太陽國際拍賣行澳門首拍 : 當代及現代藝術e-catalogue by Sun Auction

e-Catalogue

Beginnings

Z h i lo n g a M n o m i S Bob Yan L u o T a i s h e n g

Ma o Xu h u i Y ue Zhang Enli

Mi n j u n

Xiang Ji n g Yin Zhaoyang L ianqing S u X i n p i n g Wang X i n g g ang i e W Ming yi Zou

方力申和家人與吳冠中老師夫婦合照 A photo of Alex Fong, his family and Master Wu guanzhong and his wife

序收藏－藏於人類的本性，每個小男孩或小女孩都有過收藏郵票或其他什麼小玩意的經驗。從我的運動員時代到現在，我也愛收藏名星運動員的簽名照片、衣物、籃球、足球等等。而我的弟弟則喜歡在旅遊的時候在當地尋找一些他認為有價值或能升值的舊東西、古董等。我們的收藏興趣大致也來自於我的父親。我的父親不大講究吃的、穿的，在生活上很節儉，反而在收藏上毫不吝嗇。他尤其喜歡黃花梨，從小件的投資，像筆筒，鏡箱，小盒等開始，如獲至寶。父親喜歡把自己的收藏展示在家裡，觀賞其木紋，觸摸其材質，感受其形態，享受其歲月的歷練，怡然自得。父親甚至將收藏興趣發展成事業，投身藝術行業，開辦了自己的畫廊，至今已近三十年。而我的母親是吳冠中的乾女兒，耳濡目染下，我和弟弟很自然的也展開了藝術收藏之旅。在對藝術追尋的過程中，慢慢從認知，提升了品味、也改變了我的性情、漸漸我的藝術判斷力都有所增長。當然碰上好運氣和眼光的話，藏品增值，則另有一番喜悅在心頭。在此，我想跟分享說是：既然收藏的傾向生於我們的本質，那麼就隨心往自己的喜愛踏步，力所能及地開始吧！去享受收藏，去學習、去分享其讓我們成長的各般樂趣吧！

Prologue The habit of collecting is rooted in our instinct. The collection of stamps or small gadgets are more or less the first attempt for most little boys and girls to kick start their collection. Since the days of being an athlete, I started collecting autographed photos, clothes, basketballs and footballs from famous athletes. And my younger brother, instead, loves to search for old items and antiques when he travels – things that he considers as valuable or having the potential of value growth. Our passion for collection mostly comes from our father. My father leads a thrifty life. He does not have strong passion for food or fashion, but he has been very extravagant in building up his collection. He is very fond of huanghuali. He started his investment in little pieces such as pen case, mirror box, locket as his little treasure. With delightfulness, he likes to display his collection at home, and observe the curves, the touch, the texture, and understand the stories behind each piece. My father has eventually developed this hobby into a career – he devoted himself in the art field, and opened his own gallery. Now, it has been almost 30 years. Master Wu Guanzhong is my mother’s godfather. Under her influence, my brother and I have started our own journey of art collection for more than 10 years. My knowledge in art and my taste in it has been enhanced and refined; it changed my disposition, and honed my artistic judgment. Sometimes, with good luck and vision, you can also have the chance to enjoy the extra happiness in the value increment of certain pieces. The last thing I want to share is: do follow our hearts and instincts – work on what we like, collect what we can, and start right now! Enjoy collecting, keep learning, and go sharing every single joy that lifts us up.

S U N I N T E R N AT I O N A L M A C AU A U C T I O N D AY S A L E Wednesday - Friday

02-04 Dec 2015

AUCTION Friday 4 Dec 2015 3:00pm – 6:30pm Jewellery Watches Chinese Painting

(Lot no. 2001 – 2043) (Lot no. 1001 – 1040) (Lot no. 3001 – 3030)

7:00pm – 9:00pm Contemporary Arts Whisky

(Lot no. 8001 – 8020) (Lot no. 6001 – 6068)

To be held at: Salao Do Teatho , 2/F Grand Hyatt Macau City of Dreams, Estrada do Istmo, Cotai Macau, China Tel:+852 2251 3300 Fax:+852 2251 3310 VIEWING Salao Do Teatho , 2/F Grand Hyatt Macau Wednesday, 2 Dec 12:30pm – 7:30pm Thursday, 3 Dec 12:30pm – 7:30pm

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ENQUIRIES Please contact our CS Department Tel:+852 2251 3300 Fax:+852 2251 3310 Email: cs@sunauction.com Address: 34/F, China Merchants Tower, Shun Tak Centre, 168-200 Connaught Road Central, Hong Kong

IMPORTANT NOTICE TO BUYERS PRE-REGISTRATION Clients who wish to bid with Sun International Auction Limited, the Maximum amount of deposit will be HK$ 50,000 (Whisky Maximum HK$10,000). (Deposit will be adjust upon the total amount of low estimate of all lots) If you intend to bid on a “Premium Lot” (i.e. a lot marked ○ in the printed catalogue or the digital catalogue), the deposit will be equivalent to the higher of HK$ 200,000 and 20 % of the aggregate of the low estimate of all lots you intend to bid for, and in either case, you must deliver to Sun International Auction Limited such necessary financial references, guarantees, deposit and/or such other security as Sun International Auction Limited may in its absolute discretion require for yourbid. We suggest clients are requested to contact Sun International Auction Limited at least 2 working days prior to the relevant sale in order to allow Sun International Auction Limited to process the pre-registration, and to bear in mind that Sun International Auction Limited is unable to obtain financial references over weekends or public holidays. Any required deposits shall be paid in Hong Kong dollars by the way of wire transfer or debit/credit card (client must present their cards in person to Sun International Auction Limited) If a client is not successfully bid on any lot, Sun International Auction Limited will arrange for a refund (subject to any right of set off) of the deposit amount paid by such client without interest within 14 working days of the date of the sale. Any exchange losses or fees associated with the refund shall be borne by the client. Storage charge will be incurred for uncollected items from this sale fifteen days after the date of the auction HK$100 per lot per month. Please refer to Guide for Prospective Buyers for details. AUCTION DATE Friday, 04 December 2015

太陽國際行澳門首拍日間拍賣給予買家的重要告示

日間拍賣星期三至星期五

2015年12月2 至12月4日

拍賣星期五 2015年12月4日下午3:00 – 下午6:30 珠寶鐘錶中國書畫

(圖錄號. 2001 – 2043) (圖錄號. 1001 – 1040) (圖錄號. 3001 – 3030)

下午7:00 – 下午9:00 當代藝術威士忌

(圖錄號. 8001 – 8020) (圖錄號. 6001 – 6068)

建議客人須於有關的拍賣日前不少於2個工作天聯絡太陽國際拍賣行進行預先登記。顧客必須緊記太陽國際拍賣行無法於假日或週末取得財務狀況証明。任何所需訂金必須以電匯或借記卡/信用卡以港幣付款(顧客必須親身交付太陽國際拍賣行其借記卡/信用卡)

地點澳門君悅酒店二樓盛會廳路氹連貫公路新濠天地, 澳門,中國電話：+852 2251 3300 傳真：+852 2251 3310 預展澳門君悅酒店二樓樓盛會廳

預先登記閣下參與競投，保證金最高為港幣50,000元(威士忌最高為港幣10,000元)(根據最底估價的總數而調整)。如閣下打算競投高估價拍賣品 (在圖錄內或電子圖內標有符號之拍賣品)，保證金為港幣200,000元或閣下擬競投全部拍賣品底估價總額之20%（以較高者為準）作為保證金。太陽國際拍賣行可要求競投高估價拍賣品的準競投人完成預先登記程序及交付保證金或其他由太陽國際拍賣行決定之更大金額的保證金及任何財務狀況證明，擔保或其他由太陽國際拍賣行可全權或酌情決定要求的抵押作為參加太陽國際拍賣行競投的保障。

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星期三, 12月3日下午12:30 12月2日下午12:30 –下午7:30 星期四, 12月3日下午12:30 –下午7:30 查詢請聯繫我們的客戶服務部電話：+852 2251 3300 傳真：+852 2251 3310 電子郵件：cs@sunauction.com 公司地址：香港干諾道中168-200號信德中心招商大廈 34樓

如顧客未能投得任何拍賣品，太陽國際拍賣行將安排於有關出售日後十四個工作天內安排退回該顧客已付的訂金(不包含利息)。太陽國際拍賣行可用訂金抵銷該顧客的任何欠款。任何涉及退款的兌換交易損失或費用，將由顧客承擔。由拍賣後十五天起，閣下須為是次未獲領取的拍賣品支付儲存費，每件每月港幣100元。詳情請參考‘給準買家之指引’。拍賣日期 2015年 12月04日星期五

Lot no.8001

Francesco Lietti

Stop and Think 2015 Acrylic on canvas 120 x 100 cm x 2 pcs Est. HKD50,000-80,000 S i g n e d l o w e r l e f t F. L I E T T I Marked on the reverse Hong Kong 2015 “ S T O P A N D T H I N K ” , S i g n e d F. L I E T T I i n E n g l i s h

Lot no.8002

吳冠中 Wu Guanzhong

老虎／Ti g e r 1994 Limited Edition Print No.57/60 70 x 140 cm Est. HKD60,000-90,000 Signed lower left Wu Guanzhong in Chinese, dated 1994

Lot no.8003

劉

錕

Liu Kun

雙人舞 V ／

I Want to Dance V 2009 Acrylic on canvas 140 x 120 cm Est. HKD50,000-80,000 Signed on the reverse left Liu Kun, dated 2010.1

劉錕 1968年生於北京，1992年畢業於中央工藝美術學院。其作品中多以暗示手法呈現東方式的調侃，對於內心深處錯綜複雜的心情勾勒，巧妙的投射於作品人物的表情中。當專注在舞蹈本身的時候，人性化的情緒與超現實的跳躍中得以宣洩與抒發，舞蹈反而成為了彼岸與幻象。 1996年於北京舉行首個個人展覽，2003年踏上國際舞台，參加於紐約舉辦的亞太藝術博覽會；2004年與香港一畫廊舉辦名為「隱秘的力量」之個展，並於2005年舉辦名為「雙人舞」之個展。劉錕的作品展示出一種對生命的詮繹，描繪出人與環境在空間與時間之間的關係。生命是以經歷組成的，時而充滿希望，時而感覺沮喪。扭動，跳躍，或甚佇立著思考著生命這個課題，劉錕畫筆下的人物的各種形態總能讓我們正視內心和反思生命。 Liu Kun Born in Beijing in 1968, Liu Kun graduated from the Central Academy of Art and Design in 1992. His images are often in an oriental satirical and humorous form, the outline of a complicated feeling is reflected on the character’s facial expression. He often uses viscid strokes and extravagant backgrounds to imply the sensation from the twists and jumps of a dance, and makes a playful re-construction of dance. Liu started his solo exhibition in 1996 in Beijing and stepped on his first international stage in Asia-Pacific Arts Fair in New York in 2003, and held solo exhibitions, including “The Power of Mystery” in 2004 and “Shall We Dance” in 2005 in Hong Kong. Liu Kun’s works are an interpretation of a way of life, a life depicting the relationship between man and his environment in space and time. Our lives are made up of many experiences, sometimes we are full of hope, and sometimes we feel disappointed. Twisting, jumping or just standing around contemplating life, Liu Kun’s figures are intriguing and make us look inside our own hearts and contemplate on our own lives.

Lot no.8004

閆

博

B o b Ya n

紅利／ R e d To n g u e s 2006 Oil on canvas 92 x 114 cm Est. HKD100,000-150,000 With artist signature on each panel

閆博 1970年生於北京。1996年於天津美術學院畢業。自 1991年起參加了國內外各種聯展共三十餘次。於 1996年進行首次個人展後，先後在北京、香港等地舉辦個人畫展。作品獲中國美術館、中國現代文學館等博物館收藏。閆博的作品雖主要以日常生活中的情境和肖像為題材，但閆博總能以不一樣的眼光看待事物，描繪出不一樣的角度。閆博散發出對生命的熱愛賦予了其作品生命力和獨特的色彩。 Bob Yan Bob Yan was born in Beijing in 1970 and studied at the Tianjin Fine Art Academy, graduating in 1996. He has participated in over 30 national and international exhibitions since 1990. Since then, his works have won many prizes and widespread acclaims in China, Hong Kong and Singapore. Yan’s works mainly focus on scenes and portraitures of routine life. However, Yan can always look things differently and depict in different angle. His inexhaustible passion towards life endows his artworks with liveliness, uniqueness and vitality.

Lot no.8005

沈敬東 Shen Jingdong

英雄／H e r o 2010 Bronze 166 x 50 x 26 cm Est. HKD180,000-250,000 Signed on the reverse middle 3/8 Shen Jingdong in English, Jingdong in Chinese

沈敬東 1965年生於中國江蘇省南京市。1991年畢業於南京藝術學院美術系版畫專業。個展：1999年起參與超過四十個聯展，2006年於北京舉行首個個人展「一張畫的展覽」，「英雄的造像」，於2008年首次於美國舉行個人展覽「英雄」。他創作的瓷雕及油畫“英雄系列”使人聯想到毛澤東及一心為人民的英雄雷鋒。實際上“英雄”是以畫家本人為模特兒創作出來的，他向人們傳達了：神，人，英雄在一體之內，人皆英雄。沈敬東的“ 英雄”形象卡通化，構圖飽滿有穿透力，在中國當代藝術潮流中顯是顆明亮的新星。 Shen Jingdong Born in Nanjing, Jiangsu Province, China in 1965. Graduated from the Department of Fine Arts, Nanjing Academy of Art in 1991. Shen has participated in over 40 joint-exhibitions since 1999, and he held his first solo exhibition in Beijing in 2006 "Exhibition of One Painting" and in 2007 "Images of Heroes". In 2008 he held his first solo exhibition “Hero” in USA. His creation of sculpture and painting series “Hero series” is reminiscent of Mao Zedong and one of the heroic figure Lei Feng. “Hero” is modeled after the artist himself. He conveyed the message of “God, Man and Hero as one. Everyone as Hero”. Shen’s “Hero” has a cartoonish image, the composition is filled with penetration and live as a shining star in the most trendy Chinese contemporary art trend.

Lot no.8006

閆

博

B o b Ya n

豬朋狗友／

Friends

2006 Oil on canvas 114 x 96 cm Est. HKD100,000-150,000 With artist signature on each panel

Lot no.8007

駱太生 L u o Ta i s h e n g

米老鼠 IV ／ Mickey Mouse IV 2010 Oil on canvas 150 x 150 cm Est. HKD40,000-70,000 S i g n e d l o w e r r i g h t L u o Ta i s h e n g in English, dated 2010.2

Lot no.8008

任

哲

Ren Zhe

疾風迅雷／ V i o l e n t S t o r m II 2008 Bronze 100 x 91 x 71 cm Est. HKD120,000-160,000 Engraved on the back Ren Zhe in English and Chinese with “AP” (Artist Proof) 11

任哲 1983年生於北京，2005畢業於清華大學美術學院雕塑系，獲學士學位。任哲的作品參加過多次國內外展覽，從2005年起北京的「首屆798雙年展」， 2007年「的香港國際藝術博覽會」及2007年紐約的「亞洲當代藝術博覽會」等。任哲以中國古代武士為題，雕塑並沒有著意刻畫人物的神情，而是突顯人物強烈動態和氛圍，他大膽地簡化了一般雕塑追尋的繁瑣細節，反而注重形態和體態的躍動詮釋。

Ren Zhe Born in Beijing in 1983, Ren Zhe graduated in 2005 from the Academy of Arts and Design of Tsinghua University, China, majoring in Sculpture. His works are found in many international exhibitions, from 2005 “First 798 Exhibition”, “International Contemporary Art Fair 2007” (Hong Kong), “Asian Contemporary Art Fair 2007” (New York), etc. Ancient Chinese warrior is one of Ren’s major characters. His sculptures do not deliberately focus on the facial expression but highlight the strong movements and atmosphere. He boldly simplifies the tedious details, which are pursued after by sculpture creation, but to concentrate on the morphology, the postures and the movements. 12

Lot no.8009

曾健勇 Zeng Jianyong

少年時代／

Growing No.8 2008 Ink and colour on rice paper 145 x 74 cm Est. HKD160,000-220,000 Signed lower right Jianyong in English

Lot no.8010

陳聯慶 Chen Lianqing

換柱／

Changing the Pillars

2012 Acrylic on canvas 120 x 180 cm Est. HKD120,000-160,000 Signed lower left Chen Lianqing in Chinese, Chen Lianqing in English, dated 2012

Lot no.8011

龎

均

Pang Jiun

常熟水鄉／Houses by the River 2013 Oil on canvas 60.6 x 72.7 cm Est. HKD170,000-230,000 Signed lower right Pang Jiun in English and dated 2013 with one painted seal of the artist

龎均

Pang Jiun

龎均生於上海的藝術世家，十一歲與姐姐舉辦首個聯展。兩年後，成功投考杭州美院，後來轉到中央美術學院繼續進修。龎均融匯中西方的藝術哲學，他的畫作既能表現西方印象派及野獸派的爆發力，亦蘊東方文人畫的詩情畫意，成功建立了東方油畫的表現主義。龎均於華人藝術界有著舉足輕重的地位，作品廣為海內外美術館及私人珍藏。1994年被納入《中國當代藝術界名人錄》，次年並列入《英國劍橋世界名人錄》。

Born in 1936 in Shanghai to an artistic family, Pang Jiun held his first exhibition with his sister at the age of 11, afterwards, he was admitted to the Hangzhou Academy of Fine Arts two year later, and transferred to the Central Academy of Fine Arts in Beijing. Pang Jiun’s works possess the verve of Western Impressionist and Fauvist art, as well as the poetic ambiance of Chinese literati paintings. Pang Jiun has a strong influence on the contemporary Chinese art scene. His artworks have been selected as public and private collections nationally and internationally. Pang Jiun was named one of the Who’s Who in the Chinese Contemporary Art World in 1994, and was listed in Cambridge Who’s Who in 1995.

Lot no.8012

祁志龍 Qi Zhilong

無題／

Untitled 2012 Oil on canvas 41 x 33 cm Est. HKD80,000-120,000 Signed on the reverse Qi Zhilong in Chinese, dated 2012

Lot no.8013 A set of 8 prints / 版畫合輯（八幅） Est. HKD150,000-220,000

陳世英

毛旭輝

Chen Shiying

Mao Xuhui

內觀系列－童觀／

倒立的剪刀／

2013 Lithograph 77 x 57 cm

S i g n e d l o w e r r i g h t Wa l l a c e C h a n in English, numbered 60/99

Signed lower right Mao Xuhui in Chinese, numbered lower left 60/99

Inside Series-Baby’s Perspective

Upside-Down Scissors

蘇新平

向京

Su Xinping

Xiang Jing

奔波人2號／

異境系列：彼處／

Busy People No.2 2013 Lithograph 77 x 57 cm

Otherworld SeriesOver Yonder 2013 Lithograph 77 x 57 cm

Signed lower right Su Xinping in Chinese,dated 2013. Numbered lower left 60/99, “Busy People No.2” in Chinese 19

徐

累

Xu Lei

自然觀／

View of Nature

2013 Lithograph 57 x 77 cm Signed Xu Lei in Chinese, dated 2013. Numbered in lower middle 60/99 Titled in lower left “View of Nature” in Chinese

尹朝陽 Yin Zhaoyang

青岩／

Qing Yan 2013 Lithograph 57 x 77 cm Signed lower right Yin Zhaoyang in Chinese, dated 2013. Numbered lower left 60/99

岳敏君

張恩利

Yu e M i n j u n

Zhang Enli

三美圖／

秋天的樹 IV ／

Three Beauties 2013 Lithograph 57 x 77 cm S i g n e d l o w e r r i g h t Yu e M i n j u n i n E n g l i s h , dated 2013. Numbered lower left 60/99

The Trees in Autumn IV

2013 Lithograph 77 x 57 cm Signed lower right Zhang Enli in Chinese. Numbered lower left 60/99

Lot no.8014

馬興文 Simon Ma

義大利（穆拉諾島）玻璃馬／

Italy (Murano) Glass Horse 2014 Glass (made in Murano) 35 x 45 x 20 cm Est. HKD100,000-140,000

馬興文馬興文兩度親赴義大利，來到傳承百年、具有世界頂級玻璃秘造技藝的“玻璃之城”穆拉諾島完成此系列。作品靈感來源於馬在大草原上馳騁飛躍時的瞬間狀態，表現了馬在奔騰時的無拘無束、自由、瀟灑和飄逸，透明澄淨的玻璃材質則更映襯出馬純潔、善良、赤誠的品質。此系列參與了『馬興文心•水•墨世界巡迴藝術展』從中國出發，途經美國，歐洲等地。本系列的作品也被浙江美術館、美國Frost Art Museum、羅馬Palazzo delle Esposizioni 等機構展出和收藏。 Simon Ma Murano, Italy is renowned as the “Capital of Glass” for producing the world's topmost glass art. He has visited Murano twice and, inspired by it, he has created this piece of glasswork. This work is inspired by the instant status of horse’s gallop leap on the prairie. It expresses the unrestrainedness, freedom and elegance of its leap. The transparency of glass represents the nature of horse as being pure, kind and loyal. The collection has been exhibited worldwide during the “Hear • Water • Ink World Tour Exhibition” from China to America and Europe. The collection has also been exhibited and collected by various museums such as Zhejiang Art Museum, Frost Art Museum in the United States, Rome Palazzo delle Esposizioni in Italy, etc.

Lot no.8015

駱太生 L u o Ta i s h e n g

辛普森／ Homer Simpson 2010 Oil on canvas 130 x 150 cm Est. HKD40,000-70,000 S i g n e d l o w e r l e f t L u o Ta i s h e n g in English, dated 2010.4

Lot no.8016

王興剛 Wa n g X i n g g a n g

哎！我的氣球／ O h M y B a l l o o n 2008 Coloured stainless steel 85 x 73 x 43 cm Est. HKD90,000-140,000 Engraved on the back Wong Xinggang in Chinese dated 2008, edition 1/8

Lot no.8017

楊明義 Ya n g M i n g y i

磊落／

Clear and Bright 2012 Ink on rice paper 90 x 48 cm Est. HKD11,000-16,000 D a t e d Ye a r o f “ R e n C h e n ” , A u t u m n in Chinese with two seals of the artist

Lot no.8018

劉

偉

L i u We i

卧虎藏龍／ Hidden Dragon 2007 Acrylic on canvas 200 x 40 cm Est. HKD60,000-90,000 Titled on the reverse “Hidden Dragon” i n C h i n e s e , s i g n e d L i u We i i n C h i n e s e a n d English, dated 2008

Lot no.8019

畢

衡

Bi Heng

機器人關公／

C h i n e s e Tr a n s f o r m e r 2012 Bronze 90 x 65 x 35 cm Est. HKD70,000-100,000 Engraved on the lower back Bi Heng in Chinese and English, edition 6/18

畢衡 1985年生於遼寧，2009畢業於中央美術學塑系獲學士學位。畢衡從2008年開始參與首次展覽後，便繼續在中國不同的主要城市展開展覽，包括北京，上海，三亞和香港。畢衡其中一件最為人熟悉的作品是『中國變形金剛』，此作品為他的畢業作，高9.7米，重約4噸。此雕塑是以中國式卡車和變形金剛兩者形象結合而成。雕塑的臉部是根據中國英雄——關雲長而造，雕塑手執關刀，其風姿充分展示出這位三國時代以義氣而聞名的英雄的風采。變形金剛是現代最受歡迎的漫畫人物之一，其英雄的形象也在他拯救人類免受外星人攻擊的劇情裡入木三分。畢衡成功地把這兩位劃時代的英雄人物重新詮釋、兩相融合，從而塑造成此作品。 Bi Heng Born in Liaoning Province in 1985, Bi Heng graduated in 2009 from the Central Academy of Fine Arts, majoring in Sculpture. He held his first exhibition in 2008 and continuously exhibited in major Chinese cities including Beijing, Shanghai, Sanya, and Hong Kong. "Chinese Transformer" is one of his most famous series of sculptures. A larger-sized "Chinese Transformer" has been crafted upon his graduation and afterwards exhibited in major Chinese cities. The height of that work is 9.7 metres and weight 4 tons. Like his graduation work, which features a mixed image of a Chinese-style truck and a transformer, the work in this lot further integrates another Chinese icon - the hero Guan Yunchang - into the formation. This Guan Yunchang is wielding a single-edged sword, his most beloved weapon. The work fully embodies the dominating air of courage, righteousness and sharpness of this hero living in the Three Kingdoms era. Meanwhile, the transformer is also among the most recognisable pop images in the modernity. It wins so many hearts through heroic deeds of saving human race from the alien attack. The artist has successfully merged the characteristic of the two images together in creating this harmonious work that transcends time and space.

Lot no.8020

鄒

衛

Z o u We i

爆竹（鳥人系列第10號）／

F i r e c r a c k e r s (Birdm an Series N o.1 0) 2008 Oil on Canvas 135 x 135 cm Est. HKD60,000-90,000 Signed in Chinese, dated 2008 and titled With monogram of the artist, dated 2008, marked No.10. 30

Buying Terms And Conditions

Buyers agree to be bound by the terms and conditions (including the following terms and conditions) and important notices (which are made orally or in writing prior to or during an auction) stipulated and/or issued by Sun International Auction Limited (the “Company”), found in the Company’s catalogue, auction halls (including announcements), the Company’s documents and website, as well as their subsequent amendments made by the Company from time to time (“Terms and Conditions”). A buyer (“Buyer”) includes, as mentioned in the Terms and Conditions and as the case may be, a prospective buyer (“Buyer” or “Client”), a bidder (“Bidder”) and a successful bidder (“Bidder”).

1. Bidding in personBefore entering the auction hall, the Bidder will have obtained a bidding paddle at the registrar. The Bidder may be an individual or a company (representing by its authorized officer (“Authorized Officer”) (e.g. its employees, directors)) and the Bidder may authorize a third party (“Authorized Third Party”) to bid on his/its behalf. The documents required to be provided to the Company are as follows:A) Bidder bidding by himself/itself A) Bidder bidding by himself/itself

Bidder identity

Document required

Individual

1. Valid government identiﬁcation documents (for mainland Chinese residents, valid and Exit-entry Permit are required) acceptable to the Company (“Identiﬁcation Documents”)

Company

1. Valid certiﬁcate of incorporation and business registration documents 2. A letter of authorization issued by the Bidder to the Authorized Ofﬁcer

B) Bidder bidding by his/its Authorized Third Party Bidder identity

Authorized

Document required

Individual

1. A letter of authorization issued by the Bidder to the Authorized Third Party 2. Authorized Third Party’s valid Identiﬁcation Documents 3. Bidder’s copy of valid Identiﬁcation Documents

Company

1. A letter of authorization issued by the Bidder to the Authorized Third Party 2. A letter of authorization issued by the Authorized Third Party to the Authorized Officer 3. Authorized Third Party’s valid certificate of incorporation and business registration documents 4. Bidder’s copy of valid Identification Documents

Company

Individual

1. A letter of authorization issued by the Bidder to the Authorized Third Party 2. Authorized Third Party’s valid Identiﬁcation Documents 3. Bidder’s copy of valid certiﬁcate of incorporation and business registration documents

Company

1. A letter of authorization issued by the Bidder to the Authorized Third Party 2. A letter of authorization issued by the Authorized Third Party to the Authorized Officer 3. Authorized Officer’s valid Identification Documents 4. Authorized Third Party’s valid certificate of incorporation and business regis tration documents 5. Bidder’s copy of valid certificate of incorporation and business registration documents

The Company has the absolute discretion to refuse to accept the authorization being valid with or without a reason. Generally, to place a bid, the Bidder simply raises his bidding paddle. The auctioneer will take incremental bids on each lot, until only one Bidder remains. The Bidder with the highest bid accepted by the auctioneer will purchase the lot. Each lot will normally have a reserve price, which is previously set and agreed. If the highest bid falls below the reserve price, the lot will remain unsold. 2. Absentee Bids If the Bidder is unable to attend the auction in person, the Company will be happy to execute written bids on the Bidder’s behalf. This service is free and the Bidder’s information will be kept confidential. The absentee bid form is attached on the back of each catalogue. The Bidder can also download it from the Company website. The Bidder should indicate the item upon which the Bidder wishes to bid and the maximum bid amount which the Bidder is willing to make to Seller with other requested information on the absentee bid form, and return the completed absentee bid form to the Company either by fax, by post, by email or in person to the Company’s responsible officer 24 hours before the auction. When the Company executes an absentee bid on the Bidder’s behalf according to the instructions given in the absentee bid form, the lot will be bought with reasonable endeavour for the lowest bid that exceeds all competing bids and which meets or exceeds the reserve price. When the bidding price of a lot after the next bid increment exceeds the Bidder’s maximum bidding price, the Bidder’s bid will be rounded down to the nearest amount consistent with the bidding increment set down by the auctioneer. In the event of identical maximum bidding price from more than one absentee Bidders being received, the earliest absentee bid form being received by the Company will take precedence. The Company shall not be held liable whatsoever for failing or omitting to place a bid for any absentee Bidder resulting in any unsuccessful bid. The Company has the absolute discretion to notify or not to notify any successful absentee Bidders after the conclusion of the auction. Nevertheless, the Company shall not be held liable for omitting to notify successful absentee Bidders or any errors contained in the invoice so mailed, should the Company elects to notify the successful absentee Bidders, whch notification will be made by sending an invoice by mail. It is the Bidder’s responsibility to check the auction results. 3. Telephone Bids If the Bidder is unable to attend the auction in person, the Bidder may register for telephone bidding. This service is complimentary and may not be available in relation to all lots. The Company’s responsible officer may, at his absolute discretion, contact the Bidder from the auction hall prior to the auction of the Bidder’s specified lot(s) and, if the telephone connection is successful and uninterrupted, will relay live auction to the Bidder and also may place bids for the telephone Bidder to the auctioneer. For details, please contact the Company’s responsible officer. As the number of telephone lines is limited, it is necessary to make arrangements for this service 24 hours before the auction. The Bidder shall provide his telephone number to the Company for the purpose of the telephone bidding; any bidding via such telephone number shall be deemed to be the Bidder’s bids and Bidder have to make sure the phone is available for ownself. The Company has the absolute discretion to place or not to place any bid for the telephone Bidders, and determine any dispute arising from telephone bidding. For the security reason, all telephone bidding conversation may be recorded. 4. Bidding Deposit Before bidding, each Buyer is required to produce an identification document, complete a registration form and pay a deposit; the deposit is to be determined by each auction hall and is generally levied at HK$500,000 or above. The Company reserves the right to ask the Buyer for the provision of documents such as any credit proof is sued by a bank or other proof so f assets. The said deposit will be arrange to refund to the Buyer where there is no successful bids or upon completion of the settlement of a successful bid within 14 days.

5. Buyer’s premium 5.1 The Buyer’s Premium of Each Lot Payable by the Buyer. The Buyer should pay the hammer price and in addition, the Buyer’s Premium to the company. a) For hammer price below HK$20,000,000(inclusive), the Buyer’s Premium should be calculated at 20% of the hammer price. b) For hammer price higher than HK$20,000,000, the total amount of the Buyer’s Premium should be that first HK$20,000,000 of the hammer price should be calculated at 20% and the rest amount of the hammer price should be calculated at 18% c) For hammer price higher than HK$50,000,000, the total amount of the Buyer’s Premium should be that first HK$20,000,000 of the hammer price should be calculated at 20% and the amount which exceed HK$20,000,000 but within HK$50,000,000 (inclusive) of the hammer price should be calculated at 18% and the rest of the hammer price should be calculated at 15% 5.2 The Buyer acknowledges and agrees that the Company may or will pay to an agent and/or any third party a commission or rebate for introducing the Buyer to the Company and/or providing services to the Buyer prior to, during and/or after the Buyer taking and/or having taken part in an auction. 6. Payment The Company accepts cash, cheque, bank draft, wire transfer or credit card for payment. If paid by cheque, the Buyer is only allowed to collect the lot after the clearance of the cheque by the bank. The Buyer may pay in full for a successful bid at the auction hall; otherwise, the Buyer is required to pay 30% of the hammer price of the lot as a deposit. After the conclusion of the auction, the Company may, at its absolute discretion, mail an invoice, payment guide and delivery information to a successful Buyer. The Buyer shall pay the hammer price, Buyer’s premium and any applicable tax. All payable amounts shall be settled within fifteen (15) days after the conclusion of the auction. The Company will only accept payment from the addressee on the Company’s invoice and has the absolute discretion to refuse any third-party payment. 7. Collection and Delivery After settlement of a successful bid, the Buyer may collect the lot at the auction hall or arrange self-delivery service. For any uncollected lot after fifteen (15) days of the conclusion of the auction, the Buyer shall be responsible for all storage fees, handling fees, taxes and insurance premium. 8. Taxation All payments payable by the Buyer to the Company are exclusive of any sales tax and value-added tax or otherwise (whether to be levied in Hong Kong or elsewhere). It is the Buyer’s responsibility to pay relevant taxes in accordance with the applicable laws in the relevant countries. 9. Presale Exhibition Exhibition of lots before the auction will be free and open to the public. 10. Auction Results All auction results will be uploaded to the Company website after the conclusion of the auction. If the Buyer has any enquiry relating to such results, please call Hong Kong (852) 2251 3300. It is the Bidder’s responsibility to check the auction results. The Company shall not be liable to the Bidder for failing to notify the Bidder for any successful bids, notwithstanding any provision to the contrary. 11. Storage Service The Company can arrange storage and delivery services of the lot at the Buyer’s request. At the conclusion of the auction, all lots will be available for collection in the auction hall. All uncollected lots will be stored in a warehouse with no charges for the first fifteen (15) days after the conclusion of the auction (“Free Storage Period”). Subsequent to this Free Storage Period, the Company will arrange the storage of the uncollected lot and the Buyer shall be generally charged a storage fee of HK$100(to be changed from time to time) per day for each uncollected lot. 12. Insurance All risks in the lot pass to the Buyer when it is knocked down to the Buyer on the fall of the auctioneer’s hammer in respect of the lot. The Buyer hereby irrevocably agrees to accept the risks and shall consider whether to buy insurance to cover such risks in the lot on the understanding that after the conclusion of the auction, the Company will provide an insurance coverage up to fifteen (15) days for each lot sold or upon the collection of the lot by the Buyer (“Insurance Coverage Period”), whichever occurs the earliest; such insurance may only cover the risks in the lot in part only, or not at all. 13. Sold Please note that the Company considers an item as “sold” if:1. The bidding price is higher than the reserve price; and2. Auctioneer announced the paddle number and knock with the hammer. 14. Bidding Guide All biddings will start from a reserve price with a bid increment and Bidders must notify the auctioneer with their number paddles. Upon acceptance of the highest bid by the auctioneer, the Buyer shall immediately sign a Confirmation of Sale (“Confirmation Document”) provided by the Company. The Buyer then pays and collects the successful lot with this Confirmation Document in accordance with the Terms and Conditions. All hammer prices are in Hong Kong Dollar or the equivalent foreign currencies converted into Hong Kong Dollar according to a bank exchange rate on that day. Any arrears for payment of a lot of the Buyer shall be deemed as a breach of contract and the lot shall also be deemed as unsold. All deposits of the lot shall be forfeited and the Company may take legal proceedings to recover any arrears. 15. The Company as an agent Unless otherwise stated in other provisions, the Company sells as an agent for the Seller. All completed sale of lots are contracts made between the Buyer and the Seller. 16. Before the auction 16.1Examination of lotsBuyers are strongly advised to examine personally any lot in which they are interested, before the auction takes place. Neither the Company nor the Seller provides any guarantee in relation to the nature of the lot. The lot is sold on an “as is” basis.

16.2 Catalogue and other descriptions All representations, condition reports and statements set out in the catalogue for the lot or at the back of the catalogue indexes, or which are made orally or in writing elsewhere, are opinions only and are not to be relied on as statements of fact. Such statements do not constitute a representation, warranty or undertaking made by the Company. References in the catalogue as to defects of the lot or their restorations (“Defects and Restorations”) are for guidance only and Defects and Restorations should be evaluated by personal inspection by the Bidder or his appointed expert. The absence of such a reference does not imply that an item is free from defects or restoration, nor does a reference to a particular defect implies the absence of any others. An estimate of the lot should not be relied on as a statement that this is the price at which the item will be sold or its value for any other purpose. Neither the Company nor the Seller is responsible in any way for errors and omissions in the catalogue, or any supplemental information. 16.3 Buyer’s Responsibility All lots are sold on an “as is” basis without any representation or warranty of any kind by the Company or the Seller. Buyers are responsible for ascertaining the actual condition of the lots and the information mentioned in the catalogue 17.At the auction 17.1 Refusal of admissionThe Company has the absolute discretion to refuse any person to enter the auction hall, to participate in any auction and to reject any bid. 17.2 Registration before bidding Each Buyer is required to produce Identification Documents belonging to him, complete a registration form and pay a deposit of HK$500,000. The Company may ask the Buyer for the provision of any credit proof issued by a bank or other proofs of financial situation. If the deposit is paid by cheque or wire transfer, the Buyer is only allowed to collect the bidding paddle after the clearance of the cheque or wire transfer by the bank. 17.3 Bidder as principal When making a bid, the Bidder is accepting personal liability to pay the hammer price, including the Buyer’s premium and all applicable taxes, plus all other applicable charges, unless it has been explicitly agreed in writing with the Company, before the commencement of the auction, that the Bidder is acting as agent on behalf of a third party (“Principal”) acceptable to the Company and that payment shall be made by the Principal; by such case, the Company will only look to the Principal for payment. 17.4 Currency converter At some auctions a currency converter may be operated. Error may occur in the operation of the currency converter and we do not accept liability to bidders who follow the currency converter rather than the actual bidding in the saleroom. 17.5 Video recording or digital images The Company may record the auction by means of video recording or digital images or otherwise for security reasons or to assist in solving any subsequent dispute which may arise in relation to bids made at the auction. At some auctions, there may be a video or digital projection of images of lots. In case there are errors occurred in its operation resulting in poor quality of the image, the Company shall not be held liable and/or responsible for such errors and shall not be held liable for all loss, damage howsoever caused. 17.6 Reserve Price Each lot will normally have a reserve price, which is previously set and agreed. If the highest bid falls below the reserve price, the lot will remain unsold. 17.7 Auctioneer’s discretion Notwithstanding any provision to the contrary, the auctioneer has the absolute discretion to refuse any bid, to advance the bidding in such a manner as he may decide, to withdraw or divide any lot, to combine any two or more lots. In the case of errors or disputes, whether during or after the conclusion of the auction, the auctioneer has the absolute discretion to determine the bid of the successful Bidder, to continue the bidding, to cancel the auction or to re-offer and re-sell the items in dispute. If any dispute arises after the conclusion of the auction, the Company’s auction record is conclusive. 17.8 Payment and collection a) Unless otherwise agreed, payment of the Purchase Price for a lot and any Buyer’s Expenses are due in Hong Kong dollars immediately on conclusion of the auction (the “Due Date”) notwithstanding any requirements for export, import or other permits for such lot. b) Title in a purchased lot will not pass until Sun International Auction Limited has received the Purchase Price and Buyer’s Expenses for that lot in cleared funds. Sun International Auction Limited is not obliged to release a lot to the Buyer until title in the lot has passed and appropriate identification has been provided, and any earlier release does not affect the passing of title or the Buyer’s unconditional obligation to pay the Purchase Price and Buyer’s Expenses. c) The Buyer is obliged to arrange collection of lots within 15 days of the auction. Purchased lots are at the Buyer’s risk (and therefore their sole responsibility for insurance) from the earliest of from the earliest of collection or 15 days after the auction. 17.9 Remedies for non-payment or failure to collect purchased lots If the Buyer fails to make payment in full in good cleared funds within the time specified by the Company, the Company shall be entitled in the Company’s absolute discretion to exercise one or more of the following rights or remedies (in addition to any other rights or remedies available to the Company by law): a) to charge an interest at a rate as the Company shall reasonably decide; b) to hold the defaulting Buyer liable for the total amount due and to commence legal proceedings for its recovery together with interest, legal fees and costs to the fullest extent permitted under applicable law; c) to cancel the transaction of the lot;

d) to re-sell the lot in an auction or a private sale on such terms as the Company shall think fit;e) to pay the Seller an amount of the net proceeds payable in respect of the hammer price by the defaulting Buyer,; f ) to set off any amounts, which the Company owes to the Buyer in any other transactions, against the outstanding amount remaining unpaid by the Buyer; g) where there are outstanding amounts payable to the Company by the Buyer, in respect of several transactions, the Company has the absolute discretion to apply any amount paid by the Buyer to discharge any outstanding sum (in whole or in part) owed by the Buyer in respect of any particular transaction, whether or not the Buyer has so directed; h) to reject at any future auction any bids made by the Buyer including his authorized officer or to demand an extra deposit from the Buyer before accepting bids as the Company thinks fit; i ) to exercise all the rights and remedies of a person holding security over any lot in the Company’s possession owned by the Buyer, whether by way of pledge, security interest or in any other way, to the fullest extent permitted by the law of the place where such lot is located. The Buyer shall be deemed to have granted such security to the Company and the Company may retain such lot as collateral security for such Buyer’s obligations to the Company; and j ) to take such other action as the Company may deem necessary or appropriate.If the Company re-sells the lot as set out above in sub-clause (d), the defaulting Buyer shall be liable for payment of any deficiency between the total amounts originally due to the Company and the money obtained upon re-sale as well as for all costs, expense, damages, legal fees and commissions and premiums of whatever kind associated with both auctions or otherwise arising from the default. If the Company pays any amount to the Seller as set out above in sub-clause (e), the Buyer acknowledges that the Company shall have all of the rights of the Seller, however arising, to claim the Buyer for such an amount. 17.10 Failure to collect purchased lots Where a purchased lot is not collected within fifteen (15) days from the date of the auction, whether or not full payment has been made, the Company shall be permitted to arrange storage at the Buyer’s expense at HKD$100 (to be changed from time to time) per lot per day and only release the item after payment in full has been made of removal, storage, handling, insurance and any other costs having been incurred, together with payment of all other amounts due to the Company. 18 Extent of the Company’s liability Neither the Seller nor the Company including the Company’s employees or intermediary (or referrers), is responsible for the correctness of any statement of whatever kind concerning any lot, whether written or oral, nor for any other errors or omissions in description for any faults or defects in any lot. Neither the Seller nor the Company including the Company’s employees or agents, give any representation, warranty or guarantee or assume any liability of any kind in respect of any lot with regard to commercial value, fitness for a particular purpose, description, size, quality, condition, originality, authenticity, rarity, importance, medium, provenance, exhibition history, literature, historical relevance or otherwise. Except as required by local law, any statement or opinion made by the Company (including those persons invited or requested by the Company) shall not be construed to be a warranty made by the Company for any lot or be relied upon by the Buyer. 19 Waiver and severability The Company’s failure to exercise or enforce any right or provision of this Buying Terms and Conditions shall not constitute a waiver of such right or provision unless acknowledged and agreed to by the Company in writing.If any provision of this Buying Terms and Conditions is found by a court of competent jurisdiction to be invalid, the other remaining provisions shall remain to have full force and effect. 20 Law and jurisdiction The rights and obligations of the Company and Buyers with respect to these terms and conditions, the conduct of the auction and any matters connected with any of the foregoing shall be governed and interpreted by the laws of Hong Kong SAR. The Buyer and the Company agree to submit to the non-exclusive jurisdiction of the Hong Kong SAR courts. 21 Arbitration Any dispute or claims including but not limited to any breach, validity and termination of this Buying Terms and Conditions shall be referred to and finally resolved by arbitration in Hong Kong in accordance with the Rules of the Hong Kong International Arbitration Centre (“HKIAC”). The language of the arbitration shall be Chinese. The number of arbitrator shall be one (1) or as stipulated by HKIAC to be the minimal number of arbitrator.

5.買家支付之佣金

買家同意受太陽國際拍賣行訂定的條款及細則（包括以下的條款及細則）、重要通告（於拍賣前或進行時以口頭或書面作出），及其後太陽國際拍賣行不時對其作出修正後的修訂版的約束（「條款及細則」）。條款及細則分別刊載、列出及 /或張貼於太陽國際拍賣行印製之圖錄內、拍賣廳（包括宣布）、太陽國際拍賣行之文件內及網頁內。在條款及細則因應情況下提及的買家是包括準買家、客戶、競投者及成功競投者。 1.親身競投進入拍賣廳前，競投者請於登記處索取競投號碼牌。競投者可以是個人或公司以其授權代表（“授權代表”如其員工、董事），競投者亦可授權第三方（“授權第三方”）代表競投者競投。太陽國際拍賣行所需文件表列如下： A）競投者親身競投： Bidder identity

Document required

Individual

1. Valid government identiﬁcation documents (for mainland Chinese residents, valid and Exit-entry Permit are required) acceptable to the Company (“Identiﬁcation Documents”)

Company

1. Valid certiﬁcate of incorporation and business registration documents 2. A letter of authorization issued by the Bidder to the Authorized Ofﬁcer

B) Bidder bidding by his/its Authorized Third Party Bidder identity

Authorized

Document required

Individual

1. A letter of authorization issued by the Bidder to the Authorized Third Party 2. Authorized Third Party’s valid Identiﬁcation Documents 3. Bidder’s copy of valid Identiﬁcation Documents

Company

5.1 競投者競投成功後，即成為該拍賣品的買家。 a)買家除支付落槌價外，另須支付買家佣金予本公司，落槌價於港幣貳仟萬元以下者（含港幣貳仟萬元），以20%計算。 b)落槌價於港幣貳仟萬元以上者，採取二級計價，其中港幣貳仟萬元以20%計算，超過港幣貳仟萬元但低於港幣伍仟萬元之部份（含港幣伍仟萬）再以18%計算，加總計算佣金金額。 c) 落槌價於港幣伍仟萬元以上者，採取三級計價，其中港幣貳仟萬元以20%計算，超過港幣貳仟萬元但低於港幣伍仟萬元之部份（含港幣伍仟萬）再以18%計算，超過港幣伍仟萬元之部份以 15%計算，加總計算佣金金額。 5.2 買家承認及同意接受太陽國際拍賣行可能或將會支付該中介人及 /或任何第三方佣金或回佣。該佣金或回佣是就中介人及 /或任何第三方介紹買家給太陽國際拍賣行及/或就買家參與拍賣之前、期間及/或之後向買家提供服務而支付的。

6.付款買家可用現金、支票、銀行本票電匯或信用卡付款。若買家使用支票付款，在支票成功過戶後，買家才可提取拍賣品。買家可在拍賣會現場繳交全數款項。在拍賣後，太陽國際拍賣行有絕對酌情權可能向成功競投者以郵寄方式寄出發票、付款須知及付運資料。買家應付的款項包括成交價和買家佣金，以及任何適用的銷售稅或使用稅。所有應付款額須在拍賣結束後的十五天內付訖。太陽國際拍賣行只接受發票上的繳費人之付款，太陽國際拍賣行及有絕對酌情權拒絕收取第三方之代付款項。

7.付運付款後，買家可在拍賣會場提取投得的拍賣品，或可自行聯絡運輸公司安排寄運事宜。對於拍賣後十五天內未提取的拍賣品，其貯存費、處理費、稅款及保險費概由買家承擔。

8.稅項買家應支付太陽國際拍賣行之所有款項均不包括任何銷售稅或其他增值稅（不論是由香港或其他地區所徵收）。如有任何此等稅項適用，買家須依有關國家適用的法律所規定繳交稅款。

9.拍賣前的預覽拍賣品在拍賣前將會免費公開展覽。

4. Bidder’s copy of valid Identiﬁcation Documents Company

Individual

Company

1. A letter of authorization issued by the Bidder to the Authorized Third Party 2. A letter of authorization issued by the Authorized Third Party to the Authorized Officer 3. Authorized Officer’s valid Identification Documents 4. Authorized Third Party’s valid certificate of incorporation and business regis tration documents 5. Bidder’s copy of valid certificate of incorporation and business registration documents

太陽國際拍賣行有絕對酌情權以任何理由或毋須理由拒絕承認任何授權書為有效。在一般情況下，當競投者屬意的拍賣品開始競投時，競投者可以舉起號碼牌，以示出價。拍賣官只接納遞增的喊價。最終，拍賣廳上被拍賣官接納的最高喊價競投者將成為成功競投者。每一件拍賣品將會有一個預先訂定的保留價，若最高喊價低於保留價，該件拍賣品將不會成交。

2.書面競投若未能親臨拍賣現場，太陽國際拍賣行非常歡迎競投者委託太陽國際拍賣行作出書面競投。這項服務是免費，而競投者有關資料將會保密。書面競投表格可於拍賣圖錄後找到，該表格亦可在太陽國際拍賣行的網站下載。競投者請在書面競投表格註明意圖競投的拍賣品和最高競投價及提供所需的資料，並在開拍的二十四小時前將已填妥的書面競投表格傳真、郵寄、電郵或親身交給太陽國際拍賣行的工作人員。太陽國際拍賣行將盡合理努力以最低價，並達到或超過底價為競投者投得指定的拍賣品。當拍賣品的競投價在下一次每口喊價後高於競投者註明的最高競投價，太陽國際拍賣行將會下調競投者的競投價至最接近拍賣官之每口喊價。若太陽國際拍賣行收到相同競價的書面委託，將會優先處理較早提交的書面委託，太陽國際拍賣行不會對不能或遺漏代競投者作出競投致令競投失敗負任何責任。太陽國際拍賣行有絕對酌情權是否通知成功的競投者，如太陽國際拍賣行選擇通知則會郵寄發票予成功的競投者，而太陽國際拍賣行亦不會對發票中出現之任何錯誤或錯漏負任何責任。競投者須自行查詢拍賣結果。太陽國際拍賣行保留絕對權利，拒絕任何書面競投。

3.電話競投若未能親臨拍賣現場，競投者亦可選擇參與電話競投，這項服務是免費，並不適用於所有拍賣品。太陽國際拍賣行的負責人員在有絕對酌情權的情況下可能在意圖競投的拍賣品拍賣前在拍賣廳致電競投者，及如在電話成功接通及通話不受干擾的情況下轉達競投實況及代為出價。欲知詳情，請聯絡太陽國際拍賣行的負責人員。由於電話線有限，請先在拍賣會前二十四小時預約此項服務，若競投電話線已滿，太陽國際拍賣行保留絕對權利，拒絕任何電話競投。競投者須提供其電話號碼給太陽國際拍賣行作電話競投之用; 任何透過該電話號碼作出的競投會被視為由該競投者所作出; 競投者必須確保電話沒有給予第三者使用。太陽國際拍賣行有絕對酌情權代競投者出價並對電話競投的任何爭議有最終決定權。基於保安原因，電話競投過程可能會被錄音。

4.保證金安排準買家在競投之前，必須填妥及簽署登記表格，並提供具照片有效的身份證或非香港居民提供具照片有效的護照/通行證。保證金按個別專場拍賣來定，一般最高是港幣五萬圓正。本公司有權要求準買家出示銀行信用証明或其他財產証明文件。若準買家沒有成功競投任何拍品或對競投勝出的所有拍品完成交收後，保證金將會在拍賣完結後十四天內，以太陽國際拍賣行決定的方式按排退回給準買家。請確保閣下提供有關之銀行資料詳情。

10.競投結果所有競投結果均會於拍賣會後上載於太陽國際拍賣行之網頁以供查閱，如對拍賣結果有任何問題，請致電香港（852）2251 3300。競投者須自行查詢拍賣結果。太陽國際拍賣行毋須為沒有通知成功競投者付上任何責任。

11.貯存太陽國際拍賣行可協助買家安排拍賣品之貯存及寄運事宜。拍賣完畢後，所有拍賣品將首先貯於拍賣場內供買家提取，其後則會存於倉庫，太陽國際拍賣行將不另收取貯存費用，惟買家如拍賣後十五天內仍未提取拍賣品，太陽國際拍賣行將安排貯存該等拍賣品，費用由買家負責。費用為每件拍賣品每天港幣一百元（此費用隨時更改）。

12.保險當拍賣官敲槌並確認接受買家之最高競投價時，有關拍賣品之所有風險均會由買家承擔。買家不可撤回地同意接受有關風險及自行考慮是否對有關拍賣品投保以涵蓋該風險；買家亦明白太陽國際拍賣行會為售出的拍賣品投保，但此投保可能不涵蓋任何風險或只涵蓋部份風險，而保障期最長為拍賣會後十五天或自買家提取該拍賣品為止（“投保期”），以較早者為準。

13.成交正式成交須符合以下條件： 13.1. 競投價高於保留價；及 13.2 拍賣官敲槌並宣讀競投牌號。

14.競投須知競投由底價開始，以遞增的喊價進行拍賣。競投者應價須以號碼牌顯示，成功競投後須隨即簽署太陽國際拍賣行提供的“成交確認書”，並憑此書依拍賣條款及細則付清款項及提走拍賣品。拍賣成交價是按照港幣計算，如以外幣結算則按當日銀行外匯兌換價折算成港幣。如買家逾期未付清款項，買家會被視為毀約，該拍賣品會被視為尚未出售，其已付之保證金不作退還，太陽國際拍賣行有權從法律途徑追討欠款。

15.太陽國際拍賣行作為代理人除另有條文訂明外，太陽國際拍賣行為賣家的代理人。拍賣品的成交合約，則為買家與賣家之間的合約。

16. 拍賣之前 16.1鑒定拍賣品太陽國際拍賣行鄭重建議準買家於拍賣進行之前親自檢查及鑒定其有興趣競投之物品。太陽國際拍賣行或賣家不會對買家就拍賣品的性質作出任何保證，而拍賣品亦是以其在拍賣時的現狀出售。

16.2 圖錄及其他說明所有在該拍賣品所載之圖錄中、在圖錄索引背後或在其他地方以口頭或書面方式作出之陳述、拍賣品狀況報告及聲明（“聲明”）均只屬意見之表述，而不應依據為事實之陳述。此聲明並不構成太陽國際拍賣行任何形式之任何陳述、保證或承諾。圖錄所提及之有關瑕疵或修復，只作為指引，而該等瑕疵或修復應由競投者或由競投者指定的專家親自檢查。未有提述此等資料，亦不表示拍賣品全無瑕疵或未經修復; 而如已提述特定瑕疵，亦不表示並無其他瑕疵。拍賣品之估價，不應被依據為拍賣品會成功拍賣之價格，或用作其他用途的價值。太陽國際拍賣行或賣家不會對圖錄或任何補充資料中的任何錯誤或遺漏負責。 16.3 買家之責任所有財產均以其“現狀”拍賣，太陽國際拍賣行或賣家均並不就此作出任何陳述或保證。買家有責任查明並了解有關拍賣品之狀況及圖錄所提及之事項。

17.拍賣之時 17.1 拒絕入場太陽國際拍賣行有絕對酌情權拒絕任何人士進入拍賣場地、參與拍賣，亦可拒絕接受任何競投。 17.2 競投之前作出登記準買家在競投之前，必須提供身份証明文件，填妥及簽署登記表格並支付保證金港幣五十萬元正。太陽國際拍賣行可能要求準買家出示銀行信用証明或其他財務狀況證明。若買家使用支票或電匯付保證金，在支票或電匯成功過戶後，買家才可獲得拍賣牌。

如太陽國際拍賣行因上述第(d)段重新售賣拍賣品，不履行責任的買家將支付太陽國際拍賣行原來該買家尚欠太陽國際拍賣行的全數款項與拍賣品再重售時所得款項的差額，及負責任何有關原來之拍賣及重售拍賣或因不履行責任時產生的所有費用、支出、賠償、律師費、佣金，及酬金。如太陽國際拍賣行因上述(e)段支付賣家任何金額，買家則承認太陽國際拍賣行有賣家之所有權利可就此金額向買家追討，不管該等權利如何產生。 17.10 未有領取已購拍賣品如已購得之拍賣品未有在成功拍賣後15天內領取，則不論該拍賣品是已全數付款與否，太陽國際拍賣行將替該拍賣品安排倉儲，買家須為此支付每件拍賣品每天港幣一百元正(金額將會不時更改)。太陽國際拍賣行只會在因該等倉儲所引致的搬移、處理、貯存、保險及任何其他費用，連同結欠太陽國際拍賣行之所有其他款項全數付清後，方會讓買家領取已購拍賣項目。

18. 太陽國際拍賣行之法律責任不論賣家或太陽國際拍賣行，或太陽國際拍賣行任何僱員或代理人，無論是以書面或口頭形式對任何拍賣品作任何種類的陳述、任何其他說明之誤差或任何拍賣品之任何缺陷的描述有任何錯誤或遺漏，均不負有任何責任。賣家、太陽國際拍賣行、太陽國際拍賣行之僱員或代理人均無就任何拍賣有關其商業價值、是否適合作某特定用途、或其他描述、大小、質量、狀況、原創性、真實性、罕有程度、重要性、媒介、出處、展覽歷史、刊物或歷史的關聯等作出任何陳述、保證、擔保或承擔任何責任。除非當地的法律要求，否則太陽國際拍賣行之任何陳述或意見(包括太陽國際拍賣行邀請或要求之人士所作出的) 均不應被解釋為太陽國際拍賣行對任何拍賣品所作出的保證或被買家所依賴。

19. 條款之放棄及分割性 17.3 競投者為主理人除非競投者在拍賣開始前與太陽國際拍賣行明確地以書面協定其將為被確認第三者之代理人，並協定太陽國際拍賣行只會向主理人收取款項，否則在競投時，競投者是以個人承擔法律責任去繳付落槌價，包括買家所支付的佣金及所有適用的稅項，以及所有其他適用的費用。 17.4 貨幣兌換顯示板在某些拍賣會上，本公司會使用貨幣兌換顯示板，而該等顯示板在操作時難免有出現錯誤。買家可能因依賴貨幣兌換顯示板（而非拍賣場的實際競投）而蒙受之任何損失，本公司概不負責。� 17.5 錄影或電子影像為了保安理由或協助解決任何有關拍賣會事宜之爭議，太陽國際拍賣行或會拍攝拍賣過程。在某些拍賣會上，當中某些拍賣品或會以影片或影像投映放出，如有投映操作上之出錯致令影像質素不佳，太陽國際拍賣行不會對此承擔任何責任及不需作出任何賠償。

除非太陽國際拍賣行以書面作出同意，縱使太陽國際拍賣行未有行使或執行條款所受予之權利，仍未能視為放棄有關條款之行為。若法庭裁定條款中某條款無效，其他留下條款仍保持有效。

20. 法律及管轄權各方的權利及義務，就有關本業務規定，拍賣的行為及任何與上述條文的事項，均受香港法律管限及由香港法律解釋。太陽國際拍賣行及買家接受香港法院之非排他性管轄權。

21. 仲裁凡因本買家拍賣條款及細則所引起的或與之相關的任何爭議、糾紛或索賠，包括但不限於違約、協議的效力和終止，均應根據《香港國際仲裁中心機構仲裁規則》，在香港仲裁解決。仲裁員人數一(1)名或由香港國際仲裁中心指定之最低人數。仲裁語言為中文。

17.6 保留價每一件拍賣品將會有一個預先訂定的保留價，若最高喊價低於保留價，該件拍賣品將不會成交。 17.7 拍賣官之酌情權拍賣官有絕對酌情權去拒絕接受任何競投、以其決定之方式進行拍賣、將任何拍賣品撤回或分開拍賣或將任何兩件或多件拍賣品合併拍賣。如遇有出錯或爭議，不論在拍賣之時或之後，拍賣官有絕對酌情權終止成功競投者所作的競投、是否繼續拍賣、取消拍賣或將有爭議性的拍賣品重新拍賣。如在拍賣後有任何爭議，將會以太陽國際拍賣行的拍賣紀錄為依歸。 17.8 付款及領取 a) 除非另有協定，否則不論拍賣品之出口、進口或其他許可證之任何規定為何，均必須於拍賣會結束（「到期日」）後立即以港元支付拍賣品之買入價及任何買家之費用。 b) 所購拍賣品之擁有權將於太陽國際拍賣行悉數收取買入價及買家之費用後方可轉移。太陽國際拍賣行概無責任在拍賣品之擁有權經轉移及合適之證明經已提供前將拍賣品交給買家，而提早交付拍賣品不會影響擁有權之轉移或買家支付買入價及買家之費用之無條件責任。 c) 買家有責任安排在拍賣會後十五天內領取已購買之拍賣品。買家不可撤回地同意接受有關風險及自行考慮是否對有關拍賣品投保以涵蓋該風險；買家亦明白太陽國際拍賣行會為售出的拍賣品投保，但此投保可能不涵蓋任何風險或只涵蓋部份風險，而保障期最長為拍賣會後十五天或自買家提取該拍賣品為止（“投保期”），以較早者為準。 17.9 不付款或未有領取已購拍賣品之補救辦法如買家未有在太陽國際拍賣行規定的期限內繳付全數及有效清賬，太陽國際拍賣行有絕對的權力行使以下一項或多項權利或補救辦法(附加於在法律上可用於太陽國際拍賣行之其他權利或補救辦法): a) 根據太陽國際拍賣行合理決定之利率收取利息; b) 不履行全數及有效付清款項責任的買家須承擔尚欠之全部金額及在適用法律允許的範圍內最大程度地承擔因太陽國際拍賣行取回此金額而開始的法律訴訟程序相關的利息及訴訟費用; c) 取消該項拍賣品之交易; d) 根據太陽國際拍賣行認為適當的條款對公開重新拍賣或私下重新售賣拍賣品; e) 代不履行全數及有效付清款項責任的買家支付賣家應收的拍賣淨收益; f) 將太陽國際拍賣行在任何其他交易中欠下買家之款項用作抵銷買家未付之款項; g) 如買家因多項不同之交易而欠下太陽國際拍賣行數筆款項，太陽國際拍賣行有絕對酌情權將買家所付之任何款項用以償還買家就某一交易尚未清償之任何款項(部份或全部)，而不論買家是否作出該等指示; h) 在將來的任何拍賣中，拒絕買家或其授權代表作出競投，或在接受任何競投之前收取太陽國際拍賣行認為有需要的額外買家保證金; i) 在拍賣品所處地方之法律許可之下，就太陽國際拍賣行持有買家的拍賣品，太陽國際拍賣行可以抵押品持有人的身份行使最高程度之權利及補救方法，不論是以抵押方式、保證方式或任何其他形式。買家已被視為授予太陽國際拍賣行該抵押品及太陽國際拍賣行可保留此拍賣品作為買家對太陽國際拍賣行全數及有效付清款項責任之附屬抵押品; 及 j) 採取任何太陽國際拍賣行認為需要及適當之任何行動。

Personal Information Collection Statement This Statement is provided to the Client as an individual client (including prospective clients (including demo trading platform users) and data subjects) of the Sun International Auction Limited (the “Company”) in accordance with the requirements of the Hong Kong Personal Data (Privacy) Ordinance (the “Ordinance”).

(x) Marketing products, services and other subjects of the Company and the Group(please see paragraph 1.3 below) to the Client;

1. Use of Personal Data

(xii) Transfer of such data to any place within and outside Hong Kong for the above purposes and/or relating thereto.

1.1 Users All personal data concerning the Client (whether provided by the Client or any other person, and whether provided before or after the date the Company handles auction or related services and/or provides relevant consulting services to the Client) held by the Company will be kept confidential but the Company may provide such information to the following parties for the purposes set out in paragraph 1.2 (each, a “User”):

1.3 Use of Data in Direct Marketing The Company intends to use the Client’s data in direct marketing and the Company requires the Client’s consent (which includes an indication of no objection) for that purpose. In this connection, please note that:

(i)

Sun International Auction Limited and any of its Associates and Affiliates (the“Group”);

(ii)

Any local or foreign governmental, regulatory or other bodies or institutions, whether as required by law or regulations v applicable to any member of the Group;

(iii)

Any director, officer or employee or agent of the Group;

(iv)

Any local or foreign person (such as lawyers, advisers, nominee, accountants, custodian, third party service providers, insurance companies, logistics companies, transportation companies, warehouse companies and appraisers / valuers etc.) authorized by the Company and/or the Group when carrying out the Client’s Instructions ,daily operation and the business of the Company and/or the Group;

(v)

Debt collection agencies (in the event of default)

(vi)

Any actual or proposed assignee of any rights and obligations of the Group;

(xi) Maintaining credit history of the data subjects for present and future reference; and

(i)

The name, contact details, products and services portfolio information, transaction pattern and behaviour, financial background and demographic data of the Client held by the Company may be used from time to time by any member of the Group in direct marketing;

(ii)

The following classes of services, products and subjects may be marketed;

(a)

Financial, insurance, securities, fiduciary, investment services, immigrant investor programs, local or foreign study, auction and related services and products; Reward, loyalty or privileges programmes and related services and products;

(b) (c) (d) (iii)

Services and products offered by the Company and any member of the Group with the co-branding partners (the names of such co-branding partners can be found in the application forms for the relevant services and products, as the case may be); and Donations and contributions for charitable and/or non-profit making purposes; The above services, products and subjects may be provided or (in the case ofdonations and contributions) solicited by the Company and / or:-

(vii)

Third party financial institutions, insurers, credit card companies, securities and investment services providers;

(a) Any member of the Group;

(viii)

Third party reward, loyalty, co-branding and privileges programme providers;

(ix)

Co-branding partners of the Company and the Group (the names of such co-branding partners can be found in the application forms for the relevant services and products, as the case may be);

(b) Third party financial institutions, insurers, credit card companies, securities and investment services providers, third party local or foreign immigration consulting companies, education consulting companies, educational institutions, insurance companies and auction companies;

(x)

Charitable or non-profit making organisations; and

(xi)

External service providers (including but not limited to mailing houses, telecommunication companies, telemarketing and direct sales agents, call centres, data processing companies and information technology companies) that the Company engages for the purposes set out in paragraph 1.2 (x).

(c) Third party reward, loyalty, co-branding or privileges programme providers; (d) Co-branding partners of the Company and the Group (the names of such co-branding partners can be found in the application forms for the relevant services and products, as the case may be); and (e) Charitable or non-profit making organisations; (iv) In addition to marketing the above services, products and subjects itself, the Company also intends to provide the data described in paragraph 1.3(i) above and, when requesting the Client’s consent or no objection as described in paragraph 1.3(iii) above for use by them in marketing those services, products and subjects; and the Company requires the Client’s written consent (which includes an indication of no objection) for that purpose;

1.2 Purposes All personal data concerning the Client may be used by any User for the following purposes: (i)

Enabling the Company and/or the Group to provide daily operation of the services (including demo trading platform services),and facilitating the same relating to the Client, including handling auction and/or related services and/or providing relevant consulting services;

(ii)

Enabling an actual or proposed assignee of the Company and /or the Group, or participant or sub-participant of the Company’s(and/or the Group’s) rights in respect of the data subjects(persons who provide data and include the Client) to evaluate the transaction intended to be the subject of the assignment, participation or sub- participation;

(iii)

Creating and maintaining the Company’s and/or the Group’s scoring models;

(iv)

Any person to whom the Company and/or the Group is under an obligation or otherwise required to make disclosure under the requirements of any law binding on or applying to the Company or any law binding on or applying to the Company and/or the Group, or any disclosure under and for the purposes of any guidelines, rules or similar directives given or issued by any legal, regulatory, governmental, tax, law enforcement or other authorities, or self-regulatory or industry bodies or associations of financial services providers with which the Company and/or the Group are expected to comply, or any disclosure pursuant to any contractual or other commitment of the Company and/or the Group with local or foreign legal, regulatory, governmental, tax, law enforcement or other authorities, or self-regulatory or industry bodies or associations of financial services providers, all of which may be within or outside Hong Kong and may be existing currently and in the future.

(v)

Ongoing transaction administration, including without limitation the collection ofamounts outstanding from data subjects, enforcement of data subjects’ obligations in respect of security, charge or other rights and interests held by any member of the Group;

(vi)

Complying with any obligations, requirements, policies, procedures, measures or arrangements for sharing data and information within the Group and/or any other use of data and information in accordance with any group-wide programmes for compliance with sanctions or prevention or detection of money laundering, terrorist ﬁnancing or other unlawful activities;

(vii)

Any other purpose relating to the execution of the Client’s Instructions (including instructions given in the demo trading platform) or in connection with the business or dealings of the Group;

(viii)

Comparison with the Client’s personal data (irrespective of the purposes and sources for which such data were collected, and whether collected by a User or any other person) for the purpose of: (a) data veriﬁcation;

(v) The Company may receive money or other property in return for providing the data to the other persons in paragraph 1.3(iv) above and, when requesting the Client’s consent or no objection as described in paragraph 1.3(iv) above, the Company will inform the Client if it will receive any money or other property in return for providing the data to the other persons. If the Client does not wish the Company to use or provide to other persons his data for use in direct marketing as described above, the Client may exercise his opt-out right by notifying the Company.

2. Rights of Access and Correction The Client has the right to have access to and correction of the Client’s personal data as set out in the Ordinance. In general, and subject to certain exemptions, the Client is entitled to: (i) (ii) (iii) (iv) (v)

Request access to the Client’s personal data within a reasonable time, at a fee which is not excessive, in a reasonable manner and in a form that is intelligible; Request the correction of the Client’s personal data; Enquire whether the Company holds personal data in relation to the Client and ascertain the Company’s policy and practices in relation to data; Be informed on request which items of data are routinely disclosed to debt collection agencies, and be provided with further information to enable the making of an access and correction request to the relevant debt collection agency; and Be given reasons if a request for access or correction is refused, and object to any such refusal.

3. Disclosure Obligation Unless otherwise stated the Client must supply the personal data requested to the Company. If the Client does not supply this data, it will not be possible for the Client to have auction business with the Company as the Company will not have sufﬁcient information to provide auction and/or related services.

4. Contact Person If the Client wishes to request access to and/or correct personal data and/or opt out of receiving direct marketing material or his personal data being use in DIRECT MARKETING, the Client should contact the Data Protection Ofﬁcer on 2251 3300 email to cs@sunauction.com or write to:The Data Protection Ofﬁcer34/F China Merchants Tower, Shun Tak Centre,168-200 Connaught Road Central, Hong Kong

(b) credit checking; and/or (c) otherwise producing or verifying data which may be used for the purpose of taking such action that a User or any other person may consider appropriate (including action that may relate to the rights, obligations or interest of the Client or any other person); (ix)

Researching and designing further products, services and other subjects;

本聲明是根據香港《個人資料（私隱）條例》（「條例」）之要求而提供予太陽國際拍賣行（”太陽國際拍賣行”）的個人客戶（包括預期客戶（包括模擬交易平台使用者）及資料當事人）。

(i)

太陽國際拍賣行持有的客戶姓名、詳情聯絡方式、產品及服務組合資料、交易模式、行為、財務背景及人口統計數據可能給本集團中的任何成員用於直接促銷；

1 個人資料之使用

(ii)

可用作促銷的下列類別服務、產品及項目；

1.1 使用者有關客戶的所有個人資料（不論是由客戶所提供，還是由其他人士所提供；在處理拍賣或相關服務／或提供有關咨詢服務之前，還是之後）會被保密，但太陽國際拍賣行會就1.2段列出的用途把該資料給予任何下列之公司或人士使用（各為一「使用者」）：

(a) 金融、保險、證券、受信、投資服務、投資移民、本地或外地升學及與拍賣相關的服務及產品； (b) 獎賞、獎勵或優惠計劃及相關服務及產品；

(i)

太陽國際拍賣行及／或其他任何聯繫及／或附屬公司（”本集團”）;

(ii)

任何本地或外地政府機構、監管機構或其他團體或機構（不論是法例或是任何本集團成員適用的規例所要求）;

(iii) 本集團的任何董事、高級職員、僱員或代理人；

(d) 為慈善及／或非牟利用途的捐款及捐贈； (iii) 上述服務、產品及項目的可能由太陽國際拍賣行及／或下列各方提供或(就捐款及捐贈而言)徵求：

(iv) 由太陽國際拍賣行及／或本集團授權的包括本地或外地的任何人士（例如律師、顧問、代名人、會計師、託管人、第三方服務供應商、保險公司、物流公司、運輸公司、倉儲公司及鑑定/估價師等），以便執行客戶指示及涉及太陽國際拍賣行及/或本集團的日常運作及業務； (v)

(a) 本集團的任何成員； (b) 第三方金融機構、承保人、信用卡公司、證券及投資方服務供應商、本地或外地第三方移民顧問公司、升學顧問公司、教育機構、保險公司、拍賣行；

收數公司（如有違約事件）；

(vi) 本集團持有與客戶相關的任何權利和義務的任何實際或建議的承讓人； (vii) 第三方金融機構、保險公司、信用中卡公司、證劵及投資服務供應商； (viii) 第三方獎賞、獎勵計劃，以及合作品牌或優惠計劃供應商；

(d) 太陽國際拍賣行及本集團之聯名合作夥伴（該等品牌合作夥伴名稱會於有關服務及產品的申請表格上列明，視情況而定）；及

(ix) 太陽國際拍賣行及本集團之聯名合作夥伴（該等品牌合作夥伴名稱會於有關服務及產品的申請表格上列明，視情況而定）； (x)

慈善或非牟利機構；及

(xi) 就以下1.2(x)段列明的用途而被太陽國際拍賣行任用之外部的服務供應商（包括但不限於寄件中心、電訊中心、電話促銷及直銷代理人、電話中心、資料處理中心及資訊科技公司）。

(e) 慈善或非牟利機構； (iv) 除促銷以上述服務、產品及項目的以外，太陽國際拍賣行亦擬以上1.3(i)段所述的資料提供予以上1.3(iii)所述的全部或任何人士，以供該等人士在促銷該等服務產品及促銷標的中使用，而太陽國際拍賣行為此用途須獲得客戶書面同意（包括表示不反對）；

1.2 目的客戶的所有個人資料可被任何使用者用於下列目的：

(v)

(i)

使太陽國際拍賣行及／或本集團能確保日常運作，以及促進以上提及有關供予客戶的服務（包括模擬交易平台服務），包括但不限於處理拍賣及／或相關服務及／或提供有關咨詢服務；

如客戶不希望太陽國際拍賣行如上述使用其資料或提供予其他人士作直銷用途，客戶可通知太陽國際拍賣行行使其選擇權拒絕促銷。

(ii)

讓太陽國際拍賣行及／或本集團成員之實際或潛在承讓人，或太陽國際拍賣行及／或本集團成員對資料當事人(提供資料的人士，包括客戶)的權利、或附屬參與所涉交易人士的參與人，或附屬參與人可評估涉及有關轉讓、參與或附屬參與的交易；

2 查閱和修正的權利

(iii) 建立及維持太陽國際拍賣行及/或本集團的信貸模式； (iv) 太陽國際拍賣行及／或本集團根據對太陽國際拍賣行及／或本集團具法律約束力或適用的任何法律規定，或根據及為符合任何法律、監管、政府、稅務、執法或其他機構，或金融服務供應商的自律監管或行業組織或協會作出或發出的並期望太陽國際拍賣行及／或本集團遵守的任何指引或相關指令，或根據太陽國際拍賣行及／或本集團成員向本地或外地的法律、監管、政府、稅務、執法或其他機構，或金融服務供應商的自律監管或行業組織或協會的任何合約或其他承諾（以上不論於香港特別行政區境內或境外及不論目前或將來存在的），而有義務或以其他方式被要求披露該等資料的任何人士； (v)

持續的交易管理包括但不限於向資料當事人及執行資料當事人應負義務就本集團的任何成員作出的擔保，收費或其他權利和利益追討欠款；

(vi) 履行或遵守在本集團為符合制裁或預防或偵測黑錢，恐怖份子融資活動或其他非法活動的任何方案就於本集團內共用資料及資訊及／或資料及資訊的任何其他使用而指定的任何義務、要求、政策、程序、措施或安排； (vii) 任何有關於執行客戶指示（包括在模擬交易平台發出的指示）或與本集團業務或交易有關連的目的； (viii) 為了下列目的而進行客戶個人資料的比較（不論收集此等資料的目的及來源，及不論此等資料是向使用者或任何其他人士所收集的）： (a) 資料核實； (b) 信用調查；及／或 (c) 編製或核實資料，以便採取使用者或任何其他人士認為合適的行動（包括可能與客戶或任何其他人的權利、義務或權益有關的行動）；

太陽國際拍賣行可能就因如以上1.3段(iv)所述將資料提供予其他人士而獲得金錢或其他財務回報，太陽國際拍賣行會於以上1.3(iv) 段所述徵求客戶同意或不反對時如是通知客戶。

根據條例之規定，客戶有權查閱和修正客戶的個人資料。一般來說（除某些豁免外）客戶有以下的權利： (i)

在合理的時間內，客戶可查閱其個人資料；太陽國際拍賣行將以合理的方式及清楚易明的格式回覆客戶，但須收取合理費用；

(ii)

要求修正客戶的個人資料；

(iii) 詢問太陽國際拍賣行是否持有與客戶有關的個人資料；及確定太陽國際拍賣行有關資料的政策及慣例； (iv) 要求獲告知一般向收數公司披露那些資料，以及要求獲提供進一步資料，以便向有關收數公司提出查閱和改正資料的要求；及 (v)

如客戶要求查閱或修正個人資料被拒絕，客戶有權要求說明被拒絕的理由及反對任何該等拒絕。

3 披露義務

除特別聲明外，客戶必須按客戶資料聲明上的要求，將個人資料提供予太陽國際拍賣行。假如客戶不提供此等資料，太陽國際拍賣行將沒有足夠資料來為客戶提供拍賣及／或相關服務。

4 聯絡人

如客戶要求查閱及/或修正個人資料及/或不同意收取直接促銷的資料，或其個人資料用於直接促銷用途，客戶可致電 2251 3300、電郵至cs@sunauction.com或與太陽國際拍賣行的資料保障主任聯絡，或寫信郵寄至：資料保障主任香港干諾道中168-200號信德中心招商局大廈34樓

(ix) 研究及設計未來新產品，服務，以及其他題材； (x)

太陽國際拍賣行及本集團向客戶推廣／銷售產品，服務，以及其他題材（詳情請參閱1.3段）；

(xi) 保存資料當事人的信貸記錄，以供目前及今後參考；及 (xii) 將此等資料轉移到香港或以外的任何地方作以上或相關用途。 1.3 在直接促銷中使用資料太陽國際拍賣行擬把資料用於直接促銷，而太陽國際拍賣行為該用途須獲得客戶同意（包括表示不反對）。就此，請注意：

Bidding Increments Bidding generally opens below the low estimate and advances in increments of up to 10%, subject to the auctioneer discretion. Absentee bids that do not conform to the increments set below may be lowered to the next bidding interval. Bidding Price

Each Increase bidding price

HK$1,000 – 2,000

by HK$ 100

HK$50,000 – 100,000

by HK$5,000

HK$ 2,000 – 3,000

by HK$200

HK$100,000 – 200,000

by HK$10,000

HK$ 3,000 – 5,000

by HK$200, 500, 800 (ie: HK$4,200, 4,500, 4,800)

HK$200,000 – 300,000

by HK$20,000

HK$300,000 – 500,000

by HK$20,000, 50,000, 80,000 (ie: HK$ 320,000, 350,000, 380,000)

HK$5,000 – 10,000

by HK$500

HK$ 10,000 – 20,000 HK$20,000 – 30,000

by HK$1,000

HK$ 500,000 – 1,000,000

by HK$50,000s

by HK$2,000

Above HK$1,000,000

at auctioneer’s discretion

HK$30,000 – 50,000

by HK$2,000, 5,000, 8,000 (ie: HK$ 32,000, 35,000, 38,000)

The auctioneer may vary the increments during the course of the auction at his or her own discretion. Wish respect to lots that are offered without reserve, unless there are already competing bids, the auctioneer in his or her discretion, will generally open the bidding at 50% of the low pre-sale estimate for the lot. In the absence of a bid at that level, the auctioneer will proceed backwards in his or her discretion until a bid is recognized, and then continue up from that amount. Absentee bids will, in the absence of a higher bid, be executed at approximately 50% of the low pre-sale estimate or at the amount of the bid if it is less than 50% of the low pre-sale estimate. The auctioneer will usually only accept bids for High Value Lots if a deposit has been arranged prior to the day of sale and the High Value Lot pre-registration application has been completed. The High Value Lot Registration Form should be sent to the Bids Department at the address shown in this form or by fax at +852 2251 3310. I understand that if I have not completed the High Value Lot pre-registration before sale I will not be permitted to bid for High Value Lots. If you are not successful in any bid and do not own any Sun International Group any money, the deposit will be refunded to you by way of method as determined by Sun International Auction Limited. Please make sure that you provide your bank details in Bidding Buyer Information Sheet. Recent Changes To Imports Of Elephant Ivory And OtherWildlife Material Into The Usa The USA has recently changed its policy on the import of property made of or containing elephant ivory. Only Asian elephant ivory may be imported into the USA, and imports must be accompanied by DNA analysis confirming the item was from as Asian elephant and confirmation that the object is more than 100 years old. We have not obtained a DNA analysis on any lot prior to sale and cannot indicate

whether the elephant ivory in a particular lot is African or Asian elephant. Buyers purchase these lots at their own risk and will be responsible for the costs of obtaining any DNA analysis or other report required in connection with their proposed import of such property into the USA. The USA also requires all imports of property made of or containing any wildlife material to be accompanied by a scientific confirmation of species and in some cases an additional confirmation of age. We have not obtained such confirmations prior to sale (unless specifically indicated) and buyers will be responsible for arranging and paying for any such additional confirmations or opinions required for their proposed import into the USA. A buyer’s inability to export or import any lot containing elephant ivory or other wildlife material is not a basis for cancelling the purchase. Authenticity Certiﬁcates As certain manufacturers may not issue certificates of authenticity. Sun International Auction Limited has no obligation to furnish a buyer with a certificate of authenticity from the manufacturer, except where specifically noted in the catalogue. Unless Sun International Auction Limited is satisfied that it should cancel the sale in accordance with the Limited Warranty provided in the Conditions of Sale, the failure of a manufacturer to issue a certificate will not constitute grounds for cancellation of the sale. Removal Of Watch Batteries A watch with batteries which may be designated as “dangerous goods” under international laws and regulations governing thetransport of goods by air freight. If buyers request shipment of such lot to regions outside the region in which the saleroom is located, the batteries will be removed and retained prior to shipment. If such lots are collected from the saleroom, the batteries will be made available for collection free of charge. Regarding The Export Of Watch Straps Incorporating Endangered Species Many of the watches offered for sale in this catalogue are pictured with straps made of endangered or protected animal materials such as alligator or crocodile. These endangered species straps are shown for display purposes only and are not for sale. Sun International Auction Limited will remove and retain the strap prior to shipment from the sale site. Sun International Auction Limited may at its discretion make the displayed endangered species strap available to the buyer of that lot free of charge if collected in person from the sale site within 1 year of the date of the sale.Please check with the department for details on a particular lot. Notice Regarding Condition Of Watches Condition reports of watches may not specify all mechanical replacement or imperfections to the movement, case, dial, pendulum, separate base(s) or dome. The absence of a condition report or the absence of a reference to damage in the catalogue does not imply that the lot is in good condition, working order or free from restoration or repair. Watches in water-resistant cases have no warranties that are made that the watches are currently water-resistant. Please note that Sun International Auction do not guarantee the authenticity of any individual components parts, such as wheels, hands, crowns, crystal, screws, bracelets and leather bands, since subsequent repairs and restoration work may have resulted in the replacement of original parts. Notice Regarding Burmese Stones Items which contain rubies of jadeite originating in Burma (Myanmar) may not be imported into the USA. Please be advised that a purchaser’s inability to import any such items into the U.S. or any other country shall not constitute grounds for non-payment or cancellation of the sale. With respect to items that contain any other types of gemstones originating in Burma (e.g. sapphire ), such items may be imported into to the U.S., provided that the gemstones have been mounted or incorporated into jewellery outside of Burma and provided that the setting is not of a temporary nature (e.g. a string).

I/we, give instruction to the Company to bid on my/our behalf for the lot(s) indicated below. I/we understand that by submitting the bid, I/we have entered into a binding contract to purchase the individuals lot(s) if my/our bid is successful. I/we understand that if my/our bid is successful, I/we will be obligated to pay the purchase price, which will be the sum of my/our hammer price plus the Buyer’s premium and any other applicable tax and charges. 本人/吾等，指示太陽國際拍賣行代表本人/吾等競投下列之拍賣品。本人/吾等明白在提交此委託競投買家資料授權書即代表本人/吾等與太陽國際拍賣行之間已達成具約束力的合約，於本人/吾等之委託競投成功後必須購買個別拍賣品。本人/吾等明白當本人/吾等之委託競投成功後，本人/吾等須要繳付購買款項，即落槌價加上買家佣金及任何應付之稅項及費用。 I/we also understand that the Company executes the absentee bid as a convenience for me/us and is not responsible for inadvertently failing to execute, place the bid or for errors whether through negligence or otherwise. In the event of identical bids, the earliest bid received will take precedence. 本人/吾等亦明白太陽國際拍賣行所提供之委託競投服務只為便利本人/吾等競投，太陽國際拍賣行不會對未能執行、提交的委託競投或因疏忽及其他原因而引致的錯誤承擔責任。若太陽國際拍賣行收到相同競價的委託，將會優先處理較早提交的委託競投。

(Please indicate“telephone”in the bid amount column if using telephone bidding for individual lot(s)) (如個別拍賣品欲使用電話競投，請在價錢欄註明“電話”) I/We, as the Absentee Bidder (Buyer), hereby confirm that the information provided above is true and complete. I/We also confirm that I/We have fully read and agree to be bound by terms and conditions and important notices (which are made orally or in writing prior to or during the auction), found at the back of the Company catalogue, auction halls (including announcements), the Company’s Buying Terms and Conditions and the Company’s documents and website, as well as their subsequent amendments made by the Company from time to time. 本人/吾等，為委託競投者（買家），確認上述資料真實及完整。本人 /吾等亦確認已經閱讀及同意接受太陽國際拍賣行所有拍賣條款及細則、重要通告（於拍賣前或進行時以口頭或書面提出）的約束。上述條款及細則、重要通告可見於太陽國際拍賣行之圖錄後隨附之附頁、拍賣廳（包括宣佈）、太陽國際拍賣行買家條款及細則、太陽國際拍賣行之文件及網頁內，及其後太陽國際拍賣行不時所作之更改。

競投價遞增幅度競投一般由低於最低估價開始，通常每次喊價之遞增幅度最高為10%，拍賣官亦可於拍賣時自行決定更改每次增加之額度。書面競投價若與下列之遞增幅度不一致，將被調低至下一個喊價金額.

買家無法出口或進口包含象牙或其他野生動物物料的任何藏品不被視為取消購買藏品的依據。真品證書因有些製造商不會提供真品證書，所以﹙除非太陽國際拍賣行在圖錄內另有特別說明﹚，太陽國際拍賣行沒有義務向買家提供製造商的真品證書。除非太陽國際拍賣行同意其應該按業務規定內的有限保證條款取消交易，否則不能以製造商不能提供真品證書作為取消交易理由。折除手錶電池手錶類的拍賣品中可能含有電池，亦可能被管轄航空運輸的國際法律法規認定為「危險物品」。如果買家要求將此手錶運送至拍賣會場所在的以外地區，電池將在運送手錶之前被折除並予以保存。若該拍賣品由拍賣會場提取，其電池將供免費提取。有關含有瀕危動物物料的錶帶的出口本拍賣目錄內有些錶帶的照片顯示該手錶配有瀕危及受保護動物 ﹙如短吻鱷或鱷魚﹚的物料所製成的錶帶。這些錶帶只用來展示拍賣品並不作銷售用途。在運送手錶到拍賣地以外的地點之前，太陽國際拍賣行將會把上述錶帶折除並予以保存。若在拍賣後一年內親身�到拍賣場地所在的太陽國際拍賣行提取，太陽國際拍賣行可酌情免費提供該展示用但含有瀕危及受保護動物物料的錶帶給買家。有關任何一件拍賣品的詳情，請與我們的有關部門聯繫。

在拍賣時拍賣官可酌情更改每次增加之額度。就不設底價的拍賣品，除非已有競投，否則拍賣官有權自行斟酌決定起拍價，通常會以拍賣品的售前低估價50%開始拍賣。若在此價格下並無投標，拍賣官會自行斟酌將價格下降繼續拍賣，直至有客戶開始競投，然後再由該投標價向上繼續拍賣。在沒有更高叫價情況下，不在場投標會以售前低估價大約50%成交，但是若該投標價低於售前低估價的50%，則以該投標價交易。拍賣官一般僅接受已於拍賣日前繳付保證金並已完成高額拍賣品預先登記人士之高額拍賣品競投。請將已填妥之高額拍賣品之登記表格投遞或傳真至客户服務部 +852 2251 3310。本人知悉若本人未於拍賣前完成高額拍賣預先登記，本人將不獲准競投高額拍賣品。

有關緬甸寶石進口美國的重要通告及提要含有源於緬甸的紅寶石或翡翠的拍賣品，可能被禁止進口美國。請注意：買家若未能成功將有關物品進口美國或其他國家，不足以構成不付款或撤銷對該拍賣品競投的理由。若拍賣品含有源於緬甸的其他類型寶石﹙例如藍寶石等﹚，如是在緬甸以外地區已鑲嵌或組裝成的珠寶首飾，並能證實有關鑲嵌或組裝非暫時性的產品﹙暫時指例如是僅以繩子束縛等﹚，則有可能獲准進口美國。that the setting is not of a temporary nature (e.g. a string).

若閣下未能成功競投任何拍賣品，對太陽國際拍賣行或太陽國際集團亦無任何欠款，保險金額將以電匯方式或太陽國際拍賣行決定之其他方式退還閣下。請確保閣下已提供有關之銀行資料詳情。就有關象牙及其他野生動物物料進口美國的最新變化美國最近改變了其象牙製成品含有象牙的產品的進口政策。只有亞洲象的象牙可被進口到美國，而該進口必須附有脫氧核醣核酸 ﹙DNA﹚ 分析報告以證明有關物品的象牙是來自亞洲象及物品的年期已超過一百年的確認。我們在銷售任何藏品前，均無對藏品進行脫氧核醣核酸 ﹙DNA ﹚分析，所以無法確認相關藏品的象牙是來自亞洲或非洲。買家凡購買有關藏品並計劃將有關藏品進口美國，必須承擔風險並負責支付任何脫氧核醣核酸 ﹙DNA﹚ 分析報告或其他報告費用。同時，美國還要求所有以野生動物為材料或含有野生動物物料的產品在進口美國時均必須附有物種的科學證明，在個別情況下還必須出示年期證明。我們在銷售此類藏品前，並沒有取得以上各種證明 ﹙除非另有注明﹚ 。買家凡購買相關藏品並計劃將藏品進口美國，必須自行安排上述各種額外報告或意見並負責支付有關的費用。

(Please indicate“telephone”in the bid amount column if using telephone bidding for individual lot(s)) (如個別拍賣品欲使用電話競投，請在價錢欄註明“電話”) I/We, as the Absentee Bidder (Buyer), hereby confirm that the information provided above is true and complete. I/We also confirm that I/We have fully read and agree to be bound by terms and conditions and important notices (which are made orally or in writing prior to or during the auction), found at the back of the Company catalogue, auction halls (including announcements), the Company’s Buying Terms and Conditions and the Company’s documents and website, as well as their subsequent amendments made by the Company from time to time. 本人/吾等，為委託競投者（買家），確認上述資料真實及完整。本人/ 吾等亦確認已經閱讀及同意接受太陽國際拍賣行所有拍賣條款及細則、重要通告（於拍賣前或進行時以口頭或書面提出）的約束。上述條款及細則、重要通告可見於太陽國際拍賣行之圖錄後隨附之附頁、拍賣廳（包括宣佈）、太陽國際拍賣行買家條款及細則、太陽國際拍賣行之文件及網頁內，及其後太陽國際拍賣行不時所作之更改。

Bidding Buyer Information Sheet Bidding Paddle Number

Important Notice about Payment In addition to the Hammer Price, the Buyer agrees to pay the applicable commission in respect of such Hammer Price. Payment must be made within 15 calendar days (including the day of Sale) from the day of sale. We only accept payment from the principal. Other than accepting payment from the Buyer, our company reserves the right to reject payments from other sources. The Company can arrange storage services of the lot at the Buyer’s request. At the conclusion of the auction, all lots will be available for collection in the auction hall. All uncollected lots will be stored in a warehouse with no charges for the first fifteen (15) days after the conclusion of the auction (“Free Storage Period”). Subsequent to this Free Storage Period, the Buyer will be generally charged a storage fee of HK$100 (to be changed from time to time) per day for each uncollected lot. These methods of payment are subject to the below conditions. Telegraphic Transfer Please include your name and paddle number or invoice number with your instructions to the bank. Bank:

Hang Seng Bank Limited

The Hong Kong and Shanghai Banking Corporation Limited

Account Name: Account Number:

Bank of China Macau Branch

Sun International AuctionLimited 024-239-415623-883

004-652-331521-838

104-024-24-11-10-240597

SWIFT Code:

HASEHKHH

HSBCHKHHHKH

BKCHMOMX

Bank Code:

024

004

104

Cash If payment is made by cash or cashier order, the purchases will be released immediately. However, our company does not accept sums exceeding HK$80,000 (or its equivalent in other currencies) in cash in a single or multiple payments. If the payment made in a currency other than Hong Kong Dollars, we shall charge the Buyer for any currency costs incurred. This will include bank charges, commissions for converting the currency. Credit Card / Union Pay Card The Buyer need to bring credit card / union pay card to settle the payment in our company, and subject to terms and conditions of the bank. Cheque Our company accepts cashier cheques, personal and company cheques. Cheques should be made payable to “Sun International Auction Limited” but please be reminded that the purchases will not be released until such cheques have been cleared. Traveler’s cheques are not accepted.

付款須知 □ I/we object to Sun International Auction Limited (“the Company”)’s use or transfer, whether for profit or not, of all kinds of my/our personal data to all classes of data transferees, for direct marketing of all classes of marketing subject. 本人/吾等反對太陽國際拍賣行使用或轉移，不論是否為得益，本人/吾等所有個人資料的種類，給予所有資料承轉人的類別以用作所有促銷產品/服務/設施的類別的直接促銷用途。 I/We, as the Absentee Bidder (Buyer), hereby confirm that the information provided above is true and complete. I/We also confirm that I/We have fully read and agree to be bound by terms and conditions and important notices (which are made orally or in writing prior to or during the auction), found at the back of the Company catalogue, auction halls (including announcements), the Company’s Buying Terms and Conditions and the Company’s documents and website, as well as their subsequent amendments made by the Company from time to time. 本人/吾等，為委託競投者（買家），確認上述資料真實及完整。本人/吾等亦確認已經閱讀及同意接受太陽國際拍賣行所有拍賣條款及細則、重要通告（於拍賣前或進行時以口頭或書面提出）的約束。上述條款及細則、重要通告可見於太陽國際拍賣行之圖錄後隨附之附頁、拍賣廳（包括宣佈）、太陽國際拍賣行買家條款及細則、太陽國際拍賣行之文件及網頁內，及其後太陽國際拍賣行不時所作之更改。

拍賣成交後，買家應支付落槌價連相應於該落槌價之適用佣金。拍賣成交日（含成交日）起十五天內，買家應向本公司付清購買之款項並提取拍賣品。除接受買家付款外，本公司保留拒收其他來源付款的權利。太陽國際拍賣行可協助買家安排拍賣品之儲存事宜。拍賣完畢當天 , 所有拍賣品將首先儲存於拍賣場內供買家提取,其後則會存於倉庫。買家如拍賣後十五天內仍未提取拍賣品, 太陽國際拍賣行將安排儲存該等拍賣品, 費用由買家負責。費用為每件拍賣品每天港幣一百元 (此費用隨時更改)。本公司接受以下幾種付款方式：電匯請將匯款指示連同您的姓名及競投牌號或發票號碼一起交予銀行。但買家請留意電匯須於承兌後方可提取拍賣品。. 銀行名稱:

恆生銀行有限公司

香港上海匯豐銀行有限公司

戶口名稱: 戶口號碼:

中國銀行澳門分行

太陽國際拍賣有限公司 024-239-415623-883

004-652-331521-838

104-024-24-11-10-240597

收款銀行代碼:

HASEHKHH

HSBCHKHHHKH

BKCHMOMX

銀行代碼:

024

004

104

現金如以現金或銀行本票繳付款項，則可立即提取拍賣品。惟本公司恕不接受以一筆或多次付款形式用現金支付超過港幣八萬元或同等價值外幣之款項。所有價款應以港幣支付。如買家以港幣意外的其他貨幣支付，應按買家與本公司約定的匯價折算。本公司為將買家所支付之該種外幣兌換成港幣所引致之所有銀行手續費、佣金或其他費用，均由買家承擔。信用卡 / 銀聯卡買家如以信用卡、銀聯卡方式支付款，買家本人須持卡到本公司辦理，但須受有關條款和條件約束。支票本公司接受銀行本票，個人支票與公司支票，支票抬頭請註明「太陽國際拍賣有限公司」，但買家請留意支票須於承兌後方可提取拍賣品。本公司不接受旅行支票付款。

【凝聚冬日暖意發放太陽魅力】太陽國際拍賣行２０１５年１２月２－４日澳門首拍