These Terms and Conditions (hereinafter referred to as the"Terms") establish the procedures and conditions governing the operation of theAntiqon Open Auction(hereinafter referred to as the"Auction"), including the organization and conduct of public sales in the form of an auction, as well as the participation of individuals and legal entities in such sales and the acquisition ofLots.

These Terms shall enter into force and become binding upon any person participating in theAuctionor using the functionality of theWebsitewww.antiqon.com(hereinafter referred to as the"Website") from the moment of registration as aBidder.

Registration and/or participation in theAuctionconstitutes theBidder′sfull and unconditional acceptance of theseTerms, confirmation that they have read and understood their contents, and acknowledgment of their legally binding effect.

1.1. Auction- an open (public) auction conducted under the"Antiqon"brand, constituting a public sale of movable property - including works of art, antiques, and collectible objects - held in the auction hall at Brīvības iela 52-1B, Riga, and/or online via the official websitewww.antiqon.com, and/or via authorised partner online auction platforms.

1.2. Company- SIA "Antiqon", registration No. 40103941382, having its registered office at Brīvības iela 52-1B, Riga, LV-1010, Latvia, which organises and conducts open auctions, acting as the Seller′s agent. The Company may, in certain circumstances, offer for sale Lots that are its own property.

1.3. Website- the combination of software, technical infrastructure, and content operated by the Company for publishing information about Lots and conducting Auctions over the Internet atwww.antiqon.com, and providing Users with access to services including registration, a Personal Account, and participation in online Auctions.

1.4. Auction Sale (Bidding Process)- the competitive process of submitting price offers for Lots within the Auction, conducted within a defined time frame, whereby Bidders place Bids and a Lot is sold to the Bidder offering the highest price (theHammer Price).

1.5. Lot- a work of art, antique, or other movable property accepted for public sale at the Auction, not withdrawn from civil circulation and not restricted in trade under the laws of the Republic of Latvia.

1.6. Seller- a natural or legal person who is the lawful owner of the Lot and has entered into an agreement with the Company for its inclusion in the Auction. The Seller may monitor the progress and outcome of the Auction through their Personal Account or by written request to the Company.

1.7. Bidder (Participant)- a person registered and approved by the Company to take part in the Auction, acting either on their own behalf or on behalf of a legal entity, who has completed registration and verification onwww.antiqon.comor via official partner platforms.

1.8. Website User (User)- a legally competent individual using the Website to view Lots, obtain information, and/or participate in Auctions, having agreed to the User Agreement and these Terms.

1.9. Buyer- the Bidder whose Bid is recognised as the highest at the conclusion of the Auction and confirmed by the Company as theHammer Price.

1.10. Estimate- the indicative valuation of a Lot determined by the Company and published in the catalogue or on the Website for information purposes only.

1.11. Bid- an offer made by a Bidder to purchase a Lot at a specified price in euros during the Auction.

1.12. Starting Price- the price at which bidding for a particular Lot commences.

1.13. Reserve Price- the minimum price acceptable to the Seller at which the Lot may be sold. The Reserve Price is confidential and will not be disclosed to Bidders until reached during the Auction.

1.14. Current Bid- the most recent valid Bid placed by a Bidder at the relevant time.

1.15. Minimum Increment- the minimum permissible increase between two consecutive Bids.
Bidding increments are as follows:

€1–€99: €5;

€100–€199: €10;

€200–€299: €20;

€300–€399: €30;

€400–€499: €40;

€500–€999: €50;

€1,000–€1,999: €100;

€2,000–€2,999: €200;

€3,000–€3,999: €300;

€4,000–€4,999: €400;

€5,000–€9,999: €500;

€10,000–€19,999: €1,000;

€20,000–€29,999: €2,000;

€30,000–€39,999: €3,000;

€40,000–€49,999: €4,000;

€50,000–€99,999: €5,000;

€100,000 and above: €10,000.

1.16. Maximum Bid (Auto-Bid)- the highest amount a Bidder is willing to pay for a Lot. The system automatically increases the Bidder′s offer within that limit until the maximum amount is reached.

1.17. Hammer Price- the highest Bid recorded and acknowledged by the Company at the close of the Auction. The Hammer Price is confirmed by the auctioneer and displayed on the Lot page atwww.antiqon.com.

1.18. Personal Account- a dedicated section of the Website that provides the Bidder with access to information regarding their Bids, purchased Lots, payments, and deliveries.

1.19. Buyer′s Premium (Commission)- the fee payable to the Company for organising and conducting the Auction, calculated as a percentage of the Hammer Price and payable by the Buyer in addition to it.

2.1.TheseTermsgovern the organisation and conduct of auctions held under the "Antiqon" brand, including auctions conducted in the auction hall, by telephone, by written absentee bid, and online through the official Websitewww.antiqon.comand/or through partner online auction platforms with which the Company cooperates (including, without limitation, Drouot, BidSpirit, LiveAuctioneers, The Saleroom and similar services).

2.2.By using theWebsiteor any partner platform, registering as aBidder, placing aBid, or otherwise participating in theAuction, theUserconfirms that they have read, understood, and fully accepted theseTermswithout reservation, including the procedures governing participation, payment, transfer, and collection ofLots, as well as all related rights and obligations.

2.3.Registration, participation in theAuction, or use of any services provided by theCompanyor its partners constitutes theUser′svoluntary and informed acceptance of the legal validity of theseTermsand a waiver of any claim of ignorance, non-reading, or disagreement at a later date.

2.4.All current and future services of theWebsiteand partner platforms - including the online auction system,Personal Account, payment, delivery, and other auxiliary functions - are governed by theseTerms.
TheCompanyreserves the right to amend or supplement theseTermswithout prior notice toUsers, provided that such amendments do not affect transactions that have already been concluded.

2.5.When participating in theAuctionvia third-party auction platforms (including, but not limited to,Drouot,BidSpirit,LiveAuctioneers,The Saleroom, etc.), responsibility for the technical operation, availability, accuracy of bids, and functionality of the platforms lies with the respective operators.
TheCompanyshall not be held liable for any technical failures, delays, errors, incorrect bid placements, or data losses arising from the actions or omissions of third parties.

2.6.Information published on theWebsiteand partner platforms may be provided in multiple languages.
In the event of any discrepancy or inconsistency between language versions, the Latvian version of theseTermspublished on the officialWebsiteof theCompanyshall prevail.

2.7.Userswho violate theseTermsmay be suspended, blocked, or permanently excluded from participation in theAuctionwithout any compensation for losses, costs, or damages.
TheCompanyfurther reserves the right to annul the results of anyAuctionif a violation is discovered after its completion.

2.8.Legally significant communications may be sent byemailand/or via the User′sPersonal Account; any such communication shall be deemed delivered on the next Business Day following dispatch.

3.1.Registration as aBidderconstitutes full and unconditional acceptance of theseTerms, confirmation of having read and understood them, and acknowledgment of all rights and obligations arising from participation in theAntiqonauctions.
Registration serves as legal confirmation that theBidderhas familiarised themselves with the conditions of participation and agrees to comply with them in full.

3.2.Registration ofBiddersmay be carried out in the following ways:
– personally, in the auction hall, by completing a registration form and presenting a valid identity document;
– by submitting a written registration form to theCompanyin advance;
– online, via the official websitewww.antiqon.comor authorised partner auction platforms, following completion of the registration procedure and mandatory identity verification.

3.3.To complete registration, theBiddermust provide accurate and up-to-date information, including full name, e-mail address, residential address, contact telephone number, a copy of an identity document, and a document confirming proof of residence (for example, a utility bill).
TheCompanyreserves the right to request additional documents to verify theBidder′sidentity, residency status, or source of funds in accordance with the laws of the Republic of Latvia.

3.4.Upon successful completion of registration and, where applicable, payment of a deposit or guarantee fee, theBidderis assigned a unique registration numberto be used for identification during theAuction.

3.5.Registration using another person′s details, as well as the transfer of registration numbers, login credentials, or passwords to any third party, is strictly prohibited.
TheBidderbears full responsibility for all actions taken under their account, whether carried out personally or by any third party.

3.6.EachUseris entitled to register only one account.
The creation of multiple accounts by the same person, the use of false, fictitious, or misleading information, or registration under another person′s identity constitutes a breach of theseTermsand may result in immediate suspension or permanent blocking without prior notice.

3.7.TheBidderis responsible for maintaining the confidentiality and security of their registration details (login, password, and access code).
TheCompanyshall not be held liable for any loss or damage resulting from unauthorised use of the account by third parties, unless theBidderhas promptly notified theCompanyof a security breach.

3.8.TheBiddermust promptly inform theCompanyof any changes to their registration data, including contact details and residential address.
All notifications shall be made via email or other official communication channels indicated at the time of registration.

3.9.TheCompanymay at any time request additional documentation from theBidderto verify identity, residence, source of funds, and the lawfulness of participation in theAuction, in accordance with the laws of the Republic of Latvia and applicable anti-money-laundering and know-your-customer (AML/KYC) regulations.

3.10.TheCompanyreserves the right to refuse, suspend, cancel, or restrict registration or participation of anyBidderat its sole discretion, without obligation to provide reasons, where there are reasonable doubts as to the authenticity of the information provided, the lawful origin of funds, theBidder′sintentions, or in cases of breach of sanctions or AML legislation.

4.1.By registering, placing aBid, paying an invoice and/or aLot, theBidder(theBuyer) represents and warrants that all information and documents provided to theCompanyare accurate, complete, and up to date, and do not contain any false or misleading statements.
Such representations remain valid from the moment of registration or bidding until the actual transfer of theLot.
TheBidderundertakes to promptly notify theCompanyof any changes to the information provided, including change of address, residency status, beneficial ownership, or sanctions status.

4.2.TheBidderwarrants that all funds used to participate in theAuctionand to pay forLotsare of lawful origin and are not connected to any criminal activity, tax evasion, money laundering, or terrorist financing.
TheBidderfurther confirms that they are not currently under investigation, prosecution, or conviction for any such offences.

4.3.By paying an invoice and/or purchasing aLot, theBuyerconfirms that they are not subject to any international or national sanctions, are not owned or controlled by, and do not act on behalf of, any sanctioned person or entity.
TheBuyerundertakes to comply with the sanctions regimes of theEuropean Union, theUnited Nations, theUnited States (OFAC), theUnited Kingdom, and theRepublic of Latvia.
TheBuyerfurther confirms that the acquiredLotshall not be used, transferred, exported, or delivered to theRussian Federationor theRepublic of Belarus, nor to any person or entity subject to sanctions, and shall not be used to circumvent any applicable restrictions.

4.4.TheBidderconfirms that they are acting in their own interest and as the ultimate beneficial owner (UBO).
If acting as an agent or intermediary, theBidderguarantees full disclosure to theCompanyof the principal′s and UBO′s identities and compliance with theseTerms.
TheCompanyreserves the right to refuse participation or withhold delivery of aLotpending completion of due diligence.

4.5.TheBidderconfirms that they are not a politically exposed person (PEP), a family member of aPEP, or a person known to be closely associated with aPEP.
If otherwise, theBiddermust notify theCompanyin writing prior to participation in theAuctionand provide additional information, including details of thesource of fundsandsource of wealth, upon request.

4.6.TheCompanymay request from theBidderany documents or information necessary to verify their identity, tax and residency status, source of funds, or the intended use of theLot.
TheBidderconsents to such verification procedures, including the processing of personal data and checks against national and international sanctions, compliance, and credit databases.
Where required, theCompanymay ask theBidderto complete aKnow Your Customer (KYC)form and to provide any further information or documentation necessary under thePrevention of Money Laundering and Terrorism Financing Act (NILLTFNL)or if theCompanyhas grounds to consider a transaction unusual, complex, or subject to enhanced due diligence.

4.7.Payment for aLotmay be made only from an account held in the name of the registeredBidder.
Payments from third parties, as well as cash payments exceeding statutory limits or made using anonymous payment instruments, shall not be accepted without the prior written consent of theCompany.
TheCompanyreserves the right to return such payments to the sender and to withhold delivery of theLotpending clarification of the circumstances.

4.8.Where theCompanyhas reasonable doubts as to the accuracy of information provided, the lawful origin of funds, the sanctions status of theBidder, or the intended use of theLot, theCompanymay:
– refuse registration or participation in theAuction;
– suspend or annul participation or auction results;
– retain or withhold delivery of theLotpending completion of checks;
– report the transaction to the competent authorities.
Any suspension or delay in the release of aLotunder this clause shall not constitute a breach of theCompany′sobligations.

4.9.TheBidderundertakes to cooperate fully with theCompanyand competent authorities, to provide requested data and documents, and to take all reasonable steps required to demonstrate compliance with sanctions, customs, export control, and AML legislation, including, where necessary, the provision ofend-useorend-userdeclarations.

4.10.TheBidderbears full responsibility for any consequences of non-compliance with this Section and shall indemnify theCompanyin full against any losses, penalties, fines, storage, transportation, legal or administrative expenses, or any other costs incurred as a result of providing false information, breaching sanctions or AML requirements, or refusing to cooperate.

4.11.TheBuyeragrees not to initiate any chargeback or reversal of payment made in execution of theseTerms; in the event of such a chargeback, theBuyerremains fully liable to settle the outstanding balance and all associated costs without delay.

4.12.The warranties and representations of theBidderunder this Section shall survive the completion of theAuction, payment, and transfer of theLot, for the duration permitted by law for compliance verification and legal liability.

4.13.Any breach by theBidderof the provisions of this Section shall constitute a material breach of theseTermsand entitles theCompanyto exercise the remedies provided herein, including refusal of participation, annulment of the transaction, retention of theLot, and notification of the competent authorities.

5.1.EachLotoffered for sale at theAuctionis published by theCompanyon the official websitewww.antiqon.comand/or in the printed auction catalogue.
Lotsmay be offered either on behalf ofSellersor, where applicable, by theCompanyitself when theLotis owned by theCompany.
EachLotis accompanied by a description, image, estimate, and starting price.
TheCompanymay also publishLotson partner online auction platforms (including, but not limited to,Drouot,BidSpirit,LiveAuctioneers,The Saleroom, and others).
In all such cases, participation and settlement shall remain governed by theseTerms, irrespective of the platform used.

5.2.OnlyBidderswho have been duly registered and approved by theCompany, and who have completed identity verification in accordance with the laws of the Republic of Latvia, including theLaw on the Prevention of Money Laundering and Terrorism and Proliferation Financing (NILLTFNL), are entitled to participate in theAuction.

5.3.TheCompanyreserves the right to refuse admission, restrict participation, or cancel the registration of any person at its sole discretion and without obligation to provide reasons, if such participation would contravene applicable law, sanctions regulations, internal compliance policies, or could otherwise harm the reputation or legitimate interests of theCompany.

5.4.Bidsare accepted in the auction hall, by telephone, by written absentee bid submitted no later than twelve (12) hours before the start of theAuction, and online - via theCompany′sofficial website or authorised partner platforms.

5.5.Each subsequentBidmust exceed the previous one by not less than the minimum increment established by theCompanyfor the relevant price range.

5.6.Biddersmay placeBidsmanually or through the automatic bidding system ("Maximum Bid"), under which theCompany′ssystem automatically increases theBidder′soffer up to the pre-set limit.
The winningBidmay be lower than the maximum amount specified by theBidder.

5.7.AllBids, including automaticBids, are binding and irrevocable. Once placed, aBidcannot be altered, withdrawn, or cancelled.

5.8.In the event of identicalBids, priority shall be given to theBidfirst registered in theCompany′selectronic system.

5.9.TheCompanyaccepts telephone and written absentee bids in the order in which they are received but shall not be held liable for any delay, non-receipt, incomplete or incorrect execution of such bids, nor for any technical malfunctions, communication failures, or disruptions caused by third-party services or equipment.

5.10.CurrentBidsare displayed on theLotpage in real time.
TheCompanyreserves the right to limit or temporarily suspend bid display on the website in the event of technical issues, suspected manipulations, or any other circumstances affecting the integrity of theAuction.

5.11.EachLotis offered for a specific time period determined by theCompany.
Bidding on theLotcloses upon expiry of that period.

5.12.The winningBidderis theParticipantwho places the highest validBidnot lower than the established reserve price.

5.13.If the reserve price is not met, theLotshall be deemed unsold.
TheCompanymay, at its discretion, engage in negotiations withBiddersor third parties regarding a possible sale of theLotafter theAuction("post-auction sale").

5.14.TheCompanyreserves the right, at any time prior to or during theAuction, to withdraw anyLot, amend its description, estimate, or starting price, where there are doubts regarding authenticity, provenance, ownership, or the accuracy of information.
Biddersshall have no right to claim damages, compensation, or reimbursement of any expenses arising from such decisions.

5.15.TheCompany, at its sole discretion, may:
– reject anyBidwithout providing reasons;
– determine or modify the minimum increment;
– declare any disputed or erroneousBidinvalid;
– reopen bidding on aLotto ensure a fair outcome.

5.16.ALotis deemed sold at the price of the final winningBid("Hammer Price").

5.17.Information about successful purchases shall be made available in theBidder′s Personal Accountand/or sent to their registered e-mail address.

5.18.TheBidderbears full responsibility for any errors made when placingBids, including incorrect entry of the amount,Lotnumber, or other data entry mistakes not attributable to theCompany.

5.19.AllAuctionsare electronically recorded by theCompany′ssystem.
Server logs, including IP addresses, time stamps, and digital transaction records, constitute official proof of the conduct and results of theAuctionand shall prevail over any other source of information.

5.20.In the event of technical failures, power outages, loss of communication, or other circumstances preventing the proper completion of theAuction, theCompanyreserves the right to extend, suspend, or cancel bidding for the affectedLotand to relaunch it once the cause has been remedied.
TheCompanyshall not be liable for any loss, loss of profit, or indirect damages incurred byBiddersas a result of such circumstances.

6.1.TheBuyermust pay the full amount due for theLotwithin seven (7) calendar days of the date on which theCompanyissues the invoice, unless otherwise agreed in writing.

6.2.Amounts payable. The total amount due comprises:

• the price achieved at auction (theHammer Price);
• theBuyer′s Premiumpayable to theCompanyat25% of the Hammer Price;
• anyArtist′s Resale Right (droit de suite)royalty, where applicable;
• any additional charges (including banking, payment processing and administrative charges);
• any commission charged by a partner auction platform (e.g., Drouot, BidSpirit, LiveAuctioneers, The Saleroom, etc.) where the Lot was purchased via such platform, in accordance with that platform′s terms, which shall be added to the invoice total.

6.3.Permitted methods of payment:

• bank transfer to theCompany′saccount;
• payment by bank card (via the Personal Account or in-office);
• cash, within the limits permitted by the laws of the Republic of Latvia (currently up toEUR 7,200);
• PayPal (where technically available).

6.4.Payments will be accepted only from the registeredBidderin whose name theLotwas purchased. Third-party payments require theCompany′sprior written consent.

6.5.Passing of title and risk.Title to theLotpasses to theBuyeronly when theCompanyhas received thefull amount dueunder Clause 6.2 in cleared funds. From that moment, all risks of loss, damage or deterioration (including risks arising in storage or transit) pass to theBuyer. Until full payment is received, theLotremains the property of theSeller.

6.6.Late payment.In the event of late payment, theCompanymay (but is not obliged to) charge default interest at0.1% of the invoice total per calendar dayof delay, commencing on the 8th day after the invoice date,capped at 10%of the outstanding amount.

6.7.Non-payment after 14 days.If theBuyerfails to pay within fourteen (14) calendar days of the invoice date, theCompanymay:

• cancel the sale;
• reoffer theLotfor sale;
• forfeit any guarantee/deposit as liquidated damages; and
• record theBuyeron an internal list of defaulting bidders and refuse future participation.

6.8.Any guarantee (deposit) isnon-refundablein the event of non-payment within the prescribed time.

6.9.Pament processing surcharge.For certain payment instruments (including PayPal, international credit cards and other third-party payment systems) the Company may charge aseparate administration feeto cover third-party payment processing costs. The amount of such fee depends on the chosen payment method and is disclosed to the Buyer prior to payment. This fee does not form part of theLot priceand is charged solely to recover processing costs.

6.10.A payment is deemed made only uponactual receipt in fullby theCompany. All bank charges, currency-conversion costs, international payment fees and any shortfalls caused by intermediary or acquiring institutions are for theBuyer′saccount. In case of partial receipt, theBuyermust remit the shortfall without delay.

6.11.Tax treatment (Margin Scheme).Sales are conducted under the EU VATMargin Schemefor works of art, antiques and collectors′ items (Directive 2006/112/EC). VAT is included in the margin and isneither itemised nor recoverable. No VAT refund is available.

6.12.Release and delivery.TheCompanydoesnotprovide delivery services and accepts no responsibility for packing, transport or delivery of purchasedLots. TheBuyermust arrange collection, packing and delivery at their own cost. Upon request and subject to availability, theCompanymay assist in suggesting carriers and arranging packing, insurance or export formalities on a chargeable, non-guaranteed basis; no warranty is given as to timing or outcome.

6.13.Export and certificates.Where required, theCompanymay assist (on request and at theBuyer′sexpense) with obtaining export permits for works of art and antiques from Latvia and/orCITEScertificates. All official fees and related costs are payable by theBuyer.

6.14.Storage and paid warehouse.TheBuyermust collect the paidLotwithin fourteen (14) calendar days of the invoice date. After this period, theCompanymay transfer theLottopaid storage(external warehouse or specialised facility). Transport and storage costs (at warehouse tariffs) are payable by theBuyer. Release from storage will take place only after settlement of all additional charges.

7.1.TheBuyermust collect the fully paidLot(self-collection) within fourteen (14) calendar days from the date of invoice, unless otherwise agreed in writing with theCompany.
Collection shall take place at the following address:Brīvības iela 52, Riga, LV-1011, Latvia.

7.2.TheCompanydoesnotprovide delivery services and isnota party to any contract of carriage or insurance.
Once theLothas been handed over to theBuyer′srepresentative, carrier, or any third party acting on theBuyer′sbehalf,all risksof loss, damage, delay, or deterioration shall pass to theBuyer.

7.3.Upon theBuyer′srequest, theCompanymay, at its discretion and subject to availability, assist in arranging transportation, courier services, packing, insurance, or the preparation of documents required for shipment or export.
Such assistance is providedon a best-efforts basis,for a separate fee, andwithout any guaranteeas to timing, cost, or successful completion of delivery.

7.4.All costs related to packing, storage, transportation, insurance, export formalities, and any other ancillary services are borne exclusively by theBuyerand arenot includedin theHammer Priceor theBuyer′s Premium.

7.5.In the case of export outside the Republic of Latvia, theBuyeris solely responsible for obtaining all necessary export licences, permits, certificates, and other documentation, and for compliance with all customs, import, and cultural-heritage laws of the destination country.
TheCompanymay, where required and feasible, assist with export documentation andCITEScertification; however, all associated costs shall be borne by theBuyer.

7.6.TheLotshall be released to theBuyer(or an authorised representative) only after: – confirmation of full payment in cleared funds;
– completion of all requiredAML/KYCand export compliance checks (where applicable); and
– settlement of any additional costs, including storage, packing, or delivery charges.

7.7.The transfer of theLotis recorded in theCompany′sinternal system.
In the case of collection in person, the handover may be confirmed by theBuyer′sor authorised representative′s signature on transport or warehouse documentation.

7.8.TheBuyerassumes full responsibility for any restrictions under the cultural-heritage laws of third countries and for potential restitution or ownership claims.
TheCompanyreserves the right to withhold theLotin the event of a lawful request from competent authorities.

8.1.TheCompanyorganises and conducts theAuction, provides its technical, organisational and informational support, and facilitates interactions betweenSellersandBuyersin accordance with theseTerms. The Company acts in good faith and within its authority but shall not be liable for any loss suffered by aBuyerarising from participation in theAuctionor the purchase of aLot, including, without limitation, loss of profit, loss of opportunity, loss of reputation or other indirect or consequential losses, save where mandatory law expressly provides otherwise.

8.2.The Company′s warranty is strictly limited to ensuring that theBuyerreceives the veryLotwon at theAuction, provided the Lot has been fully and timely paid for. The Company gives no other warranties as to the condition, authenticity, provenance, attribution, dating, authorship or any other characteristics of the Lot.

8.3.AllLotsare offered and sold"as is", having regard to age, wear, prior restorations, repairs and other changes. Neither theCompany, theSellernor any engaged experts give warranties or accept liability as to condition, authenticity, provenance, attribution, dating, authorship, material, completeness, preservation or functionality of any Lot.

8.4.Photographs, videos and 3D images ofLotsdisplayed on theWebsiteor in printed catalogues are illustrative only and may not fully reproduce the actual colour, texture, scale or condition of the item. The absence of any reference to defects, restorations or alterations does not imply their absence.

8.5.It is theBuyer′sresponsibility to examine theLotprior to bidding-either in person at the pre-auction viewing or remotely by requesting from theCompanyadditional images, videos, aCondition Report, or other information. The Company facilitates such inspection upon prior request and permits examination by independent experts. By placing aBid, theBidderconfirms they have satisfied themselves as to the Lot′s condition and accept all risks associated with its purchase.

8.6.Following the close of theAuctionand the recording of the sale, theCompanywill not accept claims relating to: – the condition, preservation or quality of theLot;
– subsequent changes in expert opinion, attribution or valuation;
– re-assessment of authenticity, provenance or authorship;
– any mismatch with theBuyer′ssubjective expectations.

8.7.All descriptions, comments, estimates and expert opinions published by theCompany(in catalogues, on theWebsiteor elsewhere) represent professional opinion at the time of publication only and do not constitute a warranty, representation or statement of fact. The Company accepts no liability for errors, misprints, inaccuracies or discrepancies in such descriptions.

8.8.TheCompanyshall not be liable for technical failures, interruptions of theWebsite, server, Internet or user equipment, nor for any inability to participate in theAuctiondue to reasons beyond the Company′s control. The Company does not warrant uninterrupted availability of the Website or the fault-free operation of the online auction.

8.9.TheAuctionis conducted as anopen (public) auctionwithin the meaning of Latvian law and in accordance withArticle 16(k) of Directive 2011/83/EU of the European Parliament and of the Council(theConsumer Rights Directive), which expressly excludes the consumer′s right of withdrawal for contracts concluded at public auctions.
In line with the foregoing andparagraph 22.11 of Cabinet of Ministers Regulation No. 255 of 20 May 2014(Regulations on Distance Contracts), the14-day withdrawal rightapplicable to distance sales shallnot applyto transactions concluded in thisAuction.
Accordingly, once theAuctionhas closed and payment has been confirmed, theBuyershall haveno right to cancelthe transaction,return the Lot, orclaim a refund, regardless of the mode of participation (in-room, online, or by telephone).

8.10.TheCompanymay suspend, annul or cancel theAuctionin respect of anyLotwhere doubts arise regarding authenticity, provenance or lawful title, or where there are suspicions of breaches of law, sanctions rules or theseTerms.

8.11.In the event of technical failures, theAuctionmay be temporarily suspended and resumed after the cause is remedied. AllBidspreviously recorded shall remain valid unless theCompanystates otherwise.

8.12.TheCompanyoperates in strict compliance with the laws of the Republic of Latvia, the European Union and applicable internationalAML/KYCand sanctions regulations. The Company may suspend, annul or defer release of aLotuntil all required checks are completed.

8.13.Where there is a lawful basis, theCompanymay report to competent authorities (including the Financial Intelligence Unit -FID) and may withhold theLotpending confirmation of lawful source of funds and compliance with export-control procedures.

8.14.TheCompany′sliability to anyBidder,Buyeror third party - including if a transaction is later declared invalid - is limited to the amount of theCompany′s Buyer′s Premiumfor the relevantLot. The Company shall not be liable for indirect, moral, reputational or other non-pecuniary losses arising from participation in theAuctionor performance of theseTerms.

8.15.ny claim against theCompanymust be notified withinsix (6) monthsfrom the date of the transaction; thereafter no claim will be accepted.

8.16.All rights in Lot images, catalogue texts andWebsitematerials are owned by theCompanyand/or the relevant rightsholders. Any reproduction without prior written consent is prohibited. TheBuyeragrees that the Company may use images and information relating to theLotfor catalogue, archival and marketing purposes.

9.1.TheCompanymanages the ongoing operation of theWebsite, determining its structure, layout, content, and functional capabilities.
TheCompanyreserves the right to modify the design, interface, features, and user access conditions at any time, without prior notice toUsersorBidders.

9.2.TheCompanymay, at its sole discretion, temporarily or permanently restrict, suspend, or terminate access to theWebsite, specific sections, or functionality for allUsersor for an individualBidder, without prior notice and without liability for any resulting losses.

9.3.TheCompanymay block or delete aUser′sorBidder′saccount in cases of violation of theseTerms, applicable laws, or sanctions, tax, orAMLregulations.
Deletion of an account results in the removal of all associated data and permanent loss of access to theWebsite′sfunctionality.

9.4.TheCompanymay issue toBiddersnotifications, warnings, or directives regarding breaches of theseTerms, which shall be binding upon receipt.

9.5.TheCompanyshall provide adequate technical and informational support toUsersandBidderswithin a reasonable period necessary to ensure proper access to and functioning of theWebsite.

9.6.TheCompanymay, at any time, conduct security and identification checks ofBidders, including verification of identity, age, residence, tax and residency status, source of funds, and other registration data.

9.7.TheBiddergrants theCompanythe right to use and disclose submitted documents and data to third parties - including banks, payment providers, auditors, and competent public authorities - where necessary for verification, due diligence, or compliance with the laws of the Republic of Latvia, the European Union, and applicable international obligations.

9.8.Failure to provide the requested information or discovery of inconsistencies entitles theCompanyto block or delete theBidder′saccount, cancelBidsand auction results, suspend release or delivery of theLot, and, where appropriate, notify competent authorities, including theFinancial Intelligence Unit (FID).

9.9.UsersandBiddersconsent to the storage and processing of their personal data provided during registration, including name, surname, residential address, e-mail, telephone number, and identity document details.

9.10.The processing of personal data is carried out by theCompanyin accordance with the laws of the Republic of Latvia, theEU General Data Protection Regulation (GDPR), and thePrivacy Policypublished onwww.antiqon.com.
TheCompanyprocesses personal data solely for the purposes of ensuring access to and proper functioning of theWebsite, improving services, and complying with legal requirements.
Access to personal data is granted only to authorised employees and contractors of theCompany, to the extent necessary for performance of their duties.
Disclosure of personal data to third parties is permitted only where expressly required by law or upon lawful request of competent authorities.
TheCompanyundertakes all reasonable and technically justified measures to protect personal data from unauthorised access, alteration, disclosure, or destruction.

9.11.TheCompanymay use data provided by theUserfor the following purposes: – performance of theseTermsand maintenance of theWebsite′sfunctionality;
– fulfilment of obligations towardsSellersandBuyers;
– compliance with applicable legislation, including sanctions andAMLrequirements;
– providing information to competent authorities upon lawful request.

9.12.TheCompanymay send notifications and messages to theUserusing the contact details provided, including information regarding auctions, events, functional updates, and promotional or informational materials related to the Company′s activities.

9.13.TheCompanyreserves the right to make audio and video recordings of theAuctionprocess for the purposes of transparency, security, and dispute resolution. Participation in theAuctionconstitutes theBidder′sconsent to such recording.

9.14.TheCompanyundertakes to maintain the confidentiality of personal and commercial information ofBidders, except where disclosure is required by law or necessary to comply withAML,KYC, sanctions, or tax regulations.

9.15.TheUseragrees that theCompanymay collect, store, and analyse technical and statistical data relating to use of theWebsite, including IP address, device type, operating system, browser, geolocation, and internet service provider data.
Such data are processed in anonymised form and used solely to ensure the operation and security of theWebsite, to improve service quality, to conduct analytics, and to comply with legal obligations.
TheCompanymay also use aggregated statistical information for internal analytical and reporting purposes.

10.1.EveryBiddershall actin good faith,independently, andpersonally, adhering to the principles of fair competition and refraining from any conduct that may distort the course of theAuction, mislead otherBidders, or artificially influence demand.

10.2.The use ofautomated systems,scripts,software,technical devices, or any other means capable of affecting thespeed of bidding,operation of the Website, oraccuracy of bid registrationis strictly prohibited.

10.3.Any form ofmanipulationin the course of theAuction- includingshill bidding,bid rigging,collusive participation, the use ofnomineesorproxy bidders, or any attempt to interfere with or compromise theCompany′s software, servers, or infrastructure- is expressly forbidden.

10.4.TheCompanyreserves the right, at itssole discretion, to suspend, cancel, or declarenull and voidthe results of anyAuctionorLotif there are reasonable grounds to believe thatdishonest,manipulative, orunlawfulactions have occurred during participation.

10.5.Upon identifying a violation, theCompanymay block or delete theBidder′saccount, cancel all relatedBids, suspend participation in current or futureAuctions, and report the incident to competent authorities, includinglaw enforcementorfinancial intelligenceagencies.

10.6.Any breach of thisSectionconstitutes amaterial violationof theseTermsand may result in the application of disciplinary measures, includingaccount suspension,cancellation of Auction results, andpermanent exclusionfrom future participation.

11.1.Lots fully paid for by the Buyer shall be deemed uncollected if not collectedwithin thirty (30) calendar daysfrom the date of the Auction.

11.2.The Company shall be entitled, without further notice, to transfer any uncollected Lots to paid storage (paid warehouse) at the applicable rates of its logistics and storage partners.

11.3.All expenses relating to storage, transport, insurance, and subsequent release of theLotmust be fully settled by theBuyerprior to collection.

11.4.A paidLotcannot be returned, cancelled, or exchanged.
TheBuyerhas no right to withdraw from the purchase once theAuctionhas concluded and payment has been confirmed.
Refunds of sums paid are not permitted, in accordance with the established rules of auction practice and the prevailing international standards governing the trade in works of art and antiques.

11.5.If theBuyerfails to collect theLotwithinthree (3) yearsfrom the date of theAuctionand has not paid the accrued storage fees, theLotshall be deemedabandoned propertywithin the meaning ofSection 2140 of the Civil Law of the Republic of Latvia.
Ownership of suchLotshall pass to theCompany, which shall have the right to:
– resell theLotat a future auction;
– record theLotas an asset and recognise its value as income of theCompany; or
– dispose of theLotif it has lost its commercial or collectible value.

11.6.Should theBuyercontact theCompanyprior to the expiry of the three-year period, theCompanyshall release theLotonce all accumulated charges for storage, transportation, and insurance have been paid in full.
TheCompanyretains alienover theLotand may withhold release until full payment of all due expenses and storage fees.

11.7.Upon resale of theLot, the originalBuyerirrevocably loses all rights to thatLotand shall have no claim to its delivery or to any refund of previously paid amounts.

11.8.TheCompanyaccepts no liability for any change in theLot′smarket value, nor for potential defects, damages, loss of packaging, or accompanying documentation occurring during storage or transport to the paid warehouse facility.

11.9.This procedure applies to allLotsthat have been paid for but not collected by theBuyerwithin the prescribed time limits, irrespective of the reasons for the delay in collection.

12.1.ThePartiesshall be released from liability for the total or partial non-performance of their obligations under theseTermsif such non-performance results fromforce majeure circumstances, being events beyond their reasonable control which could not have been foreseen, avoided, or overcome by the exercise of due diligence.

12.2.For the purposes of thisSection,force majeureshall include, but not be limited to: acts of war, mobilisation, blockade, epidemics or pandemics, terrorist acts, natural disasters (including fire, flood, earthquake, or similar events), strikes or labour disputes, acts or decisions of governmental or regulatory authorities, embargoes, international sanctions, and any disruption to transport, energy, or telecommunications infrastructure, as well as other extraordinary events beyond the control of theParties.

12.3.APartyaffected by force majeure shall, without undue delay, notify the otherPartyin writing (including by electronic means), specifying the nature, expected duration, and foreseeable consequences of such circumstances.

12.4.Should the force majeure event continue for a period exceedingthree (3) months, eitherPartyshall be entitled to terminate the performance of its obligations by providing written notice to the otherParty.

12.5.The occurrence of force majeure shall not relieve aBidderorBuyerfrom the fulfilment of obligations that had already fallen due prior to the commencement of such circumstances.

13.1.TheCompany,Sellers, andBiddersshall maintain strict confidentiality with respect to all information obtained in the course of organising and conducting theAuction, including but not limited to information concerning clients,Lots, prices, and transaction values, except where disclosure is required by law or pursuant to a lawful request from a competent authority.

13.2.Allpersonal datacollected by theCompanyin connection with the implementation of theseTermsshall be processed in accordance with the applicable data protection laws and theCompany′s Privacy Policy.

13.3.TheCompanyshall ensure the security and integrity of all personal data, and shall take appropriate measures to prevent unauthorised access, copying, alteration, or disclosure of such information to third parties, except in cases prescribed by law or necessary for compliance withAML,KYC, orsanctions regulations.

13.4.The obligation to maintain confidentiality shall survive indefinitely, including following the termination of a person′s participation in theAuction.

13.5.TheCompanyguarantees full confidentiality of the identity of allAuction participantsandsuccessful Buyers.
Names, contact details, country of residence, and any other personal information of participants shallnever be published or disclosedto third parties, except where expressly required by law.
OfficialAuction resultsmay include onlyLot numbers,final prices, andaggregate statistical data, which do not allow the identification of any individualBuyerorBidder.

14.1.AllBiddersconfirm their full legal capacity and competence, as well as their right to take part in theAuctionand to conclude transactions in accordance with the laws of their respective jurisdictions.

14.2.TheCompanyacts as the organiser and operator of theAuction, providing technical, organisational and informational support for its conduct, and may act as theSellerwith respect toLotsowned by theCompany.

14.3.TheCompanyhas the right to refuse or suspend execution of a transaction or delivery of aLotif such execution may result in a breach of sanctions legislation or anti-money-laundering requirements.

14.4.TheCompanyreserves the right to amend or supplement theseTermsat any time without prior notice toUsers, provided that such amendments do not affect the conditions of transactions already completed. The current version of theTermsshall be published on the official websitewww.antiqon.comand shall take effect from the date of publication.

14.5.All disputes, disagreements or claims arising out of or in connection with theseTermsshall first be settled through amicable negotiations. If a settlement cannot be reached, the dispute shall be submitted to the competent courts of theRepublic of Latviain accordance with the applicable legislation.

14.6.TheseTermsare drawn up inLatvian,RussianandEnglishlanguages. All versions have equal legal force; however, in the event of any discrepancy, theLatvianversion published on the official websitewww.antiqon.comshall prevail.

14.7.If any claims or demands are brought against theCompanyarising from the acts or omissions of aBidder, suchBiddershall indemnify theCompanyin full for all losses incurred, including legal costs, fees, fines and expenses related to legal defence.

14.8.All matters not expressly regulated by theseTermsshall be governed by the provisions of theCivil Law of the Republic of Latviaand other applicable legal acts. In the event of a conflict between national and international law, the legislation of theRepublic of Latviashall prevail.

14.9.TheseTermsenter into force upon their publication on the official websitewww.antiqon.comand are binding upon allAuctionparticipants.