Page 156 - September 11 2018 Junkunc Collection Sculpture

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

154 JUNKUNC: CHINESE BUDDHIST SCULPTURE