Chinese Painting and Antiques

Part I General Provisions Article These rules are based on the laws, regulations and regulations of the Republic of China and are formulated in accordance with internationally accepted practices. Buyers and sellers must carefully read the terms and conditions and be responsible for the actions they perform. Bidding in the auction of the company indicates that the bidder agrees to be bound by this auction rule. Second It is stated that the company is the agent of the seller. When the highest bid of the bidder in the public auction activity of the company is confirmed by the auctioneer or by other public means of purchase, the relationship between the seller and the auction sale contract has been legally effective. The bidder becomes the buyer of the auction item. Therefore, the legal consequences are the responsibility of the seller and the buyer. The company is not responsible for any breach of contract by the seller or buyer. Article 3 Explanation of terms In the auction rules, the following terms have the following meanings: 1. ?Company? means Haoyu Auction Co., Ltd. located in Taipei; 2. ?Bidders? means participating in the auction activities of the company, with ID card or passport 3. The person or organization that has registered and completed the necessary formalities to obtain the legal bidding rights; 3. ?Buyer? means the highest bidder accepted by the auctioneer on site; 4. ?Auction item? means the item auctioned by the company for this time. The auction catalogue contains any item number; 5. ?Seller? means the owner of the item or its agent who entrusts the company to auction the item or the person entitled to keep the item; 6. ?The transaction price? means the auction The official site determines the price of an item; if it is sold after the auction, it is the price agreed by the company; 7. ?Bottom price? means the lowest price of the auction appointed by the seller in writing by the company; 8. ?Auction ?Day? means the date on which the Company officially announces the auction transaction. ? Part II Terms of the Buyer Article 4 Bidders and Buyers 1. Unless the company approves in writing that a bidder is a buyer agent who indicates his identity, the bidder shall be deemed to be the buyer himself. . 2. If the bidder is a natural person, the relevant documents should be filled in and signed with the photo identification document or passport before the auction day; if the bidder is a company or other organization, the bidding number should be obtained with valid registration documents before the auction day. brand. The company may require bidders to produce bank information or other financial certificates for payment. Article 5 Bidding No. 1. The Company may announce the conditions and procedures for bidding for bidding cards before the auction day according to different auction conditions and auction methods, including but not limited to the qualification conditions for bidders to apply for bidding plates. 2. The bidding number plate is the only certificate for the bidder to participate in the on-site bidding. Any bidding behavior carried out by the bidding number in the auction activity is regarded as the bidding registrant's own behavior, and the bidder should bear legal responsibility for the behavior. . Bidders should keep it safely and must not lend the bidding card to others. Once lost, it should be immediately terminated in the written form approved by the company. Continued, and the auctioneer announced on the scene that the bidding plate was invalid. The company solemnly reminds that bidders should keep it safely and must not lend the bidding number to others. Once lost, you should immediately report the loss in writing in a written manner approved by the company. ? Article 6 Entrusted bidding 1. Bidders should bid in person. If they are unable to attend, they can entrust the company to act in writing. However, the company and its staff are not responsible for any negligence or negligence in the bidding process. The bidder shall name the contact telephone at the time of the auction at the time of the authorization. 2. The procedures for entrusting the company to bid should be submitted to the company in writing no later than twenty-four hours before the auction date, and will be paid 30% of the total amount of the entrusted price. If the deposit is not paid within the time limit, the entrusted authorization will not take effect. 3. In view of the fact that the entrusted bidding is a free service provided by the company for bidders to pass the bidding information, the company and its staff are not successful in bidding, any omissions, omissions, negligence, negligence or failure to act on behalf of the bidding process. Bidding does not assume any responsibility. 4. If the Company receives the same bidding price for multiple auctions for an auction item, and at the time of auction, the bid price is the highest bid price of the auction item, and will be the first to handle the bidding process with the company. For buyers of auction items. ? Article 7 Margin 1. The bidder should pay a deposit of NT$10,000 before receiving the bid number plate, and the foreigner must pay a deposit of RMB 2,500. 2. If the bidder fails to purchase the auction item, the above deposit will be refunded to the bidder in full within five working days after the auction ends; if the bidder purchases the auction item, it will be part of the purchase price. If there is a balance, it will be refunded when the bidder receives the auction item. ? Article 8 Catalogue and other descriptions 1. The company's relevant texts, valuations, pictures and other forms of video products and publicity materials in the auction catalogue or any other media are for reference only by bidders and may be revised before the auction. The company guarantees the authenticity, value, color, texture and defects of the auction items. 2. For the technical reasons such as printing or photography, the color, color, shape, etc. of the auction item in the catalogue and / or any other form of graphic, video products and promotional materials are inaccurate with the original, whichever is the original . 3. The company may use image projection or other forms of display panels for auction purposes in order to facilitate the auction. The contents shown are for reference only. Regardless of the amount shown in the image projection or other form of display panel, the auction item number, the auction item image or the Hong Kong dollar bidding price, the accuracy of the foreign currency may be subject to errors that are beyond the control of the company. The company is not responsible for any losses suffered by the buyer. 4. The bidder or his agent shall personally review the original auction item before the auction, fully understand the auction item to be auctioned, and bear legal responsibility for the bidding behavior. Article 9 The right of decision of the auctioneer 1. The auctioneer has the absolute power to decide, reject any bidding, push the bid in the way of its decision, withdraw any auction item, and re-auction the auction item if there is any error or dispute. . 2. At the time of bidding, the bidder should recognize the price increase of the company and the auctioneer has the right to adjust the fare increase. Article 10 Auction Deal If the auctioneer is successful or confirmed by other public means of bidding, it means that the bidder and the seller have reached a contract for the sale and purchase of the auction item, and the buyer should immediately sign the ?confirmation of the transaction? confirmation. . Article 11 Remuneration After the bidder has successfully bid, it becomes the buyer of the auction item. In addition to paying the transaction price, the buyer is also required to pay a remuneration to the company. The rate of remuneration is calculated on the basis of the price per piece as follows: TWD 10,000,000.00 or less 20%; TWD 10,000, 001.00 or above 15%. Article 12 Payment 1. After successful bidding, the buyer shall pay the purchase price and collect the auction item in full within seven days from the auction closing date (packaging and handling costs are at their own risk), otherwise they shall be liable for breach of contract. 2. All purchases are denominated in NTD. If the buyer pays in a currency other than the company's designated currency, it should be converted at the exchange rate agreed between the buyer and the company. The Company will charge the Buyer for any foreign exchange and related bank charges incurred. 3. All payments made by the buyer to the company shall be net and shall not include any excise, service tax or other value added tax. There are any taxes applicable to the buyer, and the buyer should bear the burden according to the current relevant laws and regulations. ? Article 13: Receiving the auction item 1. The buyer must collect the purchased item within seven days from the auction closing date. If the buyer fails to collect the auction item within 7 days from the auction closing date, the handling, storage and insurance costs of the auction item will be borne by the buyer due to overdue, and the company and its staff or their agents will for any reason. The damage or loss caused by the auction item shall not be responsible. 2. The Company may, at its discretion, provide services such as packaging and transportation for the buyer's purchased auction items, but any losses incurred shall be borne by the buyer. The company does not accept any responsibility for any errors, omissions, damages or loss caused by the packaging company and shipping company recommended by the company during the service process. 3. If the buyer fails to collect within seven days after the successful auction, whether it has been paid or not; the company will allow the buyer to pay to move to a third-party warehouse for deposit. Only the purchase, handling, insurance and any other expenses incurred, together with all other payments owed to the Company, will be paid in order to receive the purchased auction items. Article 14 Treatment of Unpaid Payments If the buyer fails to pay on time, the company has the right to take the following measures: 1. Proceed to the buyer to claim compensation for all losses caused by the company's default, including loss of interest due to late payment or refusal by the buyer. ; 2. revocation and temporarily detain the members of this or any other auction company to sell to the same buyer, until the buyer to fulfill the terms of all costs incurred during (including storage) paid by the buyer withheld; 3. by Zheng With the consent of the seller, the company may auction or otherwise sell the auction item in accordance with the provisions of these rules. The original buyer shall pay the remuneration/commission and other fees payable by the buyer and the seller in the first auction and bear all the expenses for re-auction or otherwise selling the auction item, if auctioned or otherwise The price of the sale of the auction item is lower than the original auction price, and the original buyer should make up the difference. Article 15 Transfer of Ownership After the buyer pays the purchase price in full, the ownership of the auction item can be obtained. ? The third part of the seller's terms Article 16 Entrustment procedures and guarantees 1. When the seller entrusts the company to auction its goods, the seller is the sole owner of the auction item and has the unrestricted right to transfer the ownership to the buyer. The auction of the auction item will not infringe the legal rights of any third party, and The company signs the entrusted auction contract; if the agent seller entrusts the company to auction the goods, it shall present the relevant authorization documents of the real owner to the company and sign the entrusted auction contract with the company. 2. The seller shall promptly disclose the responsibility and provide the company with comprehensive and detailed disclosure and explanation on the source and defects of the auction item. There is no concealment or fiction. 3. If the seller violates the above guarantee and causes the actual owner of the auction item or any third party claiming to have a right to claim or cause litigation, causing the company and/or the buyer to suffer losses, the seller shall be liable for compensation to the company and/or The buyer suffers all losses and bears all costs and expenses incurred as a result. ? Article 17 Commissions and other expenses Unless otherwise agreed by the seller and the company, after the auction item is sold, the seller shall pay the commission of the company equivalent to 10% of the transaction price (ie, the price of the deposit), 1% of the insurance premium and the printing fee of the catalogue, such as the auction. If the product fails to be sold, the seller shall pay the insurance premium of 1% of the company's reserve price. Article 18 Auction Arrangement 1. All auction items have a reserve price. The reserve price is agreed in writing by the company and the seller through negotiation. If the number of reserve prices is subject to change after both parties have been determined, mutual consent must be obtained in advance. 2. The company's description and presentation of the auction items in the catalogue, the location and date and method of the auction, who will enter the auction and the bidding price, whether to seek expert advice, and the merger or separate auction of the auction items. Have full decision. 3. The valuation of any auction item, whether oral or written, is an opinion only, not a guarantee of the final sale price of the auction item. ? Article 19 Auction Rules 1. The company will auction the auction item at the reserve price. If the bid price cannot reach the reserve price, the company will not bear any responsibility. However, the company has the right to auction the auction items below the reserve price. If the company auctions the auction items according to this, the company will be responsible for paying the seller the difference between the transaction price and the reserve price. 2. Sellers are not allowed to bid for the auction items that they entrust to the company, and they may not entrust others to bid on their behalf. Otherwise, the seller shall bear the corresponding responsibility and compensate the company for all losses caused thereby. 3. Except as otherwise agreed between the seller and the company, if the auction item is recovered in the auction or is not successfully auctioned, the company has the right to sell the auction item at the price agreed by the seller within 30 days after the auction. In this case, the seller?s liability to the company for the auction item is equivalent to the successful auction of the auction item. 4. In addition to the transaction price charged to the purchaser, the Company also charges a fee based on the transaction price. The company also has the right to retain this remuneration. ? Article 20 Withdrawal of Auction Items 1. After any auction item is sent to the company for confirmation, if the seller requests to withdraw the auction item, it must be approved by the company before withdrawing the auction item. However, when the auction item is withdrawn, if the auction item has been included in the catalogue or other publicity materials, printing will be started; then the amount equivalent to 25% of the reserve price of the auction item shall be paid and other expenses shall be paid. If the catalogue or any other promotional materials have not been printed, a payment equal to 10% of the reserve price of the auction item will be paid and other fees will be paid. Any dispute or claim arising from the withdrawal of the auction item has nothing to do with the company. 2. The company reserves the right to withdraw the auction item at any time due to the seller's violation of the company's business regulations or the company's belief that the auction item will not be included in the auction. ? Article 21 After successful auction 1. After the auction is successfully auctioned, the company will require the buyer to pay in full. After the buyer has paid the payment and has not had any dispute with the company, the company will pay the seller an amount equal to the transaction price minus all the fees payable by the seller thirty-five days after the successful auction date. 2. In the event of a delay in payment by the buyer, the company will pay the seller within seven days of the buyer's payment. 3. Sixty days after the successful auction date of the auction item, if the buyer does not pay in full, the transaction is cancelled; the company will return the auction item to the seller without any liability. 4. If the company is forced to withdraw from the buyer because the auction item is defective, the seller must return the entire net auction fee received to the company. 5. In addition to the seller's written instructions, the company will pay in NT. If the seller requests to pay in other currencies, the loss caused by the exchange rate conversion shall be borne by the seller. ? Article 22: Auction items have not been sold 1. If the auction item is not successfully sold or withdrawn for any reason, the seller shall retrieve the auction item within seven days of the date of the company's notice of receipt, all related expenses shall be borne by the seller. The seller must pay back all the unpaid expenses before receiving the auction. 2. Any such auction item shall not be returned seven days after the date of notice of the Company, and the Company shall have the right to dispose of the Lot in a public auction or other manner deemed reasonable. After deducting all the expenses incurred by the company, if there is any balance, the balance will be recovered by the seller. 3. If the seller has not received the auction item within the specified time limit, the seller is solely responsible for the risk. If the seller asks the company to assist in returning the auction item, the risk and cost of return will be borne by the seller. Except where the seller specifies and bears the insurance premium, it is generally not insured during transportation. ? Part IV Other Articles Article 23 1. The Company has the right to make photographs, illustrations, catalogues or other forms of video products for any items that the seller has entrusted to the company to auction, and to enjoy the above photos and illustrations according to law. The copyright of the catalogue or other forms of products shall be entitled to use it in accordance with the law. 2. The company has the right to refuse any person to participate in the auction activities held by the company or enter the auction site, or to take photos, record, videotape and other activities during the auction. 3. The company has the right to change the auction rules for the current auction. ? ? Matters of the above provisions are governed by and construed in accordance with the laws of the Republic of China.