We must have your signature to execute this bid.
It is requested hereby that Ravenel tenders the bid on my behalf for the following auction items within the bidding range described hereunder. I understand that Ravenel provides such bid services for the convenience of customers and Ravenel shall not be held liable for any failure to execute a bid.
If Ravenel receives more than one commission of the same bid price with regard to a particular auction item, priority will be given to the person whose bid is first received.
I understand that if my bid is successful, I shall pay the final hammer price together with the service fee and any applicable sales tax. The service fee shall be calculated as 20% of the final hammer price (not applicable to wines). For detail please refer to Articles 4. a, c and d of the Transaction Agreement to the Buyer.
(4a. The Buyer’s Premium of Each Lot Payable by the Buyer:
(1) The Buyer should pay the hammer price and, in addition, the service fee to the Company. For hammer price below TWD 32,000,000 (inclusive), the service fee should be calculated at 20% of the hammer price;
(2) For hammer price higher than TWD 32,000,000, the first TWD 32,000,000 should be calculated at 20% and the rest of the amount should be 12%.)
The bid shall be subject to the transaction agreement prescribed in the catalogue. Please note especially the limited guarantee and exclusive warrantees that may be provided for certain items.