2024 Towa Art Spring Auction

Towa Art Net Auction Rules These rules are available in Japanese, Chinese and English. In principle, the Japanese version shall prevail. These rules apply to the laws of Japan, and refer to international common practice. Towa Art Auction is an auction organized by Towa Art Net Auction Co., Ltd. (referred to as "the company") in accordance with the relevant content of these rules. All bidders, investors and other participants who participate in the auction activities organized by the company 2. If the bidder has reached a separate agreement with the Company, the separate agreement shall take precedence. 3. After anyone has passed the auction, after anyone has completed the application through this auction, they can participate in the company's auction. Participate in auctions. 4. The company's franchise stipulates the bidding method of any person, and does not agree to any suggestion to the investor. 5. The company shall revise according to the actual situation in accordance with the provisions of the company's franchise. Club East and Fine Arts Auction. 6.There are Japanese, Chinese and Chinese versions of these rules. In principle, the Japanese version is published. Auction items and catalogues 1. The auction items of the company are auctioned in the state of the auction items at the time of auction, and any defects, dirt and scratches of the auction items are not guaranteed. Bidders must carefully check the detailed pictures and quality reports, and bear legal responsibility for their own bidding behavior. 2. Regarding the authenticity and quality of the auction items, the company specifically declares that it cannot be guaranteed. 3. The descriptions published in the catalogue of the auction items provided by the company, such as author, age, size, weight, material, technique, authenticity, origin, status, etc., are only the company's unilateral reference opinions. The company does not assume any responsibility for the inaccuracy and inconsistency of the contents published in the catalogue. 4. There is an error in tone, color or level between the photos published in the catalog and the real object. The real object shall prevail, and the company does not assume any responsibility. 5. The reference price of the auction items published in the catalogue is expressed in the form of Japanese yen (this price does not include the company's buyer's commission and buyer's commission consumption tax). The hammer price is not bound by the reference price. Bidding method The company provides bidders with written absdentee bidding / telephone absentee bidding / online bidding. Bidders need to submit identification documents with photos and address proofs and other relevant information issued by relevant government departments to participate in the registration. If the bidder is a company or other organization , please contact our customer service department. 1. Written absentee bidding 1. Bidders who apply for written entrustment should apply to the company and follow the instructions of the company, fill in the "Written/Telephone Absentee Bidding Form", and mail, email or fax to the company within the specified time limit. 2. The company can decide whether to accept the entrustment or not. For successful bids, the company will charge the bidder's buyer's commission and commission consumption tax according to the hammer price. Bidders outside Japan do not need to pay commission consumption tax. 3. The minimum bidding amount for bidders who apply for written entrustment is 100,000 yen. At the same time, they must pay a deposit of 1 million yen (1 million yen in principle) 24 hours before the auction day (subject to the company's local time). , if the total reference price of the auction items is too high, the company may request a deposit of more than 1 million yen). 4. If the written absentee bidding does not arrive 24 hours before the auction day with its form and security deposit, it will be deemed that the auction number plate has not been received and is not eligible to participate in the auction. 5. In written bidding, if two or more bidders bid for the same auction item at the same price, and the final auction item is sold at this price, the company may, at its own discretion, sell the auction item to an earlier written bidding registration form. bidders. 6. Under any circumstances, the company will not be liable for any errors or omissions in the written bidding process that the bidder fails to bid successfully. 2. Telephone absentee bidding 1. Bidders who apply by telephone absentee bidding should apply to the company and follow the company's instructions, fill in the "Written/Telephone Absentee Bidding Form", and mail, email or fax to the company within the specified time limit. 2. The company can decide whether to accept the entrustment or not. If the bid is successful, the company will charge the buyer's commission and the consumption tax of the commission according to the hammer price. Bidders outside Japan do not need to pay the consumption tax of the commission. 3. The minimum bidding amount for bidders who apply by telephone entrustment is 100,000 yen, and at the same time, they need to pay a deposit of 1 million yen (1 million yen in principle) 24 hours before the auction day (subject to the company's local time). , if the total reference price of the auction items is too high, the company may request a deposit of more than 1 million yen). 4. If the telephone absentee bidding with "Written/Telephone Absentee Bidding Form" and the deposit amount have not arrived 24 hours before the auction day, it will be deemed that the auction number plate has not been obtained, and the auction is not eligible. And for any reason, if the bidder cannot be contacted through the contact information, it will be regarded as a waiver of the telephone bidding, and the company will not be responsible for it. 5. In any case, the company will not be liable for any errors or omissions in the process of telephone bidders failing to bid successfully or during the telephone bidding process. 3. Online bidding 1. Bidders who wish to bid through online bidding should apply to the company before the auction, and should follow the company's instructions. 2. We will hold an online preview before the auction. All the auction items of the auction will be displayed on the company's official website and major auction platforms when the electronic catalogue is previewed, and any participant can freely view it. 3. The method of determining the buyer of the online auction is the same as that in the on-site auction venue, that is, after the bidder with the highest online bid is confirmed by the auctioneer's hammer, the sales contract is established. 4. The company has the right to refuse the bidder's online bidding application without informing the reason. 5. The company does not assume any responsibility if the bidding fails or causes losses to the bidders due to the following reasons. 5.1 During the online bidding, any interruption of the network connection of the company or the bidder 5.2 Malfunctions or problems with the online bidding software 5.3 Failure or problems with any internet connection, computer, mobile device or system. 5.4 Any errors due to the quality of the digital image 5.5 Mistakes made by bidders during the bidding process 5.6 Information reception delay caused by network delay Payment 1. The amount paid by the buyer to the company includes the hammer price, the company's 18% buyer's commission and the total amount of the buyer's commission and consumption tax (hereinafter referred to as the "purchase amount"). In the case of payment by remittance, the service fee involved in the remittance shall be borne by the buyer. Buyers who are not of Japanese nationality and who are presumed not to be resident with a domicile or residence in Japan are exempt from the consumption tax required for the buyer's commission. However, those who work in an office in Japan or who have been in Japan for more than 6 months will be regarded as residents. In addition, there are cases where Japanese nationals are exempt from tax because they are non-residents, please contact our company for details. In addition to the hammer price that must be paid after the successful bid, the bidder must also pay the company 18% commission and 10% consumption tax required for the commission. BANK INFO BANK BRANCH?MUFG BANK, LTD. SENBA-CHUO BRANCH SWIFT CODE?BOTKJPJT?? ACCOUNT NUMBER?004-0012772?? ACCOUNT NAME?TOWA SYOMU CO.,LTD??? ADDRESS?7FLOOR, UCHIHONMACHI, AXIS BLDG, 2-17,?HONMACHIBASHI, CHUO-KU, OSAKA-SHI, OSAKA540-0029, JAPAN??? BANK ADDRESS? 1-30, KYUTAROMACHI, 2-CHOME, CHUO-KU, OSAKA-SHI, OSAKA541-0056, JAPAN?? Delivery of Auction Items 1. After the buyer has paid the full purchase amount, the company can deliver the auction item. When it is required to pack and mail the purchased auction works on behalf of the buyer, the buyer shall bear the expenses incurred for the packaging and mailing. After paying the full amount, the buyer can pick up the auction item. The handling, insurance and other expenses after the hammer is dropped shall be borne by the buyer. 2. After the bidder has paid the full amount, the ownership of the transaction goods will be transferred to the bidder from the moment the company delivers the goods. 3. The bidder will bear all the risk factors brought by the product from the moment the hammer is dropped. All damages caused by the company will be borne by the bidders themselves. 4. Whether directly or indirectly, due to earthquakes, volcanic eruptions, tsunamis, typhoons, storms and other natural disasters, as well as wars and other force majeure caused by the responsibility for the custody of goods, the company will not bear the responsibility. 5. Special reminder: According to Japanese laws and regulations and the "Washington Convention", endangered species of wild animals and plants (ivory, rhino horn, coral, etc.) are restricted from leaving the country. For auction items that are restricted for export, the buyer should handle them carefully. If there is a legal dispute, the buyer will bear all the responsibilities; for the auction items that are allowed to be exported, the buyer should go through the exit procedures by himself according to the relevant regulations of Japan. This "Auction Rules" is responsible for the interpretation of this agency.