Fine Asian Works of Art: Hong Kong Shangzhen

All Subjects offered and sold by Hong Kong Shangzhen Culture Company(hereafter referred to as Shangzhen Auction) shall be offered and sold on the terms and conditions set forth below. They may be amended by posted notices or oral announcements made during the sale. By bidding at auction you agree to be bound by these Conditions of Sale. Before the sale: 1. We recommend prospective buyers examine any property in which they are interested before the auction takes place. Condition reports are usually available on request. If you require absolute certainty in all areas of authenticity, and the results of your evaluation leave uncertainty in your mind, we recommend you not bid on the subject in question. We do not give refunds, all sales are FINAL. All lots are sold ‘AS IS’ and neither Shangzhen Auction nor any consignor provides any guarantee in relation to the nature of the property. 2. All statements by us in the catalogue entry for the property or in the condition report, or made orally or in writing elsewhere, are statements of opinion and are not to be relied on as statements of fact. These statements do not constitute a representation, warranty or assumption of liability by us of any kind. References in the catalogue entry or the condition report to damage or restoration are for guidance only and should be evaluated by personal inspection by the buyer or a knowledgeable representative. The absence of such a reference does not imply that an item is free from defects or restoration, nor does a reference to particular defects imply the absence of any others. Estimates of the selling price should not be relied on as a statement that this is the price at which the item will sell or its value for any other purpose. Neither Shangzhen Auction nor the seller is responsible in any way for errors and omissions in the catalogue or any supplemental material. 3. Shangzhen Auction always reserves the right to withdraw any property before the sale. All lots in this catalogue are offered subject to a reserve, which is the confidential minimum hammer price at which a lot will be sold. In executing a reserve, the auctioneer has the right to bid on behalf of the Consignor, whether by opening bidding or continuing bidding in response to other bidders until reaching the reserve. If the reserve is not met, the auctioneer has the right to withdraw the item from the sale. 4. In response to your inquiry, we are pleased to provide you with a general report of the condition of the property described above. Since we are not professional conservators or restorers, we urge you to consult with a restorer or conservator of your choice who will be better able to provide a detailed, professional report. Prospective buyers should inspect each lot to satisfy themselves as to condition and must understand that any statement made made by us is merely a subjective, qualified opinion. 5. International bidders are responsible to meet all customs and import&export regulations. Shangzhen Auction will assist but cannot be held liable for international laws affecting the delivery of purchased goods. At the sale: 6. Prospective buyers must complete and sign a registration form and provide identification before bidding. As part of the Bidder registration process, each Bidder must attest that they have received, read, and understand these Terms. If you have any questions regarding these Terms, please ask during the registration process or email us at shangzhenculture@gmail.com. We may require bidders submitting bank or other financial references as security measure in order to participate in auctions held by Shangzhen Auction. 7. Bidding on an item will be considered sufficient evidence that the Bidder accepts all conditions set forth in these Terms and any conditions outlined on the day of the sale. If a purchaser breaches any of these Terms of Sale, including the obligation to pay for purchased items, Shangzhen Auction may seek all remedies under the law including canceling the sale and reoffering the property without reserve. 8. All items are sold to the highest bidder as acknowledged by the auctioneer. Shangzhen Auction has the right to complete discretion, to refuse admission to the premises or participation in any auction and to reject any bid. 9. When making a bid, a bidder is accepting personal liability to pay the purchase price, including the buyer's premium, all applicable taxes and all other applicable charges, unless it has been explicitly agreed upon in writing with Shangzhen Auction before the commencement of the sale that the bidder is acting as agent on behalf of an identified third party acceptable to Shangzhen Auction and that Shangzhen Auction will only look to the principal for payment. After the sale: 10. A premium equal to 18% of the final bid price will be applied to each lot sold under HK$1000000, to be paid by the buyer as part of the purchase price. The premium equal to 15% of the hammer price for each lot sold above HK$1000000. 11. When a buyer wins an item, we will send him/her an invoice for it. Payment must complete in 15 Calendar day after each auction. We do not guarantee hold items pass due after 15 calendar days. 12. Acceptable forms of payment are Debit card for Mainland China bidders. Wire transfers for overseas bidders outside Mainland China. Local e-banking for Hong Kong bidders. Invoice must be paid in full. And we do not accept any credit card. Shangzhen Auction reserves the right to hold merchandise purchased until the funds have cleared. 13. Shangzhen Auction will contact the winning bidders with shipping information after the auction. Buyer pays shipping cost, as well as any applicable taxes, duties or fees for items originating from outside of the buyer’s home country. For buyer’s outside of Hong Kong, the Shangzhen Auction team will provide an introduction to global parcel or white glove shipping partners upon request. 14. Shangzhen Auction may, in its discretion and at purchaser’s request, package and arrange for delivery as directed by the purchaser. In such event, purchaser agrees that (a) all such packaging, handling and delivery is at the sole risk of the purchaser and that Shanzhen Auction shall have no liability for any loss or damage to such items; (b) purchaser shall pay in advance, all packaging expenses, including labor, materials, carrier’s fees and all insurance charges. Please arrange seventy-two hours in advance for collection and delivery. During COVID-19 period, it may take longer than normally to delivery. 15. Shangzhen Auction follows international Auction Practice, Shangzhen Auction reserves the right of final interpretation. Please contact our customer service if you have any questions.

Hong Kong Shangzhen Culture Company was founded in 2021, mainly engaged in the auction business of Chinese modern and contemporary painting and calligraphy, antiques, ceramics, jade and other artworks. As a new art auction mechanism, ShangZhen with the management idea of "openness, fairness and justice" as the principle, in a professional, integrity and pragmatic, trusted by customers, business operation standard, to establish a 'good' in the auction market brand, collectors and art lovers at home and abroad to provide a high quality the trading platform. 香港尚臻拍賣公司成立於2021年，主要從事中國近現代書畫、古董珍玩、陶瓷、玉器等藝術品拍賣業務。 作為一家新興的藝術品拍賣機構，尚臻以"公開、公平、公正"的經營理念為原則，以專業、誠信和務實取信於客戶，業務運作規範，務求在拍賣市場上建立"信譽良好"的品牌，為海內外收藏家和藝術愛好者提供一個高素質的交易平臺。