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PAYMENT METHODS

Payment Payment Method

A successful bidder must pay the hammer price, as well as the A purchaser can pay for the lot(s) at the Finance Department onsite.
commission to the Company.

Purchaser’s Commission Day Settlement

A purchaser’s commission is 20% of the hammer price below Pay in Cash: Hong Kong dollars only (not exceed HK$80,000 in total)
HK$5,000,000; 18% of the hammer price reaching HK$5,000,000 Pay by Credit Card: VISA, MasterCard, American Express, UnionPay
and up to $19,999,999; 15% of the hammer price reaching (not exceed HK$1,000,000 in total)
HK$20,000,000 and above HK$20,000,000.

Payment After Auction

Payment should be transferred to the Company’s bank account within 7 days after the Auction Day. A purchaser can
collect his lot(s) after the Company receives the payment.

BANKER’S DRAFT & CHEQUE
Cheques and drafts should be made payable to TOKYO CHUO AUCTION HONGKONG COMPANY LIMITED
WIRE TRANSFER
Bank transfers should be made to THE HONG KONG AND SHANGHAI BANKING CORPORATION LIMITED

Beneficiary name : TOKYO CHUO AUCTION HONGKONG COMPANY LIMITED
Bank name : HSBC HONG KONG
Bank address : 1 Queen's Road Central, Hong Kong
Bank code : 004 ( for local payment )
Swift code : HSBCHKHHHKH ( for telegraphic transfers )
Account number : 023-662653-838 ( HKD )
Lot Delivery

When the payment is settled, a purchaser can collect his lot(s). After the hammer has struck, the delivery, insurance,
and other fees will be borne by the purchaser. If the purchaser fails to collect the lot(s) (7 days after the Auction Day),
the Company may charge the purchaser for storage costs at HK$80 per day in respect of each lot.

GLOSSARY

Auctioneer means the person who chairs the auction for the Company and strikes the hammer.
Hammer Price means the highest bid that the Auctioneer announces for the conclusions of the sale by striking the hammer or using other usual means
Lot Number is a number indicating a lot. A lot number may represent more than one lot or even a group of lots. An auction is conducted in order of the lot number.
Estimate is an estimated price of a lot published in the Company’s catalogue.
Paddle is an object that is given to a bidder who finishes the registration.
Bid is an action to signal the auctioneer to buy a lot.
Purchaser means any Bidder or his agents whose highest bid has been accepted by the Auctioneer in the auction held by the Company