Page 240 - 2019 October Fine Chinese Paintings Hong Kong

IMPORTANT NOTICE BUYING AT AUCTION Pre-sale Estimates Pre-sale estimates are he or she will be required to pay the full
intended as a guide for prospective buyers. Buyer’s Premium and will not be otherwise
Please note that all lots are sold subject to The following pages are designed to give Any bid between the high and low pre-sale compensated. If the irrevocable bid is not
our Conditions of Business for Buyers and you useful information on how to buy at estimates would, in our opinion, o er a chance secured until after the printing of the auction
Authenticity Guarantee, which are set forth at auction. Sotheby’s sta as listed at the front of success. However, all lots can realise prices catalogue, a pre-lot announcement will be
the back of this catalogue and Conditions of of this catalogue will be happy to assist you. above or below the pre-sale estimates. made indicating that there is an irrevocable
Business for Sellers, which are available from However, it is important that you read the It is advisable to consult us nearer the time of bid on the lot. If the irrevocable bidder is
Sotheby’s o ces on request. Prospective following information carefully and note that sale as estimates can be subject to revision. advising anyone with respect to the lot,
bidders should review the Conditions of Sotheby’s acts for the seller; you should refer The estimates printed in the auction catalogue Sotheby’s requires the irrevocable bidder to
Business, Authenticity Guarantee and the in particular to Conditions 3 and 4 of the do not include the buyer’s premium. disclose his or her nancial interest in the lot.
Buying at Auction guide. Conditions of Business for Buyers printed in If an agent is advising you or bidding on your
this catalogue. Symbol Key The following key explains the behalf with respect to a lot identi ed as being
Condition reports printed in the catalogue are Prospective bidders should also consult symbols you may see inside this catalogue. subject to an irrevocable bid, you should
intended as a guide only. Sotheby’s will be www.sothebys,com for the most up to date request that the agent disclose whether or
pleased to provide more detailed reports on cataloguing of the property in this catalogue. Premium Lots not he or she has a nancial interest in the lot.
any lot on request. Nevertheless, prospective In order to bid on “Premium Lots” ( in print
buyers are reminded that all lots are sold Provenance In certain circumstances, catalogue, in eCatalogue), Sotheby’s may  Interested Parties
as shown and their attention is drawn to Sotheby’s may print in the catalogue the request from prospective bidders to complete Lots with this symbol indicate that parties
Condition 3 of the Conditions of Business for history of ownership of a work of art if such the pre-registration application form and to with a direct or indirect interest in the lot
Buyers printed in this catalogue. information contributes to scholarship deliver to Sotheby’s a deposit of may be bidding on the lot, including (i) the
or is otherwise well known and assists in HK$5,000,000 or such other higher amount bene ciary of an estate selling the lot, or
重要通知 distinguishing the work of art. However, the as may be determined by Sotheby’s (for any (ii) the joint owner of a lot. If the interested
請注意所有拍賣品皆受制於目錄後給買家業 identity of the seller or previous owners may items of Chinese Works of Art, Fine Chinese party is the successful bidder, they will be
務規則及真品保證，以及可於蘇富比辦事處 not be disclosed for a variety of reasons. For Paintings, Fine Classical Chinese Paintings, required to pay the full Buyer’s Premium. In
索取給賣家業務規則。準買家應細閱買家業 example, such information may be excluded Magni cent Jewels & Jadeite and Modern & certain instances, interested parties may have
務規則，真品保證及給準買家之指引。 to accommodate a seller’s request for Contemporary Art – Evening Sale) and of knowledge of the reserve. In the event the
con dentiality or because the identity of prior HK$2,000,000 or such other higher amount interested party’s possible participation in the
owners is unknown given the age of the work sale is not known until after the printing of the
目錄中的狀況報告用意在於為準買家提供指 of art. as may be determined by Sotheby’s (for any auction catalogue, a pre-lot announcement
引。如有要求的話蘇富比樂意提供任何物品 items in other categories), and any nancial will be made indicating that interested parties
之詳細報告。無論如何，請準買家注意所有 Buyer’s Premium A buyer’s premium will be references, guarantees and/or such other may be bidding on the lot.
物品皆以出示的狀況出售及注意給買家業務 added to the hammer price and is payable by security as Sotheby’s may require in its
規則交易條款 3。 the buyer as part of the total purchase price. absolute discretion as security for the bid. If □ No Reserve
all lots in the catalogue are “Premium Lots”, a
The buyer’s premium is 25% of the hammer Special Notice will be included to this e ect Unless indicated by a box ( □ ), all lots in this
price up to and including HK$3,500,000, 20% and this symbol will not be used. catalogue are o ered subject to a reserve.
of any amount in excess of HK$3,500,000 up A reserve is the con dential hammer price
to and including HK$31,000,000, and 13.9%  Guaranteed Property established between Sotheby’s and the
of any amount in excess of HK$31,000,000. seller and below which a lot will not be sold.
The seller of lots with this symbol has The reserve is generally set at a percentage
been guaranteed a minimum price from
1. BEFORE THE AUCTION one auction or a series of auctions. This of the low estimate and will not exceed the
guarantee may be provided by Sotheby’s, low estimate for the lot. If any lots in the
Catalogue Subscriptions If you would like by a third party or jointly by Sotheby’s and a catalogue are o ered without a reserve, these
to take out a catalogue subscription, please third party. A guarantee may be in the form lots are indicated by a box ( □ ). If all lots in
ring (852) 2822 8142. of an irrevocable bid provided by a third the catalogue are o ered without a reserve,
party. Third parties providing or participating a Special Notice will be included to this e ect
Deposit If you wish to bid on ( ) lots in the in a guarantee may bene t nancially if a and the box symbol will not be used.
printed catalogue and ( ) lots in the guaranteed lot is sold successfully and may
eCatalogue, you may be requested by incur a loss if the sale is not successful. If Condition of Lots Prospective buyers are
Sotheby’s to deliver to Sotheby’s a deposit of every lot in a catalogue is guaranteed, the encouraged to inspect the property at the
HK$5,000,000 or such other higher amount Important Notices in the sale catalogue will so pre-sale exhibitions. Solely as a convenience,
as may be determined by Sotheby’s (for any state and this symbol will not be used for each Sotheby’s may provide condition reports.
items of Chinese Works of Art, Fine Chinese lot. If a third party providing or participating in The absence of reference to the condition
Paintings, Fine Classical Chinese Paintings, a guarantee is the successful bidder for the of a lot in the catalogue description does
Magni cent Jewels & Jadeite and Modern & guaranteed lot, they will be required to pay not imply that the lot is free from faults or
Contemporary Art – Evening Sale) and of the full Buyer’s Premium. imperfections. Please refer to Condition 3 of
HK$2,000,000 or such higher amount as the Conditions of Business for Buyers printed
may be determined by Sotheby’s (for any △ Property in which Sotheby’s has an in this catalogue.
items in other categories), and any nancial Ownership Interest
references, guarantees and/or such other Lots with this symbol indicate that Sotheby’s Electrical and Mechanical Goods All
security as Sotheby’s may require in its owns the lot in whole or in part or has an electrical and mechanical goods are sold on
absolute discretion as security for the bid. economic interest in the lot equivalent to an the basis of their decorative value only and
For any lots other than Premium Lots, ownership interest. If all lots in the catalogue should not be assumed to be operative. It is
regardless of the low pre-sale estimate for the are lots in which Sotheby’s has an ownership essential that prior to any intended use, the
lot, Sotheby’s reserves the right to request interest, a Special Notice will be included to electrical system is checked and approved by
from prospective bidders to complete the pre- this e ect and the triangle symbol will not be a quali ed electrician.
registration application form and to deliver used.
to Sotheby’s a deposit of HK$1,000,000 or 2. BIDDING IN THE SALE
such higher amount as may be determined  Irrevocable Bids
by Sotheby’s (for any items of Chinese Works Lots with this symbol indicate that a party has Bidding at Auction Bids may be executed
of Art, Fine Chinese Paintings, Fine Classical provided Sotheby’s with an irrevocable bid on in person by paddle during the auction, in
Chinese Paintings, Magni cent Jewels & the lot that will be executed during the sale at writing prior to the sale by telephone or online.
Jadeite and Modern & Contemporary Art – a value that ensures that the lot will sell. The Auction speeds vary, but average between 50
Evening Sale) and of HK$500,000 or such irrevocable bidder, who may bid in excess and 120 lots per hour. The bidding steps are
other higher amount as maybe determined by of the irrevocable bid, will be compensated generally in increments of approximately 10%
Sotheby’s (for any items in other categories) based on the nal hammer price in the event of the previous bid.
and any nancial references, guarantees he or she is not the successful bidder. If the Please refer to Conditions 5 and 6 of the
and/or such other security as Sotheby’s may irrevocable bidder is the successful bidder, Conditions of Business for Buyers printed in
require in its absolute discretion as security this catalogue.
for the bid.

238 SOTHEBY’S