Page 199 - Christie's Irving Collection Lacquer Bronse jade and Ink March 2019

9 LOCAL BIDDING LAWS auction, you give notice to us that your lot is not (v) books which are described in the 2 TRANSFERRING OWNERSHIP TO YOU
You agree that when bidding in any of our sales authentic, subject to the terms below, we will catalogue as sold not subject to return; or You will not own the lot and ownership of the
that you will strictly comply with all local laws and refund the purchase price paid by you. The (vi) defects stated in any condition report or lot will not pass to you until we have received full
regulations in force at the time of the sale for the meaning of authentic can be found in the glossary announced at the time of sale. and clear payment of the purchase price, even
relevant sale site. at the end of these Conditions of Sale. The terms of (b) To make a claim under this paragraph you in circumstances where we have released the lot
the authenticity warranty are as follows: must give written details of the defect and to you.
D THE BUYER’S PREMIUM AND TAXES (a) It will be honored for claims notified within a return the lot to the sale room at which you
1 THE BUYER’S PREMIUM period of 5 years from the date of the auction. bought it in the same condition as at the 3 TRANSFERRING RISK TO YOU
In addition to the hammer price, the successful After such time, we will not be obligated to time of sale, within 21 days of the date of The risk in and responsibility for the lot will
the sale.
bidder agrees to pay us a buyer’s premium on honor the authenticity warranty. (k) South East Asian Modern and transfer to you from whichever is the earlier of the
the hammer price of each lot sold. On all lots (b) It is given only for information shown in Contemporary Art and Chinese following:
we charge 25% of the hammer price up to and UPPERCASE type in the first line of the (a) When you collect the lot; or
including US$300,000, 20% on that part of the catalogue description (the “Heading”). It Calligraphy and Painting. In these (b) At the end of the 30th day following the date of
hammer price over US$300,000 and up to and does not apply to any information other than in categories, the authenticity warranty does the auction or, if earlier, the date the lot is taken
including US$4,000,000, and 13.5% of that part of the Heading even if shown in UPPERCASE not apply because current scholarship does into care by a third party warehouse as set out
the hammer price above US$4,000,000. type. not permit the making of definitive statements. on the page headed ‘Storage and Collection’,
(c) The authenticity warranty does not apply Christie’s does, however, agree to cancel a sale unless we have agreed otherwise with you.
2 TAXES to any Heading or part of a Heading which in either of these two categories of art where it
has been proven the lot is a forgery. Christie’s
The successful bidder is responsible for any is qualified. Qualified means limited by a will refund to the original buyer the purchase 4 WHAT HAPPENS IF YOU DO NOT PAY
applicable taxes including any sales or use tax or clarification in a lot’s catalogue description price in accordance with the terms of Christie’s (a) If you fail to pay us the purchase price in full
equivalent tax wherever such taxes may arise on or by the use in a Heading of one of the Authenticity Warranty, provided that the by the due date, we will be entitled to do one
the hammer price, the buyer’s premium, and/ terms listed in the section titled Qualified original buyer notifies us with full supporting or more of the following (as well as enforce our
or any other charges related to the lot. Headings on the page of the catalogue evidence documenting the forgery claim within rights under paragraph F5 and any other rights
For lots Christie’s ships to or within the United headed “Important Notices and Explanation twelve (12) months of the date of the auction. or remedies we have by law):
States, a sales or use tax may be due on the of Cataloguing Practice”. For example, use of Such evidence must be satisfactory to us that (i) we can charge interest from the due date at
hammer price, buyer’s premium, and/or any the term “ATTRIBUTED TO…” in a Heading the property is a forgery in accordance with a rate of up to 1.34% per month on the unpaid
other charges related to the lot, regardless of means that the lot is in Christie’s opinion paragraph E2(h)(ii) above and the property amount due;
the nationality or citizenship of the successful probably a work by the named artist but must be returned to us in accordance with (ii) we can cancel the sale of the lot. If we do
bidder. Christie’s will collect sales tax where no warranty is provided that the lot is the E2h(iii) above. Paragraphs E2(b), (c), (d), (e), (f) this, we may sell the lot again, publically
legally required. The applicable sales tax rate work of the named artist. Please read the full and (g) and (i) also apply to a claim under these or privately on such terms we shall think
will be determined based upon the state, list of Qualified Headings and a lot’s full categories. necessary or appropriate, in which case
county, or locale to which the lot will be catalogue description before bidding. you must pay us any shortfall between the
shipped. Christie’s shall collect New York sales (d) The authenticity warranty applies to the F PAYMENT purchase price and the proceeds from the
tax at a rate of 8.875% for any lot collected from Heading as amended by any Saleroom 1 HOW TO PAY resale. You must also pay all costs, expenses,
Christie’s in New York. Notice. (a) Immediately following the auction, you must losses, damages and legal fees we have to
pay or may suffer and any shortfall in the
In accordance with New York law, if Christie’s (e) The authenticity warranty does not apply pay the purchase price being: seller’s commission on the resale;
arranges the shipment of a lot out of New where scholarship has developed since the (i) the hammer price; and (iii) we can pay the seller an amount up to the
York State, New York sales tax does not apply, auction leading to a change in generally (ii) the buyer’s premium; and net proceeds payable in respect of the
although sales tax or other applicable taxes for accepted opinion. Further, it does not apply (iii) any applicable duties, goods, sales, use, amount bid by your default in which case
if the Heading either matched the generally
other states may apply. If you hire a shipper accepted opinion of experts at the date of the compensating or service tax, or VAT. you acknowledge and understand that
(other than a common carrier authorized by auction or drew attention to any conflict of Payment is due no later than by the end of the 7th Christie’s will have all of the rights of the
Christie’s), to collect the lot from a Christie’s opinion. calendar day following the date of the auction (the seller to pursue you for such amounts;
New York location, Christie’s must collect New (f) The authenticity warranty does not apply if “due date”). (iv) we can hold you legally responsible for
York sales tax on the lot at a rate of 8.875% the lot can only be shown not to be authentic (b) We will only accept payment from the registered the purchase price and may begin legal
regardless of the ultimate destination of the lot. by a scientific process which, on the date we bidder. Once issued, we cannot change the proceedings to recover it together with other
If Christie’s delivers the lot to, or the lot is published the catalogue, was not available buyer’s name on an invoice or re-issue the losses, interest, legal fees and costs as far as
collected by, any framer, restorer or other or generally accepted for use, or which was invoice in a different name. You must pay we are allowed by law;
similar service provider in New York that you unreasonably expensive or impractical, or which immediately even if you want to export the lot (v) we can take what you owe us from any
have hired, New York law considers the lot was likely to have damaged the lot. and you need an export licence. amounts which we or any company in the
delivered to the successful bidder in New (g) The benefit of the authenticity warranty is (c) You must pay for lots bought at Christie’s in Christie’s Group may owe you (including
York and New York sales tax must be imposed only available to the original buyer shown on the the United States in the currency stated on the any deposit or other part-payment which you
regardless of the ultimate destination of the lot. invoice for the lot issued at the time of the sale invoice in one of the following ways: have paid to us);
In this circumstance, New York sales tax will and only if on the date of the notice of claim, the (i) Wire transfer (vi) we can, at our option, reveal your identity
apply to the lot even if Christie’s or a common original buyer is the full owner of the lot and the JP Morgan Chase Bank, N.A., and contact details to the seller;
carrier (authorized by Christie’s that you hire) lot is free from any claim, interest or restriction 270 Park Avenue, New York, NY 10017; (vii) we can reject at any future auction any
subsequently delivers the lot outside New York. by anyone else. The benefit of this authenticity ABA# 021000021; FBO: Christie’s Inc.; bids made by or on behalf of the buyer or
Successful bidders claiming an exemption warranty may not be transferred to anyone else. Account # 957-107978, to obtain a deposit from the buyer before
from sales tax must provide appropriate (h) In order to claim under the authenticity for international transfers, SWIFT: accepting any bids;
documentation to Christie’s prior to the release warranty you must: CHASUS33. (viii) we can exercise all the rights and remedies
of the lot or within 90 days after the sale, (i) give us written notice of your claim within (ii) Credit Card. of a person holding security over any
whichever is earlier. For shipments to those 5 years of the date of the auction. We may We accept Visa, MasterCard, American property in our possession owned by you,
states for which Christie’s is not required to require full details and supporting evidence of Express and China Union Pay. Credit card whether by way of pledge, security interest
collect sales tax, a successful bidder may have a any such claim; payments at the New York premises will only or in any other way as permitted by the law
be accepted for New York sales. Christie’s
use or similar tax obligation. It is the successful (ii) at Christie’s option, we may require you will not accept credit card payments for of the place where such property is located.
bidder’s responsibility to pay all taxes due. to provide the written opinions of two purchases in any other sale site. You will be deemed to have granted such
Christie’s recommends you consult your own recognised experts in the field of the lot To make a ‘cardholder not present’ (CNP) payment, security to us and we may retain such
independent tax advisor with any questions. mutually agreed by you and us in advance you must complete a CNP authorisation form property as collateral security for your
confirming that the lot is not authentic. If obligations to us; and
we have any doubts, we reserve the right to which you can get from our Post-Sale Services. (ix) we can take any other action we see
E W¡TIES You must send a completed CNP authorisation necessary or appropriate.
1 SELLER’S WARRANTIES obtain additional opinions at our expense; form by fax to +1 212 636 4939 or you can mail to (b) If you owe money to us or to another Christie’s
and
For each lot, the seller gives a warranty that the (iii) return the lot at your expense to the the address below. Details of the conditions and Group company, we can use any amount you
seller: saleroom from which you bought it in the restrictions applicable to credit card payments do pay, including any deposit or other part-
(a) is the owner of the lot or a joint owner of the condition it was in at the time of sale. are available from our Post-Sale Services, whose payment you have made to us, or which we
lot acting with the permission of the other (i) Your only right under this authenticity details are set out in paragraph (d) below. owe you, to pay off any amount you owe to us
co-owners or, if the seller is not the owner or a warranty is to cancel the sale and receive a (iii) Cash or another Christie’s Group company for any
joint owner of the lot, has the permission of the refund of the purchase price paid by you to We accept cash payments (including money transaction.
owner to sell the lot, or the right to do so in law; us. We will not, under any circumstances, be orders and traveller’s checks) subject to a
and required to pay you more than the purchase maximum global aggregate of US$7,500 5 KEEPING YOUR PROPERTY
(b) has the right to transfer ownership of the lot to price nor will we be liable for any loss of per buyer per year at our Post-Sale Services If you owe money to us or to another Christie’s
the buyer without any restrictions or claims by profits or business, loss of opportunity or value, only Group company, as well as the rights set out in F4
anyone else. expected savings or interest, costs, damages, (iv) Bank Checks above, we can use or deal with any of your property
If either of the above warranties are incorrect, other damages or expenses. You must make these payable to Christie’s we hold or which is held by another Christie’s
the seller shall not have to pay more than the (j) Books. Where the lot is a book, we give an Inc. and there may be conditions. Group company in any way we are allowed to
purchase price (as defined in paragraph F1(a) additional warranty for 21 days from the date (v) Checks by law. We will only release your property to you
below) paid by you to us. The seller will not be of the auction that any lot is defective in text or You must make checks payable to Christie’s after you pay us or the relevant Christie’s Group
responsible to you for any reason for loss of profits Inc. and they must be drawn from US dollar company in full for what you owe. However, if we
or business, expected savings, loss of opportunity illustration, we will refund your purchase price, accounts from a US bank. choose, we can also sell your property in any way
or interest, costs, damages, other damages or subject to the following terms: (d) You must quote the sale number, your invoice we think appropriate. We will use the proceeds of
expenses. The seller gives no warranty in relation (a) This additional warranty does not apply to: number and client number when making a the sale against any amounts you owe us and we
(i) the absence of blanks, half titles, tissue
to any lot other than as set out above and, as far as guards or advertisements, damage in payment. All payments sent by post must be will pay any amount left from that sale to you. If
the seller is allowed by law, all warranties from respect of bindings, stains, spotting, sent to: there is a shortfall, you must pay us any difference
the seller to you, and all other obligations upon the marginal tears or other defects not Christie’s Inc. Post-Sale Services, between the amount we have received from the
seller which may be added to this agreement by affecting completeness of the text or 20 Rockefeller Center, New York, NY 10020. sale and the amount you owe us.
law, are excluded. (e) For more information please contact our Post-
illustration; Sale Services by phone at +1 212 636 2650 or
(ii) drawings, autographs, letters or fax at +1 212 636 4939 or email PostSaleUS@
2 OUR AUTHENTICITY WARRANTY manuscripts, signed photographs, music, christies.com.
We warrant, subject to the terms below, that the atlases, maps or periodicals;
lots in our sales are authentic (our “authenticity (iii) books not identified by title;
warranty”). If, within 5 years of the date of the (iv) lots sold without a printed estimate;
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