保利香港|不止青綠:歐美藏家藏中國色彩藝術珍品

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保利香港|不止青綠:歐美藏家藏中國色彩藝術珍品

IMPORTANT NOTICES     ­€‚ƒ„„…€†‡ˆ‰Š‹ŒŽ‘’“”ˆ‰•–—˜™š›œˆžŸ¡¢£¤¥¦§¨©­€‚ƒŠ‚ª«”¬‰®¯•–°±—²³´µ–‰§The auctions held by Poly Auction (Hong Kong) Limited ("Poly Auction (Hong Kong)"or"our company") are conducted according to the Conditions of Business, Important Notices, Important Notices about Bidding Registration, Important Notice about Payment and Important Notice about Storage Collection Shipping and Export, and anyone p... [收起]
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IMPORTANT NOTICES





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The auctions held by Poly Auction (Hong Kong) Limited

("Poly Auction (Hong Kong)"or"our company") are

conducted according to the Conditions of Business,

Important Notices, Important Notices about Bidding

Registration, Important Notice about Payment and

Important Notice about Storage Collection Shipping and

Export, and anyone participating in the auction should

read the terms carefully. These Conditions and rules

may be revised by announcement or verbal notifi cation

without prior notice.

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The following pages are designed to give you useful

information on how to bid at auctions. Poly Auction (Hong

Kong)'s staff as listed at the front of this catalogue will

be happy to assist you. However, it is important that you

read the following information carefully and note that

Poly Auction (Hong Kong) acts for the seller.

展品之出處

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PROVENANCE

In certain circumstances, Poly Auction (Hong Kong) may

print in the catalogue the history of ownership of a work

of art if such information contributes to scholarship or

is otherwise well known and assists in distinguishing

the work of art. However, the identity of the seller or

previous owners may not be disclosed for a variety of

reasons. For example, such information may be excluded

to accommodate a seller's request for confi dentiality or

because the identity of prior owners is unknown given

the age of the work of art.

買家支付之佣金

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?> =<20%;:§

BUYER'S PREMIUM

A buyer's premium will be added to the Hammer Price

and is payable by the buyer as part of the total purchase

price. ﬔ e buyer's premium is 20% of the hammer price

of each Lot up.

拍賣品之狀況

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CONDITIONS OF THE PROPERTIES

Bidder must review the Lot(s) in the preview before the

auction, and bear all responsibilities (including but not

limited to legal liability and/or responsibility) of their

bidding acts. For more information on the Properties,

please consult our business staff . If the conditions of a

Property are not described in the catalogue, this does

not mean that the Property has no weakness or defects.

受限制物料

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RESTRICTED MATERIALS

Properties with a ▲ symbol have been identified

to be made of or containing restricted materials at

the time of the compiling of the catalogue, and the

materials concerned may be subject to import and

export restraints. Properties without this symbol it is not

guaranteed that Properties are not subject to import

and export restraints. For items made of botanic or

animal materials (coral, crocodile, ivory, whalebone,

tortoise, rhinoceros horn and Brazilian Rosewood, etc.)

or containing botanic or animal materials, regardless

of their year or value, may require an application for

permits or certificates before exporting outside Hong

Kong, and other application for permits or certificates

may be required when importing into countries outside

Hong Kong. Please pay attention that the ability to obtain

export permits or certificates does not ensure that

import permits or certifi cates can be obtained in another

country and vice versa. For example, importing ivory

for fewer than 100 years is illegal in the USA. Bidders

should enquire about the import regulations on products

made of or containing wild animals and plants materials

of the governments concerned before participating in an

auction. Buyers must be responsible for obtaining any

export or import permits/or certificates and any other

documents required.

電器及機械貨品

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«‘ §¸ &½Á­Å€ˆ‚ƒ„…†‡ˆ

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ELECTRICAL APPLIANCES AND MECHANICAL

MERCHANDISES

All electrical appliances and mechanical merchandise

are sold on an "as is" basis, and should not be assumed

that they operate. Before putting into any use, electrical

appliances must be inspected and approved by qualifi ed

electric technicians.

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JEWELRY, WATCHES AND HANDBAGS

Description of the conditions of Jewelry Lot(s) usually

contained in the catalogue, however, absence of a

description does not imply that the Lot(s) is free from

defects or imperfection or beautification process.

Beautification processes of coloured gemstones, such

as heat enhancement, oiling or irradiation, etc, have

been generally accepted by the international jewellery

markets. If Poly Auction (Hong Kong) has obtained

gemological reports from internationally recognized

gemological laboratories for the Lot(s), all known

important facts and conditions of the Lot(s) have

contained in the catalogue, our Company assumes no

responsibility for the accuracy of the reports. It may

not be feasible for Poly Auction (Hong Kong) to obtain

laboratory reports for all Lot(s), the estimates are based

on all known information at the moment. Bidders must

inspect conditions of the Lot(s) by themselves before

the auction. Any dissent about conditions of the Lot(s)

after the bid shall not justify rescission or cancellation

of a sale or any delayed payment. If bidders request a

designated laboratory report for any Lot(s), such request

should be raised out 14 workings days before the auction

and at their own cost. Bidders should also be aware

that Lot(s) containing jadeite or gemstones originating

from Burma may not be allowed to be imported into the

U.S.. This will not constitute a ground for rescission or

cancellation of a sale or any delayed payment.

Lot(s) of clocks and watches in the catalogue will

be sold at current status (i.e. as is). Bidders should

personally inspect the conditions of the Lot(s) before

the auction. Descriptions of the Lot(s) in the catalogue

are for reference only. The absence of a description

does not imply that the Lot(s) is in good condition, free

from defects or restorations. Descriptions only reflect

subjective opinions of experts of Poly Auction (Hong

Kong), it is not a statement of facts, nor a complete

record of all repairs, component replacements or

restorations. Poly Auction (Hong Kong) makes no

guarantee on operation, water-resistance, authenticity

and originality of individual parts (including watchstrap)

of the Lot(s). In addition, bidders should be aware of the

import restrictions of the U.S. concerning luxury watches.

Where the tone, colour, graduation shape or any

other feature of the Lot shown in the catalogue and/

or any other illustrations, images and public materials

differ from those of the original Lot due to printing,

photography or other technical reasons, the original Lot

shall take precedence. Any introduction and appraisal of

any Lot made by the Company and its employees or its

agents in any way (including the certificate, catalogue,

slideshow and news media) are only opinions for

reference and do not constitute any guarantee for the

Lot. The Company and its employees or agents shall

undertake no liability for any inaccuracy or omission in

the aforesaid introduction or appraisal.

Condition reports and grades are provided free of charge

as a convenience to our buyers and are for guidance

only. They are not an alternative for examining a lot in

person or taking your own professional advice from

Specialists. Bidders must inspect the conditions of the

Lot (s) by themselves before the auction. Any dissent

about conditions of the Lot (s) after the bid shall not

justify rescission or cancellation of a sale or any delay in

payment. ﬔ e condition of lots sold in our auctions can

vary widely due to factors such as age, previous damage,

restoration, repair and wear tear. ﬔ e grading of watches

is based on the general condition, quality, technical and

historical interest, age and rarity of each timepiece.

Lots are sold "as is," in the condition they are in at the

time of the sale, without any representation or warranty

as to condition by Poly Auction (Hong Kong) or by the

seller. ﬔ e buyers acknowledge and agree that any sale

is entirely the buyers' decision, and the buyers have

not relied upon any representation or other information

(whether oral or written) by Poly Auction (Hong Kong) or

by the seller.

Condition Grades of Watches

Grading 1: As new. ﬔ e timepiece appears with neither

signs of use nor ownership over time. ﬔ e movement is

in working order when cataloguing.

Grading 1.5: In excellent condition. The timepiece

appears with extremely slight signs of ownership over

time. It may exhibit very slight hairline scratches on the

case but no obvious signs of use. The movement is in

working order when cataloguing.

Grading 2: In very good condition. ﬔ e timepiece appears

with slight signs of use over time. It may exhibit slight

scratches on the case. ﬔ e movement is in working order

when cataloguing.

Grading 2.5: In good condition. The timepiece appears

with obvious signs of use and scratches on the case. ﬔ e

movement is in working order when cataloguing.

Grading 3: In fair condition. The timepiece appears

with very obvious signs of use and scratches/defects.

Maintenance may be required.

For more details, please refer to the Condition Report for

each Lot.

Condition Grades of Handbags

Grading 1: As new. Appears never to have been used. It

exhibits no signs of wear.

Grading 1.5: In mint condition; virtually new and unused

with very minor signs of ownership over time.

Grading 2: In pristine condition. To the untrained eye, it

may appear brand new. ﬔ ere may be a slight condition

note, but overall the piece is in excellent condition.

Grading 3: In excellent condition. ﬔ is is a piece that has

seldom been used and shows little to no wear. ﬔ ere may

be small condition issues to note overall the piece is in

excellent condition.

Grading 4: In very good condition. ﬔ is piece may show

signs of light wear. It is in very good condition but the

corners may show signs of light scuffi ng, the base may

show light scratches, and the hardware may exhibit light

marks.

Grading 5: In good condition. ﬔ is piece shows signifi cant

wear. ﬔ ere are condition issues that will be noted in the

condition report.

酒類及茶葉

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ALCOHOL AND TEA

The descriptions about the auction of alcohol and

tea are being stated in the catalogue. Our Company

reminds bidders to learn more about the auctioned

products before bidding. Bidder's participation in

bidding at auction is deemed as the bidder's approval

and acceptance of the package, quality and status of

the auctioned items. Any different opinion formed by

the bidders aft er successful bidding, will not constitute

a valid reason to withdraw or cancel the bid and

delay payment for the auctioned item. Buyers should

cautiously inspect the auctioned item during collection.

Upon acknowledging receipt of the auctioned item by

the buyer (or his agent), the buyer confirms that he or

she has accepted the state and quality including but

not limited to any defect or fl aw on, e.g. the packaging,

labels, level of wear and tear, cork, etc., of the auctioned

items without any objection.

語言文本

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¨—¶¶ ʶ

˜Ë§

LANGUAGE

The Chinese version of the Conditions of Business,

Important Notice, Explanation of Cataloguing Practice,

Important Notice about Bidding Registration, Important

Notice about Payment, Important Notice about

Storage Collection Shipping and Export and all other

documents such as the terms, conditions, notices, forms

etc. contained in this catalogue, announced by the

auctioneer or provided at the saleroom as well as the

descriptions of the Properties in this catalogue of our

Company shall be binding and the English version is for

reference only.

版權

 §8‚  %z«—³

&½®¯, &½Æ>•–t

•–w&

½®¯"Á§

COPYRIGHT

ﬔ e copyright of this catalogue belongs to our Company.

Without the written permission of our Company, no parts

of this catalogue shall be reproduced in any way or used

in any other way.

解釋權

­€‚ƒ„„yLÈÔ# 9A„š

›z§ˆ‰„…€†‡ˆ‰„‹ŒŽ‘’“”ˆ‰

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RIGHT OF INTERPRETATION

ﬔ e right of interpretation in respect of the Conditions of

Business, Important Notice, Explanation of Cataloguing

Practice, Important Notice about Bidding Registration,

Important Notice about Payment, Important Notice

about Storage Collection Shipping and Export and all

other documents such as the terms, conditions, notices,

forms, etc. contained in this catalogue, announced by

the auctioneer or provided at the salesroom, shall be

exercised by our Company.



IMPORTANT NOTICES





   ­

€‚ƒ„„…€†‡ˆ‰Š‹ŒŽ‘’“

”ˆ‰•–—˜™š›œˆžŸ¡¢£¤

¥¦§¨©­€‚ƒŠ‚ª«

”¬‰®¯

•–°±—²³´µ–‰§

The auctions held by Poly Auction (Hong Kong) Limited

("Poly Auction (Hong Kong)"or"our company") are

conducted according to the Conditions of Business,

Important Notices, Important Notices about Bidding

Registration, Important Notice about Payment and

Important Notice about Storage Collection Shipping and

Export, and anyone participating in the auction should

read the terms carefully. These Conditions and rules

may be revised by announcement or verbal notifi cation

without prior notice.

¶·¸¹¤º»¼½¸¾¿š› ÀÁÂ

Ã§Ä ÅÆǐȠÉÊËÌÍÎ

Ϻ§Ð²—º€ˆÑ¡ÈÂ×£ˆÒÍ

ÓÔ ÕÖ§

The following pages are designed to give you useful

information on how to bid at auctions. Poly Auction (Hong

Kong)'s staff as listed at the front of this catalogue will

be happy to assist you. However, it is important that you

read the following information carefully and note that

Poly Auction (Hong Kong) acts for the seller.

展品之出處

¸×ØÙÚ—Û܋“Ý ÂÃÞßàáâ

ã

œäåæçÎÏèé¨Ü‹—¾¸ê

ëì»Âçíîijïðñ—Ô

¿òóô õ

Ç

³¾ö÷ø—¼ùúÔûËõÇü

ù܋

ýÕþÿ~¿òóô õdzѩ§

PROVENANCE

In certain circumstances, Poly Auction (Hong Kong) may

print in the catalogue the history of ownership of a work

of art if such information contributes to scholarship or

is otherwise well known and assists in distinguishing

the work of art. However, the identity of the seller or

previous owners may not be disclosed for a variety of

reasons. For example, such information may be excluded

to accommodate a seller's request for confi dentiality or

because the identity of prior owners is unknown given

the age of the work of art.

買家支付之佣金

}|ú{† [\\ §[\\]^_‹`@á 

?> =<20%;:§

BUYER'S PREMIUM

A buyer's premium will be added to the Hammer Price

and is payable by the buyer as part of the total purchase

price. ﬔ e buyer's premium is 20% of the hammer price

of each Lot up.

拍賣品之狀況

š›œúÄÅ /܏.-‹—£,+*š

›–

)('&%$í³Ä#"'&§¼!•0

123‹Â×45­€œÊ67§¼89

A‹ Bڗ³ÖC¨‹DEF

GH§

CONDITIONS OF THE PROPERTIES

Bidder must review the Lot(s) in the preview before the

auction, and bear all responsibilities (including but not

limited to legal liability and/or responsibility) of their

bidding acts. For more information on the Properties,

please consult our business staff . If the conditions of a

Property are not described in the catalogue, this does

not mean that the Property has no weakness or defects.

受限制物料

▲JK ‹ÄLMNOPQé

RS

Móײ»óëçST•“” M§»Â

Ã

ÔUš›œV¡—²W¨JK£XY¨

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Y Ô«“”—æñ

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Y §€4

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V »

óZ󕔠‚ª ˜š›§

}|ˆ'&½“”

•”z«Y

Y —Š&

½w´¶_§

RESTRICTED MATERIALS

Properties with a ▲ symbol have been identified

to be made of or containing restricted materials at

the time of the compiling of the catalogue, and the

materials concerned may be subject to import and

export restraints. Properties without this symbol it is not

guaranteed that Properties are not subject to import

and export restraints. For items made of botanic or

animal materials (coral, crocodile, ivory, whalebone,

tortoise, rhinoceros horn and Brazilian Rosewood, etc.)

or containing botanic or animal materials, regardless

of their year or value, may require an application for

permits or certificates before exporting outside Hong

Kong, and other application for permits or certificates

may be required when importing into countries outside

Hong Kong. Please pay attention that the ability to obtain

export permits or certificates does not ensure that

import permits or certifi cates can be obtained in another

country and vice versa. For example, importing ivory

for fewer than 100 years is illegal in the USA. Bidders

should enquire about the import regulations on products

made of or containing wild animals and plants materials

of the governments concerned before participating in an

auction. Buyers must be responsible for obtaining any

export or import permits/or certificates and any other

documents required.

電器及機械貨品

Š‹]wáⓏ—³úw

«‘ §¸ &½Á­Å€ˆ‚ƒ„…†‡ˆ

‰Š §

ELECTRICAL APPLIANCES AND MECHANICAL

MERCHANDISES

All electrical appliances and mechanical merchandise

are sold on an "as is" basis, and should not be assumed

that they operate. Before putting into any use, electrical

appliances must be inspected and approved by qualifi ed

electric technicians.

珠寶、鐘錶及手袋尚品

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JEWELRY, WATCHES AND HANDBAGS

Description of the conditions of Jewelry Lot(s) usually

contained in the catalogue, however, absence of a

description does not imply that the Lot(s) is free from

defects or imperfection or beautification process.

Beautification processes of coloured gemstones, such

as heat enhancement, oiling or irradiation, etc, have

been generally accepted by the international jewellery

markets. If Poly Auction (Hong Kong) has obtained

gemological reports from internationally recognized

gemological laboratories for the Lot(s), all known

important facts and conditions of the Lot(s) have

contained in the catalogue, our Company assumes no

responsibility for the accuracy of the reports. It may

not be feasible for Poly Auction (Hong Kong) to obtain

laboratory reports for all Lot(s), the estimates are based

on all known information at the moment. Bidders must

inspect conditions of the Lot(s) by themselves before

the auction. Any dissent about conditions of the Lot(s)

after the bid shall not justify rescission or cancellation

of a sale or any delayed payment. If bidders request a

designated laboratory report for any Lot(s), such request

should be raised out 14 workings days before the auction

and at their own cost. Bidders should also be aware

that Lot(s) containing jadeite or gemstones originating

from Burma may not be allowed to be imported into the

U.S.. This will not constitute a ground for rescission or

cancellation of a sale or any delayed payment.

Lot(s) of clocks and watches in the catalogue will

be sold at current status (i.e. as is). Bidders should

personally inspect the conditions of the Lot(s) before

the auction. Descriptions of the Lot(s) in the catalogue

are for reference only. The absence of a description

does not imply that the Lot(s) is in good condition, free

from defects or restorations. Descriptions only reflect

subjective opinions of experts of Poly Auction (Hong

Kong), it is not a statement of facts, nor a complete

record of all repairs, component replacements or

restorations. Poly Auction (Hong Kong) makes no

guarantee on operation, water-resistance, authenticity

and originality of individual parts (including watchstrap)

of the Lot(s). In addition, bidders should be aware of the

import restrictions of the U.S. concerning luxury watches.

Where the tone, colour, graduation shape or any

other feature of the Lot shown in the catalogue and/

or any other illustrations, images and public materials

differ from those of the original Lot due to printing,

photography or other technical reasons, the original Lot

shall take precedence. Any introduction and appraisal of

any Lot made by the Company and its employees or its

agents in any way (including the certificate, catalogue,

slideshow and news media) are only opinions for

reference and do not constitute any guarantee for the

Lot. The Company and its employees or agents shall

undertake no liability for any inaccuracy or omission in

the aforesaid introduction or appraisal.

Condition reports and grades are provided free of charge

as a convenience to our buyers and are for guidance

only. They are not an alternative for examining a lot in

person or taking your own professional advice from

Specialists. Bidders must inspect the conditions of the

Lot (s) by themselves before the auction. Any dissent

about conditions of the Lot (s) after the bid shall not

justify rescission or cancellation of a sale or any delay in

payment. ﬔ e condition of lots sold in our auctions can

vary widely due to factors such as age, previous damage,

restoration, repair and wear tear. ﬔ e grading of watches

is based on the general condition, quality, technical and

historical interest, age and rarity of each timepiece.

Lots are sold "as is," in the condition they are in at the

time of the sale, without any representation or warranty

as to condition by Poly Auction (Hong Kong) or by the

seller. ﬔ e buyers acknowledge and agree that any sale

is entirely the buyers' decision, and the buyers have

not relied upon any representation or other information

(whether oral or written) by Poly Auction (Hong Kong) or

by the seller.

Condition Grades of Watches

Grading 1: As new. ﬔ e timepiece appears with neither

signs of use nor ownership over time. ﬔ e movement is

in working order when cataloguing.

Grading 1.5: In excellent condition. The timepiece

appears with extremely slight signs of ownership over

time. It may exhibit very slight hairline scratches on the

case but no obvious signs of use. The movement is in

working order when cataloguing.

Grading 2: In very good condition. ﬔ e timepiece appears

with slight signs of use over time. It may exhibit slight

scratches on the case. ﬔ e movement is in working order

when cataloguing.

Grading 2.5: In good condition. The timepiece appears

with obvious signs of use and scratches on the case. ﬔ e

movement is in working order when cataloguing.

Grading 3: In fair condition. The timepiece appears

with very obvious signs of use and scratches/defects.

Maintenance may be required.

For more details, please refer to the Condition Report for

each Lot.

Condition Grades of Handbags

Grading 1: As new. Appears never to have been used. It

exhibits no signs of wear.

Grading 1.5: In mint condition; virtually new and unused

with very minor signs of ownership over time.

Grading 2: In pristine condition. To the untrained eye, it

may appear brand new. ﬔ ere may be a slight condition

note, but overall the piece is in excellent condition.

Grading 3: In excellent condition. ﬔ is is a piece that has

seldom been used and shows little to no wear. ﬔ ere may

be small condition issues to note overall the piece is in

excellent condition.

Grading 4: In very good condition. ﬔ is piece may show

signs of light wear. It is in very good condition but the

corners may show signs of light scuffi ng, the base may

show light scratches, and the hardware may exhibit light

marks.

Grading 5: In good condition. ﬔ is piece shows signifi cant

wear. ﬔ ere are condition issues that will be noted in the

condition report.

酒類及茶葉

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ALCOHOL AND TEA

The descriptions about the auction of alcohol and

tea are being stated in the catalogue. Our Company

reminds bidders to learn more about the auctioned

products before bidding. Bidder's participation in

bidding at auction is deemed as the bidder's approval

and acceptance of the package, quality and status of

the auctioned items. Any different opinion formed by

the bidders aft er successful bidding, will not constitute

a valid reason to withdraw or cancel the bid and

delay payment for the auctioned item. Buyers should

cautiously inspect the auctioned item during collection.

Upon acknowledging receipt of the auctioned item by

the buyer (or his agent), the buyer confirms that he or

she has accepted the state and quality including but

not limited to any defect or fl aw on, e.g. the packaging,

labels, level of wear and tear, cork, etc., of the auctioned

items without any objection.

語言文本

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LANGUAGE

The Chinese version of the Conditions of Business,

Important Notice, Explanation of Cataloguing Practice,

Important Notice about Bidding Registration, Important

Notice about Payment, Important Notice about

Storage Collection Shipping and Export and all other

documents such as the terms, conditions, notices, forms

etc. contained in this catalogue, announced by the

auctioneer or provided at the saleroom as well as the

descriptions of the Properties in this catalogue of our

Company shall be binding and the English version is for

reference only.

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COPYRIGHT

ﬔ e copyright of this catalogue belongs to our Company.

Without the written permission of our Company, no parts

of this catalogue shall be reproduced in any way or used

in any other way.

解釋權

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RIGHT OF INTERPRETATION

ﬔ e right of interpretation in respect of the Conditions of

Business, Important Notice, Explanation of Cataloguing

Practice, Important Notice about Bidding Registration,

Important Notice about Payment, Important Notice

about Storage Collection Shipping and Export and all

other documents such as the terms, conditions, notices,

forms, etc. contained in this catalogue, announced by

the auctioneer or provided at the salesroom, shall be

exercised by our Company.

第203页



IMPORTANT NOTICES





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The auctions held by Poly Auction (Hong Kong) Limited

("Poly Auction (Hong Kong)"or"our company") are

conducted according to the Conditions of Business,

Important Notices, Important Notices about Bidding

Registration, Important Notice about Payment and

Important Notice about Storage Collection Shipping and

Export, and anyone participating in the auction should

read the terms carefully. These Conditions and rules

may be revised by announcement or verbal notifi cation

without prior notice.

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The following pages are designed to give you useful

information on how to bid at auctions. Poly Auction (Hong

Kong)'s staff as listed at the front of this catalogue will

be happy to assist you. However, it is important that you

read the following information carefully and note that

Poly Auction (Hong Kong) acts for the seller.

展品之出處

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PROVENANCE

In certain circumstances, Poly Auction (Hong Kong) may

print in the catalogue the history of ownership of a work

of art if such information contributes to scholarship or

is otherwise well known and assists in distinguishing

the work of art. However, the identity of the seller or

previous owners may not be disclosed for a variety of

reasons. For example, such information may be excluded

to accommodate a seller's request for confi dentiality or

because the identity of prior owners is unknown given

the age of the work of art.

買家支付之佣金

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BUYER'S PREMIUM

A buyer's premium will be added to the Hammer Price

and is payable by the buyer as part of the total purchase

price. ﬔ e buyer's premium is 20% of the hammer price

of each Lot up.

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CONDITIONS OF THE PROPERTIES

Bidder must review the Lot(s) in the preview before the

auction, and bear all responsibilities (including but not

limited to legal liability and/or responsibility) of their

bidding acts. For more information on the Properties,

please consult our business staff . If the conditions of a

Property are not described in the catalogue, this does

not mean that the Property has no weakness or defects.

受限制物料

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RESTRICTED MATERIALS

Properties with a ▲ symbol have been identified

to be made of or containing restricted materials at

the time of the compiling of the catalogue, and the

materials concerned may be subject to import and

export restraints. Properties without this symbol it is not

guaranteed that Properties are not subject to import

and export restraints. For items made of botanic or

animal materials (coral, crocodile, ivory, whalebone,

tortoise, rhinoceros horn and Brazilian Rosewood, etc.)

or containing botanic or animal materials, regardless

of their year or value, may require an application for

permits or certificates before exporting outside Hong

Kong, and other application for permits or certificates

may be required when importing into countries outside

Hong Kong. Please pay attention that the ability to obtain

export permits or certificates does not ensure that

import permits or certifi cates can be obtained in another

country and vice versa. For example, importing ivory

for fewer than 100 years is illegal in the USA. Bidders

should enquire about the import regulations on products

made of or containing wild animals and plants materials

of the governments concerned before participating in an

auction. Buyers must be responsible for obtaining any

export or import permits/or certificates and any other

documents required.

電器及機械貨品

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ELECTRICAL APPLIANCES AND MECHANICAL

MERCHANDISES

All electrical appliances and mechanical merchandise

are sold on an "as is" basis, and should not be assumed

that they operate. Before putting into any use, electrical

appliances must be inspected and approved by qualifi ed

electric technicians.

珠寶、鐘錶及手袋尚品

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JEWELRY, WATCHES AND HANDBAGS

Description of the conditions of Jewelry Lot(s) usually

contained in the catalogue, however, absence of a

description does not imply that the Lot(s) is free from

defects or imperfection or beautification process.

Beautification processes of coloured gemstones, such

as heat enhancement, oiling or irradiation, etc, have

been generally accepted by the international jewellery

markets. If Poly Auction (Hong Kong) has obtained

gemological reports from internationally recognized

gemological laboratories for the Lot(s), all known

important facts and conditions of the Lot(s) have

contained in the catalogue, our Company assumes no

responsibility for the accuracy of the reports. It may

not be feasible for Poly Auction (Hong Kong) to obtain

laboratory reports for all Lot(s), the estimates are based

on all known information at the moment. Bidders must

inspect conditions of the Lot(s) by themselves before

the auction. Any dissent about conditions of the Lot(s)

after the bid shall not justify rescission or cancellation

of a sale or any delayed payment. If bidders request a

designated laboratory report for any Lot(s), such request

should be raised out 14 workings days before the auction

and at their own cost. Bidders should also be aware

that Lot(s) containing jadeite or gemstones originating

from Burma may not be allowed to be imported into the

U.S.. This will not constitute a ground for rescission or

cancellation of a sale or any delayed payment.

Lot(s) of clocks and watches in the catalogue will

be sold at current status (i.e. as is). Bidders should

personally inspect the conditions of the Lot(s) before

the auction. Descriptions of the Lot(s) in the catalogue

are for reference only. The absence of a description

does not imply that the Lot(s) is in good condition, free

from defects or restorations. Descriptions only reflect

subjective opinions of experts of Poly Auction (Hong

Kong), it is not a statement of facts, nor a complete

record of all repairs, component replacements or

restorations. Poly Auction (Hong Kong) makes no

guarantee on operation, water-resistance, authenticity

and originality of individual parts (including watchstrap)

of the Lot(s). In addition, bidders should be aware of the

import restrictions of the U.S. concerning luxury watches.

Where the tone, colour, graduation shape or any

other feature of the Lot shown in the catalogue and/

or any other illustrations, images and public materials

differ from those of the original Lot due to printing,

photography or other technical reasons, the original Lot

shall take precedence. Any introduction and appraisal of

any Lot made by the Company and its employees or its

agents in any way (including the certificate, catalogue,

slideshow and news media) are only opinions for

reference and do not constitute any guarantee for the

Lot. The Company and its employees or agents shall

undertake no liability for any inaccuracy or omission in

the aforesaid introduction or appraisal.

Condition reports and grades are provided free of charge

as a convenience to our buyers and are for guidance

only. They are not an alternative for examining a lot in

person or taking your own professional advice from

Specialists. Bidders must inspect the conditions of the

Lot (s) by themselves before the auction. Any dissent

about conditions of the Lot (s) after the bid shall not

justify rescission or cancellation of a sale or any delay in

payment. ﬔ e condition of lots sold in our auctions can

vary widely due to factors such as age, previous damage,

restoration, repair and wear tear. ﬔ e grading of watches

is based on the general condition, quality, technical and

historical interest, age and rarity of each timepiece.

Lots are sold "as is," in the condition they are in at the

time of the sale, without any representation or warranty

as to condition by Poly Auction (Hong Kong) or by the

seller. ﬔ e buyers acknowledge and agree that any sale

is entirely the buyers' decision, and the buyers have

not relied upon any representation or other information

(whether oral or written) by Poly Auction (Hong Kong) or

by the seller.

Condition Grades of Watches

Grading 1: As new. ﬔ e timepiece appears with neither

signs of use nor ownership over time. ﬔ e movement is

in working order when cataloguing.

Grading 1.5: In excellent condition. The timepiece

appears with extremely slight signs of ownership over

time. It may exhibit very slight hairline scratches on the

case but no obvious signs of use. The movement is in

working order when cataloguing.

Grading 2: In very good condition. ﬔ e timepiece appears

with slight signs of use over time. It may exhibit slight

scratches on the case. ﬔ e movement is in working order

when cataloguing.

Grading 2.5: In good condition. The timepiece appears

with obvious signs of use and scratches on the case. ﬔ e

movement is in working order when cataloguing.

Grading 3: In fair condition. The timepiece appears

with very obvious signs of use and scratches/defects.

Maintenance may be required.

For more details, please refer to the Condition Report for

each Lot.

Condition Grades of Handbags

Grading 1: As new. Appears never to have been used. It

exhibits no signs of wear.

Grading 1.5: In mint condition; virtually new and unused

with very minor signs of ownership over time.

Grading 2: In pristine condition. To the untrained eye, it

may appear brand new. ﬔ ere may be a slight condition

note, but overall the piece is in excellent condition.

Grading 3: In excellent condition. ﬔ is is a piece that has

seldom been used and shows little to no wear. ﬔ ere may

be small condition issues to note overall the piece is in

excellent condition.

Grading 4: In very good condition. ﬔ is piece may show

signs of light wear. It is in very good condition but the

corners may show signs of light scuffi ng, the base may

show light scratches, and the hardware may exhibit light

marks.

Grading 5: In good condition. ﬔ is piece shows signifi cant

wear. ﬔ ere are condition issues that will be noted in the

condition report.

酒類及茶葉

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ALCOHOL AND TEA

The descriptions about the auction of alcohol and

tea are being stated in the catalogue. Our Company

reminds bidders to learn more about the auctioned

products before bidding. Bidder's participation in

bidding at auction is deemed as the bidder's approval

and acceptance of the package, quality and status of

the auctioned items. Any different opinion formed by

the bidders aft er successful bidding, will not constitute

a valid reason to withdraw or cancel the bid and

delay payment for the auctioned item. Buyers should

cautiously inspect the auctioned item during collection.

Upon acknowledging receipt of the auctioned item by

the buyer (or his agent), the buyer confirms that he or

she has accepted the state and quality including but

not limited to any defect or fl aw on, e.g. the packaging,

labels, level of wear and tear, cork, etc., of the auctioned

items without any objection.

語言文本

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LANGUAGE

The Chinese version of the Conditions of Business,

Important Notice, Explanation of Cataloguing Practice,

Important Notice about Bidding Registration, Important

Notice about Payment, Important Notice about

Storage Collection Shipping and Export and all other

documents such as the terms, conditions, notices, forms

etc. contained in this catalogue, announced by the

auctioneer or provided at the saleroom as well as the

descriptions of the Properties in this catalogue of our

Company shall be binding and the English version is for

reference only.

版權

 §8‚  %z«—³

&½®¯, &½Æ>•–t

•–w&

½®¯"Á§

COPYRIGHT

ﬔ e copyright of this catalogue belongs to our Company.

Without the written permission of our Company, no parts

of this catalogue shall be reproduced in any way or used

in any other way.

解釋權

­€‚ƒ„„yLÈÔ# 9A„š

›z§ˆ‰„…€†‡ˆ‰„‹ŒŽ‘’“”ˆ‰

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RIGHT OF INTERPRETATION

ﬔ e right of interpretation in respect of the Conditions of

Business, Important Notice, Explanation of Cataloguing

Practice, Important Notice about Bidding Registration,

Important Notice about Payment, Important Notice

about Storage Collection Shipping and Export and all

other documents such as the terms, conditions, notices,

forms, etc. contained in this catalogue, announced by

the auctioneer or provided at the salesroom, shall be

exercised by our Company.



IMPORTANT NOTICES





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The auctions held by Poly Auction (Hong Kong) Limited

("Poly Auction (Hong Kong)"or"our company") are

conducted according to the Conditions of Business,

Important Notices, Important Notices about Bidding

Registration, Important Notice about Payment and

Important Notice about Storage Collection Shipping and

Export, and anyone participating in the auction should

read the terms carefully. These Conditions and rules

may be revised by announcement or verbal notifi cation

without prior notice.

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The following pages are designed to give you useful

information on how to bid at auctions. Poly Auction (Hong

Kong)'s staff as listed at the front of this catalogue will

be happy to assist you. However, it is important that you

read the following information carefully and note that

Poly Auction (Hong Kong) acts for the seller.

展品之出處

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PROVENANCE

In certain circumstances, Poly Auction (Hong Kong) may

print in the catalogue the history of ownership of a work

of art if such information contributes to scholarship or

is otherwise well known and assists in distinguishing

the work of art. However, the identity of the seller or

previous owners may not be disclosed for a variety of

reasons. For example, such information may be excluded

to accommodate a seller's request for confi dentiality or

because the identity of prior owners is unknown given

the age of the work of art.

買家支付之佣金

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BUYER'S PREMIUM

A buyer's premium will be added to the Hammer Price

and is payable by the buyer as part of the total purchase

price. ﬔ e buyer's premium is 20% of the hammer price

of each Lot up.

拍賣品之狀況

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CONDITIONS OF THE PROPERTIES

Bidder must review the Lot(s) in the preview before the

auction, and bear all responsibilities (including but not

limited to legal liability and/or responsibility) of their

bidding acts. For more information on the Properties,

please consult our business staff . If the conditions of a

Property are not described in the catalogue, this does

not mean that the Property has no weakness or defects.

受限制物料

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RESTRICTED MATERIALS

Properties with a ▲ symbol have been identified

to be made of or containing restricted materials at

the time of the compiling of the catalogue, and the

materials concerned may be subject to import and

export restraints. Properties without this symbol it is not

guaranteed that Properties are not subject to import

and export restraints. For items made of botanic or

animal materials (coral, crocodile, ivory, whalebone,

tortoise, rhinoceros horn and Brazilian Rosewood, etc.)

or containing botanic or animal materials, regardless

of their year or value, may require an application for

permits or certificates before exporting outside Hong

Kong, and other application for permits or certificates

may be required when importing into countries outside

Hong Kong. Please pay attention that the ability to obtain

export permits or certificates does not ensure that

import permits or certifi cates can be obtained in another

country and vice versa. For example, importing ivory

for fewer than 100 years is illegal in the USA. Bidders

should enquire about the import regulations on products

made of or containing wild animals and plants materials

of the governments concerned before participating in an

auction. Buyers must be responsible for obtaining any

export or import permits/or certificates and any other

documents required.

電器及機械貨品

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ELECTRICAL APPLIANCES AND MECHANICAL

MERCHANDISES

All electrical appliances and mechanical merchandise

are sold on an "as is" basis, and should not be assumed

that they operate. Before putting into any use, electrical

appliances must be inspected and approved by qualifi ed

electric technicians.

珠寶、鐘錶及手袋尚品

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JEWELRY, WATCHES AND HANDBAGS

Description of the conditions of Jewelry Lot(s) usually

contained in the catalogue, however, absence of a

description does not imply that the Lot(s) is free from

defects or imperfection or beautification process.

Beautification processes of coloured gemstones, such

as heat enhancement, oiling or irradiation, etc, have

been generally accepted by the international jewellery

markets. If Poly Auction (Hong Kong) has obtained

gemological reports from internationally recognized

gemological laboratories for the Lot(s), all known

important facts and conditions of the Lot(s) have

contained in the catalogue, our Company assumes no

responsibility for the accuracy of the reports. It may

not be feasible for Poly Auction (Hong Kong) to obtain

laboratory reports for all Lot(s), the estimates are based

on all known information at the moment. Bidders must

inspect conditions of the Lot(s) by themselves before

the auction. Any dissent about conditions of the Lot(s)

after the bid shall not justify rescission or cancellation

of a sale or any delayed payment. If bidders request a

designated laboratory report for any Lot(s), such request

should be raised out 14 workings days before the auction

and at their own cost. Bidders should also be aware

that Lot(s) containing jadeite or gemstones originating

from Burma may not be allowed to be imported into the

U.S.. This will not constitute a ground for rescission or

cancellation of a sale or any delayed payment.

Lot(s) of clocks and watches in the catalogue will

be sold at current status (i.e. as is). Bidders should

personally inspect the conditions of the Lot(s) before

the auction. Descriptions of the Lot(s) in the catalogue

are for reference only. The absence of a description

does not imply that the Lot(s) is in good condition, free

from defects or restorations. Descriptions only reflect

subjective opinions of experts of Poly Auction (Hong

Kong), it is not a statement of facts, nor a complete

record of all repairs, component replacements or

restorations. Poly Auction (Hong Kong) makes no

guarantee on operation, water-resistance, authenticity

and originality of individual parts (including watchstrap)

of the Lot(s). In addition, bidders should be aware of the

import restrictions of the U.S. concerning luxury watches.

Where the tone, colour, graduation shape or any

other feature of the Lot shown in the catalogue and/

or any other illustrations, images and public materials

differ from those of the original Lot due to printing,

photography or other technical reasons, the original Lot

shall take precedence. Any introduction and appraisal of

any Lot made by the Company and its employees or its

agents in any way (including the certificate, catalogue,

slideshow and news media) are only opinions for

reference and do not constitute any guarantee for the

Lot. The Company and its employees or agents shall

undertake no liability for any inaccuracy or omission in

the aforesaid introduction or appraisal.

Condition reports and grades are provided free of charge

as a convenience to our buyers and are for guidance

only. They are not an alternative for examining a lot in

person or taking your own professional advice from

Specialists. Bidders must inspect the conditions of the

Lot (s) by themselves before the auction. Any dissent

about conditions of the Lot (s) after the bid shall not

justify rescission or cancellation of a sale or any delay in

payment. ﬔ e condition of lots sold in our auctions can

vary widely due to factors such as age, previous damage,

restoration, repair and wear tear. ﬔ e grading of watches

is based on the general condition, quality, technical and

historical interest, age and rarity of each timepiece.

Lots are sold "as is," in the condition they are in at the

time of the sale, without any representation or warranty

as to condition by Poly Auction (Hong Kong) or by the

seller. ﬔ e buyers acknowledge and agree that any sale

is entirely the buyers' decision, and the buyers have

not relied upon any representation or other information

(whether oral or written) by Poly Auction (Hong Kong) or

by the seller.

Condition Grades of Watches

Grading 1: As new. ﬔ e timepiece appears with neither

signs of use nor ownership over time. ﬔ e movement is

in working order when cataloguing.

Grading 1.5: In excellent condition. The timepiece

appears with extremely slight signs of ownership over

time. It may exhibit very slight hairline scratches on the

case but no obvious signs of use. The movement is in

working order when cataloguing.

Grading 2: In very good condition. ﬔ e timepiece appears

with slight signs of use over time. It may exhibit slight

scratches on the case. ﬔ e movement is in working order

when cataloguing.

Grading 2.5: In good condition. The timepiece appears

with obvious signs of use and scratches on the case. ﬔ e

movement is in working order when cataloguing.

Grading 3: In fair condition. The timepiece appears

with very obvious signs of use and scratches/defects.

Maintenance may be required.

For more details, please refer to the Condition Report for

each Lot.

Condition Grades of Handbags

Grading 1: As new. Appears never to have been used. It

exhibits no signs of wear.

Grading 1.5: In mint condition; virtually new and unused

with very minor signs of ownership over time.

Grading 2: In pristine condition. To the untrained eye, it

may appear brand new. ﬔ ere may be a slight condition

note, but overall the piece is in excellent condition.

Grading 3: In excellent condition. ﬔ is is a piece that has

seldom been used and shows little to no wear. ﬔ ere may

be small condition issues to note overall the piece is in

excellent condition.

Grading 4: In very good condition. ﬔ is piece may show

signs of light wear. It is in very good condition but the

corners may show signs of light scuffi ng, the base may

show light scratches, and the hardware may exhibit light

marks.

Grading 5: In good condition. ﬔ is piece shows signifi cant

wear. ﬔ ere are condition issues that will be noted in the

condition report.

酒類及茶葉

»ã‹ghŠij‹‘’PÈā¿— 

Œkš›œú¸š›Åџl3‹§š›œ¸c

Ÿ˜š›m

š›œ¤«££Sš›‹ %

„‹<„B𩗚›œš›un ,‹®³ï

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pN —ÖCP£S‹ Bڊ<q—%$í³

Ä‹%r„st„uÎq„gv¿©Ž¸EF

GH—æWwx§

ALCOHOL AND TEA

The descriptions about the auction of alcohol and

tea are being stated in the catalogue. Our Company

reminds bidders to learn more about the auctioned

products before bidding. Bidder's participation in

bidding at auction is deemed as the bidder's approval

and acceptance of the package, quality and status of

the auctioned items. Any different opinion formed by

the bidders aft er successful bidding, will not constitute

a valid reason to withdraw or cancel the bid and

delay payment for the auctioned item. Buyers should

cautiously inspect the auctioned item during collection.

Upon acknowledging receipt of the auctioned item by

the buyer (or his agent), the buyer confirms that he or

she has accepted the state and quality including but

not limited to any defect or fl aw on, e.g. the packaging,

labels, level of wear and tear, cork, etc., of the auctioned

items without any objection.

語言文本

­€‚ƒ„„yLÈÔ# 9A„š

›z§ˆ‰„…€†‡‰„‹ŒŽ‘’“”ˆ‰

Š”ā„ñ 

ľŸ®¯Œ

¶ w‡„_„‰„Ö„©¶_Š 

‹ É’—¶¶

¨—¶¶ ʶ

˜Ë§

LANGUAGE

The Chinese version of the Conditions of Business,

Important Notice, Explanation of Cataloguing Practice,

Important Notice about Bidding Registration, Important

Notice about Payment, Important Notice about

Storage Collection Shipping and Export and all other

documents such as the terms, conditions, notices, forms

etc. contained in this catalogue, announced by the

auctioneer or provided at the saleroom as well as the

descriptions of the Properties in this catalogue of our

Company shall be binding and the English version is for

reference only.

版權

 §8‚  %z«—³

&½®¯, &½Æ>•–t

•–w&

½®¯"Á§

COPYRIGHT

ﬔ e copyright of this catalogue belongs to our Company.

Without the written permission of our Company, no parts

of this catalogue shall be reproduced in any way or used

in any other way.

解釋權

­€‚ƒ„„yLÈÔ# 9A„š

›z§ˆ‰„…€†‡ˆ‰„‹ŒŽ‘’“”ˆ‰

Š”ā„ñ 

ľŸ®¯Œ

¶ w‡„_„‰„Ö„©¶_3

ñ –"§

RIGHT OF INTERPRETATION

ﬔ e right of interpretation in respect of the Conditions of

Business, Important Notice, Explanation of Cataloguing

Practice, Important Notice about Bidding Registration,

Important Notice about Payment, Important Notice

about Storage Collection Shipping and Export and all

other documents such as the terms, conditions, notices,

forms, etc. contained in this catalogue, announced by

the auctioneer or provided at the salesroom, shall be

exercised by our Company.

第204页

yLÈÔ# 9A

EXPLANATION OF CATALOGUING PRACTICE

保利香港拍賣在受委託拍賣品中的權益

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POLY AUCTION (HONG KONG) INTEREST IN

PROPERTY CONSIGNED FOR AUCTION

From time to time, Poly Auction (Hong Kong) may offer a lot

which it owns in whole or in part. Such property is identified

in the catalogue with the symbol Δ next to the lot number.

On occasion, Poly Auction (Hong Kong) has a direct financial

interest in lots consigned for sale which may include

guaranteeing a minimum price or making an advance to

the consignor that is secured solely by consigned property.

Such property is identified in the catalogue by the symbol

□ next to the lot number. This symbol will be used both in

cases where Poly Auction (Hong Kong) holds the financial

interest on its own, and in cases where Poly Auction (Hong

Kong) has financed all or a part of such interest through a

third party. Such third parties generally benefit financially if

a guaranteed lot is sold successfully and may incur a loss

if the sale is not successful. The financing offered by a third

party may be in the form of an irrevocable bid provided by

that third party. Where Poly Auction (Hong Kong) has an

ownership or financial interest in every lot in the catalogue,

Poly Auction (Hong Kong) will not designate each lot with a □

symbol, but will state its interest at the front of the catalogue.

所有量度皆為約數及狀況報告

y¾¸|h ‹¼ì䋄 „

ghŠijɒŒŠBÚ¦§Äw

‹—ÈAÖ

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׋BÚ¥—4Ó|§BÚ¥Ó

5Œ¶0S€§¨}|úÒÍ

^S‹cB“—‹ɒ£³« Y§

ALL MEASUREMENTS ARE APPROXIMATES AND

CONDITION REPORTS

Poly Auction (Hong Kong) catalogues include references to

condition only in descriptions of multiple works (such as

prints, books, alcohol and tea). For all other properties, no

statement of the condition is made, and only alterations

or replacement components are listed. Please contact the

Specialist Department for a condition report on a particular

lot. Condition reports are provided as a service to interested

clients. Prospective buyers should note that descriptions of

property are not warranties and that each lot is sold on an

"as is" basis.

本目錄採用之貨幣兌換率

7.8  =1 

ysC Ù­ã=y†ìO Ù­

ª—«çN€ Ù­ò駚›ó4Ò͗

‹«áã|‚Ńª—£X0u³>—O«ç

¾ “íÖ§

CATALOGUE EXCHANGE RATE

HK$7.8 = US$1

The rate of exchange was established at the latest practical

date prior to the printing of the catalogue and may therefore

have changed by the time of the sale. Bidders should bear in

mind that estimates are prepared well in advance of the sale

and are not definitive. They are subject to revision.

目錄編列方法之說明

有關相片、圖畫、印刷品及微型書畫之規定

Ȅ…Ä y†͇§4ÒÍ y»

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, óõÇ

²U ‚9A§£Ð „… "Á—ÓîÄ.o¤¥

ŠÕÖÓ| Í¯—ŠœÄyê"Á

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©—£³)(Š£S&½–§„‡€

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EXPLANATION OF CATALOGUING PRACTICE

FOR PICTURES, DRAWINGS, PRINTS AND

MINIATURES

Terms used in this catalogue have the meanings ascribed to

them below. Please note that all statements in this catalogue

as to authorship are made subject to the provisions of the

Conditions of Business and Limited Warranty.

Buyers are advised to inspect the property themselves.

Written condition reports are usually available on request.

1. Name(s) or Recognized Designation of an Artist without

any Qualification in Poly Auction (Hong Kong)'s opinion a

work by the artist.

2. "Attributed to ..." in Poly Auction (Hong Kong)'s qualified

opinion is probably a work by the artist in whole or in part.

3. "Studio of ..." / "Workshop of ..." in Poly Auction (Hong

Kong)'s qualified opinion a work executed in the studio or

workshop of the artist, possibly under his supervision.

4. "Circle of ..." in Poly Auction (Hong Kong)'s qualified

opinion a work of the period of the artist and showing his

influence.

5. "Follower of ..." in Poly Auction (Hong Kong)'s qualified

opinion is a work executed in the artist's style but not

necessarily by a pupil.

6. "Manner of ..." in Poly Auction (Hong Kong)'s qualified

opinion is a work executed in the artist's style but of a later

date.

7. "After ..." in Poly Auction (Hong Kong)'s qualified opinion a

copy (of any date) of a work of the artist.

8. "Signed ..." / "Dated ..." / "Inscribed ..." in Poly Auction

(Hong Kong)'s qualified opinion the work has been signed/

dated/inscribed by the artist.

9. "With signature ..." / "With inscription..." / in Poly Auction

(Hong Kong)'s qualified opinion the signature/inscription

appears to be by a hand other than that of the artist.

10. "With date ..." in Poly Auction (Hong Kong)'s qualified

opinion, the date on the item was not executed on that date.

This term and its definition in this Explanation of Cataloguing

Practice are a qualified statement as to authorship. While the

use of this term is based upon careful study and represents

the opinion of specialists, Poly Auction (Hong Kong) and

the consignor assume no risk, liability and responsibility for

the authenticity of authorship of any lot in this catalogue

described by this term, and the Limited Warranty shall not be

available with respect to lots described using this term.

­€‚ƒ

第一章 總則

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EXPLANATION OF CATALOGUING PRACTICE

保利香港拍賣在受委託拍賣品中的權益

«ç³OŒ¶w

wÆ>

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POLY AUCTION (HONG KONG) INTEREST IN

PROPERTY CONSIGNED FOR AUCTION

From time to time, Poly Auction (Hong Kong) may offer a lot

which it owns in whole or in part. Such property is identified

in the catalogue with the symbol Δ next to the lot number.

On occasion, Poly Auction (Hong Kong) has a direct financial

interest in lots consigned for sale which may include

guaranteeing a minimum price or making an advance to

the consignor that is secured solely by consigned property.

Such property is identified in the catalogue by the symbol

□ next to the lot number. This symbol will be used both in

cases where Poly Auction (Hong Kong) holds the financial

interest on its own, and in cases where Poly Auction (Hong

Kong) has financed all or a part of such interest through a

third party. Such third parties generally benefit financially if

a guaranteed lot is sold successfully and may incur a loss

if the sale is not successful. The financing offered by a third

party may be in the form of an irrevocable bid provided by

that third party. Where Poly Auction (Hong Kong) has an

ownership or financial interest in every lot in the catalogue,

Poly Auction (Hong Kong) will not designate each lot with a □

symbol, but will state its interest at the front of the catalogue.

所有量度皆為約數及狀況報告

y¾¸|h ‹¼ì䋄 „

ghŠijɒŒŠBÚ¦§Äw

‹—ÈAÖ

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5Œ¶0S€§¨}|úÒÍ

^S‹cB“—‹ɒ£³« Y§

ALL MEASUREMENTS ARE APPROXIMATES AND

CONDITION REPORTS

Poly Auction (Hong Kong) catalogues include references to

condition only in descriptions of multiple works (such as

prints, books, alcohol and tea). For all other properties, no

statement of the condition is made, and only alterations

or replacement components are listed. Please contact the

Specialist Department for a condition report on a particular

lot. Condition reports are provided as a service to interested

clients. Prospective buyers should note that descriptions of

property are not warranties and that each lot is sold on an

"as is" basis.

本目錄採用之貨幣兌換率

7.8  =1 

ysC Ù­ã=y†ìO Ù­

ª—«çN€ Ù­ò駚›ó4Ò͗

‹«áã|‚Ńª—£X0u³>—O«ç

¾ “íÖ§

CATALOGUE EXCHANGE RATE

HK$7.8 = US$1

The rate of exchange was established at the latest practical

date prior to the printing of the catalogue and may therefore

have changed by the time of the sale. Bidders should bear in

mind that estimates are prepared well in advance of the sale

and are not definitive. They are subject to revision.

目錄編列方法之說明

有關相片、圖畫、印刷品及微型書畫之規定

Ȅ…Ä y†͇§4ÒÍ y»

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EXPLANATION OF CATALOGUING PRACTICE

FOR PICTURES, DRAWINGS, PRINTS AND

MINIATURES

Terms used in this catalogue have the meanings ascribed to

them below. Please note that all statements in this catalogue

as to authorship are made subject to the provisions of the

Conditions of Business and Limited Warranty.

Buyers are advised to inspect the property themselves.

Written condition reports are usually available on request.

1. Name(s) or Recognized Designation of an Artist without

any Qualification in Poly Auction (Hong Kong)'s opinion a

work by the artist.

2. "Attributed to ..." in Poly Auction (Hong Kong)'s qualified

opinion is probably a work by the artist in whole or in part.

3. "Studio of ..." / "Workshop of ..." in Poly Auction (Hong

Kong)'s qualified opinion a work executed in the studio or

workshop of the artist, possibly under his supervision.

4. "Circle of ..." in Poly Auction (Hong Kong)'s qualified

opinion a work of the period of the artist and showing his

influence.

5. "Follower of ..." in Poly Auction (Hong Kong)'s qualified

opinion is a work executed in the artist's style but not

necessarily by a pupil.

6. "Manner of ..." in Poly Auction (Hong Kong)'s qualified

opinion is a work executed in the artist's style but of a later

date.

7. "After ..." in Poly Auction (Hong Kong)'s qualified opinion a

copy (of any date) of a work of the artist.

8. "Signed ..." / "Dated ..." / "Inscribed ..." in Poly Auction

(Hong Kong)'s qualified opinion the work has been signed/

dated/inscribed by the artist.

9. "With signature ..." / "With inscription..." / in Poly Auction

(Hong Kong)'s qualified opinion the signature/inscription

appears to be by a hand other than that of the artist.

10. "With date ..." in Poly Auction (Hong Kong)'s qualified

opinion, the date on the item was not executed on that date.

This term and its definition in this Explanation of Cataloguing

Practice are a qualified statement as to authorship. While the

use of this term is based upon careful study and represents

the opinion of specialists, Poly Auction (Hong Kong) and

the consignor assume no risk, liability and responsibility for

the authenticity of authorship of any lot in this catalogue

described by this term, and the Limited Warranty shall not be

available with respect to lots described using this term.

­€‚ƒ

第一章 總則

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yLÈÔ# 9A

EXPLANATION OF CATALOGUING PRACTICE

保利香港拍賣在受委託拍賣品中的權益

«ç³OŒ¶w

wÆ>

*ÆÞ

 ‹§¨©‹¸yLK

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wLK□K¶Qé§

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Ç+Aw§

POLY AUCTION (HONG KONG) INTEREST IN

PROPERTY CONSIGNED FOR AUCTION

From time to time, Poly Auction (Hong Kong) may offer a lot

which it owns in whole or in part. Such property is identified

in the catalogue with the symbol Δ next to the lot number.

On occasion, Poly Auction (Hong Kong) has a direct financial

interest in lots consigned for sale which may include

guaranteeing a minimum price or making an advance to

the consignor that is secured solely by consigned property.

Such property is identified in the catalogue by the symbol

□ next to the lot number. This symbol will be used both in

cases where Poly Auction (Hong Kong) holds the financial

interest on its own, and in cases where Poly Auction (Hong

Kong) has financed all or a part of such interest through a

third party. Such third parties generally benefit financially if

a guaranteed lot is sold successfully and may incur a loss

if the sale is not successful. The financing offered by a third

party may be in the form of an irrevocable bid provided by

that third party. Where Poly Auction (Hong Kong) has an

ownership or financial interest in every lot in the catalogue,

Poly Auction (Hong Kong) will not designate each lot with a □

symbol, but will state its interest at the front of the catalogue.

所有量度皆為約數及狀況報告

y¾¸|h ‹¼ì䋄 „

ghŠijɒŒŠBÚ¦§Äw

‹—ÈAÖ

ÿÙÆ>—WwBÚ+A§¼!

׋BÚ¥—4Ó|§BÚ¥Ó

5Œ¶0S€§¨}|úÒÍ

^S‹cB“—‹ɒ£³« Y§

ALL MEASUREMENTS ARE APPROXIMATES AND

CONDITION REPORTS

Poly Auction (Hong Kong) catalogues include references to

condition only in descriptions of multiple works (such as

prints, books, alcohol and tea). For all other properties, no

statement of the condition is made, and only alterations

or replacement components are listed. Please contact the

Specialist Department for a condition report on a particular

lot. Condition reports are provided as a service to interested

clients. Prospective buyers should note that descriptions of

property are not warranties and that each lot is sold on an

"as is" basis.

本目錄採用之貨幣兌換率

7.8  =1 

ysC Ù­ã=y†ìO Ù­

ª—«çN€ Ù­ò駚›ó4Ò͗

‹«áã|‚Ńª—£X0u³>—O«ç

¾ “íÖ§

CATALOGUE EXCHANGE RATE

HK$7.8 = US$1

The rate of exchange was established at the latest practical

date prior to the printing of the catalogue and may therefore

have changed by the time of the sale. Bidders should bear in

mind that estimates are prepared well in advance of the sale

and are not definitive. They are subject to revision.

目錄編列方法之說明

有關相片、圖畫、印刷品及微型書畫之規定

Ȅ…Ä y†͇§4ÒÍ y»

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, óõÇ

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ŠÕÖÓ| Í¯—ŠœÄyê"Á

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©—£³)(Š£S&½–§„‡€

'&—²Y

‡—³¨ÁÄĄ…É’‹§

EXPLANATION OF CATALOGUING PRACTICE

FOR PICTURES, DRAWINGS, PRINTS AND

MINIATURES

Terms used in this catalogue have the meanings ascribed to

them below. Please note that all statements in this catalogue

as to authorship are made subject to the provisions of the

Conditions of Business and Limited Warranty.

Buyers are advised to inspect the property themselves.

Written condition reports are usually available on request.

1. Name(s) or Recognized Designation of an Artist without

any Qualification in Poly Auction (Hong Kong)'s opinion a

work by the artist.

2. "Attributed to ..." in Poly Auction (Hong Kong)'s qualified

opinion is probably a work by the artist in whole or in part.

3. "Studio of ..." / "Workshop of ..." in Poly Auction (Hong

Kong)'s qualified opinion a work executed in the studio or

workshop of the artist, possibly under his supervision.

4. "Circle of ..." in Poly Auction (Hong Kong)'s qualified

opinion a work of the period of the artist and showing his

influence.

5. "Follower of ..." in Poly Auction (Hong Kong)'s qualified

opinion is a work executed in the artist's style but not

necessarily by a pupil.

6. "Manner of ..." in Poly Auction (Hong Kong)'s qualified

opinion is a work executed in the artist's style but of a later

date.

7. "After ..." in Poly Auction (Hong Kong)'s qualified opinion a

copy (of any date) of a work of the artist.

8. "Signed ..." / "Dated ..." / "Inscribed ..." in Poly Auction

(Hong Kong)'s qualified opinion the work has been signed/

dated/inscribed by the artist.

9. "With signature ..." / "With inscription..." / in Poly Auction

(Hong Kong)'s qualified opinion the signature/inscription

appears to be by a hand other than that of the artist.

10. "With date ..." in Poly Auction (Hong Kong)'s qualified

opinion, the date on the item was not executed on that date.

This term and its definition in this Explanation of Cataloguing

Practice are a qualified statement as to authorship. While the

use of this term is based upon careful study and represents

the opinion of specialists, Poly Auction (Hong Kong) and

the consignor assume no risk, liability and responsibility for

the authenticity of authorship of any lot in this catalogue

described by this term, and the Limited Warranty shall not be

available with respect to lots described using this term.

­€‚ƒ

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EXPLANATION OF CATALOGUING PRACTICE

保利香港拍賣在受委託拍賣品中的權益

«ç³OŒ¶w

wÆ>

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 ‹§¨©‹¸yLK

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POLY AUCTION (HONG KONG) INTEREST IN

PROPERTY CONSIGNED FOR AUCTION

From time to time, Poly Auction (Hong Kong) may offer a lot

which it owns in whole or in part. Such property is identified

in the catalogue with the symbol Δ next to the lot number.

On occasion, Poly Auction (Hong Kong) has a direct financial

interest in lots consigned for sale which may include

guaranteeing a minimum price or making an advance to

the consignor that is secured solely by consigned property.

Such property is identified in the catalogue by the symbol

□ next to the lot number. This symbol will be used both in

cases where Poly Auction (Hong Kong) holds the financial

interest on its own, and in cases where Poly Auction (Hong

Kong) has financed all or a part of such interest through a

third party. Such third parties generally benefit financially if

a guaranteed lot is sold successfully and may incur a loss

if the sale is not successful. The financing offered by a third

party may be in the form of an irrevocable bid provided by

that third party. Where Poly Auction (Hong Kong) has an

ownership or financial interest in every lot in the catalogue,

Poly Auction (Hong Kong) will not designate each lot with a □

symbol, but will state its interest at the front of the catalogue.

所有量度皆為約數及狀況報告

y¾¸|h ‹¼ì䋄 „

ghŠijɒŒŠBÚ¦§Äw

‹—ÈAÖ

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׋BÚ¥—4Ó|§BÚ¥Ó

5Œ¶0S€§¨}|úÒÍ

^S‹cB“—‹ɒ£³« Y§

ALL MEASUREMENTS ARE APPROXIMATES AND

CONDITION REPORTS

Poly Auction (Hong Kong) catalogues include references to

condition only in descriptions of multiple works (such as

prints, books, alcohol and tea). For all other properties, no

statement of the condition is made, and only alterations

or replacement components are listed. Please contact the

Specialist Department for a condition report on a particular

lot. Condition reports are provided as a service to interested

clients. Prospective buyers should note that descriptions of

property are not warranties and that each lot is sold on an

"as is" basis.

本目錄採用之貨幣兌換率

7.8  =1 

ysC Ù­ã=y†ìO Ù­

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‹«áã|‚Ńª—£X0u³>—O«ç

¾ “íÖ§

CATALOGUE EXCHANGE RATE

HK$7.8 = US$1

The rate of exchange was established at the latest practical

date prior to the printing of the catalogue and may therefore

have changed by the time of the sale. Bidders should bear in

mind that estimates are prepared well in advance of the sale

and are not definitive. They are subject to revision.

目錄編列方法之說明

有關相片、圖畫、印刷品及微型書畫之規定

Ȅ…Ä y†͇§4ÒÍ y»

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©—£³)(Š£S&½–§„‡€

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‡—³¨ÁÄĄ…É’‹§

EXPLANATION OF CATALOGUING PRACTICE

FOR PICTURES, DRAWINGS, PRINTS AND

MINIATURES

Terms used in this catalogue have the meanings ascribed to

them below. Please note that all statements in this catalogue

as to authorship are made subject to the provisions of the

Conditions of Business and Limited Warranty.

Buyers are advised to inspect the property themselves.

Written condition reports are usually available on request.

1. Name(s) or Recognized Designation of an Artist without

any Qualification in Poly Auction (Hong Kong)'s opinion a

work by the artist.

2. "Attributed to ..." in Poly Auction (Hong Kong)'s qualified

opinion is probably a work by the artist in whole or in part.

3. "Studio of ..." / "Workshop of ..." in Poly Auction (Hong

Kong)'s qualified opinion a work executed in the studio or

workshop of the artist, possibly under his supervision.

4. "Circle of ..." in Poly Auction (Hong Kong)'s qualified

opinion a work of the period of the artist and showing his

influence.

5. "Follower of ..." in Poly Auction (Hong Kong)'s qualified

opinion is a work executed in the artist's style but not

necessarily by a pupil.

6. "Manner of ..." in Poly Auction (Hong Kong)'s qualified

opinion is a work executed in the artist's style but of a later

date.

7. "After ..." in Poly Auction (Hong Kong)'s qualified opinion a

copy (of any date) of a work of the artist.

8. "Signed ..." / "Dated ..." / "Inscribed ..." in Poly Auction

(Hong Kong)'s qualified opinion the work has been signed/

dated/inscribed by the artist.

9. "With signature ..." / "With inscription..." / in Poly Auction

(Hong Kong)'s qualified opinion the signature/inscription

appears to be by a hand other than that of the artist.

10. "With date ..." in Poly Auction (Hong Kong)'s qualified

opinion, the date on the item was not executed on that date.

This term and its definition in this Explanation of Cataloguing

Practice are a qualified statement as to authorship. While the

use of this term is based upon careful study and represents

the opinion of specialists, Poly Auction (Hong Kong) and

the consignor assume no risk, liability and responsibility for

the authenticity of authorship of any lot in this catalogue

described by this term, and the Limited Warranty shall not be

available with respect to lots described using this term.

­€‚ƒ

第一章 總則

第一條

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CHAPTER I GENERAL RULES

ARTICLE 1 POLY AUCTION (HONG KONG) LIMITED

AS AGENT

Unless otherwise stated, Poly Auction (Hong Kong) Limited

acts as the Seller's agent. ﬔ e closing agreement for sale of

a Lot shall be a contract between the Seller and the Buyer.

ﬔ ese Conditions of Business and all other terms, conditions

and notices contained in the catalogue, announced by the

Auctioneer or provided at the saleroom shall constitute the

provisions agreed among the Seller, the Buyer and/or Poly

Auction (Hong Kong) Limited as auction agent.

ARTICLE 2 DEFINITIONS AND INTERPRETATION

In these Conditions of Business, the following terms shall

have the meanings set forth below:

(1)"Company" means Poly Auction (Hong Kong) Limited;

(2)"Seller" means any natural person, legal person or other

organization that consigns a Lot(s) within the scope of these

Conditions of Business to the Company for auction. In these

Conditions of Business, a Seller shall include any of its

agents unless as otherwise specifi ed herein or required in a

particular context;

(3)"Bidder" means any person, company, body corporate or

other organization who or which considers, carries out or

attempts to bid in anyway. In these Conditions of Business,

a Bidder shall include any of its agents unless as otherwise

specifi ed herein or required in a particular context;

(4)"Buyer" means the Bidder whose bid or off er for a Lot is

recognized by an Auctioneer as the highest bid for that Lot in

an auction held by the Company, including the principal on

behalf of which such Bidder acts;

(5)"Buyer's Commission" means any commission that

a Buyer shall pay to the Company calculated at the rate

specifi ed herein of the Hammer Price for the Lot that such

Buyer purchases;

(6)"Lot" means any item consigned by a Seller to the Company

for auction and so auctioned in any auction, in particular, any item

numbered in any catalogue with certain description;

(7)"Auction Date" means the date on which an auction is

formally held, as announced by the Company in its public

notice. In case of any discrepancy between the actual date

and the announced date of an auction, the actual date shall

prevail;

(8)"Sale Date" means, in an auction held by the Company,

the date on which the auctioneer concludes a contract for

sale between a Seller and a Buyer by way of hammer striking

or any other customary manner publicly confi rming the sale;

(9)"Auctioneer" means any person designated by the

Company to moderate a particular auction;

(10)"Hammer Price" means the price for a Lot at which the

Auctioneer decides to sell the Lot by striking the hammer or

the agreed sale price in the post-auction sale;

(11)"Proceeds of Sale" means the net amount due to the Seller,

being the Hammer Price less the Buyer's Commission, all expenses

and other amounts payable to the Company by the Seller;

(12)"Purchase Price" means the total amount payable by

the Buyer for his/her/its purchase for each Lot, including

the Hammer Price, the Buyer's Commission, other Buyer's

Expenses and all Buyer's Expenses arising from its failure to

perform its obligations;

(13)"Buyer's Expenses" means costs and expenses in

relation to sale of the Lot by the Company, including but

not limited to insurance policies, packing, moving, storage,

custody for the Lot, any expenses of testing, investigation,

queries or authentication related to the Lot at the request of

the Buyer or any additional costs and legal expenses to bring

claims against a defaulting Buyer;

(14)"Reserve" means the confi dential minimum selling price for

the Lot that the Seller has confi rmed with the Company;

(15)"Estimate" means the estimated selling price of a Lot

written in the catalogue or other descriptive materials,

excluding the Buyer's Commission;

(16)"Storage Fee" means the storage fee payable by the Buyer to

the Company according to these Conditions of Business.

In these Conditions of Business, where the context requires,

words denoting the singular shall include the plural and vice versa.

ARTICLE 3 SCOPE OF APPLICATION

All parties participating in any auctions organized by the

Company, including the Seller, the Bidder, the Buyer and all

other related parties (including but not limited to the agents

of the Seller, the Bidder and the Buyer) shall be deemed to

accept in full and bound by these Conditions of Business,

and shall comply with them in such auctions, enjoy the rights

and perform the obligations provided herein.

Any Bidder who bids in an auction organized by the Company,

whether in person or by authorizing an agent to bid on his/

her/its behalf, whether by raising the paddle, by absentee

bids, by phone or by any other means, shall be deemed to

have accepted these Conditions of Business in full.

Any dispute among the parties to auctions organized by

the Company shall be settled in accordance with these

Conditions of Business.

ARTICLE 4 SPECIAL NOTICE

Bidders and Buyers participating in any auctions organized

by the Company shall carefully read and be abided by these

Conditions of Business; Bidders and Buyers shall read the

provisions limiting the Company's liabilities and disclaimers

contained in these Conditions of Business carefully. Bidders

and/or their agents have the responsibilities to review the

original Lot in person, and bear legal liabilities for their acts

of bidding the Lot.

Upon the Auctioneer confirms the Bidder's bid by striking

his/her hammer or in any other manner publicly indicating

confirmation of the purchase in any auctions organized by

the Company, the contract for sale regarding the Lot shall

immediately enter into force and the Bidder shall become the

Buyer of the Lot. ﬔ e Company, the Seller and the Buyer shall

acknowledge the sale of the Lot and its closing, enjoy the rights

and assume the obligations provided by applicable laws and/

or these Conditions of Business. Any party that fails to perform

obligations shall bear its/his/her corresponding legal liabilities.

The Company may amend these Conditions of Business for a

particular auction by posting announcements at the auction site or

making an announcement at such auction through an Auctioneer.

CHAPTER II THE SELLER

ARTICLE 5 CONSIGNMENT PROCEDURE

When arranging for the consignment of the Seller's Lot to the

Company for auction:

1.The Seller must present a valid identity document with

photo issued by the government (e.g. resident identity card

or passport) if the Seller is a natural person and sign a consignment auction contract with the Company;

2.A valid certifi cate of incorporation, proof of shareholding,

or a legal authorization document shall be required if the

Seller is a legal entity or any other organization, which shall

sign a consignment auction contract with the Company.

3.When the Seller signs a consignment auction contract

with the Company, the Company shall be automatically authorized to make pictures, illustrations, catalogues, or other

video images of the Lot.

ARTICLE 6 THE SELLER'S AGENT

1.When arranging for the consignment of the Lot to the

Company for auction, the Seller's Agent shall submit to the

Company the relevant authorization certifi cates including:

2.A valid identity document if such Agent is a natural person;

3.A valid certifi cate of incorporation and proof of shareholding if

such Agent is a legal person or any other organization; and

4.A power of attorney duly executed. ﬔ e Company has the right

to examine the aforesaid documents in a lawful manner.

ARTICLE 7 THE SELLER'S WARRANTIES

ﬔ e Seller hereby makes irrevocable warranties to the Company and the Buyer with respect to the Lot it consigns to the

Company for auction as follows:

1.ﬔ e Seller has absolute ownership or legal right to dispose of

the Lot. ﬔ e auction of the Lot will not prejudice any legal interest (including copyright interest) of any third party, and will not

violate the provisions of relevant laws and regulations;

2.ﬔ e Seller has, to the best of its knowledge, made full, complete and accurate disclosure and description to the Company with respect to the origin and any fl aw of the Lot and

notifi ed the Company in writing, without any concealment or

fabrication. If the Lot is liquor or tea, the Seller should truly

disclose the defects or fl aws about, including but not limit to

the packaging, labels, level of wear and tear, corks, etc.;

3.ﬔ e Seller is not subject to trade sanctions, embargoes or

any other restriction on trade in the jurisdiction in which it

does business as well as under the laws of Hong Kong, the

laws of the European Union, the laws of England and Wales

or the laws and regulations of the United States, and is not

owned (nor partly owned) or controlled by such sanctioned

person(s) (collectively, "Sanctioned Person(s)");

4.ﬔ e Lot is not connected with nor has any link to nor is derived from any criminal activity, including without limitation

tax evasion, money laundering, terrorist activities or other

criminal activity, and the Seller is neither under investigation, nor has it been charged with or convicted of without

limitation, tax evasion, money laundering, terrorist activities

or other criminal activity;

5.If the Lot being consigned shall be imported into Hong Kong,

the Seller shall guarantee the compliance with the laws of its

origin, and ensure the completion of the export and import procedures and notify the Company in writing; and

6.ﬔ e Seller must ensure that the auctioned items do not contravene any laws of Hong Kong (including the Public Health and

Municipal Services Ordinance, the Food Safety Ordinance and

the Protection of Endangered Species of Animals and Plants

Ordinance the Endangered Species of Wild Animals and Plants),

ensure and disclose to our Company that it has any license

or qualifi cation registration to possess, disposal or sale of the

auctioned item required by the laws of Hong Kong. ﬔ e Seller

should ensure that if they require our Company to make an

additional license or permit to the relevant departments for the

auction, display, disposal or possession of the auctioned items,

they should notify us in the written notice not less than two

months prior to the auction.

7.ﬔ e Seller shall guarantee that the Lot is authentic. In so

doing, the Seller guarantees:

a)ﬔ e Lot is not a counterfeit or forgery of:

i.ﬔ e work of any artist, author or manufacturer, if the Lot is

described by the Seller as to the work of that artist, author or

manufacturer;

ii.A work created or produced within a particular time frame

or culture, if the Lot is described by the Seller as a work created or produced during that time frame or culture;

iii.A work of a particular origin or source, if the Lot is described by the Seller as a work of that origin or source; or

iv.A work created or craft ed or refi ned or restored through a

particular process or manner, if the Lot is described by the

Seller as a work created through that process or manner.

b)In the case of jewellery and timepieces, in addition to 7(a)

above, the Lot is craft ed in the manner as described by the

Seller, out of the particular materials as described by the

Seller, and had underwent no restoration processes other

than those stated by the Seller; and

c)In the case of gemstones, in addition to 7(a) above, the Lot

had undergone no beautifi cation processes other than those

CONDITION OF BUSINESS ¼}|û Õwx4“”z«Y— ƒªÄ

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CHAPTER I GENERAL RULES

ARTICLE 1 POLY AUCTION (HONG KONG) LIMITED

AS AGENT

Unless otherwise stated, Poly Auction (Hong Kong) Limited

acts as the Seller's agent. ﬔ e closing agreement for sale of

a Lot shall be a contract between the Seller and the Buyer.

ﬔ ese Conditions of Business and all other terms, conditions

and notices contained in the catalogue, announced by the

Auctioneer or provided at the saleroom shall constitute the

provisions agreed among the Seller, the Buyer and/or Poly

Auction (Hong Kong) Limited as auction agent.

ARTICLE 2 DEFINITIONS AND INTERPRETATION

In these Conditions of Business, the following terms shall

have the meanings set forth below:

(1)"Company" means Poly Auction (Hong Kong) Limited;

(2)"Seller" means any natural person, legal person or other

organization that consigns a Lot(s) within the scope of these

Conditions of Business to the Company for auction. In these

Conditions of Business, a Seller shall include any of its

agents unless as otherwise specifi ed herein or required in a

particular context;

(3)"Bidder" means any person, company, body corporate or

other organization who or which considers, carries out or

attempts to bid in anyway. In these Conditions of Business,

a Bidder shall include any of its agents unless as otherwise

specifi ed herein or required in a particular context;

(4)"Buyer" means the Bidder whose bid or off er for a Lot is

recognized by an Auctioneer as the highest bid for that Lot in

an auction held by the Company, including the principal on

behalf of which such Bidder acts;

(5)"Buyer's Commission" means any commission that

a Buyer shall pay to the Company calculated at the rate

specifi ed herein of the Hammer Price for the Lot that such

Buyer purchases;

(6)"Lot" means any item consigned by a Seller to the Company

for auction and so auctioned in any auction, in particular, any item

numbered in any catalogue with certain description;

(7)"Auction Date" means the date on which an auction is

formally held, as announced by the Company in its public

notice. In case of any discrepancy between the actual date

and the announced date of an auction, the actual date shall

prevail;

(8)"Sale Date" means, in an auction held by the Company,

the date on which the auctioneer concludes a contract for

sale between a Seller and a Buyer by way of hammer striking

or any other customary manner publicly confi rming the sale;

(9)"Auctioneer" means any person designated by the

Company to moderate a particular auction;

(10)"Hammer Price" means the price for a Lot at which the

Auctioneer decides to sell the Lot by striking the hammer or

the agreed sale price in the post-auction sale;

(11)"Proceeds of Sale" means the net amount due to the Seller,

being the Hammer Price less the Buyer's Commission, all expenses

and other amounts payable to the Company by the Seller;

(12)"Purchase Price" means the total amount payable by

the Buyer for his/her/its purchase for each Lot, including

the Hammer Price, the Buyer's Commission, other Buyer's

Expenses and all Buyer's Expenses arising from its failure to

perform its obligations;

(13)"Buyer's Expenses" means costs and expenses in

relation to sale of the Lot by the Company, including but

not limited to insurance policies, packing, moving, storage,

custody for the Lot, any expenses of testing, investigation,

queries or authentication related to the Lot at the request of

the Buyer or any additional costs and legal expenses to bring

claims against a defaulting Buyer;

(14)"Reserve" means the confi dential minimum selling price for

the Lot that the Seller has confi rmed with the Company;

(15)"Estimate" means the estimated selling price of a Lot

written in the catalogue or other descriptive materials,

excluding the Buyer's Commission;

(16)"Storage Fee" means the storage fee payable by the Buyer to

the Company according to these Conditions of Business.

In these Conditions of Business, where the context requires,

words denoting the singular shall include the plural and vice versa.

ARTICLE 3 SCOPE OF APPLICATION

All parties participating in any auctions organized by the

Company, including the Seller, the Bidder, the Buyer and all

other related parties (including but not limited to the agents

of the Seller, the Bidder and the Buyer) shall be deemed to

accept in full and bound by these Conditions of Business,

and shall comply with them in such auctions, enjoy the rights

and perform the obligations provided herein.

Any Bidder who bids in an auction organized by the Company,

whether in person or by authorizing an agent to bid on his/

her/its behalf, whether by raising the paddle, by absentee

bids, by phone or by any other means, shall be deemed to

have accepted these Conditions of Business in full.

Any dispute among the parties to auctions organized by

the Company shall be settled in accordance with these

Conditions of Business.

ARTICLE 4 SPECIAL NOTICE

Bidders and Buyers participating in any auctions organized

by the Company shall carefully read and be abided by these

Conditions of Business; Bidders and Buyers shall read the

provisions limiting the Company's liabilities and disclaimers

contained in these Conditions of Business carefully. Bidders

and/or their agents have the responsibilities to review the

original Lot in person, and bear legal liabilities for their acts

of bidding the Lot.

Upon the Auctioneer confirms the Bidder's bid by striking

his/her hammer or in any other manner publicly indicating

confirmation of the purchase in any auctions organized by

the Company, the contract for sale regarding the Lot shall

immediately enter into force and the Bidder shall become the

Buyer of the Lot. ﬔ e Company, the Seller and the Buyer shall

acknowledge the sale of the Lot and its closing, enjoy the rights

and assume the obligations provided by applicable laws and/

or these Conditions of Business. Any party that fails to perform

obligations shall bear its/his/her corresponding legal liabilities.

The Company may amend these Conditions of Business for a

particular auction by posting announcements at the auction site or

making an announcement at such auction through an Auctioneer.

CHAPTER II THE SELLER

ARTICLE 5 CONSIGNMENT PROCEDURE

When arranging for the consignment of the Seller's Lot to the

Company for auction:

1.The Seller must present a valid identity document with

photo issued by the government (e.g. resident identity card

or passport) if the Seller is a natural person and sign a consignment auction contract with the Company;

2.A valid certifi cate of incorporation, proof of shareholding,

or a legal authorization document shall be required if the

Seller is a legal entity or any other organization, which shall

sign a consignment auction contract with the Company.

3.When the Seller signs a consignment auction contract

with the Company, the Company shall be automatically authorized to make pictures, illustrations, catalogues, or other

video images of the Lot.

ARTICLE 6 THE SELLER'S AGENT

1.When arranging for the consignment of the Lot to the

Company for auction, the Seller's Agent shall submit to the

Company the relevant authorization certifi cates including:

2.A valid identity document if such Agent is a natural person;

3.A valid certifi cate of incorporation and proof of shareholding if

such Agent is a legal person or any other organization; and

4.A power of attorney duly executed. ﬔ e Company has the right

to examine the aforesaid documents in a lawful manner.

ARTICLE 7 THE SELLER'S WARRANTIES

ﬔ e Seller hereby makes irrevocable warranties to the Company and the Buyer with respect to the Lot it consigns to the

Company for auction as follows:

1.ﬔ e Seller has absolute ownership or legal right to dispose of

the Lot. ﬔ e auction of the Lot will not prejudice any legal interest (including copyright interest) of any third party, and will not

violate the provisions of relevant laws and regulations;

2.ﬔ e Seller has, to the best of its knowledge, made full, complete and accurate disclosure and description to the Company with respect to the origin and any fl aw of the Lot and

notifi ed the Company in writing, without any concealment or

fabrication. If the Lot is liquor or tea, the Seller should truly

disclose the defects or fl aws about, including but not limit to

the packaging, labels, level of wear and tear, corks, etc.;

3.ﬔ e Seller is not subject to trade sanctions, embargoes or

any other restriction on trade in the jurisdiction in which it

does business as well as under the laws of Hong Kong, the

laws of the European Union, the laws of England and Wales

or the laws and regulations of the United States, and is not

owned (nor partly owned) or controlled by such sanctioned

person(s) (collectively, "Sanctioned Person(s)");

4.ﬔ e Lot is not connected with nor has any link to nor is derived from any criminal activity, including without limitation

tax evasion, money laundering, terrorist activities or other

criminal activity, and the Seller is neither under investigation, nor has it been charged with or convicted of without

limitation, tax evasion, money laundering, terrorist activities

or other criminal activity;

5.If the Lot being consigned shall be imported into Hong Kong,

the Seller shall guarantee the compliance with the laws of its

origin, and ensure the completion of the export and import procedures and notify the Company in writing; and

6.ﬔ e Seller must ensure that the auctioned items do not contravene any laws of Hong Kong (including the Public Health and

Municipal Services Ordinance, the Food Safety Ordinance and

the Protection of Endangered Species of Animals and Plants

Ordinance the Endangered Species of Wild Animals and Plants),

ensure and disclose to our Company that it has any license

or qualifi cation registration to possess, disposal or sale of the

auctioned item required by the laws of Hong Kong. ﬔ e Seller

should ensure that if they require our Company to make an

additional license or permit to the relevant departments for the

auction, display, disposal or possession of the auctioned items,

they should notify us in the written notice not less than two

months prior to the auction.

7.ﬔ e Seller shall guarantee that the Lot is authentic. In so

doing, the Seller guarantees:

a)ﬔ e Lot is not a counterfeit or forgery of:

i.ﬔ e work of any artist, author or manufacturer, if the Lot is

described by the Seller as to the work of that artist, author or

manufacturer;

ii.A work created or produced within a particular time frame

or culture, if the Lot is described by the Seller as a work created or produced during that time frame or culture;

iii.A work of a particular origin or source, if the Lot is described by the Seller as a work of that origin or source; or

iv.A work created or craft ed or refi ned or restored through a

particular process or manner, if the Lot is described by the

Seller as a work created through that process or manner.

b)In the case of jewellery and timepieces, in addition to 7(a)

above, the Lot is craft ed in the manner as described by the

Seller, out of the particular materials as described by the

Seller, and had underwent no restoration processes other

than those stated by the Seller; and

c)In the case of gemstones, in addition to 7(a) above, the Lot

had undergone no beautifi cation processes other than those

CONDITION OF BUSINESS

第209页

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CHAPTER I GENERAL RULES

ARTICLE 1 POLY AUCTION (HONG KONG) LIMITED

AS AGENT

Unless otherwise stated, Poly Auction (Hong Kong) Limited

acts as the Seller's agent. ﬔ e closing agreement for sale of

a Lot shall be a contract between the Seller and the Buyer.

ﬔ ese Conditions of Business and all other terms, conditions

and notices contained in the catalogue, announced by the

Auctioneer or provided at the saleroom shall constitute the

provisions agreed among the Seller, the Buyer and/or Poly

Auction (Hong Kong) Limited as auction agent.

ARTICLE 2 DEFINITIONS AND INTERPRETATION

In these Conditions of Business, the following terms shall

have the meanings set forth below:

(1)"Company" means Poly Auction (Hong Kong) Limited;

(2)"Seller" means any natural person, legal person or other

organization that consigns a Lot(s) within the scope of these

Conditions of Business to the Company for auction. In these

Conditions of Business, a Seller shall include any of its

agents unless as otherwise specifi ed herein or required in a

particular context;

(3)"Bidder" means any person, company, body corporate or

other organization who or which considers, carries out or

attempts to bid in anyway. In these Conditions of Business,

a Bidder shall include any of its agents unless as otherwise

specifi ed herein or required in a particular context;

(4)"Buyer" means the Bidder whose bid or off er for a Lot is

recognized by an Auctioneer as the highest bid for that Lot in

an auction held by the Company, including the principal on

behalf of which such Bidder acts;

(5)"Buyer's Commission" means any commission that

a Buyer shall pay to the Company calculated at the rate

specifi ed herein of the Hammer Price for the Lot that such

Buyer purchases;

(6)"Lot" means any item consigned by a Seller to the Company

for auction and so auctioned in any auction, in particular, any item

numbered in any catalogue with certain description;

(7)"Auction Date" means the date on which an auction is

formally held, as announced by the Company in its public

notice. In case of any discrepancy between the actual date

and the announced date of an auction, the actual date shall

prevail;

(8)"Sale Date" means, in an auction held by the Company,

the date on which the auctioneer concludes a contract for

sale between a Seller and a Buyer by way of hammer striking

or any other customary manner publicly confi rming the sale;

(9)"Auctioneer" means any person designated by the

Company to moderate a particular auction;

(10)"Hammer Price" means the price for a Lot at which the

Auctioneer decides to sell the Lot by striking the hammer or

the agreed sale price in the post-auction sale;

(11)"Proceeds of Sale" means the net amount due to the Seller,

being the Hammer Price less the Buyer's Commission, all expenses

and other amounts payable to the Company by the Seller;

(12)"Purchase Price" means the total amount payable by

the Buyer for his/her/its purchase for each Lot, including

the Hammer Price, the Buyer's Commission, other Buyer's

Expenses and all Buyer's Expenses arising from its failure to

perform its obligations;

(13)"Buyer's Expenses" means costs and expenses in

relation to sale of the Lot by the Company, including but

not limited to insurance policies, packing, moving, storage,

custody for the Lot, any expenses of testing, investigation,

queries or authentication related to the Lot at the request of

the Buyer or any additional costs and legal expenses to bring

claims against a defaulting Buyer;

(14)"Reserve" means the confi dential minimum selling price for

the Lot that the Seller has confi rmed with the Company;

(15)"Estimate" means the estimated selling price of a Lot

written in the catalogue or other descriptive materials,

excluding the Buyer's Commission;

(16)"Storage Fee" means the storage fee payable by the Buyer to

the Company according to these Conditions of Business.

In these Conditions of Business, where the context requires,

words denoting the singular shall include the plural and vice versa.

ARTICLE 3 SCOPE OF APPLICATION

All parties participating in any auctions organized by the

Company, including the Seller, the Bidder, the Buyer and all

other related parties (including but not limited to the agents

of the Seller, the Bidder and the Buyer) shall be deemed to

accept in full and bound by these Conditions of Business,

and shall comply with them in such auctions, enjoy the rights

and perform the obligations provided herein.

Any Bidder who bids in an auction organized by the Company,

whether in person or by authorizing an agent to bid on his/

her/its behalf, whether by raising the paddle, by absentee

bids, by phone or by any other means, shall be deemed to

have accepted these Conditions of Business in full.

Any dispute among the parties to auctions organized by

the Company shall be settled in accordance with these

Conditions of Business.

ARTICLE 4 SPECIAL NOTICE

Bidders and Buyers participating in any auctions organized

by the Company shall carefully read and be abided by these

Conditions of Business; Bidders and Buyers shall read the

provisions limiting the Company's liabilities and disclaimers

contained in these Conditions of Business carefully. Bidders

and/or their agents have the responsibilities to review the

original Lot in person, and bear legal liabilities for their acts

of bidding the Lot.

Upon the Auctioneer confirms the Bidder's bid by striking

his/her hammer or in any other manner publicly indicating

confirmation of the purchase in any auctions organized by

the Company, the contract for sale regarding the Lot shall

immediately enter into force and the Bidder shall become the

Buyer of the Lot. ﬔ e Company, the Seller and the Buyer shall

acknowledge the sale of the Lot and its closing, enjoy the rights

and assume the obligations provided by applicable laws and/

or these Conditions of Business. Any party that fails to perform

obligations shall bear its/his/her corresponding legal liabilities.

The Company may amend these Conditions of Business for a

particular auction by posting announcements at the auction site or

making an announcement at such auction through an Auctioneer.

CHAPTER II THE SELLER

ARTICLE 5 CONSIGNMENT PROCEDURE

When arranging for the consignment of the Seller's Lot to the

Company for auction:

1.The Seller must present a valid identity document with

photo issued by the government (e.g. resident identity card

or passport) if the Seller is a natural person and sign a consignment auction contract with the Company;

2.A valid certifi cate of incorporation, proof of shareholding,

or a legal authorization document shall be required if the

Seller is a legal entity or any other organization, which shall

sign a consignment auction contract with the Company.

3.When the Seller signs a consignment auction contract

with the Company, the Company shall be automatically authorized to make pictures, illustrations, catalogues, or other

video images of the Lot.

ARTICLE 6 THE SELLER'S AGENT

1.When arranging for the consignment of the Lot to the

Company for auction, the Seller's Agent shall submit to the

Company the relevant authorization certifi cates including:

2.A valid identity document if such Agent is a natural person;

3.A valid certifi cate of incorporation and proof of shareholding if

such Agent is a legal person or any other organization; and

4.A power of attorney duly executed. ﬔ e Company has the right

to examine the aforesaid documents in a lawful manner.

ARTICLE 7 THE SELLER'S WARRANTIES

ﬔ e Seller hereby makes irrevocable warranties to the Company and the Buyer with respect to the Lot it consigns to the

Company for auction as follows:

1.ﬔ e Seller has absolute ownership or legal right to dispose of

the Lot. ﬔ e auction of the Lot will not prejudice any legal interest (including copyright interest) of any third party, and will not

violate the provisions of relevant laws and regulations;

2.ﬔ e Seller has, to the best of its knowledge, made full, complete and accurate disclosure and description to the Company with respect to the origin and any fl aw of the Lot and

notifi ed the Company in writing, without any concealment or

fabrication. If the Lot is liquor or tea, the Seller should truly

disclose the defects or fl aws about, including but not limit to

the packaging, labels, level of wear and tear, corks, etc.;

3.ﬔ e Seller is not subject to trade sanctions, embargoes or

any other restriction on trade in the jurisdiction in which it

does business as well as under the laws of Hong Kong, the

laws of the European Union, the laws of England and Wales

or the laws and regulations of the United States, and is not

owned (nor partly owned) or controlled by such sanctioned

person(s) (collectively, "Sanctioned Person(s)");

4.ﬔ e Lot is not connected with nor has any link to nor is derived from any criminal activity, including without limitation

tax evasion, money laundering, terrorist activities or other

criminal activity, and the Seller is neither under investigation, nor has it been charged with or convicted of without

limitation, tax evasion, money laundering, terrorist activities

or other criminal activity;

5.If the Lot being consigned shall be imported into Hong Kong,

the Seller shall guarantee the compliance with the laws of its

origin, and ensure the completion of the export and import procedures and notify the Company in writing; and

6.ﬔ e Seller must ensure that the auctioned items do not contravene any laws of Hong Kong (including the Public Health and

Municipal Services Ordinance, the Food Safety Ordinance and

the Protection of Endangered Species of Animals and Plants

Ordinance the Endangered Species of Wild Animals and Plants),

ensure and disclose to our Company that it has any license

or qualifi cation registration to possess, disposal or sale of the

auctioned item required by the laws of Hong Kong. ﬔ e Seller

should ensure that if they require our Company to make an

additional license or permit to the relevant departments for the

auction, display, disposal or possession of the auctioned items,

they should notify us in the written notice not less than two

months prior to the auction.

7.ﬔ e Seller shall guarantee that the Lot is authentic. In so

doing, the Seller guarantees:

a)ﬔ e Lot is not a counterfeit or forgery of:

i.ﬔ e work of any artist, author or manufacturer, if the Lot is

described by the Seller as to the work of that artist, author or

manufacturer;

ii.A work created or produced within a particular time frame

or culture, if the Lot is described by the Seller as a work created or produced during that time frame or culture;

iii.A work of a particular origin or source, if the Lot is described by the Seller as a work of that origin or source; or

iv.A work created or craft ed or refi ned or restored through a

particular process or manner, if the Lot is described by the

Seller as a work created through that process or manner.

b)In the case of jewellery and timepieces, in addition to 7(a)

above, the Lot is craft ed in the manner as described by the

Seller, out of the particular materials as described by the

Seller, and had underwent no restoration processes other

than those stated by the Seller; and

c)In the case of gemstones, in addition to 7(a) above, the Lot

had undergone no beautifi cation processes other than those

CONDITION OF BUSINESS ¼}|û Õwx4“”z«Y— ƒªÄ

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CHAPTER I GENERAL RULES

ARTICLE 1 POLY AUCTION (HONG KONG) LIMITED

AS AGENT

Unless otherwise stated, Poly Auction (Hong Kong) Limited

acts as the Seller's agent. ﬔ e closing agreement for sale of

a Lot shall be a contract between the Seller and the Buyer.

ﬔ ese Conditions of Business and all other terms, conditions

and notices contained in the catalogue, announced by the

Auctioneer or provided at the saleroom shall constitute the

provisions agreed among the Seller, the Buyer and/or Poly

Auction (Hong Kong) Limited as auction agent.

ARTICLE 2 DEFINITIONS AND INTERPRETATION

In these Conditions of Business, the following terms shall

have the meanings set forth below:

(1)"Company" means Poly Auction (Hong Kong) Limited;

(2)"Seller" means any natural person, legal person or other

organization that consigns a Lot(s) within the scope of these

Conditions of Business to the Company for auction. In these

Conditions of Business, a Seller shall include any of its

agents unless as otherwise specifi ed herein or required in a

particular context;

(3)"Bidder" means any person, company, body corporate or

other organization who or which considers, carries out or

attempts to bid in anyway. In these Conditions of Business,

a Bidder shall include any of its agents unless as otherwise

specifi ed herein or required in a particular context;

(4)"Buyer" means the Bidder whose bid or off er for a Lot is

recognized by an Auctioneer as the highest bid for that Lot in

an auction held by the Company, including the principal on

behalf of which such Bidder acts;

(5)"Buyer's Commission" means any commission that

a Buyer shall pay to the Company calculated at the rate

specifi ed herein of the Hammer Price for the Lot that such

Buyer purchases;

(6)"Lot" means any item consigned by a Seller to the Company

for auction and so auctioned in any auction, in particular, any item

numbered in any catalogue with certain description;

(7)"Auction Date" means the date on which an auction is

formally held, as announced by the Company in its public

notice. In case of any discrepancy between the actual date

and the announced date of an auction, the actual date shall

prevail;

(8)"Sale Date" means, in an auction held by the Company,

the date on which the auctioneer concludes a contract for

sale between a Seller and a Buyer by way of hammer striking

or any other customary manner publicly confi rming the sale;

(9)"Auctioneer" means any person designated by the

Company to moderate a particular auction;

(10)"Hammer Price" means the price for a Lot at which the

Auctioneer decides to sell the Lot by striking the hammer or

the agreed sale price in the post-auction sale;

(11)"Proceeds of Sale" means the net amount due to the Seller,

being the Hammer Price less the Buyer's Commission, all expenses

and other amounts payable to the Company by the Seller;

(12)"Purchase Price" means the total amount payable by

the Buyer for his/her/its purchase for each Lot, including

the Hammer Price, the Buyer's Commission, other Buyer's

Expenses and all Buyer's Expenses arising from its failure to

perform its obligations;

(13)"Buyer's Expenses" means costs and expenses in

relation to sale of the Lot by the Company, including but

not limited to insurance policies, packing, moving, storage,

custody for the Lot, any expenses of testing, investigation,

queries or authentication related to the Lot at the request of

the Buyer or any additional costs and legal expenses to bring

claims against a defaulting Buyer;

(14)"Reserve" means the confi dential minimum selling price for

the Lot that the Seller has confi rmed with the Company;

(15)"Estimate" means the estimated selling price of a Lot

written in the catalogue or other descriptive materials,

excluding the Buyer's Commission;

(16)"Storage Fee" means the storage fee payable by the Buyer to

the Company according to these Conditions of Business.

In these Conditions of Business, where the context requires,

words denoting the singular shall include the plural and vice versa.

ARTICLE 3 SCOPE OF APPLICATION

All parties participating in any auctions organized by the

Company, including the Seller, the Bidder, the Buyer and all

other related parties (including but not limited to the agents

of the Seller, the Bidder and the Buyer) shall be deemed to

accept in full and bound by these Conditions of Business,

and shall comply with them in such auctions, enjoy the rights

and perform the obligations provided herein.

Any Bidder who bids in an auction organized by the Company,

whether in person or by authorizing an agent to bid on his/

her/its behalf, whether by raising the paddle, by absentee

bids, by phone or by any other means, shall be deemed to

have accepted these Conditions of Business in full.

Any dispute among the parties to auctions organized by

the Company shall be settled in accordance with these

Conditions of Business.

ARTICLE 4 SPECIAL NOTICE

Bidders and Buyers participating in any auctions organized

by the Company shall carefully read and be abided by these

Conditions of Business; Bidders and Buyers shall read the

provisions limiting the Company's liabilities and disclaimers

contained in these Conditions of Business carefully. Bidders

and/or their agents have the responsibilities to review the

original Lot in person, and bear legal liabilities for their acts

of bidding the Lot.

Upon the Auctioneer confirms the Bidder's bid by striking

his/her hammer or in any other manner publicly indicating

confirmation of the purchase in any auctions organized by

the Company, the contract for sale regarding the Lot shall

immediately enter into force and the Bidder shall become the

Buyer of the Lot. ﬔ e Company, the Seller and the Buyer shall

acknowledge the sale of the Lot and its closing, enjoy the rights

and assume the obligations provided by applicable laws and/

or these Conditions of Business. Any party that fails to perform

obligations shall bear its/his/her corresponding legal liabilities.

The Company may amend these Conditions of Business for a

particular auction by posting announcements at the auction site or

making an announcement at such auction through an Auctioneer.

CHAPTER II THE SELLER

ARTICLE 5 CONSIGNMENT PROCEDURE

When arranging for the consignment of the Seller's Lot to the

Company for auction:

1.The Seller must present a valid identity document with

photo issued by the government (e.g. resident identity card

or passport) if the Seller is a natural person and sign a consignment auction contract with the Company;

2.A valid certifi cate of incorporation, proof of shareholding,

or a legal authorization document shall be required if the

Seller is a legal entity or any other organization, which shall

sign a consignment auction contract with the Company.

3.When the Seller signs a consignment auction contract

with the Company, the Company shall be automatically authorized to make pictures, illustrations, catalogues, or other

video images of the Lot.

ARTICLE 6 THE SELLER'S AGENT

1.When arranging for the consignment of the Lot to the

Company for auction, the Seller's Agent shall submit to the

Company the relevant authorization certifi cates including:

2.A valid identity document if such Agent is a natural person;

3.A valid certifi cate of incorporation and proof of shareholding if

such Agent is a legal person or any other organization; and

4.A power of attorney duly executed. ﬔ e Company has the right

to examine the aforesaid documents in a lawful manner.

ARTICLE 7 THE SELLER'S WARRANTIES

ﬔ e Seller hereby makes irrevocable warranties to the Company and the Buyer with respect to the Lot it consigns to the

Company for auction as follows:

1.ﬔ e Seller has absolute ownership or legal right to dispose of

the Lot. ﬔ e auction of the Lot will not prejudice any legal interest (including copyright interest) of any third party, and will not

violate the provisions of relevant laws and regulations;

2.ﬔ e Seller has, to the best of its knowledge, made full, complete and accurate disclosure and description to the Company with respect to the origin and any fl aw of the Lot and

notifi ed the Company in writing, without any concealment or

fabrication. If the Lot is liquor or tea, the Seller should truly

disclose the defects or fl aws about, including but not limit to

the packaging, labels, level of wear and tear, corks, etc.;

3.ﬔ e Seller is not subject to trade sanctions, embargoes or

any other restriction on trade in the jurisdiction in which it

does business as well as under the laws of Hong Kong, the

laws of the European Union, the laws of England and Wales

or the laws and regulations of the United States, and is not

owned (nor partly owned) or controlled by such sanctioned

person(s) (collectively, "Sanctioned Person(s)");

4.ﬔ e Lot is not connected with nor has any link to nor is derived from any criminal activity, including without limitation

tax evasion, money laundering, terrorist activities or other

criminal activity, and the Seller is neither under investigation, nor has it been charged with or convicted of without

limitation, tax evasion, money laundering, terrorist activities

or other criminal activity;

5.If the Lot being consigned shall be imported into Hong Kong,

the Seller shall guarantee the compliance with the laws of its

origin, and ensure the completion of the export and import procedures and notify the Company in writing; and

6.ﬔ e Seller must ensure that the auctioned items do not contravene any laws of Hong Kong (including the Public Health and

Municipal Services Ordinance, the Food Safety Ordinance and

the Protection of Endangered Species of Animals and Plants

Ordinance the Endangered Species of Wild Animals and Plants),

ensure and disclose to our Company that it has any license

or qualifi cation registration to possess, disposal or sale of the

auctioned item required by the laws of Hong Kong. ﬔ e Seller

should ensure that if they require our Company to make an

additional license or permit to the relevant departments for the

auction, display, disposal or possession of the auctioned items,

they should notify us in the written notice not less than two

months prior to the auction.

7.ﬔ e Seller shall guarantee that the Lot is authentic. In so

doing, the Seller guarantees:

a)ﬔ e Lot is not a counterfeit or forgery of:

i.ﬔ e work of any artist, author or manufacturer, if the Lot is

described by the Seller as to the work of that artist, author or

manufacturer;

ii.A work created or produced within a particular time frame

or culture, if the Lot is described by the Seller as a work created or produced during that time frame or culture;

iii.A work of a particular origin or source, if the Lot is described by the Seller as a work of that origin or source; or

iv.A work created or craft ed or refi ned or restored through a

particular process or manner, if the Lot is described by the

Seller as a work created through that process or manner.

b)In the case of jewellery and timepieces, in addition to 7(a)

above, the Lot is craft ed in the manner as described by the

Seller, out of the particular materials as described by the

Seller, and had underwent no restoration processes other

than those stated by the Seller; and

c)In the case of gemstones, in addition to 7(a) above, the Lot

had undergone no beautifi cation processes other than those

CONDITION OF BUSINESS

第210页

specifi ed by the Seller.

8.The Seller hereby undertakes that none of the Proceeds

of Sale will be transferred to or used for the benefi t of any

Sanctioned Person(s), nor will any party involved in the transaction including fi nancial institutions, freight forwarders or

other forwarding agents or any other party be a Sanctioned

Person(s) nor owned (or partly owned) or controlled by a

Sanctioned Person(s), unless such activity is authorized in

writing by the government authority having jurisdiction over

the transaction or in applicable law or regulation.

9.Where the Seller is acting as Agent (for the purposes of

this Article, the "Agent") for another party (the "Principal")

the Agent warrants in its own capacity (in addition to the

warranties set out above that: (i) the arrangements between

the Agent and the Principal in relation to the Lot or otherwise

do not, in whole or in part, facilitate tax crimes; (ii) the Agent

has conducted appropriate customer due diligence on the

Principal in accordance with all applicable anti-money laundering, anti-terrorism and sanctions laws and regulations

and does not know, and has no reason to suspect, that the

Lot consigned by the Agent is connected with or has any link

to the proceeds of any criminal activity, including without

limitation tax evasion, money laundering, terrorist activities

or other criminal activity or that the Principal is under investigation, or has been charged with or convicted of without limitation tax evasion, money laundering, terrorist activities or

other criminal activity; and (iii) the Agent will disclose to the

Company the identity of the Agent's Principal and the Agent

consents to the Company relying on the Agent's due diligence and the Agent will retain for a period of not less than 5

years the documentation evidencing the due diligence. ﬔ e

Agent will make such documentation promptly available for

immediate inspection by an independent third-party upon

the Company's written request to do so.

10.ﬔ e Company reserves the right to seek identifi cation of

the source of funds received, and to make enquiries about any

person transacting with the Company. If the Company has not

completed its enquiries in respect of anti-money laundering, anti-terrorist fi nancing or other checks as it considers appropriate

concerning the Seller or where the Seller is acting as Agent, the

Agent and its Principal, or the Buyer to the Company's satisfaction at its discretion, the Company shall be entitled either not to

complete or to cancel the sale of any lot, as appropriate, and to

take any further action required or permitted under applicable

law without any liability to the Seller.

11.If the Seller violates any of the above warranties and

undertakings, the Seller shall fully indemnify all losses, costs

and expenses suff ered by the Company and/or the Buyer.

ARTICLE 8 RESERVE

1.Unless otherwise agreed upon by the Company and the

Seller, all Lots are off ered subject to a Reserve. ﬔ e Reserve

shall be determined by the Seller and the Company in writing

through consultation, and no modification of the Reserve

shall be made without the prior consent of the other party

aft er it is determined by both parties.

2.Unless otherwise agreed in writing, the Reserve for each

Lot will be equal to seventy fi ve per cent (75%) of the low presale estimate notifi ed to the Seller.

3.No Reserve may exceed the Lot's final low pre-sale estimate announced or published by the Company. In the event

of a Reserve agreed in a currency other than Hong Kong

dollars without written agreement on the exchange rate, the

Reserve shall be an amount equal to the Hong Kong dollar

equivalent based on the average telegraphic transfer exchange rate off ered by HSBC on the thirtieth calendar days

preceding the auction.

4.Following the bidding failure of the Lot authorized by the

Seller, the Auctioneer shall have the right to sell such Lot at

the Reserve aft er such auction and the Seller must pay the

Commission to the Auctioneer. In no circumstance shall the

Company bear any liability for failure to sell the Lot at the

Reserve at the auction held by the Company.

ARTICLE 9 THE COMPANY'S DISCRETION

ﬔ e Company may decide the following matters at its absolute discretion:

1.Explanation and/or appraisal of any aspect of any Lot

through the catalogue of the Lot and/or news media and/or

other carriers;

2.Whether to consult any expert or not;

3.ﬔ e illustration of the Lot in the catalogue, the exhibition of

the Lot and other forms of publicizing the Lot, the arrangement in the promotional activities as well as the standards of

payable expenses;

4.Suitability of a Lot for auction by the Company;

5.Other matters such as the date of auction, the place of auction, the conditions of auction and the manner of auction.

ﬔ e Company shall not be liable for any delay in meeting nor

failure to meet its obligations under the consignment auction

contract (including without limitation the postponement or

cancellation of any auction) and may terminate its obligations under the consignment auction contract to offer the

Lot for sale, or cancel or postpone any auction, as a result

of circumstances beyond its reasonable control or which

make such performance impracticable, including without

limitation any fi re, fl ood, natural disaster, or other act of God;

any riot, strike, or other civil or labour unrest; transportation

or other infrastructural incapacitation, or inability to secure

suffi cient labour, power, essential commodities, or necessary

equipment; any act of war, armed confl ict, or terrorist attack;

any governmental action or regulation enacted or effected

following the execution of the consignment auction contract

and which is prohibitive or restrictive of the auction(s), the

sale of the Lot, or any other performance contemplated by

the consignment auction contract; any outbreak of disease,

public health emergency, quarantine, epidemic, pandemic,

nuclear or chemical contamination, or other condition that

threatens the life, health, or safety of the Company's personnel, vendors, or clients as determined by the Company in its

reasonable discretion.

Without prejudice to the above, in the event that the Company determines not to conduct an auction on the scheduled

date as a result of circumstances beyond its control or which

make such performance impracticable, the Company may

postpone or cancel any auction, or change the platform for

or format of any auction (including but not limited to from a

live auction to an online auction only), and the sale of the Lot

shall be subject to these Conditions of Business applicable

to the auction in which the Lot will be placed.

ARTICLE 10 LOT NOT AUCTIONED

Aft er the Seller has signed the consignment auction contract

with and delivered the Lot to the Company, if for any reason

the Company believes that the Lot is not suitable for auction

by the Company, the Seller shall collect the Lot within thirty

days from the issuance date of the Company's notice (fees

for packaging and transportation shall be at the Seller's own

expense). The consignment auction contract between the

Seller and the Company will terminate on the date when the

Seller collects the Lot. If during the above-mentioned period

the Seller fails to collect the Lot, the consignment auction

contract will automatically terminate upon the expiration of

such period. If within seven days aft er the termination of the

consignment auction contract the Seller does not collect the

Lot, the Company shall have the right to charge the Storage

Fee, insurance fees and other reasonable expenses, and to

dispose of the Lot in a way the Company deems proper. ﬔ e

Seller is responsible for the collection of, if any, the amount

obtained from the disposal aft er deducting all the fees and

expenses incurred by the Company.

ARTICLE 11 SUSPENSION OF AUCTION

ﬔ e Company has the right to suspend the auction of any Lot

at any time before the actual auction in any one of the following situations:

1.ﬔ e Company has an objection to the ownership or authenticity of the Lot;

2.Any third party has an objection to the ownership or

authenticity of the Lot and can provide relevant evidence

materials as to the basis of such objection, pays a security

pursuant to the Company's requirements and is willing to

take the corresponding liabilities for the legal consequences

and all losses caused by the suspension of auction;

3.The Company has an objection to the explanation of the

Seller or the accuracy of the Seller's warranty mentioned in

Article 7 hereof;

4.Any evidence proves the Seller has violated or will violate

any provisions of these Conditions of Business;

5.For any other reason, the Company believes that the auction of such Lot shall be suspended; or

6.If the Company is aware of any ownership or other dispute

in relation to the Lot being consigned for auction, the Company shall have the right to refuse to return such Lot until the

dispute is settled.

ARTICLE 12 THE SELLER'S WITHDRAWAL OF LOT

The Seller may withdraw the Lot at any time prior to the

Auction Date by issuing a written notice to the Company.

In the case that the Lot has been listed in the catalogue or

other public materials and they have begun to be printed at

the time of the withdrawal of the Lot, the Seller shall pay an

amount equal to 20% of the Reserve of the Lot and all other

expenses. In the case that the catalogue or other public materials have not been printed, the Seller shall pay an amount

equal to 10% of the Reserve of the Lot and all other expenses. Any dispute or claim arising out of the Seller's withdrawal

of the Lot shall be borne by the Seller and has nothing to do

with the Company.

ARTICLE 13 AUTOMATIC INSURANCE

Unless otherwise instructed by the Seller in writing, all Lots

will be automatically covered under the insurance policies

purchased by the Company aft er the Seller enters into the

consignment auction contract with the Company and delivers the Lots to the Company. The insured amount shall be

based on the Reserve agreed by the Seller and the Company

in the consignment auction contract (if there is no Reserve, it

shall be the agreed insured amount of the Lot; if the Reserve

is adjusted, it shall be the original Reserve of the Lot). ﬔ e

insured amount is only applicable to insurance and claim for

compensation, is not the Company's warranty or guarantee

for the value of the Lot, and does not mean that the Lot can

be sold for an amount equal to the insured amount through

any auction by the Company.

ARTICLE 14 INSURANCE PREMIUM

If the Lot is sold, the insurance premium payable by the Seller

shall be 1% of the Hammer Price unless otherwise agreed by

the Seller and the Company. If the Lot is not sold, the Seller

shall as well pay the insurance premium at 1% of the Reserve.

ARTICLE 15 INSURANCE PERIOD

If the Lot is sold in the auction, the insurance period shall

terminate at the earlier of the seventh day aft er the Sale Date

(including the Sale Date) and the date when the Buyer collects

the Lot. If the Lot is not sold in the auction, the insurance period

shall terminate upon the expiry of thirty days aft er the Company

issues the notice on the collection of the Lot.

ARTICLE 16 INSURANCE BY THE SELLER

In the event that the Seller notifi es the Company in writing

not to insure the Lot, it shall undertake all the risks and the

following liabilities at any time (unless otherwise ruled by an

arbitration institution):

1.To compensate for any claim or action brought by any other

parties against the Company with respect to the damage or

destruction of the Lot;

2.To compensate the Company and/or any other parties for

all losses suff ered and all expenses incurred because of the

damage or destruction of the Lot caused by any reason; and

3.To notify the compensation related provisions herein to any

insurer of the Lot.

ARTICLE 17 INSURANCE DISCLAIMER

ﬔ e damage or destruction of the Lot caused by natural wear,

inherent flaws, internal or potential defects, change of substance itself, self-combustion, self-heating, oxidation, corrosion,

leakage, rat-bite, worm-bite, change in the atmosphere (climate

or air temperature), change in humidity or temperature, or other

gradual changes or caused by force majeure such as earthquake, tsunami, war, hostile action, armed confl ict, terrorism,

coup, strike and social riot, or nuclear radiation or radioactive

pollution as well as the damage or destruction of book frames,

glass, drawers, bottom pads, trestles, mountings, insert pages,

scroll heads or other similar accessories caused by any reason

is not within the scope of insurance coverage. The aforesaid

risks should be borne by the Seller.

ARTICLE 18 INSURANCE INDEMNITY

Any damage or destruction of the Lot caused by incidents or

disasters covered by the insurance purchased by the Company for the Lot shall be handled in accordance with the laws of

Hong Kong on insurance. ﬔ e Company shall pay insurance

indemnities aft er deducting the Company's expenses (other

than the Commission) to the Seller after the Company obtains such indemnities from the insurance company.

ARTICLE 19 BIDDING PROHIBITION

ﬔ e Seller shall not bid for the Lot consigned to the Company

by himself/herself/itself for auction, or authorize any other

person to bid on his/her/its behalf. Only the Company has

the right to bid on behalf of the Seller at a price not more

than the Reserve. ﬔ e Seller shall bear all legal liabilities and

compensate for all losses caused to the Company if the Seller violates this Article.

ARTICLE 20 COMMISSION AND EXPENSES

Unless otherwise agreed upon by the Seller and the Company, the Seller shall authorize the Company to deduct 10%

of the Hammer Price as Commission and at the same time

deduct other expenses. Despite the fact that the Company is

the Seller's Agent, the Seller agrees that the Company may

collect the Commission and other expenses from the Buyer

in accordance with the provisions in Article 49 hereof.

ARTICLE 21 SERVICE FEE FOR UNSOLD LOT

In case the Lot is not sold because the bidding price is lower

than the Reserve, the Seller shall authorize the Company to

charge the Seller a service fee for unsuccessful auction and

other expenses.

ARTICLE 22 PAYMENT OF PROCEEDS OF SALE

Where the Buyer eff ects full payment of the Purchase Price

to the Company in accordance with the provisions in Article

49 hereof, the Company shall pay the Proceeds of Sale to

the Seller thirty-fi ve days aft er the Sale Date in Hong Kong

dollars.

ARTICLE 23 DEFERRED PAYMENT

Where the Company does not receive the full payment of the

Purchase Price from the Buyer upon the expiry of the payment

period under Article 51 hereof, the Company will pay the Proceeds of Sale to the Seller within seven working days after

receipt of full payment of the Purchase Price from the Buyer.

ARTICLE 24 SELLER TAXES

ﬔ e Seller shall pay taxes to the government for the Proceeds

of Sale obtained. If the Company has an obligation to withhold and pay taxes according to the provisions of the relevant laws, the Company will follow the provisions of the laws.

ﬔ e Seller shall assist in handling all the formalities and bear

the corresponding taxes and expenses.

ARTICLE 25 ASSISTANCE IN THE COLLECTION OF

OUTSTANDING PAYMENT

ﬔ e Seller shall, at the time of its consignment of the Lot to

the Company for auction, be deemed to have authorized the

Company to demand the corresponding outstanding payment from the Buyer on behalf of the Seller. Where the Buyer

fails to fully pay the Purchase Price within seven days aft er

the Sale Date (including the Sale Date), the Company shall

have the right to demand the Commission and other Buyer's

Expenses according to the provisions of Article 58 hereof.

In addition, the Company shall as well have the right to take

appropriate actions (including but not limited to resorting

to legal proceedings) to assist the Seller in collecting such

outstanding payment from the Buyer where it is deemed by

the Company to be practicable. ﬔ e above provision does not

exclude the Seller's right to demand in person or authorize

any third party to demand the outstanding payment from

the Buyer and does not obligate the Company to demand

the corresponding outstanding payment from the Buyer on

behalf of the Seller under any circumstance. ﬔ is Company

shall not bear the corresponding liability for the Seller because of the Buyer's failure to pay the Purchase Price under

any circumstance.

ARTICLE 26 THE COMPANY'S DISCRETION

ﬔ e Company shall have the right to accept the Seller's authorization (at the Seller's expenses) and may determine the

following matters as the case may be:

1.To agree on special conditions of the payment of the Purchase Price;

2.To remove, store and insure the sold Lot;

3.To settle claims brought by the Buyer or the Seller in accordance with the relevant articles hereof; and

4.To take other necessary measures to collect the outstanding payment owed by the Buyer to the Seller.

ARTICLE 27 UNSOLD OR UNCOLLECTED LOT

1.In the event that the Lot is not sold, the Company may

re-negotiate with the Seller on the revised Reserve and sell

the Lot in private sale, and pay the Seller the Proceeds of

Sales adjusted based on the revised Reserve.

2.ﬔ e Company will send the Seller a notice if any Lot fails to

sell at auction or privately pursuant to 1 above. Subject to

27.1 above, unsold Lots may either be consigned to the Company for re-sale according to the Commission and expenses

scale set out in the previous consignment auction contract

or, alternatively, collected by the Seller. If the Seller decides

to collect an unsold Lot, the Company may charge the Seller

the commission and expenses applicable to unsold Lots in

accordance with the consignment auction contract.

3.If the Seller fails either to reconsign or collect the Lot within thirty (30) days of the auction, the Company is released

from any duty of bailment it may have for such Lot and shall,

in its sole discretion, be entitled to (i) store the Lot at an

independent storage facility at the Seller's risk and expense

including the Storage Fee, insurance fees and other reasonable expenses; or (ii) re-off er the Lot for sale at public auction

(at the Company or elsewhere) with a reserve no less than

fi ft y per cent (50%) of the Reserve at which it was previously

off ered.

4.In the event of re-sale pursuant to 3(ii) above, the Company

shall be entitled to deduct the commissions and expenses

for the unsuccessful auction in accordance with the consignment auction contract as well as the commissions and

expenses for the re-sale from the Proceeds of Sale before

paying the remaining amount to the Seller.

5.In the event a Lot has been deposited with the Company

for more than one year and the owner has neither collected

it nor consigned it for sale, the Company shall be entitled to

sell such property at auction (at the Company or elsewhere)

after sixty (60) days notice of such sale to the owner's address, with estimates and reserves at the Company's discretion.

6.Any re-sale of unsold Lots or sale of uncollected Lots shall

be conducted under these Conditions of Business applicable

to the relevant auction. The proceeds of such sale less all

costs incurred by the Company will be forfeited unless collected by the Seller within two years of the sale.

ARTICLE 28 RISK ASSUMPTION

The Seller shall assume liability for all risks and expenses

that occur aft er the time limit prescribed herein if the Seller

fails to take back the Lot not auctioned or the unsold Lot

within such the time limit. The Seller shall assume liability

for all risks and expenses of the Lot not auctioned or the unsold Lot at the earlier of the thirtieth day aft er the Company

issues notice on collection of the Lot to the Seller (including

the notice date) and the time when the Seller collects the

Lot in accordance with these Conditions of Business. Where

the Seller requests Company to assist it in the return of the

Lot within the time limit provided herein and the Company

so agrees, the Seller shall assume liability for all risks and

expenses that occur after the Lot leaves the place designated by the Company. Unless the Seller specifically gives

an indication and pays insurance premium in advance, the

Company has no obligation to ensure the Lot for any period

aft er it departs from the place designated by the Company.

Where the Seller requests the Company to assist it in returning the Lot by means of post, express delivery or other

third-party transportation, the Company shall be deemed

to have returned the Lot, and the Seller shall be deemed to

have collected the Lot upon the Company's delivery of the

Lot to the post, express delivery and transportation entities,

companies or their employees/branch offi ces.

CHAPTER III THE BIDDER AND THE BUYER

ARTICLE 29 RESPONSIBILITIES OF THE BIDDER

AND THE COMPANY IN RESPECT OF THE LOT

1. ﬔ e Company's perception of all Lots partly relies on the

information provided by the Seller, the Company is unable

and will not carry out comprehensive inspection of all Lots.

Bidders are aware of this and bear the responsibilities of

inspecting and testing the original Lots so that Bidders will

be satisfi ed with those Lots in which they may be interested.

2. All Lots for sale by the Company are available for viewing

by Bidders. By bidding, Bidders and/or their agents are

deemed to have carried out thorough examination of the

Lots, and are deemed to be satisfi ed with the conditions of

the Lots and the accuracy of their description.

3. Bidders acknowledge that various Lots are dated long time

ago and of special categories, implying that the Lots are not

perfect and not free from defects. All Lots are sold on an"as

is" basis at the time of the auction (whether or not Bidders

attend the auction). Condition reports may be provided when

during the viewing period. Under certain circumstances,

catalogue descriptions and condition reports may be used

for reference about certain defects of the Lots. Nevertheless,

Bidders should pay attention that the Lots may have other

defects not clearly stated in the catalogue descriptions and

condition reports.

4. Regarding the information about the Lot provided to

Bidders, including any forecast information (written or

verbal), catalogues and other reports, commentaries or

estimated values, such information are not statement of

facts, but rather are statements of the opinion that the

Company holds. Such information can be altered at the sole

discretion of the Company from time to time.

5. ﬔ e Company or the Seller has not made any declaration

or warranty as to whether any Lot is subject to any copyright

or whether the Buyer has bought the copyright of any Lot.

6. In accordance with the matters contained in Article 29 (1) to

29 (5) of the Conditions of Business and the special exemption

contained in Article 30 of the Conditions of Business, the

descriptions in the catalogue and in the condition reports are

written in a reasonably prudent manner (and such should

be in line with those terms of the Conditions of Business

regarding the Company serving as Auction Agent) based on

(1) the information provided by the Seller to the Company; (2)

academic and technical knowledge (if any); and (3) generally

accepted opinions of the relevant experts.

ARTICLE 30 THE COMPANY'S EXEMPTION AND

RESTRICTION OF RESPONSIBILITIES TO THE BUYER

1. If the Company considers the Lot as forgery, it shall return

the Hammer Price and Buyer's Commission to the Buyer.

2. Subject to the matters contained in Article 29 of the

Conditions of Business and the rules in Article 30 (1) and 30

(5) of the Conditions of Business, the Company shall not:

(1) be responsible for any errors or omissions in the

information provided by the Company to the Bidder verbally

or in writing, no matter whether this is caused by negligence

or other reasons, with the exception of provision contained

in Article 29 (6) of the Conditions of Business;

(2) make any guarantee or warranty to the Bidder, excluding

any implied warranty and rules other than the expressed

warranty that the Seller has entrusted the Company to make

to the Buyer (with the exception of those responsibilities that

cannot be discharged according to the stipulations of laws);

(3) be accountable to any Bidder for any actions or omissions

of the Company regarding the auction or the sale of any Lot (no

matter whether this is caused by negligence or other reasons).

3. Unless the Company owns the Lot to be sold, it shall not

be responsible for any breach of the Conditions of Business

by the Seller.

4. Without aff ecting Article 30 (2) of these rules, any claim

for compensation that the Bidder makes to the Company

or the Seller shall be limited to the Hammer Price and the

Buyer's Commission of the Lot. Under no circumstances

shall the Company and the Seller bear any consequential

losses incurred by the Buyer.

ARTICLE 31 CATALOGUE AND OTHER EXPLANATION

OF THE LOT

ﬔ e Company shall prepare a catalogue of the Lot to briefl y

introduce the conditions of the Lot with words and/or

pictures to facilitate the Bidder and Seller to participate in

the auction held by the Company. ﬔ e words and Estimate

in the catalogue of the Lot, pictures, other images as well

as public materials are only references for the Bidder and

may be revised before auction. The Company provides

no guarantee for the authenticity, value, tone, quality or

specifi ed by the Seller.

8.The Seller hereby undertakes that none of the Proceeds

of Sale will be transferred to or used for the benefi t of any

Sanctioned Person(s), nor will any party involved in the transaction including fi nancial institutions, freight forwarders or

other forwarding agents or any other party be a Sanctioned

Person(s) nor owned (or partly owned) or controlled by a

Sanctioned Person(s), unless such activity is authorized in

writing by the government authority having jurisdiction over

the transaction or in applicable law or regulation.

9.Where the Seller is acting as Agent (for the purposes of

this Article, the "Agent") for another party (the "Principal")

the Agent warrants in its own capacity (in addition to the

warranties set out above that: (i) the arrangements between

the Agent and the Principal in relation to the Lot or otherwise

do not, in whole or in part, facilitate tax crimes; (ii) the Agent

has conducted appropriate customer due diligence on the

Principal in accordance with all applicable anti-money laundering, anti-terrorism and sanctions laws and regulations

and does not know, and has no reason to suspect, that the

Lot consigned by the Agent is connected with or has any link

to the proceeds of any criminal activity, including without

limitation tax evasion, money laundering, terrorist activities

or other criminal activity or that the Principal is under investigation, or has been charged with or convicted of without limitation tax evasion, money laundering, terrorist activities or

other criminal activity; and (iii) the Agent will disclose to the

Company the identity of the Agent's Principal and the Agent

consents to the Company relying on the Agent's due diligence and the Agent will retain for a period of not less than 5

years the documentation evidencing the due diligence. ﬔ e

Agent will make such documentation promptly available for

immediate inspection by an independent third-party upon

the Company's written request to do so.

10.ﬔ e Company reserves the right to seek identifi cation of

the source of funds received, and to make enquiries about any

person transacting with the Company. If the Company has not

completed its enquiries in respect of anti-money laundering, anti-terrorist fi nancing or other checks as it considers appropriate

concerning the Seller or where the Seller is acting as Agent, the

Agent and its Principal, or the Buyer to the Company's satisfaction at its discretion, the Company shall be entitled either not to

complete or to cancel the sale of any lot, as appropriate, and to

take any further action required or permitted under applicable

law without any liability to the Seller.

11.If the Seller violates any of the above warranties and

undertakings, the Seller shall fully indemnify all losses, costs

and expenses suff ered by the Company and/or the Buyer.

ARTICLE 8 RESERVE

1.Unless otherwise agreed upon by the Company and the

Seller, all Lots are off ered subject to a Reserve. ﬔ e Reserve

shall be determined by the Seller and the Company in writing

through consultation, and no modification of the Reserve

shall be made without the prior consent of the other party

aft er it is determined by both parties.

2.Unless otherwise agreed in writing, the Reserve for each

Lot will be equal to seventy fi ve per cent (75%) of the low presale estimate notifi ed to the Seller.

3.No Reserve may exceed the Lot's final low pre-sale estimate announced or published by the Company. In the event

of a Reserve agreed in a currency other than Hong Kong

dollars without written agreement on the exchange rate, the

Reserve shall be an amount equal to the Hong Kong dollar

equivalent based on the average telegraphic transfer exchange rate off ered by HSBC on the thirtieth calendar days

preceding the auction.

4.Following the bidding failure of the Lot authorized by the

Seller, the Auctioneer shall have the right to sell such Lot at

the Reserve aft er such auction and the Seller must pay the

Commission to the Auctioneer. In no circumstance shall the

Company bear any liability for failure to sell the Lot at the

Reserve at the auction held by the Company.

ARTICLE 9 THE COMPANY'S DISCRETION

ﬔ e Company may decide the following matters at its absolute discretion:

1.Explanation and/or appraisal of any aspect of any Lot

through the catalogue of the Lot and/or news media and/or

other carriers;

2.Whether to consult any expert or not;

3.ﬔ e illustration of the Lot in the catalogue, the exhibition of

the Lot and other forms of publicizing the Lot, the arrangement in the promotional activities as well as the standards of

payable expenses;

4.Suitability of a Lot for auction by the Company;

5.Other matters such as the date of auction, the place of auction, the conditions of auction and the manner of auction.

ﬔ e Company shall not be liable for any delay in meeting nor

failure to meet its obligations under the consignment auction

contract (including without limitation the postponement or

cancellation of any auction) and may terminate its obligations under the consignment auction contract to offer the

Lot for sale, or cancel or postpone any auction, as a result

of circumstances beyond its reasonable control or which

make such performance impracticable, including without

limitation any fi re, fl ood, natural disaster, or other act of God;

any riot, strike, or other civil or labour unrest; transportation

or other infrastructural incapacitation, or inability to secure

suffi cient labour, power, essential commodities, or necessary

equipment; any act of war, armed confl ict, or terrorist attack;

any governmental action or regulation enacted or effected

following the execution of the consignment auction contract

and which is prohibitive or restrictive of the auction(s), the

sale of the Lot, or any other performance contemplated by

the consignment auction contract; any outbreak of disease,

public health emergency, quarantine, epidemic, pandemic,

nuclear or chemical contamination, or other condition that

threatens the life, health, or safety of the Company's personnel, vendors, or clients as determined by the Company in its

reasonable discretion.

Without prejudice to the above, in the event that the Company determines not to conduct an auction on the scheduled

date as a result of circumstances beyond its control or which

make such performance impracticable, the Company may

postpone or cancel any auction, or change the platform for

or format of any auction (including but not limited to from a

live auction to an online auction only), and the sale of the Lot

shall be subject to these Conditions of Business applicable

to the auction in which the Lot will be placed.

ARTICLE 10 LOT NOT AUCTIONED

Aft er the Seller has signed the consignment auction contract

with and delivered the Lot to the Company, if for any reason

the Company believes that the Lot is not suitable for auction

by the Company, the Seller shall collect the Lot within thirty

days from the issuance date of the Company's notice (fees

for packaging and transportation shall be at the Seller's own

expense). The consignment auction contract between the

Seller and the Company will terminate on the date when the

Seller collects the Lot. If during the above-mentioned period

the Seller fails to collect the Lot, the consignment auction

contract will automatically terminate upon the expiration of

such period. If within seven days aft er the termination of the

consignment auction contract the Seller does not collect the

Lot, the Company shall have the right to charge the Storage

Fee, insurance fees and other reasonable expenses, and to

dispose of the Lot in a way the Company deems proper. ﬔ e

Seller is responsible for the collection of, if any, the amount

obtained from the disposal aft er deducting all the fees and

expenses incurred by the Company.

ARTICLE 11 SUSPENSION OF AUCTION

ﬔ e Company has the right to suspend the auction of any Lot

at any time before the actual auction in any one of the following situations:

1.ﬔ e Company has an objection to the ownership or authenticity of the Lot;

2.Any third party has an objection to the ownership or

authenticity of the Lot and can provide relevant evidence

materials as to the basis of such objection, pays a security

pursuant to the Company's requirements and is willing to

take the corresponding liabilities for the legal consequences

and all losses caused by the suspension of auction;

3.The Company has an objection to the explanation of the

Seller or the accuracy of the Seller's warranty mentioned in

Article 7 hereof;

4.Any evidence proves the Seller has violated or will violate

any provisions of these Conditions of Business;

5.For any other reason, the Company believes that the auction of such Lot shall be suspended; or

6.If the Company is aware of any ownership or other dispute

in relation to the Lot being consigned for auction, the Company shall have the right to refuse to return such Lot until the

dispute is settled.

ARTICLE 12 THE SELLER'S WITHDRAWAL OF LOT

The Seller may withdraw the Lot at any time prior to the

Auction Date by issuing a written notice to the Company.

In the case that the Lot has been listed in the catalogue or

other public materials and they have begun to be printed at

the time of the withdrawal of the Lot, the Seller shall pay an

amount equal to 20% of the Reserve of the Lot and all other

expenses. In the case that the catalogue or other public materials have not been printed, the Seller shall pay an amount

equal to 10% of the Reserve of the Lot and all other expenses. Any dispute or claim arising out of the Seller's withdrawal

of the Lot shall be borne by the Seller and has nothing to do

with the Company.

ARTICLE 13 AUTOMATIC INSURANCE

Unless otherwise instructed by the Seller in writing, all Lots

will be automatically covered under the insurance policies

purchased by the Company aft er the Seller enters into the

consignment auction contract with the Company and delivers the Lots to the Company. The insured amount shall be

based on the Reserve agreed by the Seller and the Company

in the consignment auction contract (if there is no Reserve, it

shall be the agreed insured amount of the Lot; if the Reserve

is adjusted, it shall be the original Reserve of the Lot). ﬔ e

insured amount is only applicable to insurance and claim for

compensation, is not the Company's warranty or guarantee

for the value of the Lot, and does not mean that the Lot can

be sold for an amount equal to the insured amount through

any auction by the Company.

ARTICLE 14 INSURANCE PREMIUM

If the Lot is sold, the insurance premium payable by the Seller

shall be 1% of the Hammer Price unless otherwise agreed by

the Seller and the Company. If the Lot is not sold, the Seller

shall as well pay the insurance premium at 1% of the Reserve.

ARTICLE 15 INSURANCE PERIOD

If the Lot is sold in the auction, the insurance period shall

terminate at the earlier of the seventh day aft er the Sale Date

(including the Sale Date) and the date when the Buyer collects

the Lot. If the Lot is not sold in the auction, the insurance period

shall terminate upon the expiry of thirty days aft er the Company

issues the notice on the collection of the Lot.

ARTICLE 16 INSURANCE BY THE SELLER

In the event that the Seller notifi es the Company in writing

not to insure the Lot, it shall undertake all the risks and the

following liabilities at any time (unless otherwise ruled by an

arbitration institution):

1.To compensate for any claim or action brought by any other

parties against the Company with respect to the damage or

destruction of the Lot;

2.To compensate the Company and/or any other parties for

all losses suff ered and all expenses incurred because of the

damage or destruction of the Lot caused by any reason; and

3.To notify the compensation related provisions herein to any

insurer of the Lot.

ARTICLE 17 INSURANCE DISCLAIMER

ﬔ e damage or destruction of the Lot caused by natural wear,

inherent flaws, internal or potential defects, change of substance itself, self-combustion, self-heating, oxidation, corrosion,

leakage, rat-bite, worm-bite, change in the atmosphere (climate

or air temperature), change in humidity or temperature, or other

gradual changes or caused by force majeure such as earthquake, tsunami, war, hostile action, armed confl ict, terrorism,

coup, strike and social riot, or nuclear radiation or radioactive

pollution as well as the damage or destruction of book frames,

glass, drawers, bottom pads, trestles, mountings, insert pages,

scroll heads or other similar accessories caused by any reason

is not within the scope of insurance coverage. The aforesaid

risks should be borne by the Seller.

ARTICLE 18 INSURANCE INDEMNITY

Any damage or destruction of the Lot caused by incidents or

disasters covered by the insurance purchased by the Company for the Lot shall be handled in accordance with the laws of

Hong Kong on insurance. ﬔ e Company shall pay insurance

indemnities aft er deducting the Company's expenses (other

than the Commission) to the Seller after the Company obtains such indemnities from the insurance company.

ARTICLE 19 BIDDING PROHIBITION

ﬔ e Seller shall not bid for the Lot consigned to the Company

by himself/herself/itself for auction, or authorize any other

person to bid on his/her/its behalf. Only the Company has

the right to bid on behalf of the Seller at a price not more

than the Reserve. ﬔ e Seller shall bear all legal liabilities and

compensate for all losses caused to the Company if the Seller violates this Article.

ARTICLE 20 COMMISSION AND EXPENSES

Unless otherwise agreed upon by the Seller and the Company, the Seller shall authorize the Company to deduct 10%

of the Hammer Price as Commission and at the same time

deduct other expenses. Despite the fact that the Company is

the Seller's Agent, the Seller agrees that the Company may

collect the Commission and other expenses from the Buyer

in accordance with the provisions in Article 49 hereof.

ARTICLE 21 SERVICE FEE FOR UNSOLD LOT

In case the Lot is not sold because the bidding price is lower

than the Reserve, the Seller shall authorize the Company to

charge the Seller a service fee for unsuccessful auction and

other expenses.

ARTICLE 22 PAYMENT OF PROCEEDS OF SALE

Where the Buyer eff ects full payment of the Purchase Price

to the Company in accordance with the provisions in Article

49 hereof, the Company shall pay the Proceeds of Sale to

the Seller thirty-fi ve days aft er the Sale Date in Hong Kong

dollars.

ARTICLE 23 DEFERRED PAYMENT

Where the Company does not receive the full payment of the

Purchase Price from the Buyer upon the expiry of the payment

period under Article 51 hereof, the Company will pay the Proceeds of Sale to the Seller within seven working days after

receipt of full payment of the Purchase Price from the Buyer.

ARTICLE 24 SELLER TAXES

ﬔ e Seller shall pay taxes to the government for the Proceeds

of Sale obtained. If the Company has an obligation to withhold and pay taxes according to the provisions of the relevant laws, the Company will follow the provisions of the laws.

ﬔ e Seller shall assist in handling all the formalities and bear

the corresponding taxes and expenses.

ARTICLE 25 ASSISTANCE IN THE COLLECTION OF

OUTSTANDING PAYMENT

ﬔ e Seller shall, at the time of its consignment of the Lot to

the Company for auction, be deemed to have authorized the

Company to demand the corresponding outstanding payment from the Buyer on behalf of the Seller. Where the Buyer

fails to fully pay the Purchase Price within seven days aft er

the Sale Date (including the Sale Date), the Company shall

have the right to demand the Commission and other Buyer's

Expenses according to the provisions of Article 58 hereof.

In addition, the Company shall as well have the right to take

appropriate actions (including but not limited to resorting

to legal proceedings) to assist the Seller in collecting such

outstanding payment from the Buyer where it is deemed by

the Company to be practicable. ﬔ e above provision does not

exclude the Seller's right to demand in person or authorize

any third party to demand the outstanding payment from

the Buyer and does not obligate the Company to demand

the corresponding outstanding payment from the Buyer on

behalf of the Seller under any circumstance. ﬔ is Company

shall not bear the corresponding liability for the Seller because of the Buyer's failure to pay the Purchase Price under

any circumstance.

ARTICLE 26 THE COMPANY'S DISCRETION

ﬔ e Company shall have the right to accept the Seller's authorization (at the Seller's expenses) and may determine the

following matters as the case may be:

1.To agree on special conditions of the payment of the Purchase Price;

2.To remove, store and insure the sold Lot;

3.To settle claims brought by the Buyer or the Seller in accordance with the relevant articles hereof; and

4.To take other necessary measures to collect the outstanding payment owed by the Buyer to the Seller.

ARTICLE 27 UNSOLD OR UNCOLLECTED LOT

1.In the event that the Lot is not sold, the Company may

re-negotiate with the Seller on the revised Reserve and sell

the Lot in private sale, and pay the Seller the Proceeds of

Sales adjusted based on the revised Reserve.

2.ﬔ e Company will send the Seller a notice if any Lot fails to

sell at auction or privately pursuant to 1 above. Subject to

27.1 above, unsold Lots may either be consigned to the Company for re-sale according to the Commission and expenses

scale set out in the previous consignment auction contract

or, alternatively, collected by the Seller. If the Seller decides

to collect an unsold Lot, the Company may charge the Seller

the commission and expenses applicable to unsold Lots in

accordance with the consignment auction contract.

3.If the Seller fails either to reconsign or collect the Lot within thirty (30) days of the auction, the Company is released

from any duty of bailment it may have for such Lot and shall,

in its sole discretion, be entitled to (i) store the Lot at an

independent storage facility at the Seller's risk and expense

including the Storage Fee, insurance fees and other reasonable expenses; or (ii) re-off er the Lot for sale at public auction

(at the Company or elsewhere) with a reserve no less than

fi ft y per cent (50%) of the Reserve at which it was previously

off ered.

4.In the event of re-sale pursuant to 3(ii) above, the Company

shall be entitled to deduct the commissions and expenses

for the unsuccessful auction in accordance with the consignment auction contract as well as the commissions and

expenses for the re-sale from the Proceeds of Sale before

paying the remaining amount to the Seller.

5.In the event a Lot has been deposited with the Company

for more than one year and the owner has neither collected

it nor consigned it for sale, the Company shall be entitled to

sell such property at auction (at the Company or elsewhere)

after sixty (60) days notice of such sale to the owner's address, with estimates and reserves at the Company's discretion.

6.Any re-sale of unsold Lots or sale of uncollected Lots shall

be conducted under these Conditions of Business applicable

to the relevant auction. The proceeds of such sale less all

costs incurred by the Company will be forfeited unless collected by the Seller within two years of the sale.

ARTICLE 28 RISK ASSUMPTION

The Seller shall assume liability for all risks and expenses

that occur aft er the time limit prescribed herein if the Seller

fails to take back the Lot not auctioned or the unsold Lot

within such the time limit. The Seller shall assume liability

for all risks and expenses of the Lot not auctioned or the unsold Lot at the earlier of the thirtieth day aft er the Company

issues notice on collection of the Lot to the Seller (including

the notice date) and the time when the Seller collects the

Lot in accordance with these Conditions of Business. Where

the Seller requests Company to assist it in the return of the

Lot within the time limit provided herein and the Company

so agrees, the Seller shall assume liability for all risks and

expenses that occur after the Lot leaves the place designated by the Company. Unless the Seller specifically gives

an indication and pays insurance premium in advance, the

Company has no obligation to ensure the Lot for any period

aft er it departs from the place designated by the Company.

Where the Seller requests the Company to assist it in returning the Lot by means of post, express delivery or other

third-party transportation, the Company shall be deemed

to have returned the Lot, and the Seller shall be deemed to

have collected the Lot upon the Company's delivery of the

Lot to the post, express delivery and transportation entities,

companies or their employees/branch offi ces.

CHAPTER III THE BIDDER AND THE BUYER

ARTICLE 29 RESPONSIBILITIES OF THE BIDDER

AND THE COMPANY IN RESPECT OF THE LOT

1. ﬔ e Company's perception of all Lots partly relies on the

information provided by the Seller, the Company is unable

and will not carry out comprehensive inspection of all Lots.

Bidders are aware of this and bear the responsibilities of

inspecting and testing the original Lots so that Bidders will

be satisfi ed with those Lots in which they may be interested.

2. All Lots for sale by the Company are available for viewing

by Bidders. By bidding, Bidders and/or their agents are

deemed to have carried out thorough examination of the

Lots, and are deemed to be satisfi ed with the conditions of

the Lots and the accuracy of their description.

3. Bidders acknowledge that various Lots are dated long time

ago and of special categories, implying that the Lots are not

perfect and not free from defects. All Lots are sold on an"as

is" basis at the time of the auction (whether or not Bidders

attend the auction). Condition reports may be provided when

during the viewing period. Under certain circumstances,

catalogue descriptions and condition reports may be used

for reference about certain defects of the Lots. Nevertheless,

Bidders should pay attention that the Lots may have other

defects not clearly stated in the catalogue descriptions and

condition reports.

4. Regarding the information about the Lot provided to

Bidders, including any forecast information (written or

verbal), catalogues and other reports, commentaries or

estimated values, such information are not statement of

facts, but rather are statements of the opinion that the

Company holds. Such information can be altered at the sole

discretion of the Company from time to time.

5. ﬔ e Company or the Seller has not made any declaration

or warranty as to whether any Lot is subject to any copyright

or whether the Buyer has bought the copyright of any Lot.

6. In accordance with the matters contained in Article 29 (1) to

29 (5) of the Conditions of Business and the special exemption

contained in Article 30 of the Conditions of Business, the

descriptions in the catalogue and in the condition reports are

written in a reasonably prudent manner (and such should

be in line with those terms of the Conditions of Business

regarding the Company serving as Auction Agent) based on

(1) the information provided by the Seller to the Company; (2)

academic and technical knowledge (if any); and (3) generally

accepted opinions of the relevant experts.

ARTICLE 30 THE COMPANY'S EXEMPTION AND

RESTRICTION OF RESPONSIBILITIES TO THE BUYER

1. If the Company considers the Lot as forgery, it shall return

the Hammer Price and Buyer's Commission to the Buyer.

2. Subject to the matters contained in Article 29 of the

Conditions of Business and the rules in Article 30 (1) and 30

(5) of the Conditions of Business, the Company shall not:

(1) be responsible for any errors or omissions in the

information provided by the Company to the Bidder verbally

or in writing, no matter whether this is caused by negligence

or other reasons, with the exception of provision contained

in Article 29 (6) of the Conditions of Business;

(2) make any guarantee or warranty to the Bidder, excluding

any implied warranty and rules other than the expressed

warranty that the Seller has entrusted the Company to make

to the Buyer (with the exception of those responsibilities that

cannot be discharged according to the stipulations of laws);

(3) be accountable to any Bidder for any actions or omissions

of the Company regarding the auction or the sale of any Lot (no

matter whether this is caused by negligence or other reasons).

3. Unless the Company owns the Lot to be sold, it shall not

be responsible for any breach of the Conditions of Business

by the Seller.

4. Without aff ecting Article 30 (2) of these rules, any claim

for compensation that the Bidder makes to the Company

or the Seller shall be limited to the Hammer Price and the

Buyer's Commission of the Lot. Under no circumstances

shall the Company and the Seller bear any consequential

losses incurred by the Buyer.

ARTICLE 31 CATALOGUE AND OTHER EXPLANATION

OF THE LOT

ﬔ e Company shall prepare a catalogue of the Lot to briefl y

introduce the conditions of the Lot with words and/or

pictures to facilitate the Bidder and Seller to participate in

the auction held by the Company. ﬔ e words and Estimate

in the catalogue of the Lot, pictures, other images as well

as public materials are only references for the Bidder and

may be revised before auction. The Company provides

no guarantee for the authenticity, value, tone, quality or

第211页

specifi ed by the Seller.

8.The Seller hereby undertakes that none of the Proceeds

of Sale will be transferred to or used for the benefi t of any

Sanctioned Person(s), nor will any party involved in the transaction including fi nancial institutions, freight forwarders or

other forwarding agents or any other party be a Sanctioned

Person(s) nor owned (or partly owned) or controlled by a

Sanctioned Person(s), unless such activity is authorized in

writing by the government authority having jurisdiction over

the transaction or in applicable law or regulation.

9.Where the Seller is acting as Agent (for the purposes of

this Article, the "Agent") for another party (the "Principal")

the Agent warrants in its own capacity (in addition to the

warranties set out above that: (i) the arrangements between

the Agent and the Principal in relation to the Lot or otherwise

do not, in whole or in part, facilitate tax crimes; (ii) the Agent

has conducted appropriate customer due diligence on the

Principal in accordance with all applicable anti-money laundering, anti-terrorism and sanctions laws and regulations

and does not know, and has no reason to suspect, that the

Lot consigned by the Agent is connected with or has any link

to the proceeds of any criminal activity, including without

limitation tax evasion, money laundering, terrorist activities

or other criminal activity or that the Principal is under investigation, or has been charged with or convicted of without limitation tax evasion, money laundering, terrorist activities or

other criminal activity; and (iii) the Agent will disclose to the

Company the identity of the Agent's Principal and the Agent

consents to the Company relying on the Agent's due diligence and the Agent will retain for a period of not less than 5

years the documentation evidencing the due diligence. ﬔ e

Agent will make such documentation promptly available for

immediate inspection by an independent third-party upon

the Company's written request to do so.

10.ﬔ e Company reserves the right to seek identifi cation of

the source of funds received, and to make enquiries about any

person transacting with the Company. If the Company has not

completed its enquiries in respect of anti-money laundering, anti-terrorist fi nancing or other checks as it considers appropriate

concerning the Seller or where the Seller is acting as Agent, the

Agent and its Principal, or the Buyer to the Company's satisfaction at its discretion, the Company shall be entitled either not to

complete or to cancel the sale of any lot, as appropriate, and to

take any further action required or permitted under applicable

law without any liability to the Seller.

11.If the Seller violates any of the above warranties and

undertakings, the Seller shall fully indemnify all losses, costs

and expenses suff ered by the Company and/or the Buyer.

ARTICLE 8 RESERVE

1.Unless otherwise agreed upon by the Company and the

Seller, all Lots are off ered subject to a Reserve. ﬔ e Reserve

shall be determined by the Seller and the Company in writing

through consultation, and no modification of the Reserve

shall be made without the prior consent of the other party

aft er it is determined by both parties.

2.Unless otherwise agreed in writing, the Reserve for each

Lot will be equal to seventy fi ve per cent (75%) of the low presale estimate notifi ed to the Seller.

3.No Reserve may exceed the Lot's final low pre-sale estimate announced or published by the Company. In the event

of a Reserve agreed in a currency other than Hong Kong

dollars without written agreement on the exchange rate, the

Reserve shall be an amount equal to the Hong Kong dollar

equivalent based on the average telegraphic transfer exchange rate off ered by HSBC on the thirtieth calendar days

preceding the auction.

4.Following the bidding failure of the Lot authorized by the

Seller, the Auctioneer shall have the right to sell such Lot at

the Reserve aft er such auction and the Seller must pay the

Commission to the Auctioneer. In no circumstance shall the

Company bear any liability for failure to sell the Lot at the

Reserve at the auction held by the Company.

ARTICLE 9 THE COMPANY'S DISCRETION

ﬔ e Company may decide the following matters at its absolute discretion:

1.Explanation and/or appraisal of any aspect of any Lot

through the catalogue of the Lot and/or news media and/or

other carriers;

2.Whether to consult any expert or not;

3.ﬔ e illustration of the Lot in the catalogue, the exhibition of

the Lot and other forms of publicizing the Lot, the arrangement in the promotional activities as well as the standards of

payable expenses;

4.Suitability of a Lot for auction by the Company;

5.Other matters such as the date of auction, the place of auction, the conditions of auction and the manner of auction.

ﬔ e Company shall not be liable for any delay in meeting nor

failure to meet its obligations under the consignment auction

contract (including without limitation the postponement or

cancellation of any auction) and may terminate its obligations under the consignment auction contract to offer the

Lot for sale, or cancel or postpone any auction, as a result

of circumstances beyond its reasonable control or which

make such performance impracticable, including without

limitation any fi re, fl ood, natural disaster, or other act of God;

any riot, strike, or other civil or labour unrest; transportation

or other infrastructural incapacitation, or inability to secure

suffi cient labour, power, essential commodities, or necessary

equipment; any act of war, armed confl ict, or terrorist attack;

any governmental action or regulation enacted or effected

following the execution of the consignment auction contract

and which is prohibitive or restrictive of the auction(s), the

sale of the Lot, or any other performance contemplated by

the consignment auction contract; any outbreak of disease,

public health emergency, quarantine, epidemic, pandemic,

nuclear or chemical contamination, or other condition that

threatens the life, health, or safety of the Company's personnel, vendors, or clients as determined by the Company in its

reasonable discretion.

Without prejudice to the above, in the event that the Company determines not to conduct an auction on the scheduled

date as a result of circumstances beyond its control or which

make such performance impracticable, the Company may

postpone or cancel any auction, or change the platform for

or format of any auction (including but not limited to from a

live auction to an online auction only), and the sale of the Lot

shall be subject to these Conditions of Business applicable

to the auction in which the Lot will be placed.

ARTICLE 10 LOT NOT AUCTIONED

Aft er the Seller has signed the consignment auction contract

with and delivered the Lot to the Company, if for any reason

the Company believes that the Lot is not suitable for auction

by the Company, the Seller shall collect the Lot within thirty

days from the issuance date of the Company's notice (fees

for packaging and transportation shall be at the Seller's own

expense). The consignment auction contract between the

Seller and the Company will terminate on the date when the

Seller collects the Lot. If during the above-mentioned period

the Seller fails to collect the Lot, the consignment auction

contract will automatically terminate upon the expiration of

such period. If within seven days aft er the termination of the

consignment auction contract the Seller does not collect the

Lot, the Company shall have the right to charge the Storage

Fee, insurance fees and other reasonable expenses, and to

dispose of the Lot in a way the Company deems proper. ﬔ e

Seller is responsible for the collection of, if any, the amount

obtained from the disposal aft er deducting all the fees and

expenses incurred by the Company.

ARTICLE 11 SUSPENSION OF AUCTION

ﬔ e Company has the right to suspend the auction of any Lot

at any time before the actual auction in any one of the following situations:

1.ﬔ e Company has an objection to the ownership or authenticity of the Lot;

2.Any third party has an objection to the ownership or

authenticity of the Lot and can provide relevant evidence

materials as to the basis of such objection, pays a security

pursuant to the Company's requirements and is willing to

take the corresponding liabilities for the legal consequences

and all losses caused by the suspension of auction;

3.The Company has an objection to the explanation of the

Seller or the accuracy of the Seller's warranty mentioned in

Article 7 hereof;

4.Any evidence proves the Seller has violated or will violate

any provisions of these Conditions of Business;

5.For any other reason, the Company believes that the auction of such Lot shall be suspended; or

6.If the Company is aware of any ownership or other dispute

in relation to the Lot being consigned for auction, the Company shall have the right to refuse to return such Lot until the

dispute is settled.

ARTICLE 12 THE SELLER'S WITHDRAWAL OF LOT

The Seller may withdraw the Lot at any time prior to the

Auction Date by issuing a written notice to the Company.

In the case that the Lot has been listed in the catalogue or

other public materials and they have begun to be printed at

the time of the withdrawal of the Lot, the Seller shall pay an

amount equal to 20% of the Reserve of the Lot and all other

expenses. In the case that the catalogue or other public materials have not been printed, the Seller shall pay an amount

equal to 10% of the Reserve of the Lot and all other expenses. Any dispute or claim arising out of the Seller's withdrawal

of the Lot shall be borne by the Seller and has nothing to do

with the Company.

ARTICLE 13 AUTOMATIC INSURANCE

Unless otherwise instructed by the Seller in writing, all Lots

will be automatically covered under the insurance policies

purchased by the Company aft er the Seller enters into the

consignment auction contract with the Company and delivers the Lots to the Company. The insured amount shall be

based on the Reserve agreed by the Seller and the Company

in the consignment auction contract (if there is no Reserve, it

shall be the agreed insured amount of the Lot; if the Reserve

is adjusted, it shall be the original Reserve of the Lot). ﬔ e

insured amount is only applicable to insurance and claim for

compensation, is not the Company's warranty or guarantee

for the value of the Lot, and does not mean that the Lot can

be sold for an amount equal to the insured amount through

any auction by the Company.

ARTICLE 14 INSURANCE PREMIUM

If the Lot is sold, the insurance premium payable by the Seller

shall be 1% of the Hammer Price unless otherwise agreed by

the Seller and the Company. If the Lot is not sold, the Seller

shall as well pay the insurance premium at 1% of the Reserve.

ARTICLE 15 INSURANCE PERIOD

If the Lot is sold in the auction, the insurance period shall

terminate at the earlier of the seventh day aft er the Sale Date

(including the Sale Date) and the date when the Buyer collects

the Lot. If the Lot is not sold in the auction, the insurance period

shall terminate upon the expiry of thirty days aft er the Company

issues the notice on the collection of the Lot.

ARTICLE 16 INSURANCE BY THE SELLER

In the event that the Seller notifi es the Company in writing

not to insure the Lot, it shall undertake all the risks and the

following liabilities at any time (unless otherwise ruled by an

arbitration institution):

1.To compensate for any claim or action brought by any other

parties against the Company with respect to the damage or

destruction of the Lot;

2.To compensate the Company and/or any other parties for

all losses suff ered and all expenses incurred because of the

damage or destruction of the Lot caused by any reason; and

3.To notify the compensation related provisions herein to any

insurer of the Lot.

ARTICLE 17 INSURANCE DISCLAIMER

ﬔ e damage or destruction of the Lot caused by natural wear,

inherent flaws, internal or potential defects, change of substance itself, self-combustion, self-heating, oxidation, corrosion,

leakage, rat-bite, worm-bite, change in the atmosphere (climate

or air temperature), change in humidity or temperature, or other

gradual changes or caused by force majeure such as earthquake, tsunami, war, hostile action, armed confl ict, terrorism,

coup, strike and social riot, or nuclear radiation or radioactive

pollution as well as the damage or destruction of book frames,

glass, drawers, bottom pads, trestles, mountings, insert pages,

scroll heads or other similar accessories caused by any reason

is not within the scope of insurance coverage. The aforesaid

risks should be borne by the Seller.

ARTICLE 18 INSURANCE INDEMNITY

Any damage or destruction of the Lot caused by incidents or

disasters covered by the insurance purchased by the Company for the Lot shall be handled in accordance with the laws of

Hong Kong on insurance. ﬔ e Company shall pay insurance

indemnities aft er deducting the Company's expenses (other

than the Commission) to the Seller after the Company obtains such indemnities from the insurance company.

ARTICLE 19 BIDDING PROHIBITION

ﬔ e Seller shall not bid for the Lot consigned to the Company

by himself/herself/itself for auction, or authorize any other

person to bid on his/her/its behalf. Only the Company has

the right to bid on behalf of the Seller at a price not more

than the Reserve. ﬔ e Seller shall bear all legal liabilities and

compensate for all losses caused to the Company if the Seller violates this Article.

ARTICLE 20 COMMISSION AND EXPENSES

Unless otherwise agreed upon by the Seller and the Company, the Seller shall authorize the Company to deduct 10%

of the Hammer Price as Commission and at the same time

deduct other expenses. Despite the fact that the Company is

the Seller's Agent, the Seller agrees that the Company may

collect the Commission and other expenses from the Buyer

in accordance with the provisions in Article 49 hereof.

ARTICLE 21 SERVICE FEE FOR UNSOLD LOT

In case the Lot is not sold because the bidding price is lower

than the Reserve, the Seller shall authorize the Company to

charge the Seller a service fee for unsuccessful auction and

other expenses.

ARTICLE 22 PAYMENT OF PROCEEDS OF SALE

Where the Buyer eff ects full payment of the Purchase Price

to the Company in accordance with the provisions in Article

49 hereof, the Company shall pay the Proceeds of Sale to

the Seller thirty-fi ve days aft er the Sale Date in Hong Kong

dollars.

ARTICLE 23 DEFERRED PAYMENT

Where the Company does not receive the full payment of the

Purchase Price from the Buyer upon the expiry of the payment

period under Article 51 hereof, the Company will pay the Proceeds of Sale to the Seller within seven working days after

receipt of full payment of the Purchase Price from the Buyer.

ARTICLE 24 SELLER TAXES

ﬔ e Seller shall pay taxes to the government for the Proceeds

of Sale obtained. If the Company has an obligation to withhold and pay taxes according to the provisions of the relevant laws, the Company will follow the provisions of the laws.

ﬔ e Seller shall assist in handling all the formalities and bear

the corresponding taxes and expenses.

ARTICLE 25 ASSISTANCE IN THE COLLECTION OF

OUTSTANDING PAYMENT

ﬔ e Seller shall, at the time of its consignment of the Lot to

the Company for auction, be deemed to have authorized the

Company to demand the corresponding outstanding payment from the Buyer on behalf of the Seller. Where the Buyer

fails to fully pay the Purchase Price within seven days aft er

the Sale Date (including the Sale Date), the Company shall

have the right to demand the Commission and other Buyer's

Expenses according to the provisions of Article 58 hereof.

In addition, the Company shall as well have the right to take

appropriate actions (including but not limited to resorting

to legal proceedings) to assist the Seller in collecting such

outstanding payment from the Buyer where it is deemed by

the Company to be practicable. ﬔ e above provision does not

exclude the Seller's right to demand in person or authorize

any third party to demand the outstanding payment from

the Buyer and does not obligate the Company to demand

the corresponding outstanding payment from the Buyer on

behalf of the Seller under any circumstance. ﬔ is Company

shall not bear the corresponding liability for the Seller because of the Buyer's failure to pay the Purchase Price under

any circumstance.

ARTICLE 26 THE COMPANY'S DISCRETION

ﬔ e Company shall have the right to accept the Seller's authorization (at the Seller's expenses) and may determine the

following matters as the case may be:

1.To agree on special conditions of the payment of the Purchase Price;

2.To remove, store and insure the sold Lot;

3.To settle claims brought by the Buyer or the Seller in accordance with the relevant articles hereof; and

4.To take other necessary measures to collect the outstanding payment owed by the Buyer to the Seller.

ARTICLE 27 UNSOLD OR UNCOLLECTED LOT

1.In the event that the Lot is not sold, the Company may

re-negotiate with the Seller on the revised Reserve and sell

the Lot in private sale, and pay the Seller the Proceeds of

Sales adjusted based on the revised Reserve.

2.ﬔ e Company will send the Seller a notice if any Lot fails to

sell at auction or privately pursuant to 1 above. Subject to

27.1 above, unsold Lots may either be consigned to the Company for re-sale according to the Commission and expenses

scale set out in the previous consignment auction contract

or, alternatively, collected by the Seller. If the Seller decides

to collect an unsold Lot, the Company may charge the Seller

the commission and expenses applicable to unsold Lots in

accordance with the consignment auction contract.

3.If the Seller fails either to reconsign or collect the Lot within thirty (30) days of the auction, the Company is released

from any duty of bailment it may have for such Lot and shall,

in its sole discretion, be entitled to (i) store the Lot at an

independent storage facility at the Seller's risk and expense

including the Storage Fee, insurance fees and other reasonable expenses; or (ii) re-off er the Lot for sale at public auction

(at the Company or elsewhere) with a reserve no less than

fi ft y per cent (50%) of the Reserve at which it was previously

off ered.

4.In the event of re-sale pursuant to 3(ii) above, the Company

shall be entitled to deduct the commissions and expenses

for the unsuccessful auction in accordance with the consignment auction contract as well as the commissions and

expenses for the re-sale from the Proceeds of Sale before

paying the remaining amount to the Seller.

5.In the event a Lot has been deposited with the Company

for more than one year and the owner has neither collected

it nor consigned it for sale, the Company shall be entitled to

sell such property at auction (at the Company or elsewhere)

after sixty (60) days notice of such sale to the owner's address, with estimates and reserves at the Company's discretion.

6.Any re-sale of unsold Lots or sale of uncollected Lots shall

be conducted under these Conditions of Business applicable

to the relevant auction. The proceeds of such sale less all

costs incurred by the Company will be forfeited unless collected by the Seller within two years of the sale.

ARTICLE 28 RISK ASSUMPTION

The Seller shall assume liability for all risks and expenses

that occur aft er the time limit prescribed herein if the Seller

fails to take back the Lot not auctioned or the unsold Lot

within such the time limit. The Seller shall assume liability

for all risks and expenses of the Lot not auctioned or the unsold Lot at the earlier of the thirtieth day aft er the Company

issues notice on collection of the Lot to the Seller (including

the notice date) and the time when the Seller collects the

Lot in accordance with these Conditions of Business. Where

the Seller requests Company to assist it in the return of the

Lot within the time limit provided herein and the Company

so agrees, the Seller shall assume liability for all risks and

expenses that occur after the Lot leaves the place designated by the Company. Unless the Seller specifically gives

an indication and pays insurance premium in advance, the

Company has no obligation to ensure the Lot for any period

aft er it departs from the place designated by the Company.

Where the Seller requests the Company to assist it in returning the Lot by means of post, express delivery or other

third-party transportation, the Company shall be deemed

to have returned the Lot, and the Seller shall be deemed to

have collected the Lot upon the Company's delivery of the

Lot to the post, express delivery and transportation entities,

companies or their employees/branch offi ces.

CHAPTER III THE BIDDER AND THE BUYER

ARTICLE 29 RESPONSIBILITIES OF THE BIDDER

AND THE COMPANY IN RESPECT OF THE LOT

1. ﬔ e Company's perception of all Lots partly relies on the

information provided by the Seller, the Company is unable

and will not carry out comprehensive inspection of all Lots.

Bidders are aware of this and bear the responsibilities of

inspecting and testing the original Lots so that Bidders will

be satisfi ed with those Lots in which they may be interested.

2. All Lots for sale by the Company are available for viewing

by Bidders. By bidding, Bidders and/or their agents are

deemed to have carried out thorough examination of the

Lots, and are deemed to be satisfi ed with the conditions of

the Lots and the accuracy of their description.

3. Bidders acknowledge that various Lots are dated long time

ago and of special categories, implying that the Lots are not

perfect and not free from defects. All Lots are sold on an"as

is" basis at the time of the auction (whether or not Bidders

attend the auction). Condition reports may be provided when

during the viewing period. Under certain circumstances,

catalogue descriptions and condition reports may be used

for reference about certain defects of the Lots. Nevertheless,

Bidders should pay attention that the Lots may have other

defects not clearly stated in the catalogue descriptions and

condition reports.

4. Regarding the information about the Lot provided to

Bidders, including any forecast information (written or

verbal), catalogues and other reports, commentaries or

estimated values, such information are not statement of

facts, but rather are statements of the opinion that the

Company holds. Such information can be altered at the sole

discretion of the Company from time to time.

5. ﬔ e Company or the Seller has not made any declaration

or warranty as to whether any Lot is subject to any copyright

or whether the Buyer has bought the copyright of any Lot.

6. In accordance with the matters contained in Article 29 (1) to

29 (5) of the Conditions of Business and the special exemption

contained in Article 30 of the Conditions of Business, the

descriptions in the catalogue and in the condition reports are

written in a reasonably prudent manner (and such should

be in line with those terms of the Conditions of Business

regarding the Company serving as Auction Agent) based on

(1) the information provided by the Seller to the Company; (2)

academic and technical knowledge (if any); and (3) generally

accepted opinions of the relevant experts.

ARTICLE 30 THE COMPANY'S EXEMPTION AND

RESTRICTION OF RESPONSIBILITIES TO THE BUYER

1. If the Company considers the Lot as forgery, it shall return

the Hammer Price and Buyer's Commission to the Buyer.

2. Subject to the matters contained in Article 29 of the

Conditions of Business and the rules in Article 30 (1) and 30

(5) of the Conditions of Business, the Company shall not:

(1) be responsible for any errors or omissions in the

information provided by the Company to the Bidder verbally

or in writing, no matter whether this is caused by negligence

or other reasons, with the exception of provision contained

in Article 29 (6) of the Conditions of Business;

(2) make any guarantee or warranty to the Bidder, excluding

any implied warranty and rules other than the expressed

warranty that the Seller has entrusted the Company to make

to the Buyer (with the exception of those responsibilities that

cannot be discharged according to the stipulations of laws);

(3) be accountable to any Bidder for any actions or omissions

of the Company regarding the auction or the sale of any Lot (no

matter whether this is caused by negligence or other reasons).

3. Unless the Company owns the Lot to be sold, it shall not

be responsible for any breach of the Conditions of Business

by the Seller.

4. Without aff ecting Article 30 (2) of these rules, any claim

for compensation that the Bidder makes to the Company

or the Seller shall be limited to the Hammer Price and the

Buyer's Commission of the Lot. Under no circumstances

shall the Company and the Seller bear any consequential

losses incurred by the Buyer.

ARTICLE 31 CATALOGUE AND OTHER EXPLANATION

OF THE LOT

ﬔ e Company shall prepare a catalogue of the Lot to briefl y

introduce the conditions of the Lot with words and/or

pictures to facilitate the Bidder and Seller to participate in

the auction held by the Company. ﬔ e words and Estimate

in the catalogue of the Lot, pictures, other images as well

as public materials are only references for the Bidder and

may be revised before auction. The Company provides

no guarantee for the authenticity, value, tone, quality or

specifi ed by the Seller.

8.The Seller hereby undertakes that none of the Proceeds

of Sale will be transferred to or used for the benefi t of any

Sanctioned Person(s), nor will any party involved in the transaction including fi nancial institutions, freight forwarders or

other forwarding agents or any other party be a Sanctioned

Person(s) nor owned (or partly owned) or controlled by a

Sanctioned Person(s), unless such activity is authorized in

writing by the government authority having jurisdiction over

the transaction or in applicable law or regulation.

9.Where the Seller is acting as Agent (for the purposes of

this Article, the "Agent") for another party (the "Principal")

the Agent warrants in its own capacity (in addition to the

warranties set out above that: (i) the arrangements between

the Agent and the Principal in relation to the Lot or otherwise

do not, in whole or in part, facilitate tax crimes; (ii) the Agent

has conducted appropriate customer due diligence on the

Principal in accordance with all applicable anti-money laundering, anti-terrorism and sanctions laws and regulations

and does not know, and has no reason to suspect, that the

Lot consigned by the Agent is connected with or has any link

to the proceeds of any criminal activity, including without

limitation tax evasion, money laundering, terrorist activities

or other criminal activity or that the Principal is under investigation, or has been charged with or convicted of without limitation tax evasion, money laundering, terrorist activities or

other criminal activity; and (iii) the Agent will disclose to the

Company the identity of the Agent's Principal and the Agent

consents to the Company relying on the Agent's due diligence and the Agent will retain for a period of not less than 5

years the documentation evidencing the due diligence. ﬔ e

Agent will make such documentation promptly available for

immediate inspection by an independent third-party upon

the Company's written request to do so.

10.ﬔ e Company reserves the right to seek identifi cation of

the source of funds received, and to make enquiries about any

person transacting with the Company. If the Company has not

completed its enquiries in respect of anti-money laundering, anti-terrorist fi nancing or other checks as it considers appropriate

concerning the Seller or where the Seller is acting as Agent, the

Agent and its Principal, or the Buyer to the Company's satisfaction at its discretion, the Company shall be entitled either not to

complete or to cancel the sale of any lot, as appropriate, and to

take any further action required or permitted under applicable

law without any liability to the Seller.

11.If the Seller violates any of the above warranties and

undertakings, the Seller shall fully indemnify all losses, costs

and expenses suff ered by the Company and/or the Buyer.

ARTICLE 8 RESERVE

1.Unless otherwise agreed upon by the Company and the

Seller, all Lots are off ered subject to a Reserve. ﬔ e Reserve

shall be determined by the Seller and the Company in writing

through consultation, and no modification of the Reserve

shall be made without the prior consent of the other party

aft er it is determined by both parties.

2.Unless otherwise agreed in writing, the Reserve for each

Lot will be equal to seventy fi ve per cent (75%) of the low presale estimate notifi ed to the Seller.

3.No Reserve may exceed the Lot's final low pre-sale estimate announced or published by the Company. In the event

of a Reserve agreed in a currency other than Hong Kong

dollars without written agreement on the exchange rate, the

Reserve shall be an amount equal to the Hong Kong dollar

equivalent based on the average telegraphic transfer exchange rate off ered by HSBC on the thirtieth calendar days

preceding the auction.

4.Following the bidding failure of the Lot authorized by the

Seller, the Auctioneer shall have the right to sell such Lot at

the Reserve aft er such auction and the Seller must pay the

Commission to the Auctioneer. In no circumstance shall the

Company bear any liability for failure to sell the Lot at the

Reserve at the auction held by the Company.

ARTICLE 9 THE COMPANY'S DISCRETION

ﬔ e Company may decide the following matters at its absolute discretion:

1.Explanation and/or appraisal of any aspect of any Lot

through the catalogue of the Lot and/or news media and/or

other carriers;

2.Whether to consult any expert or not;

3.ﬔ e illustration of the Lot in the catalogue, the exhibition of

the Lot and other forms of publicizing the Lot, the arrangement in the promotional activities as well as the standards of

payable expenses;

4.Suitability of a Lot for auction by the Company;

5.Other matters such as the date of auction, the place of auction, the conditions of auction and the manner of auction.

ﬔ e Company shall not be liable for any delay in meeting nor

failure to meet its obligations under the consignment auction

contract (including without limitation the postponement or

cancellation of any auction) and may terminate its obligations under the consignment auction contract to offer the

Lot for sale, or cancel or postpone any auction, as a result

of circumstances beyond its reasonable control or which

make such performance impracticable, including without

limitation any fi re, fl ood, natural disaster, or other act of God;

any riot, strike, or other civil or labour unrest; transportation

or other infrastructural incapacitation, or inability to secure

suffi cient labour, power, essential commodities, or necessary

equipment; any act of war, armed confl ict, or terrorist attack;

any governmental action or regulation enacted or effected

following the execution of the consignment auction contract

and which is prohibitive or restrictive of the auction(s), the

sale of the Lot, or any other performance contemplated by

the consignment auction contract; any outbreak of disease,

public health emergency, quarantine, epidemic, pandemic,

nuclear or chemical contamination, or other condition that

threatens the life, health, or safety of the Company's personnel, vendors, or clients as determined by the Company in its

reasonable discretion.

Without prejudice to the above, in the event that the Company determines not to conduct an auction on the scheduled

date as a result of circumstances beyond its control or which

make such performance impracticable, the Company may

postpone or cancel any auction, or change the platform for

or format of any auction (including but not limited to from a

live auction to an online auction only), and the sale of the Lot

shall be subject to these Conditions of Business applicable

to the auction in which the Lot will be placed.

ARTICLE 10 LOT NOT AUCTIONED

Aft er the Seller has signed the consignment auction contract

with and delivered the Lot to the Company, if for any reason

the Company believes that the Lot is not suitable for auction

by the Company, the Seller shall collect the Lot within thirty

days from the issuance date of the Company's notice (fees

for packaging and transportation shall be at the Seller's own

expense). The consignment auction contract between the

Seller and the Company will terminate on the date when the

Seller collects the Lot. If during the above-mentioned period

the Seller fails to collect the Lot, the consignment auction

contract will automatically terminate upon the expiration of

such period. If within seven days aft er the termination of the

consignment auction contract the Seller does not collect the

Lot, the Company shall have the right to charge the Storage

Fee, insurance fees and other reasonable expenses, and to

dispose of the Lot in a way the Company deems proper. ﬔ e

Seller is responsible for the collection of, if any, the amount

obtained from the disposal aft er deducting all the fees and

expenses incurred by the Company.

ARTICLE 11 SUSPENSION OF AUCTION

ﬔ e Company has the right to suspend the auction of any Lot

at any time before the actual auction in any one of the following situations:

1.ﬔ e Company has an objection to the ownership or authenticity of the Lot;

2.Any third party has an objection to the ownership or

authenticity of the Lot and can provide relevant evidence

materials as to the basis of such objection, pays a security

pursuant to the Company's requirements and is willing to

take the corresponding liabilities for the legal consequences

and all losses caused by the suspension of auction;

3.The Company has an objection to the explanation of the

Seller or the accuracy of the Seller's warranty mentioned in

Article 7 hereof;

4.Any evidence proves the Seller has violated or will violate

any provisions of these Conditions of Business;

5.For any other reason, the Company believes that the auction of such Lot shall be suspended; or

6.If the Company is aware of any ownership or other dispute

in relation to the Lot being consigned for auction, the Company shall have the right to refuse to return such Lot until the

dispute is settled.

ARTICLE 12 THE SELLER'S WITHDRAWAL OF LOT

The Seller may withdraw the Lot at any time prior to the

Auction Date by issuing a written notice to the Company.

In the case that the Lot has been listed in the catalogue or

other public materials and they have begun to be printed at

the time of the withdrawal of the Lot, the Seller shall pay an

amount equal to 20% of the Reserve of the Lot and all other

expenses. In the case that the catalogue or other public materials have not been printed, the Seller shall pay an amount

equal to 10% of the Reserve of the Lot and all other expenses. Any dispute or claim arising out of the Seller's withdrawal

of the Lot shall be borne by the Seller and has nothing to do

with the Company.

ARTICLE 13 AUTOMATIC INSURANCE

Unless otherwise instructed by the Seller in writing, all Lots

will be automatically covered under the insurance policies

purchased by the Company aft er the Seller enters into the

consignment auction contract with the Company and delivers the Lots to the Company. The insured amount shall be

based on the Reserve agreed by the Seller and the Company

in the consignment auction contract (if there is no Reserve, it

shall be the agreed insured amount of the Lot; if the Reserve

is adjusted, it shall be the original Reserve of the Lot). ﬔ e

insured amount is only applicable to insurance and claim for

compensation, is not the Company's warranty or guarantee

for the value of the Lot, and does not mean that the Lot can

be sold for an amount equal to the insured amount through

any auction by the Company.

ARTICLE 14 INSURANCE PREMIUM

If the Lot is sold, the insurance premium payable by the Seller

shall be 1% of the Hammer Price unless otherwise agreed by

the Seller and the Company. If the Lot is not sold, the Seller

shall as well pay the insurance premium at 1% of the Reserve.

ARTICLE 15 INSURANCE PERIOD

If the Lot is sold in the auction, the insurance period shall

terminate at the earlier of the seventh day aft er the Sale Date

(including the Sale Date) and the date when the Buyer collects

the Lot. If the Lot is not sold in the auction, the insurance period

shall terminate upon the expiry of thirty days aft er the Company

issues the notice on the collection of the Lot.

ARTICLE 16 INSURANCE BY THE SELLER

In the event that the Seller notifi es the Company in writing

not to insure the Lot, it shall undertake all the risks and the

following liabilities at any time (unless otherwise ruled by an

arbitration institution):

1.To compensate for any claim or action brought by any other

parties against the Company with respect to the damage or

destruction of the Lot;

2.To compensate the Company and/or any other parties for

all losses suff ered and all expenses incurred because of the

damage or destruction of the Lot caused by any reason; and

3.To notify the compensation related provisions herein to any

insurer of the Lot.

ARTICLE 17 INSURANCE DISCLAIMER

ﬔ e damage or destruction of the Lot caused by natural wear,

inherent flaws, internal or potential defects, change of substance itself, self-combustion, self-heating, oxidation, corrosion,

leakage, rat-bite, worm-bite, change in the atmosphere (climate

or air temperature), change in humidity or temperature, or other

gradual changes or caused by force majeure such as earthquake, tsunami, war, hostile action, armed confl ict, terrorism,

coup, strike and social riot, or nuclear radiation or radioactive

pollution as well as the damage or destruction of book frames,

glass, drawers, bottom pads, trestles, mountings, insert pages,

scroll heads or other similar accessories caused by any reason

is not within the scope of insurance coverage. The aforesaid

risks should be borne by the Seller.

ARTICLE 18 INSURANCE INDEMNITY

Any damage or destruction of the Lot caused by incidents or

disasters covered by the insurance purchased by the Company for the Lot shall be handled in accordance with the laws of

Hong Kong on insurance. ﬔ e Company shall pay insurance

indemnities aft er deducting the Company's expenses (other

than the Commission) to the Seller after the Company obtains such indemnities from the insurance company.

ARTICLE 19 BIDDING PROHIBITION

ﬔ e Seller shall not bid for the Lot consigned to the Company

by himself/herself/itself for auction, or authorize any other

person to bid on his/her/its behalf. Only the Company has

the right to bid on behalf of the Seller at a price not more

than the Reserve. ﬔ e Seller shall bear all legal liabilities and

compensate for all losses caused to the Company if the Seller violates this Article.

ARTICLE 20 COMMISSION AND EXPENSES

Unless otherwise agreed upon by the Seller and the Company, the Seller shall authorize the Company to deduct 10%

of the Hammer Price as Commission and at the same time

deduct other expenses. Despite the fact that the Company is

the Seller's Agent, the Seller agrees that the Company may

collect the Commission and other expenses from the Buyer

in accordance with the provisions in Article 49 hereof.

ARTICLE 21 SERVICE FEE FOR UNSOLD LOT

In case the Lot is not sold because the bidding price is lower

than the Reserve, the Seller shall authorize the Company to

charge the Seller a service fee for unsuccessful auction and

other expenses.

ARTICLE 22 PAYMENT OF PROCEEDS OF SALE

Where the Buyer eff ects full payment of the Purchase Price

to the Company in accordance with the provisions in Article

49 hereof, the Company shall pay the Proceeds of Sale to

the Seller thirty-fi ve days aft er the Sale Date in Hong Kong

dollars.

ARTICLE 23 DEFERRED PAYMENT

Where the Company does not receive the full payment of the

Purchase Price from the Buyer upon the expiry of the payment

period under Article 51 hereof, the Company will pay the Proceeds of Sale to the Seller within seven working days after

receipt of full payment of the Purchase Price from the Buyer.

ARTICLE 24 SELLER TAXES

ﬔ e Seller shall pay taxes to the government for the Proceeds

of Sale obtained. If the Company has an obligation to withhold and pay taxes according to the provisions of the relevant laws, the Company will follow the provisions of the laws.

ﬔ e Seller shall assist in handling all the formalities and bear

the corresponding taxes and expenses.

ARTICLE 25 ASSISTANCE IN THE COLLECTION OF

OUTSTANDING PAYMENT

ﬔ e Seller shall, at the time of its consignment of the Lot to

the Company for auction, be deemed to have authorized the

Company to demand the corresponding outstanding payment from the Buyer on behalf of the Seller. Where the Buyer

fails to fully pay the Purchase Price within seven days aft er

the Sale Date (including the Sale Date), the Company shall

have the right to demand the Commission and other Buyer's

Expenses according to the provisions of Article 58 hereof.

In addition, the Company shall as well have the right to take

appropriate actions (including but not limited to resorting

to legal proceedings) to assist the Seller in collecting such

outstanding payment from the Buyer where it is deemed by

the Company to be practicable. ﬔ e above provision does not

exclude the Seller's right to demand in person or authorize

any third party to demand the outstanding payment from

the Buyer and does not obligate the Company to demand

the corresponding outstanding payment from the Buyer on

behalf of the Seller under any circumstance. ﬔ is Company

shall not bear the corresponding liability for the Seller because of the Buyer's failure to pay the Purchase Price under

any circumstance.

ARTICLE 26 THE COMPANY'S DISCRETION

ﬔ e Company shall have the right to accept the Seller's authorization (at the Seller's expenses) and may determine the

following matters as the case may be:

1.To agree on special conditions of the payment of the Purchase Price;

2.To remove, store and insure the sold Lot;

3.To settle claims brought by the Buyer or the Seller in accordance with the relevant articles hereof; and

4.To take other necessary measures to collect the outstanding payment owed by the Buyer to the Seller.

ARTICLE 27 UNSOLD OR UNCOLLECTED LOT

1.In the event that the Lot is not sold, the Company may

re-negotiate with the Seller on the revised Reserve and sell

the Lot in private sale, and pay the Seller the Proceeds of

Sales adjusted based on the revised Reserve.

2.ﬔ e Company will send the Seller a notice if any Lot fails to

sell at auction or privately pursuant to 1 above. Subject to

27.1 above, unsold Lots may either be consigned to the Company for re-sale according to the Commission and expenses

scale set out in the previous consignment auction contract

or, alternatively, collected by the Seller. If the Seller decides

to collect an unsold Lot, the Company may charge the Seller

the commission and expenses applicable to unsold Lots in

accordance with the consignment auction contract.

3.If the Seller fails either to reconsign or collect the Lot within thirty (30) days of the auction, the Company is released

from any duty of bailment it may have for such Lot and shall,

in its sole discretion, be entitled to (i) store the Lot at an

independent storage facility at the Seller's risk and expense

including the Storage Fee, insurance fees and other reasonable expenses; or (ii) re-off er the Lot for sale at public auction

(at the Company or elsewhere) with a reserve no less than

fi ft y per cent (50%) of the Reserve at which it was previously

off ered.

4.In the event of re-sale pursuant to 3(ii) above, the Company

shall be entitled to deduct the commissions and expenses

for the unsuccessful auction in accordance with the consignment auction contract as well as the commissions and

expenses for the re-sale from the Proceeds of Sale before

paying the remaining amount to the Seller.

5.In the event a Lot has been deposited with the Company

for more than one year and the owner has neither collected

it nor consigned it for sale, the Company shall be entitled to

sell such property at auction (at the Company or elsewhere)

after sixty (60) days notice of such sale to the owner's address, with estimates and reserves at the Company's discretion.

6.Any re-sale of unsold Lots or sale of uncollected Lots shall

be conducted under these Conditions of Business applicable

to the relevant auction. The proceeds of such sale less all

costs incurred by the Company will be forfeited unless collected by the Seller within two years of the sale.

ARTICLE 28 RISK ASSUMPTION

The Seller shall assume liability for all risks and expenses

that occur aft er the time limit prescribed herein if the Seller

fails to take back the Lot not auctioned or the unsold Lot

within such the time limit. The Seller shall assume liability

for all risks and expenses of the Lot not auctioned or the unsold Lot at the earlier of the thirtieth day aft er the Company

issues notice on collection of the Lot to the Seller (including

the notice date) and the time when the Seller collects the

Lot in accordance with these Conditions of Business. Where

the Seller requests Company to assist it in the return of the

Lot within the time limit provided herein and the Company

so agrees, the Seller shall assume liability for all risks and

expenses that occur after the Lot leaves the place designated by the Company. Unless the Seller specifically gives

an indication and pays insurance premium in advance, the

Company has no obligation to ensure the Lot for any period

aft er it departs from the place designated by the Company.

Where the Seller requests the Company to assist it in returning the Lot by means of post, express delivery or other

third-party transportation, the Company shall be deemed

to have returned the Lot, and the Seller shall be deemed to

have collected the Lot upon the Company's delivery of the

Lot to the post, express delivery and transportation entities,

companies or their employees/branch offi ces.

CHAPTER III THE BIDDER AND THE BUYER

ARTICLE 29 RESPONSIBILITIES OF THE BIDDER

AND THE COMPANY IN RESPECT OF THE LOT

1. ﬔ e Company's perception of all Lots partly relies on the

information provided by the Seller, the Company is unable

and will not carry out comprehensive inspection of all Lots.

Bidders are aware of this and bear the responsibilities of

inspecting and testing the original Lots so that Bidders will

be satisfi ed with those Lots in which they may be interested.

2. All Lots for sale by the Company are available for viewing

by Bidders. By bidding, Bidders and/or their agents are

deemed to have carried out thorough examination of the

Lots, and are deemed to be satisfi ed with the conditions of

the Lots and the accuracy of their description.

3. Bidders acknowledge that various Lots are dated long time

ago and of special categories, implying that the Lots are not

perfect and not free from defects. All Lots are sold on an"as

is" basis at the time of the auction (whether or not Bidders

attend the auction). Condition reports may be provided when

during the viewing period. Under certain circumstances,

catalogue descriptions and condition reports may be used

for reference about certain defects of the Lots. Nevertheless,

Bidders should pay attention that the Lots may have other

defects not clearly stated in the catalogue descriptions and

condition reports.

4. Regarding the information about the Lot provided to

Bidders, including any forecast information (written or

verbal), catalogues and other reports, commentaries or

estimated values, such information are not statement of

facts, but rather are statements of the opinion that the

Company holds. Such information can be altered at the sole

discretion of the Company from time to time.

5. ﬔ e Company or the Seller has not made any declaration

or warranty as to whether any Lot is subject to any copyright

or whether the Buyer has bought the copyright of any Lot.

6. In accordance with the matters contained in Article 29 (1) to

29 (5) of the Conditions of Business and the special exemption

contained in Article 30 of the Conditions of Business, the

descriptions in the catalogue and in the condition reports are

written in a reasonably prudent manner (and such should

be in line with those terms of the Conditions of Business

regarding the Company serving as Auction Agent) based on

(1) the information provided by the Seller to the Company; (2)

academic and technical knowledge (if any); and (3) generally

accepted opinions of the relevant experts.

ARTICLE 30 THE COMPANY'S EXEMPTION AND

RESTRICTION OF RESPONSIBILITIES TO THE BUYER

1. If the Company considers the Lot as forgery, it shall return

the Hammer Price and Buyer's Commission to the Buyer.

2. Subject to the matters contained in Article 29 of the

Conditions of Business and the rules in Article 30 (1) and 30

(5) of the Conditions of Business, the Company shall not:

(1) be responsible for any errors or omissions in the

information provided by the Company to the Bidder verbally

or in writing, no matter whether this is caused by negligence

or other reasons, with the exception of provision contained

in Article 29 (6) of the Conditions of Business;

(2) make any guarantee or warranty to the Bidder, excluding

any implied warranty and rules other than the expressed

warranty that the Seller has entrusted the Company to make

to the Buyer (with the exception of those responsibilities that

cannot be discharged according to the stipulations of laws);

(3) be accountable to any Bidder for any actions or omissions

of the Company regarding the auction or the sale of any Lot (no

matter whether this is caused by negligence or other reasons).

3. Unless the Company owns the Lot to be sold, it shall not

be responsible for any breach of the Conditions of Business

by the Seller.

4. Without aff ecting Article 30 (2) of these rules, any claim

for compensation that the Bidder makes to the Company

or the Seller shall be limited to the Hammer Price and the

Buyer's Commission of the Lot. Under no circumstances

shall the Company and the Seller bear any consequential

losses incurred by the Buyer.

ARTICLE 31 CATALOGUE AND OTHER EXPLANATION

OF THE LOT

ﬔ e Company shall prepare a catalogue of the Lot to briefl y

introduce the conditions of the Lot with words and/or

pictures to facilitate the Bidder and Seller to participate in

the auction held by the Company. ﬔ e words and Estimate

in the catalogue of the Lot, pictures, other images as well

as public materials are only references for the Bidder and

may be revised before auction. The Company provides

no guarantee for the authenticity, value, tone, quality or

第212页

fl awlessness of the Lot.

ARTICLE 32 UNCERTAINTY OF CATALOGUE

Where the tone, color, graduation shape or any other

feature of the Lot shown in the catalogue and/or any other

illustrations, images and public materials diff er from those

of the original Lot due to printing, photography or other

technical reasons, the original Lot shall take precedence. Any

introduction and appraisal of any Lot made by the Company

and its employees or its agents in anyway (including the

certifi cate, catalogue, slideshow and news media) are only

opinions for reference and do not constitute any guarantee

for the Lot. The Company and its employees or its agents

shall undertake no liability for any inaccuracy or omission in

the aforesaid introduction or appraisal.

ARTICLE 33 RESERVE AND ESTIMATE

Unless otherwise indicated, all Lots are off ered subject to a

Reserve. Normally, the Reserve is not higher than the lowest

Estimate announced before the auction or published before

the auction by the Company. If a Reserve has not been set for

a Lot, unless there has already been bidding, the Auctioneer,

in his or her discretion, may determine the starting price, but

this shall not be higher than the lowest Estimate of the Lot

before the auction.

Under no circumstances shall the Company bear any liability

when the bids for a Lot do not reach the Reserve. If the bids

are lower than the Reserve, the Auctioneer, in his or her

discretion, may sell the Lot at a price lower than the Reserve.

However under such circumstances, the amount that the

Company shall pay the Seller shall be the amount that the

Seller would receive as if the Lot was sold at the Reserve.

The Estimate is estimated at an earlier time before the

Auction Date, it is not a confi rmed selling price, and is not

legally binding. Estimates cannot be used as a forecast of

the Hammer Price of the Lot, and the Company has the right

to revise from time to time the Estimate already made.

ARTICLE 34 BIDDERS' INSPECTION

RESPONSIBILITY

The Bidder and/or his/her/its agents shall have the

responsibility to learn about the actual conditions of the Lot

and shall be legally liable for his/her/its bid for a certain

Lot. ﬔ e Company strongly advises the Bidders to personally

inspect the original Lot they intend to bid for before the

Auction Date by authentication or other means. Bidders

shall judge by themselves whether Lot complies with the

descriptions in the Company's catalogue of the Lot and

other images and public materials, rather than relying on the

catalogue, images and public materials to make decisions.

ARTICLE 35 REGISTRATION OF BIDDERS

If the Bidder is a natural person, before the Auction Date, he/

she shall fi ll in and sign the registration documents with an

identity document with photo issued by the government (such

as resident identity card or passport), and provide proof of

the current address (e.g. utility bill or bank statement); if the

Bidder is a company or other organization, before the Auction

Date, it shall fi ll in and sign the registration documents and

collect a paddle with its valid certificate of incorporation

and proof of shareholding and legitimate authorization

document. ﬔ e Company may request the Bidder to present

proof of bank details or other proof of fi nancial conditions for

payment purposes.

ARTICLE 36 PADDLE

The Company can announce before the Auction Date the

conditions and procedures of arranging paddle for the

Bidder according to diff erent auction conditions and auction

methods etc., including but not limited to the qualification

and conditions for the Bidder to arrange a paddle. The

Company solemnly reminds that a paddle is the only proof

for the Bidder to participate in the auction at the venue. ﬔ e

Bidder shall keep it properly and shall not lend it to others to

use it. If it is lost, it shall immediately handle the loss report

formalities in a written form recognized by the Company.

No matter if the person holding a paddle has been appointed

by the Bidder or not, his or her bidding acts at auction are

considered as having been made by the registered person

himself, and the Bidder shall bear the legal responsibilities

for the acts of the former, unless the Bidder himself has

already submitted a written report to the Company regarding

the loss paddle.

ARTICLE 37 AUCTION DEPOSIT

When a Bidder participates in an auction of the Company,

he/she shall fi rst pay the auction deposit before collecting

the paddle. The amount of the auction deposit will be

announced by the Company before the Auction Date, and the

Company has the right to waive the auction deposit. If the

Bidder fails to buy the Lot and he does not owe the Company

any sum, then that auction deposit shall be returned to the

Bidder in full without interest within 14 working days after

the end of the auction. If the Bidder succeeds in buying a Lot,

the auction deposit shall automatically be converted to the

payment of the Purchase Price of the Lot.

ARTICLE 38 DISCRETION OF THE COMPANY

The Company has the right to forbid anyone from

participating in the auction organized by the Company or

entering the auction site, or taking pictures or shooting

videos at the auction site at its discretion.

ARTICLE 39 HANDLING OF ABNORMAL EVENTS

If any abnormal event occurs at the auction site, the

Company has the right to take emergency actions. If any

dispute arises at the auction site, the Company has right to

mediate and settle it.

ARTICLE 40 CONFIRMATION OF BUYER'S IDENTITY

ﬔ e Bidder must take good care of his/her/its paddle and be

cautious not to lose it. ﬔ e Bidder shall not lend his/her/its

paddle to others, or the Bidder shall assume all legal liability

for others' act of bidding for the Lot using his/her/its paddle.

ARTICLE 41 ABSENTEE BIDS

Bidders shall attend the auction in person. If a Bidder or its

agent cannot attend in person, it can appoint the Company

in writing for the Company to bid on its behalf. ﬔ e Company

has the discretion to accept or not accept the above

appointment. Any Bidder who has appointed the Company

to bid shall handle the appointment formalities within the

period stipulated (no later than three business days), and

produce a completed Absentee Bid Order to the Company,

and at the same time pay the auction deposit according to

the Conditions of Business.

If the Bidder who has appointed the Company to bid needs

to cancel the absentee bid, it shall notify the Company no

later than 24 hours before the Auction Date.

ARTICLE 42 AUCTION RESULTS OF ABSENTEE BID

If a Bidder who has appointed the Company to bid, the

auction results and the related legal responsibilities shall be

borne by the Bidder.

If the Bidder indicates in the Absentee Bid Order that it bids

by instant communication methods such as telephone, it

shall fill in the instant communication method accurately

and keep the instant communication instrument properly,

during the period in which the Company is appointed to bid,

the Bidder shall use that instant communication instrument

itself. Where the instant communication instrument is lost or

it cannot be within control, the Bidder shall immediately use a

written form recognized by the Company to change the instant

communication method filled in the Absentee Bid Order.

During the period the Company is appointed to bid, it shall

make appropriate efforts to contact the Bidder, the bidding

information transmitted by that instant communication

instrument (whether or not it is transmitted by the Bidder

personally or the Bidder's agent) shall be considered as

transmitted by the Bidder itself, and the Bidder shall bear legal

responsibilities for the actions taken by it. Unless the Buyer

itself has changed the instant communication method fi lled in

the Absentee Bid Order by a written method recognized by the

Company. All telephone bids may be recorded and kept at Poly

Auction (Hong Kong)'s sole discretion, by opting for telephone

bids, the Bidder agrees that its phone conversation will be

recorded.

Nevertheless, under no circumstances shall the Company

be responsible for any unsuccessful contact or errors

or omissions in the bidding process using that instant

communication instrument.

ARTICLE 43 DISCLAIMER OF ABSENTEE BID

Since absentee bid is a free service of transmitting

bidding information that the Company provides to the

Bidder, the Company and its employees shall not bear any

responsibilities for unsuccessful bidding or any errors,

omissions, negligence, fault or inability to bid on its behalf

during the bidding process.

ARTICLE 44 FIRST-COME-FIRST-SERVE PRINCIPLE

FOR ABSENTEE BID

If two or more Bidders appointing the Company to bid on their

behalf have bid the same price for the same Lot and eventually

that Lot is sold at that Hammer Price, then the one who fi rst

submitted to the Company shall be the Buyer of that Lot.

ARTICLE 45 DISCRETION OF THE AUCTIONEER

The Auctioneer has the right at his absolute and sole

discretion in the following matters:

1. Refusal or acceptance of any bid;

2. Carrying out the auction in such a manner as he may

decide;

3. Withdrawal of any Lot, dividing it for auction separately,

combining any two or more Lots for auction;

4. If there are errors or disputes, no matter if they occur

during or aft er the auction, he shall have the right to decide

the successful Bidder, whether or not to continue the

auction, to cancel the auction or place the Lot under dispute

for auction again;

5. ﬔ e Auctioneer may open and carry out the bidding at a

level with bidding increments that he considers suitable, and

has the right to bid on behalf of the Seller up to the amount

of the Reserve, either by placing consecutive bids or by

placing bids in response to other Bidders;

6. Adoption of other actions that he considers as appropriate.

ARTICLE 46 NO RESERVE

For those Lots without a Reserve, unless there has already

been bidding, otherwise the Auctioneer, under his own

discretion, may decide the starting price. If there is no

bidding at such a price, the Auctioneer will, at his own

discretion, lower the price and continue the auction until a

Bidder starts to bid, then he will continue the auction at that

price and then continue up from that amount.

ARTICLE 47 IMAGE DISPLAY BOARD AND

CURRENCY CONVERSION BOARD

To facilitate Bidders, the Company may use image projector

or other forms of display boards in the auction. ﬔ e contents

shown are for reference only. It is possible that there are

diff erences in the information such as the amount, reference

number of the Lot, images of the Lot or reference foreign

currency etc. shown in the image projector or other forms

of display boards and the Company shall not bear any

responsibilities for any losses caused by such diff erences.

ARTICLE 48 SUCCESSFUL BID

The fact that the Auctioneer confirms the highest bid of a

Bidder by striking his/her hammer or in any other manner of

publicly confi rming the sale shall indicate the conclusion of a

sales contract for the Lot between the Bidder and the Seller.

ARTICLE 49 COMMISSION AND EXPENSES

After the Bidder has succeeded in bidding, it will become

the Buyer of that Lot. A buyer's premium will be added to

the Hammer Price and is payable by the buyer as part of

the total purchase price. ﬔ e buyer's premium is 20% of the

hammer price of each lot and at the same time other Buyer's

Expenses, and recognizes that the Company can charge the

Seller the commission and other Seller expenses according

to provisions of the Consignment Agreement.

ARTICLE 50 TAXES

All the monies that the Buyer pays to the Company are net

amounts, which shall not include any tax on goods, tax

on services or other value added tax (whether levied by

Hong Kong or other regions). If there is any tax applicable

to the Buyer, the Buyer shall bear it itself according to the

provisions of the relevant laws currently in force.

ARTICLE 51 PAYMENT TIME

After the Lot is successfully sold in an auction, unless

otherwise agreed, regardless of any stipulations of the

export, import or other permits of the Lot, the Buyer shall

fully pay the Purchase Price within 7 days aft er the Sale Date

(including the Sale Date), and collect the Lot. If packing,

moving costs, and insurance expenses, expenses related to

export are involved, the Buyer shall pay them altogether.

ARTICLE 52 PAYMENT CURRENCY

All monies shall be paid in Hong Kong dollars. If the Buyer

pays in another currency other than Hong Kong dollars, it

shall convert it at the exchange rate agreed between the

Buyer and the Company or at the exchange rate of Hong

Kong dollars and that currency type on the previous working

day announced by such bank as selected by the Company.

All bank handling fees, commission and charges incurred by

the Company for converting the foreign currency paid by the

Buyer into Hong Kong dollars shall be borne by the Buyer.

ARTICLE 53 TRANSFER OF OWNERSHIP

ﬔ e ownership shall be passed onto the Buyer only when the

Buyer has fully paid the Purchase Price and all monies that

the Buyer owes the Company.

ARTICLE 54 TRANSFER OF RISKS

Aft er the bidding has succeeded, the risks oft he Lot shall be

borne by the Buyer itself aft er the occurrence of one of the

following events (whichever earlier):

1. ﬔ e Buyer has collected the Lot; or

2. ﬔ e Buyer has fully paid the Purchase Price for the Lot to

the Company; or

3. ﬔ e expiry of seven days aft er the Sale Date (including the

Sale Date).

ARTICLE 55 COLLECTION OF THE LOT

Risk and responsibility for the lot passes to the Buyer at the

expiration of thirty calendar days from the Sale Date (including

the Sale Date). or on collection by the Buyer, if earlier. After

thirty calendar days, all expenses incurred, including but not

limited to storage, moving, insurance will be for the account of

the Buyer. Although the Company shall use reasonable eff orts

to take care of purchased Lot and suggest handlers, packers or

carriers, the company is not responsibleto any person to whom

we have made are commendation for the acts or omissions of

the third party concerned.

ARTICLE 56 PACKING, HANDLING AND MOVING

If the employees of the Company pack and handle the Lot

bought on behalf of the Buyer according to the latter's

requirements, this is considered as a service provided by the

Company to the Buyer and the Company has the discretion

to decide whether to provide this service, if any losses

arise therefrom, the Buyer shall bear them itself. Under no

circumstances shall the Company be responsible for any

damage of the glass or picture frame, box, backing sheet,

frame case, mounting, inserts, rolling rod or similar auxiliary

objects caused by any reasons.

Where the Buyer requests the Company to assist it in

collecting the purchased Lot (the packaging, mailing and

transportation expenses shall be paid by the Buyer) by

means of post, express delivery or transportation, the

Company shall be deemed to have delivered the Lot and the

Buyer shall be deemed to have collected such Lot according

to the normal procedure upon the Company's delivery of the

Lot to the post, express delivery and transportation entities,

companies or their employees/branch offices. The risks

arising from this process shall be borne by the Buyer. Unless

Buyer gives a clear indication and pays insurance premium,

no insurance is provided in the process of mailing, express

delivery or transportation generally.

The Company shall undertake no liability for any error,

omission, damage or destruction caused by the packaging

company and post, express delivery and transportation

entities or companies designated by the Buyer or

recommended by the Company to the Buyer.

ARTICLE 57 IMPORT, EXPORT LICENSES AND

PERMIT

ﬔ e Buyer shall be responsible for obtaining any import and

export licenses, permit for endangered animals or other

aspects related to the Lot. Failure or delay in obtaining

any permits required shall not be deemed as a reason for

cancelling the purchase or delaying in paying the Purchase

Price. The Company shall not bear any responsibilities for

the failure to properly fi ll in or submit the required import or

export documents.

If the Buyer requests the Company to apply for the import

and export licenses on its behalf, the Company has the

right to charge service fees for this service. However, the

Company does not warrant that the import or export license

will be issued. The Company and the Seller has not made

declaration or warranty in respect of whether or not any Lot

is subject to import and export restrictions or any embargo.

ARTICLE 58 REMEDIES FOR NON-PAYMENT

If the Buyer fails to make full payment according to the

provisions of the Conditions of Business or any payment

arrangements agreed with the Company, the Company has

the right to adopt one or more of the following measures:

1. Aft er the Lot is sold, if the Buyer fails to pay the Purchase

Price within 7 days from the Sale Date (including the Sale

Date), the auction deposit paid at the time of bidding

registration shall not be refunded, and it shall at the same

time bear the relevant responsibilities according the

provisions of the Conditions of Business; if the Buyer has

bought a few Lots with the same paddle, aft er the Lots are

sold, if the Buyer has not paid the Purchase Price of any of

the Lots within the time stipulated, then the entire auction

deposit shall not be refunded, and it shall at the same time

bear the relevant responsibilities according the provisions of

the Conditions of Business;

2. If the Buyer fails to pay the Purchase Prices in full to

the Company within 7 days from the Sale Date (including

the Sale Date), the Company has the right to appoint a

third party organization to collect the entire or part of the

Purchase Prices that the Buyer owes;

3. If the Buyer fails to pay the Purchase Price in full within

7 days from the Sale Date (including the Sale Date), the

Company has the right to charge interest at 0.03% per day

on the unpaid portion starting from the 8th day after the

Sale Date until the day on which the Buyer has fully paid the

monies, with the exception that the Buyer has otherwise

agreed with the Company;

4. The Buyer shall bear the risks and expenses of taking

out an insurance policy, moving and storing the Lot in the

Company or other places;

5. To sue the Buyer or apply to Arbitration Agency for

mediation, demand for compensation for all the losses due

to the breach of contract by the Buyer including but not

limited to economic loss, legal expenses, default penalty and

pass due interest caused by the delay in payment or refusal

to make payments by the Buyer;

6. To retain that or any other Lot that the same Buyer has

bought via the Company, and any other properties or rights

to property of the Buyer that the Company holds for any

reasons, all the expenses and/or risks incurred during the

retention period shall be borne by the Buyer. If the Buyer fails

to perform all its duties concerned within the period specifi ed

by the Company, the Company has the right to issue a lien

notice tothe Buyer and dispose of the items under lien if the

Buyer has not yet fully paid all outstanding amounts within

30 days aft er the issue of that notice. if the items under lien

are insuffi cient to off set all the monies payable by the Buyer

to the Company, the Company has the right to claim them;

7. The Company has sole discretion to cancel the sale or

agree that the Consignor can cancel the deal, and reserve

the right to claim all the losses suff ered by the Company due

to the cancellation of that deal;

8. ﬔ e Company can place the Lot for auction again or sell it

by other means according to the provisions of the Conditions

of Business with the consent of the Seller, and the Company

reserves the right to decide the Estimate and Reserve. ﬔ e

original Buyer shall pay the commission and other Buyer's

Expenses and the Seller in the first auction, and it shall

bear all the costs of the second auction or the sale of the

Lotby other means. If the price obtained from the second

auction or the sale of the Lot by other means is lower than

the original auction sum, the original Buyer shall pay the

shortfall;

9. To offset any monies related to the Lot that the Buyer

owes the Company by any sums that the Company owes the

Buyer in any other transactions;

10. ﬔ e Company can decide to use any monies paid by the

Buyer to repay any sums that the Buyer owes the Company

in any other transactions;

11. To reject any bids made by the Buyer or its agent

at future auctions, or to obtain auction deposit before

accepting any bids;

12. To disclose the information of the Buyer to the Seller, so

that the Seller can start a law suit to recover the outstanding

amount, or claim damages and claim legal fees for breach of

contract by the Buyer.

ARTICLE 59 REMEDIES FOR DELAY IN COLLECTING

THE LOT

If the Buyer fails to collect the purchased Lot 7 days aft er the

Sale Date (including the Sale Date), the Company has the

right to adopt one or more of the measures below:

1. All costs (including but not limited to the storage fee

calculated and charged according to the provisions of the

Bidder Registration Order starting from the 31st day from

the Sale Date (including the Sale Date) and/or risks for the

taking out of an insurance policy and/or storing the Lot in the

Company or other places shall be borne by the Buyer. Only

aft er the Buyer has paid the full amount of the Purchase Price,

it can collect the Lot (packing and moving costs, insurance

expenses, expenses related to export shall be at the Buyer's

expense);

2. ﬔ e Buyer shall bear all the risks and expenses incurred

aft er the deadline as stated in the Conditions of Business if it

cannot collect the Lot concerned within that deadline. If the

Buyer has not yet collected the Lot within 30 days from the

Sale Date (including the Sale Date), aft er notifying the Buyer,

the Company has the right to sell that Lot in a public auction

or by a method and with methods and conditions that it

considers suitable. Any proceeds aft er the deduction of all

the losses, expenses (packing & moving costs, insurance

costs, expenses related to export, Storage Fee, and notarial

expenses etc.) incurred by the Company from the disposal

shall be taken back by the Buyer; such balance is noninterest-bearing. If the Buyer fails to take the proceeds back

two years aft er the Sale Date, the balance shall be deposited

to a Hong Kong court by the Company after deducting the

relevant expenses (including legal fees).

ARTICLE 60 LIMITED WARRANTY

1. ﬔ e Company provides general warranty to the Buyer:

If the Lot sold by the Company is later found to be a

counterfeit, the Company will cancel that deal according to

the terms of the Conditions of Business, and will return to

the Buyer in the currency of the original deal the Hammer

Price together with the Buyer's Commission that the Buyer

has paid to the Company for the Lot. In this regard, based on

the reasonable opinion of the Company, counterfeits refer to

frauds in various aspects such as the source, place of origin,

date, production year, duration, culture or sources etc. of

the article, and the correct description of the above points

have not been recorded in the contents of the catalogue

(any special terminologies are taken into consideration). Any

damage and/or any type of restored item and/or repaired

items (including repaintingor painting on top of it) of the Lot

shall not be considered as counterfeit.

Please pay attention that if any of the following situations

happens, this warranty shall not apply; The contents of

the catalogue are based on generally accepted opinion

of academics and specialists on the selling date, or

contradictions in opinions are shown in the contents of the

catalogue; or

On the selling date, the only method of proving the Lot is a

counterfeit is not a method which can be used in general;

which is recognized; which is extremely high price; the

usage of such method is impractical; or this method may

have caused damage to the Lot or may (according to the

reasonable opinion of the Company) have already caused

the Lot to lose value; or

If the Lot has not lost any material value from the description

of the Lot.

2. ﬔ e deadline in this warranty is 5 years fromthe Auction

Date concerned, these benefits are exclusively enjoyed by

the Buyer, and shall not be transferred to any third party.

In order to make claims based on this warranty, the Buyer

shall:-(1) notify the Company in writing within one month

after the receipt of any information which leads the Buyer

to doubt the authenticity or attributes of the Lot, specifying

fl awlessness of the Lot.

ARTICLE 32 UNCERTAINTY OF CATALOGUE

Where the tone, color, graduation shape or any other

feature of the Lot shown in the catalogue and/or any other

illustrations, images and public materials diff er from those

of the original Lot due to printing, photography or other

technical reasons, the original Lot shall take precedence. Any

introduction and appraisal of any Lot made by the Company

and its employees or its agents in anyway (including the

certifi cate, catalogue, slideshow and news media) are only

opinions for reference and do not constitute any guarantee

for the Lot. The Company and its employees or its agents

shall undertake no liability for any inaccuracy or omission in

the aforesaid introduction or appraisal.

ARTICLE 33 RESERVE AND ESTIMATE

Unless otherwise indicated, all Lots are off ered subject to a

Reserve. Normally, the Reserve is not higher than the lowest

Estimate announced before the auction or published before

the auction by the Company. If a Reserve has not been set for

a Lot, unless there has already been bidding, the Auctioneer,

in his or her discretion, may determine the starting price, but

this shall not be higher than the lowest Estimate of the Lot

before the auction.

Under no circumstances shall the Company bear any liability

when the bids for a Lot do not reach the Reserve. If the bids

are lower than the Reserve, the Auctioneer, in his or her

discretion, may sell the Lot at a price lower than the Reserve.

However under such circumstances, the amount that the

Company shall pay the Seller shall be the amount that the

Seller would receive as if the Lot was sold at the Reserve.

The Estimate is estimated at an earlier time before the

Auction Date, it is not a confi rmed selling price, and is not

legally binding. Estimates cannot be used as a forecast of

the Hammer Price of the Lot, and the Company has the right

to revise from time to time the Estimate already made.

ARTICLE 34 BIDDERS' INSPECTION

RESPONSIBILITY

The Bidder and/or his/her/its agents shall have the

responsibility to learn about the actual conditions of the Lot

and shall be legally liable for his/her/its bid for a certain

Lot. ﬔ e Company strongly advises the Bidders to personally

inspect the original Lot they intend to bid for before the

Auction Date by authentication or other means. Bidders

shall judge by themselves whether Lot complies with the

descriptions in the Company's catalogue of the Lot and

other images and public materials, rather than relying on the

catalogue, images and public materials to make decisions.

ARTICLE 35 REGISTRATION OF BIDDERS

If the Bidder is a natural person, before the Auction Date, he/

she shall fi ll in and sign the registration documents with an

identity document with photo issued by the government (such

as resident identity card or passport), and provide proof of

the current address (e.g. utility bill or bank statement); if the

Bidder is a company or other organization, before the Auction

Date, it shall fi ll in and sign the registration documents and

collect a paddle with its valid certificate of incorporation

and proof of shareholding and legitimate authorization

document. ﬔ e Company may request the Bidder to present

proof of bank details or other proof of fi nancial conditions for

payment purposes.

ARTICLE 36 PADDLE

The Company can announce before the Auction Date the

conditions and procedures of arranging paddle for the

Bidder according to diff erent auction conditions and auction

methods etc., including but not limited to the qualification

and conditions for the Bidder to arrange a paddle. The

Company solemnly reminds that a paddle is the only proof

for the Bidder to participate in the auction at the venue. ﬔ e

Bidder shall keep it properly and shall not lend it to others to

use it. If it is lost, it shall immediately handle the loss report

formalities in a written form recognized by the Company.

No matter if the person holding a paddle has been appointed

by the Bidder or not, his or her bidding acts at auction are

considered as having been made by the registered person

himself, and the Bidder shall bear the legal responsibilities

for the acts of the former, unless the Bidder himself has

already submitted a written report to the Company regarding

the loss paddle.

ARTICLE 37 AUCTION DEPOSIT

When a Bidder participates in an auction of the Company,

he/she shall fi rst pay the auction deposit before collecting

the paddle. The amount of the auction deposit will be

announced by the Company before the Auction Date, and the

Company has the right to waive the auction deposit. If the

Bidder fails to buy the Lot and he does not owe the Company

any sum, then that auction deposit shall be returned to the

Bidder in full without interest within 14 working days after

the end of the auction. If the Bidder succeeds in buying a Lot,

the auction deposit shall automatically be converted to the

payment of the Purchase Price of the Lot.

ARTICLE 38 DISCRETION OF THE COMPANY

The Company has the right to forbid anyone from

participating in the auction organized by the Company or

entering the auction site, or taking pictures or shooting

videos at the auction site at its discretion.

ARTICLE 39 HANDLING OF ABNORMAL EVENTS

If any abnormal event occurs at the auction site, the

Company has the right to take emergency actions. If any

dispute arises at the auction site, the Company has right to

mediate and settle it.

ARTICLE 40 CONFIRMATION OF BUYER'S IDENTITY

ﬔ e Bidder must take good care of his/her/its paddle and be

cautious not to lose it. ﬔ e Bidder shall not lend his/her/its

paddle to others, or the Bidder shall assume all legal liability

for others' act of bidding for the Lot using his/her/its paddle.

ARTICLE 41 ABSENTEE BIDS

Bidders shall attend the auction in person. If a Bidder or its

agent cannot attend in person, it can appoint the Company

in writing for the Company to bid on its behalf. ﬔ e Company

has the discretion to accept or not accept the above

appointment. Any Bidder who has appointed the Company

to bid shall handle the appointment formalities within the

period stipulated (no later than three business days), and

produce a completed Absentee Bid Order to the Company,

and at the same time pay the auction deposit according to

the Conditions of Business.

If the Bidder who has appointed the Company to bid needs

to cancel the absentee bid, it shall notify the Company no

later than 24 hours before the Auction Date.

ARTICLE 42 AUCTION RESULTS OF ABSENTEE BID

If a Bidder who has appointed the Company to bid, the

auction results and the related legal responsibilities shall be

borne by the Bidder.

If the Bidder indicates in the Absentee Bid Order that it bids

by instant communication methods such as telephone, it

shall fill in the instant communication method accurately

and keep the instant communication instrument properly,

during the period in which the Company is appointed to bid,

the Bidder shall use that instant communication instrument

itself. Where the instant communication instrument is lost or

it cannot be within control, the Bidder shall immediately use a

written form recognized by the Company to change the instant

communication method filled in the Absentee Bid Order.

During the period the Company is appointed to bid, it shall

make appropriate efforts to contact the Bidder, the bidding

information transmitted by that instant communication

instrument (whether or not it is transmitted by the Bidder

personally or the Bidder's agent) shall be considered as

transmitted by the Bidder itself, and the Bidder shall bear legal

responsibilities for the actions taken by it. Unless the Buyer

itself has changed the instant communication method fi lled in

the Absentee Bid Order by a written method recognized by the

Company. All telephone bids may be recorded and kept at Poly

Auction (Hong Kong)'s sole discretion, by opting for telephone

bids, the Bidder agrees that its phone conversation will be

recorded.

Nevertheless, under no circumstances shall the Company

be responsible for any unsuccessful contact or errors

or omissions in the bidding process using that instant

communication instrument.

ARTICLE 43 DISCLAIMER OF ABSENTEE BID

Since absentee bid is a free service of transmitting

bidding information that the Company provides to the

Bidder, the Company and its employees shall not bear any

responsibilities for unsuccessful bidding or any errors,

omissions, negligence, fault or inability to bid on its behalf

during the bidding process.

ARTICLE 44 FIRST-COME-FIRST-SERVE PRINCIPLE

FOR ABSENTEE BID

If two or more Bidders appointing the Company to bid on their

behalf have bid the same price for the same Lot and eventually

that Lot is sold at that Hammer Price, then the one who fi rst

submitted to the Company shall be the Buyer of that Lot.

ARTICLE 45 DISCRETION OF THE AUCTIONEER

The Auctioneer has the right at his absolute and sole

discretion in the following matters:

1. Refusal or acceptance of any bid;

2. Carrying out the auction in such a manner as he may

decide;

3. Withdrawal of any Lot, dividing it for auction separately,

combining any two or more Lots for auction;

4. If there are errors or disputes, no matter if they occur

during or aft er the auction, he shall have the right to decide

the successful Bidder, whether or not to continue the

auction, to cancel the auction or place the Lot under dispute

for auction again;

5. ﬔ e Auctioneer may open and carry out the bidding at a

level with bidding increments that he considers suitable, and

has the right to bid on behalf of the Seller up to the amount

of the Reserve, either by placing consecutive bids or by

placing bids in response to other Bidders;

6. Adoption of other actions that he considers as appropriate.

ARTICLE 46 NO RESERVE

For those Lots without a Reserve, unless there has already

been bidding, otherwise the Auctioneer, under his own

discretion, may decide the starting price. If there is no

bidding at such a price, the Auctioneer will, at his own

discretion, lower the price and continue the auction until a

Bidder starts to bid, then he will continue the auction at that

price and then continue up from that amount.

ARTICLE 47 IMAGE DISPLAY BOARD AND

CURRENCY CONVERSION BOARD

To facilitate Bidders, the Company may use image projector

or other forms of display boards in the auction. ﬔ e contents

shown are for reference only. It is possible that there are

diff erences in the information such as the amount, reference

number of the Lot, images of the Lot or reference foreign

currency etc. shown in the image projector or other forms

of display boards and the Company shall not bear any

responsibilities for any losses caused by such diff erences.

ARTICLE 48 SUCCESSFUL BID

The fact that the Auctioneer confirms the highest bid of a

Bidder by striking his/her hammer or in any other manner of

publicly confi rming the sale shall indicate the conclusion of a

sales contract for the Lot between the Bidder and the Seller.

ARTICLE 49 COMMISSION AND EXPENSES

After the Bidder has succeeded in bidding, it will become

the Buyer of that Lot. A buyer's premium will be added to

the Hammer Price and is payable by the buyer as part of

the total purchase price. ﬔ e buyer's premium is 20% of the

hammer price of each lot and at the same time other Buyer's

Expenses, and recognizes that the Company can charge the

Seller the commission and other Seller expenses according

to provisions of the Consignment Agreement.

ARTICLE 50 TAXES

All the monies that the Buyer pays to the Company are net

amounts, which shall not include any tax on goods, tax

on services or other value added tax (whether levied by

Hong Kong or other regions). If there is any tax applicable

to the Buyer, the Buyer shall bear it itself according to the

provisions of the relevant laws currently in force.

ARTICLE 51 PAYMENT TIME

After the Lot is successfully sold in an auction, unless

otherwise agreed, regardless of any stipulations of the

export, import or other permits of the Lot, the Buyer shall

fully pay the Purchase Price within 7 days aft er the Sale Date

(including the Sale Date), and collect the Lot. If packing,

moving costs, and insurance expenses, expenses related to

export are involved, the Buyer shall pay them altogether.

ARTICLE 52 PAYMENT CURRENCY

All monies shall be paid in Hong Kong dollars. If the Buyer

pays in another currency other than Hong Kong dollars, it

shall convert it at the exchange rate agreed between the

Buyer and the Company or at the exchange rate of Hong

Kong dollars and that currency type on the previous working

day announced by such bank as selected by the Company.

All bank handling fees, commission and charges incurred by

the Company for converting the foreign currency paid by the

Buyer into Hong Kong dollars shall be borne by the Buyer.

ARTICLE 53 TRANSFER OF OWNERSHIP

ﬔ e ownership shall be passed onto the Buyer only when the

Buyer has fully paid the Purchase Price and all monies that

the Buyer owes the Company.

ARTICLE 54 TRANSFER OF RISKS

Aft er the bidding has succeeded, the risks oft he Lot shall be

borne by the Buyer itself aft er the occurrence of one of the

following events (whichever earlier):

1. ﬔ e Buyer has collected the Lot; or

2. ﬔ e Buyer has fully paid the Purchase Price for the Lot to

the Company; or

3. ﬔ e expiry of seven days aft er the Sale Date (including the

Sale Date).

ARTICLE 55 COLLECTION OF THE LOT

Risk and responsibility for the lot passes to the Buyer at the

expiration of thirty calendar days from the Sale Date (including

the Sale Date). or on collection by the Buyer, if earlier. After

thirty calendar days, all expenses incurred, including but not

limited to storage, moving, insurance will be for the account of

the Buyer. Although the Company shall use reasonable eff orts

to take care of purchased Lot and suggest handlers, packers or

carriers, the company is not responsibleto any person to whom

we have made are commendation for the acts or omissions of

the third party concerned.

ARTICLE 56 PACKING, HANDLING AND MOVING

If the employees of the Company pack and handle the Lot

bought on behalf of the Buyer according to the latter's

requirements, this is considered as a service provided by the

Company to the Buyer and the Company has the discretion

to decide whether to provide this service, if any losses

arise therefrom, the Buyer shall bear them itself. Under no

circumstances shall the Company be responsible for any

damage of the glass or picture frame, box, backing sheet,

frame case, mounting, inserts, rolling rod or similar auxiliary

objects caused by any reasons.

Where the Buyer requests the Company to assist it in

collecting the purchased Lot (the packaging, mailing and

transportation expenses shall be paid by the Buyer) by

means of post, express delivery or transportation, the

Company shall be deemed to have delivered the Lot and the

Buyer shall be deemed to have collected such Lot according

to the normal procedure upon the Company's delivery of the

Lot to the post, express delivery and transportation entities,

companies or their employees/branch offices. The risks

arising from this process shall be borne by the Buyer. Unless

Buyer gives a clear indication and pays insurance premium,

no insurance is provided in the process of mailing, express

delivery or transportation generally.

The Company shall undertake no liability for any error,

omission, damage or destruction caused by the packaging

company and post, express delivery and transportation

entities or companies designated by the Buyer or

recommended by the Company to the Buyer.

ARTICLE 57 IMPORT, EXPORT LICENSES AND

PERMIT

ﬔ e Buyer shall be responsible for obtaining any import and

export licenses, permit for endangered animals or other

aspects related to the Lot. Failure or delay in obtaining

any permits required shall not be deemed as a reason for

cancelling the purchase or delaying in paying the Purchase

Price. The Company shall not bear any responsibilities for

the failure to properly fi ll in or submit the required import or

export documents.

If the Buyer requests the Company to apply for the import

and export licenses on its behalf, the Company has the

right to charge service fees for this service. However, the

Company does not warrant that the import or export license

will be issued. The Company and the Seller has not made

declaration or warranty in respect of whether or not any Lot

is subject to import and export restrictions or any embargo.

ARTICLE 58 REMEDIES FOR NON-PAYMENT

If the Buyer fails to make full payment according to the

provisions of the Conditions of Business or any payment

arrangements agreed with the Company, the Company has

the right to adopt one or more of the following measures:

1. Aft er the Lot is sold, if the Buyer fails to pay the Purchase

Price within 7 days from the Sale Date (including the Sale

Date), the auction deposit paid at the time of bidding

registration shall not be refunded, and it shall at the same

time bear the relevant responsibilities according the

provisions of the Conditions of Business; if the Buyer has

bought a few Lots with the same paddle, aft er the Lots are

sold, if the Buyer has not paid the Purchase Price of any of

the Lots within the time stipulated, then the entire auction

deposit shall not be refunded, and it shall at the same time

bear the relevant responsibilities according the provisions of

the Conditions of Business;

2. If the Buyer fails to pay the Purchase Prices in full to

the Company within 7 days from the Sale Date (including

the Sale Date), the Company has the right to appoint a

third party organization to collect the entire or part of the

Purchase Prices that the Buyer owes;

3. If the Buyer fails to pay the Purchase Price in full within

7 days from the Sale Date (including the Sale Date), the

Company has the right to charge interest at 0.03% per day

on the unpaid portion starting from the 8th day after the

Sale Date until the day on which the Buyer has fully paid the

monies, with the exception that the Buyer has otherwise

agreed with the Company;

4. The Buyer shall bear the risks and expenses of taking

out an insurance policy, moving and storing the Lot in the

Company or other places;

5. To sue the Buyer or apply to Arbitration Agency for

mediation, demand for compensation for all the losses due

to the breach of contract by the Buyer including but not

limited to economic loss, legal expenses, default penalty and

pass due interest caused by the delay in payment or refusal

to make payments by the Buyer;

6. To retain that or any other Lot that the same Buyer has

bought via the Company, and any other properties or rights

to property of the Buyer that the Company holds for any

reasons, all the expenses and/or risks incurred during the

retention period shall be borne by the Buyer. If the Buyer fails

to perform all its duties concerned within the period specifi ed

by the Company, the Company has the right to issue a lien

notice tothe Buyer and dispose of the items under lien if the

Buyer has not yet fully paid all outstanding amounts within

30 days aft er the issue of that notice. if the items under lien

are insuffi cient to off set all the monies payable by the Buyer

to the Company, the Company has the right to claim them;

7. The Company has sole discretion to cancel the sale or

agree that the Consignor can cancel the deal, and reserve

the right to claim all the losses suff ered by the Company due

to the cancellation of that deal;

8. ﬔ e Company can place the Lot for auction again or sell it

by other means according to the provisions of the Conditions

of Business with the consent of the Seller, and the Company

reserves the right to decide the Estimate and Reserve. ﬔ e

original Buyer shall pay the commission and other Buyer's

Expenses and the Seller in the first auction, and it shall

bear all the costs of the second auction or the sale of the

Lotby other means. If the price obtained from the second

auction or the sale of the Lot by other means is lower than

the original auction sum, the original Buyer shall pay the

shortfall;

9. To offset any monies related to the Lot that the Buyer

owes the Company by any sums that the Company owes the

Buyer in any other transactions;

10. ﬔ e Company can decide to use any monies paid by the

Buyer to repay any sums that the Buyer owes the Company

in any other transactions;

11. To reject any bids made by the Buyer or its agent

at future auctions, or to obtain auction deposit before

accepting any bids;

12. To disclose the information of the Buyer to the Seller, so

that the Seller can start a law suit to recover the outstanding

amount, or claim damages and claim legal fees for breach of

contract by the Buyer.

ARTICLE 59 REMEDIES FOR DELAY IN COLLECTING

THE LOT

If the Buyer fails to collect the purchased Lot 7 days aft er the

Sale Date (including the Sale Date), the Company has the

right to adopt one or more of the measures below:

1. All costs (including but not limited to the storage fee

calculated and charged according to the provisions of the

Bidder Registration Order starting from the 31st day from

the Sale Date (including the Sale Date) and/or risks for the

taking out of an insurance policy and/or storing the Lot in the

Company or other places shall be borne by the Buyer. Only

aft er the Buyer has paid the full amount of the Purchase Price,

it can collect the Lot (packing and moving costs, insurance

expenses, expenses related to export shall be at the Buyer's

expense);

2. ﬔ e Buyer shall bear all the risks and expenses incurred

aft er the deadline as stated in the Conditions of Business if it

cannot collect the Lot concerned within that deadline. If the

Buyer has not yet collected the Lot within 30 days from the

Sale Date (including the Sale Date), aft er notifying the Buyer,

the Company has the right to sell that Lot in a public auction

or by a method and with methods and conditions that it

considers suitable. Any proceeds aft er the deduction of all

the losses, expenses (packing & moving costs, insurance

costs, expenses related to export, Storage Fee, and notarial

expenses etc.) incurred by the Company from the disposal

shall be taken back by the Buyer; such balance is noninterest-bearing. If the Buyer fails to take the proceeds back

two years aft er the Sale Date, the balance shall be deposited

to a Hong Kong court by the Company after deducting the

relevant expenses (including legal fees).

ARTICLE 60 LIMITED WARRANTY

1. ﬔ e Company provides general warranty to the Buyer:

If the Lot sold by the Company is later found to be a

counterfeit, the Company will cancel that deal according to

the terms of the Conditions of Business, and will return to

the Buyer in the currency of the original deal the Hammer

Price together with the Buyer's Commission that the Buyer

has paid to the Company for the Lot. In this regard, based on

the reasonable opinion of the Company, counterfeits refer to

frauds in various aspects such as the source, place of origin,

date, production year, duration, culture or sources etc. of

the article, and the correct description of the above points

have not been recorded in the contents of the catalogue

(any special terminologies are taken into consideration). Any

damage and/or any type of restored item and/or repaired

items (including repaintingor painting on top of it) of the Lot

shall not be considered as counterfeit.

Please pay attention that if any of the following situations

happens, this warranty shall not apply; The contents of

the catalogue are based on generally accepted opinion

of academics and specialists on the selling date, or

contradictions in opinions are shown in the contents of the

catalogue; or

On the selling date, the only method of proving the Lot is a

counterfeit is not a method which can be used in general;

which is recognized; which is extremely high price; the

usage of such method is impractical; or this method may

have caused damage to the Lot or may (according to the

reasonable opinion of the Company) have already caused

the Lot to lose value; or

If the Lot has not lost any material value from the description

of the Lot.

2. ﬔ e deadline in this warranty is 5 years fromthe Auction

Date concerned, these benefits are exclusively enjoyed by

the Buyer, and shall not be transferred to any third party.

In order to make claims based on this warranty, the Buyer

shall:-(1) notify the Company in writing within one month

after the receipt of any information which leads the Buyer

to doubt the authenticity or attributes of the Lot, specifying

第213页

fl awlessness of the Lot.

ARTICLE 32 UNCERTAINTY OF CATALOGUE

Where the tone, color, graduation shape or any other

feature of the Lot shown in the catalogue and/or any other

illustrations, images and public materials diff er from those

of the original Lot due to printing, photography or other

technical reasons, the original Lot shall take precedence. Any

introduction and appraisal of any Lot made by the Company

and its employees or its agents in anyway (including the

certifi cate, catalogue, slideshow and news media) are only

opinions for reference and do not constitute any guarantee

for the Lot. The Company and its employees or its agents

shall undertake no liability for any inaccuracy or omission in

the aforesaid introduction or appraisal.

ARTICLE 33 RESERVE AND ESTIMATE

Unless otherwise indicated, all Lots are off ered subject to a

Reserve. Normally, the Reserve is not higher than the lowest

Estimate announced before the auction or published before

the auction by the Company. If a Reserve has not been set for

a Lot, unless there has already been bidding, the Auctioneer,

in his or her discretion, may determine the starting price, but

this shall not be higher than the lowest Estimate of the Lot

before the auction.

Under no circumstances shall the Company bear any liability

when the bids for a Lot do not reach the Reserve. If the bids

are lower than the Reserve, the Auctioneer, in his or her

discretion, may sell the Lot at a price lower than the Reserve.

However under such circumstances, the amount that the

Company shall pay the Seller shall be the amount that the

Seller would receive as if the Lot was sold at the Reserve.

The Estimate is estimated at an earlier time before the

Auction Date, it is not a confi rmed selling price, and is not

legally binding. Estimates cannot be used as a forecast of

the Hammer Price of the Lot, and the Company has the right

to revise from time to time the Estimate already made.

ARTICLE 34 BIDDERS' INSPECTION

RESPONSIBILITY

The Bidder and/or his/her/its agents shall have the

responsibility to learn about the actual conditions of the Lot

and shall be legally liable for his/her/its bid for a certain

Lot. ﬔ e Company strongly advises the Bidders to personally

inspect the original Lot they intend to bid for before the

Auction Date by authentication or other means. Bidders

shall judge by themselves whether Lot complies with the

descriptions in the Company's catalogue of the Lot and

other images and public materials, rather than relying on the

catalogue, images and public materials to make decisions.

ARTICLE 35 REGISTRATION OF BIDDERS

If the Bidder is a natural person, before the Auction Date, he/

she shall fi ll in and sign the registration documents with an

identity document with photo issued by the government (such

as resident identity card or passport), and provide proof of

the current address (e.g. utility bill or bank statement); if the

Bidder is a company or other organization, before the Auction

Date, it shall fi ll in and sign the registration documents and

collect a paddle with its valid certificate of incorporation

and proof of shareholding and legitimate authorization

document. ﬔ e Company may request the Bidder to present

proof of bank details or other proof of fi nancial conditions for

payment purposes.

ARTICLE 36 PADDLE

The Company can announce before the Auction Date the

conditions and procedures of arranging paddle for the

Bidder according to diff erent auction conditions and auction

methods etc., including but not limited to the qualification

and conditions for the Bidder to arrange a paddle. The

Company solemnly reminds that a paddle is the only proof

for the Bidder to participate in the auction at the venue. ﬔ e

Bidder shall keep it properly and shall not lend it to others to

use it. If it is lost, it shall immediately handle the loss report

formalities in a written form recognized by the Company.

No matter if the person holding a paddle has been appointed

by the Bidder or not, his or her bidding acts at auction are

considered as having been made by the registered person

himself, and the Bidder shall bear the legal responsibilities

for the acts of the former, unless the Bidder himself has

already submitted a written report to the Company regarding

the loss paddle.

ARTICLE 37 AUCTION DEPOSIT

When a Bidder participates in an auction of the Company,

he/she shall fi rst pay the auction deposit before collecting

the paddle. The amount of the auction deposit will be

announced by the Company before the Auction Date, and the

Company has the right to waive the auction deposit. If the

Bidder fails to buy the Lot and he does not owe the Company

any sum, then that auction deposit shall be returned to the

Bidder in full without interest within 14 working days after

the end of the auction. If the Bidder succeeds in buying a Lot,

the auction deposit shall automatically be converted to the

payment of the Purchase Price of the Lot.

ARTICLE 38 DISCRETION OF THE COMPANY

The Company has the right to forbid anyone from

participating in the auction organized by the Company or

entering the auction site, or taking pictures or shooting

videos at the auction site at its discretion.

ARTICLE 39 HANDLING OF ABNORMAL EVENTS

If any abnormal event occurs at the auction site, the

Company has the right to take emergency actions. If any

dispute arises at the auction site, the Company has right to

mediate and settle it.

ARTICLE 40 CONFIRMATION OF BUYER'S IDENTITY

ﬔ e Bidder must take good care of his/her/its paddle and be

cautious not to lose it. ﬔ e Bidder shall not lend his/her/its

paddle to others, or the Bidder shall assume all legal liability

for others' act of bidding for the Lot using his/her/its paddle.

ARTICLE 41 ABSENTEE BIDS

Bidders shall attend the auction in person. If a Bidder or its

agent cannot attend in person, it can appoint the Company

in writing for the Company to bid on its behalf. ﬔ e Company

has the discretion to accept or not accept the above

appointment. Any Bidder who has appointed the Company

to bid shall handle the appointment formalities within the

period stipulated (no later than three business days), and

produce a completed Absentee Bid Order to the Company,

and at the same time pay the auction deposit according to

the Conditions of Business.

If the Bidder who has appointed the Company to bid needs

to cancel the absentee bid, it shall notify the Company no

later than 24 hours before the Auction Date.

ARTICLE 42 AUCTION RESULTS OF ABSENTEE BID

If a Bidder who has appointed the Company to bid, the

auction results and the related legal responsibilities shall be

borne by the Bidder.

If the Bidder indicates in the Absentee Bid Order that it bids

by instant communication methods such as telephone, it

shall fill in the instant communication method accurately

and keep the instant communication instrument properly,

during the period in which the Company is appointed to bid,

the Bidder shall use that instant communication instrument

itself. Where the instant communication instrument is lost or

it cannot be within control, the Bidder shall immediately use a

written form recognized by the Company to change the instant

communication method filled in the Absentee Bid Order.

During the period the Company is appointed to bid, it shall

make appropriate efforts to contact the Bidder, the bidding

information transmitted by that instant communication

instrument (whether or not it is transmitted by the Bidder

personally or the Bidder's agent) shall be considered as

transmitted by the Bidder itself, and the Bidder shall bear legal

responsibilities for the actions taken by it. Unless the Buyer

itself has changed the instant communication method fi lled in

the Absentee Bid Order by a written method recognized by the

Company. All telephone bids may be recorded and kept at Poly

Auction (Hong Kong)'s sole discretion, by opting for telephone

bids, the Bidder agrees that its phone conversation will be

recorded.

Nevertheless, under no circumstances shall the Company

be responsible for any unsuccessful contact or errors

or omissions in the bidding process using that instant

communication instrument.

ARTICLE 43 DISCLAIMER OF ABSENTEE BID

Since absentee bid is a free service of transmitting

bidding information that the Company provides to the

Bidder, the Company and its employees shall not bear any

responsibilities for unsuccessful bidding or any errors,

omissions, negligence, fault or inability to bid on its behalf

during the bidding process.

ARTICLE 44 FIRST-COME-FIRST-SERVE PRINCIPLE

FOR ABSENTEE BID

If two or more Bidders appointing the Company to bid on their

behalf have bid the same price for the same Lot and eventually

that Lot is sold at that Hammer Price, then the one who fi rst

submitted to the Company shall be the Buyer of that Lot.

ARTICLE 45 DISCRETION OF THE AUCTIONEER

The Auctioneer has the right at his absolute and sole

discretion in the following matters:

1. Refusal or acceptance of any bid;

2. Carrying out the auction in such a manner as he may

decide;

3. Withdrawal of any Lot, dividing it for auction separately,

combining any two or more Lots for auction;

4. If there are errors or disputes, no matter if they occur

during or aft er the auction, he shall have the right to decide

the successful Bidder, whether or not to continue the

auction, to cancel the auction or place the Lot under dispute

for auction again;

5. ﬔ e Auctioneer may open and carry out the bidding at a

level with bidding increments that he considers suitable, and

has the right to bid on behalf of the Seller up to the amount

of the Reserve, either by placing consecutive bids or by

placing bids in response to other Bidders;

6. Adoption of other actions that he considers as appropriate.

ARTICLE 46 NO RESERVE

For those Lots without a Reserve, unless there has already

been bidding, otherwise the Auctioneer, under his own

discretion, may decide the starting price. If there is no

bidding at such a price, the Auctioneer will, at his own

discretion, lower the price and continue the auction until a

Bidder starts to bid, then he will continue the auction at that

price and then continue up from that amount.

ARTICLE 47 IMAGE DISPLAY BOARD AND

CURRENCY CONVERSION BOARD

To facilitate Bidders, the Company may use image projector

or other forms of display boards in the auction. ﬔ e contents

shown are for reference only. It is possible that there are

diff erences in the information such as the amount, reference

number of the Lot, images of the Lot or reference foreign

currency etc. shown in the image projector or other forms

of display boards and the Company shall not bear any

responsibilities for any losses caused by such diff erences.

ARTICLE 48 SUCCESSFUL BID

The fact that the Auctioneer confirms the highest bid of a

Bidder by striking his/her hammer or in any other manner of

publicly confi rming the sale shall indicate the conclusion of a

sales contract for the Lot between the Bidder and the Seller.

ARTICLE 49 COMMISSION AND EXPENSES

After the Bidder has succeeded in bidding, it will become

the Buyer of that Lot. A buyer's premium will be added to

the Hammer Price and is payable by the buyer as part of

the total purchase price. ﬔ e buyer's premium is 20% of the

hammer price of each lot and at the same time other Buyer's

Expenses, and recognizes that the Company can charge the

Seller the commission and other Seller expenses according

to provisions of the Consignment Agreement.

ARTICLE 50 TAXES

All the monies that the Buyer pays to the Company are net

amounts, which shall not include any tax on goods, tax

on services or other value added tax (whether levied by

Hong Kong or other regions). If there is any tax applicable

to the Buyer, the Buyer shall bear it itself according to the

provisions of the relevant laws currently in force.

ARTICLE 51 PAYMENT TIME

After the Lot is successfully sold in an auction, unless

otherwise agreed, regardless of any stipulations of the

export, import or other permits of the Lot, the Buyer shall

fully pay the Purchase Price within 7 days aft er the Sale Date

(including the Sale Date), and collect the Lot. If packing,

moving costs, and insurance expenses, expenses related to

export are involved, the Buyer shall pay them altogether.

ARTICLE 52 PAYMENT CURRENCY

All monies shall be paid in Hong Kong dollars. If the Buyer

pays in another currency other than Hong Kong dollars, it

shall convert it at the exchange rate agreed between the

Buyer and the Company or at the exchange rate of Hong

Kong dollars and that currency type on the previous working

day announced by such bank as selected by the Company.

All bank handling fees, commission and charges incurred by

the Company for converting the foreign currency paid by the

Buyer into Hong Kong dollars shall be borne by the Buyer.

ARTICLE 53 TRANSFER OF OWNERSHIP

ﬔ e ownership shall be passed onto the Buyer only when the

Buyer has fully paid the Purchase Price and all monies that

the Buyer owes the Company.

ARTICLE 54 TRANSFER OF RISKS

Aft er the bidding has succeeded, the risks oft he Lot shall be

borne by the Buyer itself aft er the occurrence of one of the

following events (whichever earlier):

1. ﬔ e Buyer has collected the Lot; or

2. ﬔ e Buyer has fully paid the Purchase Price for the Lot to

the Company; or

3. ﬔ e expiry of seven days aft er the Sale Date (including the

Sale Date).

ARTICLE 55 COLLECTION OF THE LOT

Risk and responsibility for the lot passes to the Buyer at the

expiration of thirty calendar days from the Sale Date (including

the Sale Date). or on collection by the Buyer, if earlier. After

thirty calendar days, all expenses incurred, including but not

limited to storage, moving, insurance will be for the account of

the Buyer. Although the Company shall use reasonable eff orts

to take care of purchased Lot and suggest handlers, packers or

carriers, the company is not responsibleto any person to whom

we have made are commendation for the acts or omissions of

the third party concerned.

ARTICLE 56 PACKING, HANDLING AND MOVING

If the employees of the Company pack and handle the Lot

bought on behalf of the Buyer according to the latter's

requirements, this is considered as a service provided by the

Company to the Buyer and the Company has the discretion

to decide whether to provide this service, if any losses

arise therefrom, the Buyer shall bear them itself. Under no

circumstances shall the Company be responsible for any

damage of the glass or picture frame, box, backing sheet,

frame case, mounting, inserts, rolling rod or similar auxiliary

objects caused by any reasons.

Where the Buyer requests the Company to assist it in

collecting the purchased Lot (the packaging, mailing and

transportation expenses shall be paid by the Buyer) by

means of post, express delivery or transportation, the

Company shall be deemed to have delivered the Lot and the

Buyer shall be deemed to have collected such Lot according

to the normal procedure upon the Company's delivery of the

Lot to the post, express delivery and transportation entities,

companies or their employees/branch offices. The risks

arising from this process shall be borne by the Buyer. Unless

Buyer gives a clear indication and pays insurance premium,

no insurance is provided in the process of mailing, express

delivery or transportation generally.

The Company shall undertake no liability for any error,

omission, damage or destruction caused by the packaging

company and post, express delivery and transportation

entities or companies designated by the Buyer or

recommended by the Company to the Buyer.

ARTICLE 57 IMPORT, EXPORT LICENSES AND

PERMIT

ﬔ e Buyer shall be responsible for obtaining any import and

export licenses, permit for endangered animals or other

aspects related to the Lot. Failure or delay in obtaining

any permits required shall not be deemed as a reason for

cancelling the purchase or delaying in paying the Purchase

Price. The Company shall not bear any responsibilities for

the failure to properly fi ll in or submit the required import or

export documents.

If the Buyer requests the Company to apply for the import

and export licenses on its behalf, the Company has the

right to charge service fees for this service. However, the

Company does not warrant that the import or export license

will be issued. The Company and the Seller has not made

declaration or warranty in respect of whether or not any Lot

is subject to import and export restrictions or any embargo.

ARTICLE 58 REMEDIES FOR NON-PAYMENT

If the Buyer fails to make full payment according to the

provisions of the Conditions of Business or any payment

arrangements agreed with the Company, the Company has

the right to adopt one or more of the following measures:

1. Aft er the Lot is sold, if the Buyer fails to pay the Purchase

Price within 7 days from the Sale Date (including the Sale

Date), the auction deposit paid at the time of bidding

registration shall not be refunded, and it shall at the same

time bear the relevant responsibilities according the

provisions of the Conditions of Business; if the Buyer has

bought a few Lots with the same paddle, aft er the Lots are

sold, if the Buyer has not paid the Purchase Price of any of

the Lots within the time stipulated, then the entire auction

deposit shall not be refunded, and it shall at the same time

bear the relevant responsibilities according the provisions of

the Conditions of Business;

2. If the Buyer fails to pay the Purchase Prices in full to

the Company within 7 days from the Sale Date (including

the Sale Date), the Company has the right to appoint a

third party organization to collect the entire or part of the

Purchase Prices that the Buyer owes;

3. If the Buyer fails to pay the Purchase Price in full within

7 days from the Sale Date (including the Sale Date), the

Company has the right to charge interest at 0.03% per day

on the unpaid portion starting from the 8th day after the

Sale Date until the day on which the Buyer has fully paid the

monies, with the exception that the Buyer has otherwise

agreed with the Company;

4. The Buyer shall bear the risks and expenses of taking

out an insurance policy, moving and storing the Lot in the

Company or other places;

5. To sue the Buyer or apply to Arbitration Agency for

mediation, demand for compensation for all the losses due

to the breach of contract by the Buyer including but not

limited to economic loss, legal expenses, default penalty and

pass due interest caused by the delay in payment or refusal

to make payments by the Buyer;

6. To retain that or any other Lot that the same Buyer has

bought via the Company, and any other properties or rights

to property of the Buyer that the Company holds for any

reasons, all the expenses and/or risks incurred during the

retention period shall be borne by the Buyer. If the Buyer fails

to perform all its duties concerned within the period specifi ed

by the Company, the Company has the right to issue a lien

notice tothe Buyer and dispose of the items under lien if the

Buyer has not yet fully paid all outstanding amounts within

30 days aft er the issue of that notice. if the items under lien

are insuffi cient to off set all the monies payable by the Buyer

to the Company, the Company has the right to claim them;

7. The Company has sole discretion to cancel the sale or

agree that the Consignor can cancel the deal, and reserve

the right to claim all the losses suff ered by the Company due

to the cancellation of that deal;

8. ﬔ e Company can place the Lot for auction again or sell it

by other means according to the provisions of the Conditions

of Business with the consent of the Seller, and the Company

reserves the right to decide the Estimate and Reserve. ﬔ e

original Buyer shall pay the commission and other Buyer's

Expenses and the Seller in the first auction, and it shall

bear all the costs of the second auction or the sale of the

Lotby other means. If the price obtained from the second

auction or the sale of the Lot by other means is lower than

the original auction sum, the original Buyer shall pay the

shortfall;

9. To offset any monies related to the Lot that the Buyer

owes the Company by any sums that the Company owes the

Buyer in any other transactions;

10. ﬔ e Company can decide to use any monies paid by the

Buyer to repay any sums that the Buyer owes the Company

in any other transactions;

11. To reject any bids made by the Buyer or its agent

at future auctions, or to obtain auction deposit before

accepting any bids;

12. To disclose the information of the Buyer to the Seller, so

that the Seller can start a law suit to recover the outstanding

amount, or claim damages and claim legal fees for breach of

contract by the Buyer.

ARTICLE 59 REMEDIES FOR DELAY IN COLLECTING

THE LOT

If the Buyer fails to collect the purchased Lot 7 days aft er the

Sale Date (including the Sale Date), the Company has the

right to adopt one or more of the measures below:

1. All costs (including but not limited to the storage fee

calculated and charged according to the provisions of the

Bidder Registration Order starting from the 31st day from

the Sale Date (including the Sale Date) and/or risks for the

taking out of an insurance policy and/or storing the Lot in the

Company or other places shall be borne by the Buyer. Only

aft er the Buyer has paid the full amount of the Purchase Price,

it can collect the Lot (packing and moving costs, insurance

expenses, expenses related to export shall be at the Buyer's

expense);

2. ﬔ e Buyer shall bear all the risks and expenses incurred

aft er the deadline as stated in the Conditions of Business if it

cannot collect the Lot concerned within that deadline. If the

Buyer has not yet collected the Lot within 30 days from the

Sale Date (including the Sale Date), aft er notifying the Buyer,

the Company has the right to sell that Lot in a public auction

or by a method and with methods and conditions that it

considers suitable. Any proceeds aft er the deduction of all

the losses, expenses (packing & moving costs, insurance

costs, expenses related to export, Storage Fee, and notarial

expenses etc.) incurred by the Company from the disposal

shall be taken back by the Buyer; such balance is noninterest-bearing. If the Buyer fails to take the proceeds back

two years aft er the Sale Date, the balance shall be deposited

to a Hong Kong court by the Company after deducting the

relevant expenses (including legal fees).

ARTICLE 60 LIMITED WARRANTY

1. ﬔ e Company provides general warranty to the Buyer:

If the Lot sold by the Company is later found to be a

counterfeit, the Company will cancel that deal according to

the terms of the Conditions of Business, and will return to

the Buyer in the currency of the original deal the Hammer

Price together with the Buyer's Commission that the Buyer

has paid to the Company for the Lot. In this regard, based on

the reasonable opinion of the Company, counterfeits refer to

frauds in various aspects such as the source, place of origin,

date, production year, duration, culture or sources etc. of

the article, and the correct description of the above points

have not been recorded in the contents of the catalogue

(any special terminologies are taken into consideration). Any

damage and/or any type of restored item and/or repaired

items (including repaintingor painting on top of it) of the Lot

shall not be considered as counterfeit.

Please pay attention that if any of the following situations

happens, this warranty shall not apply; The contents of

the catalogue are based on generally accepted opinion

of academics and specialists on the selling date, or

contradictions in opinions are shown in the contents of the

catalogue; or

On the selling date, the only method of proving the Lot is a

counterfeit is not a method which can be used in general;

which is recognized; which is extremely high price; the

usage of such method is impractical; or this method may

have caused damage to the Lot or may (according to the

reasonable opinion of the Company) have already caused

the Lot to lose value; or

If the Lot has not lost any material value from the description

of the Lot.

2. ﬔ e deadline in this warranty is 5 years fromthe Auction

Date concerned, these benefits are exclusively enjoyed by

the Buyer, and shall not be transferred to any third party.

In order to make claims based on this warranty, the Buyer

shall:-(1) notify the Company in writing within one month

after the receipt of any information which leads the Buyer

to doubt the authenticity or attributes of the Lot, specifying

fl awlessness of the Lot.

ARTICLE 32 UNCERTAINTY OF CATALOGUE

Where the tone, color, graduation shape or any other

feature of the Lot shown in the catalogue and/or any other

illustrations, images and public materials diff er from those

of the original Lot due to printing, photography or other

technical reasons, the original Lot shall take precedence. Any

introduction and appraisal of any Lot made by the Company

and its employees or its agents in anyway (including the

certifi cate, catalogue, slideshow and news media) are only

opinions for reference and do not constitute any guarantee

for the Lot. The Company and its employees or its agents

shall undertake no liability for any inaccuracy or omission in

the aforesaid introduction or appraisal.

ARTICLE 33 RESERVE AND ESTIMATE

Unless otherwise indicated, all Lots are off ered subject to a

Reserve. Normally, the Reserve is not higher than the lowest

Estimate announced before the auction or published before

the auction by the Company. If a Reserve has not been set for

a Lot, unless there has already been bidding, the Auctioneer,

in his or her discretion, may determine the starting price, but

this shall not be higher than the lowest Estimate of the Lot

before the auction.

Under no circumstances shall the Company bear any liability

when the bids for a Lot do not reach the Reserve. If the bids

are lower than the Reserve, the Auctioneer, in his or her

discretion, may sell the Lot at a price lower than the Reserve.

However under such circumstances, the amount that the

Company shall pay the Seller shall be the amount that the

Seller would receive as if the Lot was sold at the Reserve.

The Estimate is estimated at an earlier time before the

Auction Date, it is not a confi rmed selling price, and is not

legally binding. Estimates cannot be used as a forecast of

the Hammer Price of the Lot, and the Company has the right

to revise from time to time the Estimate already made.

ARTICLE 34 BIDDERS' INSPECTION

RESPONSIBILITY

The Bidder and/or his/her/its agents shall have the

responsibility to learn about the actual conditions of the Lot

and shall be legally liable for his/her/its bid for a certain

Lot. ﬔ e Company strongly advises the Bidders to personally

inspect the original Lot they intend to bid for before the

Auction Date by authentication or other means. Bidders

shall judge by themselves whether Lot complies with the

descriptions in the Company's catalogue of the Lot and

other images and public materials, rather than relying on the

catalogue, images and public materials to make decisions.

ARTICLE 35 REGISTRATION OF BIDDERS

If the Bidder is a natural person, before the Auction Date, he/

she shall fi ll in and sign the registration documents with an

identity document with photo issued by the government (such

as resident identity card or passport), and provide proof of

the current address (e.g. utility bill or bank statement); if the

Bidder is a company or other organization, before the Auction

Date, it shall fi ll in and sign the registration documents and

collect a paddle with its valid certificate of incorporation

and proof of shareholding and legitimate authorization

document. ﬔ e Company may request the Bidder to present

proof of bank details or other proof of fi nancial conditions for

payment purposes.

ARTICLE 36 PADDLE

The Company can announce before the Auction Date the

conditions and procedures of arranging paddle for the

Bidder according to diff erent auction conditions and auction

methods etc., including but not limited to the qualification

and conditions for the Bidder to arrange a paddle. The

Company solemnly reminds that a paddle is the only proof

for the Bidder to participate in the auction at the venue. ﬔ e

Bidder shall keep it properly and shall not lend it to others to

use it. If it is lost, it shall immediately handle the loss report

formalities in a written form recognized by the Company.

No matter if the person holding a paddle has been appointed

by the Bidder or not, his or her bidding acts at auction are

considered as having been made by the registered person

himself, and the Bidder shall bear the legal responsibilities

for the acts of the former, unless the Bidder himself has

already submitted a written report to the Company regarding

the loss paddle.

ARTICLE 37 AUCTION DEPOSIT

When a Bidder participates in an auction of the Company,

he/she shall fi rst pay the auction deposit before collecting

the paddle. The amount of the auction deposit will be

announced by the Company before the Auction Date, and the

Company has the right to waive the auction deposit. If the

Bidder fails to buy the Lot and he does not owe the Company

any sum, then that auction deposit shall be returned to the

Bidder in full without interest within 14 working days after

the end of the auction. If the Bidder succeeds in buying a Lot,

the auction deposit shall automatically be converted to the

payment of the Purchase Price of the Lot.

ARTICLE 38 DISCRETION OF THE COMPANY

The Company has the right to forbid anyone from

participating in the auction organized by the Company or

entering the auction site, or taking pictures or shooting

videos at the auction site at its discretion.

ARTICLE 39 HANDLING OF ABNORMAL EVENTS

If any abnormal event occurs at the auction site, the

Company has the right to take emergency actions. If any

dispute arises at the auction site, the Company has right to

mediate and settle it.

ARTICLE 40 CONFIRMATION OF BUYER'S IDENTITY

ﬔ e Bidder must take good care of his/her/its paddle and be

cautious not to lose it. ﬔ e Bidder shall not lend his/her/its

paddle to others, or the Bidder shall assume all legal liability

for others' act of bidding for the Lot using his/her/its paddle.

ARTICLE 41 ABSENTEE BIDS

Bidders shall attend the auction in person. If a Bidder or its

agent cannot attend in person, it can appoint the Company

in writing for the Company to bid on its behalf. ﬔ e Company

has the discretion to accept or not accept the above

appointment. Any Bidder who has appointed the Company

to bid shall handle the appointment formalities within the

period stipulated (no later than three business days), and

produce a completed Absentee Bid Order to the Company,

and at the same time pay the auction deposit according to

the Conditions of Business.

If the Bidder who has appointed the Company to bid needs

to cancel the absentee bid, it shall notify the Company no

later than 24 hours before the Auction Date.

ARTICLE 42 AUCTION RESULTS OF ABSENTEE BID

If a Bidder who has appointed the Company to bid, the

auction results and the related legal responsibilities shall be

borne by the Bidder.

If the Bidder indicates in the Absentee Bid Order that it bids

by instant communication methods such as telephone, it

shall fill in the instant communication method accurately

and keep the instant communication instrument properly,

during the period in which the Company is appointed to bid,

the Bidder shall use that instant communication instrument

itself. Where the instant communication instrument is lost or

it cannot be within control, the Bidder shall immediately use a

written form recognized by the Company to change the instant

communication method filled in the Absentee Bid Order.

During the period the Company is appointed to bid, it shall

make appropriate efforts to contact the Bidder, the bidding

information transmitted by that instant communication

instrument (whether or not it is transmitted by the Bidder

personally or the Bidder's agent) shall be considered as

transmitted by the Bidder itself, and the Bidder shall bear legal

responsibilities for the actions taken by it. Unless the Buyer

itself has changed the instant communication method fi lled in

the Absentee Bid Order by a written method recognized by the

Company. All telephone bids may be recorded and kept at Poly

Auction (Hong Kong)'s sole discretion, by opting for telephone

bids, the Bidder agrees that its phone conversation will be

recorded.

Nevertheless, under no circumstances shall the Company

be responsible for any unsuccessful contact or errors

or omissions in the bidding process using that instant

communication instrument.

ARTICLE 43 DISCLAIMER OF ABSENTEE BID

Since absentee bid is a free service of transmitting

bidding information that the Company provides to the

Bidder, the Company and its employees shall not bear any

responsibilities for unsuccessful bidding or any errors,

omissions, negligence, fault or inability to bid on its behalf

during the bidding process.

ARTICLE 44 FIRST-COME-FIRST-SERVE PRINCIPLE

FOR ABSENTEE BID

If two or more Bidders appointing the Company to bid on their

behalf have bid the same price for the same Lot and eventually

that Lot is sold at that Hammer Price, then the one who fi rst

submitted to the Company shall be the Buyer of that Lot.

ARTICLE 45 DISCRETION OF THE AUCTIONEER

The Auctioneer has the right at his absolute and sole

discretion in the following matters:

1. Refusal or acceptance of any bid;

2. Carrying out the auction in such a manner as he may

decide;

3. Withdrawal of any Lot, dividing it for auction separately,

combining any two or more Lots for auction;

4. If there are errors or disputes, no matter if they occur

during or aft er the auction, he shall have the right to decide

the successful Bidder, whether or not to continue the

auction, to cancel the auction or place the Lot under dispute

for auction again;

5. ﬔ e Auctioneer may open and carry out the bidding at a

level with bidding increments that he considers suitable, and

has the right to bid on behalf of the Seller up to the amount

of the Reserve, either by placing consecutive bids or by

placing bids in response to other Bidders;

6. Adoption of other actions that he considers as appropriate.

ARTICLE 46 NO RESERVE

For those Lots without a Reserve, unless there has already

been bidding, otherwise the Auctioneer, under his own

discretion, may decide the starting price. If there is no

bidding at such a price, the Auctioneer will, at his own

discretion, lower the price and continue the auction until a

Bidder starts to bid, then he will continue the auction at that

price and then continue up from that amount.

ARTICLE 47 IMAGE DISPLAY BOARD AND

CURRENCY CONVERSION BOARD

To facilitate Bidders, the Company may use image projector

or other forms of display boards in the auction. ﬔ e contents

shown are for reference only. It is possible that there are

diff erences in the information such as the amount, reference

number of the Lot, images of the Lot or reference foreign

currency etc. shown in the image projector or other forms

of display boards and the Company shall not bear any

responsibilities for any losses caused by such diff erences.

ARTICLE 48 SUCCESSFUL BID

The fact that the Auctioneer confirms the highest bid of a

Bidder by striking his/her hammer or in any other manner of

publicly confi rming the sale shall indicate the conclusion of a

sales contract for the Lot between the Bidder and the Seller.

ARTICLE 49 COMMISSION AND EXPENSES

After the Bidder has succeeded in bidding, it will become

the Buyer of that Lot. A buyer's premium will be added to

the Hammer Price and is payable by the buyer as part of

the total purchase price. ﬔ e buyer's premium is 20% of the

hammer price of each lot and at the same time other Buyer's

Expenses, and recognizes that the Company can charge the

Seller the commission and other Seller expenses according

to provisions of the Consignment Agreement.

ARTICLE 50 TAXES

All the monies that the Buyer pays to the Company are net

amounts, which shall not include any tax on goods, tax

on services or other value added tax (whether levied by

Hong Kong or other regions). If there is any tax applicable

to the Buyer, the Buyer shall bear it itself according to the

provisions of the relevant laws currently in force.

ARTICLE 51 PAYMENT TIME

After the Lot is successfully sold in an auction, unless

otherwise agreed, regardless of any stipulations of the

export, import or other permits of the Lot, the Buyer shall

fully pay the Purchase Price within 7 days aft er the Sale Date

(including the Sale Date), and collect the Lot. If packing,

moving costs, and insurance expenses, expenses related to

export are involved, the Buyer shall pay them altogether.

ARTICLE 52 PAYMENT CURRENCY

All monies shall be paid in Hong Kong dollars. If the Buyer

pays in another currency other than Hong Kong dollars, it

shall convert it at the exchange rate agreed between the

Buyer and the Company or at the exchange rate of Hong

Kong dollars and that currency type on the previous working

day announced by such bank as selected by the Company.

All bank handling fees, commission and charges incurred by

the Company for converting the foreign currency paid by the

Buyer into Hong Kong dollars shall be borne by the Buyer.

ARTICLE 53 TRANSFER OF OWNERSHIP

ﬔ e ownership shall be passed onto the Buyer only when the

Buyer has fully paid the Purchase Price and all monies that

the Buyer owes the Company.

ARTICLE 54 TRANSFER OF RISKS

Aft er the bidding has succeeded, the risks oft he Lot shall be

borne by the Buyer itself aft er the occurrence of one of the

following events (whichever earlier):

1. ﬔ e Buyer has collected the Lot; or

2. ﬔ e Buyer has fully paid the Purchase Price for the Lot to

the Company; or

3. ﬔ e expiry of seven days aft er the Sale Date (including the

Sale Date).

ARTICLE 55 COLLECTION OF THE LOT

Risk and responsibility for the lot passes to the Buyer at the

expiration of thirty calendar days from the Sale Date (including

the Sale Date). or on collection by the Buyer, if earlier. After

thirty calendar days, all expenses incurred, including but not

limited to storage, moving, insurance will be for the account of

the Buyer. Although the Company shall use reasonable eff orts

to take care of purchased Lot and suggest handlers, packers or

carriers, the company is not responsibleto any person to whom

we have made are commendation for the acts or omissions of

the third party concerned.

ARTICLE 56 PACKING, HANDLING AND MOVING

If the employees of the Company pack and handle the Lot

bought on behalf of the Buyer according to the latter's

requirements, this is considered as a service provided by the

Company to the Buyer and the Company has the discretion

to decide whether to provide this service, if any losses

arise therefrom, the Buyer shall bear them itself. Under no

circumstances shall the Company be responsible for any

damage of the glass or picture frame, box, backing sheet,

frame case, mounting, inserts, rolling rod or similar auxiliary

objects caused by any reasons.

Where the Buyer requests the Company to assist it in

collecting the purchased Lot (the packaging, mailing and

transportation expenses shall be paid by the Buyer) by

means of post, express delivery or transportation, the

Company shall be deemed to have delivered the Lot and the

Buyer shall be deemed to have collected such Lot according

to the normal procedure upon the Company's delivery of the

Lot to the post, express delivery and transportation entities,

companies or their employees/branch offices. The risks

arising from this process shall be borne by the Buyer. Unless

Buyer gives a clear indication and pays insurance premium,

no insurance is provided in the process of mailing, express

delivery or transportation generally.

The Company shall undertake no liability for any error,

omission, damage or destruction caused by the packaging

company and post, express delivery and transportation

entities or companies designated by the Buyer or

recommended by the Company to the Buyer.

ARTICLE 57 IMPORT, EXPORT LICENSES AND

PERMIT

ﬔ e Buyer shall be responsible for obtaining any import and

export licenses, permit for endangered animals or other

aspects related to the Lot. Failure or delay in obtaining

any permits required shall not be deemed as a reason for

cancelling the purchase or delaying in paying the Purchase

Price. The Company shall not bear any responsibilities for

the failure to properly fi ll in or submit the required import or

export documents.

If the Buyer requests the Company to apply for the import

and export licenses on its behalf, the Company has the

right to charge service fees for this service. However, the

Company does not warrant that the import or export license

will be issued. The Company and the Seller has not made

declaration or warranty in respect of whether or not any Lot

is subject to import and export restrictions or any embargo.

ARTICLE 58 REMEDIES FOR NON-PAYMENT

If the Buyer fails to make full payment according to the

provisions of the Conditions of Business or any payment

arrangements agreed with the Company, the Company has

the right to adopt one or more of the following measures:

1. Aft er the Lot is sold, if the Buyer fails to pay the Purchase

Price within 7 days from the Sale Date (including the Sale

Date), the auction deposit paid at the time of bidding

registration shall not be refunded, and it shall at the same

time bear the relevant responsibilities according the

provisions of the Conditions of Business; if the Buyer has

bought a few Lots with the same paddle, aft er the Lots are

sold, if the Buyer has not paid the Purchase Price of any of

the Lots within the time stipulated, then the entire auction

deposit shall not be refunded, and it shall at the same time

bear the relevant responsibilities according the provisions of

the Conditions of Business;

2. If the Buyer fails to pay the Purchase Prices in full to

the Company within 7 days from the Sale Date (including

the Sale Date), the Company has the right to appoint a

third party organization to collect the entire or part of the

Purchase Prices that the Buyer owes;

3. If the Buyer fails to pay the Purchase Price in full within

7 days from the Sale Date (including the Sale Date), the

Company has the right to charge interest at 0.03% per day

on the unpaid portion starting from the 8th day after the

Sale Date until the day on which the Buyer has fully paid the

monies, with the exception that the Buyer has otherwise

agreed with the Company;

4. The Buyer shall bear the risks and expenses of taking

out an insurance policy, moving and storing the Lot in the

Company or other places;

5. To sue the Buyer or apply to Arbitration Agency for

mediation, demand for compensation for all the losses due

to the breach of contract by the Buyer including but not

limited to economic loss, legal expenses, default penalty and

pass due interest caused by the delay in payment or refusal

to make payments by the Buyer;

6. To retain that or any other Lot that the same Buyer has

bought via the Company, and any other properties or rights

to property of the Buyer that the Company holds for any

reasons, all the expenses and/or risks incurred during the

retention period shall be borne by the Buyer. If the Buyer fails

to perform all its duties concerned within the period specifi ed

by the Company, the Company has the right to issue a lien

notice tothe Buyer and dispose of the items under lien if the

Buyer has not yet fully paid all outstanding amounts within

30 days aft er the issue of that notice. if the items under lien

are insuffi cient to off set all the monies payable by the Buyer

to the Company, the Company has the right to claim them;

7. The Company has sole discretion to cancel the sale or

agree that the Consignor can cancel the deal, and reserve

the right to claim all the losses suff ered by the Company due

to the cancellation of that deal;

8. ﬔ e Company can place the Lot for auction again or sell it

by other means according to the provisions of the Conditions

of Business with the consent of the Seller, and the Company

reserves the right to decide the Estimate and Reserve. ﬔ e

original Buyer shall pay the commission and other Buyer's

Expenses and the Seller in the first auction, and it shall

bear all the costs of the second auction or the sale of the

Lotby other means. If the price obtained from the second

auction or the sale of the Lot by other means is lower than

the original auction sum, the original Buyer shall pay the

shortfall;

9. To offset any monies related to the Lot that the Buyer

owes the Company by any sums that the Company owes the

Buyer in any other transactions;

10. ﬔ e Company can decide to use any monies paid by the

Buyer to repay any sums that the Buyer owes the Company

in any other transactions;

11. To reject any bids made by the Buyer or its agent

at future auctions, or to obtain auction deposit before

accepting any bids;

12. To disclose the information of the Buyer to the Seller, so

that the Seller can start a law suit to recover the outstanding

amount, or claim damages and claim legal fees for breach of

contract by the Buyer.

ARTICLE 59 REMEDIES FOR DELAY IN COLLECTING

THE LOT

If the Buyer fails to collect the purchased Lot 7 days aft er the

Sale Date (including the Sale Date), the Company has the

right to adopt one or more of the measures below:

1. All costs (including but not limited to the storage fee

calculated and charged according to the provisions of the

Bidder Registration Order starting from the 31st day from

the Sale Date (including the Sale Date) and/or risks for the

taking out of an insurance policy and/or storing the Lot in the

Company or other places shall be borne by the Buyer. Only

aft er the Buyer has paid the full amount of the Purchase Price,

it can collect the Lot (packing and moving costs, insurance

expenses, expenses related to export shall be at the Buyer's

expense);

2. ﬔ e Buyer shall bear all the risks and expenses incurred

aft er the deadline as stated in the Conditions of Business if it

cannot collect the Lot concerned within that deadline. If the

Buyer has not yet collected the Lot within 30 days from the

Sale Date (including the Sale Date), aft er notifying the Buyer,

the Company has the right to sell that Lot in a public auction

or by a method and with methods and conditions that it

considers suitable. Any proceeds aft er the deduction of all

the losses, expenses (packing & moving costs, insurance

costs, expenses related to export, Storage Fee, and notarial

expenses etc.) incurred by the Company from the disposal

shall be taken back by the Buyer; such balance is noninterest-bearing. If the Buyer fails to take the proceeds back

two years aft er the Sale Date, the balance shall be deposited

to a Hong Kong court by the Company after deducting the

relevant expenses (including legal fees).

ARTICLE 60 LIMITED WARRANTY

1. ﬔ e Company provides general warranty to the Buyer:

If the Lot sold by the Company is later found to be a

counterfeit, the Company will cancel that deal according to

the terms of the Conditions of Business, and will return to

the Buyer in the currency of the original deal the Hammer

Price together with the Buyer's Commission that the Buyer

has paid to the Company for the Lot. In this regard, based on

the reasonable opinion of the Company, counterfeits refer to

frauds in various aspects such as the source, place of origin,

date, production year, duration, culture or sources etc. of

the article, and the correct description of the above points

have not been recorded in the contents of the catalogue

(any special terminologies are taken into consideration). Any

damage and/or any type of restored item and/or repaired

items (including repaintingor painting on top of it) of the Lot

shall not be considered as counterfeit.

Please pay attention that if any of the following situations

happens, this warranty shall not apply; The contents of

the catalogue are based on generally accepted opinion

of academics and specialists on the selling date, or

contradictions in opinions are shown in the contents of the

catalogue; or

On the selling date, the only method of proving the Lot is a

counterfeit is not a method which can be used in general;

which is recognized; which is extremely high price; the

usage of such method is impractical; or this method may

have caused damage to the Lot or may (according to the

reasonable opinion of the Company) have already caused

the Lot to lose value; or

If the Lot has not lost any material value from the description

of the Lot.

2. ﬔ e deadline in this warranty is 5 years fromthe Auction

Date concerned, these benefits are exclusively enjoyed by

the Buyer, and shall not be transferred to any third party.

In order to make claims based on this warranty, the Buyer

shall:-(1) notify the Company in writing within one month

after the receipt of any information which leads the Buyer

to doubt the authenticity or attributes of the Lot, specifying

第214页

the reference number of the Lot, date on which the Lot

is purchased and reasons for which it is considered as

counterfeit; (2) return the Lot to the Company in the same

conditions as it was on the date of sale, and the proper

ownership of it is transferrable, plus there are no claims

from any third party aft er the Sale Date.

3. Regarding Southeastern Asian modern and contemporary

art, Chinese painting and Chinese calligraphy and Chinese

ink painting, although at present the academic sector does

not permit the making of defi nitive statements, the Company

reserves the discretion to cancel those deals of Lots which

are proved to be counterfeit southeastern Asian modern and

contemporary arts, Chinese painting and Chinese calligraphy

and Chinese ink paintings within one year aft er the Auction

Date based on this warranty. Paid sums shall be returned

to the Buyer according to this term, however the Buyer

shall provide evidences (based on the methods provided

forin clause 2 and 4 of this article) to prove that the Lot is

counterfeit within one year from the Auction Date;

4. The Company can, at its discretion, decide to waive

any of the above provisions. The Company has the right

to demand from the Buyer two independent specialist

reports which are recognized by the specialist sector

concerned and which are accepted by the Company and

the Buyer at the expense of the Buyer. ﬔ e Company shall

not be subject to any report presented by the Buyer, and

retains the right to seek additional expert opinion at the

expense of the Company.

5. ﬔ is limited warranty does not apply to auction categories,

such as, jewellery, watches, designer handbags, alcohol, tea

and other food and beverage items, etc.

ARTICLE 61 SPECIAL CATEGORIES

1. Statements about the status of jewellery items in the

auctions are usually set out in the catalogue. However, it

does not imply that the auctioned item has no defects,

fl aws or has not enhanced beautifi cation aft er processing.

(1) Coloured gems (such as rubies, sapphires, emeralds

and various coloured gems) may enhance beautifi cation

after processing or improved in appearance, including

heat-treated, oiling and radiation. ﬔ ese common practises

have been approved by the international jewellery

industries. However, the hardness of the treated stones

may be reduced and / or need special maintenance in the

future.

(2) Our Company will not apply appraisal report from

professional organisations for each piece of jewellery

item in the auction. If an auctioned item has obtained

the appraisal report from an internationally recognised

gem laboratory, the Company will specify it in the

auction catalogue. Due to the difference in methods

and techniques used in diff erent laboratories, there may

be different views as to whether a gemstone has been

treated, degree of treat or permanently treated. Our

Company will not be responsible for the accuracy of the

appraisal report issued by each laboratory.

(3) If bidders would like to request an appraisal report by a

specifi c laboratory, please submit the request at least 14

working days before the auction date. The Company will

apply for appraisal report on behalf of a bidder, and the

corresponding appraisal costs will borne by the bidder.

(4) ﬔ e valuation of an item of jewellery item in the auction

is made based on all information being known at the

time the item being auctioned, bidders should review the

auctioned item or make a detailed understanding of the

auctioned item before the auction. Once a bidder have

placed a bid, it is deemed that the bidder have accepted

all the current status of the auctioned items.

(5) Our Company reminds bidders that precious stones

or emerald originating from Myanmar may be banned in

certain countries.

2. Watches and Timepieces Auctioned items

(1) Our Company has stated that the current status of a

watch and timepieces auctioned items being known on

the auction catalogue, and is for bidder's reference only.

Due to the fact that most timepieces have been repaired

and maintained during the previous period being used, we

do not guarantee that any parts and components of any

watch are original, and it is possible that no pendulum,

clock hammers or keys are for available for sale.

(2) Watches and timepieces generally have a very

sophisticated mechanical manufacture that may require

general warranty service, battery replacement or further

repair works, and these will be all at the buyer's disposal.

Our Company does not guarantee that any auction of

watches is in good working condition. Unless mentioned in

the catalogue, otherwise we do not provide a certifi cate.

(3) Most watches have been opened to check the

movement of the models and their quality, so with a

waterproof case may not contain waterproof function, our

Company recommends that buyers to ask a professional

watch maker to check before use.

CHAPTER IV MISCELLANEOUS

ARTICLE 62 OBTAINING INFORMATION,

VIDEO-TAKING

In connection with the operation of the auction business

of the Company, the Company may make audio recording,

video recording of any auction process, and need to

collect personal information from the Bidder or ask for the

information of the Bidder from third parties (such as asking

for credit review from banks). Such information will be

handled and kept confi dential by the Company. However the

information concerned may be provided to the Company,

its divisions, affi liates and subsidiaries in order to assist the

Company to provide comprehensive services to Bidders,

carry out client analysis, or in order to provide services

that meet the requirements of the Bidder. For the sake of

the interest of the Bidder, the Company may also provide

some personal information of the Bidder to third party

service providers (such as cargo liners or storage houses).

By participating in the auction of the Company, the Bidder

agrees to all previously stated disclosure. If the Bidder would

like to obtain or amend his personal information, please

contact the customer service department.

ARTICLE 63 CONFIDENTIALITY

The Company shall be obligated to keep confidentiality

for the Seller, the Bidder and the Buyer and protect the

legitimate rights of the Seller, the Bidder, the Buyer as well

as the Company according to these Conditions of Business

and the laws of Hong Kong. With below exceptions:

1.To any related parties as the Company considers

appropriate with the obligations to maintain the

confi dentiality of the information extended;

2.To whom information is requested to be disclosed by

any court, jurisdiction, governmental, banking, taxation

or other regulatory authority, or by any applicable law or

regulation;

3.Being agreed by relevant seller, bidder or buyer.

ARTICLE 64 AUTHENTICATION RIGHT

The Company may authenticate the Lot if necessary. In

case of any discrepancy between the authentication

conclusion and the conditions of the Lot in the

consignment auction contract, the Company shall have

the right to request modification or rescission of the

consignment auction contract.

ARTICLE 65 COPYRIGHT

The Seller authorizes the Company to produce photos,

illustrations, catalogue, video products and advertising

materials in other forms of the Lot that it has appointed the

Company to place for auction, the Company is entitled to

the above photos, illustrations, catalogue, video products

and advertising materials in other forms of the Lot, and has

the right to use them. Without prior written consent of the

Company, the Buyer and anyone shall not use them. The

Company and the Seller have not made any statement and

warranty as to whether the Lot is restricted by copyright or if

the Buyer has obtained any copyright of the Lot.

ARTICLE 66 EXEMPTION FROM LIABILITY

Being an agent of the Seller, the Company shall assume

no liability for any breach of contract by the Seller or the

Buyer. In case of the breach of contract by the Seller or

the Buyer, the Company shall have the right to decide to

disclose the other party's name and address to the Seller

or the Buyer at its own discretion so that the damaged

party may receive compensation for damages through legal

proceedings. However, prior to the Company's disclosure

of such materials to the Seller or the Buyer, the Company

shall take the reasonable steps to notify the party whose

materials are to be disclosed.

Buyers and sellers have to bear liabilities arisen from

transactions including but not limited to, economic, legal, tax

and settlement and other related responsibilities, and have to

ensure transactions not relate to money laundering or other

illegal benefi t transfers. Any receive or payment instruction must

be clear and direct, the Company shall assume no liability for

losses arisen from account stolen, misappropriation of funds and

other unforeseen circumstances resulting from mismanagement

of sellers or buyers.

ARTICLE 67 NOTICE

ﬔ e Bidder and the Buyer shall inform the Company their

permanent and effective correspondent address and

contact methods in the bidding registration documents

or by other methods recognized by the Company. If there

are changes, they shall inform the Company in writing

immediately.

The notices mentioned in the Conditions of Business

only refer to written notices sent by letter or fax formats.

A notice shall be deemed as served at the following

moment:

1. If it is served by hand, when it reaches the address of

the party concerned;

2. If it is sent by post, then it is the seventh day aft er it is

posted;

3. If it is sent by fax, then it is the moment the outgoing fax

transmission is confi rmed by the fax machine.

ARTICLE 68 SEVERABILITY

If any terms or parts of the Conditions are confi rmed as

void, illegal or cannot be executed, other terms or parts of

the Conditions are still valid, the parties concerned shall

abid by and execute them.

ARTICLE 69 LAWS AND JURISDICTION

The Conditions of Business and the related matters,

transactions, any disputes caused by or in connection with

the participation in the auction activities of the Company

pursuant to the Conditions of Business shall be subject to

Hong Kong laws and shall be interpreted by Hong Kong laws.

ﬔ e Company and the Buyer and the Bidder shall submit to

the exclusive jurisdiction of Hong Kong courts. Adjudication(s)

promulgated by Hong Kong courts on any disputes arising

from the Conditions of Business and related matters can be

enforced in People's Republic of China.

ARTICLE 70 LANGUAGE

ﬔ e Chinese version of the Conditions of Business shall be the

standard texts; the English version is for reference only.

Should there be any discrepancy between the English version

and Chinese version, the Chinese version shall prevail.

ARTICLE 71 OWNERSHIP OF THE COPYRIGHT OF

THE CONDITIONS

The Conditions of Business is prepared and revised

by the Company, the copyright concerned belongs to

the Company. Without the prior written approval of the

Company, no one shall use any methods or means to use

the Conditions of Business to obtain business benefits,

and shall not make duplication, of any parts of the

Conditions of Business.

ARTICLE 72 APPLICABLE PERIOD

The Conditions of Business is only applicable for this

auction. The Company may update the Conditions of

Business from time to time, when the Bidder and the

Buyer participate in another auction, the then applicable

Conditions of Business shall prevail.

ARTICLE 73 RIGHT OF INTERPRETATION

ﬔ e right of interpretation of these Rules shall belong to

the Company.

š›z§ˆ‰

IMPORTANT NOTICE ABOUT BIDDING REGISTRATION

0„º˜š›z§Oˆæ¡š›Ûz§Ö„£Œ¶

»õÇYA¶_—ɾY\\—ðz§ò+§

I. When you register to bid in an auction, you must fill in

the Bidding Registration Form, with all relevant documents

as follow, and pay a deposit in order to complete the

registration.

=„š›z§OˆŒ¶ ¶_$

1. ºœ$

ޓˆåõÇYA¶_¼æçõÇ

YŠè

舗ŠcOçÓYA¼õÇYA¶_8

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q–‚鼧

2. $E­z§YŠëìYA¶_§

3. Õðœ$Õ𜝈åõÇYA¶_—ÕðœÕ

Ö š›œºè YA¶_—Š¨œºèpÞ

í 3 §Y4Ò͗³£Só‘Ô†

‡ — Ăª¨ÁÄÕ𜧼ºÕÖœ˜š›—

Ê£Sœ †‡§

4. öŠ8¸abœunš›

‹— ð,5ºûŒ¶q–Þ“

 ¦ÁYA§xc‹˜š›öÄ¾ÅY

‘º» ¼Åðz§—UO\\Ýðz§Âç

II. Documents that must be provided when completing the

bidding paddle registration:

1. Individuals: photo identity, i.e. national identity card and/

or passport; proof of current address (if the current address

is not shown on the identity document), i.e. utility bill or bank

statement.

2. Corporate clients: a certificate of incorporation and official

documents listing directors and shareholders.

3. Agents and/or Acting Personnel: photo identity of the

agent and/or acting personnel, copy of identity document

of the person/company that the agent and/or acting

personnel acts on, original copy of signed and/or chopped

authorization letter from the particular person/ company.

Please note that Poly Auction (Hong Kong) Limited does

not accept any payment from any third party and this also

applies to the agent. If you participate in the bidding on

behalf of others, Poly Auction (Hong Kong) only accepts the

payment of the principal.

4. New clients and those clients who have not bidden

successfully from Beijing Poly International Auction Co.,

Ltd., must provide credit proof issued by banks and must

complete the registration at least three business days before

the auction so that there will be enough time to process the

registration.

‘„Ûºãc‹˜š›—ïO8Q

¤«ꁍw|—Y\\

 500,000 §

¼ºD:š›â«á‹¸êŠè

G

êsdJK ‹—Y\\

 1,000,000 §

ð,™OíÖâ«á‹ Y\\

Šè

ò+—²³´µ–‰§¸ºš›Å— 

ð,5ºûŒ¶&½»º…€YA§

ð,ðð&½œ š›z§²³´¹¤&½

3§

III. If this is the first time you bid with Poly Auction (Hong

Kong) Limited, and you are not recommended by a registered

client endorsed by us, the deposit will be HK$500,000. If

you intend to bid on a "Premium Lot"(i.e., a lot marked with

d in the printed catalogue and/or the digital catalogue),

the deposit will be HK$1,000,000, please be aware of the

amount of deposit and/or bidding registration procedure

for "Premium Lot" can be changed at any time at Poly

Auction(Hong Kong)'s sole discretion without prior notice.

In either case, you must deliver to Poly Auction (Hong Kong)

Limited such necessary financial references, guarantees,

deposits and/or such other security as Poly Auction (Hong

Kong) Limited may in its absolute discretion require for

before your bid. Poly Auction (Hong Kong) Limited may refuse

any bidding registration without any explanation at its' sole

discretion.

¹„Y\\€ˆn

¤« 

¦Áeèqe†‡º€ˆÇ+"ÁfŠ¦

Áeèqe§¼º8ç›&½‹—

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\\³%R&§¼ºu

}|—

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Š•‡ ÙªÀÎh

¸Á—Ëñº)(§

IV. All deposits must be paid in HK dollars by telegraphic

transfer, credit card acceptable to Poly Auction (Hong Kong)

Limited and/or Union Pay Card under your name. If you are

not successful in any bid, the deposit (without interest) will

be returned to you by any method as determined by Poly

Auction (Hong Kong ) Limited within 14 days after the end of

the auction. If you successfully bid for any lot(s), Poly Auction

(Hong Kong) Limited may use the deposit to offset any

amount of purchase price of the Lot (s) that bought by you.

Any losses or expenses from foreign currency conversion

involved in the refund will be borne by you.

—„ ûš›œŒ¶…€BÚYA„(„Ž

‡YA—

«ûš›œ

w͚›‹Œ

¶w

§ ÔíVš›œÂ\\G½§

V. Poly Auction (Hong Kong) Limited has the right to demand

the Bidder to provide any proof of financial conditions,

guarantee, proof of bank deposit and/or any other necessary

documents that our company can demand, at its absolute

discretion, and/or asking the Bidder to provide any other

collateral for the Lot(s) that the latter intends to bid. Our

company reserves the right to investigate the sources of

funds of the Bidder.

›„ ð,ðð&½œ š›z§²³´¹¤

&½3§

VI. Please be aware that Poly Auction (Hong Kong) Limited

can refuse any bidding registration without any explanation

at its' sole discretion.

the reference number of the Lot, date on which the Lot

is purchased and reasons for which it is considered as

counterfeit; (2) return the Lot to the Company in the same

conditions as it was on the date of sale, and the proper

ownership of it is transferrable, plus there are no claims

from any third party aft er the Sale Date.

3. Regarding Southeastern Asian modern and contemporary

art, Chinese painting and Chinese calligraphy and Chinese

ink painting, although at present the academic sector does

not permit the making of defi nitive statements, the Company

reserves the discretion to cancel those deals of Lots which

are proved to be counterfeit southeastern Asian modern and

contemporary arts, Chinese painting and Chinese calligraphy

and Chinese ink paintings within one year aft er the Auction

Date based on this warranty. Paid sums shall be returned

to the Buyer according to this term, however the Buyer

shall provide evidences (based on the methods provided

forin clause 2 and 4 of this article) to prove that the Lot is

counterfeit within one year from the Auction Date;

4. The Company can, at its discretion, decide to waive

any of the above provisions. The Company has the right

to demand from the Buyer two independent specialist

reports which are recognized by the specialist sector

concerned and which are accepted by the Company and

the Buyer at the expense of the Buyer. ﬔ e Company shall

not be subject to any report presented by the Buyer, and

retains the right to seek additional expert opinion at the

expense of the Company.

5. ﬔ is limited warranty does not apply to auction categories,

such as, jewellery, watches, designer handbags, alcohol, tea

and other food and beverage items, etc.

ARTICLE 61 SPECIAL CATEGORIES

1. Statements about the status of jewellery items in the

auctions are usually set out in the catalogue. However, it

does not imply that the auctioned item has no defects,

fl aws or has not enhanced beautifi cation aft er processing.

(1) Coloured gems (such as rubies, sapphires, emeralds

and various coloured gems) may enhance beautifi cation

after processing or improved in appearance, including

heat-treated, oiling and radiation. ﬔ ese common practises

have been approved by the international jewellery

industries. However, the hardness of the treated stones

may be reduced and / or need special maintenance in the

future.

(2) Our Company will not apply appraisal report from

professional organisations for each piece of jewellery

item in the auction. If an auctioned item has obtained

the appraisal report from an internationally recognised

gem laboratory, the Company will specify it in the

auction catalogue. Due to the difference in methods

and techniques used in diff erent laboratories, there may

be different views as to whether a gemstone has been

treated, degree of treat or permanently treated. Our

Company will not be responsible for the accuracy of the

appraisal report issued by each laboratory.

(3) If bidders would like to request an appraisal report by a

specifi c laboratory, please submit the request at least 14

working days before the auction date. The Company will

apply for appraisal report on behalf of a bidder, and the

corresponding appraisal costs will borne by the bidder.

(4) ﬔ e valuation of an item of jewellery item in the auction

is made based on all information being known at the

time the item being auctioned, bidders should review the

auctioned item or make a detailed understanding of the

auctioned item before the auction. Once a bidder have

placed a bid, it is deemed that the bidder have accepted

all the current status of the auctioned items.

(5) Our Company reminds bidders that precious stones

or emerald originating from Myanmar may be banned in

certain countries.

2. Watches and Timepieces Auctioned items

(1) Our Company has stated that the current status of a

watch and timepieces auctioned items being known on

the auction catalogue, and is for bidder's reference only.

Due to the fact that most timepieces have been repaired

and maintained during the previous period being used, we

do not guarantee that any parts and components of any

watch are original, and it is possible that no pendulum,

clock hammers or keys are for available for sale.

(2) Watches and timepieces generally have a very

sophisticated mechanical manufacture that may require

general warranty service, battery replacement or further

repair works, and these will be all at the buyer's disposal.

Our Company does not guarantee that any auction of

watches is in good working condition. Unless mentioned in

the catalogue, otherwise we do not provide a certifi cate.

(3) Most watches have been opened to check the

movement of the models and their quality, so with a

waterproof case may not contain waterproof function, our

Company recommends that buyers to ask a professional

watch maker to check before use.

CHAPTER IV MISCELLANEOUS

ARTICLE 62 OBTAINING INFORMATION,

VIDEO-TAKING

In connection with the operation of the auction business

of the Company, the Company may make audio recording,

video recording of any auction process, and need to

collect personal information from the Bidder or ask for the

information of the Bidder from third parties (such as asking

for credit review from banks). Such information will be

handled and kept confi dential by the Company. However the

information concerned may be provided to the Company,

its divisions, affi liates and subsidiaries in order to assist the

Company to provide comprehensive services to Bidders,

carry out client analysis, or in order to provide services

that meet the requirements of the Bidder. For the sake of

the interest of the Bidder, the Company may also provide

some personal information of the Bidder to third party

service providers (such as cargo liners or storage houses).

By participating in the auction of the Company, the Bidder

agrees to all previously stated disclosure. If the Bidder would

like to obtain or amend his personal information, please

contact the customer service department.

ARTICLE 63 CONFIDENTIALITY

The Company shall be obligated to keep confidentiality

for the Seller, the Bidder and the Buyer and protect the

legitimate rights of the Seller, the Bidder, the Buyer as well

as the Company according to these Conditions of Business

and the laws of Hong Kong. With below exceptions:

1.To any related parties as the Company considers

appropriate with the obligations to maintain the

confi dentiality of the information extended;

2.To whom information is requested to be disclosed by

any court, jurisdiction, governmental, banking, taxation

or other regulatory authority, or by any applicable law or

regulation;

3.Being agreed by relevant seller, bidder or buyer.

ARTICLE 64 AUTHENTICATION RIGHT

The Company may authenticate the Lot if necessary. In

case of any discrepancy between the authentication

conclusion and the conditions of the Lot in the

consignment auction contract, the Company shall have

the right to request modification or rescission of the

consignment auction contract.

ARTICLE 65 COPYRIGHT

The Seller authorizes the Company to produce photos,

illustrations, catalogue, video products and advertising

materials in other forms of the Lot that it has appointed the

Company to place for auction, the Company is entitled to

the above photos, illustrations, catalogue, video products

and advertising materials in other forms of the Lot, and has

the right to use them. Without prior written consent of the

Company, the Buyer and anyone shall not use them. The

Company and the Seller have not made any statement and

warranty as to whether the Lot is restricted by copyright or if

the Buyer has obtained any copyright of the Lot.

ARTICLE 66 EXEMPTION FROM LIABILITY

Being an agent of the Seller, the Company shall assume

no liability for any breach of contract by the Seller or the

Buyer. In case of the breach of contract by the Seller or

the Buyer, the Company shall have the right to decide to

disclose the other party's name and address to the Seller

or the Buyer at its own discretion so that the damaged

party may receive compensation for damages through legal

proceedings. However, prior to the Company's disclosure

of such materials to the Seller or the Buyer, the Company

shall take the reasonable steps to notify the party whose

materials are to be disclosed.

Buyers and sellers have to bear liabilities arisen from

transactions including but not limited to, economic, legal, tax

and settlement and other related responsibilities, and have to

ensure transactions not relate to money laundering or other

illegal benefi t transfers. Any receive or payment instruction must

be clear and direct, the Company shall assume no liability for

losses arisen from account stolen, misappropriation of funds and

other unforeseen circumstances resulting from mismanagement

of sellers or buyers.

ARTICLE 67 NOTICE

ﬔ e Bidder and the Buyer shall inform the Company their

permanent and effective correspondent address and

contact methods in the bidding registration documents

or by other methods recognized by the Company. If there

are changes, they shall inform the Company in writing

immediately.

The notices mentioned in the Conditions of Business

only refer to written notices sent by letter or fax formats.

A notice shall be deemed as served at the following

moment:

1. If it is served by hand, when it reaches the address of

the party concerned;

2. If it is sent by post, then it is the seventh day aft er it is

posted;

3. If it is sent by fax, then it is the moment the outgoing fax

transmission is confi rmed by the fax machine.

ARTICLE 68 SEVERABILITY

If any terms or parts of the Conditions are confi rmed as

void, illegal or cannot be executed, other terms or parts of

the Conditions are still valid, the parties concerned shall

abid by and execute them.

ARTICLE 69 LAWS AND JURISDICTION

The Conditions of Business and the related matters,

transactions, any disputes caused by or in connection with

the participation in the auction activities of the Company

pursuant to the Conditions of Business shall be subject to

Hong Kong laws and shall be interpreted by Hong Kong laws.

ﬔ e Company and the Buyer and the Bidder shall submit to

the exclusive jurisdiction of Hong Kong courts. Adjudication(s)

promulgated by Hong Kong courts on any disputes arising

from the Conditions of Business and related matters can be

enforced in People's Republic of China.

ARTICLE 70 LANGUAGE

ﬔ e Chinese version of the Conditions of Business shall be the

standard texts; the English version is for reference only.

Should there be any discrepancy between the English version

and Chinese version, the Chinese version shall prevail.

ARTICLE 71 OWNERSHIP OF THE COPYRIGHT OF

THE CONDITIONS

The Conditions of Business is prepared and revised

by the Company, the copyright concerned belongs to

the Company. Without the prior written approval of the

Company, no one shall use any methods or means to use

the Conditions of Business to obtain business benefits,

and shall not make duplication, of any parts of the

Conditions of Business.

ARTICLE 72 APPLICABLE PERIOD

The Conditions of Business is only applicable for this

auction. The Company may update the Conditions of

Business from time to time, when the Bidder and the

Buyer participate in another auction, the then applicable

Conditions of Business shall prevail.

ARTICLE 73 RIGHT OF INTERPRETATION

ﬔ e right of interpretation of these Rules shall belong to

the Company.

š›z§ˆ‰

IMPORTANT NOTICE ABOUT BIDDING REGISTRATION

0„º˜š›z§Oˆæ¡š›Ûz§Ö„£Œ¶

»õÇYA¶_—ɾY\\—ðz§ò+§

I. When you register to bid in an auction, you must fill in

the Bidding Registration Form, with all relevant documents

as follow, and pay a deposit in order to complete the

registration.

=„š›z§OˆŒ¶ ¶_$

1. ºœ$

ޓˆåõÇYA¶_¼æçõÇ

YŠè

舗ŠcOçÓYA¼õÇYA¶_8

#C—¼Á¦­è¼Šè

q–‚鼧

2. $E­z§YŠëìYA¶_§

3. Õðœ$Õ𜝈åõÇYA¶_—ÕðœÕ

Ö š›œºè YA¶_—Š¨œºèpÞ

í 3 §Y4Ò͗³£Só‘Ô†

‡ — Ăª¨ÁÄÕ𜧼ºÕÖœ˜š›—

Ê£Sœ †‡§

4. öŠ8¸abœunš›

‹— ð,5ºûŒ¶q–Þ“

 ¦ÁYA§xc‹˜š›öÄ¾ÅY

‘º» ¼Åðz§—UO\\Ýðz§Âç

II. Documents that must be provided when completing the

bidding paddle registration:

1. Individuals: photo identity, i.e. national identity card and/

or passport; proof of current address (if the current address

is not shown on the identity document), i.e. utility bill or bank

statement.

2. Corporate clients: a certificate of incorporation and official

documents listing directors and shareholders.

3. Agents and/or Acting Personnel: photo identity of the

agent and/or acting personnel, copy of identity document

of the person/company that the agent and/or acting

personnel acts on, original copy of signed and/or chopped

authorization letter from the particular person/ company.

Please note that Poly Auction (Hong Kong) Limited does

not accept any payment from any third party and this also

applies to the agent. If you participate in the bidding on

behalf of others, Poly Auction (Hong Kong) only accepts the

payment of the principal.

4. New clients and those clients who have not bidden

successfully from Beijing Poly International Auction Co.,

Ltd., must provide credit proof issued by banks and must

complete the registration at least three business days before

the auction so that there will be enough time to process the

registration.

‘„Ûºãc‹˜š›—ïO8Q

¤«ꁍw|—Y\\

 500,000 §

¼ºD:š›â«á‹¸êŠè

G

êsdJK ‹—Y\\

 1,000,000 §

ð,™OíÖâ«á‹ Y\\

Šè

ò+—²³´µ–‰§¸ºš›Å— 

ð,5ºûŒ¶&½»º…€YA§

ð,ðð&½œ š›z§²³´¹¤&½

3§

III. If this is the first time you bid with Poly Auction (Hong

Kong) Limited, and you are not recommended by a registered

client endorsed by us, the deposit will be HK$500,000. If

you intend to bid on a "Premium Lot"(i.e., a lot marked with

d in the printed catalogue and/or the digital catalogue),

the deposit will be HK$1,000,000, please be aware of the

amount of deposit and/or bidding registration procedure

for "Premium Lot" can be changed at any time at Poly

Auction(Hong Kong)'s sole discretion without prior notice.

In either case, you must deliver to Poly Auction (Hong Kong)

Limited such necessary financial references, guarantees,

deposits and/or such other security as Poly Auction (Hong

Kong) Limited may in its absolute discretion require for

before your bid. Poly Auction (Hong Kong) Limited may refuse

any bidding registration without any explanation at its' sole

discretion.

¹„Y\\€ˆn

¤« 

¦Áeèqe†‡º€ˆÇ+"ÁfŠ¦

Áeèqe§¼º8ç›&½‹—

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}|—

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¸Á—Ëñº)(§

IV. All deposits must be paid in HK dollars by telegraphic

transfer, credit card acceptable to Poly Auction (Hong Kong)

Limited and/or Union Pay Card under your name. If you are

not successful in any bid, the deposit (without interest) will

be returned to you by any method as determined by Poly

Auction (Hong Kong ) Limited within 14 days after the end of

the auction. If you successfully bid for any lot(s), Poly Auction

(Hong Kong) Limited may use the deposit to offset any

amount of purchase price of the Lot (s) that bought by you.

Any losses or expenses from foreign currency conversion

involved in the refund will be borne by you.

—„ ûš›œŒ¶…€BÚYA„(„Ž

‡YA—

«ûš›œ

w͚›‹Œ

¶w

§ ÔíVš›œÂ\\G½§

V. Poly Auction (Hong Kong) Limited has the right to demand

the Bidder to provide any proof of financial conditions,

guarantee, proof of bank deposit and/or any other necessary

documents that our company can demand, at its absolute

discretion, and/or asking the Bidder to provide any other

collateral for the Lot(s) that the latter intends to bid. Our

company reserves the right to investigate the sources of

funds of the Bidder.

›„ ð,ðð&½œ š›z§²³´¹¤

&½3§

VI. Please be aware that Poly Auction (Hong Kong) Limited

can refuse any bidding registration without any explanation

at its' sole discretion.

第215页

the reference number of the Lot, date on which the Lot

is purchased and reasons for which it is considered as

counterfeit; (2) return the Lot to the Company in the same

conditions as it was on the date of sale, and the proper

ownership of it is transferrable, plus there are no claims

from any third party aft er the Sale Date.

3. Regarding Southeastern Asian modern and contemporary

art, Chinese painting and Chinese calligraphy and Chinese

ink painting, although at present the academic sector does

not permit the making of defi nitive statements, the Company

reserves the discretion to cancel those deals of Lots which

are proved to be counterfeit southeastern Asian modern and

contemporary arts, Chinese painting and Chinese calligraphy

and Chinese ink paintings within one year aft er the Auction

Date based on this warranty. Paid sums shall be returned

to the Buyer according to this term, however the Buyer

shall provide evidences (based on the methods provided

forin clause 2 and 4 of this article) to prove that the Lot is

counterfeit within one year from the Auction Date;

4. The Company can, at its discretion, decide to waive

any of the above provisions. The Company has the right

to demand from the Buyer two independent specialist

reports which are recognized by the specialist sector

concerned and which are accepted by the Company and

the Buyer at the expense of the Buyer. ﬔ e Company shall

not be subject to any report presented by the Buyer, and

retains the right to seek additional expert opinion at the

expense of the Company.

5. ﬔ is limited warranty does not apply to auction categories,

such as, jewellery, watches, designer handbags, alcohol, tea

and other food and beverage items, etc.

ARTICLE 61 SPECIAL CATEGORIES

1. Statements about the status of jewellery items in the

auctions are usually set out in the catalogue. However, it

does not imply that the auctioned item has no defects,

fl aws or has not enhanced beautifi cation aft er processing.

(1) Coloured gems (such as rubies, sapphires, emeralds

and various coloured gems) may enhance beautifi cation

after processing or improved in appearance, including

heat-treated, oiling and radiation. ﬔ ese common practises

have been approved by the international jewellery

industries. However, the hardness of the treated stones

may be reduced and / or need special maintenance in the

future.

(2) Our Company will not apply appraisal report from

professional organisations for each piece of jewellery

item in the auction. If an auctioned item has obtained

the appraisal report from an internationally recognised

gem laboratory, the Company will specify it in the

auction catalogue. Due to the difference in methods

and techniques used in diff erent laboratories, there may

be different views as to whether a gemstone has been

treated, degree of treat or permanently treated. Our

Company will not be responsible for the accuracy of the

appraisal report issued by each laboratory.

(3) If bidders would like to request an appraisal report by a

specifi c laboratory, please submit the request at least 14

working days before the auction date. The Company will

apply for appraisal report on behalf of a bidder, and the

corresponding appraisal costs will borne by the bidder.

(4) ﬔ e valuation of an item of jewellery item in the auction

is made based on all information being known at the

time the item being auctioned, bidders should review the

auctioned item or make a detailed understanding of the

auctioned item before the auction. Once a bidder have

placed a bid, it is deemed that the bidder have accepted

all the current status of the auctioned items.

(5) Our Company reminds bidders that precious stones

or emerald originating from Myanmar may be banned in

certain countries.

2. Watches and Timepieces Auctioned items

(1) Our Company has stated that the current status of a

watch and timepieces auctioned items being known on

the auction catalogue, and is for bidder's reference only.

Due to the fact that most timepieces have been repaired

and maintained during the previous period being used, we

do not guarantee that any parts and components of any

watch are original, and it is possible that no pendulum,

clock hammers or keys are for available for sale.

(2) Watches and timepieces generally have a very

sophisticated mechanical manufacture that may require

general warranty service, battery replacement or further

repair works, and these will be all at the buyer's disposal.

Our Company does not guarantee that any auction of

watches is in good working condition. Unless mentioned in

the catalogue, otherwise we do not provide a certifi cate.

(3) Most watches have been opened to check the

movement of the models and their quality, so with a

waterproof case may not contain waterproof function, our

Company recommends that buyers to ask a professional

watch maker to check before use.

CHAPTER IV MISCELLANEOUS

ARTICLE 62 OBTAINING INFORMATION,

VIDEO-TAKING

In connection with the operation of the auction business

of the Company, the Company may make audio recording,

video recording of any auction process, and need to

collect personal information from the Bidder or ask for the

information of the Bidder from third parties (such as asking

for credit review from banks). Such information will be

handled and kept confi dential by the Company. However the

information concerned may be provided to the Company,

its divisions, affi liates and subsidiaries in order to assist the

Company to provide comprehensive services to Bidders,

carry out client analysis, or in order to provide services

that meet the requirements of the Bidder. For the sake of

the interest of the Bidder, the Company may also provide

some personal information of the Bidder to third party

service providers (such as cargo liners or storage houses).

By participating in the auction of the Company, the Bidder

agrees to all previously stated disclosure. If the Bidder would

like to obtain or amend his personal information, please

contact the customer service department.

ARTICLE 63 CONFIDENTIALITY

The Company shall be obligated to keep confidentiality

for the Seller, the Bidder and the Buyer and protect the

legitimate rights of the Seller, the Bidder, the Buyer as well

as the Company according to these Conditions of Business

and the laws of Hong Kong. With below exceptions:

1.To any related parties as the Company considers

appropriate with the obligations to maintain the

confi dentiality of the information extended;

2.To whom information is requested to be disclosed by

any court, jurisdiction, governmental, banking, taxation

or other regulatory authority, or by any applicable law or

regulation;

3.Being agreed by relevant seller, bidder or buyer.

ARTICLE 64 AUTHENTICATION RIGHT

The Company may authenticate the Lot if necessary. In

case of any discrepancy between the authentication

conclusion and the conditions of the Lot in the

consignment auction contract, the Company shall have

the right to request modification or rescission of the

consignment auction contract.

ARTICLE 65 COPYRIGHT

The Seller authorizes the Company to produce photos,

illustrations, catalogue, video products and advertising

materials in other forms of the Lot that it has appointed the

Company to place for auction, the Company is entitled to

the above photos, illustrations, catalogue, video products

and advertising materials in other forms of the Lot, and has

the right to use them. Without prior written consent of the

Company, the Buyer and anyone shall not use them. The

Company and the Seller have not made any statement and

warranty as to whether the Lot is restricted by copyright or if

the Buyer has obtained any copyright of the Lot.

ARTICLE 66 EXEMPTION FROM LIABILITY

Being an agent of the Seller, the Company shall assume

no liability for any breach of contract by the Seller or the

Buyer. In case of the breach of contract by the Seller or

the Buyer, the Company shall have the right to decide to

disclose the other party's name and address to the Seller

or the Buyer at its own discretion so that the damaged

party may receive compensation for damages through legal

proceedings. However, prior to the Company's disclosure

of such materials to the Seller or the Buyer, the Company

shall take the reasonable steps to notify the party whose

materials are to be disclosed.

Buyers and sellers have to bear liabilities arisen from

transactions including but not limited to, economic, legal, tax

and settlement and other related responsibilities, and have to

ensure transactions not relate to money laundering or other

illegal benefi t transfers. Any receive or payment instruction must

be clear and direct, the Company shall assume no liability for

losses arisen from account stolen, misappropriation of funds and

other unforeseen circumstances resulting from mismanagement

of sellers or buyers.

ARTICLE 67 NOTICE

ﬔ e Bidder and the Buyer shall inform the Company their

permanent and effective correspondent address and

contact methods in the bidding registration documents

or by other methods recognized by the Company. If there

are changes, they shall inform the Company in writing

immediately.

The notices mentioned in the Conditions of Business

only refer to written notices sent by letter or fax formats.

A notice shall be deemed as served at the following

moment:

1. If it is served by hand, when it reaches the address of

the party concerned;

2. If it is sent by post, then it is the seventh day aft er it is

posted;

3. If it is sent by fax, then it is the moment the outgoing fax

transmission is confi rmed by the fax machine.

ARTICLE 68 SEVERABILITY

If any terms or parts of the Conditions are confi rmed as

void, illegal or cannot be executed, other terms or parts of

the Conditions are still valid, the parties concerned shall

abid by and execute them.

ARTICLE 69 LAWS AND JURISDICTION

The Conditions of Business and the related matters,

transactions, any disputes caused by or in connection with

the participation in the auction activities of the Company

pursuant to the Conditions of Business shall be subject to

Hong Kong laws and shall be interpreted by Hong Kong laws.

ﬔ e Company and the Buyer and the Bidder shall submit to

the exclusive jurisdiction of Hong Kong courts. Adjudication(s)

promulgated by Hong Kong courts on any disputes arising

from the Conditions of Business and related matters can be

enforced in People's Republic of China.

ARTICLE 70 LANGUAGE

ﬔ e Chinese version of the Conditions of Business shall be the

standard texts; the English version is for reference only.

Should there be any discrepancy between the English version

and Chinese version, the Chinese version shall prevail.

ARTICLE 71 OWNERSHIP OF THE COPYRIGHT OF

THE CONDITIONS

The Conditions of Business is prepared and revised

by the Company, the copyright concerned belongs to

the Company. Without the prior written approval of the

Company, no one shall use any methods or means to use

the Conditions of Business to obtain business benefits,

and shall not make duplication, of any parts of the

Conditions of Business.

ARTICLE 72 APPLICABLE PERIOD

The Conditions of Business is only applicable for this

auction. The Company may update the Conditions of

Business from time to time, when the Bidder and the

Buyer participate in another auction, the then applicable

Conditions of Business shall prevail.

ARTICLE 73 RIGHT OF INTERPRETATION

ﬔ e right of interpretation of these Rules shall belong to

the Company.

š›z§ˆ‰

IMPORTANT NOTICE ABOUT BIDDING REGISTRATION

0„º˜š›z§Oˆæ¡š›Ûz§Ö„£Œ¶

»õÇYA¶_—ɾY\\—ðz§ò+§

I. When you register to bid in an auction, you must fill in

the Bidding Registration Form, with all relevant documents

as follow, and pay a deposit in order to complete the

registration.

=„š›z§OˆŒ¶ ¶_$

1. ºœ$

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2. $E­z§YŠëìYA¶_§

3. Õðœ$Õ𜝈åõÇYA¶_—ÕðœÕ

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4. öŠ8¸abœunš›

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‘º» ¼Åðz§—UO\\Ýðz§Âç

II. Documents that must be provided when completing the

bidding paddle registration:

1. Individuals: photo identity, i.e. national identity card and/

or passport; proof of current address (if the current address

is not shown on the identity document), i.e. utility bill or bank

statement.

2. Corporate clients: a certificate of incorporation and official

documents listing directors and shareholders.

3. Agents and/or Acting Personnel: photo identity of the

agent and/or acting personnel, copy of identity document

of the person/company that the agent and/or acting

personnel acts on, original copy of signed and/or chopped

authorization letter from the particular person/ company.

Please note that Poly Auction (Hong Kong) Limited does

not accept any payment from any third party and this also

applies to the agent. If you participate in the bidding on

behalf of others, Poly Auction (Hong Kong) only accepts the

payment of the principal.

4. New clients and those clients who have not bidden

successfully from Beijing Poly International Auction Co.,

Ltd., must provide credit proof issued by banks and must

complete the registration at least three business days before

the auction so that there will be enough time to process the

registration.

‘„Ûºãc‹˜š›—ïO8Q

¤«ꁍw|—Y\\

 500,000 §

¼ºD:š›â«á‹¸êŠè

G

êsdJK ‹—Y\\

 1,000,000 §

ð,™OíÖâ«á‹ Y\\

Šè

ò+—²³´µ–‰§¸ºš›Å— 

ð,5ºûŒ¶&½»º…€YA§

ð,ðð&½œ š›z§²³´¹¤&½

3§

III. If this is the first time you bid with Poly Auction (Hong

Kong) Limited, and you are not recommended by a registered

client endorsed by us, the deposit will be HK$500,000. If

you intend to bid on a "Premium Lot"(i.e., a lot marked with

d in the printed catalogue and/or the digital catalogue),

the deposit will be HK$1,000,000, please be aware of the

amount of deposit and/or bidding registration procedure

for "Premium Lot" can be changed at any time at Poly

Auction(Hong Kong)'s sole discretion without prior notice.

In either case, you must deliver to Poly Auction (Hong Kong)

Limited such necessary financial references, guarantees,

deposits and/or such other security as Poly Auction (Hong

Kong) Limited may in its absolute discretion require for

before your bid. Poly Auction (Hong Kong) Limited may refuse

any bidding registration without any explanation at its' sole

discretion.

¹„Y\\€ˆn

¤« 

¦Áeèqe†‡º€ˆÇ+"ÁfŠ¦

Áeèqe§¼º8ç›&½‹—

Ë"M¸éØ <¹º» €ê•²ºP†Y

\\³%R&§¼ºu

}|—

˨Y\\ 

{†‹Ê}ᇇS§&½“

Š•‡ ÙªÀÎh

¸Á—Ëñº)(§

IV. All deposits must be paid in HK dollars by telegraphic

transfer, credit card acceptable to Poly Auction (Hong Kong)

Limited and/or Union Pay Card under your name. If you are

not successful in any bid, the deposit (without interest) will

be returned to you by any method as determined by Poly

Auction (Hong Kong ) Limited within 14 days after the end of

the auction. If you successfully bid for any lot(s), Poly Auction

(Hong Kong) Limited may use the deposit to offset any

amount of purchase price of the Lot (s) that bought by you.

Any losses or expenses from foreign currency conversion

involved in the refund will be borne by you.

—„ ûš›œŒ¶…€BÚYA„(„Ž

‡YA—

«ûš›œ

w͚›‹Œ

¶w

§ ÔíVš›œÂ\\G½§

V. Poly Auction (Hong Kong) Limited has the right to demand

the Bidder to provide any proof of financial conditions,

guarantee, proof of bank deposit and/or any other necessary

documents that our company can demand, at its absolute

discretion, and/or asking the Bidder to provide any other

collateral for the Lot(s) that the latter intends to bid. Our

company reserves the right to investigate the sources of

funds of the Bidder.

›„ ð,ðð&½œ š›z§²³´¹¤

&½3§

VI. Please be aware that Poly Auction (Hong Kong) Limited

can refuse any bidding registration without any explanation

at its' sole discretion.

the reference number of the Lot, date on which the Lot

is purchased and reasons for which it is considered as

counterfeit; (2) return the Lot to the Company in the same

conditions as it was on the date of sale, and the proper

ownership of it is transferrable, plus there are no claims

from any third party aft er the Sale Date.

3. Regarding Southeastern Asian modern and contemporary

art, Chinese painting and Chinese calligraphy and Chinese

ink painting, although at present the academic sector does

not permit the making of defi nitive statements, the Company

reserves the discretion to cancel those deals of Lots which

are proved to be counterfeit southeastern Asian modern and

contemporary arts, Chinese painting and Chinese calligraphy

and Chinese ink paintings within one year aft er the Auction

Date based on this warranty. Paid sums shall be returned

to the Buyer according to this term, however the Buyer

shall provide evidences (based on the methods provided

forin clause 2 and 4 of this article) to prove that the Lot is

counterfeit within one year from the Auction Date;

4. The Company can, at its discretion, decide to waive

any of the above provisions. The Company has the right

to demand from the Buyer two independent specialist

reports which are recognized by the specialist sector

concerned and which are accepted by the Company and

the Buyer at the expense of the Buyer. ﬔ e Company shall

not be subject to any report presented by the Buyer, and

retains the right to seek additional expert opinion at the

expense of the Company.

5. ﬔ is limited warranty does not apply to auction categories,

such as, jewellery, watches, designer handbags, alcohol, tea

and other food and beverage items, etc.

ARTICLE 61 SPECIAL CATEGORIES

1. Statements about the status of jewellery items in the

auctions are usually set out in the catalogue. However, it

does not imply that the auctioned item has no defects,

fl aws or has not enhanced beautifi cation aft er processing.

(1) Coloured gems (such as rubies, sapphires, emeralds

and various coloured gems) may enhance beautifi cation

after processing or improved in appearance, including

heat-treated, oiling and radiation. ﬔ ese common practises

have been approved by the international jewellery

industries. However, the hardness of the treated stones

may be reduced and / or need special maintenance in the

future.

(2) Our Company will not apply appraisal report from

professional organisations for each piece of jewellery

item in the auction. If an auctioned item has obtained

the appraisal report from an internationally recognised

gem laboratory, the Company will specify it in the

auction catalogue. Due to the difference in methods

and techniques used in diff erent laboratories, there may

be different views as to whether a gemstone has been

treated, degree of treat or permanently treated. Our

Company will not be responsible for the accuracy of the

appraisal report issued by each laboratory.

(3) If bidders would like to request an appraisal report by a

specifi c laboratory, please submit the request at least 14

working days before the auction date. The Company will

apply for appraisal report on behalf of a bidder, and the

corresponding appraisal costs will borne by the bidder.

(4) ﬔ e valuation of an item of jewellery item in the auction

is made based on all information being known at the

time the item being auctioned, bidders should review the

auctioned item or make a detailed understanding of the

auctioned item before the auction. Once a bidder have

placed a bid, it is deemed that the bidder have accepted

all the current status of the auctioned items.

(5) Our Company reminds bidders that precious stones

or emerald originating from Myanmar may be banned in

certain countries.

2. Watches and Timepieces Auctioned items

(1) Our Company has stated that the current status of a

watch and timepieces auctioned items being known on

the auction catalogue, and is for bidder's reference only.

Due to the fact that most timepieces have been repaired

and maintained during the previous period being used, we

do not guarantee that any parts and components of any

watch are original, and it is possible that no pendulum,

clock hammers or keys are for available for sale.

(2) Watches and timepieces generally have a very

sophisticated mechanical manufacture that may require

general warranty service, battery replacement or further

repair works, and these will be all at the buyer's disposal.

Our Company does not guarantee that any auction of

watches is in good working condition. Unless mentioned in

the catalogue, otherwise we do not provide a certifi cate.

(3) Most watches have been opened to check the

movement of the models and their quality, so with a

waterproof case may not contain waterproof function, our

Company recommends that buyers to ask a professional

watch maker to check before use.

CHAPTER IV MISCELLANEOUS

ARTICLE 62 OBTAINING INFORMATION,

VIDEO-TAKING

In connection with the operation of the auction business

of the Company, the Company may make audio recording,

video recording of any auction process, and need to

collect personal information from the Bidder or ask for the

information of the Bidder from third parties (such as asking

for credit review from banks). Such information will be

handled and kept confi dential by the Company. However the

information concerned may be provided to the Company,

its divisions, affi liates and subsidiaries in order to assist the

Company to provide comprehensive services to Bidders,

carry out client analysis, or in order to provide services

that meet the requirements of the Bidder. For the sake of

the interest of the Bidder, the Company may also provide

some personal information of the Bidder to third party

service providers (such as cargo liners or storage houses).

By participating in the auction of the Company, the Bidder

agrees to all previously stated disclosure. If the Bidder would

like to obtain or amend his personal information, please

contact the customer service department.

ARTICLE 63 CONFIDENTIALITY

The Company shall be obligated to keep confidentiality

for the Seller, the Bidder and the Buyer and protect the

legitimate rights of the Seller, the Bidder, the Buyer as well

as the Company according to these Conditions of Business

and the laws of Hong Kong. With below exceptions:

1.To any related parties as the Company considers

appropriate with the obligations to maintain the

confi dentiality of the information extended;

2.To whom information is requested to be disclosed by

any court, jurisdiction, governmental, banking, taxation

or other regulatory authority, or by any applicable law or

regulation;

3.Being agreed by relevant seller, bidder or buyer.

ARTICLE 64 AUTHENTICATION RIGHT

The Company may authenticate the Lot if necessary. In

case of any discrepancy between the authentication

conclusion and the conditions of the Lot in the

consignment auction contract, the Company shall have

the right to request modification or rescission of the

consignment auction contract.

ARTICLE 65 COPYRIGHT

The Seller authorizes the Company to produce photos,

illustrations, catalogue, video products and advertising

materials in other forms of the Lot that it has appointed the

Company to place for auction, the Company is entitled to

the above photos, illustrations, catalogue, video products

and advertising materials in other forms of the Lot, and has

the right to use them. Without prior written consent of the

Company, the Buyer and anyone shall not use them. The

Company and the Seller have not made any statement and

warranty as to whether the Lot is restricted by copyright or if

the Buyer has obtained any copyright of the Lot.

ARTICLE 66 EXEMPTION FROM LIABILITY

Being an agent of the Seller, the Company shall assume

no liability for any breach of contract by the Seller or the

Buyer. In case of the breach of contract by the Seller or

the Buyer, the Company shall have the right to decide to

disclose the other party's name and address to the Seller

or the Buyer at its own discretion so that the damaged

party may receive compensation for damages through legal

proceedings. However, prior to the Company's disclosure

of such materials to the Seller or the Buyer, the Company

shall take the reasonable steps to notify the party whose

materials are to be disclosed.

Buyers and sellers have to bear liabilities arisen from

transactions including but not limited to, economic, legal, tax

and settlement and other related responsibilities, and have to

ensure transactions not relate to money laundering or other

illegal benefi t transfers. Any receive or payment instruction must

be clear and direct, the Company shall assume no liability for

losses arisen from account stolen, misappropriation of funds and

other unforeseen circumstances resulting from mismanagement

of sellers or buyers.

ARTICLE 67 NOTICE

ﬔ e Bidder and the Buyer shall inform the Company their

permanent and effective correspondent address and

contact methods in the bidding registration documents

or by other methods recognized by the Company. If there

are changes, they shall inform the Company in writing

immediately.

The notices mentioned in the Conditions of Business

only refer to written notices sent by letter or fax formats.

A notice shall be deemed as served at the following

moment:

1. If it is served by hand, when it reaches the address of

the party concerned;

2. If it is sent by post, then it is the seventh day aft er it is

posted;

3. If it is sent by fax, then it is the moment the outgoing fax

transmission is confi rmed by the fax machine.

ARTICLE 68 SEVERABILITY

If any terms or parts of the Conditions are confi rmed as

void, illegal or cannot be executed, other terms or parts of

the Conditions are still valid, the parties concerned shall

abid by and execute them.

ARTICLE 69 LAWS AND JURISDICTION

The Conditions of Business and the related matters,

transactions, any disputes caused by or in connection with

the participation in the auction activities of the Company

pursuant to the Conditions of Business shall be subject to

Hong Kong laws and shall be interpreted by Hong Kong laws.

ﬔ e Company and the Buyer and the Bidder shall submit to

the exclusive jurisdiction of Hong Kong courts. Adjudication(s)

promulgated by Hong Kong courts on any disputes arising

from the Conditions of Business and related matters can be

enforced in People's Republic of China.

ARTICLE 70 LANGUAGE

ﬔ e Chinese version of the Conditions of Business shall be the

standard texts; the English version is for reference only.

Should there be any discrepancy between the English version

and Chinese version, the Chinese version shall prevail.

ARTICLE 71 OWNERSHIP OF THE COPYRIGHT OF

THE CONDITIONS

The Conditions of Business is prepared and revised

by the Company, the copyright concerned belongs to

the Company. Without the prior written approval of the

Company, no one shall use any methods or means to use

the Conditions of Business to obtain business benefits,

and shall not make duplication, of any parts of the

Conditions of Business.

ARTICLE 72 APPLICABLE PERIOD

The Conditions of Business is only applicable for this

auction. The Company may update the Conditions of

Business from time to time, when the Bidder and the

Buyer participate in another auction, the then applicable

Conditions of Business shall prevail.

ARTICLE 73 RIGHT OF INTERPRETATION

ﬔ e right of interpretation of these Rules shall belong to

the Company.

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IMPORTANT NOTICE ABOUT BIDDING REGISTRATION

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I. When you register to bid in an auction, you must fill in

the Bidding Registration Form, with all relevant documents

as follow, and pay a deposit in order to complete the

registration.

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II. Documents that must be provided when completing the

bidding paddle registration:

1. Individuals: photo identity, i.e. national identity card and/

or passport; proof of current address (if the current address

is not shown on the identity document), i.e. utility bill or bank

statement.

2. Corporate clients: a certificate of incorporation and official

documents listing directors and shareholders.

3. Agents and/or Acting Personnel: photo identity of the

agent and/or acting personnel, copy of identity document

of the person/company that the agent and/or acting

personnel acts on, original copy of signed and/or chopped

authorization letter from the particular person/ company.

Please note that Poly Auction (Hong Kong) Limited does

not accept any payment from any third party and this also

applies to the agent. If you participate in the bidding on

behalf of others, Poly Auction (Hong Kong) only accepts the

payment of the principal.

4. New clients and those clients who have not bidden

successfully from Beijing Poly International Auction Co.,

Ltd., must provide credit proof issued by banks and must

complete the registration at least three business days before

the auction so that there will be enough time to process the

registration.

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III. If this is the first time you bid with Poly Auction (Hong

Kong) Limited, and you are not recommended by a registered

client endorsed by us, the deposit will be HK$500,000. If

you intend to bid on a "Premium Lot"(i.e., a lot marked with

d in the printed catalogue and/or the digital catalogue),

the deposit will be HK$1,000,000, please be aware of the

amount of deposit and/or bidding registration procedure

for "Premium Lot" can be changed at any time at Poly

Auction(Hong Kong)'s sole discretion without prior notice.

In either case, you must deliver to Poly Auction (Hong Kong)

Limited such necessary financial references, guarantees,

deposits and/or such other security as Poly Auction (Hong

Kong) Limited may in its absolute discretion require for

before your bid. Poly Auction (Hong Kong) Limited may refuse

any bidding registration without any explanation at its' sole

discretion.

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IV. All deposits must be paid in HK dollars by telegraphic

transfer, credit card acceptable to Poly Auction (Hong Kong)

Limited and/or Union Pay Card under your name. If you are

not successful in any bid, the deposit (without interest) will

be returned to you by any method as determined by Poly

Auction (Hong Kong ) Limited within 14 days after the end of

the auction. If you successfully bid for any lot(s), Poly Auction

(Hong Kong) Limited may use the deposit to offset any

amount of purchase price of the Lot (s) that bought by you.

Any losses or expenses from foreign currency conversion

involved in the refund will be borne by you.

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V. Poly Auction (Hong Kong) Limited has the right to demand

the Bidder to provide any proof of financial conditions,

guarantee, proof of bank deposit and/or any other necessary

documents that our company can demand, at its absolute

discretion, and/or asking the Bidder to provide any other

collateral for the Lot(s) that the latter intends to bid. Our

company reserves the right to investigate the sources of

funds of the Bidder.

›„ ð,ðð&½œ š›z§²³´¹¤

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VI. Please be aware that Poly Auction (Hong Kong) Limited

can refuse any bidding registration without any explanation

at its' sole discretion.

第216页

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I. In addition to the Hammer Price, the

Buyer agrees to pay the applicable

commission in respect of such Hammer

Price. Payment must be made within

seven calendar days (including the

day of Sale) from the day of Sale. This

applies even if the Buyer wishes to

export the Lot and an export license is

(or may be) required.

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II. Where Lot(s) is(are) not collected

within 30 calendar days (including the

day of Sale) from the day of Sale, the

Buyer must pay the monthly storage

fee of HK$1,200 per Lot starting from

the 31st day. For storage less than one

month, one whole month's storage fee

will be charged. All other additional

expenses such as insurance, packing

and/or transportation costs will be

charged separately.

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號碼 004-848-360475-838

收款銀行代號 HSBCHKHHHKH

銀行代碼 004

信用卡/銀聯卡

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Áe†‡í —£ìÞ+852

2303 9860

Õcs@polyauction.

com.hk

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支票

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III. Our company accepts the following

types of payment:

Telegraphic transfer

Payment should preferably be made

by telegraphic transfer directly to our

company's account. Please include

your name and paddle number or

invoice number with your instructions

to the bank.

Bank The Hongkong and Shanghai

Banking Corporation Limited

Account Name Poly Auction (Hong

Kong) Ltd.

Account No 004-848-360475-838

SWIFT HSBCHKHHHKH

Bank Code 004

Credit Card/UnionPay Card

Our company accepts payments by

credit cards and/or Union Pay which

is acceptable to Poly Auction (Hong

Ko ng ) u p t o H K $ 1 , 0 0 0 , 0 0 0 p e r

auction sale. The Buyer has to bear

the administrative charge which is not

more than 2.5% of the paid amount.

If the Buyer pay by credit card but not

in person, the client have to fill in the

"Credit Card Authorisation Form" and

send back by fax +852 2303 9860)

or email cs@polyauction.com.hk or

mail to our office address (subject to

conditions).

Cheque

Our company accepts personal and

company cheques, but please be

reminded that the purchases will not

be released until such cheques have

been cleared. Traveller's cheques are

not accepted.

Cash/Cashier Order

If payment is made by cash or cashier

order, the purchases will be released

immediately. However, our company

does not accept sums exceeding

HK$80,000 (or its equivalent in

other currencies) in cash in a single

or multiple payments. Our company

requests any new clients or purchasers

preferring to make a cash payment to

provide proof of identity and proof of

the permanent address. We reserve the

right to seek identification of the source

of funds received.

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IV. If the payment made in a currency

other than Hong Kong Dollars, we shall

charge the Buyer for any currency

costs incurred. This will include bank

charges, commissions for converting

the currency. The exchange rate of

Hong Kong Dollars and that currency

will be the rate quoted by such bank as

selected by the company, in Hong Kong

on the date of payment.

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V. Our company will issue an invoice

of sold Lot(s) based on the name and

address which is (are) on the Bidding

Registration Form and the registered

name and address should not be

changed and/ or amended.

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VI. Our company does not accept

payment from any third party other

than the Buyer. This applies to agent

as well. If the agent participates in the

auction on behalf of any others, we

only accept payment from the principal.

Except payment from the Buyer directly,

our company reserves the right to

reject payments from other sources.

…€†‡ˆ‰

IMPORTANT NOTICE ABOUT PAYMENT

‹ŒŽ‘’“”ˆ‰

IMPORTANT NOTICES ABOUT STORAGE COLLECTION SHIPPING AND EXPORT

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I. After the buyer has fully paid for purchased items (the

"Lot(s)") including hammer price and commission, the buyer

shall go to the company's address or other designated

locations to pick up the Lot(s) within 30 days from the sale

date (including the sale date). If the buyer fails to pick up the

Lot(s) within 30 days from the sale date (including the sale

date), the relevant storage, transportation, and insurance

costs for the Lot(s) since the 31st day shall be borne by the

buyer, and the buyer shall be fully responsible for all risks

derived from the Lot(s). After the expiry, even if the Lot(s) is

still kept by the company or its agents, the company and its

staff or its agents shall not bear any responsibility for the

damage or loss of the Lot(s) due to any reason.

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II. Where Lot(s) is(are) not collected within 30 calendar days

(including the day of sale) from the day of sale, the buyer

must pay the monthly storage fee of HK$1,200 per Lot since

the 31st day. For storage less than one month, one whole

month's storage fee will be charged. The storage fee does

not cover storage insurance. For insurance, please contact

our persons. Other additional expenses such as packing

and/or transportation costs will be charged separately if

applicable.

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III. The buyer can personally or authorizes someone to pick

up the Lot(s) at the company's address or other designated

locations. The company requires identity documents or/and

the buyer signed "Collection and Shipping Authorization"

to be presented when picking up the Lot(s). The buyer (or

authorized person) should carefully inspect the goods and

sign for them afterwards. After the buyer (or authorized

person) signs for it, it means that the buyer has accepted the

condition and quality of the Lot(s) without any objection.

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IV. The buyer ought to arrange the necessary packaging,

transportation, related insurance or export Hong Kong of

the Lot(s) by himself, and bear related expenses and taxes.

However, the company is happy to provide advice and/or

additional services, including finding suitable professional

art transportation suppliers and negotiating fee quotations.

Buyer should reimburse the company aforesaid costs paid

on behalf of the buyer or/and administration fees.

—„}|«nÁÓ­;à‹‘ÌÕð}|T Œ

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y¨‹§‘ÌÕðú.oˆŠ pN§‘ÌÕð

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V. The buyer can hire a professional art transportation

company to act as an agent for the buyer to pick up, check

conditions, package, transport, provide related insurance or

export Hong Kong. The buyer should sign the "Collection and

Shipping Authorization" and submit it to the company. Once

the company delivers the Lot(s) to the buyer's transportation

agent or its employees/branches, it shall be deemed that

the company has delivered the Lot(s), and the buyer shall be

deemed to have received the Lot(s) in accordance with the

normal procedures. The forwarding agent should carefully

inspect the goods and sign for them afterwards. After the

forwarding agent signs the receipt, it means that the buyer

has accepted the condition and quality of the Lot(s) without

any objection.

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VI. If allowed by Hongkong Post or well-recognized couriers,

the company can deliver the Lot(s) by post or courier under

the buyer's instruction. The buyer should sign the "Collection

and Shipping Authorization" and submit it to the company.

Once the company delivers the auction item to Hongkong

Post or couriers or its employees/branches, it shall be

deemed that the company has delivered the Lot(s), and

the buyer shall be deemed to have received the Lot(s) in

accordance with the normal procedures. Unless the buyer

specifies and bears the insurance premium, the parcel is

generally not insured during the mailing or express delivery

process.

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VII. The company is not responsible for all errors, omissions,

damages or losses caused by the transportation company,

postal or couriers designated by the buyer or recommended

by the company to the buyer.

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%Š

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ùÄÞ

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VIII. The company is not responsible for all errors, omissions,

damages or losses caused by the transportation company,

postal or couriers designated by the buyer or recommended

by the company to the buyer.

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IX. Picking up at auction venue is applicable for certain

Lot(s) only. Please make an appointment for collection after

auction dates.

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4@J€ŠóƧÝ$+852 2303 9899„Õ$

shipping@polyauction.com.hk

X. For details of storage, collection, delivery or/and

export, please contact the Warehouse and Logistics

Department. Telephone: +852 2303 9899 and Email:

shipping@polyauction.com.hk

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I. In addition to the Hammer Price, the

Buyer agrees to pay the applicable

commission in respect of such Hammer

Price. Payment must be made within

seven calendar days (including the

day of Sale) from the day of Sale. This

applies even if the Buyer wishes to

export the Lot and an export license is

(or may be) required.

=„+uª€Ruª€ó

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‹¾8

y‹{†ÍŽ¸—^_^‚

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wŸÁ—¼§„%‰‘Ì

¸—wŸÁ˾µ–N§

II. Where Lot(s) is(are) not collected

within 30 calendar days (including the

day of Sale) from the day of Sale, the

Buyer must pay the monthly storage

fee of HK$1,200 per Lot starting from

the 31st day. For storage less than one

month, one whole month's storage fee

will be charged. All other additional

expenses such as insurance, packing

and/or transportation costs will be

charged separately.

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戶行 ¿µnpq–

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號碼 004-848-360475-838

收款銀行代號 HSBCHKHHHKH

銀行代碼 004

信用卡/銀聯卡

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Áe†‡í —£ìÞ+852

2303 9860

Õcs@polyauction.

com.hk

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ˆS»‡©Ø§

支票

£Sºœ{j{j—í

4ÔÍ}|ˆÄ{j)  Ô«Œ

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III. Our company accepts the following

types of payment:

Telegraphic transfer

Payment should preferably be made

by telegraphic transfer directly to our

company's account. Please include

your name and paddle number or

invoice number with your instructions

to the bank.

Bank The Hongkong and Shanghai

Banking Corporation Limited

Account Name Poly Auction (Hong

Kong) Ltd.

Account No 004-848-360475-838

SWIFT HSBCHKHHHKH

Bank Code 004

Credit Card/UnionPay Card

Our company accepts payments by

credit cards and/or Union Pay which

is acceptable to Poly Auction (Hong

Ko ng ) u p t o H K $ 1 , 0 0 0 , 0 0 0 p e r

auction sale. The Buyer has to bear

the administrative charge which is not

more than 2.5% of the paid amount.

If the Buyer pay by credit card but not

in person, the client have to fill in the

"Credit Card Authorisation Form" and

send back by fax +852 2303 9860)

or email cs@polyauction.com.hk or

mail to our office address (subject to

conditions).

Cheque

Our company accepts personal and

company cheques, but please be

reminded that the purchases will not

be released until such cheques have

been cleared. Traveller's cheques are

not accepted.

Cash/Cashier Order

If payment is made by cash or cashier

order, the purchases will be released

immediately. However, our company

does not accept sums exceeding

HK$80,000 (or its equivalent in

other currencies) in cash in a single

or multiple payments. Our company

requests any new clients or purchasers

preferring to make a cash payment to

provide proof of identity and proof of

the permanent address. We reserve the

right to seek identification of the source

of funds received.

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IV. If the payment made in a currency

other than Hong Kong Dollars, we shall

charge the Buyer for any currency

costs incurred. This will include bank

charges, commissions for converting

the currency. The exchange rate of

Hong Kong Dollars and that currency

will be the rate quoted by such bank as

selected by the company, in Hong Kong

on the date of payment.

—„ Ë5š›z§Ö„¿‰

ŠŠ‹Óޓ“‹輗æ

z§‰ŠŠ‹Ó³ر§

V. Our company will issue an invoice

of sold Lot(s) based on the name and

address which is (are) on the Bidding

Registration Form and the registered

name and address should not be

changed and/ or amended.

›„ ³£S}|&½ó

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§

VI. Our company does not accept

payment from any third party other

than the Buyer. This applies to agent

as well. If the agent participates in the

auction on behalf of any others, we

only accept payment from the principal.

Except payment from the Buyer directly,

our company reserves the right to

reject payments from other sources.

…€†‡ˆ‰

IMPORTANT NOTICE ABOUT PAYMENT

‹ŒŽ‘’“”ˆ‰

IMPORTANT NOTICES ABOUT STORAGE COLLECTION SHIPPING AND EXPORT

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I. After the buyer has fully paid for purchased items (the

"Lot(s)") including hammer price and commission, the buyer

shall go to the company's address or other designated

locations to pick up the Lot(s) within 30 days from the sale

date (including the sale date). If the buyer fails to pick up the

Lot(s) within 30 days from the sale date (including the sale

date), the relevant storage, transportation, and insurance

costs for the Lot(s) since the 31st day shall be borne by the

buyer, and the buyer shall be fully responsible for all risks

derived from the Lot(s). After the expiry, even if the Lot(s) is

still kept by the company or its agents, the company and its

staff or its agents shall not bear any responsibility for the

damage or loss of the Lot(s) due to any reason.

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II. Where Lot(s) is(are) not collected within 30 calendar days

(including the day of sale) from the day of sale, the buyer

must pay the monthly storage fee of HK$1,200 per Lot since

the 31st day. For storage less than one month, one whole

month's storage fee will be charged. The storage fee does

not cover storage insurance. For insurance, please contact

our persons. Other additional expenses such as packing

and/or transportation costs will be charged separately if

applicable.

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III. The buyer can personally or authorizes someone to pick

up the Lot(s) at the company's address or other designated

locations. The company requires identity documents or/and

the buyer signed "Collection and Shipping Authorization"

to be presented when picking up the Lot(s). The buyer (or

authorized person) should carefully inspect the goods and

sign for them afterwards. After the buyer (or authorized

person) signs for it, it means that the buyer has accepted the

condition and quality of the Lot(s) without any objection.

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IV. The buyer ought to arrange the necessary packaging,

transportation, related insurance or export Hong Kong of

the Lot(s) by himself, and bear related expenses and taxes.

However, the company is happy to provide advice and/or

additional services, including finding suitable professional

art transportation suppliers and negotiating fee quotations.

Buyer should reimburse the company aforesaid costs paid

on behalf of the buyer or/and administration fees.

—„}|«nÁÓ­;à‹‘ÌÕð}|T Œ

„ˆN„%„‘Ì„»§

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Ë‹ª†}|‘ÌÕð

woÊè>{°—ƒm

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V. The buyer can hire a professional art transportation

company to act as an agent for the buyer to pick up, check

conditions, package, transport, provide related insurance or

export Hong Kong. The buyer should sign the "Collection and

Shipping Authorization" and submit it to the company. Once

the company delivers the Lot(s) to the buyer's transportation

agent or its employees/branches, it shall be deemed that

the company has delivered the Lot(s), and the buyer shall be

deemed to have received the Lot(s) in accordance with the

normal procedures. The forwarding agent should carefully

inspect the goods and sign for them afterwards. After the

forwarding agent signs the receipt, it means that the buyer

has accepted the condition and quality of the Lot(s) without

any objection.

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VI. If allowed by Hongkong Post or well-recognized couriers,

the company can deliver the Lot(s) by post or courier under

the buyer's instruction. The buyer should sign the "Collection

and Shipping Authorization" and submit it to the company.

Once the company delivers the auction item to Hongkong

Post or couriers or its employees/branches, it shall be

deemed that the company has delivered the Lot(s), and

the buyer shall be deemed to have received the Lot(s) in

accordance with the normal procedures. Unless the buyer

specifies and bears the insurance premium, the parcel is

generally not insured during the mailing or express delivery

process.

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VII. The company is not responsible for all errors, omissions,

damages or losses caused by the transportation company,

postal or couriers designated by the buyer or recommended

by the company to the buyer.

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VIII. The company is not responsible for all errors, omissions,

damages or losses caused by the transportation company,

postal or couriers designated by the buyer or recommended

by the company to the buyer.

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Y4/©§

IX. Picking up at auction venue is applicable for certain

Lot(s) only. Please make an appointment for collection after

auction dates.

<„»‹ ÍŽ„Œ„‘’

芓”Ñٗ

4@J€ŠóƧÝ$+852 2303 9899„Õ$

shipping@polyauction.com.hk

X. For details of storage, collection, delivery or/and

export, please contact the Warehouse and Logistics

Department. Telephone: +852 2303 9899 and Email:

shipping@polyauction.com.hk

第217页

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z«Y—Ä0‡¨Á§

I. In addition to the Hammer Price, the

Buyer agrees to pay the applicable

commission in respect of such Hammer

Price. Payment must be made within

seven calendar days (including the

day of Sale) from the day of Sale. This

applies even if the Buyer wishes to

export the Lot and an export license is

(or may be) required.

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y‹{†ÍŽ¸—^_^‚

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wŸÁ—¼§„%‰‘Ì

¸—wŸÁ˾µ–N§

II. Where Lot(s) is(are) not collected

within 30 calendar days (including the

day of Sale) from the day of Sale, the

Buyer must pay the monthly storage

fee of HK$1,200 per Lot starting from

the 31st day. For storage less than one

month, one whole month's storage fee

will be charged. All other additional

expenses such as insurance, packing

and/or transportation costs will be

charged separately.

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戶行 ¿µnpq–

戶名 

號碼 004-848-360475-838

收款銀行代號 HSBCHKHHHKH

銀行代碼 004

信用卡/銀聯卡

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Áe†‡í —£ìÞ+852

2303 9860

Õcs@polyauction.

com.hk

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ˆS»‡©Ø§

支票

£Sºœ{j{j—í

4ÔÍ}|ˆÄ{j)  Ô«Œ

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現金或銀行本票

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III. Our company accepts the following

types of payment:

Telegraphic transfer

Payment should preferably be made

by telegraphic transfer directly to our

company's account. Please include

your name and paddle number or

invoice number with your instructions

to the bank.

Bank The Hongkong and Shanghai

Banking Corporation Limited

Account Name Poly Auction (Hong

Kong) Ltd.

Account No 004-848-360475-838

SWIFT HSBCHKHHHKH

Bank Code 004

Credit Card/UnionPay Card

Our company accepts payments by

credit cards and/or Union Pay which

is acceptable to Poly Auction (Hong

Ko ng ) u p t o H K $ 1 , 0 0 0 , 0 0 0 p e r

auction sale. The Buyer has to bear

the administrative charge which is not

more than 2.5% of the paid amount.

If the Buyer pay by credit card but not

in person, the client have to fill in the

"Credit Card Authorisation Form" and

send back by fax +852 2303 9860)

or email cs@polyauction.com.hk or

mail to our office address (subject to

conditions).

Cheque

Our company accepts personal and

company cheques, but please be

reminded that the purchases will not

be released until such cheques have

been cleared. Traveller's cheques are

not accepted.

Cash/Cashier Order

If payment is made by cash or cashier

order, the purchases will be released

immediately. However, our company

does not accept sums exceeding

HK$80,000 (or its equivalent in

other currencies) in cash in a single

or multiple payments. Our company

requests any new clients or purchasers

preferring to make a cash payment to

provide proof of identity and proof of

the permanent address. We reserve the

right to seek identification of the source

of funds received.

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¨{ ÙuŽ~ q

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w¸Á§

IV. If the payment made in a currency

other than Hong Kong Dollars, we shall

charge the Buyer for any currency

costs incurred. This will include bank

charges, commissions for converting

the currency. The exchange rate of

Hong Kong Dollars and that currency

will be the rate quoted by such bank as

selected by the company, in Hong Kong

on the date of payment.

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V. Our company will issue an invoice

of sold Lot(s) based on the name and

address which is (are) on the Bidding

Registration Form and the registered

name and address should not be

changed and/ or amended.

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§

VI. Our company does not accept

payment from any third party other

than the Buyer. This applies to agent

as well. If the agent participates in the

auction on behalf of any others, we

only accept payment from the principal.

Except payment from the Buyer directly,

our company reserves the right to

reject payments from other sources.

…€†‡ˆ‰

IMPORTANT NOTICE ABOUT PAYMENT

‹ŒŽ‘’“”ˆ‰

IMPORTANT NOTICES ABOUT STORAGE COLLECTION SHIPPING AND EXPORT

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&½'&§

I. After the buyer has fully paid for purchased items (the

"Lot(s)") including hammer price and commission, the buyer

shall go to the company's address or other designated

locations to pick up the Lot(s) within 30 days from the sale

date (including the sale date). If the buyer fails to pick up the

Lot(s) within 30 days from the sale date (including the sale

date), the relevant storage, transportation, and insurance

costs for the Lot(s) since the 31st day shall be borne by the

buyer, and the buyer shall be fully responsible for all risks

derived from the Lot(s). After the expiry, even if the Lot(s) is

still kept by the company or its agents, the company and its

staff or its agents shall not bear any responsibility for the

damage or loss of the Lot(s) due to any reason.

=„+uª€Ruª€ó‘<0€„—}|ˆ

‹¾8y‹{†ÍŽ¸—^_^‚

1,200 §ÍŽ³0º‚ó—ˆÉ†Ö‚ÍŽ¸§Í

Ž¸³%$Jͧ—¼!Å›4@ Éʧ

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II. Where Lot(s) is(are) not collected within 30 calendar days

(including the day of sale) from the day of sale, the buyer

must pay the monthly storage fee of HK$1,200 per Lot since

the 31st day. For storage less than one month, one whole

month's storage fee will be charged. The storage fee does

not cover storage insurance. For insurance, please contact

our persons. Other additional expenses such as packing

and/or transportation costs will be charged separately if

applicable.

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III. The buyer can personally or authorizes someone to pick

up the Lot(s) at the company's address or other designated

locations. The company requires identity documents or/and

the buyer signed "Collection and Shipping Authorization"

to be presented when picking up the Lot(s). The buyer (or

authorized person) should carefully inspect the goods and

sign for them afterwards. After the buyer (or authorized

person) signs for it, it means that the buyer has accepted the

condition and quality of the Lot(s) without any objection.

¹„}|ˆ+–"M‹€%„‘Ì„»§

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芝™€—%$U~ƒ¨

Ó­;à‹‘Ì¶úEÎE¥á©§}|ú{† 

Õ

Á{»¸Á

èŠ"M†‘ ò+¸§

IV. The buyer ought to arrange the necessary packaging,

transportation, related insurance or export Hong Kong of

the Lot(s) by himself, and bear related expenses and taxes.

However, the company is happy to provide advice and/or

additional services, including finding suitable professional

art transportation suppliers and negotiating fee quotations.

Buyer should reimburse the company aforesaid costs paid

on behalf of the buyer or/and administration fees.

—„}|«nÁÓ­;à‹‘ÌÕð}|T Œ

„ˆN„%„‘Ì„»§

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Ë‹ª†}|‘ÌÕð

woÊè>{°—ƒm

Pª†¨‹—ïOúm

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y¨‹§‘ÌÕðú.oˆŠ pN§‘ÌÕð

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½wx§

V. The buyer can hire a professional art transportation

company to act as an agent for the buyer to pick up, check

conditions, package, transport, provide related insurance or

export Hong Kong. The buyer should sign the "Collection and

Shipping Authorization" and submit it to the company. Once

the company delivers the Lot(s) to the buyer's transportation

agent or its employees/branches, it shall be deemed that

the company has delivered the Lot(s), and the buyer shall be

deemed to have received the Lot(s) in accordance with the

normal procedures. The forwarding agent should carefully

inspect the goods and sign for them afterwards. After the

forwarding agent signs the receipt, it means that the buyer

has accepted the condition and quality of the Lot(s) without

any objection.

›„¼Õ

‰ŠÖ×pz— «¸}|

·CՒ

Öת†‹§}|úpé íŒ

 ª¤ §0Ø Ë‹ª†Õ

Ö×

woÊè>{°—ƒm

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Ö×Ñ-0

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VI. If allowed by Hongkong Post or well-recognized couriers,

the company can deliver the Lot(s) by post or courier under

the buyer's instruction. The buyer should sign the "Collection

and Shipping Authorization" and submit it to the company.

Once the company delivers the auction item to Hongkong

Post or couriers or its employees/branches, it shall be

deemed that the company has delivered the Lot(s), and

the buyer shall be deemed to have received the Lot(s) in

accordance with the normal procedures. Unless the buyer

specifies and bears the insurance premium, the parcel is

generally not insured during the mailing or express delivery

process.

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5}|w|‘Ì„Õ

Öאçu0ÔÝñ„üý„ÎÏ

žh— 

³)('&§

VII. The company is not responsible for all errors, omissions,

damages or losses caused by the transportation company,

postal or couriers designated by the buyer or recommended

by the company to the buyer.

ž„ )ªãߣS}|û—Œ¶Õ

%Š

Ýð€§¼‘ » œÊú}|ûÕ

Ýð

‹—¿’%ŠÝðÊm



}|Œ¶€—

ùÄÞ

&½–§ŠÎhñ}|+§

VIII. The company is not responsible for all errors, omissions,

damages or losses caused by the transportation company,

postal or couriers designated by the buyer or recommended

by the company to the buyer.

¢„¾cŸŒ¨ÁÄÆ>‹§wO\\Œ—

Y4/©§

IX. Picking up at auction venue is applicable for certain

Lot(s) only. Please make an appointment for collection after

auction dates.

<„»‹ ÍŽ„Œ„‘’

芓”Ñٗ

4@J€ŠóƧÝ$+852 2303 9899„Õ$

shipping@polyauction.com.hk

X. For details of storage, collection, delivery or/and

export, please contact the Warehouse and Logistics

Department. Telephone: +852 2303 9899 and Email:

shipping@polyauction.com.hk

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z«Y—Ä0‡¨Á§

I. In addition to the Hammer Price, the

Buyer agrees to pay the applicable

commission in respect of such Hammer

Price. Payment must be made within

seven calendar days (including the

day of Sale) from the day of Sale. This

applies even if the Buyer wishes to

export the Lot and an export license is

(or may be) required.

=„+uª€Ruª€ó

‘<0€„—}|ˆ

‹¾8

y‹{†ÍŽ¸—^_^‚

0i=?§ÍŽ³0º‚ó—

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wŸÁ—¼§„%‰‘Ì

¸—wŸÁ˾µ–N§

II. Where Lot(s) is(are) not collected

within 30 calendar days (including the

day of Sale) from the day of Sale, the

Buyer must pay the monthly storage

fee of HK$1,200 per Lot starting from

the 31st day. For storage less than one

month, one whole month's storage fee

will be charged. All other additional

expenses such as insurance, packing

and/or transportation costs will be

charged separately.

‘„ £SV{†‡Ô¯$

電匯

†‡Ô¯ÍnÔ¯£I—

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ïf‰ŠŠš›ÛK

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戶行 ¿µnpq–

戶名 

號碼 004-848-360475-838

收款銀行代號 HSBCHKHHHKH

銀行代碼 004

信用卡/銀聯卡

}|¼¤« ¦Áe

Šè

qeÔ¯{†Ê}ᇗƒ

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¿

 1,000,000 ^0Ÿ

§¼}|®eœ³¸ŸÔ¯

¦Áe{†‡—€ˆæ¡ ¦

Áe†‡í —£ìÞ+852

2303 9860

Õcs@polyauction.

com.hk

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ˆS»‡©Ø§

支票

£Sºœ{j{j—í

4ÔÍ}|ˆÄ{j)  Ô«Œ

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現金或銀行本票

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öáõÇYA¶_„

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III. Our company accepts the following

types of payment:

Telegraphic transfer

Payment should preferably be made

by telegraphic transfer directly to our

company's account. Please include

your name and paddle number or

invoice number with your instructions

to the bank.

Bank The Hongkong and Shanghai

Banking Corporation Limited

Account Name Poly Auction (Hong

Kong) Ltd.

Account No 004-848-360475-838

SWIFT HSBCHKHHHKH

Bank Code 004

Credit Card/UnionPay Card

Our company accepts payments by

credit cards and/or Union Pay which

is acceptable to Poly Auction (Hong

Ko ng ) u p t o H K $ 1 , 0 0 0 , 0 0 0 p e r

auction sale. The Buyer has to bear

the administrative charge which is not

more than 2.5% of the paid amount.

If the Buyer pay by credit card but not

in person, the client have to fill in the

"Credit Card Authorisation Form" and

send back by fax +852 2303 9860)

or email cs@polyauction.com.hk or

mail to our office address (subject to

conditions).

Cheque

Our company accepts personal and

company cheques, but please be

reminded that the purchases will not

be released until such cheques have

been cleared. Traveller's cheques are

not accepted.

Cash/Cashier Order

If payment is made by cash or cashier

order, the purchases will be released

immediately. However, our company

does not accept sums exceeding

HK$80,000 (or its equivalent in

other currencies) in cash in a single

or multiple payments. Our company

requests any new clients or purchasers

preferring to make a cash payment to

provide proof of identity and proof of

the permanent address. We reserve the

right to seek identification of the source

of funds received.

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w{†—ú]}

| ©ªnáÿ:

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¨{ ÙuŽ~ q

–ò+¸„[\\Šè

w¸Á§

IV. If the payment made in a currency

other than Hong Kong Dollars, we shall

charge the Buyer for any currency

costs incurred. This will include bank

charges, commissions for converting

the currency. The exchange rate of

Hong Kong Dollars and that currency

will be the rate quoted by such bank as

selected by the company, in Hong Kong

on the date of payment.

—„ Ë5š›z§Ö„¿‰

ŠŠ‹Óޓ“‹輗æ

z§‰ŠŠ‹Ó³ر§

V. Our company will issue an invoice

of sold Lot(s) based on the name and

address which is (are) on the Bidding

Registration Form and the registered

name and address should not be

changed and/ or amended.

›„ ³£S}|&½ó

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§

VI. Our company does not accept

payment from any third party other

than the Buyer. This applies to agent

as well. If the agent participates in the

auction on behalf of any others, we

only accept payment from the principal.

Except payment from the Buyer directly,

our company reserves the right to

reject payments from other sources.

…€†‡ˆ‰

IMPORTANT NOTICE ABOUT PAYMENT

‹ŒŽ‘’“”ˆ‰

IMPORTANT NOTICES ABOUT STORAGE COLLECTION SHIPPING AND EXPORT

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I. After the buyer has fully paid for purchased items (the

"Lot(s)") including hammer price and commission, the buyer

shall go to the company's address or other designated

locations to pick up the Lot(s) within 30 days from the sale

date (including the sale date). If the buyer fails to pick up the

Lot(s) within 30 days from the sale date (including the sale

date), the relevant storage, transportation, and insurance

costs for the Lot(s) since the 31st day shall be borne by the

buyer, and the buyer shall be fully responsible for all risks

derived from the Lot(s). After the expiry, even if the Lot(s) is

still kept by the company or its agents, the company and its

staff or its agents shall not bear any responsibility for the

damage or loss of the Lot(s) due to any reason.

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II. Where Lot(s) is(are) not collected within 30 calendar days

(including the day of sale) from the day of sale, the buyer

must pay the monthly storage fee of HK$1,200 per Lot since

the 31st day. For storage less than one month, one whole

month's storage fee will be charged. The storage fee does

not cover storage insurance. For insurance, please contact

our persons. Other additional expenses such as packing

and/or transportation costs will be charged separately if

applicable.

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III. The buyer can personally or authorizes someone to pick

up the Lot(s) at the company's address or other designated

locations. The company requires identity documents or/and

the buyer signed "Collection and Shipping Authorization"

to be presented when picking up the Lot(s). The buyer (or

authorized person) should carefully inspect the goods and

sign for them afterwards. After the buyer (or authorized

person) signs for it, it means that the buyer has accepted the

condition and quality of the Lot(s) without any objection.

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IV. The buyer ought to arrange the necessary packaging,

transportation, related insurance or export Hong Kong of

the Lot(s) by himself, and bear related expenses and taxes.

However, the company is happy to provide advice and/or

additional services, including finding suitable professional

art transportation suppliers and negotiating fee quotations.

Buyer should reimburse the company aforesaid costs paid

on behalf of the buyer or/and administration fees.

—„}|«nÁÓ­;à‹‘ÌÕð}|T Œ

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V. The buyer can hire a professional art transportation

company to act as an agent for the buyer to pick up, check

conditions, package, transport, provide related insurance or

export Hong Kong. The buyer should sign the "Collection and

Shipping Authorization" and submit it to the company. Once

the company delivers the Lot(s) to the buyer's transportation

agent or its employees/branches, it shall be deemed that

the company has delivered the Lot(s), and the buyer shall be

deemed to have received the Lot(s) in accordance with the

normal procedures. The forwarding agent should carefully

inspect the goods and sign for them afterwards. After the

forwarding agent signs the receipt, it means that the buyer

has accepted the condition and quality of the Lot(s) without

any objection.

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VI. If allowed by Hongkong Post or well-recognized couriers,

the company can deliver the Lot(s) by post or courier under

the buyer's instruction. The buyer should sign the "Collection

and Shipping Authorization" and submit it to the company.

Once the company delivers the auction item to Hongkong

Post or couriers or its employees/branches, it shall be

deemed that the company has delivered the Lot(s), and

the buyer shall be deemed to have received the Lot(s) in

accordance with the normal procedures. Unless the buyer

specifies and bears the insurance premium, the parcel is

generally not insured during the mailing or express delivery

process.

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5}|w|‘Ì„Õ

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VII. The company is not responsible for all errors, omissions,

damages or losses caused by the transportation company,

postal or couriers designated by the buyer or recommended

by the company to the buyer.

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VIII. The company is not responsible for all errors, omissions,

damages or losses caused by the transportation company,

postal or couriers designated by the buyer or recommended

by the company to the buyer.

¢„¾cŸŒ¨ÁÄÆ>‹§wO\\Œ—

Y4/©§

IX. Picking up at auction venue is applicable for certain

Lot(s) only. Please make an appointment for collection after

auction dates.

<„»‹ ÍŽ„Œ„‘’

芓”Ñٗ

4@J€ŠóƧÝ$+852 2303 9899„Õ$

shipping@polyauction.com.hk

X. For details of storage, collection, delivery or/and

export, please contact the Warehouse and Logistics

Department. Telephone: +852 2303 9899 and Email:

shipping@polyauction.com.hk

第218页

競投登記表格

保利香港拍賣有限公司 (“ 保利香港拍賣 ”)

š›ÛLK :

LK

個人名義競投 公司名義競投

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10 Ubi Crescent, Ubi Techpark Lobby C,

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ìÞ$(65) 63397767

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Fang Gallery ¢;à(™%)

The Plaza 27th Floor,Jl.M.H.Thamrin

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*圖錄預訂可聯系全球各地代表或以下合作單位:

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競投登記表格

保利香港拍賣有限公司 (“ 保利香港拍賣 ”)

š›ÛLK :

LK

個人名義競投 公司名義競投

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õÇY / èˆLK

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Suite 701-708, 7/F, One Pacific Place, 88 Queensway, Admiralty, Hong Kong

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第219页

競投登記表格

保利香港拍賣有限公司 (“ 保利香港拍賣 ”)

š›ÛLK :

LK

個人名義競投 公司名義競投

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SooBin Art Int'L

10 Ubi Crescent, Ubi Techpark Lobby C,

# 04-90 Lobby E Singapore 408564

Ý$(65) 68372777

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Fang Gallery ¢;à(™%)

The Plaza 27th Floor,Jl.M.H.Thamrin

Kav28-30,Jakarta 10350 Lndonesia

Tel: (62) 2129923311

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第220页

BIDDING REGISTRATION FORM

POLY AUCTION (HONG KONG) LIMITED

("POLY AUCTION (HONG KONG)")

Paddle No.

Client No.

Personal Account Company Account

Name

ID / Passport No.

Company Name

Business Registration No.

Authorized Person : ___________________________________ ID/Passport No. : ______________________ Telephone: _________________________

Address

City Country Postal Code

Telephone Fax Email

FOR OFFICE USE ONLY

□ Wire Transfer □ Cashier Order □ Cheque □ Credit Cards (VISA, MASTER, CUP, AE) □Others ID/PP : □Provided □ERP

Handled by Approved by Date / Time

Suite 701-708, 7/F, One Pacific Place, 88 Queensway, Admiralty, Hong Kong

\\ÅN 88 KstxŸ 1 M 7 u 701-708 ’

T: +852 2303 9899 F: +852 2303 9888 E:cs@polyauction.com.hk W: www.polyauction.com.hk

Auction Category: □ Modern and Contemporary Art □ Chinese Ceramics and Works of Art □ Tea

□ Fine Modern Chinese Paintings and Calligraphy □ Jewels □ Chinese Spirit

□ Classical Chinese Paintings and Calligraphy □ Watches □ Whisky & Cognac

□ Chinese Contemporary Ink Paintings □ Bag & Hype □ Other

Have you registered to bid at Poly International Auction Co. Ltd. before? □ Yes □ No

Please attach a copy of your ID Card/Passport and proof of current address (e.g. utility bill and bank statement) for identifi cation purpose.

I hereby confi rm my intention and application to bid in the above auction. I agree to deliver to Poly Auction (Hong Kong) such necessary fi nancial references, guarantees,

deposits and/or such other security as Poly Auction (Hong Kong) may in its absolute discretion for my bid. I agree that Poly Auction (Hong Kong) has no obligation to accept

this registration application and that Poly Auction (Hong Kong)'s decision in this regard shall be fi nal. I shall not assume Poly Auction (Hong Kong)'s acceptance of my

registration application unless I have received a written confi rmation from Poly Auction (Hong Kong) to that eff ect or a bidding paddle.

Please note that the auctioneer may open the bidding on any lot by placing a bid on behalf of the seller. ﬔ e auctioneer may further bid on behalf of the seller up to the amount of

the reserve, by placing responsive or consecutive bids for a lot.

In connection with the management and operation of our business and the marketing and supply of Poly Auction (Hong Kong) services, or as required by law, we may ask

clients to provide personal information about themselves and/or obtain information about clients from any third parties (e.g. credit information). Poly Auction (Hong Kong)

will not use and/or process my personal information for any other purpose without the client's express consent. In order to fulfi ll the services that clients have requested,

Poly Auction (Hong Kong) may disclose certain information to third parties (e.g. shippers). Some countries do not off er equivalent legal protection of personal information

to that off ered within Hong Kong. It is Poly Auction (Hong Kong)'s policy to require that any such third parties respect the privacy and confi dentiality of my information and

provide the same level of protection for my information as provided within Hong Kong, whether or not they are located in a country that off ers equivalent legal protection of

personal information. By signing this Registration Form I agree to such disclosure.

By signing below, I agree to be bound by the Conditions of Business and all the important notices as printed in the catalogue. If Poly Auction (Hong Kong) so requests, I agree

to provide proof of identity and permanent address.

ﬔ e contract between the Buyer and Seller shall be concluded upon the striking of hammer by the Auctioneer. If the Lot is sold, I agree to pay in Hong Kong dollars the

Hammer Price, a commission and related charges of buyer within 7 calendar days (including the day of sale).

□ I would like to receive the news for coming auction or events by email or message from Poly Hong Kong or Poly's group

□ I do not wish to receive the settlement advice by email

SIGNATURE DATE

If you plan to attend the sale and bid on a lot, please fi ll out this form and fax it to (852) 2303 9888 or mail to the following address in either case to reach POLY AUCTION

(HONG KONG) no later than 3 working days prior to the day of sale:

委託競投表格

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BIDDING REGISTRATION FORM

POLY AUCTION (HONG KONG) LIMITED

("POLY AUCTION (HONG KONG)")

Paddle No.

Client No.

Personal Account Company Account

Name

ID / Passport No.

Company Name

Business Registration No.

Authorized Person : ___________________________________ ID/Passport No. : ______________________ Telephone: _________________________

Address

City Country Postal Code

Telephone Fax Email

FOR OFFICE USE ONLY

□ Wire Transfer □ Cashier Order □ Cheque □ Credit Cards (VISA, MASTER, CUP, AE) □Others ID/PP : □Provided □ERP

Handled by Approved by Date / Time

Suite 701-708, 7/F, One Pacific Place, 88 Queensway, Admiralty, Hong Kong

\\ÅN 88 KstxŸ 1 M 7 u 701-708 ’

T: +852 2303 9899 F: +852 2303 9888 E:cs@polyauction.com.hk W: www.polyauction.com.hk

Auction Category: □ Modern and Contemporary Art □ Chinese Ceramics and Works of Art □ Tea

□ Fine Modern Chinese Paintings and Calligraphy □ Jewels □ Chinese Spirit

□ Classical Chinese Paintings and Calligraphy □ Watches □ Whisky & Cognac

□ Chinese Contemporary Ink Paintings □ Bag & Hype □ Other

Have you registered to bid at Poly International Auction Co. Ltd. before? □ Yes □ No

Please attach a copy of your ID Card/Passport and proof of current address (e.g. utility bill and bank statement) for identifi cation purpose.

I hereby confi rm my intention and application to bid in the above auction. I agree to deliver to Poly Auction (Hong Kong) such necessary fi nancial references, guarantees,

deposits and/or such other security as Poly Auction (Hong Kong) may in its absolute discretion for my bid. I agree that Poly Auction (Hong Kong) has no obligation to accept

this registration application and that Poly Auction (Hong Kong)'s decision in this regard shall be fi nal. I shall not assume Poly Auction (Hong Kong)'s acceptance of my

registration application unless I have received a written confi rmation from Poly Auction (Hong Kong) to that eff ect or a bidding paddle.

Please note that the auctioneer may open the bidding on any lot by placing a bid on behalf of the seller. ﬔ e auctioneer may further bid on behalf of the seller up to the amount of

the reserve, by placing responsive or consecutive bids for a lot.

In connection with the management and operation of our business and the marketing and supply of Poly Auction (Hong Kong) services, or as required by law, we may ask

clients to provide personal information about themselves and/or obtain information about clients from any third parties (e.g. credit information). Poly Auction (Hong Kong)

will not use and/or process my personal information for any other purpose without the client's express consent. In order to fulfi ll the services that clients have requested,

Poly Auction (Hong Kong) may disclose certain information to third parties (e.g. shippers). Some countries do not off er equivalent legal protection of personal information

to that off ered within Hong Kong. It is Poly Auction (Hong Kong)'s policy to require that any such third parties respect the privacy and confi dentiality of my information and

provide the same level of protection for my information as provided within Hong Kong, whether or not they are located in a country that off ers equivalent legal protection of

personal information. By signing this Registration Form I agree to such disclosure.

By signing below, I agree to be bound by the Conditions of Business and all the important notices as printed in the catalogue. If Poly Auction (Hong Kong) so requests, I agree

to provide proof of identity and permanent address.

ﬔ e contract between the Buyer and Seller shall be concluded upon the striking of hammer by the Auctioneer. If the Lot is sold, I agree to pay in Hong Kong dollars the

Hammer Price, a commission and related charges of buyer within 7 calendar days (including the day of sale).

□ I would like to receive the news for coming auction or events by email or message from Poly Hong Kong or Poly's group

□ I do not wish to receive the settlement advice by email

SIGNATURE DATE

If you plan to attend the sale and bid on a lot, please fi ll out this form and fax it to (852) 2303 9888 or mail to the following address in either case to reach POLY AUCTION

(HONG KONG) no later than 3 working days prior to the day of sale:

委託競投表格

Ւ

ìÞ$



‹Ó : \\ÅN 88 KstxŸ 1 M 7 u 701-708 ’

Ý : (852) 2303 9899

ìÞ : (852) 2303 9888

– : ¿µnpq–

Š : 

Kk : 004-848-360475-838

SWIFT: HSBCHKHHHKH

q–LK : 004

重要提示:

¼ ³£S%$Õðœ ê &½ó‘Ô†‡¶³£S}ž[ (

©â )  c\\

‡S¶æÞjÂ'ľÕé ˳çر§

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¼ºÕÖœ˜š›—Ê£Sœ †‡§

¼ Ê£S %„¯š›Ö„§

茲申請並委託保利香港拍賣就本申請表所列拍賣品進行競投,並同意如下條款:

0„ œ)HPžŸ¡¢ëìÄ ¿­€‚ƒ„„š›z§ˆ‰„…€†

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Ꝇȋ `@á„NÄ`@á 20% [\\Š&½}|'ÈS¸Á§

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Ý #1 Ý #2 ìÞ

Õ _________________________________________ ôõ…U __________________________

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第221页

BIDDING REGISTRATION FORM

POLY AUCTION (HONG KONG) LIMITED

("POLY AUCTION (HONG KONG)")

Paddle No.

Client No.

Personal Account Company Account

Name

ID / Passport No.

Company Name

Business Registration No.

Authorized Person : ___________________________________ ID/Passport No. : ______________________ Telephone: _________________________

Address

City Country Postal Code

Telephone Fax Email

FOR OFFICE USE ONLY

□ Wire Transfer □ Cashier Order □ Cheque □ Credit Cards (VISA, MASTER, CUP, AE) □Others ID/PP : □Provided □ERP

Handled by Approved by Date / Time

Suite 701-708, 7/F, One Pacific Place, 88 Queensway, Admiralty, Hong Kong

\\ÅN 88 KstxŸ 1 M 7 u 701-708 ’

T: +852 2303 9899 F: +852 2303 9888 E:cs@polyauction.com.hk W: www.polyauction.com.hk

Auction Category: □ Modern and Contemporary Art □ Chinese Ceramics and Works of Art □ Tea

□ Fine Modern Chinese Paintings and Calligraphy □ Jewels □ Chinese Spirit

□ Classical Chinese Paintings and Calligraphy □ Watches □ Whisky & Cognac

□ Chinese Contemporary Ink Paintings □ Bag & Hype □ Other

Have you registered to bid at Poly International Auction Co. Ltd. before? □ Yes □ No

Please attach a copy of your ID Card/Passport and proof of current address (e.g. utility bill and bank statement) for identifi cation purpose.

I hereby confi rm my intention and application to bid in the above auction. I agree to deliver to Poly Auction (Hong Kong) such necessary fi nancial references, guarantees,

deposits and/or such other security as Poly Auction (Hong Kong) may in its absolute discretion for my bid. I agree that Poly Auction (Hong Kong) has no obligation to accept

this registration application and that Poly Auction (Hong Kong)'s decision in this regard shall be fi nal. I shall not assume Poly Auction (Hong Kong)'s acceptance of my

registration application unless I have received a written confi rmation from Poly Auction (Hong Kong) to that eff ect or a bidding paddle.

Please note that the auctioneer may open the bidding on any lot by placing a bid on behalf of the seller. ﬔ e auctioneer may further bid on behalf of the seller up to the amount of

the reserve, by placing responsive or consecutive bids for a lot.

In connection with the management and operation of our business and the marketing and supply of Poly Auction (Hong Kong) services, or as required by law, we may ask

clients to provide personal information about themselves and/or obtain information about clients from any third parties (e.g. credit information). Poly Auction (Hong Kong)

will not use and/or process my personal information for any other purpose without the client's express consent. In order to fulfi ll the services that clients have requested,

Poly Auction (Hong Kong) may disclose certain information to third parties (e.g. shippers). Some countries do not off er equivalent legal protection of personal information

to that off ered within Hong Kong. It is Poly Auction (Hong Kong)'s policy to require that any such third parties respect the privacy and confi dentiality of my information and

provide the same level of protection for my information as provided within Hong Kong, whether or not they are located in a country that off ers equivalent legal protection of

personal information. By signing this Registration Form I agree to such disclosure.

By signing below, I agree to be bound by the Conditions of Business and all the important notices as printed in the catalogue. If Poly Auction (Hong Kong) so requests, I agree

to provide proof of identity and permanent address.

ﬔ e contract between the Buyer and Seller shall be concluded upon the striking of hammer by the Auctioneer. If the Lot is sold, I agree to pay in Hong Kong dollars the

Hammer Price, a commission and related charges of buyer within 7 calendar days (including the day of sale).

□ I would like to receive the news for coming auction or events by email or message from Poly Hong Kong or Poly's group

□ I do not wish to receive the settlement advice by email

SIGNATURE DATE

If you plan to attend the sale and bid on a lot, please fi ll out this form and fax it to (852) 2303 9888 or mail to the following address in either case to reach POLY AUCTION

(HONG KONG) no later than 3 working days prior to the day of sale:

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BIDDING REGISTRATION FORM

POLY AUCTION (HONG KONG) LIMITED

("POLY AUCTION (HONG KONG)")

Paddle No.

Client No.

Personal Account Company Account

Name

ID / Passport No.

Company Name

Business Registration No.

Authorized Person : ___________________________________ ID/Passport No. : ______________________ Telephone: _________________________

Address

City Country Postal Code

Telephone Fax Email

FOR OFFICE USE ONLY

□ Wire Transfer □ Cashier Order □ Cheque □ Credit Cards (VISA, MASTER, CUP, AE) □Others ID/PP : □Provided □ERP

Handled by Approved by Date / Time

Suite 701-708, 7/F, One Pacific Place, 88 Queensway, Admiralty, Hong Kong

\\ÅN 88 KstxŸ 1 M 7 u 701-708 ’

T: +852 2303 9899 F: +852 2303 9888 E:cs@polyauction.com.hk W: www.polyauction.com.hk

Auction Category: □ Modern and Contemporary Art □ Chinese Ceramics and Works of Art □ Tea

□ Fine Modern Chinese Paintings and Calligraphy □ Jewels □ Chinese Spirit

□ Classical Chinese Paintings and Calligraphy □ Watches □ Whisky & Cognac

□ Chinese Contemporary Ink Paintings □ Bag & Hype □ Other

Have you registered to bid at Poly International Auction Co. Ltd. before? □ Yes □ No

Please attach a copy of your ID Card/Passport and proof of current address (e.g. utility bill and bank statement) for identifi cation purpose.

I hereby confi rm my intention and application to bid in the above auction. I agree to deliver to Poly Auction (Hong Kong) such necessary fi nancial references, guarantees,

deposits and/or such other security as Poly Auction (Hong Kong) may in its absolute discretion for my bid. I agree that Poly Auction (Hong Kong) has no obligation to accept

this registration application and that Poly Auction (Hong Kong)'s decision in this regard shall be fi nal. I shall not assume Poly Auction (Hong Kong)'s acceptance of my

registration application unless I have received a written confi rmation from Poly Auction (Hong Kong) to that eff ect or a bidding paddle.

Please note that the auctioneer may open the bidding on any lot by placing a bid on behalf of the seller. ﬔ e auctioneer may further bid on behalf of the seller up to the amount of

the reserve, by placing responsive or consecutive bids for a lot.

In connection with the management and operation of our business and the marketing and supply of Poly Auction (Hong Kong) services, or as required by law, we may ask

clients to provide personal information about themselves and/or obtain information about clients from any third parties (e.g. credit information). Poly Auction (Hong Kong)

will not use and/or process my personal information for any other purpose without the client's express consent. In order to fulfi ll the services that clients have requested,

Poly Auction (Hong Kong) may disclose certain information to third parties (e.g. shippers). Some countries do not off er equivalent legal protection of personal information

to that off ered within Hong Kong. It is Poly Auction (Hong Kong)'s policy to require that any such third parties respect the privacy and confi dentiality of my information and

provide the same level of protection for my information as provided within Hong Kong, whether or not they are located in a country that off ers equivalent legal protection of

personal information. By signing this Registration Form I agree to such disclosure.

By signing below, I agree to be bound by the Conditions of Business and all the important notices as printed in the catalogue. If Poly Auction (Hong Kong) so requests, I agree

to provide proof of identity and permanent address.

ﬔ e contract between the Buyer and Seller shall be concluded upon the striking of hammer by the Auctioneer. If the Lot is sold, I agree to pay in Hong Kong dollars the

Hammer Price, a commission and related charges of buyer within 7 calendar days (including the day of sale).

□ I would like to receive the news for coming auction or events by email or message from Poly Hong Kong or Poly's group

□ I do not wish to receive the settlement advice by email

SIGNATURE DATE

If you plan to attend the sale and bid on a lot, please fi ll out this form and fax it to (852) 2303 9888 or mail to the following address in either case to reach POLY AUCTION

(HONG KONG) no later than 3 working days prior to the day of sale:

委託競投表格

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ìÞ$



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Kk : 004-848-360475-838

SWIFT: HSBCHKHHHKH

q–LK : 004

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第222页

ABSENTEE BID REGISTRATION

Mail or Fax to:

Poly Auction (Hong Kong) Limited

Address: 701-708, 7/F, One Pacifi c Place

88 Queensway, Admiralty

Hong Kong

Phone: (852) 2303 9899

Fax: (852) 2303 9888

Bank: ﬔ e Hongkong and Shanghai Banking Corporation Limited

Account Name: Poly Auction (Hong Kong) Ltd.

Account No: 004-848-360475-838

SWIFT: HSBCHKHHHKH

Bank Code: 004

IMPORTANT REMINDER:

• Poly Auction (Hong Kong) does not accept any payment from any third parties (agent inclusive), nor cash in

excess of HK$80,000 (or its equivalent in other currencies), and that the invoice details cannot be changed

and/or amended aft er the end of the Auction.

• Please provide certifi ed true copies of the following documents:

o Individuals: photo identity i.e. national identity card and/or passport, proof of current address (if the

current address is not shown on the identity document), i.e. utility bill or bank statement.

o Corporate clients: a certifi cate of incorporation and offi cial documents listing directors and shareholders.

o Agents and/or Acting Personnel: photo identity of the agent and/or acting personnel, identity document

of the person/company that the agent and/or acting personnel acts on, original copy of signed and/or

chopped authorization letter from the particular person/ company. Please note that Poly Auction (Hong

Kong) Limited does not accept any payment from any third party and this also applies to agent. If you

participate in the bidding on behalf of others, Poly Auction (Hong Kong) only accepts the payment of the

principal.

• Poly Auction (Hong Kong) only accepts Absentee Bid Registration Form in this written format.

I hereby apply for and appoint Poly Auction (Hong Kong) to conduct bidding for the Property(ies) listed in

this Absentee bid registration, and agree to the following terms:

1. I undertake that I have carefully read and accept the Conditions of Business, Important Notices, Important Notices

about Bidding Registration, Important Notices about Payment and Important Notices about Storage, Collection,

Shipping and Export of Poly Auction (Hong Kong) published in the catalogue and agree to be bound by all the terms

of the above mentioned provisions.

2. ﬔ e disclaimer of absentee bid of the Conditions of Business of Poly Auction (Hong Kong) is indisputable, I shall not

seek to establish the relevant responsibilities of Poly Auction (Hong Kong) and its staff for unsuccessful bidding or

their inability to bid on my behalf regardless such is caused by negligence or other reasons.

3. I shall present this Absentee Bid Registration to Poly Auction (Hong Kong) at least three business days before the

Auction Day, and complete the bidding registration according to the conditions and procedures announced by Poly

Auction (Hong Kong). If Poly Auction (Hong Kong) has not received the amount corresponding to the Auction deposit

that I have paid or Poly Auction (Hong Kong) has not verifi ed and confi rmed it within the period stipulated, this form

shall be void.

4. ﬔ e contract between the Buyer and Seller shall be concluded upon the striking of hammer by the Auctioneer. If the

Lot is sold, I agree to pay in Hong Kong dollars the Hammer Price, a commission equivalent to 20% of the hammer

price of each lot and any Buyer's expenses within 7 calendar days (including the day of sale) from the day of sale.

Sale No. Lot No. Lot Description Highest Bid (excluding commission) for written bid /

Emergency bid (excluding commission) for phone bid #

HKD

HKD

HKD

HKD

HKD

POLY AUCTION (HONG KONG) LIMITED

("POLY AUCTION (HONG KONG)")

This Absentee bid registration must be sent to the customer service

department at least three business days before the Auction Day. Poly

Auction (Hong Kong) will confi rm receipt of your Absentee Bid Registration

by fax or recorded phone message etc. If you have not received defi nite

reply within one working day, please send in the form again.

□ WRITTEN BIDS

Bidding will be conducted at the lowest possible price. If appropriate, your

absentee bids will be roughly adjusted to the bidding increment of the

Auctioneer as close as possible.

"Buy" or unlimited bids will not be accepted and we do not accept "plus one"

bids. Please place bids in the same order as in the catalogue.

If Poly Auction (Hong Kong) receives two or more absentee bids at the same

bidding price, and during the Auction, such bidding prices are the highest

bids for that Lot, then that Lot will belong to the Bidder whose absentee bid

reaches Poly Auction (Hong Kong) fi rst.

ﬔ e Auctioneer can execute absentee bids directly on the Auction stage.

□ TELEPHONE BIDS

Please indicate clearly the instant communication methods and instruments

that you can be contacted during the auction period, we will phone you

before the bidding of the Lot that you intend to bid for, the bidding information

transmit by that instant communication instruments (whether or not it is

transmitted by you personally) shall be considered as transmitted by you,

and you shall bear all liability and responsibility (including but not limit legal

liability and responsibility) for the actions taken by it.

All telephone bids may be recorded and kept at Poly Auction (Hong

Kong)'s sole discretion, by opting for telephone bids, the Bidder agrees

that its phone conversation will be recorded.

Signature: Date:

□ I would like to receive the news for coming auction or events by email or message from Poly Hong Kong or Poly's group

□ I do not wish to receive the settlement advice by email

#important Note: If Poly HK staff is unable to contact you during the auction, the bid will be placed in accoedance with you listed emergency bid price

ID/PP: □ Provided □ ERP

Client No.

Personal Account Company Account

Name _________________________________

ID / Passport No.

Company Name

Business Registration No.

Address

City Country Postal Code

Tel #1 Tel #2 Fax

Email Preferred language

☐Authorization for Absentee Bid Registration: Name of Agent

ID / Passport No. Tel:

FOR OFFICE USE ONLY

Deposit payment: □ Wire Transfer □ Cashier Order □ Cheque □ Credit Cards (VISA, MASTER, CUP, AE)

Handled by Approved by Date / Time

Paddle No.: 中国拍卖行业概念股——保利文化 (3636·HK)

分公司、子公司及各地联络

保利香港拍卖有限公司

地址:金钟道 88 号太古广场一座 7 楼

电话:852-23039899

传真:852-23039888

Email: sale@polyauction.com.hk

保利澳门拍卖有限公司

地址:澳门宋玉生广场 336 号

诚丰商业中心 16 楼 G 座

电话:+853 2875 1013

传真:+853 2875 1014

保利拍卖上海办事处

张 瑾 曹欢欢 李嘉悦 朱莀飏

地址:延安中路 1111 号延安饭店 391 室

电话:86-21- 51780360

传真:86-21- 51780361

E-mail: shanghai@polyauction.com

保利拍卖台湾办事处

黄宏任 汪友文

地址:台北市中山区中山北路二段

39 巷 6 号 5 楼 ( 晶华酒店旁 )

电话:886-225224080

传真:886-225222595

E-mail: taiwan@polyauction.com

保利拍卖北美办事处

黄 健

地址:559 West 23rd Street,New

York 10011

电话:1-212-273-0822

E-mail: nyc@polyauction.com

保利拍卖日本办事处

风见治子 徐 楠

地址:东京都中央区银座 2 丁目 12-4-60

电话:81-3-6278-8011

传真:81-3-6278-8012

Email: polyauction2005@gmail.com

中国古董珍玩

E-mail: gd@polyauction.com

征集微信号:polygudong

行政部

总经理:付滢蓉

行政经理:许 昂

瓷器造像工艺品部

总经理:李嘉伟

高级业务经理:翟昊天 邹德馨

赵胤轩 李 莹

张毅博(铜镜)

业务经理:徐 雯

业务助理:廖海岚 杨圆通

E-mail: gd@polyauction.com

联系电话:(86-10) 64083090

古典家具文房部

总经理:郑 阳

高级业务经理:宫 诤(海外拓展)

麻 正(紫砂茶具)

业务助理:孟雅琪

E-mail: zhy@polyauction.com

联系电话:(86-10) 64083090

古董珍玩季拍部

总经理:李 屾

业务经理:文明远 李承隆

王井森 王新涛

业务助理:范博涵 陈 亮

E-mail: sijigudong@163.com

联系电话:(86-10) 64083098

中国书画

E-mail: sh@polyauction.com

联系电话:(86-10) 64083371

中国书画一部

总经理:罗汉松

高级业务经理:王高伟 李夺伦

业务经理:于振兰 肖明芳

业务助理:庄 原

联系电话:(86-10)64083377/3378

中国书画二部

总经理:胡志明

高级业务经理:王 浩 王建伟 刘晓洋

业务经理:孟 辉 陈 京

联系电话:(86-10) 64083363/3380

中国书画三部

总经理:陈媛媛

高级专家:罗戈弟

高级业务经理:王 辉

业务经理:胡天璧

业务助理:史 纪

联系电话:(86-10) 64083363/3380

行政助理:许 登 陈玉红

中国古代书画部(含古籍文献)

总经理:范长江

E-mail: gdsh@polyauction.com

联系电话:(86-10) 64083316

高级业务经理:王 健 任 星

陈智萌(古籍文献类)

赵绍华 孟兆波

业务经理:李修燕 刘锦锦 孟雪松

业务助理:薛 蕊 刘阳春

联系电话:(86-10) 64083314/3315

现当代艺术部

总经理:唐丽丽

E-mail: ddyh@polyauction.com

联系电话:(86-10) 64083337/3338

高级业务经理:田 恒 程海清 陈 洁

业务助理:蒋琪瑶 印 铭

陈潇雨 毛旻阳

珠宝钟表尚品部

总经理:陈 朣

E-mail:zb@polyauction.com

联系电话:(86-10) 64083306

高级业务经理:兰 晨

业务经理:冯成龙 张 周

于杨芳鑫 邢家赫

业务助理:董长保 杨琬澄 田羽洲

邮品钱币部

总经理:桑贯宇

E-mail: yp@polyauction.com

联系电话:(86-10) 64083510

业务经理:李海勇 马斯奇

业务助理:郗海娜 王心彤

名酒茗品部

总经理:陈零初 ( 兼 )

E-mail: zc@polyauction.com

联系电话:(86-10) 64083014

业务经理:王春华

网络拍卖部

主任助理:孟 超

E-mail: poly-online@polyauction.com

联系电话:15726691484

高级项目经理:杨 羽

项目经理:汪毅青

项目助理:张 宁 杨宝敬

康 铮 张 超

客户服务部

副主任:周彬芮

E-mail: vipservice@polyauction.com

联系电话:(86-10) 64083163/3164

客服手机:13716103261

项目经理:王俊淳

项目助理:周 建 陈 威 赵知谭

物管部

副主任:刘 琨

行政中心(含网拍及运输):范 畴

古董珍玩:牛吉刚

中国书画(含现当代艺术):

徐 路 盛 辉

中国古代书画(含古籍):郭 蒙

邮品钱币、珠宝及名酒茗品:铁 雷

古董珍玩季拍:张 彪

联系电话:(86-10) 64083070

财务部

主任:郭一霖

主任助理:宋秋红

E-mail: cwkf@polyauction.com

拍品结算:

王佳莹:(86-10) 64083161

董立仁:(86-10) 64083113

陶 蕊:(86-10) 64083166

张 璐:(86-10) 64083010

赵英琪:(86-10) 64083155

王慧敏:(86-10) 64083150

财务部传真:(86-10) 64083150

市场部

主任:孟 楠

E-mail: market@polyauction.com

联系电话:(86-10) 64083373

高级项目经理:赵 京 高树丰 郭 珽

项目经理:张雪婷 刘 允

项目助理:张潇文 张念宬

张晋博 姚 闻

办公室

副主任:胡向国 刘 超

E-mail: xingzheng@polyauction.com

联系电话:(86-10) 64083007

项目经理:郭安琪 吴 尧

项目助理:王少杰 董荣华 景建伟

董嫣然 孔 悦 杜 召

于 萌

党群(人事)工作部

主任:程 相

E-mail: chengxiang@polyauction.com

联系电话:(86-10) 64083085

审计专员:佟 璐

主任助理:刘 静 霍 健

项目经理:王 榕

项目助理:宋昕宸 张雁文 陈芸熙

艺术研究院

院长:霍文才

E-mail: yjy@polyauction.com

联系电话:(86-10) 64083050

高级项目经理:章之昊 徐向龙

项目经理:唐花玲

项目助理:贾国栋

总 经 理:王蔚 专职副书记:江林 副总经理:王红卫 副总经理:陈零初 副总经理:祖世龙 总会计师:郑华 中国古董珍玩艺术总监:李移舟 中国书画艺术总监:殷华杰 中国古代书画艺术总监:李雪松

保利 ( 厦门 ) 国际拍卖有限公司

陈 珊

地址:厦门市白鹭洲东路 86-3 号

电话:0592-5069988

传真:0592-5320009

保利 ( 山东 ) 国际拍卖有限公司

胡志明 姜 珂

地址:山东省潍坊市阳光 100 城市广场

12 号楼 2327

电话:0536-8392111

传真:0536-8392009

ABSENTEE BID REGISTRATION

Mail or Fax to:

Poly Auction (Hong Kong) Limited

Address: 701-708, 7/F, One Pacifi c Place

88 Queensway, Admiralty

Hong Kong

Phone: (852) 2303 9899

Fax: (852) 2303 9888

Bank: ﬔ e Hongkong and Shanghai Banking Corporation Limited

Account Name: Poly Auction (Hong Kong) Ltd.

Account No: 004-848-360475-838

SWIFT: HSBCHKHHHKH

Bank Code: 004

IMPORTANT REMINDER:

• Poly Auction (Hong Kong) does not accept any payment from any third parties (agent inclusive), nor cash in

excess of HK$80,000 (or its equivalent in other currencies), and that the invoice details cannot be changed

and/or amended aft er the end of the Auction.

• Please provide certifi ed true copies of the following documents:

o Individuals: photo identity i.e. national identity card and/or passport, proof of current address (if the

current address is not shown on the identity document), i.e. utility bill or bank statement.

o Corporate clients: a certifi cate of incorporation and offi cial documents listing directors and shareholders.

o Agents and/or Acting Personnel: photo identity of the agent and/or acting personnel, identity document

of the person/company that the agent and/or acting personnel acts on, original copy of signed and/or

chopped authorization letter from the particular person/ company. Please note that Poly Auction (Hong

Kong) Limited does not accept any payment from any third party and this also applies to agent. If you

participate in the bidding on behalf of others, Poly Auction (Hong Kong) only accepts the payment of the

principal.

• Poly Auction (Hong Kong) only accepts Absentee Bid Registration Form in this written format.

I hereby apply for and appoint Poly Auction (Hong Kong) to conduct bidding for the Property(ies) listed in

this Absentee bid registration, and agree to the following terms:

1. I undertake that I have carefully read and accept the Conditions of Business, Important Notices, Important Notices

about Bidding Registration, Important Notices about Payment and Important Notices about Storage, Collection,

Shipping and Export of Poly Auction (Hong Kong) published in the catalogue and agree to be bound by all the terms

of the above mentioned provisions.

2. ﬔ e disclaimer of absentee bid of the Conditions of Business of Poly Auction (Hong Kong) is indisputable, I shall not

seek to establish the relevant responsibilities of Poly Auction (Hong Kong) and its staff for unsuccessful bidding or

their inability to bid on my behalf regardless such is caused by negligence or other reasons.

3. I shall present this Absentee Bid Registration to Poly Auction (Hong Kong) at least three business days before the

Auction Day, and complete the bidding registration according to the conditions and procedures announced by Poly

Auction (Hong Kong). If Poly Auction (Hong Kong) has not received the amount corresponding to the Auction deposit

that I have paid or Poly Auction (Hong Kong) has not verifi ed and confi rmed it within the period stipulated, this form

shall be void.

4. ﬔ e contract between the Buyer and Seller shall be concluded upon the striking of hammer by the Auctioneer. If the

Lot is sold, I agree to pay in Hong Kong dollars the Hammer Price, a commission equivalent to 20% of the hammer

price of each lot and any Buyer's expenses within 7 calendar days (including the day of sale) from the day of sale.

Sale No. Lot No. Lot Description Highest Bid (excluding commission) for written bid /

Emergency bid (excluding commission) for phone bid #

HKD

HKD

HKD

HKD

HKD

POLY AUCTION (HONG KONG) LIMITED

("POLY AUCTION (HONG KONG)")

This Absentee bid registration must be sent to the customer service

department at least three business days before the Auction Day. Poly

Auction (Hong Kong) will confi rm receipt of your Absentee Bid Registration

by fax or recorded phone message etc. If you have not received defi nite

reply within one working day, please send in the form again.

□ WRITTEN BIDS

Bidding will be conducted at the lowest possible price. If appropriate, your

absentee bids will be roughly adjusted to the bidding increment of the

Auctioneer as close as possible.

"Buy" or unlimited bids will not be accepted and we do not accept "plus one"

bids. Please place bids in the same order as in the catalogue.

If Poly Auction (Hong Kong) receives two or more absentee bids at the same

bidding price, and during the Auction, such bidding prices are the highest

bids for that Lot, then that Lot will belong to the Bidder whose absentee bid

reaches Poly Auction (Hong Kong) fi rst.

ﬔ e Auctioneer can execute absentee bids directly on the Auction stage.

□ TELEPHONE BIDS

Please indicate clearly the instant communication methods and instruments

that you can be contacted during the auction period, we will phone you

before the bidding of the Lot that you intend to bid for, the bidding information

transmit by that instant communication instruments (whether or not it is

transmitted by you personally) shall be considered as transmitted by you,

and you shall bear all liability and responsibility (including but not limit legal

liability and responsibility) for the actions taken by it.

All telephone bids may be recorded and kept at Poly Auction (Hong

Kong)'s sole discretion, by opting for telephone bids, the Bidder agrees

that its phone conversation will be recorded.

Signature: Date:

□ I would like to receive the news for coming auction or events by email or message from Poly Hong Kong or Poly's group

□ I do not wish to receive the settlement advice by email

#important Note: If Poly HK staff is unable to contact you during the auction, the bid will be placed in accoedance with you listed emergency bid price

ID/PP: □ Provided □ ERP

Client No.

Personal Account Company Account

Name _________________________________

ID / Passport No.

Company Name

Business Registration No.

Address

City Country Postal Code

Tel #1 Tel #2 Fax

Email Preferred language

☐Authorization for Absentee Bid Registration: Name of Agent

ID / Passport No. Tel:

FOR OFFICE USE ONLY

Deposit payment: □ Wire Transfer □ Cashier Order □ Cheque □ Credit Cards (VISA, MASTER, CUP, AE)

Handled by Approved by Date / Time

Paddle No.: 中国拍卖行业概念股——保利文化 (3636·HK)

分公司、子公司及各地联络

保利香港拍卖有限公司

地址:金钟道 88 号太古广场一座 7 楼

电话:852-23039899

传真:852-23039888

Email: sale@polyauction.com.hk

保利澳门拍卖有限公司

地址:澳门宋玉生广场 336 号

诚丰商业中心 16 楼 G 座

电话:+853 2875 1013

传真:+853 2875 1014

保利拍卖上海办事处

张 瑾 曹欢欢 李嘉悦 朱莀飏

地址:延安中路 1111 号延安饭店 391 室

电话:86-21- 51780360

传真:86-21- 51780361

E-mail: shanghai@polyauction.com

保利拍卖台湾办事处

黄宏任 汪友文

地址:台北市中山区中山北路二段

39 巷 6 号 5 楼 ( 晶华酒店旁 )

电话:886-225224080

传真:886-225222595

E-mail: taiwan@polyauction.com

保利拍卖北美办事处

黄 健

地址:559 West 23rd Street,New

York 10011

电话:1-212-273-0822

E-mail: nyc@polyauction.com

保利拍卖日本办事处

风见治子 徐 楠

地址:东京都中央区银座 2 丁目 12-4-60

电话:81-3-6278-8011

传真:81-3-6278-8012

Email: polyauction2005@gmail.com

中国古董珍玩

E-mail: gd@polyauction.com

征集微信号:polygudong

行政部

总经理:付滢蓉

行政经理:许 昂

瓷器造像工艺品部

总经理:李嘉伟

高级业务经理:翟昊天 邹德馨

赵胤轩 李 莹

张毅博(铜镜)

业务经理:徐 雯

业务助理:廖海岚 杨圆通

E-mail: gd@polyauction.com

联系电话:(86-10) 64083090

古典家具文房部

总经理:郑 阳

高级业务经理:宫 诤(海外拓展)

麻 正(紫砂茶具)

业务助理:孟雅琪

E-mail: zhy@polyauction.com

联系电话:(86-10) 64083090

古董珍玩季拍部

总经理:李 屾

业务经理:文明远 李承隆

王井森 王新涛

业务助理:范博涵 陈 亮

E-mail: sijigudong@163.com

联系电话:(86-10) 64083098

中国书画

E-mail: sh@polyauction.com

联系电话:(86-10) 64083371

中国书画一部

总经理:罗汉松

高级业务经理:王高伟 李夺伦

业务经理:于振兰 肖明芳

业务助理:庄 原

联系电话:(86-10)64083377/3378

中国书画二部

总经理:胡志明

高级业务经理:王 浩 王建伟 刘晓洋

业务经理:孟 辉 陈 京

联系电话:(86-10) 64083363/3380

中国书画三部

总经理:陈媛媛

高级专家:罗戈弟

高级业务经理:王 辉

业务经理:胡天璧

业务助理:史 纪

联系电话:(86-10) 64083363/3380

行政助理:许 登 陈玉红

中国古代书画部(含古籍文献)

总经理:范长江

E-mail: gdsh@polyauction.com

联系电话:(86-10) 64083316

高级业务经理:王 健 任 星

陈智萌(古籍文献类)

赵绍华 孟兆波

业务经理:李修燕 刘锦锦 孟雪松

业务助理:薛 蕊 刘阳春

联系电话:(86-10) 64083314/3315

现当代艺术部

总经理:唐丽丽

E-mail: ddyh@polyauction.com

联系电话:(86-10) 64083337/3338

高级业务经理:田 恒 程海清 陈 洁

业务助理:蒋琪瑶 印 铭

陈潇雨 毛旻阳

珠宝钟表尚品部

总经理:陈 朣

E-mail:zb@polyauction.com

联系电话:(86-10) 64083306

高级业务经理:兰 晨

业务经理:冯成龙 张 周

于杨芳鑫 邢家赫

业务助理:董长保 杨琬澄 田羽洲

邮品钱币部

总经理:桑贯宇

E-mail: yp@polyauction.com

联系电话:(86-10) 64083510

业务经理:李海勇 马斯奇

业务助理:郗海娜 王心彤

名酒茗品部

总经理:陈零初 ( 兼 )

E-mail: zc@polyauction.com

联系电话:(86-10) 64083014

业务经理:王春华

网络拍卖部

主任助理:孟 超

E-mail: poly-online@polyauction.com

联系电话:15726691484

高级项目经理:杨 羽

项目经理:汪毅青

项目助理:张 宁 杨宝敬

康 铮 张 超

客户服务部

副主任:周彬芮

E-mail: vipservice@polyauction.com

联系电话:(86-10) 64083163/3164

客服手机:13716103261

项目经理:王俊淳

项目助理:周 建 陈 威 赵知谭

物管部

副主任:刘 琨

行政中心(含网拍及运输):范 畴

古董珍玩:牛吉刚

中国书画(含现当代艺术):

徐 路 盛 辉

中国古代书画(含古籍):郭 蒙

邮品钱币、珠宝及名酒茗品:铁 雷

古董珍玩季拍:张 彪

联系电话:(86-10) 64083070

财务部

主任:郭一霖

主任助理:宋秋红

E-mail: cwkf@polyauction.com

拍品结算:

王佳莹:(86-10) 64083161

董立仁:(86-10) 64083113

陶 蕊:(86-10) 64083166

张 璐:(86-10) 64083010

赵英琪:(86-10) 64083155

王慧敏:(86-10) 64083150

财务部传真:(86-10) 64083150

市场部

主任:孟 楠

E-mail: market@polyauction.com

联系电话:(86-10) 64083373

高级项目经理:赵 京 高树丰 郭 珽

项目经理:张雪婷 刘 允

项目助理:张潇文 张念宬

张晋博 姚 闻

办公室

副主任:胡向国 刘 超

E-mail: xingzheng@polyauction.com

联系电话:(86-10) 64083007

项目经理:郭安琪 吴 尧

项目助理:王少杰 董荣华 景建伟

董嫣然 孔 悦 杜 召

于 萌

党群(人事)工作部

主任:程 相

E-mail: chengxiang@polyauction.com

联系电话:(86-10) 64083085

审计专员:佟 璐

主任助理:刘 静 霍 健

项目经理:王 榕

项目助理:宋昕宸 张雁文 陈芸熙

艺术研究院

院长:霍文才

E-mail: yjy@polyauction.com

联系电话:(86-10) 64083050

高级项目经理:章之昊 徐向龙

项目经理:唐花玲

项目助理:贾国栋

总 经 理:王蔚 专职副书记:江林 副总经理:王红卫 副总经理:陈零初 副总经理:祖世龙 总会计师:郑华 中国古董珍玩艺术总监:李移舟 中国书画艺术总监:殷华杰 中国古代书画艺术总监:李雪松

保利 ( 厦门 ) 国际拍卖有限公司

陈 珊

地址:厦门市白鹭洲东路 86-3 号

电话:0592-5069988

传真:0592-5320009

保利 ( 山东 ) 国际拍卖有限公司

胡志明 姜 珂

地址:山东省潍坊市阳光 100 城市广场

12 号楼 2327

电话:0536-8392111

传真:0536-8392009

第223页

ABSENTEE BID REGISTRATION

Mail or Fax to:

Poly Auction (Hong Kong) Limited

Address: 701-708, 7/F, One Pacifi c Place

88 Queensway, Admiralty

Hong Kong

Phone: (852) 2303 9899

Fax: (852) 2303 9888

Bank: ﬔ e Hongkong and Shanghai Banking Corporation Limited

Account Name: Poly Auction (Hong Kong) Ltd.

Account No: 004-848-360475-838

SWIFT: HSBCHKHHHKH

Bank Code: 004

IMPORTANT REMINDER:

• Poly Auction (Hong Kong) does not accept any payment from any third parties (agent inclusive), nor cash in

excess of HK$80,000 (or its equivalent in other currencies), and that the invoice details cannot be changed

and/or amended aft er the end of the Auction.

• Please provide certifi ed true copies of the following documents:

o Individuals: photo identity i.e. national identity card and/or passport, proof of current address (if the

current address is not shown on the identity document), i.e. utility bill or bank statement.

o Corporate clients: a certifi cate of incorporation and offi cial documents listing directors and shareholders.

o Agents and/or Acting Personnel: photo identity of the agent and/or acting personnel, identity document

of the person/company that the agent and/or acting personnel acts on, original copy of signed and/or

chopped authorization letter from the particular person/ company. Please note that Poly Auction (Hong

Kong) Limited does not accept any payment from any third party and this also applies to agent. If you

participate in the bidding on behalf of others, Poly Auction (Hong Kong) only accepts the payment of the

principal.

• Poly Auction (Hong Kong) only accepts Absentee Bid Registration Form in this written format.

I hereby apply for and appoint Poly Auction (Hong Kong) to conduct bidding for the Property(ies) listed in

this Absentee bid registration, and agree to the following terms:

1. I undertake that I have carefully read and accept the Conditions of Business, Important Notices, Important Notices

about Bidding Registration, Important Notices about Payment and Important Notices about Storage, Collection,

Shipping and Export of Poly Auction (Hong Kong) published in the catalogue and agree to be bound by all the terms

of the above mentioned provisions.

2. ﬔ e disclaimer of absentee bid of the Conditions of Business of Poly Auction (Hong Kong) is indisputable, I shall not

seek to establish the relevant responsibilities of Poly Auction (Hong Kong) and its staff for unsuccessful bidding or

their inability to bid on my behalf regardless such is caused by negligence or other reasons.

3. I shall present this Absentee Bid Registration to Poly Auction (Hong Kong) at least three business days before the

Auction Day, and complete the bidding registration according to the conditions and procedures announced by Poly

Auction (Hong Kong). If Poly Auction (Hong Kong) has not received the amount corresponding to the Auction deposit

that I have paid or Poly Auction (Hong Kong) has not verifi ed and confi rmed it within the period stipulated, this form

shall be void.

4. ﬔ e contract between the Buyer and Seller shall be concluded upon the striking of hammer by the Auctioneer. If the

Lot is sold, I agree to pay in Hong Kong dollars the Hammer Price, a commission equivalent to 20% of the hammer

price of each lot and any Buyer's expenses within 7 calendar days (including the day of sale) from the day of sale.

Sale No. Lot No. Lot Description Highest Bid (excluding commission) for written bid /

Emergency bid (excluding commission) for phone bid #

HKD

HKD

HKD

HKD

HKD

POLY AUCTION (HONG KONG) LIMITED

("POLY AUCTION (HONG KONG)")

This Absentee bid registration must be sent to the customer service

department at least three business days before the Auction Day. Poly

Auction (Hong Kong) will confi rm receipt of your Absentee Bid Registration

by fax or recorded phone message etc. If you have not received defi nite

reply within one working day, please send in the form again.

□ WRITTEN BIDS

Bidding will be conducted at the lowest possible price. If appropriate, your

absentee bids will be roughly adjusted to the bidding increment of the

Auctioneer as close as possible.

"Buy" or unlimited bids will not be accepted and we do not accept "plus one"

bids. Please place bids in the same order as in the catalogue.

If Poly Auction (Hong Kong) receives two or more absentee bids at the same

bidding price, and during the Auction, such bidding prices are the highest

bids for that Lot, then that Lot will belong to the Bidder whose absentee bid

reaches Poly Auction (Hong Kong) fi rst.

ﬔ e Auctioneer can execute absentee bids directly on the Auction stage.

□ TELEPHONE BIDS

Please indicate clearly the instant communication methods and instruments

that you can be contacted during the auction period, we will phone you

before the bidding of the Lot that you intend to bid for, the bidding information

transmit by that instant communication instruments (whether or not it is

transmitted by you personally) shall be considered as transmitted by you,

and you shall bear all liability and responsibility (including but not limit legal

liability and responsibility) for the actions taken by it.

All telephone bids may be recorded and kept at Poly Auction (Hong

Kong)'s sole discretion, by opting for telephone bids, the Bidder agrees

that its phone conversation will be recorded.

Signature: Date:

□ I would like to receive the news for coming auction or events by email or message from Poly Hong Kong or Poly's group

□ I do not wish to receive the settlement advice by email

#important Note: If Poly HK staff is unable to contact you during the auction, the bid will be placed in accoedance with you listed emergency bid price

ID/PP: □ Provided □ ERP

Client No.

Personal Account Company Account

Name _________________________________

ID / Passport No.

Company Name

Business Registration No.

Address

City Country Postal Code

Tel #1 Tel #2 Fax

Email Preferred language

☐Authorization for Absentee Bid Registration: Name of Agent

ID / Passport No. Tel:

FOR OFFICE USE ONLY

Deposit payment: □ Wire Transfer □ Cashier Order □ Cheque □ Credit Cards (VISA, MASTER, CUP, AE)

Handled by Approved by Date / Time

Paddle No.: 中国拍卖行业概念股——保利文化 (3636·HK)

分公司、子公司及各地联络

保利香港拍卖有限公司

地址:金钟道 88 号太古广场一座 7 楼

电话:852-23039899

传真:852-23039888

Email: sale@polyauction.com.hk

保利澳门拍卖有限公司

地址:澳门宋玉生广场 336 号

诚丰商业中心 16 楼 G 座

电话:+853 2875 1013

传真:+853 2875 1014

保利拍卖上海办事处

张 瑾 曹欢欢 李嘉悦 朱莀飏

地址:延安中路 1111 号延安饭店 391 室

电话:86-21- 51780360

传真:86-21- 51780361

E-mail: shanghai@polyauction.com

保利拍卖台湾办事处

黄宏任 汪友文

地址:台北市中山区中山北路二段

39 巷 6 号 5 楼 ( 晶华酒店旁 )

电话:886-225224080

传真:886-225222595

E-mail: taiwan@polyauction.com

保利拍卖北美办事处

黄 健

地址:559 West 23rd Street,New

York 10011

电话:1-212-273-0822

E-mail: nyc@polyauction.com

保利拍卖日本办事处

风见治子 徐 楠

地址:东京都中央区银座 2 丁目 12-4-60

电话:81-3-6278-8011

传真:81-3-6278-8012

Email: polyauction2005@gmail.com

中国古董珍玩

E-mail: gd@polyauction.com

征集微信号:polygudong

行政部

总经理:付滢蓉

行政经理:许 昂

瓷器造像工艺品部

总经理:李嘉伟

高级业务经理:翟昊天 邹德馨

赵胤轩 李 莹

张毅博(铜镜)

业务经理:徐 雯

业务助理:廖海岚 杨圆通

E-mail: gd@polyauction.com

联系电话:(86-10) 64083090

古典家具文房部

总经理:郑 阳

高级业务经理:宫 诤(海外拓展)

麻 正(紫砂茶具)

业务助理:孟雅琪

E-mail: zhy@polyauction.com

联系电话:(86-10) 64083090

古董珍玩季拍部

总经理:李 屾

业务经理:文明远 李承隆

王井森 王新涛

业务助理:范博涵 陈 亮

E-mail: sijigudong@163.com

联系电话:(86-10) 64083098

中国书画

E-mail: sh@polyauction.com

联系电话:(86-10) 64083371

中国书画一部

总经理:罗汉松

高级业务经理:王高伟 李夺伦

业务经理:于振兰 肖明芳

业务助理:庄 原

联系电话:(86-10)64083377/3378

中国书画二部

总经理:胡志明

高级业务经理:王 浩 王建伟 刘晓洋

业务经理:孟 辉 陈 京

联系电话:(86-10) 64083363/3380

中国书画三部

总经理:陈媛媛

高级专家:罗戈弟

高级业务经理:王 辉

业务经理:胡天璧

业务助理:史 纪

联系电话:(86-10) 64083363/3380

行政助理:许 登 陈玉红

中国古代书画部(含古籍文献)

总经理:范长江

E-mail: gdsh@polyauction.com

联系电话:(86-10) 64083316

高级业务经理:王 健 任 星

陈智萌(古籍文献类)

赵绍华 孟兆波

业务经理:李修燕 刘锦锦 孟雪松

业务助理:薛 蕊 刘阳春

联系电话:(86-10) 64083314/3315

现当代艺术部

总经理:唐丽丽

E-mail: ddyh@polyauction.com

联系电话:(86-10) 64083337/3338

高级业务经理:田 恒 程海清 陈 洁

业务助理:蒋琪瑶 印 铭

陈潇雨 毛旻阳

珠宝钟表尚品部

总经理:陈 朣

E-mail:zb@polyauction.com

联系电话:(86-10) 64083306

高级业务经理:兰 晨

业务经理:冯成龙 张 周

于杨芳鑫 邢家赫

业务助理:董长保 杨琬澄 田羽洲

邮品钱币部

总经理:桑贯宇

E-mail: yp@polyauction.com

联系电话:(86-10) 64083510

业务经理:李海勇 马斯奇

业务助理:郗海娜 王心彤

名酒茗品部

总经理:陈零初 ( 兼 )

E-mail: zc@polyauction.com

联系电话:(86-10) 64083014

业务经理:王春华

网络拍卖部

主任助理:孟 超

E-mail: poly-online@polyauction.com

联系电话:15726691484

高级项目经理:杨 羽

项目经理:汪毅青

项目助理:张 宁 杨宝敬

康 铮 张 超

客户服务部

副主任:周彬芮

E-mail: vipservice@polyauction.com

联系电话:(86-10) 64083163/3164

客服手机:13716103261

项目经理:王俊淳

项目助理:周 建 陈 威 赵知谭

物管部

副主任:刘 琨

行政中心(含网拍及运输):范 畴

古董珍玩:牛吉刚

中国书画(含现当代艺术):

徐 路 盛 辉

中国古代书画(含古籍):郭 蒙

邮品钱币、珠宝及名酒茗品:铁 雷

古董珍玩季拍:张 彪

联系电话:(86-10) 64083070

财务部

主任:郭一霖

主任助理:宋秋红

E-mail: cwkf@polyauction.com

拍品结算:

王佳莹:(86-10) 64083161

董立仁:(86-10) 64083113

陶 蕊:(86-10) 64083166

张 璐:(86-10) 64083010

赵英琪:(86-10) 64083155

王慧敏:(86-10) 64083150

财务部传真:(86-10) 64083150

市场部

主任:孟 楠

E-mail: market@polyauction.com

联系电话:(86-10) 64083373

高级项目经理:赵 京 高树丰 郭 珽

项目经理:张雪婷 刘 允

项目助理:张潇文 张念宬

张晋博 姚 闻

办公室

副主任:胡向国 刘 超

E-mail: xingzheng@polyauction.com

联系电话:(86-10) 64083007

项目经理:郭安琪 吴 尧

项目助理:王少杰 董荣华 景建伟

董嫣然 孔 悦 杜 召

于 萌

党群(人事)工作部

主任:程 相

E-mail: chengxiang@polyauction.com

联系电话:(86-10) 64083085

审计专员:佟 璐

主任助理:刘 静 霍 健

项目经理:王 榕

项目助理:宋昕宸 张雁文 陈芸熙

艺术研究院

院长:霍文才

E-mail: yjy@polyauction.com

联系电话:(86-10) 64083050

高级项目经理:章之昊 徐向龙

项目经理:唐花玲

项目助理:贾国栋

总 经 理:王蔚 专职副书记:江林 副总经理:王红卫 副总经理:陈零初 副总经理:祖世龙 总会计师:郑华 中国古董珍玩艺术总监:李移舟 中国书画艺术总监:殷华杰 中国古代书画艺术总监:李雪松

保利 ( 厦门 ) 国际拍卖有限公司

陈 珊

地址:厦门市白鹭洲东路 86-3 号

电话:0592-5069988

传真:0592-5320009

保利 ( 山东 ) 国际拍卖有限公司

胡志明 姜 珂

地址:山东省潍坊市阳光 100 城市广场

12 号楼 2327

电话:0536-8392111

传真:0536-8392009

ABSENTEE BID REGISTRATION

Mail or Fax to:

Poly Auction (Hong Kong) Limited

Address: 701-708, 7/F, One Pacifi c Place

88 Queensway, Admiralty

Hong Kong

Phone: (852) 2303 9899

Fax: (852) 2303 9888

Bank: ﬔ e Hongkong and Shanghai Banking Corporation Limited

Account Name: Poly Auction (Hong Kong) Ltd.

Account No: 004-848-360475-838

SWIFT: HSBCHKHHHKH

Bank Code: 004

IMPORTANT REMINDER:

• Poly Auction (Hong Kong) does not accept any payment from any third parties (agent inclusive), nor cash in

excess of HK$80,000 (or its equivalent in other currencies), and that the invoice details cannot be changed

and/or amended aft er the end of the Auction.

• Please provide certifi ed true copies of the following documents:

o Individuals: photo identity i.e. national identity card and/or passport, proof of current address (if the

current address is not shown on the identity document), i.e. utility bill or bank statement.

o Corporate clients: a certifi cate of incorporation and offi cial documents listing directors and shareholders.

o Agents and/or Acting Personnel: photo identity of the agent and/or acting personnel, identity document

of the person/company that the agent and/or acting personnel acts on, original copy of signed and/or

chopped authorization letter from the particular person/ company. Please note that Poly Auction (Hong

Kong) Limited does not accept any payment from any third party and this also applies to agent. If you

participate in the bidding on behalf of others, Poly Auction (Hong Kong) only accepts the payment of the

principal.

• Poly Auction (Hong Kong) only accepts Absentee Bid Registration Form in this written format.

I hereby apply for and appoint Poly Auction (Hong Kong) to conduct bidding for the Property(ies) listed in

this Absentee bid registration, and agree to the following terms:

1. I undertake that I have carefully read and accept the Conditions of Business, Important Notices, Important Notices

about Bidding Registration, Important Notices about Payment and Important Notices about Storage, Collection,

Shipping and Export of Poly Auction (Hong Kong) published in the catalogue and agree to be bound by all the terms

of the above mentioned provisions.

2. ﬔ e disclaimer of absentee bid of the Conditions of Business of Poly Auction (Hong Kong) is indisputable, I shall not

seek to establish the relevant responsibilities of Poly Auction (Hong Kong) and its staff for unsuccessful bidding or

their inability to bid on my behalf regardless such is caused by negligence or other reasons.

3. I shall present this Absentee Bid Registration to Poly Auction (Hong Kong) at least three business days before the

Auction Day, and complete the bidding registration according to the conditions and procedures announced by Poly

Auction (Hong Kong). If Poly Auction (Hong Kong) has not received the amount corresponding to the Auction deposit

that I have paid or Poly Auction (Hong Kong) has not verifi ed and confi rmed it within the period stipulated, this form

shall be void.

4. ﬔ e contract between the Buyer and Seller shall be concluded upon the striking of hammer by the Auctioneer. If the

Lot is sold, I agree to pay in Hong Kong dollars the Hammer Price, a commission equivalent to 20% of the hammer

price of each lot and any Buyer's expenses within 7 calendar days (including the day of sale) from the day of sale.

Sale No. Lot No. Lot Description Highest Bid (excluding commission) for written bid /

Emergency bid (excluding commission) for phone bid #

HKD

HKD

HKD

HKD

HKD

POLY AUCTION (HONG KONG) LIMITED

("POLY AUCTION (HONG KONG)")

This Absentee bid registration must be sent to the customer service

department at least three business days before the Auction Day. Poly

Auction (Hong Kong) will confi rm receipt of your Absentee Bid Registration

by fax or recorded phone message etc. If you have not received defi nite

reply within one working day, please send in the form again.

□ WRITTEN BIDS

Bidding will be conducted at the lowest possible price. If appropriate, your

absentee bids will be roughly adjusted to the bidding increment of the

Auctioneer as close as possible.

"Buy" or unlimited bids will not be accepted and we do not accept "plus one"

bids. Please place bids in the same order as in the catalogue.

If Poly Auction (Hong Kong) receives two or more absentee bids at the same

bidding price, and during the Auction, such bidding prices are the highest

bids for that Lot, then that Lot will belong to the Bidder whose absentee bid

reaches Poly Auction (Hong Kong) fi rst.

ﬔ e Auctioneer can execute absentee bids directly on the Auction stage.

□ TELEPHONE BIDS

Please indicate clearly the instant communication methods and instruments

that you can be contacted during the auction period, we will phone you

before the bidding of the Lot that you intend to bid for, the bidding information

transmit by that instant communication instruments (whether or not it is

transmitted by you personally) shall be considered as transmitted by you,

and you shall bear all liability and responsibility (including but not limit legal

liability and responsibility) for the actions taken by it.

All telephone bids may be recorded and kept at Poly Auction (Hong

Kong)'s sole discretion, by opting for telephone bids, the Bidder agrees

that its phone conversation will be recorded.

Signature: Date:

□ I would like to receive the news for coming auction or events by email or message from Poly Hong Kong or Poly's group

□ I do not wish to receive the settlement advice by email

#important Note: If Poly HK staff is unable to contact you during the auction, the bid will be placed in accoedance with you listed emergency bid price

ID/PP: □ Provided □ ERP

Client No.

Personal Account Company Account

Name _________________________________

ID / Passport No.

Company Name

Business Registration No.

Address

City Country Postal Code

Tel #1 Tel #2 Fax

Email Preferred language

☐Authorization for Absentee Bid Registration: Name of Agent

ID / Passport No. Tel:

FOR OFFICE USE ONLY

Deposit payment: □ Wire Transfer □ Cashier Order □ Cheque □ Credit Cards (VISA, MASTER, CUP, AE)

Handled by Approved by Date / Time

Paddle No.: 中国拍卖行业概念股——保利文化 (3636·HK)

分公司、子公司及各地联络

保利香港拍卖有限公司

地址:金钟道 88 号太古广场一座 7 楼

电话:852-23039899

传真:852-23039888

Email: sale@polyauction.com.hk

保利澳门拍卖有限公司

地址:澳门宋玉生广场 336 号

诚丰商业中心 16 楼 G 座

电话:+853 2875 1013

传真:+853 2875 1014

保利拍卖上海办事处

张 瑾 曹欢欢 李嘉悦 朱莀飏

地址:延安中路 1111 号延安饭店 391 室

电话:86-21- 51780360

传真:86-21- 51780361

E-mail: shanghai@polyauction.com

保利拍卖台湾办事处

黄宏任 汪友文

地址:台北市中山区中山北路二段

39 巷 6 号 5 楼 ( 晶华酒店旁 )

电话:886-225224080

传真:886-225222595

E-mail: taiwan@polyauction.com

保利拍卖北美办事处

黄 健

地址:559 West 23rd Street,New

York 10011

电话:1-212-273-0822

E-mail: nyc@polyauction.com

保利拍卖日本办事处

风见治子 徐 楠

地址:东京都中央区银座 2 丁目 12-4-60

电话:81-3-6278-8011

传真:81-3-6278-8012

Email: polyauction2005@gmail.com

中国古董珍玩

E-mail: gd@polyauction.com

征集微信号:polygudong

行政部

总经理:付滢蓉

行政经理:许 昂

瓷器造像工艺品部

总经理:李嘉伟

高级业务经理:翟昊天 邹德馨

赵胤轩 李 莹

张毅博(铜镜)

业务经理:徐 雯

业务助理:廖海岚 杨圆通

E-mail: gd@polyauction.com

联系电话:(86-10) 64083090

古典家具文房部

总经理:郑 阳

高级业务经理:宫 诤(海外拓展)

麻 正(紫砂茶具)

业务助理:孟雅琪

E-mail: zhy@polyauction.com

联系电话:(86-10) 64083090

古董珍玩季拍部

总经理:李 屾

业务经理:文明远 李承隆

王井森 王新涛

业务助理:范博涵 陈 亮

E-mail: sijigudong@163.com

联系电话:(86-10) 64083098

中国书画

E-mail: sh@polyauction.com

联系电话:(86-10) 64083371

中国书画一部

总经理:罗汉松

高级业务经理:王高伟 李夺伦

业务经理:于振兰 肖明芳

业务助理:庄 原

联系电话:(86-10)64083377/3378

中国书画二部

总经理:胡志明

高级业务经理:王 浩 王建伟 刘晓洋

业务经理:孟 辉 陈 京

联系电话:(86-10) 64083363/3380

中国书画三部

总经理:陈媛媛

高级专家:罗戈弟

高级业务经理:王 辉

业务经理:胡天璧

业务助理:史 纪

联系电话:(86-10) 64083363/3380

行政助理:许 登 陈玉红

中国古代书画部(含古籍文献)

总经理:范长江

E-mail: gdsh@polyauction.com

联系电话:(86-10) 64083316

高级业务经理:王 健 任 星

陈智萌(古籍文献类)

赵绍华 孟兆波

业务经理:李修燕 刘锦锦 孟雪松

业务助理:薛 蕊 刘阳春

联系电话:(86-10) 64083314/3315

现当代艺术部

总经理:唐丽丽

E-mail: ddyh@polyauction.com

联系电话:(86-10) 64083337/3338

高级业务经理:田 恒 程海清 陈 洁

业务助理:蒋琪瑶 印 铭

陈潇雨 毛旻阳

珠宝钟表尚品部

总经理:陈 朣

E-mail:zb@polyauction.com

联系电话:(86-10) 64083306

高级业务经理:兰 晨

业务经理:冯成龙 张 周

于杨芳鑫 邢家赫

业务助理:董长保 杨琬澄 田羽洲

邮品钱币部

总经理:桑贯宇

E-mail: yp@polyauction.com

联系电话:(86-10) 64083510

业务经理:李海勇 马斯奇

业务助理:郗海娜 王心彤

名酒茗品部

总经理:陈零初 ( 兼 )

E-mail: zc@polyauction.com

联系电话:(86-10) 64083014

业务经理:王春华

网络拍卖部

主任助理:孟 超

E-mail: poly-online@polyauction.com

联系电话:15726691484

高级项目经理:杨 羽

项目经理:汪毅青

项目助理:张 宁 杨宝敬

康 铮 张 超

客户服务部

副主任:周彬芮

E-mail: vipservice@polyauction.com

联系电话:(86-10) 64083163/3164

客服手机:13716103261

项目经理:王俊淳

项目助理:周 建 陈 威 赵知谭

物管部

副主任:刘 琨

行政中心(含网拍及运输):范 畴

古董珍玩:牛吉刚

中国书画(含现当代艺术):

徐 路 盛 辉

中国古代书画(含古籍):郭 蒙

邮品钱币、珠宝及名酒茗品:铁 雷

古董珍玩季拍:张 彪

联系电话:(86-10) 64083070

财务部

主任:郭一霖

主任助理:宋秋红

E-mail: cwkf@polyauction.com

拍品结算:

王佳莹:(86-10) 64083161

董立仁:(86-10) 64083113

陶 蕊:(86-10) 64083166

张 璐:(86-10) 64083010

赵英琪:(86-10) 64083155

王慧敏:(86-10) 64083150

财务部传真:(86-10) 64083150

市场部

主任:孟 楠

E-mail: market@polyauction.com

联系电话:(86-10) 64083373

高级项目经理:赵 京 高树丰 郭 珽

项目经理:张雪婷 刘 允

项目助理:张潇文 张念宬

张晋博 姚 闻

办公室

副主任:胡向国 刘 超

E-mail: xingzheng@polyauction.com

联系电话:(86-10) 64083007

项目经理:郭安琪 吴 尧

项目助理:王少杰 董荣华 景建伟

董嫣然 孔 悦 杜 召

于 萌

党群(人事)工作部

主任:程 相

E-mail: chengxiang@polyauction.com

联系电话:(86-10) 64083085

审计专员:佟 璐

主任助理:刘 静 霍 健

项目经理:王 榕

项目助理:宋昕宸 张雁文 陈芸熙

艺术研究院

院长:霍文才

E-mail: yjy@polyauction.com

联系电话:(86-10) 64083050

高级项目经理:章之昊 徐向龙

项目经理:唐花玲

项目助理:贾国栋

总 经 理:王蔚 专职副书记:江林 副总经理:王红卫 副总经理:陈零初 副总经理:祖世龙 总会计师:郑华 中国古董珍玩艺术总监:李移舟 中国书画艺术总监:殷华杰 中国古代书画艺术总监:李雪松

保利 ( 厦门 ) 国际拍卖有限公司

陈 珊

地址:厦门市白鹭洲东路 86-3 号

电话:0592-5069988

传真:0592-5320009

保利 ( 山东 ) 国际拍卖有限公司

胡志明 姜 珂

地址:山东省潍坊市阳光 100 城市广场

12 号楼 2327

电话:0536-8392111

传真:0536-8392009

第232页

LOT 3325

第234页

LOT 3310

第236页

7TH FLOOR, ONE PACIFIC PLACE, 88 QUEENSWAY, ADMIRALTY, HONG KONG

香港金鐘金鐘道 88 號太古廣場 1 期 7 樓

+852 2303 9899

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