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P. 186

insurance
i
g
th
on
ti
Hon
3.
e Com
xhibition
g
,
r
in
t bei
of
s
o
a
K
uc
el
the
e
ots.
insurance.
to th
y
or
e

ed f

ﬔ
ection of all L
n
pa
o
gn
on
e L
catalogue,
Compan
y out comp
the
illustration
a
ot
o

y
ehensive insp
shall
2.To remove, store and insure the sold Lot;
n

the
of
g c
speciﬁ ed b y the S eller . 3.ﬔe illustration of the Lot in the catalogue, the exhibition of i in relation to the Lot being consigned for auction, the Com- - Hong Kong on insurance. ﬔe Company shall pay insurance 2. T o r emove, stor e and insur e the sold L ot; and will not carry out comprehensive inspection of all Lots.
speciﬁed by the Seller.
on
ﬔ
and will not carr
r
n
n
ti
L
e
g the L
, the arran
o settle
8.The Seller hereby undertakes that none of the Proceeds
the L
8. T he S eller her e b y under ta k es tha t none of the P roc eeds the Lot and other forms of publicizing the Lot, the arrange- - pa n y sh a l l h a v e th e r i gh t to r ef use to r eturn s uc h L ot un ti l th e ind e mnit ie s aft e r d e du ct in g the Comp an y ' s e xp e nse s (ot he r 3.To settle claims brought by the Buyer or the Seller in accor- Bi dder s a r e a w a r e of thi s a nd bea r th e r esponsi
Bidders are aware of this and bear the responsibilities of
claims brought b
or the S
ot and other forms of publicizin
ot
y the Buyer
ge
indemnities after deducting the Company's expenses (other
3.
eller in accor-
pany shall have the right to refuse to return such Lot until the
T
of Sale will be transferred to or used for the beneﬁt of any
ds of
g and testin
of S ale will be transf err ed to or used for the beneﬁ t of an y ment in the promotional activities as well as the standards of dispute is settled. than the Commission) to the S eller after the Comp an y ob- dance with the relevant articles hereof; and inspecting and testing the original Lots so that Bidders will
ill
ticles her
g the original L
inspectin
dance with the r
s w
dispute is settled.
ots so that Bidder
; and
elev
ant ar
ment in the promotional activities as well as the standar
than the Commission) to the Seller after the Company ob-
eof
yable e
tains such indemnities from the insurance compan
S Sanctioned Person(s), nor will any party involved in the trans- payable expenses; tains such indemnities from the insurance company. y . 4. T o tak e other necessar y measur es to collect the outstand- be satisﬁ ed with those L ots in which they ma y be inter ested.
son(s), nor will an
xpenses;
4.To take other necessary measures to collect the outstand-
anctioned P
y par
pa
er
ty involved in the trans-
be satisﬁed with those Lots in which they may be interested.
g
ﬁ
n
c
ti
c
n
y the Buyer to the S
'S WITHDRA

o
l
n
i
udi
tuti
w
i
AR
o
AL OF L
r
s
der
W
r
TICLE 12 THE SELLER
a
t
f
2. All Lots for sale by the Company are available for viewing
r
s
f
a action including ﬁnancial institutions, freight forwarders or r 4. S uitability of a L ot for auction b y the Compan y; ARTICLE 12 THE SELLER'S WITHDRAWAL OF LOT ing payment owed by the Buyer to the Seller. . 2. All L ots for sale b y the Compan y ar e a v ailable for viewin g

,
in
t

o
ei
n
gh
a
i
c
o
4.Suitability of a Lot for auction by the Company;
OT
eller
n

n
a
yment owed b
g pa
l

i
s
n

g
s such as the date of auction, the place of auc
ty
s. By biddin
din
ar
.
Other matter
ag
b
OHIBITI
y Bidder
ON
ar
ot at an
anctioned
g, Bidder
e a S
AR
ents or an
y other p
y time prior to the
w
eller ma
w the L
he S
TICLE 19 BIDDING PR
s and/or their agents ar
y withdra
e
other for
other forwarding agents or any other party be a Sanctioned 5 5.Other matters such as the date of auction, the place of auc- - T The Seller may withdraw the Lot at any time prior to the ARTICLE 19 BIDDING PROHIBITION b by Bidders. By bidding, Bidders and/or their agents are
ot

ﬔ
P Person(s) nor owned (or partly owned) or controlled by a tion, the conditions of auction and the manner of auction. Auction D ate b y issuin g a written notice to the Compan y . ﬔe Seller shall not bid for the Lot consigned to the Company y AR TICLE 27 UNS OLD OR UNC OLLE CTED L OT deemed to ha ve carried out thorough e x amination of the
tion, the conditions of auction and the manner of auction.
not
er
to
consigned
the
bid
Compan
eller
S
Auction Date by issuing a written notice to the Company.
ARTICLE 27 UNSOLD OR UNCOLLECTED LOT
tly owned) or controlled b
the
L
shall
e
for
y a
deemed to have carried out thorough examination of the
son(s) nor owned (or par
an
Compan
son(s), unless such activity is authorized in
a
1.In the event that the L
deemed
ith
onditions
for
y
c
w
nor
be
In the case that the Lot has been listed in the catalogue or
dela
of
not
e
ar
e
the
y
self/itse
nd
y
y ma
ﬔ

ots,
b
himself/her
shall
in

an
lf for auction, or authorize
S
Sanctioned Person(s), unless such activity is authorized in ﬔe Company shall not be liable for any delay in meeting nor In the case that the L ot has been listed in the catalogue or by himself/herself/itself for auction, or authorize any other r 1.In the event that the Lot is not sold, the Company may y L Lots, and are deemed to be satisﬁed with the conditions of
to
meetin
liable
be

othe
er
satisﬁ
ed
anctioned P
y
ot is not sold, the Compan
y
g
ve and sell
eser
eller on the r
failure to meet its obligations under the consignment auction
-negotiate with the S
g b
to be printed at
y the government authority ha
e
other public materials and they ha
evised R
g jurisdiction over
r
the Lots and the accuracy of their description.
vin
writing by the government authority having jurisdiction over failur e to meet its obligations under the consignment auction other public materials and they have begun to be printed at per son to bid on his/her/its behalf . Only the Compan y has re-negotiate with the Seller on the revised Reserve and sell the L ots and the accuracy of their description.
writin
person to bid on his/her/its behalf. Only the Company has
ve begun
contract (including without limitation the postponement or
3. Bidders acknowledge that various Lots are dated long time
the right to bid on behalf of the Seller at a price not more
the Lot in private sale, and pay the Seller the Proceeds of
the transaction or in applicable la w or r egulation. contract (includin g without limitation the p ostponement or the time of the withdra w al of the L ot , the S eller shall pa y an the right to bid on behalf of the S eller at a price not mor e the L ot in priv a te sa le, a nd pa y the S eller the P roc eeds of 3. Bidder s a c know ledge tha t v a ri ous L ots a r e da ted lon g time
the transaction or in applicable law or regulation.
the time of the withdrawal of the Lot, the Seller shall pay an
than
her
ales adjusted based on the r
all
eller is actin
e
cancellation of any auction) and may terminate its obliga-
9.
W
9.Where the Seller is acting as Agent (for the purposes of cancellation of an y auction) and ma y terminate its obliga- amount equal to 20% of the R eser ve of the L ot and all other than the Reserve. ﬔe Seller shall bear all legal liabilities and S Sales adjusted based on the revised Reserve. ago and of special categories, implyin g that the L ots ar e not
ago and of special categories, implying that the Lots are not
eser
legal
liabilities
eser
amount equal to 20% of the Reserve of the Lot and all other
evised R
bear
eller
e the S
S
and
shall
ﬔ

ve.
the
R
g as Agent (for the purposes of
ve.
ipa
an
def
Ar
y
tic
ot
xpenses.
r
ty (the "
fails
ell-
2.
e
to
rinc
er the
f
this Article, the "Agent") for another party (the "Principal") ) tions under the consignment auction contract to offer the expenses. In the case that the catalogue or other public ma- compensate for all losses caused to the Company if the Sell- 2.ﬔe Company will send the Seller a notice if any Lot fails to perfect and not free from defects. All Lots are sold on an"as
L
perf
nother pa
this
P
In the case that the catalogue or other public ma-
y
"as
le, the "
") for a
tions under the consignment auction contract to of
eller
ect and
send
Agent
not fr
ots ar
a
Compan
notice
e sold on an
ee from
the
y if the S
compensate for all losses caused to the Compan

ects. All L

l"
if
e
ﬔ
will
S
is" basis at the time of the auction (whether or not Bidder
terials have not been printed, the Seller shall pay an amount
auc
y auction, as a r
sell a
tely pur
t
suant to 1
the Agent w arrants in its own capacity (in addition to the Lot for sale, or cancel or postpone any auction, as a result terials ha ve not been printed, the S eller shall pa y an amount er violates this Ar ticle. sell at auction or privately pursuant to 1 above. Subject to is" basis at the time of the auction (whether or not Bidders
S
esult
above.
L
the Agent warrants in its own capacity (in addition to the
s
a
ot for sale, or cancel or postpone an
ubjec
er violates this Article.
t to
tion or priv
er

d
s
ei
ol
un
th
easonable control or which
of circumstances beyond its r
1
to
on
s
L
ed
ots
ma
i
gn
7.
be
2
e Com

y
ve,
c
a

bo
equal to 10% of the Reserve of the Lot and all other expens-
th
warranties set out above that: (i) the arrangements between
attend the auction). Condition reports may be provided when
w arranties set out above that: (i) the arran gements between of circumstances beyond its reasonable control or which equal to 10% of the R eser ve of the L ot and all other e xpens- 27.1 above, unsold Lots may either be consigned to the Com- - attend the auction). Condition r epor ts ma y be provided when
c
n
i
al
r
ta
i
e
rc
nc
e such performance impracticable, includin
i
es,
ta
ums
xpenses
in
y for
U
od.
i
nder
din
g to the Commission
and
g out of the S
eller's withdra
-sale accor
c
e
er
or claim arisin
per
ARTICLE 20 COMMISSION AND EXPENSES

g
mak
es. An
w
vi
ew
n
g without
dur
g
the Agent and the Principal in relation to the Lot or otherwise
pan
e
th
the Agent and the P rincipal in r elation to the L ot or other wise make such performance impracticable, including without es. Any dispute or claim arising out of the Seller's withdrawal AR TICLE 20 C OMMISSI ON AND E XPENSES pany for re-sale according to the Commission and expenses during the viewing period. Under certain circumstances,
y dispute
limitation any ﬁre, ﬂood, natural disaster, or other act of God;
S
do not, in whole or in part, facilitate tax crimes; (ii) the Agent limitation an y ﬁ r e, ﬂ ood, natural disaster , or other act of God; of the Lot shall be borne by the Seller and has nothing to do U Unless otherwise agreed upon by the Seller and the Compa- sc a le s et out i n the pr evi ous c onsi gnmen t a uc tion c ontr a c t catalogue descriptions and condition reports may be used
the
do
ta
y
eller and the Compa-
nless other
and has nothin
scale set out in the previous consignment auction contract
to
b
do not
eed upon b
, facilitate
borne
L
t
wise agr
g
ts ma
eller
y be used
catalogue descriptions and condition r
shall be
ot
, in whole or in par
epor
y the S
x crimes; (ii) the Agent
of the
n
t
e, or other civil or labour unr
y the S
duc
n
a
y riot
e
ence about cer
i
an
ppr
eller
er
tain def
ted a
h
te c
, strik
. If the S
ef
opr
i
theless,
l
y
, alternatively
to
a
y to deduct 10%
ots. Never
gen
est; transpor
ue di
h has conducted appropriate customer due diligence on the any riot, strike, or other civil or labour unrest; transportation with the Company. y . ny, the Seller shall authorize the Company to deduct 10% or, alternatively, collected by the Seller. If the Seller decides for reference about certain defects of the Lots. Nevertheless,
er
d
or
with the Compan
eller shall authorize the Compan
, the S
for r
tation
m
c
ects of the L
us
o
e o
s
eller decides
, collected b
c
n
Bidders should pay attention that the Lots may have other
ot
of the Hammer P
or other infrastructural incapacitation, or inability to secur
y ma
dance with all app
P Principal in accordance with all applicable anti-money laun- or other infrastructural incapacitation, or inability to secure e of the Hammer Price as Commission and at the same time to collect an unsold Lot, the Company may charge the Seller Bidder s should pa y attention that the L ots ma y ha ve other
eller
licable anti-money laun-
to collect an unsold L
y char
rincip
rice as Commission and at the same time
, the Compan
ge the S
al in accor
xpenses applicable to unsold L
dering, anti-terrorism and sanctions laws and regulations
,
derin g, anti-terrorism and sanctions la w s and r egulations suﬃcient labour, power, essential commodities, or necessary y AR TICLE 13 A UTOMA TIC INSURANCE deduct other e xpenses. Despite the fact that the Compan y is the commission and expenses applicable to unsold Lots in defects not clearly stated in the catalogue descriptions and
the commission and e
ARTICLE 13 AUTOMATIC INSURANCE
cient
or

commodities,
labour
essential

necessar
power
,
deduct other expenses. Despite the fact that the Company is

def
suﬃ
ects not clearly stated in the catalogue descriptions and
ots in
ted
an
w
nless
a
armed
, the S

the S
L
ar
ict
y
S
condition reports.
other
ots
attack;
eller's Agent
,
equipment;
ees that the Compan
y ma
,
or
terrorist
of
the
b
and does not know , and has no r eason to suspect , that the equipment; any act of war, armed conﬂict, or terrorist attack; U Unless otherwise instructed by the Seller in writing, all Lots the Seller's Agent, the Seller agrees that the Company may y accor dance with the consignment auction contract . condition r epor ts.
in w
y
eller
and does not know, and has no reason to suspect, that the
w
ll
g,
nstruc
act
accordance with the consignment auction contract.
conﬂ
ritin
ise i
eller agr
e pol
ot with-
eller fails
der
a
s
y c
4. Regarding the information about the Lot provided to
egulation enacted or ef
l
e Commi
on
a
ec
es f
ed un
xpen
i
r
ur
econsign or collect the L
ti
om the B
c
ot consigned b
a
s
ol
l
y link
c
the S
s
n
utom
l
l
L
f
c
a
ected
Lot consigned by the Agent is connected with or has any link any governmental action or regulation enacted or effected will be automatically covered under the insurance policies collect the Commission and other expenses from the Buyer 3.If the Seller fails either to reconsign or collect the Lot with- 4. R egar din g the information about the L ot provided to
c
w
n
er
i
th
y governmental action or r
s
ov
uyer
e
es
i
n
e i
y the Agent is connected with or has an
t th
an
either to r
er
l
i
be a
d oth
3.If
e
of the
in accordance with the provisions in Article 49 hereof.
ecution
in thirty (30) days of the auction, the Company is released
g without
consignment
, includin
x
purchased by the Company after the Seller enters into the
y criminal activity
to the proceeds of any criminal activity, including without following the execution of the consignment auction contract purc hased b y the Compan y aft er the S eller enter s into the in accor dance with the provisions in Ar ticle 49 her eof . in thir ty (30) da ys of the auction, the Compan y is r eleased Bidder s, includin g an y for ec ast information (w ritten or
to the proceeds of an
auction contract
Bidders, including any forecast information (written or
followin
g
the
limitation tax evasion, money laundering, terrorist activities
from any duty of bailment it may have for such Lot and shall,
verbal), catalogues and other reports, commentaries or
and which is prohibitive or restrictive of the auction(s), the
limitation ta x ev asion, money launderin g, terrorist activities and w hich is prohibitive or r estrictive of the auction(s), the consignment auction contract with the Company and deliv- from an y duty of bailment it ma y ha ve for such L ot and shall, verbal), catalogues and other r epor ts, commentaries or
consignment auction contract with the Compan
y and deliv-
the
other criminal
ontempla
OLD L
alues, such information ar
sa
of
rincipal
activity
TICLE 21 SER
OR UNS
is
y
AR
performa
or that
or
in its sole discr
a
or other criminal activity or that the Principal is under investi- sale of the Lot, or any other performance contemplated by y er s the L ots to the Compan y . T he insur ed amount shall be ARTICLE 21 SERVICE FEE FOR UNSOLD LOT in its sole discretion, be entitled to (i) store the Lot at an estimated values, such information are not statement of
or
ot
e the L
e not statement of
OT
n
the P
L
nc
e c
estimated v
etion, be entitled to (i) stor
ers the Lots to the Company. The insured amount shall be
ted b
,
under investi-
other
VICE FEE F
ot at an
le
with or convicted of without lim-
eed b
facility at the
ve agr
the consignment auction contract; an
S
eller's
eak of disease,
ged
xpense
based on the R
eller and the Compan
independent
gation,
gation, or has been charged with or convicted of without lim- the consignment auction contract; any outbreak of disease, based on the Reserve agreed by the Seller and the Company y In case the Lot is not sold because the bidding price is lower independent storage facility at the Seller's risk and expense fa c ts, but rather a r e statements of the opinion tha t the
char
risk and e
y outbr
storage
g price is lower
eser
or has been
y the S
facts, but rather are statements of the opinion that the
ot is not sold because the biddin
In case the L
in the consignment auction contract (if there is no Reserve, it
torage F
g, terrorist activities or
, quarantine, epidemic, pandemic,
eason-
Company holds. Such information can be altered at the sole
g the S
itation tax evasion, money laundering, terrorist activities or public health emergency, quarantine, epidemic, pandemic, in the consignment auction contract (if ther e is no R eser ve, it than the R eser ve, the S eller shall authorize the Compan y to including the Storage Fee, insurance fees and other reason- Compan y holds. S uch information can be alter ed at the sole
itation ta
includin
ees and other r
f
asion, money launderin
gency
public health emer
x ev
than the Reserve, the Seller shall authorize the Company to
ee, insurance
eed insur
able expenses; or (ii) re-oﬀer the Lot for sale at public auction
criminal activity; and (iii) the Agent
agr
nuclear or chemical contamination, or other condition that
the R
other criminal activity; and (iii) the Agent will disclose to the nuclear or chemical contamination, or other condition that shall be the agreed insured amount of the Lot; if the Reserve char ge the S eller a ser vice f ee for unsuccessful auction and able e xpenses; or (ii) r e -oﬀ er the L ot for sale at public auction discretion of the Company from time to time.
ve
will disclose to the
other
charge the Seller a service fee for unsuccessful auction and
shall
discr
ed amount of
etion of the Compan
y from time to time.
ot; if
the L
be the
eser
it
y or elsewher
Company the identity of the Agent's Principal and the Agent
Compan y the identity of the Agent 's P rincipal and the Ag ent thr eatens the lif e, health, or saf ety of the Compan y's per son- is adjusted, it shall be the original Reserve of the Lot). ﬔe other e xpenses. (at the Company or elsewhere) with a reserve no less than 5. ﬔ e Compan y or the S eller has not made an y declaration

R
L
ot).
5. ﬔe Company or the Seller has not made any declaration
threatens the life, health, or safety of the Company's person-
shall
ve no less than

e
(at the Compan
original
adjusted,
ﬔ
of
other expenses.
the
e) with a r
is
ve
eser
be
eser
the
pa
per
n
at
y
's
y r
ts
to th
t
th
l
pr
el
g on
due di
en
y L
cent
R
s
ﬁ

ed amount is only applicable to insurance and claim for
or w
eser
ft
yi
ot is subject to an
insur
as
it
y copyright
c
consents to the Company relying on the Agent's due dili- i - nel, vendor s, or clients as determined b y the Compan y in its insured amount is only applicable to insurance and claim for ﬁfty per cent (50%) of the Reserve at which it was previously or warranty as to whether any Lot is subject to any copyright
which
of
e Agen
the
n
e Com
(50%)

eviously

nel, vendors, or clients as determined by the Company in its
on
w
arranty as to whether an
ve
ARTICLE 22 PAYMENT OF PROCEEDS OF SALE

easonable discr
ot
ed.
oﬀ
er
gence and the Agent will r etain for a period of not less than 5 r reasonable discretion. compensation, is not the Company's warranty or guarantee AR TICLE 2 2 P A YMENT OF PR OCEEDS OF S ALE oﬀered. or whether the Buyer has bought the copyright of any Lot. .
or whether the Buyer has bought the copyright of any L
compensation, is not the Compan
arranty or guarantee
y's w

gence and the Agent will retain for a period of not less than 5
etion.
alue of the L
ticle 29 (1) to
ejudice to the above, in
ithout pr
W
year s the documentation evidencin g the due diligence. ﬔ e Without prejudice to the above, in the event that the Compa- for the value of the Lot, and does not mean that the Lot can W her e the Buyer eﬀ ec ts f ull pa yment of the P urc ha se P ric e 4.In the eve nt of r e - sale p u r su ant t o 3( ii) ab ove , the Comp an y 6. In accordance with the matters contained in Article 29 (1) to
years the documentation evidencing the due diligence. ﬔe
6. In accor
4.In the event of re-sale pursuant to 3(ii) above, the Company
, and does not mean that the L
Where the Buyer eﬀects full payment of the Purchase Price
ot
s contained in Ar
for the v
dance with the matter
ot can
the event that the Compa-
h
s
i
th
emp
ed amount through
be sold for an amount equal to the insur
es
tion
s
o
s
x
x
c
deter
eduled
pen
e
m
Agent will make such documentation promptly available for
Agent will mak e such documentation promptly a v ailable for ny determines not to conduct an auction on the scheduled be sold for an amount equal to the insured amount through to the Compan y in accor dance with the provisions in Ar ticle shall be entitled to deduct the commissions and expenses 29 (5) of the Conditions of Business and the special exemption
s
i
s
h
y
om
a
n
ti

a
n
not
a
uc
nes
e
h
t t
tion
s
d e
to the Company in accordance with the provisions in Article
to
c
deduc
on
duc
a
tl
29 (5) of the Conditions of Business and the sp
n
t
ed to
mi
l
l
e c
be en
cial e
on
n
y
ty upon
y the Compan
for the unsuccessful auction in accor
eof
immediate inspection b
immediate inspection by an independent third-party upon date as a r esult of circumstances beyond its control or which any auction by the Company. . 49 hereof, the Company shall pay the Proceeds of Sale to for the unsuccessful auction in accordance with the con- contained in Article 30 of the Conditions of Business, the
y auction b
y shall pa
contained in Ar
date as a result of circumstances beyond its control or which
ale to
y an independent thir
an
y the P
, the Compan
dance with the con-
49 her
roceeds of S
d-par
ticle 30 of the Conditions of Business, the
the Company's written request to do so.
e
ts ar
nt
nme
make such performance impracticable, the Company may
ract as we
the Compan y's written r equest to do so. mak e such performance imprac tic able, the Compan y ma y the S e ller thir ty- ﬁ ve da ys aft er the S ale D ate in Hon g K on g signment auction contract as well as the commissions and descriptions in the catalogue and in the condition reports are
he
ct
the Seller thirty-ﬁve days after the Sale Date in Hong Kong
au
sig
ll as t
epor
ion cont
commissions and
descriptions in the catalogue and in the condition r
EMIUM
or
e
dollars.
nc
roceeds of S
written in a reasonably prudent manner (and such should
ale befor
ha
xpenses for the r
AR
n
tform f
a
or c
ge
n
the
e
pla
uc
y a
-sale from the P
10 . ﬔ e Com pa n y r eser v es the r i gh t to s eek i den tiﬁ c a ti on of postpone or cancel any auction, or change the platform for ARTICLE 14 INSURANCE PREMIUM dollar s. e expenses for the re-sale from the Proceeds of Sale before w ritten in a r easonably prudent manner (and such should
10.ﬔe Company reserves the right to seek identiﬁcation of
tion,
or c
TICLE 14 INSURANCE PR
el a
postpone
eceived, and to mak
I
or
b

e
eller
the source of funds received, and to make enquiries about any y or format of any auction (including but not limited to from a a If the Lot is sold, the insurance premium payable by the Seller pa yin g the r emainin g amount to the S eller . be in line with those terms of the Conditions of Business
t
yable b
g but not limited to from
format
source of funds r
e in line with those terms of the Conditions of Business
of
an
e enquiries about an
ot is sold, the insurance pr
h
y the S
paying the remaining amount to the Seller.
f the L
(includin
y auction
emium pa
s
s
b
R
mmer
YMENT
oth
i
a

i
th
l
l

gr
of
unl
c
be
TICLE 23 DEFER
eed
r
AR

A
es
1%
Ha
e
e
ED P
w
e
er
P
ha
ot
y ser
din
the L
only), and
g the Compan
g with the Compan
r
y
5.In the event a L
. If the Compan
the sale of
egar
live auction to an
person transacting with the Company. If the Company has not live auction to an online auction only), and the sale of the Lot s shall be 1% of the Hammer Price unless otherwise agreed by y ARTICLE 23 DEFERRED PAYMENT 5.In the event a Lot has been deposited with the Company y regarding the Company serving as Auction Agent) based on
per
y has not
ot has been deposited with the Compan
vin
g as Auction Agent) based on
online auction
son transactin
omp
S
an
e
t
eller to the Compan
y the S
Where the Company does not receive the full payment of the
r and
e
lle
C
lle
he
ot
he
L
he
for more than one year and the owner has neither collected
is not
completed its enquiries in respect of anti-money laundering, an-
completed its enquiries in r espect of anti-money launderin g, an- shall be subject to these Conditions of Business applicable the Seller and the Company. If the Lot is not sold, the Seller r W her e the Compa n y does not r ec eive the full pa yment of the for mor e than one year and the owner has neither collected (1) the information provided by the Seller to the Company; (2)
shall be subject to these Conditions of Business applicable
t
sold
he
, t
. If t
y; (2)
(1) the information provided b
S
y
ﬁ

checks
to the auction in which the L
other
s
appropriate
as
academic and technical knowledge (if any); and (3) generally
ot will be placed.
or
g
y of the pa
nancin

xpir
it
consider
rice from the Buyer upon the e
ti-terrorist ﬁnancing or other checks as it considers appropriate to the auction in which the Lot will be placed. shall as well pa y the insurance pr emium at 1% of the R eser ve. P Purchase Price from the Buyer upon the expiry of the payment it nor consigned it for sale, the Compan y shall be entitled to academic and technical knowledge (if an y); and (3) generally
yment
it nor consigned it for sale, the Company shall be entitled to
ti-terrorist
shall as well pay the insurance premium at 1% of the Reserve.
urchase P
eller is actin
period under Article 51 hereof, the Company will pay the Pro-
, the
concerning the Seller or where the Seller is acting as Agent, the period under Ar tic le 51 her eof , the Compa n y w ill pa y the P ro- sell such property at auction (at the Company or elsewhere) accepted opinions of the r elev ant e xper ts.
g as Agent
sell such proper
e the S
g the S
y or elsewher
concernin
e)
eller or wher
ty at auction (at the Compan
accepted opinions of the relevant experts.
er
d-
ale to the S
n
UCTI
e o
OT A
's
eller within seven work
n
a
l
e to
ti
a
ys
o
ys after
OT N
s
c
a
in
ty (6
x
uc
h
ter
th
AR
Agent and its P
g da
ceeds of S
s
TICLE 10 L
i
e ow
Agent and its Principal, or the Buyer to the Company's satisfac- - ARTICLE 10 LOT NOT AUCTIONED AR TICLE 15 INSURANCE PER I OD ceeds of Sale to the Seller within seven working days after after sixty (60) days notice of such sale to the owner's ad-
f
0
s
) da
rincipal, or the Buyer to the Compan
f
ARTICLE 15 INSURANCE PERIOD
ONED
y's satisfac
S
th
ti
dress, with estimates and reserves at the Company's discre-

eller
tion at its discretion, the Company shall be entitled either not to After the Seller has signed the consignment auction contract I If the Lot is sold in the auction, the insurance period shall l l receipt of full payment of the Purchase Price from the Buyer. . dr ess, with estimates and r eser ves at the Compan y's discr e - AR TICLE 30 THE C OMP ANY 'S E XEMP TI ON AND
y shall be entitled either not to
has
e i
er
, th
rice from the Buyer
ARTICLE 30 THE COMPANY'S EXEMPTION AND
tion at its discr
the
on
yment of the P
s
ot i
d i
consignment
a
eceipt of full pa
etion, the Compan
n
urchase P
a
s
sol
r
ur
Aft
auction
n
contract
e per
e a
n
i
f
e L
od s
uc
th
the
signed
h
c
ES
R
ON OF R
ESPONSIBILITIES TO THE BUYER
TR
ICTI
with
, as appropriate, and to
terminate at the earlier of the seventh day after the Sale Date
tion.
eason
y
complete or to cancel the sale of an
complete or to cancel the sale of any lot, as appropriate, and to with and delivered the Lot to the Company, if for any reason terminate at the earlier of the seventh da y aft er the S ale D ate tion. RESTRICTION OF RESPONSIBILITIES TO THE BUYER
ed the L
y lot
and deliver
y r
ot to the Compan
, if for an
eturn
ther action r
ate) and the date when the Buyer collects
, it shall r
y consider
the Company believes that the Lot is not suitable for auction
ot as for
y fur
(includin
ger
y
s the L
ale D
6.Any re-sale of unsold Lots or sale of uncollected Lots shall
take any further action required or permitted under applicable the Compan y believes that the L ot is not suitable for auction (including the Sale Date) and the date when the Buyer collects ARTICLE 24 SELLER TAXES 6.An y r e -sale of unsold L ots or sale of uncollected L ots shall 1. If the Company considers the Lot as forgery, it shall return
XES
1. If the Compan
TICLE 24 SELLER T
A
ed or permitted under applica
equir
AR
ble
g the S
tak
e an
eller shall pa
w without an
la
es to the government for the P
law without any liability to the Seller. . by the Company, the Seller shall collect the Lot within thirty the L ot . If the L ot is not sold in the auction, the insurance period ﬔe Seller shall pay taxes to the government for the Proceeds be conducted under these Conditions of Business applicable the Hammer P rice and Buyer's Commission to the Buyer .
eller
the Hammer Price and Buyer's Commission to the Buyer.
e S
y ta
x
y liability to the S

ﬔ
n
ec
t th
e S
e Compa
th
y th
l
el
be conducted under these Conditions of Business applicable
th
ot w
n
y
,
e L
roceeds
i
i
th
l
c
b
ty
s
ol
l
a
l
the Lot. If the Lot is not sold in the auction, the insurance period
h
r
er
i
Comp
t a
'
s contained in Ar
n
2. S
uc
s notice (f
y
ti
e r
el
on
ubject to the matter
ev
a
an
of Sale obtained. If the Company has an obligation to with-
f
o
e
es
s
y
l
a
to th
s
shall terminate upon the expiry of thirty days after the Company
a
h
s
uc
es
e l
l
da
issuance date of the
11.If the Seller violates any of the above warranties and
oc
e pr
ticle 29 of the
h
s from the
eeds
11.If the S elle r violates an y of the above w arranties and days from the issuance date of the Company's notice (fees shall terminate upon the e xpir y of thir ty da ys aft er the Compan y of S a l e obta i n ed. I f th e Compa n y ha s a n obl i ga ti on to w i th - to the relevant auction. The proceeds of such sale less all l 2. Subject to the matters contained in Article 29 of the
. T
Ar
ticle 30
eller's own
issues the notice on the collection of the L
gs, the S
ed b
tak
undertakings, the Seller shall fully indemnify all losses, costs for packaging and transportation shall be at the Seller's own issues the notice on the collection of the Lot. . hold and pa y ta x es accor din g to the provisions of the r ele - costs incurred by the Company will be forfeited unless col- Conditions of Business and the rules in Article 30 (1) and 30
the rules in
be at
costs incurr
(1) and
hold and pay taxes according to the provisions of the rele-
in
under
the S
30
tation shall
y will be forf
Business and
g and
agin
y the Compan
eller shall fully indemnify all losses, costs
pack
for
eited unless col-
ot
Conditions of
transpor
y shall not:
he consignment auction contract between the
(5) of the Conditions of Business, the Compan
provisions of the
y
la
xpense). T
ws, the Compan
ws.
and e xpenses suﬀ er ed b y the Compan y and/or the Buyer . e expense). The consignment auction contract between the v vant laws, the Company will follow the provisions of the laws. lected b y the S eller within two year s of the sale. (5) of the Conditions of Business, the Company shall not:
will follow the
ant la
and expenses suﬀered by the Company and/or the Buyer.
lected by the Seller within two years of the sale.
po
shall
s
i
e
handlin
r
terminate on the date when the
a
i
on
s
s
ﬔ

and
es
bear
i
Seller and the Company will terminate on the date when the ARTICLE 16 INSURANCE BY THE SELLER ﬔe Seller shall assist in handling all the formalities and bear (1) be responsible for any errors or omissions in the
S
bl
AR
e f
eller
th
eller and the Compan
TICLE 16 INSURANCE B
n
all
o
S
s
g
the
n
o
r
formalities
om
be r
r
o
e
s
(1
assist
i
n
r
)
in
y will
y er
Y THE SELLER
the corr
es and e
TICLE 28 R
information provided by the Company to the Bidder verbally
In the event that the Seller notiﬁes the Company in writing
-mentioned
L
xpenses.
g
espondin
the
ot
AR TICLE 8 R ESER VE S Seller collects the Lot. If during the above-mentioned period In the event that the S eller notiﬁ es the Compan y in writin g the corresponding taxes and expenses. ARTICLE 28 RISK ASSUMPTION information provided b y the Compan y to the Bidder verbally
ARTICLE 8 RESERVE
SSUMP
ISK A
g ta
above
AR
. If durin
eller
ON
period
x
collects the
TI
or in writing, no matter whether this is caused by negligence
he S
eller shall assume liability for all risks and e
xpenses
T
not to insur
e all the risks and the
ot
, it shall under
the Seller fails to collect the Lot, the consignment auction
e the
L
1. U nless other w is e a gr eed upon b y the Compa n y a nd the the S eller fails to collec t the L ot , the consignment auction not to insure the Lot, it shall undertake all the risks and the The Seller shall assume liability for all risks and expenses or in writin g, no matter whether this is caused b y negligence
1.Unless otherwise agreed upon by the Company and the
tak
wise ruled b
u
p
x
all
L
the
on t
,
ve.
e
ﬔ
provision
ANCE IN THE C
rminate
of
te
T
y an
AR

eption
c

eller
eser
e
R
oﬀ
g liabilities at an
ON OF
or
CTI
sons,
that occur after the time limit prescribed herein if the Seller
ea
other
er
ed

followin
subject
ith
OLLE
y time (unless other
R
he
eser
ots
w
e
to
iration of
xp
e
a
ar
ract
tomatically
c
TICLE 25 A
Seller, all Lots are oﬀered subject to a Reserve. ﬔe Reserve contract will automatically terminate upon the expiration of following liabilities at any time (unless otherwise ruled by an ARTICLE 25 ASSISTANCE IN THE COLLECTION OF that occur aft er the time limit pr escribed her ein if the S eller or other reasons, with the exception of provision contained
S
cont
onta
SSIS
ve
will au
ined
OUTSTANDING PAYMENT
fails to take back the Lot not auctioned or the unsold Lot
such period. If within seven days after the termination of the
arbitration institution):
shall be determined b y the S eller and the Compan y in writin g such period. If within seven da ys aft er the termination of the arbitration institution): OUT S T ANDING P A YMENT fails to tak e back the L ot not auctioned or the unsold L ot in Article 29 (6) of the Conditions of Business;
ticle 29 (6) of the Conditions of Business;
shall be determined by the Seller and the Company in writing
in Ar
s
of
shall,
at
i
its
e
s
e S
through consultation, and no modification of the Reserve
i
t
el
ty
ﬔ
th
. T

l
er
n
a
mi
i
i
l
i
bi
consignment
e ti
the
s
time
h
ume l
s
l
S
l
a
to
eller
1.To compensate for any claim or action brought by any other
L
ot
me l
(2) make any guarantee or warranty to the Bidder, excluding
a
h
consignment auction contract the Seller does not collect the
through c onsulta tion, a nd no modif ic a tion of the R eser ve consignment auction contract the S eller does not collect the 1. T o compensate for an y claim or action brought b y an y other ﬔe Seller shall, at the time of its consignment of the Lot to w within such the time limit. The Seller shall assume liability (2) mak e an y guarantee or w arranty to the Bidder , e x cludin g
uc
h
of
th
the
par
i
on
h
y implied w
o
s
i
ut
essed
th
o
s shall be made without the prior consent of the other party L Lot, the Company shall have the right to charge the Storage parties against the Company with respect to the damage or the Compan y for auction, be deemed to ha ve authorized the for all risks and e xpenses of the L ot not auctioned or the un- any implied warranty and rules other than the expressed
c
torage
for all risks and expenses of the Lot not auctioned or the un-
r
xpr
t
e pr
arranty and rules other than the e
an
ties against the Compan
be m
h
e o
l
ot
espect to the damage or
f
t
y shall ha
l
r
ty
the Company for auction, be deemed to have authorized the
ve the right to char
h
a
th
pa
er
y with r
, the Compan
a
en
ge the S
de w
t o
Compan
after it is determined by both parties.
ot;
g outstandin
destruction of the L
enses, and to
warranty that the Seller has entrusted the Company to make
r r
aft er it is determined b y both par ties. F Fee, insurance fees and other reasonable expenses, and to destruction of the Lot; Company to demand the corresponding outstanding pay- sold L ot at the earlier of the thir tieth da y aft er the Compan y w arranty that the S eller has entrusted the Compan y to mak e
y to demand the corr
sold Lot at the earlier of the thirtieth day after the Company
xp
le e
y-
ee, insurance f
espondin
g pa
easonab
ees and othe

a
y
the
c
of
ea
h
eed in w
2.To compensate the Company and/or any other parties for
eser
y
the
L
in
proper
ot
ritin
deems
issues notice on collection of the Lot to the Seller (including
R
a
ﬔ
.
for
Compan

to the
dispose
ve
the
g,
w
x
Buyer
2.Unless otherwise agreed in writing, the Reserve for each dispose of the Lot in a way the Company deems proper. ﬔe e 2. T o comp e nsat e t he Comp an y and /or an y othe r p ar t ies for ment from the Buyer on behalf of the Seller. Where the Buyer issues notice on collection of the L ot to the S eller (includin g to the Buyer (with the exception of those responsibilities that
w
ment from the Buyer on behalf of the S
those r
a
her
nless
eller
U
the e
esponsibilities that
e the Buyer
2.
. W
gr
ception of
(with
other
ise
the
e
L Lot will be equal to seventy ﬁve per cent (75%) of the low pre- - S Seller is responsible for the collection of, if any, the amount all losses suﬀ er ed and all e xpenses incurr ed because of the fails t o fu lly p a y the P u rchase P rice within se ve n da y s aft e r the notice date) and the time when the S eller collects the cannot be dischar ged accor din g to the stipulations of la ws);
amount
will
of
per
to
the notice date) and the time when the Seller collects the
ﬁ
fails to fully pay the Purchase Price within seven days after
cent
tion
eller
, the
ve

y
an
ot
for the c
low
ollec
all losses suﬀered and all expenses incurred because of the
be
esponsible
r
,
is
if
(75%)
of
pr
cannot be discharged according to the stipulations of laws);
equal
seventy
ot in accor
g
f
e
y Bidder for an
the S
all
ale D
the
ate), the Compan
obtained
ot caused b
y an
disposal
her
ees

dance with these Conditions of Business. W
ed to the S

g the S
the
sale estimate notiﬁed to the Seller. . obtained from the disposal after deducting all the fees and damage or destruction of the Lot caused by any reason; and the Sale Date (including the Sale Date), the Company shall L Lot in accordance with these Conditions of Business. Where (3) be accountable to any Bidder for any actions or omissions
damage or destruction of the L
y shall
y actions or omissions
aft
and
er
eason; and
(3) be accountable to an

eller
sale estimate notiﬁ
ate (includin
ale D
y r
from
deductin

have the right to demand the Commission and other Buyer's
ed b
of the Company regarding the auction or the sale of any Lot (no
3.No Reserve may exceed the Lot's final low pre-sale esti-
xpenses incurr
3.To notify the compensation related provisions herein to any
y the Compan
the Seller requests Company to assist it in the return of the
3.No R eser ve ma y e x ceed the L ot 's final low pr e -sale esti- e expenses incurred by the Company. y . 3. T o notify the compensation r elated provisions her ein to an y ha ve the right to demand the Commission and other Buyer's the S eller r equests Compan y to assist it in the r eturn of the of the Compan y r egar din g the auction or the sale of an y L ot (no
event
easons).
insur
eof
xpenses accor
mate announced or published by the Company. In the event insurer of the Lot. . E Expenses according to the provisions of Article 58 hereof. . Lot within the time limit provided herein and the Company y matter whether this is caused by negligence or other reasons).
y negligence or other r
L
din
. In the
ticle 58 her
b
ot within the time limit provided her
y the Compan
ein and the Compan
er of the L
matter whether this is caused b
y
mate announced or published
ot
g to the provisions of Ar
ARTICLE 11 SUSPENSION OF AUCTION
In addition, the Company shall as well have the right to take
so agrees, the Seller shall assume liability for all risks and
of a R eser ve agr eed in a curr ency other than Hon g K on g AR TICLE 11 SU SPENSI ON OF A UCTI ON In addition, the Compan y shall as well ha ve the right to tak e so agr ees, the S eller shall assume liability for all risks and 3. U nless the Compan y owns the L ot to be sold, it shall not
3. Unless the Company owns the Lot to be sold, it shall not
of a Reserve agreed in a currency other than Hong Kong
ARTICLE 17 INSURANCE DISCLAIMER
an
ter
to
e
ge rate, the
a

ea
f
th
eement on the e
y
Compan
suspend
y
th
e pl
t oc
e L
a
has
L
ot
o
t l
be responsible for any breach of the Conditions of Business
ﬔ
i
appropriate actions (including but not limited to resorting
right
e des
g-
the
v
auction
x
es
dollar
s without written agr
a
chan
x
the
of
c
th
es
c
dollars without written agreement on the exchange rate, the ﬔe Company has the right to suspend the auction of any Lot AR TICLE 17 INSURANCE DIS CL AIMER appropriate actions (includin g but not limited to r esor tin g e expenses that occur after the Lot leaves the place desig- be r esponsible for an y br each of the Conditions of Business
pens
ur
. U
at any time before the actual auction in any one of the follow-
R Reserve shall be an amount equal to the Hong Kong dollar at an y time befor e the actual auction in an y one of the follow- ﬔe damage or destruction of the Lot caused by natural wear, , to legal proceedin gs) to assist the S eller in collectin g such nated by the Company. Unless the Seller specifically gives b by the Seller. .
to legal proceedings) to assist the Seller in collecting such
wear
eller specifically gives
y
nless the S
L
ot
of
the
caused
g K
b
ve shall be an amount equal to the Hon
y the Compan
ﬔ
e
y the S

damage
nated b
destruction
eller
or
on
natural
eser
y
g dollar

ec
a
ﬀ
emium in adv

es
n
m
g
er e
Ar

ti
verage telegraphic transf

,
c
f

ge of sub-
out
ent fla
th
an indication and pa
inher
ws, internal or potential def
i
a
o
outstanding payment from the Buyer where it is deemed by
equiv
ects, chan
th
es
l
alent based on the a
ul
3
r
0
ance, the
e
W
i
a

n
c
ys insurance pr
)
.
ti
(2
equivalent based on the average telegraphic transfer ex- x- in g situations: inherent flaws, internal or potential defects, change of sub- outstandin g p a yment from the Buy er whe r e it is de emed b y an indication and pays insurance premium in advance, the 4 4. Without aﬀecting Article 30 (2) of these rules, any claim
y
e
l
ing situations:
y
for compensation that the Bidder makes to the Company
b
HSBC
e
Compan

tieth
rate
1.
thir
oﬀ
chan
ys
ge
change rate oﬀered by HSBC on the thirtieth calendar days 1.ﬔe Company has an objection to the ownership or authen- stance itself, self-combustion, self-heating, oxidation, corrosion, the Company to be practicable. ﬔe above provision does not Compan y has no obligation to ensur e the L ot for an y period for compensation that the Bidder mak es to the Compan y
calendar
ed
da
ﬔ

er
on
the
to
objection
an
xidation, corrosion,
owner
g, o
the
y
to
y
be
practicable.
the
has
stance itself
authen-
Company has no obligation to ensure the Lot for any period
provision
not
does
, self-combustion, self-heatin

ﬔ
e
or
ship
above
Compan
ts

y
the
Comp

ar
the
ticity of the L
pr ecedin g the auction. ticity of the Lot; leakage, rat-bite, worm-bite, change in the atmosphere (climate e exclude the Seller's right to demand in person or authorize after it departs from the place designated by the Company. . or the S eller shall be limited to the Hammer P rice and the
preceding the auction.
b
from
d
e (climate
desig
aft

or the Seller shall be limited to the Hammer Price and the
age, rat-bite, worm-bite, chan
leak
son or authorize

an
it
dep
r
y
e
ge in the atmospher
ot;
eller's right to demand in per
p
x
lace
nate
clude the S
it in r
sts t
um
d pa
the
or air temperatur
th
ta
e
thir
uyer
c
e L
d t
je
ction to the owne
o
.
en
t
e
c
Comp
e o
ym
h
ollowin
S
y th
r
di
s
e of the L
ge in humidity or temperatur
i
r
n
s
r
i
or
ship
n
W
r
g pa
ar
ta
g the biddin
f
he
uts
mm
ty t
n
o
n
e), chan
ot authorized b
o
he
U
o assist
es
n
c
a
r
o dem
s
2.An
i
e, or other
4.F
o
q
ty has an ob
4.Following the bidding failure of the Lot authorized by the 2.Any third party has an objection to the ownership or or air temperature), change in humidity or temperature, or other a any third party to demand the outstanding payment from Where the Seller requests the Company to assist it in re- e - B Buyer's Commission of the Lot. Under no circumstances
y
n
Co
r r
g failur
an
n
n
y the
t
y
u
i
e
d p
lle
m
r
e
der
o
's
t f
ot a
y to demand
S
ev
ha
shall the Comp
turning the Lot by means of post, express delivery or other
c
quential
denc
an
i
the Buyer and does not obligate the Compan
i
a
n
and the S
Seller, the Auctioneer shall have the right to sell such Lot at authenticity of the Lot and can provide relevant evidence e gr a d ua l c h a n ges o r c a u s ed b y f or c e m a j eur e s uc h a s ea r th - the Buyer and does not obligate the Company to demand turnin g the L ot b y mea ns of post , e xpr ess del iver y or other shall the Company and the Seller bear any consequential
y conse
a
ve the right to sell such L
e L
t ev
y
n pr
d c
ov
ty of
enti
ot at
, the Auctioneer shall
i
de r
eller bear an
el
a
gradual changes or caused by force majeure such as earth-
n
uth
th
eller
er
tsunami,
,
h objec
a

hostile
,
ft
R
ma
ict
sec
ar
y

the corresponding outstanding payment from the Buyer on
pa
urity
suc
e,

y the Buyer

tion

losses incurr
thir
teria
a
tion,
armed
as
eser
pa
uc
d-par
ve
terrorism,
eller
h
the
the Reserve after such auction and the Seller must pay the materials as to the basis of such objection, pays a security quake, tsunami, war, hostile action, armed conﬂict, terrorism, the corr espondin g outstandin g pa yment from the Buyer on third-party transportation, the Company shall be deemed losses incurred by the Buyer. .
suc
S
y shall be deemed
ys a
w
quak
the
ls
the
nd
conﬂ
action,
must
ed b
to the basis
of
tation, the Compan
ty transpor
a
uctione
to
sua
A
coup, strike and social riot, or nuclear radiation or radioactive
, and the S
ve r
eller shall be
mstance
a
nt
Commission to the
eturned
equir
the L
r
shall the
ements
deemed
y's
to
to ha
er
. In no circu
behalf of the Seller under any circumstance. ﬔis Company
g
illin
to the
Commission to the Auctioneer. In no circumstance shall the pursuant to the Company's requirements and is willing to coup, strik e and social riot , or nuclear radiation or radioactive behalf of the S eller under a n y c irc umsta nc e. ﬔ is Compa n y to have returned the Lot, and the Seller shall be deemed to
Compan
is w
nd
ot
pur
Company bear any liability for failure to sell the Lot at the take the corresponding liabilities for the legal consequences pollution as well as the damage or destruction of book frames, shall not bear the corr esp ondin g liability for the S e ller b e - have collected the Lot upon the Company's delivery of the ARTICLE 31 CATALOGUE AND OTHER EXPLANATION
shall not bear the corresponding liability for the Seller be-
XPL
Compan
AL
as the damage or
ANA
A
TI
T
ON
y liability for failur
book frames,
OGUE AND OTHER E
destruction of
y bear an
L
n

y's
g liabilities for
e to sell the L
ot
ver
upon
deli
tak
ha
AR
of

ol
y
e
c
th
the legal
consequences
e
ve
lec
th
TICLE 31 C
e
ot at the

espondin
th
e the corr
pollution as well
Compa
ted
OT
OF THE L
ess deliver
t pages,
estles, mountin
y the Compan
R
Reserve at the auction held by the Company. y . and all losses caused b y the suspension of auction; glass, drawers, bottom pads, trestles, mountings, insert pages, cause of the Buyer's failur e to pa y the P urchase P rice under L Lot to the post, express delivery and transportation entities, OF THE LOT
post
y and transpor
glass, dra
and all losses caused by the suspension of auction;
to the
ot
s, bottom pads, tr
tation entities,
eser
ve at the auction held b
cause of the Buyer's failure to pay the Purchase Price under
xpr
wer
gs, inser
, e
a
y an
n
of
to
ces.
pr
y r
e
objec
brieﬂ
Compan
r
e
y circumstance.
atalogue
epa
the
xpla
Compa
eason
3.The Company has an objection to the explanation of the scroll heads or other similar accessories caused by any reason any circumstance. companies or their employees/branch oﬃces. ﬔe Company shall prepare a catalogue of the Lot to brieﬂy y
sha
to
3.
n

ﬔ
the
T
e
ot

L
y h
a
y
an

a
na
c
tion
the
he
s
of

scroll heads or other similar accessories caused b

tion
companies or their employees/branch oﬃ
TICLE 9 THE C
he afor
eller's w
the L
arranty mentioned in
'S DIS
onditions of
e
CR
is not within the scope of insurance coverage. T
ith w
eller or the accuracy of the S
ANY
the c
introduc
ds
or
TI
esaid
E
ON
and/or
ot w
ARTICLE 9 THE COMPANY'S DISCRETION S Seller or the accuracy of the Seller's warranty mentioned in is not within the scope of insurance coverage. The aforesaid introduce the conditions of the Lot with words and/or
OMP
AR
e
eof
ts
TICLE 26 THE C
ticle 7 her
ﬔe Company may decide the following matters at its abso- Article 7 hereof; ; risks should be borne b y the S eller . ARTICLE 26 THE COMPANY'S DISCRETION CHAP TER III THE BIDDER AND THE BUYER pictur es to facilitate the Bidder and S eller to par ticipate in
ﬔ
o-

bs
Ar
AR
OMP
a
E
tter
ma
ma
CHAPTER III THE BIDDER AND THE BUYER
pictures to facilitate the Bidder and Seller to participate in
'S DIS
TI
the
dec
y
n
ol
low
i
n
i
CR
g
f
risks should be borne by the Seller.
t
i
Compa
ANY
de
a
s
ON
y
E
ds
lute discretion:
lute discr etion: 4.An y evidence proves the S eller has violated or will violate ﬔe Company shall have the right to accept the Seller's au- the auction held by the Company. ﬔe words and Estimate
the
y
an
wor
and
b
held
e
.

the
Comp
auction
4.Any evidence proves the Seller has violated or will violate
stimate
y
ﬔ
the
sha
ll
S
ept
y
h

c
el
n
t
u-
e
ﬔ
ler's
the
Compa
r
a
igh
to
ve
a
c

a
1.E xplanation a nd/or a ppra isa l of an y a spec t of a n y L ot any provisions of these Conditions of Business; ARTICLE 18 INSURANCE INDEMNITY Y thorization (at the Seller's expenses) and may determine the AR TICLE 29 R ESPONSIBILITIES OF THE BIDDER in the catalogue of the L ot , pictur es, other images as well
ARTICLE 29 RESPONSIBILITIES OF THE BIDDER
1.Explanation and/or appraisal of any aspect of any Lot
in the catalogue of the Lot, pictures, other images as well
AR
TICLE 18 INSURANCE INDEMNIT
eller's
y
determine
thorization (at the
the
e
y provisions of these Conditions of Business;
S
an
xpenses)
and ma
ESPE
or an
An
CT OF THE L
g matter
y damage or destruction of the L
y other r
ot caused b
5.F
through the catalogue of the L ot and/or news media and/or 5.For any other reason, the Company believes that the auc- - Any damage or destruction of the Lot caused by incidents or following matters as the case may be: AND THE COMPANY IN RESPECT OF THE LOT as public materials ar e only r ef er enc es for the Bidder and
eason, the Compan
y believes that the auc
y be:
ANY IN R
AND THE C
OMP
through the catalogue of the Lot and/or news media and/or
followin
y incidents or
as public materials are only references for the Bidder and
s as the case ma
OT
other carrier s; tion of such Lot shall be suspended; or disaster s cover ed b y the insurance purchased b y the Compa- 1. T o agr ee on special conditions of the pa yment of the P ur- 1. ﬔ e Compan y's perception of all L ots par tly r elies on the may be revised before auction. The Company provides
other carriers;
ti
n. T
o
ovi
uc
des
disasters covered by the insurance purchased by the Compa-
s
evi
tion of such L
y pr
1.To agree on special conditions of the payment of the Pur-
n
ma
ot shall be suspended; or
e a
y be r
h
e Compa
ed bef
1. ﬔe Company's perception of all Lots partly relies on the
or
y for the L
n
6.If the Company is aware of any ownership or other dispute
ot sha
c
c
ll be handled in a
W
2.
2.Whether to consult any expert or not; 6.If the Compan y is a w ar e of an y owner ship or other dispute ny for the Lot shall be handled in accordance with the laws of chase Price; information provided by the Seller, the Company is unable no g uarantee for the authenticity , v alue, tone, quality or
hether to consult an
t or not;
xper
y e
or
information provided b
y is unable
no guarantee for the authenticity, value, tone, quality or
, the Compan
eller
y the S
e w
nc
da
s of
w
ith the la
chase P
rice;

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