Annex Security Deposit
Explanation of Cataloguing Practice, Pictures, drawings, prints and miniatures
This Annex Security Deposit is part of the General Terms & Conditions of Venduehuis der Notarissen in The Hague.
The Venduehuis uses the following expressions with their accompanying explanations. These expressions do not take in to account the condition of the lot. We recommend buyers to inspect the property themselves. Written condition reports are usually available on request and give an impression about the condition. · Name(s) of an Artist with the date of birth and date of death (if available) In our opinion a work by the artist.
Article 1. Request for Security Deposit 1.1 In accordance with the matters discussed in article 3 of the General Terms & Conditions, Bidder can be asked to pay a security deposit. This request is on a discretionary basis, which the Auction House will not be required to further elaborate on.
1.2.
The security deposit is solely intended to protect the interests of the Buyer, Seller, and the Auction House.
1.3.
By paying the security deposit, Bidder agrees to the conditions set in this Annex.
· “Attributed to …” In our opinion probably a work by the artist (or partly by the artist).
Article 2. Payment of Security Deposit The Security Deposit can only be paid in Euros on the protected third-party bank account of Venduehuis der Notarissen in The Hague. IBAN NL12 ABNA 0608 8865 13 BIC (SWIFT) ABNANL2A Article 3. Costs and Risks The (banking) costs related to payment of the Security Deposit are to be paid by the Bidder, while the (banking) costs related to repayment of the Security Deposit to the Bidder are to be paid by the Auction House. The currency risk is always for the Bidder. Article 4. Repayment If Bidder complies with all obligations as stated in article 8 of the General Terms & Conditions, the Security Deposit will be repaid to the bank account number which the Bidder communicated to the Auction House. The repayment will be done within 15 business days after the end of the Auction. Article 5. Invocation If Buyer neglects their obligations in a manner as discussed in article 11 of the General Terms & Conditions, Auction House is, without the necessity of a notice of default, entitled to invoke the Security Deposit, with retention of all matters decreed in article 11, without prejudice.
· “Studio of…” / “Atelier of…” In our opinion a work executed in the studio or atelier of the artist.
· “Circle of…” In our opinion a work of the period of the artist and indicating his influence. · “Follower of…” In our opinion a work executed in the artist’s style but not necessarily by a pupil. · “Manner of…” In our opinion a work executed in the artist’s style but of later date.
· “After…” In our opinion a copy (of any date) of a work of the artist.
“Signed…” / “Dated…” / “Inscribed…” In our opinion the work has been signed/dated/ inscribed by the artist. “With signature…” / “With date …” / “With inscription …” / ‘’Bearing signature’’ In our opinion the signature/date/inscription appears to be by a hand other than that of the artist. The above mentioned terms and their definitions in this explanation of Cataloguing are a qualified statement as to authorship. Please consult our general terms and conditions for further information.
APPENDIX I: Sample form for withdrawal (Only fill in and submit this form if you wish to withdraw the agreement)
To: B.V. Venduehuis der Notarissen te ’s-Gravenhage Nobelstraat 5 2513 BC The Hague The Netherlands Telephone number +31 (0)70 365 88 57 (local tariff) Email: info@venduehuis.com
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• I/We* hereby inform you that I/we* withdraw our agreement regarding the Buy of the following Goods: [specification of Good]* purchased at the Online Auction on [date]*.
• [Name Consumer(s)]*
• [Address Consumer(s)]*
• [Signature Consumer(s)]* (only if this form is submitted on paper)
* Please cross out that which does not apply or fill in that which applies.
lot 156
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