From William H.F. Talbot to Francesc Torres

Sale Conditions : 1st The descriptions of the lots have been carried out by experts. The tones of photographs and measures are approximate. 2th Authenticity of all lots sold through us are guaranteed to be genuine. Any claim in this respect must be brought to the attention of Juan Naranjo within 30 days of the auction date. The buyer loses all his rights on claims made later. 3nd The total adjudication price will include 20% extra in concept of accessory expenses, plus shipping and/or insurance. The delivery of the articles adjudicated will be invoiced generically, whatsoever the circumstances of place of residence of the purchaser, including VAT in compliance with the Specific Regime for used goods, works of art, antiques and collector?s items. 4rd If you are unable to attend the Auction personally, please send us your bid as soon as possible. Lots are not necessarily sold for the amount of your bid, but at the lowest possible price. For instance, it you bid euros 3.000 for a lot with a starting price of euros 1.000 and the highest bid below yours is euros 1.500 the lot will be adjudicated to you at euros 1.600. 5th Bids must be made in euros . Any bid in other currency will be changed in euros. The amount of the payments in other currency, will be subject to the daily Bank Exchange rate. Bidding scale: From 100 to 500 euros, 20 euros . From 501 to 1.000 euros, 50 euros . From1.001 to 2.000 euros, 100 euros. From2.001 to 5.000 euros, 250 euros. From 5.001 onwards minimum increase 5% 6th Paymentformailbiddersisdueuponreceiptofinvoice.Uponreceiptofpayment, we will despatch the material by mail at the buyer?s expense and risk, unless we have been instructed to do otherwise. 7th JuanNaranjoreservestherighttogrouptogethertwoormorelotsinthisAuction and to withdraw a lot or lots from this Auction at its discretion. 8th The Auctioneer will regulate the bidding. In the event of any dispute, his decision is final. 9 th The lots will be auctioned in their present condition, and no kind of claims will be accepted for restorations or damages even though the descriptions have been done very thoroughly, the buyers will have to make sure before the auction, that these descriptions correspond to their personal opinion about the lot. In any case, no claims will be accepted after 30 days of the auction date. 10th Larges lots can not be returned. 11th It is the buyer?s responsibility to make himself aware of any legal and customs regulations currently in force in Spain. 12th Payment facilities. The buyer may choose to pay 30% of the total value upon receipt of the invoice and the balance in six equal instalments over the following 6 balance months. Juan Naranjo will charge interest of 0,50% on the outstanding balance at the end of each month. The lots will remain in the possession of Juan Naranjo until full settlement of the account. The lots may be examined by the buyer in our offices within 30 days after the Auction date, after which he loses his right to claim according to our nr. 8 sale conditions. 13th The awarded lots can be fetched in our office:C/Consell de Cent, 277 2o2a Barcelona, within 15 days after the auction. 14th Juan Naranjo reserves the right of admission to the auction room as well as the right to refuse a bid order at this discretion. 15th Property of lots remain of the seller until full payment, including clearance of cheques and bills of exchange, has been received. 16th The taking-part in the Auction implies the acceptance of the present conditions. 17th Any legal proceedings concerning this Auction will be submitted to the exclusive jurisdiction of the Courts of Barcelona. 18th The Spanish Government, according to Law 9/1993 of Patrimoni Cultural Català (DOGC núm. 1897 de 11 de octubre de 1993). Art. 22 and Law 16/1985 de 25 de junio de 1985, of Patrimonio Histórico Español (BOE núm 155. de 29 de junio de 1985). Art. 38; has the right to claim any sold lot at the hammer price.