Page 11 - 无界 香港专场

GUIDE FOR BIDDERS

The auction to be held by TOKYO CHUO AUCTION HONGKONG COMPANY LIMITED (hereinafter referred to as
the “Company”) will be conducted in accordance with the “Conditions of Sale”. Please read carefully for complete
understanding of the rules before participating in the auction.

THE BIDDER’S RESPONSIBILITIES Company to bid on his behalf. The Company may accept or decline the
appointment. For those successful written absentee bids, the Company will
charge the Purchaser’s Commission (from the Purchaser on top of the hammer
By his participation in bidding, the Bidder confirms the following matters and price of each lot, being 20% of the hammer price below HK$5,000,000; 18%
shall assume the corresponding responsibilities:
of the hammer price reaching HK $5,000,000 and up to $19,999,999; 15% of
1. The Auction Article is auctioned for sale in its present condition on an as is the hammer price reaching HK$20,000,000 and above HK$20,000,000).
basis. By participating in the bidding, the Bidder shall be deemed to have 2. In a written absentee bid, if two or more Bidders bid for the same Auction
inspected the Auction Article prior to the auction and is satisfied with the Article with the same price on which the sale of that Auction Article is
condition and description of it without relying on any of the written or verbal
descriptions, explanations or comments made on the Auction Article by the concluded, the Company has sole discretion to sell the Auction Article to the
Company; Bidder who has submitted the Absentee Bids Registration Form earlier.
3. Under all circumstances, the Company will not assume any responsibility for
2. Unless otherwise stipulated in these Conditions, all the written and verbal
descriptions, explanations and comments (contained in catalogues, reports, unsuccessful bids or the occurrence of any error or omission in a written
documents, video products or any other promotional materials or otherwise) absentee bid.
are mere expressions of opinion. Under all circumstances, the Company shall 4. Application for written absentee bids is closed on 7 September 2022. The
th
not be deemed to have given representations or warranties regarding any Company does not assume any responsibility for a Bidder who has been
aspect of the Auction Article (including but not limited to its genuineness, declined to participate in the auction due to his failure to submit the said
originality, commercial value, fitness for specific purposes, quality or other Registration Form and the specified deposit or other required documents
conditions, etc.);
before the said deadline.
3. The descriptions, explanations or comments on the flaws of the Auction
5. Deposit for written absentee bids is HK$300,000. Deposit for written
Articles made by the Company are for reference only and shall not mean that
there are no other flaws in the Auction Article. Under all circumstances, the absentee bids of lots marked is HK$5,000,000.
Company shall not be deemed to have given representations or warranties Email: clientservices@chuo-auction.com.hk
regarding the Auction Articles. Bidders shall inspect the Auction Article in
Fax: +852 2486 1355
person or assign personnel with the related knowledge to do so.
Mail: Room 2601, 26/F, Wing On Centre, No. 111 Connaught Road Central, Hong Kong
4. The Company only provides descriptions, explanations or comments with
reasonable caution on (1) the representations and warranties given by the TELEPHONE BIDDING
Seller on the Auction Article and the information provided by him, (2) expert
opinion (if any). The Bidder confirms that the Company does not have the
obligation to conduct a comprehensive due diligence on the Auction Article. 1. In case that the Bidder cannot attend the auction in person, the Bidder may
bid on the telephone, and submit a Telephone Bidding Registration Form
5. Guaranteed Lot ▲ to appoint the Company to bid on his behalf. The Company may accept or
The seller of lots with this symbol has been guaranteed a minimum price from decline the appointment. For successful telephone bids, the Company will
this sale. This guarantee could be provided by the Company, a third party or
charge the Purchaser’s Commission (from the Purchaser on top of the hammer
a joint agreement by the Company and a third party. It could be in the form price of each lot, being 20% of the hammer price below HK$5,000,000; 18%
of an irrevocable bid provided by a third party. Providing or participating in a
of the hammer price reaching HK $5,000,000 and up to $19,999,999; 15% of
guarantee, third party could be financially beneficial if a guaranteed lot is sold the hammer price reaching HK$20,000,000 and above HK$20,000,000).
successfully. If a third party providing or participating in a guarantee is the
successful bidder for the guaranteed lot, they have to pay the full Purchaser’s 2. In the course of the auction, the Company will endeavour to contact the
Commission. Bidder with the information provided by him in the Telephone Bidding
Registration Form. The bidding instructions received by the Company from
CONDITIONS PRECEDENT FOR BIDDING the contact information provided in the Telephone Bidding Registration Form
shall be deemed as instructions from the Bidder. The Bidder shall be legally
Bidders must satisfy the following conditions precedent prior to or on the liable for his instructions.
Auction Day before they become eligible to participate in the bidding in
person. Despite the above, the Company has discretion to refuse any person’ 3. Under all circumstances, the Company will not assume any responsibility
s participation in the bidding and reserves its power to lay down and amend for unsuccessful bids, or the occurrence of any error or omission during the
the qualifications for bidding from time to time: telephone bidding.
th
4. Application for telephone bidding is closed on 7 September 2022. The
1. Submit to the Company a duly completed and signed Bidder’s Registration Company does not assume any responsibility for a Bidder who has been
Form;
declined to participate in the auction due to his failure to submit the said
2. For Bidders who are natural persons, submit an identification document Registration Form and the specified deposit or other required documents
(affixed with photograph) issued by the relevant government department before the said deadline.
and a proof of residential address;
Email: clientservices@chuo-auction.com.hk
3. For Bidders who are companies or other organizations, its agent to submit Fax: +852 2486 1355
its current valid registration document, certification on shareholders and Mail: Room 2601, 26/F, Wing On Centre, No. 111 Connaught Road Central, Hong Kong
authorization letter;
5. Deposit for telephone bidding is HK$300,000. Deposit for telephone bidding
4. Submit other information that the Company reasonably requires (including
information of the bank account that is used for payments or other financial of lots marked is HK$5,000,000.
proof); and 6. To ensure the accuracy of telephone bidding, the Company is entitled to
record the telephone bidding under specific circumstances. The Company
5. Bidders who participates the auction in person should pay a deposit of

,
HK$150，000 by cash （Limit to HK$80,000 or below ）cheque, bank draft, wire is subject to confidentiality obligations for the information obtained in such
transmission or credit card. Bidder will need to register a special paddle for lots recordings, subject to the Company’s right of disclosure to third parties under
Clause 21 of the“Conditions of Sale”.
marked Upon registration, bidder should pay a deposit of HK$5,000,000.
6. In case that the Company reasonably considers that the behaviour of a Bidder
may adversely affect proceedings of the auction, the Company is entitled to ONLINE BIDDING
refuse to register for the Bidder or cancel his registration.
If bidders are unable to attend the auction, they can participate in online bidding.
Bidders who bid online shall pay a deposit, The above deposit should be remitted
WRITTEN ABSENTEE BIDS to the company's designated account or the bidder can pay online with credit card.
The registration procedures should be completed in advance. (Note: Subject to the
1. In case that the Bidder cannot attend the auction in person, he may bid Company’s right under Clause 7 of the“Conditions of Sale”.)
in writing and submit an Absentee Bids Registration Form to appoint the