Fine Chinese painting & calligraphy 2020.12

1.The title and description of auction items in the catalogue or elsewhere in written or oral form are for reference only. Neither EZEALAND-HK nor its consignor make any warranties or representations of any kind or nature with respect to auction items or their values, and in no event EZEALAND-HK nor its consignor shall be responsible for the correctness of title, description, age, genuineness, attribution, provenance, authenticity, authorship, completeness, condition of auction items or estimate of value. The buyer is responsible for determining the quality and value of the auction item. All auction items are sold AS-IS and have no recourse. All sales are final, no return, no refund, no exchange. 2.All bidders acknowledge their rights to have made or requested full inspection of any and all auction items prior to sale and agree to be charged with all matters such inspection may have disclosed or indicated 3.EZEALAND-HK reserve the right to reject a bid from any bidder. The bidder with the highest bid acknowledged by the EZEALAND-HK shall be the purchaser. 4.If a lot is offered with reserve price (the confidential minimum price below which a lot will not be sold) EZEALAND-HK will implement the reserve bidding policy. 5.A buyer's premium of 25% on the bid price of any lot that sells for up to $1,500,000 HKD, plus 20% on any amount between $1,500,000 HKD and $5,000,000 HKD, and 15% on any amount over $5,000,000 HKD. For example, if an item has a highest bid of $2,500,000 HKD, then the buyer's premium is calculated as follows: (1) $1,500,000 X 25% = $375,000 HKD (portion up to $1,500,000) (2) $1,000,000 X 20% = $200,000 HKD (portion between $1,500,000 - $5,000,000) (3) $0 X 15% = $0 (portion above $5,000,000) Total buyer's premium: $375,000+$200,000=$575,000 HKD The total amount is $3,075,000 HKD ($2,500,000+$575,000) 6.If the auction item cannot be delivered to the buyer due to fire, theft or other reasons, our liability will be limited to the actual amount paid by the buyer. 7.After the auction is completed, the winning bidder of the auction item must pay the full payment amount (hammer price plus buyer's premium) within 7 business days. Payment can be made by cashier's check, wire transfer, personal check. For payments using personal checks or company checks, the purchased lot will be retained until the funds are confirmed by the corresponding banking institution. 8.If the buyer fails to pay the full amount within seven days, EZEALAND-HK Inc. may exercise all rights under the law and hold the defaulting Buyer liable for the total amount due.