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BUYER'S GUIDE

CATALOGS
Before each auction we publish illustrated catalogs. Our catalogues provides illustrations, descriptions and
estimated values for each "lot". A lot may refer to a single item or to a group of items auctioned together.
The catalogues also include the dates and the times for previews and auctions. The online catalogues are
available on our website, http://www.calusari-auctions.com. We offer our catalogues by subscription or by
single copy.

PREVIEWS
All Calusari preview are free and open to the public. Auction previews are your chance to inspect each lot
prior to the auction. Therefore, prospective buyers are strongly advised to examine personally any property in
which they are interested, before the auction takes place, in order to determine its condition, size and whether
or not it has been repaired or restored . Items are sold "AS IS" and with all faults; illustrations in our catalogs,
website and other materials are provided for identification only. Condition reports may be available upon
request.

ESTIMATES
Calusari catalogs include estimates for each lot , exclusive of buyer's premium. The estimates are provided
as an approximate guide to the current market value and should not be interpreted as a representation
or prediction of actual selling prices. They are determined well in advance of a sale and are subject to
revision. Unless specifically illustrated and noted, fine art frames are not included in the estimate or purchase
price.Calusari accepts no liability for damage or loss to frames during storage or shipment.

RESERVES
All lots in a catalog are subject to a reserve, unless otherwise indicated. The reserve is the minimum price
that the seller is willing to accept for a lot. The reserve is confidential and does not exceed the low estimated
value.

BIDDING AT AUCTION
At Calusari, you can bid in many ways: in person, via absentee bid, or over the phone. Absentee bids may
be submitted in person or via email. A valid Calusari account is required in order to participate in bidding
activity. You can obtain registration information online from our website. By participating in any sale, you
are acknowledge that you are bound by our CONDITIONS OF SALE, published in all catalogs and website.
Lots are auctioned in consecutive numerical order as they appear in the catalog. Bidding normally begins
below the low estimate. The auctioneer will accept bids from interested parties present in the saleroom,
from telephone bidders, and from absentee bidders who have left written bids in advance of the sale. The
auctioneer may also execute bids on behalf of the consignor up to the amount of the reserve, but never above
it. We assume no responsibility for the failure to execute bids for any reason whatsoever.

In Person
If you are planning to bid at auction for the first time, you will need to register at reception desk in order
to receive a numbered bod card. To place a bid, hold up your card so that the auctioneer can clearly see
it. Decide on the maximum amount that you wish to pay, exclusive of buyers premium , and continue
bidding until your bid prevails or reach your limit. If you are the successful bidder on a lot the auctioneer will
acknowledge your paddle number and bid amount.

By Telephone
Under special circumstances, we can arrange for you to bid by telephone. Telephone bids will be accepted
no later than 24 hours prior to the sale and only if the capacity of our pool of staff phone bidders allows.
Telephone bids may be recorded. By bidding on the telephone, prospective purchasers consent to
the recording of their conversations. Calusari offers all absentee and telephone bidding services as a
convenience to our clients, but will not be responsible for errors or failures to execute bids.
Absentee Bids
A friend or agent may place bids on your behalf , provided that we have been received your written
authorization prior to the sale. The same service may be provided by our auction house, provided we have
been received your written bid price you are willing to pay. Our auction staff will try to bid just as you would,
with the goal of obtaining the item at the lowest bid price possible. Absentee bids from are available at our
website.

BID INCREMENTS
Calusari generally uses the following increment multiples as bidding progresses:

EUR 50-500 EUR 25 increments


EUR 500-1000 EUR 50 increments

EUR 1.000-2.000 EUR 100 increments

EUR 2.000-5.000 EUR 200 increments

EUR 5.000-10.000 EUR 500 increments

EUR 10.000-20.000 EUR 1.000 increments

EUR 20.000-50.000 EUR 2.000 increments

EUR 50.000-100.000 EUR 5.000 increments

EUR 100.000-200.000 EUR 10.000 increments

EUR 200.000-500.000 EUR 20.000 increments

EUR 500.000-100.000 EUR 50.000 increments

The auctioneer may split or reject any bid at any time at his or her discretion as outlined in the
CONDITIONS OF SALE.

BUYER'S PREMIUM
A buyer's premium is added to the winning price of each individual lot purchased. In addition to the hammer
price, the buyer agrees to pay to us the buyer’s premium together with any applicable value added tax. The
buyer’s premium is 10% of the final bid price of each lot up to and including EUR 10.000, 7.5% of the excess
of the hammer price above EUR 10.000 and up to and including EUR 100.000 and 5% of the excess of the
hammer price above EUR 100.000.

PAYMENT
All buyers are asked to pay the full amount due (comprising the hammer price, buyer’s premium and any
applicable taxes) not later than the seventh (7) calendar day following the sale. Payment may be made to
Calusari by cash and wire transfer. Please note that payments by wire transfer may result in property not
being released until purchase funds clear our bank.

AUCTION RESULTS
Auctions results are published on our website immediately after the sale.
LOT 1

Lot Description
MARC KOPIL (1973-)
COUNTERSTRIKE

2005. Acrylic on canvas, 120 x 100 cm.


Signed and dated lower right.

Estimate
EUR 4.000-5.000

Provenance
Private collection, Oradea

Literature and Illustration


Marc Kopil 2005-2010, catalogue of the exhibition held at Posticum, Oradea.

Exhibitions
2010, Posticum, Oradea

Lot Notes
Marc Kopil about computer games:

Computer games [...] represent people's need to escape from the mundane and commonplace world around
us, into a more fantastic realm, in which, paradoxically, things seem to be more safe and well-ordered than
in the real world. I know it is not a serious alternative to reality, but what I'm trying to say is that we all tend to
run away from the toxic reality that sorounds us.
Source: Omagiu, Isoni Design, 2008
LOT 2

Lot Description

Lot Description
MARC KOPIL (1973-)
ALICE IN WONDERLAND

2007. Acrylic on canvas,120 x 120 cm. Signed and dated lower right.

Estimate
EUR 6.000-8.000

Provenance
Private collection, Oradea

Literature and Illustration


Omagiu, Isoni Design, 2008
Marc Kopil 2005-2010, catalogue of the exhibition held at Posticum, Oradea.

Exhibitions
2010, Posticum, Oradea

Lot Notes
Marc Kopil about his angels:

To be honest, I don't know what angels are, what they look like, or how to explain them. But the church,
and the religion in general, doesn't have exclusive copyright on them. Maybe they are the people of the
future, unaltered by urban despair; maybe angels are us in a future or past life; maybe they are the purest
expression of our need for love - that need which we always postpone because of being too busy with our
immediate and rather ridiculous 'needs' as consumers.
Source: Omagiu, Isoni Design, 2008.
LOT 3

Lot Description
Lot Description
MARC KOPIL (1973-)
JULIO CORTAZAR REVISITED

2010. Acrylic on canvas, 70 x 70 cm. Signed and dated lower left.

Estimate
EUR 2.000-3.000

Provenance
Private collection, Oradea

Literature and Illustration


Omagiu,
Marc Kopil 2005-2010, catalogue of the exhibition held at Posticum, Oradea.

Exhibitions
2010, Posticum, Oradea
LOT 4

Lot Description
WANG DELONG (1940-)
DELUGE

2003. Acrylic and colage on canvas.


92 x 120 cm. Signed and dated by artist lower right.

Estimate
EUR 10.000-12.000

Provenance
Private collection, Oradea. Aquired from the artist in 2008 by the present owner.

Literature and Illustration


COUNTERPOINT NO4

Lot Notes
Wang Delong lives and works in Qinghai, China. For this abstract expressionist composition the artist
found inspiration from Salvador Dali painting, The Temptation of St.Anthony, and the cave paintings
from Cueva de las Manos, Argentina.
LOT 5

Lot Description
Lot Description
SUGAR ÁNDOR (1903-1944)
TOWERS FROM SAN GIMIGNANO

1930. Tempera and oil on hessian. Signed in monogram and dated by artist, S.A.930, 96 x 56 cm.

Estimate
EUR 8.000-10.000

Provenance
Private collection, Budapest.

Literature and Illustration


Sugár Andor studied painting at Artúr Podolini-Volkmann School and worked in Italy as a silversmith. He was
member of the Socialist Artists Union, Szocialista Képzőművészek Csoportjának.
LOT 6

Lot Description
KÁDÁR BÉLA (1877-1956)
L'EMBRACE

1940's. Wax crayons on paper. Signed lower right Kadar/Bela, 62.8 x 46.4 cm

Estimate
EUR 4.000-4.500

Provenance
Private collection, Budapest.

Lot Notes
Kadar Bela adopted in his art most of 20th century international trends such as Cubism,
Futurism, Neo-Privitivism, Constructivism and the Metaphysical School. The influence of German
Expressionism and the style of Carl Hofer is showed in this work.

Reference
Auction 145, Lot 58, 2007, Villa Grisebach, Germany
LOT 7

Lot Description
ARMAND SCHÖNBERGER
(1885 - 1974)
GIRL READING

1940's. Pastel on wove paper.


Signed lower right,
Schönberger Armand, 64 x 48.2 cm

Estimate
EUR 1.000-1.500

Provenance
Dr. Istvan Schlegl Gallery, Zurich,
circa 1970
Private collection, Budapest

Lot Notes
Armand Schönberger studied in Munich and at the Society of Plastic Artists from Baia Mare.
He painted metropolitan and industrial landscapes, still lifes and portraits but he is especially known for
painting the exuberance of Budapest night life in 20’s and 30’s at the coffee houses and at the concerts.
LOT 8
Lot Description
NAGY OSZKÁR
(1883 - 1965)
LANDSCAPE FROM BAIA MARE

1930's. Oil on cardboard.


Signed lower right, Nagy Oszkár.
54.5 x 74 cm

Estimate
EUR 5.000-6.000

Provenance
Private collection, Oradea

Lot Notes
Nagy Oszkár studied painting with Károly Ferenczy at the Academy of Fine Arts, Budapest and with
István Réti, the founder of Society of Plastic Artists from Baia Mare. After his one year scholarship in
Italy he returned to Baia Mare where he soon developed his artistic style. He painted mostly landscapes
from Baia Mare and portraits. Althought unique, his art cand be traced to Paul Cézanne landscapes and
German Expressionism. He exhibited in 1922 at Satu Mare, in 1936, at Carlton Hotel, Timisoara, in 1942 at
University Library, Cluj-Napoca and in 1944 at Széchenyi Square Kiosk, Oradea. Nagy Oszkár founded the
artists colony in Baia Sprie (Felsőbánya) which was intended to be the rival of the Baia Mare (Nagybánya)
colony.
Due to the facts that he worked remote in Baia Mare, Baia Sprie and never exhibited his paintings in major
cities he unfortunately did not achieved a fame in Europe.
LOT 9

Lot Description
CORNELIU BABA
(1906-1997)
PORTRAIT OF A YOUNG GIRL

1930's. Oil on cardboard.


Signed lower right, Baba.
49.5 x 66.3 cm

Estimate
EUR 40.000-50.000

Provenance
Ex-collection ALEXANDRU HASAŞ, Oradea.

Lot Notes
Corneliu Baba did not joined the modernism of 20th century. He rather developed a sui generis style,
somethimes considered unfashionably for a 20th century painter, focusing on what Baba himself cited, El
Greco, Rembrandt, and Goya as particularly strong influences. I have asked myself so many times, as others
have asked me too, why I am held in such thrall by El Greco, by Rembrandt, and by Goya… Rembrandt is the
nearest to me. (quoted by Pavel Susara in his book Corneliu Baba, London: Parkstone, 2001. p. 123).

Corneliu Baba favourite subjects were the psychological portrait, the harlequin, and the mad king. The
present lot represent, probably, the most profound psychological child portrait in the history of Romanian
painting.
LOT 10

Lot Description

MAX HERMAN MAXY


(1895 - 1971)
THREE MUSICIANS

1926. Oil on canvans.


Signed and dated lower right, maxy/1926.
49.5 x 57.7 cm

Estimate
EUR 70.000-80.000

Provenance
circa 1930 to circa 1956, Horovitz, Bucharest,
circa 1956 to 2003, Mitrutz collection, Romania,
2005 to present, private collection, Basel, Switzerland
Max Herman Maxy was a painter, designer and editor who played a major role in Romanian
Modernism. Together with Ilarie Voronca, Stephan Roll, Filip Brunea-Fox, Benjamin Fondane,
Claude Sernet, and Ion Călugăru, Max Herman Maxy gave the modernist art movements (cubism,
dadaism, futurism) the shape of Integralism. The therm (translated from Romanian Integralist) should
not be confused with National Integralism ideology.

Max Herman was born in Braila on 26 October 1895, in the family of carpenter Iancu Herman and his
wife Eti.
He studied in Bucharest under Camil Ressu and Iosif Iser in 1913-1915 and under Arthur Segal in
1922 at Berlin. It was Iosif Iser who suggested him “Maxy” pseudonym.

He joined Novembergruppe in October 1922 and exhibited at Der Sturm on May 1923 together
with: Alexey von Jawlensky, Arthur Segal, Cesar Domela, El Lissitzky, Erich Buchholz, Hans Richter,
Hannah Hoch, Ivan Puni, Lazlo Peri, Lazlo Moholy-Nagy, Teo Van Doesburg, and Vilmos Huszar.

Returning in Bucharest he organized First International Contimporanul Exhibition with the


participation of: Arthur Segal, Constantin Brancusi, Erich Buchholz, Hans Mattis-Teitsch, Hans Arp,
Hans Richter, Karel Teige, Kurt Schwitters, Lajos Kassak, Marcel Iancu, Mieczysław Szczuka, Milița
Petrașcu, Paul Klee, Victor Brauner, and Viking Eggeling. The exhibition was followed by the second
in 1930 held together with the Facla Group, honouring the visit of F.T. Marinetti in Romania, by the
third in 1935 and by the fourth in 1936.

In January 1925, using the Bauhaus as a the model he organized Academia Artelor Decorative (The
Academy for Applied Arts).
In May 1929 at Exposicion Internacional held in Barcelona, Max Herman Maxy was awarded with
gold medal for his decorative work “Tea Set”.
In May 1930 M.H.Maxy exhibited at the Gemeente Museum voor Moderne Kunst, The Hague and
in June at Stedelijk Museum, Amsterdam.
In July 1930 M.H.Maxy exhibited at Galerie Giroux, Bruxelles.

With the invitation of Filippo Tommaso Marinetti, in December 1933, Max Herman Maxy exhibited at
Futurist Art Exhibition, held in Rome.

M.H.Maxy exhibited at Romanian Pavilion, Exposition Universale, on September 1937.

After World War II he exhibited at Prague in 1956 and at Budapest in 1959. He died in 1971 in
Bucharest.
Max Herman Maxy contributions (costume design or/and scenic design) to Romanian
theatre:
YEAR TITLE AUTHOR THEATRE DIRECTOR M.H.MAXY

1925 Cantaretul tristetii Ossip Dimov Central I.M. Daniel costume design and
sale (Joseph scenic design
Der Zinger fun Perlman)
zayn troyer

Saul André Gide Central I.M. Daniel costume design and


scenic design

1926 Omul, Bestia si Luigi Pirandello Central Henry Tarlo costume design and
Virtutea scenic design
L'Uomo, La Bestia
e La Virtù

Got fun Nekomeh Sholem Asch Central Sandu Eliad scenic design

Manechinul Ion Minulescu Central Paul Gusty costume design and


sentimental scenic design

Gandul Leonid Central Alexander scenic design


Nikolaievich Stein
Andreyev

1927 Greierul de pe Charles Dickens Central Alexander costume design and


vatra Stein scenic design
The Cricket on the
Hearth

Ratatii Henri René Caragiale Sandu Eliad scenic design


Les Ratés Lenormand

Camarazii August Caragiale Yankev scenic design


Kamraterna Strindberg Shternberg

1930 Croitorasul Sholem Aleichem BITS Jacob scenic design


fermecat Bukareshter Sternberg
Der farkishefter Idishe Teater-
shnayder Studie

Le Couturier Salom Asch BITS Jacob scenic design


enchanté Bukareshter Sternberg
Idishe Teater-
Studie

Noaptea in targul Isaac Leib Peretz BITS Jacob scenic design


vechi and Bukareshter Sternberg
A Night in the Old Jacob Gordin Idishe Teater-
Marketplace Studie

1932 Maia Simon Gantillon Liber Marietta scenic design


Sadova
(Sadoveanu)

1933 Kukuriku, Sholem- Yankev Sophia I. Lieblich Yankev costume design


Aleykhem Shternberg Garden Shternberg and scenic design
Jignitza
1934 Bukaresht- Yankev Sophia I. Lieblich Yankev costume design and
Yerusholaim Shternberg Garden Shternberg scenic design
Jignitza

1941 Fratii Sanger Margaret Barasheum Moni costume design and


The Constant Kennedy Ghelerter scenic design
Nymph

1942 Cutia cu iluzii(?) Isac Ludo Barasheum Moni design decor


Gheleter

1943 Cantaretul tristetii Osip Dimov Barasheum Sandu Eliad costume design and
sale scenic design
Der Zinger fun
zayn troyer

1944 Melo Henri Bernstein Barasheum Moni scenic design


Ghelerter

Potopul Johan Henning Barasheum Moni scenic design


Syndafloden Berger Ghelerter

The Big Lottery Sholem Aleichem Barasheum Sandru Eliad scenic design
Dos groyse gevins

Nopti fara luna Mihail Sebastian Barasheum Moni scenic design


Ghelerter

1948 Fundatura Sidney Kingsley National Studio Dinu scenic design


Dead End Negreanu

1970 Noaptea in targul Isaac Leib Peretz Evreiesc de Stat Iso Schapira scenic design
vechi and
A Night in the Old Jacob Gordin
Marketplace
Personal exhibitions of M.H.Maxy:

Date Location

1920 November Bucharest Unirea Association Hall

1921 November Bucharest Mozart Hall

1923 April Berlin Galerie Der Sturm

1927 February Bucharest Academy of Decorative Arts

October Bucharest Academy of Decorative Arts

1928 November Bucharest Academy of Decorative Arts

1937 April Bucharest Mozart Hall

1943 December? Bucharest in his appartment

1945 December Bucharest Dalles Hall

1965 October Bucharest Dalles Hall

Important group exhibitions of M.H. Maxy:

1918 April Iasi Gandul Liber Hall

1921 May Bucharest Arta Romana (Exhibition Romanian Art)

1922 May Bucharest Arta Romana (Exhibition Romanian Art)

October Berlin Jury-Free Art Show

1923 May Berlin Gallery Der Sturm

1924 May Bucharest Salonul Oficial


Official Salon

November Bucharest First International Contimporanul Exhibition

1925 May Bucharest Salonul Oficial


Official Salon

1926 October Bucharest Academia Artelor Decorative


Academy for Decorative Arts

1927 April Berlin Arthur Segal School, first exhibition


at Kunsthaus Twardy

May Bucharest Hasefer Library and Publishing House

September Bucharest Congres de la Presse Latine /


Exposition d’art roumain

1929 April Bucharest Academia Artelor Decorative/


Grupul de Arta Noua
Academy for Decorative Arts/ New Art
Group

May Barcelona Exposicion Internacional


International Exhibition
M. H. Maxy was awarded with gold medal
for his decorative work “Tea Set”

1930 April Bucharest Salonul Oficial


Official Salon

May Bucharest Second Contimporanul Exhibition


organized together with newspaper FACLA
(flame) honouring the visit of F.T. Marinetti
in Romania.

May The Hague Gemeente Museum voor Moderne Kunst,


Tentoonsteling van Roemeensche Kunst
Romanian Art Exhibtion

June Amsterdan Stedelijk Museum


Tentoonsteling van Roemeensche Kunst
Romanian Art Exhibition

July Bruxelles Exposition d’Art Roumain a l’occasion du


Centenaire de l’independance a Belge
Romanian Art Exhibition at the Centenary
of Belgium Independence

1931 May Bucharest Salonul Oficial de Arhitecture si


Arta Decorativa
Official Salon of Achitecture and Design

1932 January Bucharest Grupul de Arta Noua


New Art Group

1933 February Bucharest Sala Dalles, Grupul Plastic Criterion


Dalles Hall together with Criterion Group

1933 December Rome Futurist Art Exhibition

1934 April Bucharest Grupul Plastic

1935 February Bucharest Expozitia Grupului Contimporanul,


Sala Mozart
Third Contimporanul Group Exhibition,
Mozart Hall

May Bucharest Comedia Theatre

1936 January Bucharest Expozitia Grupului Contimporanul


Fourth Contimporanul Group Exhibition
Salonul Oficial
May Bucharest
Official Salon

1937 September Paris Romanian Pavilion, Exposition Universale


Regarding the present lot, a year before Max Herman Maxy painted Three Musicians, he designed the
costumes and the scenes for the play Der Zinger fun zayn troyer by Ossip Dimov (Joseph Perlman) and for
Saul by André Gide. Both were played at the Teatrul Central and directed by I.M. Daniel.
In the 1926 Max Herman Maxy designed the costumes (i) and/or the scenes (ii) for:

L'Uomo, La Bestia e La Virtù by Luigi Pirandello, directed by Henry Tarlo, ( i and ii)

Got fun Nekomeh by Sholem Asch, directed by Sandu Eliad, (ii)

Manechinul Sentimental by Ion Minulescu, directed by Paul Gusty,( i and ii).

Thought by Leonid Nikolaievich Andreyev, directed by Alexander Stein, (ii)

All were played at the Teatrul Central.

Taking into account the work in the collection of National Museum of Art of Romania entitled Devils, study for
costumes design for the play Saul by André Gide”, the present lot represent the costumes for the same play.

Biography
Israil Bercovici, O suta de ani de teatru evreiesc in Romania, Editura Integral, Bucuresti, 1998
Petre Oprea, M.H.Maxy, Editura Meridiane, Bucuresti, 1974
Stephan Roll, Optzeci de ani de teatru evreiesc in Romania (1876-1956), TESB, Bucuresti, 1956
CONDITIONS OF SALE

These CONDITIONS OF SALE contain all the terms on which Calusari and the Seller contract with
the Buyer. By participating in any sale, you are acknowledge that you are bound by these terms and
conditions.

1. CALUSARI AS AGENT
Except as otherwise stated, Calusari acts as agent for the Seller. The property will be offered by us as
agent for the Seller, unless the catalogue indicates otherwise. Therefore, the contract for the sale of the
property is therefore made between the Seller and the Buyer.

2. AS IS
Goods auctioned are often of some age. The authenticity of property listed in the catalogue is guaranteed
as stated in the LIMITED WARRANTY, in paragraph 6. We and the Seller are no responsible for
errors and omissions in the printed catalogue, online catalogue, or in any supplemental material. All
property is sold "AS IS" without any representations and warranties by Calusari or the Seller as to:(a)
merchantability, (b) fitness for a particular purpose, (c) quality, (d) rarity, (e) importance, (f) size, (g)
medium, (h) provenance, (i) exhibitions, (j) literature, (k) historical relevance, and (l) the correctness
of the catalogue or other descriptions of the physical conditions of any property and no statement
anywhere whether oral or written, whether made in the catalogue, an advertisement, a bill of sale, a
saleroom posting or announcement, or elsewhere shall be deemed such a warranty, representations or
assumptions of liability.

3. BEFORE THE SALE


(a) Examination of property
Prospective buyers are strongly advised to examine personally any property in which they are interested,
before the auction takes place, in order to determine its condition, size and whether or not it has been
repaired or restored . CONDITIONS REPORTS are usually available on request. Neither Calusari
nor the Seller provides any guarantee in relation to the nature of the property apart from the LIMITED
WARRANTY in paragraph 7 below. The property is otherwise sold "AS IS".

(b) All statements made by us in the catalogue entry for the property or in the condition report, or made
orally or in writing elsewhere, are statements of opinion and are not to be relied on as statements of fact.
Such statements do not constitute a representation, warranty or assumption of liability by us of any kind.
References in the catalogue entry or the condition report to damage or restoration are for guidance only
and should be evaluated by personal inspection by the bidder or a knowledgeable representative. The
absence of such a reference does not imply that an item is free from defects or restoration, nor does
a reference to particular defects imply the absence of any others. Estimates of the selling price should
not be relied on as a statement that this is the price at which the item will sell or its value for any other
purpose. Except as set forth in paragraph 6 below, neither Calusari nor the Seller is responsible in any
way for errors and omissions in the catalogue or any supplemental material.

(c) Buyer’s responsibility


Except as stated in the LIMITED WARRANTY in paragraph 6 below, all property is sold "AS IS" without
any representation or warranty of any kind by Calusari or the Seller. Buyers are responsible for satisfying
themselves concerning the condition of the property and the matters referred to in the catalogue entry.

(d) Withdrawal
We reserve the right to withdraw any property before the sale and have no liability whatsoever for such
withdrawal.
4. AT THE SALE
(a) Refusal of admission.
Calusari has the right, at our complete discretion, to refuse admission to the premises or participation in
any auction and to reject any bid.

(b) Registration before bidding


A prospective buyer must complete and sign a registration form and provide identification before bidding.
We may require the bank financial references and in some cases a warranty deposit.

(c) Bidding as principal


When making a bid, a bidder is accepting personal liability to pay the purchase price, including the
buyer’s premium and all applicable taxes, plus all other applicable charges, unless it has been explicitly
agreed in writing with before the commencement of the sale that the bidder is acting as agent on behalf
of an identified third party acceptable to Calusari, and that Calusari will only look to the principal for
payment.

(d) Absentee bids


We will use reasonable efforts to carry out written bids delivered to us prior to the sale for the
convenience of clients who are not present at the auction in person, or by an agent or by telephone.
Please refer to the catalogue for the ABSENTEE BIDS FORM. If we receive written bids on a particular
lot for identical amounts, and at the auction these are the highest bids on the lot, it will be sold to the
person whose written bid was received and accepted first. Execution of written bids is a free service
undertaken subject to other commitments at the time of the sale and we do not accept liability for failing to
execute a written bid or for errors and omissions in connection with it.

(e) Telephone bids


Telephone bids will be accepted no later than 24 hours prior to the sale and only if the capacity of our
pool of staff phone bidders allows. Telephone bids may be recorded. By bidding on the telephone,
prospective purchasers consent to the recording of their conversations. Calusari offers all absentee
and telephone bidding services as a convenience to our clients, but will not be responsible for errors or
failures to execute bids.

(h) Reserves
Unless otherwise indicated, all lots are offered subject to a reserve, which is the confidential minimum
price below which the lot will not be sold. The reserve will not exceed the low estimate printed in the
catalogue. If any lots are not subject to a reserve, they will be identified with the symbol • next to the
lot number. The auctioneer may open the bidding on any lot below the reserve by placing a bid on
behalf of the Seller. The auctioneer may continue to bid on behalf of the seller up to the amount of the
reserve, either by placing consecutive bids or by placing bids in response to other bidders. With respect
to lots that are offered without reserve, unless there are already competing bids, the auctioneer, in his
or her discretion, will generally open the bidding at 50% of the low pre-sale estimate for the lot. In the
absence of a bid at that level, the auctioneer will proceed backwards in his or her discretion until a bid is
recognized, and then continue up from that amount. Absentee bids will, in the absence of a higher bid,
be executed at approximately 50% of the low pre-sale estimate or at the amount of the bid if it is less than
50% of the low pre-sale estimate. In the event that there is no bid on a lot, the auctioneer may deem such
lot unsold.

(i) Calusari’s discretion


The Calusari has the right at his absolute and sole discretion to refuse any bid, to advance the bidding in
such a manner as he may decide, to withdraw or divide any lot, to combine any two or more lots and, in
the case of error or dispute, and whether during or after the sale, to determine the successful bidder, to
continue the bidding, to cancel the sale or to re-offer and resell the item in dispute. If any dispute arises
after the sale, our sale record is conclusive.

(j) Successful bid and passing of risk


Subject to the auctioneer’s discretion, the highest bidder accepted by the auctioneer will be the Buyer and
the striking of his hammer marks the acceptance of the highest bid and the conclusion of a contract for
sale between the Seller and the Buyer. Risk and responsibility for the lot (including frames or glass where
relevant) passes to the Buyer at the expiration of seven calendar days from the date of the sale or on
collection by the Buyer if earlier.
5. AFTER THE SALE
(a) Buyer’s premium
In addition to the hammer price, the buyer agrees to pay to us the buyer’s premium together with any
applicable value added tax. The buyer’s premium is 10% of the final bid price of each lot up to and
including EUR 10,000, 7.5% of the excess of the hammer price above EUR 10,000 and up to and
including EUR 100,000 and 5% of the excess of the hammer price above EUR 100,000.

(b) Payment and passing of title


The Buyer must pay the full amount due (comprising the hammer price, buyer’s premium and any
applicable taxes) not later than the seventh (7th) calendar day following the sale. The buyer will not
acquire title to the lot until all amounts due to us from the buyer have been received by us in good cleared
funds.

(c) Collection of purchases


We shall be entitled to retain items sold until all amounts due to us, have been received in full in good
cleared funds. Subject to this, the Buyer shall collect purchased lots within seven (7) calendar days
from the date of the sale unless otherwise agreed between us and the Buyer. Where purchases are not
collected within seven (7) calendar days from the date of the sale, whether or not payment has been
made, we shall additionally charge the Buyer for administration, handling, insurance and any other costs
incurred.

(d) Packing, handling and shipping


Although we shall use reasonable efforts to take care when handling, packing and shipping a purchased
lot, we are not responsible for the acts or omissions of third parties whom we might retain for these
purposes. Similarly, where we may suggest other handlers, packers or carriers if so requested, we do not
accept responsibility or liability for their acts or omissions.

(f) Remedies for non payment


If the buyer fails to make payment in full in good cleared funds within the time required by paragraph 5(b)
above, we shall be entitled in our absolute discretion to exercise one or more of the following rights or
remedies (in addition to asserting any other rights or remedies available to us by law):
(i) to cancel the sale;
(ii) the warranty deposit of the Buyer will not be returned;
(iii) to hold the defaulting Buyer liable for the total amount due and to commence legal proceedings for its
recovery together with interest, legal fees and costs to the fullest extent permitted under applicable law;
(iv) to resell the property publicly or privately on such terms as we shall think fit;

If we resell the property under paragraph (iv) above, the defaulting buyer shall be liable for payment
of any deficiency between the total amount originally due to us and the price obtained upon resale as
well as for all costs, expenses, damages, legal fees and commissions and premiums of whatever kind
associated with both sales or otherwise arising from the default. If we pay any amount to the Seller, the
Buyer acknowledges that Calusari shall have all of the rights of the Seller, however arising, to pursue the
Buyer for such amount.

(g) Failure to collect purchases


Where purchases are not collected within seven (7) calendar days from the date of the sale, whether
or not payment has been made, we shall additionally charge the Buyer for administration, handling,
insurance and any other costs incurred.
6. LIMITED WARRANTY

6.1 Subject to the terms and conditions of this paragraph, CALUSARI warrants for a period of five (5)
years from the date of the sale that any property described in headings printed in UPPER CASE TYPE
(i.e. headings having all capital-letter type) in this catalogue which is stated without qualification to be the
work of a named author or authorship, is authentic and not a forgery. The term “author” or “authorship”
refers to the creator of the property or to the period, culture, source or origin, as the case may be, with
which the creation of such property is identified in the UPPER CASE TYPE description of the property
in this catalogue. Only UPPER CASE TYPE headings of lots in this catalogue indicate what is being
warranted by Calusari. Calusari warranty does not apply to supplemental material which appears below
the UPPER CASE TYPE headings of each lot and Calusari is not responsible for any errors or omissions
in such material. The warranty is subject to the following conditions:
(i) It does not apply where (a) the catalogue description corresponded to the generally accepted opinion
of scholars or experts at the date of the sale or fairly indicated that there was a conflict of opinions; or
(b) correct identification of a lot can be demonstrated only by means of either a scientific process not
generally accepted for use until after publication of the catalogue or a process which at the date of
publication of the catalogue was unreasonably expensive or impractical or likely to have caused damage
to the property.
(ii) The benefits of the warranty are not assignable and shall apply only to the original buyer of the lot as
shown on the invoice originally issued by Calusari when the lot was sold at auction.
(iv) In no event will our liability to a Buyer will exceed the hammer price price actually paid. The Buyer’s
sole and exclusive remedy against Calusari and the Seller, in place of any other remedy which might
be available, is the cancellation of the sale and the refund of the hammer price paid for the lot. Neither
Calusari nor the Seller will be liable for any special, incidental or consequential damages including,
without limitation, loss of profits nor for interest.

6.2 To be able to claim under this LIMITED WARRANTY the original purchaser of record must:
(i) notify Calusari in writing within three (3) months of receiving any information that causes the original
buyer of the lot to question the accuracy of UPPER CASE TYPE type heading, specifying lot number,
date of the auction at which it was purchased and the reasons for such question; and
(ii) return the Lot to Calusari original selling location in the same condition as at the day of the sale; and
(iii) obtain at the original Buyer's costs, the reports of three independent and recognized experts in the
field, which question the accucy of UPPER CASE TYPE type heading.

7. EXTENT OF LIMITED WARRANTY


We agree to refund the purchase price in the circumstances of the LIMITED WARRANTY set out in
paragraph 6 above. Apart from that, neither the seller nor we, nor any of our officers, employees or
agents, are responsible for the correctness of any statement of whatever kind concerning any lot, whether
written or oral, nor for any other errors or omissions in description or for any faults or defects in any lot.
Except as stated in paragraph 2 and 6, neither the Seller, ourselves, our officers, employees or agents,
give any representation, warranty or guarantee or assume any liability of any kind in respect of any
lot with regard to merchantability, fitness for a particular purpose, description, size, quality, condition,
attribution, authenticity, rarity, importance, medium, provenance, exhibition history, literature or historical
relevance.

8. COPYRIGHT
The copyright in all images, illustrations and written material produced by or for Calusari relating to a
lot including the contents of this catalogue, is and shall remain at all times the property of Calusari and
shall not be used by the Buyer, nor by anyone else, without our prior written consent. Calusari and the
Seller make no representation or warranty that the Buyer of a property will acquire any copyright or other
reproduction rights in it.

9. LAW AND JURISDICTION


If any part of these CONDITIONS OF SALE is found by any court to be invalid, illegal or unenforceable,
that part shall be discounted and the rest of the conditions shall continue to be valid to the fullest extent
permitted by law.
The rights and obligations of the parties with respect to these CONDITIONS OF SALE, the conduct of the
auction and any matters connected with any of the foregoing shall be governed and interpreted by the laws
of the jurisdiction in which the auction is held. By bidding at auction, whether present in person or by agent,
by written bid, telephone or other means, the Buyer shall be deemed to have submitted, for the benefit of
Calusari, to the exclusive jurisdiction of the courts of that country.
ABSENTEE BID FORM

Please print and complete by hand this Absentee Bid Form bellow.
The scanned Absentee Bid Form together with scans of Identification (Passport or National Identity )
and Proof of Address (Utility Bill and Bank Statement issued within the last six months ) should be sent
by e-mail at: info(at)calusari-auctions(dot)com. All the scanned documents should bear the signature of a
Notary Office in your country.
We accepting bid amounts in EURO, and please use block letters when writing them in the bellow table.
Bidders who have newer purchased at Calusari Auctions will be required to deposit in advance 10% of
the maximum price they are submitted.

Billing Name Client Number

Address

City Country Postal Code

Email Address Telephone

Sale Date Sale Number

I request that Calusari Auctions enters bids to the following lots up to the maximum price, I have indicated
for each lot. I understand that submiting this bid, I have entered into a bidding contract, to purchase the
individual lots if my bid is successful, I will be obligated to pay the purchase price which will be the sum of
my final bid plus buyer’s premium.

Signature Date

Print Name (IN BLOCK LETTERS)

Lot Number Description


Bid Amount
Maximum price in €
use BLOCK LETTERS
PRINTS AND MULTIPLES
SALE NUMBER 102, RESULTS

LOT NUMBER PRICE The following prices in EUR include the buyer's
premium and are rounded to the nearest
euro.Lots which did not sell, or have been
withdrawn do not appear bellow. The buyer’s
1 880
2 220 premium is 10% of the final bid price of each lot
3 220 up to and including EUR 10,000, 7.5% of the
4 440 excess of the hammer price above EUR 10,000
5 2750 and up to and including EUR 100,000 and 5%
6 2750 of the excess of the hammer price above EUR
7 4400 100,000.Calusari Auctions is not responsible for
8 2530
errors or omissions.
9 3300
10 990
For catalogue subscriptions please write to
catalogs@calusari-auctions.com.

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