Koller ASIATICA Himalaya & China Auktion: Dienstag, 3. Dezember 2019, 10 Uhr, Katalognummern 101 – 315

| 167 after consultation with the Consignor, to combine, separate or omit numbered lots in the catalogue, or to offer them out of sequence. 5.2 The lot will go to the highest bidder recognised by Koller after three calls for the highest bid. 5.3 For the items indicated in these Condi- tions, there is no minimum hammer price. 5.4 A bid placed at the auction is a binding offer. Bidders are bound by their bids until they are either outbid or rejected. Double bids are immediately called once again. The auction management decides in case of doubt. 5.5 The person who wins the bid is bound by his or her bid, which results in a binding purchase. 5.6 All successful bidders are personally liable for the knockdown awarded to them and for the purchase contract entered into by them. Proof of power of representation may be requested from persons who bid as agents in the name of a third party or as governing bodies of a legal entity. Such an agent shall have unlimited joint and several liability with the person represented for the fulfilment of all obligations. 5.7 Bidders who wish to place their bids online in the course of a live auction may participate in the auction after having been admitted to the auction by Koller on the basis of a registration application. Koller and the Consignor reserve the right to reject registration applications. 5.8 Koller and the Consignor decline all liability for bids of any kind not taken into consideration, as well as for registrations for written, telephone and online bids not taken into consideration. 6. Transfer of title Ownership of an auctioned item is trans- ferred to the successful bidder as soon as the purchase price and the premium, including VAT, have been paid in full and Koller has assigned these payments to the corresponding item. The risk is transferred to the successful bidder with the fall of the hammer. 7. Payment for the auctioned items 7.1 The invoice for a successful bid for an auctioned itemmust be paid within 7 days of the end of the auction. Payments by credit card are possible only after consul- ting Koller's accounting department and are subject to a processing fee of between 2% and 4%, which is to be paid by the suc- cessful bidder and is levied on the invoice amount. 7.2 If the successful bidder's payment is late, default interest of 10% p.a. may be charged on the premium. The Consi- gnor reserves the right to charge default interest on the hammer price. If the successful bidder fails to pay the invoice amount within 7 days of the end of the auction, Koller will be entitled, without further consultation with the successful bidder, to debit the invoice amount owed to the credit card of the successful bidder. In such cases, a processing fee of between 2% and 4%will be levied on the invoice amount, and it too will be debited to the credit card. 7.3 If the successful bidder does not pay or does not pay on time, the sale will be annulled. The successful bidder shall be liable to Koller and the Consignor for all prejudice resulting from non-payment or late payment, including the organisation and implementation of a later auction. 8. Collection of the auctioned items 8.1 Successful bidders must collect the auctioned items at their own expense within 7 days of the end of the auction during Koller's opening hours. The place of performance is thus Koller's place of business. If time permits, the items will be handed over after each auction session. The handover will take place after full pay- ment of the hammer price and premium (including VAT) and the assignment of this amount to the auctioned item by Koller. 8.2 During the aforementioned peri- od, Koller and/or the Consignor will be liable for the loss, theft, destruction of or damage to the auctioned items, but only in the event of intentional or gross negligence and only up to the amount of the hammer price, premium and VAT. No liability can be assumed for frames and glass. An auctioned item is appropriately insured by Koller until full payment has been made to Koller (section 7.1). The aforementioned liability of Koller and/or the Consignor will end as soon as Koller has received payment in full, and the suc- cessful bidder will be responsible for en- suring appropriate insurance for the item purchased at auction and paid for in full. If the auctioned and fully paid for items are not collected within 7 days, Koller will, af- ter consultation with the Consignor, store them either at a company of its choice at the cost and risk of the successful bidder or at its own premises at a daily rate of CHF 10 per item. 8.3 Koller accepts shipping orders in writing. Shipping costs are borne by the successful bidder. Unless otherwise agreed in writing, the auctioned items will be insured for transport by Koller at the expense of the successful bidder. Glass- covered pictures and fragile items will not be shipped by Koller. 9. Miscellaneous provisions 9.1 The auction will take place with the participation of an official from the city of Zurich. The official present, the commune and the state will have no liability for the actions of Koller. 9.2 The above terms and conditions form an integral part of each individual purchase made at the auction. Amendments will be binding only with the written consent of Koller and the Consignor.  9.3 These bidding terms and conditions and all amendments thereto are subject to Swiss law, to the exclusion of any refe- rences in the Federal Act on International Private Law (IPLA) and to the exclusion of the United Nations Convention on Con- tracts for the International Sale of Goods (Vienna Convention).  9.4 The courts of the canton of Zurich will be responsible for settling disputes arising out of a purchase made as a result of the compulsory enforcement auction. Zurich, 15.10.2019