Page 307 - Sotheby's Important Chinese Art, Sept. 21-22, 2-21, NYC

HOW TO BID
CONDITIONS OF SALE to and including $4,000,000, and 13.9% Sanctioned Person(s), unless such Sotheby’s New York office is currently
of any amount in excess of $4,000,000. activity is authorized in writing by the open on a limited basis by appointment
The following Conditions of Sale and The overhead premium is 1% of the government authority having jurisdiction only. All collections and deliveries for
Terms of Guarantee are Sotheby’s, Inc. hammer price. over the transaction or in applicable law or purchased property will be handled by
and the Consignor’s entire agreement 4. Withdrawal We reserve the right to regulation. Post Sale Services in coordination with
with the purchaser and any bidders withdraw any property before the sale In order to bid on “Premium Lots” you purchasers after the auction. Unless
relative to the property listed in this and shall have no liability whatsoever for must complete the required Premium otherwise agreed by Sotheby’s, all
catalogue. such withdrawal. Lot pre-registration application. property must be removed from our
The Conditions of Sale, Terms of Sotheby’s decision whether to accept or our vendor’s premises (as indicated
Guarantee, the glossary, if any, and 5. Per Lot Unless otherwise announced any pre-registration application shall be on the invoice) by the purchaser at his
all other contents of this catalogue by the auctioneer, all bids are per lot as final. You must arrange for Sotheby’s to expense not later than 30 calendar days
are subject to amendment by us numbered in the catalogue. receive your pre-registration application following the auction. Purchasers are
by the posting of notices or by oral at least three working days before the reminded that Sotheby’s liability for loss
announcements made during the sale. 6. Bidding We reserve the right to sale. Please bear in mind that we are of or damage to sold property shall cease
The property will be offered by us as reject any bid. The highest bidder unable to obtain financial references over upon the earlier of (a) 30 calendar days
agent for the Consignor, unless the acknowledged by the auctioneer will weekends or public holidays. after the date of the auction and (b) our
catalogue indicates otherwise. be the purchaser. The auctioneer has release of the property to the purchaser
By participating in any sale, you absolute and sole discretion in the Sotheby’s may require such necessary or the purchaser’s designated agent.
acknowledge that you are bound by case of error or dispute with respect to financial references, guarantees, Upon the expiration of such 30 calendar
these terms and conditions. bidding, and whether during or after the deposits and/or such other security, in day period or upon such earlier release,
sale, to determine the successful bidder, its absolute discretion, as security for as applicable: (i) the purchaser bears full
to re-open the bidding, to cancel the your bid(s).
1. As Is Goods auctioned are often sale or to re-offer and re-sell the item in liability for any and all loss of or damage
of some age. The authenticity of the 7. Online Bids via an Online Platform to the property; (ii) the purchaser
Authorship (as defined below) of dispute. If any dispute arises after the Sotheby’s may offer clients the releases Sotheby’s, its affiliates, agents
sale, our sale record is conclusive. In
property listed in the catalogue is opportunity to bid on sothebys.com and warehouses from any and all liability
guaranteed as stated in the Terms person bidding is currently not available or through the Sotheby’s App, or on and claims for loss of or damage to
for this auction. For the most up-to-
of Guarantee and except for the any other online platform through the property; and (iii) the purchaser
Limited Warranty contained therein, date information regarding in person which bidding may be made available agrees to indemnify and hold Sotheby’s,
bidding, please call Sotheby’s or visit
all property is sold “AS IS” without any for selected sales. By participating in its affiliates, agents and warehouses
representations or warranties by us or Sothebys.com. Bidders are encouraged a sale via any of the Online Platforms, harmless from and against any and all
to submit bids online on Sothebys.com
the Consignor as to merchantability, you acknowledge that you are bound liability for loss of or damage to property
fitness for a particular purpose, the or through the Sotheby’s App. In order to by these Conditions of Sale as well as and any all claims related to loss of or
bid online, you must register an account
correctness of the catalogue or other the Additional Terms and Conditions damage to the property as of and from
images or descriptions of the physical with Sotheby’s and provide requested for Online Bidding (“Online Terms”). and after the time Sotheby’s liability for
information. In our discretion we will
condition, size, quality, rarity, importance, By participating in a sale via any Online loss or damage to the property ceases
medium, frame, provenance, exhibitions, execute order or absentee bids and Platform, Bidders accept the Online in accordance with this paragraph. If
accept telephone bids and online bids via
literature or historical relevance of any Terms, as well as the relevant Conditions any applicable conditions herein are
property and no statement anywhere, the Online Platforms as a convenience of Sale. Online bidding may not be not complied with by the purchaser,
to clients who do not submit their bids
whether oral or written, whether made available for Premium Lots. the purchaser will be in default and in
in the catalogue, an advertisement, online; Sotheby’s is not responsible for addition to any and all other remedies
any errors or omissions in connection
a bill of sale, a salesroom posting or 8. Bids Below Reserve If the available to us and the Consignor by
announcement, or elsewhere, shall be there-with. Prospective bidders should auctioneer deter-mines that any opening law, including, without limitation, the
also consult sothebys.com for the most
deemed such a warranty, representation bid is below the reserve of the article right to hold the purchaser liable for the
or assumption of liability. We and the up to date cataloguing of the property in offered, he may reject the same and total purchase price, including all fees,
this catalogue.
Consignor make no representations withdraw the article from sale, and if, charges and expenses more fully set
and warranties, express or implied, as By participating in the sale, you represent having acknowledged an opening bid, he forth herein, we, at our option, may (x)
to whether the purchaser acquires any and warrant that any bids placed by you, deter-mines that any advance thereafter cancel the sale of that, or any other lot or
copyrights, including but not limited or on your behalf, are not the product of is insufficient, he may reject the advance. lots sold to the defaulting purchaser at
to, any reproduction rights in any any collusive or other anti-competitive 9. Purchaser’s Responsibility On the same or any other auction, retaining
property. We and the Consignor are not agreement and are otherwise consistent the fall of the auctioneer’s hammer, the as liquidated damages all payments
responsible for errors and omissions with federal and state antitrust law. contract between the consignor and the made by the purchaser, or (y) resell the
in the catalogue, glossary, or any By participating in the sale, you represent purchaser is concluded, and the winning purchased property, whether at public
supplemental material. Sotheby’s will not and warrant that: bidder thereupon will immediately pay auction or by private sale, or (z) effect
1. BROWSE 2. REGISTER 3. BID be responsible or liable for damage to the full purchase price or such part as any combination thereof. In any case, the
frames and glass coverings, regardless (a) The bidder and/or purchaser is not we may require. Title in a purchased purchaser will be liable for any deficiency,
of the cause. subject to trade sanctions, embargoes any and all costs, handling charges,
Go to sothebys.com or the Sign up to place bids. Bid before and during the auction, 2. Inspection Prospective bidders or any other restriction on trade in the lot will not pass until Sotheby’s has late charges, expenses of both sales,
received the full purchase price in
Sotheby’s app to find works from anywhere in the world. should inspect the property before jurisdiction in which it does business as cleared funds. The purchaser’s obligation our com-missions on both sales at our
regular rates, legal fees and expenses,
you are interested in. bidding to determine its condition, size, well as under the laws of the European to immediately pay the full purchase collection fees and incidental damages.
Union, the laws of England and Wales, or
and whether or not it has been repaired the laws and regulations of the United price or such part as we may require We may, in our sole discretion, apply any
or restored. Property will be available for States, and is not owned (nor partly is absolute and unconditional and is proceeds of sale then due or thereafter
viewing by appointment only at our New owned) or controlled by such sanctioned not subject to any defenses, setoffs or becoming due to the purchaser from
York premises, or such other location as person(s) (collectively, “Sanctioned counterclaims of any kind whatsoever. us or any affiliated company, or any
we may indicate from time to time. You Person(s)”); Sotheby’s is not obligated to release payment made by the purchaser to us
can schedule a viewing as indicated on a lot to the purchaser until title to the or any affiliated company, whether or
our website. Any images and condition (b) Where acting as agent (with lot has passed and any earlier release not intended to reduce the purchaser’s
reports are provided to assist you with Sotheby’s prior written consent), the does not affect the passing of title or the obligations with respect to the unpaid
assessing the condition of the property principal is not a Sanctioned Person(s) purchaser’s unconditional obligation to lot or lots, to the deficiency and any
and are for guidance only. nor owned (or partly owned) or pay the full purchase price. In addition other amounts due to us or any affiliated
controlled by Sanctioned Person(s); and to other remedies available to us by law, companies. In addition, a defaulting
3. Buyer’s Premium; Overhead we reserve the right to impose from the
Premium (c) The bidder and/or purchaser date of sale a late charge of the annual purchaser will be deemed to have
granted and assigned to us and our
A buyer’s premium and an overhead undertakes that none of the purchase percentage rate of Prime + 6% of the affiliated companies, a continuing
price will be funded by any Sanctioned
FOR ASSISTANCE WITH REGISTRATION AND BIDDING premium will be added to the hammer Person(s), nor will any party be involved total purchase price if payment is not security interest of first priority in any
price and are payable by the purchaser made in accordance with the conditions
Enquiries@sothebys.com as part of the total purchase price. The in the transaction including financial set forth herein. Please note Sotheby’s property or money of or owing to such
purchaser in our possession, custody or
institutions, freight forwarders or other
US +1 212 606 7000 UK +44 (0) 20 7293 5000 HK +852 2822 8142 buyer’s premium is 25% of the hammer forwarding agents or any other party reserves the right to refuse to accept control or in the possession, custody or
price up to and including $400,000, 20% payment from a source other than the
sothebys.com/bidonline FOLLOW US @SOTHEBYS of any amount in excess of $400,000 up be a Sanctioned Person(s) nor owned buyer of record. control of any of our affiliated companies,
(or partly owned) or controlled by a in each case whether at the time of the
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