MANIFATTURA ITALIANA

A surcharge of 3% will be applied to all lots purchased on this platform in addition to the buyer's premium as describer below.

Terms of sale

 
GENERAL CONDITIONS OF SALE - WANNENES

1. GENERAL TERMS

1.1 Taking part in an Auction, both as Buyer and Seller, implies the entire and un-
conditional acceptance of the Conditions of Sale outlined in our catalogues and
published on the website of WANNENES ART AUCTIONS (hereinafter ART AUCTIONS
or Auction House). In the event of a change in the aforementioned conditions, the
wording in force ratione temporis at the time of the auction itself, for the Buyer, or
of the assignment of the mandate to sell, for the Seller, will prevail.
Bidders and Sellers are required to read carefully this section containing the pur-
chase terms of the lots for sale.
1.2 The objects may be sold in lots or individually according to the final opinion
of ART AUCTIONS. The Auctions will be held in premises that are open to the pu-
blic and/or online by ART AUCTIONS which acts simply as agent in the name and
interests of each Seller (the name of the said Seller is written in all the Registers re-
quired by Law). The sale directly concerns the Purchaser and the Seller. ART AUC-
TIONS does not assume any responsibility in relation to the Purchaser, the Seller
or any third party concerned.

2. BEFORE THE AUCTION
2.1 - ESTIMATES
Beside each lot description in the catalogue there is an indication of the Estimate
for potential Buyers. This Estimate cannot constitute any reliance on the Buyer. All
the lots, depending on market interest, may achieve prices that are either superior
to or inferior to the indicated Estimates. The Estimates relative to the initial sale pri-
ce, indicated beneath the description of each item in the catalogue, are intended
as net and do not include, for example, the commissions (Buyer’s Premium), taxes
etc. Since the printing time of the catalogue requires price Estimates in advance,
these latter may be subject to change, as may also the description of the items. Each
and every change will be communicated by the Auctioneer before the beginning
of the Auction in relation to each item concerned. The lot/s will, however, only be
sold upon reaching the reserve price.
2.2 - RESERVE
The reserve price corresponds to the minimum price agreed upon between ART
AUCTIONS and the Seller, beneath which the lot will not be sold. Lots offered wi-
thout reserve are indicated in the catalogue with the Estimate in red color or with
the wording O.L. These lots are sold to the highest bidder independently of the pu-
blished Estimates.
2.3 - VIEWING BEFORE THE AUCTION
Where communicated, each Auction is preceded by a free open viewing. Opening
times are shown in the first pages of each catalogue and on the ART AUCTIONS
website. The viewing enables all Buyers to undertake an appropriate examination
of the lots for sale and to verify all aspects related to the lot, such as authenticity,
state of preservation, materials, etc. In case of auctions that take place exclusively
online, ART AUCTIONS Experts are available to send Condition Reports and addi-
tional photographs to potential Buyers, being understood that the opinion of our
Experts is not binding and does not replace the judgment of the Buyers.
2.4 - CONDITION OF THE LOTS
The lots are sold in their current state. We recommend, therefore, that potential Buyers
check the condition of the lot/s, as well as the type of lot/s being offered, before
the Sale. The Experts will be happy to provide upon request Condition Reports on
the state of preservation. The descriptions in the catalogues merely represent the
opinion of the Experts and may be subject to further revisions that will, in due cour-
se, be given to the public during the Auction.
2.5 - WATCHES AND CLOCKS
The descriptions in the catalogue for watches and clocks in relation to preserva-
tion and/or restorations are given as guidelines to prospective Buyers, however they
may under no circumstance be considered exhaustive. The Condition Reports which
ART AUCTIONS may send, on request of a prospective Buyer, do not reflect an exhau-
stive description and some restorations or imperfections may not be mentioned.
Condition Reports are statements of opinion given by the Experts and are purely
subjective and do not constitute a guarantee that may substitute a direct exami-
nation by the prospective Buyer.
Prospective Buyers should personally inspect the condition of each lot in order to
ascertain its effective state, both from the technical and the aesthetic points of view.
ITALY
Lots are sold in their present state and the fact that an imperfection or a restora-
tion is not mentioned does not imply that the imperfection or restoration does not
exist. Watches, due to their mechanical and functional nature, are normally used
and kept up and possibly repaired, in the course of their existence: they are exa-
mined by the Experts prior to the sale, but the Auction House gives no guarantee
that they are in working order, free of repairs or in the presence of non-original parts.
Wristwatches in water-resistant cases have been opened to examine their move-
ments: therefore, ART AUCTIONS suggests that such a watch be controlled by an
authorized dealer before using the same in conditions where water is present. As
concerns quartz movements, no information is given about working order if the
battery, at the moment of examination, is discharged. All documents regarding wat-
ches, if not otherwise specified, are not present. All straps and bracelets, if not other-
wise specified, are not to be considered original. Straps made of organic material
are associated with the watch for display purposes only: prospective Buyers are awa-
re that the importation to Foreign Countries of materials derived from endange-
red or otherwise protected species (purely as an example: tortoiseshell, ivory) are
subject to CITES international rules. Prospective Buyers should therefore acquire the
necessary information on such restrictions prior to their participation in the sale
for lots containing, even though partially, materials falling under these rules. Indi-
cations of weight, if included in the Condition Report, are to be considered gross
and purely indicative, as well as weights in carats of precious stones, indications of
the nature of precious stones or other precious materials and measures of cases.
2.6 - WINES AND SPIRITS
Wines and Spirits are described with as much accuracy as can be ascertained at
the time of publication of the catalogues, however potential Buyers must take into
consideration any natural variations in levels, conditions of the cases, labels, corks
and the wines or spirits themselves. No returns will be accepted.
2.7 - PAINTINGS
By participating in the auction, the Buyer expressly releases the Auction House from
any liability and/or warranty in relation to the state of preservation of the frames
of the artworks until the time of delivery to the Buyer. In particular, the participant
declares to be perfectly informed that the frame was neither an element for the
formation of the price nor a decision-making element for the purchase, conside-
ring its presence, or its lack, irrelevant. The Auction House will be responsible for
the state of preservation of the frame only if it has provided, following a formal re-
quest, a Condition Report (within the limits of the omitted indication of any significant
deficiencies that determine a significant change in the value of the painting itself ).
The Buyer expressly exempts the Auction House from any liability and guarantee
whatsoever in relation to the colors of the paintings, which may be different from
those perceived by a direct view. Anyhow, we suggest to ask for a Condition Re-
port and photos in addition to those already present on the website and in the ca-
talogue.
2.8 - TERMINOLOGY AND ATTRIBUTION
Statements concerning the author, attribution, origin, period, provenance and con-
ditions of the lot/s in the Catalogue are to be considered as the personal opinion
of the Experts and Scholars who may have been consulted and do not necessari-
ly represent fact.
TITIAN: in our opinion, the work is the work of the artist.
ATTRIBUTED TO TITIAN: in our opinion, the work is probably by the artist, but the-
re is no absolute certainty.
TITIAN’S WORKSHOP/STUDIO: in our opinion, the work is made by an unknown pain-
ter working in the artist’s workshop/studio who may or may not have undertaken
the painting under the artist’s supervision.
TITIAN’S CIRCLE: in our opinion, the work is made by an unknown painter who is
in some way connected or associated to the artist, although not necessarily a pu-
pil of the artist.
STYLE OF/FOLLOWER OF TITIAN: in our opinion, the work is made by a painter who
was contemporary or almost contemporary to the artist, working in the same sty-
le of the artist, without being necessarily connected to him by an artist-pupil re-
lationship.
MANNER OF TITIAN: in our opinion, the work has been carried out in the style of
the artist but subsequent to the period of the artist.
FROM TITIAN: in our opinion, the work is a copy of a painting by the artist.
IN THE STYLE OF...: in our opinion, the work is in the style mentioned, however from
a later period.
SIGNED–DATED– INSCRIBED: in our opinion, the signature and/or date and/or in-
scription are by the artist.
BEARING SIGNATURE–DATE–INSCRIPTION: in our opinion, the signature and/or date
and/or inscription have been added.
The dimensions supplied are height first, followed by width.
2.9 - OTHER NOTICES
Every lot with any electric equipment is sold as "not working" and it should be to-
tally re-conditioned. ART AUCTIONS is not responsible for any incorrect, wrong use
of sold lots or for any non-compliance with instructions. The words “....year.....” or
the date quoted in the lots description indicates the beginning of production of
the said lot, unless otherwise specified. The descriptive image in the catalogue and
website might not faithfully represent the lots at auction. The Auction House al-
ways recommends directly viewing the lots before making any bids. In case it is not
possible to have a view of the lot/s in person, prospective Buyers may request a
Condition Report in order to receive additional and detailed images of the lot/s.
2.10 - USE OF IMAGES
Buyers and Sellers expressly authorize ART AUCTIONS to use freely and at no cost
the photographs depicting the lots being auctioned for any purpose whatsoever,
none excluded and/or excepted, including for example but not limited to, adver-
tising, diffusion via internet and/or by any other means, publication in the Maga-
zines of the Auction House or published by third parties,

3. HOW TO PARTICIPATE
3.1 - TAKING PART IN THE AUCTION
Taking part in an Auction may occur by being present in the Auction Room, con-
nected online or through written or telephone bids that ART AUCTIONS will be hap-
py to execute in the name and on behalf of potential Buyers. This service is free of
charge and, therefore, the Auction House bears no form of responsibility for this
service. ART AUCTIONS will, therefore, not be responsible for any bids inadvertently
not executed or for errors related to their execution. ART AUCTION may ask new
Buyers for adequate bank references.
3.2 - PARTICIPATION FORM
In order to guarantee the highest levels of transparency during the Auction for all
those intending to place bids, prospective Bidders are required to fill out a parti-
cipation form with personal information and bank details. ART AUCTIONS reserves
the right to check on the details/references provided and to refuse those who might
not be welcome. Upon completion of the form, ART AUCTIONS will supply a num-
bered identification paddle which will have to be shown to the Auctioneer in or-
der to place a bid. Customers choosing to participate online will have to create their
account in WANNENES plus, fill in the relevant online forms and provide all the in-
formation requested. As a partial derogation of the above, ART AUCTIONS may ac-
cept Bids if a sum equal to the value of the lot/s requested, plus commissions, taxes
and expenses is deposited as guarantee. In case this Bid is successful, the Buyer will
communicate immediately his complete personal and tax data.

4. DURING THE AUCTION
4.1 - BIDDING IN PERSON
In order to bid in person, potential Buyers have to register and collect a bidding
number by filling out the Bidding Form and providing a valid document of iden-
tification and tax code number. All lots sold will be invoiced to the name and ad-
dress supplied when collecting the bidding number and they will not be able to
be transferred to other names and/or addresses. Should a potential Buyer wish to
bid on behalf of a third party, he/she should inform ART AUCTIONS before the be-
ginning of the Auction, and expressly receive a written authorization.
4.2 - ABSENTEE AND TELEPHONE BIDS
ART AUCTIONS may accept absentee bids (by means both of written as well as te-
lephone bids) that will be undertaken by the Auctioneer, in direct competition with
those present in the Auction Room. Should there be a case of identical bids, the
written bid will prevail upon the oral bid. In order to bid by written or telephone
bids, potential Buyers have to fill out the Absentee Bids Form issued in the cata-
logue and /or in our website wannenesgrroup.com and send it to the Auction Hou-
se at least seven hours before the beginning of the Auction. Bids must be in euro
and do not include Buyer’s Premium, charges and taxation as established by the
current Law, which therefore must be added.
Absentee bids are carried out on behalf of the bidder at the lowest price possible
in consideration of the reserve price and the other bids received by the Auction
House. In the absence of a higher bid, written bids undertaken on lots without a
reserve (indicated by the Estimate in red or by the letters O.L.) will be sold at ap-
proximately 50% of the lowest estimate or at the figure corresponding to the bid,
even though lower than 50% of the lowest Estimate. Telephone bids are organi-
zed by ART AUCTIONS within the limits of phone line availability and exclusively
for lots with a maximum Estimate of no less than 500 euro. Telephone calls during
the Auction may be recorded. Potential Buyers who bid by telephone consent to
the recording of their conversations. ART AUCTIONS will not be responsible in any
case for any problems of any nature that may occur during the telephone connec-
tion.
4.3 - ONLINE BIDDING
It is possible to participate online, either by registering in the appropriate section
of ART AUCTIONS website and registering for the relevant auction, or through other
external platforms. When the auction session is open, potential Buyers can enter
the online room and place their bids. ART AUCTIONS is not responsible in any case
for any problem or inconvenience of any nature that may occur during the con-
nection, the hammer price and paddle number pronounced by the Auctioneer and
transcribed in his appropriate Register will be considered as binding.
4.4 - HAMMER PRICE
Lots are sold to the highest bidder for cash. The Hammer Price indicates that a sale
of a lot has been made and from that moment the Buyer assumes full responsibi-
lity for the lot. In addition to the hammer price, the Buyer shall pay ART AUCTIONS
the auction fees (Buyer’s Premium) and tax charges required by current laws. Should
any disputes arise among more than one Buyers, the Auctioneer (his/her decision
is final) will put the object up for sale once more so it can be purchased again in
the same sale. In any case, the Buyers who disputed the former sale of the item in
question are still bound by the initial bid (which gave rise to the subsequent sale
of the item. In the event of a new bid not being made, the Auctioneer, at his sole
discretion, will communicate who is to be considered the successful Buyer of the
lot/s. In case of any transfer to third parties of the purchased lot/s by the Buyer, ART
AUCTION will consider the successful bidder as the sole person responsible for pay-
ment. Bidding at Auction in the name of and on behalf of third parties may be ac-
cepted only by providing ART AUCTIONS with adequate bank references as well
as a power of attorney ad negotia at least three days before the Auction.
4.5 - BIDS PRIORITY
In case of two identical written bids, which are not exceeded by bids in the sale-
room or by telephone, ART AUCTION will consider the one submitted first to be
the successful one. ART AUCTIONS reserves the right to refuse, at its sole discre-
tion, bids from unknown and/or unwelcome Buyers.
4.6 - AUCTION HOUSE AND AUCTIONEER’S RIGHTS
ART AUCTIONS reserves the right to withdraw any lot/s from the Auction. The Auc-
tioneer opens the Auction beginning with the bid that s/he believes to be the most
opportune, based upon both the value of the lot/s as well as the competing bids.
The Auctioneer may make further bids or in response to other bids, until the re-
serve price is reached. The Auctioneer, during the Auction, may group together or
separate lot/s and vary the order of the sale. The Auctioneer may – at his/her sole
discretion – withdraw lot/s that do not reach the reserve price agreed upon bet-
ween ART AUCTIONS and the Seller.

5. BUYER’S PREMIUM AND THE ARTIST’S RESALE RIGHT
5.1 - BUYER’S PREMIUM
In addition to the hammer price, the Buyers agree to pay to ART AUCTIONS a Buye-
r’s Premium on the Hammer Price of each lot sold, V.A.T. included. On all lots we
charge:
• 30% of the Hammer Price up to and including € 3.000
• 25% on that part of the Hammer Price over € 3.001 and up to and including €
2.000.000
• 22% on that part of the Hammer Price above € 2.000.001
The following departments are exceptions:
A. Classic Cars 15% of the hammer price
B. Coins & Medals, Philately 20% of the hammer price
C. Wine & Spirits, Books & Manuscripts 25% of the hammer price
5.2 - THE ARTIST’S RESALE RIGHT
The Artist’s Resale Right has been in force in Italy since April 9th 2006 with the Law
Decree no. 118 (13/02/2006). This represents the right of the Author/Artist (living
or deceased within the previous seventy years) of figurative art works and manu-
scripts to perceive a percentage of the sale price of his/her original works upon tho-
se sales taking place following the initial sale of the work/s in question. Resale Ro-
yalties will be charged to the Seller where the hammer price is 3.,000.00 Euro or more
and will not be superior to 12,500.00 Euro per lot. The amount to be paid is de-
termined as follows:
• 4% of the Hammer Price up to and including 50,000 euro.
• 3% on that part of the Hammer Price over 50,000,01 and up to and including 200,000
euro.
• 1% on that part of the Hammer Price over 200,000,01 and up to and including
350,000 euro.
• 0.5% on that part of the Hammer Price over 350,000,01 and up to and including
500,000 euro.
• 0.25% for the sale price above 500,000 euro.
The Artist’s Resale Right charged to the Seller will be paid by ART AUCTIONS to the
SIAE (The Italian Society for Authors and Editors) as laid down by Law.

6. RESPONSIBILITY
ART AUCTIONS acts exclusively as the agent for the Sellers and bears no respon-
sibility in terms of descriptions of the items in the Catalogues or in any other illu-
strated publication. All the descriptions of items are intended purely as illustrati-
ve and indicative. They may not generate any form of reliance as far as the Buyer
is concerned. The Auction will be preceded by a public viewing of the items in or-
der to allow for a careful examination of the lot/s on behalf of prospective Buyers.
In this way, potential Buyers will have the opportunity to and be responsible for a
complete examination of all the qualities of the item/s in question: for example, the
authenticity, the state of preservation, the type, the material of the items being auc-
tioned. After the purchase, no one will be able to dispute or criticize ART AUCTIONS
or the Sellers for the lack of any form of quality in reference to the object being auc-
tioned. ART AUCTIONS and its employees/consultants will not issue any guaran-
tee of authenticity. All indications concerning to the carats and the weight of me-
tals or precious stones, as well as their relative marks, are merely indicative. ART AUC-
TIONS is not responsible for any potential errors or falsifications. Notwithstanding
any potential reference to descriptions by experts external to the Auction House,
ART AUCTIONS does not either guarantee the accuracy or the authenticity of such
comments.

7. PAYMENT
7.1 Payment must be made in full, including Hammer Price, Buyer’s Premium and
any other expenses within 10 working days from the date of the Auction, in legal
currency in the Country where the auction took place by means of:
A. Cash payments, accepted up to a maximum amount of 4,999.99
euro.
B. Italian bank drafts payable to ART AUCTIONS SRL
C. Bank transfer payable to ART AUCTIONS SRL: BNL Gruppo BNP
Paribas, Largo Eros Lanfranco 2, 16121 Genova - SWIFT BNLIITRR –
IBAN IT 61 G 01005 01400 000000004382 - If paying by bank transfer,
the amount received after the deduction of any bank fee and/or
conversion of the currency of payment to euro must not be less
than the euro amount payable, as set out on the invoice
D. Certain credit/debit cards are accepted in some Wannenes offices,
with a 3% surcharge on the total invoice value for foreign cards.
Please contact Wannenes for more information.
ART AUCTIONS may offer, upon agreement with the Seller, to those Buyers it de-
ems reliable, the possibility to pay for purchased lots in instalments. Potential Buyers
who wish to undertake payment by instalments should contact the Management
of ART AUCTIONS before the sale.
7.2 In the case of lack of due payment, after full compensation of damages made
to ART AUCTIONS, the Auction House may: a) return the item to the Seller and de-
mand full payment from the Buyer of the due commissions/premium; b) under-
take action in order to forcefully obtain the obligations of purchase; c) sell the lot/s
privately or in subsequent Auctions, to the disadvantage of the original Buyer, trea-
ting any sums paid by the latter as a form of sanction. If the lot/s is kept by ART AUC-
TIONS this will be at the risk and expense of the Buyer and the Seller.
7.3 ART AUCTIONS will be authorized to agree with successful bidders on different
forms of payment, deposit, sale by private treaty, insurance of goods and/or any
other service that may be required to achieve the best performance of the deal.
7.4 DELAY OR NON-PAYMENT - AUCTION ACCESS RESTRICTION FILE (TEMIS)
ART AUCTIONS adheres to the TEMIS service, which allows the consultation and
insertion of data in the Auction Access Restriction File "TEMIS File” created by the
company Commissaires-Priseurs Multimédia (CPM), a public limited company with
registered office in Paris 75001, 14 rue des Pyramides, listed on the Paris Trade and
Companies Register under number 437 868 425
The TEMIS File records episodes of late or non-payment of purchases at auction,
regardless of the mode of participation of buyers (in person or remotely) and may
be viewed by all auctioneers who subscribe to this service. The implementation
of the TEMIS File and its use by ART AUCTIONS is necessary for the purposes of the
legitimate interest of those registered with the TEMIS service to prevent unpaid debts
and thus guarantee the correct conduct of auction sales.
Buyers are informed that if their purchases are not regularized within the establi-
shed deadlines, ART AUCTIONS may start a registration procedure in the File itself.
This registration will contain personal data and purchase documents. Registration
in the TEMIS File may have the consequence of limiting the ability of buyers to bid
at auction houses registered with the TEMIS service. In such cases, this shall also
result in temporary suspension of access to the www.interencheres.com live ser-
vices, operated by CPM, in accordance with the general terms of use for this plat-
form.
Where a bidder is listed on the TEMIS File, ART AUCTIONS may make access to auc-
tions contingent on the use of payment methods or specific guarantees, or it may
prevent the Bidder from participating in auctions for which such guarantees can-
not be provided.
Bidders can find out if they are listed on the TEMIS File, contest their TEMIS File li-
sting, or exercise their rights of access, rectification, erasure, restriction or objection
under applicable data protection legislation, by submitting a request in writing ac-
companied by proof of identity in the form of a copy of a relevant identity docu-
ment:
• For listings added by ART AUCTIONS SRL: by post to WANNENES ART AUCTIONS
SRL via Albaro 11 - 16145 Genova or email info@wannenesgroup.com
• For listings added by other Professional Subscribers: by post to CPM, 14 rue des Py-
ramides, 75001, or by email to contact@temis.auction.
Important notifications relating to the auction process will be sent to the email and/or
postal address that the Bidder provides the auctioneer at the time of auction. Bid-
ders must notify ART AUCTIONS of any changes to their contact details.
By participating in the auction, buyers expressly authorize ART AUCTION to tran-
smit data to CPM as specified above.

8. DELIVERY AND STORAGE
8.1 - LOTS DELIVERY
The Buyer, after having paid all the sums due, must collect the lot/s acquired wi-
thin fifteen working days of the Auction date, at his/her own risk and expense, in
full consideration of the opening hours of ART AUCTIONS. When collecting the lot/s,
the Buyer must provide ART AUCTIONS with a valid document of identity. Should
the Buyer request a third party to collect the lot/s already paid for, the latter should
possess a written permission signed by the Buyer and a copy of the Buyer’’s document
of identity. The lot/s will be given to the Buyer or to the third party only upon pay-
ment made in full. Buyers and Sellers expressly recognize to the Auction House the
right to retain the lot/s until all sums due to ART AUCTIONS have been paid in full.
8.2 - STORAGE
Should the Buyer not collect the lot/s within the aforementioned deadline, ART AUC-
TIONS will store them at the sole risk and expense of the Buyer, in the premises for
a further five working days. After this period, ART AUCTIONS will relocate the item/s
(at the Buyer’s own risk and expense) to any warehouse deemed most appropria-
te. The Auction House will inform the Buyer of the place where the item/s are kept.
It is clearly understood that in order to collect the object/s the Buyer will have to
pay, in addition to the Hammer Price plus Buyer’s Premium etc, any refund due to
subsequent expenses incurred by the Auction House.
If purchased lot/s are collected after the aforementioned deadline, the Auction Hou-
se may debit the costs of storage (by month or part of a month) as follows:
• 100 euro + VAT for furniture
• 50 euro + VAT for paintings
• 25 euro + VAT for works of art and all other lots in general.
Storage costs for cars and motorcycles are specifically quoted in the relevant ca-
talogues.

9. SHIPPING AND EXPORT
9.1 - SHIPPING OF LOTS
ART AUCTIONS team will be glad to ship lots purchased according to written in-
structions given by the Buyer, after full payment of the invoice. Shipping will be at
the risk and expense of the Buyer who, by means of a written communication, will
have to release ART AUCTIONS from any responsibility concerning this operation.
Furthermore, our team is available for evaluations and advice in relation to the ship-
ping methods employed and insurance of the lot/s.
9.2 - EXPORT
The Law Decree no. 42 of January 22nd 2004 regulates the export of cultural he-
ritage and goods outside the Republic of Italy. The EU Regulation no. 3911/92 of
December 9th 1992, as modified by EU Regulation no. 2469/96 of December 16th
1996 and by EU Regulation no. 974/01 of May 14th 2001, regulates the export of
cultural heritage and goods outside the European Union. In order to export out-
side Italy cultural heritage and goods that are over 70 years old need an Export Li-
cense that the Buyer has to procure for him/herself personally. ART AUCTIONS is
not involved in the procurement of such permits and cannot therefore guarantee
the relative issue of such permits. ART AUCTIONS, upon the request of the Buyer
and at his name, may undertake the operations necessary for the granting of the
Export License according to the following tariffs:
- Euro 200 + IVA for each single lot or the first lot of a total hammer price value of
more than euro 5.000 for paperwork
- Euro 100 + IVA for each single lot or the first lot of a total hammer price value equal
to euro 5.000 or less for paperwork
including form-filling, taxation stamps and photographic (colour) documentation.
Should the above-mentioned authorisation not be granted the Buyer of the lot/s
is not cancelled, neither is the payment of the lot/s, unless prior agreement with
ART AUCTIONS was made before the Auction. With reference to the regulations con-
tained in art. 8, 1st paragraph, letter B DPR 633/72. Buyers have to respect the fol-
lowing procedures should they wish to take the lot/s outside the European Union
and claim the VAT refund:
- completion of CUSTOMS forms/papers and transport outside the European Union
within three months from the invoice date.
- sending within the same term of the original customs taxation stamp or equivalent
document directly to ART AUCTIONS.
The above legislative indications refer to the regulations in force. It is the sole re-
sponsibility of the Buyer to inform itself about any legislative changes and/or inac-
curacies. ART AUCTIONS assumes no responsibility in this respect.
9.3 - POSSIBLE RESTRICTIONS
Everybody has to respect the current Laws within the State where the Auction is
held. In particular, ART AUCTIONS assumes no responsibility in relation to poten-
tial restrictions concerning the export of purchased items and/or in relation to li-
censes or permits that the Buyer might have to request on the basis of current Laws.
The Buyer will not be able to request any refund either from the Seller or from ART
AUCTIONS should the State exercise its right to pre-emption or any other right it
may possess. The rights accrued in relation to a sale that should be cancelled due
to the denial of authorization to export due to different opinions between the cul-
tural authorities concerned are, nevertheless, to be paid by the Seller to Art Auc-
tions, even if the permission was not given because the Seller did not previously
inform ART AUCTIONS of the existence of authorization (for export) given by the
relevant authority upon the request of the Seller him/herself.

10. CLAIMS
In the event of claims proving to be well-founded and accepted by ART AUCTIONS
subsequent to the sale of false items, the Auction House may, at its own discretion,
declare the sale null and void and, where a request is made in the manner and wi-
thin the limits of the law, reveal the name of the Seller to the Buyer. The Buyer may
make use of this Article only and exclusively in the case that s/he has notified ART
AUCTIONS – according to Articles 137 and following in the Code of Civil Procedure
– of the claim in question with the relative proof within fifteen days of the Auction
date. In any case, subsequent to an accepted claim the Buyer has the right to re-
ceive exclusively what was paid for the disputed lot/s without any addition of in-
terests or other sums for any other reason.

11. ACCEPTANCE OF THE CONDITIONS OF SALE
The current General Conditions of Sale are accepted automatically upon signing
the form (see 3.2) and by all those individuals who take part in the Auction. The afo-
rementioned General Conditions of Sale are at the disposal of anyone who requests
to see them. Any case of controversy is within the jurisdiction of the Genoa Law
Courts.

12. PRIVACY
12.1 - GDPR 2016/679
Privacy Law (Legislative Decree 196/03 including all subsequent amendments and
supplements by GDPR 2016/679). Data Controller: ART AUCTIONS S.r.l. with he-
adquarters in GENOA, via Albaro 11. The Customer may exercise his/her rights ac-
cording to Legislative Decree 196/03 (access, correction, cancellation, opposition
etc), by contacting ART AUCTIONS S.r.l.
GARANZIA DI RISERVATEZZA according to Article 25 of Legislative Decree 196/03.
The data are processed in an automated form for the sole purpose of providing the
above-mentioned service or any further service related to the Auction House, with
the methods strictly necessary for the purpose. The supply of data is optional: in
default of which, ART AUCTIONS will not be able to perform the service required.
The data will not be disclosed. Participation in an Auction allows ART AUCTIONS
to send subsequent catalogues of other Auctions.
12.2 - TEMIS FILE
ART AUCTIONS SRL has access to the TEMIS platform operated by Commissaires-
Priseurs Multimédia (CPM) for the purposes of handling the recovery of unpaid in-
voices. In this context, where there is a delay to payment, the personal data of bid-
ders, or their representatives (e.g. name and contact details, invoices,etc.) may be
shared with CPM for the purposes of collecting unpaid amounts. CPM acts as a pro-
cessor as defined by the General Data Protection Regulation (Regulation (EU)
2016/679 of 27 April 2016).
13. CUSTOMER DUE DILIGENCE REQUIREMENTS
In order to allow ART AUCTIONS to comply with customer due diligence require-
ments, in accordance with the provisions of art. 22 of the Legislative Decree of 21
November 2003 n. 231 and subsequent amendments (Customer obligations con-
cerning prevention and contrast to money laundering and terrorism financing), all
customers are kindly reminded that the following mandatory documents will be
required for successful bids equal to or exceeding the threshold € 10,000.00:
Private customer
- a valid ID document (identity card or passport);
- due diligence form, regarding PEPs (Politically Exposed Persons)/not PEPs and pur-
pose of business, to be completed and signed.
Companies
- certificate of incorporation showing the shareholding structure of the owner and/or
beneficial owner (if applicable);
- a valid ID document (identity card or passport) of the owner and/or beneficial ow-
ner (if applicable);
- due diligence form, regarding PEPs (Politically Exposed Persons)/not PEPs and pur-
pose of business, to be completed and signed.