1. Auction Lot
Sold at auction to provide a single or a group of items.
2. No reserve price auction Lots offered without reserve
Auction without reserve will be auctioned without reserve, the highest bidder, the transaction price of the auction catalog auction valuation is not necessarily related.
3. Pre-Show Pre-auction Viewing
The auction will be arranged before the auction auction free public exhibition. At the exhibition site, prospective buyers can obtain a copy of the status of auction items and inspection reports and viewing the auction items, but also an appointment auction house expert advice.
4. Valuation Estimates
Valuation is based on the art market in the near future similar to the goods market, and to consider the status of auction items, rarity, quality and provenance practitioners.
5. Upset Reserves
The reserve price is not confirmed by the seller before the public the minimum price, the auction items will not be sold below the reserve price.
6. Fall of the hammer price of Hammer Price
Decided to drop the hammer at auction auctioneer auction sold price of a buyer’s auction, contained no buyer’s commission.
7. Registration Auction Bidder Registration
Prospective buyers to the auction before the holding register and to obtain bidding number plate.
8. A Bid Absentee Bids
If the prospective buyer can not or do not want to personally participate in the auction bidding to the site can be taken to a written bid approach, prior to the auction to complete a Bid Form, please bid on behalf of the auction house.
9. Telephone bidding Telephone Bids
Prospective buyers within 24 hours before the auction and the auction house doing a good job pre-register, contact the auction house staff real-time bidders to participate in the bidding via telephone manner.
10. Liupai BI
If an auction no buyer bidding, or the auction price did not meet the auction reserve price, this auction as Liu Pai, meaning that auction will be returned at the commissioning party.
11. The buyer commission Buyer’s Premium
After the auction line transaction cost of services charged to the buyer. That amount combined with the fall of the hammer price as sale prices.