Page 155 - Fine Chinese Paintings and Calligraphy Christie's Hong Kong.pdf

CONDITIONS OF SALE • BUYING AT CHRISTIE’S

CONDITIONS OF SALE actual selling price of a lot or its value for any other (i) for individuals: Photo identification (driving
These Conditions of Sale and the Important Notices purpose. Estimates do not include the buyer’s licence, national identity card or passport) and, if not
and Explanation of Cataloguing Practice set out premium or any applicable taxes. Estimates may shown on the ID document, proof of your current
the terms on which we offer the lots listed in this be shown in different currencies from that of the address (for example, a current utility bill or bank
catalogue for sale. By registering to bid and/or by saleroom for guidance only. The rate of exchange statement);
bidding at auction you agree to these terms, so you used in our printed catalogues is fixed at the latest (ii) for corporate clients: Your Certificate of
should read them carefully before doing so. You will practical date prior to the printing of the catalogue Incorporation or equivalent document(s) showing
find a glossary at the end explaining the meaning of and may have changed by the time of our sale. your name and registered address, photo ID copy
the words and expressions coloured in bold. of the authorized bidder, letter of authorization duly
6 WITHDRAWAL signed by legal representative and, where applicable,
Unless we own a lot (6 symbol), Christie’s acts as Christie’s may, at its option, withdraw any lot at any chopped with company stamp and together with
agent for the seller. time prior to or during the sale of the lot. Christie’s documentary proof of directors and beneficial
has no liability to you for any decision to withdraw. owners;
A BEFORE THE SALE (iii) for trusts, partnerships, offshore companies
1 DESCRIPTION OF LOTS 7 JEWELLERY and other business structures, please contact us in
(a) Certain words used in the catalogue description (a) Coloured gemstones (such as rubies, sapphires advance to discuss our requirements.
have special meanings. You can find details of and emeralds) may have been treated to improve (b) We may also ask you to give us a financial
these on the page headed “Important Notices their look, through methods such as heating reference and/or a deposit as a condition of allowing
and Explanation of Cataloguing Practice” which and oiling. These methods are accepted by the you to bid. For help, please contact our Client
forms part of these terms. You can find a key to the international jewellery trade but may make the Services Department on +852 2760 1766.
Symbols found next to certain catalogue entries gemstone less strong and/or require special care
under the section of the catalogue called “Symbols over time. 2 RETURNING BIDDERS
Used in this Catalogue”. (b) All types of gemstones may have been improved We may at our option ask you for current
(b) Our description of any lot in the catalogue, by some method. You may request a gemmological identification as described in paragraph B1(a) above,
any condition report and any other statement report for any item which does not have a report if a financial reference or a deposit as a condition of
made by us (whether orally or in writing) about the request is made to us at least three weeks before allowing you to bid. If you have not bought anything
any lot, including about its nature or condition, the date of the auction and you pay the fee for the from any of our salerooms in the last two years or if
artist, period, materials, approximate dimensions report. you want to spend more than on previous occasions,
or provenance are our opinion and not to be relied (c) We do not obtain a gemmological report for please contact our Bids Department on +852 2978
upon as a statement of fact. We do not carry out in- every gemstone sold in our auctions. Where we 9910 or email to bidsasia@christies.com.
depth research of the sort carried out by professional do get gemmological reports from internationally
historians and scholars. All dimensions and weights accepted gemmological laboratories, such reports 3 IF YOU FAIL TO PROVIDE THE RIGHT
are approximate only. will be described in the catalogue. Reports from DOCUMENTS
American gemmological laboratories will describe If in our opinion you do not satisfy our bidder
2 OUR RESPONSIBILITY FOR OUR any improvement or treatment to the gemstone. identification and registration procedures including,
DESCRIPTION OF LOTS Reports from European gemmological laboratories but not limited to completing any anti-money
We do not provide any guarantee in relation to the will describe any improvement or treatment only laundering and/or anti-terrorism financing checks
nature of a lot apart from our authenticity warranty if we request that they do so, but will confirm we may require to our satisfaction, we may refuse to
contained in paragraph E2 and to the extent when no improvement or treatment has been register you to bid, and if you make a successful bid,
provided in paragraph I below. made. Because of differences in approach and we may cancel the contract for sale between you and
technology, laboratories may not agree whether a the seller. Christie’s may, at its option, specify the type
3 CONDITION particular gemstone has been treated, the amount of photo identification it will accept, for the purposes
(a) The condition of lots sold in our auctions can of treatment or whether treatment is permanent. of bidder identification and registration procedures.
vary widely due to factors such as age, previous The gemmological laboratories will only report
damage, restoration, repair and wear and tear. Their on the improvements or treatments known to the 4 BIDDING ON BEHALF OF ANOTHER
nature means that they will rarely be in perfect laboratories at the date of the report. PERSON
condition. Lots are sold “as is” in the condition (d) For jewellery sales, estimates are based on (a) As authorised bidder: If you are bidding on
they are in at the time of the sale, without any the information in any gemmological report or, if no behalf of another person, that person will need to
representation or warranty or assumption of liability report is available, assume that the gemstones may complete the registration requirements above before
of any kind as to condition by Christie’s or by the have been treated or enhanced. you can bid, and supply a signed letter authorising
seller. you to bid for him/her.
(b) Any reference to condition in a catalogue entry 8 WATCHES & CLOCKS (b) As agent for an undisclosed principal: If you
or in a condition report will not amount to a full (a) Almost all clocks and watches are repaired are bidding as an agent for an undisclosed principal
description of condition, and images may not show in their lifetime and may include parts which are (the ultimate buyer(s)), you accept personal liability
a lot clearly. Colours and shades may look different not original. We do not give a warranty that any to pay the purchase price and all other sums due.
in print or on screen to how they look on physical individual component part of any watch or clock is Further, you warrant that:
inspection. Condition reports may be available to authentic. Watchbands described as “associated” (i) you have conducted appropriate customer due
help you evaluate the condition of a lot. Condition are not part of the original watch and may not be diligence on the ultimate buyer(s) of the lot(s) in
reports are provided free of charge as a convenience authentic. Clocks may be sold without pendulums, accordance with any and all applicable anti-money
to our buyers and are for guidance only. They offer weights or keys. laundering and sanctions laws, consent to us relying
our opinion but they may not refer to all faults, (b) As collectors’ watches and clocks often have on this due diligence, and you will retain for a period
inherent defects, restoration, alteration or adaptation very fine and complex mechanisms, a general of not less than 5 years the documentation and
because our staff are not professional restorers service, change of battery or further repair work may records evidencing the due diligence;
or conservators. For that reason they are not an be necessary, for which you are responsible. We do (ii) you will make such documentation and records
alternative to examining a lot in person or taking not give a warranty that any watch or clock is in evidencing your due diligence promptly available
your own professional advice. It is your responsibility good working order. Certificates are not available for immediate inspection by an independent third-
to ensure that you have requested, received and unless described in the catalogue. party auditor upon our written request to do so. We
considered any condition report. (c) Most watches have been opened to find out will not disclose such documentation and records to
the type and quality of movement. For that reason, any third-parties unless (1) it is already in the public
4 VIEWING LOTS PRE-AUCTION watches with water resistant cases may not be domain, (2) it is required to be disclosed by law, or (3)
(a) If you are planning to bid on a lot, you should waterproof and we recommend you have them it is in accordance with anti-money laundering laws;
inspect it personally or through a knowledgeable checked by a competent watchmaker before use. (iii) the arrangements between you and the ultimate
representative before you make a bid to make sure Important information about the sale, transport and buyer(s) are not designed to facilitate tax crimes;
that you accept the description and its condition. shipping of watches and watchbands can be found (iv) you do not know, and have no reason to suspect,
We recommend you get your own advice from a in paragraph H2(f). that the funds used for settlement are connected
restorer or other professional adviser. with, the proceeds of any criminal activity or that the
(b) Pre-auction viewings are open to the public B REGISTERING TO BID ultimate buyer(s) are under investigation, charged
free of charge. Our specialists may be available to 1 NEW BIDDERS with or convicted of money laundering, terrorist
answer questions at pre-auction viewings or by (a) If this is your first time bidding at Christie’s activities or other money laundering predicate
appointment. or you are a returning bidder who has not bought crimes.
anything from any of our salerooms within the last A bidder accepts personal liability to pay the
5 ESTIMATES two years you must register at least 48 hours before purchase price and all other sums due unless it
Estimates are based on the condition, rarity, quality an auction to give us enough time to process and has been agreed in writing with Christie’s before
and provenance of the lots and on prices recently approve your registration. We may, at our option, commencement of the auction that the bidder is
paid at auction for similar property. Estimates can decline to permit you to register as a bidder. You will acting as an agent on behalf of a named third party
change. Neither you, nor anyone else, may rely on be asked for the following: acceptable to Christie’s and that Christie’s will only
any estimates as a prediction or guarantee of the seek payment from the named third party.
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