Page 149 - Song Ceramics Lunyushanren Collection March 2018 NYC

CONDITIONS OF SALE • BUYING AT CHRISTIE’S
CONDITIONS OF SALE 7 JEWELLERY bid. If you have not bought anything from any of our 3 AUCTIONEER’S DISCRETION
These Conditions of Sale and the Important Notices and (a) Coloured gemstones (such as rubies, sapphires and salerooms within the last two years or if you want to The auctioneer can at his or her sole option:
Explanation of Cataloguing Practice set out the terms on emeralds) may have been treated to improve their spend more than on previous occasions, please contact (a) refuse any bid;
which we offer the lots listed in this catalogue for sale. look, through methods such as heating and oiling. our Credit Department at +1 212-636-2490. (b) move the bidding backwards or forwards in any way
By registering to bid and/or by bidding at auction you These methods are accepted by the international he or she may decide, or change the order of the lots;
agree to these terms, so you should read them carefully jewellery trade but may make the gemstone less 3 IF YOU FAIL TO PROVIDE THE (c) withdraw any lot;
before doing so. You will find a glossary at the end strong and/or require special care over time. RIGHT DOCUMENTS (d) divide any lot or combine any two or more lots;
explaining the meaning of the words and expressions (b) All types of gemstones may have been improved If in our opinion you do not satisfy our bidder (e) reopen or continue the bidding even after the
coloured in bold. by some method. You may request a gemmological identification and registration procedures including, but hammer has fallen; and
report for any item which does not have a report if not limited to completing any anti-money laundering (f) in the case of error or dispute and whether during or
Unless we own a lot in whole or in part (Δ symbol), the request is made to us at least three weeks before and/or anti-terrorism financing checks we may require after the auction, to continue the bidding, determine
Christie’s acts as agent for the seller. the date of the auction and you pay the fee for to our satisfaction, we may refuse to register you to bid, the successful bidder, cancel the sale of the lot, or
the report. and if you make a successful bid, we may cancel the reoffer and resell any lot. If any dispute relating
A BEFORE THE SALE (c) We do not obtain a gemmological report for contract for sale between you and the seller. to bidding arises during or after the auction, the
1 DESCRIPTION OF LOTS every gemstone sold in our auctions. Where we auctioneer’s decision in exercise of this option
(a) Certain words used in the catalogue description have do get gemmological reports from internationally 4 BIDDING ON BEHALF OF is final.
special meanings. You can find details of these on the accepted gemmological laboratories, such reports ANOTHER PERSON
page headed “Important Notices and Explanation will be described in the catalogue. Reports from If you are bidding on behalf of another person, 4 BIDDING
of Cataloguing Practice” which forms part of these American gemmological laboratories will describe that person will need to complete the registration The auctioneer accepts bids from:
terms. You can find a key to the Symbols found next any improvement or treatment to the gemstone. requirements above before you can bid, and supply (a) bidders in the saleroom;
to certain catalogue entries under the section of the Reports from European gemmological laboratories a signed letter authorising you to bid for him/her. A (b) telephone bidders;
catalogue called “Symbols Used in this Catalogue”. will describe any improvement or treatment only bidder accepts personal liability to pay the purchase (c) internet bidders through ‘Christie’s LIVE™ (as
(b) Our description of any lot in the catalogue, any if we request that they do so, but will confirm price and all other sums due unless it has been agreed in shown above in paragraph B6); and
condition report and any other statement made when no improvement or treatment has been writing with Christie’s, before commencement of the (d) written bids (also known as absentee bids or
by us (whether orally or in writing) about any lot, made. Because of differences in approach and auction, that the bidder is acting as an agent on behalf commission bids) left with us by a bidder before
including about its nature or condition, artist, technology, laboratories may not agree whether a of a named third party acceptable to Christie’s and that the auction.
period, materials, approximate dimensions, or particular gemstone has been treated, the amount Christie’s will only seek payment from the named
provenance are our opinion and not to be relied of treatment, or whether treatment is permanent. third party. 5 BIDDING ON BEHALF OF THE SELLER
upon as a statement of fact. We do not carry The gemmological laboratories will only report The auctioneer may, at his or her sole option, bid on
out in-depth research of the sort carried out by on the improvements or treatments known to the 5 BIDDING IN PERSON behalf of the seller up to but not including the amount
professional historians and scholars. All dimensions laboratories at the date of the report. If you wish to bid in the saleroom you must register for a of the reserve either by making consecutive bids or
and weights are approximate only. (d) For jewellery sales, estimates are based on the numbered bidding paddle at least 30 minutes before the by making bids in response to other bidders. The
information in any gemmological report. If no report auction. You may register online at www.christies.com auctioneer will not identify these as bids made on behalf
2 OUR RESPONSIBILITY FOR OUR is available, assume that the gemstones may have been or in person. For help, please contact the Credit of the seller and will not make any bid on behalf of the
DESCRIPTION OF LOTS treated or enhanced. Department on +1 212-636-2490. seller at or above the reserve. If lots are offered without
We do not provide any guarantee in relation to the reserve, the auctioneer will generally decide to open the
nature of a lot apart from our authenticity warranty 8 WATCHES & CLOCKS 6 BIDDING SERVICES bidding at 50% of the low estimate for the lot. If no bid
contained in paragraph E2 and to the extent provided in (a) Almost all clocks and watches are repaired in The bidding services described below are a free service is made at that level, the auctioneer may decide to go
paragraph I below. their lifetime and may include parts which are offered as a convenience to our clients and Christie’s backwards at his or her sole option until a bid is made,
not original. We do not give a warranty that any is not responsible for any error (human or otherwise), and then continue up from that amount. In the event
3 CONDITION individual component part of any watch is authentic. omission, or breakdown in providing these services. that there are no bids on a lot, the auctioneer may deem
(a) The condition of lots sold in our auctions can vary Watchbands described as “associated” are not part of (a) Phone Bids such lot unsold.
widely due to factors such as age, previous damage, the original watch and may not be authentic. Clocks Your request for this service must be made no
restoration, repair and wear and tear. Their nature may be sold without pendulums, weights or keys. later than 24 hours prior to the auction. We will 6 BID INCREMENTS
means that they will rarely be in perfect condition. (b) As collectors’ watches often have very fine and accept bids by telephone for lots only if our staff Bidding generally starts below the low estimate and
Lots are sold “as is,” in the condition they are in at complex mechanisms, you are responsible for any are available to take the bids. If you need to bid in a increases in steps (bid increments). The auctioneer will
the time of the sale, without any representation or general service, change of battery, or further repair language other than in English, you must arrange this decide at his or her sole option where the bidding should
warranty or assumption of liability of any kind as to work that may be necessary. We do not give a well before the auction. We may record telephone start and the bid increments. The usual bid increments
condition by Christie’s or by the seller. warranty that any watch is in good working order. bids. By bidding on the telephone, you are agreeing are shown for guidance only on the Written Bid Form at
(b) Any reference to condition in a catalogue entry Certificates are not available unless described in the to us recording your conversations. You also agree the back of this catalogue.
or in a condition report will not amount to a full catalogue. that your telephone bids are governed by these
description of condition, and images may not show (c) Most wristwatches have been opened to find out Conditions of Sale. 7 CURRENCY CONVERTER
a lot clearly. Colours and shades may look different the type and quality of movement. For that reason, (b) Internet Bids on Christie’s LIVE™ The saleroom video screens (and Christies LIVE™) may
in print or on screen to how they look on physical wristwatches with water resistant cases may not be For certain auctions we will accept bids over show bids in some other major currencies as well as US
inspection. Condition reports may be available to waterproof and we recommend you have them the Internet. Please visit www.christies.com/ dollars. Any conversion is for guidance only and we
help you evaluate the condition of a lot. Condition checked by a competent watchmaker before use. livebidding and click on the ‘Bid Live’ icon to see cannot be bound by any rate of exchange used. Christie’s
reports are provided free of charge as a convenience Important information about the sale, transport and details of how to watch, hear and bid at the auction is not responsible for any error (human or otherwise),
to our buyers and are for guidance only. They offer shipping of watches and watchbands can be found in from your computer. In addition to these Conditions omission or breakdown in providing these services.
our opinion but they may not refer to all faults, paragraph H2(f). of Sale, internet bids are governed by the Christie’s
inherent defects, restoration, alteration or adaptation LIVE™ terms of use which are available on 8 SUCCESSFUL BIDS
because our staff are not professional restorers or B REGISTERING TO BID www.christies.com. Unless the auctioneer decides to use his or her discretion
conservators. For that reason condition reports 1 NEW BIDDERS (c) Written Bids as set out in paragraph C3 above, when the auctioneer’s
are not an alternative to examining a lot in person (a) If this is your first time bidding at Christie’s or you You can find a Written Bid Form at the back of our hammer strikes, we have accepted the last bid. This
or seeking your own professional advice. It is your are a returning bidder who has not bought anything catalogues, at any Christie’s office, or by choosing the means a contract for sale has been formed between the
responsibility to ensure that you have requested, from any of our salerooms within the last two years sale and viewing the lots online at www.christies. seller and the successful bidder. We will issue an invoice
received and considered any condition report. you must register at least 48 hours before an auction com. We must receive your completed Written only to the registered bidder who made the successful
begins to give us enough time to process and approve Bid Form at least 24 hours before the auction. Bids bid. While we send out invoices by mail and/or email
4 VIEWING LOTS PRE-AUCTION your registration. We may, at our option, decline to must be placed in the currency of the saleroom. The after the auction, we do not accept responsibility for
(a) If you are planning to bid on a lot, you should permit you to register as a bidder. You will be asked auctioneer will take reasonable steps to carry out telling you whether or not your bid was successful. If
inspect it personally or through a knowledgeable for the following: written bids at the lowest possible price, taking into you have bid by written bid, you should contact us
representative before you make a bid to make sure (i) for individuals: Photo identification (driver’s account the reserve. If you make a written bid on by telephone or in person as soon as possible after the
that you accept the description and its condition. We licence, national identity card, or passport) and, a lot which does not have a reserve and there is no auction to get details of the outcome of your bid to
recommend you get your own advice from a restorer if not shown on the ID document, proof of your higher bid than yours, we will bid on your behalf avoid having to pay unnecessary storage charges.
or other professional adviser. current address (for example, a current utility bill at around 50% of the low estimate or, if lower, the
(b) Pre-auction viewings are open to the public free of or bank statement); amount of your bid. If we receive written bids on a 9 LOCAL BIDDING LAWS
charge. Our specialists may be available to answer (ii) for corporate clients: Your Certificate of lot for identical amounts, and at the auction these are You agree that when bidding in any of our sales that you
questions at pre-auction viewings or by appointment. Incorporation or equivalent document(s) showing the highest bids on the lot, we will sell the lot to the will strictly comply with all local laws and regulations in
your name and registered address together with bidder whose written bid we received first. force at the time of the sale for the relevant sale site.
5 ESTIMATES documentary proof of directors and beneficial
Estimates are based on the condition, rarity, quality owners; and C AT THE SALE D THE BUYER’S PREMIUM AND TAXES
and provenance of the lots and on prices recently paid (iii) for trusts, partnerships, offshore companies and 1 WHO CAN ENTER THE AUCTION 1 THE BUYER’S PREMIUM
at auction for similar property. Estimates can change. other business structures, please contact us in We may, at our option, refuse admission to our premises In addition to the hammer price, the successful bidder
Neither you, nor anyone else, may rely on any estimates advance to discuss our requirements. or decline to permit participation in any auction or to agrees to pay us a buyer’s premium on the hammer
as a prediction or guarantee of the actual selling price of (b) We may also ask you to give us a financial reference reject any bid. price of each lot sold. On all lots we charge 25% of the
a lot or its value for any other purpose. Estimates do not and/or a deposit as a condition of allowing you to hammer price up to and including US$250,000, 20%
include the buyer’s premium or any applicable taxes. bid. For help, please contact our Credit Department 2 RESERVES on that part of the hammer price over US$250,000 and
at +1 212-636-2490. Unless otherwise indicated, all lots are subject to a reserve. up to and including US$4,000,000, and 12.5% of that
6 WITHDRAWAL We identify lots that are offered without reserve with the part of the hammer price above US$4,000,000.
Christie’s may, at its option, withdraw any lot from 2 RETURNING BIDDERS symbol • next to the lot number. The reserve cannot be
auction at any time prior to or during the sale of the As described in paragraph B(1) above, we may at our more than the lot’s low estimate.
lot. Christie’s has no liability to you for any decision to option ask you for current identification, a financial
withdraw. reference, or a deposit as a condition of allowing you to