KOLLER AUCTIONS PREVIEWS AND AUCTIONS ARE PUBLIC AND OPEN TO EVERYONE.
Any-one, whether a prospective bidder or not, can attend our preview and the auction without giving prior notice.

PERSONAL ADVICE
We shall be glad to help with any questions concerning our auctions. Our experts are always ready to provide detailed information on the conditions of the objects offered, as well as any additional information requested. If you should have any special wishes with respect to buying, we shall be glad to let you know in good time if an object which corresponds to your wishes will beput up at our auctions.

CATALOGUE DESCRIPTIONS
The descriptions in the catalogue are compiled in good faith after meticulous examination and to the best of our experts’ knowledge. We guarantee the correctness of our data within the scope of the Conditions of Auction.

ESTIMATES
The estimates in the catalogue are intended as a gauge to inform you of the approximate price KOLLER expects the relevant lots to fetch. These are based on experience and pragmatic comparison with comparable objects at recent sales, taking into account the interests of the sellers who entrust us with auctioning their works of art.

RESERVE PRICES
Reserve prices are minimum figures which have been negotiated between the seller and KOLLER before the auction. The auctioneer is not permitted to sell below these reserves.

PERSONAL BIDDING ON THE SPOT
Before the start of the auction you will be given a personal numbered bidder card so that you can be identified as the buyer of the lot (or lots) immediately after the transaction is concluded. Please note point 7 of the Conditions of Auction in this respect.

BIDDING BY SUBMISSION OF A WRITTEN OFFER
If you cannot attend the auction personally you can still submit a written offer to us. Please use the relevant preprinted form which is included in the catalogue and available on our premises during the preview. In addition to your name and address, please note the number and a brief description of the lot which interests you and the maximum limit
of your offer (excluding buyer’s commission surcharge). The auctioneer will then bid for you in your interests and only until this maximum amount at the auction.

TELEPHONE BIDDING
If you would like to bid personally but must be elsewhere the day of the auction, we should be glad to give you the opportunity of bidding by telephone. In the event, please let us know in writing and in good time which lots at the auction interest you. We will then call you at your telephone number when this lot is called. Our staff
on the auction lines will then let you know, in the language of your choice, how the auction is progressing and will bid on your behalf and according to your instructions. We do not accept telephon bids for amounts under CHF 500.-. Please leave a written bid or participate in the salesroom.

CALL, AUCTION AND CONCLUSION
The auction starts with a preset callingprice (starting price) which is normally below the estimate. If you are interested in the object called and make a bid, the auctioneer raises the calling price or previous offer in your favour, generally by a maximum of approx. 10%. For example, if the auctioneer starts the bidding at 500 francs, your bid may be taken at 550 francs. The lot goes to the bidder whose bid is not raised again after a three-fold call. The purchase contract with KOLLER
comes into force with the final hammer.

COMMISSION
In addition to the bid price, the successful bidder must pay a surcharge. Please note the corresponding point of the different Auction Conditions in this respect.

VALUE ADDED TAX (VAT)
The commission is subject to VAT (7,6%) in all cases. Objects which are marked with an asterisk (*) in the catalogue are subject to VAT on the entire amount. In these cases VAT is charged on the total of the selling price plus commission. Buyers who submit a legally valid, stamped confirmation of export will receive a refund of the VAT charged on such objects.

PAYMENT
Payment for objects purchased is due within 7 days. If you wish we can make out the invoice for you during the auction. Please apply at the reception desk. Otherwise, or if you have purchased by making a telephone or written bid, we shall send the invoice to you.

COLLECTION/DELIVERY OF PURCHASES
The objects you have bought may be collected during the auction or on one of the following days during business hours (Monday-Friday 9.00–12.00 and 13.30–18.00). However, in the interests of our clientswho have provided the works of art we may only surrender yourpurchases when payment is complete. If you intend to export yourpurchases from Switzerland, would you please let us know in advance,so that we can prepare the requisite customs papers. Please contact usif you wish us to dispatch your purchases. Please note point 10 of theConditions of Auction in this respect.