Fan Paintings and Calligraphy

The auction will strictly abide by the rules and regulations set out by Ravenel Auction Hong Kong Ltd. Prior to participating in the auction, bidders are advised to read and understand the following regulations: 1. Interested parties must complete the registration procedures with valid personal identifications (i.e. Identification card, Passport, etc.). The completion of a registration form and the payment of a security deposit are required. 2. Security deposit in the amount of HK$50,000. 3. The security deposit of HK$50,000 must be transferred to Ravenel's specified Bank account prior to 26th May 2015, details as follow: Beneficiary's Name: Ravenel Auction Hong Kong Limited Beneficiary Bank's Name:  The Hongkong and Shanghai Banking Corporation Limited Beneficiary Bank Address: 1 Queen's Road Central, Hong Kong SWIFT Code: HSBCHKHHHKH Beneficiary's Account No: 808-347959-292 (HKD) The bank should be notified that the transfer must be exactly $50,000HKD. The payer will be responsible for any associated bank service fees. 4. After the 26th May 2015, parties interested in obtaining a paddle number must submit a cash security deposit during the Hong Kong previews (From 1st to 2nd, June 2015). Acceptance will cease on 2nd of June by noon (No other forms of payment will be accepted). 5. Telephone/written/ internet bids: In the event that the bidder chooses not to be present at venue on the day of the auction, the bidder may place a bid through means of a telephone, written or internet bid. A registration form must be completed and the security deposit transferred to Ravenel's specified Bank account before the 26th May 2015. Alternately, the interested party may make a cash payment of HK$50,000 to obtain a paddle number for the purposes of placing a telephone/written/internet bid(s). 6. If the security deposit has been transferred prior to the 26th May 2015, suitable proof or documentation is required. Once this information is verified, the payer will be contacted for details of his/her paddle number. 7. If the payment of the security deposit is made on the day of the auction, the payer may obtain his/her paddle number with valid personal identification (i.e. Identification Card, passport, etc.) for purposes of verification. 8. Return of the Security Deposit: (1) Completed Transaction: For successful bidder with a security deposit made through wire transfer, the hammer price and buyer's premium will be deducted from the security deposit, any remaining value will be returned to the successful bidder within 14 business days through means of a wire transfer. For bidders with security deposit made by Cash, the hammer price and buyer's premium will be deducted from the security deposit, any remaining value will be returned to the successful bidder within 14 business days through means of a cash refund. (2) Nil Transaction: For individuals with a security deposit transferred by wire, the security deposit will be returned within 14 business days through means of a wire transfer. Cash security deposit will be returned to individuals on the same day after the auction. 9. Successful bidder must settle the payment (hammer price with buyer's premium) prior to receiving the lot(s) on site. If the price exceeds the amount of the security deposit, the successful bidder may settle the outstanding balance through the following means: (1) A cash payment in HKD (2) A credit or China UnionPay payment: The credit payment must not exceed HK$500,000. The holder of the credit card or China UnionPay must be the successful bidder, credit payments from any title except for the successful bidder will not be permitted nor accepted. 10. Ravenel Auction Hong Kong Ltd. retains full discretion to accept or decline a payment in the event of any unforeseen disputes or discrepancies.