Page 136 - Sotheby's October 1 2017 Classical Paintings
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IMPORTANT NOTICE                                  Paintings, Fine Classical Chinese Paintings,         △ Property in which Sotheby’s has an                2. BIDDING IN THE SALE
                                                  Magnificent Jewels & Jadeite and Modern &            Ownership Interest
Please note that all lots are sold subject to     Contemporary Asian Art – Evening Sale) and           Lots with this symbol indicate that Sotheby’s       Bidding at Auction Bids may be executed
our Conditions of Business for Buyers and         of HK$2,000,000 or such higher amount as             owns the lot in whole or in part or has an          in person by paddle during the auction, in
Authenticity Guarantee, which are set forth at    may be determined by Sotheby’s (for any              economic interest in the lot equivalent to an       writing prior to the sale, by telephone or by
the back of this catalogue and Conditions of      items in other categories), and any financial        ownership interest. If all lots in the catalogue    BIDnow.
Business for Sellers, which are available from    references, guarantees and/or such other             are lots in which Sotheby’s has an ownership        Auction speeds vary, but average between 50
Sotheby’s offices on request. Prospective         security as Sotheby’s may require in its             interest, a Special Notice will be included to      and 120 lots per hour. The bidding steps are
bidders should review the Conditions of           absolute discretion as security for the bid.         this effect and the triangle symbol will not be     generally in increments of approximately 10%
Business, Authenticity Guarantee and the          For any lots other than Premium Lots,                used.                                               of the previous bid.
Buying at Auction guide.                          regardless of the low pre-sale estimate for the                                                          Please refer to Conditions 5 and 6 of the
                                                  lot, Sotheby’s reserves the right to request          Irrevocable Bids                                  Conditions of Business for Buyers printed in
Condition reports printed in the catalogue are    from prospective bidders to complete the pre-        Lots with this symbol indicate that a party has     this catalogue.
intended as a guide only. Sotheby’s will be       registration application form and to deliver         provided Sotheby’s with an irrevocable bid on
pleased to provide more detailed reports on       to Sotheby’s a deposit of HK$1,000,000 or            the lot that will be executed during the sale at    Bidding in Person To bid in person, you will
any lot on request. Nevertheless, prospective     such higher amount as may be determined              a value that ensures that the lot will sell. The    need to register for and collect a numbered
buyers are reminded that all lots are sold        by Sotheby’s (for any items of Chinese Works         irrevocable bidder, who may bid in excess           paddle before the auction begins. Proof
as shown and their attention is drawn to          of Art, Fine Chinese Paintings, Fine Classical       of the irrevocable bid, will be compensated         of identity will be required. If you have a
Condition 3 of the Conditions of Business for     Chinese Paintings, Magnificent Jewels &              based on the final hammer price in the event        Sotheby’s Identification Card, it will facilitate
Buyers printed in this catalogue.                 Jadeite and Modern & Contemporary Asian              he or she is not the successful bidder. If the      the registration process. If you wish to register
                                                  Art – Evening Sale) and of HK$500,000                irrevocable bidder is the successful bidder,        to bid on a Premium Lot, please see the
重要通知                                              or such other higher amount as maybe                 he or she will be required to pay the full          paragraph above.
請注意所有拍賣品皆受制於目錄後給買家業                               determined by Sotheby’s (for any items in            Buyer’s Premium and will not be otherwise           Should you be the successful buyer of a lot,
務規則及保證書,以及可於蘇富比辦事處索                               other categories) and any financial references,      compensated. If the irrevocable bid is not          please ensure that your paddle can be seen by
取給賣家業務規則。準買家應細閱買家業務                               guarantees and/or such other security                secured until after the printing of the auction     the auctioneer and that it is your number that
規則,保證書及給準買家之指引。                                   as Sotheby’s may require in its absolute             catalogue, a pre-lot announcement will be           is called out. Should there be any doubts as to
                                                  discretion as security for the bid.                  made indicating that there is an irrevocable        price or buyer, please draw the auctioneer’s
目錄中的狀況報告用意在於為準買家提供指                                                                                    bid on the lot. If the irrevocable bidder is        attention to it immediately.
引。如有要求的話蘇富比樂意提供任何物品                               Pre-sale Estimates Pre-sale estimates are            advising anyone with respect to the lot,            All lots sold will be invoiced to the name
之詳細報告。無論如何,請準買家注意所有                               intended as a guide for prospective buyers.          Sotheby’s requires the irrevocable bidder to        and address in which the paddle has been
物品皆以出示的狀況出售及注意給買家業務                               Any bid between the high and low pre-sale            disclose his or her financial interest in the lot.  registered and cannot be transferred to other
規則交易條款 3。                                         estimates would, in our opinion, offer a chance      If an agent is advising you or bidding on your      names and addresses.
                                                  of success. However, all lots can realise prices     behalf with respect to a lot identified as being    Please do not mislay your paddle; in the event
BUYING AT AUCTION                                 above or below the pre-sale estimates.               subject to an irrevocable bid, you should           of loss, inform the Sales Clerk immediately. At
                                                  It is advisable to consult us nearer the time of     request that the agent disclose whether or          the end of the sale, please return your paddle
The following pages are designed to give          sale as estimates can be subject to revision.        not he or she has a financial interest in the lot.  to the registration desk.
you useful information on how to buy at           The estimates printed in the auction catalogue
auction. Sotheby’s staff as listed at the front   do not include the buyer’s premium.                   Interested Parties                                Absentee Bids If you cannot attend the
of this catalogue will be happy to assist you.                                                         Lots with this symbol indicate that parties         auction, we will be happy to execute written
However, it is important that you read the        Symbol Key The following key explains the            with a direct or indirect interest in the lot       bids on your behalf. A bidding form can be
following information carefully and note that     symbols you may see inside this catalogue.           may be bidding on the lot, including (i) the        found at the back of this catalogue. This
Sotheby’s acts for the seller; you should refer                                                        beneficiary of an estate selling the lot, or        service is free and confidential. Lots will
in particular to Conditions 3 and 4 of the            Premium Lots                                     (ii) the joint owner of a lot. If the interested    always be bought as cheaply as is consistent
Conditions of Business for Buyers printed in      In order to bid on “Premium Lots” ( in print         party is the successful bidder, they will be        with other bids, the reserves and Sotheby’s
this catalogue.                                   catalogue, in eCatalogue), Sotheby’s may             required to pay the full Buyer’s Premium. In        commissions. In the event of identical bids, the
Prospective bidders should also consult           request from prospective bidders to complete         certain instances, interested parties may have      earliest received will take precedence. Always
www.sothebys,com for the most up to date          the pre-registration application form and to         knowledge of the reserve. In the event the          indicate a “top limit” - the hammer price to
cataloguing of the property in this catalogue.    deliver to Sotheby’s a deposit of                    interested party’s possible participation in the    which you would bid if you were attending the
                                                  HK$5,000,000 or such other higher amount             sale is not known until after the printing of the   auction yourself. “Buy” and unlimited bids will
Provenance In certain circumstances,              as may be determined by Sotheby’s (for any           auction catalogue, a pre-lot announcement           not be accepted. Please refer to Condition 5 of
Sotheby’s may print in the catalogue the          items of Chinese Works of Art, Fine Chinese          will be made indicating that interested parties     the Conditions of Business for Buyers printed
history of ownership of a work of art if such     Paintings, Fine Classical Chinese Paintings,         may be bidding on the lot.                          in this catalogue.
information contributes to scholarship            Magnificent Jewels & Jadeite and Modern &                                                                Telephoned absentee bids must be confirmed
or is otherwise well known and assists in         Contemporary Asian Art – Evening Sale) and           □ No Reserve                                        before the sale by letter or fax. Fax number for
distinguishing the work of art. However, the      of HK$2,000,000 or such other higher                 Unless indicated by a box ( □ ), all lots in this   bids only: (852) 2522 1063.
identity of the seller or previous owners may     amount as may be determined by Sotheby’s             catalogue are offered subject to a reserve.         To ensure a satisfactory service, please ensure
not be disclosed for a variety of reasons. For    (for any items in other categories), and any         A reserve is the confidential hammer price          that we receive your bids at least 24 hours
example, such information may be excluded         financial references, guarantees and/or such         established between Sotheby’s and the               before the sale.
to accommodate a seller’s request for             other security as Sotheby’s may require in its       seller and below which a lot will not be sold.
confidentiality or because the identity of prior  absolute discretion as security for the bid. If      The reserve is generally set at a percentage        Bidding by Telephone If you cannot
owners is unknown given the age of the work       all lots in the catalogue are “Premium Lots”, a      of the low estimate and will not exceed the         attend the auction, it is possible to bid on
of art.                                           Special Notice will be included to this effect       low estimate for the lot. If any lots in the        the telephone on lots with a minimum low
                                                  and this symbol will not be used.                    catalogue are offered without a reserve, these      estimate of HK$40,000. As the number of
Buyer’s Premium A buyer’s premium will be                                                              lots are indicated by a box ( □ ). If all lots in   telephone lines is limited, it is necessary to
added to the hammer price and is payable by        Guaranteed Property                                the catalogue are offered without a reserve,        make arrangements for this service 24 hours
the buyer as part of the total purchase price.                                                         a Special Notice will be included to this effect    before the sale.
The buyer’s premium is 25% of the hammer          The seller of lots with this symbol has              and the box symbol will not be used.                We also suggest that you leave a maximum
price up to and including HK$2,000,000, 20%       been guaranteed a minimum price from                                                                     bid which we can execute on your behalf
of any amount in excess of HK$2,000,000 up        one auction or a series of auctions. This            Condition of Lots Prospective buyers are            in the event we are unable to reach you by
to and including HK$22,500,000, and 12.5%         guarantee may be provided by Sotheby’s,              encouraged to inspect the property at the           telephone. Multi-lingual staff are available to
of any amount in excess of HK$22,500,000.         by a third party or jointly by Sotheby’s and a       pre-sale exhibitions. Solely as a convenience,      execute bids for you. Please refer to Condition
                                                  third party. A guarantee may be in the form          Sotheby’s may provide condition reports.            5 of the Conditions of Business for Buyers
1. BEFORE THE AUCTION                             of an irrevocable bid provided by a third            The absence of reference to the condition           printed in this catalogue.
                                                  party. Third parties providing or participating      of a lot in the catalogue description does
Catalogue Subscriptions If you would like         in a guarantee may benefit financially if a          not imply that the lot is free from faults or       Online Bidding via BIDnow If you cannot
to take out a catalogue subscription, please      guaranteed lot is sold successfully and may          imperfections. Please refer to Condition 3 of       attend the auction, it may be possible to
ring (852) 2822 8142.                             incur a loss if the sale is not successful. If       the Conditions of Business for Buyers printed       bid online via BIDnow for selected sales.
                                                  every lot in a catalogue is guaranteed, the          in this catalogue.                                  This service is free and confidential. For
Deposit If you wish to bid on ( ) lots in the     Important Notices in the sale catalogue will so                                                          information about registering to bid via BIDnow,
printed catalogue and ( ) lots in the             state and this symbol will not be used for each      Electrical and Mechanical Goods All                 please refer to sothebys.com. Bidders using
eCatalogue, you may be requested by               lot. If a third party providing or participating in  electrical and mechanical goods are sold on         the BIDnow service are subject to the Additional
Sotheby’s to deliver to Sotheby’s a deposit of    a guarantee is the successful bidder for the         the basis of their decorative value only and        Terms and Conditions for Live Online Bidding
HK$5,000,000 or such other higher amount          guaranteed lot, they will be required to pay         should not be assumed to be operative. It is        via BIDnow, which can be viewed at sothebys.
as may be determined by Sotheby’s (for any        the full Buyer’s Premium.                            essential that prior to any intended use, the       com, as well as the Conditions of Business
items of Chinese Works of Art, Fine Chinese                                                            electrical system is checked and approved by        applicable to the sale. The BIDnow online
                                                                                                       a qualified electrician.
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