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found at the back of this catalogue. This          Consecutive and Responsive Bidding                Please refer to Condition 7 of the Conditions of    days between 9.30am and 4.30pm. We
service is free and con dential. Lots will         The auctioneer may open the bidding on any        Business for Buyers printed in this catalogue.      advise you to make an appointment with the
always be bought as cheaply as is consistent       lot by placing a bid on behalf of the seller.                                                         relevant expert department. Upon request,
with other bids, the reserves and Sotheby’s        The auctioneer may further bid on behalf of       Shipping Sotheby’s Shipping Department              we may also travel to your home to provide
commissions. In the event of identical bids,       the seller, up to the amount of the reserve,      can advise buyers on exporting and shipping         preliminary pre-sale auction estimates.
the earliest received will take precedence.        by placing consecutive or responsive bids         property. Our o ce is open between the
Always indicate a “top limit” - the hammer         for a lot. Please refer to Condition 6 of the     hours of 9.30am and 6.00pm and you can              Valuations The Valuation department
price to which you would bid if you were           Conditions of Business for Buyers printed in      contact the Shipping advisor on the number          provides written inventories and valuations for
attending the auction yourself. “Buy” and          this catalogue.                                   set out in the front of this catalogue.             many purposes including insurance, probate
unlimited bids will not be accepted. Please                                                          Purchases will be despatched as soon as             and succession division, asset management
refer to Condition 5 of the Conditions of          4. AFTER THE AUCTION                              possible upon clearance from the Accounts           and tax planning. Valuations can be tailored to
Business for Buyers printed in this catalogue.                                                       department and receipt of your written              suit most needs. Fees are highly competitive.
Telephoned absentee bids must be con rmed          Payment Payment is due in HKdollars               despatch instructions and of any export             For further information please contact the
before the sale by letter or fax. Fax number for   immediately after the sale and may be made        licence or certi cates that may be required.        relevant Expert department on (852) 2524
bids only: (852) 2522 1063.                        by the following methods: Cash, Banker’s          Despatch will be arranged at the buyer’s            8121, Fax (852) 2810 6238.
To ensure a satisfactory service, please           Draft, Travellers Cheque, Cheque, Wire            expense. Sotheby’s may receive a fee for its
ensure that we receive your bids at least 24       Transfer and Credit Card (American Express,       own account from the agent arranging the
hours before the sale.                             MasterCard, Union Pay & Visa).                    despatch. Estimates and information on all
                                                   It is against Sotheby’s general policy to accept  methods can be provided upon request and
Bidding by Telephone If you cannot                 single or multiple related payments in the        enquiries should be marked for the attention
attend the auction, it is possible to bid on       form of cash or cash equivalents in excess of     of Sotheby’s Shipping Department and faxed
the telephone on lots with a minimum low           HK$80,000.                                        to (852) 2523 6489.
estimate of HK$40,000. As the number of            It is Sotheby’s policy to request any new         Your shipper will include a quote for
telephone lines is limited, it is necessary to     clients or buyers preferring to make a cash       transit insurance. All shipments should be
make arrangements for this service 24 hours        payment to provide proof of identity (by          unpacked and checked on delivery and any
before the sale.                                   providing some form of government issued          discrepancies noti ed to the transit insurer or
We also suggest that you leave a maximum           identi cation containing a photograph,            shipper immediately.
bid which we can execute on your behalf            such as a passport, identity card or driver’s
in the event we are unable to reach you by         licence) and con rmation of permanent             Export The export of any lot from Hong
telephone. Multi-lingual sta are available to      address. Thank you for your co-operation.         Kong or import into any other country may
execute bids for you. Please refer to Condition    Cheques and drafts should be made payable         be subject to one or more export or import
5 of the Conditions of Business for Buyers         to Sotheby’s Hong Kong Limited.                   licences being granted. It is the buyer’s
printed in this catalogue.                         Although personal and company cheques             responsibility to obtain any relevant export
                                                   drawn in HK dollars on Hong Kong banks            or import licence. The denial of any licence
Online Bidding via BIDnow If you cannot            are accepted, you are advised that property       required or delay in obtaining such licence
attend the auction, it may be possible to          will not be released until such cheques have      cannot justify the cancellation of the sale
bid online via BIDnow for selected sales.          cleared unless you have a pre-arranged            or any delay in making payment of the total
This service is free and con dential. For          Cheque Acceptance Facility. Forms to              amount due.
information about registering to bid via BIDnow,   facilitate this are available from the Finance    Sotheby’s, upon request and for an
please refer to sothebys.com. Bidders using        Department in Hong Kong.                          administrative fee, may apply for a licence to
the BIDnow service are subject to the Additional   If you wish to pay for any purchase with your     export your lot(s) outside Hong Kong.
Terms and Conditions for Live Online Bidding       American Express, Mastercard, Union Pay           Sotheby’s recommends that you retain all
via BIDnow, which can be viewed at sothebys.       or Visa, you must present the card in person      import and export papers, including licences,
com, as well as the Conditions of Business         to Sotheby’s Hong Kong. All charges are           as in certain countries you may be required to
applicable to the sale. The BIDnow online          subject to acceptance by Sotheby’s and by         produce them to governmental authorities.
bidding service is not avaliable for premium       American Express, MasterCard, Union Pay
lots.                                              or Visa, as the case may be. In the case a        Endangered Species Items made of or
                                                   charge is not approved, you will nevertheless     incorporating plant or animal material, such as
Employee Bidding Sotheby’s employees               be liable to Sotheby’s for all sums incurred by   rosewood, coral, crocodile, ivory, whalebone,
may bid only if the employee does not know         you. Credit card purchases may not exceed         tortoiseshell, etc., irrespective of age or value,
the reserve and fully complies with Sotheby’s      HK$1,000,000.                                     may require a licence or certi cate prior to
internal rules governing employee bidding.         Please note that Sotheby’s reserves the           exportation and require additional licences or
                                                   right to decline payments received from           certi cates upon importation to any country
US Economic Sanctions The United States            anyone other than the buyer of record and         outside Hong Kong. Please note that the
maintains economic and trade sanctions             that clearance of such payments will be           ability to obtain an export licence or certi cate
against targeted foreign countries, groups         required. Please contact our Client Accounts      does not ensure the ability to obtain an import
and organisations. US buyers will please note      Department if you have any questions              licence or certi cate in another country, and
that US persons are generally prohibited           concerning clearance.                             vice versa. For example, For example, it is
from selling, buying or otherwise dealing with                                                       illegal to import African elephant ivory into
property belonging to members, residents,          Collection and Storage All items from this        the United States. Sotheby’s suggests that
nationals or the governments of these              sale must be collected from HKCEC within          buyers check with their own government
countries, organisations or groups.                one hour after the sale nishes on the last        regarding wildlife import requirements prior
                                                   day of sale, failing which, the items will be     to placing a bid. It is the buyer’s responsibility
3. THE AUCTION                                     sent back to Sotheby’s where they will incur      to obtain any export or import licences and/
                                                   storage charge one month after the date of        or certi cates as well as any other required
Conditions of Business The auction is              the auction at the following rate:                documentation (please refer to Condition
governed by the Conditions of Business             Storage charge: HK$800 per lot per                10 of the Conditions of Business for Buyers
for Sellers and Buyers and the Authenticity        month.                                            printed in this catalogue).
Guarantee. These apply to all aspects of the       To arrange shipping or collection, please
relationship between Sotheby’s and actual          contact:                                          5. ADDITIONAL SERVICES
and prospective bidders and buyers. Anyone         Sale Administrator / Shipping
considering bidding in the auction should read     Administrator                                     Financial Services Sotheby’s o ers a wide
them carefully. They may be amended by way         As printed in front of this catalogue             range of nancial services including advances
of notices posted in the saleroom or by way of                                                       on consignments, as well as loans secured
announcement made by the auctioneer.               Lots will be released to you or your authorised   by art collections not intended for sale. This
                                                   representative when full and nal payment          is not an o er or solicitation and the services
Interested Parties Announcement In                 has been received by Sotheby’s, appropriate       are subject to the laws and regulations of
situations where a person who is allowed to        photographic identi cation has been made,         the jurisdictions in which the services are
bid on a lot has a direct or indirect interest in  and a release note has been provided by           provided. For further information please
such lot, such as the bene ciary or executor       Sotheby’s (open Monday to Friday 9:30am -         contact Sotheby’s Financial Services in Hong
of an estate selling the lot, a joint owner of     6pm).                                             Kong at +852 2822 8188 or in London at +44
the lot, or a party providing or participating     Please refer to Condition 7 of the Condition of   20 7293 6005
in a guarantee of the lot, Sotheby’s will          Business for Buyers printed in this catalogue.
make an announcement in the sale room                                                                Pre-sale Auction Estimates Sotheby’s
that interested parties may bid on the lot. In     Loss or Damage Buyers are reminded that           will be pleased to give preliminary pre-sale
certain circumstances, interested parties may      Sotheby’s accepts liability for loss or damage    auction estimates for your property. This
have knowledge of the reserves.                    to lots for a maximum period of thirty (30)       service is free of charge and is available from
                                                   calendar days after the date of the auction.      Sotheby’s experts in Hong Kong on week

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