Lot 43: Roger Feraud, coat hook

Live bidding may start higher or lower

€0 - 100,000:20.0%

€100,001 - 500,000:18.0%

€500,001+:15.0%

Mediartrade is in charge of selling objects
entrusted by the Seller, as a representative with
power of attorney, with the exception of the
lots that are owned by Mediartrade. The term
"Seller" means the physical or legal entity that has
ownership of the lot, which has been put up for
auction by Mediartrade. The consequences of the
sale have a direct influence on both the Seller and
the Buyer; therefore Mediartrade is not subject to
additional accountability other than responsibilities
deriving from the aforementioned proxy by the
Seller. The following General Sales Condition may
be subject to modifications by means of a notice
posted in the auction room or by an auctioneer's
announcement before the auction takes place.

It is possible to take part to the Online Timed
Auctions through Mediartrade website, in
accordance with the following steps:
a) Register to Mediartrade website Mediartrade.
com creating an account specifying if the
registration is carries out as private or company
by filling all the fields required
b) Click on the link received to confirm the e-mail
address you provided
c) Access the website by entering your credentials
(e-mail and password)
d) Go to "Future Auctions" and register to the
online timed auction of your interest by clicking on
the section "Register at the auction". It is possible
to bid only at the beginning of the auction; there
are no preauction biddings during the Online
Timed Auctions. For each offer made and in
the event that it is exceeded, an alert will be sent by
e-mail. If the offer is lower than the reserve price,
the bidder will be notified that this offer cannot be
considered valid for the purpose of awarding the
lot.Remember that the bids made within 2 minutes
before the auction ends, will delay by 2 minutes
the deadline of the lot of interest. Every offer is
a bidding offer. At the end of the auction the lot
will be awarded to the highest bidder who will be
informed by Mediartrade via e-mail. It is possible
to participate at the Online Timed Auction with
a "Direct Offer" following the "Raising Bidding
Scheme" established by Mediartrade, reported in
the sales conditions (Par. 4 Raising Bidding Scheme)
and on the online page related each lot. In addition
to this offer procedure, another bidding option
is to insert an 'automatic maximum bid'. The
maximum bid represents the highest amount that
the bidder is willing to pay for a lot. The amount
indicated will remain confidential and will not be
disclosed to the other bidders. In this way, the
automatic bidding technology will then place bids
on behalf of the bidder. It will always place the
lowest bid necessary and never go higher than the
prospective buyer's maximum bid. The automatic
bidding technology will place to obtain the best
auction price for the lot without the bidder having
to constantly follow the progress of the auction to
make bids. It will never bid higher than the bidder
maximum bid amount indicated. The automatic
bids will always follow the Raising Bidding Scheme
set up by Mediartrade and the last bid must reach
the reserve price in order to win the lot in auction.
When a prospective buyer enters an automatic
maximum bid higher than the lot's 'reserve price',
the automatic system register the offer directly
at the 'reserve price' and other users can make
raising bids higher than the reserve. This is to
prevent that the lot is unsold if a reserve price has
not been met once the auction ends, even if higher
maximum bids have been set. The system will
send an alert to communicate that an automatic
maximum bid has been exceeded by a higher
maximum bid. Mediartrade will not be responsible
for technical difficulties happening during the
auction (such as delays concerning internet
connection or malfunctions affecting the server in
charge of handling the online auction participation),
with the exception of wilful misconduct or gross
negligence. Mediartrade is in no way responsible
for any damage, or inconvenience, deriving from
a non-proper use of the website in accordance
to the present information i.e. the Conditions of
use of the website. The participant undertakes to
not use any software or tool of any kind that may
influence (even only potentially) the development
of the auction and further undertakes to use the
website and any of its web application in good
faith and correctness. Whenever Mediartrade
has decided to allow the participation also to
the online auction, the present General Sales
Conditions also regulate the offering sale and
the lots awarding throughout the Mediartrade'
web channels partners. The participation at the
auction through these websites (owned and
managed by different companies that don't have
corporate dealings with Mediartrade) is subjected
to the previous enrolment. Lots purchased online
are offered and sold by Mediartrade and web
channels partner, who is entrusted by the Seller as
a representative with power of attorney

3. RESERVE PRICE
The reserve price is the minimum selling price
(gross of fees), agreed between the owner and
the auction house, under which the asset cannot
be sold. At the auction stage this amount is
strictly reserved and protected by the auctioneer

7.1 The following forms of payment might facilitate the immediate withdrawal of the
purchased goods:
- Cash up to EUR 2.999;
- Check after agreement with the administrative
management of Mediartrade;
- Credit card/ATM (the estimated fee will
be charged to the purchaser). Buyers can make
payments via Visa, V-Pay, MasterCard, Maestro,
American Express, Apple-Pay, and Google Pay.

- bank transfer to: Gruppo UBI Banca registered
to Mediartrade Srl IBAN:
IT50Z0311101617000000002952 SWIFT/BIC:
BLOPIT22
Account N: 00002952

7.2 The payment of what is due, if not already
done must be made within 3 working days from
the receipt of the invoice. Mediartrade is allowed
to refuse delivery of the awarded lot before the
payment of the clearing price and other expenses
has been made. Whenever the successful bidder
fails to provide for the payment, will prevail what
follows at point 7.3.
7.3 In the event that the Buyer fails to pay to
Mediartrade the full amount due within 10 days
from the receipt of the invoice, Mediartrade
have the right to exercise legal rights and actions.
Please refer to the following list with some
examples:
a) Holding the Buyer accountable for the entire
amount and take legal action to recover the
full amount, with interests, legal fees and costs
incurred, up to the maximum limit permitted by
law;
b) Terminate the sale contract with immediate
effect;
c) Reselling the lot, by auction or privately, under
the applicable laws;
d) Allocating the received payments from the
Buyer to debt-service of any liability, if the Buyer
is required to pay more amounts to Mediartrade,
in relation to various transactions.
e) Refusing any offer in future auctions by the
defaulting Buyer or on its behalf, or, alternatively,
to require an escrow before accepting any future
offer;
f ) Exercising rights and remedies granted by the
law to subjects holding security interests over
any goods belonging to the defaulting Buyer
within Mediartrade, in the form of pledge, bail,
deposit or any other rights, to the absolute limit
of the law in force at the place where said good
is located. This guarantee will be considered in
favour of Mediartrade on behalf of the defaulting
Buyer, therefore Mediartrade will be able to
withhold the property to ensure the fulfilment of
the obligations of the Buyer;
g) Pursuing any other action deemed necessary
or appropriate. In the event that Mediartrade
resells the lot, according to previous paragraph
(c), the defaulting buyer will be responsible of
paying any potential difference between the
overall amount originally due to Mediartrade
and the price obtained by reselling, as well as
any reasonable cost, expense, damage, legal fees,
commissions and rights of any kind regarding
both sales or caused by the defaulting Buyer.

8.1 The lot awarded must be picked up within 4 days from the day of payment.

8.2 The lot will be collected by the purchaser at Mediartrade office, in via Marco Polo 9, Milan, at the expenses of the purchaser, showing a document certifying his identity. If, for any reason entrusts a third party to withdraw the lot on his/her behalf, the latter shall provide a mandate signed by the Buyer on top of a copy of both the delegator and delegate IDs.

8.3 If, for any reason, the withdrawal of the object fails, if sold and paid within the time limit specified in Art. 8.1, the Buyer will be asked to warn Mediartrade in order to avoid the payment of a deposit and cover insurance fees. However, in case of decay, damage or removal of the awarded object, that wasn't picked up within the time limit specified in Art. 8.1, Mediartrade shall be exempt of any liability.

8.4 At the express request of the purchaser, Mediartrade may arrange, at the expense and risk of the purchaser, the packing, transportation and insurance of the lot through its own trusted shipper specialized in art transports subject to communication and written acceptance by part of the purchaser of the related expenses. The shipment can also take place through a forwarder directly appointed by the buyer, always subject to written communication, authorizing Mediartrade to deliver the lot and the related documentation. In the event that the buyer decides to rely on a generic forwarder, therefore not specialized in art transports, which does not provide for safe packaging of the object, Mediartrade will apply a minimum cost of 50 € plus VAT for the packaging service calculated based on the size of the lot awarded.

8.5 Despite adopting every reasonable care in handling, wrapping and delivery of the purchased lot and in the choice of third parties that will be involved in the previously mentioned tasks, Mediartrade shall not be responsible for any action or omission committed by said third parties. Likewise, when asked Mediartrade to suggest other companies to take care of handling, wrapping and delivering lots, Mediartrade will direct the choice to trusted suppliers as a consequence of the years of experience in the field, however, it will be in no way responsible for any action or omission committed by them.

9. EXPORT OUT OF THE TERRITORY OF THE ITALIAN REPUBLIC

9.1 The export of the lot from the Italian Republic could be subject to the issue of a certificate of free circulation or an export license, in accordance with the Articles 68 and ss. of the Legislative Decree January 22nd 2004, n. 42 (Codice Urbani). Except as otherwise agreed in writing with Mediartrade, the act of requesting a certificate of free circulation and/ or an export license for a lot by the Buyer will have no effect on the obligation that the latter has to pay for the said lot within 3 working days from the receipt of the invoice, and neither on Mediartrade's right to charge interests of deposit fees or other expenses in the event of a delay in payment. In case the Buyer intends to entrust Mediartrade to request a certificate of free circulation and/or an export license on his/her behalf, Mediartrade will charge a commissionfor said service. Mediartrade will not be required to cancel the purchase or refund interest or any other costs incurred by the Buyer, in the event that a certificate of free circulation and/or an export license is required.

9.2 The buyer must comply with the legislative provisions and applicable rules concerning goods presenting a cultural interest, or currently in the process of getting declared as such, in accordance with legislative decree Nr. 43 of 22nd January 2004, Art Nr. 14 and following, with specific reference to Art. Nr. 53 and following. The reform provides the modification of some parts

of the Code of Cultural Heritage, in particular, article 65. The export of lots, performed either by resident or nonresident in Italy, is regulated by the aforementioned legislation and furthermore subject to Customs Regulations, economic and tax regulation in force. The request for a licence will be submitted to the Ministry of Cultural Heritage and Activities, Export Bureau, onlyafter the payment of the lot is complete and at the written request of the Buyer. Mediartrade shall not be responsible for any restriction to the export of awarded lots, and much less for any licence or permit that the Buyer must obtain under the current Italian law. For the objects subjected to notification by the State pursuant to Legislative Decree 22.01.2004 n. 42 (Code of Cultural Heritage) and ss.vmm., buyers are required to comply with all the applicable laws. In case the national competent authorities exercise the right of first refusal to purchase a lot under the aforementioned decree, the Buyer will have no right to receive from Mediartrade or the Seller any refund over the interests on the sales price and on the purchase commission, if already paid.



9.3 For objects subject to notification by the State pursuant to Legislative Decree 22.01.2004 n.42 (c.d. Code of Cultural Heritage) and subsequent. Buyers are required to comply with all applicable legislative provisions.

9.4 In case of exercise of the preemptive right by the State, the contractor cannot request from Mediartrade or the Seller any refund of any interest on the price and on the auction commissions already paid.

The buyer will pay, in addition to the clearing price, the auction premiums or purchase
commissions of 20% (VAT excluded).

It is possible to view and examine the lots of
interest by appointment, upon written notice by
email to info@mediartrade.com or by contacting
the auction house through the contact details
on the website. Whoever may be interested will
have the opportunity to get a comprehensive
view
of their characteristics, including conservation
status, actual dimensions and overall quality. As a
consequence of that, the successful bidder shall
not question any error or inaccuracy that may be
present on the catalogue or on the disclosures,
or any discrepancy between the photo and the
actual piece for sale, and therefore, the
mismatches (whether pertaining to the year of
creation, or references to any publication of
the piece, execution technique and materials on
which, or with, the piece was created) between
the information written on the catalogue and the
actual characteristic of the awarded piece. The
lots auctioned by Mediartrade are sold in the
conditions and conservation status shown during
exposition; therefore any reference contained in
the catalogue description is fully comprehensive.
It is possible to request a condition report of the
lot of interest. After the award of the lot,
Mediartrade does not allow disputes, and is
relieved of all responsibility and defects relating
to the information regarding the lots on sale. The
objects presented may show defects or
imperfections caused by breaks, faults,
replacements or restorations, not necessarily
specified in the catalogue.
With regards to electrical or mechanical goods, it
is specified that no verification is carried
out before the sale and the buyer assumes all
responsibility for the functioning of the objects.
The movements of the watches are to be
considered not overhauled.
The information on silver and metal punches,
carat weight and weight of gold, diamonds and
coloured stones are completely indicative and
approximate, for this reason Mediartrade is not
responsible for any errors in the description
of the lots indicated above and for forgery to
the art of precious objects. Mediartrade, at the
request of the buyer and at his own expense,
will issue surveys carried out by gemmological
laboratories; in any case the aforementioned
surveys, if presents, will be cited for information
in the catalogue. Rare books and manuscripts:
are not accepted complains concerning trimmed
papers, stains, damage to the binding, wormholes
and any other defect that does not affect the
completeness of the text and/or illustrative
apparatus, insertions, lack of table indexes, white
sheets, appendices and supplements following
the publication of the work; are not accepted
also complains relating to books not fully
described in the catalogue. Protected species: it
is specified that for coral, ivory, turtle, crocodile,
whale bones, rhino horns, etc. a CITES export
license is required, issued by the Ministry of the
Environment and the Protection of the Territory.
Potential buyers are invited to inquire at the
destination country about the laws that regulate
these imports.
Any written or verbal statement provided by
Mediartrade, including those contained in the
catalogue, reports, comments or evaluation
regarding any characteristic of the lot, such as
authorship, authenticity, origin, allocation, date,
age, historical period, cultural origin, quality
(including market value and price), are purely
based on opinions and are therefore subject of
review and modification by Mediartrade, before
the lot is put for sale. Mediartrade and its staff,
collaborators, management and consultants are
not responsible for any error or omission that
may be found in said statements. Any liability
that Mediartrade has towards the Buyer, is
limited to the clearing price and the purchase
commission paid by the Buyers to Mediartrade.
With the exception of wilful misconduct or
gross negligence, Mediartrade, i.e. its staff,
collaborators, management and consultants
shall not be responsible for any act or omission
regarding lot preparation or the direction of the
auction or any inconvenience related to the lots
on sale.
11. COUNTERFAITING
11.1 According to Mediartrade's opinion,
counterfeiting means the imitation of a lot
offered for sale, not described as such in the
auction catalogue, created for the purpose of
deception on paternity, authenticity, origin,
attribution, source, date, age, period, which
at the date of the sale had a lower value than
the one which would have had if the lot had
corresponded to the description of the auction
catalogue. A lot that has been restored or
subjected to modification of any nature (including
repainting or over-filling) does not constitute a
counterfeit.
11.2 If a lot appears to be counterfeited, after a
successful awarding, Mediartrade shall give a
refund to the Buyer that asked for the recession
of the sales contract, after the lot has been
returned to Mediartrade, consisting of an amount
equal to the clearing price and the purchase
commissions paid, both expressed in the currency
used to pay the lot in the first place.
11.3 Mediartrade's obligation is under the
condition that, within 5 years from the purchase,
the Buyer communicates writing to Mediartrade,
within 90 days from the date in which
information has been received suggesting that the
lot might be counterfeited, number of the lot,
date of auction in which the lot was purchased
and motivations according to which the Buyer
has reasons to believe the lot is counterfeited; is
able to return the lot to Mediartrade, free from
any claim or pretence coming from third parties
that surfaced after the date of purchase and the
lot will be in the same conditions in which it was
when it was sold; provides Mediartrade with at
least two reports coming from professionals or
experts in the field, stating the reasons why it is
believed that the lot is counterfeited. Mediartrade
will not be bound by the opinions provided by
the buyer and it reserves the right to ask other
additional opinions of other experts at its own
expense.
11.4 Mediartrade will not perform a refund if
the description on the catalogue complied with
generally accepted opinions from experts at
the time the lot was sold or that indicated the
authenticity and lot attribution as controversial;
or at the time of publication on the catalogue
the counterfeiting of the lot could be proven
only with unsuitable examinations, that were too
expensive or might have reasonably damaged the
lot or would have lowered the overall value.
12. TRANSFER OF RISK
12.1 12.1. A purchased lot is entirely at the
Buyer's risk from the date between those in
which the buyer:
a) fully pays the amount due for the lot;
b) from the date on which the 3-day term from
receipt of the invoice begins.
12.2 The Buyer will be refunded for any loss or
damage that will occur after the lot has been
sold and before the risk transfer occurs. The
refund shall not be higher than the amount of
the clearing price, in addition to the purchase
commission received by Mediartrade.
12.3 With the exception of wilful misconduct or
gross negligence, Mediartrade shall not be
responsible for the loss or damage on frame/glass
containing or covering prints, paintings or any
kind of art piece unless the frame/glass is, in fact,
the actual lot purchased.
12.4 Mediartrade will be in no case liable for
the loss or damaging that happened after any
transaction (including restoring procedures,
action on frames or overall cleaning operations)
done by independent experts entrusted by
Mediartrade with the consent of the Seller
(or Buyer) of the lot; and deriving, directly or
indirectly from:
a) Humidity and temperature shifts;
b) Normal wear and tear or gradual decay
deriving from the operation on the lot
and/or hidden defect (including woodworms or
other parasites);
c) Technical treatment errors;
d) War, nuclear fission, radioactive ontamination,
chemical weapons, including biochemical and
electromagnetic weapons;
e) Terrorist acts.
12.5 Labels, markings and seals present on the
art pieces that attest property and any
subsequent transfer of ownership of the lot, will
be guaranteed by Mediartrade as existing, only
until the Buyer collects the purchased lot.