The Riyadh Car Show 2021 Auction By Seven Concours 25th November 2021

The Riyadh Car Show Auction 2021 104 is for any potential bidder to satisfy themselves as to each and every aspect of a Lot, including its originality, authorship, condition, provenance, history, background, authenticity, style, period, age, suitability, quality, roadworthiness (if relevant), origin, value and estimated selling price (including the Hammer Price). No description of a lot carries with it an implication that it is fit for any particular purpose. 5.4 Each Lot is sold by its respective Seller to the Buyer. Lots are sold to the Buyer on an “as is” basis, with all faults and imperfections without any liability on SAUDI OASIS COMPANY to the buyer. 5.5 The actual condition of a Lot may not be as good as its outward appearance suggests. In particular parts may have been replaced or renewed and those parts may not be original or of ‘Satisfactory Quality’. The inside of a lot may not be visible where, for example, it is covered by upholstery or material, and may not be original or may be damaged, have been damaged or poorly repaired. Given the age of some Lots, no assumption should be made with regard to any aspect of their condition. 5.6 Any person who physically interferes with, scratches or damages the Lot in any way (at, before or after the Auction) will be held liable for the loss so caused. 5.7 The Seller is responsible for delivering the Lot in a presentable and saleable condition. If additional cleaning is required, it will be charged for by SAUDI OASIS COMPANY to the Seller as an Expense. 5.8 If a Lot is not sold at Auction SAUDI OASIS COMPANY will for the next 14 days be entitled exclusively to negotiate a sale of the Lot on terms agreed with the Seller and as Seller’s agent, and if successful will be entitled to charge on the Seller’s Commission and Expenses. 5.9 The Seller gives SAUDI OASIS COMPANY the full and absolute right to photograph and illustrate any Lot consigned for sale, and to use such photographs and illustrations as are provided by the Seller at any time at its absolute discretion (whether or not in connection with the Auction), with indemnity to SAUDI OASIS COMPANY against copyright infringement. 5.10 The copyright in all written matter and illustrations relating to Lots shall remain at all times the absolute property of SAUDI OASIS COMPANY, and any person wishing to use such materials, or any part of them, may only do so with the prior written consent of SAUDI OASIS COMPANY. 6. Alterations and Estimates 6.1 Estimates and descriptions may be amended at SAUDI OASIS COMPANY discretion from time to time by notice given orally or in writing before or during an Auction. 6.2 The Lot is available for inspection and any potential bidders must form their own opinion in relation to it. They are strongly advised to examine any Lot or have it examined by a specialist or engineer on their behalf before the Auction. 6.3 SAUDI OASIS COMPANY gives no warranty or representation as to the anticipated or likely selling price of any Lot. Any estimate given, whether written or oral and whether or not printed in any Catalogue, as to the estimated selling price of any Lot is a statement of opinion only and may be subject to revision from time to time at SAUDI OASIS COMPANY’s sole discretion and should not be relied upon as an indication of the actual selling price. 6.4 SAUDI OASIS COMPANY shall not be liable to the Seller for any error or misstatement in or omission from the description of any lot in any Catalogue where SAUDI OASIS COMPANY has: 6.4.1 been provided with such description by the Seller or any person on his behalf; or 6.4.2 provided the Seller with a copy of such description prior to publication of the Catalogue and neither the Seller nor any person on his behalf has notified SAUDI OASIS COMPANY in writing within a reasonable time before the Auction of any error or misstatement in or omission from the description. 6.5 SAUDI OASIS COMPANY has no duty to the Seller or the Buyer to investigate the accuracy of the description of any Lot provided by or on behalf of the Seller. 7 . Warranty by the Seller 7.1 The Seller warrants to the Buyer and to SAUDI OASIS COMPANY that: 7.1.1 The Seller is the owner of the Lot or is properly authorised to sell the Lot by the owner, and is able to sell the Lot with full title guarantee free from all encumbrances and third party claims and in particular that there is no outstanding finance affecting the Lot or any taxes due or any other legal barrier. If the car is subject to finance the amount outstanding must be confirmed prior to consignment and sale. 7.1.2 The description of the Lot in the Catalogue is to the best of the Seller’s knowledge accurate and not misleading. The Seller has notified (or will before the Auction notify) SAUDI OASIS COMPANY in writing of any material alterations to the Lot of which the Seller is aware and of any concerns expressed by third parties in relation to the authenticity, provenance, origin, age, condition or quality of the Lot and the seller has provided SAUDI OASIS COMPANY with all such information in the Seller’s possession or control. 7.1.3 The Seller shall compensate SAUDI OASIS COMPANY and the Buyer in full for all losses, expenses and other costs which are caused by the Seller’s breach of any obligation of the Seller under the Terms. 7.1.4 Where the vehicle is not registered in the KSA, the seller shall be responsible for completing the regulatory procedures in KSA within 14 days of the car arriving in the KSA and before the vehicle arrives at the auction for sale. 8. Vehicle Registration Numbers 8.1 If the Seller wishes to sell the Motor Vehicle but to retain the right to the registration number of the Motor Vehicle it is the Seller’s Responsibility to notify SAUDI OASIS COMPANY in writing before the auction in a reasonable period. 8.2 It shall be the Seller’s responsibility to complete the retention documentation prior to sale and offer the vehicle with a new car registration form from the General Department of Saudi Traffic. The completion of the legal procedures required to register the car within the Kingdom of Saudi Arabia prior to the Motor Vehicle being sold at Auction fall on the Seller and no liability shall attach to SAUDI OASIS COMPANY in respect to any act or omission as a result. 9. Bidding and Reserve s 9.1 Admission to the Auction requires the purchase of a Catalogue which must be presented at the entrance to the Auction. 9.2 SAUDI OASIS COMPANY do not accept bids from any person who has not completed and submitted a registration form. A certified cheque of an amount of $26,000 shall be executed by the bidder in the name of SAUDI OASIS COMPANY. The amount of the cheque shall only be refunded if no vehicle is awarded to the bidder. However, if a vehicle is awarded to the bidder, then the amount of the cheque shall be deducted from the total amount of the vehicle invoice. In addition, the amount shall not be refunded if the bidder violates the terms and conditions after the vehicle is awarded to the bidder and the sale is not closed. Proof of identification will be required in the form of a passport or National ID, before the registration process can be completed. 9.3 The Auctioneer will commence and advance the bidding at levels and in increments he considers appropriate and is entitled to place a bid or series of bids on behalf of the Seller, up to the Reserve on the Lot. 9.4 The Seller may place a Reserve on any Lot when he consigns it to the Auction, and once placed it may not