Page 120 - Lieber Collection Chinese Art

by the auctioneer will be the purchaser. The defenses, seto$ s or counterclaims of any interest of ! rst priority in any property or
CONDITIONS OF SALE auctioneer has absolute and sole discretion kind whatsoever. Sotheby’s is not obligated money of or owing to such purchaser in
in the case of error or dispute with respect to release a lot to the purchaser until title to our possession, custody or control or in
The following Conditions of Sale and Terms to bidding, and whether during or after the the lot has passed and any earlier release the possession, custody or control of any
of Guarantee are Sotheby’s, Inc. and the sale, to determine the successful bidder, to does not a$ ect the passing of title or the of our a" liated companies, in each case
Consignor’s entire agreement with the re-open the bidding, to cancel the sale or purchaser’s unconditional obligation to pay whether at the time of the auction, the
purchaser and any bidders relative to the to re-o$ er and re-sell the item in dispute. If the full purchase price. In addition to other default or if acquired at any time thereafter,
property listed in this catalogue. any dispute arises after the sale, our sale remedies available to us by law, we reserve and we may retain and apply such property
The Conditions of Sale, Terms of record is conclusive. In our discretion we the right to impose from the date of sale a or money as collateral security for the
Guarantee, the glossary, if any, and all other will execute order or absentee bids and late charge of the annual percentage rate obligations due to us or to any a" liated
contents of this catalogue are subject to accept telephone bids and online bids via of Prime + 6% of the total purchase price company of ours. We shall have all of the
amendment by us by the posting of notices BIDnow, eBay, Invaluable or other online if payment is not made in accordance with rights accorded a secured party under
or by oral announcements made during platforms as a convenience to clients who the conditions set forth herein. Please note the New York Uniform Commercial Code.
the sale. The property will be o" ered by are not present at auctions; Sotheby’s is Sotheby’s reserves the right to refuse to You hereby agree that Sotheby’s may ! le
us as agent for the Consignor, unless the not responsible for any errors or omissions accept payment from a source other than ! nancing statements under the New York
catalogue indicates otherwise. in connection there with. Prospective the buyer of record. Uniform Commercial Code without your
By partici pating in any sale, you bidders should also consult sothebys.com Unless otherwise agreed by Sotheby’s, signature. Payment will not be deemed
acknowledge that you are bound by these for the most up to date cataloguing of the all property must be removed from our to have been made in full until we have
terms and conditions. property in this catalogue. premises by the purchaser at his expense collected good funds. Any claims relating
By participating in the sale, you represent not later than 30 calendar days following to any purchase, including any claims
1.#As Is#Goods auctioned are often and warrant that any bids placed by you, its sale. Purchasers are reminded that under the Conditions of Sale or Terms of
of some age. The authenticity of the or on your behalf, are not the product of Sotheby’s liability for loss of or damage to Guarantee, must be presented directly
Authorship (as de! ned below) of property any collusive or other anti-competitive sold property shall cease upon the earlier to Sotheby’s. In the event the purchaser
listed in the catalogue is guaranteed as agreement and are otherwise consistent of (a) 30 calendar days after the date of the fails to pay any or all of the total purchase
stated in the Terms of Guarantee and with federal and state antitrust law. auction and (b) our release of the property price for any lot and Sotheby’s nonetheless
except for the Limited Warranty contained In order to bid on “Premium Lots” you to the purchaser or the purchaser’s elects to pay the Consignor any portion
therein, all property is sold “AS IS” without must complete the required Premium Lot designated agent. Upon the expiration of the sale proceeds, the purchaser
any representations or warranties by us pre-registra tion application. Sotheby’s of such 30 calendar day period or upon acknowledges that Sotheby’s shall have
or the Consignor as to merchantability, decision whether to accept any pre- such earlier release, as applicable: (i) the all of the rights of the Consignor to pursue
! tness for a particular purpose, the registration application shall be ! nal. You purchaser bears full liability for any and all the purchaser for any amounts paid to the
correctness of the catalogue or other must arrange for Sotheby’s to receive loss of or damage to the property; (ii) the Consignor, whether at law, in equity, or
description of the physical condition, your pre-registration application at least purchaser releases Sotheby’s, its a" liates, under these Conditions of Sale.
size, quality, rarity, importance, medium, three working days before the sale. Please agents and warehouses from any and all
frame, provenance, exhibitions, literature bear in mind that we are unable to obtain liability and claims for loss of or damage 10.#Reserve All lots in this catalogue are
or historical relevance of any property ! nancial references over weekends or to the property; and (iii) the purchaser o$ ered subject to a reserve, which is the
and no statement anywhere, whether public holidays. agrees to indemnify and hold Sotheby’s, its con! dential minimum hammer price at
oral or written, whether made in the Sotheby’s may require such necessary a" liates, agents and warehouses harmless which a lot will be sold. No reserve will
catalogue, an advertisement, a bill of sale, ! nancial references, guarantees, deposits from and against any and all liability for exceed the low presale estimate stated
a salesroom posting or announcement, and/or such other security, in its absolute loss of or damage to property and any in the catalogue, or as amended by oral
or elsewhere, shall be deemed such a discretion, as security for your bid(s). all claims related to loss of or damage to or posted notices. We may implement
warranty, representation or assumption the property as of and from and after the such reserve by opening the bidding on
of liability. We and the Consignor make no 7.#Online Bids via BIDnow or other Online time Sotheby’s liability for loss or damage behalf of the Consignor and may bid up
representations and warranties, express Platforms: Sotheby’s may o$ er clients to the property ceases in accordance to the amount of the reserve, by placing
or implied, as to whether the purchaser the opportunity to bid online via BIDnow, with this paragraph. If any applicable successive or consecutive bids for a lot,
acquires any copyrights, including but not eBay, Invaluable or other Online Platforms conditions herein are not complied with or bids in response to other bidders. In
limited to, any reproduction rights in any for selected sales. By participating in a by the purchaser, the purchaser will be in instances where we have an interest in the
property. We and the Consignor are not sale via any of these Online Platforms, you default and in addition to any and all other lot other than our commission, we may bid
responsible for errors and omissions in the acknowledge that you are bound by these remedies available to us and the Consignor up to the reserve to protect such interest.
catalogue, glossary, or any supplemental Conditions of Sale as well as the Additional by law, including, without limitation, the In certain instances, the Consignor may
material. Sotheby’s will not be responsible Terms and Conditions for Live Online right to hold the purchaser liable for the pay us less than the standard commission
or liable for damage to frames and glass Bidding (“Online Terms”). By participating total purchase price, including all fees, rate where a lot is “bought-in” to protect
coverings, regardless of the cause. in a sale via any Online Platform, Bidders charges and expenses more fully set forth its reserve.
accept the Online Terms, as well as the herein, we, at our option, may (x) cancel
2.#Inspection Prospective bidders should relevant Conditions of Sale. Online bidding the sale of that, or any other lot or lots 11.#Tax Unless exempted by law, the
inspect the property before bidding to may not be available for Premium Lots. sold to the defaulting purchaser at the purchaser will be required to pay the
determine its condition, size, and whether same or any other auction, retaining as combined New York State and local sales
or not it has been repaired or restored. 8.#Bids Below Reserve If the auctioneer liquidated damages all payments made by tax, any applicable compensating use tax
deter mines that any opening bid is below the purchaser, or (y) resell the purchased of another state, and if applicable, any
3.#Buyer’s Premium A buyer’s premium the reserve of the article o$ ered, he may property, whether at public auction or by federal luxury or other tax, on the total
will be added to the hammer price and is reject the same and withdraw the article private sale, or (z) e$ ect any combination purchase price. The rate of such combined
payable by the purchaser as part of the from sale, and if, having acknowledged thereof. In any case, the purchaser will tax is 8.875% in New York City and ranges
total purchase price. The buyer’s premium an opening bid, he deter mines that any be liable for any de! ciency, any and all from 7% to 8.625% elsewhere in New York.
is 25% of the hammer price up to and advance thereafter is insu" cient, he may costs, handling charges, late charges,
including $300,000, 20% of any amount reject the advance. expenses of both sales, our com missions 12.#Export and Permits It is the
in excess of $300,000 up to and including on both sales at our regular rates, legal purchaser’s sole responsibility to identify
$3,000,000, and 12.9% of any amount in 9.#Purchaser’s Responsibility Subject fees and expenses, collection fees and and obtain any necessary export,
excess of $3,000,000. to ful! ll ment of all of the conditions set incidental damages. We may, in our sole import, ! rearm, endangered species or
forth herein, on the fall of the auctioneer’s discretion, apply any proceeds of sale other permit for the lot. Any symbols
4.#Withdrawal We reserve the right to hammer, the contract between the then due or thereafter becoming due to or notices in the sale catalogue re& ect
withdraw any property before the sale and consignor and the purchaser is concluded, the purchaser from us or any a" liated Sotheby’s reasonable opinion at the
shall have no liability whatsoever for such and the winning bidder thereupon will company, or any payment made by the time of cataloguing and are for bidders’
withdrawal. immediately pay the full purchase price purchaser to us or any a" liated company, general guidance only; Sotheby’s and the
or such part as we may require. Title in a whether or not intended to reduce the Consignor make no representations or
5.#Per Lot Unless otherwise announced purchased lot will not pass until Sotheby’s purchaser’s obligations with respect to warranties as to whether any lot is or is not
by the auctioneer, all bids are per lot as has received the full purchase price in the unpaid lot or lots, to the de! ciency subject to export or import restrictions or
and any other amounts due to us or
numbered in the catalogue. cleared funds. The purchaser’s obligation any embargoes.
to immediately pay the full purchase price any a" liated companies. In addition, a
or such part as we may require is absolute defaulting purchaser will be deemed to
6.#Bidding We reserve the right to reject 13.#Governing Law and Jurisdiction These
and unconditional and is not subject to any have granted and assigned to us and our
any bid. The highest bidder acknowledged Conditions of Sale and Terms of Guarantee,
a" liated companies, a continuing security
118 SOTHEBY’S