Bids Clausole campione

Bids. 2.1 Bids may be submitted in person in the room during the auction, in a written offer before the auction begins, by phone or via the internet (in the latter case only if the specific auction admits this possibility). 2.2 The offer and sale by Il Ponte of lots over the internet or by using the phone are both distance contracts governed by Chapter I, Title III (Articles 45 et seq.) of Legislative Decree 6 September 2005, no. 206 (Consumer Code) and Legislative Decree 9 April 2003, no. 70, which include the regulations of electronic commerce. 2.3 Bids are generally increased by 10% unless otherwise determined by the auctioneer and communicated before the auction begins. 2.4 In the event bids of an equal amount are submitted through the same method (that is presented in the auction room, by telephone, in writing or online), Il Ponte will take into consideration only the bid received first. 2.5 Where a dispute arises concerning the successful bid, the lot may be withdrawn from the auction - at the sole discretion of the auctioneer - or relisted for auction on the same day (in this case, the bids relating to the lot made previously will no longer be taken into account). 2.6 At its own discretion, Il Ponte has the right to exclude anyone from participating in the auctions; in particular, Il Ponte may refuse to allow any potential buyer who has not previously fulfilled his obligations to Il Ponte, even by way of compensation, to participate in the auction. 2.7 The auctioneer conducts the auction starting from the bid he considers suitable. The auctioneer can put consecutive bids or respond to other bids in the interest of the Seller up to the Reserve Price (the minimum price agreed confidentially between Il Ponte and the Seller, below which the lot will not be sold). 2.8 At any time Il Ponte has the right to withdraw any lot offered for sale. The auctioneer has the right, at his sole discretion, to combine or separate lots and to vary the order of sale from the one indicated in the catalogue, provided that the lot is not offered for sale any day prior to the one indicated in the auction catalogue. 2.9 In regard to each potential buyer, Il Ponte reserves the right to subordinate participation in the auction to the presentation of a letter of bank references or the deposit of a sum that guarantees the proper fulfilment of the obligations laid down in these Terms and Conditions of Sale, which will be returned once the auction has ended.

Bids. Bidding will be in accordance with the lot numbers listed in the catalogue. ▇▇▇▇▇▇ ▇▇▇▇▇ & associés is free to set the order of the progression of the lots, and bidders are required to conform to this. The auctioneer and the bailiff have the right to raise the bidding, separate, join or withdraw any lot, and at their complete discretion. The highest and last bidder shall be the Buyer. Should ▇▇▇▇▇▇ ▇▇▇▇▇ & associés recognise two simultaneous bids on an object, the lot will be put up for sale again, and all those present in the saleroom may participate in the second opportunity to bid. For the Buyer’s guidance, a currency converter will be operated at some auctions showing rates of conversation applying on the date immediately preceding the date of sale, as notified to ▇▇▇▇▇▇ ▇▇▇▇▇ & associés by a major bank. ▇▇▇▇▇▇ ▇▇▇▇▇ & associés shall accept no responsibility in this respect, in particular for any mistakes in the conversion into Swiss Francs and / or foreign currencies. If the reserve price is not reached, the auctioneer can refuse the last bid and fix a new price of that of the reserve price. In the event of there being no offer equal or higher than the reserve price, ▇▇▇▇▇▇ ▇▇▇▇▇ & associés will withdraw the lot from the auction. In this case, ▇▇▇▇▇▇ ▇▇▇▇▇ & associés reserves the right to sell the piece by mutual agreement after the closure of the auction. The price at this point will not be below the reserve point, unless with the prior agreement of the Seller.

Bids. Lots are awarded to the highest bidder. Ferrario Aste S.r.l. reserves the right to cancel the assignment in the event of any disputes. No bids below starting price will be accepted, nor “without limit” bids, or “upon examination” bids or rather offers that include lots as an alternative to the one indicated. The starting price in the saleroom of the single lots will be the one indicated as base, except in the case of offers for correspondence, in which case the starting price will be that of the subsequent increment to the second to last higher offer (ex: a lot with a € 100 auction base, which receives three offers of € 100, € 200 and € 300, will start from € 220 in the room). In the case of correspondence offers of the same amount, that which came first will take precedence; in any case, offers by correspondence will have priority over the offers in the saleroom. The auctioneer reserves the right to withdraw, add, group or divide lots, as well as the right to refuse a bid in the saleroom or a commission bid. The size of increments will be regulated at the auctioneer’s discretion, not over 10%. The minimum increment will be € 5,00.

Bids. 2.1 Bids for the purchase of lots may be submitted in person in the room during the auction, in a written offer before the auction begins, by phone or via the internet (in the latter case only if the specific auction admits this possibility). 2.2 Bids are increased by 10% (compared to the previous bid) unless otherwise determi- ned by the auctioneer and communicated during the auction. 2.3 In the event bids of an equal amount are submitted through the same method (that is presented in the auction room, by telephone, in writing or online), Il Ponte will take into consideration only the bid received first. 2.4 Where a dispute arises concerning the successful bid, the lot may be withdrawn from the auction - at the sole discretion of the auctioneer - or relisted for auction on the same day (in this case, the bids relating to the lot made previously will no longer be taken into account). 2.5 At its own discretion, Il Ponte has the right to exclude anyone from participating in the auctions; in particular, Il Ponte may refuse to allow any potential buyer who has not previously fulfilled his obligations to Il Ponte, even by way of compensation, to participate in the auction. 2.6 The auctioneer conducts the auction starting from the bid he considers suitable. The auctioneer can put consecutive bids or respond to other bids in the interest of the Seller up to the Reserve Price (the minimum price agreed confidentially between Il Ponte and the Seller, below which the lot will not be sold).