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120 SOTHEBY’S NEW YORK 20 MARCH 2018 MING: LUMINOUS DAWN OF EMPIRE
property remain the same regardless of how lot in a catalogue is o$ ered without a reserve, in the sale is not known until after the printing Provenance#In certain circumstances,
the winning bid was submitted. the Conditions of Sale will so state and this of the auction catalogue, a pre-sale or pre-lot Sotheby’s may print in the catalogue the
symbol will not be used for each lot. announcement will be made indicating that history of ownership of a work of art if such
8.#Sotheby’s o$ ers online bidding as a interested parties may be bidding on the lot. information contributes to scholarship
convenience to our clients. Sotheby’s will Ⴜ Guaranteed Property or is otherwise well known and assists in
not be responsible for any errors or failures The seller of lots with this symbol has been Ⴚ Restricted Materials distinguishing the work of art. However, the
to execute bids placed via Online Platforms, guaranteed a minimum price from one Lots with this symbol have been identi" ed at identity of the seller or previous owners may
including, without limitation, errors or failures auction or a series of auctions. This guarantee the time of cataloguing as containing organic not be disclosed for a variety of reasons. For
caused by (i) a loss of connection to the may be provided by Sotheby’s or jointly material which may be subject to restrictions example, such information may be excluded
internet or to the BIDnow, eBay, Invaluable by Sotheby’s and a third party. Sotheby’s regarding import or export. The information to accommodate a seller’s request for
or other Online Platform software by either and any third parties providing a guarantee is made available for the convenience of con" dentiality or because the identity of prior
Sotheby’s or the client; (ii) a breakdown or jointly with Sotheby’s bene" t " nancially if bidders and the absence of the symbol is owners is unknown given the age of the work
problem with the BIDnow, eBay, Invaluable a guaranteed lot is sold successfully and not a warranty that there are no restrictions of art.
or other Online Platform software; or (iii) a may incur a loss if the sale is not successful. regarding import or export of the Lot; bidders
breakdown or problem with a client’s internet If the Guaranteed Property symbol for a should refer to Condition 12 of the Conditions Specialist Advice#Prospective bidders
connection, mobile network or computer. lot is not included in the printing of the of Sale. Please also refer to the section on may be interested in speci" c information not
Sotheby’s is not responsible for any failure auction catalogue, a pre-sale or pre-lot Endangered Species in the information on included in the catalogue description of a lot.
to execute an online bid or for any errors or announcement will be made indicating that Buying at Auction. For additional information, please contact
omissions in connection therewith. there is a guarantee on the lot. either a Sotheby’s specialist in charge of the
Ⴄ Monumental sale (all of whom are listed in the front of
9.#Live online bidding via all Online Platforms Property in which Sotheby’s has an Lots with this symbol may, in our opinion, the catalogue), or Sotheby’s Client Services
will be recorded. Ownership Interest require special handling or shipping services Department. You may also request a
Lots with this symbol indicate that Sotheby’s due to size or other physical considerations. condition report from the specialist in charge.
10.#In the event of any con* ict between these owns the lot in whole or in part or has an Bidders are advised to inspect the lot and to
Online Terms and Sotheby’s Conditions of economic interest in the lot equivalent to an contact Sotheby’s prior to the sale to discuss The Exhibition#An exhibition of the auction
Sale and Terms of Guarantee, Sotheby’s ownership interest. any speci" c shipping requirements. property will be held the week prior to the
Conditions of Sale and Terms of Guarantee auction on the days listed in the front of the
will control. Irrevocable Bids Premium Lot catalogue. There you will have the opportunity
Lots with this symbol indicate that a party In order to bid on “Premium Lots” ( in print to view, inspect and evaluate the property
11.#In the event of any con* ict between has provided Sotheby’s with an irrevocable catalogue or ² in eCatalogue) you must yourself, or with the help of a Sotheby’s
these Online Terms and any term in any bid on the lot that will be executed during com plete the required Premium Lot pre- specialist.
agreement between the User and eBay, these the sale at a value that ensures that the lot registration application. You must arrange
Online Terms will control for purposes of all will sell. The irrevocable bidder, who may for Sotheby’s to receive your pre-registration Salesroom Notices#Salesroom notices
Sotheby’s auctions. bid in excess of the irrevocable bid, may be application at least three working days before amend the catalogue description of a lot
compensated for providing the irrevocable the sale. Please bear in mind that we are after our catalogue has gone to press.
12.#In the event of any con* ict between these bid by receiving a contingent fee, a " xed unable to obtain " nancial references over They are posted in the viewing galleries
Online Terms and any term in any agreement fee or both. If the irrevocable bidder is the weekends or public holidays. Sotheby’s and salesroom or are announced by the
between the User and Invaluable, these successful bidder, any contingent fee, " xed decision whether to accept any pre- auctioneer. Please take note of them.
Online Terms will control for purposes of all fee or both (as applicable) for providing the registration application shall be " nal. If your
Sotheby’s auctions. irrevocable bid may be netted against the application is accepted, you will be provided Registration#Sotheby’s may require such
irrevocable bidder’s obligation to pay the full with a special paddle number. If all lots in
purchase price for the lot and the purchase the catalogue are “Premium Lots”, a Special necessary " nancial references, guarantees,
deposits and/or such other security, in its
price reported for the lot shall be net of Notice will be included to this e$ ect and this
BUYING AT AUCTION absolute discretion, as security for your bid. If
any such fees. If the irrevocable bid is not symbol will not be used. you are not successful on any lot, Sotheby’s
secured until after the printing of the auction
The following will help in understanding the will arrange for a refund (subject to any right
catalogue, Sotheby’s will notify bidders that
auction buying process as well as some of there is an irrevocable bid on the lot by one 2. BEFORE THE AUCTION of set o$ ) of the deposit amount paid by you
the terms and symbols commonly used in an without interest within 14 working days of the
or more of the following means: a pre-sale
auction catalogue. All bidders should read the or pre-lot announcement, by written notice The Catalogue#A catalogue prepared by date of the sale. Any exchange losses or fees
Conditions of Sale and Terms of Guarantee Sotheby’s is published for every scheduled associated with the refund shall be borne
at the auction or by including an irrevocable
in this catalogue, as well as the Glossary or bid symbol in the e-catalogue for the sale live auction and is available prior to the sale by you. Registration to bid on Premium Lots
any other notices. By bidding at auction, date. The catalogue will help familiarize you must be done at least 3 business days prior
prior to the auction. If the irrevocable bidder
bidders are bound by the Conditions of Sale is advising anyone with respect to the lot, with property being o$ ered at the designated to the sale.
and Terms of Guarantee, as amended by auction. Catalogues may be purchased
Sotheby’s requires the irrevocable bidder to
any oral announcement or posted notices, disclose his or her " nancial interest in the lot. at Sotheby’s or by subscription in any 3. DURING THE AUCTION
which together form the sale contract among categories. For information, please call +1 212
If an agent is advising you or bidding on your
Sotheby’s, the seller (consignor) of the lot and behalf with respect to a lot identi" ed as being 606 7000 or visit sothebys.com. Prospective The Auction#Auctions are open to the public
any bidders, including the successful bidder bidders should also consult sothebys.com
subject to an irrevocable bid, you should without any admission fee or obligation to
(purchaser). request that the agent disclose whether or for the most up to date cataloguing of the bid. The auctioneer introduces the objects
property in this catalogue.
not he or she has a " nancial interest in the lot. for sale — known as “lots” — in numerical
1. SYMBOL KEY Estimates#Each lot in the catalogue is order as listed in the catalogue. Unless
ຎ Interested Parties given a low and high estimate, indicating otherwise noted in the catalogue or by an
႒ Reserves Lots with this symbol indicate that parties to a prospective buyer a range in which the announcement at the auction, Sotheby’s
Unless indicated by a box ( ႒ ), all lots in this with a direct or indirect interest in the lot lot might sell at auction. When possible, acts as agent on behalf of the seller and
catalogue are o$ ered subject to a reserve. may be bidding on the lot, including (i) the the estimate is based on previous auction does not permit the seller to bid on his or her
A reserve is the con" dential minimum bene" ciary of an estate selling the lot, or records of comparable pieces. The estimates own property. It is important for all bidders
hammer price at which a lot will be sold. (ii) the joint owner of a lot. If the interested are determined several months before a sale to know that the auctioneer may open the
The reserve is generally set at a percentage party is the successful bidder, they will be and are therefore subject to change upon bidding on any lot by placing a bid on behalf
of the low estimate and will not exceed the required to pay the full Buyer’s Premium. In further research of the property, or to re* ect of the seller. The auctioneer may further bid
low estimate of the lot. If any lots in the certain instances, interested parties may market conditions or currency * uctuations. on behalf of the seller, up to the amount of the
catalogue are o$ ered without reserve, such have knowledge of the reserve. In the event Estimates should not be relied upon as a reserve, by placing responsive or consecutive
lots will be designated by a box ( ႒ ). If every the interested party’s possible participation representation or prediction of actual selling bids for a lot. The auctioneer will not place
prices.