DOMINICRUBIO MOVINGBOUNDARIES
17MARCH-13APRIL2023
• FlexiPayscheme forbuyersat ourauctions
•Bespokesolutions for consignors andcollectors
•Fastdecisionsandquickdisbursals
• Flexible tenorsand repaymentoptions
•Noearlyexit feespayable
Bidforthemostdesirable artandluxurycollectibles onlineandonthemove Getnotificationsbeforethestartandendofeveryauction Viewentirecatalogueswithhighresolutionimages BrowseandbidonlineinArtianaauctionsat yourconvenience Trackyourbidsandcurrentbidstatusinrealtime ViewingGallery: P2-1A,DAMACParkTowers, DIFC,Dubai, UAE Einfo@artiana.comT+971558153030 www.artiana.com ArtianaApp AvailableforiPhone,iPadandAndroiddevices
DOMINICRUBIO MOVINGBOUNDARIES
EXHIBITION NUMBER: 231
ONLINE SELLINGEXHIBITION
MARCH 17 -APRIL13, 2023
March17,2023
6:00 p.m onwards
UAEStandard Time
April13,2023
9:00p.m.
UAEStandard Time
P2-1A|DAMACParkTowers| DIFC Dubai|UAE
+971558153030
info@artiana.com
EXHIBITIONSERVICES
P.O Box112646
Dubai|UAE
ExhibitionNumber: 231
ArtianaHelpDesk +971558153030 +971558253030
info@artiana.com
office@artiana.com
Additionalinformationonthebuyingprocessisavailableonpage36
AdditionalinformationontheFlexipayschemeisavailableonpage40
ThissellingexhibitionisconductedundertheConditionsofSaleasstipulatedin the catalogueonpage42
CopyrightNotice
Nopartofthiscataloguemaybe reproduced, storedina retrievalsystemortransmitted byany formor byanymeans, electronic, mechanical, photocopying, recordingorotherwise, without thepriorwrittenpermissionof Artiana. ©Copyright,Artiana, 2023
FrontCover:Paseo(Promenade),page25
Page2Detail:BikeRide(MotherandSon),page26
BackCover:BikeRide(FatherandDaughter),page15
ARTIANAwouldliketothankMr.JackTeoticoandhisteamatGalerieJoaquinfortheir assistanceinpreparingthiscatalogue.AllimagesfromGalerieJoaquinunlessspecifiedotherwise.
CONTENTS EXHIBITION GUIDE ABOUT THE ARTIST: DOMINICRUBIO MOVINGBOUNDARIES EXHIBITION LOTS 1-10 INDEX IT'S EASY TO BUY AT ARTIANA BUYING AT ARTIANA FINANCE AT ARTIANA CONDITIONS OF SALE ARTIANA GUARANTEE COLLECTION AND STORAGE 6 8 10 34 36 37 40 42 48 49
DOMINICRUBIO (B.1970)
DominicRubio,aFilipinocontemporaryartist, depictsFilipinocharacterswithcolossalheads andelongatednecksintraditionalFilipiniana, setinOldManila.
AfoundingmemberoftheGuevarraand BlumentrittGroupofartists,Rubiowasborn inthe1970sinPaete,Laguna,theLakeshore townfamousforitswoodcarvingtradition.He majoredincommercialartsattheUniversityof SantoTomasCollegeofFineArts.Initially, RubioworkedbrieflyatPurisLintasofManila, oneofthelargestadvertisingagenciesinthe Philippines.Later,helivedandworkedinPearl Farm,anupscaleresortinDavaodelSur.While workingasapart-timein-houseartist,Rubio wasabletotravelaroundtheCaragaRegionin NorthernMindanao,learningaboutthe MandayaandTibolitribes.Healsolivedwith theBilaansandtheBadjaosfarthersouthof Mindanao.
ThefirstdisplayofhisworksatAdinfinitum depictedanethnicFilipinaandherday-to-day choressurroundedbyalandscape,amother,and achild.Agreatshowin2003atGalerieJoaquin exploredhisfavouritesubjectofFilipino womeninthecontextofstrengthening sensibilityasshowninthefiguresandfaces fromanearlierperiodattheturnofthecentury andasuiteofupdatedportraitsrepletewith glamourfromthedistaffside.
Inrecentyears,hissignaturefiguresinturn-ofthe-centurygarbwithelongatedneckshave becomeafavouriteamongcollectorsinAsia, theU.S.,andCanada.Dubbed“peopletypes,” artcriticshavesaidthatwiththesefigures, Rubiohasshownaproudracethatcanholdits owninthecommunityofnations.
Inrecentyears,hissignaturefiguresinturn-ofthe-centurygarbwithelongatedneckshave becomeafavouriteamongcollectorsinAsia, theU.S.,andCanada.Dubbed“peopletypes,” artcriticshavesaidthatwiththesefigures, Rubiohasshownaproudracethatcanholdits owninthecommunityofnations.
Rubio’spaintingevokesatraditionalstyleof watercolourpaintingknownastiposdelpais,a secularstylepopularisedduringtheSpanish colonialperiodthatdepicteddifferentmembers ofPhilippinesociety,highlightingfinely detailedrenderingsoftheirindigenousoutfits.
ThelatestcompositionofRubiousesa panoramicbackground,whichincludesa typicalPhilippineenvironmentandcultures fromotherAsiancountries.Bytravellingwidely, hevisualisesandinternalisestherichnessand diversityofAsiancultures,whichhethen translatesintohispaintings.
HispaintingsweresoldoutattheGalerie JoaquininSingaporein2006and2016.During thistime,hismuralatthePhilippineEmbassyin WashingtonD.C.wasunveiled,fulfillingoneof hislifelongdreamsofhavingamural somewheresignificant.The8×27work,again depictinghislong-neckedcharacters,shows relevanteventsinthePhilippines-USrelations.
OneofthemosticonicFilipinocontemporary artistsofhistime,Rubio’sworkcontinuously soldoutatvariousexhibitionsinhisnative countryandabroad,fetchingtopfiguresin majorauctionhousesaroundtheworld.
MOVINGBOUNDARIES
MovingBoundariesisanonlinesellingexhibitionfeaturingrecentworksof PhilippinecontemporaryartistDominicRubio.Centredontheartist'siconic interpretationofFilipinocharacterswithcolossalheadsandelongatednecksin traditionalFilipinianasetinOldManila,theexhibitionbringstotheregionandits Filipinodiaspora;anostalgicremembranceofhomeandahomagetotheirnative country'sdiverseheritage,richhistoryandcolourfultraditions.
DominicRubio,throughhisart,exploresthedeepermeaningsandthemesthat surfacebeyondthemundanedepictionofhischaracters.Inthem,peoplefromall walksoflifemingle,promenade,andcoexistpeacefully,reflectingnotonlythe Filipinoaestheticsbutalsothetraditionalvaluesoffamilycloseness,filialpiety, pakikipagkapwa-tao (connectingwithcommunityregardlessofsocialstatus),and bayanihan (mutualcooperation).
Rubio'spaintingsevokeatraditionalstyleofwatercolourpaintingknownas tipos delpais,asecularstylepopularisedduringtheSpanishcolonialperiodthat depicteddifferentmembersofPhilippinesocietywithfinelydetailedrenderingsof theirindigenousoutfits.Yethisartisticexpressionremainshisown,honedthrough yearsofexperimentationbystudyinganddepictingethnicthemesofindigenous tribesonhiscanvases,exploringtheFilipinianasilhouetteandtraditional architecturaldesignsbeforefinallyarrivingatthestylehehassincepopularised.
WiththoroughresearchundertakenonFilipinoarchitectureandperiodcostumes, Rubiopresentsaworldofhiscreationinhabitedbyarchetypesfromvaryingsocial backgrounds,occupationsandethnicity,performingdifferingfunctionsoreven day-to-daytasks,wearingdistinctiveclothesandaccessoriesandbearingtoolsof theirtradeorconcern.Hismeticulousnessshinesthroughinhisdetailedrendering ofeachwork,withpreciselinesandcarefulbrushstrokesofvividcolours.He depictseverydaylifeinthecountryside,includingvendors,farmers,fisherfolkand cockfightaficionadostothecentrefoldinurbanareaspromenadingaboutthecity ormovingaboutintheirchosenmodesoftransportation,ifnotplayingtheir favouritemusicalinstrument.
Bytransportinghisviewerbacktonostalgicscenesofthecolonialpastwithout acrimony,Rubiohasdepictedaracethatcanproudlyholditsowninthe communityofnations.Hischaractersstandtallandholdtheirheadhigh,whether theromanticnobilityorthelabouring hoipolloi.Theyevokeasenseofpositivity, optimism,andanunderlyingmessageofharmonyanduniversality.
AsifmirroringtheFilipinosoftoday,Rubio'sartcapturedhispeople'sdeep nostalgiaforsimplertimesandoldentraditions,rememberingthedistantpast whileembracingthechangingtimesandshiftingperimetersofmodernlife,moving boundariesandsteppingintoalargerstage,theworld.
DOMINICRUBIO MOVINGBOUNDARIES
1
DOMINICRUBIO (B.1970)
Llegada(Arrival)
oiloncanvas 30x24in.(76x61cm.)
paintedin2023
DOMINICRUBIO:MOVINGBOUNDARIES 13
2
DOMINICRUBIO (B.1970)
BikeRide(FatherandDaughter)
oiloncanvas 30x24in.(76x61cm.)
paintedin2023
DOMINICRUBIO:MOVINGBOUNDARIES 15
3
DOMINICRUBIO (B.1970)
Preparación
oiloncanvas 30x24in.(76x61cm.)
paintedin2023
DOMINICRUBIO:MOVINGBOUNDARIES 17
4
DOMINICRUBIO (B.1970)
MiObraMaestra
oiloncanvas 30x24in.(76x61cm.)
paintedin2023
DOMINICRUBIO:MOVINGBOUNDARIES 19
5 DOMINICRUBIO (B.1970)
EnLaCiudad
oiloncanvas 24x36in.(61x91cm.) paintedin2023
22ARTIANA
6
DOMINICRUBIO (B.1970)
Paseo(Promenade)
oiloncanvas 30x24in.(76x61cm.)
paintedin2023
DOMINICRUBIO:MOVINGBOUNDARIES 25
7
DOMINICRUBIO (B.1970)
BikeRide(MotherandSon)
oiloncanvas 30x24in.(76x61cm.)
paintedin2023
26ARTIANA
DOMINICRUBIO (B.1970)
ElAmorEspera(LoveWaits)
oiloncanvas 30x24in.(76x61cm.)
paintedin2023
8
DOMINICRUBIO:MOVINGBOUNDARIES 27
9 DOMINICRUBIO (B.1970)
FestiveNights
oiloncanvas 30x24in.(76x61cm.) paintedin2023
DOMINICRUBIO:MOVINGBOUNDARIES 29
10
DOMINICRUBIO (B.1970)
RoyalHighness
oiloncanvas 36x48in.(91x122cm.)
paintedin2023
32ARTIANA
LLEGADA(ARRIVAL) MIOBRAMAESTRA BIKERIDE(FATHERANDDAUGHTER) ENLACIUDAD PREPARACIÓN
PG13
PG19 PG15 PG22 PG17 INDEX
FESTIVENIGHTS
PASEO(PROMENADE)
BIKERIDE(MOTHERANDSON)
ROYALHIGHNESS ELAMORESPERA
PG25
PG29
PG26
PG32
PG27
IT’S EASY TO BUY AT ARTIANA
BeforeBidding, Clientsare welcometo browsethroughourLotsandseewhat we havetooffer Artianaoffersa varietyof waystodiscovermoreaboutourLots, so makethemostof yourbrowsing:
AuctionCatalogue
Ourcataloguesareavailableonourwebsite, mobileapp, as wellasinprintform, andare agreat wayforclientstobrowsethrough upcomingsales. Ourcataloguescontainthe following:
•Imagesofthework
•DescriptionsoftheLot, includingsize, dateandage, medium, type, attribution, quantity, etc.
•Estimates, whichare givenforallLots arebasedonpricesrecentlypaidat auctionor averagemarketvaluefor comparableproperty Theytakeinto accountrarity, condition, quality andprovenance
ConditionReports
ConditionReportssupplementthe cataloguedescriptionandprovideguidance ontheitem’scondition Theseareavailable uponrequest.
OurSpecialists
Wehavein-houseauctionspecialistswho willalwaysbehappytodiscussanitemin greaterdetail. Justcontactour Auction HelpDeskat+971558153030| auction@artiana.com
ViewingGallery
Artianaisaclick-and-mortarhybridand hasaviewinggallerylocatedinDubai, UAEand we wouldalwaysrecommend comingtotheauctionviewingsand lookingatanitemforyourself.
InordertoBid, users must first registeronour website, SignInwiththeir ArtianaID, and request Biddingaccessforthesaleinwhichtheyare interested. Oncetheir requesthasbeenapproved, users canproceedtoBid Artianaoffersyoueaseand flexibility byprovidingthree waystoBidona desiredLot:
OnlineBids
OnlineBiddingallowsyoutodirectlyparticipatein theauctionthroughtheArtianawebsiteormobileapp in realtimeandfromanywhereinthe world All you havetodoisclicktoBidwherever youmaybe. YouwillbeabletotrackyourBidsthroughthe websiteandwillbealertedifyouhavebeenoutbid. Visitwww.artiana.comtofindoutmore.
Proxy/MaximumBids
ThesearesuitableforthoseBidderswhoarenot availabletofollowtheBiddingprocess, or would simplyliketoreserveamaximumBidonaLot. TomakeaProxyBid, you mustentertheMaximum amountthat you wouldliketoBidonaLot, andour auctionsoftwarewillBidonyourbehalfuptothis amount. If youaretheonlypersontoBidonthe selectedLot, then youwillpurchaseitatthelowest possibleprice(theReservePrice).
Written/AbsenteeBids
ThesearesuitableforthoseBidderswhomaynotbe availableduringtheauction, or wouldprefertohave anArtianarepresentativecompletetheonline transactionontheirbehalf Once youhavecompleted the Written/AbsenteeBidsform, wewilleitherBid onlinedirectlyorplacea‘ProxyBid’ onyourbehalf, allowingourauctionsoftwaretoBiduptothis amount. If youaretheonlypersontoBidon your Lot, then youwillpurchaseitatthelowestpossible price(theReservePrice).
Formoreinformation, please refertothe Written/ AbsenteeBidsforminthiscatalogueorcontactour AuctionHelpDeskat+971558153030| auction@artiana.com
Congratulations!Youholdthe WinningBidandaretheSuccessful Bidder Once youhavepaidfor your purchase, deliverycanbearranged.
NoBuyer’sPremium ArtianadoesnotchargeanyBuyer’s Premiumoverandabovethe WinningBid. ‘What YouBidIs WhatYouPay’.
Payment AstheSuccessfulBidder, youwill onlypaythe Winningbidamount, alongwithanyapplicablechargesfor additionalservicesavailedandVAT ifapplicable Paymentsforinvoices arerequiredtobecompletedwithin aperiodofsevenbusinessdaysfrom thereceiptoftheinvoiceviaemail. Refertothe ‘Buyingat Artiana’ guide inthiscatalogueformoredetails. If youhaveanyfurtherquestionsplease contactourHelpDeskat+97155 8153030|info@artiana.com
Storage
PurchasedLotswillinitiallybeheld forcollectioneitheratArtiana’s viewinggalleryorattheshipper’s warehousefor15 businessdaysatno charge, afterwhichadailystorage chargewillbeimposed.
Delivery Wecanhelpyouwithallyour deliveryandshippingrequirements whetherlocalorinternationalfreight. Pleaserefertothe‘Storageand collection’ pageinthiscatalogueor contactourHelpDeskon+97155 8153030|info@artiana.com
1
2 BIDDING
PAYING AND
IT HOME
BROWSING
3
TAKING
36ARTIANA
BUYING AT ARTIANA
Estimates
•Estimatesarebasedonpricesrecentlypaidatauctionor averagemarket valueoftheLotasdeterminedbyArtiana’sspecialists.
•TheseEstimatesareprepared wellinadvanceofthesaleandaresubjecttorevision.
•Estimatesareprovidedonlyasaguideforbuyersandshouldnotbe reliedonasapredictionofactualprice.
Reserves
•TheReservePriceistheminimumpriceatwhichtheLotshallbesold.
•TheReservePriceisconfidentialandwillnotbedisclosed.
•TheReservePriceisalwayslowerorequaltolowestimate.
CustomsDuty, Buyer’sPremiumand ValueAddedTax
•Customsdutyof5%willbeapplicableforGCCwidedeliveryofcertainLotsthathavebeentemporarilyimportedintothe UAEfor re-export. TheseLotswillbeidentifiedinthecatalogueaccordingly.
•ArtianadoesnotchargeanyBuyer’sPremium.
•NotaxesareapplicableonpurchasesfromRestofWorldanddesignatedVATexemptfreezones.
• Value Added Tax(VAT)of5%willbeapplicableon Artiana’sinvoiceonanyandallpurchasesfromwithintheUAE,exceptingdesignated VATexemptfreezones.
Pre-Auction Viewings
•Pre-auctionviewingswillbeheldatArtiana’sviewinggalleryinDubaiatthedatesandtimesprintedinthefrontofthecatalogue.
•Artiana’sauctionspecialistswillbe availabletoprovideadvice regardingLotsondisplay.
•Artianaencouragesprospective buyerstoexamineLotsthoroughlybeforetheauction.
Pre-Registration&Bidding Access
•ProspectiveBiddersareaskedto registerwithusbeforeBidding Thissimple, one-timeprocesswillallowuserstocreateaunique ArtianaIDand password, whichwillbe requiredinordertoBidinallourauctions.
•Aftercreatingan ArtianaIDandpassword, prospectiveBidderswillstillneedto requestforBiddingaccessforaparticularLot byclickingonthe ‘RegisterforSale’ button.
•BidderswillstillneedtorequestforBiddingaccessforaparticularLotbyclickingonthe‘RegisterforSale’ button.
•Oncethis requesthasbeenprocessed bythe Artiana AuctionDesk, theBidderwill receiveanemailconfirmationofBiddingaccess.
•Inthe eventthatadditionalinformationis requiredforapproval, theBidderwillbedirectlycontacted byan Artiana representative.
•Pleasenotethatifthisprocesshasnottakenplace, youshallnotbe grantedBiddingaccess.
•ItisrecommendedthatallBiddersregisteratleast24hoursbeforetheauction.
PersonalisedNotifications
•Aftersigninginto Artianaandaccessingthe ‘My Account’ page, youmayselectartistsofinterestand requesttobenotifiedwhentheybecome availableatauction.
Proxy/MaximumBids
•ProxyorMaximumBidscanbeplacedonanyLot bygoingto ‘Upcoming Auctions’ or ‘Current Auctions’, selectingthecatalogueofinterest, andclickingthe ‘ProxyBid’ buttonnexttotheLotonwhich youwishtoBid.
•Pleasenotethat you mustbe registeredandSignedIntoplaceaBidatanytime.
Written/AbsenteeBids
•Writtenor AbsenteeBidscanbeplacedonanyLot bycontactingthe Artiana AuctionDeskinperson, or byemailatauction@artiana.com.
• Youmayplace a Written/ AbsenteeBid by fillingout, signingandsubmittingthe Written/ AbsenteeBidsform availableonlineandinthe printedcatalogue.
•Itis recommendedthatallBidscomeinatleast12hoursbeforethefirstClosing Timeofthe Auction.
StartingBid
•StartingBidisthevalueatwhichtheauctionhouseopenstheBiddingoneachLot.
•StartingBidcansometimesbelowerthanthe valueofthelowerestimate.
BiddingOnline
•Once youaresignedinand grantedBiddingaccess, youmayproceedtoBid.
•After youhaveidentifiedtheLotonwhich you wouldliketoBid, clickon ‘PlaceBid’ andconfirm yourBidatthenext validBid valuelisted.
•Now, youwillbeabletoparticipateintheBiddingprocess byenteringthenext validBideachtime youareout-bid.
•EachnewBidwillincreaseinstepsorincrements overtheprevious validBid.
DOMINICRUBIO:MOVINGBOUNDARIES 37
BiddingIncrements
•BiddingIncrementswillbecalculatedasshownintheBidincrementtableinthiscatalogue.
BidHistory
•AllLotshaveBidHistory available, whichcanbeviewed byclickingon ‘ViewBidHistory.’
•BidHistoryindicatesthevaluesrecordedforeachLotsincethestartoftheauction.
•BidHistorywillnotbedisplayedoncetheauctionhasclosed.
AuctionClosingSchedule
•PredeterminedgroupsofLotswillclosesimultaneouslyinLotorderevery30minutes.
•IfaBidisplacedwithinthelast5minutes, thetimeronyourscreenwillbeextendedto5minutesafterthescheduledClosing TimeoftheLot.
•Thetimerwillcontinuetobeextendedin5minuteincrementsforanyBiddingreceivedinthe5minutespriortothenewClosing Timeof suchLot.
•Aswithatraditionalauctionhouse, BiddingwillcontinueoneachLotuntilthereisnomoreinterestinthe room.
•Formoreinformationontheclosingtimesforthissale, pleaserefertotheAuctionClosingScheduleinthecatalogue.
Winning/SuccessfulBid
•WinningorSuccessfulBidisthelastandhighestBidatwhichtheLothasclosed.
•NonewBidscanbeplacedafterthecloseofaLot.
•TheclosingBidisconsideredthe WinningBidonlyiftheBidexceedstheReservePrice.
•Artiana reservesthe righttopublishall WinningBidsonthe websiteafterthecloseoftheauction.
CurrencyofBiddingandInvoicing
•AllBidsareplacedinUSDollars(USD).
•AllInvoicesareraisedinUSDollars(USD).
• Payments receivedin UAEDirhams(AED)willbeconvertedtoUSDasper Artiana’sstandardconversionrateof1USD=3.675 AED.
• Payments receivedinanyothercurrencywillbeconvertedtoUSDasperthebank’ssheetrateonthedayoftransaction.
BidCancellation
•OnceanyBidhasbeenplaced, itcannotbecancelled.
•ArtianareservestherighttocancelanyBidsinordertoprotecttheefficacyoftheBiddingprocess.
AftertheSale
•IfaBidderissuccessful, heshallbeinformedviaemailaftertheauctionhasclosedandwillalsobeabletoviewhiswinningBidsunder ‘SuccessfulBids’ onthe ‘My Account’ pageonthe website.
•TheBidderwillthenreceiveanemailwiththeinvoicefortheLot.
•IfaBidderisthewinningBidder, heislegallyboundtopurchasetheitemfrom Artiana.
•Pleasenotethatpurchaseswillnotbeshippedoutuntilfullpaymenthasbeenreceivedandcleared.
Invoicing& Payment
•Alldetailsfortheinvoicearetobeprovidedand verifiedpriortotheauction.
• Foranyandallclientsand/ortransactionsfromRestof Worldexceptthe UAEinvoicingandpaymentsareprocessed by ArtianaLimited, a companydulyincorporatedundertheRAKICCBusinessCompaniesRegulations2016bearing registered numberIC20120900; andforany andallclientsand/ortransactionsfromwithinthe UAEinvoicingandpaymentsareprocessed by ArtianaLimited, acompanydulyincorporated undertheDubaiInternationalFinancialCentrebearingregisterednumber2249.
•Afterthesale, theBuyer, asinvoiced, is requiredtopaytheamountinfull(includingthe WinningBid, VATand anyapplicablechargesfor additionalservicesavailed).
•Buyerswillbe requiredtocompletepaymentwithinaperiodofseven businessdaysfromthe receiptoftheinvoiceviaemail.
•ArtianashallonlyreleaseLotsoncethepaymentismadeinfull.
•Bank Transfer: YoumayelectronicallytransferfundstoouraccountinUS dollars Whendoingso, pleasequotethesaledetailsalongwiththe Lot numberandinvoice numberasthe reference Forpaymentsmade bybanktransfer, allbankchargesarepayable bythe remitter.
•CreditandDebitCards: Visa andMastercardonly PleasenotethatasArtianadoesnotchargeany Buyer’sPremiumtotheBuyer, forany paymentsmade byCreditorDebitCardsaservicechargeof3%onthetotalinvoiceamountwillbechargedtotheBuyer Itmaybeadvisableto notify yourcardproviderof yourintendedpurchaseinadvanceto reducedelayscaused byushavingtoseekpaymentauthorisation.
Delivery/CollectionofPurchase&Insurance
•Priceestimatesand/orthe WinningBidpricedonotincludeanypacking, insurance, shippingorhandlingcharges, allofwhichwillbeborne by theBuyer.
•Workswillbeshippedwithin7daysofthepaymentbeingcleared.
•ArtianaoffersfreedeliveryinDubaiandcan recommendouraffiliatedshippingcompanyfordeliveriesoutsidethe UAE. Formoreinformation, pleaserefertothe‘StorageandCollection’ pageinthiscatalogue.
38ARTIANA
•Alternatively, Buyersmaychoosetocollecttheirpurchasefrom ArtianainDubaiwithin15daysfromthedateofthesale.
•Buyerswhohavenotcompletedpaymentformalitieswillbechargeddemurrage@2%permonthonthe valueoftheartworksandthecharges forstorageoftheproperty.
•ArtianaprovidesinsurancecoverageonsoldLotsforsevendaysaftertheClosing Timeoftheauction Afterthatperiod, oronceaLothasbeen collected(whicheverisearlier), theLotwillbeentirelyatthebuyer’srisk.
Participateinournextauction
•If you wouldliketostayinformedof Artiana’supcoming events, please registerwithusonlineatwww.artiana.com
Consignforournextauction
•If youareinterestedinconsigning worksfrom yourcollectiontoournextsale, pleasecontactusatthe Artiana AuctionDeskon +971558153030|auction@artiana.com
• Fullyclimate controlledartstoragefacility
•In-housearthandlingtruck fortransportation
•Bespokecollectionmanagementservices
• Locatedinthesafeand convenient jurisdictionofDubai International Financial Centre(DIFC)
• Assetsstoredaregoverned byacommonlawframeworkwithlawsand regulations issuedinEnglish
DOMINICRUBIO:MOVINGBOUNDARIES 39
FINANCE AT ARTIANA
WhatisArtianaFineArtFinance?
ArtianaFineArtFinanceisourart financeadvisorydivision Leveraginguponthestrengthofourauctionhouseplatform, wespecializein financingsolutionsthatcatertoboth—buyersinourauctionsas wellasotherswhocanborrowagainst blue-chipIndianart works.
Whatservicesdoes ArtianaFine ArtFinanceprovide?
Weprovide financesolutionstoconsignorsandFlexiPayoptionsto buyersatourauctions, andarrangeadvancessecuredagainstIndian fineartat competitiveinterestrates. Ourbespoke financesolutionsprovide financingforfreshacquisitionsorexistingcollections.
WhatisFlexiPay?
Buyersatourauctionscan availofourFlexiPayschemetopayforthelots won bythemsubjecttoeligibility, andsecuringapre-approvalbefore theauction. BiddersintendingtouseFlexiPaytopayfortheiritemsshouldcontacttheauctiondeskbeforetheauctionwithdetailsofthetotal anticipatedamountandspecificlot/sthat wouldbe requiredtobecovered bytheFlexiPayschemeincasethebidsaresuccessful TheFlexiPay schemecoversupto80%ofthelowerestimate valueofthelotsexcludinganytaxesand/orlevies, andthebalanceamount overandabovethe amountcovered bytheFlexiPayschemehastobesettledwithinthe regular timelineasmentionedintheinvoice Theitem/s remaininthe custodyof Artianatillallamountsdueundertheschemeandanyotherincidentalchargesareclearedinfull bythebuyer.
WhatisthetenorandchargesfortheFlexiPayscheme?
Themaximumamountcovered bytheFlexiPayschemeisupto80%oflowerestimate valueofthe respectivelot, whichcanbedividedintoequal paymentsrangingfrom3to12monthsandtheservicechargespayablefor availingtheschemeisaflatrateof12% p.a. proratedasperthepayment tenor ThereisnoarrangementfeeorstoragechargesapplicablewhereasinsurancechargesarebilledatactualstoallFlexiPayclients.
Why financeorborrowagainstart?
Byfinancingtheirpurchasesat Artianaauctions, clientscantakeadvantageofopportunity buysandscheduleadelayedorinstallmentpaymenton theiracquisitionsbasedontheircash flows. Byleveragingexistingartworks, ourclientsoptimizetheuseandenjoymentoftheircollection, while unlockingequityandallowingfurtherportfoliodiversification.
WhattypeofartdoesArtianaFineArtFinanceacceptascollateral?
Wewillconsiderindividualartworksandcollectionsof blue-chipIndianfineartascollateral Artworks mustbefreelymarketableandproduced by prominentartistswithanexistingtrackrecordinthesecondarymarket.
Whatistheartworkevaluationprocessforexternalartcollateral?
Weareanauctionhouse, andofferadvisoryservicesonahighlyconfidentialbasisto evaluateartworks Theindividualartworkorcollectionwill beestimated byusasiftheyarebeingproposedforauction, andtheadvanceagainsttheseitem/swilltypicallybe50%ofthelowerestimate value offered byus Wewillalso requireanindependentinspection byaconservator.
WhatLoan-To-Value(LTV)doesArtianaFineArtFinanceofferagainsttheartworks?
Wewilltypicallyadvanceupto80%ofthelowerestimate valueofartworkspurchasedatourauctionsorupto60%oftheappraised valueofthe proposedexternalartcollateral.
WhataretheadvancesizesthatArtianaFineArtFinanceoffers?
WearrangeadvancesstartingatUSD50,000andcanassistinsecuringadvancesofsubstantiallylargeramounts. For buyersatourauctions wecan offerareducedthresholdonacase-to-casebasis.
Howlongdoesthedisbursaltake?
Theapprovaldependsonthelocationoftheartworksandtheclients’ art ownershipstructure However, ourdomainexpertiseandlarge, liquid balancesheetsofourfinanciersallowustocompletetheprocessmorequicklythantraditionaloperators.
Doourclientsretainpossessionoftheirart?
No, we requirethattheartworkbeheldascollateralinourartstorage facilitytilltheadvancehasbeenfullypaidbacktoour financier.
Willtheartworksbeinsuredduringthetermtheyareheldascollateralinstorage?
Throughoutthetermthattheartworksareheldascollateraltheywillbeinsuredatdoubleoftheadvanceamount, tocoverthefull valueoftheart asset Thepolicywillbeassignedtousfordistributingtheamountsasstipulated, betweentheclientandfinancier Theinsurancecoverstheitems rightfromthetimeofcollection, duringstorageuntilthe finalhandover.
Whoownstheartworksduringthetermtheyareheldascollateralinstorage?
Theartworks remaintheclients’ propertyduringtheentirestorageperiod.
WhataretheadvantagesofArtiana’sFineArtFinancecomparedtoatraditionalbankloan?
Ouradvancesofferflexibilityanda variabletenorsupto24monthswithano-chargeearlyexitoption. Unlockingequityand receivingliquidity withoutcumbersomedocumentationandcreditapprovalprocess Thereisnopersonalliability, thecollateralizedartworksarethesoleguarantee towardstheadvance(non recourse).
40ARTIANA
Whataretheearlyexitoptionsbeforeexpiryoftheagreedtenor?
Clientscan requestanearlyexitbeforetheexpiryoftheagreedtenor by giving30daysnoticewithoutanyexitchargesbeingpayable Any advanceservicechargescollectedinsuchcaseswillbenon-refundable.
Whatarethechargesandcostsfortheserviceandadvance?
ArtianaFine ArtFinancewillchargeanarrangementfeeof2%oftheadvanceamountsarrangedagainstexternalartassets, thisfeeis waivedfor financearrangedagainstpurchasesmadeinourauctions. Dependingonthe value, tenorandtermsoftheadvancethechargesarecalculatedat typically15% p.a., payablequarterlyinadvancefor fixedmaturitypayments, andata flatrateof12% p.a. formonthlyinstallmentpayments.
Thechargesaresetatthestartofthe facilityand fixedfortheentiretenor Therearenoadditionalcostsfor evaluationandstorage, insurance coverisprocured by Artianatocoverthefull valueoftheassetandbilledatactualstotheclient.
• FlexiPayscheme forbuyersatourauctions
•Bespokesolutions for consignorsandcollectors
•Fastdecisionsandquickdisbursals
• Flexible tenorsand repaymentoptions
•Noearlyexit feespayable
DOMINICRUBIO:MOVINGBOUNDARIES 41
CONDITIONS OFSALE
Artiana: Artiana referstoour relevantcorporateentityactingasa representativeofeitheritself, anyofitsaffiliates, assignsoranyof itsSellers.
• Foranyandallclientsand/ortransactionsfromRestof Worldexceptthe UAE: Refersto ArtianaLimited, acompany dulyincorporatedinRAKInternationalCorporateCentre- UAE, bearingregistrationnumberIC20120900.
• Foranyandallclientsand/ortransactionsfromwithinthe UAE: Refersto ArtianaFZE, acompanydulyincorporated intheHamriyahFreezone-UAE,bearingregistered number19542. (DesignatedVATexemptfreezoneswithintheUAEaredeemedas RestofWorldregion)
ArtianaServer: Thesystem(s)thatprovidescomputerdeviceswith accessto resourcessharedoncomputernetworks, including Artiana data, applicationfilesandprinters.
Auction: AnauctionofProperty(ies)/Lot(s)tobeconducted by Artianaonwww.artiana.comoranyother websiteonthedate indicatedintheAuctionCatalogue.
AuctionCatalogue: Thecatalogueaspublished by Artiana, whether inprint, ontheMobile Application, oronthe Website, includingthe Print AuctionCatalogue, theMobileApp AuctionCatalogue, the Online AuctionCatalogue, andtheeCataloguewith respecttoan Auction, containingdetailsoftheAuctionalongwiththedescription, priceandotherdetailsofPropertiestobeofferedforsaleatsuch Auction. IncaseofanydiscrepancybetweenthePrint Auction Catalogue, theMobileApp AuctionCatalogue, theOnline Auction Catalogueand/ortheeCatalogue, theOnline AuctionCatalogue, as modified by Artianafromtimetotime, shalltakeprecedence.
AuctionClosingSchedule: Theschedulespecifyingtheclosing timesforBidsforeachLottobesoldthroughtheAuctionas specifiedintheAuctionCatalogue.
Bid: Thepriceoffered byaBiddertopurchaseaparticularProperty offeredforsaleatanAuction.
Bidder:A personmakingaBidforthepurchaseofoneormore Property(ies)offeredforsaleatanAuctioninaccordancewiththe termsandconditionssetoutintheConditionsofSaleandsuch personshallbedeemedtohaveenteredintoallapplicablecontracts underthegoverninglaw.
Buyer: TheBiddermakingthe WinningBidwith respecttoa Property(ies), whohastherebyagreedtopay/haspaidtheSalePrice payablewith respecttosuchProperty(ies).
ClosingDate: Thedatespecifiedinthe AuctionClosingSchedule onwhichtheAuctioncloses.
ClosingTime: ThetimeatwhichtheAuctionforanyoftheLot GroupslistedintheAuctionClosingSchedulecloses.
ConditionsofSale: TheConditions, whicharepublishedinanyof the AuctionCataloguesandareapplicableto everyBidand everysale ofPropertymadethroughan Auction. Incaseofaconflictbetween theConditionspublishedintheOnlineAuctionCatalogueandinthe Print AuctionCatalogueoreCatalogue, theOnline Auction
Catalogue version, asmodified by Artianafromtimetotime, shall takeprecedence.
Cultural Artifacts: Antiquitiesanditemsofhistoricalinterestor significancedesignatedasCulturalProperty.
Description: AllthedetailsofaPropertyassetoutinthe Auction Catalogueandmayinclude, withoutlimitation, thenameoftheartist, designerormanufacturer, thetitleoftheProperty, andthefollowing additionaldetails.
• ForArtworks: Thesignatureoftheartist/dateoftheProperty(if any), thesurface, medium, editionnumber(whereverapplicable) anddimensionsoftheProperty.
• ForPreciousObjects: Anyotherfeaturesorcharacteristicsofthe PropertymentionedintheAuctionCatalogue.
eCatalogue: Anelectronic reproductionofthePrint Auction Cataloguethatmaybemade availableonthe Websiteforcertain auctions.
LotGroups:TheProperties groupedtogetherforAuctionthatwill closeataparticulartime.
MobileApplication: ReferstoArtiana’sproprietarymobileauction application, asupdatedfromtimetotime, and availablefordownload fromthe Apple AppStoreorGooglePlay, forthepurposeofviewing the AuctionCatalogue, placingBids, viewing Auction results, accessingotherinformation relatedto Artianaorthe Auction, and receivingpushnotificationsonamobiledevice.
MobileAppAuctionCatalogue: ThescreenswithintheMobile Application relatingtothe Auction, asmaybeamendedfromtime totime.
Notices: Informationincludedinthe AuctionCatalogue by Artiana -whetherinprintoronlineorontheMobileApplication-to correcterrorsandomissionsintheAuctionCatalogue Although theseareprovidedfortheBidders’ convenience, theOnline Auction Catalogue, asmodified by Artianafromtimetotime, shalltake precedenceinallcasesofdiscrepancy.
OnlineAuctionCatalogue: Thewebpagesonthe Websiterelating tothe Auction, asmaybeamendedfromtimetotimeincluding web pagesaccessibleviathelink “AuctionCatalogue” (includingallpages providingdetails relatedtotheProperty(ies)), as wellasadditional pagescontainingdetailsoftheAuctionaccessibleviathelink“About theAuction.”
PreciousObjects: Jewellery, watches, loosepreciousstonesandany otherobjectsofferedforsalewithinthecontextofanAuction. Print AuctionCatalogue: Theprinted versionofthe Auction Catalogue.
Property/Lot: TheArtworks, PreciousObjects, andanyotheritems offered by Artianaforsale, eitherindividuallyorcollectively(asa singleunit), throughthe Auction.
ProxyBid: ReferstoanyProxy/MaximumBidplaced bya buyer onthe WebsiteauthorisingtheauctionsoftwaretoautomaticallyBid onhisbehalf, untilsuchMaximumamountis reached.
ReservePrice:Theminimumprice, asdetermined by Artianaand theSeller, acceptableforthesaleofthePropertythroughan Auction. Seller: ThepartyconsigningthePropertytoArtianaasitsagentfor salethroughAuction.
42ARTIANA
TechnicalDowntime: ThetimeperiodduringwhichtheArtiana Serverorthe Websiteisnotoperationalduetoamalfunctionor plannedmaintenance.
TermsofBusiness: Thetermsofbusinessexecutedbetween ArtianaandtheSellerincludingbutnotlimitedtotheconsignment agreement.
Website: ThecollectionofHTMLand/orinternetdataandmedia locatedattheURLwww.artiana.comand/oranyotherURLlinked tothe Website.
WinningBid/SalePrice: ThehighestBidofferedwithrespecttoa PropertyattheClosing Time, wherethe WinningBidshalleitherbe higherthanorequaltotheReservePrice.
WinningBidder: TheBidderwhohasplacedthe WinningBid.
WrittenBid: Referstoany Written/AbsenteeBidrecordedwith Artianauponsubmissionofthecompleted Written/AbsenteeBids formatleast12hoursbeforethefirstClosing Time.
Byparticipatinginthis Auction, youacknowledgethat youarebound bytheConditionsofSaleaslistedbelowandonthe Website.
2.1. Artiana’s roleastheagentoftheSeller:Artianaundertakestosell thePropertiesthroughAuctionastheagentforandonbehalfof theSeller.
2.2. MakingaBidconstitutesanirrevocableoffertopurchasethe Property, andtheacceptanceofaBidasthe WinningBid by Artiana shall resultinanenforceablecontractofsalebetween Artiana, acting solelyastheagentoftheSeller, andthe WinningBidder.
2.3. Artianaisauthorised bytheSellertoexerciseitscomplete discretionin:
•determiningtheformandcontentoftheDescriptionsinthe AuctionCatalogue, •grantingBiddingaccesstoaBidder, • recording, rejectingoracceptingBids, and •decidingwhichBidconstitutesthe WinningBid, ifany.
(BiddingaccessshallbegivenatArtiana’sdiscretionandArtianamay setlimitsonthetotalvalueofallBidsmadeand/orthenumberof Bidsthatmaybemade byaBidder Artianamayalso requirepayment guaranteesand/ordepositsasaconditionprecedenttogivingBidding accesstoaBidder Bidderswillbeinformedofthelimitsonthetotal Bid valueand/orthenumberofBidsthattheymaymake, ifany, and willnotbeallowedtoBidfurtherifeitherofsuchBiddinglimithas beenexhausted. Bidupdatesandtimeextensions, ifany, shallbe updatedonthe WebsiteandMobile Application. Onboththe Website andtheMobile App, Biddersmay refreshtheirBiddingpages by clickingonthe “RefreshNow” iconorthe re-load/refreshbuttons ontheirbrowsers, whereapplicable Artianashall evaluatetheBid historiesofspecificLotGroupsperiodicallytopreservetheefficacyof the Auctionprocess Thisexercisemaybeconducted by Artiana internallyorthroughthirdpartiessolelyatthediscretionofArtiana.)
FortheconvenienceofBidders, particularlythosewhoareplacing BidsonmorethanoneLot, LotGroupsarescheduledtocloseat 30-minutetimeintervalsduringtheAuction. TheBiddingforvariousLotGroupsshallbeclosedinaccordance withthe AuctionClosingSchedule However, inthe eventthat Artiana recordsanyBiddingactivityinthe5minutespriortothe
closingofaLot, theClosing TimeforsuchaLotshallbeextended by 5minutesfromitsoriginallyscheduledClosing Time TheClosing Timeshallcontinuetobeextendedin5-minuteincrementsforany subsequentBiddingreceivedinthe5minutespriortotheclosingof suchLot. Inthe eventthattheClosing Timeisextendedin accordancewiththisClause, biddingontheLotshallonlyendifno Biddingactivityis recorded by Artianaduringthelast5minutesof extendedtime Biddersareadvisedtoclickonthe“RefreshNow” icononthe WebsitepageorintheMobileApplicationatregular intervalsinaccordancewiththeprovisionsofClause2.5forupdates onlatestBidsandtimeextensionsifany.
The Websiteshallcontainalinktitled ‘LotsIBidOn’ withinthepage ‘Current Auction’ andtheBiddermayclickonthislinktoaccess informationonallBidsmadeon variousLots. Foreaseoftracking Bids, BiddersareadvisedtoassignBiddingnicknamestothemselves. The WebsiteandMobileApplicationshallcontain:
•TheBidhistoryforeachLot, beingthelast5Bidamountsthat havebeen recordeduntilandincludingthecurrenthighestBid; and •Acountdownclockindicatingtheamountoftime availablefor placingBidsbeforetheClosing Time.
TheBidhistory, currentBid, andcountdownclockshallbeaccurate atthetimeofdownloadingofthose values, providedthatsuch informationhasnotchangedduringthetimetakenforthis informationtoreachtheBidder’scomputerormobiledevicefrom the ArtianaServer ThemostupdatedBid valuesshallbeshownonly whenthe WebsitepageortheMobileApplicationpagecontaining theinformationonBid valuesis refreshed; whichshallhappeneither automaticallyat regularintervals(Every5minutespriortoonehour beforetheclosingtimeofthefirstLot/LotGroupandevery 1minutewithinthelasthouroftheclosingtimeofthefirstLot/Lot Groupandshallcontinuerefreshing everyminutetillthecloseofthe lastLot/LotGroup)orwhenaBidderclicksonthe‘RefreshNow’ icononthe WebsitepageorintheMobileApplicationpage. Whenthecountdownclockcountsdowntozero, inthecasewhere theClosing TimewithrespecttoaparticularLothasbeenextended byafurther5minutespursuanttoClause2.4above, thecountdown clockmaynot reflectsuchextension Assuch, theBiddermay wait forthe valuesonthepageto refreshautomaticallyonthe Website, or clickonthe ‘RefreshNow’ linkonthepageorintheMobile ApplicationtodeterminewhethertheClosing Timehasbeen extendedforthatLot.
ThecountdownclockcombinedwiththecurrenthighestBidas shownintheBidhistoryonthe Websiteshallonlybeanindicationof thehighestBidamountatthetimewhenthevaluesonthe Website orMobileApplicationwererefreshedinthemannersetoutinClause 2.5above Shouldbidders wantmorefrequentupdates, theyare advisedto refresh valuesasdescribedinClause2.5inordertoview themostupdatedBidhistoryandcountdownclock.
Duetothenatureofinternetand/ormobiletraffic, theremaybean unpredictabletimelagbetweenaBidderplacingaBid, andthatBid being received by Artiana Therefore, althoughaBiddermayhave placedhis/herBidpriortoClosing Time,ArtianamayreceivetheBid aftertheClosing TimefortheLotwithrespecttowhichtheBidhas beenplacedandshall, insuchan event, be rejected. Inorderto preventBidsbeing rejectedinsuchamanner, BiddersmaysetProxy Bids/MaximumBidsforLotsonwhichtheywishtoBid.
2.4. Closing Times
2.5 TrackingBids
DOMINICRUBIO:MOVINGBOUNDARIES 43
Written/AbsenteeBidsmayberecordedwithArtiana12hoursprior tothefirstClosing Time, subjecttotheotherprovisionsofthese ConditionsofSale, includinganylimitsimposed by Artianaonthe numberofBidsthatmightbeplacedbyaBidder.
2.6. Biddersareadvisedto keeptheir ArtianaIDandpasswordsecure atalltimes ArtianawillholdtheBidderresponsibleforallBidsplaced usingtheir ArtianaIDandpassword, whetherviathe Websiteora mobiledevice BiddersusingtheMobileBidding Applicationare advisedto keeptheirmobiledevicessecureandsetpasswordsfor themtopreventunauthoriseduse.
2.7 ArtianareservestherighttowithdrawanyPropertybefore, duringorafterthe Auction, ifithas reasontobelievethatthe authenticityofthePropertyortheaccuracyoftheDescriptionis indoubt, orifthereisabreachofthe TermsofBusiness, orinthe caseoferrorordispute, orif Artianaotherwisebelieves, atitssole discretion, thatit wouldbeimpropertoincludethePropertyinthe Auction, andcanduringoraftertheAuctioncontinuethebidding, determinethesuccessfulBidder, cancelthesaleoftheLot, or re-offer andresellanyLot.
2.8. AllProperty(ies)shallbesoldsubjecttotheReservePrice Ifthe WinningBidisbelowtheReservePrice, thePropertyshallbe consideredunsoldexceptinsuchcasewherethe WinningBidisa ProxyBidandthemaximumlimitontheProxyBideithermatches orishigherthantheReservePrice InsuchcasestheProperty(ies) shallbesoldatReservePricetotheProxyBidder TheReservePrice oneachPropertyshallbeconfidentialand Artianashallhaveno obligationtodisclosethesametoanyBidder.
2.9. ArtianawillinvoicetheBuyerfortheSalePrice(Winning Bid)andanyadditionalchargesthatmaybeincurred by Artiana areapplicableonthesale, includingshippingandhandlingof theProperty 5% VATwillbechargedon Artiana’sinvoiceandis applicableonanyandallpurchasesfromwithinthe UAE.
2.10 ThetitletothePropertiespurchasedinanAuctionshallpass totheBuyerattheClosing Timesubjecttotheconditionsinclause
2.7forthosePropertieswhereaBuyerholdsthe WinningBidand saidBuyerassumesfullriskandresponsibilitiesfortheProperties thereafter Propertiespurchasedwillnotbe releasedorshippedout totheBuyerorhisrepresentativeuntiltheBuyerhasfulfilledhis paymentandotherobligationsasdescribedintheseConditions ofSale ArtianamayexercisealienonthePropertiesunderthe conditionsdescribedinClause2.17.
2.11. BiddingIncrementswillbecalculatedasshownintheBidding Incrementtablebelow.
dateofeitherreceivingthefundsfromtheBuyerorremittingthe fundstotheSeller Inthecaseofpaymentsforpurchasesbeingmade in UAEDirhams(AED), astandardconversionrateof1USD=3.675 AEDwillapply.
2.13. AllBiddersare requiredtoprovidecompleteandaccurate invoicingdetailstoArtianaatthetimeofregistrationforthe Auction Invoicingdetails, once registered, willnotbechanged The Biddershallbeinvoicedbasedondetailsprovidedatthetimeof registeringforthe Auction. ForanyandalltransactionsfromRestof Worldexceptthe UAEinvoicingand/orpaymentsareprocessed by ArtianaLimited, acompanydulyincorporatedundertheRAKICC BusinessCompaniesRegulations2016bearingregisterednumber IC20120900; andforanyandalltransactionsfromwithinthe UAE invoicingand/orpaymentsareprocessed by ArtianaLimited, a companydulyincorporatedundertheDubaiInternationalFinancial Centrebearingregisterednumber2249.
2.14 The WinningBiddershallpaytheSalePriceinfull(including anyadditionalchargesand VAT, ifapplicable)withinseven business daysfromtheClosingDate NoshipmentordeliveryoftheProperty willbemadetothe WinningBidderiftheSalePrice, andanyother additionalchargesthatmaybepayable bytheBuyer, arenot received byArtianaanduntilallproperdocumentationinconnectionwith thesaleofthePropertyhasbeencompleted. Paymentswillnotbe acceptedfromanypartiesotherthanthe WinningBidderasrecorded ontheinvoice.
2.15. Nonpayment
The WinningBiddershallensurethatinvoicesprovided by Artiana arepaidinfullandallremittanceofamountsdueundersaidinvoice ismadewithinseven businessdaysfromthedateoftheinvoice Inthe casethatpaymentsarenot receivedwithinsuchperiod, itshallbe treatedasabreachofcontractofsale bytheBuyerand, insuchan event,Artianaisauthorisedatitssolediscretiontocancelthesale uponexpiryofthisstipulatedperiodofsevenbusinessdayswithout beingobligedtoinformtheBuyerofthesame, andtheSeller authorisesArtianatotakeanysteps(includingreportingthelate payments, missedpayments, orotherdefaultsontheaccounttoany credit bureauandtheinstitutionoflegalproceedings), asdeemed appropriate, toenforcethefulloranydifferentialpaymentdue bythe Buyer Inaddition, theBuyerwillbechargeddemurrage@2%ofthe totalvalue(WinningBid)permonthuntilthedateofactualpayment.
2.16. Failuretocollect IftheBuyerinformsArtianathathewishestocollectthe Property(ies)fromArtianainpersonandsuchProperty(ies)isnot collectedbytheBuyerwithin15daysfromtheauctionclosingdate, ArtianashallarrangeforstorageoftheProperty(ies)attheBuyer’s expense, andshallonly releasetheProperty(ies)afterpaymenthas beenmade, infull, includingdemurrage@2%ofthetotal value (WinningBidplusanyotheradditionalcharges, ifapplicable)per monthforallpaymentsdueandthechargesforstorageofthe Property(ies), ifany.
2.17. ArtianashallbeentitledtoexercisealienontheProperty(ies) forpaymentofanysums receivablefromtheBuyer, includingtheSale Priceandcostsrelatingtostorageandinsurancewheretheyaretobe borne bytheBuyer, in relationtoanyProperty(ies)purchased by theBuyer.
2.12.
theexchangeratewillbe calculatedasperthesheetrateofthebankspecified by Artianaonthe
2.18. Artiana reservesthe righttonot awardthe WinningBidtothe highestBidderattheClosingDateifitdeemsitnecessarytodoso.
The AuctionisconductedinUnitedStatesDollars(USD)and, foranytransactioninothercurrencies,
44ARTIANA
2.19 TheBuyeracknowledgesthat Artianawillabide byanyexport restrictionsthatmayapplyinthecountriesfromwherespecific Property(ies)willbeshipped TheBuyershallalsoberesponsibleto ensurethattheProperty(ies)isfreelyimportableintothecountry wheresuchProperty(ies)isintendedfordelivery(asspecifiedbythe Buyer). Inthe eventtheBuyeror Artianabecome awareofany restrictionstosuchimportsubsequenttothecompletionofthe Auction, theBuyermayprovideanalternatedeliverydestinationto Artiana (SuchrestrictionsonimportofanyProperty/Lotpurchased byaBuyershallnotqualifyas groundsfortheBuyertocancelsuch saleunderanycircumstances) Allcostsassociatedwiththeprocessof deliveryandstorage(whenrequired)oftheProperty(ies)shallbe borne bytheBuyer TheProperty(ies)shallbehanded overtothe Buyer, orhisnominee, onlyuponfullpaymentofallsuchcosts.
2.20. Artianahasthe righttoexercise reasonablediscretioninsetting BidincrementsasperClause2.11orotherwise, refusinganyBid, advancingtheBidding, withdrawingordividinganyLot, combining twoormoreLots; andinthecaseoferrorordispute, duringorafter thesale, determiningthesuccessfulBidder, continuingtheBidding, cancellingthesaleor reofferingand resellingtheitemindispute If anydisputearisesafterthesale, then, intheabsenceofany evidencetothecontrary, thesale recordmaintained by Artiana willbeconclusive.
2.21 WrittenBidsareacceptedfromBiddersoncetheyhavebeen givenBiddingaccessfortheAuction Theseareenteredasonline directorProxyBids by Artiana, andmaynotbestoppedoraltered by theBidderoncetheAuctionhascommenced WrittenBidsare accepteduntiltwelvehourspriortothe firstClosing Time.
2.22. ArtianaemployeesmaynotBidinthe Auctiononcethe Auctionhasstarted Theymayhoweversubmit a WrittenBidforan amountthatmaybeequaltoorabovethelowerestimateofaLot beforethe AuctioncommencesandhaveaProxyBidplacedontheir behalf Oncethe Auctionhasbegun, theymayonlyincreasetheir ProxyBid.
2.23. ArtianaemployeesmayBidincharityauctionsthatareheldon theArtianaAuctionplatform.
2.24. SellersarenotallowedtoBidontheparticularLot(s)they haveconsigned.
2.25. ArtianadoesnotplaceorallowanyBidstobeplacedonbehalf oftheSeller AlloftheBids recordedat Artianaarefrom registered Bidders.
2.26. OnceaBidis registeredinoursystem, whetherplaced byan activeBidderor byProxy, itisimmediatelyandautomatically displayedforall registereduserstosee.
2.27. TechnicalDowntime
Intheunlikelyeventthatthe WebsiteisinaccessibletoBidders worldwidedueto TechnicalDowntimewithinthehalfhour priorto thescheduledClosing TimeforanyoftheLotGroups, theClosing TimeofthatLotgroupandsubsequentLotGroupswillbeextended bythedurationofthe TechnicalDowntime Incasethe Technical DowntimeextendsbeyondtheClosing TimeforaparticularLot Group, the Websiteshall, afterthe TechnicalDowntime, showthe AuctionfortheparticularLotGroupasclosed. However, theClosing TimeforsuchLotGroupandsubsequentLotGroupsshallbe extendedbythedurationofthe TechnicalDowntimeandappropriate detailsoftheextensionshallbepublishedonthe Websiteshortlyafter recoveryfromthe TechnicalDowntime Notethatanymalfunctionin
theMobile Applicationdoesnotconstitute TechnicalDowntime In the eventofsuchmalfunction, Biddersshouldusethe Websiteto placeBids.
2.28. Bids recordedpriortoany TechnicalDowntimewillbetreated asvalidaccordingtotheConditionsofSale Artianashallnotbeliable foranylossofinformationduetothe TechnicalDowntime Thedata logsoftheArtianaServerwilldeterminethedurationofthe TechnicalDowntimeandanydeterminationmade by Artianain respectofextensionoftheClosing Timeshallbe final.
3.1. ArtianaoffersallProperty(ies)forsaleatthe Auction “asis”, whichmeansthattheProperty(ies)aresoldwithallexisting faultsand imperfections. Measurementsare givenasHeight x WidthxDepthin decimalinches(rationalizedtotheclosest0.25, 0.5, 0.75)andin decimalcentimetres ArtianaencouragesallpotentialBuyersto inspecteachitemcarefullybeforeBidding.
3.2 Any statementsmadebyArtianaaboutanyProperty(ies), whetherorallyorinwritingconcerningattributionto, forexample, anyschoolofartorcraftsmanship, countryororigin, historyor provenance, areonlyexpressionsof Artiana’s ownopinionorbelief. Suchopinionsorbeliefsincludingtheestimatevaluesofthe propertieshavebeenformedhonestlyinaccordancewiththe standardofcareexpectedofanauctionhouse However,Artianadoes notinanyway representthatithascarriedoutexhaustive research oranalysis, anditistherefore recommended, especiallyincasesof Property(ies)ofhigh value, thatpotentialBuyersseekadviceonsuch mattersfromtheirownprofessionaladvisors.
3.3 TheBuyerundertakes:
•toinspectandsatisfyhimselfpriortotheAuctionastothe conditionanddescriptionoftheProperty(ies); •torelyonhisownjudgmentastowhethertheProperty(ies) matchesitsdescription; and
•tonotrelyonanillustrationofanyProperty(ies)giveninthe Catalogue
3.4. Neither Artiananoranyofitsaffiliates, agents, representatives, employeesordirectorsshallbeliableforerrorsoromissionsinanyof therepresentationsmadeintheAuctionCatalogueorotherwisewith respecttoauthenticity, description, orconditionofanyProperty(ies) forsalethroughtheAuction.
4.1. ArtianaprovidesanassuranceonbehalfoftheSellerthateach artworkofferedatauction, isagenuineworkoftheartistlisted. Artianaguaranteestheauthenticityofsuchartworkforaperiodof sixmonthsfromtheauctionclosingdate Authenticityinrelationto artworksshallmeancomplianceoftheartworkwiththedescription providedonthe website, particularlywith referencetothename oftheartist, title(ifany)oftheartwork, date, theschoolofart (ifmentioned), dimensions, medium, etc.
Intheunlikely eventthatwithinsixmonthsfromthecloseofan auction, itisproved bytheBuyer, tothe reasonablesatisfactionof Artiana, thattheitem wasnotauthenticandif, inArtiana’sopinion, thiswouldhavesignificantlyimpactedthe WinningBidfortheitem, Artianashallbeentitledto rescindthesale Insuchan event, the SellerwillbeliabletorefundthepaymentfortheitemtotheBuyer,
DOMINICRUBIO:MOVINGBOUNDARIES 45
through Artiana.Theitem inquestion willsubsequently be returned totheSeller.
Allsuchclaimswillbehandledonacase-by-casebasis, andinthe caseofanauthenticityclaimin relationtoanartwork, examinable proof, clearlydemonstratingthattheitemisnotauthentic, willbe required. Suchexaminableproofshouldbeprovided byanestablished andacknowledgedauthority Artiana’sdecision, with regardstosuch claims, shallbefinalandbinding.
4.2 Theaboveguarantee giveninclause4.1shallbesubjecttothe followingconditions:
•TheclaimismadebytheBuyerasregisteredwithArtiana(the benefitoftheclaimisnotassignabletoanysubsequentownersor otherswhomayacquireorhaveaninterestinanyoftheProperties)
•ThePropertyisreturnedinthesameconditionthatit wasinatthe timeofdeliveryofthePropertytotheBuyer
•TheProperty wasindisputablypurchasedthroughArtiana
4.3. InthecaseofPropertieswhichhavebeencategorised by Artiana asPreciousObjects,Artianaprovidesanassurance, onbehalfofthe Seller, thateachpieceshallcomplywithcharacteristicsorfeatures mentionedintheDescriptionofthePropertyintheAuction CatalogueforaslongasthePropertyisinthepossessionofArtiana. Allcoloredstonesunlesscertifiedmayormaynotbetreatedfor enhancements. ItisthereforeadvisableforBuyersorpotentialBuyers ofsuchProperties, toinspectthePropertypriortoBiddingorprior toshipmentorBuyerpickupfromArtiana.
Intheunlikely eventthatduringsuchinspection, theBuyerisableto provetothe reasonablesatisfactionof ArtianathatthePropertydoes notmatchthedetailsintheDescription, andif, in Artiana’sopinion, Biddersbeing awareofsucherrororomission wouldhaveBid significantlylessthantheactualSalePrice,Artianashallbeentitledto rescindthesaleandtheSellerwillbeliableto refundtotheBuyerthe SalePricepaidfortheProperty; and Artianashallhand overthe PropertytotheSelleruponrefundoftheSalePricepaidtohimfor theProperty Once Artianaobtainsthe refundedamountfromthe Seller, itshallforwardthesametotheBuyer Thisguaranteewillnot beapplicablewherethePropertyisbeingshippedtotheBuyer byArtiana.
4.4. InthecaseofPropertiessuchasantiquitiesoritemsofhistorical interestwhichhavebeencategorisedbyArtianaasCulturalArtifacts, Artianaprovidesanassurance, onbehalfoftheSeller, thateachobject ofantiquarianorhistoricalinterestorsignificancehasbeenacquired withoutviolatinganylocalorinternationallaws.
Intheunlikely eventthatitisprovedthattheacquisition, provenance and/or ownershipofsuchCultural Artifactsofferedatour Auction issubjecttoalegaldispute, theBuyershall keep Artianaindemnified fromanysuchlegalproceedings.
4.5. Inallcases Artiana retainsthe righttoconsultwith, atthe expenseoftheBuyer, uptotworecognizedexpertsinthefield (suchexpertsbeingmutuallyacceptabletoArtianaandtheBuyer), toexaminethePropertyunderquestionbeforedecidingtorescind thesaleandoffertherefundundertheaboveguarantee Theopinion oftheexpertsshallnotbebindingon Artiana.
4.6. Inthe eventoftheSeller’s failureto refundtheproceedsasstated inthisclause, theBuyershall returnthePropertyto Artianaand authoriseArtianaasitsagenttoinitiatelegalproceedingsagainstthe Seller Anysuchstepstakenorlegalproceedingsinstituted by Artiana, againsttheSeller, shallbeatthecostoftheBuyerandArtiana’s liabilityshallbelimitedasperClause5.1.
5.1. Artianahasanobligationto refundtheSalePricetotheBuyer onlyuponrecoveryofsuchamountsfromtheSellerandinthe circumstancesdescribedinClause4above(AuthenticityGuarantee). TheBuyerindemnifies Artianafromanynon-recoveryofsuch amountsandagreesthattheyshallnotholdArtianaresponsiblein casesuchamountsarenot recoverablefromtheSeller Artiana providesinsurancecoverageonsoldLotsforsevendaysafterthe Closing Timeoftheauction Afterthatperiod, oronceaLothasbeen collected(whicheverisearlier), theLotwillbeentirelyatthebuyer’s risk. Damages, lossesorlossin valueofanyartworks(including frames)incurredduringshippingandtransitarenotcoveredasper theinsurancepolicytaken by Artiana. IncasetheBuyeroptsfor transitinsurancecoveragearrangedforbyArtianabyanyoftheir insuranceproviders,Artianashallnotentertainanydirectclaimsfor damageorlossduringshippingandtransitandthese wouldhaveto bedirectedtosuchinsuranceproviders; Subjecttotheauthenticity guaranteeabove, neither Artiana’ssuppliersnor Artiana, noranyof Artiana’semployeesoragents, shallbe responsible, eitherforthe correctnessofanystatementsastotheauthorship, origin, date, age, attributesorgenuinenessofanyPropertyinthesale, orforany mistakesintheDescription, orforany faultsordefectsinthe Properties, orforanyotheractoromission, whatsoever Artianaoffers noguaranteeorwarrantyotherthanthelimitedassurancecontained intheauthenticityguaranteeabove.
5.2. Itisstatedandagreedthatthe rescissionofthesaleandthe refundofthetotalSalePricepaid bytheBuyeristhesole remedy thatmaybesought byaBuyer, andsuch remedyisexclusiveandin lieuofanyother remedywhichmayotherwisebe availableunderlaw. Artianashallnotbeliableforanyincidentalorconsequentialdamages incurredorclaimed.
AllcontentofthePrint AuctionCatalogue, eCatalogueandonthe WebsiteandMobileApplicationarecopyrightprotectedinfavourof Artiana Alltrademarks, names, brandnames, etc usedinthePrint AuctionCatalogueandonthe WebsiteandMobileApplicationare trademarksofArtiana Anyrightsnotexpressly grantedhereinare reserved. Noimage, illustrationorwrittenmaterialmaybeusedor requiredwithoutthepriorwrittenpermissionofArtiana Artianaand theSeller(s)makeno representationor warrantythattheBuyerofa Propertywillacquireanycopyrightorother reproduction rightsinit.
7.1. Artianamay validlyservetheBidder/Buyerwithlegalnotice, if required, undertheseConditionsofSale by:
•SendinganemailtotheemailaddressdisclosedbytheBidder/ Buyerto Artiana; or
•SendingacouriertotheaddressdisclosedbytheBidder/Buyer toArtiana.
7.2. Suchlegalnoticeshallbedeemedtohavebeenproperlyserved: •Inthecaseofemailtransmission-onthedateofthetransmission; or
•Incaseoftransmissionbycourier-2businessdaysafterthe dispatchofthenoticebycourier.
7.3 ThenoticesandcontractlanguageshallbeEnglish.
46ARTIANA
7.4. Artianaisatalltimesentitledtoinvolvethirdpartiesforensuring theBuyer’scomplianceandperformanceaspertheseConditionsof Sale, andtheBuyerhereby grantshisconsentinthis regard.
7.5. Inthe eventofanydisputearisingoutoforinconnectionwith theseConditionsofSaleorrelatedtheretoinanymannerwhatsoever, thepartiesshallfirstseeksettlementofthatdisputebymediationin accordancewiththeMediationRulesoftheDIFC-LCIAArbitration Centre, whichRulesaredeemedtobeincorporated by referenceinto thisclause TheBuyerirrevocablysubmitstothejurisdictionofthe DubaiInternationalFinancialCentre(“DIFC”)Courtsandwaives anyobjectionitmayhavetoreferthedisputes arisingoutoforin connectionwiththeseConditionsofSaletotheDIFC-LCIA ArbitrationCentreonthegroundsthatitisaninconvenientforum (forumnonconveniens). Ifthedisputeisnotsettled bymediation within60daysofthecommencementofthemediation, orsuch furtherperiodasthepartiesshallagreeinwriting, thentheparties agreetoreferand resolvethedisputebyarbitrationinaccordance withClause9.
IfanypartoftheConditionsofSalebetweentheBuyerandArtiana isfoundlegallyinvalid, illegalorunenforceable, thatpartmaybe discountedandthe restoftheconditionswill remainenforceableto thefullestextentpermissible bylaw Insuchcases, theBuyerand Artianaundertaketoreplacethewhollyorpartlylegallyinvalid, illegalorunenforceableprovisionwithonewhichislegally valid, legal orenforceableandwhoseeconomicpurposemostcloselyreflectsthat ofthelegallyinvalid, illegalorunenforceableprovision.
Ifthedisputeisnotsettled bymediationinaccordancewithClause 7.5thenthedisputeshallbe referredtoand finally resolved by arbitrationundertheArbitrationRulesoftheDIFC-LCIA ArbitrationCentre, whichRulesaredeemedtobeincorporated by referenceintothisclause Inanyarbitrationcommencedpursuantto thisclause, (i)thenumberofarbitratorsshallbeone; and(ii)theseat, orlegalplace, ofarbitrationshallbetheDIFC Thelanguagetobe usedinthearbitrationshallbeEnglish Thegoverninglawofthe contractshallbethesubstantivelawofEnglandand Wales.
CONDITIONS OF FIXED PRICE
SALE FixedPriceSale:A PrivateSaleorSellingExhibitionof Property(ies)/Lot(s)tobeconductedbyArtianaonwww.artiana.com oranyotherwebsite.
FixedPrice: The fixedsalepriceofthePropertyofferedfor immediatesalebyArtianainPrivateSaleoranyFixedPriceSale.
PrivateSale: AFixedPriceSaleofProperty(ies)/Lot(s)conducted byArtianaoutsideofauctionconfidentiallyoronwww.artiana.com oranyotherwebsite.
SellingExhibition:A FixedPriceSaleofProperty(ies)/Lot(s)tobe conductedbyArtianaonwww.artiana.comoranyotherwebsiteon thedateindicatedintheExhibitionCatalogue.
ViewingRoom: Thewebpagesonthe WebsiterelatingtoPrivate Sale, asmaybeamendedfromtimetotimeincludingwebpages accessibleviathelink“ViewingRooms” (includingallpages providingdetailsrelatedtotheProperty(ies)), aswellasadditional pagescontainingdetailsoftheViewingRoomaccessibleviathelink “PrivateSales.”
ByparticipatinginthisFixedPriceSale, youacknowledgethatyouare boundbytheConditionsofFixedPriceSaleasclarifiedbelowand listedaboveintheConditionsofSaleandonthe Website.
2.1 If aFixedPriceSalefunctionalityisofferedonanyofthe PropertypermittingtheBuyertopurchasesuchaPropertyatthe FixedPricedisplayedonthe Website, orascommunicatedtothe BuyerinresponsetotheirenquiryforthatProperty, theabovelisted ConditionsofSalewillapplytothesaleinthesamemannerasifthe Buyerhadbeenthe WinningBidderinanauctionforthatProperty.
2.2 Our ConditionsofFixedPriceSaleareapplicableonallour PrivateSaletransactions, includingPropertyofferedinanyofour ViewingRoomorSellingExhibition, andbindingonallparticipants thereof.
DOMINICRUBIO:MOVINGBOUNDARIES 47
