1. The auction "Hanul cu Tei 1833 by ARTMARK" is organized by Artmark S.R.L., headquartered in Bucharest, C.A. Rosetti Street, no. 5, body A, registered at the Trade Register Office of the Bucharest Court under no. J40/17654/2018, SRC 40284718 ("A10" or "the Organizer"), alone or in association with other galleries, and takes place at the location displayed in advance on the website and in the auction catalogue.

2. The auction "Hanul cu Tei 1833 by ARTMARK" is a liquidation auction, which means that it is subject to some Special rules, derogating from the Organizer's Auction Rules, namely the "A10 Auction Rules".

3. The lots put up for sale in the auction "Hanul cu Tei 1833 by ARTMARK" are presented in the auction catalogue, both in the online one, posted on the website www.artmark.ro, and, if one is printed for this purpose, in the printed one, and are displayed at the auction location, on the days and at the times specified on the website and in the auction catalogue.

4. The auction catalogue shall state for each lot the starting price only and the type of auction by which the lot is to be sold (if the catalogue does not state the type of auction, it shall be the common/English auction, which increases from an announced starting price). Unlike the English auction, in which case the auctioneer will ask for ascending bids, in the Dutch/descending auction, the auctioneer will be able to ask the participants for descending bids. Specifically, in the Dutch/descending auction, the auctioneer will ask the participants to bid the starting price. If at least one participant bids the listed starting price, the auctioneer will request ascending bids, thus, the lot will be sold to the bidder offering the highest bid shouted by the auctioneer. If no participant bids the starting price, the auctioneer will ask for descending prices equal to the lower bids, until a participant offers the lower bid requested by the auctioneer, at which point the lot is sold at the price equal to the lower bid offered, which becomes the hammer price. To avoid any doubt, it should be noted that in the case of Dutch/descending auction, the auctioneer cannot sell the lot for a higher bid than the first bid (lower than the starting price) offered by a participant. The auctioneer will alone decide the ascending/higher or descending/lower bids.

5. Participants at the auction have the obligation to study, in advance, the content of the Special Auction Rules – “Hanul cu Tei 1833 by ARTMARK”, the A10 Auction Rules, the Registration Contract, the award form, all of which are made available to participants by displaying them on the website www.artmark.ro, in the auction catalogues, at the auction reception and in the room where the auction is being held.

6. Participation and bidding at the Auction "Hanul cu Tei 1833 by ARTMARK" constitutes express acceptance of the Special Auction Rules – “Hanul cu Tei 1833 by ARTMARK”, the A10 Auction Rules, the Registration Contract and the award form. Only the person who signs a Registration contract and receives a bidding paddle may participate at the auction. If the Organizer is requesting it, during the auction, the buyer is obliged to sign an award form for each sold lot (which comes in addition to the data from the Registration contract).

7. The buyer’s premium is 25% of the hammer price; due to the nature of the auction, the benefits of the ARTMARK membership card do not apply to the Auction "Hanul cu tei 1833 by ARTMARK".

8. Payment for the sold lots will be made within 2 days of the date of the auction.

9. If a lot is not sold at the auction, it may be purchased within 5 days after the auction (unless the lot is returned to the Consignor after the auction): a) in the common case of the English auction, at a price equal to 5 times the starting price or at the reserve price, if the reserve price is higher than the amount of 5 times the starting price, or b) in the case of the Dutch auction, at the starting price.

10. Special Auction Rules – “Hanul cu Tei 1833 by ARTMARK” are supplemented by the provisions of the A10 Auction Rules (rules posted at the location of the Auction "Hanul cu Tei 1833 by ARTMARK", on the website www.artmark.ro, as well as in the auction catalogues). In the event of a disagreement between the Special Auction Rules – “Hanul cu Tei 1833 by ARTMARK” and the A10 Auction Rules, the Special Auction Rules – “Hanul cu Tei 1833 by ARTMARK” shall apply with priority.