Phila China

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CONDITIONS OF BUSINESS

Estimates have been given for all lots in this auction. They are meant to reflect our idea of the current market value of the item given its scarcity and condition. Lots may sell for
more or less than the estimates as the bidding dictates.

Postal Bid Forms should be sent or faxed to be received by our office before 6 PM prior to the day of the auction. For evening auctions no later than 12 noon on auction day.
Extension on lots should be noted on bid forms.
All lots will be sold to the highest bidder. A 20% buyer’s premium will be added to the hammer price on all lots. All invoices paid within 14 days of auction date will be entitled to 18% buyer’s premium. The buyer agrees to pay all shipping and handling costs. It is solely the buyer’s responsibility to notify Phila China Limited of any special shipping instructions.

In the case of tie bids or any other disputes arising, the auctioneer's decision will be final.
The auctioneer retains the right to act as seller's agent in placing a protective reserve on any lot.

All invoices are payable in Hong Kong dollars. Payment in any other currencies will not be accepted unless prior arrangements have been made, with such payment to include all additional bank charges. All foreign currency personal checks and Eurocheques will not be accepted. A standard HK$250 shipping/handling fee per shipment of purchase will be  charged, there will be additional charges for carton lot shipments. Overseas buyers must furnish their own insurance during shipment.

All invoices are due and payable upon presentation. Full payment for all purchases should be made at the time of collection of lots. Title shall not pass to the buyer until full payment of the invoice total has been received. For invoices that are more than 30 days overdue, a late fee of 5% and interest at the rate of 2% per month from the day of the auction will be added.

Floor bidders requesting extensions should do so at the time of bidding. All floor bidders will not be granted any return privileges. It is presumed that all floor bidders have inspected the lots prior to bidding. Therefore, lots purchased by floor bidders are sold "AS IS" and may not be returned. Floor bidders include those bidders acting as agents for others. Due to possible mishandling of items by subsequent owners, the Auctioneer reserves the right to describe items differently than shown on certificates from any certification service that accompany the items. Describing and grading are an art, not a science, and therefore the descriptions provided in this catalog may not agree with the opinion of others (including trained experts), and the same expert may not describe and grade the same stamp with the same description and grade at two different times. Description and grading standards have changed in the past, and as time passes and market conditions changed over the years, they may do so again in the future. If any dispute arises in this context, the Auctioneer retains the right to the final resolution of the matter. For lots that requested extension, Phila China will submit the item to a mutually-acceptable expertizer, providing that:
  1) The lot will be paid for in full plus all charges for expertizing, including postage, mail registration, insurance and handling at the time of purchase, and
  2) The expertizer can provide a written opinion within 30 days of the auction date. All costs and charges for expertization are the sole responsibility and liability of the buyers.

All lots containing more than two items may not be returned under any circumstances. Mail and telephone bidders are encouraged to have a local agent view these on their behalf.

Phila China Limited reserves the right to refuse admission to the viewing and auction venue to any person, at its discretion.

Placing of a bid constitutes acceptance of the above Conditions of Business.

BIDDING INCREMENTS (HK$)

100 - 1,000	50
1,000 - 5,000	200
5,000 - 10,000	500
10,000 - 20,000	1,000
20,000 - 50,000	2,000
50,000 - 100,000	5,000
100,000 - 200,000	10,000
200,000 - 500,000	20,000
500,000 - 1,000,000	50,000

Bids outside these increments will be reduced to the nearest increment.


ESTIMATES

Estimates have been given for all lots in this auction. They are meant to reflect our idea of the current market value of the item given its scarcity and condition.


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 Phila China Limited's 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. Phila China Limited  offers this value-added service as a convenience to our clients who are unable to attend the auction, however, Phila China Limited 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 catalog. 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 catalog.
Each absentee bid form should contain bids for one auction only; the auction code number should appear in the top left-hand corner of 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 Phila China Limited's discretion and are at caller's risk. At the sole discretion of Phila China Limited, 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 20% buyer's premium will be added to the successful bid price for each lot you buy and is payable by you.


SUCCESSFUL BIDS

Successful bidders will be notified and invoiced within a few days of the auction. All paid-subscribing bidders will receive a list of auction results.


FOR MORE INFORMATION

To place telephone bids, or for further information, please call our Head of Auctions Amy Yung at +852 25 300 100.

Phila China

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PHILA CHINA LIMITED “PC” is dedicated to protecting the confidentiality and privacy of
information entrusted to it. “PC” takes the privacy of your information seriously. We are
committed to ensuring that information relating to you, from which you can be identified is
protected in accordance with our legal obligations under the Hong Kong Personal Data
(Privacy) Ordinance (PDPO) and applicable data protection laws. As part of this fundamental
obligation, “PC” is committed to the appropriate protection and use of personal information
that has been collected online.
Generally, our intent is to collect only the personal information that is provided voluntarily by
online visitors so that we can offer information and/or services to those individuals. We obtain
personal information about you if you choose to provide it — for example, to contact
mailboxes or to register for certain services. In some cases, you will have previously provided
your personal information to “PC” (if, for example, you are a former customer or contractor). If
you choose to register or login to “PC” web site using a third party single sign-in service that
authenticates your identity and connects your social media login information with “PC”, we will
collect any information or content needed for the registration or log-in that you have permitted
the social media provider to share with us, such as your name and email address. Other
information we collect will depend on the privacy settings you have set with your social media
provider, so please review the privacy statement or policy of the applicable service.
When you register or submit personal information to “PC” we will use this information in the
manner outlined in this Privacy Policy. Your personal information is not used for other
purposes, unless we obtain your permission, or unless otherwise required or permitted by law
or professional standards. For example, if you register to “PC” web site and provide
information about your collecting preferences we will use this information to personalize your
user experience.
Where you register or login using a third party single user sign-in we may also recognize you
as the same user across any different devices you use and personalize your user experience
across “PC” sites you visit.
We may collect personal data directly from you (by email, telephone, face to face, in paper
form and via our website and digital applications), including when you express an interest in
our services or communicate with us as a client or prospective client; informing us of your
collecting interests by completing the forms at our premises or exhibition venues;
downloading and use “PC” digital applications; instruct us to provide services to you and sign
contractual documentation; register to bid in an auction (in person, internet, by telephone or
by postal bid); attend previews, auctions, events and exhibitions, etc.
In some cases where you have registered for certain services we will store your email
address temporarily until we receive confirmation of the information you provided via an email
(i.e. where we send an email to the email address provided as part of your registration to
confirm a subscription request).
We may collect personal data about you and the property you own or wish to collect from
sources outside the “PC”, when a due diligence checks on you and your property is required;
credit reference checks is conducted; someone refers you to “PC”.
When you visit our website www.philachina.com or download “PC’s” digital applications, we
collect data about you, your computer and devices (including your internet address and
browser type) to facilitate and personalize your experience, for security and analytical
purposes (including trend analysis) and system administration. In some instances, “PC” and
its service providers uses cookies, web beacons and other technologies to automatically
collect certain types of information when you visit us online, as well as through emails that we
may exchange. The collection of this information allows us to customize your online
experience, improve the performance, usability and effectiveness of “PC’s” online presence,
and to measure the effectiveness of our marketing activities.
We use cookies (small text files placed on your computer or device) and other automated
data collection technologies (such as pixels and gifs) to collect this information. Our Cookie
Policy explains what cookies are, the types of cookies we use and your choices in relation to
such cookies.
An IP address is a number assigned to your computer whenever you access the internet. It
allows computers and servers to recognize and communicate with one another. IP addresses
from which visitors appear to originate may be recorded for IT security and system diagnostic
purposes. This information may also be used in aggregate form to conduct web site trend and
performance analysis.
When you visit our premises and sale and exhibition venues, we may record your image
through our CCTV operations for security, client service and bid-monitoring purposes. Our
auctions are also filmed for simultaneous live broadcast on our and third party websites and
applications.
Your communications with “PC”, including by telephone and online (e.g. telephone and online
bidding) may also be recorded for security, client service and bid monitoring purposes.
We are committed to ensuring that any personal data we hold about you is properly
safeguarded. We seek to prevent unauthorized access or disclosure, we have put in place
appropriate physical, electronic and managerial procedures to protect your personal data
against unauthorized access or disclosure and any loss, destruction or damage.
We endeavour to take all reasonable steps to protect your personal data from external
threats, however, please be aware that there are inherent security risks of sending
information by public networks or on public computers and we cannot therefore guarantee the
security of any data disclosed or transmitted over the internet.
Please note that our Bids, Accounting and Shipping Departments may seek your credit card
details and/or bank account information by email in order to take payment for transactions or
guarantee payments. Please note that the security, confidentiality and reliability of email
cannot always be guaranteed.
If “PC” processes personal information about you, you have the following rights:
• you have the right to access to that data. Before providing personal information to you, we
may ask for proof of identity and sufficient information about your interactions with us that
we can locate your personal information. If the information we hold about you is incorrect,
you are entitled to ask us to correct any inaccuracies in the personal information.
• you have the right to object to us processing your personal information if we are not
entitled to use it any more.
You can make a request or exercise these rights by contacting Phila China Limited at
info@philachina.com and we will make all reasonable and practical efforts to comply with
your request, so long as it is consistent with applicable law and professional standards.
“PC” has reasonable security policies and procedures in place to protect personal information
from unauthorized loss, misuse, alteration, or destruction. Despite “PC’s” best efforts,
however, security cannot be absolutely guaranteed against all threats. To the best of our
ability, access to your personal information is limited to those who have a need to know.
Those individuals who have access to the data are required to maintain the confidentiality of
such information.
We also make reasonable efforts to retain personal information only for so long i) as the
information is necessary to comply with an individual's request, ii) as necessary to comply
with legal, regulatory, internal business or policy requirements, or iii) until that person asks
that the information be deleted.
Please be aware that “PC” web sites will typically contain links to other sites, including sites
maintained by third party firms that are not governed by this Privacy Policy, but by other
privacy statements that will often differ somewhat. We encourage users to review the privacy
policy of each web site visited before disclosing any personal information.
By registering on any “PC” web site and then navigating to another third party web site while
still logged in, you agree to the use of your personal information in accordance with the
privacy statement of the “PC” web site you are visiting.
“PC” may modify this Privacy Statement from time to time to reflect our current privacy
practices.
“PC” is committed to protecting the online privacy of your personal information. If you have
questions or comments about our administration of your personal information, please contact
us at info@philachina.com. You may also use this address to communicate any concerns you
may have regarding compliance with our Privacy Policy.
Last update: 21 September 2018