Page 112 - March 17, 2020 Impotant Chinese Art, Sotheby's, New York

to other bids, including bids placed by Registration Sotheby’s may require Platforms at the next increment above recent exchange rate information and Sales and Use Tax New York sales Property will not be released without Revenue Service, tax and estate planning
Sotheby’s on behalf of the seller, up to such necessary financial references, your maximum bid. Bidders utilizing any should not be relied upon as a precise tax is charged on the hammer price, this confirmation and your shipper must SELLING AT AUCTION professionals, and insurance firms. In the
the amount of the reserve (if applicable). guarantees, deposits and/or such other online platform are subject to the Online invoice amount. Sotheby’s assumes no buyer’s premium, overhead premium bring the same Bill of Lading that was event that a sale is considered, we are
The current leading bid will be visible to security, in its absolute discretion, as Terms as well as the relevant Conditions responsibility for any error or omission and any other applicable charges on any faxed to Sotheby’s when collecting. All If you have property you wish to sell, pleased to provide auction estimates,
all bidders; the value and status of your security for your bid. of Sale. Online bidding may not be in foreign or United States currency property picked up or delivered in New property releases are subject to the Sotheby’s team of specialists and client sales proposals and marketing plans.
maximum bid will be visible only to you. If you are not successful on any lot, available for Premium Lots. amounts shown. York State, regardless of the state or receipt of cleared funds. services representatives will assist you When sales are underway, the group
If the status of your bid changes, you will Sotheby’s will arrange for a refund country in which the purchaser resides Please see the Conditions of Sale for through the entire process. Simply works closely with the appropriate
receive notifications via email and push (subject to any right of set off) of the Telephone Bidding In some Results Sale results are available on or does business. Purchasers who wish further details. contact the appropriate specialist specialist departments to ensure that
(if you have enabled push notifications) deposit amount paid by you without circumstances, we offer the ability sothebys.com and on the Sotheby’s App. to use their own shipper who is not a (specialist departments are listed clients’ needs are met promptly and
leading up to the live auction. You interest within 14 working days of the to place bids by telephone live to a considered a “common carrier” by the Endangered Species Certain property in the catalogue), General Inquiries efficiently.
may raise your maximum bid at any date of the sale. Any exchange losses Sotheby’s representative on the auction International Auctions If you need New York Department of Taxation and sold at auction, for example, items Department or a Sotheby’s regional
time in advance of the live auction. or fees associated with the refund shall floor. Please contact the Bid Department assistance placing bids, obtaining Finance will be charged New York sales office representative for suggestions Financial Services Sotheby’s offers a
Please note in certain circumstances, be borne by you. Registration to bid on prior to the sale to make arrangements condition reports or receiving auction tax on the entire charge regardless of the made of or incorporating plant or animal on how best to arrange for evaluation of wide range of financial services including
materials such as coral, crocodile, ivory,
clients who have been outbid may be Premium Lots or to answer any questions you may results for a Sotheby’s sale outside destination of the property. Please refer whalebone, tortoiseshell, rhinoceros your property. advances on consignments, as well as
reinstated as the leading bidder and will must be done at least 3 business days have. Telephone bids are accepted only the United States, please contact to “Information on Sales and Use Tax horn, rosewood, etc., irrespective of Property Evaluation There are three loans secured by art collections not
receive notification via email or push prior to the sale. at Sotheby’s discretion and at the caller’s our International Client Services Related to Purchases at Auction”. age or value, may require a license or general ways evaluation of property can intended for sale.
notifications (if enabled on your device). risk. Calls may also be recorded at Department. be conducted:
3. DURING THE AUCTION Sotheby’s discretion. By bidding on the Collection and Delivery certificate prior to exportation and Museum Services Tailored to meet
additional licenses or certificates
The Catalogue The catalogue will telephone, prospective buyers consent 4. AFTER THE AUCTION Post Sale Services upon importation to another country. (1) In our galleries the unique needs of museums and
help familiarize you with property being The Auction Auctions are open to the thereto. + 1 212 606 7444 Sotheby’s suggests that buyers check You may bring your property directly to non-profits in the marketplace, Museum
offered at the designated auction. public (subject to any governmental FAX: + 1 212 606 7043 on their government wildlife import our galleries where our specialists will Services offers personal, professional
Prospective bidders should consult health or safety restrictions) without any Live Online Bidding In person bidding Payment If your bid is successful, uspostsaleservices@sothebys.com requirements prior to placing a bid. give you auction estimates and advice. assistance and advice in areas including
your invoice will be mailed to you. The
sothebys.com for the most up to date admission fee or obligation to bid. The is currently not available for this auction. final price is determined by adding the Sotheby’s New York office is open Please note that the ability to obtain There is no charge for this service, but we appraisals, deaccessions, acquisitions
cataloguing of the property in this auctioneer introduces the objects for For the most up-to-date information buyer’s premium, overhead premium on a limited basis by appointment an export license or certificate does require that you telephone ahead for an and special events.
catalogue. regarding in person bidding, please call appointment.
sale — known as “lots” — in numerical and any other applicable charges to the only. All collections and deliveries for not ensure the ability to obtain an
order as listed in the catalogue. Unless Sotheby’s or visit Sothebys.com. Bidders hammer price on a per-lot basis. Sales purchased property will be handled by import license or certificate in another (2) By photograph Corporate Art Services Devoted
Estimates Each lot in the catalogue is otherwise noted in the catalogue, on are encouraged to submit bids online on tax, where applicable, will be charged Post Sale Services in coordination with country, and vice versa. It is the If your property is not portable, or if you to servicing corporations, Sotheby’s
given a low and high estimate, indicating the sale page or by an announcement Sothebys.com or through the Sotheby’s on the entire amount. Payment is due in purchasers after the auction. Unless purchaser’s responsibility to obtain are not able to visit our galleries, you may Corporate Art Services Department
to a prospective buyer a range in which at the auction, Sotheby’s acts as agent App. For information about registering full immediately after the sale. However, otherwise agreed by Sotheby’s, all any export or import licenses and/or bring in or send a clear photograph of can prepare appraisal reports, advise
the lot might sell at auction. When on behalf of the seller and does not to bid on sothebys.com or through the under certain circumstances, Sotheby’s property must be removed from our certificates as well as any other required each item. If you have a large collection, a on acquisitions and deaccessions,
possible, the estimate is based on permit the seller to bid on his or her own Sotheby’s App, please see sothebys.com. may, in its sole discretion, offer bidders or our vendor’s premises (as indicated documentation. In the case of denial of representative selection of photographs manage all aspects of consignment,
previous auction records of comparable property. It is important for all bidders Bidders utilizing any online platform an extended payment plan. Such a on the invoice) by the purchaser at his any export or import license or of delay will do. Please be sure to include the assist in developing arts-management
pieces. The estimates are determined to know that the auctioneer may open are subject to the Online Terms as payment plan may provide an economic expense not later than 30 calendar in the obtaining of such licenses, the dimensions, artist’s signature or maker’s strategies and create events catering to a
several months before a sale and are the bidding on any lot by placing a bid on well as the relevant Conditions of Sale. benefit to the bidder. Credit terms should days following the close of the auction. purchaser is still responsible for making mark, medium, physical condition and corporation’s needs.
therefore subject to change upon behalf of the seller. The auctioneer may Online bidding may not be available for be requested at least one business day As a reminder your property cannot on-time payment of the total purchase any other relevant information. Our
further research of the property, or to further bid on behalf of the seller, up to Premium Lots. before the sale. However, there is no be released until payment has been price for the lot. specialists will provide a free preliminary
reflect market conditions or currency the amount of the reserve, by placing assurance that an extended payment received and cleared. auction estimate subject to a final INFORMATION ON SALES
fluctuations. Estimates should not responsive or consecutive bids for a lot. Employee Bidding Sotheby’s plan will be offered. Please contact Post Although licenses can be obtained estimate upon first-hand inspection. AND USE TAX RELATED TO
be relied upon as a representation or The auctioneer will not place consecutive employees may bid in a Sotheby’s Sale Services or the specialist in charge Shipping Services Sotheby’s offers to export some types of endangered PURCHASES AT AUCTION
prediction of actual selling prices. bids on behalf of the seller above the auction only if the employee does not of the sale for information on credit a comprehensive shipping service to species, other types may not be (3) In your home
reserve. know the reserve and if the employee arrangements for a particular lot. Please meet all of your requirements. If you exported at all, and other types may Evaluations of property can also be made To better assist our clients, we have
Provenance In certain circumstances, fully complies with Sotheby’s internal note that Sotheby’s will not accept received a shipping quotation or have not be resold in the United States. Upon in your home. The fees for such visits prepared the following information on
Sotheby’s may include in the catalogue Bidding in Person IIn person bidding is rules governing employee bidding. payments for purchased lots from any any questions about the services we request, Sotheby’s is willing to assist the are based on the scope and diversity of Sales and Use Tax related to property
the history of ownership of a work of currently not available for this auction. party other than the purchaser, unless offer please contact us. purchaser in attempting to obtain the property, with travel expenses additional.
art if such information contributes to For the most up-to-date information US Economic Sanctions The United otherwise agreed between the purchaser appropriate licenses and/or certificates. These fees may be rebated if you consign purchased at auction.
scholarship or is otherwise well known regarding in person bidding, please States maintains economic and trade and Sotheby’s prior to the sale. Collecting your Property Sotheby’s However, there is no assurance that your property for sale at Sotheby’s.
and assists in distinguishing the work of call Sotheby’s or visit Sothebys.com. sanctions against targeted foreign New York office is open on a limited basis an export license or certificate can be If there is considerable property in Why Sotheby’s Collects Sales
art. However, the identity of the seller or Bidders are encouraged to submit bids countries, groups and organizations. Payment by Cash It is against by appointment only. All collections obtained. Please check with the specialist question, we can arrange for an informal Tax Virtually all State Sales Tax Laws
previous owners may not be disclosed online on Sothebys.com or through the There may be restrictions on the import Sotheby’s general policy to accept and deliveries for purchased property department or the Shipping Department “walkthrough.” require a corporation to register with
for a variety of reasons. Sotheby’s App. into the United States of certain items payments in the form of cash or cash will be handled by Post Sale Services in if you are uncertain as to whether a lot is Once your property has been evaluated, the State’s Tax Authorities and collect
For example, such information may be originating in sanctioned countries, equivalents. coordination with purchasers after the subject to these export/import license Sotheby’s representatives can then help and remit sales tax if the corporation
excluded to accommodate a seller’s Absentee Bidding In person bidding including Cuba, Iran, North Korea and auction. Unless otherwise agreed by and certificate requirements, or any other you determine how to proceed should either establishes or maintains physical
request for confidentiality or because the is currently not available for this auction. Sudan. The purchaser’s inability to Payment by Credit Cards Sotheby’s Sotheby’s, all property must be removed restrictions on exportation. you wish to continue with the auction or economic presence within the state.
identity of prior owners is unknown given For the most up-to-date information import any item into the US or any accepts payment by credit card for Visa, from our or our vendor’s premises (as The Art Loss Register As part of process. They will provide information In the states that impose sales tax, Tax
the age of the work of art. regarding in person bidding, please call other country as a result of these MasterCard, and American Express indicated on the invoice) by the purchaser Sotheby’s efforts to support only the regarding sellers’ commission rates and Laws require an auction house, with
such presence in the state, to register
Sotheby’s or visit Sothebys.com. Bidders or other restrictions shall not justify only. Credit card payments may not at his expense not later than 30 calendar legitimate art market and to combat the other charges, auction venue, shipping as a sales tax collector, and remit sales
Specialist Advice Prospective bidders are encouraged to submit bids online on cancellation or rescission of the sale exceed $50,000 per sale. Payment by days following the close of the auction. As illegitimate market in stolen property, and any further services you may require.
may be interested in specific information Sothebys.com or through the Sotheby’s or any delay in payment. Please check credit card may be made (a) online at a courtesy to purchasers who come to Sotheby’s has retained the Art Loss tax collected to the state. New York sales
not included in the catalogue description App. If you do not wish to bid online during with the specialist department if you https://www.sothebys.com/en/invoice- Sotheby’s to collect property, Sotheby’s Register to check all uniquely identifiable tax is charged on the hammer price,
of a lot. For additional information, please the live auction, you may place your bid are uncertain as to whether a lot is payment.html, (b) through the Sotheby’s will assist in the packing of lots, although items offered for sale in this catalogue buyer’s premium, overhead premium
contact either a Sotheby’s specialist in ahead of time, either via sothebys.com subject to these import restrictions, or App, (c) by calling in to Post Sale Services Sotheby’s may, in the case of fragile that are estimated at more than the SOTHEBY’S SERVICES and any other applicable charges on any
charge of the sale, or Sotheby’s Client or the App, or by submitting your bid in any other restrictions on importation or at +1 212 606 7444, or (d) in person articles, choose not to pack or otherwise equivalent of US$1,500 against the Art property picked up or delivered in New
Services Department. You may also writing to the Bids Department. Once the exportation. at Sotheby’s premises at the address handle a purchase. Loss Register’s computerized database Sotheby’s also offers a range of other York, regardless of the state or country
request a condition report from the live auction opens, when the lot that you noted in the catalogue. Please note that of objects reported as stolen or lost. The services to our clients beyond buying in which the purchaser resides or does
specialist in charge. are interested in comes up for sale, the Hammer Price and the Buyer’s Sotheby’s New York office is open on a If you are using your own shipper to Art Loss Register is pleased to provide and selling at auction. These services are business.
auctioneer will execute the bid on your Premium and the Overhead Premium limited basis by appointment only. collect property from Sotheby’s, please purchasers with a certificate confirming summarized below. Further information Where Sotheby’s Collects Sales Tax
Viewing Property will be available for behalf, making every effort to purchase For lots which are sold, the last price for provide a letter of authorization and that a search has been made. All inquiries on any of the services described below
viewing by appointment only at our New the item for as little as possible and never a lot as announced by the auctioneer is Payment by Check Sotheby’s New kindly instruct your shipper that they regarding search certificates should be can be found at sothebys.com. Sotheby’s is currently registered to
York premises, or such other location as exceeding your limit. This service is free the hammer price. A buyer’s premium York office is open on a limited basis by must provide a Bill of Lading prior to directed to The Art Loss Register, First collect sales tax in the following states:
we may indicate from time to time. You and confidential. and overhead premium will be added to appointment only. During such time, collection. Both documents must be sent Floor, 63-66 Hatten Garden, London Valuations and Appraisals Sotheby’s Alabama, Arizona, Arkansas, California,
can schedule a viewing as indicated on the hammer price and are payable by the Sotheby’s cannot accept payment by to Post Sale Services prior to collection. EC1N 8LE or by email at artloss@artloss. Valuations and Appraisals Services offers Colorado, Connecticut, District of
our website. Advance Bidding For certain sales, purchaser as part of the total purchase check (including, but not limited to, The Bill of Lading must include: the com. The Art Loss Register does not advice regarding personal property Columbia, Florida, Georgia, Hawaii,
Idaho, Illinois, Indiana, Iowa, Kansas,
where Advance Bids are accepted, price. The buyer’s premium and the personal, certified, banker’s draft or purchaser’s full name, the full delivery guarantee the provenance or title of assets to trusts, estates, and private Kentucky, Louisiana, Maine, Maryland,
Salesroom Notices Salesroom notices if you submit an “Advance Bid” (as overhead premium will be the amounts cashier’s checks). address including the street name any catalogued item against which clients in order to help fiduciaries,
amend the catalogue description after described above in “BEFORE THE stated in the Conditions of Sale. and number, city and state or city and they search, and will not be liable for executors, advisors, and collectors meet Massachusetts, Michigan, Minnesota,
our catalogue is available. They are AUCTION”), and your bid is not executed Payment by Wire Transfer To pay for a country, the sale and lot number. any direct or consequential losses of their goals. We provide efficient and Missouri, Nebraska, Nevada, New
announced by the auctioneer and/or up to its maximum value before the Currency Board As a courtesy to purchase by wire transfer, please refer to any nature howsoever arising. This confidential advice and assistance for all Jersey, New Mexico, New York, North
posted on the sale page. Please take note auction begins, your bid will continue bidders, a currency board is operated the payment instructions on the invoice Sotheby’s will contact your shipper statement and the ALR’s service do not appraisal and auction services. Sotheby’s Carolina, Ohio, Oklahoma, Pennsylvania,
Rhode Island, South Carolina,
of them. to be executed automatically on your in many salesrooms. It displays the lot provided by Sotheby’s or contact Post within 24 hours of receipt of the Bill of affect your rights and obligations under can prepare appraisals to suit a variety of Tennessee, Texas, Utah, Vermont,
behalf during the live auction up to number and current bid in both U.S. Sale Services to request instructions. Lading to confirm the date and time the Conditions of Sale applicable to the needs, including estate tax and planning, Virginia, Washington, Wisconsin and
insurance, charitable contribution
that your property can be collected.
your predetermined maximum bid. You dollars and foreign currencies. Exchange sale. and collateral loan. Our appraisals Wyoming. For any property collected or
may also continue to bid via the Online rates are approximations based on received by the purchaser in New York
are widely accepted by the Internal
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