Lot 245: Chinese Watercolor on Silk

Altair Auctions: Terms & Conditions
All property offered and sold through Altair Auctions shall be offered and sold on the terms and conditions set forth below. By bidding at the auction, whether present in person or by agent, by absentee bid, telephone, internet or other means, the buyer agrees to be bound by these terms and conditions.
1. ALL SALES ARE FINAL. ALL PROPERTIES SOLD AS IS. NO RETURNS. NO EXCEPTIONS.
2. An 18% buyer's premium will be added to the hammer price of each lot for floor and phone bidders, a 21% buyer's premium for LiveAuctioneers.com and 24% buyer's premium for Invaluable, AuctionZip and EpaiLive.
3. All purchases (including buyer's premium) will be subject to a Massachusetts State Sales Tax of 6.25%, unless the buyer is an out-of-state resident and lots are being shipped out of Massachusetts, or if the purchaser has a valid Tax Exempt Certificate (an actual resale certificate must be presented and on file with Altair Auctions).
4. All properties are sold as is, and all sales are final. Though all description and commentary are believed to be correct, neither the auctioneer nor the consignor makes any warranties or representations of any kind with respect to merchandise. Buyer shall not rely on the auctioneer, employees, the catalog description, or advertisements in any part, and must rely only on his own inspection and opinions of all items: we offer a preview and high resolution photos for potential buyers to review and make their own conclusions about the piece. No employee is authorized to make any warranties, expressed or implied, on behalf of Altair Auctions. NO GUARANTEE OF PROVENANCE: Altair Auctions is not responsible for the research and provenance of each item. Altair Auction is not responsible for authenticity, genuineness of, estimated selling price of, or defect in any lot, and make no warranty in connection therewith. No allowance will be made or sale set aside on account of any incorrectness, error in cataloging or any imperfection not noted. No deduction will be allowed on damaged articles as all goods being exposed for public exhibition are sold "as is" and without recourse. NO GUARANTEE OF AUTHENTICITY FOR JADE: Altair Auctions does not guarantee the authenticity of the color or age of any jade. All jade will be sold as is, without any warranties. All sales are final in jade purchases, no returns will be accepted. Judgment of such qualities is at the sole discretion of the buyer. NO GUARANTEE OF AUTHENTICITY FOR CHINESE PAINTINGS: Altair Auctions does not guarantee any of the lot number descriptions concerning Chinese paintings including authentication, originator, and the date of execution. NO GUARANTEE OF AUTHENTICITY FOR CHINESE STAMPS, COIN, AND/OR PAPER CURRENCY: Altair Auctions cannot guarantee any of the lot number descriptions, illustrations, and conditions are provided as reference. All items sold as, no returns.
5. All bidders shall obtain a bidding number tag/pad at least 30 minutes before the start of the auction by presenting his/her ID or valid passport. All bidders shall keep the number tag/pad under his/her safe custody. The tag/pad shall not be lent to any other person(s). Otherwise, he/she shall bear all the responsibilities associated with the use of his/her number tag/pad for bidding or any other use.
6. All buyers must provide a credit card in order to approve requests in case of default by the buyer. If you are the high bidder on an item, you will receive an invoice by email within 24-48 hours with instructions regarding payment and shipment of your item. You will be given the opportunity at that time to contact us and let us know your preferred method of making payment (credit card, check, or wire transfer). By providing Altair Auctions with this information, you allow us to charge and immediately refund $100 USD to ensure validity of the credit card. Altair reserves the right to charge up to 30% deposit fee to customers who make purchases in excess of $10,000, or 10 lots.
7. We accept credit cards (Master Card, Visa, and Discover), checks, cash, and wire transfers. Payments over $3000.00 will be charged an additional 3%, if payment is made by credit card. If payment is made by cash, wire transfer or check there is no additional charge. All payments or settlements shall be made in US Dollars. Buyers can only collect the lots after full payments are made. Should payments be made by check or draft, lots will only be released after bank clearance. PAYMENT MUST BE RECEIVED WITHIN 20 DAYS OF THE AUCTION. If you fail to pay within 30 days, we will charge your credit card the total amount on your invoice. All property purchased from Altair Auctions must be removed within 60 days after the auction date. Altair Auctions is not responsible for paid items left for over 60 days after the auction date (unless a prior agreement has been made). Items left after 60 days will incur a $10/day storage fee per item. Once storage fees have exceeded the actual purchase price of the item(s) Altair Auctions can exercise the right to re-auction.
8. All items are sold to the highest bidder as acknowledged by the auctioneer. The auctioneer has the right to reject any bid! The auctioneer is the arbiter of any disputed bid. He may reopen bidding at his discretion and reject bids deemed inappropriate. The auctioneer reserves the right to withdraw any item and to reoffer the item at another time. Every effort is made by the auctioneer to execute all bids, including floor, absentee, telephone and internet bids. We are not responsible for any missed bids. Altair Auctions reserves the right to cancel any sale or bid before, during, and after the auction.
9. Some property that is sold at auction can be subject to laws governing export from the United States, such as items that include material from some endangered species. Import restrictions from foreign countries are subject to these same governing laws. Granting of licensing for import or export of goods from local authorities is the sole responsibility of the buyer. Denial or delay of licensing will not constitute cancellation or delay in payment for the total purchase price of these lots.

Shannon's LLC Fine Art Auctioneers acts solely as an agent for various
owners and consignors. It exercises care in describing all items listed
and uses judgment in attributing authorship, but offers no guarantee
regarding authenticity, condition, or description. The items described
in this catalog, which description may be amended by notice or
announcement at sale time, are offered for sale by Shannon's LLC as
agent for various owners or others authorized to sell the items.
Hereinafter, Shannon's LLC is referred to as the Sellers agent. The
owners or others authorized to sell the items are hereinafter referred
to as Sellers. The person or persons acknowledged by the auctioneer
to be the highest bidder on an item shall be hereinafter referred to as
the Buyer or Buyers.
Shannon's LLC reserves the right to change the terms of sale by oral
announcement. Any such change shall become part of the Conditions
of Sale. By placing of a bid, whether present at the sale in person or by
agent, by written or oral bid, by telephone or other means, the Buyer
agrees to be bound by these conditions of sale.
1. The highest bidder acknowledged by the auctioneer shall be the
Buyer. In the event of any dispute between bidders, the auctioneer
has the absolute discretion to determine which bidder is the
successful Buyer or to re offer the item in dispute and resell it.
2. In the event of any dispute after the sale, Shannon's LLC's record
of the final sale price and of the successful buyer shall be conclusive,
Shannon's LLC reserves the right to withdraw any item before
or during the sale.
3. Shannon's LLC reserves the right to sell items which are not listed
in the catalogue.
4. Items in the auction are sold subject to a reserve. Such reserve is
confidential, but in no case will the reserve exceed the low estimate.
The auctioneer may reject any bid or increment not commensurate
with the value of the lot.
5. Order bids are accepted. A deposit may be required. Absent parties
may place bids by mail, email, fax or in person prior to the sale.
Order bids must be placed 24 hours prior to the day of sale.
Shannon's LLC will execute such bids up to the maximum amount
specified. There will be NO TELEPHONE BIDDING AVAILABLE.
Shannon's is not responsible for errors or omissions
in the execution of these bids.
6. A premium of 25% of the successful bid up to and including
$500,000, and 17% on any amount exceeding $500,000 per lot,
will be applied to the individual hammer price of all lots sold, to be
paid by the buyer as part of the purchase price. Payment may be
made by cash, check or wire transfer. Visa or MasterCard may be
used up to the amount of $25,000 per auction. Purchases are subject
to 6% CT sales tax. ALL ITEMS MUST BE PAID FOR WITHIN
14 DAYS OF THE SALE, AT WHICH POINT THEY WILL BE
RELEASED FOR SHIPMENT OR DELIVERY.
7. Limited Warrantee: Although Shannon's LLC exercises due care in
describing the items listed and use good judgment in attributing
authorship; it does not make any express or implied warrantee as
to such authorship. Notwithstanding, Shannon's LLC may, but
shall have no obligation to, consider any reasonable request for
refund on the grounds of authenticity of authorship only and only
under the following conditions:
A. Notification must be made to Shannon's in writing within 7
days of receipt of the item.
B. The items must be returned within 28 days of the sale, accompanied
by written testimony from a recognized authority that
the lot in question is a forgery.
C. The limited warrantee does not extend to the lots identified as
attributions, school, circle, manner, or after.
D. The limited warrantee is applicable only to the original Buyer.
8. All property is sold "as is"
9. As a convenience to the Buyer, Shannon's LLC will make a referral
for packing and shipping. This is at the request, expense, and risk
of the Buyer, and Shannon's assumes no responsibility for the
items or the timing of delivery. Insurance for in transit items is the
responsibility of the buyer.
10. Shannon's has retained the Art Loss Register to check all
uniquely identifiable items offered for sale in the catalog that are
estimated for $5,000 or more against the computerized database
of stolen or lost artwork maintained by the Art Loss Register. A
search certificate can be provided by the Art Loss Register for an
additional fee. The Art Loss Register can be reached by mail at 108
West 39th Street, Suite 506, New York 10018 or by email at
info@alrny.com. The Art Loss Register does not guarantee the
provenance or title of any catalogued item against which they
search, and will not be liable for any direct or consequential losses
of any nature howsoever arising. The statement is not to affect,
detract from, or override Shannon's Conditions of Sale, and in the
event of any conflict, Shannon's Conditions of Sale will take
priority to the terms of this statement.
BIDDING AT THIS AUCTION, WHETHER IN PERSON, BY AGENT, ORDER BID, TELEPHONE, INTERNET OR OTHER MEANS, CONSTITUTES YOUR ACKNOWLEDGEMENT AND ACCEPTANCE OF THESE "CONDITIONS OF SALE".

All purchases (including buyers premium) will be subject to a Massachusetts State Sales Tax of 6.25% unless the buyer is an out-of-state resident and lots are being shipped out of Massachusetts or the purchaser has a valid Tax Exempt Certificate ( an actual resale certificate must be presented and on file with Altair Auctions)