Lot 12: JOAQUIN ARAUJO Y RUANO - Classical head study

I.- OBJECTIVE
The aim of SUBASTAS SEGRE S.L, is the mediation in the sale
of all art object types, jewels or collections units by means of deposit,
exhibition or auction.


FOR THE BUYER
1.- SUBASTAS SEGRE S.L. will appoint an auctioneer responsible
for the auction direction. The lots will be for the highest bidder,
being the auctioneer, in case of doubt about the bidder or the closing
price, the one who considers with no appeal, being even able to proceed
with the auction again. Also, the auctioneer will be able not to take into
account the bids made by people whose solvency has not been properly
credited.
2.- The buyer will have to pay a 22% commission on the closing
price increased in the VAT corresponding to this percentage 2.1 Buyers bidding from 3rd party live bidding platforms will pay an additional fee of 5% on top of the Hammer Price (i.e 17% Buyer´s premium plus 5%)

3.- The bids will be increased according to the following scale:
Bids till 100 Euros will be increased by steps of 5 Euros.
Bids between 100 and 200 Euros will be increased by steps
of 10 Euros.
Bids between 200 and 500 Euros will be increased by steps
of 20 Euros.
Bids between 500 and 1.000 Euros will be increased by
steps of 50 Euros.
Bids between 1.000 and 2.000 Euros will be increased by
steps of 100 Euros.
Bids between 2.000 and 5.000 Euros will be increased by
steps of 200 Euros.
Bids between 5.000 and 10.000 Euros will be increased by
steps of 500 Euros.
Bids between 10.000 and 20.000 Euros will be increased by
steps of 1.000 Euros.
Bids between 20.000 and 50.000 Euros will be increased by
steps of 2.000 Euros.
Bids over 50.000 Euros will be increased by steps of 5.000

Euros or according to the auctioneer??s judgement.

4.- Buyers will also be able to make their offers in writing,
using the forms SUBASTAS SEGRE S.L. will make available for this purpose.
The auctioneer will defend the offer till the expressed limit, trying
to adjudge the offered lot in the lowest possible price. Between two or
more written bids offering the same amount for the same lot , the oldest
one will have priority as well as the written bids have priority before the
ones made in auction.

5.- It will also be possible to bid by telephone having established
it before with SUBASTAS SEGRE S.L. The fact of asking for a telephone
bid, implicates the desire of covering the starting price. Once
the communication has been established it will be, anyway, as if the
buyer was in the room. In case of bad or interrupted communications
SUBASTAS SEGRE S.L. is not responsible for it and it is its right to cover,
in the buyer??s name, the starting price of the lot for which the phone
bidding was requested.
6.- Payment is due immediately after the sale by following methods:
cash and Banker??s Draft.
Payment in EUROS
Wire tranfer: BANKINTER
C/ Príncipe de Vergara, 204 Dup. , 28002 Madrid Número de cuenta: 0128 0065 8401 0002 7412
IBAN: ES81 0128 0065 8401 0002 7412 SWIFT: BKBKESMMXXX
For payments made in any currency with variable exchange
rate accepted by SUBASTAS SEGRE S.L. the exchange rate of the day in
which the payment is made will apply. If this one comes from abroad, it
should be made by banker??s order.
7.- Data and descriptions showed in the catalogues are the result
of the researches and knowledge of experts in SUBASTAS SEGRE
S.L., who try to make easy the buyers selection, being data accuracy out
of their responsibility. The lots will be available for their examination during
the previous exhibition to auction, where the buyers will be able to
form their own opinion. In the same way, SUBASTAS SEGRE S.L. will
not either accept claims of flaws, restorations,etc., already existing during
the object exhibition, although they have not been described in the catalogue.
8- The buyer will have to pay and remove the lots acquired
by him in a later term of 7 working days, owing 6 daily Euros for storage
once the term has finished. If the buyer has not paid and removed the
lots thirty working days after the auction date, SUBASTAS SEGRE S.L.
may consider the sale as finished without prejudicing the legal actions to
be taken in a situation like this.
9.- If the buyer requests the sending of the lot or the ones acquired
by him, the expenses for packing and dispatch will be charged to
him. If he wishes to get an insurance covering this sending, he will have
to communicate and pay it before to SUBASTAS SEGRE S.L., since without
this requisite the insurance will not be considered formalized.
C.- LITIGATION
In case of litigation between SUBASTAS SEGRE S.L. ande the seller or
the buyer, the parties submit to the Law Courts of Madrid with renounce
to any other jurisdiction

Payment is due immediately after the sale by following methods:
Payment in EUROS
cash and Banker??s Draft.
Wire tranfer:
BANKINTER
C/ Príncipe de Vergara, 204 Dpldo 28002 Madrid
IBAN: ES81 0128 0065 8401 0002 7412
Código SWIFT: BKBKESMMXXX

For payments made in any currency with variable exchange
rate accepted by SUBASTAS SEGRE S.L. the exchange rate of the day in
which the payment is made will apply. If this one comes from abroad, it
should be made by banker??s order.

bidders can request estimate shipping cost and help with it if they are the winner of the lot.

2.- The buyer will have to pay a 17% commission on the closing
price increased in the VAT corresponding to this percentage

2.1 Buyers bidding from 3rd party live bidding platforms will pay an additional fee of 5% on top of the Hammer Price (i.e 17% Buyer´s premium plus 5%)