Page 187 - 重要中國古董珍玩

P. 187

gn
i
or
ed f
o
g c
s
n
a
y out comp
th
Hong Kong on insurance. ﬔe Company shall pay insurance
e Com
ti
uc
,
on
r
n
a
el
ection of all L
3.ﬔe illustration of the Lot in the catalogue, the exhibition of
i
ots.
ti
e L
to th
n
ot bei
ehensive insp
o
r
n
speciﬁ ed b y the S eller . 3. ﬔ e illustration of the L ot in the catalogue, the e xhibition of in relation to the Lot being consigned for auction, the Com- - Hon g K on g on insurance. ﬔ e Compan y shall pa y 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.
2.To remove, store and insure the sold Lot;
and will not carr
speciﬁed by the Seller.
e
he
the

3.To settle claims brought by the Buyer or the Seller in accor-
ot and other forms of publicizin
(ot
ind
e
r
es
s
r
a
nse
8.The Seller hereby undertakes that none of the Proceeds
pany shall have the right to refuse to return such Lot until the
of
ge
a
Bi
is
nd
bea
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 s ha 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 indemnities after deducting the Company's expenses (other r 3. T o settle claims brought b y the Buyer or the S eller in accor- Bidders are aware of this and bear the responsibilities of
g the L
r
of
ot
, the arran

th
w
the

Comp

s
du
a
g
ctin
e
s
bil
xp
'
an
iti
dder
y
e
s
ie
e
aft
esponsi
e
mnit
a

d
the L
r
r

e
eof
of Sale will be transferred to or used for the beneﬁt of any
ots so that Bidder
; and
s w
ment in the promotional activities as well as the standar
ds of
ill
l L
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
dispute is settled.
elev
ant ar
ticles her
g the origina
than the Commission) to the Seller after the Company ob-
dance with the r
g and testin
inspectin
T
o tak
y par
e other necessar
anctioned P
es to collect the outstand-
tains such indemnities from the insurance compan
4.
payable expenses;
ty involved in the trans-
S Sanctioned Person(s), nor will any party involved in the trans- pa yable e xpenses; tains such indemnities from the insurance company. y . 4.To take other necessary measures to collect the outstand- be satisﬁ ed with those L ots in which they ma y be inter ested.
son(s), nor will an
be satisﬁed with those Lots in which they may be interested.
er
y measur
t
n
i

ti
o
s
n
o
tuti
s
ei
f
gh
r
,
n
udi
g
n
ﬁ
i

n
l
c

a
i
l
i

a
c
n
TICLE 12 THE SELLER
c
OT
a
4.Suitability of a Lot for auction by the Company;
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 in g pa yment owed b y the Buyer to the S eller . 2. All L ots for sale b y the Compan y ar e a v ailable for viewin g
2. All Lots for sale by the Company are available for viewing
ing payment owed by the Buyer to the Seller.
'S WITHDRA
AL OF L
AR
W
f
r
r
w
a
o

o
t
der
s

g, Bidder
eller ma
y withdra
he S
T
w the L
ot at an
TICLE 19 BIDDING PR
ON
AR
OHIBITI
s. By biddin
5
y Bidder
y time prior to the
s and/or their agents ar
.
Other matter
s such as the date of auction, the place of auc
other for w ar din g ag ents or an y other p ar ty b e a S anctioned 5.Other matters such as the date of auction, the place of auc- - 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 e
other forwarding agents or any other party be a Sanctioned
bid
L
OT
P
e
ﬔ
consigned
g a written notice to the Compan
son(s) nor owned (or par
ot
for
y a
the
deemed to have carried out thorough examination of the
CTED L
the
Auction D
S
tion, the conditions of auction and the manner of auction.
er
eller
OLLE
Compan
Person(s) nor owned (or partly owned) or controlled by a tion, the conditions of auction and the manner of auction. Auction Date by issuing a written notice to the Company. . ﬔe Seller shall not bid for the Lot consigned to the Company y ARTICLE 27 UNSOLD OR UNCOLLECTED LOT deemed to ha ve carried out thorough e x amination of the
OLD OR UNC
TICLE 27 UNS
shall
ate b
y
y issuin
tly owned) or controlled b
to
AR

not
ot is not sold, the Compan
an
e
of
deemed
lf for auction, or authorize
othe
y
nor
self/itse
y
be
ar
In the case that the Lot has been listed in the catalogue or
L
satisﬁ
y ma
S
son(s), unless such activity is authorized in
be
1.In the event that the L
ﬔ
not
an
ed
liable
for

ith
w
Compan
himself/her
shall
to
e
y
y
meetin
anctioned P
conditions
nd
er
the
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 b 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 Lots, and are deemed to be satisﬁed with the conditions of
g
dela
ots,

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

2.
tions under the consignment auction contract to of
f
a
S
Ar
er the
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 Compan y if the S ell- 2.ﬔe Company will send the Seller a notice if any Lot fails to perf ect and not fr ee from def ects. All L ots ar e sold on an "as
ot
an
l"
r
compensate for all losses caused to the Company if the Sell-
fails
ty (the "
In the case that the catalogue or other public ma-
ﬔ
Compan
nother pa
will
") for a
ipa
to
send
perfect and not free from defects. All Lots are sold on an"as
tic
ve not been printed,
the Agent warrants in its own capacity (in addition to the L Lot for sale, or cancel or postpone any auction, as a result terials have not been printed, the Seller shall pay an amount er violates this Article. sell at auction or privately pursuant to 1 above. Subject to is" basis at the time of the auction (whether or not Bidder s
the S
suant to 1
eller shall pa
y an amount
the Agent w
auc
t to
above.
terials ha
tely pur
arrants in its own capacity (in addition to the
a
sell a
esult
is" basis at the time of the auction (whether or not Bidders
er violates this Ar
ticle.
y auction, as a r
t
ot for sale, or cancel or postpone an
tion or priv
S
ubjec
of circumstances beyond its reasonable control or which
the auction). Condition r
ed
set out above that:
1
epor
ts ma

ei
arranties
ots
c
ma
ve,
on
un
equal to 10% of the R
a

gements between
7.
s
attend
bo
y
i
gn
th
d
be
ve of the L
s
xpens-
when
er
warranties set out above that: (i) the arrangements between of circumstances beyond its r easonable control or which equal to 10% of the Reserve of the Lot and all other expens- 27.1 above, unsold Lots may either be consigned to the Com- - attend the auction). Condition reports may be provided when
ol
(i) the arran
w
th
to

ot and all other e
2
y be provided
eser
L
e Com
es. An
nder
per
y for
ew
g
the Agent and the P
ta
the Agent and the Principal in relation to the Lot or otherwise make such performance impracticable, including without es. Any dispute or claim arising out of the Seller's withdrawal ARTICLE 20 COMMISSION AND EXPENSES pany for re-sale according to the Commission and expenses during the viewing period. Under certain circumstances,

eller's withdra
g to the Commission
e
ON AND E
AR
al
th
mak
g without
nc
pan
din
e such performance impracticable, includin
g
ums
r
elation to the L
c
e
in
es,
wise
ta
w
xpenses
XPENSES
and
g out of the S
n
c
U
y dispute
ot or other
c
rincipal in r
i
od.
dur
or claim arisin
ir
vi
TICLE 20 C
n
i
-sale accor
er
i
e
OMMISSI
pr
and has nothin
the
y the S
gnmen
b
y
the
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- scale set out in the previous consignment auction contract t catalogue descriptions and condition reports may be used
x crimes; (ii) the Agent
do
limitation any ﬁre, ﬂood, natural disaster, or other act of God;
do not
onsi
sc
epor
catalogue descriptions and condition r
uc
n
borne
tion
et
c
, facilitate
le
evious
eller and the Compa-
t
i
whole or in par
out
ta
c
shall be
wise agr
ts ma
L
t
S
of the
ot
a
nless other
to
eller
s
a
a
, in
ontr
y be used
c
g
eed upon b
theless,
ted a
duc
ots. Never
ef
y to deduct 10%
any riot, strike, or other civil or labour unrest; transportation
n
for r
i
y
l
has conducted appropriate customer due diligence on the e an y riot , strik e, or other civil or labour unr est; transpor tation with the Compan y . n ny, the Seller shall authorize the Company to deduct 10% or , alternatively , collected b y the S eller . If the S eller decides for reference about certain defects of the Lots. Nevertheless,
or, alternatively, collected by the Seller. If the Seller decides
gen
a
c
ects of the L
ppr
to
er
d
s
, the S
te c
c
opr
m
eller shall authorize the Compan
ue di
tain def
i
a
n
h
ence about cer
h
us
o
er
t
e o
with the Company.
Bidders should pay attention that the Lots may have other
ge the S
rice as Commission and at the same time
y char
P
to collect an unsold L
of the Hammer P
eller
Principal in accordance with all applicable anti-money laun- or other infrastructural incapacitation, or inability to secur 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
al in accor
y ma
dance with all app
rincip
or other infrastructural incapacitation, or inability to secure
ot
licable anti-money laun-
, the Compan
derin
defects not clearly stated in the catalogue descriptions and
power
,
the commission and expenses applicable to unsold Lots in
y is
labour

g, anti-terrorism and sanctions la
dering, anti-terrorism and sanctions laws and regulations suﬃcient labour, power, essential commodities, or necessary y AR TICLE 13 A UTOMA TIC INSURANCE deduct other expenses. Despite the fact that the Company is the commission and e xpenses applicable to unsold L ots in def ects not clearly stated in the catalogue descriptions and
xpenses. Despite the fact
commodities,

cient
ARTICLE 13 AUTOMATIC INSURANCE
egulations
suﬃ

essential
or

,
w
that the Compan
necessar
s and r
deduct other e
l
the S
ots
L
l
and does not know
ise i
w
y ma
ted
eller's Agent
nstruc
U
, the S
eller agr
other
nless
ees that the Compan
ritin
and does not know, and has no reason to suspect, that the equipment; an y act of w ar , armed conﬂ ict , or terrorist attack; 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.
w
accordance with the consignment auction contract.
a
g,
the
y
b
in
eller
S
eason to suspect
, that the
equipment; any act of war, armed conﬂict, or terrorist attack;
, and has no r
condition reports.
n
e i
ed un
er
th
der
e pol
c
i
3.If the Seller fails either to reconsign or collect the Lot with-
ur
s
n
a
l
i
be a
l
any governmental action or regulation enacted or effected
ot consigned b
w
y link
utom
l
l
ov
y c
ti
a
a
c
a
om the B
d oth
n
on
y the Agent is connected with or has an
s
i
s
r
L
pen
Lot consigned by the Agent is connected with or has any link an y governmental action or r egulation enacted or ef f ected will be automatically covered under the insurance policies collect the Commission and other expenses from the Buyer 3.If the S eller fails either to r econsign or collect the L ot with- 4. R egar din g the information about the L ot provided to
ses
x
e
er
f
4. Regarding the information about the Lot provided to
e Commi
uyer
t th
ec
l
ol
es
i
c
c
to the proceeds of an
g without
s
purc
followin
auction contract
of the
consignment
to the proceeds of any criminal activity, including without following the execution of the consignment auction contract purchased by the Company after the Seller enters 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
in thirty (30) days of the auction, the Company is released
the
into
hased
y
the
Compan
S

er
aft

y
enter
in accordance with the provisions in Article 49 hereof.
b
, includin
eller
the
y criminal activity
Bidders, including any forecast information (written or
x
g
e
ecution
the
estrictive of the auction(s), the
y ha
consignment auction contract with the Compan
y and deliv-
hich is prohibitive or r
limitation tax evasion, money laundering, terrorist activities and which is prohibitive or restrictive of the auction(s), the consignment auction contract with the Company and deliv- from any duty of bailment it may have for such Lot and shall, verbal), catalogues and other reports, commentaries or
ve for such L
x ev
ts, commentaries or
limitation ta
from an
asion, money launderin
verbal), catalogues and other r
g, terrorist activities
epor
and w
ot and shall,
y duty of bailment it ma
ARTICLE 21 SERVICE FEE FOR UNSOLD LOT
y
etion, be entitled to (i) stor
is
estimated values, such information are not statement of
e the L
under investi-
the P
s the L
er
or that
sale of the Lot, or any other performance contemplated by
activity
or
or other criminal activity or that the Principal is under investi- sale of the L ot , or a n y other performa nc e c ontempla ted b y ers the Lots to the Company. The insured amount shall be AR TICLE 21 SER VICE FEE F OR UNS OLD L OT in its sole discretion, be entitled to (i) store the Lot at an estimated v alues, such information ar e not statement of
other criminal
ots to the Compan
in its sole discr
. T
he insur
ot at an
rincipal
ed amount shall be
the consignment auction contract; any outbreak of disease,
char
gation, or has been charged with or convicted of without lim- the consignment auction contract; an y outbr eak 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 S eller's risk and e xpense fa c ts, but rather a r e statements of the opinion tha t the
y the S
gation,
ot is not sold because the biddin
with or convicted of without lim-
based on the R
independent storage facility at the Seller's risk and expense
or has been
eller and the Compan
g price is lower
facts, but rather are statements of the opinion that the
ged
eser
In case the L
eed b
ve agr
itation ta
gency
eason-
includin
ee, insurance
public health emer
eser
, quarantine, epidemic, pandemic,
g, terrorist activities or
Company holds. Such information can be altered at the sole
than the R
f
x ev
asion, money launderin
ve, 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 Reserve, the Seller shall authorize the Company to including the Storage Fee, insurance fees and other reason- Compan y holds. S uch information can be alter ed at the sole
ees and other r
in the consignment auction contract (if there is no Reserve, it
y to
torage F
eller shall authorize the Compan
g the S

ot for sale at public auction

other criminal activity; and (iii) the Agent will disclose to the nuclear or chemical contamination, or other condition that shall be the agr eed insur ed amount of the L ot; if the R eser ve char ge the S eller a ser vice f ee for unsuccessful auction and able expenses; or (ii) re-oﬀer the Lot for sale at public auction discr etion of the Compan y from time to time.
shall be the agreed insured amount of the Lot; if the Reserve
charge the Seller a service fee for unsuccessful auction and
-oﬀ
other
will disclose to the
xpenses; or (ii) r
criminal activity; and (iii) the Agent
nuclear or chemical contamination, or other condition that
er the L
able e
e
discretion of the Company from time to time.
has
y's per
made
declaration
son-
Company the identity of the Agent's Principal and the Agent threatens the life, health, or safety of the Company's person- is adjusted, it shall be the original R eser ve of the L ot). ﬔ e other expenses. (at the Company or elsewhere) with a reserve no less than 5. ﬔe Company or the Seller has not made any declaration
ent
eller
e, health, or saf
ve no less than
y
eser
Compan

thr
rincipal and the Ag
y the identity of the Agent
S
e) with a r
not
other e

e
y
5.
ety of the Compan
is adjusted, it shall be the original Reserve of the Lot). ﬔe
(at the Compan
the
eatens the lif
's P
an
y or elsewher
or
xpenses.
ﬔ
Compan
c
e Agen
insur
y copyright
n
s
eser
w
consents to the Company relying on the Agent's due dili- i - nel, vendors, or clients as determined by the Company 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
per
eviously
en
ot is subject to an
y r
ft
due di
at
ve
b
or w
y L
which
nel, vendor
cent
on
yi
y the Compan
th
g on
y
it
of
ed amount is only applicable to insurance and claim for
ts
arranty as to whether an
to th
n
(50%)
R
l
y in its

s, or clients as determined
the
el

ﬁ
e Com
pr
t
pa
as
's

compensation, is not the Company's warranty or guarantee
easonable discr
TICLE 2
gence and the Agent
AR
OCEEDS OF S

YMENT OF PR
gence and the Agent will retain for a period of not less than 5 r reasonable discretion. compensation, is not the Compan y's w arranty or guarantee ARTICLE 22 PAYMENT OF PROCEEDS OF SALE oﬀered. or whether the Buyer has bought the copyright of any L ot .
etion.
ALE
er
ed.
A
2 P
oﬀ
of not less than 5
or whether the Buyer has bought the copyright of any Lot.

will r
etain for a period
P
s contained in Ar
alue of the L
e
e
the
su
y
ii) ab
ejudice to the above, in
ric
, the
u
r
her
6. In accor
ull
-
pa
ticle 29 (1) to
W
ant t
eve
ot can
, and does not mean that the L
f
urc
of
e
ove
the

an
the event that the Compa-
4.In the
nt of r
sale
P
yment
ot
for the v
dance with the matter
ha
p
eﬀ
W
Buyer
se
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 Where the Buyer eﬀects full payment of the Purchase Price 4.In the event of re-sale pursuant to 3(ii) above, the Company 6. In accordance with the matters contained in Article 29 (1) to
years the documentation evidencing the due diligence. ﬔe
ts
Comp

ec
o 3(
ithout pr
deduc
d e
a
to the Compan
h
ed amount through
not
x
cial e
t t
om
nes
s
e c
y
m
h
s
c
e such documentation promptly a
mi
h
c
dance with the provisions in Ar
th
s
e
eduled
Agent will mak
Agent will make such documentation promptly available for n ny determines not to conduct an auction on the scheduled be sold for an amount equal to the insured amount through to the Company in accordance with the provisions in Article s shall be entitled to deduct the commissions and expenses 29 (5) of the Conditions of Business and the special exemption
s
l
be en
s
es
be sold for an amount equal to the insur
i
y in accor
tl
n
a

n
duc
on
ed to
pen
t
a
on
i
emp
deter
29 (5) of the Conditions of Business and the sp
uc
o
ti
tion
tion
a
v
n
e
ticle
x
l
ailable for
to
any auction by the Company.
esult of circumstances beyond
for the unsuccessful auction in accordance with the con-
its control or which
date as a r
contained in Article 30 of the Conditions of Business, the
ale to
, the Compan
immediate inspection b y an independent thir d-par ty upon date as a result of circumstances beyond its control or which an y auction b y the Compan y . 49 hereof, the Company shall pay the Proceeds of Sale to for the unsuccessful auction in accor dance with the con- contained in Ar ticle 30 of the Conditions of Business, the
y shall pa
roceeds of S
49 her
y the P
eof
immediate inspection by an independent third-party upon
the Compan
e
K
ys
in
ts ar
epor
ller
aft
y's written r

S
the
the Compan
ale
D
e such performance imprac
ate
on
g

mak

er
S
tic
able,
signment auction contract as well as the commissions and
ﬁ
da
the Company's written request to do so. make such performance impracticable, the Company may y the Seller thirty-ﬁve days after the Sale Date in Hong Kong sig nme nt au ct ion cont ract as we ll as t he commissions and descriptions in the catalogue and in the condition reports are e

y ma

descriptions in the catalogue and in the condition r
Hon
ve
the
g
thir
equest to do so.
ty-

ale befor
TICLE 14 INSURANCE PR
e
i
AR
v
-sale from the P
10

Com

dollar
10.ﬔe Company reserves the right to seek identiﬁcation of postpone or c a nc el a n y a uc tion, or c ha n ge the pla tform f or ARTICLE 14 INSURANCE PREMIUM dollars. s. e expenses for the re-sale from the Proceeds of Sale before written in a reasonably prudent manner (and such should
t
es
r
xpenses for the r
gh
ritten in a r

i
on
to
w
s
EMIUM
eek
n
easonably prudent manner (and such should
tiﬁ
of
a
r
den
c
eser
pa
postpone or cancel any auction, or change the platform for
the
e
roceeds of S
y
ﬔ
ti
emium pa
an
format
y the S
eller

eller
source of funds r
t the source of funds received, and to make enquiries about any y or format of any auction (including but not limited to from a I If the Lot is sold, the insurance premium payable by the Seller paying the remaining amount to the Seller. . be in line with those terms of the Conditions of Business
of
y auction
eceived, and to mak
yable b
pa
a
h
be in line with those terms of the Conditions of Business
g but not limited to from
or
g the r
ot is sold, the insurance pr
e enquiries about an
yin
f the L
e
g amount to the S
emainin
(includin
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 L ot has been deposited with the Compan y regarding the Company serving as Auction Agent) based on
vin
5.In the event a Lot has been deposited with the Company
1%
er
AR
of
r
l
TICLE 23 DEFER
l
oth
i
be
. If the Compan

y
gr
eed
mmer
a

s
i
e
son transactin
e
online auction

th
per
Ha
w
b
P
only), and
e
ot
r
unl
the sale of
y has not
g the Compan
R
the L
egar
y ser
es
ED P
live auction to an
c
g as Auction Agent) based on
s
din
ha
YMENT
g with the Compan
A
pa
lle
ec
completed its enquiries in r
e
S
he
shall be subject to these Conditions of Business applicable
an
, t
not r
omp
completed its enquiries in respect of anti-money laundering, an- shall be subject to these Conditions of Business applicable the Seller and the Company. If the Lot is not sold, the Seller r Where the Company does not receive the full payment of the for mor e than one year and the owner has neither collected (1) the information provided b y the S eller to the Compan y; (2)
t
eive
e
her
lle
(1) the information provided by the Seller to the Company; (2)
the Compa
S
e
the
he
he
y does
yment of the
C
espect of anti-money launderin
t
r and
full
n
g, an-
W
is not
y
he
for more than one year and the owner has neither collected
sold
. If t
L
ot
emium at 1% of the R
it nor consigned it for sale, the Company shall be entitled to
ve.
yment
y of the pa
urchase P
eser
rice from the Buyer upon the e
academic and technical knowledge (if an
xpir
ti-terrorist ﬁ nancin g or other checks as it consider s appropriate to the auction in which the L ot will be placed. shall as well pay the insurance premium at 1% of the Reserve. 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 any); and (3) generally
shall as well pa
y); and (3) generally
ti-terrorist ﬁnancing or other checks as it considers appropriate
y the insurance pr
to the auction in which the Lot will be placed.
concerning the Seller or where the Seller is acting as Agent, the
ts.
ant e
concernin g the S eller or wher e the S eller is actin g as Agent , the period under Ar tic le 51 her eof , the Compa n y w ill pa y the P ro- sell such proper ty at auction (at the Compan y or elsewher e) accepted opinions of the relevant experts.
xper
period under Article 51 hereof, the Company will pay the Pro-
elev
sell such property at auction (at the Company or elsewhere)
accepted opinions of the r
s
ot
OT N
OT A
AR
h
f
l
OD
f
's
AR
a
n
I
TICLE 10 L
s
e to
er
UCTI
ceeds of Sale to the Seller within seven working days after
th
i
ys
ter
i
a
d-
0
TICLE 15 INSURANCE PER
Agent and its Principal, or the Buyer to the Company's satisfac-
a
e o
uc
Agent and its P rincipal, or the Buyer to the Compan y's satisfac - ARTICLE 10 LOT NOT AUCTIONED ARTICLE 15 INSURANCE PERIOD ceeds of S ale to the S eller within seven work in g da ys after after sixty (60) days notice of such sale to the owner's ad-
) da
s
ty (6
n
c
e ow
x
ONED
on
n
dress, with estimates and reserves at the Company's discre-
yment of the P
e i
n
s
ur
urchase P
r
eceipt of full pa
a
etion, the Compan
sol
ot i
e L
After the Seller has signed the consignment auction contract
th
h
ARTICLE 30 THE COMPANY'S EXEMPTION AND
e per
s
I
a
f
c
tion at its discr
, th
rice from the Buyer
uc
tion at its discretion, the Company shall be entitled either not to Aft er the S eller has signed the consignment auction contract If the Lot is sold in the auction, the insurance period shall 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
od s
e a
y shall be entitled either not to
i
ti
l
d i
th
n
RESTRICTION OF RESPONSIBILITIES TO THE BUYER
y r
y lot
S

ot to the Compan
earlier
the
ale
and deliver
aft
tion.
, as appropriate, and to
the
eason
y
da
of
seventh
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 day after the Sale Date tion. R ES TR ICTI ON OF R ESPONSIBILITIES TO THE BUYER

ed the L
, if for an
ate
at
D
y
with
er
complete or to cancel the sale of an
terminate
the
6.Any re-sale of unsold Lots or sale of uncollected Lots shall
(includin
XES
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 Compan y consider s the L ot as for ger y , it shall r eturn
1. If the Company considers the Lot as forgery, it shall return
ale D
AR
equir
A
tak
ate) and the date when the Buyer collects
TICLE 24 SELLER T
g the S
y fur
ed or permitted under applic
e a
n
able
the Company believes that the Lot is not suitable for auction
ther action r
y
eller shall pa
roceeds
e S
the L
w without an
y ta
r
ty
mpa
b
c
law without any liability to the Seller. . by the Company, the Seller shall collect the Lot within thirty the Lot. If the Lot 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 Price and Buyer's Commission to the Buyer. .
th
l
la
l
ol
the Hammer P
ot is not sold in the auction, the insurance period
y th
e Co
n
s
l
er
a
l
,
h
eller
i
x
es to the government for the P

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

n
Y THE SELLER
1
th
n
eller
i
i
s
shall
s
assist
o
bear
S
po
TICLE 16 INSURANCE B
the
all
i
i
on
e
(
S 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 e
terminate on the date when the
y er
es
and
collects the
L
-mentioned
y
g
S
information provided
ON
the
the corresponding taxes and expenses.
In the event that the Seller notiﬁes the Company in writing
above
the
ARTICLE 8 RESERVE
TICLE 28 R
AR TICLE 8 R ESER VE 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 corr espondin g ta x es and e xpenses. ARTICLE 28 RISK ASSUMPTION information provided by the Company to the Bidder verbally
period
ot
AR
SSUMP
b
ISK A
to
eller
the Bidder
y
Compan
verbally
. If durin
TI
upon
ot
a
eed
the
1.
y
other
eller fails to collec
e
nless
eller shall assume liability for all risks and e
is
the S
a
or in writing, no matter whether this is caused by negligence
nd
xpenses
n
w
t the L
y
gr
Compa
, the consignment auction
he S
1.Unless otherwise agreed upon by the Company and the the Seller fails to collect the Lot, the consignment auction not to insur e the L ot , it shall under tak e all the risks and the T The Seller shall assume liability for all risks and expenses or in writin g, no matter whether this is caused b y negligence
not to insure the Lot, it shall undertake all the risks and the
b
U
the

that occur after the time limit prescribed herein if the Seller
eser
contract will automatically terminate upon the expiration of
ots
to
ﬔ
or other reasons, with the exception of provision contained
ed
all
oﬀ
eller
T
R
e
following liabilities at any time (unless otherwise ruled by an
ar
Seller, all Lots are oﬀered subject to a Reserve. ﬔe Reserve cont ract will au tomatically te rminate u p on t he e xp iration of followin g liabilities at an y time (unless other wise ruled b y 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 r ea sons, w ith the e x c eption of provision c onta ined
OLLE
R
ANCE IN THE C
SSIS
ON OF
e
subject

AR
S
er
a
CTI
eser
TICLE 25 A

,
ve.
ve
L
ANDING P
OUT
YMENT
T
S
A
fails to take back the Lot not auctioned or the unsold Lot
in Article 29 (6) of the Conditions of Business;
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): OUTSTANDING PAYMENT fails to tak e back the L ot not auctioned or the unsold L ot in Ar ticle 29 (6) of the Conditions of Business;
shall be determined by the Seller and the Company in writing
arbitration institution):
such period. If within seven days after the termination of the
i
eser
the R
t
ﬔ
ume l
y an
ve
i
m
y other
eller
a
ot
L
el
shall,
e S
. T
to

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

er it is determined b

Company to demand the corresponding outstanding pay-
ties.
eller has entrusted the Compan
y both par
2.
R
gr
w
eser
2.Unless otherwise agreed in writing, the Reserve for each dispose of the L ot in a w a y the Compan y deems proper . ﬔ 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 e x ception of those r esponsibilities that
ise
to the Buyer (with the exception of those responsibilities that
. W
eller
other
2.To compensate the Company and/or any other parties for
nless
e the Buyer
U
eed in w
ritin
g, the
c
her
issues notice on collection of the Lot to the Seller (including
dispose of the Lot in a way the Company deems proper. ﬔe
ea
h
ve
for
ment from the Buyer on behalf of the S
a
eller
amount
seventy
cent
e
equal
g to the stipulations of la
be
ﬁ

ve
per
all losses suﬀered and all expenses incurred because of the
ot
, the
esponsible
low
tion
r
ws);
ollec
the
of
for the c
of
pr
(75%)
y
is
an
,
to
will
if
fails
the
n
ged accor
P
e
cannot be dischar
da
se

within
P
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 to fully pay the Purchase Price within seven days after r the notice date) and the time when the S eller collects the cannot be discharged according to the stipulations of laws);
rice
din
u
rchase
the notice date) and the time when the Seller collects the
ve
aft
t
a
y
s
lly

o
fu
y

p
damage or destruction of the L
y an
y r
her
dance with these Conditions of Business. W
obtained from the disposal after deducting all the fees and
sale estimate notiﬁ ed to the S eller . obtained from the disposal aft er deductin g all the f ees and damage or destruction of the Lot caused by any reason; and the S ale D ate (includin g the S ale D ate), the Compan y shall Lot in accordance with these Conditions of Business. Where (3) be accountable to an y Bidder for an y actions or omissions
e
the Sale Date (including the Sale Date), the Company shall
ot caused b
eason; and
(3) be accountable to any Bidder for any actions or omissions
L
ot in accor
sale estimate notiﬁed to the Seller.
's final low pr
ot
y the Compan
g the auction or the sale of an
ed b
the Seller requests Company to assist it in the return of the
of the Compan
ve the right to demand the Commission and other Buyer's
egar
ha
y r
e
-sale esti-
xpenses incurr
ot (no
y e
e
ceed the L
x
din
ve ma
3.To notify the compensation related provisions herein to any
eser
3.No R
3.No Reserve may exceed the Lot's final low pre-sale esti- expenses incurred by the Company. y . 3. T o notify the compensation r elated provisions her ein to an y have 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 Company regarding the auction or the sale of any Lot (no
y L
. In the event
eof
er of the L
g to the provisions of Ar
ein and the Compan
y
insur
mate announced or published
ot
xpenses accor
ot within the time limit provided her
y
matter whether this is caused by negligence or other reasons).
mate announced or published by the Company. In the event insurer of the Lot. . Expenses according to the provisions of Article 58 hereof. . L Lot within the time limit provided herein and the Company matter whether this is caused b y negligence or other r easons).
E
din
ticle 58 her
b
y the Compan
y shall
y owns the L
AR
ot to be sold, it shall not
g K
In addition, the Compan
of a R
TICLE 11 SU
of a Reserve agreed in a currency other than Hong Kong g ARTICLE 11 SUSPENSION OF AUCTION In addition, the Company shall as well have the right to take so agr ees, the S eller shall assume liability for all risks and 3. Unless the Company owns the Lot to be sold, it shall not
e
ON OF A
ve agr
ha
UCTI
nless the Compan
ve the right to tak
well
eser
3. U
so agrees, the Seller shall assume liability for all risks and
ency other than Hon
ON
as
SPENSI
eed in a curr
on
CL
TICLE 17 INSURANCE DIS
AIMER
AR
y
an
i
a
L
th
th
pens
e L
be responsible for any breach of the Conditions of Business
o
t l
ter
f
ot
dollars without written agreement on the exchange rate, the
dollar s without written agr eement on the e x chan ge rate, the ﬔe Company has the right to suspend the auction of any Lot ARTICLE 17 INSURANCE DISCLAIMER appropriate actions (includin g but not limited to r esor tin g e expenses that occur after the Lot leaves the place desig- g- be r esponsible for an y br each of the Conditions of Business
appropriate actions (including but not limited to resorting
t oc
e des
y
suspend
Compan
to
right
c

ﬔ
ur
the
the
th
es
c
v
ea
a
has
auction
of
e pl
x
e
es
a
nless the S
destruction
the
eller specifically gives
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 proceedings) to assist the Seller in collecting such nated by the Company. Unless the Seller specifically gives by the Seller. .
ﬔ
of
g such
ve shall be an amount equal to the Hon
e
b
nated b
damage

R
ot
g dollar
caused
eser
L
eller
gs) to assist the S
. U
y the S
y
at any time before the actual auction in any one of the follow-
wear
on
y the Compan
eller in collectin
g K
y
to legal proceedin
b
natural
or
out
er whe
a
emium in adv
n
it is de
4
yment from the Buy
verage telegraphic transf
W
th
,
.
alent based on the a
e
r

emed b
i
a

ects, chan
g
ys insurance pr
e
o
in
x-
ws, internal or potential def
ge of sub-
ti

a
n
Ar
ance, the
c

l
ti
f
an indication and pa
g situations:
c
e
th
l
es
)
ﬀ
y
es

0
equivalent based on the average telegraphic transfer ex- ing situations: inherent flaws, internal or potential defects, change of sub- outstanding payment from the Buyer where it is deemed by y an indication and pays insurance premium in advance, the 4. Without aﬀecting Article 30 (2) of these rules, any claim
p
a
equiv
g
ul
ent fla
ec
outstandin
m
(2
3
i
r
er e
inher
ge

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

ed
Company has no obligation to ensure the Lot for any period
er
b
es to the Compan
leakage, rat-bite, worm-bite, change in the atmosphere (climate
x
rice and the
after it departs from the place designated by the Company.
clude the S
eller's right to demand in per
son or authorize
or the S
eller shall be limited to the Hammer P
ticity of the L
pr ecedin g the auction. ticity of the Lot; leak age, rat-bite, worm-bite, chan ge in the atmospher e (climate e exclude the Seller's right to demand in person or authorize aft e r it dep ar ts from the p lace desig nate d b y the Comp an y . or the Seller shall be limited to the Hammer Price and the
ot;
preceding the auction.
o assist
it in r
U
ction to the owne
r
.
n
ty has an ob
ar
je
der
th
e L
o
f
o
t
ship
or air temperature), change in humidity or temperature, or other
or
s
ta
c
um
n
4.Following the bidding failure of the Lot authorized by the
4.F ollowin g the biddin g failur e of the L ot authorized b y the 2.Any third party has an objection to the ownership or or air temperatur e), chan ge in humidity or temperatur e, or other an y thir d p ar t y t o d e mand t he ou t st and in g p a y me nt fro m Where the Seller requests the Company to assist it in re- - Buyer's Commission of the Lot. Under no circumstances
c
es
y
n
d p
thir
o
i
r
2.An
c
r r
lle
q
e
e
e
r
S
the
an
e
t
y
Comp
e
u
he
sts t
he
any third party to demand the outstanding payment from
s
mm
i
o
n
s
i
uyer
B
W
's
Co
y consequential
and the S
other
y
an
eller bear an
shall the Comp
n pr
ov
i
n
d c
a
turnin
ev
a
de r
el
e m
ot a
i
ot
L
y
b
c
th
g
e L
ty of
a
the
n
ges
ed b
c
h
a
a
s
u
o
r
c
l
i
denc
e
n
t ev
c
d
y f
ua
gr
or
a
j
eller
a
, the Auctioneer shall
uc
post
ea
ess
xpr
or
ve the right to sell such L
h
e
y
s
,
del
ot at
eur
uth
r
th
ha
enti
mea
the Buyer and does not obligate the Company to demand
a
ns
of
S Seller, the Auctioneer shall have the right to sell such Lot at authenticity of the Lot and can provide relevant evidence gradual changes or caused by force majeure such as earth- - the Buyer and does not obligate the Compan y to demand turning the Lot by means of post, express delivery or other shall the Company and the Seller bear any consequential
iver
e s
g pa
urity
losses incurred by the Buyer.
terrorism,
w
tsunami,
the corr
action,
espondin
quak
ar
e,
,

of
armed
h objec

suc
to the basis
conﬂ
ls
teria
s
ma
a
,
ys a
the Reserve after such auction and the Seller must pay the
sec

hostile
pa
yment from the Buyer on
g outstandin
ict
third-party transportation, the Company shall be deemed
the R eser ve a ft er suc h a uc tion a nd the S eller must pa y the materials as to the basis of such objection, pays a security quake, tsunami, war, hostile action, armed conﬂict, terrorism, the corresponding outstanding payment from the Buyer on thir d-par ty transpor tation, the Compan y shall be deemed losses incurr ed b y the Buyer .
tion,
behalf
S
n
a
under
eller
y
irc
, or nuclear radiation or radioactive
of
the
c
pursuant to the Company's requirements and is willing to
ot
, and the S
the L
to ha
ve r
eturned
shall the
to
er
uctione
eller shall be
mstance
A
. In no circu
n
ﬔ
Commission to the Auctioneer. In no circumstance shall the pur sua nt to the Compan y's r equir ements and is w illin g to coup, strike and social riot, or nuclear radiation or radioactive behalf of the Seller under any circumstance. ﬔis Company y to have returned the Lot, and the Seller shall be deemed to
deemed
e.
umsta
nc
e and social riot
coup, strik

Compa
is
Commission to the

Company bear any liability for failure to sell the Lot at the tak e the corr espondin g liabilities for the legal consequences pollution as well as the damage or destruction of book frames, shall not bear the corresponding liability for the Seller be- e - have collected the Lot upon the Company's delivery of the ARTICLE 31 CATALOGUE AND OTHER EXPLANATION
shall not bear the corr
Compan
ON
A
TI
y liability for failur
y bear an
destruction of
OGUE AND OTHER E
take the corresponding liabilities for the legal consequences
as the damage
pollution as well
or
AL
T
book frames,
ANA
ot at the
XPL
e to sell the L
th
y's
n
for the S

of
L
upon
ot
y
e
ondin
Compa
esp

e
TICLE 31 C
ver
g liability
e
deli
ha
th
th
ve
ted
ller b
c

ol
AR
lec
e
OF THE LOT
ot to the
post
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 L OT
estles, mountin
wer
R
glass, dra
and all losses caused by the suspension of auction;
ess deliver
xpr
, e
tation entities,
s, bottom pads, tr
y and transpor
y the Compan
cause of the Buyer's failure to pay the Purchase Price under
ve at the auction held b
t pages,
eser
gs, inser
the

scroll heads or other similar accessories caused by any reason
to
ﬔ
e
r
brieﬂ
a
ll
e
logue
y circumstance.
companies or their employees/branch oﬃces.

an
sha
of
y
ata
c

3.The Company has an objection to the explanation of the
3. T he Compa n y h a s a n objec tion to the e xpla na tion of the scroll heads or other similar accessories caused b y an y r eason any circumstance. companies or their employees/branch oﬃ ces. ﬔe Company shall prepare a catalogue of the Lot to brieﬂy y
pr
Compan
ot
epa
L
S
OMP
introduce the conditions of the Lot with words and/or
eller or the accuracy of the S
AR
arranty mentioned in
is not within the scope of insurance coverage. The aforesaid
ARTICLE 9 THE COMPANY'S DISCRETION Seller or the accuracy of the Seller's warranty mentioned in is not within the scope of insurance coverage. T he afor esaid introduc e the c onditions of the L ot w ith w or ds and/or
TI
ANY
'S DIS
TICLE 9 THE C
ON
eller's w
CR
E
i
y
ma
'S DIS
pictures to facilitate the Bidder and Seller to participate in
n
low
f
ANY
CHAPTER III THE BIDDER AND THE BUYER
e
AR
Compa
Article 7 hereof;
ﬔ
ol
the

TICLE 26 THE C
y
dec
y the S
t
i
ON
tter
OMP
de
i
a
E
g
s
TI
n
CR
bso-
ﬔe Company may decide the following matters at its abso- Ar ticle 7 her eof ; risks should be borne by the Seller. . 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
risks should be borne b
a
ts
eller
ma
stimate

e
eller has violated or will violate
the
Comp
ﬔ

lute discretion:
y
held
ds
auction
an
E
the
y
b
wor
y evidence proves the S
.
and
4.An
lute discr etion: 4.Any evidence proves the Seller 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
S
el
r
ll
igh
ler's
n
u-
y
a
sha
a
h
to
a
t
c
ve
the
ept

c
e
Compa
the
ﬔ

1.Explanation and/or appraisal of any aspect of any Lot
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
in the catalogue of the Lot, pictures, other images as well
AR
TICLE 18 INSURANCE INDEMNIT
ARTICLE 29 RESPONSIBILITIES OF THE BIDDER
y
and ma
determine
eller's
thorization (at the
S
y provisions of these Conditions of Business;
e
the
an
xpenses)
y be:
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 C OMP ANY IN R ESPE CT OF THE L OT as public materials ar e only r ef er enc es for the Bidder and
followin
y incidents or
eason, the Compan
5.F
g matter
through the catalogue of the Lot and/or news media and/or
s as the case ma
as public materials are only references for the Bidder and
y damage or destruction of the L
An
or an
AND THE COMPANY IN RESPECT OF THE LOT
y other r
y believes that the auc
ot caused b
elies
L
ots
ed bef
s
1.To agree on special conditions of the payment of the Pur-
ovi
the
on
par
y pr
evi
y the Compa-
tly
y's
1.

ﬔ
n. T
o
perception
tion of such L
other carriers;
Compan
other carrier s; tion of such Lot shall be suspended; or disasters covered by the insurance purchased by the Compa- 1. T o agr ee on special conditions of the pa yment of the P ur- 1. ﬔe Company's perception of all Lots partly relies on the may be revised before auction. The Company provides
e
e Compa
h
ot shall be suspended; or

e a
all
y the insurance purchased b
y be r
or
r
des
n
ti
of
ma
disaster
uc
ed b
s cover
2.Whether to consult any expert or not; 6.If the Company is aware of any ownership or other dispute ny for the Lot shall be handled in accordance with the laws of chase Price; information provided b y the S eller , the Compan y is unable no guarantee for the authenticity, value, tone, quality or
2.
or
ll be handled in a
uarantee for the authenticity
c
ot sha
n
y for the L
no g
c
ith the la
w
s of
e w
or
da
nc
t or not;
6.If the Compan
alue, tone, quality
xper
W
hether to consult an
y e
y is a
information provided by the Seller, the Company is unable
y owner
ship or other dispute
, v
ar
w
e of an
chase P
rice;

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