Page 146 - Sotheby's Chinese Paintings Auction New York September 11, 2018

the event of any discrepancy between Ⴄ Property in which Sotheby’s requires the irrevocable bidder to
BUYING AT AUCTION disclose his or her Þ nancial interest in
any online purchase information and has an Ownership Interest
the invoice sent to you by Sotheby’s Lots with this symbol indicate that the lot. If an agent is advising you or
The following will help in
following the respective sale, the Sotheby’s owns the lot in whole or in bidding on your behalf with respect to
understanding the auction buying
invoice prevails. Terms and conditions part or has an economic interest in the a lot identiÞ ed as being subject to an
process as well as some of the terms
for payment and collection of property lot equivalent to an ownership interest. irrevocable bid, you should request
and symbols commonly used in an
remain the same regardless of how the that the agent disclose whether or
auction catalogue. All bidders should
winning bid was submitted. ຤ Irrevocable Bids not he or she has a Þ nancial interest
read the Conditions of Sale and Terms
Lots with this symbol indicate that in the lot.
of Guarantee in this catalogue, as well
8. Sotheby’s o" ers online bidding a party has provided Sotheby’s with
as the Glossary or any other notices.
as a convenience to our clients. an irrevocable bid on the lot that ຎ Interested Parties
By bidding at auction, bidders are
Sotheby’s will not be responsible for will be executed during the sale at Lots with this symbol indicate that
bound by the Conditions of Sale and
any errors or failures to execute bids a value that ensures that the lot will parties with a direct or indirect
Terms of Guarantee, as amended by
placed via Online Platforms, including, sell. The irrevocable bidder, who may interest in the lot may be bidding on
any oral announcement or posted
without limitation, errors or failures bid in excess of the irrevocable bid, the lot, including (i) the beneÞ ciary
notices, which together form the sale
caused by (i) a loss of connection to may be compensated for providing of an estate selling the lot, or (ii)
contract among Sotheby’s, the seller
the internet or to the BIDnow, eBay, the irrevocable bid by receiving a the joint owner of a lot. If the
(consignor) of the lot and any bidders,
Invaluable or other Online Platform contingent fee, a Þ xed fee or both. interested party is the successful
including the successful bidder
software by either Sotheby’s or the If the irrevocable bidder is the bidder, they will be required to pay
(purchaser).
client; (ii) a breakdown or problem successful bidder, any contingent the full Buyer’s Premium. In certain
with the BIDnow, eBay, Invaluable or fee, Þ xed fee or both (as applicable) instances, interested parties may
1. SYMBOL KEY
other Online Platform software; or for providing the irrevocable bid may have knowledge of the reserve. In the
(iii) a breakdown or problem with a be netted against the irrevocable event the interested party’s possible
႒ Reserves participation in the sale is not known
client’s internet connection, mobile bidder’s obligation to pay the full
႒
Unless indicated by a box ( ), all lots
network or computer. Sotheby’s is not purchase price for the lot and the until after the printing of the auction
in this catalogue are o" ered subject to
responsible for any failure to execute purchase price reported for the lot catalogue, a pre-sale or pre-lot
a reserve. A reserve is the conÞ dential
an online bid or for any errors or shall be net of any such fees. From announcement will be made indicating
minimum hammer price at which a lot
omissions in connection therewith. time to time, Sotheby’s may enter that interested parties may be bidding
will be sold. The reserve is generally
into irrevocable bid agreements that on the lot.
set at a percentage of the low estimate
9. Live online bidding via all Online cover multiple lots. In such instances,
and will not exceed the low estimate of Ⴚ
Platforms will be recorded. the compensation Sotheby’s will pay Restricted Materials
the lot. If any lots in the catalogue are
the irrevocable bidder is allocated Lots with this symbol have been
o" ered without reserve, such lots will
႒
10. In the event of any conß ict to the lots for which the irrevocable identiÞ ed at the time of cataloguing as
be designated by a box ( ). If every
between these Online Terms and bidder is not the successful purchaser. containing organic material which may
lot in a catalogue is o" ered without a
Sotheby’s Conditions of Sale and Under such circumstances, the total be subject to restrictions regarding
reserve, the Conditions of Sale will so
Terms of Guarantee, Sotheby’s compensation to the irrevocable import or export. The information is
state and this symbol will not be used
Conditions of Sale and Terms of bidder will not exceed the total buyer’s made available for the convenience
for each lot.
Guarantee will control. premium and other amounts paid to of bidders and the absence of the
Sotheby’s in respect of any lots for symbol is not a warranty that there
Ⴜ Guaranteed Property are no restrictions regarding import
11. In the event of any conß ict between which the irrevocable bidder is not the
The seller of lots with this symbol
these Online Terms and any term in successful bidder. If the irrevocable bid or export of the Lot; bidders should
has been guaranteed a minimum
any agreement between the User and is not secured until after the printing refer to Condition 12 of the Conditions
price from one auction or a series
eBay, these Online Terms will control of the auction catalogue, Sotheby’s of Sale. Please also refer to the
of auctions. This guarantee may be
for purposes of all Sotheby’s auctions. will notify bidders that there is an section on Endangered Species in the
provided by Sotheby’s or jointly by
irrevocable bid on the lot by one or information on Buying at Auction.
Sotheby’s and a third party. Sotheby’s
12. In the event of any conß ict more of the following means: a pre-
and any third parties providing a
between these Online Terms and any sale or pre-lot announcement, by ෢ Monumental
guarantee jointly with Sotheby’s
term in any agreement between the written notice at the auction or by Lots with this symbol may, in our
beneÞ t Þ nancially if a guaranteed lot
User and Invaluable, these Online including an irrevocable bid symbol in opinion, require special handling or
is sold successfully and may incur a
Terms will control for purposes of all the e-catalogue for the sale prior to the shipping services due to size or other
loss if the sale is not successful. If the
Sotheby’s auctions. auction. From time to time, Sotheby’s physical considerations. Bidders
Guaranteed Property symbol for a lot
or any a# liated company may provide are advised to inspect the lot and to
is not included in the printing of the
the irrevocable bidder with Þ nancing contact Sotheby’s prior to the sale
auction catalogue, a pre-sale or pre-lot
related to the irrevocable bid. If the to discuss any speciÞ c shipping
announcement will be made indicating
irrevocable bidder is advising anyone requirements.
that there is a guarantee on the lot.
with respect to the lot, Sotheby’s
146 SOTHEBY’S