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Poster auction:                                Guido Reni (Cerchia-circle of): in our          19 – Claims
• Condition A Poster in very fine con-                                                         Aste Bolaffi will consider only those
dition. Colors are fresh; no paper loss.       opinion a work of an unknown artist             claims regarding disputes over authen-
Some slight defect or tear but very mar-                                                       ticity of lots, the existence of serious
ginal. A+: wonderful example of a post-        made during the life of the artist.             flaws or concealed defects and/or the
er rarely seen in such fine condition. A-:                                                     non-conformity of the lot purchased to
some slight dirt, fold, tear or other minor    Guido Reni (Seguace-follower): in our           that described in the auction catalogue
restoration.                                                                                   and available for pre-auction viewing. In
• Condition B Poster in good condition.        opinion a work of an unknown artist,            this connection, defects that the buyer
Some slight paper loss, but not in the                                                         should have been aware of at the time of
image or in any important area. If some        not necessary his scholar, also executed        purchase will not be considered defects
restoration it is not immediately evident.                                                     of conformity as the buyer, having had
Lines and colors good, paper may have          much recently.                                  the opportunity to view the lot in the
yellowed. B+: poster in very good condi-                                                       catalogue or during its showing prior to
tion. B-: in fairly good condition.            Guido Reni (Stile-style): in our opinion a      sale, could not have failed to observe it
• Condition C Poster in fair condition. The                                                    making use of ordinary diligence. Possi-
light-staining may be more pronounced,         work by a painter working in the artist         ble claims should be sent by registered
restorations, folds or flaking are more                                                        letter within 15 (fifteen) calendar days:
readily visible, and possibly some minor       style, contemporary or nearly contempo-         (i) from the date of the delivery of the
paper loss occurs. The poster is otherwise                                                     lot following the auction, in the case of
intact, the image clear, and the colors still  r a r y.                                        purchases by persons present in the sale-
faithful to the artist's intent.                                                               room, including those represented by
• Condition D Poster in bad condition. A       Guido Reni (Maniera o scuola-manner or          agents, commission agents or interme-
large part of such poster may be missing,                                                      diaries;
including some important image area;           school): in our opinion a work executed         (ii) from the date of the receipt of the lot
colors.                                                                                        delivered by courier, in the case of pur-
                                               in the artist style by an unknown artist        chases by offers via correspondence or
13 – Extensions/Expertise                                                                      by telephone or online;
The auctioneer shall have the right at his     influenced by him also in a much later          Claims are not accepted in any case:
absolute discretion to accept or refuse                                                        (a) pertaining to flaws or defects express-
any request for certifications of authen-      period.                                         ly described in the catalogue and easily
ticity. It should be noted, however, that                                                      discernable in photographs of the lot
extensions are not accepted for lots if the    Da Guido Reni (from Guido Reni): in our         during the pre-auction viewing;
description in the catalogue mentions                                                          (b) pertaining to multiple lots such as col-
that they are accompanied by photo-            opinion a copy of a known work of the           lections or accumulations of any kind;
graphic certification. We further specify                                                      (c) pertaining to assorted lots of stamps
that any concession of extensions/expert       artist.                                         or coins not described individually;
appraisals does not alter the terms of                                                         (d) pertaining to lots explicitly described
payment detailed in section 8.                 Firmato/Datato/Iscritto (Signed/Dated/          in the auction catalogue as “to be exam-
                                                                                               i n e d ”;
14 - Catalogues                                Inscribed): in our opinion the work has         (e) pertaining to the state of conservation
Numismatic auction: Classifications refer                                                      of lots, the evaluation of such state being
to the following catalogues:                   been signed/dated/inscribed by the ar t-        subjective and sales subject to the clause
Bol. (Bolaffi Catalogue of coins and                                                           “as seen and found acceptable”;
banknotes – Kingdom of Sardinia, King-         ist.                                            (f) pertaining to flaws and defects attrib-
dom of Italy, and Italian Republic), Bol.                                                      utable to the purchase's actions subse-
Vat. (Bolaffi catalogue of city of Vatican     Reca firma/reca data/reca iscrizione            quent to delivery of the lot.
coins) Bab. (Babelon), Bartolotti, Biaggi,                                                     (g) After 60 days have passed from the
Bohering Calciati, Casolari, B.M.C. (British   (With signature/with date/with) inscrip-        auction date.
Museum Catalogue), Ciani, C.N.I. (Corpus                                                       Aste Bolaffi will respond in writing to the
Nummorum Italicorum), Cra. (Crapan-            tion): in our opinion the signature/date/       claim within 60 days of receipt.
zano/Giulianini), Cra. Vol. II (Crapanzano/                                                    Aste Bolaffi will honor claims only when
Giulianini vol. II), Crawf. (Crawford), Coh.   inscription appears to be by a hand oth-        the lot is judged by two experts named
(Cohen), Crippa, Dav. (Davenport), Di                                                          by each party to be unauthentic, affected
Giulio, D.O.C. (Dumbarton Oaks Collec-         er than that of the artist. Aste Bolaffi re-    by serious flaws or hidden defects and/
tion), Friedb. (Friedberg), Gad. (Gadoury),                                                    or not conforming to the description in
Galeotti, Gig. (Gigante), Gav. (Gavello        serves the right to express its own opin-       the auction catalogue. In such cases the
1996) Guadàn, Gulbenkian, Haeb. (Hae-                                                          purchaser will be refunded only with the
berlin) Heiss, Herzfelder, Jenkins e Lew-      ion with regard to the author, attribution,     amount corresponding to the purchase
is, Krause, Mesio, Müller, Mont. (Monte-                                                       and to the shipping cost. Any other re-
negro), Mont. Ve. (Montenegro Venezia),        origin, dating and condition of the lots in     fund or reimbursement is expressly ex-
Muntoni, M.zu.A. (Miller zu Aicholds),                                                         cluded, except in case of fraud or serious
Pag. (Pagani), Pozzi, Rav. (Ravegnani Mo-      the catalogue. It is, in any case, an opin-     negligence.
rosini), R.I.C. (Roman Imperial Coinage),
Rizzo, Seaby, Sears, Schl. (Schlumberger),     ion and is not to be considered an expert       20 – Post-auction sales
Sim. Simonetti.                                                                                For 30 days after the auction, Aste Bolaffi
Philatelic auction: Catalogue numbers          judgment by any means.                          offers the chance to purchase unsold lots
and values indicated at the end of each                                                        via the Buy now section on www.aste-
description refer to the following cata-       Philatelic auction:  D cancelled                bolaffi.it, where you can bid for available
logues: Bolaffi and Sassone for Italy and                           N piece                    lots at the starting amount plus commis-
Italian Area: Yver t Tellier and Catalogo      K mint                                          sion. Aste Bolaffi reserves the right to re-
Unificato for Europe and Yver t Tellier and    O front cover                                   fuse a bid.
Stanley Gibbons for all other countries.       L hinged
Other references are specifically quoted.      A cover                                         BY SUBMITTING A PURCHASE ORDER OR
                                               I without gum                                   BIDDING IN THE SALEROOM, THE BUYER
15 – Catalogue Terms                                                                           FULLY ACCEPTS ALL THE CONDITIONS
Furniture and painting auction:                Numismatic Auction:                             OF SALE DETAILED ABOVE AND SPECIAL
Guido Reni: in our opinion a work by the       Ac (Acmonital) Ae (Bronze) Ag (Sil-             NOTICES. ANY DISPUTS ARISING IN RE-
artist                                         ver) Al (Aluminum) An (Antimony)                L ATION WITH THESE GENER AL CONDI-
Guido Reni (Attribuito-attributed): in         Au (Gold) Ba (Bronzital) Cn (Nick-              TIONS AND SPECIAL NOTICES SHALL BE
our opinion probably a work by the artist      el-copper) Cu (Copper) El (Electro)             SUBMITTED TO THE EXCLUSIVE JURIS-
in whole or in part                            It (Italma) M.b. (White metal) Ma (Silver       DICTION OF THE COURT OF TURIN.
Guido Reni (Bottega- studio): in our           plated metal) Md (Gilded metal) Mi (Mix-
opinion a work executed in the studio          ture) Ni (Nickel) Ott. (Brass) Pb (Lead) Pe
or workshop of the artist, but by an un-       (Pewter) Pl (Platinum) Sn (Tin) Zn (Zinc)
known artist
                                               Jewels Auction:
                                               Jewels by Cartier. This term implies that,
                                               in view of the related signatures, charac-
                                               teristics, hallmarks, the lot is, in our opin-
                                               ion, certainly attributed to the specific
                                               marker. Any other term used in the cat-
                                               alogue does not warrant the attribution
                                               of the item.

                                               16 – Cultural Heritage codes
                                               Any lots that may be subject to commu-
                                               nication for the start of the procedure for
                                               the declaration of their cultural interest
                                               pursuant to article 14 and thereafter of
                                               Legislative Decree no. 42/2004, the gran-
                                               tors and buyers are required to comply
                                               with the relative provisions in force and,
                                               in that case, Aste Bolaffi at its exclusive
                                               discretion, may proceed with a tempo-
                                               rary award of the lot.

                                               17 – Resale royalties “Droit de Suite”
                                               Legal obligations concerning the “Droit
                                               de Suite” (D.lgs. 118 of 13/02/06) are ac-
                                               complished by Aste Bolaffi

                                               18 – Conditional sale
                                               The lots are sold by the auction house
                                               with conditional sale in accordance to art.
                                               1523 of the Civil Code and therefore the
                                               buyer will not acquire title to the lots un-
                                               til the full payment of the purchase price.
                                               The risk of deterioration and of damage
                                               of the lots will pass to the buyer upon
                                               delivery of the lots. The delivery of the
                                               lots will only occur upon the full payment
                                               of the purchase price.

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