ARTIANA | Fine Watches: The Rolex Edit | Online Auction | No Buyer's Premium | 21-26 October 2022

‘WhatYouBidis

‘BidNowPayLater’ October26,2022

6:00p.m onwards

Time October31,2022

5:30p.m to7:00p.m.

Time

END OFSALE

BRANDPROFILE

RolexS.A.isaluxurywatchmanufacturerbasedinGeneva,Switzerland.OriginallyfoundedasWilsdorfandDavisbyHansWilsdorfandAlfred DavisinLondon,Englandin1905,thecompanyregisteredRolexasthebrandnameofitswatchesin1908.In1920thecompany'snamewas officiallychangedtoMontresRolexS.A.andlatertoRolexS.A.Wilsdorf'sdesirefororiginalityandqualityledhimtodevelopasmallcalibrein cooperationwiththefirmofAeglerinBienne,SwitzerlandthatrevolutionizedthewristwatchesandbroughthimtotheforefrontoftheSwiss watchmakingindustry.Wilsdorfbelievesthatthethreevitalcomponentstoagoodwatchareprecision,waterproofness,andautomaticwinding.With morethanacenturyintheindustry,Rolexpridesitselfonprecision,accuracy,anddurabilitystandingonitsfounder'sbeliefthatqualityandpride inmanufacturingwereimperative.Tothisdate,thecompanycontinuestoproducedmillionsofcertifiedchronometersandwristwatchestothesame exactingstandardsitwasfoundedon.

IT’S EASYTO BUY AT ARTIANA

1.BROWSING

2.BIDDING

3.PAYING AND TAKINGIT HOME

BeforeBidding, Clientsare welcometo browsethroughourLotsandseewhat we havetooffer Artianaoffersa varietyof waystodiscovermoreaboutourLots, so makethemostof yourbrowsing:

AuctionCatalogue

Ourcataloguesareavailableonourwebsite, mobileapp, as wellasinprintform, andare a great 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! You hold the WinningBidandaretheSuccessful Bidder Once youhavepaidfor your purchase, deliverycanbearranged. NoBuyer’sPremium

ArtianadoesnotchargeanyBuyer’s Premiumoverandabovethe WinningBid. ‘What YouBidIs WhatYou Pay’.

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

AUCTION CLOSING SCHEDULE

For yourconvenience, particularlyif youarebiddingonmorethanonelot, predetermined groupsofLotsarescheduledtocloseat30-minutetime intervalsduringtheAuction.

IfaBidisplacedwithinthelast5minutes, thetimeron yourscreenwillbeextended by5minutesafterthescheduledClosing TimeoftheLot. Thetimerwillcontinuetobeextendedin5minuteincrementsforanyBiddingreceivedinthe5minutespriortothenewClosing Timeofsuch Lot Aswithatraditionalauctionhouse, biddingwillcontinueoneachlotuntilthereisnomoreinterestinthe room.

Lotshavebeenallottedinto groups, andtheclosingscheduleforthe variousLotGroupsareasfollows:

1-5 5:30 p.m. 7:00 p.m. 9:30 a.m. 6:30 a.m. 2:30 p.m. 2:30 p.m. 4:30 p.m. 9:30 p.m. 12:30 a.m. (November 1)

6-10 6:00 p.m. 7:30 p.m. 10:00 a.m. 7:00 a.m. 3:00 p.m. 3:00 p.m. 5:00 p.m. 10:00 p.m. 1:00 a.m. (November 1)

11-15 6:30 p.m. 8:00 p.m. 10:30 a.m. 7:30 a.m. 3:30 p.m. 3:30 p.m. 5:30 p.m. 10:30 p.m. 1:30 a.m. (November 1)

16-20 7:00 p.m. 8:30 p.m. 11:00 a.m. 8:00 a.m. 4:00 p.m. 4:00 p.m. 6:00 p.m. 11:00 p.m. 2:00 a.m. (November 1)

Toenter Written/AbsenteeBids, pleasesignthecompletedformandemailittoauction@artiana.comatleast12hoursbeforethe firstclosingtimeofthe auction Foradditionalinformation, please refertothe‘It’sEasytoBuyatArtiana’ and‘BuyingatArtiana’ sectionsinthiscatalogueorthe‘FrequentlyAsked Questions’ (FAQ’s)pageonourwebsitewww.artiana.com.

“I request Artiana, withoutlegalobligationonitspart, toBidontheLotslistedbelow, uptotheMaximumBid AmountIhavespecified. Iagreethat myBid willbetreatedasanofferandissubjecttotheConditionsofSalelistedinthecatalogueandonthewebsitewww.artiana.com IunderstandthatArtianais accepting Written/AbsenteeBidsfortheconvenienceofclientsandIwillnotholditliableforfailuretorecord myBid IunderstandthattheMaximum WrittenBidonce recordedcannotbecancelledandcanonlybeincreasedviaemailconfirmationorbycompletinganother Written/AbsenteeBidsForm, specifyingthehighermaximumBidamount/s.”

PleasementionclearlyincapitalletterstheLot numberandthedescriptionaccurately(artistname, title). Biddersare requestedtoprovideallinvoicing detailspriortothesale TheBidderas registeredwith Artianawillbeinvoiced, andnoinvoiceswillbechangedafterthesale.

Biddingbeginsbelowthelowerestimate, andincreasesinsteps, orincrements Thenext validBidisbasedontheincrementslistedbelow IfBidders enteraProxyBidonline, thenextBidisplacedattheminimumincremental value.

AllthelotsinthecataloguearecategorizedintoSilver,Gold,PlatinumandDiamondLevelsbasedontheirLowerEstimatevalues.Thehighvalue lotswillbecategorizedasGoldLevel,PlatinumLevelandDiamondLevelforwhichbiddingaccessattheselevelswouldberequired

2.Iunderstandthatif

3.Iunderstandthat

andthe

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.

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

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).

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.

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.

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.)

2.4. Closing Times

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.

2.5. TrackingBids

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.

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. The AuctionisconductedinUnitedStatesDollars(USD)and, foranytransactioninothercurrencies, theexchangeratewillbe calculatedasperthesheetrateofthebankspecified by Artianaonthe

2.18. Artiana reservesthe righttonot awardthe WinningBidtothe highestBidderattheClosingDateifitdeemsitnecessarytodoso.

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,

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.

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.

Allartworksofferedforsale by Artianaareauthentictothebestof Artiana’sknowledge.

Artianaprovidesthefollowingassuranceto buyersonbehalfofthesellerwhomaybeacollector, dealer, retailerorgallery, thateachartwork offeredforsaleonthesiteisagenuine workoftheartistlisted.

Artianaguaranteestheauthenticityoftheartworkforaperiodofsixmonthsfromtheauctionclosingdate Authenticityin relationtoartworks shallmeancomplianceoftheartworkwiththedescriptionprovidedonthe website, particularlywith referencetothenameoftheartist, title(if any)oftheartworkitself, date, theschoolofart(ifmentioned), dimensions, mediumetc.

Intheunlikely eventthatwithinsixmonthsfromthecloseofanauction, itisproved bythe buyertothe reasonablesatisfactionof Artianathatthe item wasnotauthenticandif, in Artiana’sopinion, this wouldhavesignificantlyimpactedthepricea buyer wouldhavebeenwillingtopayforthe item,Artianashallbeentitledto rescindthesale, andthesellerwillbeliableto refundtothe buyerthepricepaidfortheitem. Oncethe buyer returnstheitemto Artianaitshallbehanded overtotheseller by Artiana.

Allsuchclaimswillbehandledonacase-by-casebasis, andinthecaseofanauthenticityclaimin relationtoanartwork, suchclaimwill require thatexaminableproof, whichclearlydemonstratesthattheitemisnotauthentic, isprovided byanestablishedandacknowledgedauthority The decisionofArtianainrespectofsuchclaimsshallbe finalandbinding.

Thisguaranteeshallbesubjecttothefollowingconditions:

1.Theclaimismade bythe buyeras registeredwith Artiana(thebenefitoftheclaimisnotassignabletoanysubsequent ownersorotherswho mayacquireorhaveaninterestinanyoftheitems).

2.ThePropertyis returnedinthesameconditionthatit wasinatthetimeofdeliveryoftheitemtothe buyer.

3.TheProperty wasindisputablypurchasedthrough Artiana.

Artiana retainsthe righttoconsultwith, attheexpenseofthe buyer, two recognisedexpertsinthefield, (suchexpertsbeing mutuallyacceptableto Artianaandthe buyer), toexaminetheitemunderquestionbeforedecidingto rescindthesaleandofferthe refundundertheaboveguarantee The opinionoftheexpertsshallnotbebindingonArtiana.

Inthe eventoftheseller’s failureto refundtheproceedsasstatedabove, the buyershall returntheitemto Artianaandauthorise Artianaasitsagent toinitiatelegalproceedingsagainsttheseller Anysuchstepstakenorlegalproceedingsinstituted by Artianaagainstthesellershallbeatthecostof thebuyer.

COLLECTION AND STORAGE

Lotswillonlybereleasedfromourviewing galleryorartstoragefacilityuponpresenting adeliveryorderissued by Artiana. Lotswill notbereleaseduntilalloutstandingcharges duetoArtianaaresettled

PleasenotethatLotsinourart storagefacilitycanbecollected onlybypriorappointmentfrom Artiana, P2-22B, Park Towers, DIFC, Dubai, UAE

ARTIANA HelpDesk: T: +971558153030 E: info@artiana.com OfficeHours: 10.30am-6.30pm

P2-22B, DamacParkTowers, DIFC,Dubai,UAE

ImportantInformation

•AllLotswill bestoredfreeofchargefor15days fromtheauctionclosingdateeitheratArtiana’sviewinggalleryoratourart storagefacility.

•After15daysfromtheclosingdateoftheauction, LotsshallbesubjecttoadailystoragechargeofUSD4perLotplusanadministrativefeeof USD50payabletoArtiana.

•AssetoutintheConditionsofSale, riskand responsibility forthesoldLots(includingframesorglasswhere relevant)passestotheBuyerat the AuctionClosing Time ArtianaprovidesinsurancecoverageforsoldLotsforsevendaysaftertheauction. Buyersare remindedthatitistheir responsibilitytoarrangeadequateinsuranceforpurchasedLotsthereafter.

•Lotssoldatauctionmaybesubjecttoimport restrictions/taxesofforeigncountries. Itisthe buyer’ssole responsibilitytoobtainany relevant importlicenseintothe buyer’s owncountryof residenceandsettleanytaxesanddestinationclearancechargesdue.

•Shipmentscanonlybemadeoncealloutstandingchargesdueto Artianaaresettledandfullpaymentofallshippingchargesis received bythe logisticsserviceprovider.