ARTIANA | Sakti Burman | The Mythical Metaverse | NFT Selling Exhibition

SAKTI BURMAN THE MYTHICAL METAVERSE NON - FUNGIBLE TOKENS NFT SELLING EXHIBITION

14 JANUARY - 31 MARCH 2022

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SAKTI BURMAN THE MYTHICAL METAVERSE NON - FUNGIBLE TOKENS NFT SELLING EXHIBITION EXHIBITION NUMBER: 221 ONLINE SELLING EXHIBITION JANUARY 14 - MARCH 31, 2022

January 14, 2022 4:00 p.m. onwards UAE Standard Time

March 31, 2022 9:00 p.m. UAE Standard Time

P2-1A|DAMAC Park Towers |DIFC Dubai | UAE +971 55 815 3030 info@artiana.com

SPECIALIST AND SERVICES P.O. Box 112646 Dubai | UAE Exhibition Number: 221

Lavesh Jagasia +971 50 796 3030 lavesh@artiana.com Artiana Help Desk +971 55 815 3030 +971 55 825 3030 info@artiana.com office@artiana.com Additional information on the buying process is available on page 72 Additional information on the Flexipay scheme is available on page 76 This auction is conducted under the Conditions of Sale as stipulated in the catalogue on page 78 Copyright Notice No part of this catalogue may be reproduced, stored in a retrieval system or transmitted by any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of Artiana. © Copyright,Artiana, 2022

Front Cover: Lot 5, Lot 10 & Lot 15 Pages 3 : Ganesh Janani (detail) Back Cover: krishna

CONTENTS EXHIBITION GUIDE 7 ABOUT THE ARTIST: SAKTI BURMAN 9 THE MYTHICAL METAVERSE 13 EXHIBITION LOTS 1- 40 68 INDEX 72 IT'S EASY TO BUY AT ARTIANA 73 BUYING AT ARTIANA 76 FINANCE AT ARTIANA 78 CONDITIONS OF SALE 86 ARTIANA GUARANTEE 87 COLLECTION AND STORAGE

SAKTI BURMAN (B.1935) Born in Kolkata, Sakti Burman graduated from the Government College of Arts and Crafts, Kolkata, in 1956 and then went on to study at the Ecole Nationale Superieure des Beaux Arts in Paris, where, in 1956, he won the Prix des Etrangers. Some of the most recent solo shows of his work include a retrospective at the Lalit Kala Akademi, New Delhi, Jehangir Art Gallery, Mumbai, Victoria Memorial Hall, Kolkata and Maison de I’Unesco, in 2008. Burman’s works have also been featured at various other international gallery exhibitions; (B.1935) including at the Rand Palais, Paris, in 1975 and 1994; and at the French Biennales in 1963, 1965 and 1967. The Born in Kolkata, Sakti Burman graduated from the Government College of Arts artist lives and works in Paris. and Crafts, Kolkata, in 1956 and then went on to study at the Ecole Nationale Superieure des Beaux Arts in Paris, where, in 1956, he won the Prix des Etrangers. Some of the most recent solo shows of his work include a retrospective at the Lalit Kala Akademi, New Delhi, Jehangir Art Gallery, Mumbai, Victoria Memorial Hall, Kolkata, and DakshinaChitra, Chennai, in 2012; at Apparao Galleries, Chennai in 2011; Pundole Art Gallery, Mumbai, in 2011, 2006, 2001, 1990, 1988, 1977, 1970 and 1967; Aicon Gallery, London and New York, in 2009; Art Musings, Mumbai, in 2009; and Maison de I’Unesco, in 2008. Burman’s works have also been featured at various other international gallery exhibitions; including at the Rand Palais, Paris, in 1975 and 1994; and at the French Biennales in 1963, 1965 and 1967. The artist lives and works in Paris.

SAKTI BURMAN

THE MYTHICAL METAVERSE

Sakti Burman: The Mythical Metaverse is Artiana's inaugural NFT selling exhibition featuring masterpieces of renowned artist Sakti Burman through the years as NonFungible Tokens. These Non-Fungible Tokens, minted as unique digital editions based on his artworks, features Sakti's signature subjects of everyday life and mythical phantasmagoria, all in the vibrant colours of his palette. Known for the dream-like quality of his paintings, Sakti Burman's oeuvre came to life from stories both lived and borrowed from the different cultures he inhabited. He migrated to France as a young man, studied and married into a foreign culture, providing his works with the lush background of his hybrid experiences. The confluence of these experiences is evident in his canvases. In them, he organized personal narratives, chance events, archival borrowings, and iconographical references into a tableau of ethereal and surreal fantasies where families and friends accompany gods, nymphs, heroes, and celestial emissaries culled from his imagination. "Like a palimpsest, Burman’s choice of content, often reliant on daydreams or memories, is erased, re-written, and superimposed on ancient motifs and the promise of fresh ideas. This kind of augmented reality, melding and layering people and places, makes for his unique style of representation." (B.N. Goswamy and Rosa Maria Falvo, Sakti Burman: A Private Universe, Skira, Milan, 2014, pg. 11 & 12)

SAKTI BURMAN THE MYTHICAL METAVERSE

SAKTI BURMAN (B.1935) Birth of Ganesha non-fungible token (NFT) ethereum blockchain minted in 2022 Edition 1 of 1

ETH 8 SAKTI BURMAN : THE MYTHICAL METAVERSE

SAKTI BURMAN (B.1935) An Afternoon in the Park non-fungible token (NFT) ethereum blockchain minted in 2022 Edition 1 of 1

ETH 8 14

ARTIANA

SAKTI BURMAN (B.1935) An Evening in the Park non-fungible token (NFT) ethereum blockchain minted in 2022 Edition 1 of 1

ETH 8 SAKTI BURMAN : THE MYTHICAL METAVERSE

SAKTI BURMAN (B.1935) Picnic in the Mythical Metaverse non-fungible token (NFT) ethereum blockchain minted in 2022 Edition 1 of 1

ETH 6 16

ARTIANA

SAKTI BURMAN (B.1935) Boy Playing with Birds non-fungible token (NFT) ethereum blockchain minted in 2022 Edition 1 of 1

ETH 6 SAKTI BURMAN : THE MYTHICAL METAVERSE

SAKTI BURMAN (B.1935) Boy Holding the Bird non-fungible token (NFT) ethereum blockchain minted in 2022 Edition 1 of 1

ETH 6 SAKTI BURMAN : THE MYTHICAL METAVERSE

SAKTI BURMAN (B.1935) Blue God in The Mythical Metaverse non-fungible token (NFT) ethereum blockchain minted in 2022 Edition 1 of 1

ETH 12 20

ARTIANA

SAKTI BURMAN (B.1935) Dancers in the Mythical Metaverse non-fungible token (NFT) ethereum blockchain minted in 2022 Edition 1 of 1

ETH 10 SAKTI BURMAN : THE MYTHICAL METAVERSE

SAKTI BURMAN (B.1935) Divine Mother non-fungible token (NFT) ethereum blockchain minted in 2022 Edition 1 of 1

ETH 8 22

ARTIANA

SAKTI BURMAN (B.1935) Eternal Light in the Mythical Metaverse non-fungible token (NFT) ethereum blockchain minted in 2022 Edition 1 of 1

ETH 12 SAKTI BURMAN : THE MYTHICAL METAVERSE

SAKTI BURMAN (B.1935) Divinity in the Mythical Metaverse non-fungible token (NFT) ethereum blockchain minted in 2022 Edition 1 of 1

ETH 8 SAKTI BURMAN : THE MYTHICAL METAVERSE

SAKTI BURMAN (B.1935) Lady with a Looking Glass non-fungible token (NFT) ethereum blockchain minted in 2022 Edition 1 of 1

ETH 6 SAKTI BURMAN : THE MYTHICAL METAVERSE

SAKTI BURMAN (B.1935) Divinity with the Looking Glass non-fungible token (NFT) ethereum blockchain minted in 2022 Edition 1 of 1

ETH 8 28

ARTIANA

SAKTI BURMAN (B.1935) Evening Festival in the Mythical Metaverse non-fungible token (NFT) ethereum blockchain minted in 2022 Edition 1 of 1

ETH 10 SAKTI BURMAN : THE MYTHICAL METAVERSE

SAKTI BURMAN (B.1935) Festival in the Mythical Metaverse non-fungible token (NFT) ethereum blockchain minted in 2022 Edition 1 of 1

ETH 10 SAKTI BURMAN : THE MYTHICAL METAVERSE

SAKTI BURMAN (B.1935) Flute Player and Goddess in the Mythical Metaverse non-fungible token (NFT) ethereum blockchain minted in 2022 Edition 1 of 1

ETH 8 32

ARTIANA

SAKTI BURMAN (B.1935) Goddess in the Mythical Metaverse non-fungible token (NFT) ethereum blockchain minted in 2022 Edition 1 of 1

ETH 10 SAKTI BURMAN : THE MYTHICAL METAVERSE

SAKTI BURMAN (B.1935) Gentleman in the Mythical Metaverse non-fungible token (NFT) ethereum blockchain minted in 2022 Edition 1 of 1

ETH 6 34

ARTIANA

SAKTI BURMAN (B.1935) Friends non-fungible token (NFT) ethereum blockchain minted in 2022 Edition 1 of 1

ETH 6 SAKTI BURMAN : THE MYTHICAL METAVERSE

SAKTI BURMAN (B.1935) Durga with Noah's Ark in the Mythical Metaverse non-fungible token (NFT) ethereum blockchain minted in 2022 Edition 1 of 1

ETH 12 SAKTI BURMAN : THE MYTHICAL METAVERSE

Article from The Indian Express by Vandana Kalra, Published on October 24, 2019

SAKTI BURMAN (B.1935) Krishna non-fungible token (NFT) ethereum blockchain minted in 2022 Edition 1 of 1

ETH 10 40

ARTIANA

SAKTI BURMAN (B.1935) Lovers in the Mythical Metaverse non-fungible token (NFT) ethereum blockchain minted in 2022 Edition 1 of 1

ETH 6 SAKTI BURMAN : THE MYTHICAL METAVERSE

SAKTI BURMAN (B.1935) Musicians Playing in the Mythical Metaverse non-fungible token (NFT) ethereum blockchain minted in 2022 Edition 1 of 1

ETH 8 42

ARTIANA

SAKTI BURMAN (B.1935) Musicians Playing for the Arlequin in the Mythical Metaverse non-fungible token (NFT) ethereum blockchain minted in 2022 Edition 1 of 1

ETH 10 SAKTI BURMAN : THE MYTHICAL METAVERSE

SAKTI BURMAN (B.1935) Krishna in the Mythical Metaverse non-fungible token (NFT) ethereum blockchain minted in 2022 Edition 1 of 1

ETH 12 SAKTI BURMAN : THE MYTHICAL METAVERSE

SAKTI BURMAN (B.1935) Notre-Dame non-fungible token (NFT) ethereum blockchain minted in 2022 Edition 1 of 1

ETH 6 SAKTI BURMAN : THE MYTHICAL METAVERSE

SAKTI BURMAN (B.1935) Cairo non-fungible token (NFT) ethereum blockchain minted in 2022 Edition 1 of 1

ETH 10 48

ARTIANA

SAKTI BURMAN (B.1935) Red Sky in the Mythical Metaverse non-fungible token (NFT) ethereum blockchain minted in 2022 Edition 1 of 1

ETH 6 SAKTI BURMAN : THE MYTHICAL METAVERSE

SAKTI BURMAN (B.1935) Divinity with the Magical Mirror non-fungible token (NFT) ethereum blockchain minted in 2022 Edition 1 of 1

ETH 8 SAKTI BURMAN : THE MYTHICAL METAVERSE

SAKTI BURMAN (B.1935) The Mythical Metaverse non-fungible token (NFT) ethereum blockchain minted in 2022 Edition 1 of 1

ETH 12 SAKTI BURMAN : THE MYTHICAL METAVERSE

"My art from now on took a new turn, in which my sole aim was to express myself without any conscious effort to forge a style out of the resources I had absorbed whether in the West or in India. Every painting I did was an attempt to know myself, and in the process, my images shaped out of everything I experienced in life, since probably my days as a child in the remote Bengal village. All my excited enjoyment of art in India and in the West that lay stored in my memory and in my unconscious, all the myths and fairy tales, legends and lore I had heard or read, my love for music and the songs of Tagore or the poetry of Baudelaire - all went into the making of my paintings to evoke a world of unreality, but one very much real in my imaginative life and enlivened in every part with hope, joy, dream and fantasy." Sakti Burman, My Story, Limited Edition Serigraphs: Sakti Burman (The Complete Collection), The Serigraph Studio, Mumbai, 2010, pg. 63

SAKTI BURMAN (B.1935) Evening Song non-fungible token (NFT) ethereum blockchain minted in 2022 Edition 1 of 1

ETH 8 56

ARTIANA

SAKTI BURMAN (B.1935) Paris non-fungible token (NFT) ethereum blockchain minted in 2022 Edition 1 of 1

ETH 10 SAKTI BURMAN : THE MYTHICAL METAVERSE

SAKTI BURMAN (B.1935) The Divine Visit non-fungible token (NFT) ethereum blockchain minted in 2022 Edition 1 of 1

ETH 10 58

ARTIANA

SAKTI BURMAN (B.1935) Ganesh Janani non-fungible token (NFT) ethereum blockchain minted in 2022 Edition 1 of 1

ETH 12 SAKTI BURMAN : THE MYTHICAL METAVERSE

"Looking back, I realise that memory has lent itself in more ways than I've actually even known, to my image-making. The pictorial narratives are peopled with characters from fables and mythologies as well as some I've known intimately. Far away from my hometown of Bidyakut, I journeyed back to my boyhood, as a painter and discovered rivers, rituals, faces that were once an integral part of my life. In my cold and dark room, struggling to stay warm in the freezing temperatures, my mind wandered back to Bidyakut and I found solace...these memories sparked the creative process, from where fantasy took flight." Sakti Burman in conversation with Ina Puri, Reflections - on Life and Art Sakti Burman with Ina Puri, Limited Edition Serigraphs: Sakti Burman (The Complete Collection), The Serigraph Studio, Mumbai, 2010, pg. 54

SAKTI BURMAN (B.1935) Self-Portrait non-fungible token (NFT) ethereum blockchain minted in 2022 Edition 1 of 1

ETH 6 SAKTI BURMAN : THE MYTHICAL METAVERSE

SAKTI BURMAN (B.1935) Tales of the Mythical Metaverse non-fungible token (NFT) ethereum blockchain minted in 2022 Edition 1 of 1

ETH 6 62

ARTIANA

SAKTI BURMAN (B.1935) Venice non-fungible token (NFT) ethereum blockchain minted in 2022 Edition 1 of 1

ETH 10 SAKTI BURMAN : THE MYTHICAL METAVERSE

SAKTI BURMAN (B.1935) Young Man in the Mythical Metaverse non-fungible token (NFT) ethereum blockchain minted in 2022 Edition 1 of 1

ETH 6 64

ARTIANA

SAKTI BURMAN (B.1935) Travellers in the Mythical Metaverse non-fungible token (NFT) ethereum blockchain minted in 2022 Edition 1 of 1

ETH 8 SAKTI BURMAN : THE MYTHICAL METAVERSE

SAKTI BURMAN (B.1935) Noah's Ark with Durga in the Mythical Metaverse non-fungible token (NFT) ethereum blockchain minted in 2022 Edition 1 of 1

ETH 12 SAKTI BURMAN : THE MYTHICAL METAVERSE

INDEX

BIRTH OF GANESHA PG 13

AN AFTERNOON IN THE PARK PG 14

AN EVENING IN THE PARK PG 15

PICNIC IN THE MYTHICAL METAVERSE PG 16

BOY PLAYING WITH BIRDS PG 17

BOY HOLDING THE BIRD PG 19

BLUE GOD IN THE MYTHICAL METAVERSE PG 20

DANCERS IN THE MYTHICAL METAVERSE PG 21

ETERNAL LIGHT IN THE MYTHICAL METAVERSE

DIVINITY IN THE MYTHICAL METAVERSE

LADY WITH A LOOKING GLASS

PG 22

PG 23

PG 26

PG 27

DIVINITY WITH THE LOOKING GLASS

EVENING FESTIVAL IN THE MYTHICAL METAVERSE

PG 28

PG 29

GODDESS IN THE MYTHICAL METAVERSE

GENTLEMAN IN THE MYTHICAL METAVERSE

PG 33

PG 34

DIVINE MOTHER

FESTIVAL IN THE MYTHICAL METAVERSE PG 31

FRIENDS

PG 35

FLUTE PLAYER AND GODDESS IN THE MYTHICAL METAVERSE PG 32

DURGA WITH NOAH'S ARK IN THE MYTHICAL METAVERSE PG 37

KRISHNA

LOVERS IN THE MYTHICAL METAVERSE

MUSICIANS PLAYING IN THE MYTHICAL METAVERSE

MUSICIANS PLAYING FOR THE ARLEQUIN IN THE MYTHICAL METAVERSE

PG 40

PG 41

PG 42

PG 43

KRISHNA IN THE MYTHICAL METAVERSE

NOTRE-DAME

CAIRO

RED SKY IN THE MYTHICAL METAVERSE

PG 45

PG 47

PG 48

PG 49

DIVINITY WITH THE MAGICAL MIRROR

THE MYTHICAL METAVERSE

EVENING SONG

PARIS

PG 51

PG 53

PG 56

PG 57

THE DIVINE VISIT

GANESH JANANI

PG 58

PG 59

VENICE

YOUNG MAN IN THE MYTHICAL METAVERSE

PG 63

PG 64

SELF-PORTRAIT PG 61

TRAVELLERS IN THE MYTHICAL METAVERSE PG 65

TALES OF THE MYTHICAL METAVERSE PG 62

NOAH'S ARK WITH DURGA IN THE MYTHICAL METAVERSE PG 67

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SAKTI BURMAN : THE MYTHICAL METAVERSE

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• Fully climate controlled art storage facility • In-house art handling truck for transportation • Bespoke collection management services • Located in the safe and convenient jurisdiction of Dubai International Financial Centre (DIFC) • Assets stored are governed by a commonlaw framework with laws and regulations issued in English

SAKTI BURMAN : THE MYTHICAL METAVERSE

FINANCE AT ARTIANA What is Artiana Fine Art Finance? Artiana Fine Art Finance is our art finance advisory division. Leveraging upon the strength of our auction house platform, we specialize in financing solutions that cater to both—buyers in our auctions as well as others who can borrow against blue-chip Indian art works. What services does Artiana Fine Art Finance provide? We provide finance solutions to consignors and FlexiPay options to buyers at our auctions, and arrange advances secured against Indian fine art at competitive interest rates. Our bespoke finance solutions provide financing for fresh acquisitions or existing collections. What is FlexiPay? Buyers at our auctions can avail of our FlexiPay scheme to pay for the lots won by them subject to eligibility, and securing a pre-approval before the auction. Bidders intending to use FlexiPay to pay for their items should contact the auction desk before the auction with details of the total anticipated amount and specific lot/s that would be required to be covered by the FlexiPay scheme in case the bids are successful.The FlexiPay scheme covers up to 80% of the lower estimate value of the lots excluding any taxes and/or levies, and the balance amount over and above the amount covered by the FlexiPay scheme has to be settled within the regular timeline as mentioned in the invoice.The item/s remain in the custody of Artiana till all amounts due under the scheme and any other incidental charges are cleared in full by the buyer. What is the tenor and charges for the FlexiPay scheme? The maximum amount covered by the FlexiPay scheme is up to 80% of lower estimate value of the respective lot, which can be divided into equal payments ranging from 3 to 12 months and the service charges payable for availing the scheme is a flat rate of 12 % p.a. prorated as per the payment tenor.There is no arrangement fee or storage charges applicable whereas insurance charges are billed at actuals to all FlexiPay clients. Why finance or borrow against art? By financing their purchases at Artiana auctions, clients can take advantage of opportunity buys and schedule a delayed or installment payment on their acquisitions based on their cash flows. By leveraging existing artworks, our clients optimize the use and enjoyment of their collection, while unlocking equity and allowing further portfolio diversification. What type of art does Artiana Fine Art Finance accept as collateral? We will consider individual artworks and collections of blue-chip Indian fine art as collateral.Artworks must be freely marketable and produced by prominent artists with an existing track record in the secondary market. What is the artwork evaluation process for external art collateral? We are an auction house, and offer advisory services on a highly confidential basis to evaluate artworks.The individual artwork or collection will be estimated by us as if they are being proposed for auction, and the advance against these item/s will typically be 50% of the lower estimate value offered by us.We will also require an independent inspection by a conservator. What Loan-To-Value (LTV) does Artiana Fine Art Finance offer against the artworks? We will typically advance up to 80% of the lower estimate value of artworks purchased at our auctions or up to 60% of the appraised value of the proposed external art collateral. What are the advance sizes that Artiana Fine Art Finance offers? We arrange advances starting at USD 50,000 and can assist in securing advances of substantially larger amounts. For buyers at our auctions we can offer a reduced threshold on a case-to-case basis. How long does the disbursal take? The approval depends on the location of the artworks and the clients’ art ownership structure. However, our domain expertise and large, liquid balance sheets of our financiers allow us to complete the process more quickly than traditional operators. Do our clients retain possession of their art? No, we require that the artwork be held as collateral in our art storage facility till the advance has been fully paid back to our financier. Will the artworks be insured during the term they are held as collateral in storage? Throughout the term that the artworks are held as collateral they will be insured at double of the advance amount, to cover the full value of the art asset.The policy will be assigned to us for distributing the amounts as stipulated, between the client and financier.The insurance covers the items right from the time of collection, during storage until the final handover. Who owns the artworks during the term they are held as collateral in storage? The artworks remain the clients’ property during the entire storage period. What are the advantages of Artiana’s Fine Art Finance compared to a traditional bank loan? Our advances offer flexibility and a variable tenors up to 24 months with a no-charge early exit option. Unlocking equity and receiving liquidity without cumbersome documentation and credit approval process.There is no personal liability, the collateralized artworks are the sole guarantee towards the advance (non recourse).

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What are the early exit options before expiry of the agreed tenor? Clients can request an early exit before the expiry of the agreed tenor by giving 30 days notice without any exit charges being payable.Any advance service charges collected in such cases will be non-refundable. What are the charges and costs for the service and advance? Artiana Fine Art Finance will charge an arrangement fee of 2% of the advance amounts arranged against external art assets, this fee is waived for finance arranged against purchases made in our auctions. Depending on the value, tenor and terms of the advance the charges are calculated at typically 15 % p.a., payable quarterly in advance for fixed maturity payments, and at a flat rate of 12 % p.a. for monthly installment payments. The charges are set at the start of the facility and fixed for the entire tenor.There are no additional costs for evaluation and storage, insurance cover is procured by Artiana to cover the full value of the asset and billed at actuals to the client.

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CONDITIONS OF SALE

Artiana: Artiana refers to our relevant corporate entity acting as a representative of either itself, any of its affiliates, assigns or any of its Sellers. • For any and all clients and/or transactions from Rest of World except the UAE: Refers to Artiana Limited, a company duly incorporated in RAK International Corporate Centre - UAE, bearing registration number IC20120900. • For any and all clients and/or transactions from within the UAE: Refers to Artiana FZE, a company duly incorporated in the Hamriyah Freezone - UAE, bearing registered number 19542. (Designated VAT exempt free zones within the UAE are deemed as Rest of World region) Artiana Server: The system(s) that provides computer devices with access to resources shared on computer networks, including Artiana data, application files and printers. Auction: An auction of Property(ies)/Lot(s) to be conducted by Artiana on www.artiana.com or any other website on the date indicated in the Auction Catalogue. Auction Catalogue: The catalogue as published by Artiana, whether in print, on the Mobile Application, or on the Website, including the Print Auction Catalogue, the MobileApp Auction Catalogue, the Online Auction Catalogue, and the eCatalogue with respect to an Auction, containing details of the Auction along with the description, price and other details of Properties to be offered for sale at such Auction. In case of any discrepancy between the Print Auction Catalogue, the MobileApp Auction Catalogue, the Online Auction Catalogue and/or the eCatalogue, the Online Auction Catalogue, as modified by Artiana from time to time, shall take precedence. Auction Closing Schedule: The schedule specifying the closing times for Bids for each Lot to be sold through the Auction as specified in the Auction Catalogue. Bid: The price offered by a Bidder to purchase a particular Property offered for sale at an Auction. Bidder: A person making a Bid for the purchase of one or more Property(ies) offered for sale at an Auction in accordance with the terms and conditions set out in the Conditions of Sale and such person shall be deemed to have entered into all applicable contracts under the governing law. Buyer: The Bidder making the Winning Bid with respect to a Property(ies), who has thereby agreed to pay/ has paid the Sale Price payable with respect to such Property(ies). Closing Date: The date specified in the Auction Closing Schedule on which the Auction closes. Closing Time: The time at which the Auction for any of the Lot Groups listed in the Auction Closing Schedule closes. Conditions of Sale: The Conditions, which are published in any of the Auction Catalogues and are applicable to every Bid and every sale of Property made through an Auction. In case of a conflict between the Conditions published in the Online Auction Catalogue and in the Print Auction Catalogue or eCatalogue, the Online Auction

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Catalogue version, as modified by Artiana from time to time, shall take precedence. Cultural Artifacts: Antiquities and items of historical interest or significance designated as Cultural Property. Description: All the details of a Property as set out in the Auction Catalogue and may include, without limitation, the name of the artist, designer or manufacturer, the title of the Property, and the following additional details. • For Artworks: The signature of the artist/date of the Property (if any), the surface, medium, edition number (wherever applicable) and dimensions of the Property. • For Precious Objects: Any other features or characteristics of the Property mentioned in the Auction Catalogue. eCatalogue: An electronic reproduction of the Print Auction Catalogue that may be made available on the Website for certain auctions. Lot Groups:The Properties grouped together for Auction that will close at a particular time. Mobile Application: Refers to Artiana’s proprietary mobile auction application, as updated from time to time, and available for download from the Apple App Store or Google Play, for the purpose of viewing the Auction Catalogue, placing Bids, viewing Auction results, accessing other information related to Artiana or the Auction, and receiving push notifications on a mobile device. MobileApp Auction Catalogue: The screens within the Mobile Application relating to the Auction, as may be amended from time to time. Notices: Information included in the Auction Catalogue by Artiana - whether in print or online or on the Mobile Application - to correct errors and omissions in the Auction Catalogue. Although these are provided for the Bidders’ convenience, the Online Auction Catalogue, as modified by Artiana from time to time, shall take precedence in all cases of discrepancy. Online Auction Catalogue: The web pages on the Website relating to the Auction, as may be amended from time to time including web pages accessible via the link “Auction Catalogue” (including all pages providing details related to the Property(ies)), as well as additional pages containing details of the Auction accessible via the link “About the Auction.” Precious Objects: Jewellery, watches, loose precious stones and any other objects offered for sale within the context of an Auction. Print Auction Catalogue: The printed version of the Auction Catalogue. Property/Lot: The Artworks, Precious Objects, and any other items offered by Artiana for sale, either individually or collectively (as a single unit), through the Auction. Proxy Bid: Refers to any Proxy/Maximum Bid placed by a buyer on the Website authorising the auction software to automatically Bid on his behalf, until such Maximum amount is reached. Reserve Price:The minimum price, as determined by Artiana and the Seller, acceptable for the sale of the Property through an Auction. Seller: The party consigning the Property to Artiana as its agent for sale through Auction.

Technical Downtime: The time period during which the Artiana Server or the Website is not operational due to a malfunction or planned maintenance. Terms of Business: The terms of business executed between Artiana and the Seller including but not limited to the consignment agreement. Website: The collection of HTML and/or internet data and media located at the URL www.artiana.com and/or any other URL linked to the Website. Winning Bid/Sale Price: The highest Bid offered with respect to a Property at the Closing Time, where the Winning Bid shall either be higher than or equal to the Reserve Price. Winning Bidder: The Bidder who has placed the Winning Bid. Written Bid: Refers to any Written/Absentee Bid recorded with Artiana upon submission of the completed Written/Absentee Bids form at least 12 hours before the first Closing Time.

By participating in this Auction, you acknowledge that you are bound by the Conditions of Sale as listed below and on the Website. 2.1. Artiana’s role as the agent of the Seller:Artiana undertakes to sell the Properties through Auction as the agent for and on behalf of the Seller. 2.2. Making a Bid constitutes an irrevocable offer to purchase the Property, and the acceptance of a Bid as the Winning Bid by Artiana shall result in an enforceable contract of sale between Artiana, acting solely as the agent of the Seller, and the Winning Bidder. 2.3. Artiana is authorised by the Seller to exercise its complete discretion in: • determining the form and content of the Descriptions in the Auction Catalogue, • granting Bidding access to a Bidder, • recording, rejecting or accepting Bids, and • deciding which Bid constitutes the Winning Bid, if any. (Bidding access shall be given at Artiana’s discretion and Artiana may set limits on the total value of all Bids made and/or the number of Bids that may be made by a Bidder.Artiana may also require payment guarantees and/or deposits as a condition precedent to giving Bidding access to a Bidder. Bidders will be informed of the limits on the total Bid value and/or the number of Bids that they may make, if any, and will not be allowed to Bid further if either of such Bidding limit has been exhausted. Bid updates and time extensions, if any, shall be updated on the Website and Mobile Application. On both the Website and the Mobile App, Bidders may refresh their Bidding pages by clicking on the “Refresh Now” icon or the re-load/refresh buttons on their browsers, where applicable. Artiana shall evaluate the Bid histories of specific Lot Groups periodically to preserve the efficacy of the Auction process.This exercise may be conducted by Artiana internally or through third parties solely at the discretion of Artiana.) 2.4. Closing Times For the convenience of Bidders, particularly those who are placing Bids on more than one Lot, Lot Groups are scheduled to close at 30-minute time intervals during the Auction. The Bidding for various Lot Groups shall be closed in accordance with the Auction Closing Schedule. However, in the event that Artiana records any Bidding activity in the 5 minutes prior to the

closing of a Lot, the Closing Time for such a Lot shall be extended by 5 minutes from its originally scheduled Closing Time.The Closing Time shall continue to be extended in 5-minute increments for any subsequent Bidding received in the 5 minutes prior to the closing of such Lot. In the event that the Closing Time is extended in accordance with this Clause, bidding on the Lot shall only end if no Bidding activity is recorded by Artiana during the last 5 minutes of extended time. Bidders are advised to click on the “Refresh Now” icon on the Website page or in the Mobile Application at regular intervals in accordance with the provisions of Clause 2.5 for updates on latest Bids and time extensions if any. 2.5. Tracking Bids The Website shall contain a link titled ‘Lots I Bid On’ within the page ‘Current Auction’ and the Bidder may click on this link to access information on all Bids made on various Lots. For ease of tracking Bids, Bidders are advised to assign Bidding nicknames to themselves. The Website and Mobile Application shall contain: • The Bid history for each Lot, being the last 5 Bid amounts that have been recorded until and including the current highest Bid; and • A countdown clock indicating the amount of time available for placing Bids before the Closing Time. The Bid history, current Bid, and countdown clock shall be accurate at the time of downloading of those values, provided that such information has not changed during the time taken for this information to reach the Bidder’s computer or mobile device from the Artiana Server.The most updated Bid values shall be shown only when the Website page or the Mobile Application page containing the information on Bid values is refreshed; which shall happen either automatically at regular intervals (Every 5 minutes prior to one hour before the closing time of the first Lot/Lot Group and every 1 minute within the last hour of the closing time of the first Lot/Lot Group and shall continue refreshing every minute till the close of the last Lot/Lot Group) or when a Bidder clicks on the ‘Refresh Now’ icon on the Website page or in the Mobile Application page. When the countdown clock counts down to zero, in the case where the Closing Time with respect to a particular Lot has been extended by a further 5 minutes pursuant to Clause 2.4 above, the countdown clock may not reflect such extension. As such, the Bidder may wait for the values on the page to refresh automatically on the Website, or click on the ‘Refresh Now’ link on the page or in the Mobile Application to determine whether the Closing Time has been extended for that Lot. The countdown clock combined with the current highest Bid as shown in the Bid history on the Website shall only be an indication of the highest Bid amount at the time when the values on the Website or Mobile Application were refreshed in the manner set out in Clause 2.5 above. Should bidders want more frequent updates, they are advised to refresh values as described in Clause 2.5 in order to view the most updated Bid history and countdown clock. Due to the nature of internet and/or mobile traffic, there may be an unpredictable time lag between a Bidder placing a Bid, and that Bid being received by Artiana.Therefore, although a Bidder may have placed his/her Bid prior to Closing Time, Artiana may receive the Bid after the Closing Time for the Lot with respect to which the Bid has been placed and shall, in such an event, be rejected. In order to prevent Bids being rejected in such a manner, Bidders may set Proxy Bids/Maximum Bids for Lots on which they wish to Bid.

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Written/Absentee Bids may be recorded with Artiana 12 hours prior to the first Closing Time, subject to the other provisions of these Conditions of Sale, including any limits imposed by Artiana on the number of Bids that might be placed by a Bidder.

date of either receiving the funds from the Buyer or remitting the funds to the Seller. In the case of payments for purchases being made in UAE Dirhams (AED), a standard conversion rate of 1USD = 3.675 AED will apply.

2.6. Bidders are advised to keep their Artiana ID and password secure at all times.Artiana will hold the Bidder responsible for all Bids placed using their Artiana ID and password, whether via the Website or a mobile device. Bidders using the Mobile Bidding Application are advised to keep their mobile devices secure and set passwords for them to prevent unauthorised use.

2.13. All Bidders are required to provide complete and accurate invoicing details to Artiana at the time of registration for the Auction. Invoicing details, once registered, will not be changed.The Bidder shall be invoiced based on details provided at the time of registering for the Auction. For any and all transactions from Rest of World except the UAE invoicing and/or payments are processed by Artiana Limited, a company duly incorporated under the RAK ICC Business Companies Regulations 2016 bearing registered number IC20120900; and for any and all transactions from within the UAE invoicing and/or payments are processed by Artiana FZE, a company duly incorporated in the Hamriyah Freezone - UAE, bearing registered number 19542.

2.7. Artiana reserves the right to withdraw any Property before, during or after the Auction, if it has reason to believe that the authenticity of the Property or the accuracy of the Description is in doubt, or if there is a breach of the Terms of Business, or in the case of error or dispute, or if Artiana otherwise believes, at its sole discretion, that it would be improper to include the Property in the Auction, and can during or after the Auction continue the bidding, determine the successful Bidder, cancel the sale of the Lot, or re-offer and resell any Lot. 2.8. All Property(ies) shall be sold subject to the Reserve Price. If the Winning Bid is below the Reserve Price, the Property shall be considered unsold except in such case where the Winning Bid is a Proxy Bid and the maximum limit on the Proxy Bid either matches or is higher than the Reserve Price. In such cases the Property(ies) shall be sold at Reserve Price to the Proxy Bidder.The Reserve Price on each Property shall be confidential and Artiana shall have no obligation to disclose the same to any Bidder. 2.9. Artiana will invoice the Buyer for the Sale Price (Winning Bid) and any additional charges that may be incurred by Artiana are applicable on the sale, including shipping and handling of the Property. 5% VAT will be charged on Artiana’s invoice and is applicable on any and all purchases from within the UAE. 2.10. The title to the Properties purchased in an Auction shall pass to the Buyer at the Closing Time subject to the conditions in clause 2.7 for those Properties where a Buyer holds the Winning Bid and said Buyer assumes full risk and responsibilities for the Properties thereafter. Properties purchased will not be released or shipped out to the Buyer or his representative until the Buyer has fulfilled his payment and other obligations as described in these Conditions of Sale. Artiana may exercise a lien on the Properties under the conditions described in Clause 2.17. 2.11. Bidding Increments will be calculated as shown in the Bidding Increment table below.

2.12. The Auction is conducted in United States Dollars (USD) and, for any transaction in other currencies, the exchange rate will be calculated as per the sheet rate of the bank specified by Artiana on the

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2.14. The Winning Bidder shall pay the Sale Price in full (including any additional charges and VAT, if applicable) within seven business days from the Closing Date. No shipment or delivery of the Property will be made to the Winning Bidder if the Sale Price, and any other additional charges that may be payable by the Buyer, are not received by Artiana and until all proper documentation in connection with the sale of the Property has been completed. Payments will not be accepted from any parties other than the Winning Bidder as recorded on the invoice. 2.15. Non payment The Winning Bidder shall ensure that invoices provided by Artiana are paid in full and all remittance of amounts due under said invoice is made within seven business days from the date of the invoice. In the case that payments are not received within such period, it shall be treated as a breach of contract of sale by the Buyer and, in such an event,Artiana is authorised at its sole discretion to cancel the sale upon expiry of this stipulated period of seven business days without being obliged to inform the Buyer of the same, and the Seller authorises Artiana to take any steps (including reporting the late payments, missed payments, or other defaults on the account to any credit bureau and the institution of legal proceedings), as deemed appropriate, to enforce the full or any differential payment due by the Buyer. In addition, the Buyer will be charged demurrage @ 2% of the total value (Winning Bid) per month until the date of actual payment. 2.16. Failure to collect If the Buyer informs Artiana that he wishes to collect the Property(ies) from Artiana in person and such Property(ies) is not collected by the Buyer within 15 days from the auction closing date, Artiana shall arrange for storage of the Property(ies) at the Buyer’s expense, and shall only release the Property(ies) after payment has been made, in full, including demurrage @ 2% of the total value (Winning Bid plus any other additional charges, if applicable) per month for all payments due and the charges for storage of the Property(ies), if any. 2.17. Artiana shall be entitled to exercise a lien on the Property(ies) for payment of any sums receivable from the Buyer, including the Sale Price and costs relating to storage and insurance where they are to be borne by the Buyer, in relation to any Property(ies) purchased by the Buyer. 2.18. Artiana reserves the right to not award the Winning Bid to the highest Bidder at the Closing Date if it deems it necessary to do so.

2.19. The Buyer acknowledges that Artiana will abide by any export restrictions that may apply in the countries from where specific Property(ies) will be shipped.The Buyer shall also be responsible to ensure that the Property(ies) is freely importable into the country where such Property(ies) is intended for delivery (as specified by the Buyer). In the event the Buyer or Artiana become aware of any restrictions to such import subsequent to the completion of the Auction, the Buyer may provide an alternate delivery destination to Artiana. (Such restrictions on import of any Property/Lot purchased by a Buyer shall not qualify as grounds for the Buyer to cancel such sale under any circumstances). All costs associated with the process of delivery and storage (when required) of the Property(ies) shall be borne by the Buyer.The Property(ies) shall be handed over to the Buyer, or his nominee, only upon full payment of all such costs. 2.20. Artiana has the right to exercise reasonable discretion in setting Bid increments as per Clause 2.11 or otherwise, refusing any Bid, advancing the Bidding, withdrawing or dividing any Lot, combining two or more Lots; and in the case of error or dispute, during or after the sale, determining the successful Bidder, continuing the Bidding, cancelling the sale or reoffering and reselling the item in dispute. If any dispute arises after the sale, then, in the absence of any evidence to the contrary, the sale record maintained by Artiana will be conclusive. 2.21. Written Bids are accepted from Bidders once they have been given Bidding access for the Auction.These are entered as online direct or Proxy Bids by Artiana, and may not be stopped or altered by the Bidder once the Auction has commenced.Written Bids are accepted until twelve hours prior to the first Closing Time. 2.22. Artiana employees may not Bid in the Auction once the Auction has started.They may however submit a Written Bid for an amount that may be equal to or above the lower estimate of a Lot before the Auction commences and have a Proxy Bid placed on their behalf. Once the Auction has begun, they may only increase their Proxy Bid. 2.23. Artiana employees may Bid in charity auctions that are held on the Artiana Auction platform. 2.24. Sellers are not allowed to Bid on the particular Lot(s) they have consigned. 2.25. Artiana does not place or allow any Bids to be placed on behalf of the Seller. All of the Bids recorded at Artiana are from registered Bidders. 2.26. Once a Bid is registered in our system, whether placed by an active Bidder or by Proxy, it is immediately and automatically displayed for all registered users to see. 2.27. Technical Downtime In the unlikely event that the Website is inaccessible to Bidders worldwide due to Technical Downtime within the half hour prior to the scheduled Closing Time for any of the Lot Groups, the Closing Time of that Lot group and subsequent Lot Groups will be extended by the duration of the Technical Downtime. In case the Technical Downtime extends beyond the Closing Time for a particular Lot Group, the Website shall, after the Technical Downtime, show the Auction for the particular Lot Group as closed. However, the Closing Time for such Lot Group and subsequent Lot Groups shall be extended by the duration of the Technical Downtime and appropriate details of the extension shall be published on the Website shortly after recovery from the Technical Downtime. Note that any malfunction in

the Mobile Application does not constitute Technical Downtime. In the event of such malfunction, Bidders should use the Website to place Bids. 2.28. Bids recorded prior to any Technical Downtime will be treated as valid according to the Conditions of Sale. Artiana shall not be liable for any loss of information due to the Technical Downtime.The data logs of the Artiana Server will determine the duration of the Technical Downtime and any determination made by Artiana in respect of extension of the Closing Time shall be final.

3.1. Artiana offers all Property(ies) for sale at the Auction “as is”, which means that the Property(ies) are sold with all existing faults and imperfections. Measurements are given as Height x Width x Depth in decimal inches (rationalized to the closest 0.25, 0.5, 0.75) and in decimal centimetres.Artiana encourages all potential Buyers to inspect each item carefully before Bidding. 3.2. Any statements made by Artiana about any Property(ies), whether orally or in writing concerning attribution to, for example, any school of art or craftsmanship, country or origin, history or provenance, are only expressions of Artiana’s own opinion or belief. Such opinions or beliefs including the estimate values of the properties have been formed honestly in accordance with the standard of care expected of an auction house. However, Artiana does not in anyway represent that it has carried out exhaustive research or analysis, and it is therefore recommended, especially in cases of Property(ies) of high value, that potential Buyers seek advice on such matters from their own professional advisors. 3.3. The Buyer undertakes: • to inspect and satisfy himself prior to the Auction as to the condition and description of the Property(ies); • to rely on his own judgment as to whether the Property(ies) matches its description; and • to not rely on an illustration of any Property(ies) given in the Catalogue 3.4. Neither Artiana nor any of its affiliates, agents, representatives, employees or directors shall be liable for errors or omissions in any of the representations made in the Auction Catalogue or otherwise with respect to authenticity, description, or condition of any Property(ies) for sale through the Auction.

4.1. Artiana provides an assurance on behalf of the Seller that each artwork offered at auction, is a genuine work of the artist listed. Artiana guarantees the authenticity of such artwork for a period of six months from the auction closing date.Authenticity in relation to artworks shall mean compliance of the artwork with the description provided on the website, particularly with reference to the name of the artist, title (if any) of the artwork, date, the school of art (if mentioned), dimensions, medium, etc. In the unlikely event that within six months from the close of an auction, it is proved by the Buyer, to the reasonable satisfaction of Artiana, that the item was not authentic and if, in Artiana’s opinion, this would have significantly impacted the Winning Bid for the item, Artiana shall be entitled to rescind the sale. In such an event, the Seller will be liable to refund the payment for the item to the Buyer,

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through Artiana. The item in question will subsequently be returned to the Seller. All such claims will be handled on a case-by-case basis, and in the case of an authenticity claim in relation to an artwork, examinable proof, clearly demonstrating that the item is not authentic, will be required. Such examinable proof should be provided by an established and acknowledged authority. Artiana’s decision, with regards to such claims, shall be final and binding. 4.2. The above guarantee given in clause 4.1 shall be subject to the following conditions: • The claim is made by the Buyer as registered with Artiana (the benefit of the claim is not assignable to any subsequent owners or others who may acquire or have an interest in any of the Properties) • The Property is returned in the same condition that it was in at the time of delivery of the Property to the Buyer • The Property was indisputably purchased through Artiana 4.3. In the case of Properties which have been categorised by Artiana as Precious Objects,Artiana provides an assurance, on behalf of the Seller, that each piece shall comply with characteristics or features mentioned in the Description of the Property in the Auction Catalogue for as long as the Property is in the possession of Artiana. All colored stones unless certified may or may not be treated for enhancements. It is therefore advisable for Buyers or potential Buyers of such Properties, to inspect the Property prior to Bidding or prior to shipment or Buyer pickup from Artiana. In the unlikely event that during such inspection, the Buyer is able to prove to the reasonable satisfaction of Artiana that the Property does not match the details in the Description, and if, in Artiana’s opinion, Bidders being aware of such error or omission would have Bid significantly less than the actual Sale Price, Artiana shall be entitled to rescind the sale and the Seller will be liable to refund to the Buyer the Sale Price paid for the Property; and Artiana shall hand over the Property to the Seller upon refund of the Sale Price paid to him for the Property. Once Artiana obtains the refunded amount from the Seller, it shall forward the same to the Buyer.This guarantee will not be applicable where the Property is being shipped to the Buyer by Artiana. 4.4. In the case of Properties such as antiquities or items of historical interest which have been categorised by Artiana as Cultural Artifacts, Artiana provides an assurance, on behalf of the Seller, that each object of antiquarian or historical interest or significance has been acquired without violating any local or international laws. In the unlikely event that it is proved that the acquisition, provenance and/or ownership of such Cultural Artifacts offered at our Auction is subject to a legal dispute, the Buyer shall keep Artiana indemnified from any such legal proceedings. 4.5. In all cases Artiana retains the right to consult with, at the expense of the Buyer, up to two recognized experts in the field (such experts being mutually acceptable to Artiana and the Buyer), to examine the Property under question before deciding to rescind the sale and offer the refund under the above guarantee.The opinion of the experts shall not be binding on Artiana. 4.6. In the event of the Seller’s failure to refund the proceeds as stated in this clause, the Buyer shall return the Property to Artiana and authorise Artiana as its agent to initiate legal proceedings against the Seller.Any such steps taken or legal proceedings instituted by Artiana, against the Seller, shall be at the cost of the Buyer and Artiana’s liability shall be limited as per Clause 5.1.

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5.1. Artiana has an obligation to refund the Sale Price to the Buyer only upon recovery of such amounts from the Seller and in the circumstances described in Clause 4 above (Authenticity Guarantee). The Buyer indemnifies Artiana from any non-recovery of such amounts and agrees that they shall not hold Artiana responsible in case such amounts are not recoverable from the Seller. Artiana provides insurance coverage on sold Lots for seven days after the Closing Time of the auction.After that period, or once a Lot has been collected (whichever is earlier), the Lot will be entirely at the buyer’s risk. Damages, losses or loss in value of any artworks (including frames) incurred during shipping and transit are not covered as per the insurance policy taken by Artiana. In case the Buyer opts for transit insurance coverage arranged for by Artiana by any of their insurance providers,Artiana shall not entertain any direct claims for damage or loss during shipping and transit and these would have to be directed to such insurance providers; Subject to the authenticity guarantee above, neither Artiana’s suppliers nor Artiana, nor any of Artiana’s employees or agents, shall be responsible, either for the correctness of any statements as to the authorship, origin, date, age, attributes or genuineness of any Property in the sale, or for any mistakes in the Description, or for any faults or defects in the Properties, or for any other act or omission, whatsoever.Artiana offers no guarantee or warranty other than the limited assurance contained in the authenticity guarantee above. 5.2. It is stated and agreed that the rescission of the sale and the refund of the total Sale Price paid by the Buyer is the sole remedy that may be sought by a Buyer, and such remedy is exclusive and in lieu of any other remedy which may otherwise be available under law. Artiana shall not be liable for any incidental or consequential damages incurred or claimed.

All content of the Print Auction Catalogue, eCatalogue and on the Website and Mobile Application are copyright protected in favour of Artiana. All trademarks, names, brand names, etc. used in the Print Auction Catalogue and on the Website and Mobile Application are trademarks of Artiana.Any rights not expressly granted herein are reserved. No image, illustration or written material may be used or required without the prior written permission of Artiana.Artiana and the Seller(s) make no representation or warranty that the Buyer of a Property will acquire any copyright or other reproduction rights in it.

7.1. Artiana may validly serve the Bidder/ Buyer with legal notice, if required, under these Conditions of Sale by: • Sending an email to the email address disclosed by the Bidder/ Buyer to Artiana; or • Sending a courier to the address disclosed by the Bidder/ Buyer to Artiana. 7.2. Such legal notice shall be deemed to have been properly served: • In the case of email transmission - on the date of the transmission; or • In case of transmission by courier - 2 business days after the dispatch of the notice by courier. 7.3. The notices and contract language shall be English.

7.4. Artiana is at all times entitled to involve third parties for ensuring the Buyer’s compliance and performance as per these Conditions of Sale, and the Buyer hereby grants his consent in this regard. 7.5. In the event of any dispute arising out of or in connection with these Conditions of Sale or related thereto in any manner whatsoever, the parties shall first seek settlement of that dispute by mediation in accordance with the Mediation Rules of the DIFC-LCIA Arbitration Centre, which Rules are deemed to be incorporated by reference into this clause.The Buyer irrevocably submits to the jurisdiction of the Dubai International Financial Centre (“DIFC”) Courts and waives any objection it may have to refer the disputes arising out of or in connection with these Conditions of Sale to the DIFC-LCIA Arbitration Centre on the grounds that it is an inconvenient forum (forum non conveniens). If the dispute is not settled by mediation within 60 days of the commencement of the mediation, or such further period as the parties shall agree in writing, then the parties agree to refer and resolve the dispute by arbitration in accordance with Clause 9.

If any part of the Conditions of Sale between the Buyer and Artiana is found legally invalid, illegal or unenforceable, that part may be discounted and the rest of the conditions will remain enforceable to the fullest extent permissible by law. In such cases, the Buyer and Artiana undertake to replace the wholly or partly legally invalid, illegal or unenforceable provision with one which is legally valid, legal or enforceable and whose economic purpose most closely reflects that of the legally invalid, illegal or unenforceable provision.

If the dispute is not settled by mediation in accordance with Clause 7.5 then the dispute shall be referred to and finally resolved by arbitration under the Arbitration Rules of the DIFC-LCIA Arbitration Centre, which Rules are deemed to be incorporated by reference into this clause. In any arbitration commenced pursuant to this clause, (i) the number of arbitrators shall be one; and (ii) the seat, or legal place, of arbitration shall be the DIFC.The language to be used in the arbitration shall be English.The governing law of the contract shall be the substantive law of England and Wales.

CONDITIONS OF FIXED PRICE SALE

Fixed Price Sale: A Private Sale or Selling Exhibition of Property(ies)/Lot(s) to be conducted by Artiana on www.artiana.com or any other website.

By participating in this Fixed Price Sale, you acknowledge that you are bound by the Conditions of Fixed Price Sale as clarified below and listed above in the Conditions of Sale and on the Website.

Fixed Price: The fixed sale price of the Property offered for immediate sale by Artiana in Private Sale or any Fixed Price Sale.

2.1. If a Fixed Price Sale functionality is offered on any of the Property permitting the Buyer to purchase such a Property at the Fixed Price displayed on the Website, or as communicated to the Buyer in response to their enquiry for that Property, the above listed Conditions of Sale will apply to the sale in the same manner as if the Buyer had been the Winning Bidder in an auction for that Property.

Private Sale: A Fixed Price Sale of Property(ies)/Lot(s) conducted by Artiana outside of auction confidentially or on www.artiana.com or any other website. Selling Exhibition: A Fixed Price Sale of Property(ies)/Lot(s) to be conducted by Artiana on www.artiana.com or any other website on the date indicated in the Exhibition Catalogue. Viewing Room: The web pages on the Website relating to Private Sale, as may be amended from time to time including web pages accessible via the link “Viewing Rooms” (including all pages providing details related to the Property(ies)), as well as additional pages containing details of the Viewing Room accessible via the link “Private Sales.”

2.2. Our Conditions of Fixed Price Sale are applicable on all our Private Sale transactions, including Property offered in any of our Viewing Room or Selling Exhibition, and binding on all participants thereof.

SAKTI BURMAN : THE MYTHICAL METAVERSE

CONDITIONS OF SALE FOR NON-FUNGIBLE TOKENS All non-fungible tokens will be subject to the terms in this Conditions of Sale for Non-Fungible Tokens in addition to the terms outlined in the Conditions of Sale above. 1. DEFINITIONS Blockchain Wallet: A digital wallet that allows users to store and manage their ETH and other digital currencies. Ethereum: A decentralised, open-source blockchain with smart contract unctionality. ETH: Ether or ETH is the native digital currency of the Ethereum blockchain. NFT: A non-fungible token established on a blockchain. REFERENCED CONTENT: The metadata, content, digital asset and/or physical item, if any, to which the NFT relates. 2. GENERAL TERMS 2.1. The Buyer acknowledges and agrees that our staff are not information technology or data experts and that by bidding in an NFT auction or by buying at any of our NFT private sales, you accept that NFTs are subject to inherent technological risks which may affect their performance now or in the future. The Buyer further acknowledges and agrees that the characterisation and regulatory scheme governing NFTs, digital currencies and blockchain technology is uncertain and undetermined, that their purchase and receipt of the NFT complies with applicable laws and regulations in their jurisdiction, and that new regulations or policies may materially adversely affect the auction or the NFT. The Buyer also acknowledges and agrees that the NFT may be subject to resale royalties through the application of the smart contract on any subsequent resales of the NFT. On any such resale by them, they may be obligated to collect and remit to the appropriate party resale royalties as applicable, and they are responsible for any network fees that may apply to such payments as well as any transaction duties imposed by law. 2.2. In addition to the above, neither we nor the Seller make any representations or warranties as to the following: • Whether any Referenced Content is subject to copyright or whether the Buyer acquires any copyrights, including but not limited to, any reproduction rights in any Referenced Content; • The nature, character, contents, condition, behaviour, operation, performance, security, integrity, metadata, persistence, quality, technical details or terms of the NFT or the Referenced Content, including without limitation any further iterations of the same; • That the NFT or Referenced Content or the delivery mechanism for the NFT does not contain viruses or malware or other harmful components, or that either will function as any bidder or Buyer expects or without error or mistake; • The uniqueness of the Referenced Content; • The authenticity of the Referenced Content; • That an NFT is reliable, correctly programmed, compatible with your or others’ computer systems, up-to-date, error-free, compatible with your Blockchain Wallet or meeting your requirements, or that defects in the NFT can or will be corrected;

ARTIANA

• the accuracy or reliability of any simulation or videos depicting the intended performance of the NFT or the Referenced Content, whether displayed on our website or any other platform. 2.3. After transfer of the NFT to the Blockchain Wallet specified by the Buyer, they are thereafter responsible for secure storage of the NFT in the wallet or other storage mechanism used to receive and/or hold the NFT. The Buyer further acknowledges that they are solely responsible for any risks associated with the transferring, creating, holding, storing, or use of NFTs or a Blockchain Wallet, as applicable, including network failures or disruptions; corrupted wallet files; viruses, phishing, bruteforcing, hacking, security breaches, mining attacks, or other means of attack against the NFT; risk of losing access to the NFT due to loss of private key(s); custodial or buyer error; regulatory interference in one or more jurisdictions; token taxation; personal information disclosure; uninsured losses; failure to provide appropriate maintenance (including without limitation hosting); and other unanticipated risks. Neither we nor the Seller will not be responsible for any such risks or losses. 2.4. Neither we nor the Seller will be liable for any loss related to damage or corruption to the Referenced Content, failure of the NFT to reference the Referenced Content, or loss of, or other security or persistence issues related to, the Referenced Content. 2.5. The Buyer acknowledges and agrees that clause 4 of Conditions of Sale set forth above will not apply to NFTs and the Buyer will not have the right to cancel the sale under the terms of this clause. 2.6. The Buyer acknowledges and agrees that NFTs are not issued, minted or tokenized by us and we are solely acting as the NFT Seller’s agent to offer the NFT for sale at the auction or in private sales. 2.7. The Buyer acknowledges and agrees that we are only selling the ownership rights to the NFT and not the Referenced Content and in no way are we associated with or responsible for any resales or secondary market sales of the NFT or the Referenced Content or any iterations of the same. Any copyright(s) in and to the NFT and Referenced Content remains with the creator(s) thereof, and the purchase of the NFT does not constitute an assignment thereof. 2.8. The Buyer acknowledges and agrees that transfer of ownership to an NFT will not guarantee continuous access to the Referenced Content to which it relates and you further acknowledge and agree to the risks associated with purchasing, using, transferring, and owning NFTs, as applicable, including, but not limited to, telecommunications, network, server, or blockchain failures, malfunctions, or disruptions; risk of losing access to the NFT due to the lost or forgotten private key(s) or password(s) or corrupted wallet files; mistyped addresses or incorrectly constructed transactions; viruses, phishing, brute-forcing, hacking, security breaches, mining attacks, or other means of cyber-security attack; custodial or buyer error; regulatory interference in one or more jurisdictions; token taxation; personal information disclosure; uninsured losses; and other unanticipated risks. 2.9. The Buyer acknowledges and agrees that neither they nor we nor the Seller will be liable for any special, consequential, indirect, incidental or punitive damages, including, as applicable, damages relating to any of the risks or disclaimed attributes or any loss whatsoever related to damage or corruption to the Referenced Content, failure of the NFT to reference the Referenced Content, or loss of, or other security or persistence issues related to the Referenced Content.

2.10. The Buyer acknowledges and agrees that they have sufficient understanding of NFTs, Blockchain Wallets and other storage mechanisms, digital currencies, blockchain technology, and the use, characteristics, functionality, programming, and/or other material characteristics of all of the foregoing, to fully understand and agree to these Conditions and the disclaimers and risks outlined herein, or have consulted with professional advisors in relation to the foregoing such that any participation by you in the auction of any NFT constitutes an informed acceptance of such disclaimers and risks.

3. PAYMENTS 3.1. All NFTs are eligible for payment only in ETH (Ether), which is the native currency of the Ethereum blockchain, payments made in ETH shall be subject to the terms in this Conditions of Sale for NonFungible Tokens in addition to the terms outlined in Conditions of Sale above. We will accept payment in ETH only for NFTs. These NFTs will be listed as eligible for such payment in the Catalogue or by any oral or written announcement or notice prior to or during the sale. 3.2. The payment due will be the total listed ETH amount, and the Buyer will be responsible for applicable network fees required to successfully conduct the transaction on the blockchain.

• The Blockchain Wallet or account is not directly or indirectly hosted, operated, or otherwise controlled by anyone that is the subject of Sanctions or located, resident, or organised in a Sanctioned Jurisdiction. • The ETH in the Blockchain Wallet or account used for the bid or purchase were not sourced from anyone that is the subject of Sanctions or located, resident or organised in a Sanctioned Jurisdiction. • The payment by the Buyer in ETH will not cause (or otherwise result in) us, Sellers, or anyone else to violate any Sanctions, antimoney laundering, anti-terrorism, anti-bribery or anti-corruption laws, or any other applicable laws. • We shall have no liability for any payment made by the Buyer in ETH that is not received by us for whatever reason. • The Buyer acknowledges the risks inherent to making payments in ETH using the blockchain and Blockchain Wallets, including without limitation the risk of faulty or insufficient hardware, software, and internet connections; the risk of introduction or intrusion of malicious code or software; the risk of hacking or unauthorised access to your Blockchain Wallet or information stored therein, or of theft or diversion of funds therefrom; volatility and unstable or unfavourable exchange rates; and the risk of unfavourable regulatory intervention and/or tax treatment in relation to transaction in such digital payments. The Buyer agrees that ARTIANA will have no liability for any of the foregoing.

3.3. Payment must be made by the Buyer from a Blockchain Wallet maintained in name of the Buyer. 3.4. Partial payments from multiple Blockchain Wallets or accounts will not be accepted, and the Buyer will be required to provide documentation reasonably requested to confirm that they own the wallet used to make the payment. 3.5. If payments are made other than in accordance with these clauses we may, in our sole discretion, return those funds to the Buyer and hold the Buyer responsible for all third-party fees (including, without limitation, network fees, taxes, transfer fees, etc.). 3.6. The Buyer acknowledges and agrees that once they initiate a payment transaction on the blockchain, the transaction cannot be reversed; this is inherent in the nature of blockchain transactions and not a policy set by us and the Buyer is responsible for verifying that you have sent the correct amount to the correct Blockchain Wallet address. 3.7. The Buyer represents and warrants the following: • The Buyer owns the Blockchain Wallet and the ETH used to make payment.

SAKTI BURMAN : THE MYTHICAL METAVERSE

ARTIANA GUARANTEE

All artworks offered for sale by Artiana are authentic to the best of Artiana’s knowledge. Artiana provides the following assurance to buyers on behalf of the seller who may be a collector, dealer, retailer or gallery, that each artwork offered for sale on the site is a genuine work of the artist listed. Artiana guarantees the authenticity of the artwork for a period of six months from the auction closing date. Authenticity in relation to artworks shall mean compliance of the artwork with the description provided on the web site, particularly with reference to the name of the artist, title (if any) of the artwork itself, date, the school of art (if mentioned), dimensions, medium etc. In the unlikely event that within six months from the close of an auction, it is proved by the buyer to the reasonable satisfaction of Artiana that the item was not authentic and if, in Artiana’s opinion, this would have significantly impacted the price a buyer would have been willing to pay for the item,Artiana shall be entitled to rescind the sale, and the seller will be liable to refund to the buyer the price paid for the item. Once the buyer returns the item to Artiana it shall be handed over to the seller by Artiana. All such claims will be handled on a case-by-case basis, and in the case of an authenticity claim in relation to an artwork, such claim will require that examinable proof, which clearly demonstrates that the item is not authentic, is provided by an established and acknowledged authority.The decision of Artiana in respect of such claims shall be final and binding. This guarantee shall be subject to the following conditions: 1. The claim is made by the buyer as registered with Artiana (the benefit of the claim is not assignable to any subsequent owners or others who may acquire or have an interest in any of the items). 2. The Property is returned in the same condition that it was in at the time of delivery of the item to the buyer. 3. The Property was indisputably purchased through Artiana. Artiana retains the right to consult with, at the expense of the buyer, two recognised experts in the field, (such experts being mutually acceptable to Artiana and the buyer), to examine the item under question before deciding to rescind the sale and offer the refund under the above guarantee.The opinion of the experts shall not be binding on Artiana. In the event of the seller’s failure to refund the proceeds as stated above, the buyer shall return the item to Artiana and authorise Artiana as its agent to initiate legal proceedings against the seller. Any such steps taken or legal proceedings instituted by Artiana against the seller shall be at the cost of the buyer.

ARTIANA

COLLECTION AND STORAGE Lots will only be released from our viewing gallery or art storage facility upon presenting a delivery order issued by Artiana. Lots will not be released until all outstanding charges due to Artiana are settled

Please note that Lots in our art storage facility can be collected only by prior appointment from Artiana, P2-22B, Park Towers, DIFC, Dubai, UAE

ARTIANA Help Desk: T: +971 55 815 3030 E: info@artiana.com Office Hours: 10.30 am - 6.30 pm

P2-22B, Damac Park Towers, DIFC, Dubai, UAE

Important Information • All Lots will be stored free of charge for 15 days from the auction closing date either at Artiana’s viewing gallery or at our art storage facility. • After 15 days from the closing date of the auction, Lots shall be subject to a daily storage charge of USD 4 per Lot plus an administrative fee of USD 50 payable to Artiana. • As set out in the Conditions of Sale, risk and responsibility for the sold Lots (including frames or glass where relevant) passes to the Buyer at the Auction Closing Time. Artiana provides insurance coverage for sold Lots for seven days after the auction. Buyers are reminded that it is their responsibility to arrange adequate insurance for purchased Lots thereafter. • Lots sold at auction may be subject to import restrictions/taxes of foreign countries. It is the buyer’s sole responsibility to obtain any relevant import license into the buyer’s own country of residence and settle any taxes and destination clearance charges due. • Shipments can only be made once all outstanding charges due to Artiana are settled and full payment of all shipping charges is received by the logistics service provider.

SAKTI BURMAN : THE MYTHICAL METAVERSE

AFRICAN ART MODERN AND CONTEMPORARY ONLINE AUCTION (NO BUYER’S PREMIUM) MARCH 2022

NOW ACCEPTING CONSIGNMENTS

FINE WATCHES ONLINE AUCTION (NO BUYER’S PREMIUM) MARCH 2022

NOW ACCEPTING CONSIGNMENTS

SOUTH ASIAN ART MODERN AND CONTEMPORARY ONLINE AUCTION (NO BUYER’S PREMIUM) APRIL 2022

NOW ACCEPTING CONSIGNMENTS

• Fully climate controlled art storage facility • In-house art handling truck for transportation • Bespoke collection management services • Located in the safe and convenient jurisdiction of Dubai International Financial Centre (DIFC) • Assets stored are governed by a common-law framework with laws and regulations issued in English

ARTIANA | Sakti Burman | The Mythical Metaverse | NFT Selling Exhibition | 14 Jan - 31 Mar 2022

Articles inside

Additional information on the Flexipay scheme is available on

Additional information on the buying process is available on