Subasta de Pintura y Obra Gráfica

Terms and Conditions 1. The terms and conditions herein are applied to the Auctions at Galerias Louis C. Morton, SA de CV. 'Galeria' and/ or those of the catalogue which is available at the 'Galeria'. Bidding 2. That the personnel of the 'Galeria' make effective the bids on your behalf during the Auction in which you are registered and only for the pieces described herein, up to the amount put in the top limit bid. Bids limit 3. That no limit bids are permitted. Responsibility 4. That the Galerias in any case and by no means is responsible for the adjudication of the piece(s) for which you made absentee bids. One More Bid 5. That in the case that the maximum amount previously set up by you as top limit bid is equal to the last one made in the Room, you are willing to authorize one more bid in accordance to the established in the Absentee Bid Form (One more bid is authorized). In the case that the correspondent blank is not duly filled in it is understood you do not accept to come to one more bid. Assignation 6. That in the case that two or more absentee bids may appear for the same piece and for the same amount stated in the top limit bid and that there is not a higher bid in the room, the piece will be adjudicated to the Absentee Bid received first by the Galeria. 7. That the decision for the adjudication shall be expressed by the Galeria and can not be appealed, as such, you are willing to renounce from now on to any other right against the Galeria or its representatives, for any conflict or dispute that may arise for this cause. Requirements 8. That the Galeria will not make effective the Absentee Bid if the following requirements are not satisfied: a) This document should be duly filled in and signed it in agreement, indicating clearly the lot number of the piece you are interested in and established the top limit bid. b) This document should be delivered only to the authorized personnel at latest the day of the Auction in the address of the Galeria. c) To submit a deposit as a guarantee for the payment of the piece and other amounts generated by the adjudication of the piece. The deposit should be in an amount equal to and under the name of the Galerias. Payment Conditions 9. If the piece is adjudicated, to pay the price of the piece plus the twenty percent (20%) of such amount as a commission fee, plus the value added tax (16%) calculated over the commission (internet, room and telephone bids). If the payment is done with credit card or American Express, Visa, Master Cards an extra charge of a 6.6 percent will be added to the total amount to be paid as a commission fee. Bids by Telephone 10. The Absentee Bids are also welcome by telephone, previous delivery of the present document duly filled and signed, sent by fax to the Galeria at least two working days before the date of the Auction, if yours bid is $10,000 or more. Long distance calls should be done on your own. Bids online Online bids are welcome and under preregistration and authorization by a Gallery agent. Bidder should be contacted prior the auction to verifiy credit card information. A 20% commission fee from the auction house will be added to the buyer plus 3% liveauctioneers commission fee plus a 16% TAX from the comission. No exception will be made to international customer when paying 16% tax. Transport / Shipping Auction house will help arrange transportation on buyers charge. Morton Subastas will no be responsible of loss or damage of goods purchased during the auction. Goods will be sent by the shipping company provided by the auction house which has no partnership / business relation with the auction house itself. Buyer will be fully responsible for any import taxes that may come from the goods purchases during the auction by the buyer. Confidentiality 11. The information contained herein is considered confidential and the disclosure entitles to the payment of damages and losses that may arise from such fact.

1.- Conforme a la nueva Ley Federal de PrevenciÃn e IdentificaciÃn de Operaciones de procedencia IlÃcita, que se promulgà el pasado 1o de Septiembre de 2013, todos los clientes que deseen ser aprobados para participar en la subasta en lÃnea, deberÃn enviar por adelantado una copia escaneada de los siguientes documentos: 1.- IdentificaciÃn Oficial con fotografÃa (IFE, Pasaporte, VISA, Licencia de Conducir, CÃdula Profesional) 2.- Comprobante de domicilio (TelÃfono, Agua, Predial con vigencia no mayor a 3 meses) 3.- Formato de Identidad del Cliente debidamente llenado y firmado (serà proporcionado por Morton Casa de Subastas) La informaciÃn requerida serà resguardada y procesada conforme a nuestra polÃtica de privacidad publicada en nuestro Website: http:www.mortonsubastas.comspavisodeprivacidad.asp

1.- In accordance with the new Federal Law on the Prevention Identification of Operations from Illicit Resources, that came into force on September 1, 2013 all bidders must provide a scanned copy of the following documents: 1. - Official ID, with a current photo (Passport, Visa). 2. - Copy of proof of residence (not older that three months) 3. - Client Identity Format which will be provided by Morton Auction House. This information will be safeguarded processed, according to data protection law posted on our website at the following address: http:www.mortonsubastas.comenprivacystatement.asp