Important Irish Art - 28th September 2022

GENERAL TERMS & CONDITIONS OF BUSINESS The Auctioneer carries on business on the following terms and conditions and on such other terms or conditions as may be expressly agreed with the Auctioneer or set out in any relevant Catalogue. Conditions 12-21 relate mainly to buyers and conditions 22-32 relate mainly to sellers. Words and phrases with special meanings are defined in condition 1. Buyers and sellers are requested to read carefully the Cataloguing Practice and Catalogue Explanation contained in condition 2. DEFINITIONS 1. In these conditions the following words and expressions shall have the following meanings: Auctioneer - James Adam and Sons trading as Adam?s. Auctioneer?s Commission - The commission payable to the Auctioneer by the buyer and seller as specified in conditions 13 and 25. Catalogue - Any advertisement, brochure, estimate, price or other publication. Forgery - A Lot which was made with the intention of deceiving with regard to authorship, culture, source, origin, date, age or period and which is not shown to be such in the description therefore in the Catalogue and the market value for which at the date of the auction was substantially less than it would have been had the Lot been in accordance with the Catalogue description. Hammer Price - The price at which a Lot is knocked down by the Auctioneer to the buyer. Lot - Any item which is deposited with the Auctioneer with a view to its sale at auction and, in particular, the item or items described against any Lot number in any Catalogue. Proceeds of Sale - The net amount due to the seller being the Hammer Price of the Lot after deducting the Auctioneer?s Commission thereon under condition 25 the seller?s contribution towards insurance under condition 26, such VAT as is chargeable and any other amounts due by the seller to the Auctioneer in whatever capacity howsoever arising. Registration Form or Register - The registration form (or, in the case of persons who have previously attended at auctions held by the Auctioneer and completed registration forms, the register maintained by the Auctioneer which is compiled from such registration forms) to be completed and signed by each prospective buyer or, where the Auctioneer has acknowledged pursuant to condition 12 that a bidder is acting as agent on behalf of a named principal, each such bidder prior to the commencement of an auction. Sale Order Form - The sale order form to be completed and signed by each seller prior to the commencement of an auction. Total Amount Due - The Hammer Price of the Lot sold, the Auctioneer?s Commission due thereon under condition 13, such VAT as is chargeable and any additional interest, expenses or charges due hereunder. V.A.T. - Value Added Tax. Cataloguing Practice & Catalogue Explanations 2. Terms used in Catalogues have the following meanings and the Cataloguing Practice is as follows: The first name or names and surname of the artist - In the opinion of the Auctioneer a work by the artist. The initials of the first name(s) and the surname of the artist - In the opinion of the Auctioneer a work of the period of the artist and which may be in whole or in part the work of the artist. The surname only of the artist - In the opinion of the Auctioneer a work of the school or by one of the followers of the artist or in his style. The surname of the artist preceded by ?after? - In the opinion of the Auctioneer a copy of the work of the artist. Signed/Dated/Inscribed - In the opinion of tile Auctioneer the work has been signed/dated/inscribed by the artist. With Signature/With date/With inscription?- In the opinion of the Auctioneer the work has been signed/dated/inscribed by a person other than the artist. Attributed to - In the opinion of the Auctioneer, probably a work of the artist. Studio of/Workshop of - In the opinion of the Auctioneer a work executed in the studio of the artist and possibly under his supervision. Circle of - In the opinion of the Auctioneer a work of the period of the artist and showing his influence. Follower of - In the opinion of the Auctioneer a work executed in the artist?s style yet not necessarily by a pupil. Manner of - in the opinion of the Auctioneer a work executed in artist?s style but of a later date. GENERAL CONDITIONS Auctioneer Acting as Agent 3. The Auctioneer is selling as agent for the seller unless it is specifically stated to the contrary. The Auctioneer as agent for the seller is not responsible for any default by the seller or the buyer. The auctioneer reserves the right to bid on behalf of the seller. Auctioneer Bidding on behalf of Buyer 4. It is suggested that the interests of prospective buyers are best protected and served by the buyers attending at an auction. However, the Auctioneer will, if instructed, execute bids on behalf of a prospective buyer. Neither the Auctioneer nor its employees, servants or agents shall be responsible for any neglect or default in executing bids or failing to execute bids. Admission to Auctions 5. The Auctioneer shall have the right exercisable in its absolute discretion to refuse admission to its premises or attendance at its auctions by any person. Acceptance of Bids 6. The Auctioneer shall have the right exercisable in its absolute discretion to refuse any bids, advance the bidding in any manner it may decide, withdraw or divide any Lot, combine any two or more Lots and, in the case of a dispute, to put any Lot up for auction again. Indemnities 7. Any indemnity given under these conditions shall extend to all actions, proceedings, claims, demands, costs and expenses whatever and howsoever incurred or suffered by the person entitled to the benefit of the indemnity and the Auctioneer declares itself to be a trustee of the benefit of every such indemnity for its employees, servants or agents to the extent that such indemnity is expressed to be for their benefit. Representations in Catalogues 8. Representations or statements made by the Auctioneer in any Catalogue as to contribution, authorship, genuineness, source, origin, date, age, provenance, condition or estimated selling price or value is a statement of opinion only. Neither the Auctioneer nor its employees, servants or agents shall be responsible for the accuracy of any such opinions. Every person interested in a Lot must exercise and rely on their own judgment and opinion as to such matters. 9. The headings of the conditions herein contained are inserted for convenience of reference only and are not intended to be part of, or to effect, the meaning or interpretation thereof. Governing Law 10. These conditions shall be governed by and construed in accordance with Irish Law. Notices 11. Any notice or other communication required to be given by the Auctioneer hereunder to a buyer or a seller shall, where required, be in writing and shall be sufficiently given if delivered by hand or sent by post to, in the case of the buyer, the address of the buyer specified in the Registration Form or Register, and in the case of the seller, the address of the seller specified in the Sale Order Form or to such other address as the buyer or seller (as appropriate) may notify the Auctioneer in writing. Every notice or communication given in accordance with this condition shall be deemed to have been received if delivered by hand on the day and time of delivery and if delivered by post three (3) business days after posting. CONDITIONS WHICH MAINLY CONCERN THE BUYER The Buyer 12. The buyer shall be the highest bidder acceptable to the Auctioneer who buys at the Hammer Price. Any dispute which may arise with regard to bidding or the acceptance of bids shall be settled by the Auctioneer. Every bidder shall be deemed to act as principal unless the Auctioneer has prior to the auction, acknowledged in writing that a bidder is acting as agent on behalf of a named principal. The Commission 13. The buyer shall pay the Auctioneer a commission at the rate of 25% of the Hammer Price, inclusive of VAT at the applicable rate on all individual lots. Payment 14. Unless credit terms have been agreed with the Auctioneer before the auction the buyer of a Lot shall pay to the Auctioneer within one (2) days from the date of the auction the Total Amount Due. Notwithstanding this, the Auctioneer may, in its sole discretion, require a buyer to pay a deposit of 25% of the Total Amount Due at the conclusion of the auction. The Auctioneer may apply any payments received by a buyer towards any sums owing from that buyer to the Auctioneer on any account whatever regardless of any directions of the buyer or his agent in that regard whether express or implied. The Auctioneer shall only accept payment from successful bidders in cash, draft in Euro or by the bidder?s own cheque drawn on an Irish bank account vouched to the satisfaction of the Auctioneer. Cheques drawn by third parties, whether in the Auctioneer?s favour or requiring endorsement, shall not be accepted. We also accept payment by credit card, Visa & Mastercard subject to a administration charge of 2% of the total amount due. American Expess 3.65% administration charge. We also accept debit card payments by way of Laser, with no surcharge, however the cardholder in person can only make the payment. Reservation of Title 15. Notwithstanding delivery or passing of risk to the buyer the ownership of a Lot shall not pass to the buyer until he has paid to the Auctioneer the Total Amount Due. Collection of Purchases 16. The buyer shall at his own expense collect the Lot purchased not later than two days after the date of the auction but (unless credit terms have been agreed with the Auctioneer pursuant to condition 14) not before payment Auctioneer of the Total Amount Due. The buyer shall be responsible for any removal, storage and insurance charges in respect of any Lot which is not taken away within 2 days after the date of the auction. The purchased Lot shall be at the buyer?s risk in all respects from the earlier of the time of collection or the expiry of (2) days from the date of the auction. Neither the Auctioneer nor its employees, servants or agents shall thereafter be liable for any loss or damage of any kind howsoever caused while a purchased Lot remains in its custody or control after such time Packaging and Handling of Purchased Lots 17. Purchased Lots may be packed and handled by the Auctioneer, its employees, servants or agents. Where this is done it is undertaken solely as a courtesy to buyers and at the discretion of the Auctioneer. Under no circumstances shall the Auctioneer, its employees, servants or agents be liable for damage of any kind and howsoever caused to glass or frames nor shall the Auctioneer be liable for the errors or omissions of, or for any damage caused by, any packers or shippers which the Auctioneer has recommended. Non-Payment or Failure to Collect Purchased Lots 18. If a buyer fails to pay for and/or collect any purchased Lot by the dates herein specified for payment and collection the Auctioneer shall, in its absolute discretion and without prejudice to any other rights or remedies it may have, be entitled to exercise one or more of the following rights or remedies without further notice to the buyer: (a) To issue court proceedings for damages for breach of contract; (b) To rescind the sale of that Lot or any other Lots sold to the buyer whether at that or at any other auction; (c) To resell the Lot or cause it to be resold whether by public auction or private sale. In the event that there is a deficiency between the Total Amount Due by the buyer and the amount received by the Auctioneer on such resale after deduction of any necessary expenses the difference shall be paid to the Auctioneer by the buyer. Any surplus arising shall belong to the seller; (d) To store (whether at the Auctioneer?s premises or elsewhere) and insure the purchased Lot at the expense of the buyer; (e) To charge interest on the Total Amount Due at the rate of 2% over and above the base rate from time to time of Bank of Ireland or if there be no such rate, the nearest equivalent thereto as determined by the Auctioneer in its absolute discretion from the date on which payment is due hereunder to the date of actual payment; (f) To retain that Lot or any other Lot purchased by the buyer whether at the same or any other auction and release same to the buyer only after payment to the Auctioneer of the Total Amount Due; (g) To apply any sums which the Auctioneer received in respect of Lots being sold by the buyer towards settlement of the Total Amount Due. (h) To exercise a lien on any property of the buyer in the possession of the Auctioneer or whatever reason. Liability of Auctioneer and Seller 19. Prior to auction ample opportunity is given for the inspection of the Lots on sale and each buyer by making a bid acknowledges that he has, by exercising and relying on his own judgment, satisfied himself as to the physical condition, age and Catalogue description of each Lot (including but not restricted to whether the Lot is damaged or has been repaired or restored). All Lots are sold with all faults and imperfections and errors of description. None of the seller, the Auctioneer nor any of their employees, servants or agents shall be responsible for any error of description or for the condition or authenticity of any Lot. No warranty whatsoever is given by the seller or Auctioneer or by any of their employees, servants or agents in respect of any Lot and any condition or warranty express, or implied by statute or otherwise is hereby specifically excluded. Forgeries 20. Any amount paid by a buyer in respect of a Lot which, if it is proved within three (3) years of the date of the auction at which it was purchased, to have been a Forgery shall be refunded to the seller subject to the provisions hereof, provided that: (a) The Lot has been returned by the buyer to the Auctioneer within three (3) years of the date of the auction in the same condition in which it was at the time of the auction together with evidence proving that it is a Forgery, the number of the Lot and the date of the auction at which it was purchased; (b) The Auctioneer is satisfied that the Lot is a Forgery and that the buyer has and is able to transfer good and marketable title to the Lot free from any third party claims; FURTHER PROVIDED THAT the buyer shall have no rights hereunder if: (i) The description of the Lot in the Catalogue at the time of the auction was in accordance with the then generally accepted opinion of scholars or experts or fairly indicated that there was a conflict of such opinion; (ii) The only method of establishing at the time of the auction in question that the Lot was a Forgery would have been by means of scientific processes which were not generally accepted for use until after the date of the auction or which were unreasonably expensive or impractical. The buyer?s sole entitlement under this condition is to a refund of the actual amount paid by him in respect of the Lot. Under no circumstances shall the Auctioneer be liable for any damage, loss (including consequential, indirect or economic loss) or expense suffered or incurred by the buyer by reason of the Lot being a Forgery. The benefit of this condition shall be solely and exclusively for the buyer and shall not be assignable. The buyer shall for the purpose of this condition be the person to whom the original invoice in respect of the sale of the Lot is made. Photographs 21. The buyer authorises the Auctioneer at any time to make use of any photographs or illustrations of the Lot purchased by the buyer for such purposes as the Auctioneer may require. 22. New VAT Regulations 22a) All lots are sold within the Auctioneer?s VAT margin scheme. Revenue Regulations require that the buyers premium must be invoiced at a rate which is inclusive of VAT. This VAT is not recoverable by any VAT registered buyer. VAT 34. It is presumed unless stated to the contrary, that the items listed herein are auction scheme goods as defined in the Finance Act 1995. VAT symbols, explanations and refunds This guide outlines the Value Added Tax (VAT) treatment of lot(s) sold at auction through Adam?s. It covers the most common types of transactions, although other situations may arise. As every buyer?s situation is different, we cannot offer specific tax advice. In all cases the relevant tax legislation takes precedence. You are advised to, and are responsible for, obtaining independent tax advice where necessary. Depending on the status of the lot, and your status as a buyer, VAT may be charged on the hammer price, the buyer?s premium or both. Any such taxes will be identified at lot level, therefore it is important to familiarize yourself with the key symbols below. Most lot(s) are sold in accordance with the Irish Auctioneer?s Margin Scheme and accordingly VAT will not normally be charged on the hammer price. Adam?s must bear VAT on the Buyer?s Premium and hence will charge an amount in lieu of VAT at the standard rate on these premiums i.e., the invoiced buyer?s premium of 25% will therefore include the VAT. Said lots are identified with no symbol denoted beside the lot number. A limited range of goods, including most books, are subject to a 0% rate of VAT and therefore no amount in lieu of VAT will be added to the Buyer?s Premium. ? Where Lots have been imported from outside the European Union, and are under a Temporary Admission Authorisation, they will be denoted by the symbol * shown beside the lot number in the catalogue. They may be subject to additional charges on the hammer price which should be the relevant prevailing rate in the jurisdiction of import on the date of importation. No symbol This is an Irish Auctioneers Margin Scheme lot. 23% Irish VAT will be charged on the?buyers? premium? only and invoiced on an inclusive basis. Total payable 25% ? * ? Symbol Lot imported under Temporary Admission. 13.5% Irish import VAT will be charged on the ?hammer? price and 23% Irish VAT will be charged on the ?buyer?s premium? and invoiced on an inclusive basis under Irish Auctioneer?s Margin Scheme rules. Total payable 38.5% (See below for more information) ? 0 ? Symbole VAT Zero-rated items (Ireland only) Total payable 20.325% VAT 34. It is presumed unless stated to the contrary, that the items listed herein are auction scheme goods as defined in the Finance Act 1995. VAT symbols, explanations and refunds This guide outlines the Value Added Tax (VAT) treatment of lot(s) sold at auction through Adam?s. It covers the most common types of transactions, although other situations may arise. As every buyer?s situation is different, we cannot offer specific tax advice. In all cases the relevant tax legislation takes precedence. You are advised to, and are responsible for, obtaining independent tax advice where necessary. Depending on the status of the lot, and your status as a buyer, VAT may be charged on the hammer price, the buyer?s premium or both. Any such taxes will be identified at lot level, therefore it is important to familiarize yourself with the key symbols below. Most lot(s) are sold in accordance with the Irish Auctioneer?s Margin Scheme and accordingly VAT will not normally be charged on the hammer price. Adam?s must bear VAT on the Buyer?s Premium and hence will charge an amount in lieu of VAT at the standard rate on these premiums i.e., the invoiced buyer?s premium of 25% will therefore include the VAT. Said lots are identified with no symbol denoted beside the lot number. A limited range of goods, including most books, are subject to a 0% rate of VAT and therefore no amount in lieu of VAT will be added to the Buyer?s Premium. ? Where Lots have been imported from outside the European Union, and are under a Temporary Admission Authorisation, they will be denoted by the symbol * shown beside the lot number in the catalogue. They may be subject to additional charges on the hammer price which should be the relevant prevailing rate in the jurisdiction of import on the date of importation. No symbol This is an Irish Auctioneers Margin Scheme lot. 23% Irish VAT will be charged on the?buyers? premium? only and invoiced on an inclusive basis. Total payable 25% ? * ? Symbol Lot imported under Temporary Admission. 13.5% Irish import VAT will be charged on the ?hammer? price and 23% Irish VAT will be charged on the ?buyer?s premium? and invoiced on an inclusive basis under Irish Auctioneer?s Margin Scheme rules. Total payable 38.5% (See below for more information) ? 0 ? Symbole VAT Zero-rated items (Ireland only) Total payable 20.325% General Exporting Lots from the European Union Where a Lot is exported from the European Union in accordance with the conditions detailed below the VAT may be cancelled or refunded by Adam?s as follows: 1. Lots sold under the Auctioneers Margin Scheme ? the amount charged in lieu of VAT on the buyer?s premium. 2. Lots under the Temporary Admission Authorisation - the amount charged in lieu of VAT on the buyer?s premium PLUS the prevailing Irish import VAT. Original correct export document is required from the Irish Revenue Commissioners showing that the lot has been exported from the European Union. A. Cancellation of VAT charges Where a buyer instructs an Adam?s authorised carrier to facilitate the transportation of the lot then a zero-rated invoice can be issued. The proof of export in the form of an export declaration to the Irish Revenue Commissioners will be facilitated by Adam?s customs agent. B. Refund of VAT Charges Where a buyer makes their own arrangements for transportation of the lot(s), the buyer must pay for the lot(s) in full including all elements of the Irish VAT. ONLY upon receipt of satisfactory proof of export (i.e. a copy of the export declaration to the Irish Revenue Commissioners showing that the lot has been exported from the European Union) will Adams then refund to the Buyer the amount of VAT initially paid. 1. VAT TO BE REFUNDED MUST BE ?50 OR MORE PER SHIPMENT 2. A PROCESSING FEE OF ?20 (PLUS ANY APPLICABLE VAT) WILL APPLY. Adam?s, upon request and for an administrative fee, may apply for a license to export your lot(s) outside of the EU. Miscellaneous 1. Buyers from outside the European Union should note that upon importing lots to their final destination outside the European Union, local import VAT, import duties, sales taxes and/or use taxes may be payable. Please consult your local tax advisor. 2. If you purchase a lot which is under a Temporary Admission Authorisation (indicated by a * symbol and intend to export it from the European Union for repair, restoration or alteration, please contact Adams before collection. Failure to do so may result in the import VAT becoming payable immediately and Adam?s being unable to refund the VAT charged on deposit. 3. If you collect the Lot from Adams in Ireland with a view to ?hand-carrying? it back to its final destination, you must pay the Irish VAT in full. Adams cannot cancel or refund the Irish tax in these circumstances. Artist?s Resale Rights (Droit de Suite) 35. Government Regulations (S.1. 312/2006), under this legislation a royalty (Droit de Suite) is payable to living artists and the estates of deceased artists within 70 years from their date of death, of E.U. Nationality on all works resold for ?3,000 or more, other than sold by the artist or the artist?s agent.The resale royalty payable is calculated as follows From ?3,000 to ?50,000 4% From ?50,000.01 to ?200,000 3% From ?200,000.01 to ?350,000 1% From ?350,000.01 to ?500,000 0.5% Exceeding ?500,000 0.25% The total amount of royalty payable on any individual sale shall not exceed ?12,500. The seller is liable for payment (paragraph 7.1 of Government Regulations (S.1. 312/2006) of this royalty on completion of the sale. The artist may request from the Auctioneer any information necessary to secure payment. Unless otherwise directed by the vendor, the Auctioneer will automatically deduct the amount due from the proceeds of sale and will hold in trust for the artist or their representative the said sum.

Important Information for potential purchaser Important Information for Purchasers: Thank you for browsing our catalogue. Please be aware of the following notices in relation to this sale before you register to bid. Imperfections are not stated in our lot descriptions. Buyers premium is 20.325% excl. VAT (Value Added Tax 23%). LiveAuctioneers bid premium is an additional 5%. Adam's outsource all shipping reqests. Estimates given by Adam's for shipping are given on an adhoc basis and are provided as a best estimate as to cost. As we do not have a shipping department, formal quotations will be made available by a recommended carrier upon purchase. Payment Collection: We do not have a paypal account, however we do accept all major credit cards subject to an administration charge as detailed in our conditions of sale. Our bank details are available upon request for those clients who wish to pay direct into our bank account. Purchased lots will not be released to ship until all proceeds due have been paid and cleared in advance. Condition Reports: Adam's are happy to provide condition reports when requested to do so. We try and reply within 24 hours of your request. Adams specialists are not trained conservators. Whilst we make certain observations on the work, which are intended to be as helpful as possible, we recommend that you consult a professional restorer for a comprehensive condition report. This report is given in accordance with our conditions of business as stated in the auction catalogue. The report is an expression of opinion only and must not be treated as a statement of fact.