2020 April Asian Fine Arts Sale 2

TERMS AND CONDITIONS Please Note Our Terms of Sale have recently changed. By registering to bid on this auction you agree to the following terms and conditions. Payment is due in Seven (7) business days after the ending of the sale. We serve the right to hold merchandise until payment clears. Telephone and absentee bidders will be notified by e-mail within two (2) days of sale end. We accept payment in the form of cash, check, money order, and wire transfer, PayPal, Visa, MasterCard, and Discover. We accept the bank wire transfer, PayPal, Cash, and Money Order for American payment of more than $2000 USD. We accept American Visa and MasterCard to make payment for Invoice Amounts under $2000 USD. We do not accept the International card to make payment. For international payment, we only accept wire transfer and PayPal. For all wire transfer, there is a $30 Bank Fee for a charge. For PayPal, we will charge a 4.5% transaction fee. For American's Credit Card, there is a 4% transaction fee. 1. All items are sold AS-IS, where is with all faults. There are no warranties or representations of merchantability of any other kind, express or implied. All artists? names and dates recorded in this catalog are not to be taken as unqualified attributions to the artists named. No attributions to any artist or date are made or intended as to authorship or date of execution. Therefore, none of the property in this catalog is subject to any guarantee of authenticity and/or provenance and all of the property is sold as-is. All items are available for your examination prior to bidding. Your bidding will signify that you have examined the items as fully as you desire, or that you have chosen not to examine them. Images descriptions are our opinions and should in no way be construed as a guarantee of any kind as to age, condition, materials, provenance or any other feature of items being sold. We recommend prospective bidders to examine all items in which they have an interest. If you require absolute certainty in all areas of authenticity, and the results of your evaluation leave uncertainty in your mind, we recommend you not bid on the item in question. We do not do refunds. All sales are Final. No statement is written or oral made by the auctioneer or any employee of Designation Auctions Inc. shall be deemed a warranty or assumption of liability by Designation Auctions Inc. or by any seller represented by Designation Auctions Inc. 2. Bidding will begin at a price appropriate in the auctioneer's discretion. The auctioneer always reserves the right to withdraw a lot for any reason. At the auctioneer's discretion, no bid of less than one half (1/2) the low estimate will be accepted from any source: phone bidding, absentee bidding, internet bidding, or bidding in the gallery, unless authorized by the auctioneer. All lots in this catalog are offered subject to a reserve, which is the confidential minimum hammer price at which a lot will be sold. In executing a reserve, the auctioneer has the right to bid on behalf of the consignor, whether by opening bidding or continuing bidding in response to other bidders until reaching the reserve. If the reserve is not met, the auctioneer has the right to withdraw the item from the sale. 3. Once we declare that an item is sold, we cannot reopen the bidding. It is the bidder's responsibility to get our attention prior to our saying sold. When the auctioneer declares the item as sold, the title of property transfers to the successful bidder. We reserve the right to reject any bids deemed inappropriate or to withdraw any item(s) for lack of appropriate bids. If an item is withdrawn from the auction, it will be offered again only at the auctioneer's discretion. 4. All absentee and telephone bidders are required to sign and agree to these terms and conditions, as well as provide Designation Auctions Inc. with a valid credit card having a deposit that amounts $2000 USD. We do not accept international credit card to make the deposit. We will refund after auction day with 7 business days if the customer did not win any item. 5. All Phone bidding and Absentee Bidder's Form are held in the strictest confidence and must be received before the auction date two days. No additional phone bids can be accepted on the day of the auction, including additions when speaking with a staff person on the phone. Leaving an absentee or phone bid on a lot indicates your willingness to open the bidding at one half (1/2) the printed low estimate and gives the auctioneer the authority to open the bidding at that level. Designation Auctions Inc. shall have the right to withdraw any item at any time for any reason and to void any sale in the event of an error or dispute. We make every effort to honor all absentee and phone bid reservations, but we are not liable for any losses incurred as a result of failure to execute absentee bids or failed phone reservations. Submitting absentee bids or bidding by phone does not imply an extension of credit. 6. At the request of the buyer, Designation Auctions will authorize the shipment of purchased items usually within two weeks after payment has been received. Shipment is generally made via a third-party shipper. The shipper's list is also provided. Unless the buyer gives special instructions, the shipping method shall be at the sole discretion of Designation Auctions Inc. The buyer is responsible for all costs of the shipment, including but not limited, pickup, packing, handling, and shipping fee. Designation Auctions is in no way responsible for the acts or omissions of independent handlers, packers or shippers of purchased items or for any loss, damage or delay from the packing or shipping of any property. 7. All purchases are subject to applicable New York sales tax unless the New York State Resale Certificate tax form is fully and completely filled out and received prior to the time of purchase. Resale tax numbers from other states are accepted. International buyers are responsible for tariffs, taxes, or assessments of shipped items to the buyer's country. Items shipped out of state may not be subject to sales tax. 8. Bidding on an item indicates your understanding and acceptance of these Terms of Sale. If a purchaser breaches any of these Terms of Sale, including the obligation to pay for purchased items, Designation Auctions Inc. may seek all remedies under the law including canceling the sale and reoffering the property without reserve. 9. A buyer's premium will be applied to the purchase price of all items. It shall be 22% if bidding live, by phone or by absentee bids. If online Internet bidding is utilized, it shall have a 27% buyers premium added to the highest bid. 10. All items not picked up within Three months shall be assessed a storage fee of $5.00 per day, per item. 11. Please note that lots containing ivory, tortoiseshell, or other animal materials may be subject to regulations imposed by the Endangered Species Act and by the United States Fish and Wildlife Department. Some countries prohibit the importation of property containing materials from endangered species, and prospective purchasers should familiarize themselves with relevant customs regulations prior to bidding if they intend to import these lots into another country. The buyer is responsible for any and all CITES permits. 12. All photos and descriptions posted on any online platform are the property of Designation Auctions Inc. and are subject to US copyright laws. No photo or description may be used without the advanced written approval of an authorized Designation Auctions agent. The use of unauthorized photos and descriptions may incur penalties. 13. If, in any judicial proceeding, a court shall refuse to enforce any of the terms contained within these Terms and Conditions, then such unenforceable terms shall be deemed eliminated from the provisions hereof for the purpose of such proceedings to the extent necessary to permit the remaining separate terms contained herein to be enforced in such proceedings. 14. The Terms and Conditions shall inure to the benefit of Designation Auctions Inc., its successors and/or assigns and may not be terminated, amended, or modified, except by an instrument in writing executed by Designation Auctions Inc. 15. The provisions of these Terms and Conditions shall be construed, and the performance thereof shall be enforced, in accordance with the laws of the State of New York. All bidders hereby irrevocably and unconditionally submit to the exclusive jurisdiction and venue of the Supreme Court, State of New York, and County of Suffolk in the event of any dispute with regard to any bid or the terms and conditions contained herein. 16. Any person or entity submitting a bid to any auction represents, warrants, and covenants that he/she/it is subject to service of process in the State of New York and that it will remain so subject so long as these Terms and Conditions are in effect. If for any reason any person or entity should not be so subject, said person or entity hereby designates and appoints, without revocation, the Secretary of the State of New York as its agent upon whom he/she/it may be served with all process, pleadings, notices, or other papers which may be served as a result of the breach of any of the terms and conditions contained herein. Moreover, any person or entity submitting a bid specifically and irrevocably: (a) agrees that any suit, action, or other legal proceedings arising out of this agreement may be brought in the courts of record of the State of New York, County of Suffolk; (b) consents to the jurisdiction of each such court in any such suit, action, or proceeding; and (c) waives any objection to the laying of venue of any such suit, action, or proceeding in any of such courts. 17. Any person or entity submitting a bid at any auction hereby acknowledges that in the event said bidder is found to have breached any term or condition contained within these Terms and Conditions, Designation Auctions Inc. shall be entitled to all costs and fees, including, but not limited to, court costs and reasonable attorneys fees in connection with any such breach.