Page 169 - Important Chinese Art, Sotheby's London May 15 2019
P. 169

BUYING AT AUCTION        any intended use, the electrical system   is free and confidential. For information   passport, identity card or driver’s licence)
                                    is checked and approved by a qualified   about registering to bid via BIDnow, please   and confirmation of permanent address.
           The following pages are designed to give   electrician.  refer to sothebys.com. For information   Thank you for your co-operation.
           you useful information on how to buy   Provenance  In certain circumstances,   about registering to bid on eBay, please   Cheques should be made payable
           at auction. Sotheby’s staff as listed at   Sotheby’s may print in the catalogue   see www.ebay.com/sothebys. For   to Sotheby’s. Although personal and
           the front of this catalogue will be happy   the history of ownership of a work of   information about registering to bid on   company cheques drawn in pounds
           to assist you. However, it is important   art if such information contributes to   Invaluable, please see www.invaluable.  sterling on UK banks are accepted, you
           that you read the following information   scholarship or is otherwise well known   com/invaluable/help.cfm. Bidders using   are advised that property will not be
           carefully and note that Sotheby’s act for   and assists in distinguishing the work of   any online platform are subject to the   released until such cheques have cleared
           the seller. Bidders’ attention is specifically   art. However, the identity of the seller or   Additional Terms and Conditions for Live   unless you have a pre-arranged Cheque
           drawn to Conditions 3 and 4, which   previous owners may not be disclosed   Online Bidding, which can be viewed at   Acceptance Facility. Forms to facilitate this
           require them to investigate lots prior   for a variety of reasons. For example,   sothebys.com, as well as the Conditions of   are available from the Post Sale Services
           to bidding and which contain specific   such information may be excluded to   Business applicable to the sale.  Department.
           limitations and exclusions of the legal   accommodate a seller’s request for   Consecutive and Responsive Bidding
           liability of Sotheby’s and sellers. The   confidentiality or because the identity of   The auctioneer may open the bidding on   Bank transfers Our bank account details
           limitations and exclusions relating to   prior owners is unknown given the age of   any lot by placing a bid on behalf of the   are shown on our invoices. Please include
           Sotheby’s are consistent with its role as   the work of art.  seller. The auctioneer may further bid   your name, Sotheby’s account number
           auctioneer of large quantities of goods            on behalf of the seller, up to the amount   and invoice number with your instructions
           of a wide variety and bidders should pay   2. DURING THE AUCTION  of the reserve, by placing consecutive or   to your bank. Please note that we reserve
           particular attention to these Conditions.          responsive bids for a lot. Please refer to   the right to decline payments received
           Prospective bidders should also consult   Conditions of Business  The auction is   Condition 6 of the Conditions of Business   from anyone other than the buyer
           www.sothebys.com for the most up to   governed by the Conditions of Business   for Buyers printed in this catalogue.  of record and that clearance of such
           date cataloguing of the property in this   and Authenticity Guarantee. These apply   payments will be required. Please contact
           catalogue.               to all aspects of the relationship between   Interested Parties Announcement  In   our Post Sale Services Department if you
                                    Sotheby’s and actual and prospective   situations where a person who is allowed   have any questions concerning clearance.
           Buyer’s Premium  A buyer’s premium   bidders and buyers. Anyone considering   to bid on a lot has a direct or indirect
           will be added to the hammer price and is   bidding in the auction should read them   interest in such lot, such as the beneficiary   Card payment  Sotheby’s accepts
           payable by the buyer as part of the total   carefully. They may be amended by way of   or executor of an estate selling the lot, a   payment by Visa, MasterCard, American
           purchase price. The buyer’s premium   notices posted in the saleroom or by way   joint owner of the lot, or a party providing   Express and CUP credit and debit cards.
           is 25% of the hammer price up to and   of announcement made by the auctioneer.  or participating in a guarantee of the lot,   Card payments may not exceed £30,000
           including £300,000; 20% on any amount              Sotheby’s will make an announcement   per sale.  All cards are accepted in person
           in excess of £300,000 up to and including   Bidding at Auction  Bids may be executed   in the saleroom that interested parties   at Sotheby’s premises at the address
                                    in person by paddle during the auction,
           £3,000,000; and 13.9% on any remaining             may bid on the lot. In certain instances,   noted in the catalogue.  With the exception
           amount in excess of £3,000,000.   in writing prior to the sale, by telephone   interested parties may have knowledge of   of CUP, card payments may also be made
                                    or online.
           These rates are exclusive of any applicable        the reserves.            online at http://www.sothebys.com/en/
           VAT.                     Auction speeds vary, but average between           invoice-payment.html or by calling Post
                                    50 and 120 lots per hour. The bidding   Employee Bidding  Sotheby’s employees   Sale Services at +44 (0)20 7293 5220.
           1.  BEFORE THE AUCTION   steps are generally in increments of   may bid only if the employee does not   We reserve the right to seek identification
           Catalogue Subscriptions  If you would   approximately 10% of the previous bid.  know the reserve and fully complies   of the source of funds received.
           like to take out a catalogue subscription,   Please refer to Conditions 5 and 6 of   with Sotheby’s internal rules governing
           please ring +44 (0)20 7293 5000.  the Conditions of Business for Buyers   employee bidding.  The Conditions of Business require buyers
                                                                                       to pay immediately for their purchases.
           Pre-sale Estimates  Pre-sale estimates   printed in this catalogue.  US Economic Sanctions  The United   However, in limited circumstances and
           are intended as a guide for prospective   Bidding in Person  To bid in person, you   States maintains economic and trade   with the seller’s agreement, Sotheby’s
           buyers. Any bid between the high and low   will need to register for and collect a   sanctions against targeted foreign   may grant buyers it deems creditworthy
           pre-sale estimates would, in our opinion,   numbered paddle before the auction   countries, groups and organisations.    the option of paying for their purchases
           offer a chance of success. However, lots   begins. Proof of identity will be required.   There may be restrictions on the import   on an extended payment term basis.
           can realise prices above or below the pre-  If you have a Sotheby’s Client Card, it will   into the United States of certain items   Generally credit terms must be
           sale estimates.                                    originating in sanctioned countries,   arranged prior to the sale. In advance
                                    facilitate the registration process.  including Burma, Cuba, Iran, North Korea
            It is advisable to consult us nearer the   Should you be the successful buyer   and Sudan. The purchaser’s inability to   of determining whether to grant the
           time of sale as estimates can be subject   of a lot, please ensure that your paddle   import any item into the US or any other   extended payment terms, Sotheby’s may
           to revision. The estimates printed in the   can be seen by the auctioneer and that it   country as a result of these or other   require credit references and proof of
           auction catalogue do not include the   is your number that is called out. Should   restrictions shall not justify cancellation   identity and residence.
           buyer’s premium or VAT.  there be any doubts as to price or buyer,   or rescission of the sale or any delay in   Collection  It is Sotheby’s policy to
           Pre-sale Estimates in US Dollars and   please draw the auctioneer’s attention to   payment.  Please check with the specialist   request proof of identity on collection of
           Euros  Although the sale is conducted in   it immediately.  department if you are uncertain as to   a lot. Lots will be released to you or your
           pounds sterling, the pre-sale estimates in   All lots sold will be invoiced to the name   whether a lot is subject to these import   authorised representative when full and
           some catalogues are also printed in US   and address in which the paddle has been   restrictions, or any other restrictions on   cleared payment has been received by
           dollars and/or euros. The rate of exchange   registered and cannot be transferred to   importation or exportation.   Sotheby’s. If you are in doubt about the
           is the rate at the time of production of this   other names and addresses.  3. AFTER THE AUCTION  location of your purchases, please contact
           catalogue. Therefore, you should treat                                      the Sale Administrator prior to arranging
           the estimates in US dollars or euros as a   Please do not mislay your paddle; in   Payment  Payment is due immediately   collection. Removal, storage and handling
           guide only.              the event of loss, inform the Sales Clerk   after the sale and may be made by   charges may be levied on uncollected
                                    immediately. At the end of the sale, please   Sterling Wire Transfer or Sterling Cheque.    lots. Please refer to Condition 7 of the
           Condition of Lots  Prospective buyers   return your paddle to the registration   Payments by Sterling Cash and by Credit/  Conditions of Business for Buyers printed
           are encouraged to inspect the property   desk.     Debit Cards are also accepted subject to   in this catalogue.
           at the pre-sale exhibitions. Solely as             certain restrictions and/or surcharges
           a convenience, Sotheby’s may also   Absentee, Telephone and Internet Bids    –  please see below.  Storage  Storage and handling charges
           provide condition reports. The absence   If you cannot attend the auction, we   may apply. For information concerning
           of reference to the condition of a lot in the   will be happy to execute written bids   •  It is against Sotheby’s general policy   post sale storage and charges, please see
           catalogue description does not imply that   on your behalf or you can bid on the   to accept single or multiple related   Sotheby’s Greenford Park, Storage and
                                                                                       Collection Information at the back of this
      02/19   NBS_BUYING AT AUCTION  Conditions of Business for Buyers printed   using BIDnow. A bidding form and more   currency equivalent of US$10,000.   the Conditions of Business for Buyers
                                                              payments in the form of cash or cash
                                    telephone for lots with a minimum low
           the lot is free from faults or imperfections.
                                                                                       catalogue. Please refer to Condition 7 of
                                                              equivalents in excess of the local
                                    estimate of £3,000 or you can bid online
           Please refer to Condition 3 of the
                                                                                       printed in this catalogue.
                                    information can be found at the back of
           in this catalogue.
                                                              •  It is Sotheby’s policy to request any
                                    this catalogue.
                                                                                         All purchases remaining at our New
                                                              new clients or buyers preferring to
           Electrical and Mechanical Goods  All
                                                                                       Bond Street premises 90 days after
           electrical and mechanical goods are sold
                                    auction, it may be possible to bid online via
                                                              of identity (by providing some form
           on the basis of their artistic and decorative
                                                                                       Greenford Park Fine Art Storage (see
                                    BIDnow, eBay, Invaluable or other Online
                                                              of government issued identification
           value only, and should not be assumed   Online Bidding If you cannot attend the   make a cash payment to provide: proof   the sale will be transferred to Sotheby’s
           to be operative. It is essential that prior to   Platforms for selected sales. This service   containing a photograph, such as a   Sotheby’s Greenford Park, Storage and
                                                                                       Collection information). All such purchases
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