Page 130 - Jie Rui Tang Kangxi porcelain mar 2018

6.#Bidding We reserve the right to reject cleared funds. The purchaser’s obligation the unpaid lot or lots, to the de! ciency
CONDITIONS OF SALE any bid. The highest bidder acknowledged to immediately pay the full purchase price and any other amounts due to us or
by the auctioneer will be the purchaser. The or such part as we may require is absolute any a" liated companies. In addition, a
The following Conditions of Sale and Terms auctioneer has absolute and sole discretion and unconditional and is not subject to any defaulting purchaser will be deemed to
of Guarantee are Sotheby’s, Inc. and the in the case of error or dispute with respect defenses, seto$ s or counterclaims of any have granted and assigned to us and our
Consignor’s entire agreement with the to bidding, and whether during or after the kind whatsoever. Sotheby’s is not obligated a" liated companies, a continuing security
purchaser and any bidders relative to the sale, to determine the successful bidder, to to release a lot to the purchaser until title to interest of ! rst priority in any property or
property listed in this catalogue. re-open the bidding, to cancel the sale or the lot has passed and any earlier release money of or owing to such purchaser in
The Conditions of Sale, Terms of to re-o$ er and re-sell the item in dispute. If does not a$ ect the passing of title or the our possession, custody or control or in
Guarantee, the glossary, if any, and all other any dispute arises after the sale, our sale purchaser’s unconditional obligation to pay the possession, custody or control of any
contents of this catalogue are subject to record is conclusive. In our discretion we the full purchase price. In addition to other of our a" liated companies, in each case
amendment by us by the posting of notices will execute order or absentee bids and remedies available to us by law, we reserve whether at the time of the auction, the
or by oral announcements made during accept telephone bids and online bids via the right to impose from the date of sale a default or if acquired at any time thereafter,
the sale. The property will be o" ered by BIDnow, eBay, Invaluable or other online late charge of the annual percentage rate and we may retain and apply such property
us as agent for the Consignor, unless the platforms as a convenience to clients who of Prime + 6% of the total purchase price or money as collateral security for the
catalogue indicates otherwise. are not present at auctions; Sotheby’s is if payment is not made in accordance with obligations due to us or to any a" liated
By partici pating in any sale, you not responsible for any errors or omissions the conditions set forth herein. Please note company of ours. We shall have all of the
acknowledge that you are bound by these in connection there with. Prospective Sotheby’s reserves the right to refuse to rights accorded a secured party under
terms and conditions. bidders should also consult sothebys.com accept payment from a source other than the New York Uniform Commercial Code.
for the most up to date cataloguing of the the buyer of record. You hereby agree that Sotheby’s may ! le
1.#As Is#Goods auctioned are often property in this catalogue. Unless otherwise agreed by Sotheby’s, ! nancing statements under the New York
of some age. The authenticity of the By participating in the sale, you represent all property must be removed from our Uniform Commercial Code without your
Authorship (as de! ned below) of property and warrant that any bids placed by you, premises by the purchaser at his expense signature. Payment will not be deemed
listed in the catalogue is guaranteed as or on your behalf, are not the product of not later than 30 calendar days following to have been made in full until we have
stated in the Terms of Guarantee and any collusive or other anti-competitive its sale. Purchasers are reminded that collected good funds. Any claims relating
except for the Limited Warranty contained agreement and are otherwise consistent Sotheby’s liability for loss of or damage to to any purchase, including any claims
therein, all property is sold “AS IS” without with federal and state antitrust law. sold property shall cease upon the earlier under the Conditions of Sale or Terms of
any representations or warranties by us In order to bid on “Premium Lots” you of (a) 30 calendar days after the date of the Guarantee, must be presented directly
or the Consignor as to merchantability, must complete the required Premium Lot auction and (b) our release of the property to Sotheby’s. In the event the purchaser
! tness for a particular purpose, the pre-registra tion application. Sotheby’s to the purchaser or the purchaser’s fails to pay any or all of the total purchase
correctness of the catalogue or other decision whether to accept any pre- designated agent. Upon the expiration price for any lot and Sotheby’s nonetheless
description of the physical condition, registration application shall be ! nal. You of such 30 calendar day period or upon elects to pay the Consignor any portion
size, quality, rarity, importance, medium, must arrange for Sotheby’s to receive such earlier release, as applicable: (i) the of the sale proceeds, the purchaser
frame, provenance, exhibitions, literature your pre-registration application at least purchaser bears full liability for any and all acknowledges that Sotheby’s shall have
or historical relevance of any property three working days before the sale. Please loss of or damage to the property; (ii) the all of the rights of the Consignor to pursue
and no statement anywhere, whether bear in mind that we are unable to obtain purchaser releases Sotheby’s, its a" liates, the purchaser for any amounts paid to the
oral or written, whether made in the ! nancial references over weekends or agents and warehouses from any and all Consignor, whether at law, in equity, or
catalogue, an advertisement, a bill of sale, public holidays. liability and claims for loss of or damage under these Conditions of Sale.
a salesroom posting or announcement, Sotheby’s may require such necessary to the property; and (iii) the purchaser
or elsewhere, shall be deemed such a ! nancial references, guarantees, deposits agrees to indemnify and hold Sotheby’s, its 10.#Reserve All lots in this catalogue are
warranty, representation or assumption and/or such other security, in its absolute a" liates, agents and warehouses harmless o$ ered subject to a reserve, which is the
of liability. We and the Consignor make no discretion, as security for your bid(s). from and against any and all liability for con! dential minimum hammer price at
representations and warranties, express loss of or damage to property and any which a lot will be sold. No reserve will
or implied, as to whether the purchaser 7.#Online Bids via BIDnow or other Online all claims related to loss of or damage to exceed the low presale estimate stated
acquires any copyrights, including but not Platforms: Sotheby’s may o$ er clients the property as of and from and after the in the catalogue, or as amended by oral
limited to, any reproduction rights in any the opportunity to bid online via BIDnow, time Sotheby’s liability for loss or damage or posted notices. We may implement
property. We and the Consignor are not eBay, Invaluable or other Online Platforms to the property ceases in accordance such reserve by opening the bidding on
responsible for errors and omissions in the for selected sales. By participating in a with this paragraph. If any applicable behalf of the Consignor and may bid up
catalogue, glossary, or any supplemental sale via any of these Online Platforms, you conditions herein are not complied with to the amount of the reserve, by placing
material. Sotheby’s will not be responsible acknowledge that you are bound by these by the purchaser, the purchaser will be in successive or consecutive bids for a lot,
or liable for damage to frames and glass Conditions of Sale as well as the Additional default and in addition to any and all other or bids in response to other bidders. In
coverings, regardless of the cause. Terms and Conditions for Live Online remedies available to us and the Consignor instances where we have an interest in the
Bidding (“Online Terms”). By participating by law, including, without limitation, the lot other than our commission, we may bid
2.#Inspection Prospective bidders should in a sale via any Online Platform, Bidders right to hold the purchaser liable for the up to the reserve to protect such interest.
inspect the property before bidding to accept the Online Terms, as well as the total purchase price, including all fees, In certain instances, the Consignor may
determine its condition, size, and whether relevant Conditions of Sale. Online bidding charges and expenses more fully set forth pay us less than the standard commission
or not it has been repaired or restored. may not be available for Premium Lots. herein, we, at our option, may (x) cancel rate where a lot is “bought-in” to protect
the sale of that, or any other lot or lots its reserve.
3.#Buyer’s Premium A buyer’s premium 8.#Bids Below Reserve If the auctioneer sold to the defaulting purchaser at the
will be added to the hammer price and is deter mines that any opening bid is below same or any other auction, retaining as 11.#Tax Unless exempted by law, the
payable by the purchaser as part of the the reserve of the article o$ ered, he may liquidated damages all payments made by purchaser will be required to pay the
total purchase price. The buyer’s premium reject the same and withdraw the article the purchaser, or (y) resell the purchased combined New York State and local sales
is 25% of the hammer price up to and from sale, and if, having acknowledged property, whether at public auction or by tax, any applicable compensating use tax
including $300,000, 20% of any amount an opening bid, he deter mines that any private sale, or (z) e$ ect any combination of another state, and if applicable, any
in excess of $300,000 up to and including advance thereafter is insu" cient, he may thereof. In any case, the purchaser will federal luxury or other tax, on the total
$3,000,000, and 12.9% of any amount in reject the advance. be liable for any de! ciency, any and all purchase price. The rate of such combined
excess of $3,000,000. costs, handling charges, late charges, tax is 8.875% in New York City and ranges
9.#Purchaser’s Responsibility Subject expenses of both sales, our com missions from 7% to 8.625% elsewhere in New York.
4.#Withdrawal We reserve the right to to ful! ll ment of all of the conditions set on both sales at our regular rates, legal
withdraw any property before the sale and forth herein, on the fall of the auctioneer’s fees and expenses, collection fees and 12.#Export and Permits It is the
shall have no liability whatsoever for such hammer, the contract between the incidental damages. We may, in our sole purchaser’s sole responsibility to identify
withdrawal. consignor and the purchaser is concluded, discretion, apply any proceeds of sale and obtain any necessary export,
and the winning bidder thereupon will then due or thereafter becoming due to import, ! rearm, endangered species or
5.#Per Lot Unless otherwise announced immediately pay the full purchase price the purchaser from us or any a" liated other permit for the lot. Any symbols
by the auctioneer, all bids are per lot as or such part as we may require. Title in a company, or any payment made by the or notices in the sale catalogue re& ect
numbered in the catalogue. purchased lot will not pass until Sotheby’s purchaser to us or any a" liated company, Sotheby’s reasonable opinion at the
has received the full purchase price in whether or not intended to reduce the time of cataloguing and are for bidders’
purchaser’s obligations with respect to

128 SOTHEBY’S