Page 150 - Song Ceramics Lunyushanren Collection March 2018 NYC

2 TAXES is the work of the named artist. Please read the full F PAYMENT in which case you must pay us any shortfall
The successful bidder is responsible for any applicable list of Qualified Headings and a lot’s full catalogue 1 HOW TO PAY between the purchase price and the proceeds
taxes including any sales or use tax or equivalent tax description before bidding. (a) Immediately following the auction, you must pay the from the resale. You must also pay all costs,
wherever such taxes may arise on the hammer price, (d) The authenticity warranty applies to the Heading as purchase price being: expenses, losses, damages and legal fees we have to
the buyer’s premium, and/or any other charges related amended by any Saleroom Notice. (i) the hammer price; and pay or may suffer and any shortfall in the seller’s
to the lot. (e) The authenticity warranty does not apply where (ii) the buyer’s premium; and commission on the resale;
For lots Christie’s ships to or within the United States, a scholarship has developed since the auction leading to a (iii) any applicable duties, goods, sales, use, (iii) we can pay the seller an amount up to the net
sales or use tax may be due on the hammer price, buyer’s change in generally accepted opinion. Further, it does compensating or service tax, or VAT. proceeds payable in respect of the amount bid
premium, and/or any other charges related to the lot, not apply if the Heading either matched the generally Payment is due no later than by the end of the by your default in which case you acknowledge
regardless of the nationality or citizenship of the successful accepted opinion of experts at the date of the auction or 7th calendar day following the date of the auction and understand that Christie’s will have all of
bidder. Christie’s is currently required to collect sales tax drew attention to any conflict of opinion. (the “due date”). the rights of the seller to pursue you for
for lots it ships to the following states: California; Florida; (f) The authenticity warranty does not apply if the (b) We will only accept payment from the registered bidder. such amounts;
Illinois; New York; and Texas. The applicable sales tax rate lot can only be shown not to be authentic by a Once issued, we cannot change the buyer’s name on an (iv) we can hold you legally responsible for the
will be determined based upon the state, county, or locale to scientific process which, on the date we published purchase price and may begin legal proceedings
which the lot will be shipped. invoice or re-issue the invoice in a different name. You
In accordance with New York law, if Christie’s arranges the the catalogue, was not available or generally accepted must pay immediately even if you want to export the lot to recover it together with other losses, interest,
shipment of a lot out of New York State, New York sales tax for use, or which was unreasonably expensive or and you need an export licence. legal fees and costs as far as we are allowed by law;
does not apply, although sales tax or other applicable taxes impractical, or which was likely to have damaged (c) You must pay for lots bought at Christie’s in the (v) we can take what you owe us from any amounts
for other states may apply. If you hire a shipper (other than a the lot. United States in the currency stated on the invoice in which we or any company in the Christie’s Group
common carrier authorized by Christie’s), to collect the lot (g) The benefit of the authenticity warranty is only one of the following ways: may owe you (including any deposit or other part-
from a Christie’s New York location, Christie’s must collect available to the original buyer shown on the invoice (i) Wire transfer payment which you have paid to us);
New York sales tax on the lot at a rate of 8.875% regardless of for the lot issued at the time of the sale and only if JP Morgan Chase Bank, N.A., (vi) we can, at our option, reveal your identity and
the ultimate destination of the lot. the original buyer has owned the lot continuously 270 Park Avenue, New York, NY 10017; contact details to the seller;
If Christie’s delivers the lot to, or the lot is collected by, any between the date of the auction and the date of claim. ABA# 021000021; FBO: Christie’s Inc.; (vii) we can reject at any future auction any bids made
framer, restorer or other similar service provider in New It may not be transferred to anyone else. Account # 957-107978, by or on behalf of the buyer or to obtain a
York that you have hired, New York law considers the lot (h) In order to claim under the authenticity warranty for international transfers, SWIFT: CHASUS33. deposit from the buyer before accepting any bids;
delivered to the successful bidder in New York and New you must: (viii) we can exercise all the rights and remedies of
York sales tax must be imposed regardless of the ultimate (i) give us written details, including full supporting (ii) Credit Card. a person holding security over any property in
destination of the lot. In this circumstance, New York sales evidence, of any claim within 5 years of the date of We accept Visa, MasterCard, American Express our possession owned by you, whether by way
tax will apply to the lot even if Christie’s or a common carrier and China Union Pay. A limit of $50,000 for
(authorized by Christie’s that you hire) subsequently delivers the auction; credit card payment will apply. This limit is of pledge, security interest or in any other way
the lot outside New York. (ii) at Christie’s option, we may require you to inclusive of the buyer’s premium and any as permitted by the law of the place where such
Successful bidders claiming an exemption from sales tax must provide the written opinions of two recognised applicable taxes. Credit card payments at the New property is located. You will be deemed to have
provide appropriate documentation to Christie’s prior to the experts in the field of the lot mutually agreed by York premises will only be accepted for New granted such security to us and we may retain
release of the lot or within 90 days after the sale, whichever you and us in advance confirming that the lot is York sales. Christie’s will not accept credit card such property as collateral security for your
is earlier. For shipments to those states for which Christie’s not authentic. If we have any doubts, we reserve payments for purchases in any other sale site. obligations to us; and
is not required to collect sales tax, a successful bidder may the right to obtain additional opinions at our To make a ‘cardholder not present’ (CNP) payment, (ix) we can take any other action we see necessary
have a use or similar tax obligation. It is the successful bidder’s expense; and you must complete a CNP authorisation form which or appropriate.
responsibility to pay all taxes due. Christie’s recommends you (iii) return the lot at your expense to the saleroom you can get from our Post-Sale Services. You must send (b) If you owe money to us or to another Christie’s
consult your own independent tax advisor with any questions. from which you bought it in the condition it was a completed CNP authorisation form by fax to +1 212 Group company, we can use any amount you do
in at the time of sale. 636 4939 or you can mail to the address below. Details pay, including any deposit or other part-payment you
E WARRANTIES (i) Your only right under this authenticity warranty is of the conditions and restrictions applicable to credit card have made to us, or which we owe you, to pay off any
1 SELLER’S WARRANTIES to cancel the sale and receive a refund of the purchase payments are available from our Post-Sale Services, whose amount you owe to us or another Christie’s Group
For each lot, the seller gives a warranty that the seller: price paid by you to us. We will not, under any details are set out in paragraph (d) below. company for any transaction.
(a) is the owner of the lot or a joint owner of the lot circumstances, be required to pay you more than (iii) Cash
acting with the permission of the other co-owners or, the purchase price nor will we be liable for any loss We accept cash payments (including money 5 KEEPING YOUR PROPERTY
if the seller is not the owner or a joint owner of the of profits or business, loss of opportunity or value, orders and traveller’s checks) subject to a If you owe money to us or to another Christie’s Group
lot, has the permission of the owner to sell the lot, or expected savings or interest, costs, damages, other maximum global aggregate of US$7,500 per company, as well as the rights set out in F4 above, we can
the right to do so in law; and damages or expenses. buyer per year at our Post-Sale Services only use or deal with any of your property we hold or which
(b) has the right to transfer ownership of the lot to (j) Books. Where the lot is a book, we give an additional (iv) Bank Checks is held by another Christie’s Group company in any
the buyer without any restrictions or claims by anyone warranty for 21 days from the date of the auction You must make these payable to Christie’s Inc. way we are allowed to by law. We will only release your
else. that any lot is defective in text or illustration, we will and there may be conditions. property to you after you pay us or the relevant Christie’s
If either of the above warranties are incorrect, the seller refund your purchase price, subject to the following (v) Checks Group company in full for what you owe. However, if
shall not have to pay more than the purchase price (as terms: You must make checks payable to Christie’s Inc. we choose, we can also sell your property in any way we
defined in paragraph F1(a) below) paid by you to us. (a) This additional warranty does not apply to: and they must be drawn from US dollar accounts think appropriate. We will use the proceeds of the sale
The seller will not be responsible to you for any reason (i) the absence of blanks, half titles, tissue guards or from a US bank. against any amounts you owe us and we will pay any
for loss of profits or business, expected savings, loss of advertisements, damage in respect of bindings, (d) You must quote the sale number, your invoice amount left from that sale to you. If there is a shortfall,
opportunity or interest, costs, damages, other damages stains, spotting, marginal tears or other defects number and client number when making a payment. you must pay us any difference between the amount we
or expenses. The seller gives no warranty in relation to not affecting completeness of the text or All payments sent by post must be sent to: have received from the sale and the amount you owe us.
any lot other than as set out above and, as far as the seller illustration; Christie’s Inc. Post-Sale Services,
is allowed by law, all warranties from the seller to you, (ii) drawings, autographs, letters or manuscripts, 20 Rockefeller Center, New York, NY 10020. G COLLECTION AND STORAGE
and all other obligations upon the seller which may be signed photographs, music, atlases, maps (e) For more information please contact our Post-Sale 1 COLLECTION
added to this agreement by law, are excluded. or periodicals; Services by phone at +1 212 636 2650 or fax at +1 (a) We ask that you collect purchased lots promptly
(iii) books not identified by title; 212 636 4939 or email PostSaleUS@christies.com. following the auction (but note that you may not
2 OUR AUTHENTICITY WARRANTY (iv) lots sold without a printed estimate; collect any lot until you have made full and clear
We warrant, subject to the terms below, that the lots in (v) books which are described in the catalogue as 2 TRANSFERRING OWNERSHIP TO YOU payment of all amounts due to us).
our sales are authentic (our “authenticity warranty”). sold not subject to return; or You will not own the lot and ownership of the lot will (b) Information on collecting lots is set out on the storage
If, within 5 years of the date of the auction, you satisfy (vi) defects stated in any condition report or not pass to you until we have received full and clear and collection page and on an information sheet which
us that your lot is not authentic, subject to the terms announced at the time of sale. payment of the purchase price, even in circumstances you can get from the bidder registration staff or Christie’s
below, we will refund the purchase price paid by you. (b) To make a claim under this paragraph you must where we have released the lot to you. cashiers at +1 212 636 2495.
The meaning of authentic can be found in the glossary give written details of the defect and return the (c) If you do not collect any lot promptly following
at the end of these Conditions of Sale. The terms of the lot to the sale room at which you bought it in the 3 TRANSFERRING RISK TO YOU the auction we can, at our option, remove the lot
authenticity warranty are as follows: same condition as at the time of sale, within 21 The risk in and responsibility for the lot will transfer to to another Christie’s location or an affiliate or third
(a) It will be honoured for a period of 5 years from the days of the date of the sale. you from whichever is the earlier of the following: party warehouse. Details of the removal of the lot to a
date of the auction. After such time, we will not be (k) South East Asian Modern and Contemporary Art (a) When you collect the lot; or warehouse, fees and costs are set out at the back of the
obligated to honour the authenticity warranty. and Chinese Calligraphy and Painting. In these (b) At the end of the 30th day following the date of the catalogue on the page headed ‘Storage and Collection’.
(b) It is given only for information shown in categories, the authenticity warranty does not auction or, if earlier, the date the lot is taken into You may be liable to our agent directly for these costs.
UPPERCASE type in the first line of the catalogue apply because current scholarship does not permit care by a third party warehouse as set out on the page (d) If you do not collect a lot by the end of the 30th day
description (the “Heading”). It does not apply to the making of definitive statements. Christie’s does, headed ‘Storage and Collection’, unless we have following the date of the auction, unless otherwise
any information other than in the Heading even if however, agree to cancel a sale in either of these two agreed otherwise with you. agreed in writing:
shown in UPPERCASE type. categories of art where it has been proven the lot is (i) we will charge you storage costs from that date.
(c) The authenticity warranty does not apply to any a forgery. Christie’s will refund to the original buyer 4 WHAT HAPPENS IF YOU DO NOT PAY (ii) we can, at our option, move the lot to or within
Heading or part of a Heading which is qualified. the purchase price in accordance with the terms (a) If you fail to pay us the purchase price in full by an affiliate or third party warehouse and charge
Qualified means limited by a clarification in a lot’s of Christie’s Authenticity Warranty, provided that the due date, we will be entitled to do one or more you transport costs and administration fees for
catalogue description or by the use in a Heading the original buyer notifies us with full supporting of the following (as well as enforce our rights under doing so.
of one of the terms listed in the section titled evidence documenting the forgery claim within paragraph F5 and any other rights or remedies we (iii) we may sell the lot in any commercially
Qualified Headings on the page of the catalogue twelve (12) months of the date of the auction. Such have by law): reasonable way we think appropriate.
headed “Important Notices and Explanation of evidence must be satisfactory to us that the property (i) we can charge interest from the due date at a rate (iv) the storage terms which can be found at
Cataloguing Practice”. For example, use of the term is a forgery in accordance with paragraph E2(h)(ii) of up to 1.34% per month on the unpaid amount christies.com/storage shall apply.
“ATTRIBUTED TO…” in a Heading means that above and the property must be returned to us in due; (e) In accordance with New York law, if you have paid
the lot is in Christie’s opinion probably a work by the accordance with E2h(iii) above. Paragraphs E2(b), (ii) we can cancel the sale of the lot. If we do this, we for the lot in full but you do not collect the lot within
named artist but no warranty is provided that the lot (c), (d), (e), (f) and (g) and (i) also apply to a claim may sell the lot again, publically or privately on 180 calendar days of payment, we may charge you New
under these categories. such terms we shall think necessary or appropriate, York sales tax for the lot.