SFW18 by Spink and Son

AN EVENING OF GREAT WHISKIES AND SPIRITS

15 JANUARY 2016 HONG KONG

GROUP CHAIRMAN AND CEO Olivier D. Stocker YOUR SPECIALISTS STAMPS UK – Tim Hirsch FRPSL Guy Croton David Parsons Nick Startup Neill Granger Paul Mathews Dominic Savastano Tom Smith George James Ian Shapiro (Consultant) USA – George Eveleth Richard Debney Kimberlee Fuller Europe – Guido Craveri Fernando Martínez China – Doris Lo George Yue (Consultant) COINS UK - Richard Bishop Tim Robson Lawrence Sinclair Barbara Mears John Pett USA – Greg Cole Stephen Goldsmith (Special Consultant) China – Kin Choi Cheung Paul Pei Po Chow BANKNOTES UK – Barnaby Faull Andrew Pattison Monica Kruber Thomasina Smith USA – Greg Cole Stephen Goldsmith (Special Consultant) China – Kelvin Cheung Paul Pei Po Chow ORDERS, DECORATIONS, MEDALS & MILITARIA UK – Mark Quayle Oliver Pepys John Hayward (Consultant) BONDS & SHARES UK – Mike Veissid (Consultant) Andrew Pattison Thomasina Smith USA – Greg Cole Europe – Peter Christen China – Kelvin Cheung BOOKS UK – Philip Skingley Jennifer Mulholland Nik von Uexkull AUTOGRAPHS USA – Greg Cole Stephen Goldsmith (Special Consultant) WINES China – Guillaume Willk-Fabia Angie Ihlo Fung YOUR EUROPE TEAM (LONDON – LUGANO) Directors Tim Hirsch Anthony Spink Auction & Client Management Team Mira Adusei-Poku Rita Ariete Grace Hawkins Dora Szigeti Tatyana Boyadzhieva Nik von Uexkull John Winchcombe Tom Mathews Maurizio Schenini Finance Alison Bennet Marco Fiori Mina Bhagat Dennis Muriu Hemel Thakore Veronica Morris IT & Administration Berdia Qamarauli Michael Addo Liz Cones Curlene Spencer Tom Robinson Cristina Dugoni Giacomo Canzi YOUR AMERICA TEAM (NEW YORK) Managing Director Charles Blane Auction Administration and Marketing & Design Amit Ramprashad Kimberlee Fuller Finance & Administration Amit Ramprahsad Auctioneers Stephen Goldsmith (Special Consultant) YOUR ASIA TEAM (HONG KONG – SINGAPORE) Administration Angie Ihlo Fung Newton Tsang Sue Pui Arthur Chan Doris Lo Gary Tan 日本での弊社オークションへの出品・参加に関してのお問い合わせ Ken Imase kimase@spink.com

AN EVENING OF GREAT WHISKIES AND SPIRITS 2016年1月15日假香港舉行

SALE CALENDAR 2016

STAMPS 17 January Meiso Mizuhara, The Exhibition Collection, China Customs Post Hong Kong 17 January Fine Stamps and Covers of China and Hong Kong Hong Kong 27/28 January The Philatelic Collector's Series Sale London 23 February Drs. Joanne and Edward Dauer Collection of Australian States and Commonwealth London 拍賣會地點斯賓克銷售團隊 The “Britannia” Collection of Barbados 23 February London 24 February India, The De La Rue Issues London 斯賓克中國拍品咨詢 27/28 April The Philatelic Collector's Series Sale London 華富商業大廈 4樓 Guillaume Willk-Fabia April/May The Pre-New York 2016 Collector’s Series Sale New York gwillkfabia@spink.comNew York 香港皇后大道西 111號The Jose Castillejo Collection of Guatemala, 1871-86 June 6/7+852 July 3952 3000 The Philatelic Collector's Series Sale London +852 3952 3000 電話:

16012 16013 16010 16038 16024 16023 16027 154 155 16030

Angie Ihlo Fung 16 January Banknotes, Bonds & Share Certificates and Coins of China and Hong Kong Hong Kong aihlofung@spink.com New York 27/28 January The Numismatic Collector's Series Sale The Academic Collection of Lord Stewartby: English Coins part 1, Anglo-Saxon and Norman 22 March London +852 Coins 3952 3033 拍賣會詳情 22 March The Dr Paul Broughton Collection of English Hammered Gold Coins London 22/23 March Ancient, British & Foreign Coins and Commemorative Medals London 2016 1月15日(星期五) 上7時Collection of Lord Stewartby: English coins part 2, Plantagenet, The 晚 Academic Lancastrian and Yorkist Coins 29年 June London 競投咨詢 29/30 June Ancient, British & Foreign Coins and Commemorative Medals London 出價競投或查詢時請列明拍賣編號為 SFW18

16011 323 16019 16014 16004 16020 16005

傳真: +852 3952 3038 COINS

BANKNOTES 16 January 27/28 January 12 April 12/13/14 April 5 July

Hong Kong New York London London London

16011 323 16037 16008 16009

New York

323

21 April 21 July

The Numismatic Collector's Series Sale featuring The Liberty Collection of Medals and Artefacts Relating to the 1916 Easter Rising and Ireland's Fight for Independence Doris Lo Orders, Decorations, Campaign Medals & Militaria dlo@spink.com Orders, Decorations, Campaign Medals & Militaria

London London

16001 16002

BONDS & SHARES 16 January 27/28 January 27 May

Banknotes, Bonds & Share Certificates and Coins of China and Hong Kong The Numismatic Collector's Series Sale 付款方法 Bonds & Share Certificates of the World

Hong Kong New York London

16011 323 16017

AUTOGRAPHS 27/28 January

The Numismatic Collector's Series Sale

New York

323

Hong Kong Hong Kong Hong Kong

SFW18 SFW19 SFW20

MEDALS 27/28 January

Banknotes, Bonds & Share Certificates and Coins of China and Hong Kong The Numismatic Collector's Series Sale The Bruce Smart Collection of Middle Eastern Banknotes World Banknotes World Banknotes

Newton Tsang ntsang@spink.com +852 3952 3032 Arthur Chan achan@spink.com +852 3952 3002

+852 3952 3001

Sue Pui spui@spink.com +852 3952 3010

WINES

請於以下網上平台關注我們 15 January An Evening with Great Whiskies and Spirits

8 April An Evening with Great Whiskies and Spirits TWITTER: @SpinkandSon Spink Auctions 23 June An EveningFACEBOOK: with Great Whiskies and Spirits INSTAGRAM: Spink_auctions YOUTUBE: Spinkauctions

網上競投

The above sale dates are subject to change.

Newton Tsang ntsang@spink.com +852 3952 3032

顧客可憑此QR碼查看我們網上拍賣目錄，並進行委託競投。顧客可從iPhone, ____________________________ Blackberry 及Android App Store 下載QR掃瞄軟體至智能手機享用此工能。 Spink offers the following services:

Valuation for insurance and probate for individual items or whole collections.

The Spink Environment Commitment: Paper from Sustainable Forests and Clean Ink Spink has a long history of preserving not only collectables but our planet, too. We are proud to ensure that our policy of sustainability and conservation keeps up with Spink’s growth, helping improve the environment for new generations of collectors. We insist that our printers source all paper used in the production of Spink catalogues from FSC and/or PEFC suppliers and use non-hazardous inks. We also ask they hold the environmental standard ISO 14001. Spink recycle all ecological material used on our premises and we encourage you to recycle your catalogue once you have finished with it.

如欲購買本公司產品目錄，請電郵致catalogues@spink.com 電話: +852 3952 3000 傳真: +852 3952 3038 查詢更多有關斯賓克的資訊，未來拍賣活動及拍賣結果，請瀏覽我們網址： www.spink.com

NOTICE TO BIDDERS Dear Bidder, We welcome you to our auction house. Please note the points below to assist you with the registration, bidding and payment at our auctions. REGISTRATION FOR BIDDING: If you are registering with us for the first time or have not bid successfully in the past, we require a deposit of HK$50,000. If you intend to bid more than HK$200,000 the deposit may be higher. The deposit will be deducted from your invoice should your bid be successful. If you are unsuccessful, your deposit will be returned by the same means by which it was paid. In addition we will ask for your bank and trade references. We encourage new clients to register for bidding at least 48 hours prior to the commencement of the sale to allow sufficient time to process the registration. Prior to the auction, some lots may be designated as “Premium Lots”, which means a deposit may be required before placing a bid on the item for sale. Information will be posted on our website in such an event. Spink have the right at our own discretion to refuse admission to our premises, attendance at an auction and decline submitted bids. BIDDING METHODS: In person You will be given a registration form that you will need to fill in providing your up to date address and contact details. Please always have your photo ID with you and, if you are bidding on behalf of a company, your business registration. ID information is collected for registration purposes only and will be kept confidential. Submitting a bid form by email/post/fax Again please always provide your full up-to-date contact details together with the lot numbers and the amounts up to which you would like us to bid on your behalf exclusive of Buyer’s Premium/tax/postage. Should you not receive our email confirmation of your bids having been received please call our office to make sure they have been received and processed. Submitting bids via our website To submit bids via our website www.spink.com you need to be registered and logged in. You can leave bids via this method up to 3 hours before the commencement of the sale. Bidding live on Spink Live You must be registered and logged into our website www.spink.com. The live bidding applet can be accessed from one week prior to the sale via the Spink Live button on our homepage. You will see ‘Auction not yet started’ message that will be replaced about one hour before the commencement of the sale with the live feed. You will be able to see and hear the auctioneer live during the sale. Buyers who acquire lots on the-saleroom.com will have a fee of 3% on the hammer price added to their invoice for using this facility. Telephone bidding We reserve this service for bidding on lots of value exceeding HK$10,000. Bidding via agent Your agent has to inform us prior to the sale that he or she will be bidding on your behalf, and the usual sale registration has to take place. He or she has to provide a letter of authorisation signed by you. Please place your bids following our usual bidding increments published in the Terms and Conditions for Buyers. Please note that commission and telephone bids are undertaken subject to other commitments at the time of the sale, and the conduct of the auction may be such that we are unable to bid as requested. Since this is undertaken as free service we cannot accept liability for failure to make a commission bid. Buy bids and plus one bids will not be accepted. Please make yourself aware of any Saleroom notices published on lots you are interested in bidding on.

EXTENSIONS (STAMPS ONLY): Prospective buyers, who wish to obtain an expert opinion on any lot other than a mixed lot or lot containing un-described stamps, are requested to notify Spink in writing no less than 48 hours before the commencement of the sale. Reason why such opinion is required must be stated together with the identity of an expert for Spink to consider such a request. Extensions requested on account of condition will not be accepted for expert opinions. PAYMENT METHODS: Payments should be made by the registered buyer and not by third parties, unless it has been agreed upon at the time of registration that you are acting as an agent on behalf of a third party. Payments are due within seven days after the date of the sale unless it has been confirmed to you in writing since July 2013 that you are an approved credit client. If payment is not received by Day 35, the sale will be cancelled. If you are also a vendor in the sale, please note offsets are not available. Payment may be made by one of the following methods: Direct bank transfer to the following account, quoting invoice and client number as reference. All bank charges should be met by you. Account Name: Spink China Limited Bank: HSBC Hong Kong Account No.: 652-438458-838 SWIFT code: HSBCHKHHHKH Bank address: 1 Queen's Road Central, Hong Kong Credit card (VISA , Mastercard and CUP): A 3% surcharge will be applied. American Express: A 4% surcharge will be applied. The amount will be converted into Pound Sterling and processed in Spink London office. For all card payments there are limits to the amounts we will accept depending on the type of card being used and whether the cardholder is present or paying over the telephone. To make a payment by card please call our office at +852 3952 3000 or email china@spink.com. Hong Kong cheque drawn on HK branch of bank: Cheques should be made payable to Spink China Limited and must have cleared before your purchases can be collected or sent to you. Bankers draft/cashier’s cheque: If you provide suitable proof of identity and we are able to make checks that satisfy ourselves as to the genuineness of the draft or cheque then you may collect your purchases immediately. Cash: You may pay for lots purchased by cash in the currency of the sale. We may accept small amounts in GBP, US$ and EUR. COLLECTION OF LOTS AND SHIPPING: All lots have to be paid for in full before they can be collected or shipped. If an invoice is partly paid no lots will be released from that invoice. It is the responsibility of the buyer to be aware of any import duties or import restrictions in the final destination. Spink will not accept return of any package in order to avoid these duties. Please be aware that your purchased lots will be at your risk in all respects from the time of collection or the expiry of seven days from the date of sale, whichever is sooner. If you require sending your lots to an address different from the address on the invoice, this will be carried out at the discretion of Spink. FOR ANY FURTHER INFORMATION PLEASE CONTACT OUR AUCTION TEAM AT +852 3952 3000 or china@spink.com.

AN EVENING OF GREAT WHISKIES AND SPIRITS 15 JANUARY 2015 in Hong Kong

SALE LOCATION

YOUR SPINK TEAM FOR THIS SALE

SPINK HONG KONG 4/F and 5/F, Hua Fu Commercial Building 111 Queen’s Road West Sheung Wan Hong Kong Tel: +852 3952 3000 Fax: +852 3952 3038

FOR YOUR QUESTIONS ABOUT THE SALE LOTS

Guillaume Willk-Fabia gwillkfabia@spink.com +852 3952 3000 Angie Ihlo Fung aihlofung@spink.com +852 3952 3033

SALE DETAILS FOR YOUR BIDS

Friday 15 January 2016 at 7.00 p.m. In sending commission bids or making enquiries,

Newton Tsang ntsang@spink.com +852 3952 3032

this sale should be referred to as SFW18 Arthur Chan achan@spink.com +852 3952 3002 Doris Lo dlo@spink.com +852 3952 3001 FOR YOUR PAYMENT

Sue Pui spui@spink.com +852 3952 3010

SPINK ON SOCIAL MEDIA TWITTER:

@SpinkandSon

FACEBOOK:

INSTAGRAM: Spink_auctions YOUTUBE:

Spink Auctions Spinkauctions

Please use the QR code to visit our website, view our catalogues and other publications and place commission bids. You can download the QR Code Reader for iPhone, Blackberry and Android from App Store on your smartphone.

FOR YOUR INTERNET BIDS

Newton Tsang ntsang@spink.com +852 3952 3032

To purchase a catalogue: email: catalogues@spink.com tel: +852 3952 3000 fax: +852 3952 3038 For more information about Spink services, forthcoming sales and sales results visit the Spink Website www.spink.com

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AN EVENING OF GREAT WHISKIES AND SPIRITS

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1 Caroni Rum 1997 , Trinidad. Aged 18 years. Single Cask Bottling, bottled 2015 by Silver Seal. 46%, 70cl. Starting price: HK$2,500 2 Trinidad Rum 1991. 24 years old 50%, 70 cl. Bottled 2015, Rum is Art Series. Single cask Bottling by Silver Seal. Starting price: HK$2,800 3 Pure Demerara Rum 32 years old. Distilled at the Enmore 1977. 64.4%, 70cl. Starting price: HK$6,500 4 Legend of Cuban Rum, Pre 1962 Valdespino 45%, 70cl. Starting price: HK$5,500

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JANUARY 15, 2016 - HONG KONG

5 Demerara Rum Aged 20 years in sherry cask. Single Cask Bottling 46%, 75cl. Starting price: HK$5,800 6 Guadeloupe Bellevue 1998 Fine and Old Rum. Bottled 2015. Single cask Bottling by Silver Seal. 46%, 70cl. Starting price: HK$2,500

7 Hine Cognac 1964. 40%, 70cl. Starting price: HK$4,000

7 9

AN EVENING OF GREAT WHISKIES AND SPIRITS

8 Hine Cognac Cuffed labels. 70cl. Set of three bottles. Starting price: HK$7,000

9 Otard Cognac 1960. 70cl. Starting price: HK$3,000

10 Remy Martin 250th Anniversary Cognac (1724- 1974) Blend of very old cognac, 80 to 100 years old, comes in wooden presentation case. 40%, 70 cl. Starting price: HK$10,000

10 WWW.SPINK.COM

JANUARY 15, 2016 - HONG KONG

11 Remy Martin Cognac VSOP, released in 1950’s and 1960’s. 70cl. Stained and cuffed labels. Set of two bottles. Starting price: HK$4,500

12 Salignac Cognac Napoleon from 1960s. 70cl. Starting price: HK$3,500

12 11

AN EVENING OF GREAT WHISKIES AND SPIRITS

13 14 13 Marc de bourgongne Domaine de la Romanee Conti 1989. 45%, 75cl. Starting price: HK$7,000

14 Marc de bourgongne Domaine de la Romanee Conti 1991. 45%, 75cl. Starting price: HK$5,000

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15 15 Marc de bourgongne Domaine de la Romanee Conti 1993. 45%, 75cl. Starting price: HK$4,500

JANUARY 15, 2016 - HONG KONG

16 Ardbeg 1974, bottled 2003. Connoissers Choice by Gordon&Macphail. 43%, 70cl. Starting price: HK$6,000

17 Ardbeg 1975, bottled 2003. Connoissers Choice by Gordon&Macphail. 43%, 70cl. Starting price: HK$5,500 18 Banff 1966, 49 years old. Rare & Old, Bottled 2015. 46%, 70cl. By Gordon&Macphail. Starting price: HK$9,500 19 Benrinnes 1984, 30 years old. The Wildlife Series, Single Cask Bottling by Silver Seal. 56.6%, 70cl. Starting price: HK$5,500

AN EVENING OF GREAT WHISKIES AND SPIRITS

20 Bowmore 1972. Matured in Sherry Cask. 43%, 75cl. Bottled bythe legendary Italian Bottler Silvano Samaroli Starting price: HK$13,000 21 Bowmore 1979. 46%, 75cl. Bottled by the legendary Italian Bottler Silvano Samaroli. Starting price: HK$10,000 22 Brora 1978, 35 years old. Rare & Old, Bottled 2013. 46%, 70cl. By Gordon&Macphail Starting price: HK$8,500 23 Caol Ila 1984, 23 years old. Mission, by Muray Mc David. 54%, 70cl. Starting price: HK$4,500

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JANUARY 15, 2016 - HONG KONG

24 Carsebridge Single Grain Scotch Whisky 1963, aged 43 years. Lonach. Bottled in 2007. 43% 75cl. Starting price: HK$4,500

25 Crown Royal Northern Harvest Rye Whiskey. 45% 75cl. Set of two bottles. Starting price: HK$1,000

26 Crown Royal Northern Harvest Rye Whiskey. Jim Murray’s selection of the year. Distilled in Central Canada in the Gimli Distillery, this rye whiskey made of 95% rye has scored 97.5 out of 100 in Jim Murray’s publication of Whisky Bible 2016. 45% 75cl. Set of three bottles. Starting price: HK$1,400

AN EVENING OF GREAT WHISKIES AND SPIRITS

27 Dalmore Ceti Single Malt Scotch Whisky, aged 30 years. Aged 23 years in American ex-bourbon before finishing in Matusalem oloroso sherry butts for seven years. Comes in original black case with silver tag. 45%, 70cl. Starting price: HK$10,000

27 28 Ezra B. Single barrel, aged 12 years. Barrel No. 595, bottled 01/2015. 49.5%, 75cl. Starting price: HK$1,500

29 Glen Albyn Single Cask Single Malt Scotch Whisky 1969, aged 35 years. The Old and Rare Platinum Selection. One of 239 bottles. 53.4%, 70cl. Starting price: HK$7,000

29 WWW.SPINK.COM

JANUARY 15, 2016 - HONG KONG

30 Glen Breton Rare Single Malt Canadian Whisky 1990, aged 25 years. Bottle no. 1 of the very first single malt whisky distillation in North America, Silver Anniversary Edition. Only 130 bottles were produced of this unique single Cask strength 52.4% offering. This is an exceptionally smooth malt with vibrant finishes, imparting flavours of maple, apples and spruce from the Glenora forest and pure spring water from the granite highlands through the MacLellan's Brook. Presented in original handcrafted case with leather interior; a pair of handcrafted Nova Scotian crystal whisky glasses; and a one ounce silver bar displaying the year and the bottle number. This is a truly rare collectible. Starting price: HK$11,000

About Glenora Distillery The Glenora Distillery is located on a 900 acre ground in the Inverness County of Nova Scotia, Canada. The two copper pot stills, made by Forsyth & Sons of Speyside Scotland, are producing 50,000 litres per annum. In the first year of the distiller's production, only 20 casks were barrelled. Over the years, some of these 20 barrels have been released for both single cask bottlings (Cask #5 & #6) , and to the Distiller's signature expressions, the 'Glen Breton Rare'. In 2015, with some of these now even-rarer barrels, Glenora released 130 bottles of the 25-year-old special anniversary edition. Spink, with great honour, has come to the opputunity to present you a chance to own this Bottle no. 1 of the very first 25YO Single Malt Whisky ever produced in Northern America. 17

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31 Glen Grant 1970, 31 years old. Bottled 2001 by Samaroli. Matured in sherry cask. 45%, 70cl. Starting price: HK$6,500

32 Glen Keith-Genlivet Single Malt Scotch Whsiky, aged 42 years. 45% 70cl. Starting price: HK$5,000

33 Glendronach 1970, matured in Sherry cask. 43%, 75cl. Bottled bythe legendary Italian Bottler Silvano Samaroli. Starting price: HK$12,000

33 WWW.SPINK.COM

JANUARY 15, 2016 - HONG KONG

34 Glenfarclas 1968, 41 years old. Bottled 2010 49.7%, 70cl. Matured in sherry cask, Single Cask bottling. Distilled at the Glenfarclas Distillery. Starting price: HK$9,000

34 35 Glenfiddich Pure Malt Scotch Whisky, 21 Year Old. Comes in Wedgwood Ceramic Decanter. Bottled at the distillery. Limited edition to celebrate the Cemtenary of William Grant & Sons Ltd. (est. 1887). 43%, 75cl. Starting price: HK$3,800

36 Glengarioch 1991, aged 23 years, matured in bourbon cask. Bottled 2015. 51,3%, 70cl. Starting price: HK$2,500

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37 Glenlivet Malt Scotch Whisky 1938, aged 49 years. Comes in crystal decanter and stopper. 40% 75cl. Starting price: HK$19,000

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JANUARY 15, 2016 - HONG KONG

38 Glenlivet Single Malt Scotch Whisky 1970, aged 40 years. Impressive Cask. 40% 70cl. Starting price: HK$4,500

39 Glenlivet 1997, 19 year old. Sherry Cask matured. Cask no. 48050 59%, 70cl. Single cask Bottling of 593 Bottles by Signatory. Starting price: HK$1,800 40 Glenrothes 1990, Aged 22 years, bottled 2012. Matured in sherry Butt, at cask strength. 53.8%, 70cl. Starting price: HK$2,500 39

AN EVENING OF GREAT WHISKIES AND SPIRITS

41 Highland Park Single Malt Scotch Whisky 1955, aged 30 years. Cask strength bottling. Only 216 bottles produced. 53.2% 75cl. Starting price: HK$15,000

42 Highland Park 1970, Centenary Reserve. 40%, 70cl. Bottled 1995 by Gordon & Macphail. Starting price: HK$7,500

42 WWW.SPINK.COM

JANUARY 15, 2016 - HONG KONG

43 Highland Park 1979, 23 years old, aged in oak casks. 46%, 70cl. By Murray and McDavid Starting price: HK$4,500 44 Highland Park 1989, 25 years old, Bottled in 2015. Matured in bourbon cask. 50.8%, 70cl. Starting price: HK$2,800 45 Isle of Jura, Aged 36 years At cask strenght 44%, 70cl. Cask No. 590, One of 449 bottles. Bottling Date 19.07.2001 Starting price: HK$11,000

46 Johnnie Walker, Oldest Blended Scotch Whiskey. A blend of whiskies aged between 15 and 60 years. Very old bottling by John Walker & Sons Ltd which was the first appearance of what became Johnnie Walker Blue Label in the 1970â&#x20AC;&#x2122;s. Comes in damaged carton case. Good labels. 43%, 75cl. Starting price: HK$3,000

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47 Linkwood 1983, 23 years old. Mission, matured in Madeira Cask. By Muray Mc David. 52.1%, 70cl. Starting price: HK$4,000

47 48 Littliemill Single Malt Scotch Whisky 1990, aged 23 years. Matured in refill hogshead. 51.1% 70cl. Ben Nevis Single Blend Scotch Whisky 1970, aged 44 years. 41.1%70cl. Set of two bottles. Starting price: HK$7,000

48 49 Longmorn 1984, 30 years old. 56.3%, 70cl. The Wildlife Series, Single Sherry Cask Bottling by Silver Seal. Starting price: HK$5,500

49 WWW.SPINK.COM

JANUARY 15, 2016 - HONG KONG

50 Longmorn 1992, 22 years old. Bottled 2015. Matured in Pedro Ximinex Sherry Butt. Bottled at cask strength. 53.4%, 70cl. Starting price: HK$2,800 51 Macallan Glenlivet 1963, 30 years old. Bottled 1993. 52.6%, 70cl. Cadenhead's Authentic Collection. Starting price: HK$12,000

SPECIAL COMMISSIONS BESPOKE TABLEWARE For more information, please contact: Marcus Budgen: Email: mbudgen@spink.com | Tel: +44 (0)20 7563 4092 Robin Raw: Email: rraw@spink.com | Tel: +44 (0)20 7563 4093

AN EVENING OF GREAT WHISKIES AND SPIRITS

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JANUARY 15, 2016 - HONG KONG

52 Macallan Elliot Erwittâ&#x20AC;&#x2122;s Great Scottish Adventure. 43% 35cl. Part of the fourth Macallan Masters of Photography project. Handmade 35cl glass flask These Acclaimed photographer Elliot Erwitt. Starting price: HK$11,000

AN EVENING OF GREAT WHISKIES AND SPIRITS

53 The Macallan Replica Edition 1861. Speyside Single Malt. Distilled at the Macallan Distillery in 1993. Distillery bottled. Second of Macallan’s famous “replica” series. 42.7%, 70cl. The Macallan Replica Edition 1876 Scotch Whisky Speyside Single Malt. Distilled & Bottled by the Macallan Distillers. Replica of the bottle of an original bottling by James Stuart & Co, owners of the Macallan Distillery in 1868. 40.6%, 70cl. The Macallan Replica Edition 1841 Malt Whisky Speyside Single Malt. Distilled & Bottled by the Macallan Distillers. Replica of the bottle of an original bottling for Priest and Davidson, joint owners of the Macallan Distillery from 18471851. 41.7%, 70cl. 53

Set of 3 bottles, with original box. Starting price: HK$10,500

54 Miltonduff 1992, Aged 21 years. Bottled 2013. Matured in sherry butt, at cask strength. 56.7%, 70cl. Starting price: HK$2,500

54 WWW.SPINK.COM

JANUARY 15, 2016 - HONG KONG

55 North British Single Grain Scotch Whisky 1962, Aged 51 years. 44.9% 70cl. Littlemill Single Malt Scotch Whisky, aged 22 years. 48.5% 70cl. Set of two bottles. Starting price: HK$7,500

56 Port Ellen Single Malt Scotch Whisky 1978, aged 24 years. 2nd release. Matured and bottled by the Distillers. 59.35% 70cl. Starting price: HK$12,000 57 Port Ellen Single Malt Scotch Whisky 1978, aged 29 years. 8th release. Bottled in 2008 at cask strength. One of 6618 bottles. 55.3% 70cl. Starting price: HK$11,500

AN EVENING OF GREAT WHISKIES AND SPIRITS

58 Port Ellen Single Malt Scotch Whisky 1979, aged 24 years. 3rd release. Matured and bottled by the Distillers. Natural cask strengt bottling. 57.3% 70cl. Starting price: HK$12,000 59 Port Ellen Single Malt Scotch Whisky 1979, aged 32 years. Bottled in 2011 at cask strength. 11th release. One of 2988 bottles. 53.9% 70cl. Starting price: HK$12,000 60 Suntory Whisky President's Choice 43%, 72cl. In Singapore duty paid. Starting price: HK$4,000

60 WWW.SPINK.COM

JANUARY 15, 2016 - HONG KONG

THE DÀ MHÌLE ORGANIC SPRINGBANK CASK A unique piece of Scotch whisky history First DÀ MHÌLE Cask for sale at auction

AN EVENING OF GREAT WHISKIES AND SPIRITS

61 Dà Mhìle Organic Springbank cask A unique piece of Scotch whisky history Dà Mhìle Springbank 1992, 24 years old in 2016. Cask No. 240. At cask strength 50-52%, should produce about 280 bottles. With this auction, Spink and Dà Mhìle offer a fortunate buyer the rare opportunity to be the last one to secure such cask of Dà Mhìle Springbank 1992. The buyer will be invited for a private visit of Springbank and Dà Mhìle distillery in Scotland. A number of the 11 casks have been tasted and scored by Jim Murray, the world’s most renowned whisky writer who has scored them twice as “Superstar whisky” in his bible of 2011 and 2013. In the 2011 Bible, he scored the Dà Mhìle NEWBORN, organic Springbank edition with 95 points “Superstar whisky”. In the 2013 Bible he scored the Dà Mhìle “LOST&FOUND”, organic Springbank edition with 94 points – also putting it into the “Superstar whisky” category. According to Jim Murray, Springbank reaches its optimum, aged between 20 and 25 years.

Term & Conditions: - Price is ex-bond at GLEN SCOTIA distillery in Campbeltown, Scotland duty free Other charges for the new owner of this cask apply: - If the new buyer decide to have the whisky bottled in 2016, the bottling charges would be HK$9,850 - For bottling 280 bottles. It includes the price of the bottles, corks, caps and labeling but exclude the cost of the labels themselves. - If the bottling takes place at Dà Mhìle Distillery, transportation charges for the cask with insurance would be HK$4,900 - New owner could create his/her own label at his cost - Storage at Glen Scotia is around HK$1,800 per year should the new owner decide to keep it there.

Starting price: HK$553,000

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JANUARY 15, 2016 - HONG KONG

Bottle No. 1000 was gifted to HRH Prince Charles

About Dà Mhìle Dà Mhìle (pronounced da-vee-lay) is Gaelic for 2000 and is the brain-child of John Savage-Onstwedder, who commissioned the SPRINGBANK distillery in Campbeltown to create the first organic single malt scotch whisky in the modern world to celebrate the Millennium. The original batch was created in 1992. SPRINGBANK possess probably the best collection of old, low-roofed, dirt floored warehouses in Scotland. In these perfect conditions stocks mature to great ages and in a variety of different casks, sometimes even rum. There is a row of casks different to anything else in the world: they contain organic whisky. They were filled in 1992 by the Welsh organic farmer, John Onstwedder, who wanted to create for the millennium a whisky made from barley grown free from chemicals and produced in the most natural way he could find. Springbank was the only distillery which could match his exacting criteria. They even painted the cask ends green and stenciled “organic” onto them so that they could easily identify the casks in the warehouse. John is now entering the next phase of his whisky journey having built a distillery to create his own spirits and bring the first production of Organic Whisky to Wales – malting, mashing, distilling and bottling everything on site. 33

AN EVENING OF GREAT WHISKIES AND SPIRITS

62 Springbank 1965. 46%, 75cl. Bottled by the legendary Italian Bottler Silvano Samaroli. Starting price: HK$15,000

63 Springbank 1968, aged 38 years. Starting price: HK$9,500

63 64 Karuizawa Pure Malt Whisky, aged 12 years. Distilled and bottled at Karuizawa (Mercian) distillery 40%, 70cl. In Singapore duty paid. Starting price: HK$8,000 65 Karuizawa Pure Malt Whisky, aged 15 years. Distilled and bottled at Karuizawa (Mercian) distillery 40%, 70cl. In Singapore duty paid. Starting price: HK$10,000 64

65 WWW.SPINK.COM

JANUARY 15, 2016 - HONG KONG

66 Karuizawa Noh Whisky Multi Vintages #1. Four vintages from 1981, 1982, 1983 & 1984, in cask number #6405, #4973, #8184 & #6437. Sherry Butt and Bourbon Cask. Bottled in October 2011. 59.1% 70cl. Starting price: HK$13,000

66 67 Karuizawa Single Cask Malt Whisky Vintage 1972, aged 40 years. Cask no. #8833. Sherry Butt. Bottled in 2012. One of 267 bottles. 55.9% 70cl. Starting price: HK$60,000

67 35

AN EVENING OF GREAT WHISKIES AND SPIRITS

68 Karuizawa Single Cask Malt Whisky Vintage, Samurai Label, aged 30 years. Cask number #3139. Sherry Butt. Bottled in 2014. One of 494 bottles. Comes in original wooden case. 55.4% 70cl. Starting price: HK$30,000

69 Karuizawa Single Cask Whisky Vintage, aged 30 years. Qianglong. Cask #3619. Sherry Cask. One of 282 bottles. Comes in original wooden case. 60.6% 70cl. Starting price: HK$45,000

WWW.SPINK.COM

JANUARY 15, 2016 - HONG KONG

70 Karuizawa Single Malt Single Cask Whisky 1982. Cask no. 2230, Sherry Butt. Bottled in 2008. One of 612 bottles. 58.0% 70cl. Starting price: HK$17,000

71 Karuizawa Single Malt Single Cask Whisky 1989. Cask no. 4587, Sherry Butt. Bottled in 2010. One of 240 bottles. 59.6% 70cl. Starting price: HK$13,000

AN EVENING OF GREAT WHISKIES AND SPIRITS

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JANUARY 15, 2016 - HONG KONG

72 Karuizawa Single Malt Single Cask Whisky 1964, aged 48 years. Cask #3603. 57.7% 50ml. Starting price: HK$14,000

73 Karuizawa Single Malt Single Cask Whisky 1964, aged 48 years. Cask #3603. Distilled 1st September 1964, Bottled 24th December 2012. Matured for over 48 years in sherry cask. Only 143 bottles were ever produced. At the time of bottling, it was the single oldest expression of the distillery which was closed in 2011. The bottle comes in the original wooden presentation case, accompanied by descriptive booklet and tasting notes. 57.7% 70cl. Starting price: HK$180,000

AN EVENING OF GREAT WHISKIES AND SPIRITS

74 Karuizawa Single Malt Whisky 1986, aged 28 years. Cask #6206, sherry butt. One of only 51 bottles. 56.5% 70cl. Starting price: HK$38,000

75 Karuizawa Single Malt Whisky 1987, aged 27 years. Cask #2031, sherry butt. One of only 83 bottles. 58.4% 70cl. Starting price: HK$35,000

75 WWW.SPINK.COM

JANUARY 15, 2016 - HONG KONG

76 76 Karuizawa Single Malt Whisky 1986, aged 28 years. Cask #6206, sherry butt. One of only 313 bottles. 56.5% 70cl. Karuizawa Single Malt Whisky 1987, aged 27 years. Cask #2031, sherry butt. One of only 313 bottles. 58.4% 70cl. Karuizawa Single Malt Whisky 1988, aged 26 years. Cask #3406, sherry butt. One of only 313 bottles. 57.4% 70cl. Set of three bottles. Starting price: HK$80,000

AN EVENING OF GREAT WHISKIES AND SPIRITS

77 Karuizawa Single Malt Whisky 2000, aged 13 years. Cask number #166. Sherry Butt. Selected by La Maison du Whisky. Bottled in 2013. 64.3% 70cl. Starting price: HK$9,000

78 Kawasaki Single Grain Whisky 1982. Cask no. 7411. Sherry Butt. Bottled in 2010. One of 669 bottles. 65.3% 70cl. Starting price: HK$8,000

78 WWW.SPINK.COM

JANUARY 15, 2016 - HONG KONG

79 Nikka Malt Whisky Taketsuru, aged 25 years. Comes in original box. 43% 70cl. Starting price: HK$5,000

THE SPINK APP You can download the Spink App for iPhone, Blackberry and Android from the App Store on your smartphone. Browse a stunning collection of our catalogues and learn more about your faveourite areas of collecting.

AN EVENING OF GREAT WHISKIES AND SPIRITS

80 Nikka Single Cask Malt Whisky 1987 Cask no. 15. 59%, 70cl. In Singapore duty paid. Starting price: HK$11,000 81 Nikka Single Malt Whisky 1964, aged 34 years. Real Vintage. Released in 1998. Only 1000 bottles were produced. Comes in original wooden case. 43% 75cl. Starting price: HK$24,000

82 Nikka Whisky, aged 35 years. Comes in original presentation case, with a notebook replicating Taketsuruâ&#x20AC;&#x2122;s whisky notes. 48% 70cl. Starting price: HK$28,000 WWW.SPINK.COM

JANUARY 15, 2016 - HONG KONG

83 SMWS Single Cask Single Malt Whisky 1996, aged 17 years. Cask # 132.4. Distilled by Karuizawa. Refill ex-sherry butt. One of 346 bottles. 58.6% 70cl. SMWS Single Cask Single Malt Whisky 1999, aged 14 years. Cask # 132.5. Distilled by Karuizawa. Refill ex-sherry butt. One of 495 bottles. 61.1% 70cl. Set of two bottlles. Starting price: HK$13,000

84 Suntory Whisky 90th Anniversary. Blened. 43%, 72cl. In Singapore duty paid. Starting price: HK$5,000

AN EVENING OF GREAT WHISKIES AND SPIRITS

85 Suntory Yamazaki Whisky Age Unknown. Distilled and Bottled by Yamazaki Distillery. Labelled â&#x20AC;&#x153; Age Unknown, Keizo Saji, Chairman, Suntory Limited. Single Malt. In Singapore duty paid. 43% 75cl. Starting price: HK$43,000

86 Chichibu Whisky Live Tokyo 2011. Distilled 2008, bottled 2011. Chichibu Distillery. 61.8%, 70cl. Starting price: HK$5,000

THE MEISO MIZUHARA EXHIBITION COLLECTION OF THE CUSTOMS POST OF CHINA 17 JANUARY 2016, 10 AM | HONG KONG

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JANUARY 15, 2016 - HONG KONG

87 Yamazaki Single Malt Whisky, aged 25 years. 43%, 70cl. Starting price: HK$18,000

END OF SALE

––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– ––––––––––––––––––––––––––––––––––––––––––––

4/F and 5/F, Hua Fu Commercial Building 111 Queen’s Road West Sheung Wan Hong Kong Tel: +852 3952 3000 Fax: +852 3952 3038 NAME ______________________________________________________

WRITTEN BIDS FORM

This form should be sent or faxed to the Spink auction office in advance of the sale. References for new clients should be supplied in good time to be taken up before the sale. Bids received later than ____________________________________________________________ one hour before the start of the sale may not be processed.

ADDRESS ____________________________________________________

____________________________________________________________ POSTCODE ___________________________________________________

SALE TITLE

DATE

SALE No.

AN EVENING OF GREAT WHISKIES AND SPIRITS

Friday 15 January 2016 at 7.00 p .m.

SFW18

I request Spink, without legal obligations of any kind on its part, to bid on the following Lots up to the price given below. I understand that if my bid is successful the Purchase Price will be the sum of the final bid and Buyer’s premium as a percentage of the final bid. The Rate of Premium is 22% of the final hammer price of each lot. I understand Spink will pursue me for payment for any successful bid. In addition, I understand and consent that Spink may share my personal details relating to the default with other auction houses and live bidding platforms to protect themselves from such defaults. All bids shall be treated as offers made on the Terms and Conditions for Buyers printed in the catalogue. I also understand that Spink provides the service of executing bids on behalf of clients for the convenience of clients and that Spink will not be held responsible for failing to execute bids. If identical commission bids are received for the same Lot, the commission bid received first by Spink will take precedence. Please note that you will not be notified if the re are higher written bids received.

Please contact us before placing your bids should you require shipping services. Lot Number (in numerical order)

TEL. HOME

Price Bid HK$ (excluding Buyer’s Premium)

Lot Number (in numerical order)

Price Bid HK$ (excluding Buyer’s Premium)

Lot Number (in numerical order)

Price Bid HK$ (excluding Buyer’s Premium)

______________________________________________

TEL. OFFICE ____________________________________________

____________________________________________________

E-MAIL ________________________________________________

SIGNATURE _______________________________________________

VAT NUMBER ___________________________________________

FAX

Please indicate the type of card:

V ISA

MASTERCARD

PAYMENT MADE BY MASTERCARD OR VISA ARE SUBJECT TO A 3% FEE CARD NO: SIGNATURE

START DATE: EXPIRY DATE

ISSUE NO:

SECURITY CODE:

NAME (ON CREDIT CARD)

Please charge all purchases to my card Do not charge my card. I will arrange to send payment. (Spink will only charge your card should you default on the payment terms agreed) Please hold my purchased lots for collection

Continued ...

DATE

SALE NO.

Friday 15 January 2016 at 7.00 p.m.

SFW18

PLEASE PRINT CLEARLY IN BLOCK LETTERS AND ENSURE THAT BIDS ARE IN HONG KONG DOLLARS Lot Number (in numerical order)

Price Bid HK$ (excluding Buyer’s Premium)

Lot Number (in numerical order)

Price Bid HK$ (excluding Buyer’s Premium)

Lot Number (in numerical order)

Price Bid HK$ (excluding Buyer’s Premium)

BIDDING INCREMENTS Bidding generally opens below the low estimate and advances in the following order although the auctioneer may vary the bidding increments during the course of the auction. The normal bidding increments are: HK$100 to HK$2,000 HK$2,000 to HK$3,000 HK$3,000 to HK$5,000 HK$5,000 to HK$10,000 HK$10,000 to HK$20,000 HK$20,000 to HK$30,000

by by by by by by

HK$100 HK$200 HK$200 or HK$300 HK$500 HK$1,000 HK$2,000

HK$30,000 to HK$50,000 HK$50,000 to HK$100,000 HK$100,000 to HK$ 200,000 HK$200,000 to HK$300,000 HK$300,000 to HK$500,000 HK$500,000 and up

by HK$2,000 or HK$3,000 by HK$5,000 by HK$10,000 by HK$20,000 by HK$20,000 or HK$30,000 at Auctioneer’s discretion

REFERENCES REQUIRED FOR CLIENTS NOT YET KNOWN TO SPINK

TRADE REFERENCES BANK REFERENCES

________________________________________________________________________________________ _____________________________________________________________________________________________________

FINE STAMPS AND COVERS OF HONG KONG AND CHINA 17 JANUARY 2016 | HONG KONG

The Unique 96c. Olive-bistre Block of Four Estimate HK$7,000,000 – 8,000,000

#SPINK_AUCTIONS

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CONDITIONS OF BUSINESS Spink China Ltd (hereafter referred to as Spink) and Buyer hereby agree to the following Terms and Conditions for auctions conducted by Spink China Ltd. 1 The Buyer The highest bidder shall be the Buyer at the ‘hammer price’ and any dispute shall be settled at the auctioneer’s absolute discretion. Every bidder shall be deemed to act as principal unless there is in force a written acknowledgement by Spink that he/she acts as agent on behalf of a named principal. 2 The Premium The buyer shall pay to Spink a premium of 22% of the hammer price on all lots. 3 Bidder Registration Bidding is strictly by paddle only. All floor bidders are requested to register prior to bidding. You must complete and sign a registration form and provide an identification before making a bid at auction. Please be aware that we usually require buyers to undergo a credit check. 4 Payment After a lot is sold the Buyer must pay to Spink the ‘total amount due’ within seven days after the date of the sale. Any payments by a Buyer to Spink may be applied by Spink towards any sums owing from that Buyer to Spink on any account whatever without regard to any directions of the buyer or his agent, whether express or implied. 5 Ownership The ownership of the lot purchased shall not pass to the buyer until he has made payment in full to Spink of the ‘total amount due’. 6 Collection of Purchases (a) The Buyer shall at his own expense take away the lot purchased not later than 7 working days after the day of the auction but not before payment to Spink of the ‘total amount due’. (b) The buyer shall be responsible for any removal, storage and insurance charges on any lot not taken away within 8 working days after the day of the auction. Please refer to the table explaining additional costs depending on where lots are lying. 7 Buyers responsibilities for lots purchased The buyer will be responsible for loss or damage to lots purchased from the time of collection or the expiry of 7 working days after the day of the auction, whichever is the sooner, and neither Spink nor its respective staff or agents shall thereafter be responsible for any loss or damage of any kind, whether caused by negligence or otherwise, while any lot is in their custody or under their control. It is the responsibility of the Buyer to be aware of any Import Duties that may be incurred upon importation to the final destination. Spink will not accept return of any package in order to avoid these duties. The onus is also on the Buyer to be aware of any Customs import restrictions that prohibit the importation of certain collectibles. Spink will not accept return of the Lot(s) under these circumstances. Spink will not accept responsibility for lots seized or destroyed by Customs. If the Buyer requires delivery of the lot to an address other than the invoice address this will be carried out at the discretion of Spink. 8 Remedies for non-payment or failure to collect purchases If any lot is not paid for in full and taken away in accordance with Conditions 4, 6 and 7. or if there is any other breach of either of those Conditions, Spink as agent of the Seller shall, at

its absolute discretion and without prejudice to any other rights they may have, be entitled to exercise one or more of the following rights and remedies: (a) to proceed against the Buyer for damages for breach of contract; (b) to rescind the sale of that or any other lots sold to the defaulting buyer at the same or any other auction; (c) to re-sell the lot or cause it to be re-sold by public auction or private sale and the defaulting Buyer shall pay to Spink any resulting deficiency in the ‘total amount due (after deduction of any part payment and addition of re-sale costs) and any surplus shall belong to the Seller; (d) when reselling the Lot, place a notice in our catalogue stating that you successfully purchased the Lot at auction but have subsequently failed to pay the Hammer Price of the Lot; or (e) to remove, store and insure the lot at the expense of the defaulting Buyer and, in the case of storage, either at Spink or elsewhere; (f) to charge interest at a rate of 2% per month on the ‘total amount due’ to the extent it remains unpaid for more than 7 working days after the day of the auction; (g) to retain that or any other lot sold to the same Buyer at the same or any other auction and release it only after payment of the ‘total amount due; (h) to reject or ignore any bids made by or on behalf of the defaulting Buyer at any future auctions or obtain a deposit before accepting any bids in future; (i) to apply any proceeds of sale then due or at any time thereafter becoming due to the defaulting Buyer towards settlement of the ‘total amount due’ and to exercise a lien on any property of the defaulting Buyer which is in Spink possession for any purpose. 9 Use of Default Information If you fail to make payment for a Lot in accordance with these Terms and Conditions 9.1 we reserve the right to refuse you the right to make bids for any future auction irrespective of whether previous defaults have been settled; and 9.2 you consent to us disclosing details of such default to other auctioneers and live bidding platforms, which will include your name, address, nature of the default and the date of the default. Auctioneers or live bidding platforms who receive details of the default may rely on such information when deciding whether to enter into a transaction with you in the future. 10 Liability of Spink and Sellers All goods are sold “AS IS”. Illustrations in catalogues are for identification only. Buyers should satisfy themselves prior to the sale as to the conditions of each lot and should exercise and rely on their own judgment as to whether the lot accords with its description. 11 Unsold Lots Spink reserves the right to charge commission up to one-half of the ‘stated rates’ calculated on the ‘reserve price’ and in addition ‘expenses’ in respect of any unsold lots. 12 Spink sells as agent for the seller and as such is not responsible for any default by Seller or Buyer. 13 Any representation or statement by Spink in any catalogue as to authorship, attribution, genuineness, origin, date, age, provenance, condition or estimated selling price is a statement of opinion only. Every person interested should exercise and rely on his own judgment as to such matters and neither Spink nor its respective staff or agents are responsible for the correctness of such opinions.

14 While the interests of prospective Buyers are best served by attendance at the auction, Spink will, if so instructed, execute bids on their behalf, neither Spink nor its respective staff or agents being responsible for any neglect or default in doing so or for failing to do so. 15 Spink shall have the right at its discretion to refuse admission to its premises or attendance at its auctions to any person. 16 Spink has absolute discretion without giving any reason to refuse any bid, to divide any lot to combine any two or more lots, to withdraw any lot from the auction and in case of dispute to put up any lot for auction again. 17 USE OF YOUR PERSONAL INFORMATION 17.1 We will use the personal information you provide to us to: 17.1.1 process the bids you make on Lots (whether successful or otherwise) and other auction related services we provide; 17.1.2 process your payment relating to a successful purchase of a Lot; 17.1.3 arrange for delivery of any Lot you purchase, which will include passing your details to shipping providers and, on overseas deliveries, to customs where they make enquiries regarding the Lot; 17.1.4 inform you about similar products or services that we provide, but you may stop receiving these at any time by contacting us. 17.2 In accordance with clause 3, you agree that we may pass your information to credit reference agencies and that they may keep a record of any search that they do. 17.3 In accordance with clause 9, you agree that where you default on making payment for a Lot in accordance with these terms and conditions we may disclose details of such default to other auctioneers and live bidding platforms. 17.4 We are also working closely with third parties (including, for example, other auctioneers and live bidding platforms) and may receive information about you from them. 18 (a) Any indemnity under these Conditions shall extend to all actions, proceedings, costs, expenses, claims and demands whatever incurred or suffered by the person entitled to the benefit of the indemnity. (b) Spink declares itself to be trustees for its respective relevant staff and agents of the benefit of every indemnity under these Conditions to the extent that such indemnity is expressed to be for the benefit of its staff and agents. 19 Any notice by Spink to a seller, consignor, prospective bidder or buyer may be given by pre-paid mail in Hong Kong or airmail outside Hong Kong and if so given shall be deemed to have been duly received by the addressee one week after posting. 20 These Conditions shall be governed by and construed in accordance with Hong Kong law. All transactions to which these Conditions apply and all matters connected therewith shall also be governed by Hong Kong law. Spink hereby submits to the exclusive jurisdiction of the Hong Kong courts and all other parties concerned hereby submit to the nonexclusive jurisdiction of the Hong Kong courts. 21 In these Conditions of business:(a) ‘catalogue’ includes any advertisement, brochure, estimate, price list and other publication; (b) ‘hammer price’ means the price at which a lot is knocked down by the auctioneer to the Buyer;

(c) ‘total amount due’ means the ‘hammer price’ in respect of the lot sold together with any premium and additional charges and expenses due from a defaulting buyer in Hong Kong dollars; (d) ‘sale proceeds’ means the net amount due to the seller being the ‘hammer price’ of the lot sold less commission at the ‘stated rates and ‘expenses’ and any other amounts due to Spink by the seller in whatever capacity and howsoever arising; (e) ‘expenses’ in relation to the sale of any lot means Spink charges and expenses for insurance, illustrations, special advertising, packing and freight of that lot. 22 The headings in these Conditions do not form part of the Conditions but are for convenience only. NOTICE Bids If instructed, Spink will execute bids, and advise the intending purchaser. Lots will always be bought as cheaply as is allowed by such other bids or reserves as are on Spink books. Bids may be placed in writing before the commencement of the sale by giving to Spink a bid form for the lot, duly filled in with the name, contact phone number(s), full address of the Buyer, number of the lot, and amount of the bid in Hong Kong dollars. All bids when placed by telephone are accepted only at the sender’s risk, and must be confirmed to Spink in writing, or by facsimile, before the sale. Clearance of Purchases In order to avoid delay in clearing purchases, Buyers unknown to Spink are advised to make arrangements before the sale for payment or for references to be supplied. If such arrangements are not made, checks will be cleared before purchases are delivered. Purchase by Non-Residents Purchases made by non-residents in Hong Kong may be exported on the instructions of the Buyer at his expense. Shipping instructions may be given upon payment to Spink. Currency Converter A currency converter will be operated at our auctions but only for the guidance of bidders. All foreign currency amounts displayed are approximations based on recent exchange rate information and may not be relied upon to calculate any invoices or statements. Spink assumes no responsibility for any error or omission in foreign or Hong Kong currency amounts shown. THE SALE WILL BE CONDUCTED IN HONG KONG DOLLARS Carriage / Insurance / Collection Wines that are lying in Hong Kong at the time of the auction can be collected from the Spink China Ltd office if instructions have been received. The purchases can also be exported out of Hong Kong at the Buyer’s expense. Wines that are lying outside of Hong Kong at the time of the auction can be exported to a local address or a foreign address at the Buyer’s expense. Buyer’s should insure their purchase. Spink shall not be held responsible for any damage occurred during transportation.

Carriage / Insurance / Collection cont. Location of the Lot

Collection in Hong-Kong

Collection in the UK

Collection outside of Hong-Kong

Hong-Kong wine duty & tax free

London (UK) wine/spirit duty & tax free (in bond)

Collection from Spink Hong-Kong Office Collection from Shipping is payable Spink Office A separate quotation can be provided Collection from Spink London Office Delivery is payable outside of London Local Goods & Services tax and duty are payable prior to delivery Shipping is Shipping is payable payable A separate quotation can Local Goods & be provided Services tax and Local Goods & Services tax and duty if any are duty if any are payable prior to delivery payable

GUIDE FOR ABSENTEE BIDDERS ABSENTEE BIDS If you are unable to attend an auction in person, and wish to place bids, you may consider instructing Spink Bid Department to bid on your behalf. Upon receiving your written instructions, our representative will make every effort possible to try to acquire the lot(s) of your choice at the lowest price possible, and never to exceed the top limit you indicate. This service is complimentary and with strict confidence. Spink offer this value-added service as a convenience to our clients who are unable to attend the auction, however, Spink Ltd will not be held responsible for error, omission or failure to execute bids. PLACING ABSENTEE BIDS To place bids, please use the absentee bid form provided in the catalogue. Be sure to accurately record the lot number(s) and the top price you are willing to pay for each lot. “Buy” bids will not be accepted. Always indicate a “top limit” - the amount to which you would bid if you were attending the auction yourself. Alternative bids should be indicated by using the word “OR” between lot numbers. If your bid on an early lot is successful, we will not continue to bid on other lots for you. Or, if your early bids are unsuccessful, we will continue to execute bids for alternative lots until a bid is successful. Bids must always be placed in the same order as the lot numbers appear in the catalogue. Each absentee bid form should contain bids for one auction only; the auction code number should be stated on the form. Please place your bids as early as possible. In the event of identical bids, the earliest received will take precedence. TELEPHONE BIDS Bids may be placed by telephone, but are accepted subject to Spink discretion and are at caller’s risk. At the sole discretion of Spink, telephone bids may be recorded. By bidding on the telephone, prospective purchasers consent thereto. BUYER’S PREMIUM The “top limit” you indicate on your bid form is for the hammer price only. A 22% buyer’s premium will be added to the successful bid price for each lot you buy and is payable by you. ON-LINE BIDDING We offer internet services as a convenience to our clients. We will not be responsible for errors or failures to execute bids

placed on the internet, including, without limitation, errors or failures caused by a loss of internet connection by either party for whatever reason; a breakdown or problems with the online bidding software and/or a breakdown or problems with your internet connection, computer or system. Execution of on-line internet bids is a free service undertaken subject to other commitments at the time of the auction and we do not accept liability for failing to execute an online internet bid or for errors or omissions in connection with this activity. BIDDING INCREMENTS HK$100 to HK$2,000 by HK$100 HK$2,000 to HK$3,000 by HK$200 HK$3,000 to HK$5,000 by HK$200 or HK$300 HK$5,000 to HK$10,000 by HK$500 HK$10,000 to HK$20,000 by HK$1,000 HK$20,000 to HK$30,000 by HK$2,000 HK$30,000 to HK$50,000 by HK$2,000 or HK$3,000 HK$50,000 to HK$100,000 by HK$5,000 HK$100,000 to HK$ 200,000 by HK$10,000 HK$200,000 to HK$300,000 by HK$20,000 HK$300,000 to HK$500,000 by HK$20,000 or HK$30,000 HK$500,000 and up at Auctioneer’s discretion SUCCESSFUL BIDS Successful bidders will be notified and invoiced within a few days of the auction. Payments should be made by the registered buyer and not by third parties, unless it has been agreed upon at the time of registration that you are acting as an agent on behalf of a third party. Payments are due within seven days after the date of the sale unless it has been confirmed to you in writing since July 2013 that you are an approved credit client. If payment is not received by Day 15, the sale will be cancelled. Payment may be made by one of the following methods for overseas buyer: Direct bank transfer to the following account, quoting invoice and client number as reference. All bank charges should be met by you. Account Name: Spink China Limited Bank: HSBC Hong Kong Account No.: 652-438458-838 SWIFT code: HSBCHKHHHKH Bank address: 1 Queen’s Road Central, Hong-Kong Credit card (VISA , Mastercard and CUP): A 3% surcharge will be applied. For all card payments there are limits to the amounts we will accept depending on the type of card being used and whether the cardholder is present or paying over the telephone. To make a payment by card please call our office at +852 3952 3000 or email china@spink.com. Bankers draft/cashier’s cheque: If you provide suitable proof of identity and we are able to make checks that satisfy ourselves as to the genuineness of the draft or cheque then you may collect your purchases immediately. Cash: You may pay for lots purchased by cash in the currency of the sale. We may accept small amounts in GBP, US$ and EUR. FOR MORE INFORMATION To place telephone bids, or for further information, please contact us at +852 3952 3000 or email china@spink.com.

SALE CALENDAR 2016 STAMPS 17 January 17 January 27/28 January 23 February 23 February 24 February 27/28 April April/May June 6/7 July

Meiso Mizuhara, The Exhibition Collection, China Customs Post Fine Stamps and Covers of China and Hong Kong The Philatelic Collector's Series Sale Drs. Joanne and Edward Dauer Collection of Australian States and Commonwealth The “Britannia” Collection of Barbados India, The De La Rue Issues The Philatelic Collector's Series Sale The Pre-New York 2016 Collector’s Series Sale The Jose Castillejo Collection of Guatemala, 1871-86 The Philatelic Collector's Series Sale

Hong Kong Hong Kong London London London London London New York New York London

16012 16013 16010 16038 16024 16023 16027 154 155 16030

COINS 16 January 27/28 January 22 March 22 March 22/23 March 29 June 29/30 June

Banknotes, Bonds & Share Certificates and Coins of China and Hong Kong The Numismatic Collector's Series Sale The Academic Collection of Lord Stewartby: English Coins part 1, Anglo-Saxon and Norman Coins The Dr Paul Broughton Collection of English Hammered Gold Coins Ancient, British & Foreign Coins and Commemorative Medals The Academic Collection of Lord Stewartby: English coins part 2, Plantagenet, Lancastrian and Yorkist Coins Ancient, British & Foreign Coins and Commemorative Medals

Hong Kong New York London London London London London

16011 323 16019 16014 16004 16020 16005

BANKNOTES 16 January 27/28 January 12 April 12/13/14 April 5 July

Banknotes, Bonds & Share Certificates and Coins of China and Hong Kong The Numismatic Collector's Series Sale The Bruce Smart Collection of Middle Eastern Banknotes World Banknotes World Banknotes

Hong Kong New York London London London

16011 323 16037 16008 16009

New York

323

21 April 21 July

The Numismatic Collector's Series Sale featuring The Liberty Collection of Medals and Artefacts Relating to the 1916 Easter Rising and Ireland's Fight for Independence Orders, Decorations, Campaign Medals & Militaria Orders, Decorations, Campaign Medals & Militaria

London London

16001 16002

BONDS & SHARES 16 January 27/28 January 27 May

Banknotes, Bonds & Share Certificates and Coins of China and Hong Kong The Numismatic Collector's Series Sale Bonds & Share Certificates of the World

Hong Kong New York London

16011 323 16017

AUTOGRAPHS 27/28 January

The Numismatic Collector's Series Sale

New York

323

WINES 15 January 8 April 23 June

An Evening with Great Whiskies and Spirits An Evening with Great Whiskies and Spirits An Evening with Great Whiskies and Spirits

Hong Kong Hong Kong Hong Kong

SFW18 SFW19 SFW20

MEDALS 27/28 January

The above sale dates are subject to change. ____________________________ Spink offers the following services: Valuation for insurance and probate for individual items or whole collections.

STAMPS COINS BANKNOTES MEDALS BONDS & SHARES AUTOGRAPHS BOOKS WINES