CARLOS CALVET - 1928-2014

Founded in 1996 and with headquarters in the centre of Lisbon, Sociedade Comercial de Leilões “O Pregão”, Lda, commercially known as CABRAL MONCADA LEILÕES, is a Portuguese company specialized in ANTIQUES AND WORKS OF ART and MODERN AND CONTEMPORARY ART, operating in two major areas - LIVE AND ONLINE AUCTIONS and EVALUATIONS - and two complementary ones - EXPERT OPINION and CONSULTANCY.

HOW TO BUY AT A LIVE AUCTION 

Prior to live auction – Catalogue and preview 

Live auction catalogues are available at www.cml.pt; printed catalogues can be obtained directly from CABRAL MONCADA LEILÕES.
The items up for live auction will be exhibited to the public from 2:00pm to 7:00pm for a seven-day period before the first session. The exhibition period always includes a weekend, to accommodate visits for those who have difficulty doing so during the week. 

Usual live auctions sales calendar 
Auctions may have one or several sessions distributed over one or two weeks (Mondays to Thursdays). All sessions are held at the premises of CABRAL MONCADA LEILÕES starting at 6:00pm and usually ending around 10:00pm. 

Admission and bidding 
Admission to auctions is free and there is no obligation to bid.
In addition to our usual customers, we welcome anyone interested in attending an auction for the first time, as well as anyone who has no bidding experience.
CABRAL MONCADA LEILÕES will be pleased to provide full information and explanations which may assist interested parties on how an auction is organised, allowing them to bid in the best possible circumstances. 

It is advisable to establish in advance the maximum amount you are willing to offer when bidding on the item you have in mind. Buyers should bear in mind that they will also have to pay the commission owed by the buyer and the VAT on it.

Bidding procedure
There are several ways of bidding for and purchasing items on live auctions: 

• 1)  in person;
• 2)  written bidding / purchase order;
• 3)  telephone bidding request;
• 4)  through CABRAL MONCADA LEILÕES exclusive online platform www.cml.liveauctions.pt
• 5)  through the international online bidding platforms where the Live Auction is offered.

1. Bidding in person
Interested parties must register when arriving at the premises of CABRAL MONCADA LEILÕES by filling in and signing a form, stating their name and address, telephone number, identity card/passport number and taxpayer identification number. They will be given then a numbered paddle to use for bidding. If you wish to bid in person, all you have to do is to raise the numbered paddle you were given at registration desk and clearly show your intent to the auctioneer who will accept your bid as soon as possible. Once you have finished bidding and secured the item, the auctioneer will state out loud the number of the winning bidder’s paddle and repeat the correct amount of the sale before moving on to the next item. 

2. Purchase Orders / Written bids 

1. The absentee bid form can be obtained at www.cml.pt or requested to CABRAL MONCADA LEILÕES.
   The form should be filled in, signed and returned to us in person, by e-mail or fax at least three hours prior to the beginning of the particular sale. The auctioneer will bid for and acquire the item on behalf of interested parties at the lowest possible price not exceeding the maximum bid value.
2. Submitted through CABRAL MONCADA LEILÕES exclusive online platform www.cml.liveauctions.pt in which the live auction has been made available.
   In order to submit these purchase orders via online, the potential buyer must register in advance at www.cml.liveauctions.pt, mandatorily filling in the fields containing their name, address, taxpayer number, telephone number and e-mail, declaring to have read and accepted the Business Conditions. Should keep confidentialy the chosen password at the time of registration, being fully responsible for its use.
3. Purchase orders for a given item will be executed by CABRAL MONCADA LEILÕES at the best price allowed by any other purchase orders and bids eventually received for the same item.
4. In case several purchase orders or bids have been received online, for the same price, for the same asset, the first one that was registered on the online platform of CABRAL MONCADA LEILÕES www.cml.liveauctions.pt prevails;
5. It is up to the auctioneer to decide, with full discretion, any queries or reasonable doubts that may arise, including removing any asset from the auction or putting the asset back on sale, in which case it must restart the bidding at the respective base value.
6. The purchase order service is provided as a courtesy to buyers who cannot be present and are confidential and free of charge.

3. Telephone bids
The telephone bid form can be obtained at www.cml.pt or requested to CABRAL MONCADA LEILÕES. The form should be filled in, signed and returned to us in person, by e-mail or fax at least three hours prior to the beginning of the particular sale. CABRAL MONCADA LEILÕES will call you from the room where the auction is being held just before the item or items, you are interested in, are being put for sale, to allow you to follow that particular bidding.
Telephone bidding is a courtesy service for purchasers who are unable to attend the auction. It is confidential and free of charge.

4. Bidding through CABRAL MONCADA LEILÕES own online platform www.cml.liveauctions.pt
In addition to the submission of purchase orders referred herein above, it is possible to place online bids on CABRAL MONCADA LEILÕES exclusive online platform www.cml.liveauctions.pt, throughout the entire duration of the live auction. In order to bid online, the potential buyer of our live auctions should register itself in advance at www.cml.liveauctions.pt by filling in the fields with its name, address, taxpayer number, telephone number and email, declaring to know and accept our Business Conditions. The prospective online buyer should keep confidential the chosen password and be fully responsible for its use. 

5. Bidding through other online platforms where the live auction has been made available. 

1. Under the Conditions determined by each of these platforms, namely regarding registration;
2. If the purchase is made through any platform other than the exlusive online platform of CABRAL MONCADA LEILÕES www.cml.liveauctions.pt, the buyer undertakes to pay CABRAL MONCADA LEILÕES the total amount due for the sale of the property, that is, the auction sale amount plus a fixed commission of 24.60%,
3. Shall collect the item on our facilities;

Liability
The CABRAL MONCADA LEILÕES online auctions platform www.cml.pt operates, in each and all phases (including but not limited to, registration, access to the account by registered users, purchase orders and bidding management, determination of the winner bid and communication with the registered users) in a fully automatic way. 

Periods of unavailability may occur on the CABRAL MONCADA LEILÕES online auctions platform www.cml.pt or Third Parties Platforms, as well as problems or faults in their functions may arise, which may be caused by a variety of causes, including, namely, internet connection problems, electric overload, virus, cyber- attacks, programming errors or inconsistencies. 

Online Auctions - Platform Operating Problems may compromise the achievement of one or more than one online auctions, or may affect, in a particular auction, one or more items (lots); likewise, Platform Operating Problems may affect the users in general, a group of users, or just a single user, which may, namely, be unable to register, to access his own account, to give a purchase order or a bid; or, being able to give a purchase order or a bid, such purchase order or bid was not taken into consideration, or not receiving certain communications (such as the reception of an higher bid) or receiving wrong communications. 

Online Bidding at Live Actions - Platform Operating Problems may affect online users, that can be unable to register, to access his own account, to give a purchase order or a bid; or, being able to give a purchase order or a bid, such purchase order or bid was not taken into consideration, or not receiving certain (such as the reception of an higher bid) or receiving wrong communications. 

CABRAL MONCADA LEILÕES as well as its legal representatives, employees or associates is not liable, in any case, for any Platform Operating Problems of CABRAL MONCADA LEILÕES online auctions platform www.cml.pt
Should a Platform Operating Problem occur during an online auction, CABRAL MONCADA LEILÕES may, but is not compelled to, repeat the affected auction, or to put to sell again the affected items in a new live or online auction. 

AFTER THE AUCTION

1. For each lot purchased through this platform, purchasers must pay the full amount of the winning bid, plus a commission of 24.60%, which includes 23% VAT, according to the Special Regime for Item Sales at Auction. 

Payment and collecting period of purchased item
Payment should be made and the item collected within a period of ten (10) days from the purchase in matter. Items may only be collected after the full amount of the sale has been paid.
Regardless of the nationality of the buyer (his full identification will be required), payment can be made through: 

• Debit card;
• Bank transfer (indicating sale number; lot number; customer bid number);
• Certified cheque (payable to Sociedade Comercial de Leilões “O Pregão”, Lda.; the respective
  charges shall be beared by the buyer)
• Cash up to € 3.000 (higher values have to be paid directly to the bank by the buyer; cash will not be accepted to purchase lots of online auctions); 

LIVE AND ONLINE AUCTIONS
Bank: Banco BPI, S.A.
Account name: Sociedade Comercial de Leilões “O Pregão”, Lda. IBAN: PT 50 0010 0000 5034 1370 0014 2
SWIFT Code: BBPIPTPL

May I buy an auction unsold lot?
Items withdrawn from an auction because they were not bid may be sold later by the estimate value plus the commission and tax due, pursuant to art. 9 of the business Conditions and conditions concerning the buyers. Such items are not negotiable under any circumstances.
Should the online buyer fail to withdraw the paid item within a period of ten (10) days from the purchase in matter he will be liable for storage and removal expenses and/or insurance that may occur, according to the correspondent price list:

STORAGE COSTS FOR PURCHASED LOTS – all auctions, live and online 

ONLINE AUCTIONS - ASSIGNMENT TO A THIRD PARTY IN CASE OF DELAYED PAYMENT 

After the said ten (10) day period without the payment due having been made, CABRAL MONCADA LEILÕES reserves the right to sell the item to a third party at its auction price or to put it up for sale in an online auction, without that the purchasing customer may object or claim any compensation. 

IMPORTANT NOTICE 

MONEY LAUNDERING AND TERRORISM FINANCING PREVENTION AND COMBAT
Law no. 58/2020, of August 31st, operated the second amendment to Law no. 83/2017, of August 18th, transposing into the Portuguese legal order the European Parliament Directive (EU) 2018/843 and of the Council, of May 30th 2018 (Directive), commonly referred to as the “Fifth AML Directive” and Regulation No. 314/2018 of May 25th, subject CABRAL MONCADA LEILÕES to comply with the general duties of PCML/TF. The duty of identification and diligence (article nr. 23 et seq. of the Law and article 5th of the Regulation) is required when are established business relations or are carried out occasional transactions of an amount equal to or higher than € 15,000 (fifteen thousand euros), regardless of the way of payment and either the transaction was performed through a single operation or by several operations apparently linked in some way. 

GENERAL DATA PROTECTION REGULATION
According to the GDPR and to its own Privacy Policy, available on the website www.cml.pt, CABRAL MONCADA LEILÕES will promise to process collected personal data in a lawful manner, respecting the principles of good-faith and in the strictest confidentiality and assures furthermore that collected personal data are adequate, relevant and not excessive concerning the purposes for which they were collected and processed. 

CITES - INTERNATIONAL TRADE CONVENTION ON ENDANGERED SPECIES OF WILD FAUNA AND FLORA 

Legal obligations that fall on Owners 
In accordance with current legislation, namely Decreto-Lei no. 121/2017, of 20 September – which ensures the implementation of the International Trade Convention on Endangered Species of Wild Fauna and Flora – CITES, adapting it to the changes to Regulations (EC) Nos. 338/97 and 865/2006 – the possession of items that incorporate materials from protected wild fauna and flora species and, consequently, their transportation requires their owner to have their respective certification through the ICNF – Institute for Nature and Forest Conservation. 

As previously mentioned, each and every item incorporating materials from protected wild fauna and flora species, put up for sale by CABRAL MONCADA LEILÕES, was previously certified in accordance with the provisions of CITES. Pursuant to applicable legislation, the respective purchaser must request new registration in his/her name with the competent authority. 

Import and export restrictions 
The import of items that incorporate materials from protected wild fauna and flora species, including, among others, ivory, coral and turtle is currently prohibited by several countries.
In Portugal, in accordance with the planned transposition into national legislation of the most recent EU guidelines relating to the ivory trade, the issuance of re-export certificates to countries that are not part of the EU is suspended. In this context, potential buyers are advised to inform themselves in advance about their country's legislation and applicable international restrictions. 

Certification procedure
Whenever required and deemed viable – it is specified that, among other items, the following will not be accepted for auction: unscrafted ivory; crafted African ivory from the 2nd half of the 20th century or later; rhinoceros horn) - CABRAL MONCADA LEILÕES is available to provide the necessary services to prepare the process to be presented to the ICNF for the purposes of certifying one or more pieces:
1. If the item is contracted for auction or has been subject to a previous expert opinion and evaluation by CABRAL MONCADA LEILÕES, the provision of this service costs € 30 + VAT per item - plus the cost of the CITES/ICNF certificate (currently € 34,40 – VAT - exempt value) which amounts to a total cost of € 71.30 per item.
2. As the item is not contracted for auction, nor has it been the subject of a previous expert opinion and evaluation by CABRAL MONCADA LEILÕES, the provision of this service implies its prior expert opinion (cost: see fee table for the formal evaluation of items in this Customer Guide; minimum € 100 + VAT per item) + presentation of the certification request by CABRAL MONCADA LEILÕES (cost € 100 + VAT per item - plus the cost of the CITES / ICNF certificate (currently € 34.40 - VAT exempt); (minimum) cost for certification of pieces that will not be put up for auction: € 280,40.
Note: Certification can be requested directly by an individual from the INCF; However, this requires that, in addition to the full identification of the applicant and photographs of the item, a declaration, duly signed, on letterhead or stamped, from the individual or collective entity, public or private, certifying the antiquity of the piece (Association of antique dealers, auctioneers, recognized experts, among others). 

LEGAL FRAMEWORK REGARDING JEWELLERY AND MARKING – LAW 98/2015
As prescribed in the Law nr. 98/2015, of August 18th, and Law nr. 44/2016, of August 17th, each and every one of the lots made of precious metals, put up on auction by CABRAL MONCADA LEILÕES, is in compliance with the referred to Law and its respective regulation, being also duly marked, according to the law. 

INFORMATION PROVIDED UNDER LAW NO. 144/2015 (ALTERNATIVE CONSUMER DISPUTES RESOLUTION ENTITIES)
In the event of a dispute, the consumer may resort to an Alternative Dispute Resolution Entity, under the Conditions of Law No. 144/2015 of 8 September:
Lisbon Consumer Dispute Arbitration Centre
https://www.centroarbitragemlisboa.pt/
Vale do Ave Consumer Dispute Arbitration Centre/Court of Arbitration
https://www.triave.pt/
CIAB – Consumer Information, Mediation and Arbitration Centre (Consumer Arbitration Court)
https://www.ciab.pt/pt/
CNIACC – National Center for Information and Arbitration of Consumer Disputes
https://www.cniacc.pt/pt/
Coimbra District Consumer Dispute Arbitration Centre
https://www.centrodearbitragemdecoimbra.com
Algarve Consumer Dispute Information, Mediation and Arbitration Center
https://www.consumoalgarve.pt 
Porto Consumer Information and Arbitration Centre: 
https://www.cicap.pt;
More information at Consumer Protection General Directorate
(https://www.consumidor.gov.pt/). 

This abstract has been provided as an information guide. It is not a substitute nor does it excuse from the consultation of the current Business Conditions published in every CABRAL MONCADA LEILÕES catalogues and available on the website www.cml.pt.
In case of any discrepancy between the Portuguese version and the English version of the Business Conditions, the Portuguese version shall always prevail.