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TAJAN is an auction house specialised in moveable property governed

by French Act n° 2000-642 of July 10th 2000 and n° 2011-850 of July

20th

2011. Tajan acts as the seller’s agent. The auctioneer is not a party to the

sale agreement, which is solely binding on the seller and the successful

bidder.

GENERAL TERMS

These general terms and conditions of sale, the sale and all matters relating

thereto are governed by French law ; the sellers, buyers and their agents

accept that the courts of Paris (France) alone shall have jurisdiction over

any legal action.

These general terms and conditions are independent.

Purchases must be made in cash and prices are stated in euros (€).

WARRANTIES

The seller warrants to Tajan and to the buyer that he/she is the undisputed

owner of the items offered for sale or that he/she has been authorised by

the undisputed owner, that the said items are not encumbered by any

claim, dispute, attachment, reservation or pledge and that he/she can

legally transfer ownership of these items.

The information included in the catalogue is prepared by Tajan with the

assistance of the Expert, if necessary, with the care required for public

auctions, subject to the notices, declarations and amendments announced.

upon presentation of the item and noted in the record of sale.

This information, including the dimensions set out in the catalogue, is

provided to help the potential buyer inspect items and must be assessed

personally by him/her. If no information on restoration, an accident,

retouching or any other incident is provided in the catalogue, the condition

reports or labels or during a verbal announcement, this does not mean that

the item is void of defects. Frames condition is not guaranteed.

Inasmuch as buyers are given the opportunity to examine works

displayed prior to the sale, no claim may be made after the sale is

complete.

Buyers may obtain a condition report on items included in the catalogue

that are estimated at more than € 1000 upon request. The information

contained in such reports is provided free of charge and solely to serve as

an indication. It shall by no means incur the liability of Tajan.

SUMMARY OF DEFINITIONS

Attributed to

: means that the work mentioned was created during

the artist’s period of production and that it is highly likely or possible (though

not certain) that he/she is the artist.

Influenced by

: the work is the painting of a contemporary artist of the

artist mentioned who was highly influenced by the master’s work.

Artist’s studio :

the work was produced in the artist’s studio, but by

students under his/her supervision.

In the style of

: the work is no longer a period work.

Follower of

: the work was executed up to 50 years after the death of the

mentioned artist who greatly influenced the author.

ESTIMATES AND RESERVE PRICES

The estimated sale price appears beside each lot included in the

catalogue. It does not include the buyer’s premium or VAT.

The reserve price is the minimum confidential price agreed with the seller.

If the reserve price is not met, the item will not be sold. The reserve price

may not exceed the lowest estimate set out in the catalogue or announced

publicly by the accredited auctioneer and noted in the auction house’s files.

If no reserve price is set, Tajan shall not incur any liability vis-à-vis the seller

if the item concerned is sold at a price lower than the lowest estimate

published in the sale catalogue.

BIDS

To bid in person, you will need to register for and collect a numbered

paddle

before the auction begins. We encourage new clients to register at

least 48 hours in advance. You will be asked for a proof of identity (bring a

driving licence, a national identity card or a passport), for your address,

telephone number and signature in order to create your account if you are

a first time bidder. In addition, you may be asked to provide bank

references.

All individuals who register with Tajan shall have the right to access and

rectify the personal data they provide to Tajan in accordance with the

French Data Protection Act of 6 January 1978, as amended by the Act of

6 August 2004.

Informations collected on the registration form is required to participate in

an auction and process the auction sale. You may exercise your right to

access, rectify or oppose subsequent processing of your personal data, by

submitting a written request to TAJAN along with a copy of your photo id

Auctions will be carried out following the order of the lot numbers as they

appear in the catalogue. Tajan is free to set the increment of each bid and

all bidders must adhere to this process. The highest and last bidder will be

the successful bidder.

In the event of a dispute during the bidding process, that is, if two or more

bidders simultaneously place the same bid, either orally or by a signal, and

each claim the item concerned when the auctioneer has declared the item

"sold", the said item will be re-auctioned immediately at the price offered

by the bidders and all those present may take part in this second auction.

Any individual who makes a bid during the sale shall be deemed to be doing

so in his/her own name ; he/she shall assume full responsibility for his/her

bid, unless he/she registered him/herself as an agent with Tajan and

stipulated that the bid was being made for a designated third party.

In the event the seller sets a reserve price, Tajan reserves the right to

propose bids on the seller’s behalf until such time as the reserve is met.

ABSENTEE BID FORMS AND TELEPHONE BIDS

Absentee

bid forms

may be submitted using the special form provided

at the end of the catalogue.

This form must be sent to Tajan no later than two working days before the

sale, together with a bank account identification slip (“RIB”) and a copy of

the bidder’s proof of identity. For significant purchases, a buyer may be

asked to provide a bank letter of credit.

If several absentee bid forms are submitted for the same item, the first

order received will take priority.

Telephone bids

may be placed by clients who cannot attend the auction.

To this end, the client must return the above-mentioned form to Tajan under

the same conditions. Telephone bidding can only be arranged for lots with

sale estimates over € 400.

As there are only a limited number of telephone lines, the necessary

arrangements must be made at least two working days before the auction.

In both cases, this is a service graciously provided free of charge to the

client. Tajan, its employees, agents and representatives shall not incur

any liability in the event of an error or omission in the execution of orders

received or the non execution of orders.

CURRENCY CONVERSION

Sales are carried out in euros. À currency conversion panel will be displayed

at certain auctions. The currency rates shown are provided for information

purposes only. Tajan shall under no circumstances be held liable for any

errors that occur in the conversion of currencies. Information provided in

euros by the accredited auctioneer alone shall be valid.

GENERAL TERMS AND CONDITIONS OF SALE