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DEFINITIONS AND GENERAL CONDITIONS

DEFINITIONS

1. In these conditions the following words and expressions shall have the following meaings:

‘Auctioneer’ – James Adam & Sons.

‘Auctioneer’s Commission’ – The commission payable to the Auctioneer by the buyer and seller as specified

in conditions 13 and 25.

‘Catalogue’ – Any advertisement, brochure, estimate, price list or other

publication.

‘Forgery’ – A Lot which was made with the intention of deceiving with regard to authorship, culture, source,

origin, date, age or period and which is not shown to be such in the description therefore in the Catalogue

and the market value for which at the date of the auction was substantially less than it would have been

had the Lot been in accordance with the Catalogue description.

‘Hammer Price’ – The price at which a Lot is knocked down by the Auctioneer to the buyer.

‘Lot’ – Any item which is deposited with the Auctioneer with a view to its sale at auction and, in particular,

the item or items described against any Lot number in any Catalogue.

‘Proceeds of Sale’ – The net amount due to the seller being the Hammer Price of the Lot after deducting the

Auctioneer’s Commission thereon under condition 25 the seller’s contribution towards insurance under con-

dition 26, such VAT as is chargeable and any other amounts due by the seller to the Auctioneer in whatever

capacity howsoever arising.

‘Registration Form or Register’ – The registration form (or, in the case of persons who have previously

attended at auctions held by the Auctioneer and completed registration forms, the register maintained by

the Auctioneer which is compiled from such registration forms) to be completed and signed by each pro-

spective buyer or, where the Auctioneer has acknowledged pursuant to condition 12 that a bidder is acting

as agent on behalf of a named principal, each such bidder prior to the commencement of an auction.

‘Sale Order Form’ – The sale order form to be completed and signed by each seller prior to the commence-

ment of an auction.

‘Total Amount Due’ – The Hammer Price of the Lot sold, the Auctioneer’s Commission due thereon under

condition 13, such VAT as is chargeable and any additional interest, expenses or charges due hereunder.

‘V.A.T.’ – Value Added Tax.

Cataloguing Practice and Catalogue Explanations

2. Terms used in Catalogues have the following meanings and the Cataloguing Practice is as follows:

The first name or names and surname of the artist;

In the opinion of the Auctioneer a work by the artist.

The initials of the first name(s) and the surname of the artist;

In the opinion of the Auctioneer a work of the period of the artist and which may be in whole or in part the

work of the artist.

The surname only of the artist;

In the opinion of the Auctioneer a work of the school or by one of the followers of the artist or in his style.

The surname of the artist preceded by ‘after’;

In the opinion of the Auctioneer a copy of the work of the artist.

‘Signed’/’Dated’/’lnscribed’;

In the opinion of the Auctioneer the work has been signed/dated/inscribed by the artist.

‘With Signature’/’with date’/’with inscription’;

In the opinion of the Auctioneer the work has been signed/dated/inscribed by a person other than the

artist.

‘Attributed to’;

In the opinion of the Auctioneer probably a work of the artist.

‘Studio of/Workshop of’

In the opinion of the Auctioneer a work executed in the studio of the artist and possibly under his supervi-

sion.

‘Circle of’;

In the opinion of the Auctioneer a work of the period of the artist and showing his influence.

‘Follower of’;

In the opinion of the Auctioneer a work executed in the artist’s style yet not necessarily by a pupil.

‘Manner of’;

In the opinion of the Auctioneer a work executed in artist’s style but of a later date.

‘*’;

None of the terms above are appropriate but in the Auctioneer’s opinion the work is a work by the artist

named.

GENERAL CONDITIONS

Auctioneer Acting as Agent

3. The Auctioneer is selling as agent for the seller unless it is specifically stated to the contrary. The

Auctioneer as agent for the seller is not responsible for any default by the seller or the buyer.

Auctioneer Bidding on behalf of Buyer

4. It is suggested that the interests of prospective buyers are best protected and served by the buyers

attending at an auction. However, the Auctioneer will, if instructed, execute bids on behalf of a prospective

buyer. Neither the Auctioneer nor its employees, servants or agents shall be responsible for any neglect or

default in executing bids or failing to execute bids.

Admission to Auctions

5. The Auctioneer shall have the right exercisable in its absolute discretion to refuse admission to its premis-

es or attendance at its auctions by any person.

Acceptance of Bids

6. The Auctioneer shall have the right exercisable in its absolute discretion to refuse any bids, advance the

bidding in any manner it may decide, withdraw or divide any Lot, combine any two or more Lots and, in the

case of a dispute, to put any Lot up for auction again.

Indemnities

7. Any indemnity given under these conditions shall extend to all actions, proceedings, claims, demands,

costs and expenses whatever and howsoever incurred or suffered by the person entitled to the benefit of

the indemnity and the Auctioneer declares itself to be a trustee of the benefit of every such indemnity for its

employees, servants or agents to the extent that such indemnity is expressed to be for their benefit.

Representations in Catalogues

8. Representations or statements made by the Auctioneer in any Catalogue as to contribution, authorship,

genuineness, source, origin, date, age, provenance, condition or estimated selling price or value is a state-

ment of opinion only. Neither the Auctioneer nor its employees, servants or agents shall be responsible for

the accuracy of any such opinions. Every person interested in a Lot must exercise and rely on their own judg-

ment and opinion as to such matters.

9. The headings of the conditions herein contained are inserted for convenience of reference only and are

not intended to be part of, or to effect, the meaning or interpretation thereof.

Governing Law

10. These conditions shall be governed by and construed in accordance with Irish Law.

Notices

11. Any notice or other communication required to be given by the Auctioneer hereunder to a buyer or a

seller shall, where required, be in writing and shall be sufficiently given if delivered by hand or sent by post

to, in the case of the buyer, the address of the buyer specified in the Registration Form or Register, and in

the case of the seller, the address of the seller specified in the Sale Order Form or to such other address

as the buyer or seller (as appropriate) may notify the Auctioneer in writing. Every notice or communication

given in accordance with this condition shall be deemed to have been received if delivered by hand on the

day and time of delivery and if delivered by post three (3) business days after posting.

The Buyer

12. The buyer shall be the highest bidder acceptable to the Auctioneer who buys at the Hammer Price. Any

dispute which may arise with regard to bidding or the acceptance of bids shall be settled by the Auctioneer.

Every bidder shall be deemed to act as principal unless the Auctioneer has prior to the auction, acknowl-

edged in writing that a bidder is acting as agent on behalf of a named principal.