Page 52 - jingyatang sculptures march2018

bid on the lot by one or more of the live auction and is available prior to the sale 3. DURING THE AUCTION
BUYING AT AUCTION following means: a pre-sale or pre-lot date. The catalogue will help familiarize
announcement, by written notice at the you with property being o" ered at the The Auction!Auctions are open to
The following will help in understanding the auction or by including an irrevocable bid designated auction. Catalogues may be the public without any admission fee or
auction buying process as well as some of symbol in the e-catalogue for the sale prior purchased at Sotheby’s or by subscription obligation to bid. The auctioneer introduces
the terms and symbols commonly used to the auction. If the irrevocable bidder is in any categories. For information, please the objects for sale — known as “lots” — in
in an auction catalogue. All bidders should advising anyone with respect to the lot, call +1 212 606 7000 or visit sothebys. numerical order as listed in the catalogue.
read the Conditions of Sale and Terms of Sotheby’s requires the irrevocable bidder com. Prospective bidders should also Unless otherwise noted in the catalogue
Guarantee in this catalogue, as well as the to disclose his or her # nancial interest consult sothebys.com for the most up to or by an announcement at the auction,
Glossary or any other notices. By bidding in the lot. If an agent is advising you or date cataloguing of the property in this Sotheby’s acts as agent on behalf of the
at auction, bidders are bound by the bidding on your behalf with respect to a lot catalogue. seller and does not permit the seller to bid
Conditions of Sale and Terms of Guarantee, identi# ed as being subject to an irrevocable on his or her own property. It is important
as amended by any oral announcement bid, you should request that the agent Estimates!Each lot in the catalogue is for all bidders to know that the auctioneer
or posted notices, which together form disclose whether or not he or she has a given a low and high estimate, indicating may open the bidding on any lot by placing
the sale contract among Sotheby’s, # nancial interest in the lot. to a prospective buyer a range in which the a bid on behalf of the seller. The auctioneer
the seller (consignor) of the lot and any lot might sell at auction. When possible, may further bid on behalf of the seller, up
bidders, including the successful bidder ຎ Interested Parties the estimate is based on previous auction to the amount of the reserve, by placing
(purchaser). Lots with this symbol indicate that parties records of comparable pieces. The responsive or consecutive bids for a lot.
with a direct or indirect interest in the lot estimates are determined several months The auctioneer will not place consecutive
may be bidding on the lot, including (i) the before a sale and are therefore subject bids on behalf of the seller above the
1. SYMBOL KEY
bene# ciary of an estate selling the lot, or to change upon further research of the reserve.
(ii) the joint owner of a lot. If the interested property, or to re$ ect market conditions
႒ Reserves
Unless indicated by a box ( ႒ ), all lots party is the successful bidder, they will be or currency $ uctuations. Estimates should Bidding in Person!If you would like to
in this catalogue are o" ered subject to required to pay the full Buyer’s Premium. not be relied upon as a representation or bid, you must register for a paddle upon
a reserve. A reserve is the con# dential In certain instances, interested parties may prediction of actual selling prices. entering the salesroom. The paddle is
minimum hammer price at which a lot will have knowledge of the reserve. In the event numbered so as to identify you to the
be sold. The reserve is generally set at a the interested party’s possible participation Provenance!In certain circumstances, auctioneer. To register, you will need a
percentage of the low estimate and will not in the sale is not known until after the Sotheby’s may print in the catalogue the form of identi# cation such as a driver’s
exceed the low estimate of the lot. If any printing of the auction catalogue, a pre-sale history of ownership of a work of art if such license, a passport or some other type of
lots in the catalogue are o" ered without or pre-lot announcement will be made information contributes to scholarship government issued identi# cation. If you
reserve, such lots will be designated by indicating that interested parties may be or is otherwise well known and assists in are a # rst-time bidder, you will also be
a box ( ႒ ). If every lot in a catalogue is bidding on the lot. distinguishing the work of art. However, asked for your address, phone number
Sale will so state and this symbol will not be Ⴚ Restricted Materials the identity of the seller or previous owners and signature in order to create your
o" ered without a reserve, the Conditions of
account. If you are bidding for someone
may not be disclosed for a variety of
used for each lot. Lots with this symbol have been identi# ed reasons. For example, such information else, you will need to provide a letter from
at the time of cataloguing as containing may be excluded to accommodate a seller’s that person authorizing you to bid on that
Ⴜ Guaranteed Property organic material which may be subject to request for con# dentiality or because the person’s behalf. Issuance of a bid paddle is
The seller of lots with this symbol has restrictions regarding import or export. identity of prior owners is unknown given in Sotheby’s sole discretion.
been guaranteed a minimum price from The information is made available for the the age of the work of art. Once the # rst bid has been placed,
one auction or a series of auctions. This convenience of bidders and the absence of the auctioneer asks for higher bids, in
guarantee may be provided by Sotheby’s the symbol is not a warranty that there are Specialist Advice!Prospective bidders increments determined by the auctioneer.
or jointly by Sotheby’s and a third party. no restrictions regarding import or export may be interested in speci# c information To place your bid, simply raise your paddle
Sotheby’s and any third parties providing of the Lot; bidders should refer to Condition not included in the catalogue description until the auctioneer acknowledges you.
a guarantee jointly with Sotheby’s bene# t 12 of the Conditions of Sale. Please also of a lot. For additional information, please You will know when your bid has been
# nancially if a guaranteed lot is sold refer to the section on Endangered Species contact either a Sotheby’s specialist in acknowledged; the auctioneer will not
successfully and may incur a loss if the in the information on Buying at Auction. charge of the sale (all of whom are listed mistake a random gesture for a bid.
sale is not successful. If the Guaranteed in the front of the catalogue), or Sotheby’s If you wish to register to bid on a
Property symbol for a lot is not included ෢ Monumental Client Services Department. You may Premium Lot, please see the paragraph
in the printing of the auction catalogue, a Lots with this symbol may, in our opinion, also request a condition report from the above.
pre-sale or pre-lot announcement will be require special handling or shipping specialist in charge. All lots sold will be invoiced to the name
made indicating that there is a guarantee services due to size or other physical and address in which the paddle has been
on the lot. considerations. Bidders are advised to The Exhibition!An exhibition of the registered and cannot be transferred to
inspect the lot and to contact Sotheby’s
other names and addresses. Sotheby’s
Ⴄ Property in which Sotheby’s has an prior to the sale to discuss any speci# c auction property will be held the week prior reserves the right to refuse to accept
to the auction on the days listed in the front
Ownership Interest shipping requirements. of the catalogue. There you will have the payment from a source other than the
Lots with this symbol indicate that Sotheby’s opportunity to view, inspect and evaluate buyer of record.
owns the lot in whole or in part or has an Premium Lot the property yourself, or with the help of a
economic interest in the lot equivalent to an In order to bid on “Premium Lots” ( in Sotheby’s specialist. Absentee Bidding!If it is not possible
ownership interest. print catalogue or ² in eCatalogue) you for you to attend the auction in person,
must com plete the required Premium you may place your bid ahead of time. In
Salesroom Notices!Salesroom notices
຤ Irrevocable Bids Lot pre-registration application. You must amend the catalogue description of a lot the back of every catalogue there is an
Lots with this symbol indicate that a party arrange for Sotheby’s to receive your after our catalogue has gone to press. absentee bid form, which you can use to
has provided Sotheby’s with an irrevocable pre-registration application at least three They are posted in the viewing galleries indicate the item you wish to bid on and
bid on the lot that will be executed during working days before the sale. Please and salesroom or are announced by the the maximum bid you are willing to make.
the sale at a value that ensures that the lot bear in mind that we are unable to obtain auctioneer. Please take note of them. Return the completed absentee bid form
will sell. The irrevocable bidder, who may # nancial references over weekends to Sotheby’s either by mail or fax. When
bid in excess of the irrevocable bid, may be or public holidays. Sotheby’s decision Registration!Sotheby’s may require such the lot that you are interested in comes
compensated for providing the irrevocable whether to accept any pre-registration necessary # nancial references, guarantees, up for sale, a Sotheby’s representative will
bid by receiving a contingent fee, a # xed application shall be # nal. If your application deposits and/or such other security, in its execute the bid on your behalf, making
fee or both. If the irrevocable bidder is the is accepted, you will be provided with a absolute discretion, as security for your every e" ort to purchase the item for as
successful bidder, any contingent fee, # xed special paddle number. If all lots in the bid. If you are not successful on any lot, little as possible and never exceeding your
fee or both (as applicable) for providing catalogue are “Premium Lots”, a Special Sotheby’s will arrange for a refund (subject limit. This service is free and con# dential.
the irrevocable bid may be netted against Notice will be included to this e" ect and to any right of set o" ) of the deposit amount For detailed instructions and information,
the irrevocable bidder’s obligation to pay this symbol will not be used. please see the Absentee Bid Form and
paid by you without interest within 14
the full purchase price for the lot and the working days of the date of the sale. Any Guide for Absentee Bidders instructions at
purchase price reported for the lot shall 2. BEFORE THE AUCTION exchange losses or fees associated with the the back of this catalogue.
be net of any such fees. If the irrevocable refund shall be borne by you. Registration to
bid is not secured until after the printing The Catalogue!A catalogue prepared by bid on Premium Lots must be done at least Telephone Bidding!In some
of the auction catalogue, Sotheby’s will Sotheby’s is published for every scheduled 3 business days prior to the sale. circumstances, we o" er the ability to
notify bidders that there is an irrevocable place bids by telephone live to a Sotheby’s
50 JINGYATANG: TREASURES OF CHINESE BUDDHIST SCULPTURE