Informations for E-Live Auction 54

- To participate in the award of lots, to follow the progress of the auction, or even just to check or raise last minute bids already made, you will need to register at Live Bidding. If you have already registered for a previous Live sale, you will not need to make a further recording. If you haven’t registered yet, you have to go on http://auctions.bertolamifinearts.com/la/login.php and click on the record button.

- After a few seconds without having received any increasing, the lot will be awarded to the highest bid, whether this comes from an absentee bid - an offer received on our website until 2:00pm CET of 24^th February 2018 for lots 613-1738 and until 11:00am CET of 25^th February 2018 for lots 1739-3385 or it has been Live placed.

- From 2:00pm CET of 24^th February 2018 for lots 613-1738 and from 11:00am CET of 25^th February 2018 for lots 1739-3385 will start a virtual auction which will award lot by lot considering, as a traditional auction, of all bids arrived earlier.

- The lots are definitely awarded online on the days of sale. The auction will take place 24^th and 25^th February 2018.

- The lots are available for viewing at Bertolami Fine Arts in Piazza Lovatelli 1, 00186 Rome, Italy the 20 January 2018 from 10:00am CET to 12:30pm CET and from 01:30 pm to 7:00 pm, from 19^th to 23^th February 2018 from 10:00am CET to 7:00pm CET.

- The bids may be placed through our website (www.bertolamifinearts.com), or fax, email, phone or directly to the offices of Bertolami Fine Arts. Absentee bids will be accepted until 2:00pm CET of 17^th February 2018 for lots 613-1738 and until 11:00am CET of 18^th February 2018 for lots 1739-3385.

- The minimum bid for each lot is the opening price shown in our website, lower offers will not be taken into consideration.

- 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 bid. 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 (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 in favour of 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 is 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:

- Banca CARIM, codice IBAN IT53K0628503206CC1058099203 - BIC(Swift) CRRNIT2R

- BANCA POPOLARE DI SPOLETO S.P.A IBAN: IT12X0570403209000000192600 - BIC(Swift) BPSPIT31XXX

- The successful bidder will pay a commission to Bertolami Fine Arts, for each lot, of 20% on the hammer price. All lots purchased on the Live-bidding system are NOT subject to other increments.

- 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 Bertolami Fine Arts, any customs and shipping costs will be payable by the buyer.

- Lots with more coins not shown are sold as seen and liked and are not subject to return by the buyer.

- All items are guaranteed as authentic.

- In case of discrepancies, the online version of these terms of sale prevails.