Page 9 - Chinese Works of Art Bonhams Sept 2015
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BUYER’S GUIDE

BIDDING & BUYING AT AUCTION                                       Lots are auctioned in consecutive numerical order as                    Buyer’s Premium
Whether you are an experienced bidder or an enthusiastic          they appear in the catalog. Bidding normally begins                     A buyer’s premium is added to the winning bid price of
novice, auctions provide a stimulating atmosphere unlike          below the low estimate. The auctioneer will accept bids                 each individual lot purchased, at the rates set forth in the
any other. Bonhams previews and sales are free and open           from interested parties present in the saleroom, from                   Conditions of Sale. The winning bid price plus the premium
to the public. As you will find in these directions, bidding      telephone bidders, and from absentee bidders who have                   constitute the purchase price for the lot. Applicable sales
and buying at auction is easy and exciting. Should you have       left written bids in advance of the sale. The auctioneer may            taxes are computed based on this figure, and the total
any further questions, please visit our website at www.           also execute bids on behalf of the consignor by placing                 becomes your final purchase price.
bonhams.com or call our Client Services Department at             responsive or consecutive bids for a lot up to the amount of
+1 (800) 223 2854 ext. 3550.                                      the reserve, but never above it.                                        Unless specifically illustrated and noted, fine art frames are
                                                                                                                                          not included in the estimate or purchase price. Bonhams
Catalogs                                                          We assume no responsibility for failure to execute bids for             accepts no liability for damage or loss to frames during
Before each auction we publish illustrated catalogs. Our          any reason whatsoever.                                                  storage or shipment.
catalogs provide descriptions and estimated values for
each “lot.” A lot may refer to a single item or to a group        In Person                                                               All sales are final and subject to the Conditions of Sale
of items auctioned together. The catalogs also include            If you are planning to bid at auction for the first time, you           found in our catalogs, on our website, and available at the
the dates and the times for the previews and auctions.            will need to register at the reception desk in order to receive         reception desk.
We offer our catalogs by subscription or by single copy.          a numbered bid card. To place a bid, hold up your card
For information on subscribing to our catalogs, you may           so that the auctioneer can clearly see it. Decide on the                Payment
refer to the subscription form in this catalog, call our          maximum auction price that you wish to pay, exclusive of                All buyers are asked to pay and pick up by 3pm on the
Client Services Department, or visit our website at www.          buyer’s premium and tax, and continue bidding until your                business day following the auction. Payment may be
bonhams.com/us.                                                   bid prevails or you reach your limit. If you are the successful         made to Bonhams by cash, checks drawn on a U.S.
                                                                  bidder on a lot, the auctioneer will acknowledge your                   bank, money order, wire transfer, or by Visa, MasterCard,
Previews                                                          paddle number and bid amount.                                           American Express or Discover credit or charge card or
Auction previews are your chance to inspect each lot prior                                                                                debit card. All items must be paid for within 5 business
to the auction. We encourage you to look closely and              Absentee Bids                                                           days of the sale. Please note that payment by personal or
examine each object on which you may want to bid so               As a service to those wishing to place bids, we may at                  business check may result in property not being released
that you will know as much as possible about it. Except           our discretion accept bids without charge in advance                    until purchase funds clear our bank. For payments sent by
as expressly set forth in the Conditions of Sale, items are       of auction online or in writing on bidding forms available              mail, please remit to Cashier Department, 220 San Bruno
sold “as is” and with all faults; illustrations in our catalogs,  from us. “Buy” bids will not be accepted; all bids must                 Avenue, San Francisco, CA 94103.
website and other materials are provided for identification       state the highest bid price the bidder is willing to pay.
only. At the previews, our staff is always available to answer    Our auction staff will try to bid just as you would, with               Sales Tax
your questions and guide you through the auction process.         the goal of obtaining the item at the lowest bid price                  California, Arizona, Colorado, Connecticut, Florida,
Condition reports may be available upon request.                  possible. In the event identical bids are submitted, the                Georgia, Illinois, Nevada, New York, Massachusetts,
                                                                  earliest bid submitted will take precedence. Absentee                   Pennsylvania, Texas, Washington state and Washington
Estimates                                                         bids shall be executed in competition with other absentee               DC residents must pay applicable sales tax. Other state
Bonhams catalogs include low and high value estimates             bids, any applicable reserve, and bids from other auction               or local taxes (or compensating use taxes) may apply.
for each lot, exclusive of the buyer’s premium and tax. The       participants. A friend or agent may place bids on your                  Sales tax will be automatically added to the invoice unless
estimates are provided as an approximate guide to current         behalf, provided that we have received your written                     a valid resale number has been furnished or the property
market value based primarily on previous auction results          authorization prior to the sale. Absentee bid forms are                 is shipped via common carrier to destinations outside the
for comparable pieces, and should not be interpreted as a         available in our catalogs, online at www.bonhams.com/                   states listed above.
representation or prediction of actual selling prices. They       us, at offsite auction locations, and at our San Francisco,
are determined well in advance of a sale and are subject to       Los Angeles and New York galleries.                                     Shipping & Removal
revision. Please contact us should you have any questions                                                                                 Bonhams can accommodate shipping for certain
about value estimates.                                            By Telephone                                                            items. Please contact our Cashiers Department for
                                                                  Under special circumstances, we can arrange for you to                  more information or to obtain a quote. Carriers are not
Reserves                                                          bid by telephone. To arrange for a telephone bid, please                permitted to deliver to PO boxes.
Unless indicated by the ¤ symbol next to the lot number,          contact our Client Services Department a minimum of 24
which denotes no reserve, all lots in the catalog are subject     hours prior to the sale.                                                International buyers are responsible for all import/export
to a reserve. The reserve is the minimum auction price that                                                                               customs duties and taxes. An invoice stating the actual
the consignor is willing to accept for a lot. This amount is      Online                                                                  purchase price will accompany all international purchases.
confidential and does not exceed the low estimate value.          We offer live online bidding for most auctions and accept
                                                                  absentee bids online for all our auctions. Please visit www.            Collection of Purchases
Auction House’s Interest in Property Offered at Auction           bonhams.com/us for details.                                             Please arrange for the packing and transport of your
On occasion, Bonhams may offer a lot in which it has an                                                                                   purchases prior to collection at our office. If you are sending
ownership interest, in whole or in part. Such property, if        Bid Increments                                                          a third party shipper, please request a release form from us
any, is identified in the catalog with a symbol next to the       Bonhams generally uses the following increment multiples as             and return it to +1 (212) 644 9009 prior to your scheduled
lot number.                                                       bidding progresses:                                                     pickup. To schedule collection of purchases, please call +1
                                                                                                                                          (212) 644 9001.
Similarly, Bonhams may have an economic interest in               $50-200..........................................by $10s
a lot beyond its commission as a result of making an              $200-500........................................by $20/50/80s           Handling and Storage Charges
advance against anticipated proceeds to the consignor             $500-1,000.....................................by $50s                  Please note that our offices have requirements for freight
which is secured by the consigned property or where it            $1,000-2,000..................................by $100s                  elevator usage. Please contact us to schedule an elevator
has guaranteed the consignor a minimum auction price for          $2,000-5,000..................................by $200/500/800s          appointment for pickup of any large or awkward items.
consigned property. Such property, if any, is identified in the   $5,000-10,000….............................by $500s                     .Bonhams will hold all purchased lots in our gallery
catalog with a symbol next to the lot number.                     $10,000-20,000..............................by $1,000s                  until Friday September 18. After Friday September 18,
                                                                  $20,000-50,000..............................by $2,000/5,000/8,000s      collection of lots will be by appointment only. Please call
Bidding at Auction                                                $50,000-100,000............................by $5,000s                   +1 (212) 644 9001 at least 24 hours in advance to make
At Bonhams, you can bid in many ways: in person, via              $100,000-200,000..........................by $10,000s                   an appointment.
absentee bid, over the phone, or via Bonhams’ live online         above $200,000..............................at auctioneer’s discretion
bidding facility. Absentee bids can be submitted in person,                                                                               Storage charges of $5 per lot, per day will begin accruing
online, via fax or via email.                                     The auctioneer may split or reject any bid at any time                  for any lots not collected by the 31st day after the auction.
                                                                  at his or her discretion as outlined in the Conditions                  Bonhams reserves the right to remove uncollected sold
Valid Bonhams client accounts are required to participate         of Sale.                                                                lots to the warehouse of our choice at the buyer’s risk and
in bidding activity. You can obtain registration information                                                                              expense. Handling and storage fees will apply.
online, at the reception desk or by calling our Client            Currency Converter
Services Department.                                              Solely for the convenience of bidders, a currency converter             Auction Results
                                                                  may be provided at Bonhams’ auctions. The rates quoted                  To find out the final purchase price for any lot following the
By bidding at auction, whether in person or by agent, by          for conversion of other currencies to U.S. Dollars are                  sale, please call our automated auction results line at +1
absentee bid, telephone, online or other means, the buyer         indications only and should not be relied upon by a bidder,             (800) 223 2854 ext. 3400. All you need is a touch-tone
or bidder agrees to be bound by the Conditions of Sale.           and neither Bonhams nor its agents shall be responsible for             telephone and the lot number. Auction results are usually
                                                                  any errors or omissions in the operation or accuracy of the             available on the next business day following the sale or
                                                                  currency converter.                                                     online at www.bonhams.com/us.
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