MAZAD & MILLON: A SPECIAL MOROCCAN COLLECTION

At the SOFITEL MARRAKECH Hotel Tuesday, December 27 - 2pm to 8pm Wednesday December 28 From 10am to 8pm Thursday, December 29 - From 10am to 2pm

Mazad et Art is a public auction company. Mazad et Art acts as the seller's agent. The auctioneer is not a party to the sales contract, which is exclusively between the seller and the successful bidder. The general terms and conditions may be modified by notices or during the auction. GENERAL The sale is conducted in cash and prices are in dirhams. The sale is made in DIRHAM only, estimates in euros are indicative. Buyer payments will be made in dirhams. GUARANTEES The seller warrants to Mazad et Art that it is the undisputed owner, or is duly authorized by the undisputed owner, of the goods. offered for sale. A preliminary exhibition open to potential buyers will allow the seller or any expert who may accompany him to examine the works and personally appraise them. Prospective buyers must verify the description of the lots and form their own opinion, excluding any liability on the part of Mazad et Art. Indications given by Mazad et Art as to the existence of any restoration, accident or incident affecting the lot, are expressed to facilitate its inspection by the prospective buyer and remain subject to his personal appreciation or that of his expert. The absence of any indication of restoration, accident or incident in the catalog, reports, labels or verbally, in no way implies that an item is free of any present, past or repaired defect. The mention of any defect does not imply the absence of any other defect. No claims (accidents, alterations, restorations) will be accepted once the sale has been announced. ESTIMATES AND RESERVE PRICES The estimated sale price appears next to each lot in the catalog. It does not include buyer's expenses or VAT. Dimensions are given for information only. Estimates are purely indicative and cannot be considered as implying the certainty that the item will be sold at the estimated price or even within the estimate range. Estimates do not constitute a guarantee of any kind. Estimates may be provided in several currencies; conversions may be rounded off differently from legal rounding. The reserve price is the confidential minimum price agreed with the seller, below which the property will not be sold. PURCHASE ORDERS AND TELEPHONE AUCTIONS Purchase orders and telephone bids must be made in writing, accompanied by a bank details form (RIB) and a copy of an identity document. In the event of several identical purchase orders, the first received will prevail. In both of the above cases, Mazad et Art cannot be held responsible in the event of execution problems (omission, faulty or busy telephone line). SALE Prior to the sale, bidders are invited to make themselves known to Mazad et Art in order to register their personal details and obtain a paddle. Without a paddle, it is impossible to bid. The sale takes place in the order of the lot numbers shown in the sales catalog. The auctioneer is free to determine the order in which bids are placed, and bidders are obliged to comply. Mazad et Art reserves the right to refuse any bid, to organize the bidding in the most appropriate way, to move certain lots during the sale, to withdraw any lot from the sale, to combine or separate lots. Subject to the decision of the person conducting the sale for Mazad et Art, the successful bidder will be the person who has made the highest bid, provided that it is equal to or higher than the reserve price. The blow of the hammer will mark the end of the bidding, and the pronouncement of the word "adjugé" or any other equivalent will result in the formation of the sales contract between the seller and the last successful bidder. As soon as the lot is sold, the buyer takes full responsibility for it. It is the buyer's responsibility to insure the lots. If two bidders have made equivalent bids, the item will be reoffered for sale at the price proposed by the last bidders, and new bids will be opened. All bidders assume full responsibility. The winning bidder may only obtain delivery of the lot after payment of the full price. The successful bidder shall have no recourse against Mazad et Art in the event of theft, loss or damage to the lot after the auction. COSTS TO BE BORNE BY THE BUYER In addition to the hammer price, buyers will pay a commission of 21% exclusive of tax + VAT, i.e. 23.1% inclusive of tax of the hammer price. PAYMENT Full payment (auction price, fees and taxes) must be made immediately after the sale in cash, Carte Bleue or bank transfer. bank transfer. Foreign currencies are accepted. In the case of payment by credit card, Mazad et Art will charge an additional 3% of the hammer price. Bank transfers should be made payable to Mazad et Art SARL: BMCE bank Agence Tanger ville Account Number: 011640000011210002802109 SWIFT : BMCE-MAMCXX In the event of payment by bank transfer, Mazad et Art reserves the right to retain the goods sold until the amount has been paid in full. COLLECTION AND STORAGE Purchases must be collected by the buyer within 10 days of the sale, in which case the buyer will be billed a storage fee of 100 dirhams per day and per lot beyond 10 days. Unsold goods must be collected within 10 days, in which case the seller will be charged storage costs of 100 dirhams per day and per lot beyond 10 days. INTELLECTUAL PROPERTY Mazad et Art is the owner of the reproduction rights of its catalog, any reproduction of which is forbidden and constitutes counterfeiting to its detriment.