This auction is now finished. If you are interested in consigning in future auctions, please contact the
specialist department. If you have queries about lots purchased in this auction, please contact
client services.
You are advised to visit
www.bonhams.com for any additional information regarding auction 29997 which may have come to light for any Lot after producing the catalogue, which will be included in a "Sale Room Notice" accompanying each Lot.
This notice is addressed by Bonhams to any person who may be
interested in a Lot, including Bidders and potential Bidders (including
any eventual Buyer of the Lot). For ease of reference we refer to
such persons as “Bidders” or “you”.
Our List of Definitions and Glossary is incorporated into this
Notice to Bidders. It is at Appendix 3 at the back of the Catalogue.
Where words and phrases are used in this notice which are in the List
of Definitions, they are printed in italics.
IMPORTANT: Additional information applicable to the Sale may be
set out in the Catalogue for the Sale, in an insert in the Catalogue
and/or in a notice displayed at the Sale venue and you should read
them as well. Announcements affecting the Sale may also be given
out orally before and during the Sale without prior written notice. You
should be alert to this possibility of changes and ask in advance of
bidding if there have been any.
1. OUR ROLE
In its role as auctioneer of Lots, Bonhams acts solely for and in
the interests of the Seller. Bonhams’ job is to sell the Lot at the
highest price obtainable at the Sale to a Bidder. Bonhams does
not act for Buyers or Bidders in this role and does not give advice
to Buyers or Bidders. When it or its staff make statements about a
Lot or, if Bonhams provides a Condition Report on a Lot it is doing
that on behalf of the Seller of the Lot. Bidders and Buyers who are
themselves not expert in the Lots are strongly advised to seek and
obtain independent advice on the Lots and their value before bidding
for them.
The Seller has authorised Bonhams to sell the Lot as its agent on its
behalf and, save where we expressly make it clear to the contrary,
Bonhams acts only as agent for the Seller. Any statement or
representation we make in respect of a Lot is made on the Seller’s
behalf and, unless Bonhams sells a Lot as principal, not on our
behalf and any Contract for Sale is between the Buyer and the Seller
and not with us. If Bonhams sells a Lot as principal this will either
be stated in the Catalogue or an announcement to that effect will be
made by the Auctioneer, or it will be stated in a notice at the Sale or
an insert in the Catalogue.
Bonhams does not owe or undertake or agree to any duty or
responsibility to you in contract or tort (whether direct, collateral,
express, implied or otherwise). If you successfully bid for a Lot and
buy it, at that stage Bonhams does enter into an agreement with
the Buyer. The terms of that contract are set out in our Buyer’s
Agreement save for those varied by announcement given out orally
before and/or during the Sale, which you will find at Appendix 2 at
the back of the Catalogue. This will govern Bonhams’ relationship
with the Buyer.
2. LOTS
Subject to the Contractual Description printed in bold letters in
the Entry about the Lot in the Catalogue (see paragraph 3 below),
Lots are sold to the Buyer on an “as is” basis, with all faults and
imperfections. No reference is made in the Catelogue to any defect,
damage or restoration of the Lot. Please see paragraph 15.
Illustrations and photographs contained in the Catalogue (other
than photographs forming part of the Contractual Description) or
elsewhere of any Lots are for identification purposes only. They may
not reveal the true condition of the Lot. A photograph or illustration
may not reflect an accurate reproduction of the colour(s) of the Lot.
Lots are available for inspection prior to the Sale and it is for you to
satisfy yourself as to each and every aspect of a Lot, including its
authorship, attribution, condition, provenance, history, background,
authenticity, style, period, age, suitability, quality, roadworthiness
(if relevant), origin, value and estimated selling price (including the
Hammer price). It is your responsibility to examine any Lot in which
you are interested.
It should be remembered that the actual condition of a Lot may
not be as good as that indicated by its outward appearance. In
particular, parts may have been replaced or renewed and Lots may
not be authentic or of satisfactory quality; the inside of a Lot may
not be visible and may not be original or may be damaged, as for
example where it is covered by upholstery or material. Given the age
of many Lots they may have been damaged and/or repaired and you
should not assume that a Lot is in good condition.
Electronic or mechanical parts may not operate or may not comply
with current statutory requirements. You should not assume that
electrical items designed to operate on mains electricity will be
suitable for connection to the mains electricity supply and you should
obtain a report from a qualified electrician on their status before doing
so. Such items which are unsuitable for connection are sold as items
of interest for display purposes only.
If you yourself do not have expertise regarding a Lot, you should
consult someone who does to advise you. We can assist in
arranging facilities for you to carry out or have carried out more
detailed inspections and tests. Please ask our staff for details.
Any person who damages a Lot will be held liable for the loss
caused.
3. DESCRIPTIONS OF LOTS AND ESTIMATES
Contractual Description of a Lot
The Catalogue contains an Entry about each Lot. Each Lot is sold
by its respective Seller to the Buyer of the Lot as corresponding only
with that part of the Entry which is printed in bold letters and (except
for the colour, which may be inaccurately reproduced) with any
photograph of the Lot in the Catalogue. The remainder of the Entry,
which is not printed in bold letters, represents Bonhams’ opinion
(given on behalf of the Seller) about the Lot only and is not part of the
Contractual Description in accordance with which the Lot is sold by
the Seller.
Estimates
In most cases, an Estimate is printed beside the Entry. Estimates
are only an expression of Bonhams’ opinion made on behalf of the
Seller of the range where Bonhams thinks the Hammer Price for the
Lot is likely to fall; it is not an estimate of value. It does not take into
account any Tax or Buyer’s Premium payable. Lots can in fact sell for
Hammer Prices below and above the Estimate. Any Estimate should
not be relied on as an indication of the actual selling price or value of
a Lot.
Estimates are in the currency of the Sale.
Condition reports
In respect of most Lots, you may ask for a Condition Report on its
physical condition from Bonhams. If you do so, this will be provided
by Bonhams on behalf of the Seller free of charge. Bonhams is not
entering into a contract with you in respect of the Condition Report
and accordingly does not assume responsibility to you in respect
of it. Nor does the Seller owe or agree to owe you as a Bidder any
obligation or duty in respect of this free report about a Lot which
is available for your own inspection or for inspection by an expert
instructed by you. However, any written description of the physical
condition of the Lot contained in a Condition Report will form part of
the Contractual Description of the Lot under which it is sold to any
Buyer.
The Seller’s responsibility to you
The Seller does not make or agree to make any representation of
fact or contractual promise, guarantee or warranty and undertakes
no obligation or duty, whether in contract or in tort (other than to
the eventual Buyer as set out above), in respect of the accuracy or
completeness of any statement or representation made by him or
on his behalf which is in any way descriptive of any Lot or as to the
anticipated or likely selling price of any Lot. Other than as set out
above, no statement or representation in any way descriptive of a Lot
or any Estimate is incorporated into any Contract for Sale between a
Seller and a Buyer.
Bonhams’ responsibility to you
You have the opportunity of examining the Lot if you want to and the
Contract for Sale for a Lot is with the Seller and not with Bonhams;
Bonhams acts as the Seller’s agent only (unless Bonhams sells the
Lot as principal).
Bonhams undertakes no obligation to you to examine, investigate or
carry out any tests, either in sufficient depth or at all, on each Lot to
establish the accuracy or otherwise of any descriptions or opinions
given by Bonhams, or by any person on Bonhams’ behalf, whether in
the Catalogue or elsewhere.
You should not suppose that such examinations, investigations or
tests have occurred.
Bonhams does not make or agree to make any representation of
fact, and undertakes no obligation or duty (whether in contract or
tort) in respect of the accuracy or completeness of any statement or
representation made by Bonhams or on Bonhams’ behalf which is in
any way descriptive of any Lot or as to the anticipated or likely selling
price of any Lot.
No statement or representation by Bonhams or on its behalf in any
way descriptive of any Lot or any Estimate is incorporated into our
Buyer’s Agreement.
Alterations
Descriptions and Estimates may be amended at Bonhams’ discretion
from time to time by notice given orally or in writing before or during a
Sale.
THE LOT IS AVAILABLE FOR INSPECTION AND YOU MUST FORM
YOUR OWN OPINION IN RELATION TO IT. YOU ARE STRONGLY
ADVISED TO EXAMINE ANY LOT OR HAVE IT EXAMINED ON YOUR
BEHALF BEFORE THE SALE.
4. CONDUCT OF THE SALE
Our Sales are public auctions which persons may attend and you
should take the opportunity to do so.
We do reserve the right at our sole discretion to refuse admission
to our premises or to any Sale without stating a reason. We have
complete discretion as to whether the Sale proceeds, whether
any Lot is included in the Sale, the manner in which the Sale is
conducted and we may offer Lots for sale in any order we choose
notwithstanding the numbers given to Lots in the Catalogue. You
should therefore check the date and starting time of the Sale,
whether there have been any withdrawals or late entries. Remember
that withdrawals and late entries may affect the time at which a Lot
you are interested in is put up for Sale.
We have complete discretion to refuse any bid, to nominate any
bidding increment we consider appropriate, to divide any Lot, to
combine two or more Lots, to withdraw any Lot from a Sale and,
before the Sale has been closed, to put up any Lot for auction again.
Auction speeds can exceed 100 Lots to the hour and bidding
increments are generally about 10%. However these do vary from
Sale to Sale and from Auctioneer to Auctioneer. Please check with
the department organising the Sale for advice on this.
Where a Reserve has been applied to a Lot, the Auctioneer may, in
his absolute discretion, place bids (up to an amount not equalling
or exceeding such Reserve) on behalf of the Seller. We are not
responsible to you in respect of the presence or absence of any
Reserve in respect of any Lot.
If there is a Reserve it will normally be no higher than the lower figure
for any Estimate in the Catalogue, assuming that the currency of
the Reserve has not fluctuated adversely against the currency of the
Estimate.
The Buyer will be the Bidder who makes the highest bid acceptable
to the Auctioneer for any Lot (subject to any applicable Reserve) to
whom the Lot is knocked down by the Auctioneer at the striking of
the Auctioneer’s hammer. Any dispute as to the highest acceptable
bid will be settled by the Auctioneer in his absolute discretion.
All bids tendered will relate to the actual Lot number announced by
the Auctioneer.
An electronic currency converter may be used at the Sale. This
equipment is provided as a general guide as to the equivalent
amount in certain currencies of a given bid. We do not accept
any responsibility for any errors which may occur in the use of the
currency converter.
We hereby give you notice that we may use video cameras to record
the Sale and may record telephone calls for reasons of security and
to assist in solving any disputes which may arise in relation to bids
made at the Sale.
At some Sales, for example, jewellery Sales, we may use screens on
which images of the Lots will be projected. This service is provided
to assist viewing at the Sale. The image on the screen should be
treated as an indication only of the current Lot. It should be noted
that all bids tendered will relate to the actual Lot number announced
by the Auctioneer. We do not accept any responsibility for any errors
which may occur in the use of the screen.
5. BIDDING
You must complete and deliver to us one of our Bidding Forms,
either our Bidder Registration Form, Absentee Bidding Form or
Telephone Bidding Form in order to bid at our Sales.
If you are a new client at Bonhams or have not recently updated your
registration details with us, you must pre-register to bid at least two
working days before the Sale at which you wish to bid. You will be
required to provide government-issued proof of identity and
residence, and if you are a company, your certificate of incorporation
or equivalent documentation with your name and registered address,
government issued proof of your current address, documentary proof
of your beneficial owners and directors, and proof of authority to
transact.
We may also request a financial reference and /or deposit from you
before allowing you to bid.
We reserve the rights at our discretion to request further information
in order to complete our client identification and to decline to register
any person as a Bidder, and to decline to accept their bids if they
have been so registered. We also reserve the rights to postpone
completion of the Sale of any Lot at our discretion while we complete
our registration and identification enquiries, and to cancel the Sale of
any Lot if you are in breach of your warranties as Buyer, or if we
consider that such Sale would be unlawful or otherwise cause
liabilities for the Seller or Bonhams or be detrimental to Bonhams’
reputation.
Bidding in person
So long as you have pre-registered to bid or have updated your
existing registration recently, you should come to our Bidder
registration desk at the Sale venue and fill out a Registration and
Bidding Form on (or, if possible, before) the day of the Sale. The
bidding number system is sometimes referred to as “paddle bidding”.
You will be issued with a large card (a “paddle”) with a printed
number on it. This will be attributed to you for the purposes of the
Sale. Should you be a successful Bidder you will need to ensure that
your number can be clearly seen by the Auctioneer and that it is your
number which is identified as the Buyer’s. You should not let anyone
else use your paddle as all Lots will be invoiced to the name and
address given on your Bidder Registration Form. Once an invoice is
issued it will not be changed. If there is any doubt as to the Hammer
Price of, or whether you are the successful Bidder of, a particular Lot,
you must draw this to the attention of the Auctioneer before the next
Lot is offered for Sale. At the end of the Sale, or when you have
finished bidding please return your paddle to the Bidder registration
desk.
Bidding by telephone
If you wish to bid at the Sale by telephone, and have pre-registered
to bid or have updated your existing registration details recently,
please complete a Registration and Bidding Form, which is available
from our offices or in the Catalogue. Please then return it to the office
responsible for the Sale at least 24 hours in advance of the Sale. It is
your responsibility to check with our Bids Office that your bid has
been received. Telephone calls will be recorded. The telephone
bidding facility is a discretionary service offered at no additional
charge and may not be available in relation to all Lots. We will not be
responsible for bidding on your behalf if you are unavailable at the
time of the Sale or if the telephone connection is interrupted during
bidding. Please contact us for further details.
Bidding by post or fax
Absentee Bidding Forms can be found in the back of this Catalogue
and should be completed and sent to the office responsible for the
Sale, once you have pre-registered to bid or have updated your
existing registration details recently. It is in your interests to return
your form as soon as possible, as if two or more Bidders submit
identical bids for a Lot, the first bid received takes preference. In any
event, all bids should be received at least 24 hours before the start of
the Sale. Please check your Absentee Bidding Form carefully before
returning it to us, fully completed and signed by you. It is your
responsibility to check with our Bids Office that your bid has been
received. This additional service is complimentary and is confidential.
Such bids are made at your own risk and we cannot accept liability
for our failure to receive and/or place any such bids. All bids made on
your behalf will be made at the lowest level possible subject to
Reserves and other bids made for the Lot. Where appropriate your
bids will be rounded down to the nearest amount consistent with the
Auctioneer’s bidding increments. New Bidders must also provide
proof of identity and address when submitting bids. Failure to do this
will result in your bid not being placed.
Bidding via the internet
In order to bid online in a Sale, you must be 18 or over and you must
register to bid via the Bonhams App or www.bonhams.com. Once
you have registered, you should keep your account details strictly
confidential and not permit any third party to access your account on
your behalf or otherwise. You will be liable for any and all bids made
via your account. Please note payment must be made from a bank
account in the name of the registered bidder.
Individuals: Enter your full name, email, residential address, date of
birth and nationality and provide a valid credit card in your name
which will be verified via Stripe before you are able to bid. If your
credit card fails verification, you will not be permitted to bid and you
should contact Client Services for assistance. We may in addition
request a financial reference and/or deposit from you prior to letting
you bid. If you are bidding as agent on behalf of another party, you
agree: (i) to disclose this fact to Client Services; (ii) to provide such
information as we require to enable us to complete our identification
and anti-money laundering checks on that third party; and (ii) where
your bid is successful, you are jointly and severally liable with that
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HK/NTB/MAIN/6.2024
other party for the full amounts owing for the successful bid. Where
you are the successful bidder for any lot with a hammer price equal
to or in excess of £5,000/$10,000/HKD50,000/AUS$10,000
depending on the jurisdiction and currency of the Sale, and if you
have not provided such documents previously, you will be required to
upload or provide to Client Services your Government issued photo
ID and (if not on the ID) proof of your address before the lot can be
released to you. We reserve the right to request ID documentation
from any bidder or successful buyer regardless of these thresholds
and to refuse to release any purchased lot until such documentation
is provided.
Companies: You must select the option to set up a business account
and then provide your full name, email, residential address, date of
birth and the full name of the company. You must provide a credit
card for verification either in your name or the name of the company
but payment must be made from an account in the company’s name.
If your credit card fails verification, you will not be permitted to bid
and please contact Client Services for assistance. We may in
addition require a bank reference or deposit prior to letting you bid.
For all successful bids, we require the company’s Certificate of
Incorporation or equivalent documentation confirming the company’s
name and registered address, documentary proof of each beneficial
owner owning 25% or more of the company, and proof of your
authority to transact before the lot can be released to you.
We reserve the right to request any further information from any
bidder that we may require in order to carry out any identification,
anti-money laundering or anti-terrorism financing checks conducted
by us. We may at our discretion postpone or cancel your registration,
not permit you to bid and/or postpone or cancel completion of any
purchase you may make.
Bidding through an agent
Bids will be treated as placed exclusively by and on behalf of the
person named on the Bidding Form unless otherwise agreed by us in
writing in advance of the Sale. If you wish to bid on behalf of another
person (your principal) you must complete the pre-registration
requirements set out above both on your own behalf and with full
details of your principal, and we will require written confirmation from
the principal confirming your authority to bid.
You are specifically referred to your due diligence
requirements concerning your principal and their source of
funds, and the warranties you give in the event you are the
Buyer, which are contained in paragraph 3 of the Buyer’s
Agreement, set out at Appendix 2 at the back of the
Catalogue.
Nevertheless, as the Bidding Form explains, any person placing a bid
as agent on behalf of another (whether or not he has disclosed that
fact) will be jointly and severally liable with the principal to the Seller
and to Bonhams under any contract resulting from the acceptance of
a bid.
Equally, please let us know if you intend to nominate another person
to bid on your behalf at the Sale unless this is to be carried out by us
pursuant to a Telephone or Absentee Bidding Form that you have
completed. If we do not approve the agency arrangements in writing
before the Sale, we are entitled to assume that the person bidding at
the Sale is bidding on his own behalf. Accordingly, the person bidding
at the Sale will be the Buyer and will be liable to pay the Hammer
Price and Buyer’s Premium and associated charges. If we approve
the identity of your client in advance, we will be in a position to
address the invoice to your principal rather than you. We will require
proof of the agent’s client’s identity and residence in advance of any
bids made by the agent on his behalf. Please refer to our Conditions
of Business and contact our Customer Services Department for
further details.
Bonhams undertakes Customer Due Diligence (CDD) into its Sellers
and Buyers as required by the Money Laundering, Terrorist Financing
and Transfer of Funds (Information on the Payer) Regulations 2017
(“the Regulations”). Bonhams’ interpretation of the Regulations and
Treasury Approved industry Guidance is that CDD under the
Regulations is not required by Buyers into Sellers at Bonhams auctions
or vice versa.
6. CONTRACTS BETWEEN THE BUYER AND SELLER AND
THE BUYER AND BONHAMS
On the Lot being knocked down to the Buyer, a Contract for Sale
of the Lot will be entered into between the Seller and the Buyer on
the terms of the Contract for Sale set out in Appendix 1 at the back
of the Catalogue save for those varied by announcement given out
orally before and/or during the Sale. You will be liable to pay the
Purchase Price, which is the Hammer Price plus any Tax.
At the same time, a separate contract is also entered into between
us as auctioneers and the Buyer. This is our Buyer’s Agreement,
the terms of which are set out in Appendix 2 at the end of the
Catalogue. Please read the terms of the Contract for Sale and our
Buyer’s Agreement contained in the Catalogue in case you are the
successful Bidder. We may change the terms of either or both of these
agreements in advance of their being entered into, by setting out different
terms in the Catalogue and/or by placing an insert in the Catalogue and/
or by notices at the Sale venue and/or by oral announcements before and
during the Sale. You should be alert to this possibility of changes and ask
if there have been any.
7. BUYER’S PREMIUM AND OTHER CHARGES PAYABLE BY
THE BUYER
Under the Buyer’s Agreement, a premium (the Buyer’s
Premium) is payable to us by the Buyer in accordance with the terms
of the Buyer’s Agreement and at rates set out below, calculated by
reference to the Hammer Price and payable in addition to it. Storage
charges and Expenses are also payable by the Buyer as set out in the
Buyer’s Agreement.
For this Sale the following rates of Buyer’s Premium will be payable
by Buyers on each Lot purchased:
28% of the Hammer Price on the first HK$400,000; plus
27% of the Hammer Price from HK$400,001
and up to HK$7,500,000; plus
21% of the Hammer Price from HK$7,500,001
and up to HK$50,000,000; plus
14.5% of the Hammer Price above HK$50,000,000
A 3rd party bidding platform fee of 4% of the Hammer Price for
Buyers using the following bidding platforms will be added to the
invoices of successful Buyers - Invaluable; Live Auctioneers; The
Saleroom; Lot-tissimo.
8. TAX
The Hammer Price and the Buyer’s Premium payable by the Buyer
is exclusive of any goods or service tax or other Tax (whether
imposed by Hong Kong or otherwise). If any such Tax was to be paid
under Hong Kong laws or any other laws, the Buyer shall be solely
responsible to pay such Tax and at the rate and time as required by
the relevant law, or if such Tax is to be paid by us, we may add such
Tax to the Purchase Price payable by the Buyer.
9. PAYMENT
It is of critical importance that you ensure that you have
readily available funds to pay the Purchase Price and the
Buyer’s Premium (plus Tax and any other charges and
Expenses to us) in full before making a bid for the Lot. If you
are a successful Bidder, payment will be due to be made to
us by 4.30 pm on the second working day after the Sale so
that all sums are cleared by the seventh working day after
the Sale. Payment will have to be by one of the following
methods (all cheques should be made payable to Bonhams
(Hong Kong) Limited). Bonhams reserves the right to vary
the terms of payment at any time. Unless agreed by us
advance payments made by anyone other than the registered
buyer will not be accepted.
Bonhams’ preferred payment method is by
bank transfer
Bank transfer: you may electronically transfer funds to
our Client Account. If you do so, please quote your paddle
number and invoice number as the reference. Our Client
Account details are as follows:
Bank : HSBC
Address : Head Office
1 Queen’s Road Central, Hong Kong
Account Name: Bonhams (Hong Kong) Limited. -
Client A/C
Account Number: 808 870 174001
SWIFT Code: HSBCHKHHHKH
If paying by bank transfer, the amount received after the
deduction of any bank fees and/or conversion of the currency
of payment to Hong Kong dollars must not be less than
the Hong Kong dollars amount payable, as set out on the
invoice.
Hong Kong dollar personal cheque drawn on a Hong
Kong branch of a bank : all cheques must be cleared
before you can collect your purchases;
Bankers draft cheque: if you can provide suitable proof
of identity and we are satisfied as to the genuineness of the
draft or cheque, and that the funds have originated from your
own account, we will allow you to collect your purchases
immediately;
Cash: you may pay for Lots purchased by you at this Sale
with notes or coins in the currency in which the Sale is
conducted (but not any other currency) provided that the total
amount payable by you in respect of all Lots purchased by you at the
Sale does not exceed HK$80,000. If the amount
payable by you for Lots exceeds that sum, the balance must
be paid otherwise than in coins or notes;
Debit cards issued by a Hong Kong bank (EPS): there is no
additional charge for purchases made with these cards in person;
Credit cards: American Express, Visa and Mastercard only. There is
a HK$200,000 limit on payment value if payment is made in person.
Payment by telephone may also be accepted up to HK$50,000,
subject to appropriate verification procedures, although this facility
is not available for first time buyers. If the amount payable by you for
Lots exceeds that sum, the balance must be paid by other means.
China UnionPay (CUP) debit cards: There is no limit on payment
value if payment is made in person.
It maybe advisable to notify your card provider of your intended
purchase in advance to reduce delays caused by us having to seek
authority when you come to pay. If you have any questions with
regard to payment, please contact our
Customer Services Department.
10. COLLECTION AND STORAGE
The Buyer of a Lot will not be allowed to collect it until payment in full
and in cleared funds has been made (unless we have made a special
arrangement with the Buyer). Details relating to the collection of a
Lot, the storage of a Lot and our Storage Contractor after the Sale
are set out in the Buyer’s Agreement as set out in Appendix 2 of the
Catalogue.
11. SHIPPING
Please refer enquiries on this to our customer services department
dealing with the Sale.
12. EXPORT/TRADE RESTRICTIONS
It is your sole responsibility to comply with all Hong Kong export and
overseas import regulations relating to your purchases and also to
obtain any relevant export and/or import licence(s).
The need for export and import licences varies from country to
country and you should acquaint yourself with all relevant local
requirements and provisions.
The refusal of any import or export licence(s) or any delay in obtaining
such licence(s) shall not permit the rescission of any Sale nor allow any
delay in making full payment for the Lot.
13. CITES REGULATIONS
Buyers are advised to check the regulations applicable to Hong Kong
exportation and overseas importation when exporting any goods
from Hong Kong to the place of importation. Buyers should also
be aware that the export from Hong Kong of any items made of or
incorporating ivory, whalebone, tortoiseshell, rhinoceros horn, coral
and other restricted materials is prohibited unless a CITES export
licence is obtained from the Agriculture, Fisheries and Conservation
Department of Hong Kong. A period of 8 weeks may be required for
the purposes of obtaining such export licence.
Please note that Lots marked in the catalogue with a Y next to the
lot number contain one or more of the aforesaid restricted materials.
However, the omission of such letter Y does not automatically mean
that the Lot is not subject to CITES regulations. Buyers are advised
to obtain information from the relevant regulatory authorities regarding
export and import restrictions, requirements and costs prior to
bidding.
14. THE SELLERS AND/OR BONHAMS’ LIABILITY
Other than any liability of the Seller to the Buyer of a Lot under the
Contract for Sale, neither we nor the Seller are liable (whether in
negligence or otherwise) for any error or misdescription or omission
in any Description of a Lot or any Estimate in respect of it, whether
contained in the Catalogue or otherwise, whether given orally or
in writing and whether given before or during the Sale. Neither we
nor the Seller will be liable for any loss of Business, profits, revenue
or income, or for loss of reputation, or for disruption to Business
or wasted time on the part of management or staff, or for indirect
losses or consequential damages of any kind, irrespective in any
case of the nature, volume or source of the loss or damage alleged
to be suffered, and irrespective of whether the said loss or damage is
caused by or claimed in respect of any negligence, other tort, breach
of contract (if any) or statutory duty, restitutionary claim or otherwise.
In any circumstances where we and/or the Seller are liable in relation
to any Lot or any Description or Estimate made of any Lot, or the
conduct of any Sale in relation to any Lot, whether in damages,
for an indemnity or contribution, or for a restitutionary remedy or
otherwise, our and/or the Seller’s liability (combined, if both we and
the Seller are liable) will be limited to payment of a sum which will not
exceed by way of maximum the amount of the Purchase Price of the
Lot irrespective in any case of the nature, volume or source of any
loss or damage alleged to be suffered or sum claimed as due, and
irrespective of whether the liability arises from any negligence, other
tort, breach of contract (if any) or statutory duty or otherwise.
Nothing set out above will be construed as excluding or
restricting (whether directly or indirectly) our liability or excluding or
restricting any person’s rights or remedies in respect of (i) fraud,
or (ii) death or personal injury caused by our negligence (or by the
negligence of any person under our control or for whom we are legally
responsible), or (iii) acts or omissions for which we are liable under the
Occupiers Liability Ordinance (Chapter 314 of the Laws of Hong Kong),
or (iv) any other liability to the extent the same may not be excluded or
restricted as a matter of law or (v) our undertakings under paragraph 9
of the Buyer’s Agreement. The same applies in respect of the Seller,
as if references to us in this paragraph were substituted with references
to the Seller.
15. DAMAGE AND RESTORATION
Bidders should note that there is no reference to any defect, damage
or restoration in this Catalogue. A detailed Condition Report can
be provided by Bonhams up to 24 hours before the Sale. When
providing Condition Reports, we do not guarantee that there are
no other defects present which have not been mentioned. Bidders
should satisfy themselves by inspection, as to the condition of each
Lot. Please see the Contract for Sale printed in this Catalogue.
16. BOOKS
As stated above, all Lots are sold on an “as is” basis, subject to all
faults, imperfections and errors of Description save as set out below.
However, you will be entitled to reject a Book in the circumstances set
out in paragraph 11 of the Buyers Agreement. Please note that Lots
comprising printed Books, unframed maps and bound manuscripts
are not liable to VAT on the Buyer’s Premium.
17. CLOCKS AND WATCHES
All Lots are sold “as is”, and the absence of any reference to the
condition of a clock or watch does not imply that the Lot is in good
condition and without defects, repairs or restorations. Most clocks
and watches have been repaired in the course of their normal lifetime
and may now incorporate parts not original to them. Furthermore,
Bonhams makes no representation or warranty that any clock or
watch is in working order. As clocks and watches often contain fine
and complex mechanisms, Bidders should be aware that a general
service, change of battery or further repair work, for which the Buyer
is solely responsible, may be necessary. Bidders should be aware
that the importation of watches such as Rolex, Frank Muller and
Corum into the United States is highly restricted. These watches may
not be shipped to the USA and can only be imported personally.
18. JEWELLERY
Gemstones
Historically many gemstones have been subjected to a variety of
treatments to enhance their appearance. Sapphires and rubies are
routinely heat treated to improve their colour and clarity, similarly
emeralds are frequently treated with oils or resin for the same
purpose. Other treatments such as staining, irradiation or coating
may have been used on other gemstones. These treatments may be
permanent, whilst others may need special care or re-treatment over
the years to retain their appearance. Bidders should be aware that
Estimates assume that gemstones may have been subjected to such
treatments. A number of laboratories issue certificates that give
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HK/NTB/MAIN/6.2024
more detailed Descriptions of gemstones. However there may not be
consensus between different laboratories on the degrees, or types
of treatment for any particular gemstone. In the event that Bonhams
has been given or has obtained certificates for any Lot in the Sale
these certificates will be disclosed in the Catalogue. Although, as a
matter of policy, Bonhams endeavours to provide certificates from
recognised laboratories for certain gemstones, it is not feasible
to obtain certificates for each Lot. In the event that no certificate
is published in the Catalogue, Bidders should assume that the
gemstones may have been treated. Neither Bonhams nor the Seller
accepts any liability for contradictions or differing certificates obtained
by Buyers on any Lots subsequent to the Sale.
Estimated Weights
If a stone(s) weight appears within the body of the Description in
capital letters, the stone(s) has been unmounted and weighed by
Bonhams. If the weight of the stone(s) is stated to be approximate
and does not appear in capital letters, the stone(s) has been
assessed by us within its/their settings, and the stated weight is a
statement of our opinion only. This information is given as a guide
and Bidders should satisfy themselves with regard to this information
as to its accuracy.
Signatures
1. A diamond brooch, by Kutchinsky
When the maker’s name appears in the title, in Bonhams’ opinion
the piece is by that maker.
2. A diamond brooch, signed Kutchinsky
Has a signature that, in Bonhams’ opinion, is authentic but may
contain gemstones that are not original, or the piece may have been
altered.
3. A diamond brooch, mounted by Kutchinsky
Has been created by the jeweller, in Bonhams’ opinion, but using
stones or designs supplied by the client.
19. PICTURES
Explanation of Catalogue Terms
The following terms used in the Catalogue have the following
meanings but are subject to the general provisions relating to
Descriptions contained in the Contract for Sale:
• “Jacopo Bassano”: in our opinion a work by the artist. When the
artist’s forename(s) is not known, a series of asterisks, followed
by the surname of the artist, whether preceded by an initial or
not, indicates that in our opinion the work is by the artist named;
• “Attributed to Jacopo Bassano”: in our opinion probably a work
by the artist but less certainty as to authorship is expressed than
in the preceding category;
• “Studio/Workshop of Jacopo Bassano”: in our opinion a work by
an unknown hand in a studio of the artist which may or may not
have been executed under the artist’s direction;
• “Circle of Jacopo Bassano”: in our opinion a work by a hand
closely associated with a named artist but not necessarily his
pupil;
• “Follower of Jacopo Bassano”: in our opinion a work by a
painter working in the artist’s style, contemporary or nearly
contemporary, but not necessarily his pupil;
• “Manner of Jacopo Bassano”: in our opinion a work in the style of
the artist and of a later date;
• “After Jacopo Bassano”: in our opinion, a copy of a known work
of the artist;
• “Signed and/or dated and/or inscribed”: in our opinion the
signature and/or date and/or inscription are from the hand of the
artist;
• “Bears a signature and/or date and/or inscription”: in our opinion
the signature and/or date and/or inscription have been added by
another hand.
20. PORCELAIN AND GLASS
Damage and Restoration
For your guidance, in our Catalogues we detail, as far as practicable,
recorded all significant defects, cracks and restoration. Such
practicable Descriptions of damage cannot be definitive, and in
providing Condition Reports, we cannot Guarantee that there are
no other defects present which have not been mentioned. Bidders
should satisfy themselves by inspection, as to the condition of each
Lot. Please see the Contract for Sale printed in this Catalogue.
Because of the difficulty in determining whether an item of glass
has been repolished, in our Catalogues reference is only made to
visible chips and cracks. No mention is made of repolishing, severe
or otherwise.
21. WINE
Lots which are lying under Bond and those liable to VAT may not be
available for immediate collection.
Examining the wines
It is occasionally possible to provide a pre-Sale tasting for larger
parcels (as defined below). This is generally limited to more recent
and everyday drinking wines. Please contact the department for
details.
It is not our policy to inspect every unopened case. In the case of
wines older than 20 years the boxes will usually have been opened
and levels and appearance noted in the Catalogue where necessary.
You should make proper allowance for variations in ullage levels and
conditions of corks, capsules and labels.
Corks and Ullages
Ullage refers to the space between the base of the cork and the
wine. Ullage levels for Bordeaux shaped bottles are only normally
noted when below the neck and for Burgundy, Alsace, German
and Cognac shaped bottles when greater than 4 centimetres (cm).
Acceptable ullage levels increase with age; generally acceptable
levels are as follows:
Under 15 years old – into neck or less than 4cm
15 to 30 years old – top shoulder (ts) or up to 5cm
Over 30 years old – high shoulder (hs) or up to 6cm
It should be noted that ullages may change between publication
of the Catalogue and the Sale and that corks may fail as a result
of transporting the wine. We will only accept responsibility for
Descriptions of condition at the time of publication of the Catalogue
and cannot accept responsibility for any loss resulting from failure of
corks either before or after this point.
Options to buy parcels
A parcel is a number of Lots of identical size of the same wine,
bottle size and Description. The Buyer of any of these Lots has the
option to accept some or all of the remaining Lots in the parcel at the
same price, although such options will be at the Auctioneer’s sole
discretion. Absentee Bidders are, therefore, advised to bid on the
first Lot in a parcel.
Bottling Details and Case Terms
The following terms used in the Catalogue have the following
meanings:
CB – Château bottled
DB – Domaine bottled
EstB – Estate bottled
BB – Bordeaux bottled
BE – Belgian bottled
FB – French bottled
GB – German bottled
OB – Oporto bottled
UK – United Kingdom bottled
owc – original wooden case
iwc – individual wooden case
oc – original carton
SYMBOLS
THE FOLLOWING SYMBOLS ARE USED TO DENOTE
Y This lot contains one or more regulated plant or animal
species and is subject to CITES regulations. It is the buyer’s
responsibility to investigate such regulations and to obtain any
necessary import or export certificates. A buyer’s inability to
obtain such certificates cannot justify a delay in payment or
cancellation of a sale, see clause 13.
○ The Seller has been guaranteed a minimum price for the Lot,
either by Bonhams or a third party. This may take the form of
an irrevocable bid by a third party, who may make a financial
gain on a successful Sale or a financial loss if unsuccessful.
▲ Bonhams owns the Lot either wholly or partially or may
otherwise have an economic interest.
Ф This lot contains elephant ivory and is therefore subject to
CITES regulations.
Property containing African elephant ivory cannot be imported
to the USA. The EU and the UK have in place wide-ranging
restrictions on dealing with property containing elephant
ivory, including restrictions on import and/or export. It is a
buyer’s responsibility to obtain any export or import licences,
certifications and any other required documentation, where
applicable. Bonhams is not able to assist buyers with the
shipment of any lots containing elephant ivory into the US, the
UK or the EU. A buyer’s inability to export or import these lots
cannot justify a delay in payment or cancellation of a sale.
22. LANGUAGE
The Notice to Bidders is published in both Chinese and English.
If there is any dispute in its interpretation, the English version will
prevail.
DATA PROTECTION – USE OF YOUR INFORMATION
As a result of the services provided by us, we obtain personal data
about you (which expression for the purposes of this paragraph only
includes your employees and officers, if any). You agree to our use of
it as follows.
We may use your data to notify you about changes to our services
and to provide you with information about products or services that
you request from us or which we feel may be of interest to you. Data
about you may be analysed to identify your potential preferences for
these purposes. We may disclose your data to any member of our
group (which means our subsidiaries, our ultimate holding company
and its subsidiaries as defined in section 1159 and schedule 6 of the
Companies Act 2006, including any overseas subsidiary). Subject to
this, we will not disclose your data to any third party, but we may from
time to time provide you with information about goods and services
provided by third parties which we feel may be of interest to you. Any
member of our group may use your data for similar purposes.
We will keep your data for a period of five years from the date of
your last contact with us so as to simplify any future registration. The
data may be transferred to and stored outside Hong Kong, and you
agree to this transfer. You have the right to request us not to use your
information for these purposes by contacting Bonhams (Hong Kong)
Limited (which for the purpose of the Personal Data (Privacy) Ordinance
(Chapter 486 of the Laws of Hong Kong) is the data user) at Montpelier
Galleries, Montpelier Street, London, SW7 1HH, United Kingdom or by
e-mail at client.services@bonhams.com.
APPENDIX 1
CONTRACT FOR SALE
IMPORTANT: These terms may be changed in advance of the
Sale of the Lot to you, by the setting out of different terms in the
Catalogue for the Sale and/or by placing an insert in the Catalogue
and/or by notices at the Sale venue and/or by oral announcements
before and during the Sale at the Sale venue. You should be alert to
this possibility of changes and ask in advance of bidding if there have
been any.
UNDER THIS CONTRACT, THE SELLER’S LIABILITY IN RESPECT OF
THE QUALITY OF THE LOT, ITS FITNESS FOR ANY PURPOSE AND
ITS CONFORMITY WITH ANY DESCRITION IS LIMITED. YOU ARE
STRONGLY ADVISED TO EXAMINE THE LOT FOR YOURSELF AND/
OR OBTAIN AN INDEPENDENT EXAMINATION OF IT BEFORE YOU
BUY IT.
1 THE CONTRACT
1.1 These terms govern the Contract for Sale of the Lot by the
Seller to the Buyer.
1.2 The Definitions and Glossary contained in Appendix 3 in the
Catalogue are incorporated into this Contract for Sale and a
separate copy can also be provided by Bonhams on request.
Where words and phrases are used which are in the List of
Definitions in it, they are printed in italics.
1.3 Seller sells the Lot as the principal to the Contract for Sale,
such contract being made between the Seller and you
through Bonhams which acts in the sole capacity as the
Seller’s agent and not as an additional principal. However, if
the Catalogue states that Bonhams sells the Lot as principal,
or such a statement is made by an announcement by the
Auctioneer, or by a notice at the Sale, or an insert in the
Catalogue, then Bonhams is the Seller for the purposes of
this agreement.
1.4 The contract is made on the striking of the Auctioneer’s
hammer in respect of the Lot when it is knocked down to you.
2 SELLER’S UNDERTAKINGS
2.1 The Seller undertakes to you that:
2.1.1 The Seller is the owner of the Lot or is duly authorised to sell
the Lot by the owner;
2.1.2 save as disclosed in the Entry for the Lot in the Catalogue, the
Seller sells the Lot with full title guarantee or, where the Seller
is an executor, trustee, liquidator, receiver or administrator,
with whatever right, title or interest he may have in the Lot;
2.1.3 except where the Sale is by an executor, trustee, liquidator,
receiver or administrator the Seller is both legally entitled to
sell the Lot, and legally capable of conferring on you quiet
possession of the Lot
2.1.4 the Seller has complied with all requirements, legal or
otherwise, relating to any export or import of the Lot, and
all duties and Taxes in respect of the export or import of the
Lot have (unless stated to the contrary in the Catalogue or
announced by the Auctioneer) been paid and, so far as the
Seller is aware, all third parties have complied with such
requirements in the past;
2.1.5 subject to any alterations expressly identified as such made by
announcement or notice at the Sale venue or by the Notice to
Bidders or by an insert in the Catalogue, the Lot corresponds
with the Contractual Description of the Lot, being that part
of the Entry about the Lot in the Catalogue which is in bold
letters and (except for colour) with any photograph of the Lot
in the Catalogue and the contents of any Condition Report
which has been provided to the Buyer.
3 DESCRIPTIONS OF THE LOT
3.1 Paragraph 2.1.5 sets out what is the Contractual Description
of the Lot. In particular, the Lot is not sold as corresponding
with that part of the Entry in the Catalogue which is not
printed in bold letters, which merely sets out (on the Seller’s
behalf) Bonhams’ opinion about the Lot and which is not part
of the Contractual Description upon which the Lot is sold. Any
statement or representation other than that part of the Entry
referred to in paragraph 2.1.5 (together with any express
alteration to it as referred to in paragraph 2.1.5), including any
Description or Estimate, whether made orally or in writing,
including in the Catalogue or on Bonhams’ Website, or by
conduct, or otherwise, and whether by or on behalf of the
Seller or Bonhams and whether made prior to or during the
Sale, is not part of the Contractual Description upon which
the Lot is sold.
3.2 Except as provided in paragraph 2.1.5, the Seller does
not make or give and does not agree to make or give any
contractual promise, undertaking, obligation, guarantee,
warranty, or representation of fact, or undertake any duty of
care, in relation to any Description of the Lot or any Estimate
in relation to it, nor of the accuracy or completeness of any
Description or Estimate which may have been made by
or on behalf of the Seller including by Bonhams. No such
Description or Estimate is incorporated into this Contract for
Sale.
4 FITNESS FOR PURPOSE AND SATISFACTORY QUALITY
4.1 The Seller does not make and does not agree to make any
contractual promise, undertaking, obligation, guarantee,
warranty, or representation of fact in relation to the satisfactory
quality of the Lot or its fitness for any purpose.
4.2 The Seller will not be liable for any breach of any undertaking,
whether implied by the Sale of Goods Ordinance (Chapter 26
of the Laws of Hong Kong) or otherwise, as to the satisfactory
quality of the Lot or its fitness for any purpose.
5 RISK, PROPERTY AND TITLE
5.1 Risk in the Lot passes to you when it is knocked down to you
on the fall of the Auctioneer’s hammer in respect of the Lot.
The Seller will not be responsible thereafter for the Lot prior
to you collecting it from Bonhams or the Storage Contractor,
with whom you have separate contract(s) as Buyer. You will
indemnify the Seller and keep the Seller fully indemnified
from and against all claims, proceedings, costs, expenses
and losses arising in respect of any injury, loss and damage
caused to the Lot after the fall of the Auctioneer’s hammer
until you obtain full title to it.
5.2 Title to the Lot remains in and is retained by the Seller until
the Purchase Price and all other sums payable by you to
Bonhams in relation to the Lot have been paid in full to, and
received in cleared funds by, Bonhams.
6 PAYMENT
6.1 Your obligation to pay the Purchase Price arises when the
Lot is knocked down to you on the fall of the Auctioneer’s
hammer in respect of the Lot.
6.2 Time will be of the essence in relation to payment of the
Purchase Price and all other sums payable by you to
Bonhams. Unless agreed in writing with you by Bonhams
on the Seller’s behalf (in which case you must comply with
the terms of that agreement), all such sums must be paid
to Bonhams by you in the currency in which the Sale was
conducted by not later than 4.30pm on the second working
day following the Sale and you must ensure that the funds are
cleared by the seventh working day after the Sale. Payment
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HK/NTB/MAIN/6.2024
must be made to Bonhams by one of the methods stated
in the Notice to Bidders unless otherwise agreed with you
in writing by Bonhams. If you do not pay any sums due in
accordance with this paragraph, the Seller will have the rights
set out in paragraph 8 below.
7 COLLECTION OF THE LOT
7.1 Unless otherwise agreed in writing with you by Bonhams,
the Lot will be released to you or to your order only when
Bonhams has received cleared funds to the amount of the full
Purchase Price and all other sums owed by you to the Seller
and to Bonhams.
7.2 The Seller is entitled to withhold possession from you of any
other Lot he has sold to you at the same or at any other Sale
and whether currently in Bonhams’ possession or not until
payment in full and in cleared funds of the Purchase Price and
all other sums due to the Seller and/or Bonhams in respect of
the Lot.
7.3 You will collect and remove the Lot at your own expense
from Bonhams’ custody and/or control or from the Storage
Contractor’s custody in accordance with Bonhams’
instructions or requirements.
7.4 You will be wholly responsible for packing, handling and
transport of the Lot on collection and for complying with all
import or export regulations in connection with the Lot.
7.5 You will be wholly responsible for any removal, storage or
other charges or expenses incurred by the Seller if you do
not remove the Lot in accordance with this paragraph 7 and
will indemnify the Seller against all charges, costs, including
any legal costs and fees, expenses and losses suffered by
the Seller by reason of your failure to remove the Lot including
any charges due under any Storage Contract. All such sums
due to the Seller will be payable on demand.
8 FAILURE TO PAY FOR THE LOT
8.1 If the Purchase Price for a Lot is not paid to Bonhams in full
in accordance with the Contract for Sale the Seller will be
entitled, with the prior written agreement of Bonhams but
without further notice to you, to exercise one or more of the
following rights (whether through Bonhams or otherwise):
8.1.1 to terminate immediately the Contract for Sale of the Lot for
your breach of contract;
8.1.2 to re-sell the Lot by auction, private treaty or any other means
on giving seven days’ written notice to you of the intention to
resell;
8.1.3 to retain possession of the Lot;
8.1.4 to remove and store the Lot at your expense;
8.1.5 to take legal proceedings against you for any sum due under
the Contract for Sale and/or damages for breach of contract;
8.1.6 to be paid interest on any monies due (after as well as before
judgement or order) at the annual rate of 5% per annum
above the base rate of Standard Chartered Bank (Hong Kong)
Limited from time to time to be calculated on a daily basis
from the date upon which such monies become payable until
the date of actual payment;
8.1.7 to repossess the Lot (or any part thereof) which has not
become your property, and for this purpose you hereby grant
an irrevocable licence to the Seller by himself and to his
servants or agents to enter upon all or any of your premises
(with or without vehicles) during normal Business hours to
take possession of the Lot or part thereof;
8.1.8 to retain possession of any other property sold to you by the
Seller at the Sale or any other auction or by private treaty until
all sums due under the Contract for Sale shall have been paid
in full in cleared funds;
8.1.9 to retain possession of, and on three months’ written notice
to sell, Without Reserve, any of your other property in the
possession of the Seller and/or of Bonhams (as bailee for
the Seller) for any purpose (including, without limitation, other
goods sold to you) and to apply any monies due to you as a
result of such sale in satisfaction or part satisfaction of any
amounts owed to the Seller or to Bonhams; and
8.1.10 so long as such goods remain in the possession of the Seller
or Bonhams as its bailee, to rescind the contract for the Sale
of any other goods sold to you by the Seller at the Sale or at
any other auction or by private treaty and apply any monies
received from you in respect of such goods in part or full
satisfaction of any amounts owed to the Seller or to Bonhams
by you.
8.2 You agree to indemnify the Seller against all legal and other
costs of enforcement, all losses and other expenses and
costs (including any monies payable to Bonhams in order to
obtain the release of the Lot) incurred by the Seller (whether
or not court proceedings will have been issued) as a result
of Bonhams taking steps under this paragraph 8 on a full
indemnity basis together with interest thereon (after as well as
before judgement or order) at the rate specified in paragraph
8.1.6 from the date upon which the Seller becomes liable to
pay the same until payment by you.
8.3 On any re-sale of the Lot under paragraph 8.1.2, the Seller
will account to you in respect of any balance remaining from
any monies received by him or on his behalf in respect of the
Lot, after the payment of all sums due to the Seller and to
Bonhams, within 28 days of receipt of such monies by him or
on his behalf.
9 THE SELLER’S LIABILITY
9.1 The Seller will not be liable for any injury, loss or damage
caused by the Lot after the fall of the Auctioneer’s hammer in
respect of the Lot.
9.2 Subject to paragraphs 9.3 to 9.5 below, except for breach
of the express undertaking provided in paragraph 2.1.5,
the Seller will not be liable for any breach of any term that
the Lot will correspond with any Description applied to it
by or on behalf of the Seller, whether implied by the Sale of
Goods Ordinance (Chapter 26 of the Laws of Hong Kong) or
otherwise.
9.3 The Seller will not be liable (whether in negligence, other tort,
breach of contract or statutory duty or in restitution or under
the Misrepresentation Ordinance (Chapter 284 of the Laws of
Hong Kong), or in any other way) for any lack of conformity
with, or inaccuracy, error, misdescription or omission in any
Description of the Lot or any Entry or Estimate in relation to the
Lot made by or on behalf of the Seller (whether made in writing,
including in the Catalogue, or on the Website, or orally, or by
conduct or otherwise) and whether made before or after this
agreement or prior to or during the Sale.
9.4 The Seller will not be liable for any loss of Business, Business
profits or revenue or income or for loss of reputation or
for disruption to Business or wasted time on the part of
the Buyer or of the Buyer’s management or staff or, for
any indirect losses or consequential damages of any kind,
irrespective in any case of the nature, volume or source of
the loss or damage alleged to be suffered, and irrespective
of whether the said loss or damage is caused by or claimed
in respect of any negligence, other tort, breach of contract,
statutory duty, restitutionary claim or otherwise;
9.5 In any circumstances where the Seller is liable to you in
respect of the Lot, or any act, omission, statement, or
representation in respect of it, or this agreement or its
performance, and whether in damages, for an indemnity
or contribution or for a restitutionary remedy or in any way
whatsoever, the Seller’s liability will be limited to payment of a
sum which will not exceed by way of maximum the amount of
the Purchase Price of the Lot irrespective in any case of the
nature, volume or source of any loss or damage alleged to be
suffered or sum claimed as due, and irrespective of whether
the liability arises from any negligence, other tort, breach of
contract, statutory duty, bailee’s duty, restitutionary claim or
otherwise.
9.6 Nothing set out in paragraphs 9.1 to 9.5 above will be
construed as excluding or restricting (whether directly or
indirectly)any person’s liability or excluding or restricting any
person’s rights or remedies in respect of (i) fraud, or (ii) death
or personal injury caused by the Seller’s negligence (or any
person under the Seller’s control or for whom the Seller is
legally responsible), or (iii) acts or omissions for which the
Seller is liable under the Occupiers Liability Ordinance (Chapter
314 of the Laws of Hong Kong), or (iv) any other liability to
the extent the same may not be excluded or restricted as a
matter of law.
10 MISCELLANEOUS
10.1 You may not assign either the benefit or burden of the
Contract for Sale.
10.2 The Seller’s failure or delay in enforcing or exercising any
power or right under the Contract for Sale will not operate or
be deemed to operate as a waiver of his rights under it except
to the extent of any express waiver given to you in writing.
Any such waiver will not affect the Seller’s ability subsequently
to enforce any right arising under the Contract for Sale.
10.3 If either party to the Contract for Sale is prevented from
performing that party’s respective obligations under the
Contract for Sale by circumstances beyond its reasonable
control or if performance of its obligations would by
reason of such circumstances give rise to a significantly
increased financial cost to it, that party will not, for so long
as such circumstances prevail, be required to perform such
obligations. This paragraph does not apply to the obligations
imposed on you by paragraph 6.
10.4 Any notice or other communication to be given under the
Contract for Sale must be in writing and may be delivered by
hand or sent by first class post or air mail or fax transmission,
if to the Seller, addressed c/o Bonhams at its address or
fax number in the Catalogue (marked for the attention of
the Company Secretary), and if to you to the address or
fax number of the Buyer given in the Bidding Form (unless
notice of any change of address is given in writing). It is the
responsibility of the sender of the notice or communication to
ensure that it is received in a legible form within any applicable
time period.
10.5 If any term or any part of any term of the Contract for Sale
is held to be unenforceable or invalid, such unenforceability
or invalidity will not affect the enforceability and validity of the
remaining terms or the remainder of the relevant term.
10.6 References in the Contract for Sale to Bonhams will,
where appropriate, include reference to Bonhams’ officers,
employees and agents.
10.7 The headings used in the Contract for Sale are for
convenience only and will not affect its interpretation.
10.8 In the Contract for Sale “including” means “including, without
limitation”.
10.9 References to the singular will include reference to the plural
(and vice versa) and reference to any one gender will include
reference to the other genders.
10.10 Reference to a numbered paragraph is to a paragraph of the
Contract for Sale.
10.11 Save as expressly provided in paragraph 10.12 nothing in
the Contract for Sale confers (or purports to confer) on any
person who is not a party to the Contract for Sale any benefit
conferred by, or the right to enforce any term of, the Contract
for Sale.
10.12 Where the Contract for Sale confers an immunity from, and/or
an exclusion or restriction of, the responsibility and/or liability
of the Seller, it will also operate in favour and for the benefit of
Bonhams, Bonhams’ holding company and the subsidiaries
of such holding company and the successors and assignees
of Bonhams and of such companies and of any officer,
employee and agent of Bonhams and such companies, each
of whom will be entitled to avail itself of the same relevant
right at law.
11 GOVERNING LAW AND DISPUTE RESOLUTION
11.1 Law
All transactions to which this agreement applies and all
connected matters will be governed by and construed in
accordance with the laws of Hong Kong. Bonhams has a
disputes procedure in place
11.2 Language
The Contract for Sale is published in both Chinese and
English. If there is any dispute in its interpretation, the English
version will prevail.
APPENDIX 2
BUYER’S AGREEMENT
IMPORTANT: These terms may be changed in advance of the
sale of the Lot to you, by the setting out of different terms in the
Catalogue for the Sale and/or by placing an insert in the Catalogue
and/or by notices at the Sale venue and/or by oral announcements
before and during the Sale at the Sale venue. You should be alert to
this possibility of changes and ask in advance of bidding if there have
been any.
1 THE CONTRACT
1.1 These terms govern the contract between Bonhams
personally and the Buyer, being the person to whom a Lot
has been knocked down by the Auctioneer.
1.2 The Definitions and Glossary contained in Appendix
3 to the Catalogue for the Sale are incorporated into this
agreement and a separate copy can also be provided by us
on request. Where words and phrases which are defined
in the List of Definitions are used in this agreement, they are
printed in italics. Reference is made in this agreement to
information printed in the Notice to Bidders, printed at the
beginning of the Catalogue for the Sale, and where such
information is referred to it is incorporated into this agreement.
1.3 Except as specified in paragraph 4 of the Notice to Bidders
the Contract for Sale of the Lot between you and the Seller
is made on the fall of the Auctioneer’s hammer in respect of
the Lot, when it is knocked down to you and at that moment
a separate contract is also made between you and Bonhams
on the terms in this Buyer’s Agreement.
1.4 We act as agents for the Seller and are not answerable or
personally responsible to you for any breach of contract or
other default by the Seller, unless Bonhams sells the Lot as
principal.
1.5 Our personal obligations to you are governed by this
agreement and we agree, subject to the terms below, to the
following obligations:
1.5.1 we will, until the date and time specified in the Notice
to Bidders or otherwise notified to you, store the Lot in
accordance with paragraph 5;
1.5.2 subject to any power of the Seller or us to refuse to release
the Lot to you, we will release the Lot to you in accordance
with paragraph 4 once you have paid to us, in cleared funds,
everything due to us and the Seller;
1.5.3 we will provide a guarantee in the terms set out in paragraph 9.
1.6 We do not make or give and do not agree to make or give
any contractual promise, undertaking, obligation, guarantee,
warranty, representation of fact in relation to any Description
of the Lot or any Estimate in relation to it, nor of the accuracy
or completeness of any Description or Estimate which may
have been made by us or on our behalf or by or on behalf
of the Seller (whether made orally or in writing, including in
the Catalogue or on Bonhams’ Website, or by conduct, or
otherwise), and whether made before or after this agreement
or prior to or during the Sale. No such Description or Estimate
is incorporated into this agreement between you and us. Any
such Description or Estimate, if made by us or on our behalf,
was (unless Bonhams itself sells the Lot as principal) made as
agent on behalf of the Seller.
2 PERFORMANCE OF THE CONTRACT FOR SALE
You undertake to us personally that you will observe and
comply with all your obligations and undertakings to the Seller
under the Contract for Sale in respect of the Lot.
3 PAYMENT
3.1 Unless agreed in writing between you and us or as otherwise
set out in the Notice to Bidders, you must pay to us by not
later than 4.30pm on the second working day following the
Sale:
3.1.1 The Purchase Price for the Lot;
3.1.2 A Buyer’s Premium in accordance with the rates set out in the
Notice to Bidders on each lot, and
3.1.3 If the Lot is marked [AR], an Additional Premium which is
calculated and payable in accordance with the Notice to
Bidders together with VAT on that sum if applicable so that all
sums due to us are cleared funds by the seventh working day
after the Sale.
3.2 You must also pay us on demand any Expenses payable
pursuant to this agreement.
3.3 All payments to us must be made in the currency in which
the Sale was conducted, using, unless otherwise agreed by
us in writing, one of the methods of payment set out in the
Notice to Bidders. Our invoices will only be addressed to the
registered Bidder unless the Bidder is acting as an agent for a
named principal and we have approved that arrangement, in
which case we will address the invoice to the principal.
3.4 Unless otherwise stated in this agreement all sums payable to
us will be subject to the Tax at the appropriate rate and such
Tax will be payable by you on all such sums.
3.5 We may deduct and retain for our own benefit from
the monies paid by you to us the Buyer’s Premium, the
Commission payable by the Seller in respect of the Lot, any
Expenses and Tax and any interest earned and/or incurred
until payment to the Seller.
3.6 Time will be of the essence in relation to any payment payable
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HK/NTB/MAIN/6.2024
to us. If you do not pay the Purchase Price, or any other sum
due to us in accordance with this paragraph 3, we will have
the rights set out in paragraph 7 below.
3.7 Where a number of Lots have been knocked down to you,
any monies we receive from you will be applied firstly pro-rata
to pay the Purchase Price of each Lot and secondly pro-rata
to pay all amounts due to Bonhams.
4 COLLECTION OF THE LOT
4.1 Subject to any power of the Seller or us to refuse to release
the Lot to you, once you have paid to us, in cleared funds,
everything due to the Seller and to us, we will release the Lot
to you or as you may direct us in writing. The Lot will only be
released on production of a stamped, paid invoice, obtained
from our cashier’s office.
4.2 You must collect and remove the Lot at your own expense by
the date and time specified in the Notice to Bidders, or if no
date is specified by 4.30pm on the seventh day after the Sale.
4.3 For the period referred to in paragraph 4.2, the Lot can be
collected from the address referred to in the Notice to Bidders
for collection on the days and times specified in the Notice
to Bidders.Thereafter, the Lot may be removed elsewhere for
storage and you must enquire from us as to when and where
you can collect it, although this information will usually be set
out in the Notice to Bidders.
4.4 If you have not collected the Lot by the date specified in the
Notice to Bidders, you authorise us, acting as your agent
and on your behalf, to enter into a contract (the “Storage
Contract”) with the Storage Contractor for the storage of the
Lot on the then current standard terms and conditions agreed
between Bonhams and the Storage Contractor (copies of
which are available on request). If the Lot is stored at our
premises storage fees at our current daily rates (currently a
minimum of HK$50 plus Tax per Lot per day) will be payable
from the expiry of the period referred to in paragraph 4.2.
These storage fees form part of our Expenses.
4.5 Until you have paid the Purchase Price and any Expenses in
full the Lot will either be held by us as agent on behalf of the
Seller or held by the Storage Contractor as agent on behalf
of the Seller and ourselves on the terms contained in the
Storage Contract.
4.6 You undertake to comply with the terms of any Storage
Contract and in particular to pay the charges (and all costs
of moving the Lot into storage) due under any Storage
Contract. You acknowledge and agree that you will not be
able to collect the Lot from the Storage Contractor’s premises
until you have paid the Purchase Price, any Expenses and all
charges due under the Storage Contract.
4.7 You will be wholly responsible for packing, handling and
transport of the Lot on collection and for complying with all
import or export regulations in connection with the Lot.
4.8 You will be wholly responsible for any removal, storage,
or other charges for any Lot not removed in accordance
with paragraph 4.2, payable at our current rates, and any
Expenses we incur (including any charges due under the
Storage Contract), all of which must be paid by you on
demand and in any event before any collection of the Lot by
you or on your behalf.
5 STORING THE LOT
We agree to store the Lot until the earlier of your removal
of the Lot or until the time and date set out in the Notice to
Bidders (or if no date is specified, by 4.30pm on the seventh
day after the Sale) and, subject to paragraphs 6 and 10, to
be responsible as bailee to you for damage to or the loss
or destruction of the Lot (notwithstanding that it is not your
property before payment of the Purchase Price). If you do
not collect the Lot before the time and date set out in the
Notice to Bidders (or if no date is specified, by 4.30pm on
the seventh day after the Sale) we may remove the Lot to
another location, the details of which will usually be set out
in the Notice to Bidders. If you have not paid for the Lot in
accordance with paragraph 3, and the Lot is moved to any
third party’s premises, the Lot will be held by such third party
strictly to Bonhams’ order and we will retain our lien over
the Lot until we have been paid in full in accordance with
paragraph 3.
6 RESPONSIBILITY FOR THE LOT
6.1 Only on the payment of the Purchase Price to us will title in
the Lot pass to you. However under the Contract for Sale, the
risk in the Lot passed to you when it was knocked down to
you.
6.2 You are advised to obtain insurance in respect of the Lot as
soon as possible after the Sale.
7 FAILURE TO PAY OR TO REMOVE THE LOT AND PART
PAYMENTS
7.1 If all sums payable to us are not so paid in full at the time they
are due and/or the Lot is not removed in accordance with this
agreement, we will without further notice to you be entitled to
exercise one or more of the following rights (without prejudice
to any rights we may exercise on behalf of the Seller):
7.1.1 to terminate this agreement immediately for your breach of
contract;
7.1.2 to retain possession of the Lot;
7.1.3 to remove, and/or store the Lot at your expense;
7.1.4 to take legal proceedings against you for payment of any
sums payable to us by you (including the Purchase Price)
and/or damages for breach of contract;
7.1.5 to be paid interest on any monies due to us (after as well as
before judgement or order) at the annual rate of 5% per annum
above the base lending rate of Standard Chartered Bank (Hong
Kong) Limited from time to time to be calculated on a daily basis
from the date upon which such monies become payable until
the date of actual payment;
7.1.6 to repossess the Lot (or any part thereof) which has not
become your property, and for this purpose you hereby
grant an irrevocable licence to us, by ourselves, our servants
or agents, to enter upon all or any of your premises (with
or without vehicles) during normal business hours to take
possession of any Lot or part thereof;
7.1.7 to sell the Lot Without Reserve by auction, private treaty or
any other means on giving you three months written notice of
our intention to do so;
7.1.8 to retain possession of any of your other property in our
possession for any purpose (including, without limitation,
other goods sold to you or with us for sale) until all sums due
to us have been paid in full;
7.1.9 to apply any monies received from you for any purpose
whether at the time of your default or at any time there after in
payment or part payment of any sums due to us by you under
this agreement;
7.1.10 on three months’ written notice to sell, Without Reserve, any
of your other property in our possession or under our control
for any purpose (including other goods sold to you or with
us for sale) and to apply any monies due to you as a result of
such sale in payment or part payment of any amounts owed
to us;
7.1.11 refuse to allow you to register for a future Sale or to reject
a bid from you at any future Sale or to require you to pay
a deposit before any bid is accepted by us at any future
Sale in which case we will be entitled to apply such deposit
in payment or part payment, as the case may be, of the
Purchase Price of any Lot of which you are the Buyer.
7.2 You agree to indemnify us against all legal and other costs,
all losses and all other expenses (whether or not court
proceedings will have been issued) incurred by us as a result
of our taking steps under this paragraph 7 on a full indemnity
basis together with interest thereon (after as well as before
judgement or order) at the rate specified in paragraph 7.1.5
from the date upon which we become liable to pay the same
until payment by you.
7.3 If you pay us only part of the sums due to us such payment
shall be applied firstly to the Purchase Price of the Lot (or
where you have purchased more than one Lot pro-rata
towards the Purchase Price of each Lot) and secondly to the
Buyer’s Premium (or where you have purchased more than
one Lot pro-rata to the Buyer’s Premium on each Lot) and
thirdly to any other sums due to us.
7.4 We will account to you in respect of any balance we hold
remaining from any monies received by us in respect of any
sale of the Lot under our rights under this paragraph 7 after the
payment of all sums due to us and/or the Seller within 28 days
of receipt by us of all such sums paid to us.
8 CLAIMS BY OTHER PERSONS IN RESPECT OF THE
LOT
8.1 Whenever it becomes apparent to us that the Lot is the
subject of a claim by someone other than you and other than
the Seller (or that such a claim can reasonably be expected
to be made), we may, at our absolute discretion, deal with
the Lot in any manner which appears to us to recognise
the legitimate interests of ourselves and the other parties
involved and lawfully to protect our position and our legitimate
interests. Without prejudice to the generality of the discretion
and by way of example, we may:
8.1.1 retain the Lot to investigate any question raised or reasonably
expected by us to be raised in relation to the Lot; and/or
8.1.2 deliver the Lot to a person other than you; and/or
8.1.3 commence interpleader proceedings or seek any other order
of any court, mediator, arbitrator or government body; and/or
8.1.4 require an indemnity and/or security from you in return for
pursuing a course of action agreed to by you.
8.2 The discretion referred to in paragraph 8.1:
8.2.1 may be exercised at any time during which we have actual or
constructive possession of the Lot, or at any time after such
possession, where the cessation of such possession has occurred
by reason of any decision, order or ruling of any court, mediator,
arbitrator or government body; and
8.2.2 will not be exercised unless we believe that there exists a
serious prospect of a good arguable case in favour of the
claim.
9 FORGERIES
9.1 We undertake a personal responsibility for any Forgery in
accordance with the terms of this paragraph 9.
9.2 Paragraph 9 applies only if:
9.2.1 your name appears as the named person to whom the
original invoice was made out by us in respect of the Lot and
that invoice has been paid; and
9.2.2 you notify us in writing as soon as reasonably practicable after
you have become aware that the Lot is or may be a Forgery,
and in any event within one year after the Sale, that the Lot is
a Forgery; and
9.2.3 within one month after such notification has been given, you
return the Lot to us in the same condition as it was at the time
of the Sale, accompanied by written evidence that the Lot is
a Forgery and details of the Sale and Lot number sufficient to
identify the Lot.
9.3 Paragraph 9 will not apply in respect of a Forgery if:
9.3.1 the Entry in relation to the Lot contained in the Catalogue
reflected the then accepted general opinion of scholars and
experts or fairly indicated that there was a conflict of such
opinion or reflected the then current opinion of an expert
acknowledged to be a leading expert in the relevant field; or
9.3.2 it can be established that the Lot is a Forgery only by means
of a process not generally accepted for use until after the
date on which the Catalogue was published or by means of
a process which it was unreasonable in all the circumstances
for us to have employed.
9.4 You authorise us to carry out such processes and tests on
the Lot as we in our absolute discretion consider necessary
to satisfy ourselves that the Lot is or is not a Forgery.
9.5 If we are satisfied that a Lot is a Forgery we will (as principal)
purchase the Lot from you and you will transfer the title to
the Lot in question to us, with full title guarantee, free from
any liens, charges, encumbrances and adverse claims, in
accordance with the provisions of Sections 14(1) (a) and 14(1)
(b) of the Sale of Goods Ordinance (Chapter 26 of the Laws
of Hong Kong) and we will pay to you an amount equal to
the sum of the Purchase Price, Buyer’s Premium, Tax and
Expenses paid by you in respect of the Lot.
9.6 The benefit of paragraph 9 is personal to, and incapable of
assignment by, you.
9.7 If you sell or otherwise dispose of your interest in the Lot, all
rights and benefits under this paragraph will cease.
9.8 Paragraph 9 does not apply to a Lot made up of or including
a Chinese painting or Chinese paintings, a motor vehicle or
motor vehicles, a Stamp or Stamps or a Book or Books.
10 OUR LIABILITY
10.1 We will not be liable whether in negligence, other tort, breach
of contract or statutory duty or in restitution or under the
Misrepresentation Ordinance (Chapter 284 of the Laws of
Hong Kong) or in any other way for lack of conformity with
or any inaccuracy, error, misdescription or omission in any
Description of the Lot or any Entry or Estimate in respect of
it, made by us or on our behalf or by or on behalf of the Seller
(whether made in writing, including in the Catalogue, or on
the Bonhams’ Website, or orally, or by conduct or otherwise)
and whether made before or after this agreement or prior to
or during the Sale.
10.2 Our duty to you while the Lot is at your risk and/or your
property and in our custody and/or control is to exercise
reasonable care in relation to it, but we will not be responsible
for damage to the Lot or to other persons or things caused
by:
10.2.1 handling the Lot if it was affected at the time of sale to you by
woodworm and any damage is caused as a result of it being
affected by woodworm; or
10.2.2 changes in atmospheric pressure; nor will we be liable for:
10.2.3 damage to tension stringed musical instruments; or
10.2.4 damage to gilded picture frames, plaster picture frames or
picture frame glass; and if the Lot is or becomes dangerous,
we may dispose of it without notice to you in advance in any
manner we think fit and we will be under no liability to you for
doing so.
10.3 We will not be liable to you for any loss of Business, Business
profits, revenue or income or for loss of Business reputation
or for disruption to Business or wasted time on the part of the
Buyer’s management or staff or, if you are buying the Lot in the
course of a Business, for any indirect losses or consequential
damages of any kind, irrespective in any case of the nature,
volume or source of the loss or damage alleged to be suffered,
and irrespective of whether the said loss or damage is caused
by or claimed in respect of any negligence, other tort, breach of
contract, statutory duty, bailee’s duty, a restitutionary claim or
otherwise.
10.4 In any circumstances where we are liable to you in respect
of a Lot, or any act, omission, statement, representation in
respect of it, or this agreement or its performance, and whether
damages, for an indemnity or contribution or for a restitutionary
remedy or in any way whatsoever, our liability will be limited to
payment of a sum which will not exceed by way of maximum
the amount of the Purchase Price of the Lot plus Buyer’s
Premium (less any sum you maybe entitled to recover from
the Seller) irrespective in any case of the nature, volume or
source of any loss or damage alleged to be suffered or sum
claimed as due, and irrespective of whether the liability arises
from negligence, other tort, breach of contract, statutory duty,
bailee’s duty, a restitutionary claim or otherwise.
You may wish to protect yourself against loss by obtaining
insurance.
10.5 Nothing set out above will be construed as excluding or
restricting (whether directly or indirectly) any person’s liability
or excluding restricting any person’s rights or remedies in
respect of (i) fraud, or (ii) death or personal injury caused by
our negligence (or any person under our control or for whom
we are legally responsible), or (iii) acts or omissions for which
we are liable under the Occupiers Liability Ordinance (Chapter
314 of the Laws of Hong Kong) , or (iv) any other liability to the
extent the same may not be excluded or restricted as a matter
of law, or (v) under our undertaking in paragraph 9 of these
conditions.
11 MISCELLANEOUS
11.1 You may not assign either the benefit or burden of this
agreement.
11.2 Our failure or delay in enforcing or exercising any power or right
under this agreement will not operate or be deemed to operate
as a waiver of our rights under it except to the extent of any
express waiver given to you in writing. Any such waiver will not
affect our ability subsequently to enforce any right arising under
this agreement.
11.3 If either party to this agreement is prevented from performing
that party’s respective obligations under this agreement by
circumstances beyond its reasonable control or if performance
of its obligations would by reason of such circumstances give
rise to a significantly increased financial cost to it, that party will
not, for so long as such circumstances prevail, be required to
perform such obligations. This paragraph does not apply to the
obligations imposed on you by paragraph 3.
11.4 Any notice or other communication to be given under this
agreement must be in writing and may be delivered by hand
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HK/NTB/MAIN/6.2024
or sent by registered post or air mail or fax transmission (if to
Bonhams marked for the attention of the Company Secretary),
to the address or fax number of the relevant party given in the
Contract Form (unless notice of any change of address is given
in writing). It is the responsibility of the sender of the notice or
communication to ensure that it is received in a legible form
within any applicable time period.
11.5 If any term or any part of any term of this agreement is held to
be unenforceable or invalid, such unenforceability or invalidity
will not affect the enforceability and validity of the remaining
terms or the remainder of the relevant term.
11.6 References in this agreement to Bonhams will, where
appropriate, include reference to Bonhams’ officers, employees
and agents.
11.7 The headings used in this agreement are for convenience only
and will not affect its interpretation.
11.8 In this agreement “including” means “including, without
limitation”.
11.9 References to the singular will include reference to the plural
(and vice versa) and reference to any one gender will include
reference to the other genders.
11.10 Reference to a numbered paragraph is to a paragraph of this
agreement.
11.11 Save as expressly provided in paragraph 11.12 nothing in this
agreement confers (or purports to confer) on any person who
is not a party to this agreement any benefit conferred by, or the
right to enforce any term of, this agreement.
11.12 Where this agreement confers an immunity from, and/or an
exclusion or restriction of, the responsibility and/or liability of
Bonhams, it will also operate in favour and for the benefit of
Bonhams’ holding company and the subsidiaries of such holding
company and the successors and assigns of Bonhams and
of such companies and of any officer, employee and agent of
Bonhams and such companies, each of whom will be entitled to
avail itself of the same relevant right at law.
12 GOVERNING LAW
12.1 Law
All transactions to which this agreement applies and all
connected matters will be governed by and construed in
accordance with the laws of Hong Kong. Bonhams has a
disputes procedure in place.
12.2 Language
The Buyer’s Agreement is published in both Chinese and
English. If there is any dispute in its interpretation, the English
version will prevail.
DATA PROTECTION - USE OF YOUR INFORMATION
As a result of the services provided by us, we obtain personal data
about you (which expression for the purposes of this paragraph only
includes your employees and officers, if relevant). You agree to our use
of it as follows.
We may use your data to notify you about changes to our services
and to provide you with information about products or services that
you request from us or which we feel may be of interest to you. Data
about you may be analysed to identify your potential preferences for
these purposes. We may disclose your data to any member of our
group (which means our subsidiaries, our ultimate holding company
and its subsidiaries as defined in section 1159 and schedule 6 of the
Companies Act 2006, including any overseas subsidiary). Subject to
this, we will not disclose your data to any third party but we may from
time to time provide you with information about goods and services
provided by third parties which we feel may be of interest to you. Any
member of our group may use your data for similar purposes.
We will keep your data for a period of five years from the date of your
last contact with us so as to simplify any future registration. The data
may be transferred to and stored outside Hong Kong and you agree to
this transfer.
You have the right to request us not to use your information for these
purposes by contacting Bonhams (Hong Kong) Limited at Montpelier
Galleries, Montpelier Street, London, SW7 1HH, United Kingdom (which
for the purpose of the Personal Data (Privacy) Ordinance (Chapter
486 of the Laws of Hong Kong) is the data user) or by e-mail at client.
services@ bonhams.com.
APPENDIX 3
DEFINITIONS and GLOSSARY
Where these Definitions and Glossary are incorporated, the following
words and phrases used have (unless the context otherwise requires)
the meanings given to them below. The Glossary is to assist you to
understand words and phrases which have a specific legal meaning
with which you may not be familiar.
LIST OF DEFINITIONS
“Additional Premium” a premium, calculated in accordance with
the Notice to Bidders, to cover Bonhams’ expenses relating to the
payment of royalties under the Artists Resale Right Regulations
2006 which is payable by the Buyer to Bonhams on any Lot marked
[
AR] which sells for a Hammer Price which together with the Buyer’s
Premium (but excluding any VAT) equals or exceeds 1000 euros
(converted into the currency of the Sale using the European Central
Bank Reference rate prevailing on the date of the Sale).
“Auctioneer” the representative of Bonhams conducting the Sale.
“Bidder” a person who has completed a Bidding Form.
“Bidding Form” our Bidder Registration Form, our Absentee and
Telephone Bidding Form.
“Bonhams” Bonhams (Hong Kong) Limited or its successors or
assigns. Bonhams is also referred to in the Buyer’s Agreement, the
Conditions of Business and the Notice to Bidders by the words “we”,
“us” and “our”.
“Book” a printed book offered for sale at a specialist book sale.
“Business” includes any trade, business and profession.
“Buyer” the person to whom a Lot is knocked down by the
Auctioneer. The Buyer is also referred to in the Contract of Sale and
the Buyer’s Agreement by the words “you” and “your”.
“Buyer’s Agreement” the contract entered into by Bonhams with
the Buyer (see Appendix 2 in the Catalogue).
“Buyer’s Premium” the sum calculated on the Hammer Price at the
rates stated in the Notice to Bidders.
“Catalogue” the catalogue relating to the relevant Sale, including
any representation of the catalogue published on our Website.
“Commission” the commission payable by the Seller to Bonhams
calculated at the rates stated in the Contract Form.
“Condition Report” a report on the physical condition of a Lot
provided to a Bidder or potential Bidder by Bonhams on behalf of the
Seller.
“Consignment Fee” a fee payable to Bonhams by the Seller
calculated at rates set out in the Conditions of Business.
“Contract Form” the contract form, or vehicle entry form, as
applicable, signed by or on behalf of the Seller listing the Lots to be
offered for sale by Bonhams.
“Contract for Sale” the sale contract entered into by the Seller with
the Buyer (see Appendix 1 in the Catalogue).
“Contractual Description” the only description of the Lot (being
that part of the Entry about the Lot in the Catalogue which is in bold
letters, any photograph (except for the colour) and the contents of
any Condition Report) to which the Seller undertakes in the Contract
of Sale the Lot corresponds.
“Description” any statement or representation in any way descriptive
of the Lot, including any statement or representation relating to its
authorship, attribution, condition, provenance, authenticity, style,
period, age, suitability, quality, origin, value, estimated selling price
(including the Hammer Price).
“Entry” a written statement in the Catalogue identifying the Lot and
its lot number which may contain a description and illustration(s)
relating to the Lot.
“Estimate” a statement of our opinion of the range within which the
hammer is likely to fall.
“Expenses” charges and expenses paid or payable by Bonhams
in respect of the Lot including legal expenses, banking charges
and expenses incurred as a result of an electronic transfer of
money, charges and expenses for insurance, catalogue and other
reproductions and illustrations, any customs duties, advertising,
packing or shipping costs, reproductions rights’ fees, Taxes, levies,
costs of testing, searches or enquiries, preparation of the Lot for sale,
storage charges, removal charges or costs of collection from the
Seller as the Seller’s agents or from a defaulting Buyer, plus Tax.
“Forgery” an imitation intended by the maker or any other person to
deceive as to authorship, attribution, origin, authenticity, style, date,
age, period, provenance, culture, source or composition, which at
the date of the Sale had a value materially less than it would have
had if the Lot had not been such an imitation, and which is not stated
to be such an imitation in any description of the Lot. A Lot will not
be a Forgery by reason of any damage to, and/or restoration and/or
modification work (including repainting or over painting) having been
carried out on the Lot, where that damage, restoration or modification
work (as the case may be) does not substantially affect the identity of
the Lot as one conforming to the description of the Lot.
“Guarantee” the obligation undertaken personally by Bonhams to
the Buyer in respect of any Forgery and, in the case of specialist
Stamp Sales and/or specialist Book Sales, a Lot made up of a Stamp
or Stamps or a Book or Books as set out in the Buyer’s Agreement.
“Hammer Price” the price in the currency in which the Sale is
conducted at which a Lot is knocked down by the Auctioneer.
“Hong Kong” the Hong Kong Special Administrative Region of the
People’s Republic of China.
“Loss and Damage Warranty” means the warranty described in
paragraph 8.2.1 of the Conditions of Business.
“Loss and Damage Warranty Fee” means the fee described in
paragraph 8.2.3 of the Conditions of Business.
“Lot” any item consigned to Bonhams with a view to its sale at
auction or by private treaty (and reference to any Lot will include,
unless the context otherwise requires, reference to individual items
comprised in a group of two or more items offered for sale as one
lot).
“Motoring Catalogue Fee” a fee payable by the Seller to Bonhams
in consideration of the additional work undertaken by Bonhams in
respect of the cataloguing of motor vehicles and in respect of the
promotion of sales of motor vehicles.
“New Bond Street” means Bonhams’ saleroom at 101 New Bond
Street, London W1S 1SR.
“Notional Charges” the amount of Commission and Tax which
would have been payable if the Lot had been sold at the Notional
Price.
“Notional Fee” the sum on which the Consignment Fee payable to
Bonhams by the Seller is based and which is calculated according to
the formula set out in the Conditions of Business.
“Notional Price” the latest in time of the average of the high and
low estimates given by us to you or stated in the Catalogue or, if no
such estimates have been given or stated, the Reserve applicable to
the Lot.
“Notice to Bidders” the notice printed at the front of our
Catalogues.
“Purchase Price” the aggregate of the Hammer Price and Tax
on the Hammer Price. (where applicable) the Buyer’s Premium
and VAT on the Buyer’s Premium and any Expenses.
“Reserve” the minimum price at which a Lot may be sold (whether
at auction or by private treaty).
“Sale” the auction sale at which a Lot is to be offered for sale by
Bonhams.
“Sale Proceeds” the net amount due to the Seller from the sale
of a Lot, being the Hammer Price less the Commission, any Tax
chargeable thereon, Expenses and any other amount due to us in
whatever capacity and howsoever arising.
“Seller” the person who offers the Lot for sale named on the
Contract Form. Where the person so named identifies on the form
another person as acting as his agent, or where the person named
on the Contract Form acts as an agent for a principal (whether such
agency is disclosed to Bonhams or not), “Seller” includes both the
agent and the principal who shall be jointly and severally liable as
such. The Seller is also referred to in the Conditions of Business by
the words “you” and “your”.
“Specialist Examination” a visual examination of a Lot by a
specialist on the Lot.
“Stamp” means a postage stamp offered for sale at a Specialist
Stamp sale.
“Standard Examination” a visual examination of a Lot by a nonspecialist member of Bonhams’ staff.
“Storage Contract” means the contract described in paragraph
8.3.3 of the Conditions of Business or paragraph 4.4 of the Buyer’s
Agreement (as appropriate).
“Storage Contractor” means the company identified as such in the
Catalogue.
“Tax” means all taxes, charges, duties, imposts, fees, levies or other
assessments, and all estimated payments thereof, including without
limitation income, business profits, branch profits, excise, property,
sales, use, value added (VAT), environmental, franchise, customs,
import, payroll, transfer, gross receipts, withholding, social security,
unemployment taxes, as well as stamp duties and other costs,
imposed by the Hong Kong government applicable from time to time
and any interest and penalty relating to such taxes, charges, fees,
levies or other assessments.
“Terrorism” means any act or threatened act of terrorism, whether
any person is acting alone or on behalf of or in connection with any
organisation(s) and/or government(s), committed for political, religious
or ideological or similar purposes including, but not limited to, the
intention to influence any government and/or put the public or any
section of the public into fear.
“Trust Account” the bank account of Bonhams into which all relevant
sums received in respect of the Purchase Price of any Lot will be paid,
such account to be a distinct and separate account to Bonhams’
normal business bank account.
“Website” Bonhams website at www.bonhams.com.
“Withdrawal Notice” the Seller’s written notice to Bonhams
revoking Bonhams’ instructions to sell a Lot.
“Without Reserve” where there is no minimum price at which a Lot
may be sold (whether at auction or by private treaty).
GLOSSARY
The following expressions have specific legal meanings with which
you may not be familiar. The following glossary is intended to give
you an understanding of those expressions but is not intended to
limit their legal meanings:-
“artist’s resale right”: the right of the creator of a work of art to
receive a payment on sales of that work subsequent to the original
sale of that work by the creator of it as set out in the Artists Resale
Right Regulations 2006.
“bailee”: a person to whom goods are entrusted.
“indemnity”: an obligation to put the person who has the benefit
of the indemnity in the same position in which he would have been,
had the circumstances giving rise to the indemnity not arisen and the
expression “indemnify” is construed accordingly.
“interpleader proceedings”: proceedings in the Courts to
determine ownership or rights over a Lot.
“knocked down”: when a Lot is sold to a Bidder, indicated by the
fall of the hammer at the Sale.
“lien”: a right for the person who has possession of the Lot to retain
possession of it.
“risk”: the possibility that a Lot may be lost, damaged, destroyed,
stolen, or deteriorate in condition or value.
“title”: the legal and equitable right to the ownership of a Lot.
“tort”: a legal wrong done to someone to whom the wrong doer has
a duty of care.
SALE OF GOODS ORDINANCE (Chapter 26 of the Laws of
Hong Kong)
The following is an extract from the Sale of Goods Ordinance (Chapter
26 of the Laws of Hong Kong):
“Section 14 Implied undertaking as to title etc.
(1) In every contract of sale, other than one to which subsection
(2) applies, there is-
(a) an implied condition on the part of the seller that in the
case of the sale, he has a right to sell the goods, and in the
case of an agreement to sell, he will have a right to sell the
goods at the time when the property is to pass; and
(b) an implied warranty that the goods are free, and will remain
free until the time when the property is to pass, from any
charge or encumbrance not disclosed or known to the buyer
before the contract is made and that the buyer will enjoy quiet
possession of the goods except so far as it may be disturbed
by the owner or other person entitled to the benefit of any
charge or encumbrance so disclosed or known.
(2) In a contract of sale, in the case of which there appears from
the contract or is to be inferred from the circumstances of
the contract an intention that the seller should transfer only
such title as he or a third person may have, there is-
(a) an implied warranty that all charges or encumbrances
known to the seller and not known to the buyer have been
disclosed to the buyer before the contract is made; and
(b) an implied warranty that neither-
(i) the seller; nor
(ii) in a case where the parties to the contract intend that
the seller should transfer only such title as a third person
may have, that person; nor
(iii) anyone claiming through or under the seller or
that third person otherwise than under a charge or
encumbrance disclosed or known to the buyer before the
contract is made, will disturb the buyer’s quiet possession
of the goods.
See Full Terms And Conditions