BEIJING POLY 2022 AUTUMN AUCTION
BIDDER’S LETTER OF AUTHORIZATION
Poly International Auction Co., Ltd. is now applied to and entrusted, to designate a special person to carry out the competitive bidding for the Lots numbered below according to the entrusted price listed below relying on this Letter of Authorization, and agree to the following terms:
I.In the event of a successful bid, a slump-sum payment of the Hammer Price plus an additional 15% of the Hammer Price as the commission and all other expenses shall be made by the entrusting part y to Poly International Auction Co., Ltd. within 7 days following the Sale Date, after which, the entrusting part y may
take possession of the Lot (and shall pay for such costs such as packaging charges, cart age, transport ation insurance premium and export appraisal fees).
II.Then entrusting part y knows and accepts that Poly International Auction Co., Ltd. assumes no liability for the authenticity and/or quality of any Lot;
III.The “Disclaimer of Authorized Bidding” contained in the Auction Rules of Poly International Auction Co., Ltd. is an incontestable clause. The entrusting part y
waives investigation of responsibilities of Poly International Auction Co., Ltd. and its employees bear for any unsuccessful bids, bidding negligence, or failure to
carry out the competitive bidding;
IV.The entrusting part y must issue this Letter of Authorization on Entrusted Bidding to Poly International Auction Co., Ltd. at latest twenty-four hours prior to the
Auction Date with the payment of an amount of guarantee money equivalent to 30% of the entrusted price listed. In order to ensure a smooth and successful bid,
the entrusting part y shall contact Poly International Auction Co., Ltd. by the Auction Date for the method of payment. If the aforesaid guarantee money has not
been received by Poly International Auction Co., Ltd. twenty-four hours prior to the Auction Date, this Company is entitled to determine whether this entrustment
will be accepted;
V.The entrusting part y acknowledges that he/she has carefully read the Auction Rules of Poly International Auction Co., Ltd. as printed in this catalogue, and
agrees to abide by all such clauses as contained therein.
VI.The entrusting part y promises to undert ake the legal liability for the instant communication mode and tools fi lled in this Letter of Authorization on Entrusted
Bidding, the bidding information conveyed during the competitive bidding, as well as the results arising therefrom.
The entrusted part y will bid on behalf of the entrusting part y at the lowest possible price on the principle of protecting the client’s interests and the transaction
price shall not be higher than the entrusted price listed.
Please Note:
All such items as the Lot No., Name and Bid Price in this Form must be fi lled in; otherwise it shall
be invalid. If two (including two) or more entrusting part ies successfully bid for the same Lot with
the same entrusted price and the Lot is sold out at this price fi nally, the Lot will be awarded to the
entrusting part y who submits the Letter of Authorization on Entrusted Bidding earlier. In the event
of entrustment of the competitive bidding through telephone, the entrusting part y shall pay the
guarantee money based on the standard or have a reputable client to provide the joint and several
guarantee; otherwise, this entrustment is invalid.
Please Remit the Deposit to Our Bank A/C:
HKD/EUR ACCOUNT
Account Name: Kangoo Overseas Ltd
Account Address: 2501, Admiralty Centre, Tower 1, 18
Harcourt Road, HK
Bank: Citic Bank International Limited
Bank Address: 232 Des Voeux Road Central, HongKong
Swift Code: KWHKHKHH
Bank Code: 018
Account Number: 694-1-47423800
USD ACCOUNT
Account name: Kangoo Overseas Ltd.
Account Address: 2501, Admiralty Centre,Tower1,18 Harcourt Road, HK
Bank: Wing Lung Bank Ltd
Bank Address: 45 Des Voeux Road, Central, Hong Kong
Bank code: 020
Swift code ：WUBAHKHH
Account number: 020-601-806-8107-9
*This form can be copied
Lot No. Lot Name Bid Price (RMB Yuan)
Please tick □ for entrustment by telephone
THE PROCEDURE FOR FOREIGN CLIENTS TO HANDLE THE COMPETITIVE
BIDDING OR ENTRUSTED AUCTION:
I. Providing your bank account information.
II. Providing your credit card information and registered bank telephone number.
III. One of our prestigious clients can sign guarantee statement for you.
Auction Date: (MM) (DD), (YY)
Full Name of the Bidder:
ID Card/Passport No:
Deposit Bank, Account and Credit Card Info.
Address:
Post Code:
Tel: Fax:
Signature of the Bidder: Date:
The Chinese version of this Letter of Authorization shall be the standard version, and the English version is only for reference. In case of any discrepancy between the Chinese version and
English version, the Chinese version shall prevail.
