CONDITIONS FOR SALE
These conditions for sale set out the terms on which
We
offer the
Lots
listed in the
Auction Catalogue
for sale on
behalf of the seller, and if you make a successful bid, will form
a contract for sale between you and the seller.
By participating in this online auction, you acknowledge that
you are bound by these conditions for sale as listed below
and on the
Website
. You will find a glossary at the end
explaining the meanings of the words and expressions which
are in
bold
.
1. Our role as the agent of the Seller
1.1
We
undertake to sell the
Lots
through this online
auction as agents for and on behalf of sellers. Unless
stated otherwise,
We
have no ownership interest in any
Lot
in this online auction.
1.2 Making a bid online constitutes an irrevocable offer to
purchase the
Lot
and the acceptance of a bid as the
winning bid by
Us
shall result in an enforceable contract
of sale between
Us
, acting solely as the agent of the
seller, and the winning bidder.
2. Catalogue Descriptions and Condition of Lots
2.1
We
offer all
Lots
for sale at the online auction on an “as
is” basis, meaning that each
Lot
is sold with all existing
faults and imperfections.
We
encourage all potential
buyers to inspect each item carefully before bidding.
2.2 Any statements made by
Us
, including by
Our
representatives/employees, about any
Lot
, whether
orally or in writing, concerning attribution of such
Lot
to, for example, any school of art or craftsmanship,
country or origin, history, provenance or condition, are
only expressions of
Our
opinion or belief. Such opinions
or beliefs have been formed honestly in accordance
with the standard of care expected of an auction house,
having due regard to the estimated value of each
Lot
.
We
have not carried out any exhaustive research or analysis
on any
Lot
to be sold in this online auction, and potential
buyers should seek appropriate advice on the condition
of each
Lot
from their own professional advisors.
2.3 For the convenience of bidders,
We
provide condition
reports on
Lots
upon request free of charge. The report
includes
Our
bona fide opinion on the condition of the
Lot
and is not an alternative to viewing and inspecting a
Lot
by a bidder, or a bidder’s duty to seek independent
advice on the
Lot
, including its description, condition
and authenticity.
2.4 The bidders undertake to:
(i) inspect and satisfy themselves prior to the online
auction as to the condition and description of the
Lot
;
(ii) rely on their own judgment as to whether the
Lot
matches its description; and
(iii) not rely on an illustration of any
Lot
given in the
Auction Catalogue
.
2.5 Size description/s of all the
Lots
featured in the
Auction Catalogue
are approximate.
We
encourage
all potential buyers to inspect each item carefully before
bidding.
2.6 Neither
We
nor any of
Our Affiliates
, agents,
representatives, employees or directors shall be liable
for errors or omissions in any of the representations
made in the
Auction Catalogue
or otherwise, with
respect to the authenticity, description or condition of
any
Lot
for sale through the online auction.
3. Viewing the Lots and Bidder Registration
3.1 All
Lots
for sale are featured in the
Auction Catalogue
.
The number listed next to each image is the lot number
and should be used as a reference during bidding, or for
any information requests. The
Lots
in this sale may be
viewed through any of the following:
(i) Previews and Viewings – details listed in the ‘Sales
and Enquiries’ section;
(ii) The Online
Auction Catalogue
;
(iii) The Printed
Auction Catalogue
; and
(iv) The Mobile
Auction Catalogue
3.2
We
may withdraw any
Lot
before, during, or after
the online auction, if
We
have reasons to believe that
the authenticity of the
Lot
or the accuracy of the
description of the
Lot
is in doubt, or if there is a breach
of
Our
terms of business, or if
We
otherwise believe,
in
Our
sole discretion, that it would be improper to
include the
Lot
in the auction.
3.3 All
Lots
shall be sold subject to the
Reserve Price
. If the
winning bid is below the
Reserve Price
, the
Lot
shall
be considered unsold. The
Reserve Price
on each
Lot
shall be confidential and
We
shall have no obligation to
disclose the same to any bidder.
Lots
sold in “Absolute
Auctions” or marked as sold with “No Reserve” are
not subject to a
Reserve Price
and will be sold to the
highest bidder, irrespective of the bid amount.
3.4
We
have the sole and absolute discretion to: (i)
determine the form and content of the descriptions of
Lots
in the
Auction Catalogue
, (ii) granting bidding
access to a bidder, (iii) recording, rejecting or accepting
bids, and (iv) deciding which bid constitutes the
winning bid, if any.
3.5 Online bidding access, and access to the
MobileApp
and the telephone bidding facility, shall be given at
Our
discretion and
We
may set limits on the number of bids
that may be made by a bidder and/or require payment
guarantees or deposits as a precondition to giving
bidding access to a bidder. Bidders will be informed of
their bidding limits, if any, and will not be allowed to bid
further if their bidding limit has been exhausted.
3.6 Bid updates and time extensions, if any, shall be updated
on the
Website
. On the
Website
, bidders may refresh
bidding values by clicking on the “Refresh” icon or the
re-load/refresh buttons on their browsers, to view latest
bidupdates and time extensions, if any.
We
shall evaluate
the bid histories of specific
Lot
groups periodically
to preserve the efficacy of the auction process. This
exercise may be conducted by
Us
internally or through
third parties solely at
Our
discretion.
3.7 Allbiddersarerequiredtoprovidecompleteandaccurate
invoicing details to
Us
at the time of registration for the
auction and invoicing details once registered will not be
changed. The bidder shall be invoiced based on details
provided at the time of registering for the auction. New
bidders are advised to register at least 48 hours prior to
the bid. Know-Your-Customer (KYC) documents and/
or financial reference letters are required for individual
and corporate clients and we will not grant bidding
access if the bidder registration and KYC procedures are
not complete.
4. Bidding
4.1 For the convenience of bidders, in particular bidders
who are placing bids on more than one
Lot
,
Lot
groups
are scheduled to close at different times during the
auction.
4.2 The bidding for various
Lot
groups shall be closed in
accordance with the bid closing schedule. However, a
bid can be recorded by
Us
in the 2 minutes prior to
the closing time of the
Lot
. The closing time for such
Lot
shall be extended to a time that is 2 minutes after
the time that the last bid was made. In the event of
extension of closing time in accordance with this
paragraph, bidding on the
Lot
shall only end if no bid
is recorded by
Us
for a continuous period of 2 minutes.
Bidders are advised to click on the “Refresh” icon on
the
Website
page being viewed by them or on the
“Refresh” button in the browser at regular intervals (in
accordance with the provisions of paragraph 4.4 below)
for updates on latest bids and time extensions, if any.
4.3 The
Website
shall also contain a “My Auction” filtered
view of the
Auction Catalogue
and the bidder may
click on this link to access information on all bids made
by the bidder in respect of various
Lots
. For ease of
tracking bids, bidders are advised to assign bidding
nicknames to themselves. The
Website
shall contain
the bid history for each
Lot
, being the bid amounts that
have been recorded since the start of the auction till the
current highest bid; and a countdown clock indicating
the amount of time available for placing bids before the
closing time.
4.4 The bid history, current bid and countdown clock shall
be accurate at the time of downloading of those values.
However, such information shall not reflect any changes
in the bid history, current bid and/or countdown clock
that may have occurred during the time taken for this
information to reach the bidder’s computer from
Our
server. The most updated bid values shall be shown
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