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Auction notes

Viewing

Lots may be viewed at our premises, 7/F, Kwong Fat Hong Building, 1 Rumsey Street, Sheung Wan, Hong Kong, by appointment only. For security reasons lots are not stored on our premises and it will be necessary for clients to state in advance which lots they wish to view. Please telephone 852-2890 5767 for viewing appointment. There will be no viewing on the day of the sale.

Bidding

Floor bidding will be in Hong Kong dollars. When entering the auction room you will be given a numbered card which will be registered in your name. Please hold this card up when bidding, when you have made a successful bid the auctioneer will call out your bidder’s number to confirm that the lot has been sold to you. Bid stages will normally be as follows but may be altered by the auctioneer at his discretion. Postal/telephone/fax/e-mail bids received in odd values will be reduced to the nearest bid stage.

Bidding Increments

Under $2,000 by $100 stages
$2,000 to $5,000 by $200 stages
$5,000 to $20,000 by $500 stages
$20,000 to $30,000 by $1,000 stages
$30,000 to $100,000 by $2,000 stages
$100,000 and up at Auctioneer’s discretion

Values

Please note that the estimates quoted are our estimates of the current market price of the lots on the Hong Kong market. These are estimates only and it may be that any particular lot may sell well below or well above estimate. Bids at less than our start prices are respectfully declined.

Payment

Payment is due on presentation of invoice, cheques must await clearance from our bankers before delivery of lots unless the client already has an approved credit account with us. Postal bidders will normally be sent a proforma invoice for settlement before delivery of lots. Clients in Australia, Canada, United Kingdom & USA may pay by personal cheque in their own currency, a small bank charge will be levied. Personal cheques are also accepted from some other countries, please check with us first. Outstanding accounts over 30 days will be charged interest at the rate of 2% per calendar month. Credit cards are accepted during pick-up, in person at our Hong Kong office, only. Mail bidders wishing to make payment via credit card, must do so through the John Bull office in U.S.A. If choosing this method of payment, please note buyer is responsible for all bank and miscellaneous fees incurred from this process.

Due to the increase in credit card payment commission, we can no longer subsidize any transaction made by Visa or Mastercard. Effective immediately, credit card transactions made in our Hong Kong office are subject to a 1.5% charge. Credit card transactions made in our US office are subject to a 3% charge.

Payment to vendors cannot be made until such time as the purchaser has paid in full.

Vendors are requested to note that lots withdrawn after the catalogue has been produced or after dispatch of proofs to our printers will be subject to commission at 20% of estimate or reserve.

Collection / Delivery of Lots

Lots will not be available for collection from the auction room. Buyers who have made successful purchases at the auction may collect their purchases from our offices from the day following the auction. Postal/telephone/fax/e-mail bidders’ lots will not be available for collection for at least three days after the auction. Lots purchased by overseas postal/telephone/fax/e-mail bidders will be dispatched as soon as possible.