·When the client commissions the company to auction his article, he must hold his ID card or passport and sign a contract of commission for auction.
·The client shall ensure that he owns the absolute ownership for the auction article to the company and there is not any creditor's rights and debt on the auction article.
·The reservation prices are set on all of auction articles, which are ascertained by the company and client via consultation of the written form and expressed with Renminbi.
·The company owns full deciding right for the following matters concerned:
(1) Whether the certain auction article is suitable for the auction of the company, as well as auction place, auction date, auction condition and auction mode;
(2)Performing the description and appraisement for any content of any auction target;
(3)Pictorial expense of the auction article in the drawing record to be paid by client.
·The company has a right to set the reference price and auction-starting price; to cancel or to partition the auction target, to merge auction targets of any two pieces or more than two pieces and to auction the target again when the dispute appears.
·Client can withdraw his auction target at any time before auction, but when withdrawing the auction article, client shall pay the fund equivalent to 20% of the reservation price of the auction article and other expenses if the auction article has already been listed into the drawing record or other publications has begun to print.
·If the drawing record or any other publications have not yet printed, client must also pay the fund equivalent to 10% of reservation price and other expenses.
·Except that there is an otherwise agreement between client and the company, client authorizes the company to deduct the commission according to 10% of hammer-dropping price and other various expenses simultaneously.
·If the certain auction article cannot be sold out because its competitive bid price is lower than reservation price, then client authorizes the company to draw the unsettled commission according to 3% of reservation price and other various expenses simultaneously.
·When the auction article is sold, client shall pay the insurance fee equivalent to 1% of maximum competitive bid price. If the auction article cannot conclude a transaction, client shall pay the insurance fee equivalent to 1% of reservation price.
If the competitive buyer has already paid total fund of purchase price to the company, the company will pay the selling income to the commission party after 35 workdays from the date of sale.
·If the auction article cannot be sold，client shall withdraw the auction article within two months after the auction date, with the expenses borne by himself.
(All of contents are subject to "Auction Rule" of the company) |
