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TAJAN - 74

GENERAL TERMS AND CONDITIONS OF SALE

TAJAN is an auction house specialised in moveable property governed

by French Act n° 2000¬642 of July 10

th

2000 and n° 2011850 of July

20

th

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.

As an operator of voluntary auction sales, Tajan is subject to ethical

obligations that are regulatory according to the decree of February

21

st

2012.

GENERAL TERMS

These general terms and conditions of sale, the sale and all maters

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 (€).

Tajan may, at its option, withdraw or delay the sale partially or entirely.

WARRANTIES

ThesellerwarrantstoTajanandtothebuyerthathe/sheistheundisputed

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. In the event of a dispute concerning inter alia the authenticity or

origin of items sold, Tajan is bound by a best endeavours obligation ; its

liability may only be incurred if evidence is provided that it committed a

wrongdoing.

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 manner of, in the style of:

the work is in the style of the artist and

of a later date.

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 48hours inadvance. Youwill beaskedforaproofof 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 and/or a deposit. We may, at our option, decline to permit

you to register as a bidder. 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. Information 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’s hammer strikes, the auctioneer may, at his/her

sole option, re-auction the item 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 where the seller has set a reserve price, Tajan reserves the

right to bid on the seller’s behalf until the reserve is reached.

ABSENTEE BID FORMS AND TELEPHONE BIDS

If you cannot attend the auction, we will be pleased to execute written

telephone bids or written absentee bids on your behalf. A bidding form

can be found at the end of the catalogue. This formmust be sent to Tajan

no later than two working days before the sale, together with bank

references and a copy of the bidder’s proof of identity. For significant

purchases, you may be asked to provide financial references, guarantees

and/or a deposit. If several absentee bid forms are submitted for the

same lot, the first order received will have priority. 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 service is 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 in the non execution of orders.

CURRENCY CONVERSION

Sales are carried out in euros. A 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.