Dear Friends,

We are pleased to present to you the catalogue of our auction 177 dedicated to antiques and works of art with a core of modern and contemporary art.

Three sessions, on the 4th, 5th and 6th of April 2016. Part of the second session, April 5, dedicated to modern and contemporary art (lots 501 to 590); the third session integrating silverware and jewellery.

About 1500 lots of antiques and works of art spanning nearly every area of the antique trade of which stand out furniture, painting, religious art, faïence, porcelain and oriental art, glass and Crystal, carpets, watches and multiple objects of decoration such as the 19th and 20th C. (lots 1057 to 1068) collection of European and Oriental fans, as the one illustrating the cover (lot 1065).

Modern and contemporary art is represented through 90 lots, including names like Susana Gaudêncio (cover lot 519) Manuel Amado, Jorge Barradas, Artur Bual, Catarina Campino, João Vaz de Carvalho, Noronha da Costa, João Fragoso, Javier Nuñez Gasco, José Lourenço, Mónica de Miranda, Sá Nogueira, Ricardo Paula, Bela Silva, Eurico Lino do Vale among others.

A variety of art pieces, collectors' items and a significant number of originals by contemporary artists that we invite you to discover, live, at the exhibition from the 30th of March or even before that, through our website www.cml.pt.

Two other relevant information:

Rationalisation of production and despatch of printed catalogues per auction

The vast majority of our customers already use e-mail regularly and has full and permanent access to our online catalogues through our website www.cml.pt – over 60000 pages, fully available for consultation, without requiring any prior registration.

This significant evolution made possible and also advisable to rationalise the production and shipping of printed catalogues per auction, reducing their number to the strictly necessary, avoiding waste and allowing not only the reduction of post shipping fees but also avoiding frequent discomforts of going to the post office (where, as often occurs, the item does not fit in the mailbox or nobody is home to receive it) and finally, the logistics problem of printed catalogues storage our customers are increasingly confronted with. We count on your understanding for the ongoing rationalisation.

APLARTE

Finally, a reference to mark the Constitution on December 15, 2015 of APLARTE> - representative Association of Auctioneer Houses of voluntary Sale of Antiques and Works of Art, Modern and Contemporary Art and other Cultural items – of which Cabral Moncada Auctioneers is a founding member henceforth presented.

Hoping to have the pleasure of welcoming you soon in our auction, at our exhibition or on our website www.cml.pt,

with our best regards,

Pedro-Maria de Alvim        Miguel Cabral de Moncada