Page 196 - 2019 September 10th Sotheby's Important Chinese Art Jades, Met Museum Irving Collection NYC

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