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contributes to scholarship or is otherwise well   at Sotheby’s discretion. By bidding on the   Bidding, which are published below and can also   All charges are subject to acceptance   For assistance, please contact:   Irrevocable Bids
        known and assists in distinguishing the item   telephone, prospective buyers consent thereto.    be viewed at sothebys.com.  by Sotheby’s and by American Express,
        of property. However, the identity of the seller   Please refer to Condition 5 of the Conditions of   Interested Parties Announcement In   MasterCard, China UnionPay or Visa, as the case   Post Sale Services (Mon to Fri 9:30a.m. to 6:00   Lots with this symbol indicate that a party has
                                                                                                                                                 p.m.)
                                                                                                                                                                               provided Sotheby’s with an irrevocable bid on
        or previous owners may not be disclosed   Business for Buyers published below.  situations where a person who is allowed to bid   may be. In the case a charge is not approved,   the lot that will be executed during the sale at
        for a variety of reasons. For example, such   Absentee Bids For some sales (other than   on a lot has a direct or indirect interest in such   you will nevertheless be liable to Sotheby’s for   +852 2822 5533  a value that ensures that the lot will sell. The
        information may be excluded to accommodate                                                                  all sums incurred by you. Credit card purchases

        a seller’s request for confidentiality or because   where the option to Advance Bid (as defined   lot, such as the beneficiary or executor of an   may not exceed HK$1,000,000. For all new   FAX +852 2501 4266  irrevocable bidder, who may bid in excess of the
                                     below) is enabled and a current bid is visible
                                                                   estate selling the lot, a joint owner of the lot, or a
                                                                                                                                                                               irrevocable bid, will be compensated based on
        the identity of prior owners is unknown given   on the Online Platforms), if you are unable to   party providing or participating in a guarantee of   clients to Sotheby’s or those whom we have not   hkpostsaleservices@sothebys.com  the final hammer price in the event he or she

        the age of the item of property.                                                                            transacted before, we reserve the right to accept
                                     attend the live auction in person, you may place   the lot, Sotheby’s will make an announcement   credit card payments presented in person only.    We will send you a quotation for shipping your   is not the successful bidder. If the irrevocable
        2.  BIDDING IN THE SALE      your maximum bid prior to the start of the live   in the sale room that interested parties may bid   For further details please contact the Post Sale   purchase(s). Transit risk insurance may also   bidder is the successful bidder, he or she will be
                                     auction on an Online Platform or by submitting   on the lot. In certain circumstances, interested           be included in your quotation. If the quotation   required to pay the full Buyer’s Premium and
        Bidding at the Live Auction Following any   your maximum bid in writing to Sotheby’s.    parties may have knowledge of the reserves.  Services Department on +852 2822 5533.  Overhead Premium and will not be otherwise
        applicable online bidding period, bids may be   When the lot that you are interested in comes               Please note that Sotheby’s reserves the right to   is accepted, we will arrange the shipping for   compensated.  From time to time, Sotheby’s
        executed during the live auction in person, on   up for sale, the auctioneer will execute the bid on   US Economic Sanctions The United States   decline payments received from anyone other   you and will despatch the property as soon as   may enter into irrevocable bid agreements
                                                                                                                                                 possible after receiving your written agreement
        the telephone or online via an Online Platform.    your behalf, making every effort to purchase the   maintains economic and trade sanctions   than the buyer of record and that clearance of   to the terms of the quotation, financial release of   that cover multiple lots. In such instances, the

        Auction speeds vary, but average between 50   lot for as little as possible and never exceeding   against targeted foreign countries, groups and   such payments will be required. Please contact   compensation Sotheby’s will pay the irrevocable
        and 120 lots per hour. The bidding steps are   your limit.  This service is free and confidential.  organisations. There may be restrictions on the   our Post Sale Services if you have any questions   the property and receipt of any export licence or   bidder is allocated to the lots for which the

        generally in increments of approximately 10%               import into the United States of certain items   concerning clearance.        certificates that may be required. Despatch will   irrevocable bidder is not the successful
                                                                                                                                                 be arranged at the buyer’s expense. Sotheby’s
        of the previous bid.         Advance Bidding   For certain sales, bidders   originating in sanctioned countries, including               may charge an administrative fee for arranging   purchaser. Under such circumstances, the total

                                     may submit bids in advance of the live auction   Burma, Cuba, Iran, North Korea and Sudan. The   We reserve the right to seek identification
        Please refer to Conditions 5 and 6 of the   (“Advance Bid”) through an Online Platform,   purchaser’s inability to import any item into the   of the source of funds received.  the despatch.  compensation to the irrevocable bidder will not
        Conditions of Business for Buyers published   as described above or by submitting your   US or any other country as a result of these or                               exceed the total buyer’s premium and other
        below.                                                                                                      The Conditions of Business require buyers to               amounts paid to Sotheby’s in respect of any
                                     maximum bid in writing to Sotheby’s. For these   other restrictions shall not justify cancellation or   pay immediately for their purchases. However,
        Bidders using an Online Platform are subject   sales, if you submit an Advance Bid prior to   rescission of the sale or any delay in payment.    in limited circumstances and with the seller’s   lots for which the irrevocable bidder is not the
                                                                                                                                                                               successful bidder. If the irrevocable bid is not
        to the Additional Terms and Conditions for   the live auction, the system will automatically   Please check with the specialist department if   agreement, Sotheby’s may grant buyers it   EXPLANATION OF SYMBOLS  secured until after the printing of the auction
        Online Bidding, which are published below and   bid on your behalf up to and including your   you are uncertain as to whether a lot is subject   deems creditworthy the option of paying for their   catalogue, Sotheby’s will notify bidders that
        can also be viewed at sothebys.com, as well as   predetermined maximum Advance Bid in   to these import restrictions, or any other   purchases on an extended payment term basis.   Symbol Key The following key explains the   there is an irrevocable bid on the lot by one
        the Conditions of Business applicable to the   response to other bids and will alert you via   restrictions on importation or exportation.  Credit terms must be arranged prior to the sale.   symbols you may see inside this catalogue.  or more of the following means: a pre-sale or

        sale. Online bidding may not be available for   email and push notifications (if enabled on   Currency Board As a courtesy to bidders, a   In advance of determining whether to grant the     Premium Lots  pre-lot announcement, by written notice at
        Premium Lots.                your device). During the live auction, if your   currency board is operated in many salerooms.   extended payment terms, Sotheby’s may require   the auction or by including an irrevocable bid
                                     Advance Bid remains as the leading bid,                                                                     In order to bid on “Premium Lots” (   in print
        Bidding in Person If you would like to bid in   the auctioneer will execute your bid on your   It displays the lot number and current bid in   credit references and proof of identity and   catalogue,    in eCatalogue), Sotheby’s may   symbol in the e-catalogue for the sale prior to
        person at the live auction, you may register for   behalf in response to other bids.  You may also   both Hong Kong dollars and foreign currencies.   residence.  request from prospective bidders to complete   the auction. From time to time, Sotheby’s or any


        a paddle prior to the start of the live auction   continue to bid during the live auction above   Exchange rates are approximations based on   Collection and Storage All items from this   the pre-registration application form and to   affiliated company may provide the irrevocable

        through an Online Platform or by contacting   your predetermined maximum Advance Bid via   recent exchange rate information and should   auction will be transferred to Sotheby’s where   deliver to Sotheby’s a deposit of HK$5,000,000   bidder with financing related to the irrevocable
        Sotheby’s. Alternatively, you may register for   an Online Platform using the Live Online Bidding   not be relied upon as a precise invoice amount.   they will incur storage charge one month after   or such other higher amount as may be   bid. If the irrevocable bidder is advising anyone
        a paddle upon entering the saleroom. Proof of   method described below.  Sotheby’s assumes no responsibility for any   the date of the auction at the following rate:  determined by Sotheby’s (for any items of   with respect to the lot, Sotheby’s requires the


        identity will be required. If you are a first-time         error or omission in the currency amounts                                     Chinese Works of Art, Fine Chinese Paintings,   irrevocable bidder to disclose his or her financial
        bidder, you will also be asked for your address,   Live Online Bidding If you cannot attend   shown.        Storage charge: HK$1,200 per lot per   Fine Classical Chinese Paintings, Magnificent   interest in the lot. If an agent is advising you
        phone number, email address and signature   the live auction, it is possible to bid live online   4.  AFTER THE AUCTION  month.          Jewels & Jadeite and Modern & Contemporary   or bidding on your behalf with respect to a lot

        in order to create your account.  If you have   via an Online Platform. For information about                    To arrange shipping or collection, please   Art – Evening Sale) and of HK$2,000,000 or   identified as being subject to an irrevocable
        a Sotheby’s Client Card, it will facilitate the   registering to bid via an Online Platform please   Invoices Successful bidders will receive an   contact:  such other higher amount as may be   bid, you should request that the agent disclose
        registration process. If you wish to register to   refer to www.sothebys.com.  invoice detailing their purchase and giving    Post Sale Services  determined by Sotheby’s (for any items in other   whether or not he or she has a financial interest

        bid on a Premium Lot, please see the paragraph   The online bidding service is not available for   instructions for payment and clearance of       As printed in front of this catalogue  categories), and any financial references,   in the lot.
        above.                                                     goods.                                                                        guarantees and/or such other security as
                                     premium lots.                                                                  It is Sotheby’s policy to request proof of identity         Interested Parties
        Should you be the successful buyer of a lot,   Consecutive and Responsive Bidding The   Payment Payment is due in HK dollars   on collection of a lot. Lots will be released to you   Sotheby’s may require in its absolute discretion    Lots with this symbol indicate that parties with
        please ensure that your paddle can be seen by   auctioneer may open the bidding on any lot   immediately after the sale and may be made   or your authorised representative when full and   as security for the bid. If all lots in the catalogue   a direct or indirect interest in the lot may be
        the auctioneer and that it is your number that   by placing a bid on behalf of the seller.  The   by the following methods: Cash, Banker’s   final payment has been received by Sotheby’s,   are “Premium Lots”, a Special Notice will be   bidding on the lot, including (i) the beneficiary of

                                                                                                                                                 included to this effect and this symbol will not
        is called out. Should there be any doubts as to   auctioneer may further bid on behalf of the   Draft, Cheque, Wire Transfer and Credit Card   appropriate photographic identification has been   an estate selling the lot, or
        price or buyer, please draw the auctioneer’s   seller, up to the amount of the reserve, by   (American Express, MasterCard, Union Pay &   made, and a release note has been provided by   be used.
        attention to it immediately.                               Visa).                                           Sotheby’s (open Monday to Friday 9:30am -     Guaranteed Property  (ii) the joint owner of a lot. If the interested party
                                     placing consecutive or responsive bids for a lot.                              6pm).                                                      is the successful bidder, they will be required
        All lots sold will be invoiced to the name and   Please refer to Condition 6 of the Conditions of   It is against Sotheby’s general policy to accept   The seller of lots with this symbol has been   to pay the full Buyer’s Premium and Overhead
        address in which the paddle has been registered   Business for Buyers published below.  single or multiple related payments in the form   If you are in doubt about the location of your   guaranteed a minimum price from one auction   Premium. In certain instances, interested parties
        and cannot be transferred to other names and   Employee Bidding Sotheby’s employees   of cash or cash equivalents in excess of the local   purchases, please contact the Sale Administrator   or a series of auctions. This guarantee may be   may have knowledge of the reserve. In the event
        addresses.                                                 currency equivalent of US$10,000.                prior to arranging collection. Removal, storage   provided by Sotheby’s, or jointly by Sotheby’s
                                     may bid only if the employee does not know                                     and handling charges may be levied on                      the interested party’s possible participation in
        Please do not mislay your paddle; in the event   the reserve and fully complies with Sotheby’s   It is Sotheby’s policy to request any new clients   uncollected lots. Please refer to Condition 7 of   and a third party. Sotheby’s and any third   the sale is not known until after the printing of
        of loss, inform the Sales Clerk immediately. At   internal rules governing employee bidding.  or buyers preferring to make a cash payment to   the Condition of Business for Buyers printed in   parties providing a guarantee jointly with   the auction catalogue, a pre-lot announcement


        the end of the sale, please return your paddle to   3.  THE AUCTION  provide proof of identity (by providing some form   this catalogue.  Sotheby’s benefit financially if a guaranteed   will be made indicating that interested parties
                                                                                                                                                 lot Is sold successfully and may incur a loss if
        the registration desk                                      of government issued identification containing a                                                            may be bidding on the lot.
                                     Conditions of Business Sotheby’s auctions   photograph, such as a passport, identity card or   Loss or Damage Buyers are reminded that   the sale is not successful. If the Guaranteed
        Telephone Bids If you cannot attend the   are governed by the Conditions of Business   driver’s licence) and confirmation of permanent   Sotheby’s accepts liability for loss or damage to   Property symbol for a lot is not included in the   □  No Reserve
        auction, it may be possible to bid on the   for Sellers and Buyers and the Authenticity   address. Thank you for your co-operation.  lots for a maximum period of thirty (30) calendar   printing of the auction catalogue, a pre-sale or   Unless indicated by a box ( □ ), all lots included
        telephone on lots with a minimum low   Guarantee. These apply to all aspects of the                         days after the date of the live auction. Please   pre-lot announcement will be made indicating   in this catalogue are offered subject to a

        estimate of HK$40,000. As the number of   relationship between Sotheby’s and actual   Cheques and drafts should be made payable to   refer to Condition 7 of the Conditions of Business   that there is a guarantee on the lot. If every lot   reserve.  A reserve is the confidential hammer
        telephone lines is limited, it is necessary to   and prospective bidders and buyers. Anyone   Sotheby’s Hong Kong Limited.  for Buyers published below.  in a catalogue is -guaranteed, the Important   price established between Sotheby’s and the
        make arrangements for this service 24 hours   considering bidding in the auction should read   Although personal and company cheques drawn   Notices in the sale catalogue will so state and   seller and below which a lot will not be sold.

        before the sale.  We also suggest that you leave   them carefully. They may be amended by way   in HK dollars on Hong Kong banks are accepted,   Shipping Sotheby’s offers a comprehensive   this symbol will not be used for each lot.  The reserve is generally set at a percentage of
        a maximum bid which we can execute on your   of notices posted in the saleroom or by way   you are advised that property will not be   shipping service.  Except if otherwise indicated   the low estimate and will not exceed the low
        behalf in the event we are unable to reach you   of announcement made by the auctioneer.                    in this Buying at Auction Guide,  Sotheby’s   △ Property in which Sotheby’s has an   estimate for the lot. If any lots included in this

        by telephone. Multi-lingual staff are available   Online bids are made subject to the Conditions   released until such cheques have cleared unless   can advise buyers on exporting and shipping   Ownership Interest  sale are offered without a reserve, these lots are

                                                                   you have a pre-arranged Cheque Acceptance
        to execute bids for you. Telephone bids are   of Business applicable to the sale and the   Facility. Forms to facilitate this are available from   property, and arranging delivery.   Lots with this symbol indicate that Sotheby’s   indicated by a box ( □ ). If all lots included in
        accepted only at Sotheby’s discretion and at   Additional Terms and Conditions for Online   the Finance Department in Hong Kong.         owns the lot in whole or in part or has an   this sale are offered without a reserve, a Special

        the caller’s risk. Calls may also be recorded                                                                                            economic interest in the lot equivalent to an   Notice will be included to this effect and the box

                                                                                                                                                 ownership interest.
        102     COMPLETE CATALOGUING AVAILABLE AT SOTHEBYS.COM/HK0971                                                                                                                                103
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