Page 188 - 重要中國古董珍玩
P. 188
g th
y
i
n
e pur
a
s
c
h
ot
c
y sums that the Buyer owes the Compan
y an
a
el
l
nc
epa
g th
already submitted a written report to the Company regarding
s
yin
a
c
h
e P
ur
Buyer to r
e
e or
del
a
g i
n pa
yi
n
dless of an
egar
y stipulations of the
fl
ARTICLE 43 DISCLAIMER OF ABSENTEE BID
wlessness of the L
other
flawlessness of the Lot. . alr eady submitted a written r epor t to the Compan y r egar din g AR TICLE 43 DIS CL AIMER OF AB SENTEE BID otherwise agreed, regardless of any stipulations of the cancelling the purchase or delaying in paying the Purchase Buyer to repay any sums that the Buyer owes the Company
eed, r
a
wise agr
, imp
ar an
t
r
y
e
shall not b
y
L
or
t or othe
s for
ilitie
e
ot
, the Bu
xp
or
esp
onsib
the loss paddle. Since absentee bid is a fr ee ser vice of transmittin g export, import or other permits of the Lot, the Buyer shall Price. The Company shall not bear any responsibilities for in any other transactions;
the loss paddle.
he
rmits of the
ye
Comp
e
rice
P
r shall
. T
Since absentee bid is a free service of transmitting
an
r p
in an
y other transactions;
t
m
b
t
c
j
b
i
e
y
y
e
1
a
r
a
s
d
T
d
n
or
e
o
1.
da
ys
7
within
biddin
er
the
aft
y
the
pa
fully
y provides to the
P
rice
g information that the Compan
P
urchase
S
or
submit
in
ll
ed
impor
equir
the
r
the
failur
ate
ale
D
fi
properly
e
to
a
r
u
t
n
s
AR TICLE 32 UNCER T AINT Y OF C A T AL OGUE bidding information that the Company provides to the fully pay the Purchase Price within 7 days after the Sale Date the failure to properly fill in or submit the required import or 11. To reject any bids made by the Buyer or its agent t
ARTICLE 32 UNCERTAINTY OF CATALOGUE
t
h
o
e
r
B
i
g
e
e
y
te), a
t
uc
e S
l
Where the tone, color, graduation shape or any other
n
o
a
t
ob
d
t
ARTICLE 37 AUCTION DEPOSIT
a
o
on
t documents.
s
,
ep
c
e L
xpor
t
uc
e
e D
on
l
l
or
t th
ec
W her e the tone, color , gradua tion shape or a n y other AR TICLE 37 A UCTI ON DEPOSIT Bidder , the Compan y and its employees shall not bear an y (i (including the Sale Date), and collect the Lot. If packing, e export documents. a at future auctions, or to obtain auction deposit before
i
l
c
t
i
u
n
a
k
e
t
a
r
d c
a
b
i
. I
g th
u
n
pa
n
t
f
for
n
ot
si
i
f
udi
o
e
g,
Bidder, the Company and its employees shall not bear any
n
Compa
c
p
y b
t
th
c
d
g a
n
i
e
i
e
n
a
n
on
f feature of the Lot shown in the catalogue and/or any other When a Bidder participates in an auction of the Company, , responsibilities for unsuccessful bidding or any errors, movin g costs, and insurance e xpenses, e xpenses r elated to If the Buyer r equests the Compan y to apply for the impor t accepting any bids; ;
ti
If the Buyer requests the Company to apply for the import
a
uc
a
of
n
h
tic
eatur
s,
pa
dder
i
en
esponsibilities for unsuccessful biddin
r
pa
y
W
g or an
e of the L
r
s
a
y other
y error
moving costs, and insurance expenses, expenses related to
i
Bi
ot shown in the catalogue and/or an
tes
r
t ar
o disclose the information of the Buyer to the S
eller
s
l
bef
h
t
l
e/s
, the Compan
e
i
h
a
e involved, the Buyer shall pa
fi
s
e
diff
a
those
t licenses on its behalf
y has
o
xpor
the
er
ti
uc
from
h
and e
xpor
pa
materials
t
illustrations,
, so
illustrations, images and public materials differ from those he/she shall first pay the auction deposit before collecting g omissions, negligence, fault or inability to bid on its behalf e export are involved, the Buyer shall pay them altogether. . and export licenses on its behalf, the Company has the 12. To disclose the information of the Buyer to the Seller, so
12. T
th
n
depos
y
e
images
ec
y them altogether
ti
omissions, negligence, fault or inability to bid on its behalf
r
n
and
o
ol
c
l
public
e.
How
the paddle. The amount of the auction deposit will be
ser
durin
vi
igh
c
g the biddin
of the orig inal L ot due to printin g, photograph y or other the paddle. T he amount of the auc tion deposit w ill be during the bidding process. right to charge service fees for this service. However, the that the S eller can star t a la w suit to r ecover the outstandin g
c
ev
t
to
er
,
r
r
ge
h
a
the
g process.
th
ees
is
f
or
f
e
of the original Lot due to printing, photography or other
er
vic
s
that the Seller can start a law suit to recover the outstanding
AR
Company does not warrant that the import or export license
R
y befor
A
technical reasons, the original Lot shall take precedence. Any
e the Auction D
TICLE 52 P
ENC
YMENT CUR
amount, or claim damages and claim legal fees for breach of
announced b
tec hnic a l r ea sons, the origina l L ot sha ll ta k e pr ec edenc e. An y announced by the Company before the Auction Date, and the ARTICLE 52 PAYMENT CURRENCY Y Compan y does not w arrant that the impor t or e xpor t license amount , or claim damages and claim legal f ees for br each of
ate, and the
y the Compan
n
aive the auction deposit
y has the right to w
INCIPLE
introduction and appraisal of an y L ot made b y the Compan y Company has the right to waive the auction deposit. If the ARTICLE 44 FIRST-COME-FIRST-SERVE PRINCIPLE All monies shall be paid in Hong Kong dollars. If the Buyer will be issued. The Company and the Seller has not made contract by the Buyer. .
dol
y and the S
l
. If the
be
ies
d
he Compan
Compan
s
-C
eller has not made
AR
introduction and appraisal of any Lot made by the Company
OME-FIRS
ha
K
i
VE PR
g
l
Hon
g
on
l
mon
T
.
contract b
e
l
i
T
will be issued. T
Buyer
r
a
pa
Al
y the Buyer
-SER
s
th
TICLE 44 FIRS
f
I
arranty
the L
espect
ys in another curr
of whether or not an
declaration or w
ency other than Hon
Bidder fails to buy
F
s, it
g dollar
on
y
in r
ot
pa
OR AB
and its employees or its agents in an y w a y (includin g the Bidder fails to buy the Lot and he does not owe the Company y FOR ABSENTEE BID pays in another currency other than Hong Kong dollars, it declaration or warranty in respect of whether or not any Lot
and its employees or its agents in anyway (including the
SENTEE BID
g K
L
ot and he does not owe the Compan
an
te,
shall c
te a
n
c
OLLE
n
c
certificate, catalogue, slideshow and news media) are only any sum, then that auction deposit shall be returned to the If two or more Bidders appointing the Company to bid on their shall convert it at the exchange rate agreed between the is subject to impor t and e xpor t r estrictions or an y embar go. ARTICLE 59 REMEDIES FOR DELAY IN COLLECTING
a
a
er
Y IN C
o
l
y
ra
i
betw
onver
TICLE 59 R
een
h
l
ge
c
CTING
eturned to the
ha
ti
n
des
s
OR DEL
c
the
t it a
y to bid on their
a
If two or mor
s appointin
x
y sum, then that auction deposit shall be r
fi
ow
n
l
g the Compan
A
gr
ta
eed
a
medi
s
)
e Bidder
ew
r
EMEDIES F
e
a
d
ogue,
t
the e
AR
is subject to import and export restrictions or any embargo.
k
ul
o
ys
B
g da
t w
behalf have bid the same price for the same Lot and eventually
i
t
h
er
t
opinions for r
chan
y guarantee
l
a
ge rate of Hon
w
r
es
i
w
i
x
dder
Buyer and the Compan
f
n
ef
1
n
n
y or at the e
er
i
h
ut i
4
n
ence and do not constitute an
f
THE LOT
ter
opinions for reference and do not constitute any guarantee Bidder in full without interest within 14 working days after behalf ha ve bid the same price for the same L ot and eventually Buyer and the Company or at the exchange rate of Hong g THE L OT
i
t
o
i
ARTICLE 58 REMEDIES FOR NON-PAYMENT
evious work
s and that curr
If the Buyer fails to collect the purchased Lot 7 days after the
g a L
is
one
then
L
that
who
g dollar
at
ency type
sold
r
P
ot
the end of the auction. If the Bidder succeeds in buyin
K
that
for the L ot . T he Compan y and its employees or its agents the end of the auction. If the Bidder succeeds in buying a Lot, , that Lot is sold at that Hammer Price, then the one who first Kong dollars and that currency type on the previous working g AR TICLE 58 R EMEDIES F OR N ON-P A YMENT If the Buyer fails to collect the purchased L ot 7 da ys aft er the
Hammer
rice,
on the pr
fi
ot
in
on
the
for the Lot. The Company and its employees or its agents
st
k
e f
shall undertake no liability for any inaccuracy or omission in
y
ba
l
ate), the Compan
e
a
pa
h
a
suc
nk
ul
s selec
Compa
th
f
the auction deposit shall automatically be converted to the
i
y
a
I
ale D
n
c
y shall be the Buyer of that L
l
da
o
g to
d
g the S
n
i
y
y
uyer
ed
f
r
ot
ate (includin
the
b
th
en
nnounc
e B
b
o m
ted
ym
a
y has the
c
ale D
s
submitted to the Compan
t a
t
shall under tak e no liability for an y inaccuracy or omission in th e a uc ti on depos it s ha l l a utoma tic a l l y be c on ver ted to the submitted to the Company shall be the Buyer of that Lot. . day announced by such bank as selected by the Company. . If the Buyer fails to make full payment according to the S Sale Date (including the Sale Date), the Company has the
of
the afor esaid introduction or appraisal. payment of the Purchase Price of the Lot. . All bank handlin g f ees, commission and char ges incurr ed b y provisions of the Conditions of Business or any payment right to adopt one or mor e of the measur es below:
sions
the
Condi
urchase P
tion
the aforesaid introduction or appraisal.
ot
provi
rice of the L
pa
yment of the P
of
right to adopt one or more of the measures below:
or
Busin
All bank handling fees, commission and charges incurred by
a
ess
y
n
pa
yment
s
ency paid b
(
y for conver
ud
to
c
ed t
n
UCTI
l
i
arrangements agreed with the Company, the Company has
.
Al
o th
ON OF THE A
e s
ee
y the
the Compan
os
ts
TI
TICLE 45 DIS
l
c
ONEER
o
r
g but n
i
ge f
AR
tin
CR
a
ARTICLE 45 DISCRETION OF THE AUCTIONEER the Company for converting the foreign currency paid by the arran gements agr eed with the Compan y , the Compan y has 1 1. All costs (including but not limited to the storage fee
t l
i
E
t
eign curr
i
n
m
g the for
e pr
g to
TE
rig
the right to adopt one or more of the following measures:
r
c
and sole
di
te
ne
ht
ON OF THE C
ov
e
ARTICLE 33 RESERVE AND ESTIMATE ARTICLE 38 DISCRETION OF THE COMPANY T The Auctioneer has the right at his absolute and sole Buyer into Hon g K on g dollar s shall be borne b y the Buyer . the right to adopt one or mor e of the followin g measur es: calculated and charged according to the provisions of the
u
at his ab
TI
n
ctio
TICLE 33 R
TIMA
n
solu
ged a
AR
th
c
d
he
a
h
c
r
ESER
l
c
ul
a
A
OMP
ANY
ted a
VE AND ES
c
a
Buyer into Hong Kong dollars shall be borne by the Buyer.
o
i
e
E
th
i
f
on
s
TICLE 38 DIS
s
CR
r has the
AR
o
a
th
etion in the followin
e
Bidder Registration Order starting from the 31st day from
1. After the Lot is sold, if the Buyer fails to pay the Purchase
o
r
er
s the right to forbid a
s
discr
ed
U Unless otherwise indicated, all Lots are offered subject to a The Company has the right to forbid anyone from discretion in the following matters: 1. Aft er the L ot is sold, if the Buyer fails to pa y the P urchase Bidder R egistration Or der star tin g from the 31st da y from
o
ff
s:
i
n
y ha
e
a
g matter
di
c
yone from
ted,
n
a
er
he Compan
ot
s
T
w
l
s
l
L
i
es
s
l
ec
t
a
ubj
t
o
n
g the S
y bid;
ARTICLE 53 TRANSFER OF OWNERSHIP
ale
ate (includin
the Sale Date (including the Sale Date) and/or risks for the
ale D
, the R
R Reserve. Normally, the Reserve is not higher than the lowest par ticipatin g in the auction or ganized b y the Compan y or 1. Refusal or acceptance of any bid; AR TICLE 53 TRANSFER OF O WNERSHIP P Price within 7 days from the Sale Date (including the Sale the S ale D ate (includin g the S ale D ate ) and/or risks for the
1. R
eser
eser
rice w
ys from the S
ve. Normally
ve is not higher than the lowest
ithin 7 da
efusal or acceptance of an
participating in the auction organized by the Company or
Buyer
h a manner as he ma
ship
stimate announced befor
onto
taking out of an insurance policy and/or storing the Lot in the
E Estimate announced before the auction or published before enter in g the a uc ti on si te, or ta k in g pic tur es or shooti n g 2. Carrying out the auction in such a manner as he may y ﬔe ownership shall be passed onto the Buyer only when the D Date), the auction deposit paid at the time of bidding tak in g out of an insurance policy and/or storin g the L ot in the
ﬔ
when
only
yin
g out the auction in suc
entering the auction site, or taking pictures or shooting
the
2. Carr
the
ate), the auction deposit paid at the time of biddin
g
be
passed
e
e
owner
shall
e the auction or published befor
videos at the auction site at its discr
y the Compan
the auction by the Company. If a Reserve has not been set for videos at the auction site at its discretion. decide; Buyer has fully paid the P urchase P rice and all monies that r registration shall not be refunded, and it shall at the same Compan y or other places shall be borne b y the Buyer . Only
a
the auction b
on
nd
l
r
l
t
not
ef
a
s
un
sh
i
t
Buyer has fully paid the Purchase Price and all monies that
l
y
th
. If a R
etion.
decide;
e
be
ti
egi
ha
ded,
stra
eser
sa
a
ve has not been set for
Company or other places shall be borne by the Buyer. Only
l
me
a Lot, unless there has already been bidding, the Auctioneer,
a L ot , unless ther e has alr eady been biddin g, the Auctioneer , 3. W ithdra w al of an y L ot , dividin g it for au ction se p arate ly , the Buyer owes the Compan y . time bear the r elev ant r esponsibilities accor din g the aft er the Buyer has paid the full amount of the P urchase P rice,
the Buyer owes the Company.
after the Buyer has paid the full amount of the Purchase Price,
3. Withdrawal of any Lot, dividing it for auction separately,
time bear the relevant responsibilities according the
VENT
TICLE 39 HANDLING OF ABN
OR
AR
MAL E
g price, but
in his or her discretion, may determine the starting price, but ARTICLE 39 HANDLING OF ABNORMAL EVENTS S combinin g an y two or mor e L ots for auction; provisions of the Conditions of Business; if the Buyer has it c a n c oll ec t the L ot (pa c k in g a n d movi n g c osts, ins ur a n c e
y determine
in his or her discr
etion,
it can collect the Lot (packing and moving costs, insurance
ma
the star
tin
provisions of the Conditions of Business; if the Buyer has
combining any two or more Lots for auction;
e
the
L
xpenses r
4. If there are errors or disputes, no matter if they occur
s at the auction site, the
aft
stimate of the L
this shall not be higher than the lowest E
er
ar
t shall be at the Buyer's
y abnormal event occur
If an
f
AR
ots
a
ot
xpenses, e
L
xpor
elated to e
paddle,
ISK
the
TICLE 54 TRANSFER OF R
this shall not be higher than the lowest Estimate of the Lot If any abnormal event occurs at the auction site, the 4. If the r e ar e e rror s or disp ut es, no matt e r if t he y occur ARTICLE 54 TRANSFER OF RISKS S bought a few Lots with the same paddle, after the Lots are e expenses, expenses related to export shall be at the Buyer's
ots
bought
same
with
ew
oft
befor e the auction. Compan y has the right to tak e emer gency actions. If an y durin g or aft er the auction, he shall ha ve the right to decide After the bidding has succeeded, the risks ofthe Lot shall be sold, if the Buyer has not paid the P urchase P rice of an y of e expense);
the
biddin
the
before the auction.
risks
during or after the auction, he shall have the right to decide
succeeded,
shall
g
L
er
ot
sold, if the Buyer has not paid the Purchase Price of any of
xpense);
be
Aft
Company has the right to take emergency actions. If any
has
he
e
ted,
y bear an
n
entir
xpenses
ute arise
ft
the
B
y
the
a
nder no circumstances shall the Compan
2.
Comp
all
stipul
b
s at the
e
the
th
risks
uyer
a
incurr
e
auction site, the
er
y liability
ithi
ed
L
w
tion
ots
f
a
uc
the successful Bidder, whether or not to continue the
i
y has rig
ur
time
of
ﬔ
and
c
Buyer
U Under no circumstances shall the Company bear any liability dispute arises at the auction site, the Company has right to the suc c ess f ul Bi dder , w hether or not to c ontinue the borne by the Buyer itself after the occurrence of one of the the Lots within the time stipulated, then the entire auction 2. ﬔe Buyer shall bear all the risks and expenses incurred
of
the
disp
an
en
shall
one
e
r
tsel
then
e
c
oc
the
borne
ht to
the
bear
auction, to cancel the auction or place the L
efunded, and it shall
er the deadline as stated in the Conditions of Business if it
aft
at the same time
mediate and settle it.
when the bids for a L ot do not r each the R eser ve. If the bids mediate and settle it . auction, to cancel the auction or place the Lot under dispute followin g events (whichever earlier): deposit shall not be refunded, and it shall at the same time after the deadline as stated in the Conditions of Business if it
when the bids for a Lot do not reach the Reserve. If the bids
following events (whichever earlier):
deposit shall not be r
ot under dispute
that deadline. If
r
e
R
the
within
or
ve,
eser
her
collect the L
er
ot
bear the relevant responsibilities according the provisions of
tioneer
n
1. ﬔe Buyer has collected the Lot; or
tha
Auc
cannot
concerned
the
for auction again;
are lower than the Reserve, the Auctioneer, in his or her for auction again; 1. ﬔ e Buyer has collected the L ot; or bear the r elev ant r esponsibilities accor din g the provisions of cannot collect the Lot concerned within that deadline. If the
the
s
hi
a
,
low
n
i
2. ﬔe Buyer has fully paid the Purchase Price for the Lot to
ve.
AR
discretion, may sell the Lot at a price lower than the Reserve. ARTICLE 40 CONFIRMATION OF BUYER'S IDENTITY Y 5. ﬔ e A uctione e r ma y op e n and carr y ou t t he b idd in g at a 2. ﬔ e Buyer has fully paid the P urchase P rice for the L ot to the Conditions of Business; Buy er has not yet collected the L ot within 30 da ys from the
'S IDENTIT
ot at a price lower than the R
Buyer has not yet collected the Lot within 30 days from the
eser
MA
TI
ON OF BUYER
ONFIR
discr
the Conditions of Business;
TICLE 40 C
etion, ma
5. ﬔe Auctioneer may open and carry out the bidding at a
y sell the L
Buyer
g incr
must
ale
e
Bidder
aft
car
D
e
ate),
tak
s suitable, and
good
e
ﬔ
the Company; or
ale
notifyin
ate
(includin
D
er
the
S
ements that he consider
g
the
g
level with biddin
of
his/her/its
2. If the Buyer fails to pay the Purchase Prices in full to
How ever under suc h c ir c umsta nc es, the a moun t th a t the ﬔe Bidder must take good care of his/her/its paddle and be level with bidding increments that he considers suitable, and the Compan y; or 2. If th e B uyer f a i l s to pa y th e P ur c h a se P ri c es i n f ul l to S Sale Date (including the Sale Date), after notifying the Buyer, ,
be
paddle
and
However under such circumstances, the amount that the
3. ﬔe expiry of seven days after the Sale Date (including the
the Compan
the Compan
Compan y shall pa y the S eller shall be the amount that the caut ious not to lose it . ﬔ e Bid de r shall not le nd his/ he r/its has the right to bid on behalf of the S eller up to the amount 3. ﬔ e e xpir y of seven da ys aft er the S ale D ate (includin g the the Company within 7 days from the Sale Date (including the Company has the right to sell that Lot in a public auction
g
y within 7 da
cautious not to lose it. ﬔe Bidder shall not lend his/her/its
ate (includin
ale D
ot in a public auction
Company shall pay the Seller shall be the amount that the
has the right to bid on behalf of the Seller up to the amount
ys from the S
y has the right to sell that L
ve.
the S
ate).
s, or the Bidder shall assume all legal liability
of the Reserve, either by placing consecutive bids or by
paddle to other
y has the right to appoint a
eceive as if the L
eller would r
S Seller would receive as if the Lot was sold at the Reserve. paddle to others, or the Bidder shall assume all legal liability of the R eser ve, either b y placin g consecutive bids or b y S Sale Date). the Sale Date), the Company has the right to appoint a or by a method and with methods and conditions that it
y a method and with methods and conditions that it
ot w
as sold at the R
ale D
eser
ate), the Compan
ale D
or b
t th
g his/her/its paddle.
e en
t of
r
e
efor
considers suitable. Any proceeds after the deduction of all
e
th
e or
r
ti
for other
the
pa
placing bids in response to other Bidders;
a
ot usin
z
ti
on
d pa
stimate is estimated at an earlier time b
r
ty or
g for the L
ga
i
he E
n
s
T The Estimate is estimated at an earlier time before the for others' act of bidding for the Lot using his/her/its paddle. placin g bids in r esponse to other Bidder s; third party organization to collect the entire or part of the consider s suitable. A n y p roceeds aft er the deduction of all
to c
' act of biddin
ec
i
ol
l
th
r
is
not
the losses, expenses (packing & moving costs, insurance
sellin
OT
g
rices that the Buyer owes;
urchase P
CTI
ate,
rmed
Auction
a
Auction Date, it is not a confirmed selling price, and is not 6. Adoption of other actions that he considers as appropriate. ARTICLE 55 COLLECTION OF THE LOT Purchase Prices that the Buyer owes; the losses, e xp ense s (p ack in g & movin g costs, insurance
AR
confi
OLLE
it
is
D
and
s as appropriate.
P
not
6. Adoption of other actions that he consider
p
rice,
TICLE 55 C
ON OF THE L
xpor
AR
elated to
y the P
e
urchase P
TICLE 41 AB
esponsibility for the lot passes to the Buyer at the
and notarial
xpenses r
rice in full within
ee,
SENTEE BIDS
, S
isk and r
t
F
torage
costs, e
lega lly bindin g. E stima tes c a nnot be used a s a f or ec a st of ARTICLE 41 ABSENTEE BIDS R Risk and responsibility for the lot passes to the Buyer at the 3. If the Buyer fails to pay the Purchase Price in full within costs, expenses related to export, Storage Fee, and notarial
legally binding. Estimates cannot be used as a forecast of
3. If the Buyer fails to pa
AR
ys
from
y the Compan
ed b
da
Bidders shall attend the auction in person. If a Bidder or its
ESER
of
VE
TICLE 46 N
(includin
O R
the Hammer Price of the Lot, and the Company has the right
the Hammer P rice of the L ot , and the Compan y has the right Bidder s shall attend the auction in per son. If a Bidder or its ARTICLE 46 NO RESERVE e expiration of thirty calendar days from the Sale Date (including g 7 da y s from the S ale D ate (includin g the S ale D ate), the e expenses etc.) incurred by the Company from the disposal
ty
thir
7 days from the Sale Date (including the Sale Date), the
calendar
D
ale
xpenses etc.) incurr
y from the disposal
S
xpiration
the
ate
a
y the Buyer
s
Company has the right to charge interest at 0.03% per day
ale D
. After
dy
the S
shall be taken back by the Buyer; such balance is non-
, if earlier
lr
ate). or on collection b
ea
ha
R
stimate alr
e
unless
or
i
thout
those
eady made.
a
L
agent cannot attend in person, it can appoint the Company
ots
to r
evise from time to time the E
ve,
to revise from time to time the Estimate already made. agent cannot attend in per son, it can appoint the Compan y F For those Lots without a Reserve, unless there has already the Sale Date). or on collection by the Buyer, if earlier. After Compa n y ha s the right to c ha r ge inter est a t 0.03% per da y shall be tak en back b y the Buyer; such balance is non-
ther
w
eser
e the proceeds back
writin
ed, includin
bid
Compan
g
thir
r
wise the Auctioneer
tion sta
xpenses incurr
y after the
the
on
on the unpaid por
est-bearin
g. If the Buyer fails to tak
behalf
inter
in
in writing for the Company to bid on its behalf. ﬔe Company y been bidding, otherwise the Auctioneer, under his own thirty calendar days, all expenses incurred, including but not on the unpaid portion starting from the 8th day after the interest-bearing. If the Buyer fails to take the proceeds back
its
been biddin
for
ty calendar da
ys, all e
g but not
, under his own
g from the 8th da
to
.
e
g, other
Compan
y
ﬔ
tin
CTI
aft
shall
has fully paid the
e is no
D
S
t or not accep
the
ale D
deposited
y decide the star
ARTICLE 34 BIDDERS' INSPECTION has the discretion to accept or not accept the above discretion, may decide the starting price. If there is no limited to storage, movin g, insurance will be for the account of S Sale Date until the day on which the Buyer has fully paid the two years after the Sale Date, the balance shall be deposited
da
etion to accep
y on which the
be
discr
t t
Buyer
two
AR
the
ate until the
limited to storage, moving, insurance will be for the account of
tin
g price. If ther
ate,
ab
year
TICLE 34 BIDDERS' INSPE
etion, ma
has the discr
er
ale
ON
ove
balance
he
s
g the
o
An
h
Bi
on
monies, with the exception that the Buyer has otherwise
dder
y
.
Compan
w
Although
a
h
the
Buyer
a
the
or
to a Hon
use
ppoi
ppoi
t b
n
shall
ts
easonable
y after deductin
r
the
g K
ntment
eff
RESPONSIBILITY
nted
Compa
g cour
R ESPONSIBILIT Y appointment. Any Bidder who has appointed the Company y bi ddi n g a t s uc h a pr i c e, th e Auc ti on eer w i l l , a t h i s ow n the Buyer. Although the Company shall use reasonable efforts monies, with the e x ception that the Buyer has other wise to a Hong Kong court by the Company after deducting the
a
y
s
bidding at such a price, the Auctioneer will, at his own
y the Compan
.
e car
s, pack
e of purchased L
ve the
T The Bidder and/or his/her/its agents shall have the to bid shall handle the appointment formalities within the discr etion, lower the price and continue the auction until a to take care of purchased Lot and suggest handlers, packers or agreed with the Company; y; relevant expenses (including legal fees).
ees).
ant e
g legal f
to bid shall handle the appointment formalities within the
er
ot and suggest handler
r
he Bidder and/or his/her/its agents shall ha
xpenses (includin
elev
s or
eed with the Compan
discretion, lower the price and continue the auction until a
agr
to tak
the
per
son
r
y
esponsibleto
in
esponsibility to learn about the actual
4. T
g
to
an
carrier
is
ot
y
r
responsibility to learn about the actual conditions of the Lot period stipulated (no later than thr ee business da ys), and Bidder star ts to bid, then he will continue the auction at that carriers, the company is not responsibleto any person to whom 4. The Buyer shall bear the risks and expenses of taking
compan
not
period stipulated (no later than three business days), and
he Buyer shall bear the risks and e
conditions of the L
xpenses of tak
whom
s,
Bidder starts to bid, then he will continue the auction at that
ARTICLE 60 LIMITED WARRANTY
sur
n
the
g th
price and then continue up from that amount.
produce a completed Absentee Bid Or
y
ot i
der to the Compan
i
e L
n
n
out a
n
, mov
y
a
i
we have made are commendation for the acts or omissions of
n
d stor
and shall be legally liable for his/her/its bid for a certain
i
e pol
nc
c
and shall be legally liable for his/her/its bid for a cer tain produce a completed Absentee Bid Order to the Company, , price and then continue up from that amount . we ha ve made ar e commendation for t h e a c t s o r o m i s s i o n s o f out an insurance policy, moving and storing the Lot in the AR TICLE 60 LIMITED W AR RANT Y
n
g a
i
and at the same time pa
stron
the
arranty to the Buyer: If the
y provides general w
gly
ot
ﬔ
advises
L Lot. ﬔe Company strongly advises the Bidders to personally and at the same time pay the auction deposit according to the thir d par ty concerned. Compan y or other places; 1 1.The Company provides general warranty to the Buyer: If the
Company or other places;
.
T
s
per
din
y
Compan
.
e
to
the third party concerned.
sonally
g to
y the auction deposit accor
Bidder
he Compan
ten
5. To sue the Buyer or apply to Arbitration Agency for
i inspect the original Lot they intend to bid for before the the Conditions of Business. AR TICLE 47 IMA G E DISPL A Y B O AR D AND 5. T o sue the Buyer or apply to Arbitration Agency for L Lot sold by the Company is later found to be a counterfeit, the
t th
ot sold b
a
e
eit
n
l
or
pec
e th
d to bi
ot th
bef
n
gi
y is later found to be a counterf
, the
or
y the Compan
ARTICLE 47 IMAGE DISPLAY BOARD AND
e or
s
d f
L
i
ey i
n
the Conditions of Business.
O
mediation, demand for compensation for all the losses due
AR
CUR
ENC
Auction D
s
R
O
Auction Date by authentication or other means. Bidders If the Bidder who has app ointed the Compan y to b id needs CURRENCY CONVERSION BOARD ARTICLE 56 PACKING, HANDLING AND MOVING mediation, demand for comp ensation for all the losses due Compa n y w i l l c a nc el th a t dea l a c c or din g to the ter ms of the
Y C
AR
If the Bidder who has appointed the Company to bid needs
y authentication or other means. Bidder
D
A
Company will cancel that deal according to the terms of the
CK
ONVERSI
ate b
VING
ON B
ING, HANDLING AND M
TICLE 56 P
y pac
n
shall judge by themselves whether Lot complies with the to cancel the absentee bid, it shall notify the Company no To facilitate Bidders, the Company may use image projector If the employees of the Company pack and handle the Lot to the breach of contract by the Buyer including but not Conditions of Business, and will r eturn to the Buyer in the curr ency
bsentee bid,
the a
g but not
ot
T
each of contract b
it
ancel
Conditions of Business, and will return to the Buyer in the currency
s, the Compan
ll notif
no
e b
y use image projector
k a
y the
nd handle the
c
to
y the Buyer includin
lies with the
L
shall judg
y
y ma
ot comp
If the employees of the Compa
sha
y themselves whether L
to the br
o facilitate Bidder
Compan
g to the latter's
limited to economic
din
or other forms of display boards in the auction. ﬔe contents
xpenses, default penalty and
descriptions in the Compan y's catalogue of the L ot and later than 24 hour s befor e the Auction D ate. or other forms of displa y boar ds in the auction. ﬔ e contents bought on behalf of the Buyer according to the latter's limited to economic loss, legal expenses, default penalty and of the orig inal deal the Hammer P rice tog ether with the Buye r' s
later than 24 hours before the Auction Date.
descriptions in the Company's catalogue of the Lot and
loss, legal e
bought on behalf of the Buyer accor
of the original deal the Hammer Price together with the Buyer's
y the
e ar
Commission that the Buyer has paid to the Compan
equir
e for r
other images and public materials, rather than r elyin g on the shown are for reference only. It is possible that there are r requirements, this is considered as a service provided by the pass due inter est caused b y the dela y in pa yment or r efusal Commission that the Buyer has paid to the Company for the Lot. .
er
as a ser
ements,
other images and public materials, rather than relying on the
pass due interest caused by the delay in payment or refusal
e
y for the L
shown ar
b
this is consider
vice provided
ef
. It is possible that ther
ence only
ed
ot
n
i
bl
on
r
ARTICLE 42 AUCTION RESULTS OF ABSENTEE BID
e r
Company to the Buyer and the Company has the discretion
ega
th
ed o
n
s
n
th
a
i
r
catalogue, images and public materials to mak e decisions. AR TICLE 42 A UCTI ON R ESUL T S OF AB SENTEE BID diff er ences in the information such as the amount , r ef er ence Compa n y to the Buyer a nd the Compa n y ha s th e disc r etion to mak e pa yments b y the Buyer; I In this regard, based on the reasonable opinion of the Company, ,
e Com
th
y
to make payments by the Buyer;
d, ba
s
pa
ea
n
s
differences in the information such as the amount, reference
of
e opi
on
catalogue, images and public materials to make decisions.
number of the Lot, images of the Lot or reference foreign
ef
arious aspects such as the source,
to decide whether to provide this ser
y losses
eits r
If a Bidder who has appointed the Company to bid, the
counterf
vice, if an
6. To retain that or any other Lot that the same Buyer has
If a Bidder who has appointed the Compan y to bid, the numb er of the L ot , imag es of the L ot or r e f er e nce for eig n to decide whether to provide this service, if any losses 6. T o r etain that or an y other L ot that the same Buyer has counterfeits refer to frauds in various aspects such as the source,
er to frauds in v
TRA
ge
TI
efrom, the Buyer shall bear them itself
c
ojec
the
or
y other proper
other
G
tor
f
etc
or
i
nder no
n
IS
ties or rights
bought via the Compan
y
r
y
ima
. U
show
TICLE 35 R
ARTICLE 35 REGISTRATION OF BIDDERS auction r esults and the r elated legal r esponsibilities shall be currency etc. shown in the image projector or other forms arise therefrom, the Buyer shall bear them itself. Under no bought via the Company, and any other properties or rights producer , place of origin, date, production year , duration, type,
auction results and the related legal responsibilities shall be
ON OF BIDDERS
E
.
enc
n
producer, place of origin, date, production year, duration, type,
ms
ur
, and an
arise ther
AR
pr
d
ear an
onsib
If the Bidder is a natural per
le for an
If the Bidder is a natural person, before the Auction Date, he/ borne by the Bidder. . of display boards and the Company shall not bear any y circumstances shall the Company be responsible for any y to proper ty of the Buyer th a t th e Compa n y h ol ds f or a n y cultur e or sou rce s e tc. of the ar ticle, and the corr ect descrip tion
y b
circumstances shall the Comp
s and t
an
borne b
e the Auction D
y
b
to property of the Buyer that the Company holds for any
Comp
isp
he
culture or sources etc. of the article, and the correct description
la
of d
son, befor
y
an
ate, he/
y the Bidder
oar
esp
e r
shall not b
she
i
a
O
n
easons, all the e
Bi
Absentee
e
xpenses and/or risks incurr
g
g the
ed durin
Bi
If
th
dder
in
r
tes
the
indic
d
et
der
of the
ictu
th
t
i
g
e
, b
she shall fill in and sign the registration documents with an
sh e sha l l fi l l i n a nd si gn the r egis tra tion doc uments w ith a n If the Bidder indicates in the Absentee Bid Order that it bids responsibilities for any losses caused by such differences. damage of the glass or picture frame, box, backing sheet, , r reasons, all the expenses and/or risks incurred during the of the above points ha ve not been r ecor ded in the contents of the
x, b
y such diff
damag
o
a
esponsibilities for an
y losses caused b
lass or p
ds
bi
frame
ences.
ack
er
t
of the above points have not been recorded in the contents of the
r
e
r
en into consideration).
catalogue (an
frame case, mounting, inserts, rolling rod or similar auxiliary
y instant communication methods such as telephone, it
b
y the Buyer
. If the Buyer fails
identity document with photo issued b y the government (such by instant communication methods such as telephone, it frame case, mountin g, inser ts, rollin g rod or similar auxiliar y r retention period shall be borne by the Buyer. If the Buyer fails catalogue (any special terminologies are taken into consideration).
e tak
y special terminologies ar
identity document with photo issued by the government (such
etention period shall be borne b
a
rate
ithin the period spec
as resident identity card or passport), and provide proof of shall fill in the instant communication method accurately AR TICLE 48 SUC CESSFUL BID objects caused by any reasons. to perform all its duties concerned within the period specified An y damage and/or an y type of r estor ed item and/or r epair ed
proof
c
Any damage and/or any type of restored item and/or repaired
d
ARTICLE 48 SUCCESSFUL BID
orm a
or
esident
provide
a
identity
ly
y an
t),
s
instant communication me
a
r
nd
ed
y r
to perf
shall fill in the
easons.
thod accu
r
sspor
of
ll its duties c
erned w
objects caused b
onc
pa
ifi
y
items (including repainting or painting on top of it) of the Lot shall
y
her
n
he fact that the Auctioneer confirms the highest bid of a
the current address (e.g. utility bill or bank statement); if the and keep the instant communication instrument properly, , T The fact that the Auctioneer confirms the highest bid of a Where the Buyer requests the Company to assist it in b by the Company, the Company has the right to issue a lien items (includin g r epaintin g or paintin g on top of it) of the L ot shall
and k
bill or bank statement);
the curr
ent
the Compa
, the
equests the Compan
e the Buyer r
Compa
e
y to assist it in
lien
utility
erly
ep
ess (e.g.
rop
n
the instant communication instrume
y has the right to issue a
nt p
addr
if the
W
a
g the purchased L
k
not be considered as counterfeit. Please pay attention that if
h
i
dur
notice tothe Buyer
agin
c
e per
s
w
e Com
n
Bidder is a company or other organization, before the Auction
Bidder is a compan y or other or ganization, befor e the Auction during the period in which the Company is appointed to bid, Bidder by striking his/her hammer or in any other manner of collecting the purchased Lot (the packaging, mailing and notice tothe Buyer and dispose of the items under lien if the not be c onsider ed a s c ounterf eit . Please pa y attention that if
n
of the
y strik
g, mailin
g th
g his/her hammer or in an
in
y other manner of
c
h
i
th
ppoi
ted to
tin
and dispose
ot (the pac
n
items under
o
pa
d i
bi
ollec
y i
Bidder b
g and
lien if the
d,
n
i
l
nd
n
ll
on
i
dder
a
e
e
ty
a
e
l
a
ha
n
s
l
ll outstandin
tua
a
s
ti
s
gn
sh
id
ha
not
of
th
sh
th
e th
th
si
on
ta
us
spor
l
y
t i
ol
ti
not yet fully pa
g
a
f
e Bi
a
l
mun
l
l
w
a
be pa
s
i
) b
stra
a
g
Buyer
a
s
fi
ow
s
publicly confirming the sale shall indicate the conclusion of a
h
om
a
nd
a
a
uments
n
on
,
i
y the Buyer
doc
on i
in
ti
ithin
a
th
ppens
i
ti
n
ument
l
d b
s
te,
c
tr
w
i
r
l
it
a
r
ta
pen
n
egi
nt c
mounts
s
D Date, it shall fill in and sign the registration documents and the Bidder shall use that instant communication instrument publicly confi rmin g the sale shall indicate the conclusion of a tr transportation expenses shall be paid by the Buyer) by y Buyer has not yet fully paid all outstanding amounts within any of the following situations happens, this warranty shall not
n
ses
x
a
h
r
aft
of
notice.
e the instant communication instrument is lost or
a
er
e ba
means of post, express delivery or transportation, the
te
ogue a
lien
v
of
ti
er
gen
ec
c
th
l
ten
fi
a
h
ys
eller
on
items
c
l
inc
of
l
ppl
oll
da
her
that
orpor
c collect a paddle with its valid certificate of incorporation itself. Where the instant communication instrument is lost or sales contract for the Lot between the Bidder and the Seller. . means of post , e xpr ess deliver y or transpor tation, the 30 days after the issue of that notice. if the items under lien a apply; The contents of the catalogue are based on generally y
. W
e c
r
its
pa
tion
a
issue
itself
th
ts
sales contract for the L
under
ddle
ot between the Bidder and the S
s
e c
t
the
y; T
30
a
the
w
ta
lid
a
a
i
ed on
er
if
yable
monies
pa
ed the L
y shall be deemed to ha
b
it cannot be within control, the Bidder shall immediately use a
insuffi
ot and the
ar
the
to
accepted opinion of academics and specialists on the selling date,
e
off
all
Compan
and proof of shareholding and legitimate authorization
cient
ve deliver
and proof of shar eholdin g and legitimate authorization it cannot be within control, the Bidder shall immediately use a Company shall be deemed to have delivered the Lot and the are insufficient to offset all the monies payable by the Buyer accepted opinion of academics and specialists on the sellin g date,
Buyer
y
set
the
ge the instant
y
y the Compan
y to chan
to the Compan
ecognized b
or contradictions in opinions are shown in the contents of the
AR
OMMISSI
Buyer shall be deemed to have collected such Lot according
document. ﬔe Company may request the Bidder to present
document . ﬔ e Compan y ma y r equest the Bidder to pr esent written form recognized by the Company to change the instant ARTICLE 49 COMMISSION AND EXPENSES Buyer shall be deemed to ha ve collected such L ot accor din g to the Company, the Company has the right to claim them; or contradictions in opinions ar e shown in the contents of the
XPENSES
ON AND E
written form r
TICLE 49 C
, the Compan
y has the right to claim them;
talogue;
l the
tion to cance
ommunic
or On the
sale
or
a
sellin
e
da
a
tion
proof of bank details or other proof of financial conditions for
g the
After the Bidder has succeeded in bidding, it will become
to the
te,
has sole
proof of bank details or other proof of fi nancial conditions for c communication method filled in the Absentee Bid Order. . Af ter the Bidder ha s suc c eeded in bi ddin g, it w il l bec ome to the normal procedure upon the Company's delivery of the 7. The Company has sole discretion to cancel the sale or c catalogue; or On the selling date, the only method of proving the
C
normal
omp
filled
g
e upon the Compan
he
provin
of
d
an
Bid
y's deliver
iscr
O
method
y of
the only method
y
the
Absentee
7. T
der
r
in the
procedur
f
th
uyer
, e
xpr
Compan
o
a
is ap
eit is not a method which can be used in general;
y and transpor
agree that the Consignor can cancel the deal, and reserve
tation entities,
yment purposes.
id, it shall
pointed to b
ot is a counterf
payment purposes. During the period the Company is appointed to bid, it shall the Buyer of that Lot. A buyer's premium will be added to Lot to the post, express delivery and transportation entities, agr ee that the Consignor can cancel the deal, and r eser ve Lot is a counterfeit is not a method which can be used in general;
ess deliver
e B
L
th
pa
y
ed to
g
's
i
A buyer
.
to the
l
ot
i
um
em
L
pr
eriod the
w
the p
t L
l
dd
Durin
be a
post
ot
nc
a
r
t of
i
par
ec
, the biddin
y the buyer a
b
e r
em
c
h
. T
y h
of
es
f
ed;
i
i
h
gh
z
s
el
mmer P
h
n
ei
and is
h
pa
r
Ha
e
r
e us
o
ric
i
es
i
th
c
c
c
ge o
the
s
/br
pr
oyees
i
i
a
ya
empl
th
ompa
ble
w
e;
ogn
mak
h
c
make appropriate efforts to contact the Bidder, the bidding g the Hammer Price and is payable by the buyer as part of companies or their employees/branch offices. The risks s the right to claim all the losses suff er ed b y the Compan y due which is recognized; which is extremely high price; the usage of f
i
s
tr
k
the right to claim all the losses suffered by the Company due
ts to contact the Bidder
e
x
for
i
s
w
e appropriate ef
h
i
meth
s
od ma
tion
t
a
i
. U
y the Buyer
c
pr
the total purchase price. ﬔe buyer's premium is 20% of the
ic
in
ve c
a
nt
be borne b
on
;
to the cancellation of that deal;
nf
ti
AR TICLE 36 P ADDLE information transmitted by that instant communication the total purchase price. ﬔ e buyer's pr emium is 20% of the arising from this process shall be borne by the Buyer. Unless to the cancellation of that deal; such method is impractical; or this method may have caused
l
nless
a
tted
ARTICLE 36 PADDLE
c
s
or
used
y
meth
od i
th
a
b
s
ommun
g from this process shall
c
m
ma
uc
a
y h
h
i
or
sta
tha
tra
nsmi
i
arisin
ti
ot i
hammer price of each lot and at the same time other Buyer's
8. ﬔe Company can place the Lot for auction again or sell it
s
y can announce befor
t i
t (w
T
Buyer gives a clear indication and pays insurance premium,
damage to the L
The Company can announce before the Auction Date the instrument (whether or not it is transmitted by the Bidder hammer price of each lot and at the same time other Buyer's Buyer gives a clear indication and pa ys insurance pr emium, 8. ﬔ e Compan y can place the L ot for auction again or sell it damage to the Lot or may (according to the reasonable opinion of
ate the
e B
n
mi
i
a
eth
s
y th
he Compan
tr
din
ot or ma
i
n
tted b
easonable opinion of
e the Auction D
s
n
h
en
dder
tr
er
g to the r
or
y (accor
um
s
es
a
on
a
o
f
o
ddl
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edur
n
r
a
n
n
th
g pa
r
n
o
gi
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ti
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e f
r
d pr
c
conditions and procedures of arranging paddle for the per sonally or the Bidder's agent) shall be consider ed as Expenses, and recognizes that the Company can charge the no insurance is provided in the process of mailin g, e xpr ess b by other means according to the provisions of the Conditions the Compan y) ha ve alr eady caused the L ot to lose v alue; or If the
ge the
y can
personally or the Bidder's agent) shall be considered as
xpenses, and r
din
ecognizes that
the Company) have already caused the Lot to lose value; or If the
y other means accor
char
g to the provisions of the Conditions
E
no insurance is provided in the process of mailing, express
the Compan
s
m
of the
a
eller e
tt
ot
ed
delivery or transportation generally.
n
g
i
din
b
S
xpenses accor
th
r
bea
e
ega
Bidder according to different auction conditions and auction
n
d
l
l
er
i
dd
y material v
s
a
l
Compan
B
h
Bidder accor din g to diff er ent auction conditions and auction tr transmitted by the Bidder itself, and the Bidder shall bear legal l Seller the commission and other Seller expenses according deliver y or transpor tation generally . of Business with the consent of the Seller, and the Company y L Lot has not lost any material value from the description of the Lot. .
dder
i
, and the
ts
i
y
consent
eller
B
e
th
el
,
S
of Business with the
a
eller the commission and other S
ot has not lost an
alue from the description of the L
f
methods etc., including but not limited to the qualification r responsibilities for the actions taken by it. Unless the Buyer to provisions of the Consignment Agr eement . The Company shall undertake no liability for any error, , r reserves the right to decide the Estimate and Reserve. ﬔe 2 2.Unless otherwise provided in this article, the time limit of this
ticle, the time limit of this
wise provided in this ar
methods etc., includin
ty f
or
ation
ve.
i
eser
n
nd
R
a
nless the Buyer
l
e
l
o
k
e n
a
bi
i
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a
i
ves
de
th
eser
the
to
t
dec
r
igh
e
r
y it
y er
te
. U
ma
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en b
sti
esponsibilities for the actions tak
or
.
a
h
U
un
der
l
l
g but not limited to the qualific
pa
h
e Com
y s
T
nless other
n
ta
to provisions of the Consignment Agreement.
ti
agin
dder
w
is
n
and conditions for the Bidder to arrange a paddle. The itself has chan ged the instant communication method fi lled in omission, damage or destruction caused by the packaging g original Buyer shall pa y the commission and other Buyer's warranty is 5 years from the Sale Date concerned. ﬔis limited
e
a
d c
itself has changed the instant communication method filled in
on
r
e B
on
r
is
di
the
S
omission, damage or destruction caused b
5
i
original Buyer shall pay the commission and other Buyer's
th
ale
limited
concerned.
s
e. T
ﬔ
y the pack
a
or
pa
f
year
s
ddl
from
ate
ge a
D
n
h
arranty
to a
Company solemnly reminds that a paddle is the only proof the Absentee Bid Or der b y a written method r ecognized b y the AR TICLE 50 T A XES compan y and post , e xpr ess deliver y and transpor tation E Expenses and the Seller in the first auction, and it shall w arranty is e x clusively enjoyed b y the Buyer , and shall not be
ARTICLE 50 TAXES
y solemnly r
eller in the fir
eminds that a paddle is the only proof
company and post, express delivery and transportation
xpenses and the S
Compan
the Absentee Bid Order by a written method recognized by the
st auction, and it shall
warranty is exclusively enjoyed by the Buyer, and shall not be
the
a
for the Bidder to participate in the auction at the venue. ﬔe Company. All telephone bids may be recorded and kept at Poly All the monies that the Buyer pays to the Company are net entities or companies designated b y the Buyer or bear all the costs of the second auction or the sale of the transferred to any third party. In order to make claims based on
ll the
A
y
he
y
Bidder
s that the Buy
Comp
s to t
an
ar
e net
er p
for
monie
auction
the
the
ﬔ
in
at
par
venue.
ticipate
e
to
err
ept at P
. In or
y thir
ed to an
bear all the costs of the second auction or the sale of the
y be r
entities or companies designated by the Buyer or
transf
der to mak
d par
Compan
ty
y
ecor
oly
. All telephone bids ma
ded and k
e claims based on
arranty
Auction (Hon
g for telephone
eep
notify
writin
s to
amounts, which shall not include any tax on goods, tax
the
y to the Buyer
this
y
,
g
it properly
y the Compan
other
Bidder
Buyer
the
Bidder shall keep it properly and shall not lend it to others to Auction (Hong Kong)'s sole discretion, by opting for telephone amounts, which shall not include an y ta x on goods, ta x recommended by the Company to the Buyer. . Lotby other means. If the price obtained from the second this warranty, the Buyer shall:-(1) notify the Company in writing
Compan
and shall not lend it to
w
in
otb
L
etion, b
y other means. If the price obtained from the second
shall:-(1)
y optin
r
shall k
on
g K
ecommended b
g)'s sole discr
y other means is lower than
immediately handle the loss r
sation will be
auction or the sale of the L
ot b
use it. If it is lost, it shall immediately handle the loss report t bids, the Bidder agrees that its phone conversation will be on services or other value added tax (whether levied by y auction or the sale of the Lot by other means is lower than w i thin one month a f ter th e r ec eipt of a n y i nf orma ti on w h ic h
use it
. If it is lost
, it shall
epor
alue added ta
within one month after the receipt of any information which
ees that its phone conver
x (whether levied b
vices or other v
bids, the Bidder agr
on ser
leads the Buyer to doubt the authenticity or attributes of the L
ll pa
, E
ecognized b
the original auction sum, the original Buyer sha
Hong Kong or other regions). If there is any tax applicable
AR
formalities in a written form recognized by the Company. y . r recorded. Ho n g K o n g o r o th er r egi on s ) . I f th er e i s a n y ta x a ppl i c a bl e ARTICLE 57 IMPORT, EXPORT LICENSES AND the original auction sum, the original Buyer shall pay the leads the Buyer to doubt the authenticity or attributes of the Lot, ,
ded.
y the
T
formalities in a written form r
ecor
T LICENSES AND
TICLE 57 IMPOR
y the Compan
XPOR
ot
ef
ate and
, the Buy
ot
specifyin
PERMIT
tfall;
lf accor
r
son holdin
, the S
to the Buye
er
theless, under no circumstances shall the Compan
ale D
g a paddle has been appointed
er shall be
ar it itse
No matter if the per
Never
g
g the r
din
shor
ence number of the L
to the
No matter if the person holding a paddle has been appointed Nevertheless, under no circumstances shall the Company y to the Buyer, the Buyer shall bear it itself according to the PER MIT shortfall; specifying the reference number of the Lot, the Sale Date and
for
y
, his or her biddin
y the Bidder or not
impor
ws curr
r
esponsible
t
ﬔ
and
be
e
e
provisions of the r
ently in force.
obtainin
g acts at auction ar
elev
ant la
g
Buyer
an
b by the Bidder or not, his or her bidding acts at auction are be responsible for any unsuccessful contact or errors s provisions of the relevant laws currently in force. ﬔe Buyer shall be responsible for obtaining any import and 9. T o of fset an y monies r elated to the L ot that the Buyer r reasons for which it is considered as counterfeit. For the Lots
shall
e
e f
pons
onta
it
er
. F
ed
be r
or
err
or the
9. To offset any monies related to the Lot that the Buyer
ots
uc
rf
ibl
n
c
ess
y uns
or
es
c
t or
a
L
ul c
f
asons for which it is consid
as counte
e
t
l
g been made b
enses,
e
xpor
ic
son
tha
nima
s
l
g
t
ed per
ed
consider
a
considered as having been made by the registered person or omissions in the bidding process using that instant export licenses, permit for endangered animals or other owes the Compan y b y an y sums that the Compan y owes the of alcohol and tea, notifi cation should be sent to the Compan y
g proc
owes the Company by any sums that the Company owes the
omissions in
the
ed as ha
biddin
other
or
ess
or
usin
insta
vin
enda
y the r
mit
nt
or
egister
f
per
n
ger
of alcohol and tea, notification should be sent to the Company
communication instrument
AR
, and the Bidder shall bear the legal r
within one week; (2) return the Lot to the Company in the
aspects r
TICLE 51 P
Buyer in any other transactions;
himself, and the Bidder shall bear the legal responsibilities communication instrument. . ARTICLE 51 PAYMENT TIME aspects related to the Lot. Failure or delay in obtaining g Buyer in an y other transactions; within one week; (2) r eturn the L ot to the Compan y in the
himself
e or dela
esponsibilities
YMENT TIME
elated to the L
. F
ot
A
y in obtainin
ailur
r
s a
for the acts of the former , unless the Bidder himself has Afte r the L ot is successfully sold in an auction, unle ss a any permits required shall not be deemed as a reason for 10. ﬔ e Compan y can decide to use an y monies paid b y the same conditions as it w as on the date of sale , and the p rop er
for the acts of the former, unless the Bidder himself has
10. ﬔe Company can decide to use any monies paid by the
same conditions as it was on the date of sale, and the proper
for
ea
son
equir
ed
permits r
n
y
be
deemed a
ll not
sha
After the Lot is successfully sold in an auction, unless
