4 October 2020 • 11:00 HKT • Hong Kong
4 October 2020 • 11:00 HKT • Hong Kong
Please note that the results listed on this page are inclusive of Sotheby's Buyer's Premium and Overhead Premium, and exclusive of any applicable taxes and costs, unless otherwise noted.
Please note that the results listed on this page are inclusive of Sotheby's Buyer's Premium and Overhead Premium, and exclusive of any applicable taxes and costs, unless otherwise noted.
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Sotheby’s Hong Kong is excited to present Finest & Rarest Wines and Spirits on 4 October following on from our two magnificent Single Owner Sales, with 704 lots and estimated in excess of HK$19 million. Featuring A Magnificent Collection of French and New World Classics from a noted collector from Japan, including parcel quantities of the fabled Château Haut Brion 1989, the legendary Château Latour 1961, and an array of Grand Crus from Domaine de la Romanée-Conti.
Other highlights include mature bottlings of DRC Montrachet from the 1960s-1970s, Domaine Leroy Musigny 2009, Petrus 1996 in owc, a 1996-2008 vertical of Harlan Estate in magnum, and DRC Romanée-Conti from the 1980s – 2010s. Whisky offerings are led by The Macallan 65 Year Old in Lalique, 6 Pillars, Sixth Edition, Karuizawa Cask #8852 Streams of Time 1965, and The Savoy 125th Anniversary - Macallan Aged 48 Years. Chinese spirit Kweichow Moutai is represented by mature bottlings from 1980-1986.
For assistance with bidding and registration, please contact:
+852 2524 8121
Please note that bidders are required to provide government issued photo identification. For certain lots, deposits may be required. Sotheby’s has sole discretion to request deposits and cancel bids if requirements are not met by bidders.
Under the law of Hong Kong, intoxicating liquor must not be sold or supplied to a minor in the course of business.
The Hong Kong Tax has been fully paid on these lots, however, the buyer has sole responsibility for any transport costs and any duty or taxes when shipping the lot outside of Hong Kong.
For all sale enquiries please contact:
Adam Bilbey | Adam.Bilbey@sothebys.com | +852 2822 9024
Senior Director, Head of Sotheby's Wine Asia
Paul Wong | Paul.Wong@sothebys.com | +852 2822 5541
Director, Head of Sales, Wine
Kent Law | Kent.Law@sothebys.com | +852 2822 5595
Deputy Director, Specialist, Wine
Fiona Hui | Fiona.Hui@sothebys.com | +852 2822 8173
Junior Specialist, Wine
Please note that as of August 1st 2020, Overhead Premium, a fee payable by all auction buyers in our global salerooms and online sales, will be charged at 1% of the hammer price plus any applicable local taxes. It is an allocation of the overhead costs relating to our facilities, property handling and other administrative expenses. This fee and our Buyer’s Premium rates exclude local taxes and any applicable artist’s resale right.
CONDITIONS OF BUSINESS FOR BUYERS
The nature of the relationship between Sotheby’s, Sellers and Bidders and the terms on which Sotheby’s (as auctioneer) and Sellers contract with Bidders are set out below.
Bidders’ attention is specifically drawn to Conditions 3 and 4 below, which require them to investigate lots prior to bidding and which contain specific limitations and exclusions of the legal liability of Sotheby’s and Sellers. The limitations and exclusions relating to Sotheby’s are consistent with its role as auctioneer of large quantities of goods of a wide variety and Bidders should pay particular attention to these Conditions.
(a) Sotheby’s and Sellers’ contractual relationship with prospective Buyers is governed by:
(i) these Conditions of Business;
(ii) the Conditions of Business for Sellers displayed in the saleroom and which are available upon request from Sotheby's Hong Kong salerooms or by telephoning (852) 2524 8121;
(iii) Sotheby’s Authenticity Guarantee as printed in the sale catalogue;
(iv) any additional notices and terms published by Sotheby’s, including the guide to Buying At Auction; and
(v) in respect of online bidding via an Online Platform, the Additional Terms and Conditions for Online Bidding published below and available on www.sothebys.com and on the Sotheby's App, in each case as amended by any saleroom notice or auctioneer's announcement at the live auction.
(b) As auctioneer, Sotheby’s acts as agent for the Seller. A sale contract is made directly between the Seller and the Buyer. However, Sotheby’s may own a lot (and in such circumstances acts in a principal capacity as Seller) and/or may have a legal, beneficial or financial interest in a lot as a secured creditor or otherwise.
2. Common Terms
In these Conditions of Business:
"Bidder" is any person considering, making or attempting to make a bid, by whatever means, and includes Buyers;
"Buyer" is the person who makes the highest bid or offer accepted by the auctioneer, and includes such person's principal when bidding as agent;
"Buyer's Expenses" are any costs or expenses due to Sotheby's from the Buyer;
"Buyer's Premium" is the commission payable by the Buyer on the Hammer Price at the rates set out in the guide to Buying At Auction;
"Counterfeit" is as defined in Sotheby's Authenticity Guarantee;
"Hammer Price" is the highest bid accepted by the auctioneer by the fall of the hammer, (in the case of wine, as apportioned pro-rata by reference to the number of separately identified items in that lot), or in the case of a post-auction sale, the agreed sale price;
"Overhead Premium" is the allocation of Sotheby’s overhead costs relating to Sotheby’s facilities, property handling and other administrative expenses that is payable by the Buyer on the Hammer Price at the rates set out in the guide to Buying at Auction in the sale catalogue;
"Purchase Price" is the Hammer Price, Overhead Premium and applicable Buyer's Premium;
"Reserve" is the (confidential) minimum Hammer Price at which the Seller has agreed to sell a lot;
"Seller" is the person offering a lot for sale (including their agent (other than Sotheby's), executors or personal representatives);
"Sotheby's" means Sotheby's Hong Kong Ltd., which has its registered office at Level 54, Hopewell Centre, 183 Queen’s Road East, Hong Kong;
"Sotheby's Company" means Sotheby's in the USA and any of its subsidiaries (including “Sotheby's”) and Sotheby’s Diamonds SA and its subsidiaries (in each case ‘subsidiary’ having the meaning of Section 2 of the Companies Ordinance Cap.622).
3. Duties of Bidders and of Sotheby’s in respect of items for sale
(a) Sotheby’s knowledge in relation to each lot is partially dependent on information provided to it by the Seller, and Sotheby’s is not able to and does not carry out exhaustive due diligence on each lot. Bidders acknowledge this fact and accept responsibility for carrying out inspections and investigations to satisfy themselves as to the lots in which they may be interested.
(b) Each lot offered for sale at Sotheby’s is available for inspection by Bidders prior to the sale. Sotheby’s accepts bids on lots solely on the basis that Bidders (and independent experts on their behalf, to the extent appropriate given the nature and value of the lot and the Bidder's own expertise) have fully inspected the lot prior to bidding and have satisfied themselves as to both the condition of the lot and the accuracy of its description.
(c) Bidders acknowledge that many lots are of an age and type which means that they are not in perfect condition. All lots are offered for sale in the condition they are in at the time of the auction (whether or not Bidders are in attendance at the auction). Condition reports may be available to assist when inspecting lots. Catalogue descriptions and condition reports may on occasions make reference to particular imperfections of a lot, but Bidders should note that lots may have other faults not expressly referred to in the catalogue or condition report. Illustrations are for identification purposes only and will not convey full information as to the actual condition of lots.
(d) Information provided to Bidders in respect of any lot, including any estimate, whether written or oral and including information in any catalogue, condition or other report, commentary or valuation, is not a representation of fact but rather is a statement of opinion genuinely held by Sotheby’s. Any estimate may not be relied on as a prediction of the selling price or value of the lot and may be revised from time to time in Sotheby's absolute discretion.
(e) No representations or warranties are made by Sotheby's or the Seller as to whether any lot is subject to copyright or whether the Buyer acquires copyright in any lot.
(f) Subject to the matters referred to at 3(a) to 3(e) above and to the specific exclusions contained at Condition 4 below, Sotheby’s shall exercise such reasonable care when making express statements in catalogue descriptions or condition reports as is consistent with its role as auctioneer of lots in the sale to which these Conditions relate, and in the light of (i) the information provided to it by the Seller; (ii) scholarship and technical knowledge; and (iii) the generally accepted opinions of relevant experts, in each case at the time any such express statement is made.
4. Exclusions and limitations of liability to Buyers
(a) Sotheby’s shall refund the Purchase Price to the Buyer in circumstances where it deems that the lot is a Counterfeit and each of the conditions of the Authenticity Guarantee has been satisfied.
(b) In the light of the matters in Condition 3 above and subject to Conditions 4(a) and 4(e), neither any Sotheby's Company nor the Seller:
(i) is liable for any errors or omissions in information provided to Bidders by Sotheby’s (or any Sotheby's Company), whether orally or in writing, whether negligent or otherwise, except as set out in Condition 3(f) above;
(ii) gives any guarantee or warranty to Bidders and any implied warranties and conditions are excluded (save in so far as such obligations cannot be excluded by law) other than the express warranties given by the Seller to the Buyer in Condition 2 of the Sellers' Conditions of Business;
(iii) accepts responsibility to any Bidders in respect of acts or omissions (whether negligent or otherwise) by Sotheby’s in connection with the conduct of auctions or for any matter relating to the sale of any lot.
(c) Unless Sotheby’s owns a lot offered for sale, it is not responsible for any breach of these conditions by the Seller.
(d) Without prejudice to Condition 4(b), any claim against Sotheby’s or the Seller by a Bidder is limited to the Purchase Price with regard to that lot. Neither Sotheby’s nor the Seller shall under any circumstances be liable for any consequential losses.
(e) None of this Condition 4 shall exclude or limit Sotheby’s liability in respect of any fraudulent misrepresentation made by Sotheby’s or the Seller, or in respect of death or personal injury caused by the negligent acts or omissions of Sotheby’s or the Seller.
5. Bidding at Auction
(a) Sotheby's has absolute discretion to refuse admission to the live auction. Bidders who wish to bid in person must complete a Paddle Registration Form and supply such information and references as required by Sotheby's. Bidders act as principal unless they have Sotheby's prior written consent to bid as agent for another party. Bidders are personally liable for their bid and are jointly and severally liable with their principal if bidding as agent.
(b) Where available, telephone bids are offered as an additional service for no extra charge, at the Bidder's risk and shall be undertaken with reasonable care subject to Sotheby's other commitments at the time of the live auction; Sotheby’s therefore cannot accept liability for failure to place such bids save where such failure is unreasonable. Telephone bids may be recorded.
(c) Online bids are made subject to the Additional Terms and Conditions for Online Bidding (published below) and available on www.sothebys.com or via the Sotheby's App which apply which apply in relation to bids submitted via an Online Platform, in addition to these Conditions of Business.
6. Conduct of the Auction
(a) Unless otherwise specified, all lots are offered subject to a Reserve, which shall be no higher than the low presale estimate at the start of the live auction.
(b) The auctioneer has absolute discretion at any time to refuse or accept any bid, withdraw any lot, re-offer a lot for sale (including after the fall of the hammer), and take such other action as he reasonably thinks fit.
(c) During the live auction, the auctioneer will commence and advance the bidding at levels and in increments he considers appropriate and is entitled to place a bid or series of bids on behalf of the Seller up to the Reserve on the lot, without indicating he is doing so and whether or not other bids are placed.
(d) Subject to Condition 6(b), the contract between the Buyer and the Seller is concluded on the striking of the auctioneer's hammer, whereupon the Buyer becomes liable to pay the Purchase Price.
(e) Any post-auction sale of lots offered at auction shall incorporate these Conditions as if sold in the live auction.
7. Payment and Collection
(a) Unless otherwise agreed, payment of the Purchase Price for a lot and any Buyer's Expenses are due in Hong Kong dollars immediately on conclusion of the live auction (the "Due Date") notwithstanding any requirements for export, import or other permits for such lot.
(b) Title in a purchased lot will not pass until Sotheby's has received the Purchase Price and Buyer's Expenses for that lot in cleared funds. Sotheby's is not obliged to release a lot to the Buyer until title in the lot has passed and appropriate identification has been provided, and any earlier release does not affect the passing of title or the Buyer's unconditional obligation to pay the Purchase Price and Buyer's Expenses.
(c) The Buyer is obliged to arrange collection of purchased lots no later than thirty (30) calendar days after the date of the live auction. Purchased lots are at the Buyer's risk (and therefore their sole responsibility for insurance) from the earliest of i) collection or ii) the thirty-first calendar day after the auction. Until risk passes, Sotheby’s will compensate the Buyer for any loss or damage to the lot up to a maximum of the Purchase Price paid. Buyers should note that Sotheby's assumption of liability for loss or damage is subject to the exclusions set out in Condition 6 of the Conditions of Business for Sellers.
8. Remedies for non-payment
Without prejudice to any rights the Seller may have, if the Buyer without prior agreement fails to make payment in full for the lot within five days of the live auction, or in accordance with any payment schedule agreed with Sotheby’s, Sotheby's may in its sole discretion (having informed the Seller) exercise one or more of the following remedies:
(a) store the lot at its premises or elsewhere at the Buyer’s sole risk and expense;
(b) terminate the contract of the sale of the lot, retaining the right to damages for the Buyer’s breach of contract;
(c) set off any amounts owed to the Buyer by a Sotheby’s Company against any amounts owed to Sotheby's by the Buyer in respect of the lot and/or any shortfall in the Purchase Price and Buyer's Expenses in the event of a resale under Condition 8(h) below (on a pro-rata basis where more than one lot is purchased by the Buyer at the auction and is then resold), and/or any claim by Sotheby's against the Buyer for damages for the Buyer's breach of contract (including but not limited to the Buyer's Premium and Overhead Premium in the event of a termination of the sale contract);
(d) apply as Sotheby’s sees fit any payments, including deposits, made by or on behalf of the Buyer in respect of this transaction or otherwise, towards (i) any costs, Buyer’s Expenses or debts owed by the Buyer to any Sotheby’s Company , and/or (ii) any shortfall in the Purchase Price and Buyer's Expenses in the event of a resale under Condition 8(h) below (on a pro-rata basis where more than one lot is purchased by the Buyer at the auction and is then resold), and/or (iii) any claim by Sotheby's against the Buyer for damages for the Buyer's breach of contract (including but not limited to the Buyer's Premium and Overhead Premium in the event of a termination of the sale contract). For the avoidance of doubt, if more than one lot is purchased by the Buyer at the auction and the Buyer makes a partial payment but fails to pay in full the Purchase Price of all lots purchased by him within five days of the auction or in accordance with any payment schedule agreed with Sotheby's, Sotheby's is entitled, at its absolute discretion, to reject any instruction or request that the whole or a part of such partial payment be applied towards the Purchase Price of, and/or the shortfall and/or Sotheby's claim for damages in respect of, any particular lot(s) purchased by the Buyer;
(e) reject future bids from the Buyer or render such bids subject to payment of a deposit; such deposit to be applied at Sotheby’s discretion in the event of subsequent non-payment or late payment;
(f) charge interest at a rate not exceeding 2% per month from the Due Date to the date the Purchase Price and relevant Buyer's Expenses are received in cleared funds;
(g) exercise a lien over any of the Buyer’s property which is in the possession of a Sotheby’s Company. Sotheby's shall inform the Buyer of the exercise of any such lien and within 14 days of such notice may arrange the sale of such property and apply the proceeds to the amount owed to Sotheby’s, and/or any shortfall in the Purchase Price and Buyer's Expenses in the event of a resale under Condition 8(h) below (on a pro-rata basis where more than one lot is purchased by the Buyer at the auction and is then resold), and/or any claim by Sotheby's against the Buyer for damages for the Buyer's breach of contract (including but not limited to the Buyer's Premium and Overhead Premium in the event of a termination of the sale contract);
(h) resell the lot by auction or private sale, with estimates and reserves at Sotheby's discretion. In the event such resale is for less than the Purchase Price and Buyer's Expenses for that lot, the Buyer will remain liable for the shortfall together with all costs incurred in such resale;
(i) commence legal proceedings to recover the Purchase Price and Buyer's Expenses for that lot, or to claim damages for the Buyer’s breach of contract, together with interest and the costs of such proceedings on a full indemnity basis; or
(j) release the name and address of the Buyer to the Seller to enable the Seller to commence legal proceedings to recover the amounts due or claim damages for the Buyer’s breach of contract and legal costs. Sotheby's will take reasonable steps to notify the Buyer prior to releasing such details to the Seller.
9. Bidder’s and/or Buyer’s Warranties
(a) The Bidder and/or Buyer warrants that:
(i) the Bidder and/or Buyer is not subject to trade sanctions, embargoes or any other restriction on trade in the jurisdiction in which it does business as well as under the laws of Hong Kong, the European Union, the laws of England and Wales, or the laws and regulations of the United States, and is not owned (nor partly owned) or controlled by such sanctioned person(s) (collectively, “Sanctioned Person(s)”); and
(ii) the funds used for purchase and settlement of the lot(s) are not connected with nor have any link to nor are derived from any criminal activity, including without limitation tax evasion, money laundering, terrorist activities or other criminal activity, and the Bidder/Buyer is neither under investigation, nor has been charged with or convicted of without limitation, tax evasion, money laundering, terrorist activities or other criminal activity.
(b) Where the Bidder is bidding on behalf of another person or acting as agent (in either case, for the purposes of this Condition 9(b), the “Agent”) for another party (the “Principal(s)”), the Agent warrants in its own capacity (in addition to the warranties set out in Condition 9(a)) that:
(i) the Principal(s) is not a Sanctioned Person(s) nor owned (or partly owned) or controlled by Sanctioned Person(s);
(ii) the funds used for purchase and settlement of the lot(s) are not connected with, nor have any link to any criminal activity, including without limitation tax evasion, money laundering, terrorist activities or other criminal activity and that the arrangements between the Agent and the Principal(s) of the lot(s) or otherwise do not, in whole or in part facilitate tax crimes;
(iii) the lot(s) purchased by the Agent or the Principal(s) is not being purchased for the purposes of, or being used in any way connected with, or to facilitate breaches of any applicable tax, anti-money laundering or anti-terrorism laws or regulations;
(iv) the Agent has conducted appropriate customer due diligence on the Principal(s) of the lot(s) in accordance with all applicable anti-money laundering and sanctions laws and regulations and the Agent does not know and has no reason to suspect that the funds used for settlement are derived from or connected with proceeds of any criminal activity including without limitation tax evasion, or that the ultimate buyer(s) is under investigation, or has been charged with or convicted of money laundering, terrorist activities or other criminal activity; and
(v) the Agent consents to Sotheby’s relying on the Agent’s customer due diligence, and the Agent will retain for a period of not less than 5 years the documentation evidencing the Agent’s customer due diligence. The Agent will make such documentation promptly available for immediate inspection by an independent third-party auditor upon Sotheby’s written request to do so.
(c) The Bidder and/or Buyer hereby undertakes and warrants that none of the funds used for purchase and settlement will be funded by any Sanctioned Person(s), nor will any party involved in the transaction including financial institutions, freight forwarders or other forwarding agents or any other party be a Sanctioned Person(s) nor owned (or partly owned) or controlled by a Sanctioned Person(s), unless such activity is authorized in writing by the government authority having jurisdiction over the transaction or in applicable law or regulation.
(d) Sotheby’s reserves the right to seek identification of the source of funds received, and to make enquiries about any person transacting with Sotheby’s. If Sotheby’s has not completed its enquiries in respect of anti-money laundering, anti-terrorist financing or other checks as it considers appropriate concerning the Bidder and/or Buyer or the Seller to Sotheby’s satisfaction at its discretion, Sotheby’s shall be entitled either not to complete or to cancel the sale of any lot, as appropriate, and to take any further action required or permitted under applicable law without any liability to the Bidder and/or Buyer.
10. Failure to collect purchases
(a) If the Buyer pays the Purchase Price and Buyer's Expenses but fails to collect a purchased lot within thirty calendar days of the live auction, the lot will be stored at the Buyer's expense (and risk) at Sotheby's or with a third party.
(b) If a purchased lot is paid for but not collected within six months of the live auction, the Buyer authorises Sotheby's, having given notice to the Buyer, to arrange a resale of the item by auction or private sale, with estimates and reserves at Sotheby's discretion. The proceeds of such sale, less all costs incurred by Sotheby's, will be forfeited unless collected by the Buyer within two years of the original auction.
11. Export and Permits
It is the Buyer's sole responsibility to identify and obtain any necessary export, import, firearm, endangered species or other permit for the lot and to complete any required export or import manifest, list or documentation. Any symbols or notices published in respect of the lot reflect Sotheby’s reasonable opinion at the time of cataloguing and offer Bidders general guidance only. Without prejudice to Conditions 3 and 4 above, Sotheby's and the Seller make no representations or warranties as to whether any lot is or is not subject to export or import restrictions or any embargoes. The denial of any permit or licence shall not justify cancellation or rescission of the sale contract or any delay in payment. We shall not be responsible for any liability arising from any failure to complete or submit the required export or import manifest, list or documentation.
(a) All images and other materials produced for the auction are the copyright of Sotheby's, for use at Sotheby's discretion.
(b) Notices to Sotheby's should be in writing and addressed to the department in charge of the sale, quoting the reference number of the sale. Notices to Sotheby's clients shall be addressed to the last address formally notified by them to Sotheby's.
(c) Should any provision of these Conditions of Business be held unenforceable for any reason, the remaining provisions shall remain in full force and effect.
(d) These Conditions of Business are not assignable by any Buyer without Sotheby's prior written consent, but are binding on Buyers' successors, assigns and representatives. No act, omission or delay by Sotheby's shall be deemed a waiver or release of any of its rights.
(e) The materials listed in Condition 1(a) above set out the entire agreement and understanding between the parties with respect to the subject matter hereof. It is agreed that, save in respect of liability for fraudulent misrepresentation, no party has entered into any contract pursuant to these terms in reliance on any representation, warranty or undertaking which is not expressly referred to in such materials.
13. Data Protection
14. Law and Jurisdiction
Governing Law These Conditions of Business and all aspects of all matters, transactions or disputes to which they relate or apply (including any online bids in the sale to which these Conditions apply) shall be governed by and interpreted in accordance with Hong Kong law.
Jurisdiction For the benefit of Sotheby’s, all Bidders and Sellers agree that the Hong Kong Courts are to have exclusive jurisdiction to settle all disputes arising in connection with all aspects of all matters or transactions to which these Conditions of Business relate or apply. All parties agree that Sotheby’s shall retain the right to bring proceedings in any court other than the Hong Kong Courts.
Service of Process All Bidders and Sellers irrevocably consent to service of process or any other documents in connection with proceedings in any court by facsimile transmission, personal service, delivery by mail or in any other manner permitted by Hong Kong law, the law of the place of service or the law of the jurisdiction where proceedings are instituted, at the last address of the Buyer or Seller known to Sotheby’s or any other usual address.
BUYING AT AUCTION – WINE & SPIRITS SALES
Buying at Auction The following pages are designed to give you useful information on how to buy at auction. Sotheby’s staff as listed at the front of this catalogue will be happy to assist you. However, it is important that you read the following information carefully and note that Sotheby’s acts for the seller; you should refer in particular to Conditions 3 and 4 of the Conditions of Business for Buyers printed in this catalogue.
Prospective bidders should also consult www.sothebys.com for the most up to date cataloguing of the property in this catalogue.
Buyer’s Premium and Overhead Premium A buyer’s premium and overhead premium will be added to the hammer price and is payable by the buyer as part of the total purchase price. The buyer’s premium is 24% of the hammer price. The overhead premium, which covers an allocation of Sotheby's overhead costs relating to our facilities, property handling and other administrative expenses, is 1% of the hammer price
1. BEFORE THE AUCTION
Deposit If you wish to bid on (
) lots in the printed catalogue and (
) lots in the eCatalogue, you may be requested by Sotheby’s to deliver to Sotheby’s a deposit of HK$5,000,000 or such other higher amount as may be determined by Sotheby’s (for any items of Chinese Works of Art, Fine Chinese Paintings, Fine Classical Chinese Paintings, Magnificent Jewels & Jadeite and Modern & Contemporary Art – Evening Sale) and of HK$2,000,000 or such higher amount as may be determined by Sotheby’s (for any items in other categories), and any financial references, guarantees and/or such other security as Sotheby’s may require in its absolute discretion as security for the bid.
For any lots other than Premium Lots, regardless of the low pre-sale estimate for the lot, Sotheby’s reserves the right to request from prospective bidders to complete the preregistration application form and to deliver to Sotheby’s a deposit of HK$1,000,000 or such higher amount as may be determined by Sotheby’s (for any items of Chinese Works of Art, Fine Chinese Paintings, Fine Classical Chinese Paintings, Magnificent Jewels & Jadeite and Modern & Contemporary Art – Evening Sale) and of HK$500,000 or such other higher amount as maybe determined by Sotheby’s (for any items in other categories) and any financial references, guarantees and/or such other security as Sotheby’s may require in its absolute discretion as security for the bid.
Bidding in advance of the Live Auction Certain auctions have a period of online bidding followed by a live auction. In such cases, if you are unable to attend the live auction in person and wish to place bids, or simply wish to bid in advance of the live auction, you may do so on sothebys.com or via the Sotheby's App (each an "Online Platform" and together, the "Online Platforms"). In order to do so, you must register an account with Sotheby's and provide the requested information. Once you have done so, navigate to your desired lot and click the “Place Bid” button to start the process. You may bid at or above the starting bid displayed on the Online Platforms. Please note that Sotheby's reserves the right to amend the starting bid prior to the start of the live auction. You may also input your maximum bid which, upon confirmation, will be executed automatically up to this predefined maximum value, in response to other bids, including bids placed by Sotheby's on behalf of the seller, up to the amount of the reserve (if applicable). The current leading bid will be visible to all bidders; the value and status of your maximum bid will be visible only to you. If the status of your bid changes, you will receive notifications via email and push (if you have enabled push notifications on your device) prior to the start of the live auction. You may raise your maximum bid at any time in advance of the live auction. Please note that in certain circumstances clients who have been outbid may be reinstated as the leading bidder and will receive notification via email or push (if enabled on your device). Please refer further to the "BIDDING IN THE SALE” section below. Online bids are made subject to the Additional Terms and Conditions for Online Bidding, which are published below and can also be viewed at sothebys.com, as well as the Conditions of Business applicable to the sale. Online bidding may not be available for Premium Lots.
Pre-sale Estimates Pre-sale estimates are intended as a guide for prospective buyers. Any bid between the high and low pre-sale estimates would, in our opinion, offer a chance of success. However, all lots can realise prices above or below the pre-sale estimates. It is advisable to consult us nearer the time of sale as estimates can be subject to revision. The estimates do not include the buyer’s premium.
Cataloguing of old Wines and Spirits Wines and spirits are catalogued as accurately as possible at the time of going to press including the levels. However, such levels may change between cataloguing and sales. This may be caused by the ageing of the cork or by a change in the temperature of the storage conditions or the shipment of the wines and spirits. Additionally, there is a risk of cork failure in old wines and spirits which must be taken into account by the potential purchasers. Purchasers must take into consideration the natural variations and conditions of cases, labels, ullages, corks, wines and spirits. Except as set out in Sotheby’s Authenticity Guarantee. Sotheby’s is unable to accept returns.
Cautionary Notes Sotheby’s will not entertain any price negotiation or credit after the delivery is made and returns will not be accepted. Under no circumstances will substitutes be provided by Sotheby’s; for example in case of breakage or error of description.
Condition of Lots Prospective buyers are encouraged to inspect the property at the pre-sale exhibitions. Solely as a convenience, Sotheby’s may provide condition reports. The absence of reference to the condition of a lot in the catalogue description does not imply that the lot is free from faults or imperfections. Please refer to Condition 3 of the Conditions of Business for Buyers printed in this catalogue.
2. BIDDING IN THE SALE
Bidding at the Live Auction Following any applicable online bidding period, bids may be executed during the live auction in person, on the telephone or online via an Online Platform. Auction speeds vary, but average between 50 and 200 lots per hour. The bidding steps are generally in increments of approximately 10% of the previous bid.
Please refer to Conditions 5 and 6 of the Conditions of Business for Buyers printed in this catalogue.
Bidders using an Online Platform are subject to the Additional Terms and Conditions for Online Bidding, which are published below and can also be viewed at sothebys.com, as well as the Conditions of Business applicable to the sale. Online bidding may not be available for Premium Lots.
Bidding in Person If you would like to bid in person, you may register for prior to the start of the live auction through an Online Platform or by contacting Sotheby’s. Alternatively, you may register for a paddle upon entering the saleroom. Proof of identity will be required. If you are a first-time bidder, you will also be asked for your address, phone number, email address and signature in order to create your account. If you have a Sotheby’s Client Card, it will facilitate the registration process. If you wish to register to bid on a Premium Lot, please see the paragraph above. Should you be the successful buyer of a lot, please ensure that your paddle can be seen by the auctioneer and that it is your number that is called out.
Should there be any doubts as to price or buyer, please draw the auctioneer’s attention to it immediately. All lots sold will be invoiced to the name and address in which the paddle has been registered and cannot be transferred to other names and addresses. Please do not mislay your paddle; in the event of loss, inform the Sales Clerk immediately. At the end of the sale, please return your paddle to the registration desk.
Absentee Bids For some sales (other than where the option to Advance Bid (as defined below) is enabled and a current bid is visible on the Online Platforms), if you are unable to attend the live auction in person, you may place your maximum bid prior to the start of the live auction on an Online Platform or by submitting your maximum bid in writing to Sotheby’s. When the lot that you are interested in comes up for sale, the auctioneer will execute the bid on your behalf, making every effort to purchase the lot for as little as possible and never exceeding your limit. This service is free and confidential.
Telephone Bids If you cannot attend the auction, it may be possible to bid on the telephone on lots with a minimum low estimate of HK$15,000. As the number of telephone lines is limited, it is necessary to make arrangements for this service 24 hours before the sale.
We also suggest that you leave a maximum bid which we can execute on your behalf in the event we are unable to reach you by telephone. Multilingual staff are available to execute bids for you. Telephone bids are accepted only at Sotheby’s discretion and at the caller’s risk. Calls may also be recorded at Sotheby’s discretion. By bidding on the telephone, prospective buyers consent thereto. Please refer to Condition 5 of the Conditions of Business for Buyers published below.
Advance Bidding For certain sales, bidders may submit bids in advance of the live auction (“Advance Bid”) through an Online Platform, as described above or by submitting your maximum bid in writing to Sotheby’s. For these sales, if you submit an Advance Bid prior to the live auction, the system will automatically bid on your behalf up to and including your predetermined maximum Advance Bid in response to other bids and will alert you via email and push notifications (if enabled on your device). During the live auction, if your Advance Bid remains as the leading bid, the auctioneer will execute your bid on your behalf in response to other bids. You may also continue to bid during the live auction above your predetermined maximum Advance Bid via an Online Platform using the Live Online Bidding method described below.
Live Online Bidding If you cannot attend the live auction, it is possible to bid live online via an Online Platform. For information about registering to bid via an Online Platform please refer to www.sothebys.com.
The online bidding service is not available for premium lots.
Consecutive and Responsive Bidding The auctioneer may open the bidding on any lot by placing a bid on behalf of the seller.
The auctioneer may further bid on behalf of the seller, up to the amount of the reserve, by placing consecutive or responsive bids for a lot. Please refer to Condition 6 of the Conditions of Business for Buyers published below.
Employee Bidding Sotheby’s employees may bid only if the employee does not know the reserve and fully complies with Sotheby’s internal rules governing employee bidding.
US Economic Sanctions The United States maintains economic and trade sanctions against targeted foreign countries, groups and organisations. There may be restrictions on the import into the United States of certain items originating in sanctioned countries, including Burma, Cuba, Iran, North Korea and Sudan. The purchaser’s inability to import any item into the US or any other country as a result of these or other restrictions shall not justify cancellation or rescission of the sale or any delay in payment. Please check with the specialist department if you are uncertain as to whether a lot is subject to these import restrictions, or any other restrictions on importation or exportation.
3. THE AUCTION
Conditions of Business Sotheby’s auctions are governed by the Conditions of Business for Sellers and Buyers and the Authenticity Guarantee. These apply to all aspects of the relationship between Sotheby’s and actual and prospective bidders and buyers. Anyone considering bidding in the auction should read them carefully. They may be amended by way of notices posted in the saleroom or by way of announcement made by the auctioneer. Online bids are made subject to the Conditions of Business applicable to the sale and the Additional Terms and Conditions for Online Bidding, which are published below and can also be viewed at sothebys.com.
Interested Parties Announcement In situations where a person who is allowed to bid on a lot has a direct or indirect interest in such lot, such as the beneficiary or executor of an estate selling the lot, a joint owner of the lot, or a party providing or participating in a guarantee of the lot, Sotheby’s will make an announcement in the sale room that interested parties may bid on the lot. In certain circumstances, interested parties may have knowledge of the reserves.
Currency Board As a courtesy to bidders, a currency board is operated in many salerooms. It displays the lot number and current bid in both Hong Kong Dollars and foreign currencies. Exchange rates are approximations based on recent exchange rate information and should not be relied upon as a precise invoice amount. Sotheby’s assumes no responsibility for any error or omission in the currency amounts shown.
4. AFTER THE AUCTION
Invoices Successful bidders will receive an invoice detailing their purchase and giving instructions for payment and clearance of goods.
Payment The buyer must present satisfactory legal documentation that he or she is at least 18 years of age. Payment is due in HK dollars immediately after the sale and may be made by the following methods: Cash, Banker’s Draft, Cheque, Wire Transfer and Credit Card (American Express, Mastercard, Union Pay & Visa). It is against Sotheby’s general policy to accept single or multiple related payments in the form of cash or cash equivalents in excess of HK$80,000.
It is Sotheby’s policy to request any new clients or buyers preferring to make a cash payment to provide proof of identity (by providing some form of government issued identification containing a photograph, such as a passport, identity card or driver’s licence) and confirmation of permanent address. Thank you for your co-operation.
Cheques and drafts should be made payable to Sotheby’s Hong Kong Limited. Although personal and company cheques drawn in HK dollars on Hong Kong banks are accepted, you are advised that property will not be released until such cheques have cleared unless you have a prearranged Cheque Acceptance Facility. Forms to facilitate this are available from the Finance Department in Hong Kong.
All charges are subject to acceptance by Sotheby’s and by American Express, Mastercard, China UnionPay or Visa, as the case may be. In the case a charge is not approved, you will nevertheless be liable to Sotheby’s for all sums incurred by you. Credit card purchases may not exceed HK$1,000,000. For all new clients to Sotheby’s or those whom we have not transacted before, we reserve the right to accept credit card payments presented in person only. For further details please contact the Post Sale Services Department on +852 2822 5533.
Please note that Sotheby’s reserves the right to decline payments received from anyone other than the buyer of record and that clearance of such payments will be required. Please contact our Post Sale Services if you have any questions concerning clearance.
We reserve the right to seek identification of the source of funds received.
New Clients If you have opened a new account with Sotheby’s since 1 December 2002, and have not already provided appropriate identification, you will be asked to present documentation confirming your identity before property can be released to you. We may also contact you to request a bank reference. Please provide government issued photographic identification such as a passport, identity card or driver’s licence and confirm your permanent address.
The Conditions of Business require buyers to pay immediately for their purchases. However, in limited circumstances and with the seller’s agreement, Sotheby’s may grant buyers it deems creditworthy the option of paying for their purchases on an extended payment term basis. Credit terms must be arranged prior to the sale. In advance of determining whether to grant the extended payment terms, Sotheby’s may require credit references and proof of identity and residence.
To arrange shipping or collection, please contact:
Post Sale Services
(Mon to Fri 9:30a.m. to 6:00 p.m.)
+852 2822 5533
FAX +852 2501 4266
For details, please refer to Location, Storage, Collection and Delivery of Wines page published below.
It is Sotheby’s policy to request proof of identity on collection of a lot. Lots will be released to you or your authorised representative when full and ﬁnal payment has been received by Sotheby’s, appropriate photographic identiﬁcation has been made, and a release note has been provided by Sotheby’s (open Monday to Friday 9:30am - 6pm).
If you are in doubt about the location of your purchases, please contact the Sale Administrator prior to arranging collection. Removal, storage and handling charges may be levied on uncollected lots. Please refer to Condition 7 of the Condition of Business for Buyers printed in this catalogue.
Loss or Damage Buyers are reminded that Sotheby’s accepts liability for loss or damage to lots for a maximum period of thirty (30) days after the date of the auction. Please refer to Condition 7 of the Conditions of Business for Buyers printed in this catalogue.
5. EXPLANATION OF SYMBOLS
Symbol Key The following key explains the symbols you may see inside this catalogue.
✧ Premium Lots In order to bid on “Premium Lots” (
in print catalogueor
in eCatalogue), Sotheby’s may request from prospective bidders to complete the pre-registration application form and to deliver to Sotheby’s a deposit of HK$5,000,000 or such other higher amount as may be determined by Sotheby’s (for any items of Chinese Works of Art, Fine Chinese Paintings, Fine Classical Chinese Paintings, Magnificent Jewels & Jadeite and Modern & Contemporary Art – Evening Sale) and of HK$2,000,000 or such other higher amount as may be determined by Sotheby’s (for any items in other categories), and any financial references, guarantees and/or such other security as Sotheby’s may require in its absolute discretion as security for the bid. Please bear in mind that we are unable to obtain financial references over weekends or public holidays. Sotheby’s decision whether to accept any pre-registration application shall be final. If your application is accepted, you will be provided with a special paddle number. If all lots in the catalogue are “Premium Lots”, a Special Notice will be included to this effect and this symbol will not be used.
○ Guaranteed Property
The seller of lots with this symbol has been guaranteed a minimum price from one auction or a series of auctions. This guarantee may be provided by Sotheby’s, by a third party or jointly by Sotheby’s and a third party. Third parties providing all or part of a guarantee benefit financially if a guaranteed lot is sold successfully and may incur a loss if the sale is not successful. A third party providing a guarantee jointly with Sotheby’s may provide an irrevocable bid, or otherwise bid, on the guaranteed property. If the Guaranteed Property symbol for a lot is not included in the printing of the auction catalogue, a pre-sale or pre-lot announcement will be made indicating that there is a guarantee on the lot. If every lot in a catalogue is guaranteed, the Important Notices in the sale catalogue will so state and this symbol will not be used for each lot.
△ Property in which Sotheby’s has an Ownership Interest
Lots with this symbol indicate that Sotheby’s owns the lot in whole or in part or has an economic interest in the lot equivalent to an ownership interest. If all lots in the catalogue are lots in which Sotheby’s has an ownership interest, a Special Notice will be included to this effect and the triangle symbol will not be used.
⋑ Irrevocable Bids
Lots with this symbol indicate that a party has provided Sotheby’s with an irrevocable bid on the lot that will be executed during the sale at a value that ensures that the lot will sell. The irrevocable bidder, who may bid in excess of the irrevocable bid, will be compensated based on the final hammer price in the event he or she is not the successful bidder. If the irrevocable bidder is the successful bidder, he or she will be required to pay the full Buyer’s Premium and Overhead Premium and will not be otherwise compensated. If the irrevocable bid is not secured until after the printing of the auction catalogue, a prelot announcement will be made indicating that there is an irrevocable bid on the lot. If the irrevocable bidder is advising anyone with respect to the lot, Sotheby’s requires the irrevocable bidder to disclose his or her financial interest in the lot. If an agent is advising you or bidding on your behalf with respect to a lot identified as being subject to an irrevocable bid, you should request that the agent disclose whether or not he or she has a financial interest in the lot.
⊻ Interested Parties
Lots with this symbol indicate that parties with a direct or indirect interest in the lot may be bidding on the lot, including (i) the beneficiary of an estate selling the lot, or (ii) the joint owner of a lot. If the interested party is the successful bidder, they will be required to pay the full Buyer’s Premium and Overhead Premium. In certain instances, interested parties may have knowledge of the reserve. In the event the interested party’s possible participation in the sale is not known until after the printing of the auction catalogue, a prelot announcement will be made indicating that interested parties may be bidding on the lot.
□ No Reserve
Unless indicated by a box ( ), all lots in this catalogue are offered subject to a reserve. A reserve is the confidential hammer price established between Sotheby’s and the seller and below which a lot will not be sold. The reserve is generally set at a percentage of the low estimate and will not exceed the low estimate for the lot. Where a lot is offered “without reserve” absentee bids will be executed at a minimum of 10% of the low estimate. If any lots in a sale are offered without a reserve, these lots are indicated by a box ( ). If all lots in a sale are offered without a reserve, a Special Notice will be included to this effect and the box symbol will not be used.
6. ADDITIONAL SERVICES
Sotheby’s Financial Services* Sotheby’s offers a wide range of financial services including advances on consignments, as well as loans secured by art collections not intended for sale. This is not an offer or solicitation and the services are subject to the laws and regulations of the jurisdictions in which the services are provided. For further information please contact Sotheby’s Financial Services in London at +44 20 7293 6005.
Auction Estimates If you are considering selling property, we can provide you with our opinion of the likely sale value of your property if offered in a Sotheby’s auction. We advise you to make an appointment with the relevant expert department.
Valuations Our Valuation team specialises in appraisals of large private collections and can provide you with both a complete inventory and a detailed valuation for each individual item. This service is offered at competitive rates and is available if you are considering a sale or if you require the information for insurance, probate, asset management, tax management or estate planning purposes. For more details, please contact us on (852) 2524 8121, Fax (852) 2810 6238.
SOTHEBY’S AUTHENTICITY GUARANTEE FOR WINE: If Sotheby’s sells any wine which the Buyer subsequently shows to Sotheby’s reasonable satisfaction to be a “counterfeit”, subject to the terms below Sotheby’s will set aside the sale and refund to the Buyer the total amount paid by the Buyer to Sotheby’s for such wine, in the currency of the original sale.
For these purposes, “counterfeit” means a wine that in Sotheby’s reasonable opinion is an imitation created to deceive as to producer and vintage, where the correct description of the producer and vintage is not reflected by the description in the catalogue.
The Guarantee is provided for a period of twenty-one (21) days from the date of the relevant auction, is solely for the benefit of the original Buyer of record and may not be transferred to any third party.
To be able to claim under this Guarantee, the Buyer must:
(i) notify Sotheby’s in writing within such 21 day period of the reasons for believing the wine to be counterfeit, specifying the lot number, date of the auction at which it was purchased; and
(ii) return the item to Sotheby’s at the original selling location in the same condition as at the date of sale to the Buyer and be able to transfer good title to the lot, free from any third party claims arising after the date of the sale. Sotheby’s has discretion to waive any of the above requirements. Sotheby’s may require the Buyer to obtain at the Buyer’s cost the reports of two independent and recognised experts in the field, mutually acceptable to Sotheby’s and the Buyer.
Sotheby’s shall not be bound by any reports produced by the Buyer, and reserves the right to seek additional expert advice at its own expense.
In the event Sotheby’s decides to rescind the sale under this Guarantee, it may refund to the Buyer the reasonable costs of up to two mutually approved independent expert reports. Subject to the above, in the event that Sotheby’s determines that the Property is “counterfeit”, as the Buyer’s sole remedy Sotheby’s will rescind the sale and the seller will return the purchase price for the lot to the Buyer. Neither Sotheby’s nor the seller shall be liable for any incidental or consequential damages incurred or claimed, including without limitation, loss of profits or interest.
TAX INFORMATION FOR BUYERS
SALES AND USE TAXES
Buyers should note that local sales taxes or use taxes may become payable upon import of items following purchase (for example, use tax may be due when purchased items are imported into certain states in the US). Buyers should obtain their own advice in this regard.
In the event that Sotheby’s ships items for a purchaser in this sale to a destination within a US state in which Sotheby’s is registered to collect sales tax, Sotheby’s is obliged to collect and remit the respective state’s sales /use tax in effect on the total purchase price (including hammer price, buyer’s premium, overhead premium and any shipping services, including insurance), of such items, regardless of the country in which the purchaser resides or is a citizen. Where the purchaser has provided Sotheby’s with a valid Resale Exemption Certificate prior to the release of the property, sales / use tax will not be charged. Clients who wish to provide resale or exemption documentation for their purchases should contact Post Sale Services.
ADDITIONAL TERMS AND CONDITIONS FOR ONLINE BIDDING
The following terms and conditions (the “Online Terms”) provide important information related to live online bidding on sothebys.com or via the Sotheby’s App (each, an “Online Platform” and together, the “Online Platforms”).
These Online Terms are in addition to and subject to the same law which governs our standard Conditions of Business for Sellers, Conditions of Business for Buyers, the authenticity guarantee and any other terms that are applicable to the relevant sale (together “Conditions of Business”), and are not intended in any way to replace them. By participating in this sale via any Online Platform, you acknowledge that you are bound by the Conditions of Business applicable in the relevant sale and by these Online Terms.
1. In the case of certain auctions, bidders can bid in advance of the live auction through an Online Platform (“Advance Bids”). In order to do so, you must register an account with Sotheby’s and provide requested information. You may bid at or above the starting bid displayed on the relevant Online Platform. Please note that Sotheby’s reserves the right to amend the starting bid prior to the start of the live auction.
You may also input a maximum bid which, upon confirmation, will be executed automatically up to this predefined maximum value, in response to other bids, including bids placed by Sotheby’s on behalf of the seller, up to the amount of the reserve (if applicable). Please note that reserves may be set at any time before the start of the live auction and your maximum bid may be executed against the reserve once such the reserve is set. Bids placed by Sotheby’s on behalf of the seller, up to the amount of the reserve, will be counted towards the total bid count displayed on the Online Platform.
The current leading bid will be visible to all bidders; the value and status of your maximum bid will be visible only to you unless it is the leading bid. If the status of your bid changes, you will receive notifications via email and push (if you have the Sotheby’s App installed) leading up to the live auction. You may raise your maximum bid at any time in advance of the live auction. Once the live auction begins, the auctioneer will open bidding at the current leading bid. The system will continue to bid on your behalf up to your predetermined maximum bid, or you may continue to bid via an Online Platform during the live auction at the next increment. You may nevertheless lower your maximum bid prior to the live auction by contacting the Bids Department, except that you may not lower it to a level lower than the current leading bid.
Please note that in certain circumstances, clients who have been outbid may be reinstated as the leading bidder and will receive notification via email or push (if enabled on your device)
Live Online Bidding
2. Once it commences, a live auction is by its nature fast-moving and bidding may progress very quickly. The procedure for placing bids online during the live auction is therefore a one-step process; as soon as the “Place Bid” button is clicked, a bid is submitted. By bidding online, you accept and agree that bids submitted in this way are final and that you may not be permitted to amend or retract your bid. If a successful bid is sent to Sotheby’s from an Online Platform using your Sotheby’s account, you irrevocably agree to pay the full purchase price, including buyer’s premium, overhead premium and all applicable taxes and other applicable charges. You may nevertheless lower your maximum bid prior to the live auction by contacting the Bids Department, except that you may not lower it to a level lower than the current leading bid.
3. The next bidding increment is shown for your convenience. The auctioneer has discretion to vary increments for bidders in the auction room and on the telephone but bidders using an Online Platform to bid may not be able to place a bid in an amount other than a whole bidding increment. All bidding for the sale will be in the domestic currency of the sale location, and online bidders will not be able to see the currency conversion board that may be displayed in the auction room.
General use of an Online Platform
4. By bidding via an Online Platform, you accept and agree that bids submitted in this way are final and that you may not be permitted to amend or retract your bid. If a successful bid is sent to Sotheby’s from an Online Platform using your Sotheby’s account, you irrevocably agree to pay the full purchase price, including buyer’s premium, overhead premium and all applicable taxes and other applicable charges.
5. The record of sale kept by Sotheby’s will be taken as absolute and final in all disputes. In the event of a discrepancy between any online records or messages provided to you and the record of sale kept by Sotheby’s, the record of sale will govern.
6. Online bidders are responsible for making themselves aware of all saleroom notices and announcements which will be accessible on the Online Platforms.
7. Sotheby’s reserves the right to refuse or revoke permission to bid via Online Platforms and to remove bidding privileges during a sale.
8. The purchase information shown in the “My Bids” section of the Sotheby’s App and in the “Account Activity” section of “My Account” on sothebys.com is provided for your convenience only. Successful bidders will be notified and invoiced after the sale. In the event of any discrepancy between the online purchase information which may or may not be shown in the My Bids section and the invoice sent to you by Sotheby’s following the sale, the invoice prevails. Terms and conditions for payment and collection of property remain the same regardless of how the winning bid was submitted.
9. Sotheby’s offers online bidding as a convenience to our clients. Sotheby’s is not responsible for any errors or failures to execute bids placed online, including, without limitation, errors or failures caused by (i) a loss of connection to the internet or to the online bidding software by either Sotheby’s or the client; (ii) a breakdown or problems with the online bidding software; or (iii) a breakdown or problems with a client’s internet connection, computer or electronic device. Sotheby’s is not responsible for any failure to execute an online bid or for any errors or omissions in connection therewith.
10. Online bidding will be recorded.
11. In the event of any conflict between theses Online Terms and Sotheby’s Conditions of Business and the terms of Sotheby’s Authenticity Guarantee, Sotheby’s Conditions of Business and Authenticity Guarantee will control.
LOCATION, STORAGE, COLLECTION AND DELIVERY OF WINES
Wines offered lying in Hong Kong Wines may be sold and delivered only to persons who are 18 years old. Buyer warrants that he/she is at least 18 years of age. Buyer shall be responsible for the shipment of these wines being received by a person at least 18 years of age or over. Except where otherwise stated, all lots are offered lying in Hong Kong at the warehouse of Crown Wine Cellars Limited (“Crown Wine Cellars”). Please refer to Crown Wine Cellars Limited Conditions of Services and Crown Wine Cellars’ Shipping, Collection and Storage page printed in this catalogue. Collections Collection from Crown Wine Cellars will be by appointment only. At least 7 days’ notice must be given. All clients (or their agents e.g. shippers) must examine all purchases or consignments in the presence of Crown Wine Cellars’ staff at Crown Wine Cellars’ premises from which they are collected. It is both Sotheby’s and Crown Wine Cellars’ policy to request proof of identity on collection of a lot. Lots will be released to you by Crown Wine Cellars or your authorised representative when full and cleared payment has been received by Sotheby’s in Hong Kong. Removal, interest, storage and handling charges will be levied on uncollected lots. Please refer to Crown Wine Cellars Limited Conditions of Services printed in this catalogue.
Release of Lots Authority for the release of lots to the buyer will be a Release Note issued by Sotheby’s to Crown Wine Cellars, which will be issued only after full payment has been received, appropriate identification, and delivery instructions has been provided. Crown Wine Cellars will then pass the Release Note to the buyer to sign. All enquiries relating to delivery should be directed to Crown Wine Cellars after the Release Note has been issued by Sotheby’s.
Hong Kong Delivery The wines will be delivered by Crown Wine Cellars in accordance with the Buyer’s instructions in the Delivery Instruction Form. Please note that Sotheby’s does not ship wine to buyers. Sotheby’s will forward to Crown Wine Cellars all delivery and collection requests received from buyers. On behalf of the buyer, Crown Wine Cellars will arrange shipping or schedule a collection, subject to applicable law. All shipping and insurance costs and expenses must be pre-paid. A lot can only be delivered to one address, and you cannot split a lot for delivery to more than one addresses.
Delivery outside Hong Kong Sotheby’s and Crown Wine Cellars cannot arrange nor take responsibility for shipments to non-Hong Kong addresses. For shipments outside of Hong Kong, Sotheby’s Wine will be pleased to introduce the purchaser to a forwarding agent. Where it is necessary to have a licence to import wines, procural of the licence shall be the sole responsibility of the purchaser. All agents/ shippers collecting wine on behalf of purchaser for non-Hong Kong shipments must examine consignments in the presence of Crown Wine Cellars’ staff at Crown Wine Cellars’ premises from which they are collected. Sotheby’s will not refund any shipping charges under any circumstances. Please be advised that most countries regulate the shipment of wine. We urge you to investigate your country’s regulations before bidding or arranging for shipment of wine into your country. Neither Sotheby’s nor Crown Wine Cellars shall as a condition of sale assume any obligation nor bear any responsibility whatsoever for applying for or obtaining any permits or licenses. Therefore, all bidders are strongly advised to investigate the specific requirements to determine the manner in which alcoholic beverages shall be brought into their country so as to comply with all local regulations. Crown Wine Cellars and Sotheby’s make no representation to the legal rights of anyone to ship or import alcoholic beverages into any country. Wines may be sold and delivered only to persons who are of and above legal age (18 years old or above in Hong Kong); please check local laws.
Re-packing of Wines for Shipping outside Hong Kong Sotheby’s and Crown Wine Cellars strongly recommend wines be re-packed into styrofoam cartons for any shipment outside Hong Kong. While Crown Wine Cellars cannot arrange nor take responsibility for shipments outside Hong Kong, at the buyer’s request they can re-pack wines into styrofoam cartons at the rate of HK$160 per case of 6 bottles and HK$320 per case of 12 bottles, with a minimum charge of HK$160. Such fees must be paid in cash upon collection of the wines by the buyer or their shipping agent. It is the responsibility of the buyer or their shipping agent to request this service from Crown Wine Cellars, otherwise wines may be released in cartons not suitable for international shipping. Neither Sotheby’s nor Crown Wine Cellars take any responsibility for breakage of wines in during shipment, regardless of whether the wines have been re-packed or not. When requesting wines to be re-packed, please indicate to Crown Wine Cellars whether you do not want your shipper to collect any original wooden case.
Crown Wine Cellars will also release any original wooden case to the shipper, unless otherwise instructed by the buyer.
Export The export of any lot from Hong Kong or import into any other country may be subject to one or more export or import licences being granted. It is the buyer’s responsibility to obtain any relevant export or import licence. The denial of any licence required or delay in obtaining such licence cannot justify the cancellation of the sale or any delay in making payment of the total amount due. Sotheby’s recommends that you retain all import and export papers, including licences, as in certain countries you may be required to produce them to governmental authorities.
Non-arrival, loss, breakage and shortage Loss, breakage and shortage should be notified to both Sotheby’s and Crown Wine Cellars in writing within three days of delivery, which must be examined in the presence of the carrier on arrival. In the event of non-arrival, the buyer must inform both Sotheby’s and Crown Wine Cellars in writing within 21 days of the date of the Release Order.
NOTE: Neither Sotheby’s nor Crown Wine Cellars is responsible for any acts or omission of any shipper, including, without limitation, any packing, shipping, delivery or insurance for purchased lots.
競投人務請細閱下文規則第3 及4 條, 該兩條要求競投人在競投前檢查拍賣品, 並闡述了蘇富比及賣家之法律責任之具體限制及豁免。有關蘇富比所持有之限制及豁免符合其作為大量不同種類貨品拍賣官之身份, 競投人應特別注意該等規則。
(ii) 賣家業務規則展示在拍賣會場( 可於蘇富比之香港拍賣會場或致電 (852) 2524 8121 索取 )
(iii) 銷售圖錄所載之蘇富比真品保證 及
(iv) 蘇富比刊載之任何附加通知及條款, 包括
(v) 就透過網上平台進行網上競投而言, 則參照下列的「網上競投之額外條款及細則」，亦可在蘇富比網站www.sothebys.com 或蘇富比應用程式上閱覽，在各情況下按任何拍賣會場通知或拍賣官於拍賣現場時所公佈而修訂。
(b) 蘇富比作為拍賣官, 以賣家之代理身份行事。賣家與買家直接訂立銷售合約。然而, 蘇富比可能擁有拍賣品(及在該情況下以主事人之身份作為賣家行事) 及/或可能以抵押債權人或其他身份擁有拍賣品之法律、實益或財務利益。
「競投人」指以任何方式考慮、作出或嘗試競投之任何人士 , 包括買家在內 ;
「買家」指拍賣官所接納最高競投價或要約之人士 , 包括以代理人身份競投之人士之委託人 ;
「贋品 」指蘇富比真品保證所定之涵義 ;
「落槌價」指拍賣官以擊槌接納之最高競投價, (倘為葡萄酒, 則參考該批拍賣品內可個別識別之物品數目按合適比例), 或倘為拍賣後銷售 , 則為協定出售價;
「蘇富比」指Sotheby’s Hong Kong Ltd., 其註冊辦事處位於香港皇后大道東 183 號合和中心 54 樓 ;
「蘇富比公司」指於美國的蘇富比; 其任何附屬公司(包括蘇富比); Sotheby’s DiamondsSA 及其任何附屬公司(定義見香港法例第 622 章《公司條例》第 2 條)。
(a) 蘇富比對各拍賣品之認識部份依賴賣家向其提供之資料, 蘇富比無法及不會就各拍賣品進行全面盡職審查。競投人知悉此事, 並承擔檢查及檢驗之責任, 以使彼等對可能感興趣之拍賣品感到滿意。
(b) 蘇富比提呈出售之各拍賣品於出售前可供競投人檢查。在競投人(鑑於有關拍賣品之性質及價值及競投人之專業知識而言屬合適者, 以及代表彼等之獨立專家) 已當作在投標前全面檢驗拍賣品, 並滿意拍賣品之狀況及其描述之準確性, 蘇富比方會接受競投人對拍賣品之競投。
(c) 競投人明白眾多拍賣品年代久遠及種類特殊, 意味拍賣品並非完好無缺。所有拍賣品均以拍賣時之狀態出售(無論競投人是否出席拍賣)。狀況報告或可於檢查拍賣品時提供。圖錄描述及狀況報告在若干情況下可用作拍賣品某些瑕疵之參考, 然而, 競投人應注意, 拍賣品可能存在其他在圖錄或狀況報告內並無明確指出之瑕疵。解說只供鑑定用途, 將不會載有拍賣品實際狀況之全部資料。
(d) 提供予競投人有關任何拍賣品之資料包括任何估價(無論為書面或口述) 及包括任何圖錄所載資料、規則或其他報告、評論或估值, 該等資料並非事實之陳述, 而是蘇富比所持確實意見之聲明, 故不應依賴任何估價作為拍賣品售價或價值之估價, 且該等資料可由蘇富比不時全權酌情決定修改。
(f) 受上文規則第3(a) 至3(e) 條所載事項及下文規則第4 條所載特定豁免所規限, 蘇富比在圖錄描述或狀況報告作出之明示聲明, 應以該等規則有關之出售中有關拍賣品之拍賣官身份相符之合理審慎態度作出; 以及基於 (i) 賣家向其提供之資料; (ii) 學術及技術知識; 及 (iii) 相關專家普遍接納之意見作出之明示聲明, 在各情況下以作出明示之時為準。
(a) 倘蘇富比認為拍賣品為贋品並符合真品保證內各條件, 將向買家退回買入價。
(b) 就上文規則第3 條之事項而言及受規則第4(a) 及4(e) 條所規限, 蘇富比公司或賣家均毋須:
(i) 對蘇富比(或任何蘇富比公司)向競投人以口述或書面提供之資料之任何錯誤或遺漏負責, 無論是由於疏忽或其他原因引致, 惟上文規則第 3(f) 條所載者除外;
(ii) 向競投人作出任何擔保或保證, 於賣家之業務規則第2 條中賣家向買家作出之明示保證以外之任何暗示保證及條件則不包括在內(惟法律規定不可免除之責任除外);
(d) 在不影響規則第4(b) 條之情況下, 競投人向蘇富比或賣家提出之任何索賠以該拍賣品之買入價為限。蘇富比或賣家在任何情況下均毋須承擔任何相應而生的損失。
(e) 本規則第4 條概不免除或限制蘇富比有關蘇富比或賣家作出之任何具欺詐成份之失實聲明, 或有關蘇富比或賣家之疏忽行為或遺漏而導致之人身傷亡之責任。
(a) 蘇富比可全權酌情決定拒絕任何人參與現場拍賣會。競投人如欲親身競投，必須填妥競投登記表格, 並提供蘇富比所需資料及參考。除獲蘇富比事先 書面同意以另一方之代表身份出價, 否則競投人必須以主事人身份行事。競投人須對出價 負上個人責任如以代理身份出價, 則須共同 及分別向其主事人負責。
(b) 如許可, 蘇富比可免費提供電話競投作為附加服務, 惟風險由競投人承擔, 而該等服務會在蘇富比於現場拍賣時其他承諾之規限下合理謹慎地進行。蘇富比毋須就未能作出該競投承擔責任, 除非在不合理的情況下。電話競投可能會被錄音。
(c) 除本業務規則外，網上競投亦受「網上競投之額外條款及細則」(下列) 約束, 亦可在蘇富比網站www.sothebys.com 或蘇富比應用程式上閱覽。
(a) 除另有訂明外, 否則所有拍賣品均訂有底價, 底價不高於現場拍賣開始前時的低估價。
(b) 拍賣官可隨時絕對酌情決定拒絕或接受任何競投、撤回任何拍賣品、重新出售拍賣品(包括在擊槌後), 以及採取其合理地認為是合適之其他行動。
(c) 在現場拍賣期間，拍賣官會在彼認為合適之水平及增幅下開始及進行競投, 並有權代表賣家作出競投或一連串競投, 惟以拍賣品底價為限, 而毋須表示彼正進行該等行動及是否已作出其他競投。
(d) 受規則第6(b) 條所限, 買家與賣家之間的合約於拍賣官擊槌時訂立, 擊槌時買家即有責任支付買入價。
(e) 於拍賣會後出售任何在拍賣會上出售之拍賣品, 本規則亦適用, 而且與現場拍賣出售無異。
(a) 除非另有協定, 否則不論拍賣品之出口、進口或其他許可證之任何規定為何, 均必須於現場拍賣會結束(「到期日」)後立即以港幣支付拍賣品之買入價及任何買家之費用。
(b) 所購拍賣品之擁有權將於蘇富比悉數收取買入價及買家之費用後方可轉移。蘇富比概無責任在拍賣品之擁有權經轉移及合適之證明經已提供前將拍賣品交給買家, 而提早交付拍賣品不會影響擁有權之轉移或買家支付買入價及買家之費用之無條件責任。
(c) 買家有責任安排在現場拍賣會後不少於三十天 內領取已購買之拍賣品。已購買之拍賣品由
(i) 領取 或
(ii) 拍賣會後第三十一天(以較早日期為準)起之風險由買家承擔(因此購買保險為其個人之責任)。直至風險轉移前, 蘇富比將就拍賣品之任何損失或損毀向買家作出賠償, 惟以所付之買入價為最高限額。買家應注意, 蘇富比對損失或損毀責任之承擔受賣家之業務規則第6 條所載之豁免情況所限。
在不影響賣家可能擁有之任何權利下, 倘買家在未預先協定情況下未能在現場拍賣會後五天內或未能按照與蘇富比協定之任何付款安排就拍賣品支付全數款項, 蘇富比可全權決定(經知會賣家)作出以下一項或多項補救方法：
(a) 將拍賣品存放在其處所或其他地方, 風險及費用完全由買家承擔
(b) 終止拍賣品之買賣合約, 並就買家違約保留追討損害賠償之權利
(c) 以蘇富比公司結欠買家之任何金額抵銷 買家就拍賣品結欠蘇富比之任何金額, 及/或抵銷拍賣品根據以下規則第8(h) 條重售時買入價與買家之費用之間任何差額(倘多於一項拍賣品由買家於拍賣會中買入並其後被重售, 則按比例計算), 及/或抵銷蘇富比就買家違約對買家提出之任何損害賠償申索(包括但不限 於在終止買賣合約之情況下買家支付之酬金及營運附加費)
(i) 買家結欠任何蘇富比公司之任何成本、買家之費用或債務, 及/或
(ii) 拍賣品根據以下規則第8(h) 條重售時買入價與買家之費用之間任何差額(倘多於一項拍賣品由買家於拍賣會中買入並其後被重售, 則按比例計算), 及/或
(iii) 蘇富比就買家違約對買家提出之任何損害賠償申索(包括但不限於在終止買賣合約之情況下買家支付之酬金及營運附加費)。為免生疑問, 倘買家於拍賣會中買入多於一項拍賣品並已支付部分款項, 惟未能在拍賣會後五天內或未能按照與蘇富比協定之任何付款安排就其買入之所有拍品悉數支付買入價, 蘇富比有絕對酌情決定拒絕有關將上述部分付款之全部或部分用以支付買家買入任何特定拍賣品之買入價, 及/或差價及/或蘇富比所提出之損害賠償申索之任何指示或請求
(e) 拒絕買家未來作出之競投或使其就未來之競投須支付訂金該訂金在買家隨後拒絕付款或延期付款時, 蘇富比有權自行處理
(f) 收取由到期日至悉數收取買入價及有關買家之費用當日期間按不超過每月2% 之利率計算之利息
(g) 對買家由蘇富比公司管有之任何物品行使留置權。蘇富比於行使任何留置權時應知會買家, 並在發出該通知之十四天內可安排出售該物品, 以及將所得款項用於彌補結欠蘇富比之金額, 及/或抵銷拍賣品根據以下規則第8(h) 條重售時買入價與買家之費用之間任何差額(倘多於一項拍賣品由買家於拍賣會中買入並其後被重售, 則按比例計算), 及/或抵銷蘇富比就買家違約對買家提出之任何損害賠償申索(包括但不限於在終止買賣合約之情況下買家支付之酬金及營運附加費)
(h) 透過拍賣或私人出售重售拍賣品, 並由蘇富比酌情決定估價及底價。倘重售之價格低於該拍賣品之買入價及買家之費用, 買家將仍須承擔該差額, 連同是次重售產生之一切費用
(i) 展開法律訴訟, 以追討該拍賣品之買入價及買家之費用, 或就買家違約對買家提出損害賠償申索, 連同利息及完全彌償該訴訟之費用或
(j) 向賣家透露買家之名稱及地址, 使賣家得以展開法律訴訟, 以追討欠款, 或就買家違約對買家提出損害賠償申索, 及法律費用。蘇富比在向賣家透露該等資料前, 將採取合理步驟知會買家。
9. 競投人及 / 或買家擔保
(a) 競投人及 / 或買家擔保：
(ii) 用於購買物品及結算款項的資金，與任何犯罪活動（包括但不限於逃稅、洗錢、恐怖主義活動或其他犯罪活動）並無聯繫或關連，亦並非源自該等犯罪活動；且競投人 / 買家未遭受調查，亦未被指控或裁定涉及
(b) 如競投人代另一位人士或以另一方（『當事人 』）之代理人身份（在兩種情況下，就本規則第 9(b) 條而言，均為『代理人』）競投，代理人以自身身份擔保（除規則第9(a) 條所載列之擔保以外）：
(c) 競投人及 / 或買家在此承諾及擔保，所有用於購買及結算款項的資金並無任何一部分由任何受制裁人士或任何參與該交易的一方（包括金融機構、貨運代理商或其他貨運代理人或任何其他受制裁人士）支付，或由受制裁人士擁有（或部分擁有）或控制，除非該等活動獲得對該項交易具司法管轄權的政府機關以書面形式或適用法律或法規授權。
(d) 蘇富比保留尋求識別所收到資金之來源，以及向任何與我方交易之人士作出查詢的權利。如蘇富比在我方酌情決定其滿意程度之情況下，未就與競投人及 / 或買家相關之反洗錢、反恐融資或其他檢查完成其認為合適之查詢，蘇富比有權不完成或取消任何拍品之銷售（如適用），並採取適用法律所要求或允許之任何進一步行動，而毋需向競投人及 / 或買家承擔任何法律責任。
(a) 倘買家支付買入價及買家之費用, 但未於現場拍賣會後三十天內領取已購買之拍賣品, 拍賣品將收藏於蘇富比或其他第三方, 費用(及風險)由買家承擔。
(b) 倘已支付所購拍賣品之費用, 但未於現場拍賣會後六個月內領取該拍賣品, 則買家授權蘇富比(在通知買家後)安排以拍賣或私人出售重售該物品, 而估價及底價將由蘇富比酌情決定。除非買家在該拍賣會後兩年內收取該出售之所得款項扣除蘇富比產生之所有費用, 否則該筆款項將被沒收。
買家須自行負責識別及領取拍賣品之任何必要之進出口、軍火槍械、瀕臨絕種生物或其他方面之許可證, 以及填妥任何必要進出口提單、清單或文件。就相關拍品所刊載之任何符號或提示反映蘇富比於編制圖錄時所持之合理意見, 並僅為競投人提供一般指引而已。在不影響上文規則第3 及4 條之情況下, 蘇富比及賣家概不就任何拍賣品是否受進出口限制或任何 禁運作出聲明或保證。不獲發任何許可證或執照並非取消或撤銷銷售合約或任何延遲付款之充分理由。吾等概不會就任何無法完成 或遞交所需進出口提單、清單或文件而產生之任何責任負責。
(a) 拍賣會之全部影像及其他物料均屬蘇富比版權所有, 由蘇富比酌情決定之用途。
(b) 向蘇富比發出通知應以書面作出, 註明出售之負責部門及銷售之參考號碼。向蘇富比客戶發出通知應以彼等正式通知蘇富比之最新地址為收件地址。
(c) 倘因任何理由無法執行本業務規則之任何條文, 則其他條文應仍然具有十足效力及作用。
(d) 未經蘇富比之事先書面同意前, 任何買家不得本業務規則, 但對買家之繼承人、承付人及遺產執行人具有約束力。蘇富比之行動、遺漏或延遲不應視為豁免或解除其任何權利。
(e) 上文規則第1(a) 條所載之資料列明了有關各方之間就此本文所列主題之整份協議及理解。各方已協定, 除有關具欺詐成分之失實聲明之責任以外, 概無訂約方根據該等條款依賴並無明確指明該等資料之任何聲明、保證或承諾而訂立任何合約。
蘇富比會存留及處理買家的個人資料, 並可能將該資料與其他蘇富比集團公司分享, 其用途應符合刊登於蘇富比網址www.sothebys.com 的私隱政策之描述, 閣下或可電郵至 email@example.com 索取私隱政策。
司法權 就蘇富比之利益而言, 所有競投人及賣家同意香港法院擁有專有司法權, 調解所有因與該等業務規則有關或適用之所有事宜或交易之各方面而產生之爭議。各方均同意蘇富比保留權利在香港法院以外之任何法院提出訴訟。
送達法律程序文件 所有競投人及賣家不可撤回地同意透過傳真、面送方式、郵寄或香港法例、送達地點之法例或提出訴訟之司法權區之法例允許之其他方式, 將有關任何法院訴訟之法律程序文件或任何其他文件送發至買家或賣家知會蘇富比之最新地址或任何其他常用地址。
給準買家之指引 — 葡萄酒及烈酒
於拍賣會上購買 下文旨在給予閣下有關如何在拍賣會上購買之實用資料。於本圖錄前部份所列之蘇富比職員將樂意協助閣下。然而，閣下務須詳閱下列資料，並須注意蘇富比乃為賣家行事；閣下尤其應省閱載於本圖錄之買家業務規則第3 及4條。準競投人亦可瀏覽sothebys.com，查閱有關本圖錄內拍賣品之最新編目。
買家酬金及營運附加費 落槌價將加上買家酬金及營運附加費，並由買家支付，作為總買入價之一部份。買家酬金為落槌價之 24%；營運附加費涵蓋與設施、物品處理及其他行政費用相關的營運開支，為落槌價之1%。
現場拍賣會前預先競投 某些拍賣在拍賣會開始前有一段時間接受網上競投。閣下如未能親身出席此等拍賣會，並希望競投，或希望在拍賣會開始前競投，可透過網頁 sothebys.com 或蘇富比應用程式參與（各自為「網上平台」之一，合共組成「網上平台」）。為確保競投順利，閣下必須於蘇富比登記賬戶並提供所需資料。完成登記手續後，可進入目標拍品之頁面，點擊「Place Bid」按鈕進行出價。閣下之出價可能與網上平台顯示之起標價相同，或高於此金額。請留意，蘇富比保留於拍賣會開始前修改起標價之權利。閣下亦可輸入最高出價，經確認後，平台會自動代閣下競投，以回應其他競投，包括蘇富比代表賣家以底價為最高限額（如適用）之競投，直至達到閣下之最高出價為止。所有競投人均能看見拍品當前之最高出價；而閣下本人最高出價之金額及詳情只供閣下查閱。如閣下之競投情況有變，閣下將會收到電郵及推送通知（如閣下已開啟電子設備之推送通知功能），直至拍賣會開始。閣下可於拍賣會開始前任何時間提高最高出價。請留意在某些情況下，競投被超越之競投人可能會重新成為最高出價者，並收到電郵或推送通知（如閣下已開啟電子設備之推送通知功能）。請進一步參閱下文「拍賣之競投」章節。網上競投須受「網上競投之額外條款及細則」及適用於本拍賣之「業務規則」約束，「網上競投之額外條款及細則」列於下文， 在sothebys.com 上亦可供查閱。網上競投或不適用於高估價拍品。
在現場拍賣會上競投 繼任何適用的網上拍賣時段後，競投人可以親臨拍賣會，亦可使用電話競投、或透過網上平台進行網上競投。拍賣過程需時各有不同，但平均為每小時50至200 件拍賣品。每次出價通常較前一次出價高約10%。請參閱印於本圖錄之買家業務規則第5及6條。
在拍賣直播期間網上競投 如閣下無法親身出席現場拍賣會，或可透過網上平台，在拍賣直播期間參與競投。有關登記參與網上競投之詳情，請參閱 www.sothebys.com。
接連及回應競投 拍賣官可代表賣家為任何拍賣品叫出價以開始競投。 拍賣官更可代表賣家以接連及回應競投之方式繼續代賣家就拍賣品作出競投直至達到底價。請參閱載於本圖錄之買家業務規則第6 條。
美國經濟制裁 美國維持對目標海外國家、集團及組織之經濟及貿易制裁。 來自緬甸、古巴、伊朗、北韓及蘇丹等被制裁國家之某些物品可能在進口美國時受到限制。因上述或其他限制而導致買家無法將物品進口至美國或任何其他國家，不應作為取消或撤回拍賣或任何延遲付款之理由。如閣下不確定拍品是否受上述進口限制或任何其他進出口限制影響，請向專家部門查詢。
付款 買家須出示令人滿意之法律文件，證明自己至少年滿18歲。拍賣後須即時以下列方式以港幣付款：現金、銀行匯票、支票、電匯、信用卡（American Express、MasterCard、Union Pay及Visa）。蘇富比之一般政策是不會以現金或現金等值形式接納逾港幣80,000元之一項或多項相關付款。
若以American Express、MasterCard、UnionPay或Visa信用卡結賬，請親身持卡到本公司付款。本公司及American Express、MasterCard、Union Pay 或Visa（視情況而定）保留是否接納該等付款之權利。如該等付款不被接納或撤回，閣下仍須承擔付款責任。信用卡付款之上限為港幣1,000,000元。所有蘇富比新客戶或未曾與我方進行過交易之客戶，我方保留只接受親身出示信用咭付款之權利。詳情請致電+852 2822 5533 聯絡售後服務部。
對於本次拍賣中未從Crown Wine Cellar提取的貨品，蘇富比可於Crown Wine Cellar 提供儲存服務，但買家須同意接受「虛擬酒窖使用條款」、「儲存使用條款」及「自動更新政策」，此條款及政策在
售後服務部（星期一至星期五上午 9 時30分 - 下午6時）
+852 2822 5533
傳真：+852 2501 4266
蘇富比政策要求提取拍品時出示身份證明。蘇富比收到全數結清之貨款、附有相片之身份證明文件，及蘇富比提供之領貨單之後，會將拍賣品交付予閣下或閣下所授權之代表（ 辦公時間為星期一至五上午9 時30 分至下午6 時 ）。
如閣下對已購拍品之儲存地點有疑問， 請於安排提取前聯絡銷售行政人員。未提取拍品或須收取移、儲存及處理費用。請參閱載於本圖錄之買家業務規則第7 條。
✧ 高估價拍賣品 蘇富比可要求競投高估價拍賣品（在目錄內標有
⊻ 有利害關係各方 附有此符號之拍賣品表示對拍賣品有直接或間接利害關係的各方可能對拍賣品作出競投，包括(i) 出售拍賣品之產受益人，或(ii) 拍賣品之聯權共有人。倘有利害關係的一方為成功競投人，他們須支付全數買家酬金及營運附加費，在某些情況下，有利害關係的各方可能知悉底價，倘在拍賣圖錄印製後才獲悉有利害關係的一方可能參與拍賣，一則示意有利害關係的各方可能對拍賣品作出競投之
□無底價 除以 ( ) 符號另作註明外，所有在此圖錄之拍賣品均有底價。底價是由蘇富比和賣家共同設定之落槌價位，且絕對機密。拍賣品不會以低於該價售出。底價通常以低位估價之一定比例來設定，且不會高於低位估價。圖錄中之拍賣品如不設底價，均會以 ( ) 符號註明。若在同一圖錄中之所有拍賣品均並非以底價出售，則會就此作出特別提示而不會使用此符號。
蘇富比財務服務 蘇富比向客戶提供多種財務服務，其中包括為委託提供預付款、及以不擬出售之藝術收藏品作為抵押之貸款。本文並不構成建議或要約。本文所述之服務均須受制於該服務地區之法律及法規司法管轄。有關進一步資料，請致電倫敦的蘇富比財務服務部，電話號碼是+44 20 7293 6005。
估值 我們的估值團隊擅長於大批量私人收藏估價，可為閣下提供整批收藏所值或每件窖藏估價明細。這項服務收費相宜，如閣下考慮出售或需要資料以處理有關保險、遺囑認證、資產管理、納稅管理或遺產計劃之事宜，我們隨時候命。如欲了解詳情，歡迎致電：(852)2524 8121，傳真：(852) 2810 6238。
蘇富比付運本次拍賣之物品目的地為美國而蘇富比在此美國州登記為美國銷售稅納稅人時，蘇富比必須徵收並繳交當地之銷售或使用稅，該稅項根據成交總額而定（總額包括落槌價、買家佣金、營運附加費、運送服務費用及保險），買家不論居住國家或國籍為何，必須繳付相關稅項。如買家於蘇富比付運物品前，向蘇富比提供有效之轉售豁免證明 (Resale Exemption Certificate)，蘇富比將不會向買家收取有關稅項。閣下如欲提供與本次交易相關之轉售豁免證明 (Resale Exemption Certificate)，請聯絡售後服務部。
以下條款及細則（「網上條款」）提供有關在 sothebys.com 或通過 Sotheby’s 應用程式（「網上平台」）進行網上競投的重要資訊。
1. 某些拍賣會之競投人可於拍賣會開始前，透過網上（ 競投 ）平台出價（「預先競投 」）。為確保競投順利，閣下必須於蘇富比登記賬戶並提供所需資料。您可以按相關網上平台所顯示的起標價出價，或以提出高於起標價的出價。請注意，蘇富比保留權利在現場拍賣會開始前更改起標價。
所有競投人均能看見拍品當前之最高競投； 而閣下本人最高競投之金額及詳情只供閣下查閱。如閣下之競投情況有變，閣下將會收到電郵及推送通知（ 如閣下已開啟電子設備之推送通知功能 ），直至現場拍賣會開始。閣下可於現場拍賣會開始前任何時間提高最高競投。現場拍賣會開始後，拍賣官將以目前最高出價開始競投。系統將繼續為您出價，直至達到您先前預定的最高出價，或您可在現場拍賣會間通過網上平台在下一口叫價上繼續出價。您亦可以在現場拍賣會開始前聯絡競投部，以降低您的最高出價，但不能降至低於目前的最高出價。
請留意在某些情況下，競投被超越之競投人可能會重新成為最高競投者，並收到電郵或推送通知（ 如閣下已開啟電子設備之推送通知功能 ）。
8. 在 Sotheby’s 程式「我的出價」部分和 Sotheby’s.com 網站「我的賬戶」中「賬戶活動」部分出現的購買資訊僅為閣下便利而設。成功競投人士將於拍賣後收到通知和賬單。如有可能出現在「我的出價」部分之網上購買資訊與蘇富比在拍賣後寄給閣下的賬單有差異，則以賬單為準。不論成功的出價是如何遞交，付款及領取拍賣物品之條款及規則都維持不變。
9. 網上競投為蘇富比提供給客戶的便利。蘇富比不對任何網上競投的錯誤或故障負責，該錯誤或故障包括但不限於，(i) 蘇富比或客戶失去網絡連接或失去網上競投軟件的連接；(ii) 網上競投軟件出現的故障或問題；或(iii) 客戶的網絡連接、電腦或電子設備出現故障或問題。蘇富比不對任何網上競投出價失敗或任何連接錯誤和遺漏負責。
存於香港供拍賣之葡萄酒 出售及付運葡萄酒之對象只能是年滿18 歲之人士。買家須證明自己至少年滿18 歲。買家有責任確保付運之葡萄酒由年滿18 歲或以上之人士收取。除非另有說明，否則全部存於香港供拍賣之葡萄酒均存放於Crown Wine Cellars Limited（「Crown Wine Cellars」）之倉庫。請參閱載於本圖錄之Crown Wine Cellars服務規則及Crown Wine Cellars付運/ 領取及儲存。
領取 要自Crown Wine Cellars領取貨品必須先行預約，而且要給予至少七天通知。所有客戶（或其代理，如承運人）在向倉庫職員領取購買品或付運品時，須在Crown Wine Cellars的經營場址之Crown Wine Cellars職員面前檢查所有購買品或付運品。根據蘇富比及Crown Wine Cellars之政策，領取人必須在領取拍賣品時出示身份證明。蘇富比在香港收取全數結清之款項後，Crown Wine Cellars便會向閣下或閣下之授權代表發放拍賣品。未領取之拍賣品將會被收取搬運、利息、儲存及手續費。請參閱載於本圖錄之Crown Wine Cellars服務規則
發放拍賣品 向買家發放拍賣品之權力憑證為由蘇富比向Crown Wine Cellars 發出之領貨單，該領貨單僅會於已悉數收取付款並獲提供適當之身份證明及付運指示後方會發出。Crown Wine Cellars 其後會轉交領貨單予買家簽署。蘇富比發出領貨單後一切與付運有關之查詢應向 Crown Wine Cellars 作出。
在香港境內付運 葡萄酒將由Crown Wine Cellars按付運指示表格中的買家指示交付。請注意，蘇富比不負責向買家付運葡萄酒。蘇富比會將所有自買家接獲之付運及領取葡萄酒要求轉交 Crown Wine Cellars 處理，而Crown Wine Cellars 將根據適用法例代表買家安排付運或約定領取葡萄酒。所有付運及保險費用及開支須預先支付。同一拍賣品僅可送交至一個地址，而閣下不可將同一拍賣品送交至一個以上之地址。
付運至香港以外地方 蘇富比及Crown Wine Cellars不能安排，亦不會負責付運至非香港地址，但樂意向買家介紹貨運代理。如進口葡萄酒需要領有牌照，則取得有關牌照為買家個人之責任。所有代表買家領取葡萄酒作香港以外付運之代理∕承運人，必須在向倉庫職員領取付運品時，在Crown Wine Cellars的經營場址之Crown Wine Cellars職員面前檢查有關付運品。在任何情況下，蘇富比均不會退還任何付運費用。請注意，大部份國家對葡萄酒之付運均作出規管。蘇富比建議閣下在在競投葡萄酒或安排付運至閣下之國家前，須查核閣下國家之規定。蘇富比或Crown Wine Cellars均不會承擔或負上任何申請或取得任何許可證或牌照之責任，並不會以此作為買賣條件之一。因此，為符合當地所有規例，蘇富比強烈建議所有競投人查核運送酒精類飲料至其國家之具體規定，以決定運送方法。Crown Wine Cellars及蘇富比不對任何人士付運或進口酒精類飲料至任何國家之法定權利作出任何陳述。葡萄酒僅可出售及付運予18歲或以上之人士。
重新把酒包裝以作付運至香港以外地方 蘇富比和Crown Wine Cellars強烈建議把酒重新包裝在泡沫塑料盒以作運輸至香港以外地方。Crown Wine Cellars不能安排，亦不會負責付運至香港以外地方。根據買家要求，他們可將酒用泡沫塑料盒重新包裝，費用為每6瓶港幣160元和每12瓶港幣320元，但最低費用為港幣160元。在買家或其承運代理領取酒時，須以現金支付此費用。這是買家或其承運代理之責任向Crown Wine Cellars要求此項服務。否則，包裝在紙盒不適合國際運輸之酒可能會被發放。無論酒是否被重新包裝，蘇富比或Crown Wine Cellars均不會承擔在運輸中酒的損毁責任。當要求酒被重新包裝時，請指示Crown Wine Cellars閣下是否不希望閣下的承運人領取任何原裝木盒。
除非得到買家指示，Crown Wine Cellars亦將會發放任何原裝木盒給承運人。
免費儲存 蘇富比將為本次拍賣所賣出之葡萄酒提供自拍賣會結束起計三十天之Crown Wine Cellars 免費儲存服務。買家如希望將葡萄酒儲存在蘇富比葡萄酒倉庫，蘇富比可於 Crown Wine Cellars 提供儲存服務，但買家須同意接受「虛擬酒窖使用條款」、「儲存使用條款」及「自動更新政策」，此條款及政策在https://www.sothebyswine.com/hk/storage 可供查閱。
未能送達、損失、損毁及缺失 葡萄酒運抵時須在承運人面前進行檢查，如有任何損失、損毁及缺失等情况，應在收貨後三天內以書面方式通知蘇富比及Crown Wine Cellars。如沒有收到葡萄酒，買家須在發放通知單日期後二十一天內以書面方式通知蘇富比及Crown Wine Cellars。
附註：蘇富比或Crown Wine Cellars 概毋須為任何承運人之任何行為或錯漏負責，包括但不限於任何所購買拍賣品之包裝、付運、交付或保險。