Contemporary Art Auction

1. Euro-Online-Auctioneers has produced this catalogue (below: ”The Catalogue”), listing the art objects offered for sale, in their order of appearance at the auction. This Catalogue contains a description and photograph of each item and two price estimates. 2. The buyer’s registration to participate in the auction constitutes confirmation that the buyer has read the conditions of this document and has agreed to them. 3. Before making a decision to purchase any item in the Catalogue, the buyer must carry out an independent examination of all the details concerning the item. 4. Euro-Online-Auctioneers may at any time add or remove an item from the auction and/or update the details concerning an item. All the updates shall be publicized on the day of the auction. 5. At the auctioneer’s strike of the hammer and declaration of the winning bid, the buyer whose bid has been declared the winner shall be regarded as having purchased the item at the price declared by the auctioneer. 6. The Winning Buyer shall pay Euro-Online-Auctioneers the Purchase Price and in addition to the Purchase Price the Winning Buyer shall also pay commission in the amount of 15% + VAT of 7% (photography, silkscreen 16%), not later then 5 business days from the day of the declaration of the buyer’s bid as the winning bid. If the buyer can send a VAT-number to Euro-online-Auctioneers, no VAT needs to be paid. No VAT needs to be paid from clients outside European Union. 7. Delay in making payment shall oblige the winning buyer to pay interest at the rate of 2% per month, , without derogating from any right and/or relief available to Euro-online-Auctioneers against the Winning Buyer because of delay in payment, which shall be regarded as material breach of the Winning Buyer’s obligations. In the event the Winning Buyer has not yet fulfilled his obligations entirely within 14 days from the day of the auction, Euro-Online-Auctioneers shall be entitled to sell the item to another buyer, without derogating from any relief and/or right available to Euro-Online-Auctioneers due to the damage caused by the breach of the buyer’s obligations. 8. The Buyer must verify the authenticity of the item independently, and if he has proof that the item is a fake, he must furnish the Auction House with it within 30 days from the day of the auction and must at the same time return the item intact and in good order to the Auction House. If the buyer’s allegation is proved to the satisfaction of the Auction House and he has returned the item as written above, he shall be entitled to receive back the consideration which he paid and any claims and/or demands by the buyer against the Auction House in this matter shall thereby be settled in a final and absolute manner. It has been made clear to the buyer and it is his duty to carry out the examination and to furnish proof of lack of authenticity at the time specified in this clause, as after such time the consideration shall be transferred to the seller and the Auction House cannot guarantee its return to the buyer. 9. Shipping costs: The buyer has to pay the shipping costs. Generally, the shipping costs for an insured parcel are: European Union: 25 Euro USA/Canada: 100 Euro Japan: 120 Euro Other: On request Other shipping costs are required for high value and high weight of the parcel. 10: Payment is possible by bank wire, Credit card or Paypal. For payment by Credit card or bank wire, an additional fee of 3,5% is requested.

Local Taxes Apply. The local tax is 7% for all artwork, wihtout photography and silkscreens, that are 16%. If the buyer can send a VAT-number to Euro-online-Auctioneers, no VAT needs to be paid. No VAT needs to be paid from clients outside European Union. The tax has to be paid in addition to the buyer's premium of 15%.

Shipping costs: The buyer has to pay the shipping costs. Generally, the shipping costs for an insured parcel are: European Union: 25 Euro USACanada: 100 Euro Japan: 120 Euro Other: On request Other shipping costs are required for high value and high weight of the parcel. Payment is possible by bank wire, Credit card or Paypal. For payment by Credit card or bank wire, an additional fee of 3,5% is requested.