41th ANTIQUE ADVERTISING AUCTION | WORMSER

(Translated with DeepL - only the German version is legally binding in case of doubt) GENERAL AUCTION TERMS AND CONDITIONS Last amended April 10, 2026 Section 1 - Introduction In these terms and conditions for buyers, the terms "we," "us," and "our" refer to Wormser Classic Auctions GmbH, while "you" and "your" refer to bidders and purchasers. If you are acting as a representative on behalf of a client, "you" and "your" refer equally to the client and the representative. Capitalized terms have the meanings set forth in Section 2. These Terms and Conditions for Buyers govern all rights and obligations of bidders and buyers at our auctions (whether live auctions or time-based online auctions). The authenticity guarantee and all other provisions expressly declared applicable to the sale form an integral part of these Terms and Conditions. Changes to these Terms and Conditions may be made either verbally or in writing or by announcement before or during the sale. Our relationship--as well as that of the seller--with bidders and buyers in relation to the lots offered is governed exclusively by these Terms and Conditions for Buyers and the seller's express representations, warranties, and indemnities. We generally act as the seller's agent, unless we ourselves hold ownership of a lot, either in whole or in part. The purchase contract is concluded directly between the seller and the buyer. Occasionally, Wormser Classic Auctions GmbH may be the owner of a lot, in which case we act as the principal. In addition, Wormser Classic Auctions GmbH may have a legal, economic, or financial interest in a lot, whether in the capacity of a secured creditor or in any other way. By registering for an auction--including via our online platforms--you accept these Terms and Conditions for Buyers as binding. We reserve the right to change the terms and conditions for buyers at our discretion at any time without informing you or the seller separately by publishing the amended version on the website at https://reklame-auktion.de/versteigerungsbedingungen/. It is the responsibility of both you and the seller to regularly check the terms and conditions for any changes by clicking on the "General AUCTION TERMS AND CONDITIONS" button. You can see whether any changes have been made since your last review by checking the "Last change" note at the top of this page. If you do not agree with the applicable terms and conditions, you will not be able to register to participate in an auction. Section 2 - Definitions Bidder: any natural or legal person who is registered as a bidder to participate in an auction. Guarantee of authenticity: the guarantee granted by us as the client to the buyer with regard to the authenticity of a purchased lot, as described in section 15. Catalog: the list of lots offered in an auction, together with related information, published on our website, within the applications of Wormser Classic Auctions GmbH, and, if applicable, additionally in printed form. Buyer: the person registered as the purchaser of a lot. Purchase price: for auctioned lots, the hammer price plus the buyer's premium and any sales tax and/or sales or usage taxes. Buyer's premium: the commission payable to us by the buyer as part of the purchase price. The percentage of the buyer's premium is subject to change at any time. The current rate is 19% of the hammer price, plus applicable sales tax. Buyer's costs: all costs and expenses to be charged to the buyer in connection with the purchase of a lot, plus the applicable sales tax. Limit: the minimum price determined by the auctioneer at which a lot may be sold. If no bid is made at the limit, the auctioneer may, at his discretion, award the lot at a price below this value. Lot: a single item or several items grouped together that are offered for sale at auction. Value added tax: any sales tax incurred by law or any amount payable in lieu thereof at the applicable rate. Online platforms: all digital means by which we enable bidders to participate in our auctions. Seller: the natural or legal person on whose behalf we auction a lot. Wormser Classic Auctions GmbH: the limited liability company based at Noltzstra?e 12, 67549 Worms, Germany. Hammer price: for each lot sold, the last amount accepted by the auctioneer or confirmed via our online bidding platform; in the case of a post-auction sale, the agreed purchase price. The hammer price is exclusive of the buyer's premium. Time-based auction: an auction held exclusively via our online platforms, in which lots automatically end after a specified period of time. Section 3 - Lots (3.1) All lots are sold in the condition they are in at the time of sale. You acknowledge that many items are not flawless due to their age and nature. Catalog descriptions and condition reports may contain references to defects, but there may be other defects that are not expressly mentioned. Illustrations are for identification purposes only and may not fully reflect the actual condition of the item. (3.2) You acknowledge that our knowledge of each lot is partly dependent on the information provided by the seller and that we cannot thoroughly examine every lot. Information we provide in regarding a lot, including catalog descriptions, estimates, or condition reports, are estimates and not guaranteed facts. These assessments are based on the condition of the lot, the extent of any examinations that may have been carried out, and the prevailing expert opinion at the time of cataloging. Estimates do not represent a forecast of the sale price or value and may be adjusted by us at any time. (3.3) Each lot is assigned a lot number; unless otherwise stated, bids must be placed for the entire lot number. (3.4) We reserve the right to withdraw a lot from the auction at any time or to cancel the auction without this giving rise to any claims against us. (3.5) It is your responsibility to form your own opinion of the lots you are interested in by viewing and inspecting them yourself. Before placing a bid, you should satisfy yourself as to the condition, dimensions, description, and, if applicable, any restorations. Viewings are possible by appointment at our business premises or at other specified locations; information on this can be found in the respective catalog or via our social media channels. The buyer is also solely responsible for obtaining any necessary export, import, or other permits. Descriptions in the catalog do not constitute a guarantee that a lot is not subject to restrictions or embargoes. The refusal of a permit does not justify withdrawal from the purchase. (3.6) Unless the seller and buyer state otherwise, they assure that they will only purchase the catalog and the items offered therein that relate to the period from 1933 to 1945 and fall or may fall under Sections 86, 86a of the German Criminal Code (StGB) for the purposes specified in Section 86 (3) StGB. These are: civic education, defense against unconstitutional and anti-constitutional efforts, scientific and art-historical research, education and reporting on current events, or military-historical and uniform-related research. The seller and we offer the items listed in the catalog only under these conditions. By bidding, the bidder undertakes to purchase the items only for the above-mentioned reasons and not to use them in any way for propaganda purposes, in particular within the meaning of ? 86a StGB. The auctioneer is entitled to refuse to auction items that fall or may fall under ? 86 and ? 86a without giving reasons and to refuse to accept a bid from a bidder if the latter cannot guarantee that the items will be used for the purposes specified in ?86 (3) StGB. (3.7) Scope of our guarantees: Lots are sold "as seen," without any warranty on our part or on the part of the seller pursuant to ? 443 BGB (German Civil Code), except for the expressly promised guarantees and the guarantee of authenticity. Implied warranties, in particular with regard to marketability or suitability for specific purposes, are excluded by us and the seller to the extent permitted by law. Neither we nor the seller accept any liability for the accuracy of catalog information, other illustrations, or descriptions of condition, size, value, quality, rarity, frame, or other information. Statements made either verbally or in writing do not constitute a warranty. Copyright or reproduction rights are not guaranteed. Section 4 - Representations and Warranties (4.1) You represent and warrant to us and the seller that the following applies at all relevant times: (a) Your bids for a lot are authentic, i.e., they are not based on agreements with third parties or other anti-competitive actions and are in accordance with the applicable antitrust regulations; (b) You have read Section 3, point (3.6) and confirm accordingly. (c) The fulfillment of your obligations under these "Terms and Conditions for Buyers" does not violate any applicable laws, regulations, or ordinances, nor has it done so in the past; (d) Neither your purchase of a lot nor--if you are acting on behalf of a third party--your agreement with that client serves to enable or facilitate tax offenses; (e) You have no knowledge or reasonable suspicion that (1) the funds used to pay for a lot originate from criminal activities, or (2) you, your client, or, if you are a legal entity, persons with an economic or legal interest in you are the subject of investigations, charges, or convictions for money laundering, sanctions violations, terrorist financing, tax evasion, or violations of anti-corruption or bribery laws; (f) Neither you nor your principal (if applicable) is itself, in whole or in part, owned or controlled by a natural or legal person against whom economic sanctions, embargoes, or other trade restrictions, whether imposed by the US, the EU or any of its member states, the UK, the United Nations, or any other competent sanctions authority ("Sanctions"). Similarly, you are not located in a country or territory subject to sanctions (including, but not limited to: Crimea, Cuba, Iran, North Korea, Syria, Russian Federation, Belarus) ("Sanctioned Jurisdictions"); (g) You (and, if applicable, your principal) are currently compliant with, and have been compliant with for the past five years, all relevant laws relating to sanctions, money laundering, anti-terrorism, bribery, and corruption; (h) The purchase price will not be paid, directly or indirectly, by any person subject to sanctions or resident or registered in a sanctioned jurisdiction; (i) None of the parties involved in the transaction is directly or indirectly subject to sanctions or is (wholly or partially) owned or controlled by a sanctioned person or organization, unless a competent authority has expressly agreed to this in writing - and only with our prior written consent; (j) If you are acting on behalf of a third party, you have taken reasonable steps to ensure that your client complies with applicable regulations relating to sanctions, money laundering, counter-terrorism, and anti-bribery and anti-corruption. This includes appropriate verification of your principal and the origin of the funds. You agree to retain appropriate evidence of these checks for at least five years and to provide it to us upon request; (k) Your purchase will not cause us, the seller, or any other party involved to violate any sanctions regulations, money laundering, terrorism, bribery, or corruption laws, or otherwise place us in an illegal position; (l) You are legally authorized to enter into these Terms and Conditions for Buyers and to make the representations and warranties contained herein without the need for further action or consent from any third party. If you are acting as a legal entity, the person acting on your behalf is authorized to do so, and your company is duly incorporated, legally existing, and in good standing in the relevant jurisdiction. (4.2) We reserve the right, at our discretion, to cancel a sale if we reasonably believe that any of the above representations or warranties are or were inaccurate, incomplete, or breached, or if the sale could result in legal liability on our part. Section 5 - Indemnification You agree to indemnify us, Wormser Classic Auctions GmbH, our directors and employees, and the seller against all claims, damages, costs, and expenses (including, but not limited to, reasonable attorneys' fees) arising from any inaccurate or breached representations made by you or any breach of your obligations, to the extent permitted by law. Section 6 - Bids (6.1) For bids made in the auction room, registration with all necessary data and acceptance of the auction terms and conditions are required. (6.2) Written advance bids or telephone bids require the prior submission of all information and acceptance of the auction terms and conditions. (6.3) Online bids require the creation of an account, including the provision of all necessary information. (6.4) We reserve the right to request financial references, guarantees, deposits, or other securities to secure your bids if we deem this necessary or appropriate. (6.5) We recommend that all bidders submit their bids in person, if possible, either via our online platforms or in the auction room. If you decide to bid via an online platform, it is your responsibility to inform yourself about all notices and announcements made in the auction room. (6.6) We accept written and telephone bids after prior consultation with our bidding department. In the case of a written preliminary bid--also known as an absentee bid--the bidder sets a maximum bid before the live auction. The auctioneer then bids on behalf of the bidder at the lowest possible bid level, which is determined at his discretion, but never exceeds the specified maximum bid. These written and telephone bids are considered an additional service and are offered free of charge. However, they are made at the bidder's risk and subject to other obligations on our part at that time. We endeavor to execute written absentee bids properly, with identical bids given priority to the bid received first. No liability is accepted for written or telephone bids that are not executed in a proper manner. (6.7) In certain auctions, bidders have the option of placing a so-called advance bid via the online platform before the start of the live auction. These bids will then be placed automatically on your behalf up to the specified maximum limit, provided that competing bids are placed. The current maximum bid is visible to all participants, but the exact amount and status of your advance bid is only visible to you--unless it is the current leading bid. When the live auction begins, the bidding process opens with the current highest bid. The platform will then continue to bid automatically up to your specified maximum bid, although you can also continue to bid actively via the online platform during the live auction. (6.8) All bids are made in the currency of the respective place of sale. As a non-binding service, a currency table may be provided during live auctions for the information of bidders. However, this is not binding and may not be available to online bidders. (6.9) We reserve the right to refuse or withdraw participation in the bidding process from individuals before or during an auction without giving reasons. In the context of live auctions, we may refuse access to the auction. In the case of time-based auctions, we also reserve the right to deactivate your user account at any time--before, during, or after the auction. (6.10) In the case of time-limited auctions and live auctions with a pre-bid option, a bid that has already been placed may only be withdrawn if (a) the item description or condition report has been significantly changed after the bid was placed or (b) a relevant notice has been published on our website after the bid was placed. In all other cases, bids placed - regardless of how they were placed - are binding and may not be changed or withdrawn. You agree to pay the full purchase price and all applicable buyer costs in the event of a successful bid. We accept no responsibility for errors in bidding caused by you or your online account. (6.11) If you are considered an "interested party" (as defined below), you are prohibited from bidding on an item, inducing third parties to do so, or entering into agreements with other bidders regarding the item in question, unless you have obtained our prior written consent. An interested party is any person who (1) has a direct or indirect financial interest in the item--such as a beneficiary of an estate selling the item or a co-owner--or (2) was involved in the sale of the item. If you wish to bid as such a party, you must notify us in writing at least two business days before the auction begins. In the event of a violation or failure to comply with the required procedures, we reserve the right to cancel your bids or any successful bids. Section 7 - Auction procedure (7.1) An auction is dynamic in nature, with bids developing rapidly. In a live auction, the auctioneer will start the bidding at a level and in increments that he deems appropriate, and may also refer to bids submitted in advance. It is at the auctioneer's discretion to adjust the bidding increments in the auction room and for telephone bidders. Bidders using online platforms may not be able to place a bid that is less than a full bidding increment above the previous bid. (7.2) In time-based auctions, bidding starts at an amount equal to or below the lower estimate for the lot. Increases are made in bidding increments determined by us, which may vary during the auction. Lots are closed one after the other, either automatically via the online system or, in certain cases, by an auctioneer. In the case of automated closure by the online system, this takes place lot by lot at specified intervals (as indicated on the sales page), unless another bid is received within a period defined on the sales page before the scheduled end of a lot. In this case, the closing time of the lot in question may be extended by a certain period of time from the last bid. The extension of the duration of a particular lot does not affect the closing time of other lots, which means that lots may be closed outside of numerical order. (7.3) The auctioneer (or, in the case of time-based auctions, the online system) is entitled to reject or refuse bids, including those that have already been accepted, to withdraw lots, and to resume or continue the auction (even after the bid has been accepted or after the conclusion of a lot in time-based auctions). (7.4) In the event of an error or dispute regarding bids during or after the auction, we are free to reject bids, withdraw lots, determine the buyer, continue or reopen the auction, reverse a sale, or reoffer a lot--even after the lot has been sold or closed in time-based auctions. In addition, we may take any other measures we deem appropriate. In the event of a dispute, our sales record shall be authoritative and final. In the event of discrepancies between online records or communications and our sales record, the latter shall prevail. If a sale is canceled as a result of an error or dispute, or if the lot in question is re-auctioned, we will inform the buyer of this decision immediately. (7.5) Subject to the provisions in sections (7.3) and (7.4), the buyer shall be deemed to be: in a live auction, the bidder who submitted the highest bid at the time of the bid acceptance; in a time-based auction, the bidder who submitted the highest bid at the close of the lot. If a bidder acts as a representative, their client shall be deemed the buyer. The purchase contract between the buyer and seller shall come into effect - subject to the conditions in (7.3) and (7.4) - when the auctioneer awards the bid in a live auction or when a lot closes in a time-based auction. From this point on, the buyer is obliged to pay the full purchase price, including any buyer's costs. The purchase contract becomes final upon completion of the respective auction session . (7.6) Any subsequent sales shall be subject to the same terms and conditions. Section 8 - Payment (8.1) After the auction has ended, we will issue an invoice to the buyers. For online bidders, the purchase information will either be provided in the respective user account or sent by email, depending on the platform. This information is provided for reference purposes only. In the event of discrepancies between the online purchase information and the invoice issued after the sale, the invoice shall be deemed binding. We reserve the right to process payments via external payment service providers. These providers may publish their own terms and conditions of payment on their websites and may change them if necessary. When paying by credit card, you authorize us and our payment service providers to charge the payment method you have chosen with the full amount displayed to you during checkout or the purchase process. (8.2) A buyer's premium and, if applicable, an online commission will be added to the hammer price of each lot. Both amounts are payable by the buyer together with the hammer price as part of the purchase price. (8.3) The buyer is also obliged to pay all applicable taxes as part of the purchase price. These include, among others, sales tax, value added tax, consumption tax, usage tax, goods tax, service tax, indirect taxes and, where applicable, luxury taxes, customs duties and resale rights levies, insofar as these are required by law. We are entitled to collect all taxes and resale rights levies required by law in connection with the purchase of a lot. The purchase price is to be paid in full without any deductions for taxes, unless a deduction is required by law. In such a case, the buyer is obliged to adjust the purchase price so that we receive the full original amount despite the deduction. (8.4) Payment of the purchase price and any additional buyer's costs must be made immediately after the end of the auction in the currency applicable to the respective sale, regardless of whether export, import, or other permits are required. The obligation to pay in full is absolute and exists independently of any defenses, counterclaims, or set-off claims of the buyer. (8.5) Payments may only be made by the registered buyer. In the case of registration as a legal entity, payment for all purchases on behalf of that legal entity must be made using an accepted payment method of the company. Partial payment for a lot or payment for a lot using multiple credit cards is not permitted. A change in the payment source formally requires a change of buyer, for which we may charge an additional administrative fee. (8.6) Ownership of an auctioned lot is only transferred to the buyer once we have received the full purchase price in freely available funds. A lot will only be handed over to the buyer or their authorized representative once the entire purchase price and all buyer costs have been paid in freely available funds and the buyer or their representative has been properly identified--unless circumstances beyond our control prevent this ( ). Early delivery shall not affect the transfer of ownership or the buyer's unrestricted obligation to pay all amounts owed in full. Section 9 - Default of payment (9.1) The buyer is obliged to pay the full purchase price of a lot and all applicable buyer's costs within seven calendar days of the invoice date in freely available funds. If this payment is not made on time without our prior consent, the buyer shall be in default. In such a case, in addition to all rights to which the seller is entitled by law or contract, we shall be entitled, at our discretion, to take the following measures in relation to each lot for which full payment has not been made, to the fullest extent permitted by law: (a) Cancellation of the sale: We may cancel the purchase contract for the lot in question. (b) Crediting of payments made: All deposits and partial payments made by the buyer may be credited to the lot concerned, other lots purchased by the buyer, the shortfall resulting from resale (see point 8), or any claims for damages. (c) Exclusion from future bids: We may reject future bids from the buyer or make them subject to a security deposit. (d) Legal action: We reserve the right to take legal action against the buyer to claim payment of the full purchase price and buyer's costs or to claim damages for breach of contract. This also includes the assertion of interest and full reimbursement of all legal costs. (e) Storage at the buyer's risk and expense: The lot in question may be stored on our premises or at another location, with all associated risks and costs being borne by the buyer. (f) Lien: We reserve the right to assert a lien on items belonging to the buyer that are in our possession. The buyer will be informed in advance of the exercise of this lien, after which we may arrange for the sale of the items and offset the proceeds against any outstanding claims. (g) Offsetting against counterclaims: We are entitled to offset the buyer's outstanding claims against any claims they may have against us, in particular in the event of damages incurred as a result of a breach of contract. (h) Disclosure of buyer data to the seller: We may disclose the buyer's name and address to the seller so that the seller can assert its claims (including court costs) directly against the buyer. Before disclosing such data, we will take reasonable measures to inform the buyer. (i) Resale at the buyer's expense: The lot in question may be resold at the buyer's expense, either at auction or by private sale. The estimated values and starting prices (limits) are determined by us. If the resale proceeds are lower than the original purchase price including buyer's costs, the buyer shall be liable for the difference and for all costs incurred in the course of the resale. (j) Interest calculation: We may charge interest on overdue amounts at a rate of 6% above the base rate of Sparkasse Rheinhessen p.a. - up to a maximum of the legally permissible maximum interest rate. Interest shall accrue from the due date and shall apply until full payment of the outstanding amounts, including any costs (both before and after a court ruling). (9.2) If the buyer fails to pay the purchase price for a lot in whole or in part and we decide to pay the seller part or all of the proceeds anyway, the buyer acknowledges that we are entitled to all rights that would otherwise be available to the seller against the buyer, regardless of whether these rights are of a legal, contractual, or other nature. Section 10 - Shipping and Collection (10.1) The following provisions apply to all lots or parts thereof: (a) Shipping by Wormser Classic Auctions GmbH: If you request shipping by us, we will prepare a separate shipping quote (unless already included with the invoice) that includes all packaging and shipping costs. For international shipments, these costs do not include customs duties or import taxes - the determination and payment of which is the sole responsibility of the buyer. This also includes all third-party fees required for shipping. After acceptance of our shipping quote and full payment of the purchase price and all applicable costs, we will arrange for shipment to the address stored in your user account. Shipment will be made chronologically after receipt of payment. Recommended prices are defined in advance for packaging and shipping costs. Wormser Classic Auctions GmbH reserves the right to adjust shipping costs at any time to reflect conditions such as: changes in shipping prices charged by shipping service providers or additional packaging costs (e.g., due to the fragility, quantity, or size of the lots purchased; change of buyer; change of delivery address, etc.). The prices are therefore for the buyer's guidance only and are to be understood as based on the total weight and value of the lots purchased. For shipping within Germany: up to 1 kg = ?10.00 up to 3 kg = ?15.00 up to 5 kg = ?20.00 up to 10 kg = ?30.00 up to 15 kg = ?40.00 up to 25 kg = ?50.00 For shipping to other EU countries: up to 3 kg = ?20.00 up to 5 kg = ?30.00, up to 10 kg = ?40.00 up to 15 kg = ?50.00 up to 25 kg = ?70.00 For shipping to a country outside the EU, the price must be determined individually based on the size and weight of the package. These costs include: (i) plus a flat-rate packaging/material fee per package: up to 5 kg = ?10.00 up to 10 kg = ?15.00 up to 20 kg = ?20.00 over 20 kg = ?30.00 (ii) plus insurance fee: ?5.00 per ?1,000.00 or part thereof of the total invoice amount. or ?50.00 for total invoice amounts of ?10,000 or more (iii) plus applicable VAT on all shipping and packaging costs These conditions apply to one package. If there are several packages, additional costs and expenses will be invoiced separately. For items that must be shipped as bulky goods (larger or heavier than the standard allowed by DHL or Hermes), an additional flat rate of ?50.00-100.00 will be charged depending on the effort. Fragile items should generally be picked up in person. If shipping is nevertheless desired, we charge ?30.00 per hour for packaging and time spent. The buyer or their agent is responsible for commissioning a shipping company. The organizer, , cannot accept any liability for possible transport damage. (10.2) Collection if not suitable for shipping: If a lot cannot be shipped due to its nature, fragility, or uneconomical nature, the buyer is obliged to collect the lot or arrange for collection within 30 calendar days of the sale date. (10.3) Packaging and handling at the buyer's risk: Packaging and handling of lots is at the sole risk of the buyer. We accept no liability for errors or omissions on the part of third parties commissioned with packaging or shipping. If you do not wish to collect the lot in person, you are responsible for organizing transport. (10.4) Failure to collect a lot: If the buyer pays the purchase price and buyer's costs but does not collect a lot within 30 calendar days of the auction closing, we will store the lot at the buyer's expense and risk on our premises or with a third party. The fees for late collection consist of a one-time processing fee and a fee per day for late collection at the following rates: One-time processing fee per invoice: ?50.00 (plus statutory VAT) Late collection fee per 30-day period or part thereof per lot: ?10.00 (plus statutory VAT) (10.5) Failure to collect within six months: If a purchased lot is not collected within six months of the auction, the buyer authorizes Wormser Classic Auctions GmbH to resell the lot with 30 days' written notice to their last known address or email address at auction or by private sale (at Wormser Classic Auctions GmbH or elsewhere), with estimates and reserve prices set at our discretion. Wormser Classic Auctions GmbH also has the right to sell the lot without applying a minimum price. Any such sale conducted by us will be subject to the general terms and conditions for sellers and buyers applicable to the respective sale. If the lot is sold, we are entitled to deduct from the proceeds of the sale the usual buyer's premium of Wormser Classic Auctions GmbH, the overhead surcharge (if applicable) and the Wormser Classic Auctions GmbH seller's premium (if applicable) and, in any case, all other costs incurred by us in the sale of the lot. The remaining amount of the sale proceeds shall be paid to the buyer. If the buyer does not collect the remaining amount from the seller within 6 years of the sale, these proceeds shall be forfeited and Wormser Classic Auctions GmbH shall be entitled to retain this remaining amount for its own account. Section 11 - Transfer of risk (11.1) Transfer of risk and responsibility: The risk and responsibility for a purchased lot shall pass to the buyer at the following times: (a) For live auctions: Upon the occurrence of the earliest of the following events: (i) dispatch of the lot, (ii) collection of the lot by the buyer or a person authorized by the buyer, (iii) Expiration of the 31st calendar day after the date of sale (b) For time-based auctions: (i) Upon shipment of the lot by us, as soon as it comes into the physical possession of the buyer or their authorized representative (depending on the selected shipping method), (ii) or - in the case of collection - upon handover to the buyer or their designated representative. If you exercise a contractual or statutory right of withdrawal (see Condition 12), the risk of loss or damage to the lot remains with you until the lot has been properly returned to us. In such a case, we recommend that you insure the lot accordingly . (11.2) Indemnification after transfer of risk: Upon transfer of risk and responsibility to the buyer, the buyer irrevocably releases us, our employees, officers, agents, warehouse keepers, contractors, and the seller from all claims, actions, liabilities, damages, losses, or expenses--including reasonable attorneys' fees--related to the loss or damage of the lot. (11.3) Our liability prior to transfer of risk: Prior to the transfer of risk in accordance with this provision, we assume responsibility for loss or damage to a lot, subject to the exclusions of liability listed in paragraph (d) below. In the event of damage, the assessment of the reduction in value of the lot concerned shall be at our discretion. If compensation is to be paid, it shall not exceed the purchase price paid by the buyer plus the corresponding auction fees. (11.4) Exclusions of liability: We accept no liability for loss or damage caused by: (a) Measures carried out with your consent by independent third parties, in particular restoration, conservation, framing, mounting, cleaning, etc.; (b) damage to frames or glazing of prints, paintings, or similar flat works of art; (c) the effects of moisture or temperature fluctuations, provided that we have exercised reasonable care; (d) normal wear and tear, gradual deterioration, or material-related defects (e.g., woodworm infestation); (e) war, acts of terrorism (as defined by our insurers), nuclear events, radioactive contamination, or chemical, biochemical, or electromagnetic weapons. (11.5) Waiver of further claims: Once you have received compensation in accordance with this provision, you shall release both us and the seller--both in your own name and on behalf of your insurance company or companies--finally and irrevocably from any liability in connection with the loss or damage to the lot in question. You also irrevocably waive any future claims or rights against us or the seller in this regard. Section 12 - Withdrawal by the consumer (12.1.) The right of withdrawal applies exclusively to time-based auctions and under the following circumstances: (a) If you are acting as a "consumer" - i.e., a natural person who enters into a legal transaction for purposes that are predominantly neither commercial nor professional - and you have your habitual residence in a Member State of the European Union or in the United Kingdom, and if the seller acts as a "business" within the meaning of the law - i.e., in the course of its commercial or professional activity - you are entitled to the statutory right of withdrawal for consumers. This right allows you to withdraw from your online purchase of goods (except for custom-made or personalized items) within 14 calendar days of receipt of the goods by you or a third party designated by you, without giving any reason. (b) You are obliged to return the item in question to the return address specified by us or to hand it over in person without delay, at the latest within 14 calendar days of the date of the declared withdrawal. To meet the deadline, it is sufficient to send the item before the 14-day period expires. The buyer shall bear the direct costs of the return shipment. If we have organized the delivery, we assume that the return costs are comparable to the original shipping costs. However, due to the large number of possible return methods and international circumstances, we cannot make a general statement about the amount of these costs. (c) If you meet the requirements for the right of withdrawal, we will refund the purchase price already paid and, if required by law, the usual delivery costs. However, the refund will only be made after we have received the ticket or proof of its return to us. (d) The refund will be made using the same means of payment used for the original transaction, unless expressly agreed otherwise. We do not charge any separate fees for the refund. (e) We are not obliged to reimburse you for additional costs incurred as a result of choosing a more expensive shipping method than the one we offer. Likewise, we do not reimburse any import duties or fees incurred by you in the course of returning the lot. If the loss in value of the item is due to handling that goes beyond what is necessary to check its condition, properties, and functionality, we reserve the right to deduct this loss in value from the refund. (12.2) Exercising the right of withdrawal To exercise your right of withdrawal, you must send us a clear statement of your decision to withdraw from the contract before the withdrawal period expires (e.g., by mail, fax, or email). Alternatively, you can use the following sample withdrawal form: Sample withdrawal form To: Wormser Classic Auctions GmbH I/We* hereby declare that I/we* cancel [my/our online purchase of the following goods[*]: Ordered on [*]/received on [*], Name of consumer(s): Address of the consumer(s): Signature of consumer(s) [only if the notification is made in paper form]: Place/date: [*] Delete as applicable Section 13 - Exclusions and limitations of liability (13.1) General (a) Neither we nor the seller accept liability for errors or omissions in the catalog or other descriptions of a lot. However, if we become aware of significant errors or omissions prior to the auction, we will endeavor to correct them if time permits. (b) We reserve the right to withdraw a lot at any time prior to the conclusion of the contract. You shall have no claim for liability against us in the event of such withdrawal. (c) Our online platforms are provided as a service. Participation in an auction via our online platforms generally requires a stable internet connection. Technical limitations, such as low internet bandwidth, network failures, firewalls, device conflicts, or other factors beyond our control, may affect your participation or access to the auction. Neither we nor the seller are liable for the failure or incorrect execution of bids placed via our online platforms or for any other related failures or errors, in particular if these are caused by: (i) loss of connection between you and the online platform, (ii) failure or technical malfunction of the online platform or other system services, or (iii) malfunctions of your internet connection, computer, mobile device, or technical infrastructure. (d) We shall only be liable for acts or omissions in connection with the conduct of the auction or the sale of a lot to the extent provided for in our authenticity guarantee or to the extent required by applicable law. (e) The seller shall not be liable to you for any acts or omissions in connection with the sale of a lot, unless there has been a breach of its expressly given representations or warranties. (f) Unless we are the owner of the lot offered, we shall not be liable for any breach of duty by the seller in connection with these Terms and Conditions for Buyers. (g) Neither we nor the seller nor you as the buyer shall be liable for any loss of profit, indirect or consequential damages, special or incidental damages, or punitive damages. (h) Notwithstanding the foregoing provisions in 13(1)(a) to (g), our total liability to you arising out of or in connection with the purchase of a lot shall be limited to the amount of the purchase price actually paid by you for the lot in question, unless there is intentional misconduct or fraud on our part. Section 14 - Data Protection (14.1) Your personal data will be stored and processed in accordance with our privacy policy, which is published on our website https://www.reklame-auktion.de or available on request by emailing info@classic-auctions.de. (14.2) Auctions or other events held on the (rented) premises of Wormser Classic Auctions GmbH may be filmed and the recordings broadcast on our website, on online platforms, or on social media. Telephone and online bids may be recorded at . By participating, you expressly agree to such recordings. Section 15 - Authenticity Guarantee (15.1) As the client, we grant the buyer a guarantee of authenticity in accordance with the following provisions that the lot purchased is not a "forgery." For the purposes of this guarantee, a "forgery" is a lot which, in the reasonable opinion of the experts at Wormser Classic Auctions GmbH, is an imitation made with the intention of deceiving as to its authorship, origin, date of creation, era, culture, or source, and whose correct attribution is not apparent from the catalog description. Lots are not considered counterfeit solely on the basis of damage, restoration, or alterations of any kind (including overpainting or repainting). (15.2) The guarantee of authenticity is valid for a period of five years from the date of the auction, unless otherwise stated. (15.3) This guarantee applies exclusively to the buyer and is not transferable to third parties. (15.4) To claim the guarantee of authenticity, the buyer must: (a) either (i) within three months of becoming aware of information about the possible forgery, or (ii) no later than the expiry of the guarantee period (whichever is earlier). The notification must include the lot number, the auction date, and all information available to the buyer that supports the claim; (b) return the lot in the condition in which it was delivered at the time of sale and prove that they acquired ownership of it free of any third-party rights or claims. If necessary, we may require the buyer to submit, at their own expense, two independent expert opinions from recognized experts that are acceptable to both us and the buyer. We are not bound by these reports and reserve the right to obtain a further expert opinion at our expense. (15.5) We reserve the right to reject a claim under the authenticity guarantee at our discretion if: (a) the description in the catalog at the time of the auction was consistent with the generally accepted expert opinion or explicitly indicated that there were differing opinions; (b) the determination that the item is a forgery would only have been possible at the time of the auction by means that were not generally available at that time, were disproportionately expensive, impractical, or potentially harmful to the lot; (c) the reasons for believing it to be a forgery are attributable to damage, restoration, or alterations already present at the time of sale, or are based on the fact that archives or manufacturers cannot confirm its authenticity or attribution; (d) the inaccurate description does not result in a significant loss in value of the lot. (15.6) If, in our reasonable opinion, a lot is found to be a forgery, we will cancel the sale and refund the purchase price paid in the currency of sale to the buyer. (15.7) The buyer acknowledges and agrees that the reversal of the sale and the refund of the purchase price constitute the sole remedy under the authenticity guarantee and exclude all other legal or contractual claims . Section 16 - Other Provisions (16.1) At our request, you are obliged to provide suitable proof of identity and any other information necessary to meet our requirements with regard to statutory "Know Your Customer" (KYC) requirements, sanctions regulations, money laundering regulations, or other legal obligations--or to prove your eligibility to enter into this agreement. If you are acting as a representative on behalf of a client, you must also disclose their identity and, at our request, provide appropriate evidence and information regarding your authority to represent them and the identity of your client. We reserve the right to request information about the origin of incoming funds. If we are unable to complete the relevant checks (e.g., KYC, sanctions, money laundering prevention, or terrorist financing) to our satisfaction, or if we disagree with the results at our sole discretion, we reserve the right to prohibit you or your client from participating in the auction or placing bids, to refuse to conclude a sale or to reverse it--including withholding or refunding payments made, if this appears appropriate. In addition, we are entitled to take all other legally permissible or legally required measures - without being liable to you for this. (16.2) You are personally liable for every bid you place. If you are acting as a representative, both you and your client are jointly and severally liable for all obligations and liabilities arising from this agreement. (16.3) We retain the exclusive copyright to all images and written documents created by us in relation to the respective lots. Use by third parties is only permitted with our prior written consent. We are entitled to use and publish this content at our discretion to the extent permitted by law - before, during, or after the sale. (16.4) These terms and conditions for buyers, including the authenticity guarantee, the representations and warranties made by the seller, and the indemnification provided by the seller, constitute the entire agreement between you, us, and the seller with respect to the subject matter of the contract. Any prior or contemporaneous understandings, representations, or agreements of any kind (whether written, oral, or implied) are superseded in their entirety by this Agreement. You expressly acknowledge that you are not relying on any representations, warranties, or promises outside of this Agreement and that you waive any and all rights and remedies in this regard. If any provision of this agreement is wholly or partially invalid or unenforceable, the validity of the remaining provisions shall remain unaffected. No action, omission, or delay on our part shall be construed as a waiver of contractual rights. (16.5) These Terms and Conditions are binding on you and your successors, including your estate, heirs, executors, legatees, representatives, successors, and permitted assignees. (16.6) Any assignment or transfer of your rights or obligations under these Terms and Conditions is only permitted with our prior written consent. (16.7) Notifications to us must be made in writing, quoting the reference number specified for the auction, to the relevant sales department. The reference number can be found on the Wormser Classic Auctions GmbH website or in the header of the sales catalog. (16.8) In case of doubt, only the German version of the General Terms and Conditions of Auction shall apply - the translation is provided solely as a service to international bidders. Section 17 - Applicable law and place of jurisdiction These terms and conditions for buyers and any disputes (including those of a non-contractual nature) are subject to German law and shall be interpreted in accordance with it, without regard to conflict of law rules or principles. The exclusive place of jurisdiction for all disputes arising from or in connection with these Terms and Conditions for Buyers, their subject matter or their formation, existence, negotiation or validity, termination or enforceability is Worms. If the buyer is a consumer within the meaning of ? 13 BGB (German Civil Code), the court of the buyer's place of residence or registered office shall have jurisdiction for all disputes arising from or in connection with these Terms and Conditions for Buyers, notwithstanding the above.