Adam's AT HOME 14th February 2023

176 DEFINITIONS 1 . In these conditions the following words and expressions shall have the following meanings: Auctioneer - James Adam and Sons trading as Adam’s. Auctioneer’s Commission - The commission pay- able to the Auctioneer by the buyer and seller as specified in conditions 13 and 25. Catalogue - Any advertisement, brochure, estimate, price 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 Auc- tioneer 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 condi- tion 25 the seller’s contribution towards insurance under condition 26, such VAT as is chargeable and any other amounts due by the seller to the Auc- tioneer in whatever capacity howsoever arising. Registration Form or Register - The registration form (or, in the case of persons who have previ- ously 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 prospective buyer or, where the Auctioneer has acknowledged pursuant to condi- tion 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 commencement 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 & 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/Inscribed - In the opinion of tile Auc- tioneer 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 Auc- tioneer a work executed in the studio of the artist and possibly under his supervision. 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 necessar- ily by a pupil. Manner of - in the opinion of the Auctioneer a work executed in artist’s style but of a later date. 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 responsi- ble for any default by the seller or the buyer. The auctioneer reserves the right to bid on behalf of the seller. Auctioneer Bidding on behalf of Buyer 4. It is suggested that the interests of prospec- tive buyers are best protected and served by the buyers attending at an auction. However, the Auc- tioneer will, if instructed, execute bids on behalf of a prospective buyer. Neither the Auctioneer nor its employees, servants or agents shall be responsi- ble for any neglect or default in executing bids or failing to execute bids. GENERAL TERMS & CONDITIONS OF BUSINESS The Auctioneer carries on business on the following terms and conditions and on such other terms or conditions as may be expressly agreed with the Auctioneer or set out in any relevant Catalogue. Conditions 12-21 relate mainly to buyers and conditions 22-32 relate mainly to sellers. Words and phrases with special meanings are defined in condition 1. Buyers and sellers are requested to read carefully the Cataloguing Practice and Catalogue Explanation contained in condition 2.