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Darley Auctions, is the largest and only auction specializing in antiques and oriental art in the Spanish market. Experience, Trust, Guarantee and Service, this is what Darley Auctions offers to its customers, three generations of collectors of Chinese antiques and also since 1948 jewelers by profession, guarantee and guarantee each and every one of the items we auction, we have a group important specialists, collaborators and professional experts both in antiques, furniture, artistic goods, jewelry, collectors' items and a great team in oriental art both contemporary and ancient.

The seller or assignor trusts us Darley Auctions, “Darley Arts s.l.”, to act as mediators before the potential buyer of said lot in public auction. Otherwise obliged to communicate it reliably to Darley Auctions.

RULES FOR THE BUYER.

1. Identification In order to participate and bid on the different Auctions it is essential to register as a buyer and accept these General Conditions and the privacy policy of Darley Auctions, providing the following documentation, which must be authentic and valid. For any falsehood or manipulation, Darley Auctions will cancel the registered buyer.

-Particulars: Photocopy of your ID or legal document, valid and provided with a photograph. In the event that the good is bid by a third party, the written authorization of the final buyer will be necessary along with its valid ID or legal document, assuming the person making the bid the speed of the documentation provided.

-Legal persons: ID card, deed of incorporation and copy of the sufficient powers granted by the company in your name, to carry out the bid and acquire the good.

2. The exhibition and cataloging of the auction. During the period of prior exposure to the auction, the buyer can check for himself, the status of the lots, as well as verify that the cataloging is reliable and establish his own opinion on these lots. The data and information contained in the catalog represent an opinion in good faith as a result of the study and research of the auction experts and taking into account the statements of their owners and / or sellers. However, Darley Auctions assumes no responsibility for the accuracy and accuracy thereof, not being responsible for the accuracy of the author, origin, date, age, origin. Considering the catalog as a mere non-binding orientation. The lots will be auctioned in the state in which they are, not accepting Darley Auctions any claims related to restorations, damage, breakages, etc. Already existing during the exhibition in the lot in question and despite not having stated or described in the catalog. The lots to be auctioned will be exhibited, at least ten days in advance, at the Darley Auction premises, in order to allow a perfect examination of them to potential interested buyers. Auctions Darley reserves the right to catalog the lots, change or subdivide them at its own discretion or to withdraw them for justified reasons.

3. Bid on the auction. Persons wishing to bid at Darley Auctions either in writing at the table, by telephone, must fill out an application form of the accrediting palette accepting the conditions of the auction at the tables intended for that purpose, where the corresponding pallet number will be delivered. If several bids of equal amount are received for the same lot, priority is given to the oldest one. Also, in case of a tie between a bid made in the Hall or by telephone and an offer made in writing, the latter will have preference. Written bids will be defended by the auctioneer or the staff of the Room up to the limit set therein, trying to award the offered lot at the lowest possible price. The Chamber reserves the right to refuse written bids received four 4 hours prior to the auction, without any justification or explanation. Darley Auctions reserves the right to request the prospective buyer 30% of the total reservation price in advance, in some or all of the lots for which the buyer intends to bid. On the other hand, only bids by phone will be allowed for lots whose price is

Departure is equal to or greater than five hundred € 500. The order to participate by telephone implies that the bidder is obliged, at least, to cover the exit figure.

The Spanish State reserves the rights of first refusal and retraction on the lots that are auctioned and may exercise the right of first refusal in the act of the auction or the right of withdrawal within the deadlines established by the Law. Certain bond to bidders as a requirement for

The Spanish State reserves the rights of first refusal and retraction on the lots that are auctioned and may exercise the right of first refusal in the act of the auction or the right of withdrawal within the deadlines established by the Law. Certain bond to bidders as a requirement to participate in the auction that will never exceed 30% of the starting price of the lot. The bond of the awardees, in the case of adjudication of the lot / s, will be considered as payment on account of the amounts accrued. The deposit will be returned to bidders who are not successful bidders, within three (3) days following the date of the auction. The Chamber may also require bidders, when it deems appropriate, bank references in order to ensure their solvency.

5. Bid scales. Bids are set according to the following


scale:


From 50 to 100 € …… ........................................... ......................................... ………… € 5

From 100 to 200 € …… ........................................... ..… .................................... …… ..… € 10

From 200 to 500 € …… ........................................... ...................................... ……… ..… € 25

From 500 to 1,000 € …… ........................................... .... ... ..............................… .. …… € 50

From € 1,000 to € 2,000 …… ........................................... .. ... ............................ …… ... ... € 100

From € 2,000 to € 5,000 …… ........................................... ............................. ……… ...… € 200

From € 5,000 to € 10,000 …… ........................................... ........................... ……… ...… € 500

From € 10,000 to € 20,000 …… ........................................... ...................... ……… ....… € 1,000

From € 20,000 to € 50,000 …… ........................................... ...................... ……… ....… € 2,000

From € 50,000 to € 100,000 …… ........................................... ................ ……… ....… € 5,000

From 100,000 to € 200,000. …… .......................................... ............... ……… ....… € 10,000

From € 200,000 to € 500,000 …… ........................................... ............... ……… ....… € 20,000

From € 500,000 onwards …… ........................................... .... …… .................. € 50,000 *


* Available to the auctioneer, which may in exceptional cases vary the bidding system.

6. Commission as intermediary. The amount or commission to be paid by the awardee or buyer to Darley Auctions for the concept of mediator in the operation once the auction auction or auction takes place is 18% plus VAT. The costs of advice, packaging, storage and transportation will be paid by the successful tenderer or buyer before the removal of the goods acquired at Darley Auctions.


7. Payment methods. The successful bidder or buyer must pay and withdraw the lots purchased by him during the 7 business days after his auction. As for the damages that are caused in the awarded lots, after said 7-day period, they will be the sole responsibility of the winner or buyer, unless they have expressly agreed to contract insurance through Darley Auctions. The payment of the awarded lots will be free of charge for the mediator and may be made by:


-Bank transfer to the current account of Darley Auctions.


Sabadell Bank


Account number: IBAN ES40 0081 1312 4400 01142418


BIC: BSABESBB


-Bank check of Spanish entities formed.


-Money in cash for amounts not exceeding € 2,500, in accordance with Law 7/2012 of October 29. If payment is made in a currency other than the euro, accepted by Darley Auctions, the exchange rate existing on the day the payment is made will be applied. If carried out from abroad, it will be mandatory by bank transfer in euros and free of charge for Darley Auctions.


8. Delivery. Darley Auctions will only proceed to the delivery of the awarded lots once these, and the amounts accrued on account of them, have been paid in full.

9. Storage. The buyer or awardee must withdraw the awarded lots once they have been paid in full. If the delay in the collection of the lots exceeds fifteen 15 calendar days after the award day, storage and custody expenses of € 2 per day will be accrued.

10. Shipping, collection and transportation. Once the batch payment is made, you can choose between the following shipping options:


1. Collect the lot personally at Darley Auctions. You may send to a duly accredited third party by signed authorization, identity document and copy of the invoice for the payment of the lot / s to be collected at the Darley Auction facilities. If you choose to pick it up yourself, it is important that you organize it as soon as possible since, after 15 calendar days from the day after the auction, Darley Auctions charges a fee of two € 2 per day per lot.


2. Home delivery: Auctions Darley will manage the transportation of the lot, advising you on the best shipping method (postal or courier or transport) with the most suitable company for it. Shipping and insurance will always be borne by the Buyer. Once the Lot leaves the Facilities, Darley Auctions is not responsible for their condition and, therefore, the Purchaser will be solely responsible for any damage that the Lot could suffer during this phase of transport but, if desired, may contract through Darley Auctions an insurance to cover the possible damages that the Lot could suffer during the transport, assuming the Buyer the cost of said coverage.

11. Export permits and licenses. The successful bidder or buyer is responsible for obtaining and providing, where appropriate, at their sole expense and expense, legal and administrative documentation, licenses, Cites and permits of any kind, including those of import or export, which may be required by the authorities. public and administrations, whether national or international, for the legal transport and commercialization of the objects or lots that have been awarded or acquired in Darley Auctions. Failure to obtain such documentation will not affect the sale or acquisition made, and the winner must pay the price of the lot in full and other amounts accrued to Daley Auctions. In the case of requesting authorization, Darley Auctions warns its customers that such request will mean, for all intents and purposes, an irrevocable sale offer in favor of the Spanish State.

12. Law on prevention of money laundering and terrorist financing. (LAW 10/210). Darley Auctions is obliged to comply with the provisions of Law 10/2010 and specifically with regard to persons with public responsibility, (ie: being or having been a high position of the State Administration or the Autonomous Administration o Spanish local, senior management of trade union organizations, business, or political departments and / or have a close family or business relationship with any of them). The assumption of the buyer and / or seller of the contracting conditions of Darley Auctions implies the express declaration by the buyer and / or seller of not being considered a person with public responsibility in accordance with the provisions of the Law.


13. Modification of General conditions or standards. Darley Auctions reserves the possibility to modify at any time and without prior notice, the content of these General Conditions, as well as the Service and any aspect of the design, presentation and / or configuration of the Platform. These modifications are applicable for Online Users from the moment they are published on the Platform and for Presence Users since the new text of the General Conditions is made available to them. If any clause included in these General Conditions is declared, totally or partially, null or ineffective, such nullity or ineffectiveness will affect only said provision or the part of it that is null or ineffective, the General Conditions remaining in everything else, having such disposition, or the part of it that is affected, by not put.

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