Old Masters, Nineteenth Century & Early Modern Art Nov 2025

General Terms and Conditions for Auctions of moveable items organised by B.V. Venduehuis der Notarissen te ‘s-Gravenhage, a private company with limited liability, latest version September 2025.

Hammer Price: the winning Bid for a Lot at Auction or the highest Bid during an Online Auction;

Heritage: moveable items within the meaning of the Dutch Erfgoedwet [‘Heritage Act’] of 9 December 2015 or any other heritage law;

B.V. Venduehuis der Notarissen te ’s-Gravenhage Nobelstraat 5 2513 BC The Hague The Netherlands

In Writing: in these General Terms and Conditions, the term ‘In Writing’ is also understood to mean by email or by any other means of digital communication that is regarded as equivalent to writing, given the state of the art and following the generally accepted standards;

Chamber of Commerce number: 27145264 VAT identification number: NL802493580B01

Article 1. Definitions 1.1.

Information and Heritage Inspectorate: the Inspectorate safeguarding the accessibility of central government public records and the careful handling of heritage;

In these General Terms and Conditions, the following expressions apply:

Aftersale: part of an Auction, in which the Auction House after the main Auction is allowed to sell any Lot that was not sold during the Auction itself;

Insurance Value: the amount for which the Auction House will ensure the consigned Lot, determined solely by the Auction House. The amount may be higher or lower than the Estimate; Lot: an item or several items on offer or offered at Auction or in a Private Sale;

Auction: a public sale of moveable items as defined in Section 1 of the Wet ambtelijk toezicht bij openbare verkopingen [‘Official Supervision of Public Sales Act’] of 15 December 1971, Bulletin of Acts and Decrees 748, organised by the Auction House; Auction House: B.V. Venduehuis der Notarissen te ’s-Gravenhage, a private company with limited liability, also doing business as Venduehuis, Van Stockum’s Veilingen, and Venduehuis Next Door;

Margin Scheme: the margin scheme under Part 5 of the Turnover Tax Act 1968;

Online Auction: a public sale by Auction organised by the Auction House on the Auction House’s website. In these General Terms and Conditions, the term ‘Auction’ is also understood to mean ‘Online Auction’, unless otherwise indicated;

Auctioneer: the person in charge of the actual management of the sale by Auction, working on instructions of the Auction House;

Privacy Policy: the privacy policy published on the website of the Auction House, which covers the processing of any personal details provided to the Auction House;

Broker: the person who facilitates the Transaction concluded between the Seller and the Auction House;

Private Sale: the sale of a Lot by the Auction House outside of Auction;

Reserve Price: the minimum Hammer Price agreed upon between the Seller and the Auction House;

Bidder: the person who makes a Bid in the manner prescribed by the Auction House during an Auction or an Aftersale, or who puts in a Commission Bid before the Auction;

Right of Withdrawal: the Consumer’s right to nullify a Transaction within fourteen days following the day of the Transaction, on the condition that there was no opportunity offered to view the lot before the auction;

Bid: an oral (in person or by telephone) or written Bid, or a Bid made in any other way that is acceptable to the Auction House, for instance, through the Internet or by email;

Bought-in: when a Lot is not sold by the Auction House despite Bids being made, for instance, because the Bids did not reach the reserve price;

Sale Price: the Hammer Price at the Auction, or the Sale Price of the Aftersale or Private Sale, excluding the Consigners Commission;

Buyer: the Bidder whose Bid is accepted during the Auction, or the Bidder whose Bid is accepted during an Aftersale, or the Bidder whose Bid is accepted during a Private Sale, or, in the case of an Online Auction, the Bidder whose highest Bid is accepted by the Auction House; Buyer’s Premium: Consigner’s commission payable by the Buyer, including the applicable value-added tax; Buying Price: the Hammer Price at Auction or theBuying Price in a Private Sale, plusBuyer’s Premium and any Droit de Suite royalties;

Seller: the owner or legal representative of the owner who charges the Auction House with the sale of a Lot at an Auction or in a Private Sale;

Transaction: the buying agreement entered into when the Auctioneer allocates the Lot by the hammer stroke to the Bidder, or the buying agreement entered into during an Online Auction when the highest Bid is accepted by the Auction House, or the buying agreement entered into when the Auction House accepts a Bid made during the Aftersale or Private Sale;

Vendue Next Door: the trade name of the Auction House for part of the Online Auctions, to which these General Terms and Conditions also apply;

CEO: Chief Executive Officer or General Directo;

Civil Law Notary: the Civil Law notary charged by the Auction House with the official supervision provided for in Section 1 of the Wet ambtelijk toezicht bij openbare verkopingen [‘Official Supervision of Public Sales Act’] of 15 December 1971, Bulletin of Acts and Decrees 748; Commission Bid: a Bid communicated by the Bidder, accepted by the Auction House, up to twenty-four hours before the start of the Auction, which contains the name, address, and telephone number of the Bidder and the maximum amount the Bidder is willing to pay for the Lot;

1.2. The provisions laid down in or pursuant to the General Extension of Time Limits Act (25 July 1964, Bulletin of Acts and Decrees 314) apply mutatis mutandis to the time limits laid down in or pursuant to these General Terms and Conditions.

Article 2. Applicability 2.1.

These provisions apply to all legal acts by and legal relations between the Auction House, the Seller, the Bidder, the Buyer or the Broker, which relate to an Auction, an Online Auction, Aftersale, or Private Sale carried out by the Auction House, including those concerning the Bidding and all Transactions, sales, brokerage, valuations, assessments, viewings, appraisals, cataloguing, safekeeping, and the storage. The abovementioned legal relationship between the Auction House and the Buyer is usually characterised by the Seller being represented by the Auction House, during which a direct agreement forms between the Seller and Buyer. The sole exception is when the Auction House indicates it holds partial or complete ownership of the Lot. 2.2. 2.3. Deviating provisions or any general terms and conditions of the Seller, Bidder, and/or Buyer shall only apply if and insofar as they have been expressly and in writing accepted by the Auction House, and then solely for the legal relationship for which they have been accepted. Visitors to the Auctions, Sellers, Bidders, and Buyers are notified of the applicability of the General Terms and Conditions by their publication on the Auction House’s website or elsewhere, or by an announcement or the availability of a copy before the Auction. All participants to any Auction, Online Auction, Aftersale, Private Sale, or any related activity of the Auction House thereby acknowledge full acceptance of the applicability of these terms and conditions and the Auction House’s Privacy Policy. 2.4. 2.5. The Auction House reserves the right to amend its General Terms and Conditions from time to time without prior notice. The version that applies to the Auction at hand can be found on the Auction House’s website, www.venduehuis.com, and can be consulted at the Auction venue before the Auction. In the case of conflict between these General Terms and Conditions and specific conditions that have been declared applicable to any Auction, such as an Online Auction, a special Auction, or a Private Sale, the latter will prevail. 2.6.

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Consignment: the submission of a Lot for Auction or Private Sale by a Seller. The Lots submitted by any one Seller are also collectively referred to as ‘input’;

Consignment Agreement: the agreement concluded with the Seller when they bring in items for Auctioning, quoting the name and address of the Seller, the insurance value, the Estimate, the reserve price, if applicable, and any other arrangements, such as the specific Auction at which the Lot is to be sold; Consignment Commission: Costs payable by the Seller, to which value-added tax is added, also called ‘seller’s commission’;

Consumer: the Bidder or Seller who is not acting in the performance of professional or business duties and who is protected by the provisions of Book 7 of the Dutch Civil Code;

Costs: costs payable by the Seller or the Buyer to the Auction House for services rendered, including but not limited to the applicable value-added taxes and costs for administration, insurance, research, inspections, valuation, transport, restoration, pictures, delivery, storage, input brokerage, and Buyer’s Premium;

Deposit: a financial security as discussed in art 3.5 and 3.6 of the General Terms and Conditions and the annex Security Deposit;

Digital: both digital and electronic;

Droit de Suite Royalty: a percentage of the Hammer Price plus the Buyer’s Premium, excluding value-added tax, which is owed under the Copyright Act for the sale of original works of art, i.e. a work of graphic or visual art such as images, collages, paintings, drawings, engravings, prints, lithographs, sculptures, tapestries, ceramics, glass objects, and photographs. This amount is payable by the Buyer; Estimate: an indication of the possible Hammer Price of a Lot shared by the Auction House with the Seller and the Bidders, and from which neither the Seller, nor Bidder nor Buyer can derive any rights; General Terms and Conditions: these general terms and conditions, which apply to all Auctions of moveable items organised by the Auction House, including but not limited to Online Auctions, Private Sales, or other forms of selling;

Article 3. Organisation of the Auction 3.1.

The Auction House announces the day and time of the Auction.

3.2. The Auction is held at the Venduehuis der Notarissen at Nobelstraat 5 in The Hague or at any other venue to be determined by the Auction House or on the website, www. venduehuis.com.

3.3.

The Auction House announces the Lots to be auctioned in the manner

determined by the Auction House.

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