Page 367 - Christie's Chinese Works of Art March 24 and 25th, 2022 NYC

CONDITIONS OF SALE • BUYING AT CHRISTIE’S

CONDITIONS OF SALE 6 WITHDRAWAL 2 RETURNING BIDDERS 3 AUCTIONEER’S DISCRETION
These Conditions of Sale and the Important Notices Christie’s may, at its option, withdraw any lot from As described in paragraph B(1) above, we may at our The auctioneer can at his or her sole option:
and Explanation of Cataloguing Practice set out auction at any time prior to or during the sale of the option ask you for current identification, a financial (a)refuse any bid;
the terms on which we offer the lots listed in this lot. Christie’s has no liability to you for any decision reference, or a deposit as a condition of allowing (b)move the bidding backwards or forwards in any
catalogue for sale. By registering to bid and/or by to withdraw. you to bid. If you have not bought anything from any way he or she may decide, or change the order
bidding at auction you agree to these terms, so you 7 JEWELLERY of our salerooms within the last two years or if you of the lots;
should read them carefully before doing so. You will want to spend more than on previous occasions, (c)withdraw any lot;
find a glossary at the end explaining the meaning (a)Coloured gemstones (such as rubies, sapphires please contact our Client Services Department at +1
of the words and expressions coloured in bold. As and emeralds) may have been treated to improve 212-636-2000. (d)divide any lot or combine any two or more lots;
well as these Conditions of Sale, lots in which we their look, through methods such as heating 3 IF YOU FAIL TO PROVIDE THE RIGHT (e)reopen or continue the bidding even after the
offer Non-Fungible Tokens are governed by the and oiling. These methods are accepted by the hammer has fallen; and
Additional Conditions of Sale – Non-Fungible international jewellery trade but may make the DOCUMENTS (f)in the case of error or dispute related to bidding
Tokens, which are available in Appendix A herein. gemstone less strong and/or require special care If in our opinion you do not satisfy our bidder and whether during or after the auction, continue
For the sale of Non-Fungible Tokens, to the extent over time. identification and registration procedures including, the bidding, determine the successful bidder,
there is a conflict between the “New York Conditions (b)All types of gemstones may have been but not limited to completing any anti-money cancel the sale of the lot, or reoffer and resell
of Sale Buying at Christie’s” and “Additional improved by some method. You may request a laundering and/or anti-terrorism financing checks any lot. If you believe that the auctioneer has
Conditions of Sale – Non-Fungible Tokens”, the gemmological report for any item which does not we may require to our satisfaction, we may refuse to accepted the successful bid in error, you must
latter controls. have a report if the request is made to us at least register you to bid, and if you make a successful bid, provide a written notice detailing your claim
three weeks before the date of the auction and we may cancel the contract for sale between you within 3 business days of the date of the auction.
Unless we own a lot in authen or in part (6 symbol), you pay the fee for the report. and the seller. The auctioneer will consider such claim in good
Christie’s acts as agent for the seller.
(c)We do not obtain a gemmological report for every 4 BIDDING ON BEHALF OF ANOTHER faith. If the auctioneer, in the exercise of his or
A BEFORE THE SALE gemstone sold in our auctions. Where we do PERSON her discretion under this paragraph, decides after
1 DESCRIPTION OF LOTS get gemmological reports from internationally If you are bidding on behalf of another person, the auction is complete, to cancel the sale of a
accepted gemmological laboratories, such
lot, or reoffer and resell a lot, he or she will notify
(a)Certain words used in the catalogue description reports will be described in the catalogue. that person will need to complete the registration the successful bidder no later than by the end
have special meanings. You can find details of Reports from American gemmological requirements above before you can bid, and supply of the 7th calendar day following the date of the
these on the page headed “Important Notices laboratories will describe any improvement a signed letter authorising you to bid for him/ auction. The auctioneer’s decision in exercise of
and Explanation of Cataloguing Practice” which or treatment to the gemstone. Reports from her. A bidder accepts personal liability to pay the this discretion is final. This paragraph does not in
forms part of these terms. You can find a key European gemmological laboratories will purchase price and all other sums due unless it any way prejudice Christie’s ability to cancel the
to the Symbols found next to certain catalogue describe any improvement or treatment only has been agreed in writing with Christie’s, before sale of a lot under any other applicable provision
entries under the section of the catalogue called if we request that they do so, but will confirm commencement of the auction, that the bidder is of these Conditions of Sale, including the rights
“Symbols Used in this Catalogue”. when no improvement or treatment has been acting as an agent on behalf of a named third party of cancellation set forth in sections B(3), E(2)(i),
(b) Our description of any lot in the catalogue, any made. Because of differences in approach and acceptable to Christie’s and that Christie’s will only F(4), and J(1).
condition report and any other statement made technology, laboratories may not agree whether seek payment from the named third party.
by us (whether orally or in writing) about any lot, a particular gemstone has been treated, the 5 BIDDING IN PERSON 4 BIDDING
including about its nature or condition, artist, amount of treatment, or whether treatment is The auctioneer accepts bids from:
period, materials, approximate dimensions, permanent. The gemmological laboratories will If you wish to bid in the saleroom you must register
or provenance are our opinion and not to be only report on the improvements or treatments for a numbered bidding paddle at least 30 minutes (a)bidders in the saleroom;
relied upon as a statement of fact. We do not known to the laboratories at the date of the before the auction. You may register online at www. (b)telephone bidders;
carry out in-depth research of the sort carried report. christies.com or in person. For help, please contact (c)internet bidders through Christie’s LIVE™ (as
out by professional historians and scholars. All (d)For jewellery sales, estimates are based on the the Client Service Department on +1 212-636-2000. shown above in paragraph B6); and
dimensions and weights are approximate only. information in any gemmological report. If no 6 BIDDING SERVICES (d)written bids (also known as absentee bids or
report is available, assume that the gemstones The bidding services described below are a free commission bids) left with us by a bidder before
2 OUR RESPONSIBILITY FOR OUR may have been treated or enhanced. service offered as a convenience to our clients and the auction.
DESCRIPTION OF LOTS Christie’s is not responsible for any error (human
We do not provide any guarantee in relation to 8 WATCHES & CLOCKS or otherwise), omission, or breakdown in providing 5 BIDDING ON BEHALF OF THE SELLER
the nature of a lot apart from our authenticity (a)Almost all clocks and watches are repaired in these services. The auctioneer may, at his or her sole option, bid
IDENTITY VERIFICATION warranty contained in paragraph E2 and to the their lifetime and may include parts which (a)Phone Bids on behalf of the seller up to but not including the
extent provided in paragraph I below.
are not original. We do not give a warranty
amount of the reserve either by making consecutive
3 CONDITION that any individual component part of any Your request for this service must be made no bids or by making bids in response to other bidders.
later than 24 hours prior to the auction. We will
watch is authentic. Watchbands described as
The auctioneer will not identify these as bids made
(a)The condition of lots sold in our auctions can “associated” are not part of the original watch accept bids by telephone for lots only if our on behalf of the seller and will not make any bid on
From January 2020, new anti-money laundering regulations require Christie’s and vary widely due to factors such as age, previous and may not be authentic. Clocks may be sold staff are available to take the bids. If you need behalf of the seller at or above the reserve. If lots
damage, restoration, repair and wear and without pendulums, weights or keys. to bid in a language other than in English, you are offered without reserve, the auctioneer will
other art businesses to verify the identity of all clients. To register as a new client, tear. Their nature means that they will rarely (b)As collectors’ watches often have very fine and must arrange this well before the auction. We generally decide to open the bidding at 50% of the
be in perfect condition. Lots are sold “as is,”
may record telephone bids. By bidding on the
low estimate for the lot. If no bid is made at that
in the condition they are in at the time of the complex mechanisms, you are responsible telephone, you are agreeing to us recording level, the auctioneer may decide to go backwards
you will need to provide the following documents, or if you are an existing client, you sale, without any representation or warranty for any general service, change of battery, or your conversations. You also agree that your at his or her sole option until a bid is made, and then
or assumption of liability of any kind as to further repair work that may be necessary. We telephone bids are governed by these Conditions continue up from that amount. In the event that
do not give a warranty that any watch is in good
will be prompted to provide any outstanding documents the next time you transact. condition by Christie’s or by the seller. working order. Certificates are not available of Sale. there are no bids on a lot, the auctioneer may deem
(b)Any reference to condition in a catalogue entry unless described in the catalogue. (b)Internet Bids on Christie’s LIVE™ such lot unsold.
or in a condition report will not amount to a full (c)Most wristwatches have been opened to find For certain auctions we will accept bids over
Private individuals: description of condition, and images may not out the type and quality of movement. For that the Internet. For more information, please 6 • BID INCREMENTS
show a lot clearly. Colours and shades may look reason, wristwatches with water resistant cases visit https://www.christies.com/buying- Bidding generally starts below the low estimate and
• A copy of your passport or other government-issued photo ID different in print or on screen to how they look may not be waterproof and we recommend you services/buying-guide/register-and-bid/. As increases in steps (bid increments). The auctioneer
well as these Conditions of Sale, internet bids are
on physical inspection. Condition reports may
be available to help you evaluate the condition have them checked by a competent watchmaker governed by the Christie’s LIVE™ Terms of Use will decide at his or her sole option where the
• Proof of your residential address (such as a bank statement or utility bill) of a lot. Condition reports are provided free of before use. which are available at https://www.christies. bidding should start and the bid increments.
charge as a convenience to our buyers and are Important information about the sale, transport com/LiveBidding/OnlineTermsOfUse.aspx. 6 CURRENCY CONVERTER
and shipping of watches and watchbands can be
dated within the last three months for guidance only. They offer our opinion but found in paragraph H2(f). (c)Written Bids The saleroom video screens (and Christies LIVE™)
they may not refer to all faults, inherent defects,
You can find a Written Bid Form at any Christie’s
restoration, alteration or adaptation because office, or by choosing the sale and viewing the may show bids in some other major currencies as
well as US dollars. Any conversion is for guidance
Please upload your documents through your christies.com account: our staff are not professional restorers or B REGISTERING TO BID lots online at www.christies.com. We must only and we cannot be bound by any rate of
conservators. For that reason condition reports 1 NEW BIDDERS receive your completed Written Bid at least 24 exchange used. Christie’s is not responsible for any
click ‘My Account’ followed by ‘Complete Profle’. You can also email your are not an alternative to examining a lot in person (a)If this is your first time bidding at Christie’s or hours before the auction. Bids must be placed error (human or otherwise), omission or breakdown
in the currency of the saleroom. The auctioneer
you are a returning bidder who has not bought
or seeking your own professional advice. It is your
in providing these services.
responsibility to ensure that you have requested, anything from any of our salerooms within the will take reasonable steps to carry out written
documents to info@christies.com or provide them in person. received and considered any condition report. last two years you must register at least 48 bids at the lowest possible price, taking into 7 SUCCESSFUL BIDS
hours before an auction begins to give us enough account the reserve. If you make a written bid Unless the auctioneer decides to use his or her
4 VIEWING LOTS PRE-AUCTION time to process and approve your registration. on a lot which does not have a reserve and discretion as set out in paragraph C3 above, when
Organisations: (a)If you are planning to bid on a lot, you should We may, at our option, decline to permit you to there is no higher bid than yours, we will bid on the auctioneer’s hammer strikes, we have accepted
inspect it personally or through a knowledgeable register as a bidder. You will be asked for the your behalf at around 50% of the low estimate the last bid. This means a contract for sale has
• Formal documents showing the company’s incorporation, its registered ofice representative before you make a bid to make following: or, if lower, the amount of your bid. If we receive been formed between the seller and the successful
sure that you accept the description and its (i)for individuals: Photo identification (driver’s written bids on a lot for identical amounts, and at bidder. We will issue an invoice only to the registered
and business address, and its oficers, members and ultimate benefcial owners condition. We recommend you get your own licence, national identity card, or passport) the auction these are the highest bids on the lot, bidder who made the successful bid. While we
we will sell the lot to the bidder whose written
send out invoices by mail and/or email after the
and, if not shown on the ID document, proof
advice from a restorer or other professional
adviser. of your current address (for example, a bid we received first. auction, we do not accept responsibility for telling
• A passport or other government-issued photo ID for each authorised user (b)Pre-auction viewings are open to the public free current utility bill or bank statement); you whether or not your bid was successful. If you
of charge. Our specialists may be available to (ii)for corporate clients: Your Certificate of C CONDUCTING THE SALE have bid by written bid, you should contact us by
Please email your documents to info@christies.com or provide them in person. answer questions at pre-auction viewings or by Incorporation or equivalent document(s) 1 WHO CAN ENTER THE AUCTION telephone or in person as soon as possible after the
auction to get details of the outcome of your bid to
appointment. showing your name and registered address We may, at our option, refuse admission to our
together with documentary proof of premises or decline to permit participation in any avoid having to pay unnecessary storage charges.
5 ESTIMATES directors and beneficial owners; and auction or to reject any bid. 8 LOCAL BIDDING LAWS
Estimates are based on the condition, rarity, (iii)for trusts, partnerships, offshore companies 2 RESERVES You agree that when bidding in any of our sales
quality and provenance of the lots and on prices and other business structures, please that you will strictly comply with all local laws and
recently paid at auction for similar property. contact us in advance to discuss our Unless otherwise indicated, all lots are subject to a regulations in force at the time of the sale for the
Estimates can change. Neither you, nor anyone requirements. reserve. We identify lots that are offered without relevant sale site.
else, may rely on any estimates as a prediction (b)We may also ask you to give us a financial reserve with the symbol • next to the lot number.
362 or guarantee of the actual selling price of a lot or reference and/or a deposit as a condition of The reserve cannot be more than the lot’s low 363
estimate.
its value for any other purpose. Estimates do not allowing you to bid. For help, please contact our
include the buyer’s premium or any applicable Client Services Department at +1 212-636-2000.
taxes.