All intermediaries, agents, representatives, facilitators and legal counsels ("Agents") must have established relationships with the owner(s), able to provide evidence / authorization of such, and must secure their positions with their principals.
We protect all the third parties but will not execute any NDA / NCNDA / IMFPA / fee agreement prior to execution of a sales and purchase agreement.
Upon the satisfactory verification of authenticity of the artwork and receipt of an appraisal issued by a credible institution acceptable to us, we will instruct our financial institution to issue a proof of financial capability in the form of a Bank Comfort Letter ("BCL") in the amount equal to the appraised value of the artwork. We will submit BCL directly to the principal owners of the artwork and/or their banks.
NOTE: Above requirements are not subject to negotiation.
PROFILE AND OWNERSHIP
Full contact information of the owner(s) including physical location, landline, mobile number, email address, and a color-scanned copy of passport
Proof of ownership of the artwork
Complete provenance, certificates, authentications and appraisals issued by credible institutions acceptable to us.
Export permit, if required.
Upon completion of our initial due diligence, we might require additional supporting documents / evidence.
We might require a refundable good-faith retainer to cover the expenses of recertification process, if it becomes necessary. We will not finance the recertification process.
We at all times reserve the right to reject the profile / artworks / all documentations, to terminate discussions with any or all parties involved, and to reject any or all offers (on whatever terms) at any time and without ascribing any reason for the same.
We will not execute any agreements with Agents and/or any other third parties.
We have zero tolerance for misrepresentations and fabrications.
Upon satisfactory completion of our required due diligence, we will proceed directly with the principal owner(s) of the artwork to the phases of re-inspection, authentication and recertifications, if necessary.