12th February 2026

1. Lots are sold to the highest bidder. 2. A vendor?s commission of 18% will be added to the hammer price. 21%VAT (IVA) of that fee will also be added. A buyer?s premium of 21.78% will be added to the auction clearing price which includes commission and VAT (IVA). 3. Designated by SUBASTAS DE BARCELONA, S.L. the auctioneer will be the sole judge of the procedure of the auction of the lots and their hammer prices. The auctioneer?s decision is final and in the event of queries arising from the hammer price of a lot, or the identity of a purchaser, an item may be resold during the same session. 4. Bids will be made according to the following scale: Desde 0? Hasta 200? 10? Desde 200? Hasta 500? 25? Desde 500? Hasta 1.000? 50? Desde 1.000? Hasta 2.000? 100? Desde 2.000? Hasta 5.000? 250? Desde 5.000? Hasta 10.000? 500? Desde 10.000? Hasta 20.000? 1.000? Desde 20.000? Hasta 50.000? 2.500? Desde 50.000? Hasta 100.000? 5.000? ?=? n accordance with its expertise and prevailing circumstances the auction house may choose to vary the bidding system in specific cases. 1. SUBASTAS DE BARCELONA, S.L. Will accept written bids submitted on the forms provided by the auction rooms up till 14 hours before the day of the auction. With such bids the auctioneer will represent the purchaser up to their stated maximum offer, awarding the sale at the lowest possible price. In the event of two or more equal offers, the offer submitted first will be given priority. 2. Telephone bids are acceptable for lots with reserve prices of or exceeding 600?. Said bids must be likewise formalised on forms supplied by the auction house. Making a telephone bid implies that the bidder is obliged to, at least, meet the reserve price. The auction room takes no responsibility for a bad, or lost connection. In this case the auction room will meet the reserve price on the bidder?s behalf. 3. SUBASTAS DE BARCELONA, S.L. Cannot accept bids from clients whose solvency is not adequately validated, and equally will not accept any winning bids. Thus an identity document or passport may be requested as required by the company. 4. The details published in the catalogue conform to the criteria of SUBASTAS DE BARCELONA, S.L. and as such, must not be taken as fact. Buyers should form their own opinions prior to the auction, to which end items to be auctioned are offered for public preview for at least ten days prior to an auction, during which time we offer a further information service such as detailed photographs. SUBASTAS DE BARCELONA, S.L. accepts no responsibility for the accuracy of its catalogue. With regard to jewellery, the weight in kilograms and/or grammes, when indicated, is always approximate. 5. Lots purchased will be delivered as seen and no complaint will be accepted on the grounds of restoration, defects tears, or breakages etc., even if not stated in the catalogue. 6. Payment and collection of lots must take place no longer than seven days after the auction. Post and packaging costs are borne by the buyer and in consultation with the logistics department, if necessary. The auction room will provide costing and assist clients, if requested, with companies specialising in fine art transportation. This will apply also in cases where export licences must be obtained. After such a period, if the buyer has not collected their lot(s) they will accrue storage costs of 5? per lot, per day. SUBASTAS DE BARCELONA, S.L. bears no responsibility for any deterioration to items during this time. If a buyer has failed to pay for, or collect their goods within one month of the auction, SUBASTAS DE BARCELONA, S.L. has the right to re-sell items without prejudice to any legal action pertaining and without the buyer?s right of redress. 7. The auction room bears no responsibility for possible damages caused by third parties during transport once the items have left the premises of Subastas de Barcelona S.L. 8. Please bear in mind that artworks older tan 100 years require an export permit to be taken out of Spain. Subarna will process it on your name and will charge ?50 + 21% VAT. Estimated time is a month to a month and a half. Artworks to be exported outside of the European Union will incurr in an additional costums fee to be determined by the Ministry of Culture, it is calculated based on the hammer price and oscilates between its 15% and 20%. 9. The Spanish State reserves the right of first refusal and pre-emptive rights over auctioned lots and may exercise the right of first refusal at the auction or of pre-emption within the timescale established by law. 10. For any consultation concerning the collection of very large items, contact the logistics department at logistica@subarna.net to confirm their location as well as the address of our premises. Very large vehicular access to our auction room and warehouse is subject to consultation with the logistics department.