Page 151 - Sothebys Classical Paintings and Caligraphy September 2018 New York

4."The record of sale kept by Sotheby’s 10."In the event of any conß ict between Þ nancially if a guaranteed lot is sold
ADDITIONAL TERMS AND will be taken as absolute and Þ nal in all these Online Terms and Sotheby’s successfully and may incur a loss if the
CONDITIONS FOR LIVE ONLINE
BIDDING disputes. In the event of a discrepancy Conditions of Sale and Terms of Guarantee, sale is not successful. If the Guaranteed
between any online records or messages Sotheby’s Conditions of Sale and Terms of Property symbol for a lot is not included
The following terms and conditions provided to you and the record of sale kept Guarantee will control. in the printing of the auction catalogue, a
(the “Online Terms”) provide important by Sotheby’s, the record of sale will govern. pre-sale or pre-lot announcement will be
information related to live online bidding 11."In the event of any conß ict between made indicating that there is a guarantee
via BIDnow, eBay, Invaluable, and any other 5."Online bidders are responsible for these Online Terms and any term in on the lot.
Online Platform through which bidding is making themselves aware of all salesroom any agreement between the User and
made available (“Online Platforms”). notices and announcements. All saleroom eBay, these Online Terms will control for Ⴄ Property in which Sotheby’s has an
These Conditions are in addition to and notices will be read by the auctioneer at the purposes of all Sotheby’s auctions. Ownership Interest
subject to the same law and our standard beginning, where appropriate, or during the Lots with this symbol indicate that Sotheby’s
terms and conditions of sale, including sale prior to a relevant lot being o! ered for 12."In the event of any conß ict between owns the lot in whole or in part or has an
the authenticity guarantee and any other sale. Sotheby’s recommends that online these Online Terms and any term in economic interest in the lot equivalent to an
terms and are not intended in any way to bidders log on at least ten minutes before any agreement between the User and ownership interest.
replace them. By participating in this sale the scheduled start of the auction to ensure Invaluable, these Online Terms will control
via any Online Platform, you acknowledge that you have heard all announcements for purposes of all Sotheby’s auctions. ຤ Irrevocable Bids
that you are bound by the Conditions of made by the auctioneer at the beginning Lots with this symbol indicate that a party
Sale applicable in the relevant sale and by of the sale. has provided Sotheby’s with an irrevocable
these additional Conditions. BUYING AT AUCTION bid on the lot that will be executed during
6."Sotheby’s reserves the right to refuse the sale at a value that ensures that the lot
1."The procedure for placing bids via Online or revoke permission to bid via Online The following will help in understanding the will sell. The irrevocable bidder, who may
Platforms is a one-step process; as soon Platforms and to remove bidding privileges auction buying process as well as some of bid in excess of the irrevocable bid, may be
as the “Bid Now” button is clicked, a bid is during a sale. the terms and symbols commonly used compensated for providing the irrevocable
submitted. By placing a bid via any Online in an auction catalogue. All bidders should bid by receiving a contingent fee, a Þ xed
Platform, you accept and agree that bids 7."Purchase information shown in the read the Conditions of Sale and Terms of fee or both. If the irrevocable bidder is the
submitted in this way are Þ nal and that “Account Activity” section of BIDnow, the Guarantee in this catalogue, as well as the successful bidder, any contingent fee, Þ xed
you will not under any circumstances be “Purchase History” section of the “My Glossary or any other notices. By bidding fee or both (as applicable) for providing
permitted to amend or retract your bid. eBay” page on eBay and the “Account at auction, bidders are bound by the the irrevocable bid may be netted against
If a successful bid is sent to Sotheby’s Activity” section of the “My Invaluable” Conditions of Sale and Terms of Guarantee, the irrevocable bidder’s obligation to pay
from your computer, phone, tablet, or any page on Invaluable is provided for your as amended by any oral announcement the full purchase price for the lot and the
other device, you irrevocably agree to pay convenience only. Successful bidders will or posted notices, which together form purchase price reported for the lot shall
the full purchase price, including buyer’s be notiÞ ed and invoiced by Sotheby’s after the sale contract among Sotheby’s, be net of any such fees. From time to time,
premium and all applicable taxes and other the sale. In the event of any discrepancy the seller (consignor) of the lot and any Sotheby’s may enter into irrevocable
applicable charges. between any online purchase information bidders, including the successful bidder bid agreements that cover multiple lots.
and the invoice sent to you by Sotheby’s (purchaser). In such instances, the compensation
2."If you have the leading bid, it will be following the respective sale, the invoice Sotheby’s will pay the irrevocable bidder
indicated on the screen with the statement prevails. Terms and conditions for payment 1. SYMBOL KEY is allocated to the lots for which the
“Bid with you” (on BIDNow) or “You’re and collection of property remain the same irrevocable bidder is not the successful
the highest bidder” (on eBay) or “Bid with regardless of how the winning bid was ႒ Reserves purchaser. Under such circumstances,
you” (on Invaluable). If a bid is placed submitted. Unless indicated by a box ( ႒ ), all lots the total compensation to the irrevocable
online simultaneously with a bid placed by in this catalogue are o! ered subject to bidder will not exceed the total buyer’s
a bidder in the room or on the telephone 8."Sotheby’s o! ers online bidding as a a reserve. A reserve is the conÞ dential premium and other amounts paid to
(a “ß oor” bid), the “ß oor” bid generally convenience to our clients. Sotheby’s will minimum hammer price at which a lot will Sotheby’s in respect of any lots for which
will take precedence; the auctioneer will not be responsible for any errors or failures be sold. The reserve is generally set at a the irrevocable bidder is not the successful
have the Þ nal discretion to determine the to execute bids placed via Online Platforms, percentage of the low estimate and will not bidder. If the irrevocable bid is not secured
successful bidder or to reopen bidding. including, without limitation, errors or exceed the low estimate of the lot. If any until after the printing of the auction
The auctioneer’s decision is Þ nal. failures caused by (i) a loss of connection lots in the catalogue are o! ered without catalogue, Sotheby’s will notify bidders that
to the internet or to the BIDnow, eBay, reserve, such lots will be designated by there is an irrevocable bid on the lot by one
3."The next bidding increment is shown Invaluable or other Online Platform a box ( ႒ ). If every lot in a catalogue is or more of the following means: a pre-sale
on the screen for your convenience. The software by either Sotheby’s or the client; o! ered without a reserve, the Conditions of or pre-lot announcement, by written notice
auctioneer has discretion to vary bidding (ii) a breakdown or problem with the Sale will so state and this symbol will not be at the auction or by including an irrevocable
increments for bidders in the auction room BIDnow, eBay, Invaluable or other Online used for each lot. bid symbol in the e-catalogue for the
and on the telephones, but bidders using Platform software; or (iii) a breakdown or sale prior to the auction. From time to
Online Platforms may not be able to place problem with a client’s internet connection, Ⴜ Guaranteed Property time, Sotheby’s or any a# liated company
a bid in an amount other than a whole mobile network or computer. Sotheby’s is The seller of lots with this symbol has may provide the irrevocable bidder with
bidding increment. All bidding for this sale not responsible for any failure to execute an been guaranteed a minimum price from Þ nancing related to the irrevocable bid. If
will be in the domestic currency of the sale online bid or for any errors or omissions in one auction or a series of auctions. This the irrevocable bidder is advising anyone
location, and online bidders will not be able connection therewith. guarantee may be provided by Sotheby’s with respect to the lot, Sotheby’s requires
to see the currency conversion board that or jointly by Sotheby’s and a third party. the irrevocable bidder to disclose his or her
may be displayed in the auction room. 9."Live online bidding via all Online Sotheby’s and any third parties providing Þ nancial interest in the lot. If an agent is
Platforms will be recorded. a guarantee jointly with Sotheby’s beneÞ t advising you or bidding on your behalf with

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