Common use of THE SALE Clause in Contracts

THE SALE. a) In order to assure the proper organisation of the sales, prospective buyers are invited to make themselves known to Artcurial SAS before the sale, so as to have their personal identity data recorded. Artcurial SAS reserves the right to ask any prospective buyer to justify his identity as well as his bank references and to request a deposit. Artcurial SAS reserves the right to refuse admission to the auction sales premises to any prospective buyer for legitimate reasons. b) Any person who is a bidder undertakes to pay personally and immediately the hammer price increased by the costs to be born by the buyer and any and all taxes or fees/expenses which could be due. Any bidder is deemed acting on his own behalf except when prior notification, accepted by Artcurial SAS, is given that he acts as an agent on behalf of a third party. c) The usual way to bid consists in attending the sale on the premises. However, Artcurial SAS may graciously accept to receive some bids by telephone from a prospective buyer who has expressed such a request before the sale. Artcurial SAS will bear no liability / responsability whatsoever, notably if the telephone contact is not made, or if it is made too late, or in case of mistakes or omissions relating to the reception of the telephone. For variety of purposes, Artcurial SAS reserves its right to record all the telephone communications during the auction. Such records shall be kept until the complete payment of the auction price, except claims. d) Artcurial SAS may accept to execute orders to bid which will have been submitted before the sale and by Artcurial SAS which have been deemed acceptable. Artcurial SAS is entitled to request a deposit which will be refunded within 72 hours after the sale if the lot is not sold to this buyer. Should Artcurial SAS receive several instructions to bid for the same amounts, it is the instruction to bid first received which will be given preference. Artcurial SAS will bear no liability/responsibility in case of mistakes or omission of performance of the written order. e) In the event where a reserve price has been stipulated by the seller, Artcurial SAS reserves the right to bid on behalf of the seller until the reserve price is reached. The seller will not be admitted to bid himself directly or through an agent. The reserve price may not be higher than the low estimate for the lot printed in the catalogue or publicly modified before the sale. f) Artcurial SAS will conduct auction sales at their discretion, ensuring freedom auction and equality among all bidders, in accordance with established practices. Artcurial SAS reserves the right to refuse any bid, to organise the bidding in such manner as may be the most appropriate, to move some lots in the course of the sale, to withdraw any lot in the course of the sale, to combine or to divide some lots in the course of the sale. In case of challenge or dispute, Artcurial SAS reserves the right to designate the successful bidder, to continue the bidding or to cancel it, or to put the lot back up for bidding. g) Subject to the decision of the person conducting the bidding for Artcurial SAS, the successful bidder will be the bidder who would have made the highest bid provided the final bid is equal to or higher than the reserve price if such a reserve price has been stipulated. The hammer stroke will mark the acceptance of the highest bid and the pronouncing of the word “adjugé” or any equivalent will amount to the conclusion of the purchase contract between the seller and the last bidder taken in consideration. No lot will be delivered to the buyer until full payment has been xxxx.Xx case of payment by an ordinary draft/check, payment will be deemed made only when the check will have been cashed. h) So as to facilitate the price calculation for prospective buyers, a currency converter may be operated by Artcurial SAS as guidance only. Nevertheless, the bidding is made in euro only and Artcurial SAS will not be liable for errors of conversion.

THE SALE. a) In order to assure the proper organisation organi- sation of the sales, prospective buyers are invited to make themselves known to Artcurial Artcu- rial SAS before the sale, so as to have their personal identity data recorded. Artcurial SAS reserves the right to ask any prospective buyer to justify his identity as well as his bank references and to request a deposit. Artcurial SAS reserves the right to refuse admission to the auction sales premises to any prospective buyer for legitimate reasons. b) Any person who is a bidder undertakes to pay personally and immediately the hammer price increased by the costs to be born by the buyer and any and all taxes or fees/expenses which could be due. Any bidder is deemed acting on his own behalf except when prior notification, accepted by Artcurial SAS, is given that he acts as an agent on behalf of a third party. c) The usual way to bid consists in attending the sale on the premises. However, Artcurial SAS may graciously accept to receive some bids by telephone from a prospective prospec- tive buyer who has expressed such a request before the sale. Artcurial SAS will bear no liability / responsability whatsoever, notably if the telephone contact is not made, or if it is made too late, or in case of mistakes mis- takes or omissions relating to the reception of the telephone. For variety of purposes, Artcurial SAS reserves its right to record all the telephone communications during the auction. Such records shall be kept until the complete payment of the auction price, except claims. d) Artcurial SAS may accept to execute orders to bid which will have been submitted before the sale and by Artcurial SAS which have been deemed acceptable. Artcurial SAS is entitled to request a deposit which will be refunded within 72 hours 48hours after the sale if the lot is id not sold to this buyer. Should Artcurial SAS receive several instructions to bid for the same amounts, it is the instruction instruc- tion to bid first received which will be given preference. Artcurial SAS will bear no liability/responsibility in case of mistakes or omission of performance of the written order. e) In the event where a reserve price has been stipulated by the seller, Artcurial SAS reserves the right to bid on behalf of the seller until the reserve price is reached. The seller will not be admitted to bid himself directly or through an agent. The reserve price may not be higher than the low estimate for the lot printed in the catalogue or publicly modified before the sale. f) Artcurial SAS will conduct auction sales at their discretion, ensuring freedom auction and equality among all bidders, in accordance accor- dance with established practices. Artcurial SAS reserves the right to refuse any bid, to organise the bidding in such manner as may be the most appropriate, to move some lots in the course of the sale, to withdraw any lot in the course of the sale, to combine or to divide some lots in the course of the sale. In case of challenge or dispute, Artcurial SAS reserves the right to designate the successful success- ful bidder, to continue the bidding or to cancel can- cel it, or to put the lot back up for bidding. g) Subject to the decision of the person conducting the bidding for Artcurial SAS, the successful bidder will be the bidder who would will have made the highest bid provided the final bid is equal to or higher than the reserve price if such a reserve price has been stipulated. The hammer stroke will mark the acceptance of the highest bid and the pronouncing of the word “adjugé” or any equivalent will amount to the conclusion of the purchase contract between the seller and the last bidder taken in consideration. No lot will be delivered to the buyer until full payment has been xxxx.Xx case of payment by an ordinary draft/check, payment will be deemed made only when the check will have been cashed. h) So as to facilitate the price calculation calcu- lation for prospective buyers, a currency converter may be operated by Artcurial SAS as guidance only. Nevertheless, the bidding is made in euro only and Artcurial SAS will not be liable for errors of conversion.

THE SALE. a) In order to assure the proper organisation of the sales, prospective buyers are invited to make themselves known to Artcurial SAS before the sale, so as to have their personal identity data recorded. Artcurial SAS reserves the right to ask any prospective buyer to justify his identity as well as his bank references and to request a deposit. Artcurial SAS reserves the right to refuse admission to the auction sales premises to any prospective buyer for legitimate reasons. b) Any person who is a bidder undertakes to pay personally and immediately the hammer price increased by the costs to be born by the buyer and any and all taxes or fees/expenses which could be due. Any bidder is deemed acting on his own behalf except when prior notification, accepted by Artcurial SASXxxxxxxxx XXX, is given that he acts as an agent on behalf of a third party. c) The usual way to bid consists in attending the sale on the premises. However, Artcurial SAS may graciously accept to receive some bids by telephone from a prospective buyer who has expressed such a request before the sale. Artcurial SAS will bear no liability / responsability whatsoever, notably if the telephone contact is not made, or if it is made too late, or in case of mistakes or omissions relating to the reception of the telephone. For variety of purposes, Artcurial SAS reserves its right to record all the telephone communications during the auction. Such records shall be kept until the complete payment of the auction price, except claims. d) Artcurial SAS may accept to execute orders to bid which will have been submitted before the sale and by Artcurial SAS which have been deemed acceptable. Artcurial SAS is entitled to request a deposit which will be refunded within 72 hours after the sale if the lot is not sold to this buyer. Should Artcurial SAS receive several instructions to bid for the same amounts, it is the instruction to bid first received which will be given preference. Artcurial SAS will bear no liability/liability/ responsibility in case of mistakes or omission of performance of the written order. e) In the event where a reserve price has been stipulated by the seller, Artcurial SAS reserves the right to bid on behalf of the seller until the reserve price is reached. The seller will not be admitted to bid himself directly or through an agent. The reserve price may not be higher than the low estimate for the lot printed in the catalogue or publicly modified before the sale. f) Artcurial SAS will conduct auction sales at their discretion, ensuring freedom auction and equality among all bidders, in accordance with established practices. Artcurial SAS reserves the right to refuse any bid, to organise the bidding in such manner as may be the most appropriate, to move some lots in the course of the sale, to withdraw any lot in the course of the sale, to combine or to divide some lots in the course of the sale. In case of challenge or dispute, Artcurial SAS reserves the right to designate the successful bidder, to continue the bidding or to cancel it, or to put the lot back up for bidding. g) Subject to the decision of the person conducting the bidding for Artcurial SAS, the successful bidder will be the bidder who would have made the highest bid provided the final bid is equal to or higher than the reserve price if such a reserve price has been stipulated. The hammer stroke will mark the acceptance of the highest bid and the pronouncing of the word “adjugé” or any equivalent will amount to the conclusion of the purchase contract between the seller and the last bidder taken in consideration. No lot will be delivered to the buyer until full payment has been xxxx.Xx case of payment by an ordinary draft/check, payment will be deemed made only when the check will have been cashed. h) So as to facilitate the price calculation for prospective buyers, a currency converter may be operated by Artcurial SAS as guidance only. Nevertheless, the bidding is made in euro only and Artcurial SAS will not be liable for errors of conversion.,

THE SALE. a) In order to assure the proper organisation of the sales, prospective buyers are invited to make themselves known to Artcurial SAS before the sale, so as to have their personal identity data recorded. Artcurial SAS reserves the right to ask any prospective buyer to justify his identity as well as his bank references and to request a deposit. Artcurial SAS reserves the right to refuse admission to the auction sales premises to any prospective buyer for legitimate reasons. b) Any person who is a bidder undertakes to pay personally and immediately the hammer price increased by the costs to be born by the buyer and any and all taxes or fees/expenses which could be due. Any bidder is deemed acting on his own behalf except when prior notification, accepted by Artcurial SAS, is given that he acts as an agent on behalf of a third party. c) The usual way to bid consists in attending the sale on the premises. However, Artcurial SAS may graciously accept to receive some bids by telephone from a prospective buyer who has expressed such a request before the sale. Artcurial SAS will bear no liability / liability/ responsability whatsoever, notably if the telephone contact is not made, or if it is made too late, or in case of mistakes or omissions relating to the reception of the telephone. For variety of purposes, Artcurial SAS reserves its right to record all the telephone communications during the auction. Such records shall be kept until the complete payment of the auction price, except claims. d) Artcurial SAS may accept to execute orders to bid which will have been submitted before the sale and by Artcurial SAS which have been deemed acceptable. Artcurial SAS is entitled to request a deposit which will be refunded within 72 hours after the sale if the lot is not sold to this buyer. Should Artcurial SAS receive several instructions to bid for the same amounts, it is the instruction to bid first received which will be given preference. Artcurial SAS will bear no liability/responsibility in case of mistakes or omission of performance of the written order. e) In the event where a reserve price has been stipulated by the seller, Artcurial SAS reserves the right to bid on behalf of the seller until the reserve price is reached. The seller will not be admitted to bid himself directly or through an agent. The reserve price may not be higher than the low estimate for the lot printed in the catalogue or publicly modified before the sale. f) Artcurial SAS will conduct auction sales at their discretion, ensuring freedom auction and equality among all bidders, in accordance with established practices. Artcurial SAS reserves the right to refuse any bid, to organise the bidding in such manner as may be the most appropriate, to move some lots in the course of the sale, to withdraw any lot in the course of the sale, to combine or to divide some lots in the course of the sale. In case of challenge or dispute, Artcurial SAS reserves the right to designate the successful bidder, to continue the bidding or to cancel it, or to put the lot back up for bidding. g) Subject to the decision of the person conducting the bidding for Artcurial SAS, the successful bidder will be the bidder who would have made the highest bid provided the final bid is equal to or higher than the reserve price if such a reserve price has been stipulated. The hammer stroke will mark the acceptance of the highest bid and the pronouncing of the word “adjugé” or any equivalent will amount to the conclusion of the purchase contract between the seller and the last bidder taken in consideration. No lot will be delivered to the buyer until full payment has been xxxx.Xx case of payment by an ordinary draft/check, payment will be deemed made only when the check will have been cashed. h) So as to facilitate the price calculation for prospective buyers, a currency converter may be operated by Artcurial SAS as guidance only. Nevertheless, the bidding is made in euro only and Artcurial SAS will not be liable for errors of conversion.

THE SALE. a) In order to assure the proper organisation organi- sation of the sales, prospective buyers are invited to make themselves known to Artcurial Artcu- rial SAS before the sale, so as to have their personal identity data recorded. Artcurial SAS reserves the right to ask any prospective buyer to justify his identity as well as his bank references and to request a deposit. Artcurial SAS reserves the right to refuse admission to the auction sales premises to any prospective buyer for legitimate reasons. b) Any person who is a bidder undertakes to pay personally and immediately the hammer price increased by the costs to be born by the buyer and any and all taxes or fees/expenses which could be due. Any bidder is deemed acting on his own behalf except when prior notification, accepted by Artcurial SAS, is given that he acts as an agent on behalf of a third party. c) The usual way to bid consists in attending atten- ding the sale on the premises. However, Artcurial Artcu- rial SAS may graciously accept to receive some bids by telephone from a prospective buyer who has expressed such a request before the sale. Artcurial SAS will bear no liability / responsability respon- sability whatsoever, notably if the telephone contact is not made, or if it is made too late, or in case of mistakes or omissions relating to the reception of the telephone. For variety of purposes, Artcurial SAS reserves its right to record all the telephone communications during the auction. Such records shall be kept until the complete payment of the auction price, except claims. d) Artcurial SAS may accept to execute orders to bid which will have been submitted before the sale and by Artcurial SAS which have been deemed acceptable. Artcurial SAS is entitled to request a deposit which will be refunded within 72 hours after the sale if the lot is not sold to this buyer. Should Artcurial Artcu- rial SAS receive several instructions to bid for the same amounts, it is the instruction to bid first received which will be given preferenceprefe- rence. Artcurial SAS will bear no liability/liability/ responsibility in case of mistakes or omission of performance of the written order. e) In the event where a reserve price has been stipulated by the seller, Artcurial SAS reserves the right to bid on behalf of the seller until the reserve price is reached. The seller will not be admitted to bid himself directly or through an agent. The reserve price may not be higher than the low estimate for the lot printed in the catalogue or publicly publi- cly modified before the sale. f) Artcurial SAS will conduct auction sales at their discretion, ensuring freedom auction and equality among all bidders, in accordance accor- dance with established practices. Artcurial SAS reserves the right to refuse any bid, to organise the bidding in such manner as may be the most appropriate, to move some lots in the course of the sale, to withdraw any lot in the course of the sale, to combine or to divide some lots in the course of the sale. In case of challenge or dispute, Artcurial SAS reserves the right to designate the successful bidder, to continue the bidding or to cancel it, or to put the lot back up for bidding. g) Subject to the decision of the person conducting the bidding for Artcurial SAS, the successful bidder will be the bidder who would have made the highest bid provided the final bid is equal to or higher than the reserve price if such a reserve price has been stipulatedstipu- lated. The hammer stroke will mark the acceptance accep- tance of the highest bid and the pronouncing of the word “adjugé” or any equivalent will amount to the conclusion of the purchase contract between the seller and the last bidder taken in consideration. No lot will be delivered to the buyer until full payment has been xxxx.Xx case of payment by an ordinary draft/check, payment will be deemed made only when the check will have been cashed. h) So as to facilitate the price calculation calcu- lation for prospective buyers, a currency converter may be operated by Artcurial SAS as guidance only. Nevertheless, the bidding is made in euro only and Artcurial SAS will not be liable for errors of conversion.