Page 135 - Bonhams Presencer Buddhist Art Collection Oct. 2 2018

will be issued with a large card (a “paddle”) with a printed the Sale. You will be liable to pay the Purchase Price, which Debit cards issued by a Hong Kong bank (EPS): there is
number on it. This will be attributed to you for the purposes is the Hammer Price plus any Tax. no additional charge for purchases made with these cards in
of the Sale. Should you be a successful Bidder you will person;
need to ensure that your number can be clearly seen by the At the same time, a separate contract is also entered into
Auctioneer and that it is your number which is identified as between us as auctioneers and the Buyer. This is our Buyer’s Credit cards: American Express, Visa and Mastercard only.
the Buyer’s. You should not let anyone else use your paddle Agreement, the terms of which are set out in Appendix 2 There is a HK$200,000 limit on payment value if payment is
as all Lots will be invoiced to the name and address given on at the end of the Catalogue. Please read the terms of the made in person.
your Bidder Registration Form. Once an invoice is issued it Contract for Sale and our Buyer’s Agreement contained in
will not be changed. the Catalogue in case you are the successful Bidder. We Payment by telephone may also be accepted up to
may change the terms of either or both of these agreements in HK$50,000, subject to appropriate verification procedures,
If there is any doubt as to the Hammer Price of, or whether advance of their being entered into, by setting out different terms although this facility is not available for first time buyers. If
you are the successful Bidder of, a particular Lot, you must in the Catalogue and/or by placing an insert in the Catalogue and/ the amount payable by you for Lots exceeds that sum, the
draw this to the attention of the Auctioneer before the next or by notices at the Sale venue and/or by oral announcements balance must be paid by other means.
Lot is offered for Sale. The decision of the Auctioneer is before and during the Sale. You should be alert to this possibility
considered final and conclusive. of changes and ask if there have been any. China UnionPay (CUP) debit cards: There is no limit on
payment value if payment is made in person.
At the end of the Sale, or when you have finished bidding 7. BUYER’S PREMIUM AND OTHER CHARGES
please return your paddle to the Bidder registration desk. PAYABLE BY THE BUYER It maybe advisable to notify your card provider of your
Under the Buyer’s Agreement, a premium (the Buyer’s intended purchase in advance to reduce delays caused by us
Bidding by telephone Premium) is payable to us by the Buyer in accordance with the having to seek authority when you come to pay. If you have
If you wish to bid at the Sale by telephone, please complete terms of the Buyer’s Agreement and at rates set out below, any questions with regard to payment, please contact our
an Absentee and Telephone Bidding Form, which is available calculated by reference to the Hammer Price and payable in Customer Services Department.
from our offices or in the Catalogue. Please then return it to addition to it. Storage charges and Expenses are also payable
the office which is responsible for the Sale at least 24 hours by the Buyer as set out in the Buyer’s Agreement. 10. COLLECTION AND STORAGE
in advance of the Sale. It is your responsibility to check with The Buyer of a Lot will not be allowed to collect it until
our Bids Office that your bid has been received. Telephone For this Sale the following rates of Buyer’s Premium will be payment in full and in cleared funds has been made (unless
calls may be recorded. The telephone bidding facility is a payable by Buyers on each lot purchased: we have made a special arrangement with the Buyer). Details
discretionary service and may not be available in relation to all 25% up to HK$2,000,000 of the Hammer Price relating to the collection of a Lot, the storage of a Lot and our
Lots. We will not be responsible for bidding on your behalf if 20% from HK$2,000,001 to 30,000,000 of the Hammer Price Storage Contractor after the Sale are set out in the Buyer’s
you are unavailable at the time of the Sale or if the telephone 12.5% from HK$30,000,001 of the Hammer Price Agreement as set out in Appendix 2 of the Catalogue.
connection is interrupted during bidding. Please contact us
for further details. 8. TAX 11. SHIPPING
The Hammer Price and the Buyer’s Premium payable by Please refer enquiries on this to our customer services
Bidding by post or fax the Buyer is exclusive of any goods or service tax or other department dealing with the Sale.
Absentee and Telephone Bidding Forms can be found in the Tax (whether imposed by Hong Kong or otherwise). If any
back of this Catalogue and should be completed and sent such Tax was to be paid under Hong Kong laws or any other 12. EXPORT/TRADE RESTRICTIONS
to the office responsible for the Sale. It is in your interests laws, the Buyer shall be solely responsible to pay such Tax It is your sole responsibility to comply with all Hong Kong
to return your form as soon as possible, as if two or more and at the rate and time as required by the relevant law, or export and overseas import regulations relating to your
Bidders submit identical bids for a Lot, the first bid received if such Tax is to be paid by us, we may add such Tax to the purchases and also to obtain any relevant export and/or
takes preference. In any event, all bids should be received Purchase Price payable by the Buyer. import licence(s).
at least 24 hours before the start of the Sale. Please check
your Absentee and Telephone Bidding Form carefully before 9. PAYMENT The need for export and import licences varies from country
returning it to us, fully completed and signed by you. It is It is of critical importance that you ensure that you have to country and you should acquaint yourself with all relevant
your responsibility to check with our Bids Office that your bid readily available funds to pay the Purchase Price and the local requirements and provisions.
has been received. This additional service is complimentary Buyer’s Premium (plus Tax and any other charges and
and is confidential. Such bids are made at your own risk Expenses to us) in full before making a bid for the Lot. If you The refusal of any import or export licence(s) or any delay in
and we cannot accept liability for our failure to receive and/ are a successful Bidder, payment will be due to be made to obtaining such licence(s) shall not permit the rescission of any
or place any such bids. All bids made on your behalf will be us by 4.30 pm on the second working day after the Sale so Sale nor allow any delay in making full payment for the Lot.
made at the lowest level possible subject to Reserves and that all sums are cleared by the seventh working day after
other bids made for the Lot. Where appropriate your bids the Sale. Payment will have to be by one of the following 13. CITES REGULATIONS
will be rounded down to the nearest amount consistent with methods (all cheques should be made payable to Bonhams Buyers are advised to check the regulations applicable to
the Auctioneer’s bidding increments. New Bidders must also (Hong Kong) Limited). Bonhams reserves the right to vary Hong Kong exportation and overseas importation when
provide proof of identity when submitting bids. Failure to do the terms of payment at any time. Unless agreed by us exporting any goods from Hong Kong to the place of
this may result in your bid not being placed. advance payments made by anyone other than the registered importation. Buyers should also be aware that the export
buyer will not be accepted. from Hong Kong of any items made of or incorporating
Bidding via the internet ivory, whalebone, tortoiseshell, rhinoceros horn, coral and
Please visit our Website at http://www.bonhams.com for Bonhams’ preferred payment method is by other restricted materials is prohibited unless a CITES
details of how to bid via the internet. bank transfer export licence is obtained from the Agriculture, Fisheries
and Conservation Department of Hong Kong. A period of 8
Bidding through an agent Bank transfer: you may electronically transfer funds to weeks may be required for the purposes of obtaining such
Bids will be accepted as placed on behalf of the person our Client Account. If you do so, please quote your paddle export licence.
named as the principal on the Bidding Form although we may number and invoice number as the reference. Our Client
refuse to accept bids from an agent on behalf of a principal Account details are as follows: Please note that Lots marked in the catalogue with a Y
and may require written confirmation from the principal next to the lot number contain one or more of the aforesaid
confirming the agent’s authority to bid. Nevertheless, as the Bank : HSBC restricted materials. However, the omission of such letter Y
Bidding Form explains, any person placing a bid as agent Address : Head Office does not automatically mean that the Lot is not subject to
on behalf of another (whether or not he has disclosed that 1 Queen’s Road Central, Hong Kong CITES regulations. Buyers are advised to obtain information
fact or the identity of his principal) will be jointly and severally Account Name: Bonhams (Hong Kong) Limited. - from the relevant regulatory authorities regarding export and
liable with the principal to the Seller and to Bonhams under Client A/C import restrictions, requirements and costs prior to bidding.
any contract resulting from the acceptance of a bid. Account Number: 808 870 174001
SWIFT Code: HSBCHKHHHKH 14. THE SELLERS AND/OR BONHAMS’ LIABILITY
Subject to the above, please let us know if you are acting on Other than any liability of the Seller to the Buyer of a Lot
behalf of another person when bidding for Lots at the Sale. If paying by bank transfer, the amount received after the under the Contract for Sale, neither we nor the Seller are
Equally, please let us know if you intend to nominate another deduction of any bank fees and/or conversion of the currency liable (whether in negligence or otherwise) for any error
person to bid on your behalf at the Sale unless this is to be of payment to Hong Kong dollars must not be less than or misdescription or omission in any Description of a Lot
carried out by us pursuant to an Absentee and Telephone the Hong Kong dollars amount payable, as set out on the or any Estimate in respect of it, whether contained in the
Bidding Form that you have completed. If we do not approve invoice. Catalogue or otherwise, whether given orally or in writing
the agency arrangements in writing before the Sale, we are and whether given before or during the Sale. Neither we
entitled to assume that the person bidding at the Sale is Hong Kong dollar personal cheque drawn on a Hong nor the Seller will be liable for any loss of Business, profits,
bidding on his own behalf. Accordingly, the person bidding at Kong branch of a bank : all cheques must be cleared revenue or income, or for loss of reputation, or for disruption
the Sale will be the Buyer and will be liable to pay the Hammer before you can collect your purchases; to Business or wasted time on the part of management or
Price and Buyer’s Premium and associated charges. If we staff, or for indirect losses or consequential damages of any
approve the identity of your client in advance, we will be in a Bankers draft cheque: if you can provide suitable proof kind, irrespective in any case of the nature, volume or source
position to address the invoice to your principal rather than of identity and we are satisfied as to the genuineness of the of the loss or damage alleged to be suffered, and irrespective
you. We will require proof of the agent’s client’s identity and draft or cheque, and that the funds have originated from your of whether the said loss or damage is caused by or claimed
residence in advance of any bids made by the agent on his own account, we will allow you to collect your purchases in respect of any negligence, other tort, breach of contract (if
behalf. Please refer to our Conditions of Business and contact immediately; any) or statutory duty, restitutionary claim or otherwise.
our Customer Services Department for further details.
Cash: you may pay for Lots purchased by you at this Sale In any circumstances where we and/or the Seller are liable
6. CONTRACTS BETWEEN THE BUYER AND SELLER with notes or coins in the currency in which the Sale is in relation to any Lot or any Description or Estimate made
AND THE BUYER AND BONHAMS conducted (but not any other currency) provided that the total of any Lot, or the conduct of any Sale in relation to any Lot,
On the Lot being knocked down to the Buyer, a Contract amount payable by you in respect of all Lots purchased by whether in damages, for an indemnity or contribution, or for
for Sale of the Lot will be entered into between the Seller you at the Sale does not exceed HK$80,000. If the amount a restitutionary remedy or otherwise, our and/or the Seller’s
and the Buyer on the terms of the Contract for Sale set out payable by you for Lots exceeds that sum, the balance must liability (combined, if both we and the Seller are liable) will be
in Appendix 1 at the back of the Catalogue save for those be paid otherwise than in coins or notes; limited to payment of a sum which will not exceed by way
varied by announcement given out orally before and/or during of maximum the amount of the Purchase Price of the Lot
THE PRESENCER COLLECTION OF BUDDHIST ART | 133
HK/NTB/MAIN/5.2018
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