Lot 36: Ferenc Lantos (1929-2014) - Untitled, 1968

1. Dobossy Auctions act as auctioneers and commercial agents for the vendor, thus organising, handling and conducting auctions on his/her behalf. The lots delivered by vendors are subject to sale by auction in the same succession as in the catalogue, that is the representative of Dobossy Auctions conducting the auction shall announce the lot number as well as the estimate price, to which intending buyers make their bids by raising the paddle. Before the beginning of the sale all bidders must register by providing their name and residence, for being able to collect their paddle bidding number. By being issued with a paddle, buyers implicitly acknowledge that they accepted to be bound by the conditions of sale.

2. The highest bidder shall obtain the legal title of the lot, except for cases the Hungarian State decides to exercise its right of pre-emption - granted by Act LXIV of 2001 - on works of art marked as PROTECTED in the catalogue.

3. The Auction House act as commercial representatives on behalf of the vendor, who authorises the auctioneers to sign a Sale/Purchase Agreement with the highest bidder and to collect the purchase price. The auctioneer reserves the right to cancel the sale of some items listed in catalogue.

4. As soon as the lot(s) has been paid for in full, legal title will pass to the buyer, who may remove the lot(s) on the spot. The commercial agent grants for the purchaser the full settlement of the purchase within 14 days from the day of the sale. If the buyers fail to pay in full for any of their purchases in due time, the commercial agent considers the bid null and void.

5. The purchaser shall pay to the commercial agent a premium of 23% on the hammer price.

6. After the lot(s) has been paid for in full, the purchaser shall remove it at his/her risk and expense. If the buyer fails to remove the lot(s), the commercial agent is not responsible for its damage, and starting with the fifteenth day from the day of the sale, it is subject to a warehousing charge of 5% of the purchase price per lot per month. In case the purchaser does not remove the lot - despite being noticed by the Auction House, within six months after the auction, the commercial agent is entitled to freely resell the item and subsequent to deducting their expenses.

7. Any undertaking aimed at convincing third parties to make unreasonably high bids and thus causing a loss is prohibited.

8. Each item can be viewed during the exhibition and on the sale. The descriptions and illustrations serve solely to identification, and the purchaser shall determine the physical condition of the lots and whether they correspond to the description in the catalogue. Objection and contestation after the sale is not possible, save for the case the lot is a forgery and in the catalogue it is marked as authentic. In this case, the purchaser shall notice the commercial agent in writing that in his view, the lot is a forgery within three months from his first doubt but within 5 years from the sale at the latest. The Auction House bound themselves to reimburse for the buyer the hammer price and the premium paid for the lot, that shall be refund to the Auction House, if an independent arbitrator decides the lot is not authentic. The lots are sold without any warranty, with all faults and imperfections they have at the time of the sale.

9. The lots to sell by bid shall not be purchased under the reserve - in case they have one.

10. In case the purchaser does not want to participate in person at the auction, the Auction House bid instead of him/her - based on the absentee bid issued to them by the bidder. Please, let us receive your absentee bids at least 24 hours before the start of a sale.

11. Bidding by phone is also possible. In the event of two intending buyers submitting identical bids for a lot the first bid received takes precedence.

12. Purchases shall be shipped at the buyer's expense.

13. Items unsold by the end of the sale may be re-auctioned.

Contact:
Dobossy Auctions
+36 70 944 05 82
info@dobossyaukcio.hu

Dobossy Auctions can advise buyers on exporting and shipping property, and arranging delivery. Despatch will be arranged at the buyer's expense. There is no charge for arranging the despatch.