Page 177 - September 21 2021 Important Japanese Art Christie's NYC

Terms and Conditions CONDITIONS OF SALE • BUYING AT CHRISTIE’S

CONDITIONS OF SALE 6 WITHDRAWAL (b) We may also ask you to give us a financial on a lot for identical amounts, and at the auction 8 SUCCESSFUL BIDS (b) has the right to transfer ownership of the lot to
These Conditions of Sale and the Important Notices Christie’s may, at its option, withdraw any lot from reference and/or a deposit as a condition of these are the highest bids on the lot, we will Unless the auctioneer decides to use his or her the buyer without any restrictions or claims by
and Explanation of Cataloguing Practice set out auction at any time prior to or during the sale of the allowing you to bid. For help, please contact sell the lot to the bidder whose written bid we discretion as set out in paragraph C3 above, anyone else.
the terms on which we offer the lots listed in this lot. Christie’s has no liability to you for any decision our Client Services Department at +1 212-636- received first. when the auctioneer’s hammer strikes, we have If either of the above warranties are incorrect, the
catalogue for sale. By registering to bid and/or by to withdraw. 2000. accepted the last bid. This means a contract for seller shall not have to pay more than the purchase
bidding at auction you agree to these terms, so you C CONDUCTING THE SALE sale has been formed between the seller and the price (as defined in paragraph F1(a) below) paid
should read them carefully before doing so. You will 7 JEWELLERY 2 RETURNING BIDDERS 1 WHO CAN ENTER THE AUCTION successful bidder. We will issue an invoice only to by you to us. The seller will not be responsible to
find a glossary at the end explaining the meaning of (a) Coloured gemstones (such as rubies, sapphires As described in paragraph B(1) above, we may at our We may, at our option, refuse admission to our the registered bidder who made the successful bid. you for any reason for loss of profits or business,
the words and expressions coloured in bold. and emeralds) may have been treated to improve option ask you for current identification, a financial premises or decline to permit participation in any While we send out invoices by mail and/or email expected savings, loss of opportunity or interest,
their look, through methods such as heating reference, or a deposit as a condition of allowing auction or to reject any bid. after the auction, we do not accept responsibility for costs, damages, other damages or expenses. The
Unless we own a lot in whole or in part (Δ symbol), and oiling. These methods are accepted by the you to bid. If you have not bought anything from any telling you whether or not your bid was successful. seller gives no warranty in relation to any lot other
Christie’s acts as agent for the seller. international jewellery trade but may make the of our salerooms within the last two years or if you 2 RESERVES If you have bid by written bid, you should contact us than as set out above and, as far as the seller is
gemstone less strong and/or require special want to spend more than on previous occasions, Unless otherwise indicated, all lots are subject to a by telephone or in person as soon as possible after allowed by law, all warranties from the seller to you,
A BEFORE THE SALE care over time. please contact our Client Services Department at reserve. We identify lots that are offered without the auction to get details of the outcome of your bid and all other obligations upon the seller which may
1 DESCRIPTION OF LOTS (b) All types of gemstones may have been +1 212-636-2000. reserve with the symbol • next to the lot number. The to avoid having to pay unnecessary storage charges. be added to this agreement by law, are excluded.
(a) Certain words used in the catalogue description improved by some method. You may request a reserve cannot be more than the lot’s low estimate.
have special meanings. You can find details of gemmological report for any item which does 3 IF YOU FAIL TO PROVIDE THE 9 LOCAL BIDDING LAWS 2 OUR AUTHENTICITY WARRANTY
these on the page headed “Important Notices not have a report if the request is made to us at RIGHT DOCUMENTS 3 AUCTIONEER’S DISCRETION You agree that when bidding in any of our sales We warrant, subject to the terms below, that the
and Explanation of Cataloguing Practice” which least three weeks before the date of the auction If in our opinion you do not satisfy our bidder The auctioneer can at his or her sole option: that you will strictly comply with all local laws and lots in our sales are authentic (our “authenticity
forms part of these terms. You can find a key and you pay the fee for the report. identification and registration procedures including, (a) refuse any bid; regulations in force at the time of the sale for the warranty”). If, within 5 years of the date of the
to the Symbols found next to certain catalogue (c) We do not obtain a gemmological report for but not limited to completing any anti-money (b) move the bidding backwards or forwards in any relevant sale site. auction, you give notice to us that your lot is
entries under the section of the catalogue called every gemstone sold in our auctions. Where we laundering and/or anti-terrorism financing checks way he or she may decide, or change the order of not authentic, subject to the terms below, we
“Symbols Used in this Catalogue”. do get gemmological reports from internationally we may require to our satisfaction, we may refuse to the lots; D THE BUYER’S PREMIUM AND TAXES will refund the purchase price paid by you. The
(b) Our description of any lot in the catalogue, any accepted gemmological laboratories, such register you to bid, and if you make a successful bid, (c) withdraw any lot; 1 THE BUYER’S PREMIUM meaning of authentic can be found in the glossary
condition report and any other statement made reports will be described in the catalogue. we may cancel the contract for sale between you (d) divide any lot or combine any two or more lots; In addition to the hammer price, the successful at the end of these Conditions of Sale. The terms of
by us (whether orally or in writing) about any lot, Reports from American gemmological and the seller. (e) reopen or continue the bidding even after the bidder agrees to pay us a buyer’s premium on the the authenticity warranty are as follows:
including about its nature or condition, artist, laboratories will describe any improvement hammer has fallen; and hammer price of each lot sold. On all lots we charge (a) It will be honored for claims notified within a
period, materials, approximate dimensions, or treatment to the gemstone. Reports from 4 BIDDING ON BEHALF OF (f) in the case of error or dispute related to bidding 25% of the hammer price up to and including period of 5 years from the date of the auction.
or provenance are our opinion and not to be European gemmological laboratories will ANOTHER PERSON and whether during or after the auction, continue US$600,000, 20% on that part of the hammer After such time, we will not be obligated to honor
relied upon as a statement of fact. We do not describe any improvement or treatment only If you are bidding on behalf of another person, the bidding, determine the successful bidder, price over US$600,000 and up to and including the authenticity warranty.
carry out in-depth research of the sort carried if we request that they do so, but will confirm that person will need to complete the registration cancel the sale of the lot, or reoffer and resell US$6,000,000, and 14.5% of that part of the (b) It is given only for information shown in
out by professional historians and scholars. All when no improvement or treatment has been requirements above before you can bid, and supply any lot. If you believe that the auctioneer has hammer price above US$6,000,000. UPPERCASE type in the first line of the
dimensions and weights are approximate only. made. Because of differences in approach and a signed letter authorising you to bid for him/ accepted the successful bid in error, you must catalogue description (the “Heading”). It does
technology, laboratories may not agree whether her. A bidder accepts personal liability to pay the provide a written notice detailing your claim 2 TAXES not apply to any information other than in the
2 OUR RESPONSIBILITY FOR OUR a particular gemstone has been treated, the purchase price and all other sums due unless it within 3 business days of the date of the auction. The successful bidder is responsible for any Heading even if shown in UPPERCASE type.
DESCRIPTION OF LOTS amount of treatment, or whether treatment is has been agreed in writing with Christie’s, before The auctioneer will consider such claim in good applicable taxes including any sales or use tax or (c) The authenticity warranty does not apply
We do not provide any guarantee in relation to the permanent. The gemmological laboratories will commencement of the auction, that the bidder is faith. If the auctioneer, in the exercise of his or equivalent tax wherever such taxes may arise on the to any Heading or part of a Heading which
nature of a lot apart from our authenticity warranty only report on the improvements or treatments acting as an agent on behalf of a named third party her discretion under this paragraph, decides hammer price, the buyer’s premium, and/or any is qualified. Qualified means limited by a
contained in paragraph E2 and to the extent known to the laboratories at the date of the acceptable to Christie’s and that Christie’s will only after the auction is complete, to cancel the sale other charges related to the lot. clarification in a lot’s catalogue description
provided in paragraph I below. report. seek payment from the named third party. of a lot, or reoffer and resell a lot, he or she will For lots Christie’s ships to or within the United or by the use in a Heading of one of the terms
(d) For jewellery sales, estimates are based on the notify the successful bidder no later than by the States, a sales or use tax may be due on the listed in the section titled Qualified Headings
3 CONDITION information in any gemmological report. If no 5 BIDDING IN PERSON end of the 7th calendar day following the date hammer price, buyer’s premium, and/or any on the page of the catalogue headed “Important
(a) The condition of lots sold in our auctions can report is available, assume that the gemstones If you wish to bid in the saleroom you must register of the auction. The auctioneer’s decision in other charges related to the lot, regardless of the Notices and Explanation of Cataloguing
vary widely due to factors such as age, previous may have been treated or enhanced. for a numbered bidding paddle at least 30 minutes exercise of this discretion is final. This paragraph nationality or citizenship of the successful bidder. Practice”. For example, use of the term
damage, restoration, repair and wear and before the auction. You may register online at www. does not in any way prejudice Christie’s ability Christie’s will collect sales tax where legally “ATTRIBUTED TO…” in a Heading means that
tear. Their nature means that they will rarely 8 WATCHES & CLOCKS christies.com or in person. For help, please contact to cancel the sale of a lot under any other required. The applicable sales tax rate will be the lot is in Christie’s opinion probably a work
be in perfect condition. Lots are sold “as is,” (a) Almost all clocks and watches are repaired the Client Service Department on +1 212-636-2000. applicable provision of these Conditions of Sale, determined based upon the state, county, or locale by the named artist but no warranty is provided
in the condition they are in at the time of the in their lifetime and may include parts which including the rights of cancellation set forth in to which the lot will be shipped. Christie’s shall that the lot is the work of the named artist.
sale, without any representation or warranty are not original. We do not give a warranty 6 BIDDING SERVICES sections B(3), E(2)(i), F(4), and J(1). collect New York sales tax at a rate of 8.875% for Please read the full list of Qualified Headings
or assumption of liability of any kind as to that any individual component part of any The bidding services described below are a free any lot collected from Christie’s in New York. and a lot’s full catalogue description before
condition by Christie’s or by the seller. watch is authentic. Watchbands described as service offered as a convenience to our clients and 4 BIDDING In accordance with New York law, if Christie’s bidding.
(b) Any reference to condition in a catalogue entry “associated” are not part of the original watch Christie’s is not responsible for any error (human The auctioneer accepts bids from: arranges the shipment of a lot out of New York (d) The authenticity warranty applies to the
or in a condition report will not amount to a full and may not be authentic. Clocks may be sold or otherwise), omission, or breakdown in providing (a) bidders in the saleroom; State, New York sales tax does not apply, although Heading as amended by any Saleroom Notice.
description of condition, and images may not without pendulums, weights or keys. these services. (b) telephone bidders; sales tax or other applicable taxes for other (e) The authenticity warranty does not apply where
show a lot clearly. Colours and shades may look (b) As collectors’ watches often have very fine and (a) Phone Bids (c) internet bidders through ‘Christie’s LIVE™ (as states may apply. If you hire a shipper (other than scholarship has developed since the auction
different in print or on screen to how they look complex mechanisms, you are responsible Your request for this service must be made no shown above in paragraph B6); and a common carrier authorized by Christie’s), to leading to a change in generally accepted
on physical inspection. Condition reports may for any general service, change of battery, or later than 24 hours prior to the auction. We will (d) written bids (also known as absentee bids or collect the lot from a Christie’s New York location, opinion. Further, it does not apply if the Heading
be available to help you evaluate the condition further repair work that may be necessary. We accept bids by telephone for lots only if our commission bids) left with us by a bidder before Christie’s must collect New York sales tax on the either matched the generally accepted opinion
of a lot. Condition reports are provided free do not give a warranty that any watch is in good staff are available to take the bids. If you need the auction. lot at a rate of 8.875% regardless of the ultimate of experts at the date of the auction or drew
of charge as a convenience to our buyers and working order. Certificates are not available to bid in a language other than in English, you destination of the lot. attention to any conflict of opinion.
are for guidance only. They offer our opinion unless described in the catalogue. must arrange this well before the auction. We 5 BIDDING ON BEHALF OF THE SELLER If Christie’s delivers the lot to, or the lot is collected (f) The authenticity warranty does not apply if
but they may not refer to all faults, inherent (c) Most wristwatches have been opened to find may record telephone bids. By bidding on the The auctioneer may, at his or her sole option, bid by, any framer, restorer or other similar service the lot can only be shown not to be authentic
defects, restoration, alteration or adaptation out the type and quality of movement. For that telephone, you are agreeing to us recording on behalf of the seller up to but not including the provider in New York that you have hired, New York by a scientific process which, on the date we
because our staff are not professional restorers reason, wristwatches with water resistant cases your conversations. You also agree that your amount of the reserve either by making consecutive law considers the lot delivered to the successful published the catalogue, was not available
or conservators. For that reason condition may not be waterproof and we recommend you telephone bids are governed by these Conditions bids or by making bids in response to other bidders. bidder in New York and New York sales tax must or generally accepted for use, or which was
reports are not an alternative to examining a have them checked by a competent watchmaker of Sale. The auctioneer will not identify these as bids made be imposed regardless of the ultimate destination unreasonably expensive or impractical, or which
lot in person or seeking your own professional before use. Important information about the (b) Internet Bids on Christie’s LIVE™ on behalf of the seller and will not make any bid on of the lot. In this circumstance, New York sales tax was likely to have damaged the lot.
advice. It is your responsibility to ensure that you sale, transport and shipping of watches and For certain auctions we will accept bids over behalf of the seller at or above the reserve. If lots will apply to the lot even if Christie’s or a common (g) The benefit of the authenticity warranty is only
have requested, received and considered any watchbands can be found in paragraph H2(f). the Internet. For more information, please are offered without reserve, the auctioneer will carrier (authorized by Christie’s that you hire) available to the original buyer shown on the
condition report. visit https://www.christies.com/buying- generally decide to open the bidding at 50% of the subsequently delivers the lot outside New York. invoice for the lot issued at the time of the sale
B REGISTERING TO BID services/buying-guide/register-and-bid/ low estimate for the lot. If no bid is made at that Successful bidders claiming an exemption from and only if on the date of the notice of claim, the
4 VIEWING LOTS PRE-AUCTION 1 NEW BIDDERS As well as these Conditions of Sale, internet level, the auctioneer may decide to go backwards sales tax must provide appropriate documentation original buyer is the full owner of the lot and the
(a) If you are planning to bid on a lot, you should (a) If this is your first time bidding at Christie’s or bids are governed by the Christie’s LIVE™ at his or her sole option until a bid is made, and then to Christie’s prior to the release of the lot or within lot is free from any claim, interest or restriction
by anyone else. The benefit of this authenticity
inspect it personally or through a knowledgeable you are a returning bidder who has not bought Terms of Use which are available on is continue up from that amount. In the event that 90 days after the sale, whichever is earlier. For
representative before you make a bid to make anything from any of our salerooms within the https://www.christies.com/LiveBidding/ there are no bids on a lot, the auctioneer may deem shipments to those states for which Christie’s is warranty may not be transferred to anyone else.
sure that you accept the description and its last two years you must register at least 48 hours OnlineTermsOfUse.aspx. such lot unsold. not required to collect sales tax, a successful bidder (h) In order to claim under the authenticity
condition. We recommend you get your own before an auction begins to give us enough (c) Written Bids may have a use or similar tax obligation. It is the warranty you must:
(i) give us written notice of your claim within
advice from a restorer or other professional time to process and approve your registration. You can find a Written Bid Form at the back of 6 BID INCREMENTS successful bidder’s responsibility to pay all taxes
adviser. We may, at our option, decline to permit you to our catalogues, at any Christie’s office, or by Bidding generally starts below the low estimate due. Christie’s recommends you consult your own 5 years of the date of the auction. We may
(b) Pre-auction viewings are open to the public free register as a bidder. You will be asked for the choosing the sale and viewing the lots online and increases in steps (bid increments). The independent tax advisor with any questions. require full details and supporting evidence of
any such claim;
of charge. Our specialists may be available to following: at www.christies.com. We must receive your auctioneer will decide at his or her sole option (ii) at Christie’s option, we may require you
answer questions at pre-auction viewings or by (i) for individuals: Photo identification (driver’s completed Written Bid Form at least 24 hours where the bidding should start and the bid E WARRANTIES
appointment. licence, national identity card, or passport) before the auction. Bids must be placed in the increments. The usual bid increments are shown for 1 SELLER’S WARRANTIES to provide the written opinions of two
and, if not shown on the ID document, proof of currency of the saleroom. The auctioneer will guidance only on the Written Bid Form at the back For each lot, the seller gives a warranty that the recognised experts in the field of the lot
5 ESTIMATES your current address (for example, a current take reasonable steps to carry out written bids of this catalogue. seller: mutually agreed by you and us in advance
confirming that the lot is not authentic. If
Estimates are based on the condition, rarity, quality utility bill or bank statement); at the lowest possible price, taking into account (a) is the owner of the lot or a joint owner of the we have any doubts, we reserve the right to
and provenance of the lots and on prices recently (ii) for corporate clients: Your Certificate of the reserve. If you make a written bid on a lot 7 CURRENCY CONVERTER lot acting with the permission of the other obtain additional opinions at our expense; and
paid at auction for similar property. Estimates can Incorporation or equivalent document(s) which does not have a reserve and there is no The saleroom video screens (and Christies LIVE™) co-owners or, if the seller is not the owner or a (iii) return the lot at your expense to the saleroom
change. Neither you, nor anyone else, may rely on showing your name and registered address higher bid than yours, we will bid on your behalf may show bids in some other major currencies as joint owner of the lot, has the permission of the from which you bought it in the condition it
any estimates as a prediction or guarantee of the together with documentary proof of directors at around 50% of the low estimate or, if lower, well as US dollars. Any conversion is for guidance owner to sell the lot, or the right to do so in law; was in at the time of sale.
actual selling price of a lot or its value for any other and beneficial owners; and the amount of your bid. If we receive written bids only and we cannot be bound by any rate of and
purpose. Estimates do not include the buyer’s (iii) for trusts, partnerships, offshore companies exchange used. Christie’s is not responsible for any
premium or any applicable taxes. and other business structures, please contact error (human or otherwise), omission or breakdown
us in advance to discuss our requirements. in providing these services.