Important information for buyers on Auction 38

- The lots are definitely awarded in the saleroom on the day of sale. The auction will take place on the 21 November, 2017 at 4:00 pm CET for lots 1-303 and 22 November 2017 at 4:00 pm CET for lots 304-557.

- Lots may be viewed at Bertolami Fine Arts in Rome, Piazza Lovatelli 1, 00186, on 16 November, 2017 - from 5:00 pm to 9:00 pm CET - and from 17 to 20  November, 2017 - from 10:00 am to 7:00 pm CET.

- Offers may be made through our website (www.bertolamifinearts.com), LiveAuctioneers (www. liveauctioneers.com) or ArsValue (www.arsvalue.com), fax, email, phone or directly at the offices of Bertolami Fine Arts. Offers made on our website can be received until 1:00 pm CET on 21 November, 2017 for lots 1-303 and until 1:00 pm CET on 22 November, 2017 for lots 304-557.

- The starting price will be the low estimate in most lots.

- In the event of matching bids on the same lots, the earliest bid will take precedence.

- In the case of only one bid on a lot, the lot will awarded at the opening price. (e.g. if the opening price is € 1.000 and the only bid offered is € 1.500, the lot will be awarded at € 1.000).

- In the case of multiple bids on the same lot, it will be awarded to the highest bidder. The calculation of the offer will be made at
predetermined increments added to the bid immediately lower than the highest received. (e.g. if the opening price is € 1.000 and customer (A) offers € 1.270 while customer (B) offers € 1.800, the lot will be awarded to customer (B) at € 1.370 (i.e. with a predetermined increment of € 100 over the immediate lower bid of € 1.270).

- The realized sale prices list will be published on the website, www.bertolamifinearts.com within five days of adjudication.

- Payment for the purchased lots may be made by the following methods:
• bank cheque or cashier’s check to Bertolami Fine Arts s.r.l. with surcharge of € 10 for foreign checks.
• credit card Visa and MasterCard are subject to a 2% surcharge on the total amount due;
• Paypal/American Express are subject to a 3,5% surcharge on the total amount due;
• Direct bank transfers in Euro may be made to Bertolami Fine Arts s.r.l. with surcharge of € 10 for outside European:
- Monte dei Paschi di Siena – Ag. 88, IBAN : IT90C0103003232000001449733 - SWIFT/BIC: PASCITM1A30
- Credito Valtellinese Agenzia 17 Roma, codice IBAN: IT20Y0521603217000000000667 – SWIFT/BIC: BPCVIT2S
- Banca CARIM, codice IBAN IT53K0628503206CC1058099203 - BIC(Swift) CRRNIT2R

- The successful bidder will pay a commission to Bertolami Fine Arts, for each lot, of 25% on the hammer price.

- All lots purchased on the Live-bidding of our website www.bertolamifinearts.com are subject to an increment of 1,5% on the hammer price. All lots purchased on the Live-bidding of ArsValue (www.arsvalue.com) are subject to an increment of 3% on the hammer price. All lots purchased on the Live-bidding of LiveAuctioneers (www. liveauctioneers.com) are subject to an increment of 5% on the hammer price.

- The successful bidder will pay to Bertolami Fine Arts the resale right (SIAE) if the hammer price is over € 3.000:
4% for the portion of the hammer price between € 3.000 and € 50.000;
3% for the portion of the hammer price between € 50.000,01 and € 200.000;
1% for the portion of the hammer price between € 200.000,01 and € 350.000;
0,5% for the portion of the hammer price between € 350.000,01 and € 500.000;
0,25% for the portion of the hammer price exceeding € 500.000

- Payment of purchased items must be made within 10 days from receipt of the invoice. If the invoice hasn’t been paid within 30 day following adjudication, will be charged a penalty of 1%/month on the amount of the unpaid invoice.

- Any customs charges and shipping costs will be charged to the buyer. In the case of unjustified contestation, by which the items are
returned to BFA, any customs and shipping costs will be payable by the buyer.