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ଣ͟i ʞ ν͉ʮ̡ீཀ"11͜˒၌˙ό೯̈ٙdۆ೯˚މᘩҳɛʿ൯ CONDITIONS OF BUSINESS FOR BUYERS
ਗ਼ًرၾቖਯʚ൯˚ΝdԨঐᔷՉѼഛהϞᛆ˲Іቖਯ˚ಂܝ ϗՑ༈ஷٝ˚ಂf
Ԩೌ̈ତОୋɧ˙͡॰ʘשርۜৗᒔʚ͉ʮ̡f
ɧ Ϟᗫତ˾ʿ˾ᖵஔeʕذ˸ʿʕࣣdᒱ್ͦۃኪஔޢʔ ୋɧɤɖૢ ̙ʱ௲
࢙࿁ϤᗳйЪ̈ᆽྼʘႭdШ͉ʮ̡ڭवઋᛆ͉ܲڭᗇШ˸שር ν͉ۆʘОૢಛאʱΪОଣ͟Ⴉ֛މೌࣖeʔΥجאʔ̙ੂ
˚ܝɓϋʫމࠢ՟ऊᗇྼމᑐۜʘତ˾ʿ˾ᖵஔeʕذ˸ʿʕ Бd͉ۆՉ˼ૢಛאʱʥ್Ϟࣖdᗫ˙Ꮠ፭ςeੂБf
ࣣשርۜʘʹiʊ˹ʘಛධ͉ܲૢ֛ৗᒔʚ൯dШ൯̀ί
שር˚ৎɓϋʫΣ͉ʮ̡Զᗇኽ ͉ܲૢୋ ɚ e ̬ ಛ֛ٙ˙ό d ୋɧɤɞૢ جܛʿ၍ᒍᛆ
ᗇྼ༈שርۜމᑐۜi ɓ ͉ۆʿՉᗫԫ֝eʹeΪԱ͉ۆਞ͉̋ʮ̡שርݺਗϾ
̬ ͉ʮ̡̙ઋӔ֛ᒀеɪࠑО֛f͉ʮ̡ϞᛆࠅӋ൯॰՟Շ ˏৎאၾʘϞᗫٙОنᙄdѩա࠰ಥجܛ၍Ԩ͟࠰ಥجܛ༆ᙑf
The following provisions may be amended by public notice or verbal notifi cation incurred in seeking recourse against a defaulting Buyer;
Τމ͉ʮ̡ʿ൯ᕐ˙ટॶʘዹͭʿБʫႩ̙ਖ਼ʘజѓd൬͜͟൯ ɚ աՓୋɧɤɞɧૢ֛ٙd࠰ಥج৫࿁͉ʮ̡שርݺਗϾˏ during the auction. By bidding at the auction, the Bidder agrees to be bound by the (14) “Reserve” means the confidential minimum selling price for an Auction
וዄf͉ʮ̡ೌա൯̈ͪʘОజѓהࠢdԨڭवᛆлరӋᕘ̮ ৎאၾʘϞᗫٙОنᙄ¨༈نᙄ©ኹϞਖ਼᙮၍ᒍᛆf͉ʮ̡e൯ following provisions. Property determined by the Seller and the Company;
(15) “Estimated Price” means the estimated sales price of an Auction Property
ʘਖ਼จԈd൬͉͜͟ʮ̡ІБוዄf ʿᘩҳɛΝจ࠰ಥج৫މ௰Υቇʿکлٙج৫˸༆Ӕ༈نᙄfΪϤd
Article 1 China Guardian (Hong Kong) Auctions Co., Ltd. as the Auction Agent indicated in the catalogue or after other descriptive text, and excluding the
Оɓ˙ʔึఱϤ̈ˀ࿁f Unless otherwise provided, China Guardian (Hong Kong) Auctions Co., Ltd. shall Buyer’s Commission;
ୋɧɤ̬ૢ ༟ࣘᐏ՟eᅂ ɧ ͉ୋɧɤɞɧૢ̥աू͉ʮ̡f͉ʮ̡ϞᛆОՉ˼Ո၍ serve as the Seller’s agent. The contract for the sale of the Auction Property shall (16) “Storage Fee” means the charge for storage that the Buyer is required to pay
be the contract between the Seller and the Buyer. These Conditions, the Conditions to the Company in accordance herewith.
ఱᐄ͉ʮ̡ٙשርุਕ˙ࠦd͉ʮ̡̙ঐ࿁ОשርཀආБࠪe ᒍᛆٙج৫ఱ༈نᙄৎൡதϾʔաОࠢՓfίجܛʪٙᇍఖʫd of Business for Sellers, and all other terms, conditions and notices contained in the 2. As required by the context, the singular of a term herein includes the plural
ᅂʿাd͵ცࠅΣᘩҳɛฤණࡈɛ༟ࣘאΣୋɧ˙॰՟Ϟᗫᘩҳ ͉ʮ̡̙ί߰ʍ̡ج၍ᒍਜΝࣛආБൡதf catalogue, announced by the Auctioneer or provided in the auction venue in the thereof, and vice versa. Unless otherwise required by the context:
form of an announcement shall constitute the terms agreed among the Seller, the (i) the Buyer and the Company are herein collectively referred to as the “Parties”,
ɛٙ༟ࣘ ԷνΣვБ॰՟ڦ͜ᄲࣨ fவԬ༟ࣘึ͉͟ʮ̡ஈଣԨ˲ڭ
Buyer and/or China Guardian (Hong Kong) Auctions Co., Ltd. as the auction agent. and a “Party” refers to either Party;
dਬϞᗫ༟ࣘϞ̙ঐ࣬ኽ͉ۆٙͦٙאՉ̴ΥجͦٙdԶഗ͉ʮ ୋɧɤɘૢ ႧԊ˖͉ (ii) Any mention of legal provisions shall be construed as including any future
̡e͉ʮ̡ٙʱeڝ᙮ʮ̡eɿʮ̡e͎ʮ̡eʕྗᅃeʕྗᅃ ͉ۆ˸ʕ˖މᅺ˖͉dߵ˖˖͉މਞϽ˖͉f Article 2 Definitions and Explanations amendments to, or re-enactment of, such provisions;
1. The following terms herein shall have the meanings assigned to them below: (iii) Any mention of “person” shall include natural persons, companies, legal
ٙʱeڝ᙮ʮ̡eɿʮ̡e͎ʮ̡d˸п͉ʮ̡މᘩҳɛԶҁഛ ߵ˖˖͉νၾʕ˖˖͉ϞОʔɓߧʘஈd˸ʕ˖˖͉މf (1) “Company” means China Guardian (Hong Kong) Auctions Co., Ltd.; persons, enterprises, partnerships, individual proprietorships, governmental
ٙਕeආБ܄˒ʱؓdא˸کԶୌΥᘩҳɛࠅӋٙਕfί͉ۆ (2) “China Guardian” means China Guardian Auctions Co., Ltd., with its domicile or social organizations and organizations comprised of more than one of the
at 3/F, Offi ce Area, Guardian Art Center, No.1 Wangfujing Street, Dongcheng foregoing;
ධɨٙʹҁϓܝ νቇ͜ d͉ʮ̡̙ίجܛ࢙ٙΥଣࣛගʫdڭπ ୋ̬ɤૢ ۆوᛆהϞ
District, Beijing, People’s Republic of China; (iv) Any mention of “Article” or “Clause” refers to the Articles or Clauses hereof;
ʿԴ͜ʊϗණٙࡈɛ༟ࣘfνᘩҳɛא൯૧ݟቡʿāאһ͍π͉ʮ ͉ۆ͉͟ʮ̡ՓࠈձࡌҷdᏐوᛆᓥ͉ʮ̡הϞf͉͊ʮ̡ԫ (3) “Seller” means any person, company, body corporate or entity that offers (v) The headings are provided for ease of reference only, and shall not aff ect the
̡ٙࡈɛ༟ࣘd̙ࣣࠦߧՌ͉ʮ̡ ஹΝΥଣٙБ݁൬ ̈ϞᗫࠅӋf ࣣ̙ࠦdОɛʔ˸О˙όא˓ݬdл͉͜ۆᐏ՟ਠุлूd Auction Property for sale. Unless otherwise stated or specifi cally required by the interpretation hereof.
context, the term “Seller” herein shall include the Seller’s agent (excluding the
މəᘩҳɛٙᛆूd͉ʮ̡͵̙ঐცࠅΣୋɧ˙ਕԶᏐਠ Էν୵༶ʮ ͵ʔ࿁͉ۆʘОʱආБልႡeෂאᎷπ̙Ꮸ॰ӻ୕ʕf Company), executor or personal representative; Article 3 Applicable Scope
̡אπࡑʮ̡ Զᘩҳɛٙ΅ࡈɛ༟ࣘfᘩҳɛਞၾ͉ʮ̡ٙשርd (4) “Bidder” means any person, company, body corporate or entity that All Bidders, Buyers and other concerned parties participating in the auction of such
contemplates, makes or attempts a bid in any manner. Unless otherwise stated collectibles as cultural artifacts, works of art, etc. organized and conducted by the
уڌͪᘩҳɛΝจɪ˖הࠑfνᘩҳɛ૧ᐏ՟אһҷࡈɛ༟ࣘdሗၾ܄ ୋ̬ɤɓૢ ቇࣛ͜ಂ
or specifi cally required by the context, the term “Bidder” herein shall include the Company shall act in accordance herewith.
˒ਕᑌഖf ͉ۆ̥ቇ͉͜ϣשርd͉ʮ̡̙ʔࣛһอ͉ۆdᘩҳɛձ൯ਞ Bidder’s agent;
ၾ̤ɓϣשርٙࣛࡉᏐ˸ࣛቇٙ͜൯ุਕۆމf (5) “Buyer” means the Bidder, including the principal of a person bidding as an Article 4 Special Notice
agent, the highest bid or off er of whom is accepted by the Auctioneer in the All Bidders and Buyers participating in the auction by the Company shall carefully
ୋɧɤʞૢ وᛆ auction held by the Company; read and abide by these Conditions, and, in particular, they shall carefully read the
ርબᛆ͉ʮ̡࿁Չ։ৄ͉ʮ̡שርٙОשርۜႡЪ˪eྡͪeྡ ୋ̬ɤɚૢ ༆ᙑᛆ (6) “Buyer’s Commission” means the commission that the Buyer must pay to the provisions hereof on the liability of the Company, the restrictive provisions, and the
Company based on the Hammer Price at the rate specifi ed herein; disclaimers. The Bidder and/or his or her agent is/are responsible for viewing the
אՉ˼Җόٙᅂ྅Ⴁۜձ܁ෂۜd͉ʮ̡ԮϞɪࠑ˪eྡͪeྡ ˚੬ੂБ͉ۆࣛd͉ۆٙ༆ᙑᛆ͉͟ʮ̡БԴfν൯eርၾ͉
(7) “Auction Property” means the item(s) that the Seller consigns to the Company original Auction Properties in person, and shall be legally liable for his or her bidding
אՉ˼Җόٙᅂ྅Ⴁۜձ܁ෂۜٙوᛆdϞᛆ࿁ՉԱج̋˸ೌᎵԴ͜f ʮ̡೯͛جܛنᙄdί༆Ӕ༈نᙄࣛd͉ۆٙ༆ᙑᛆ͟Ո၍ᒍᛆٙج for auction and which are auctioned off at the auction; on the Auction Properties. The Company may at its own discretion postpone or
͉͊ʮ̡ԫࣣࠦΝจd൯ʿОɛʔԴ͜f͉ʮ̡ʿርѩԨ ৫БԴf (8) “Auction Date” means, for a particular auction, the date announced by the cancel any auction due to weather or other reasons and shall not be liable to make
company on which the auction will offi cially commence; any compensation to the Bidder.
͊Ъ̈שርۜ݊щաوᛆהࠢא൯݊щ՟שርۜʘОوᛆٙࠑ (9) “Sale Date” means the date on which the transaction of an Auction Property
ʿڭᗇf و͉˚ಂj ϋ ˜ ˚ is confi rmed by the striking of the hammer by the Auctioneer or other public Article 5 Responsibilities of the Bidder and the Company in Respect of the
indication by the Auctioneer that a transaction has been struck in the auction Auction Properties
͉ʮ̡ήѧj࠰ಥږᙒ༸ ɢᘒʕːɓࢭʞᅽ
held by the Company; 1. The Company’s perception of an Auction Property is partly dependent on the
ୋɧɤʬૢ ஷٝ (10) “Auctioneer” means the person that the Company designates to preside over information provided by the Seller, the Company is in no position to and will not
ᘩҳɛʿ൯ѩᏐਗ਼Չո֛Ϟࣖٙஷৃήѧձᑌഖ˙ό˸ᘩҳ೮া˖ a particular auction; carry out comprehensive due diligence of the Auction Properties. The Bidder is
(11) “Hammer Price” means the price at which the Auctioneer strikes the hammer, aware of this and shall be responsible for inspecting and examining the original
אՉ˼͉ʮ̡Ⴉ̙ٙ˙όѓ͉ٝʮ̡d߰ϞҷᜊdᏐͭуࣣࠦѓٝ deciding the sale of the Auction Property to the Buyer, or, in the case of a Auction Properties so as to satisfy himself or herself in respect of those Auction
͉ʮ̡f post-auction transaction, the agreed upon sale price; Properties which he or she may be interested in.
(12) “Purchase Price” means the total amount that the Buyer is required to pay for 2. All Auction Properties to be sold by the Company are available for viewing by
͉ۆʕהʿʘஷٝdසܸ˸ڦՌeཥɿඉeෂॆאீཀ͉ʮ̡
his or her purchase of an Auction Property, including the Hammer Price plus the Bidder before sale. Where the Bidder and/or his or her agent participates
"11͜˒၌ ¨"11͜˒၌© Җό೯ࣣ̈ٙࠦஷٝf༈ഃஷٝίɨΐࣛග the Buyer’s Commission, and the taxes, levies, interest and various charges in bidding, the Bidder shall be deemed as having thoroughly examined the
ൖމ༺j payable by the Buyer; Auction Properties, and to be satisfi ed with the condition of, and the accuracy
(13) “Buyer Charges” means the expenditures and expenses relating to the sale of of the description of, the Auction Properties.
ɓ ν݊ਖ਼ɛ༺ٙdՑϞᗫ˙ʘήѧࣛi an Auction Property by the Company, including but not limited to the charges 3. The Bidder confi rms that numerous Auction Properties are of great age and
ɚ ν݊˸ඉ˙ό೯̈ٙdۆމඉ˚ʘܝୋɖ˂i for insurance, packing, transport, storage and custody that the Company is of special types, meaning that they are not necessarily sound and free from
required to purchase in respect of the Auction Property, expenses for testing, defects. All Auction Properties are sold “as is” at the time of the auction
ɧ ν݊˸ෂॆ˙ό೯̈ٙd೯ෂॆዚᆽႩ೯̈ࣛi
investigation, searching or authentication of an Auction Property additionally (whether or not the Bidder attends the auction in person). Condition reports
̬ ν؈݊˸ཥɿඉҖό೯̈ٙdίཥɿඉাɪᆽႩ೯̈ʘࣛi requested by the Buyer and additional expenditures and legal expenses may be provided at the time of viewing the Auction Properties. Under certain