Page 152 - Sotheby's Fine Chinese Paintings July 9, 2020 Hong Kong.

IMPORTANT NOTICE BUYING AT AUCTION reserve (if applicable). The current leading Bidding in Person If you would like to bid in via an Online Platform. For information about Payment Payment is due in HK dollars It is Sotheby’s policy to request proof lot Is sold successfully and may incur a loss if
bid will be visible to all bidders; the value and person at the live auction, you may register for registering to bid via an Online Platform immediately after the sale and may be made of identity on collection of a lot. Lots will the sale is not successful. If the Guaranteed
Please note that all lots are sold subject to Buying at Auction The following pages are status of your maximum bid will be visible only a paddle prior to the start of the live auction please refer to www.sothebys.com. by the following methods: Cash, Banker’s be released to you or your authorised Property symbol for a lot is not included in the
our Conditions of Business for Buyers and designed to give you useful information on to you. If the status of your bid changes, you through an Online Platform or by contacting The online bidding service is not available for Draft, Cheque, Wire Transfer and Credit Card representative when full and final payment printing of the auction catalogue, a pre-sale or

Authenticity Guarantee, which are set forth at how to buy at auction. Sotheby’s staff as listed will receive notifications via email and push (if Sotheby’s. Alternatively, you may register for premium lots. (American Express, MasterCard, Union Pay & has been received by Sotheby’s, appropriate pre-lot announcement will be made indicating

the back of this catalogue and Conditions of at the front of this catalogue will be happy to you have enabled push notifications on your a paddle upon entering the saleroom. Proof of Visa). photographic identification has been made, that there is a guarantee on the lot. If every lot

Business for Sellers, which are available from assist you. However, it is important that you device) prior to the start of the live auction. identity will be required. If you are a first-time Consecutive and Responsive Bidding It is against Sotheby’s general policy to accept and a release note has been provided by in a catalogue is -guaranteed, the Important

Sotheby’s offices on request. Prospective read the following information carefully and You may raise your maximum bid at any time bidder, you will also be asked for your address, The auctioneer may open the bidding on any single or multiple related payments in the Sotheby’s (open Monday to Friday 9:30am - Notices in the sale catalogue will so state and

bidders should review the Conditions of note that Sotheby’s acts for the seller; you in advance of the live auction. Please note that phone number, email address and signature lot by placing a bid on behalf of the seller. form of cash or cash equivalents in excess of 6pm). this symbol will not be used for each lot.
Business, Authenticity Guarantee and the should refer in particular to Conditions 3 and in certain circumstances clients who have in order to create your account. If you have The auctioneer may further bid on behalf of the local currency equivalent of US$10,000. If you are in doubt about the location of
Buying at Auction guide. 4 of the Conditions of Business for Buyers been outbid may be reinstated as the leading a Sotheby’s Client Card, it will facilitate the the seller, up to the amount of the reserve, your purchases, please contact the Sale △ Property in which Sotheby’s has an

printed in this catalogue. bidder and will receive notification via email or registration process. If you wish to register by placing consecutive or responsive bids It is Sotheby’s policy to request any new Administrator prior to arranging collection. Ownership Interest
Condition reports printed in the catalogue are Prospective bidders should also consult push (if enabled on your device). Please refer to bid on a Premium Lot, please see the for a lot. Please refer to Condition 6 of the clients or buyers preferring to make a cash Removal, storage and handling charges may Lots with this symbol indicate that Sotheby’s
intended as a guide only. Sotheby’s will be www.sothebys.com for the most up to date further to the “BIDDING IN THE SALE section paragraph above. Conditions of Business for Buyers published payment to provide proof of identity (by be levied on uncollected lots. Please refer to owns the lot in whole or in part or has an
pleased to provide more detailed reports on cataloguing of the property in this catalogue. below. Online bids are made subject to the Should you be the successful buyer of a lot, below. providing some form of government issued Condition 7 of the Condition of Business for economic interest in the lot equivalent to an
any lot on request. Nevertheless, prospective Additional Terms and Conditions for Online please ensure that your paddle can be seen by identification containing a photograph, such Buyers printed in this catalogue. ownership interest.
buyers are reminded that all lots are sold Buyer’s Premium A buyer’s premium will be Bidding, which are published below and can the auctioneer and that it is your number that Employee Bidding Sotheby’s employees as a passport, identity card or driver’s licence)
as shown and their attention is drawn to added to the hammer price and is payable by also be viewed at sothebys.com, as well as is called out. Should there be any doubts as to may bid only if the employee does not know and confirmation of permanent address. Loss or Damage Buyers are reminded  Irrevocable Bids
Condition 3 of the Conditions of Business for the buyer as part of the total purchase price. the Conditions of Business applicable to the price or buyer, please draw the auctioneer’s the reserve and fully complies with Sotheby’s Thank you for your co-operation. that Sotheby’s accepts liability for loss or Lots with this symbol indicate that a party has
Buyers printed in this catalogue. The buyer’s premium is 25% of the hammer sale. Online bidding may not be available for attention to it immediately. internal rules governing employee bidding. damage to lots for a maximum period of thirty provided Sotheby’s with an irrevocable bid on
price up to and including HK$3,500,000, 20% Premium Lots. All lots sold will be invoiced to the name Cheques and drafts should be made payable (30) calendar days after the date of the live the lot that will be executed during the sale at
重要通知 of any amount in excess of HK$3,500,000 up and address in which the paddle has been 3. THE AUCTION to Sotheby’s Hong Kong Limited. auction. Please refer to Condition 7 of the a value that ensures that the lot will sell. The
請注意所有拍賣品皆受制於目錄後給買家業 to and including HK$31,000,000, and 13.9% Pre-sale Estimates Pre-sale estimates are registered and cannot be transferred to other Although personal and company cheques Conditions of Business for Buyers published irrevocable bidder, who may bid in excess of
務規則及真品保證，以及可於蘇富比辦事處 of any amount in excess of HK$31,000,000. intended as a guide for prospective buyers. names and addresses. Conditions of Business Sotheby’s auctions drawn in HK dollars on Hong Kong banks below. the irrevocable bid, may be compensated
索取給賣家業務規則。準買家應細閱買家業 Any bid between the high and low pre-sale Please do not mislay your paddle; in the event are governed by the Conditions of Business are accepted, you are advised that property for providing the irrevocable bid by receiving

務規則，真品保證及於拍賣會上購買指引。 1. BEFORE THE AUCTION estimates would, in our opinion, offer a chance of loss, inform the Sales Clerk immediately. At for Sellers and Buyers and the Authenticity will not be released until such cheques have Shipping Sotheby’s off ers a comprehensive a contingent fee, a fixed fee or both. If the
of success. However, all lots can realise prices the end of the sale, please return your paddle Guarantee. These apply to all aspects of the cleared unless you have a pre-arranged shipping service. Except if otherwise indicated irrevocable bidder is the successful bidder,

目錄中的狀況報告用意在於為準買家提供指 Deposit If you wish to bid on ( ) lots in the above or below the pre-sale estimates. to the registration desk relationship between Sotheby’s and actual Cheque Acceptance Facility. Forms to in this Buying at Auction Guide, Sotheby’s any contingent fee, fixed fee or both (as
引。如有要求的話蘇富比樂意提供任何物品 printed catalogue and ( ) lots in the It is advisable to consult us nearer the time of Telephone Bids If you cannot attend and prospective bidders and buyers. Anyone facilitate this are available from the Finance can advise buyers on exporting and shipping applicable) for providing the irrevocable bid
property, and arranging delivery.
Department in Hong Kong.
may be netted against the irrevocable bidder’s
之詳細報告。無論如何，請準買家注意所有 eCatalogue, you may be requested by sale as estimates can be subject to revision. the auction, it may be possible to bid on considering bidding in the auction should obligation to pay the full purchase price for
物品皆以出示的狀況出售及注意給買家業務 Sotheby’s to deliver to Sotheby’s a deposit of The estimates do not include the buyer’s the telephone on lots with a minimum low read them carefully. They may be amended All charges are subject to acceptance For assistance, please contact: the lot and the purchase price reported for the
by way of notices posted in the saleroom
規則交易條款 3。 HK$5,000,000 or such other higher amount
as may be determined by Sotheby’s (for any premium. estimate of HK$40,000. As the number of or by way of announcement made by the by Sotheby’s and by American Express, Post Sale Services (Mon to Fri 9:30a.m. to lot shall be net of any such fees. From time
items of Chinese Works of Art, Fine Chinese telephone lines is limited, it is necessary to auctioneer. Online bids are made subject to MasterCard, China UnionPay or Visa, as 6:00 p.m.) to time, Sotheby’s may enter into irrevocable
Paintings, Fine Classical Chinese Paintings, Condition of Lots Prospective buyers are make arrangements for this service 24 hours the Conditions of Business applicable to the the case may be. In the case a charge is +852 2822 5533 bid agreements that cover multiple lots. In
Magnificent Jewels & Jadeite and Modern & encouraged to inspect the property at the before the sale. We also suggest that you sale and the Additional Terms and Conditions not approved, you will nevertheless be FAX +852 2501 4266 such instances, the compensation Sotheby’s
Contemporary Art – Evening Sale) and of pre-sale exhibitions. Solely as a convenience, leave a maximum bid which we can execute for Online Bidding, which are published below liable to Sotheby’s for all sums incurred hkpostsaleservices@sothebys.com will pay the irrevocable bidder is allocated
HK$2,000,000 or such higher amount as Sotheby’s may provide condition reports. The on your behalf in the event we are unable to and can also be viewed at sothebys.com. by you. Credit card purchases may not to the lots for which the irrevocable bidder

may be determined by Sotheby’s (for any absence of reference to the condition of a lot reach you by telephone. Multi-lingual staff are exceed HK$1,000,000. For all new clients We will send you a quotation for shipping your is not the successful purchaser. Under such
items in other categories), and any financial in the catalogue description does not imply available to execute bids for you. Telephone Interested Parties Announcement In to Sotheby’s or those whom we have not purchase(s). Transit risk insurance may also circumstances, the total compensation to
references, guarantees and/or such other that the lot is free from faults or imperfections. bids are accepted only at Sotheby’s discretion situations where a person who is allowed to transacted before, we reserve the right to be included in your quotation. If the quotation the irrevocable bidder will not exceed the
security as Sotheby’s may require in its Please refer to Condition 3 of the Conditions and at the caller’s risk. Calls may also be bid on a lot has a direct or indirect interest in accept credit card payments presented in is accepted, we will arrange the shipping total buyer’s premium and other amounts
absolute discretion as security for the bid. of Business for Buyers below. recorded at Sotheby’s discretion. By bidding such lot, such as the beneficiary or executor person only. For further details please contact for you and will despatch the property as paid to Sotheby’s in respect of any lots
For any lots other than Premium Lots, on the telephone, prospective buyers consent of an estate selling the lot, a joint owner of the Post Sale Services Department on +852 soon as possible after receiving your written for which the irrevocable bidder is not the
regardless of the low pre-sale estimate for the Electrical and Mechanical Goods All thereto. Please refer to Condition 5 of the the lot, or a party providing or participating 2822 5533. agreement to the terms of the quotation, successful bidder. If the irrevocable bid is not
lot, Sotheby’s reserves the right to request electrical and mechanical goods are sold Conditions of Business for Buyers published in a guarantee of the lot, Sotheby’s will financial release of the property and receipt secured until after the printing of the auction
from prospective bidders to complete the pre- on the basis of their artistic and decorative below. make an announcement in the sale room Please note that Sotheby’s reserves the right of any export licence or certificates that may catalogue, Sotheby’s will notify bidders that
registration application form and to deliver value only and should not be assumed to that interested parties may bid on the lot. In to decline payments received from anyone be required. Despatch will be arranged at the there is an irrevocable bid on the lot by one
to Sotheby’s a deposit of HK$1,000,000 or be operative. It is essential that prior to any Absentee Bids For some sales (other than certain circumstances, interested parties may other than the buyer of record and that buyer’s expense. Sotheby’s may charge an or more of the following means: a pre-sale or

such higher amount as may be determined intended use, the electrical system is checked where the option to Advance Bid (as defined have knowledge of the reserves. clearance of such payments will be required. administrative fee for arranging the despatch. pre-lot announcement, by written notice at
by Sotheby’s (for any items of Chinese Works and approved by a qualified electrician. below) is enabled and a current bid is visible Please contact our Post Sale Services if you the auction or by including an irrevocable bid
of Art, Fine Chinese Paintings, Fine Classical on the Online Platforms), if you are unable US Economic Sanctions The United States have any questions concerning clearance. EXPLANATION OF SYMBOLS symbol in the e-catalogue for the sale prior
Chinese Paintings, Magnificent Jewels & Provenance In certain circumstances, to attend the live auction in person, you may maintains economic and trade sanctions to the auction. From time to time, Sotheby’s

Jadeite and Modern & Contemporary Art – Sotheby’s may publish the history of place your maximum bid prior to the start against targeted foreign countries, groups and We reserve the right to seek Symbol Key The following key explains the or any affiliated company may provide the

Evening Sale) and of HK$500,000 or such ownership of an item of property if such of the live auction on an Online Platform or organisations. There may be restrictions on identification of the source of funds symbols you may see inside this catalogue. irrevocable bidder with financing related to
other higher amount as maybe determined by information contributes to scholarship by submitting your maximum bid in writing the import into the United States of certain received. the irrevocable bid. If the irrevocable bidder
Sotheby’s (for any items in other categories) or is otherwise well known and assists in to Sotheby’s. When the lot that you are items originating in sanctioned countries, The Conditions of Business require buyers Premium Lots is advising anyone with respect to the lot,
and any financial references, guarantees distinguishing the item of property. However, interested in comes up for sale, the auctioneer including Burma, Cuba, Iran, North Korea and to pay immediately for their purchases. In order to bid on “Premium Lots” ( in print Sotheby’s requires the irrevocable bidder to

and/or such other security as Sotheby’s may the identity of the seller or previous owners will execute the bid on your behalf, making Sudan. The purchaser’s inability to import However, in limited circumstances and with catalogue, in eCatalogue), Sotheby’s may disclose his or her financial interest in the lot.

require in its absolute discretion as security may not be disclosed for a variety of reasons. every effort to purchase the lot for as little as any item into the US or any other country as the seller’s agreement, Sotheby’s may grant request from prospective bidders to complete If an agent is advising you or bidding on your

for the bid. For example, such information may be possible and never exceeding your limit. This a result of these or other restrictions shall not buyers it deems creditworthy the option of the pre-registration application form and to behalf with respect to a lot identified as being
excluded to accommodate a seller’s request service is free and confidential. justify cancellation or rescission of the sale paying for their purchases on an extended deliver to Sotheby’s a deposit of subject to an irrevocable bid, you should

Bidding in advance of the Live Auction for confidentiality or because the identity of or any delay in payment. Please check with payment term basis. Credit terms must be HK$5,000,000 or such other higher amount request that the agent disclose whether or

Certain auctions have a period of online prior owners is unknown given the age of the Advance Bidding For certain sales, bidders the specialist department if you are uncertain arranged prior to the sale. In advance of as may be determined by Sotheby’s (for any not he or she has a financial interest in the lot.
bidding followed by a live auction. In such item of property. may submit bids in advance of the live auction as to whether a lot is subject to these import determining whether to grant the extended items of Chinese Works of Art, Fine Chinese
cases, if you are unable to attend the live (“Advance Bid”) through an Online Platform, restrictions, or any other restrictions on payment terms, Sotheby’s may require credit Paintings, Fine Classical Chinese Paintings,  Interested Parties
auction in person and wish to place bids, 2. BIDDING IN THE SALE as described above or by submitting your importation or exportation. references and proof of identity and residence. Magnificent Jewels & Jadeite and Modern & Lots with this symbol indicate that parties with
or simply wish to bid in advance of the maximum bid in writing to Sotheby’s. For Contemporary Art – Evening Sale) and of a direct or indirect interest in the lot may be
live auction, you may do so on sothebys. Bidding at the Live Auction Following any these sales, if you submit an Advance Bid Currency Board As a courtesy to bidders, Collection and Storage HK$2,000,000 or such other higher amount bidding on the lot, including (i) the beneficiary
com or via the Sotheby’s App (each an applicable online bidding period, bids may be prior to the live auction, the system will a currency board is operated in many All items from this sale not collected from as may be determined by Sotheby’s (for any of an estate selling the lot, or
“Online Platform” and together, the “Online executed during the live auction in person, on automatically bid on your behalf up to and salerooms. It displays the lot number and HKCEC on the last day of the sale by 11:00am items in other categories), and any financial (ii) the joint owner of a lot. If the interested
Platforms”). In order to do so, you must the telephone or online via an Online Platform. including your predetermined maximum current bid in both Hong Kong dollars and will be sent back to Sotheby’s where they will references, guarantees and/or such other party is the successful bidder, they will be
register an account with Sotheby’s and Auction speeds vary, but average between 50 Advance Bid in response to other bids and foreign currencies. Exchange rates are incur storage charge one month after the date security as Sotheby’s may require in its required to pay the full Buyer’s Premium. In

provide the requested information. Once you and 120 lots per hour. The bidding steps are will alert you via email and push notifications approximations based on recent exchange of the auction at the following rate: absolute discretion as security for the bid. If certain instances, interested parties may have
have done so, navigate to your desired lot generally in increments of approximately 10% (if enabled on your device). During the live rate information and should not be relied Storage charge: HK$1,200 per lot per all lots in the catalogue are “Premium Lots”, a knowledge of the reserve. In the event the

and click the “Place Bid” button to start the of the previous bid. auction, if your Advance Bid remains as the upon as a precise invoice amount. Sotheby’s month. Special Notice will be included to this effect interested party’s possible participation in the
process. You may bid at or above the starting Please refer to Conditions 5 and 6 of the leading bid, the auctioneer will execute your assumes no responsibility for any error or To arrange shipping or collection, please and this symbol will not be used. sale is not known until after the printing of the
bid displayed on the Online Platforms. Please Conditions of Business for Buyers published bid on your behalf in response to other bids. omission in the currency amounts shown. contact: auction catalogue, a pre-lot announcement
note that Sotheby’s reserves the right to below. You may also continue to bid during the live Post Sale Services  Guaranteed Property will be made indicating that interested parties
amend the starting bid prior to the start of Bidders using an Online Platform are subject auction above your predetermined maximum 4. AFTER THE AUCTION As printed in front of this catalogue The seller of lots with this symbol has been may be bidding on the lot.
the live auction. You may also input your to the Additional Terms and Conditions for Advance Bid via an Online Platform using the guaranteed a minimum price from one
maximum bid which, upon confirmation, Online Bidding, which are published below Live Online Bidding method described below. Invoices Successful bidders will receive an auction or a series of auctions. This guarantee □ No Reserve

will be executed automatically up to this and can also be viewed at sothebys.com, as invoice detailing their purchase and giving may be provided by Sotheby’s, or jointly by Unless indicated by a box ( □ ), all lots

predefined maximum value, in response to well as the Conditions of Business applicable Live Online Bidding If you cannot attend instructions for payment and clearance of Sotheby’s and a third party. Sotheby’s and any included in this catalogue are offered subject
other bids, including bids placed by Sotheby’s to the sale. Online bidding may not be the live auction, it is possible to bid live online goods. third parties providing a guarantee jointly with to a reserve. A reserve is the confidential
on behalf of the seller, up to the amount of the available for Premium Lots. Sotheby’s benefit financially if a guaranteed hammer price established between Sotheby’s

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