home Auction Terms & Conditions
  • Auction Terms
    (for auctions held by K Auction in Korea)
  • Auction Terms
    (for auctions held by K Auction in Hong Kong)

Auction Terms (for auctions held by K Auction in Korea)

Article 1 Purpose

  • 1.1 These terms and conditions of auction (these "Auction Terms") and the Important Notices (the "Important Notices") contained in the relevant Auction Catalogue (defined below) contain all the terms and conditions on which:
  • 1.1.1 K Auction Inc. ("K Auction") shall conduct an Auction (defined below);
  • 1.1.2 prospective Bidders shall register and/or apply to place, and Bidders shall place, bids in such Auction;
    and
  • 1.1.3 K Auction and the Seller(including Consignor) shall contract with the Buyer in connection with the sale of any lot in such Auction(“Consignment Agreement”). K Auction and the Consignor shall have a separate Consignment Agreement containing additional terms between both parties.

Article 2 Definition

  • 2.1 "Auction" means an offline auction conducted by K Auction from time to time in accordance with these Auction Terms and/or the Important Notices.
  • 2.2 "Auction Catalogue" means, in relation to an Auction, the catalogue(including e-catalogue) published by K Auction containing descriptions and information on the lots scheduled to be sold at such Auction. “Auction Catalogue and/or elsewhere” means but not restricted to, every material produced by K auction (including materials on the K Auction official website, web mail, SMS, smartphone application, listbook, brochure, condition report, lot recommendation, research study, screen display at Auction, marketing and promotional printouts).
  • 2.3 "Auction Date" means, in respect of any lot, the date on which such lot is scheduled to be sold at an Auction.
  • 2.4 "Auction Period" means, in relation to an Auction, the date(s) on which such Auction is held.
  • 2.5 "Bidder" means, in relation to an Auction, any person who has applied to K Auction to place bids in such Auction and accepted by K Auction or, if applicable, has received written confirmation of such application from K Auction in accordance with these Auction Terms and/or the Important Notices.
  • 2.6 "Business Day" means a calendar day which is not a Saturday, a Sunday or a public holiday in Korea.
  • 2.7 "Buyer" means, in respect of any lot, the Bidder who is declared by the auctioneer to be the Bidder who has made the highest bid for such lot in accordance with these Auction Terms.
  • 2.8 "Buyer Withdrawal Fee" means, in respect of any lot, an amount equal to 30% of the Hammer Price of such lot.
  • 2.9 "Buyer's Expenses" means, in respect of any lot, any taxes, costs, charges or expenses including, but not limited to, any currency conversion costs, storage charges, packaging, delivery and transit insurance costs, incurred by any of K Auction, its directors, officers, employees and/or agents in connection with the sale of such lot pursuant to these Auction Terms and/or the Important Notices and payable by the Buyer to K Auction.
  • 2.10 "Buyer's Premium" means, in respect of any lot, the premium payable by the Buyer to K Auction in accordance with these Auction Terms in connection with the Consignment Agreement and such lot.
  • 2.11 "Consignor" means, in respect of any lot, the person who has consigned such lot to K Auction to be sold at an Auction by entering into a consignment agreement with K Auction prior to the start date of such Auction.
  • 2.12 "Estimate Price" means, in respect of any lot, the estimated value of such lot as determined by K Auction in its sole and absolute discretion.
  • 2.13 “Starting Price” means, in respect of any lot, the start price of such lot, determined by K Auction or the Auctioneer in its sole and absolute discretion.
  • 2.14 "Hammer Price" means, in respect of any lot, the sale price of such lot, being the amount equal to the highest bid accepted by the auctioneer by striking his/her hammer and calling the paddle number of the relevant Bidder in accordance with these Auction Terms.
  • 2.15 "Purchase Price" means, in respect of any lot, an amount equal to the sum of the Hammer Price and the Buyer's Premium of such lot.
  • 2.16 "Reserve Price" means, in respect of any lot, the minimum selling price of such lot agreed in writing between the Seller and K Auction (if the Consignor is the Seller), or determined by K Auction (if K Auction is the Seller), as the case may be, prior to the sale of such lot.
  • 2.17 "Seller" means, in respect of any lot, the counterparty to the contract of sale of such lot, which shall be K Auction or the Consignor.

Article 3 K Auction as agent or as the Seller

Except in respect of any lot of which K Auction is the Seller, K Auction shall act as agent of the Consignor (being the Seller) in selling the Consignor's lot in an Auction. The contract for the a lot shall be made between the Seller and the Buyer.

Article 4 Previews

  • 4.1 K Auction will hold preview(s) of lots scheduled to be sold at an Auction which will be open to the public and free of charge, provided however, that K Auction may, in its sole and absolute discretion, require proof of identity satisfactory to it before admitting any person to any preview and/or refuse admission of any person to any preview.
  • 4.2 K Auction may give notice of the place, date, time and duration of any preview in the relevant Auction Catalogue and/or elsewhere. K Auction may, in its sole and absolute discretion, cancel, or change the place, date, time and/or duration of, any preview without prior notice. K Auction may, in its sole and absolute discretion, determine not to sell any lot exhibited at a preview in the relevant Auction or any Auction at all.

Article 5 Bidder registration

Unless otherwise agreed in writing with K Auction prior to the start date of the relevant Auction Period, prospective Bidders, including first-time prospective Bidders, shall register and/or apply to place bids in an Auction by completing and sending to K Auction the relevant registration form and any supplementary document specified in such registration form and/or requested by K Auction in accordance with the Important Notices. Registration of prospective Bidders and application to place bids in writing or by telephone will be conducted as prescribed in the relevant Important Notices. K Auction shall use reasonable endeavours to process any registration and/or any application to place bids, provided however, that K Auction shall not be responsible for any failure to do so or delay in doing so, or for any error and/or omission by K Auction, its directors, officers, employees and/or agents in processing such registration and/or application, howsoever caused.

Article 6 Estimate Price and Starting Price

  • 6.1 K Auction may provide a lower Estimate Price, a higher Estimate Price and/or a Starting Price for each lot in Korean Won, US Dollar, Hong Kong Dollar and/or Chinese Yuan in the relevant Auction Catalogue and/or elsewhere during the relevant Auction Period. K Auction may, in its sole and absolute discretion, change at any time before and up to the time of the sale of any lot the Estimate Price or Starting Price of such lot without prior notice. Estimate Price or Starting Price will not include the Buyer's Premium and/or any Buyer's Expenses payable by the Buyer to K Auction. Estimate Price or Starting Price provided by K Auction will be for reference only and shall not be an indication of the value or the Hammer Price of the relevant lot. K Auction shall not be responsible for any Estimate Price or Starting Price being quoted in the public.
  • 6.2 Except as otherwise expressly provided in these Auction Terms and/or the Important Notices, the Estimate Price or Starting Price shown in US Dollar, Hong Kong Dollar or Chinese Yuan in any Auction Catalogue and/or elsewhere will be for reference only and all bids and payment shall be in Korean Won. In respect of Estimate Price or Starting Price provided in an Auction Catalogue and/or elsewhere, the relevant Important Notices will contain the rates of exchange used for converting the Estimate Price or Starting Price expressed in Korean Won into US Dollar, Hong Kong Dollar or Chinese Yuan. Such rates of exchange will be obtained on practicable date prior to the printing of the relevant Auction Catalogue and may change at any time thereafter. No representation is made that any of the US Dollar, Hong Kong Dollar or Chinese Yuan amounts shown in any Auction Catalogue and/or elsewhere could have been or could be converted into Korean Won (or vice versa) at the specified rates, at any particular rates or at all. K Auction shall not be responsible for any error or omission, however caused, arising from, or in connection with, conversion of Estimate Price or Starting Price expressed in Korean Won into US Dollar, Hong Kong Dollar or Chinese Yuan.

Article 7 Conduct of Auction and conclusion of the sale of a lot

  • 7.1 K Auction may give notice of the scheduled date, time, duration and place of an Auction in the relevant Auction Catalogue and/or elsewhere, provided however, that K Auction may, in its sole and absolute discretion, cancel, or change the date, time, duration and/or place of, any Auction at any time without prior notice.
  • 7.2 Each of K Auction and the auctioneer may, in its sole and absolute discretion, refuse admission of any person to any Auction and/or reject any bid (whether made in person, in writing or by telephone) placed in any Auction.
  • 7.3 Each lot shall be sold subject to the Reserve Price of such lot and the auctioneer shall not accept any bid below such Reserve Price in principle. The auctioneer shall keep the Reserve Price confidential. The auctioneer may place bids on behalf of the Seller below the Reserve Price or Starting Price by either placing consecutive bids or entering bids in response to bids placed in person, in writing or by telephone (as the case may be). The auctioneer may, in its sole and absolute discretion, start the bidding of any lot below the Reserve Price or Starting Price of such lot, and may accept bids below the Reserve Price or Starting Price without prior consent from the Consignor. The auctioneer shall not place any bid on behalf of the Seller at or above the Reserve Price. The auctioneer shall not be obliged to specifically identify bids placed on behalf of the Seller.
  • 7.4 A Bidder may place bids in person, in writing or by telephone, subject to, and in accordance with, these Auction Terms and/or the Important Notices. All Bids placed may be recorded or documented and Bidders shall be deemed to have consented to the recording and documentation of their conversations by placing bids.
  • 7.5 Subject to Clauses 7.6 and 7.7:
  • 7.5.1 in the case of bids placed in person, the Bidder shall place his/her bid by raising his/her paddle after the auctioneer's call in the auction hall; 7.5.2 in the case of written bids, the auctioneer will call out such bids in the auction hall before commencing to receive bids placed in person or by telephone; and/or 7.5.3 in the case of bids placed by telephone, K Auction's staff will place bids on behalf of the Bidder in the auction hall.
  • 7.6 In respect of a lot, K Auction shall use reasonable endeavours to receive any written bid or telephone bid, provided however, that K Auction shall not be responsible for any failure to do so or delay in doing so, or for any error and/or omission by K Auction, its directors, officers, employees and/or agents in receiving such bid, howsoever caused.
  • 7.7 If, in respect of a lot, any written bid or telephone bid is received by K Auction in accordance with these Auction Terms and/or the Important Notices, K Auction shall use reasonable endeavours to place such bid, provided however, that K Auction shall not be responsible for any failure to do so or delay in doing so, or for any error and/or omission by K Auction, its directors, officers, employees and/or agents in placing such bid, howsoever caused.
  • 7.8 In respect of a lot, if a written bid and a bid in person, or a written bid and a bid by telephone, have the same bid price, the Bidder has priority in the order of written bid, in person and Telephone subject to, and in accordance with, these Auction Terms. If two written bids for a lot have the same bid price, the Bidder of the written bid first received by K Auction will be declared the Buyer subject to, and in accordance with, these Auction Terms.
  • 7.9 K Auction may, in its sole and absolute discretion, (i) withdraw any lot at any time before the scheduled time of sale of such lot without prior notice; (ii) combine any two or more lots without prior notice; (iii) re-commence during the relevant Auction Period, the auction of any lot which was previously put up for sale during such Auction Period but not sold without prior notice; (iv) in the event of any error arising in relation to, or any dispute among the Bidders over the validity of, bids placed in respect of a lot, determine the Buyer of, continue the bidding process of, cancel the sale of, and/or put up for resale, such lot; and/or (v) in the event that any dispute over the authenticity of any lot, or the validity of the sale of any lot, has arisen or may, in K Auction's sole opinion, arise, refuse to place such lot in an Auction, discontinue the bidding process and/or cancel the sale. In the event that the bidding process or the sale of a lot is discontinued or cancelled in accordance with this Clause 7.9, the Buyer's sole and exclusive remedy against K Auction and/or the Seller, as the case may be, shall be the refund of the Purchase Price paid by the Buyer for such lot (if any). Neither K Auction nor the Seller shall be liable for any special, indirect or consequential loss including, but not limited to, loss of profits or loss of interest. For the avoidance of doubt, K Auction shall not be liable to pay any interest or indemnify any loss incurred as a result of any foreign exchange rate fluctuation or otherwise.
  • 7.10 Without prejudice to Clause 7.2, the contract between the Seller and the Buyer for any lot shall occur immediately upon the auctioneer accepting the highest bid by striking his/her hammer and calling out the paddle number of the relevant Bidder. The Buyer shall sign a Successful Bidding Confirmation confirming the purchase by him/her of a lot on the date of the sale of such lot (where the Buyer made his/her bid in person and is present in the auction hall on the date of the sale) or as soon as practicable (where the Buyer did not make his/her bid in person or is not present in the auction hall on the date of the sale).
  • 7.11 Risk associated with, and responsibility for, a lot will pass to the Buyer from the earlier of (i) the expiration of seven calendar days from, but not including, the date of the sale of such lot, and (ii) the date of collection of such lot by the Buyer or its authorised representative. Title to the lot, however, will not pass to the Buyer until all amounts payable by the Buyer to K Auction (for itself and/or on behalf of the Consignor) under these Auction Terms and/or the Important Notices have been received by K Auction in good cleared funds.
  • 7.12 Except as expressly provided in Clause 7.3, a Consignor shall not, directly or indirectly, place bids on his/her lots in an Auction.

Article 8 Marketing materials

K Auction holds the right to use any lot for any business purpose of K Auction including posting images and/or information relating to any lot in any Auction Catalogue and/or elsewhere. The copyright in all images, illustrations and/or written material produced by or for K Auction relating to any lot, including the contents of any Auction Catalogue and/or elsewhere, shall be and shall remain at all times the property of K Auction and shall not be used by the Buyer, nor by any other person, at any time without K Auction's prior written consent. Neither K Auction nor the Seller makes any representation or warranty that the Buyer of a lot will acquire any copyright or other reproduction rights in it.

Article 9 Buyer's Premium

  • 9.1 In respect of any lot, the Buyer's Premium shall be 15%(excluding VAT) of the Hammer Price.
  • 9.2 The Buyer's Premium shall be exclusive of any Buyer's Expenses payable by the Buyer to K Auction.

Article 10 Payments of the Purchase Price and Delivery of lots

  • 10.1 K Auction will provide to the Buyer an invoice or invoices of the amounts due from the Buyer to K Auction (for itself and/or on behalf of the Consignor) under these Auction Terms and/or the Important Notices listing the lot(s) purchased by the Buyer in an Auction, the Hammer Price, the Buyer's Premium, VAT and/or any Buyer's Expenses:
  • (i) in person on the day of the sale of the lot(s) (where the Buyer made his/her bid in person and is present in the auction hall on the date of the sale); or
  • (ii) by fax, email or by post to the billing address or email address provided by the Buyer in his/her registration form as soon as practicable (where the Buyer did not make his/her bid in person or is not present in the auction hall on the date of the sale).
  • 10.2 In respect of lot(s) purchased by the Buyer, the Buyer shall pay to K Auction (for itself and/ or on behalf of the Consignor) in accordance with these Auction Terms and/or the Important Notices:
  • 10.2.1 the full invoiced amount; and 10.2.2 any other Buyer's Expenses incurred after the invoice(s) has/have been sent to the Buyer, within seven calendar days from, but not including, the date of the sale of the lot(s). K Auction and a Buyer may, prior to the sale of the relevant lot, agree in writing for the Purchase Price of such lot to be paid in instalments.
  • 10.3 Unless otherwise agreed in writing between the Buyer and K Auction: (i) the Buyer shall be personally liable to pay to K Auction (for itself and/or on behalf of the Consignor) in accordance with these Auction Terms and/or the Important Notices the Purchase Price and/or any Buyer's Expenses payable by the Buyer in respect of any lot; and (ii) K Auction will not accept any payment due to it (for itself and/or on behalf of the Consignor) from any other party other than the relevant Buyer.
  • 10.4 If, in respect of any lot, K Auction (for itself and/or on behalf of the Consignor) does not receive the full amounts payable by the Buyer under this Clause 10 within seven calendar days from, but not including, the date of the sale of such lot, K Auction may, in its sole and absolute discretion, and unless agreed in writing between the Buyer and K Auction:
  • 10.4.1 cancel the sale of such lot and charge the Buyer the Buyer Withdrawal Fee which shall be due and payable by the Buyer on demand;
  • 10.4.2 put up such lot for resale in another Auction;
  • 10.4.3 disclose any personal information on the Buyer to the relevant Consignor to the extent necessary for that Consignor to claim against the Buyer;
  • 10.4.4 set off against any amounts which K Auction or any of its Affiliate (defined in Clause 17) may owe the Buyer in any other transactions, the outstanding amount remaining unpaid by the Buyer; and/or
  • 10.4.5 take such other action as K Auction deems necessary or appropriate, without prejudice to any other rights or remedies available to K Auction by law.
  • 10.5 The Buyer may cancel his/her purchase of any lot within seven calendar days from the Sale date, if agreed previously by K Auction in writing;
  • 10.5.1 by giving written notice of cancellation to K Auction; and
  • 10.5.2 paying to K Auction the Buyer Withdrawal Fee, within seven calendar days from, but not including, the date of the sale of such lot. The sale will be cancelled immediately upon receipt by K Auction of such written notice and the Buyer Withdrawal Fee.
  • 10.6 Unless otherwise agreed in writing between K Auction and the Buyer, K Auction will only release the lot(s) purchased by the Buyer to the Buyer or its authorised representative in accordance with this Clause 10.6. The Buyer shall collect, or procure the collection of, the lot(s) purchased by him/her at his/her risk and expense within seven calendar days from, but not including, the date of the sale of the lot(s), provided however, that K Auction shall not be obliged to release any lot:
  • 10.6.1 until full payment of all amounts payable by the Buyer to K Auction (for itself and/or on behalf of the Consignor) pursuant to this Clause 10 is duly received by K Auction; or
  • 10.6.2 without being provided with proof of identity of the collector and (in the case of an authorised representative) proof of authorisation, satisfactory to K Auction.
  • 10.7 If agreed in writing between the Buyer and K Auction, K Auction will arrange packaging, delivery and transit insurance of the lot(s) purchased by the Buyer at the Buyer's expense and risk. K Auction shall not be responsible for any damage to, or the loss of, such lot during packaging and/or the transit period of such lot, howsoever caused.
  • 10.8 K Auction will keep the lot(s) sold in an Auction at no charge until the expiry of seven calendar days from, but not including, the date of the sale of such lot(s), after which the lot(s) will be stored by K Auction at the Buyer's risk. If the Buyer fails to collect any lot within such time period regardless of whether such failure is caused by K Auction's refusal to release such lot due to not having received from the Buyer the full amounts due from the Buyer to K Auction (for itself and/or on behalf of the Consignor) in respect of such lot or not having received proof of identity and/or authorisation pursuant to Clause 10.6, the Buyer shall pay to K Auction a daily storage charge of KRW30,000 per lot.
  • 10.9 If any lot is not collected by the Buyer or its authorised representative within 21 calendar days from, but not including, the date of the sale of such lot for whatever reason, K Auction shall not be liable for any damage to, or the loss of, such lot(s), howsoever caused.

Article 11 Export and/or import licences

The Buyer shall be responsible for obtaining any relevant export/import licences and/or permits (the "Licences") required for the export/import of the purchased lot(s). K Auction may, at the written request of the Buyer, introduce to Buyer a shipper to assist in obtaining the necessary Licences at the Buyer's expense and risk. K Auction does not accept any responsibility whatsoever in respect of such introduction. Denial of the Licences and/or delay in obtaining the Licences in respect of any lot shall not be a ground for the Buyer to cancel the sale of such lot or refuse or delay payment of the full amounts payable by the Buyer to K Auction (for itself and/or on behalf of the Consignor) pursuant to Clause 10.
In particular, bidders bidding on the lots considered to be traditional Korean relics and treasures must fully understand the terms of Korea Cultural Heritage Properties Protection Law, which prohibits exportation of such lot.

Article 12 Sale after the Auction

  • 12.1 If any lot (an "After Sale Lot") is not sold in an Auction because no bid matched or exceeded the Reserve Price at such Auction, K Auction may;
  • 12.1.1 receive bids in writing for such After Sale Lot subject to the relevant Reserve Price (including the revised Reserve Price after the sale); and
  • 12.1.2 accept the highest bid placed in accordance with this Clause 12, provided however, that K Auction shall not be obliged to accept any bid if it deems, in its sole and absolute discretion, that the relevant Bidder has not provided all documents as may be requested by K Auction pursuant to Clause 12.2 to its satisfaction.
  • 12.2 A Bidder shall, when placing bids for any After Sale Lot, send to K Auction any supplementary document as may be requested by K Action in written notice from time to time within the time specified by K Auction in such notice.
  • 12.3 The sale contract for any After Sale Lot shall occur on the date of the invoice from K Auction to the Bidder notifying K Auction's acceptance of his/her bid. The invoice will list the lot(s) purchased by the Buyer, the Hammer Price, the Buyer's Premium, VAT and/or any Buyer's Expenses, due from the Buyer to K Auction (for itself and/or on behalf of the Consignor).
  • 12.4 Clauses 1, 2, 3, 6, 7.2, 7.3, 7.6 to 7.9, 7.11, 7.12, 8, 9, 10.2 to 10.9, 11, 13 to 19 of these Auction Terms and/or the relevant provisions in the Important Notices shall apply in respect of the sale of any After Sale Lot in accordance with this Clause 12 as applicable and with the necessary amendments.

Article 13 No representations, warranties and liabilities

  • 13.1 A Consignor and/or Bidder agrees and acknowledges that all statements in respect of any lot including, but not limited to, statements on authorship, title, medium and/or size, contained in any Auction Catalogue and/or elsewhere in writing or made orally by any of K Auction, its directors, officers, employees and/or agents and/or the Seller at any time, are statements of opinion and not statements of fact. So far as is permitted by law and except as otherwise expressly provided in this Clause 13, Clause 14 and/or Clause 15, all representations, warranties, conditions, guarantees and stipulations, express or implied, statutory, customary or otherwise in respect of any lot are and shall be expressly excluded (including, but without limitation, warranties, conditions as to title, rights to dispose, quiet possession, freedom from encumbrances, merchantable or satisfactory quality, fitness for purpose, description, size, quality, attribution, authenticity, medium, provenance or whether such lot is subject to copyright and/or whether the Consignor and/or the Buyer acquires copyright in such lot).
  • 13.2 So far as is permitted by law, the lots shall be sold on an "as is" basis as at the time of sale of the lots (whether or not the Buyers are in attendance in person at the Auction). Descriptions in the Auction Catalogue and/or elsewhere may on occasion make reference to particular defects or deficiencies of a lot but the absence of any such description in respect of any lot shall not mean that such lot is without defects or deficiencies. The Bidder shall be responsible for conducting his/her own research and satisfying himself/herself of the condition of the lots, including, but not limited to, damage and/or restoration of the lots and in respect of any entries provided in the Auction Catalogue and/or elsewhere. K Auction will only accept a bid from a Bidder in respect of a lot on the assumption that the Bidder has satisfied himself/herself of the condition of such lot and in respect of any entries provided in the Auction Catalogue and/or elsewhere.
  • 13.3 So far as is permitted by law and except as otherwise expressly provided in these Auction Terms and/or the Important Notices, neither K Auction nor the Seller shall be liable to any Consignor, Bidder or Buyer for:
  • 13.3.1 errors or omissions in information, whether oral or written, provided by any of K Auction, its directors, officers, employees and/or agents and/or the Seller, howsoever caused;
  • 13.3.2 acts or omissions by any of K Auction, its directors, officers, employees and/or agents and/or the Seller in relation to the conduct of any Auction and/or for any matter relating to the sale of any lot, howsoever caused.

Article 14 Limited Warranty

  • 14.1 In respect of any lot, K Auction warrants that the headline printed in BOLD BLACK in respect of such lot on the first line in the Auction Catalogue (the "Headline") (as may be amended by any sale room notice displayed in the auction hall or K Auction official website during the relevant Auction Period) is true and accurate as at the date of the sale of such lot unless otherwise specified in the Auction Catalogue (as may be amended by any sale room notice displayed in the auction hall or K Auction official website during the relevant Auction Period) (the "Limited Warranty").
  • 14.2 K Auction shall not be liable for breach of the Limited Warranty in respect of any lot unless a Claim Letter (defined below) in respect of such lot is given by the Buyer to K Auction in accordance with this Clause 14 before the expiry of three years from, but not including, the date of the sale of such lot (the "Warranty Period").
  • 14.3 Subject to Clause 14.2, any Buyer wishing to claim under the Limited Warranty in respect of any lot shall (i) send to K Auction a letter (the "Claim Letter") stipulating the date of the sale of such lot, the lot number and the grounds for his/her claim under the Limited Warranty within three months from, but not including, the date on which he/she became aware of a possible/actual breach of the Limited Warranty; and (ii) return to K Auction the relevant lot in the same condition as at the time of the sale of such lot.
  • 14.4 In the event that there is a dispute between the Buyer and K Auction in respect of the grounds of the Buyer's claim under the Limited Warranty, K Auction may require the Buyer to obtain, at the Buyer's expense, written opinions of two experts in the field mutually acceptable to K Auction and the Buyer. K Auction shall not be bound by such written opinions provided by the Buyer and may seek additional advice from other experts in the field at its own cost.
  • 14.5 The Buyer shall not be entitled to claim under the Limited Warranty in respect of any lot if:
  • 14.5.1 the relevant Headline corresponded to the generally accepted opinion of scholars or experts at the time of the sale of such lot;
  • 14.5.2 the catalogue description, sale room notice or K Auction official website indicated that there were possibilities of dissenting opinion(s) from scholar(s) or a group of experts on the relevant Headline; or
  • 14.5.3 the breach of the Limited Warranty can be proved only by means of either a scientific process not generally accepted for use until after publication of the relevant Auction Catalogue or a process which at the date of publication of the relevant Auction Catalogue was unreasonably expensive or impractical or likely to have caused damage to the lot.
  • 14.6 In the case of a breach of the Limited Warranty in respect of a lot, K Auction shall cancel the sale of such lot and refund to the Buyer the Purchase Price paid by the Buyer in relation to the lot.
  • 14.7 In the event of a breach of the Limited Warranty in respect of a lot, the Buyer's sole and exclusive remedy against K Auction and/or the Seller shall be the cancellation of the sale and refund of the Purchase Price paid by the Buyer for such lot. Neither K Auction nor the Seller shall be liable for any special, indirect, consequential loss including, but not limited to, loss of profits or loss of interest. For the avoidance of doubt, K Auction shall not be liable to pay any interest or indemnify any loss incurred as a result of any foreign exchange rate fluctuation or otherwise.
  • 14.8 The Buyer shall not assign or transfer the benefits of the Limited Warranty. Unless agreed in writing between K Auction and the Buyer, only the Buyer of the relevant lot as shown on the invoice issued by K Auction shall be eligible to claim under the Limited Warranty, provided that such Buyer must have remained the owner of the lot without disposing of any interest in it to any third party.

Article 15 Limited Liability

  • 15.1 Without prejudice to Clauses 13 and/or 14 above, a Bidder's or Buyer's sole and exclusive remedy to any claim made by it against K Auction and/or the Seller arising out of, or in connections with these Auction Terms and/or the Important Notices in respect of any lot shall be damages up to the Purchase Price of such lot. Neither K Auction nor the Seller shall be liable for any special, indirect, consequential loss including, but not limited to, loss of profits or loss of interest. For the avoidance of doubt, K Auction shall not be liable to pay any interest or indemnify any loss incurred as a result of any foreign exchange rate fluctuation or otherwise.
  • 15.2 Nothing under these Auction Terms shall exclude or limit K Auction's liability in respect of any fraud, death or personal injury arising out of, or in connection with, any action or inaction by any of K Auction, its officers, employees and/or agents in relation to the conduct of any Auction and/or sale of lots.

Article 16 Amendment to these Auction Terms and the Auction Catalogue

  • 16.1 K Auction may, at any time, and in its sole and absolute discretion, amend the provisions of these Auction Terms and any such amendments shall be posted on the first page of K Auction official website for a period commencing seven calendar days prior to, and ending one calendar day prior to, the effective date of such amendments.
  • 16.2 K Auction may, at any time, and in its sole and absolute discretion, amend any information in an Auction Catalogue and/or elsewhere including, but not limited to, the Important Notices and any such amendments shall be posted in a sale room notice or K Auction official website during the relevant Auction Period.

Article 17 Data Protection

  • 17.1 Consignors, Prospective Bidders, Bidders and/or Buyers may be required to supply personal data in connection with placing bids for, and purchasing of, lots at the Auction. All personal data may be used for the following purposes: (i) all matters connected to the management and operation of K Auction's business and the marketing and supply of K Auction's services; (ii) the transfer of such data to any place in and outside of Korea; and/or (iii) any purpose relating to or in connection with compliance with any law, regulation, court order or order of a regulatory body.
  • 17.2 All personal data will be kept confidential but, subject to the provision of any applicable law, may be disclosed to or used by any of the following companies or persons, whether in or outside of Korea: (i) K Auction and/or any of its branches, subsidiaries, holding company, associated companies or affiliates of, or companies controlled by, or under common control with, K Auction (each an "Affiliate") (together the "Group"); (ii) any director, officer or employee of the Group, but only when carrying out the business of the Group; (iii) any agent, contractor, third party service provider or other person authorised by the Group to provide administrative, telecommunications, computer or insurance, shipping, or any other services to the Group in connection with the operation of its business; (iv) credit reference agencies and, in the event of default, debt collection agencies; (v) any other person under a duty of confidentiality to the Group; and/or (vi) any person to whom the Group is under an obligation to make disclosure under the requirements of any law, regulation, court order or order of a regulatory body.
  • 17.3 In general, and subject to certain exemptions, Consignors, Prospective Bidders, Bidders and/or Buyers shall be entitled to: (i) request access to his/her personal data, which shall be provided within 40 days; (ii) request the correction of his/her personal data, which shall be made within 40 days; and/or (iii) be given reasons if a request for access or correction is refused or unable to be complied with within 40 days.
  • 17.4 Any request for access to and/or correction of Consignors, Prospective Bidders, Bidders and/or Buyers' personal data, or for information regarding K Auction's data protection policies and practices and the kinds of personal data K Auction hold, shall be sent to K Auction in accordance with Clause 18.6. K Auction will have the right to charge a reasonable fee for the processing of any data access request.
  • 17.5 If a Consignor, Prospective Bidder, Bidder or Buyer is a corporate entity, K Auction shall not use the personal data of such entity's data subjects for any purpose other than the purposes for which such entity notified its data subjects at the time of the collection of the data by such entity or a purpose directly related to that purpose (except where K Auction has obtained the written consent of the data subject). The corporate prospective Bidder, Bidder or Buyer by signing the relevant registration form, confirms that (i) it has notified its data subjects that their personal data may be used for the purposes specified in Clause 17.1 and (ii) it agrees to indemnify K Auction in relation to any loss or damage suffered by K Auction as a result of its failure to notify its data subjects as set out in (i) above.

Article 18 Miscellaneous

  • 18.1 In the case of any failure by the Buyer to pay to K Auction any amount due to it (for itself or on behalf of the Consignor) by the relevant due date, an interest of up to 2% per month (as determined from time to time by K Auction in its sole and absolute discretion) shall accrue to the default amount on a daily basis from, but excluding, the date such payment is due to, and including, the date of actual payment of the default amount and any interest accrued.
  • 18.2 Any and all payments due under these Auction Terms and/or the Important Notices shall be payable in Korean Won. If the Buyer and K Auction agrees in writing for the Buyer to pay any amount due to K Auction (for itself and/or on behalf of the Consignor), or for K Auction to pay any amount due to it, in any currency other than Korean Won, the Buyer shall be liable to pay any currency costs including, but not limited to, bank commissions and/or charges incurred by K Auction in converting the Korean Won amounts into such other currency. Any currency conversion shall be determined by K Auction based on the rate for Korean Won provided by Seoul Money Brokerage Service on the date of payment or the specific date determined by K Auction and K Auction's decision as to such rate will be conclusive. For the avoidance of doubt, K Auction shall not be liable to indemnify any loss incurred as a result of any foreign exchange rate fluctuation or otherwise.
  • 18.3 Any and all payments under these Auction Terms and/or Important Notices shall be made in cash or equivalent, including electronic remittance, cashier cheques and/or bank money orders in good cleared funds and in accordance with the these Auction Terms and/or the Important Notices. In respect of any payment under these Auction Terms and/or the Important Notices, if the payment due date is not a Business Day, then the immediately following Business Day will be deemed to be the payment due date.
  • 18.4 All sums payable by the Buyer to K Auction are exclusive of any relevant tax owed by the Buyer. The Buyer shall be responsible for paying such tax at the rate and time as required by the relevant law.
  • 18.5 If any part of these Auction Terms and/or the Important Notices is found by any court to be invalid, illegal or unenforceable, that part may be discounted and the rest of these Auction Terms and/or the Important Notices shall continue to be valid and enforceable to the fullest extent permitted by law.
  • 18.6 All notices, requests, claims, demands and other communications to K Auction under these Auction Terms and/or the Important Notices shall be in Korean or English in writing and shall be given or made (and shall be deemed to have been duly given or made upon receipt) by delivery in person, by courier service, by facsimile with receipt confirmed (followed by delivery of an original via registered mail), by email with receipt confirmed by K Auction (followed by delivery of an original via registered mail) or by registered mail to K Auction at the following address:

    K Auction Inc.
    Art Tower, 23, Eonju-ro 172-gil, Gangnam-gu, Seoul, 06017, Korea
    Tel (02) 3479 8888
    Fax (02) 3479 8800
    Email: art@k-auction.com

    Notices to Consignors, Bidders and Buyers shall be addressed to the address or email address specified by them in the relevant registration form.
  • 18.7 Time shall be of the essence of these Auction Terms and/or the Important Notices both as regards any dates, times and periods mentioned and as regards any dates, times and periods which may be substituted for them in accordance with these Auction Terms or by agreement in writing between the parties.
  • 18.8 No waiver by or on behalf of K Auction of any requirement of or any rights under these Auction Terms and/or the Important Notices shall release any other party(ies) from the full performance of its/their remaining obligations under these Auction Terms and/or the Important Notices. No single or partial exercise of or failure or delay in exercising, on the part of K Auction, any right, power or remedy under these Auction Terms and/or the Important Notices or the granting of time by K Auction shall prejudice, affect or restrict the rights, powers and remedies of K Auction under these Auction Terms and/or the Important Notices, nor shall any waiver by K Auction of any breach of these Auction Terms and/or the Important Notices operate as a waiver of or in relation to any subsequent or any continuing breach of these Auction Terms and/or the Important Notices.
  • 18.9 These Auction Terms and/or the Important Notices as amended from time to time in accordance with these Auction Terms set out the entire agreement and understanding between the parties relating to the subject matter hereof to the exclusion of any terms implied by law which may be excluded by contract and supersedes any previous written or oral agreement between the parties in relation to the matters dealt with in these Auction Terms and/or the Important Notices as amended from time to time in accordance with these Auction Terms (except in respect of the rights and obligations of the Consignor and K Auction against each other in relation to the consignment of lots by the Consignor to K Auction which shall be regulated by the relevant Consignment Agreement). It is agreed that no party has been induced to enter into these Auction Terms and/or the Important Notices by any representation, warranty or undertaking not expressly incorporated in.
  • 18.10 In the case of any ambiguity or discrepancy between the English, Chinese and/or Korean version of these Auction Terms, the Korean version shall prevail.

Article 19 Jurisdiction and governing law

  • These Auction Terms shall be governed by the laws of Korea. The Seoul Central District Court shall have exclusive jurisdiction to settle any disputes which may arise out of or in connection with these Auction Terms and/or the Important Notices and the parties to these Auction Terms (except K Auction) irrevocably submits to the jurisdiction of such courts and waive any objection to proceedings in any such court on the ground of venue or on the ground that proceedings have been brought in an inconvenient forum. K Auction shall have the right to bring proceedings in any court other than the Seoul Central District Court. All Consignors, Bidders and Buyers irrevocably consent to the service of process or any other documents in connection with proceedings in any court by facsimile transmission, delivery in person, delivery by mail or in any other manner permitted by Korean law, at the law of the place of service or the law of jurisdiction where proceedings are instituted, at the last address of the Consignors, Bidders or the Buyers known to K Auction or any other usual address.






拍賣條款(限K Auction在韓國舉行的拍賣會)

1 目的

  • 1.1 本拍賣條款和條件(本“拍賣條款”)及相關重要事項(“重要事項”)包含於相關拍賣圖錄(定義於下)內,涵蓋了下列事項的所有條款和條件:
  • 1.1.1 K Auction有限公司(“K Auction")進行拍賣(定義於下);
  • 1.1.2 有意競投者的註冊及/或申請拍賣會上競投,競投人競投,及在拍賣會上競投;以及
  • 1.1.3 K Auction及賣家(包括託售人)與買家就任何于該買賣上出售拍賣品而達成的合約。以下(“拍賣合約”) K Auction與託售人之間發生的詳細合約事項明示于託售合約書。

2 定義

  • 2.1 “拍賣會(Auction)” 指K Auction不時按本拍賣條款及重要事項舉行的拍賣會。
  • 2.2 “拍賣圖錄(Auction Catalogue)"就某拍賣會而言,指K Auction出版的含有預定於該拍賣會中出售的拍賣品說明及資料的圖錄。(包括電子圖錄)“拍賣圖錄等 (Auction Catalogue and/or elsewhere) ”就某拍賣會而言K Auction通過任何方式提供的所有的相關資料(包括K Auction網站電郵、手機程序、短信、拍賣小冊、作品狀況書、拍賣會場的屏幕、廣告、宣傳媒體、印刷物、出版物等不限於此項。)
  • 2.3 “拍賣日(Auction Date)”就任何拍賣品而言,指該拍賣品在一拍賣會中預定出售的日期。
  • 2.4 “拍賣期(Auction Period)"就某拍賣會而言,指舉辦該拍賣會的日期或期間。
  • 2.5 “競投者(Bidder)"就某拍賣會而言,指已向K Auction登記及/或申請在該拍賣會競投的任何人仕,或K Auction已接受了此申請,和(若適用的話)已根據拍賣條款及重要事項收到K Auction就其登記及/或申請的書面確認信的人仕。
  • 2.6 “營業日(Business Day)"指除了星期六,星期日及韓國公眾假期以外的日曆日。
  • 2.7 “買家(Buyer) "就任何拍賣品而言,指拍賣官根據本拍賣條款宣佈為該拍賣品的最高價競投者的競投人仕。
  • 2.8 “買家撤銷費(Buyer Withdrawal Fee)”就任何拍賣品而言,指相等於該拍賣品成交價的30%的金額。
  • 2.9 “買家費用(Buyer's Expenses)”就任何拍賣品而言,指任何稅款,費用,收費或開支,包括但不限於K Auction,其董事、高級職員、員工及/或代理發生的與按本拍賣條款及重要事項就出售該拍賣品的買家應付給K Auction的任何貸幣兌換費用、儲存費、包裝費、遞交費及轉運保險費。
  • 2.10 “買家支付的酬金(Buyer's Premium)”就任何拍賣品而言,指根據本拍賣條款買家應向K Auction支付與拍賣合約上明示的酬金。
  • 2.11 “託售人(Consignor)"就任何拍賣品而言,指與K Auction在某拍賣會起始日前簽訂託售協議將該拍賣品委託K Auction於該拍賣會出售的人仕。
  • 2.12 “預估價(Estimate Price)"就任何拍賣品而言,指K Auction全權酌情決定的該拍賣品的預估價值。
  • 2.13 “起價(Starting Price)”就任何拍賣品而言,指K Auction與拍賣官根據各自的權利酌情決定的拍賣品起價。
  • 2.14 “成交價(Hammer Price)"就任何拍賣品而言,指拍賣官按本拍賣條款擊槌並喊出最高價競投者的競標牌號碼時等同該拍賣品最高競投價的售價。
  • 2.15 “買入價(Purchase Price)"就任何拍賣品而言,指相等於該拍賣品的成交價及買家支付的酬金總額的金額。
  • 2.16 “底價(Reserve Price)"就任何拍賣品而言,指在該拍賣品售出之前,由賣家與K Auction(如託售人是賣家)以書面形式同意的最低成交價,或者K Auction(如K Auction是賣家),視情況而定,由K Auction在該拍賣品售出前決定的最低成交價。
  • 2.17 “賣家(Seller)”就任何拍賣品而言,該拍賣品的售賣合約的對方,指K Auction及/或託售人。

3 K Auction作爲代理或作為賣家

除非K Auction為任何拍賣品的賣家,否則,K Auction在拍賣會上出售託售人的拍賣品時為託售人的代理。拍賣合約應為買家及賣家雙方訂立的。

4 預覽會

  • 4.1 K Auction會舉辦預覽會,免費開放給公眾參觀預定在拍賣會上出售的拍賣品,但條件是,在任何人仕進人任何預覽會前,K Auction可全權酌情決定要求該人仕出示令K Auction滿意的身分證明及/或拒絕任何人仕進人任何預覽會。
  • 4.2 K Auction可在拍賣圖錄等上公佈預覽會的地點、日期、時間及持續時間。K Auction可全權酌情決定取消或更改預覽會的地點、日期、時間及/或其持續時間、無須事先通知。K Auction可全權決定不在相關拍賣會上或不在任何拍賣會上出售預覽會中展覽的任何拍賣品。

5 競投者登記

除非與K Auction在相關拍賣期起始日前有書面協定,有意競投者(包括首次有意競投者)應根據重要事項的規定,填妥登記表格並將該填妥的登記表格連同該登記表中規定的及/或K Auction要求的任何補充資料交回K Auction,以登記和/或申請參與競投。有意競投者的登記及在拍賣會上以書面或電話形式競投的申請應按相關重要事項註明的方式進行。K Auction將盡合理努力處理任何競投的登記和/或申請,但是,若 K Auction未能處理或延遲處理該等登記和/或申請,K Auction就自己或其董事、高級職員、員工和/或代理在處理該等登記和/或申請時的任何錯誤和/或疏忽,無論該錯誤和/或疏忽如何造成,K Auction概不 負 責 。

6 預估價/起價

  • 6.1 K Auction在某拍賣品而言,在相關拍賣期間的拍賣圖錄等上提供的每一項拍賣品較低預估價,較高預估價或起價的韓圓、美元、港幣及人民幣金額。K Auction可在出售任何拍賣品前直至任何拍賣品出售時的任何時間, 全權決定變更該拍賣品的預估價或起價,無須事先通知。拍賣品的預估價/起價不包括買家支付的酬金和/或任何買家應付給K Auction的買家費用。K Auction提供的拍賣品預估價/起價僅供參考,不應作為該拍賣品價值或其成交價的指示。任何被公開引用的預估價/起價,K Auction概不負責。
  • 6.2 除非本拍賣條款及/或重要事項中另有明確規定,任何拍賣圖錄中或其他地方標示的美元、港幣及人民幣預估價/起價僅供參考,所有競投及付款均須以韓圓作出。就拍賣圖錄提供的預估價/起價,相關的重要事項將包括將用韓圓表示的預估價/起價兌換成美元、港幣及人民幣所使用的匯率。該匯率是在印發相關拍賣圖錄前實際可行的,在之後可能隨時改變。K Auction對任何拍賣圖錄中或其他地方有關任何美元、港幣或人民幣金額應可以或可能可以用某指名的匯率,某特定匯率或任何匯率兌換成韓圓(反之亦然)等不做任何陳述。用港幣表示的預估價在轉換至美元、港幣及人民幣的轉換中出現或與此有關的任何錯誤或疏忽,無論該錯誤或疏忽是如何造成的,K Auction概不負責。

7 拍賣行為及拍賣品完成出售

  • 7.1 K Auction將在拍賣圖錄等上公佈某拍賣會預定的日期、時間、持績時間及地點。但是,K Auction可全權此前取消或更改原定拍賣會的日期、時間、持績期間及/地點,無須事先通知。
  • 7.2 K Auction及拍賣官均可全櫂酌情決定拒絕任何人仕進人拍賣會,並/或拒絕拍賣會中的任何競投(無論是以親自、書面或電話方式競投)。
  • 7.3 每一項拍賣品應在其底價的限制下出售,原則上拍賣官不應接受低於該拍賣品底價的任何競投。拍賣官應對底價保密。拍賣官在底價之下可以繼續競投或回應親自、書面或電話(視情況而定)競投的方式代表賣家進行該拍賣品的競投。拍賣官可全權酌情決定以低於某拍賣品底價/起價的價格展開競投,根據某情況不必經過託售人的同意而接受低於底價/起價的競投。然而拍賣官不可以就任何拍賣品代表賣家出同拍賣品底價相等或高於拍賣品底價的價格。拍賣官無義務明確確認代表賣方做出的競投。
  • 7.4 競投者可就任何拍賣品親自、書面或電話競投,但是必須受本拍賣條款及重要事項的限制,並須按本拍賣條款及重要事項進行。所有的電話競投將可能被錄音,錄像,記錄,競投者以競投即代表該競投者同意其對話被錄音, 錄像,記錄。
  • 7.5 受限於7.6及7.7條;
  • 7.5.1 若親自參與競投,競投者應於拍賣官在拍賣會場叫喚後舉起競標牌競投;
  • 7.5.2 若以書面形式競投,拍賣官將在開始收到親自或電話競投前在拍賣會場叫喊該書面競投的出價;和/或
  • 7.5.3 若以電話競投,K Auction員工將代表該競投者在拍賣會場競投。
  • 7.6 就某拍賣品而言,K Auction將盡合理努力接收任何書面或電話競投,但是,若K Auction沒有收到或延遲收到該等競投,或K Auction或其董事、高級職員、員工及/或代理有任何錯誤和/或疏忽,無論該錯誤和/或疏忽如何造成,K Auction概不負責。
  • 7.7 如果就某拍賣品而言,K Auction根據本拍賣條款及重要事項收到書面或電話競投,其將盡合理努力做出該等競投,但是,若K Auction未能做出或延遲做出該等競投,K Auction就自己或其董事、高級職員、員工和/或代理在做出該等競投時的任何錯誤和或疏忽,無論該錯誤和/或疏忽如何造成,K Auction概不負責。
  • 7.8 如果某項拍賣品的書面和親自競投,或書面和電話競投的金額相同,書面競投的競投者將被宣布為買家,但須受本拍賣條款的限制,並須按本拍賣條款執行。如果某項拍賣品有兩份一樣的書面競投,最先被K Auction收到的那份書面競投的競投者將被宣佈為買家,但須受本拍賣條款的限制,並須按本拍賣條款執行。
  • 7.9 K Auction有以下全權酌情權:
  • (i) 決定於某拍賣品的預計出售時間前的任何時候撤回該拍賣品,無須事先通知;
  • (ii) 決定將兩件或以上拍賣品合併出售,無須事先通知;
  • (iii) 在某拍賣期內將任何之前曾拍賣但沒有出售的拍賣品再次於該拍賣期內拍賣,無須事先通知;
  • (iv) 在某拍賣品競投的有效性出現任何錯誤或競投者間就該拍賣品競投的有效性有爭議時,決定誰是買家、是否繼續競投程序、取消出售該等拍賣品及/或重新出售;及/或
  • (v) 在其認為某拍賣品的真實性或出售某拍賣品的有效性已出現或可能有爭議時,決定拒絕在拍賣會上出售該拍賣品,中止競投程序或取消出售該拍賣品。
    如果某拍賣品的競投程序或出售根據本7.9條被中止或取消,買家對K Auction及/或賣家(視情況而定)的唯一(且排除其他方式)的補救方式為退還買家該拍賣品的買入價(如已付出)。無論K Auction或賣家均不對任何特殊、間接或後果性的損失負責,包括但不限於獲利或利息損失。為避免疑問,K Auction無義務支付任何因外匯波動或其他原因而引起的利息,也無義務賠償因外匯波動或其他原因而引起的任何損失。
  • 7.10 在不影響7.2條款的情況下,買家和賣家之間的就任何拍賣合約在拍賣官接受最高的競投時擊槌並喊出最高出價的該競投者的競標牌號碼時即時產生。在拍賣品售出當日,買家應簽署一份成功競投確認信,確認其買人該項拍賣品(當買家在拍賣品售出日親自競投並於售出日時在拍賣會場內)或在實際可行範圍的儘早時間(當買家在拍賣品售出日沒有親自競投或於售出日時不在拍賣會場內)。
  • 7.11 拍賣品相關的風險及責任將於下列(i)與(ii)間較早發生的日期轉到買家:(i)拍賣品售出後7個日曆日的期間期滿,及(ii)買家領取拍賣品當天(但不包括拍賣品售出日)。然而拍賣品的所有權只有在K Auction清楚收到買家本拍賣條款及/或重要事項下的應向K Auction(本身及/或代表託售人,視情況而定)支付的所有款項後才轉給買家。
  • 7.12 除在本7.3條款明確規定的情況下,託售人不可直接或間接在拍賣會上對其拍賣品競投。

8 銷售材料

K Auction就任何拍賣品而言其目的全權採用相關拍賣品的照片以及任何資料發佈于拍賣圖錄。K Auction出版的或為K Auction出版的有關任何拍賣品的所有影像、圖解及/或書面材料的版權,包括任何拍賣圖錄的內容,屬K Auction的財產。且任何時候均應為K Auction的財產,賣家或任何人仕在任何時候均不可在沒有取得K Auction的事先書面同意前使用。無論K Auction或賣家均不對拍賣品的買家將取得該拍賣品的任何版權或其他重新出版權作出任何陳述或保證。

9 買家支付的酬金

  • 9.1 除非買家與 K Auction另有畫面約定,就任何拍賣品而言,買家支付的酬金費率為:每件拍賣品成交價之15%(不包括稅)。
  • 9.2 買家支付的酬金不包括任何買家應支付給K Auction的買家費用。/li>

10 買入價的支付及拍賣品的遞交

  • 10.1 K Auction將按照本拍賣條款及/或重要事項下買家應支付給K Auction的費用,列有買家在拍賣會上買人的拍賣品、成交價、買方支付的酬金,稅,及/或任何買家費用的發票:
  • (i) 當買家親臨拍賣會場親身競投並在拍賣品出售當日在拍賣會場內,則於向買家本人發出;
  • (ii) 當買家沒有親臨拍賣會場競投或於售出日時不在拍賣會場,則於拍賣品售出日後在盡可能的期間將送到買家在其登記表格中註明的地址,郵件,或傳真及電郵。
  • 10.2 就買家買入的拍賣品而言, 買家應按本拍賣條款和重要事項自該拍賣品售出日起(但不包括拍賣品售出日)的7個日曆日內向K Auction(本身及/或代表託售人)支付並確保K Auction收到:
  • 10.2.1 發票上註明的全部款額;及
  • 10.2.2 以及發票發出給賣家後發生的任何其他買家費用
    買家應在7個日曆日內向K Auction支付全額(但不包括拍賣品售出日)。K Auction在出售相關拍賣品前可與買家書面約定分期支付該拍賣品的買入價。
  • 10.3 除非買家與K Auction另有書面約定
  • (i) 買家應就其買入的拍賣品自行按本拍賣條款及重要事項自行負責支付買人價及/或應付給K Auction(本身及/或代表託售人)的任何買家費用;及
  • (ii) K Auction將不接受除相關買家以外的任何他方支付欠K Auction(本身及/或代表託售人)的任何付款。
  • 10.4 就任何拍賣品而言,如果K Auction(本身及/或代表託售人)未於自拍賣品售出日起(但不包括拍賣品售出日)的7個日曆日內收到由買家支付的第10條下其應付的全部金額,除非買家與K Auction有書面約定,否則K Auction可全權酌情決定:
  • 10.4.1 取消該拍賣品的出售並向買家收取撤銷費,一經請求,撤銷費即為買家到期應付的費用;
  • 10.4.2 在另一個拍賣會重新出售該拍賣品;
  • 10.4.3 在託售人向買家追討欠款的範圍內向相關託售人披露買家的任何必須的個人資料;
  • 10.4.4 如K Auction或旗下公司(根據第17項定義)對賣家因其他交易有財經方面的支付債務,其抵消;及/或
  • 10.4.5 採取K Auction認爲必要或適當的其他措施,但不損害K Auction在法律上可以使用的任何其他權利或補救辦法。
  • 10.5 買家可以在K Auction已經過提前的書面同意的情況下自拍賣品售出日起的7個日曆日內以下列方式取消任何拍賣品的購買
  • 10.5.1 向K Auction發出書面取消通知,及
  • 10.5.2 向K Auction支付買家撤銷費。
    在K Auction收到該書面通知及買方撤銷費時該買賣立即撤銷。
  • 10.6 除非買家與K Auction另有書面約定,K Auction將根據本10.6條僅向買家或其授權代表交付由買家購人的拍賣品。買家應自拍賣品售出日起(但不包括拍賣品售出日)的 7個日曆日內領取或促使領取該拍賣品,買家自行承擔風險及費用。但條件是K Auction無義務交付任何拍賣品:
  • 10.6.1 直到K Auction已及時收到根據本10條賣家應支付給K Auction(本身及/或代表託售人)的所有款項,及
  • 10.6.2 沒有被提供令K Auction滿意的收件人的身份證明及(在授權代表的情況下)令K Auction滿意的授權證明
  • 10.7 若買家和K Auction書面約定,K Auction可應買家書面要求對其買人的拍賣品安排包裝、運送及轉運保險,費用和風險由買家承擔。該拍賣品在包裝和/或轉運期間內發生的任何損壞或損失,無論是該損壞或損失是如何造成,K Auction概不負責。
  • 10.8 在拍賣會上售出的拍賣品,將獲K Auction免費存放直到自該拍賣品售出日起(但不包括拍賣品售出日)的7個日曆日的期間期滿。其後,關於拍賣品將存放的風險由買家承擔。若買家未於該期間內領取任何拍賣品,無論原因是否因為K Auction以未從買家處收到其欠K Auction(本身或代表託售人)有關該拍賣品的所有款項或未收到根據第10.6條的規定的身份和/或授權證明為由拒絕將該拍賣品交給買家,買家須向K Auction支付倉儲費,每件拍贊品每日的倉儲費為30,000元。
  • 10.9 買家或其授權代表無論任何原因未於自拍賣品售出日起(但不包括拍賣品售出日)的 21可個日曆日領取該拍賣品,K Auction將不對該拍賣品的任何損壞或損失負責,無論該損壞或損失是如何造成的。

11 出口及/或出口許可證

買家將負責為所購買的拍賣品取得出口/進口所需的任何相關出口/進口許可證及/或准許 (“許可證”)。K Auction可應買家書面要求向買介紹託運人協助申請所需的出口許可證或准許,風險及費用由買家承擔。K Auction就該等介紹不負任何責任。任何拍賣品被拒簽許可證及/或延遲取得許可證不可作為買家取消購買該拍賣品或拒絕或延遲支付其根據第10條應付給K Auction(本身或代表託售人)的全部款項的理由。
特別在推測為韓國的國寶及遺物的拍賣品而言, 根據韓國的國寶守護法規定的不可國外出口及進口的法律,中標者必定明確的了解此項而參加競投。

12 拍賣後銷售

  • 12.1 如果任何拍賣品因為在某拍賣會上沒有出價達到或超過其底價而沒有賣出(“拍賣後銷售品”),K Auction可在有關拍賣期結束後至7日營業日結束前:
  • 12.1.1 對該拍賣後銷售品在受相關底價(包括拍賣后已更改的底价)的限制下接受競投;並
  • 12.1.2 接受根據本12條出的最高出價的競投,
    但是,K Auction如果全權酌情決定認為該相關的競投者沒有提供K Auction令其滿意的根據第12.2條其要求的所有文件,K Auction則無義務接受任何競投。
  • 12.2 競投者應在對任何拍賣後銷售品競投時,在書面通知列明的時間內,寄給K Auction任何K Auction不時以書面通知可能要求的補充文件。
  • 12.3 任何拍賣後銷售品的銷售應在K Auction簽發給該競投者告知K Auction接受其競投的發票時發生,該發票列有買家買人的拍賣品、成交價、買方支付的酬金,稅及/或買家應支付給K Auction(本身及/或代表託售人)的任何買方費用。
  • 12.4 本拍賣條款中的第1, 2, 3, 6, 7.2, 7.3, 7.6至7.9, 7.11, 7.12, 8, 9, 10,2至10.9, 11, 13至19和重要事項內相關的條款根據本12條(如適用)和必須的更改應適用在任何拍賣後銷售品的銷售。

13 無陳述,保證與責任

  • 13.1 託售人及/或競投者同意並確認,有關任何拍賣品的所有說明,包括但不限於K Auction的拍賣圖錄及/或其他地方中有關作者、名稱、媒介及/或尺寸大小等,無論是書面的或由K Auction、其董事、高級職員、員工和/或代理及/或賣家任何時候的口頭說明均屬意見的闡述而非事實說明。在法律允許的範圍內,且除了本13條,第14條及/或第15條明確規定的其他例外情況外,明確屏除一切有關任何拍賣品的所有陳述、保證、條件,擔保及規定,無論是明示或暗示的、法律規定的、一般慣例或其他,包括但不限於有關拍賣品的保證,對所有權的條件,處置權,不受干擾榷,無產權負擔,具有可銷售或令人滿意的質量、適合特定用途、貨品說明,尺寸、質量、署名、真確性、媒介或出處起源或是否該拍賣品受任何版權限制和/或託售人及/或買家是否取得該拍賣品版權等的保證或條件。
  • 13.2 在法律允許的範圍內,無論買家是否親自參加拍賣會,所有拍賣品均應以其在出售日當天”現時”狀況出售。拍賣圖錄等上的說明有時候可能會特別提到拍賣品的瑕疵或誤差,但沒有此類說明並不表示該拍賣品沒有瑕疵或誤差。競投者應負責自行調查,並對拍賣品的狀況感到滿意,包括但不限於拍賣品的損壤及/或重整部分及拍賣圖錄或其他地方所提供的任何描迷。K Auction只有在假定競投者滿意拍賣品的狀況及有關拍賣圖錄或其他地方所提供的任何描述下才接受競投者的競投。
  • 13.3 在法律的允許範圍內且除了本拍賣條款及/或重要通知明確規定的其他例外情況,無論K Auction或賣家對託售人,競投者或買家對下列事項概不負責:
  • 13.3.1 資料的錯誤或疏忽,無論是口頭或書面的,也無論是由K Auction、其董事、高級職員、員工和/或代理及/或賣家提供的,也無論是如何造成的;
  • 13.3.2 K Auction、其董事、高級職員、員工和/或代理及/或賣家在進行任何拍賣會時的行為或疏忽及/或與出售拍賣品的任何事項有關的行為或疏忽,無論該行為或疏忽是如何造成的。

14 有限保證

  • 14.1 對任何拍賣品而言,K Auction,除非在拍賣圖盧標示不同(在相關拍賣期間,經由在拍賣會場及K Auction網站展示的任何拍賣會場注意事項的更改),保證,其拍賣圖錄根據任何拍賣品中以黑色粗體字印出的第一行標題(“標題”)(在相關拍賣期間,經由在拍賣會場及K Auction網站展示的任何拍賣會場注意事項的更改) 在相關拍賣圖錄出版日當天是真實且準確的(“有限保證”)。
  • 14.2 K Auction對違反拍賣品的有限保證不負責任,除非根據本14條買家自拍賣品售出日起(但不包括當日)三年的期間(“保證期“)期滿前向K Auction發出一份有關該拍賣品的求償信(定義於下)。
  • 14.3 受限於第14.2條,欲就任何拍賣品按該拍賣品有限保證提出求償的任何買方,(i)應自得知有可能/實際違反有限保證的情況當日(但不包括當日)起三個月內向K Auction發出一封信( “求償信” ),信中應說明該拍賣品售出日期、拍賣品編號及其在有限保證下的求償理由;及(ii)向K Auction退還與該拍賣品售出時的狀況相同的該拍賣品。
  • 14.4 如果買家與K Auction對買家按有限保證求償的理由存有爭議,K Auction可要求買家取得K Auction及買家雙方接受的兩位在此專業領域的專家書面意見,費用由買家承擔。但K Auction不受買家提供的該等書面意見的約束,並可另外自費取得該領域其他專家的意見。
  • 14.5 下列情況下,買家無權提出拍賣品有限保證下的求償:
  • 14.5.1 相關標題與該拍賣品售出時為學者或專家一般接受的意見一致;
  • 14.5.2 圖錄中的說明或拍賣會場及K Auction的網站內的注意事項指出學者或某組專家對相關標題可能持有不同意見;或
  • 14.5.3 違反有限保證與否只能經由科學過程證明(但該過程直到相關拍賣圖錄出版前未被一般接受使用),或只能經由一個在相關拍賣圖錄出版日昂貴不合理或實際不可行或可能會對拍賣品造成損害的過程予以證明。
  • 14.6 若有違反就拍賣品的有限保證的情況,K Auction將取消該拍賣品的買賣,將退還買家就該拍賣品支付的買入價。
  • 14.7 若有違反有限保證的情況,買家對K Auction及/或賣家的唯一僅有的補救辦法為取消買賣並退還買家已支付的拍賣品買入價。無論K Auction或賣家均不負責任何特殊性、間接性、後果性損失,包括但不限於獲利損失或利息損失。為了避免疑問,K Auction將無義務支付因匯率波動或其他原因而引起的任何損失。
  • 14.8 買家將不出讓或轉讓有限保證下的利益。除非買家與K Auction有書面約定,只有K Auction發票上註明的相關拍賣品的買家才有資格作出有限保證下的求償,條件是,該買家必須仍是該拍賣品的所有人,其尚未將拍賣品的任何權利轉給任何第三方。

15 有限責任

  • 15.1 在不損上述第13條及/或14條的情況下,競投者或買家就任何拍賣品根據本拍賣條款及/或重要事項出現的或與此有關的對K Auction和/或賣家提出任何求償的唯一僅有的補償為不超過該拍賣品買人價的賠償金額。無論K Auction或賣家均不負責任何特殊、間接、後果性的損失,包括但不限於獲利損失或利息損失。為避免疑問,K Auction無義務支付因匯率波動或其他原因而引起的任何利息,也無義務賠償因匯率波動或其他原因而引起的任何損失。
  • 15.2 本拍賣條款下並無任何條款排除或限制對由K Auction,其高級職員、員工、和/或代理就任和與拍賣會的行為和/或拍賣品的出售相關聯的任何作爲或不作爲引起的或與其有關的任何欺詐,死亡或人身傷害的責任。

16 拍賣條款和拍賣圖錄的修改

  • 16.1 K Auction可在任何時間全權酌情決定,修改本拍賣條款,並在從該修改生效日前7個日曆日起至該修改生效日前一個日曆日止將任何該等修改公佈在K Auction網站的首頁。
  • 16.2 K Auction可在任何時間全權酌情決定,更改拍賣圖錄等內發佈的任何信息,包括但不限於重要事項,任何該等修改將在有關拍賣期間張貼於拍賣會場或K Auction網站。

17 資料保護

  • 17.1 託售人,有意競投者、競投者及/或買家可能在與拍賣會中競投及購買拍賣品相關聯情況下被要求提供個人資料。所有個人資料可能會被使用於以下各目的:(i)所有與K Auction業務及市場推廣的管理及運作,及K Auction服務的提供有關聯的事項;(ii)將該資料傳送至韓國以內或以外的任何地方;及/或(iii)任何與符合任何法律,條例,法令或管理部門的命令有關或與其有關聯的目的。
  • 17.2 所有個人資料將被保密,但取決於任何適用法律的規定,可能會向任何以下的公司或個人披露或被其使用,不管在韓國以內或以外:(i)K Auction及/或其任何分行,附屬公司、母公司、關聯公司、或關聯方,被其控制的公司,或與K Auction有共同控制的公司(每個為“關聯方”)(共同為“集團”);(ii)集團的任何董事,高級員工,員工(僅當進行集團的業務時);(iii) 任何代理人,承包商,第三服務提供者或其他由集團批准向集團提供行政、電訊、電腦、保險、運輸或其他任何與集團業務的運作由關聯的服務的任何人仕;(iv)信用消息查問機構及在違責時的債務收取代理;(v)任何對集團負保密責任的其他人仕;及/或(vi)集團因任何法律,條例,法令或管理部門的命令的要求向其有披露責任的任何人仕。
  • 17.3 一般而言,除某些豁免事項以外,託售人、有意競投者、競投者及/或買家有權利:(i)要求查閲個人資料,而該個人資料必須於40天內提供;(ii)要求更正個人資料,而該個人資料的更改必須於40天內做出;及/或(iii)如查閱或更正的要求被拒絕或在40天內無法被編纂,被提供理由。
  • 17.4 託售人、任何查閱及/或更正有意競投者、競投者及/或買家的個人資料,或獲得K Auction的資料保護條約及實施的資訊,或者關於K Auction保存的個人資料的種類的要求,應根據第18.6條與K Auction聯絡。K Auction有權利就處理任何查閱資料的要求收取合理的費用。
  • 17.5 如該有意競投者、競投者及/或買家為公司個體,除非K Auction已獲得資料當事人對使用該資料的同意,K Auction不可使用該公司個體當事人的個人資料於任何目的上,但在收集該資料的時候該公司個體已通知資料當事人該資料被使用的自的除外,或任何與在收集該資料的時候該公司個體已通知資料當事人該資料被使用的目的有直接關係的目的也除外。通過簽署相關的申請表格,該公司有意競投者、競投者及/或買家:(i)確定已通知其資料當事人他們的個人資料有可能被使用於第17.1條列明的目的;及(ii)同意賠償K Auction任何因爲其沒有如以上(i)中通知資料當事人而令K Auction蒙受的任何損失或損害。

18 其他

  • 18.1 如果買家未於相關款項的到期日前向K Auction支付欠K Auction(本身或代託售人)的任何款項,買家須在未付的金額上支付一筆每日計算、利率為每月2%的利息(由K Auction不時全權酌情決定,從該金額到期日(不包括此日)起到該金頷及任何累計利息實際得到支付的日期(包括該日)為止。
  • 18.2 本拍賣條款及/或重要事項下的任何及所有款項均須以韓圓支付。若買家與K Auction有書面約定,同意該買家以韓圓以外的貨幣支付欠K Auction(本身及/或代表託售人)的任何金額,或同意K Auction以港幣以外的貨幣支付欠該買家的任何金額,買家應承擔K Auction轉換港幣到其他貨幣而引起的貨幣費用,包括但不限於銀行佣金和/或收費。任何貸幣兌換應使用以K Auction規定的匯率(首尔外汇中介為準)在付款當日或K Aucion定日報給K Auction的韓圓匯率,而K Auction對該匯率的匯率 具有決定性。為避免疑問,K Auction無義務賠償因匯率波動或其他原因而引起的任何損失。
  • 18.3 本拍賣條款及/或重要事項下的任何及所有款項均須按本拍賣條款及/或重要事項以清楚結算的現金或同等物支付,包括電匯、現金支票及/或銀行撥款單。就本拍賣條款及/或重要事項下的任何付款,如果付款到期日為非營業日,則緊跟的下一個營業日為付款到期日。
  • 18.4 買家應支付給K Auction的所有款項不包括任何貨物或買家支付的稅項。
    買家負責根據相關法律所要求的稅率及繳稅時問繳交該等稅款。
  • 18.5 如果經任何法院栽決本拍賣條款及/或重要事項的任何部分無效、不合法或無法執行,
    該部分可被排除,但本拍賣條款及/或重要事項的剩餘部份在法律允許的最大範圍內仍持續有效並可被執行。
  • 18.6 向K Auction發出的本拍賣條款及/或重要事項下的所有通知、請求、求償、要求及其他聯絡往來均須以書面並用英文或韓文作成,並應以親自遞送、包裹、以確認好的傳真(隨後以挂号邮件送交正本),由K Auction的回覆電郵確認收到的電子郵件(隨後以挂号邮件送交正本)或挂号邮件送交到K Auction的下列地址(在收到時視為已有效送達):

    K Auction Inc.
    135 - 896 首爾市 江南區 彥州路 172街 23(新沙洞 640-6) 藝術大廈 06017
    電話號碼:(02)3479-8888
    傳真號碼:(02)3479-8800
    電郵地址:art@k-auction.com

    向託售人者競投者和買家發出的通知應發送到其相關登記表格內註明的地址或電郵。
  • 18.7 本拍賣條款中提及的任何日期、時間及期間以及根據本拍賣條款或各方書面協議取代的任何日期、時間及期間均為本拍賣條款及重要事項中的要素。
  • 18.8 K Auction放棄或代表K Auction放棄其在本拍賣條款及/或重要事項下的任何要求或任何權利並不解除任何其他方全部履行其在本拍賣條款及/或重要事項下的其餘義務。K Auction單項或部分行使或未能或延遲行使其在本拍賣條款及/或重要事項的任何權利、權力或補救辦法或K Auction給予時間將不會損害、影響或限制K Auction在本拍賣條款及/或重要事項下的權利、權力及補救辦法,K Auction就違反本拍賣條款及/或重要事項的任何棄權也不可被當作K Auction放棄任何之後或持續違反本拍賣條款及/或重要事項的權利。
  • 18.9 按本拍賣條款不時修改的本拍賣條款及重要通知構成各方對拍賣條款標的全部協議與理解(但不包括法律隱含的任何條款,該等條款可能以合約方式予以排除),並取代各方就本拍賣條款及重要事項(按本拍賣條款不時修訂的)中的事項的任何之前的書面或口頭協議(除以託售合約書為基礎的託售人與K Auction相互之間與託售人向K Auction託售拍賣品相關的權利義務)。各方同意,沒有一方是被任何沒有明確包含在本拍賣條款及重要事項的任何陳述、保證或承諾引誘簽訂本拍賣條款及重要事項。
  • 18.10 若本拍賣條款的英文、中文及/或韓文版本間有任何不清楚或誤差之處,以韓文版為準。

19 司法管轄與管轄法律

  • 19.1 本拍賣條款受韓國法律的管轄。首爾中央法院對本拍賣條款及/或重要事項引起的或與其有關的任何爭議具有解決爭議的排他性管轄權,本拍賣條款的各方(除K Auction)應受該等法院的管轄,並不可反悔地放棄以管轄權法院地點為由或以法律程序在不便審理該程序的法院提起為由反對在該等法院進行法律程序的權利。K Auction將有權在首爾中央法院以外的任何法院提起訴訟。所有託售人,競投者及買家不可先撤銷地同意,就任何法院內提起的法律訴訟,將以傳真、親自遞送、郵寄或韓國法律、法律文件遞送地方的法律或訴訟被提起的管轄區的法律允許的其他方式,將法律文件或與該法律訴訟有關的任何其他文件,送交到K Auction知道的 託售人,競投者及買家的最後地址或任何其他經常性的地址。