ADAM'S Fine Asian Art 25th June 2025

150 ment and collection of the lot if named the winning bidder. In the event of a tie between a bid placed by you online and any other identical bid(s) (including bids made in person at the Sale, telephone bids, absentee bids, and other internet bids), it will be at the auction - eer’s discretion as to which bid shall be accepted. Adam’s reserves the right to reject a registration to bid online, with- draw its permission for you to use Internet Bidding, or terminate an Internet Bidding account, for any reason at any time prior to, during or after a Sale without prior notice. If you choose to use the Internet Bidding service, you do so entirely at your own risk. Adam’s does not take responsibility for any issues re- garding internet bidding functionality or delays which may occur due to software or hardware complications. In the rare and unlikely event of an unforeseen technical issue occur- ring in the final stages of bidding, the auctioneer reserves the right, as per Condition 6 in our Conditions of Sale, to re-offer the lot at a later point between existing bidders. CONDITIONS 24-40 (INCLUSIVE) PREDOMINANTLY CONCERN THE SELLER Auctioneer’s Discretion 24. With regard to the sale of any Lot the Auctioneer shall have the fol- lowing powers exercisable solely in the discretion of the Auctioneer. (i) To decide whether to offer any Lot for sale or not. (ii) To decide whether a particular Lot is suitable for sale by the Auc - tioneer and, if so, to determine which auction, the place and date of sale, the conditions of sale and the manner in which such sale should be conducted. (iii) To determine the description of any Lot in a Catalogue. (iv) To decide whether the views of any expert shall be obtained and to submit Lots for examination by any such experts. (v) To determine what illustration of a Lot (if any) is to be included in the Catalogue. Seller’s Warranty and Indemnity 25. The seller warrants to the Auctioneer and to the buyer that he is the true owner of the Lot or is legally authorised to sell the Lot on behalf of the true owner and can transfer good and marketable title to the Lot free from any third party claims. As regards Lots not held by the Auctioneer on its premises or under its control the seller warrants and undertakes to the Auctioneer and the buyer that the Lot will be available and in a deliverable state on demand by the Auctioneer or buyer. The seller shall indemnify the Auctioneer and the buyer or any of their respective employees, servants or agents against any loss or damage suffered by any of them in consequence of any breach of the above warranties or undertakings by the seller. Commission 26. The Seller shall pay the Auctioneer commission at the rate of 10% on the Hammer Price of all Lots sold on behalf of the seller at Irish Art Sales and 17.5% on all other sales together with VAT thereon at the applicable rate. Minimum charges are detailed below. The seller authorises the Auctioneer to deduct from the Hammer Price, paid by the buyer, the Auctioneer’s Commission under this condition; VAT payable at the applicable rates and any other amounts due by the seller to the Auctioneer in whatever capacity howsoever arising. The seller agrees that the Auctioneer may also receive commission from the buyer pursuant to condition 22. Minimum Charges: Each individual lot is subject to a minimum fee of €25.00 plus VAT. Reserves 27. Subject to the Auctioneer’s discretion, the seller shall be entitled prior to the auction to place a reserve on any Lot. All reserves must be agreed in advance by the Auctioneer and entered on the Sale Agree- ment Form or subsequently be confirmed in writing to the Auctioneer prior to auction. This also applies to changes in reserves. A reserve may not be placed upon any Lot under €500 in value. The reserve shall be the minimum Hammer Price at which the Lot may be sold by the Auctioneer. A reserve once in place may only be changed with the consent of the Auctioneer. A commission shall be charged on the ‘knock-down’ bid for Lots which fail to reach the reserve price. Such commission shall be 5% of the ‘knock-down’ bid (Buying In Fee). This commission and any VAT payable thereon must be paid before remov- al of the Lot after the auction. The minimum commission hereunder shall be €25 per lot. The Auctioneer may in its sole discretion sell a Lot at a Hammer Price below the reserve but in such case the Proceeds of Sale to which the seller shall be entitled shall be the same as they would have been had the sale been at the reserve.Unless a reserve has been placed on a Lot in accordance with the provisions set out above such Lot shall be put up for sale without reserve. In the event that any reserve price is not reached at auction then for so long as the Lot remains with the Auctioneer and to the extent that the Lot has not been re-entered in another auction pursuant to condition 36 the seller authorises the Auctioneer to sell the Lot by private treaty at not less than the reserve price. The Auctioneer shall ensure that in such a case those conditions herein which concern mainly the buyer shall, with any necessary modifications, apply to such sale. Reserve Instructions Fixed - sell at a pre-determined value, no higher than the low estimate Discretion - sell up to 10% below the low estimate Wide Discretion - sell up to 30% below the low estimate No Reserve - sell to the highest bidder Sell - sell to the highest bidder at any amount irrespective of the Lot value Loss Warranty 28. Unless otherwise instructed by the seller, all Lots deposited with the Auctioneer or put under its control for sale shall automatically be insured by the Auctioneer under the Auctioneer’s own fine arts poli - cy for the median estimate, as determined solely at the Auctioneer’s discretion.The seller shall pay the Auctioneer a contribution towards such insurance at the rate of 1.5% of the Hammer Price plus VAT. If the seller instructs the Auctioneer not to insure a Lot then the Lot shall at all times remain at the risk of the seller who undertakes to indemnify the Auctioneer and hold the Auctioneer harmless against any and all claims made or proceedings brought against the Auction- eer of whatever nature and howsoever and wheresoever occurring for loss or damage to the Lot. The sum for which a Lot is covered for insurance under this condition shall not constitute and shall not be relied upon by the seller as a representation, warranty or guarantee as to the value of the Lot or that the Lot will, if sold by the Auctioneer, be sold for such amount. Such insurance shall subsist until such time as the Lot is paid for and collected by the buyer or, in the case of Lots sold which are not paid for or collected by the buyer by the due date hereunder for payment or collection such due date or, in the case of Lots which are not sold, on the expiry of 7 days from the date on which the Auctioneer has notified the seller to collect the Lots. Professional Indemnity Insurance 29. The Auctioneer holds PI Insurance with: Insurer’s Name: Hiscox Insurance PLC