HGK23819 MAGNIFICENT JEWELS

MAGNIFICENT JEWELS Ὶ㶦Ὓഡۢ⠣⠢㩾㨫

MAGNIFICENT JEWELS 瑰麗珠寶及翡翠首飾

T U E SDAY 2 7 M AY 202 5 AUCTION

星 期 二 2025 年 5 月 27 日 VIEWING

拍賣

Tuesday, 27 May 2025• 2025年 5月 27日（星期二） 2.00pm ( Sale 23819, Lots 1801–1930) 下午 2時（拍賣編號 23819，拍賣品編號 1801–1930）

預展

HONG KONG, 6/ F, The Henderson, 2 Murray Road, Central 香港，中環美利道 2號 The Henderson 6 樓 Wednesday, 21 May• 5月 21日（星期三） 5.00pm – 7.00pm (Private Viewing)

Location: HONG KONG, 6/ F, The Henderson, 2 Murray Road, Central 地點：香港，中環美利道 2號 The Henderson 6 樓

Thursday – Monday, 22–26 May• 5月 22至 26日（星期四至一） 10.30am – 5.30pm

Tel 電話：+ 852 2760 1766 Fax 傳真：+ 852 2760 1767

Tuesday, 27 May• 5月 27日（星期二） 10.30am – 12.00pm

HIGHLIGHTS PREVIEW

精選拍品預展

TAIPEI, Taipei Marriott Hotel

BANGKOK, Christie's Thailand

BEIJING, Christie's Beijing

台北，台北萬豪酒店

曼谷，佳士得泰國辦事處

北京，佳士得北京辦事處

Saturday – Sunday, 19–20 April 4月 19至 20日

Monday – Wednesday, 28–30 April 4月 28至 30日

Wednesday – Thursday, 7–8 May 5月 7 至 8日

（星期六至日）

（星期一至三）

（星期三至四）

11.00am – 6.00pm

10.00am – 6.00pm

10.00am – 6.00pm

SHANGHAI, Christie’s Shanghai Art Space 上海，佳士得上海藝術空間

Saturday – Sunday, 10–11 May 5月 10至 11日 （星期六至日）

10.00am – 5.00pm GENEVA, Four Seasons Hotel des Bergues 日內瓦，貝爾格四季酒店

Friday – Saturday, 9–10 May 5月 9至 10日

Sunday – Tuesday, 11–13 May 5月 11至 13日

Wednesday, 14 May 5月 14日

（星期五至六）

（星期日至二）

（星期三）

9.00am – 6.00pm

10.00am – 6.00pm

10.00am – 1.00pm

ONLINE SALE

AUCTIONEERS

網上拍賣

Magnificent Jewels Online

拍賣官

Nicola Chan • Rahul Kadakia

瑰麗珠寶及翡翠首飾：網上拍賣

19 May – 2 June 2025• 2025年 5月 19日至 6月 2日 AUCTION CODE AND NUMBER

拍賣名稱及編號

In sending Written and Telephone bids or making enquiries, this sale should be referred to as REGENT AND REGAL-23819. 在遞交書面和電話競投表格或查詢拍賣詳情時，請註明拍賣名稱及編號為 REGENT AND REGAL-23819。 CONDITIONS OF SALE – BUYING AT CHRISTIE’S

業務規定 – 買家須知

The sale for each lot is subject to the Condition of Sale, Important Notices and Explanation of Cataloguing Practice, which are set out on christies.com. Please note that the symbols and cataloguing for some lots may change before the auction. For the most up to date sale information for a lot, please see the full lot description, which can be accessed through the sale landing page on christies.com. 每件拍賣品的銷售均受 christies.com 上列出的業務規定、重要通知及目錄編列方法之說明的約束。請注意，某些拍賣品的符號和目錄 可能會在拍賣前發生變化。有關拍賣品的最新拍賣信息，請參閱 christies.com 上的拍賣登陸頁面中的完整拍賣品描述。

ENQUIRIES HK 香港： +852 2760 1766

查詢

UK 英國： +44 (0)20 7627 2707

US 美國： +1 212 703 8080

Scan to view auction details

Scan QR to access Christie’s WeChat mini program

Follow us on Instagram

掃瞄以瀏覽拍賣詳情

掃描二維碼或微信搜索 “佳士得”小程序， 查閱全球拍賣資訊

關注佳士得亞洲 Instagram賬戶 @christiesasia

CONTENTS

0

內容

Auction Information 拍賣詳情

6

Property for Sale 出售拍賣品

159

Index 索引

159

Colourless Diamond Index 鑽石索引

160

Coloured Diamond Index 彩鑽索引

161

Coloured Stone Index 寶石索引

163

Diamonds The 4 C’s 鑽石4 C’s

164

High Value Lot Pre-Registration 高額拍賣品預先登記

165

Conditions of Sale • Buying at Christie’s 業務規定·買方須知

169

Symbols used in this Catalogue 拍賣圖錄所使用符號

169

Important Notices and Explanation of Cataloguing Practice 重要通告及目錄編列方法之說明

1

WOR L DW I DE JE W E L L E RY DE PARTM ENT INTERNATIONAL TEAM

FRANÇOIS CURIEL Chairman, Europe fcuriel@christies.com +33 1 40 76 84 00

RAHUL KADAKIA International Head of Jewellery rkadakia@christies.com +1 212 636 2310

VICKIE SEK Chairman, Jewellery, Asia vsek@christies.com +852 2978 9922

JULIEN BRUNIE International Head, Private sales, Jewellery jbrunie@christies.com +33 1 40 76 83 82

MAX FAWCETT Head of Jewellery, EMEA mfawcett@christies.com +41 22 319 17 38

RONNY HSU Head of Sale, Hong Kong rhsu@christies.com +852 2978 9979

BELINDA YUEN Associate Specialist, Hong Kong byuen@christies.com +852 2978 6718

NICOLA CHAN Junior Specialist, Hong Kong nchan@christies.com +852 2978 9928

DOMINIQUE LAU Junior Specialist, Hong Kong dlau@christies.com +852 2978 5375

CAROLINE LIANG Senior Specialist, Shanghai cliang@christies.com +86 212 226 1520

JACQUELINE DISANTE Head of Sale, New York jdisante@christies.com +1 212 636 2316

ALEXANDER EBLEN Senior Specialist, New York aeblen@christies.com +1 212 636 2303

LAUREN FRIEDLANDER Junior Specialist, New York lfriedlander@christies.com +1 212 636 2318

LISA HUBBARD Senior Advisor, Los Angeles lhubbard@christies.com +1 310 385 2624

KELSEY KALAW Associate Specialist, New York kkalaw@christies.com +1 212 636 2319

JIMIN KIM Junior Specialist jiminkim@christies.com +1 212 636 2307

AMANDA MILLER Junior Specialist, New York amiller@christies.com +1 212 636 2317

CLAIBOURNE POINDEXTER Senior Specialist, New York cpoindexter@christies.com +1 212 636 2316

ELEANOR WALPER Specialist, Los Angeles ewalper@christies.com +1 310 385 2665

ASIA PACIFIC

KAREN AU YEUNG Senior International Specialist, Hong Kong kau-yeung@christies.com +852 2978 9921

AMERICAS

COPYRIGHT NOTICE No part of this catalogue may be reproduced, stored in a retrieval system or transmitted by any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of Christie’s. © COPYRIGHT, CHRISTIE, MANSON & WOODS LTD. (2020) 2

EUROPE, MIDDLE EAST, RUSSIA AND INDIA

HENRY BAILEY Head of Department, London hbailey@christies.com +44 20 7389 2382

ANGELA BERDEN Senior Specialist, Geneva aberden@christies.com +41 22 319 17 82

LUKAS BIEHLER Senior Specialist, Geneva lbiehler@christies.com +41 22 319 17 47

LEO CRIACO Head of Department, Milan lcriaco@christies.com +39 02 303 28 335

VIOLAINE D’ASTORG Head of Department, Paris vdastorg@christies.com +33 1 40 76 85 81

EMILIE GRIMONPREZ Senior Cataloguer, Paris egrimonprez@christies.com +331 40 76 7217

ALTHÉA HANSHAW Specialist, Geneva ahanshaw@christie.com +41 22 319 1764

ARABELLA HISCOX Specialist, London ahiscox@christies.com +44 20 7752 3208

VITTORIA LANZA Junior Specialist, Geneva vlanza@christies.com +41 22 319 17 68

BAOMING LI Specialist, Paris baomingli@christies.com +33 1 40 76 72 59

MÉLANIE MATTHES Junior Specialist, Geneva mmatthes@christies.com +41 22 319 17 94

KEITH PENTON Specialist, London kpenton@christies.com +44 20 7752 3281

FREDERIK SCHWARZ Consultant, Berlin fschwarz@ christiespartners.com +49 175 524 4379

SOPHIE STEVENS Head of Department, Middle East sstevens@christies.com +44 20 7389 2455

MICHAELA SUHL Associate Specialist, London msuhl@christies.com +44 20 7389 2860

SPECIALISTS AND SERVICES FOR THIS AUCTION Specialists Jewellery and Jadeite Vickie Sek, Head of Department Tel: +852 2978 9922 Karen Au-Yeung Tel: +852 2978 9921 Ronny Hsu Tel: +852 2978 9979 Belinda Yuen Tel: +852 2978 6718 Nicola Chan Tel: +852 2978 9928 Dominique Lau Tel: +852 2978 5375

Global Managing Director Emmanuel Danan Tel: +33 1 40768350 Regional Managing Director Michelle Kim Tel: +852 2978 5342 Head of Sale Management Yvonne Yu Tel: +852 2978 9920 Sale Coordinator Dickson Leung Tel:+852 2978 5348 Fax: +852 2973 0226

Services Written and Telephone Bids & Christie’s Live Tel: +852 2978 9910 Email: bidsasia@christies.com Paddle Registration Tel: +852 2760 1766 Email: registrationasia@christies.com Auction Results HK: +852 2760 1766 UK: +44 (0)20 7627 2707 US: +1 212 703 8080 Internet: www.christies.com

Catalogues Online Lotfinder® Internet: www.christies.com Client Services Tel: +852 2760 1766 Email: infoasia@christies.com Post-Sale Services Tel: +852 2760 1766 Email: postsaleasia@christies.com Email For general enquiries about this auction, emails should be addressed to the Sale Co-ordinator(s) at hkjewels@christies.com. www.christies.com

AUTHENTICITY CERTIFICATES As certain manufacturers may not issue certificates of authenticity, Christie’s has no obligation to furnish a buyer with a certificate of authenticity from the manufacturer, except where specifically noted in the catalogue. Unless Christie’s is satisfied that it should cancel the sale in accordance with the Limited Warranty provided in the Conditions of Sale, the failure of a manufacturer to issue a certificate will not constitute grounds for cancellation of the sale. 真品證書 因有些製造商不會提供真品 證書，所以（除非佳士得在圖錄內另有特別說明），佳士得沒有義務向買家提供製造商的真品證書。除非佳士得同意其應該按業務規定內的有限保證條款取消交易，否則 不能以製造商不能提供真品證書作為取消交易的理由。

3

4

MAGNIFICENT JEWELS 瑰麗珠寶及翡翠首飾

27 MAY 2025, HONG KONG 2025 年 5 月 27 日 , 香港

1801

1803

1802

1801

1802

•1803

VAN CLEEF & ARPELS LIMITED EDITION 'PAPILLON' LACQUER, MOTHER-OF-PEARL AND DIAMOND BROOCH

VAN CLEEF & ARPELS LIMITED EDITION 'PAPILLON' LACQUER, MOTHER-OF-PEARL AND DIAMOND BROOCH

GIMEL DIAMOND/ ALEXANDRITE 'SALAMANDER' BROOCHES

Variously-coloured lacquer, variously-coloured mother-of-pearl plaques, round diamonds, gold (French marks), signed VCA, maker's mark (Junichi Hakose), numbered, green fitted Van Cleef & Arpels case

Variously-coloured lacquer, mother-of-pearl plaques, round diamonds, gold (Swiss, European Convention and French marks), signed VCA, maker's mark (Junichi Hakose), numbered, green fitted Van Cleef & Arpels case

Van Cleef & Arpels, 2019: Certificate of Authenticity

Van Cleef & Arpels, 2018: Certificate of Authenticity

HK$150,000-250,000

Size/Dimensions: 4.8 cm Gross weight: 19.8 grams

Size/Dimensions: 4.8 cm Gross weight: 20.1 grams

亞歷山大石及鑽石「Salamander」胸針各一枚， 鑲鉑金，亞歷山大石胸針 4.6 厘米及鑽石胸針 4.8 厘米 Gimel 設計

HK$100,000-200,000

US$13,000-26,000

貝母及鑽石「Papillon」胸針，配鑽石，鑲金，胸針 4.8 厘米 Van Cleef & Arpels 設計

6

HK$100,000-200,000

US$13,000-26,000

貝母及鑽石「Papillon」胸針，配鑽石，鑲金，胸針 4.8 厘米 Van Cleef & Arpels 設計

Round diamonds and alexandrites, platinum, signed Gimel (diamond brooch), maison's mark (diamond brooch), grey Gimel cases Size/Dimensions: alexandrite brooch 4.6 cm; diamond brooch 4.8 cm Gross weight: 18.4 grams US$20,000-32,000

1804

1804

CARTIER SUITE OF DIAMOND, ONYX AND EMERALD ‘PANTHÈRE DE CARTIER’ JEWELLERY Round diamonds, buff-top onyx, pear drop-shaped emeralds, gold (French marks), signed Cartier, maker's mark, numbered Size/Dimensions: necklace approximately 69.0 cm inner circumference, pendant approximately 13.5 cm; earrings 6.4 cm; US ring size 6 º Gross weight: 57.2 grams HK$160,000-250,000

US$21,000-32,000

鑽石、瑪瑙及祖母綠「Panthère de Cartier」首飾套裝，鑲金，項鍊內周長約 69.0 厘米，吊墜約 13.5 厘米， 耳環 6.4 厘米，戒指 6 º 號 Cartier 設計

7

1805

1806

1805

⊕1806

CARTIER MULTI-GEM 'PANTHÈRE DE CARTIER' PENDENT NECKLACE

BULGARI DIAMOND AND MOTHER-OF-PEARL 'SERPENTI' WRISTWATCH

Carved black ceramic, buff-top onyx, pear-shaped emerald, round diamonds, signed Cartier, gold (French marks), maker's mark, numbered

Quartz movement, mother-of-pearl plaque, round diamonds, gold (Swiss and European Convention marks), signed Bvlgari, Italian maker's mark, numbered

Size/Dimensions: necklace 78.5 cm; pendant 5.4 cm Gross weight: 98.9 grams

Size/Dimensions: case width 16.2 mm; approximately 15.0 cm inner circumference, flexible coils Gross weight: 109.1 grams

HK$180,000-280,000

US$24,000-36,000

HK$280,000-380,000 寶石「Panthère de Cartier」吊墜項鍊，鑲金，項鍊 78.5 厘米，吊墜 5.4 厘米 Cartier 設計

8

US$37,000-49,000

鑽石「Serpenti」腕錶，配貝母，鑲金，錶盤 16.2 毫米，腕錶內周長約 15.0 厘米 Bulgari 設計

1807

1808

•⊕1807

1808

CARTIER MULTI-GEM AND LACQUER 'SECRET PANDA' WRISTWATCH

CARTIER DIAMOND, ONYX AND EMERALD 'PANTHÈRE' BRACELET

Quartz movement, round diamonds, black sapphires and emeralds, lacquer, gold (Swiss and European Convention Marks), signed Cartier, maison's mark, numbered

Round diamonds, pear-shaped emeralds, fancy-shaped and buff-top onyx, gold (French marks), signed Cartier, maker's mark, numbered

Size/Dimensions: case width 16.0 mm; approximately 15.0 cm inner circumference Gross weight: 74.4 grams HK$60,000-80,000

US$7,800-10,000

Size/Dimensions: approximately 16.5 cm inner circumference, length adjustable Gross weight: 95.4 grams HK$600,000-800,000

US$78,000-100,000

鑽石、祖母綠及黑瑪瑙「Panthère」手鍊，鑲金，手鍊內周長約 16.5 厘米 Cartier 設計

寶石「Secret Panda」腕錶，鑲金，錶盤直徑 16.0 毫米，腕錶內周約 15.0 厘米 Cartier 設計

9

1809

1809

CARTIER MULTI-GEM 'PANTHÈRE DE CARTIER' PENDENT NECKLACE Round diamonds, pear-shaped emeralds, onyx plaques, platinum (French marks), signed Cartier, maker's mark, numbered, red Cartier case Size/Dimensions: necklace 43.5 cm; pendant 5.0 cm Gross weight: 72.3 grams HK$500,000-800,000 寶石「Panthère de Cartier」吊墜項鍊，鑲鉑金，項鍊 43.5 厘米，吊墜 5.0 厘米 Cartier 設計

10

US$65,000-100,000

1811

1810

1810

1811

CARTIER DIAMOND EARRINGS

CARTIER STAR SAPPHIRE AND DIAMOND RING

Round diamonds, gold (French mark), signed Cartier, numbered, maker's mark, red Cartier pouch

Double cabochon star sapphire of 10.35 carats, round diamonds, platinum, signed Cartier, numbered

Size/Dimensions: 4.1 cm Gross weight: 37.0 grams

Size/Dimensions: US ring size 5 Ω Gross weight: 14.7 grams

HK$80,000-120,000 鑽石耳環，鑲金，耳環 4.1 厘米 Cartier 設計

US$11,000-16,000

HK$150,000-250,000

US$20,000-32,000

10.35 克拉星光藍寶石戒指，配鑽石，鑲鉑金，戒指 5 Ω 號 Cartier 設計

11

1812

1813

Property of a Lady 1812

1813

CARTIER DIAMOND EARRINGS

HARRY WINSTON DIAMOND BRACELET

Round diamonds, gold (French marks), 2001, signed Cartier, numbered, red Cartier pouch

Heart-shaped diamonds, platinum and gold, maker's mark (Jacques Timey for Harry Winston)

Size/Dimensions: 3.0 cm Gross weight: 27.9 grams

Size/Dimensions: 17.5 cm Gross weight: 17.4 grams

HK$80,000-120,000 鑽石耳環，鑲金，2001，耳環 3.0 厘米 Cartier 設計

12

US$11,000-16,000

HK$450,000-650,000 心形鑽石手鍊，鑲鉑金及金，手鍊 17.5 厘米 Harry Winston 設計

US$59,000-84,000

1814

1814

CARTIER SET OF DIAMOND, SAPPHIRE AND EMERALD JEWELLERY Round diamonds and emeralds, buff-top sapphires, gold (French marks), signed Cartier, numbered, maker's marks, red Cartier pouch Size/Dimensions: earrings 3.6 cm; US ring size 5 º Gross weight: 48.2 grams HK$200,000-300,000

US$26,000-39,000

鑽石、藍寶石及祖母綠首飾套裝，鑲金，耳環 3.6 厘米，戒指 5 º 號 Cartier 設計

13

1815

1815

CARTIER SUITE OF DIAMOND ‘DOUBLE C’ JEWELLERY Round diamonds, gold (French marks), signed Cartier, numbered, maker's mark Size/Dimensions: necklace approximately 38.0 cm inner circumference; bracelet 16.8 cm; earrings 2.0 cm; US ring size 6 Ω Gross weight: 320.5 grams HK$500,000-800,000

US$65,000-100,000

鑽石 「Double C」首飾套裝，鑲金，項鍊內周長約 38.0 厘米，手鍊 16.8 厘米、耳環 2.0 厘米及戒指 6 Ω 號 Cartier 設計

14

1815

1817

1816

1816

1817

SAPPHIRE AND DIAMOND EARRINGS

RUBY AND DIAMOND EARRINGS

Thirty oval-shaped sapphires, baguette-cut and round diamonds, gold

Twelve antique cushion brilliant-cut rubies, round and pear-shaped diamonds, gold

AGL, 2024, report no. 1141517 A and B: Burma (Myanmar), no gemological evidence of heat, 28.54 carats total Size/Dimensions: 4.8 cm Gross weight: 23.2 grams HK$380,000-580,000

US$50,000-75,000

SSEF, 2024, report no. 136470: 12 rubies, Burma (Myanmar), no indications of heating, 12.36 carats total Size/Dimensions: 4.9 cm Gross weight: 24.2 grams HK$450,000-650,000

US$59,000-84,000

30 顆橢圓形緬甸天然藍寶石耳環，附 AGL，配鑽石，鑲金，耳環 4.8 厘米 12 顆枕形緬甸天然紅寶石耳環，附 SSEF，配鑽石，鑲金，耳環 4.9 厘米

16

1819 1818

•1818

1819

RUBY AND DIAMOND EARRINGS

RUBY AND DIAMOND BRACELET

Eight oval and cushion-shaped rubies, pear-shaped diamonds, gold

Fourteen oval and cushion-shaped rubies, half moon-shaped diamonds, gold

Gübelin, 2025, report no. 25031139: 8 rubies, Burma (Myanmar), no indications of heating, 16.03 carats total

Gübelin, 2025, report no. 25031138: 14 rubies, Burma (Myanmar), no indications of heating, 22.11 carats total

Size/Dimensions: 5.5 cm Gross weight: 13.1 grams

Size/Dimensions: 17.6 cm Gross weight: 29.9 grams

HK$1,800,000-2,800,000

US$240,000-360,000

8 顆橢圓形及枕形緬甸天然紅寶石耳環，附 Gübelin，配鑽石，鑲金， 耳環 5.5 厘米

HK$1,500,000-2,500,000

US$200,000-320,000

14 顆橢圓形及枕形緬甸天然紅寶石手鍊，配鑽石，鑲金，手鍊 17.6 厘米

17

(colour-change) 1820

1820

ALEXANDRITE AND DIAMOND RING Cushion-shaped alexandrite of 20.06 carats, variously-cut diamonds, gold Gübelin, 2024, report no. 24071256: 20.06 carats, Sri Lanka (Ceylon), no indications of treatment, in daylight: yellowish-green colour; in incandescent light: purplish-brown colour Size/Dimensions: US ring size 6 æ Gross weight: 17.9 grams HK$480,000-650,000

US$63,000-84,000

20.06 克拉枕形斯里蘭卡天然亞歷山大石戒指，附 Gübelin，配鑽石，鑲金，戒指 6 æ 號

18

1822

1821

1821

1822

SAPPHIRE AND DIAMOND RING

EMERALD AND DIAMOND RING

Antique cushion brilliant-cut sapphire of 17.81 carats, trilliant-cut diamonds, gold

Octagonal step-cut emerald of 10.25 carats, round diamonds, platinum and gold

SSEF, 2025, report no. 144845: 17.81 carats, Ceylon (Sri Lanka), no indications of heating

SSEF, 2025, report no. 144839: 10.25 carats, Colombia, indications of clarity modification, moderate amount of artificial resin in fissures

Size/Dimensions: US ring size 6 Ω Gross weight: 9.7 grams

Size/Dimensions: US ring size 6 Gross weight: 14.0 grams

HK$380,000-580,000

US$50,000-75,000

17.81 克拉枕形斯里蘭卡天然藍寶石戒指， 附 SSEF，配鑽石，鑲金， 戒指 6 Ω 號

HK$500,000-800,000

US$65,000-100,000

10.25 克拉長方形哥倫比亞祖母綠戒指，附 SSEF，配鑽石，鑲鉑金及金， 戒指 6 號

19

1823

1824

•1823

•1824

COLOURED SAPPHIRE AND DIAMOND RING

AN IMPORTANT SAPPHIRE AND DIAMOND BROOCH

Oval modified mixed-cut pink sapphire of 7.03 carats, round and oval-shaped diamonds, gold

Cushion mixed-cut sapphire of 5.24 carats, round and old-cut diamonds

AGL, 2018, report no. 1095830: 7.03 carats, Madagascar, no gemological evidence of heat, no clarity enhancement Size/Dimensions: US ring size 6 Gross weight: 8.0 grams Please note that the AGL report is over 5 years old and may require an update.

HK$280,000-380,000

US$37,000-49,000

SSEF, 2025, report no. 145869: 5.24 carats, Kashmir, no indications of heating Gübelin, 2021, report no. 21021102: 5.24 carats, Kashmir, no indications of heating AGL, 2018, report no. 1094712: 5.24 carats, Kashmir, heat enhancement: none Size/Dimensions: 7.9 cm Gross weight: 38.2 grams Please note that the AGL report is over 5 years old and may require an update.

HK$2,500,000-3,500,000

7.03 克拉橢圓形馬達加斯加天然粉紅色藍寶石戒指，附 AGL，配鑽石，鑲金， 戒指 6 號

20

US$330,000-450,000

5.24 克拉枕形喀什米爾天然藍寶石胸針，附 SSEF、Gübelin 及 AGL，配鑽石， 胸針 7.9 厘米

1825

Property of a Lady 1825

AN EDWARDIAN SAPPHIRE AND DIAMOND RING Oval cabochon sapphire of 32.13 carats, round diamonds, platinum, circa 1900 Gübelin, 2025, report no. 25031162: 32.13 carats, Burma (Myanmar), no indications of heating Size/Dimensions: US ring size 5 Ω Gross weight: 10.5 grams HK$600,000-800,000

US$78,000-100,000

32.13 克拉緬甸天然藍寶石戒指，附 Gübelin，配鑽石，鑲鉑金，約 1900，戒指 5 Ω 號

21

1826

Property of a Lady 1826

COLOURED DIAMOND EARRINGS Fancy light yellow cushion modified brilliant-cut diamond of 10.02 carats, cushion modified brilliant-cut diamond of 10.10 carats, round yellow diamonds, gold GIA, 2025, report no. 6511793848: 10.02 carats, Fancy Light Yellow colour, SI1 clarity GIA, 2025, report no. 1513793830: 10.10 carats, W to X colour, SI1 clarity, excellent polish Size/Dimensions: 3.6 cm Gross weight: 16.0 grams Please note that the smaller coloured diamonds have not been tested for natural colour.

HK$480,000-680,000

US$63,000-88,000

10.02 克拉枕形淡黄色 SI1 鑽石 及 10.10 克拉枕形 W -X / SI1 (極優打磨)耳環，附 GIA ，配有色鑽石，鑲金， 耳環 3.6 厘米

22

1827

Property of a Lady 1827

COLOURED DIAMOND AND DIAMOND NECKLACE Variously-coloured and cut diamonds of 12.05, 10.39, 10.08, 10.04 and 5.01 carats, variously-coloured and cut diamonds, gold 6 GIA, 2018 to 2021: 12.05 to 5.01 carats, Fancy Brownish Greenish Yellow colour, Fancy Brown-Greenish Yellow colour and Fancy Gray-Greenish Yellow colour, VS2 to I2 clarity Size/Dimensions: necklace 47.0 cm; pendant 6.5 cm Gross weight: 103.6 grams Please note that the smaller coloured diamonds have not been tested for natural colour.

Please note that 5 GIA reports are over 5 years old and would require updates.

HK$800,000-1,200,000

US$110,000-160,000

12.05 至 5.01 克拉有色鑽石吊墜項鍊，附 GIA，配有色鑽石及鑽石，項鍊 47.0 厘米，吊墜 6.5 厘米

23

1829

1828

Property of a Gentleman

Property of a Gentleman

1828

1829

DIAMOND RING

DIAMOND RING

Cut-cornered rectangular step-cut diamond of 14.39 carats, round diamonds, gold

Emerald-cut diamond of 15.74 carats, square-cut diamonds, gold

GIA, 2025, report no. 1236531203: 14.39 carats, W to X range colour, SI1 clarity

GIA, 2024, report no. 6234385190: 15.74 carats, K colour, Internally Flawless clarity

Size/Dimensions: US ring size 6 º Gross weight: 10.3 grams

Size/Dimensions: US ring size 9 Ω Gross weight: 37.8 grams

HK$300,000-500,000

US$39,000-65,000

14.39 克拉長方形 W-X/ SI1 鑽石戒指，附 GIA，配鑽石，鑲金，戒指 6 º 號

24

HK$400,000-600,000

US$52,000-78,000

15.74 克拉長方形 K/ IF 鑽石戒指，附 GIA，配鑽石，鑲金，戒指 9 Ω 號

1831

1830

Property of a Gentleman

Property of a Gentleman

1830

1831

DIAMOND AND SAPPHIRE RING

DIAMOND RING

Square modified brilliant-cut diamond of 14.30 carats, round diamonds, square-shaped sapphires, gold

Round brilliant-cut of 15.64 carats, round diamonds, gold

GIA, 2024, report no. 5234384963: 14.30 carats, L colour, VS1 clarity

GIA, 2024, report no. 7235384957: 15.64 carats, J colour, VS2 clarity, excellent polish and symmetry

Size/Dimensions: US ring size 8 æ Gross weight: 43.5 grams

Size/Dimensions: US ring size 9 º Gross weight: 24.7 grams

HK$400,000-600,000

US$52,000-78,000

14.30 克拉方形 L/ VS1 鑽石戒指，附 GIA，配鑽石及藍寶石，鑲金，戒指 8 æ 號

HK$600,000-800,000

US$78,000-100,000

15.64 克拉圓形 J/ VS2 (極優打磨及比例) 鑽石戒指，附 GIA，配鑽石，鑲金， 戒指 9 º 號

25

1834 1832

1833

•1832

1833

•1834

COLOURED DIAMOND AND DIAMOND RING

DIAMOND RING

DIAMOND RING, MOUNT BY TIFFANY & CO.

Round brilliant-cut diamond of 8.49 carats, platinum

Round brilliant-cut diamond of 5.28 carats, tapered baguette-cut diamonds, platinum, signed Tiffany & Co., blue Tiffany & Co. case

Fancy vivid orange-yellow pear brilliant-cut diamond of 3.00 carats, oval-shaped rose-cut and round diamonds, round pink diamonds, gold GIA, 2016, report no. 1228180945: 3.00 carats, Fancy Vivid Orange-Yellow colour, SI2 clarity Size/Dimensions: US ring size 6 Gross weight: 8.1 grams Please note that the smaller pink diamonds have not been tested for natural colour.

Please note that GIA report is over 5 years and may require an update.

HK$480,000-680,000

US$63,000-88,000

3.00 克拉梨形豔彩橘黃色 SI2 鑽石戒指，附 GIA， 配鑽石及有色鑽石，戒指 6 號

26

GIA, 2025, report no. 6511497985: 8.49 carats, G colour, VVS2 clarity, excellent symmetry Size/Dimensions: US ring size 6 Gross weight: 11.3 grams HK$600,000-800,000 US$78,000-100,000 8.49 克拉圓形 G/ VVS2 (極優比例) 鑽石戒指， 附 GIA，鑲鉑金，戒指 6 號

GIA, 2024, report no. 5234250265: 5.28 carats, D colour, Flawless clarity, excellent cut, polish and symmetry Size/Dimensions: US ring size 5 º Gross weight: 8.0 grams HK$1,500,000-2,500,000

US$200,000-320,000

5.28 克拉圓形 D/FL (極優切割、打磨及比例) 鑽石戒指， 附 GIA，鑲鉑金，戒指 5 º 號 Tiffany & Co. 鑲嵌

1836

1835

Property of a Lady 1835

1836

DIAMOND EARRINGS

DIAMOND PENDENT EARRINGS

Fancy and single-cut diamonds, gold

Pear modified brilliant-cut diamonds of 16.89 and 15.08 carats, pear brilliant-cut diamonds of 0.73, 0.72, 0.51 and 0.51 carat, pear and marquise-cut diamonds, gold

Size/Dimensions: 6.3 cm Gross weight: 21.8 grams HK$600,000-800,000 鑽石耳環，鑲金，耳環 6.3 厘米

US$78,000-100,000

GIA, 2025, report no. 1132015585: 16.89 carats, Y to Z colour, VS1 clarity GIA, 2025, report no. 5131015571: 15.08 carats, Y to Z colour, VS2 clarity 4 GIA, 2008 - 2010: 0.73 to 0.51 carat, D to E colour, VVS2 to VS1 clarity, total weight 2.47 carats Size/Dimensions: 4.3 cm Gross weight: 24.6 grams Please note that 4 GIA reports are over 5 years old and would require updates.

HK$1,400,000-2,500,000

US$190,000-320,000

16.89 及15.08 克拉梨形 Y-Z/ VS1-VS2 鑽石吊墜耳環，附 GIA，配鑽石，鑲金，耳環 4.3 厘米

27

1837

1838

•1837

•1838

COLOURED DIAMOND AND DIAMOND RING

COLOURED DIAMOND AND DIAMOND RING

Fancy deep brownish greenish yellow heart modified brilliant-cut diamond of 4.62 carats, variously-coloured pear and marquise-cut diamonds, round diamonds, gold

Light pink-brown marquise-cut diamond of 2.08 carats, variously-coloured marquise and pear-shaped diamonds, round diamonds, gold

GIA, 2018, report no. 2193569888: 4.62 carats, Fancy Deep Brownish Greenish Yellow colour, SI1 clarity, 'Chameleon' Size/Dimensions: US ring size 6 Gross weight: 8.2 grams Please note that the smaller coloured diamonds have not been tested for natural colour.

Please note that the GIA report is over 5 years old and may require an update.

HK$550,000-750,000

US$72,000-97,000

4.62 克拉心形深彩棕綠黃色 SI1 鑽石戒指，附 GIA，配有色鑽石及鑽石，鑲金， 戒指 6 號

28

GIA, 2021, report no. 1403226939: 2.08 carats, Light Pink-Brown colour, SI1 clarity Size/Dimensions: US ring size 6 Gross weight: 7.8 grams Please note that the smaller coloured diamonds have not been tested for natural colour.

HK$320,000-550,000

US$42,000-71,000

2.08 克拉欖尖形淺粉紅棕色 SI1 鑽石戒指，附 GIA，配有色鑽石及鑽石，鑲金， 戒指 6 號

1839

1839

DIAMOND RING Round brilliant-cut diamond of 15.16 carats, platinum GIA, 2025, report no. 8361582: 15.16 carats, D colour, VVS1 clarity, excellent polish and symmetry Size/Dimensions: US ring size 5 æ Gross weight: 12.0. grams HK$2,800,000-3,800,000

US$370,000-490,000

15.16 克拉圓形 D/ VVS1 鑽石 (極優打磨及比例) 戒指，附 GIA，鑲鉑金，戒指 5 æ 號

29

1840

1841

1840

•1841

DIAMOND RING

DIAMOND EARRINGS

Pear brilliant-cut diamonds of 9.00 carats, trilliant-cut diamonds, platinum

Pear brilliant-cut diamonds of 2.08 to 1.50 carat, platinum and gold

GIA, 2025, report no. 6515497947: 9.00 carats, D colour, VS1 clarity

14 GIA, 2023 -2024: 2.08 to 1.50 carat, D to G colour, VVS1 to VS1, excellent polish, 27.33 carats total

Size/Dimensions: US ring size 6 Ω Gross weight: 9.3 grams HK$800,000-1,200,000

US$110,000-160,000

Size/Dimensions: 3.0 cm Gross weight: 24.5 grams HK$1,500,000-2,500,000

US$200,000-320,000

9.00 克拉梨形 D/ VS1 鑽石戒指，附 GIA，配鑽石，鑲鉑金，戒指 6 Ω 號 2.08 至 1.50 克拉梨形 D- G/ VVS1-VS1 (極優打磨) 鑽石耳環，附 GIA，鑲鉑金 及金，耳環 3.0 厘米

30

1843

1842

Property of a Lady 1842

•1843

DIAMOND PENDENT NECKLACE

DIAMOND PENDENT NECKLACE

Marquise brilliant-cut diamond of 7.28 carats, gold

Pear brilliant-cut diamond of 10.79 carats, round diamonds, gold

GIA, 2020, report no. 10355630: 7.28 carats, D colour, Internally Flawless clarity

GIA, 2022, report no. 2221299380: 10.79 carats, D colour, VVS1 clarity, Type IIa

Size/Dimensions: 43.5 cm Gross weight: 7.1 grams

Size/Dimensions: pendant 2.2 cm, neckchain 45.5 cm Gross weight: 7.6 grams

HK$1,200,000-1,800,000

US$160,000-230,000

7.28 克拉欖尖形 D/ IF 鑽石吊墜項鍊，附 GIA，鑲金，項鍊 43.5 厘米

HK$3,800,000-5,800,000

US$500,000-750,000

10.79 克拉梨形 D/ VVS1 Type IIa 鑽石吊墜項鍊，附 GIA，配鑽石，鑲金，吊墜 2.2 厘米，項鍊 45.5 厘米

31

1844

1845

1844

1845

CINDY CHAO DIAMOND AND SAPPHIRE 'RIBBON COLLECTION' RING

CINDY CHAO DIAMOND 'RIBBON COLLECTION' EARRINGS

Oval modified brilliant-cut diamond of 1.04 carat, round diamonds and sapphires, gold, signed Cindy Chao

Emerald-cut diamonds of 1.01 and 1.01 carat, round diamonds, gold, signed Cindy Chao, numbered, black Cindy Chao case

Copy of GIA, 2013, report no. 2155384917: 1.04 carat, E colour, VVS1 clarity Cindy Chao: Certificate of Origin and Warranty

GIA, 2013, report no. 2156490552: 1.01 carat, E colour, VVS2 clarity, excellent polish GIA, 2013, report no. 2156465058: 1.01 carat, E colour, VVS2 clarity, excellent polish Cindy Chao: Certificate of Origin and Warranty

Size/Dimensions: US ring size 5 Gross weight: 16.9 grams Please note that the copy of GIA report is over 5 years old and may require an update.

HK$380,000-580,000

US$50,000-75,000

Size/Dimensions: 4.1 cm Gross weight: 17.4 grams Please note that the GIA reports are over 5 years old and would require updates.

HK$400,000-600,000

1.04 克拉橢圓形 E/ VVS1 鑽石「Ribbon Collection」戒指，附 GIA 副本，配鑽石 及藍寶石，戒指 5 號 Cindy Chao 設計

US$52,000-78,000

1.01 及 1.01 克拉長方形 E/ VVS2 (極優打磨) 鑽石「Ribbon Collection」耳環， 附 GIA，配鑽石，鑲金，耳環 4.1 厘米 Cindy Chao 設計

33

1846

1847

1846

1847

CINDY CHAO COLOURED DIAMOND AND DIAMOND 'ARCHITECTURAL COLLECTION' RING

CINDY CHAO COLOURED DIAMOND AND DIAMOND 'FOUR SEASONS COLLECTION' EARRINGS

Variously-cut yellow diamonds, round diamonds, gold, signed Cindy Chao, numbered, black Cindy Chao pouch

Rose-cut and round diamonds, round yellow diamonds, gold, signed Cindy Chao, numbered, black Cindy Chao case

Cindy Chao: Certificate of Origin and Warranty

Cindy Chao: Certificate of Origin and Warranty

Size/Dimensions: US ring size 5 Gross weight: 10.9 grams

Size/Dimensions: 3.9 cm Gross weight: 24.9 grams

Please note that the coloured diamonds have not been tested for natural colour.

Please note that the coloured diamonds have not been tested for natural colour.

HK$200,000-300,000

HK$200,000-300,000

US$26,000-39,000

有色鑽石及鑽石「Architectural Collection」戒指，鑲金，戒指 5 號 Cindy Chao 設計

34

US$26,000-39,000

有色鑽石及鑽石「 Four Seasons Collection」耳環，鑲金，耳環 3.9 厘米 Cindy Chao 設計

1848

1848

CINDY CHAO COLOURED DIAMOND AND RHODOLITE GARNET 'FOUR SEASONS COLLECTION' EARRINGS Round yellow and brown diamonds, round rhodolite garnets, gold, unsigned, black Cindy Chao pouch Cindy Chao: Certificate of Origin and Warranty Size/Dimensions: 5.0 cm Gross weight: 30.2 grams Please note that the coloured diamonds have not been tested for natural colour.

HK$150,000-250,000

US$20,000-32,000

有色鑽石及石榴石「 Four Seasons Collection」耳環，鑲金，耳環約 5.0 厘米

Cindy Chao 設計

35

1849

1849

AN IMPORTANT DIAMOND RING, BY CARTIER Oval brilliant-cut diamond of 10.01 carats, round diamonds, platinum, signed Cartier, red Cartier case GIA, 2022, report no. 5221409256: 10.01 carats, D colour, Flawless clarity, excellent polish and symmetry, Type IIa Size/Dimensions: US ring size 5 æ Gross weight: 7.5 grams HK$3,800,000-5,800,000

US$500,000-750,000

10.01 克拉橢圓形 D/ Flawless Type IIa (極優打磨及比例) 鑽石戒指，附 GIA，配鑽石，鑲鉑金，戒指 5 æ 號 Cartier 設計

36

37

1850

•1850

DIAMOND RIVIÈRE NECKLACE Seventy-five emerald-cut diamonds ranging from 3.01 to 1.00 carat, platinum and gold 75 GIA, 2023 to 2024: 3.01 to 1.00 carat, D to H colour, Flawless to VS2 clarity, 88.47 carats total Size/Dimensions: 41.7 cm Gross weight: 80.1 grams HK$2,800,000-3,800,000

US$370,000-490,000

75 顆 3.01 至 1.00 克拉長方形 D- H/ FL-VS2 鑽石項鍊，附 GIA，鑲鉑金及金，項鍊 41.7 厘米

38

1851

•1851

DIAMOND BRACELET Twenty-five square emerald-cut diamonds of 2.08 to 2.00 carats, platinum 25 GIA, 2023-2024: 2.08 to 2.00 carats, D to F colour, VVS1 to VS2 clarity, 50.38 carats total Size/Dimensions: 17.8 cm Gross weight: 35.6 grams HK$2,000,000-3,000,000

US$260,000-390,000

25 顆 2.08 至 2.00 克拉方形 D- F/ VVS1-VS2 鑽石，附 GIA，鑲鉑金，手鍊 17.8 厘米

39

1852

1852

AN IMPORTANT PAIR OF DIAMOND EARRINGS Square emerald-cut diamonds of 8.03 and 8.02 carats, gold GIA, 2024, report no. 5222937554: 8.03 carats, D colour, Flawless clarity, excellent polish GIA, 2024, report no. 6234191939: 8.02 carats, D colour, Flawless clarity, excellent polish and symmetry Size/Dimensions: 1.1 cm Gross weight: 7.5 grams HK$5,000,000-8,000,000

US$650,000-1,000,000

8.03 及 8.02 克拉方形 D/ FL (極優打磨及比例) 鑽石耳環，附 GIA，鑲金，耳環 1.1 厘米

40

41

1853

1854

•1853

1854

JADEITE HUAIGU AND DIAMOND PENDANT

JADEITE HUAIGU AND DIAMOND PENDANT

Jadeite (Fei Cui) huaigu measuring approximately 28.6 (width) and 2.0 mm (thickness) (back covered), round, heart-shaped and marquise-cut diamonds, gold

Jadeite (Fei Cui) huaigu, measuring approximately 40.0 mm (width) and 3.4 mm (thickness) (back covered), variously-cut diamonds

HK Jade & Stone Lab, 2025, report no. EXSJ 9917: natural colour Fei Cui (Jadeite Jade), without resin Size/Dimensions: 3.9 cm Gross weight: 17.2 grams HK$8,000-12,000

HK Jade & Stone Lab, 2025, report no. KJ 107619: natural colour Fei Cui (Jadeite Jade), without resin Size/Dimensions: pendant 6.0 cm Gross weight: 56.5 grams HK$15,000-25,000

US$2,000-3,200

US$1,100-1,600 天然翡翠懷古吊墜，翡翠寬度 40.0 毫米，厚度 3.4 毫米，配鑽石，吊墜 6.0 厘米

天然翡翠懷古吊墜，翡翠寬度 28.6 毫米，厚度 2.0 毫米，配鑽石，鑲金，吊墜 3.9 厘米

42

1855

1857

1856

•1855

•1856

•1857

JADEITE AND DIAMOND PENDANT/ BROOCH

JADEITE AND DIAMOND PENDANT

JADEITE AND DIAMOND PENDANT

Jadeite (Fei Cui) peapod carving measuring approximately 52.5 x 16.3 x 8.3 mm, variously-cut diamonds, gold

Jadeite (Fei Cui) peapod carving measuring approximately 52.9 x 19.8 x 7.0 mm, variously-cut diamonds, gold

HK Jade & Stone Lab, 2025, report no. EXKJ 4935: natural colour Fei Cui (Jadeite Jade), without resin

HK Jade & Stone Lab, 2025, report no. EXSJ 9902: natural colour Fei Cui (Jadeite Jade), without resin

Size/Dimensions: 6.6 cm Gross weight: 15.5 grams

Size/Dimensions: 6.5 cm Gross weight: 15.5 grams

Jadeite (Fei Cui) peapod carving measuring approximately 45.4 x 15.7 x 7.8 mm, variously-cut diamonds, gold HK Jade & Stone Lab, 2025, report no. EXSJ 9900: natural colour Fei Cui (Jadeite Jade), without resin Size/Dimensions: 5.4 cm Gross weight: 16.2 grams HK$18,000-28,000

HK$180,000-280,000

US$24,000-36,000

HK$60,000-80,000

US$7,800-10,000

US$2,400-3,600

天然翡翠吊墜/胸針，翡翠 45.4 x 15.7 x 7.8 毫米， 配鑽石，鑲金，吊墜 /胸針 5.4 厘米

天然翡翠吊墜，翡翠 52.5 x 16.3 x 8.3 毫米，配鑽石， 鑲金，吊墜 6.6 厘米

天然翡翠吊墜，翡翠 52.9 x 19.8 x 7.0 毫米，配鑽石， 鑲金，吊墜 6.5 厘米

43

1858

1859

•1858

•1859

JADEITE AND DIAMOND 'BUDDHA' PENDANT

JADEITE AND DIAMOND 'BUDDHA' PENDANT

Jadeite (Fei Cui) buddha carving measuring approximately 28.1 x 37.8 x 9.6 mm, round diamonds, gold

Jadeite (Fei Cui) buddha carving measuring approximately 43.2 x 24.4 x 16.3 mm, pear and baguette-cut diamonds, gold

HK Jade & Stone Lab, 2025, report no. EXSJ 9908: natural colour Fei Cui (Jadeite Jade), without resin

HK Jade & Stone Lab, 2025, report no. EXKJ 4936: natural colour Fei Cui (Jadeite Jade), without resin

Size/Dimensions: 4.2 cm Gross weight: 27.9 grams

Size/Dimensions: pendant 5.5 cm Gross weight: 36.1 grams

HK$20,000-30,000

US$2,600-3,900

天然翡翠「佛公」吊墜，翡翠 28.1 x 37.8 x 9.6 毫米，配鑽石，鑲金，吊墜 4.2 厘米

44

HK$50,000-80,000

US$6,500-10,000

天然翡翠「佛公」吊墜，翡翠 43.2 x 24.4 x 16.3 毫米，配鑽石，鑲金， 吊墜 5.5 厘米

1860

1860

JADEITE AND DIAMOND 'GUANYIN' PENDENT NECKLACE Jadeite (Fei Cui) guanyin carving measuring approximately 57.0 x 37.6 x 2.6 mm (back covered), ninety-six jadeite beads measuring approximately 7.5 to 5.4 mm, gold, variously-cut diamonds and round yellow diamond HK Jade & Stone Lab, 2025, report no. KJ 107752 (1-3): natural colour Fei Cui (Jadeite Jade), without resin HK Jade & Stone Lab, 2024, report no. KJ 106977: natural colour Fei Cui (Jadeite Jade), without resin Size/Dimensions: pendant 7.7 cm; necklace 61.4 cm Gross weight: 102.7 grams Please note that the yellow diamond has not been tested for natural colour.

HK$240,000-350,000

US$32,000-45,000

天然翡翠「觀音」吊墜項鍊，翡翠 57.0 x 37.6 x 2.6 毫米，96 顆翡翠玉珠 7.5 至 5.4 毫米，配鑽石，吊墜 7.7 厘米，項鍊 61.4 厘米

45

1861

Property of a Lady 1861

SUITE OF JADEITE AND DIAMOND JEWELLERY Oval jadeite (Fei Cui) cabochons, the largest measuring approximately 24.2 x 21.6 x 6.5 mm (back covered), variously-cut diamonds, gold HK Jade & Stone Lab, 2025, report no. KJ 107749: natural colour Fei Cui (Jadeite Jade), without resin HK Jade & Stone Lab, 2025, report no. KJ 107751: natural colour Fei Cui (Jadeite Jade), without resin HK Jade & Stone Lab, 2025, report no. KJ 107755 (1-3): natural colour Fei Cui (Jadeite Jade), without resin Size/Dimensions: necklace 50.5 cm; earrings 4.2 cm; US ring size 6 æ Gross weight: 184.3 grams HK$800,000-1,200,000

US$110,000-160,000

天 然翡翠蛋面 首飾 套 裝，最 大 蛋面 24.2 x 21.6 x 6.5 毫 米，配 鑽石，鑲 金，項 鍊 50.5 厘 米，耳 環 4.2 厘 米， 戒指 6 æ 號

46

1861

47

1862

1863

Property of an Important Collector

Property of an Important Collector

1862

1863

LAVENDER JADEITE AND DIAMOND EARRINGS

LAVENDER JADEITE BANGLE

Oval jadeite (Fei Cui) cabochons, the largest measuring approximately 16.2 x 19.1 x 11.0 mm, round diamonds, gold

Semi-cylindrical jadeite (Fei Cui) bangle measuring approximately 58.4 mm (inner diameter), 13.1 mm (width), and 8.1 mm (thickness)

HK Jade & Stone Lab, 2025: natural colour Fei Cui (Jadeite Jade), without resin

HK Jade & Stone Lab, 2025, report no. KJ 107756: natural colour Fei Cui (Jadeite Jade), without resin

Size/Dimensions: 2.1 cm Gross weight: 21.9 grams

Size/Dimensions: Hong Kong size 1.57, Taiwan size 18.9 Gross weight: 56.7 grams

HK$450,000-650,000

US$59,000-84,000

天然翡翠蛋面耳環，最大蛋面 16.2 x 19.1 x 11.0 毫米，配鑽石，鑲金， 耳環 2.1 厘米

48

HK$800,000-1,200,000

US$110,000-160,000

天然翡翠手鐲，手鐲內徑 58.4 毫米，闊度 13.1 毫米，厚度 8.1 毫米，香港尺寸 1.57， 台灣尺寸 18.9

1864

1864

JADEITE BANGLE Semi-cylindrical jadeite (Fei Cui) bangle, measuring approximately 54.3 mm (inner diameter), 14.9 mm (width), and 8.4 mm (thickness) HK Jade & Stone Lab, 2025, report no. 107745 : natural colour Fei Cui (Jadeite Jade), without resin Size/Dimensions: Hong Kong size 1.47, Taiwan size 17.2 Gross weight: 63.4 grams HK$6,800,000-8,800,000

US$890,000-1,100,000

天然翡翠手鐲，手鐲內徑 54.3 毫米，闊度 14.9 毫米，厚度 8.4 毫米，香港尺寸 1.47，台灣尺寸 17.2

50

51

1865

1865

JADEITE BEAD, RUBY AND DIAMOND NECKLACE Fifty-one jadeite (Fei Cui) beads measuring approximately 11.0 to 9.5 mm, round rubies, bagutte-cut diamonds, gold HK Jade & Stone Lab, 2024, report no. KJ 106988 (1-26): natural colour Fei Cui (Jadeite Jade), without resin Size/Dimensions: 53.0 cm Gross weight: 100.7 grams HK$950,000-1,500,000

US$130,000-190,000

天然翡翠珠項鍊，51 顆翡翠玉珠 11.0 至 9.5 毫米，配紅寶石及鑽石，鑲金，項鍊長度 53.0 厘米

52

53

1866

1866

CARTIER SUITE OF GOLD 'PANTHÈRE' JEWELLERY Gold (French marks), stainless steel, signed Cartier, numbered, maker's mark, red Cartier pouch Size/Dimensions: necklace approximately 36.7 cm inner circumference; bangle approximately 15.8 cm inner circumference; earrings 3.4 cm; US ring size 5 Ω Gross weight: 396.3 grams HK$150,000-250,000

US$20,000-32,000

金「Panthère」首飾套裝，項鍊內周長約 36.7 厘米，手鐲內周長約 15.8 厘米，耳環 3.4 厘米，戒指 5 Ω 號 Cartier 設計

54

1867

1867

CARTIER DIAMOND 'HORUS' NECKLACE Round diamonds, gold (French mark), signed Cartier, numbered, maker's mark Size/Dimensions: approximately 34.5 cm inner circumference Gross weight: 308.4 grams HK$150,000-250,000

US$20,000-32,000

鑽石「Horus」項鍊，鑲金，項鍊內周長約 34.5 厘米 Cartier 設計

55

1869

1868

1868

1869

CARTIER DIAMOND EARRINGS

CARTIER MULTI-GEM EARRINGS

Round diamonds, gold (French mark), signed Cartier, numbered, maker's mark, red Cartier pouch

Round diamonds, buff top emeralds, rubies and sapphires, gold (French mark), signed Cartier, numbered, maker's mark

Size/Dimensions: 3.6 cm Gross weight: 22.9 grams

Size/Dimensions: 3.5 cm Gross weight: 25.7 grams

HK$80,000-120,000 鑽石耳環， 鑲金，耳環 3.6 厘米 Cartier 設計

56

US$11,000-16,000

HK$80,000-120,000 寶石耳環，鑲金，耳環 3.5 厘米 Cartier 設計

US$11,000-16,000

1870

1870

CARTIER SET OF MULTI-GEM JEWELLERY Round rubies, emeralds, sapphires and diamonds, gold (French marks), signed Cartier, numbered, maker's mark, red Cartier pouch Size/Dimensions: earrings 3.9 cm; bangle approximately 15.7 cm inner circumference; US ring size 5 Gross weight: 146.4 grams HK$200,000-300,000

US$26,000-39,000

寶石首飾套裝，鑲金，耳環 3.9 厘米，手鐲內周長約 15.7 厘米，戒指 5 號 Cartier 設計

57

1871

1871

TIFFANY & CO. BY SCHLUMBERGER STUDIO, AMETHYST AND DIAMOND 'BIRD ON A ROCK' BROOCH Cushion-shaped amethyst of 59.13 carats, round diamonds and pink sapphire, platinum and gold, signed Tiffany & Co. Schlumberger Std., black Tiffany & Co. case Tiffany & Co., 2020: Merchandise Description Document Size/Dimensions: 5.8 cm Gross weight: 38.7 grams HK$150,000-250,000 59.13 克拉枕形紫水晶「Bird on a Rock」胸針，鑲鉑金及金，配鑽石，胸針 5.8 厘米 Tiffany & Co. by Schlumberger Studio 設計

58

US$20,000-32,000

1873

1872

1872

1873

BULGARI MULTI-GEM 'COLOR TREASURES' RING

BULGARI SAPPHIRE, EMERALD AND DIAMOND RING

Oval-cut spinel of 16.98 carats, buff-top rubellites and amethysts, round diamonds, mother of pearl plaques, gold (French mark), signed Bvlgari, maker's mark, numbered, purple Bulgari case

Oval cabochon of 9.12 carats, variously-cut emeralds and diamonds, gold, signed Bvlgari, Italian maker's mark, maison's mark

SSEF, 2025, report no. 145222: 16.98 carats, Ceylon (Sri Lanka), no indications of treatment Bvlgari Gemmological Center, 2022, report no. 269387 Size/Dimensions: US ring size 6 º Gross weight: 13.8 grams HK$200,000-300,000

Gübelin, 2025, report no. 25031161: 9.12 carats, Burma (Myanmar), no indications of heating Size/Dimensions: US ring size 6 º Gross weight: 16.3 grams HK$200,000-300,000

US$26,000-39,000

US$26,000-39,000

9.12 克拉緬甸天然藍寶石戒指，附 Gübelin，配祖母綠及鑽石，鑲金，戒指 6 º 號 Bulgari 設計

16.98 克拉橢圓形斯里蘭卡天然尖晶石「Color Treasures 」戒指，附 SSEF ，配 寶石，鑲金，戒指 6 º 號 Bulgari 設計

59

1874

Property of a Lady 1874

BULGARI SAPPHIRE, RUBY AND DIAMOND RING Antique cushion-shaped sapphire of 45.58 carats, buff-top rubies, round diamonds, gold, signed Bvlgari, maker's mark SSEF, 2021, report no.118627: Ceylon (Sri Lanka), no indications of heating Size/Dimensions: US ring size 5 º Gross weight: 25.5 grams HK$1,800,000-2,800,000

US$240,000-360,000

45.58 克拉枕形斯里蘭卡天然藍寶石戒指，附 SSEF，配紅寶石及鑽石，鑲金，戒指 5 º 號 Bulgari 設計

60

61

1875

CARTIER MULTI-GEM 'PANTHÈRE MAMAN' NECKLACE Rondelle-shaped and buff-top sapphires, round diamonds, buff-top onyx, pear-shaped emeralds, platinum (French mark), signed Cartier, maker's mark, numbered, red Cartier case Size/Dimensions: 39.3 cm Gross weight: 174.1 grams HK$1,800,000-2,800,000 藍寶石、鑽石、祖母綠及黑瑪瑙「Panthère Maman」項鍊，鑲鉑金，項鍊 39.3 厘米 Cartier 設計

62

US$240,000-360,000

1875

63

1877

1876

Property of a Lady 1876

1877

RUBY AND DIAMOND EARRINGS

AN IMPORTANT RUBY AND DIAMOND RING

Oval-cut rubies, round diamonds, gold

Cushion-shaped ruby of 5.04 carats, oval-cut rubies, round diamonds, gold

SSEF, 2025, report no. 145308: 2 rubies, Burma (Myanmar), indications of heating, minor residue in healed fissures, 6.15 carats total

SSEF, 2025, report no. 145307: 9 rubies tested (central stone 5.04 carats), Burma (Myanmar), no indications of heating, Appendix letter Gübelin, 2009, report no. 0909818 / 1 to 9: 9 rubies total weight of 9.25 carats (central stone 5.04 carats), Burma (Myanmar), no indications of heating, Appendix letter

Size/Dimensions: 3.4 cm Gross weight: 12.6 grams HK$300,000-500,000

US$39,000-65,000

2 顆橢圓形緬甸紅寶石耳環，附 SSEF ，配紅寶石及鑽石，鑲金，耳環 3.4 厘 米

Size/Dimensions: US ring size 5 æ Gross weight: 13.7 grams Please note that the Gübelin report is over 5 years old and may require an update.

HK$4,500,000-6,500,000

US$590,000-840,000

5.04 克 拉枕 形 緬甸天 然 紅 寶石戒 指，附 SSEF 及 Gübelin，配 紅 寶石及 鑽石， 鑲金，戒指 5 æ 號

64

1878

1878

AN IMPORTANT PAIR OF RUBY AND DIAMOND EARRINGS Oval-cut rubies of 5.09 and 5.02 carats, oval-shaped diamonds, gold Gübelin, 2025, report no. 25041042: 5.09 and 5.02 carats, Burma (Myanmar), no indications of heating Size/Dimensions: 2.0 cm Gross weight: 11.1 grams HK$6,500,000-9,500,000

US$850,000-1,200,000

5.09 及 5.02 橢圓形緬甸天然紅寶石耳環，附 Gübelin，配鑽石，鑲金，耳環 2.0 厘米

66

67

•1879

AN IMPORTANT RUBY AND DIAMOND NECKLACE Twenty-eight oval and cushion-shaped rubies, octagonal-cut diamonds, gold Gübelin, 2025, report no. 25031137: 28 rubies, Burma (Myanmar), no indications of heating, 56.28 carats total Size/Dimensions: 42.0 cm Gross weight: 45.6 grams HK$6,000,000-9,000,000

US$780,000-1,200,000

28 顆橢圓形及枕形緬甸天然紅寶石項鍊，附 Gübelin，配鑽石，鑲金，項鍊 42.0 厘米

68

1879

69

1881

1880

1880

1881

MULTI-GEM BROOCH

RETRO DIAMOND 'LEAF' BROOCH, BY CARTIER

Round rubies and diamonds, baguette-cut diamonds, emeralds and sapphires, gold (French marks)

Round diamonds, gold and platinum (French marks), unsigned, maker's mark, numbered, 1941s

Size/Dimensions: 5.4 cm Gross weight: 24.3 grams

Cartier, 2013, report no. GE2011-28: Certificate of Authenticity

HK$50,000-80,000 寶石胸針，鑲金，胸針 5.4 厘米

US$6,500-10,000

Size/Dimensions: 5.5 cm Gross weight: 18.4 grams HK$80,000-120,000

US$11,000-16,000

復古時期鑽石「Leaf」胸針，鑲金及鉑金，1941s，胸針 5.5 厘米 Cartier 設計

70

1882

DIAMOND NECKLACE

1882

Three old european brilliant-cut diamonds of 4.74, 3.53 and 3.20 carats, one pear brilliant-cut diamond of 2.43 carats, pear and old-cut diamonds, gold GIA, 2025 report no. 1518783934: 4.74 carats, U to V colour, VS1 clarity GIA, 2025, report no. 5221646873: 3.53 carats, Q to R colour, VS2 clarity GIA, 2025, report no. 7511648077: 3.20 carats, S to T colour, SI1 clarity GIA, 2025, report no. 6515648175: 2.43 carats, N colour, VS2 clarity Size/Dimensions: 42.9 cm Gross weight: 60.8 grams HK$880,000-1,500,000

US$120,000-190,000

3 顆 4.74 至 3.20 克拉圓形鑽石及 1 顆 2.43 克拉梨形項鍊，附 GIA，配鑽石， 鑲金，項鍊 42.9 厘米

71

1883

•~1883

CONCH PEARL, DIAMOND AND COLOURED SAPPHIRE REVERSIBLE NECKLACE Thirteen oval-shaped conch pearl beads, the largest measuring approximately 13.6 x 10.1 mm, round diamonds, oval and round coloured sapphires, gold, signed GF&F (GF&F The Haute Joaillerie) GIA, 2025, report no. 6515784237: 13 saltwater natural pearls, Aliger gigas (conch), no indications of treatment Size/Dimensions: 41.0 cm Gross weight: 71.9 grams This lot incorporates material from endangered species which could result in export restrictions.

HK$400,000-600,000

US$52,000-78,000

13 顆 天 然 海 螺 珍珠雙 面 項 鍊，海 螺 珍珠 最 大 約 13.6 x 10.1 毫 米，附 GIA ，配 鑽石及有色藍 寶石，鑲 金，項 鍊 41.0 厘 米 GF& F 設計

72

1885

1884

1886

Property of a Lady

Property of a Lady

Property of a Lady

1884

1885

1886

CARTIER LONDON NATURAL PEARL AND DIAMOND BROOCH

NATURAL PEARL AND DIAMOND EARRINGS

NATURAL PEARL AND DIAMOND PENDENT NECKLACE

Drop-shaped natural pearl measuring approximately 10.0 x 11.6 mm, variously-cut diamonds, signed Cartier London, numbered

Two button-shaped natural pearls measuring approximately 11.2 - 11.5 x 9.9 and 10.7 - 11.0 x 8.5 mm, round diamonds, platinum and gold

Four variously-shaped natural pearls, the largest measuring approximately 10.1 - 10.2 x 14.1 mm, round diamonds, gold

SSEF, 2016, report no. 87101: saltwater natural pearl, drilled

SSEF, 2010, report no. 56045: 2 button-shaped, saltwater natural pearls, half drilled

Size/Dimensions: 6.6 cm Gross weight: 14.9 grams

Size/Dimensions: 1.7 cm Gross weight: 11.8 grams

SSEF, 2014, report no. 73630: 9.037 carats, saltwater natural pearl, half drilled GIA, 2015, report no. 7192439968: 4 saltwater natural pearls, 3 partially drilled, 1 drilled, no indications of treatment

Please note that the report is over 5 years old and may require an update.

Please note that the SSEF report is over 5 years old and may require an update.

HK$150,000-250,000

HK$280,000-380,000

US$20,000-32,000

天然珍珠胸針，珍珠約 10.0 x 11.6 毫米，附 SSEF， 配鑽石，胸針 6.6 厘米 Cartier London 設計

US$37,000-49,000

天然珍珠耳環，珍珠約 11.2 - 11.5 x 9.9 及 10.7 11.0 x 8.5 毫 米，附 SSEF ，配 鑽石，鑲 鉑金 及 金， 耳 環 1.7 厘米

Size/Dimensions: necklace approximately 45.7 cm; pendant 4.4 cm, Gross weight: 7.5 grams Please note that these reports are over 5 years old and would require updates.

HK$280,000-380,000

US$37,000-49,000

天然珍珠吊墜項鍊，最大約 10.1 - 10.2 x 14.1 毫米， 附 SSEF 及 GIA，配鑽石，鑲金，項鍊 45.7 厘米， 吊墜 4.4 厘米

74

1887

Property of an Important Collector 1887

SET OF NATURAL PEARL AND DIAMOND JEWELLERY Button and slightly baroque drop-shaped natural pearls, round and old-cut diamonds SSEF, 2014, report no. 76995: 13 saltwater natural pearls GIA, 2012, report no. 1142818808: 11 saltwater natural pearls, no indications of treatment GIA, 2012, report no. 2145818550: 2 saltwater natural pearls, no indications of treatment Size/Dimensions: necklace approximately 42.9 cm; earrings 3.7 cm Gross weight: 58.8 grams Please note that the reports are over 5 years old and would require updates.

HK$680,000-880,000

US$89,000-110,000

天然珍珠首飾套裝，附 SSEF 及 GIA，配鑽石，項鍊約 42.9 厘米，耳環 4.3 厘米

75

1888

Property of an Important Collector 1888

NATURAL PEARL AND DIAMOND EARRINGS Drop-shaped natural pearls measuring approximately 11.6 - 11.7 x 16.8 and 11.3 - 11.3 x 16.5 mm, rose and old-cut diamonds SSEF, 2025, report no. 145752: two saltwater natural pearls, half-drilled, no indications of artificial colour modification Size/Dimensions: 4.9 cm Gross weight: 13.3 grams HK$680,000-880,000

US$89,000-110,000

天然珍珠耳環，珍珠約 11.6 - 11.7 x 16.8 至 11.3 - 11.3 x 16.5 毫米，配鑽石，附 SSEF，耳環 4.9 厘米

76

1889

Property of an Important Collector 1889

NATURAL PEARL AND DIAMOND NECKLACE Three hundred and eight round to roundish natural pearls measuring approximately from 10.0 to 5.1 mm, button-shaped pearl, old and single-cut diamonds, gold SSEF, 2025, report no. 145753: 308 saltwater natural pearls, drilled, Appendix letter Size/Dimensions: approximately 68.0 cm Gross weight: 138.8 grams HK$2,500,000-3,500,000

US$330,000-450,000

308 顆天然珍珠項鍊，珍珠 10.0 至 5.1 毫米，附 SSEF，配鑽石，鑲金，項鍊約 68.0 厘米

77

78

79

Property of a Lady 1890

AN ELEGANT COLOURED DIAMOND, DIAMOND AND NATURAL PEARL NECKLACE, BY CARTIER Fancy intense orangy pink pear modified brilliant-cut diamond of 4.62 carats, fancy intense pink cutcornered rectangular modified brilliant-cut diamond of 1.12 carat, variously-coloured button-shaped natural pearls, baguette and round diamonds, platinum and gold (French marks), signed Cartier, numbered, red Cartier pouch GIA, 2025, report no. 8716860: 4.62 carats, Fancy Intense Orangy Pink colour, VVS2 clarity GIA, 2025, report no. 11895571: 1.12 carat, Fancy Intense Pink colour, VVS1 clarity Size/Dimensions: 38.2 cm Gross weight: 27.1 grams HK$12,000,000-18,000,000

US$1,600,000-2,300,000

4.62 克拉梨形濃彩橘粉紅色 VVS2 鑽石及 1.12 克拉長方形濃彩粉紅色 VVS1 鑽石項鍊，附 GIA，配天然珍珠 及鑽石，鑲鉑金及金，項鍊 38.2 厘米 Cartier 設計

80

1890

81

1891

1891

A RARE DIAMOND RING Old mine brilliant-cut diamond of 6.76 carats, gold Gübelin, 2014, report no. 14020187: 6.76 carats, D colour, Internally Flawless clarity, Type IIa, ‘Golconda’, Appendix letter GIA, 2014, report no. 2155979599: 6.76 carats, D colour, Internally Flawless clarity, Type IIa Size/Dimensions: US ring size 6 Gross weight: 5.4 grams Please note that the reports are over 5 years old and would require updates.

HK$3,500,000-5,500,000

US$460,000-710,000

6.76 克拉橢圓形 D/ IF Type IIa 戈爾康達鑽石戒指，附 Gübelin 及 GIA，鑲金，戒指 6 號

82

83

1892

1893 1894

•1892

1893

•1894

JADEITE SADDLE RING

JADEITE RING

Jadeite (Fei Cui) band with a saddle top, saddle top measuring approximately 24.2 x 16.2 x 9.8 mm

Oval jadeite (Fei Cui) cabochon measuring approximately 19.3 x 14.5 x 5.0 mm, platinum

JADEITE AND DIAMOND PENDANT/ BROOCH

HK Jade & Stone Lab, 2025, report no. EXKJ 4932: natural colour Fei Cui (Jadeite Jade), without resin

HK Jade & Stone Lab, 2025, report no. EXKJ 4937: natural colour Fei Cui (Jadeite Jade), without resin

Size/Dimensions: US ring size 5 º Gross weight: 6.0 grams

Size/Dimensions: US ring size 7 Ω Gross weight: 6.7 grams

HK$50,000-80,000

HK$150,000-250,000

US$6,500-10,000

天然翡翠馬鞍戒指，馬鞍 24.2 x 16.2 x 9.8 毫米， 戒指 5 º 號

US$20,000-32,000

天然翡翠蛋面戒指，蛋面 19.3 x 14.5 x 5.0 毫米， 鑲鉑金，戒指 7 Ω 號

Carved jadeite (Fei Cui) measuring approximately 44.8 x 21.4 x 14.3 mm, variously-cut diamonds, gold HK Jade & Stone Lab, 2025, report no. EXKJ 4933: natural colour Fei Cui (Jadeite Jade), without resin Size/Dimensions: 5.6 cm Gross weight: 28.4 grams HK$150,000-250,000

US$20,000-32,000

天然翡翠胸針，翡翠 44.8 x 21.4 x 14.3 毫米，配鑽石， 鑲金，吊墜 /胸針 5.6 厘米

84

1895

1896

1895

•1896

TWO JADEITE AND DIAMOND PENDANTS

JADEITE AND DIAMOND PENDANT/ BROOCH

Carved jadeites (Fei Cui), the largest measuring approximately 47.7 x 27.8 x 7.7 mm, variously-cut diamonds, gold

Carved jadeite (Fei Cui), measuring approximately 35.8 x 26.3 x 6.4 mm, pearshaped and round diamonds, gold

HK Jade & Stone Lab, 2024, report nos. SJ 235795 and SJ 235796: natural colour Fei Cui (Jadeite Jade), without resin

HK Jade & Stone Lab, 2025, report no. EXSJ 9906: natural colour Fei Cui (Jadeite Jade), without resin

Size/Dimensions: pendants 6.1 cm and 5.9 cm Gross weight: 46.8 grams

Size/Dimensions: 4.4 cm Gross weight: 19.2 grams

HK$150,000-250,000

US$20,000-32,000

天然翡翠吊墜兩枚，最大翡翠 47.7 x 27.8 x 7.7 毫米，配鑽石，鑲金，吊墜 6.1 及 5.9 厘米

HK$20,000-30,000

US$2,600-3,900

天然翡翠吊墜 / 胸針，翡翠 35.8 x 26.3 x 6.4 毫米，配鑽石，鑲金，吊墜 4.4 厘米

85

1898

1897

1897

1898

JADEITE AND DIAMOND EARRINGS

JADEITE AND DIAMOND RING/ PENDANT

Oval jadeite (Fei Cui) cabochons, the largest measuring approximately 18.9 x 15.4 x 6.0 mm (back covered), variously-cut diamonds, gold

Oval jadeite (Fei Cui) cabochon measuring approximately 21.9 x 17.2 x 8.9 mm (back covered), variously-cut diamonds, gold

HK Jade & Stone Lab, 2024, report no. KJ 106980: natural colour Fei Cui (Jadeite Jade), without resin

HK Jade & Stone Lab, 2024, report nos. KJ 106986: natural colour Fei Cui (Jadeite Jade), without resin

Size/Dimensions: 4.1 cm Gross weight: 23.1 grams

Size/Dimensions: US ring size 7 º Gross weight: 23.8 grams

HK$200,000-300,000

US$26,000-39,000

天然翡翠蛋面耳環，最大蛋面 18.9 x 15.4 x 6.0 毫米，配鑽石，鑲金，耳環 4.1 厘米

86

HK$500,000-800,000

US$65,000-100,000

天然翡翠蛋面戒指/吊墜，蛋面 21.9 x 17.2 x 8.9 毫米，配鑽石，鑲金，戒指 7 º 號

1901

1899

1900

1899

1900

1901

JADEITE AND DIAMOND RING

JADEITE AND DIAMOND EARRINGS

JADEITE AND DIAMOND RING

Oval jadeite (Fei Cui) cabochon measuring approximately 26.0 x 20.9 x 9.8 mm, round diamonds, gold

Round jadeite (Fei Cui) cabochons, the largest cabochon measuring approximately 15.2-15.3 x 6.6 mm (back covered), round diamonds, gold

Oval jadeite (Fei Cui) cabochon measuring approximately 21.8 x 17.0 x 11.4 mm (back covered), round and square-shaped diamonds, gold

HK Jade & Stone Lab, 2025, report no. EXKJ 4938: natural colour Fei Cui (Jadeite Jade), without resin

HK Jade & Stone Lab, 2025, report no. KJ 107750: natural colour Fei Cui (Jadeite Jade), without resin

HK Jade & Stone Lab, 2024, report no. KJ 107090: natural colour Fei Cui (Jadeite Jade), without resin

Size/Dimensions: US ring size 6 Gross weight: 22.5 grams

Size/Dimensions: 4.2 cm Gross weight: 22.8 grams

Size/Dimensions: US ring size 6 Gross weight: 18.0 grams

HK$380,000-580,000

US$50,000-75,000

天然翡翠蛋面戒指，蛋面 26.0 x 20.9 x 9.6 毫米， 配鑽石，鑲金，戒指 6 號

HK$150,000-250,000

US$20,000-32,000

天然翡翠蛋面耳環，最大蛋面 15.2 - 15.3 x 6.6 毫米， 配鑽石，鑲金，耳環 4.2 厘米

HK$600,000-800,000

US$78,000-100,000

天然翡翠蛋面戒指，蛋面 21.8 x 17.0 x 11.4 毫米， 配鑽石，鑲金，戒指 6 號

87

1902

1902

AN IMPORTANT JADEITE RING Oval jadeite (Fei Cui) cabochon measuring approximately 21.3 x 20.4 x 9.6 mm, gold HK Jade & Stone Lab, 2025, report no. KJ 107747: natural colour Fei Cui (Jadeite Jade), without resin Size/Dimensions: US ring size 6 æ Gross weight: 17.5 grams HK$3,000,000-5,000,000 天然翡翠蛋面戒指，蛋面 21.3 x 20.4 x 9.6 毫米，鑲金，戒指 6 æ 號

88

US$390,000-650,000

89

1903

1903

AN IMPORTANT PAIR OF JADEITE, RUBY AND DIAMOND EARRINGS Jadeite (Fei Cui) double hoops, the largest measuring approximately 18.5 mm (diameter) and 5.1 mm (thickness), cabochon rubies, round diamonds, gold HK Jade & Stone Lab, 2025, report nos. KJ 107712: natural colour Fei Cui (Jadeite Jade), without resin Size/Dimensions: 4.4 cm Gross weight: 14.5 grams HK$2,800,000-3,800,000

US$370,000-490,000

天然翡翠雙環耳環，最大翡翠圈直徑 18.5 毫米，厚度 5.1 毫米，配紅寶石及鑽石，鑲金，耳環 4.4 厘米

90

91

92

93

Property of a Lady 1904

JADEITE BEAD AND DIAMOND NECKLACE Thirty-nine jadeite beads measuring approximately 14.8 to 10.4 mm, round diamonds, gold HK Jade & Stone Lab, 2024, report no. KJ 106987 (1-20): natural colour Fei Cui (Jadeite Jade), without resin Size/Dimensions: 54.8 cm Gross weight: 163.1 grams HK$4,000,000-6,000,000 天然翡翠珠項鍊，39 顆翡翠珠 14.8 至 10.4 毫米，配鑽石，鑲金，項鍊 54.8 厘米

94

US$520,000-780,000

1904

95

1905

1906

1905

1906

EMERALD AND DIAMOND RING

GIMEL SAPPHIRE AND DIAMOND NECKLACE

Octagonal step-cut emerald of 4.28 carats, baguette-cut diamonds, gold

Cushion-shaped sapphire of 8.12 carats, briolette-cut diamonds, platinum and gold, signed Gimel, maison's mark

SSEF, 2025, report no. 144203: 4.281 carats, Colombia, no indications of clarity modification Gübelin, 2025, report no. 25011083: 4.28 carats, Colombia, no indications of clarity enhancement Size/Dimensions: US ring size 6 Ω Gross weight: 5.9 grams HK$880,000-1,200,000

Size/Dimensions: approximately 38.0 cm Gross weight: 21.2 grams HK$180,000-280,000

US$120,000-160,000

4.28 克拉長方形哥倫比亞天然祖母綠戒指，附 SSEF 及 Gübelin，配鑽石，鑲金， 戒指 6 Ω 號

96

Gübelin, 2025, report no. 25031160: 8.12 ct, no indications of heating

US$24,000-36,000

8.12 克 拉枕 形天 然 藍 寶石 項 鍊，附 Gübelin，配 鑽石，鑲 鉑金 及金，項 鍊 約 38.0 厘 米 Gimel 設計

1907

1908

1907

1908

A RARE SAPPHIRE AND DIAMOND RING, BY TIFFANY & CO.

EMERALD AND DIAMOND RING

Oval-shaped sapphire of 5.58 carats, tapered baguette-cut diamonds, platinum, signed Tiffany & Co.

Square-cut emerald of 6.82 carats, cut-cornered trapezoid step-cut diamonds of 1.00 and 1.00 carat, platinum and gold

SSEF, 2025, report no. 145761: 5.574 carats, Kashmir, no indications of heating, 'royal blue', Appendix letter

SSEF, 2025, report no. 145760: 6.82 carats, Colombia, indications of clarity modification, minor oil in fissures SSEF, 2019, report no. 104594: 6.826 carats, Colombia, no indications of clarity modification in fissures AGL, 2019, report no. 1097510: 6.82 carats, Colombia, clarity enhancement: none GIA, 2018, report no. 1297629779: 1.00 carat, D colour, SI1 clarity GIA, 2018, report no. 2298629819: 1.00 carat, E colour, VS2 clarity, excellent polish

Size/Dimensions: US ring size 6 Gross weight: 7.3 grams HK$2,000,000-3,000,000

US$260,000-390,000

5.58 克拉橢圓形喀什米爾天然皇家藍藍寶石戒指，附 SSEF，配鑽石，鑲鉑金， 戒指 6 號 Tiffany & Co. 設計

Size/Dimensions: US ring size 5 æ Gross weight: 7.9 grams Please note that some reports are over 5 years old and would require updates.

HK$600,000-800,000

US$78,000-100,000

6.82 克拉方形哥倫比亞祖母綠戒指，附 SSEF 及 AGL，配 1.00 及 1.00 克拉 D- E/ VS2-SI1 (極優打磨) 鑽石，附 GIA，鑲鉑金及金，戒指 5 æ 號

97

1909

1910

1909

•1910

EMERALD AND DIAMOND RING

RUBY AND DIAMOND RING

Heart-shaped emerald of 3.29 carats, heart brilliant-cut diamond of 3.08 carats, tapered baguette-cut diamonds, gold

Oval-shaped ruby of 4.12 carats, oval modified brilliant-cut diamond of 5.01 carats, tapered baguette-cut diamonds, numbered

SSEF, 2025, report no. 145310: 3.295 carats, Colombia, indications of clarity modification, minor amount of artificial resin in fissures GIA, 2025, report no. 6512551432: 3.08 carats, E colour, VS1 clarity

SSEF, 2025, report no. 145872: 4.121 carats, Siam (Thailand), indications of heating, minor residue in healed fissures and cavities GIA, 2025, report no. 6515783929: 5.01 carats, H colour, SI1 clarity

Size/Dimensions: US ring size 6 Gross weight: 9.0 grams

Size/Dimensions: US ring size 5 æ Gross weight: 12.8 grams

HK$100,000-150,000

US$13,000-19,000

3.29 克拉心形哥倫比亞祖母綠及 3.08 克拉心形 E/ VS1 鑽石戒指，附 SSEF 及 GIA，配鑽石，鑲金，戒指 6 號

98

HK$350,000-500,000

US$46,000-65,000

4.12 克拉橢圓形泰國紅寶石及 5.01 克拉橢圓 H/ SI1 戒指，附 SSEF 及 GIA，配 鑽石，戒指 5 æ 號

1911

Property of a Lady 1911

SAPPHIRE AND DIAMOND RING Antique cushion brilliant-cut sapphire of 16.10 carats, round and tapered baguette-cut diamonds, gold Gübelin, 2025, report no. 25031128: 16.10 carats, Burma (Myanmar), no indications of heating, indications of minor clarity enhancement SSEF, 2008, report no. 50309: 16.100 carats, Burma (Myanmar), no indications of heating Size/Dimensions: US ring size 5 æ Gross weight: 12.5 grams Please note that the SSEF report is over 5 years old and may require an update.

HK$1,500,000-2,500,000

US$200,000-320,000

16.10 克拉枕形緬甸藍寶石戒指，附 Gübelin 及 SSEF，配鑽石，鑲金，戒指 5 æ 號

99

100

101

1912

Property of an Important Collector 1912

A RARE EMERALD AND DIAMOND EARRINGS Octagonal step-cut emeralds of 7.03 and 6.92 carats, heart brilliant-cut diamonds of 2.32 and 2.14 carats, gold SSEF, 2025, report no. 144809: 7.03 and 6.92 carats, Colombia, no indications of clarity modification in fissures 2 GIA, 1992 - 1993, report nos. 8283891 and 8321856: 2.32 and 2.14 carats, D colour, Internally Flawless clarity Size/Dimensions: 2.2 cm each Gross weight: 13.7 grams Please note that the GIA reports are over 5 years old and would require updates.

HK$5,500,000-8,500,000

US$720,000-1,100,000

7.03 及 6.92 克拉哥倫比亞天然祖母綠耳環，附 SSEF，配 2.32 及 2.14 克拉 D/IF 鑽石，附 GIA，鑲金，耳環 2.2 厘米

102

103

1913

Property of an Important Collector 1913

A SUPERB EMERALD AND DIAMOND RING Octagonal step-cut emerald of 10.35 carats, pear-shaped diamonds, platinum and gold SSEF, 2025, report no. 144810: 10.357 carats, Colombia, no indications of clarity modification in fissures, Appendix letter Size/Dimensions: US ring size 6 æ Gross weight: 17.0 grams HK$6,800,000-9,800,000

US$890,000-1,300,000

10.35 克拉長方形哥倫比亞天然祖母綠戒指，附 SSEF，配鑽石，鑲鉑金及金，戒指 6 æ 號

104

105

1914

1914

AN IMPORTANT EMERALD AND DIAMOND BRACELET Cushion-shaped emeralds, round and cushion-shaped diamonds, gold Size/Dimensions: approximately 15.6 cm inner circumference Gross weight: 70.2 grams HK$2,200,000-3,500,000 祖母綠及鑽石手鍊，鑲金，手鍊內周長約 15.6 厘米

106

US$290,000-450,000

107

1915

1915

AN EXQUISITE SET OF RUBY AND DIAMOND JEWELLERY Oval and antique cushion brilliant-cut rubies, variously-cut diamonds, gold SSEF, 2019, report no. 107798: 65 rubies, Burma (Myanmar), no indications of heating, a few rubies with minor oil in fissures, 94.75 carats total SSEF, 2019, report no. 111354: 6 rubies, Burma (Myanmar), no indications of heating, a few rubies with minor oil in fissures 27 GIA, 2015 - 2019: 3.10 to 0.88 carat, D to I colour, Internally Flawless to SI1 clarity, 36.13 carats total Size/Dimensions: necklace 40.1 cm; earrings 4.0 cm Gross weight: 71.9 grams The reports are over 5 years old and would require updates.

HK$9,800,000-15,000,000

US$1,300,000-1,900,000

橢圓形及枕形緬甸紅寶石首飾套裝，附 SSEF，配 27 顆 3.10 至 0.88 克拉 D-I/ IF-SI1 鑽石，附 GIA，配鑽石， 鑲金，項鍊 40.1 厘米，耳環 4.0 厘米

1916 - NO LOT

108

1915

109

110

111

1917

Property of a Gentleman 1917

A MAGNIFICENT SAPPHIRE AND DIAMOND RING Antique cushion brilliant-cut sapphire of 28.08 carats, round and heart-shaped diamonds, gold SSEF, 2025, report no. 145867: 28.083 carats, Burma (Myanmar), no indications of heating, 'royal blue', Appendix letter Gübelin, 2025, report no. 25031065: 28.08 carats, Burma (Myanmar), no indications of heating, 'royal blue', Appendix letter Size/Dimensions: US ring size 5 Gross weight: 12.3 grams HK$5,000,000-8,000,000

US$650,000-1,000,000

28.08 克拉枕形緬甸天然皇家藍藍寶石戒指，附 SSEF 及 Gübelin，配鑽石，鑲金，戒指 5 號

112

113

THE REGAL RUBY Of recent years, it is the Burmese ruby, so rare and sought after, that has created such fervency in auction salesrooms. It is no exaggeration when people describe Burmese rubies as mystical gemstones. Not only do Burmese rubies embody unrivalled colour, but are also increasingly rare to find on the market due to diminishing yields from the Mogok valley. In other words, to discover a ruby over 5 carats that have not undergone any thermal enhancement is exceedingly rare. And to find a 13.219 carats unheated Burmese ruby with an immensely clean crystal structure is truly one-of-a-kind.

The Regal Ruby, so unparalleled are the qualities of Burmese rubies that it has surpassed the standard by which other stones are judged. One of the main reasons is due to the high chromium content, which accounts for a very specific colour. Another factor is their natural fluorescence, which has the effect of making the stone ‘come alive’ and appear deeply illuminated. These traits when combined to perfection, produces an excellent saturated red hue. This sublime crystallisation unheated Burmese ruby is considered desirable and exquisite traits in the world of gemstones.

近年來，緬甸紅寶石的珍罕度備受市場關注，在拍賣場上受到收藏家熱烈追捧。緬甸的紅寶石的確是 驚天動地，擁有獨特的構成元素，其高含量的鉻成為判別其產地的重要標準，強烈的自然紅色熒光使 紅寶石散發出閃爍光芒和濃豔色澤，顏色和晶體的完美結合。

The Regal Ruby 紅寶石的「色彩、美態與等級皆無出其右」。不僅體現出無與倫比的緬甸紅寶石的 顏色，而且市場上的紅寶石逐漸減少。換句話說，隨著著名礦區的產量越趨減少，五克拉以上的無加 熱紅寶石在市場已是寥寥無幾。而本次在佳士得拍賣中隆重呈獻的這枚 13.219 克拉紅寶石，其頂級 的淨度、切割和晶體結構，展現出同類寶石的高尚品質，稱得上紅寶石獨一無二的珍品。

114

115

116

117

1918

Property of an Important Collector 1918

THE REGAL RUBY AN EXCEPTIONAL RUBY AND DIAMOND RING Oval brilliant-cut ruby of 13.22 carats, half-moon diamonds, gold SSEF, 2025, report no. 144808: 13.22 carats, Burma (Myanmar), no indications of heating, Appendix letter Gübelin, 2025, report no. 25027028: 13.22 carats, Burma (Myanmar), no indications of heating, Appendix letter AGL, 2013, report no. CS 56742-1: 13.22 carats, Burma (Myanmar), heating enhancement: none, Appendix letter Size/Dimensions: US ring size 6 Gross weight: 9.7 grams Please note that the AGL report is over 5 years old and may require an update.

HK$50,000,000-80,000,000

US$6,500,000-10,000,000

13.22 克拉橢圓形緬甸天然紅寶石戒指，附 SSEF、Gübelin 及 AGL，配鑽石，鑲金，戒指 6 號

118

119

1919

1920

1919

1920

COLOURED DIAMOND AND DIAMOND RING

COLOURED DIAMOND AND DIAMOND RING

Fancy vivid yellow oval modified brilliant-cut diamond of 4.01 carats, oval brilliant-cut diamond of 3.71 carats, pear-shaped diamonds, gold

Fancy vivid orangy yellow oval modified brilliant-cut diamond of 5.08 carats, rose-cut diamonds, gold, Italian maker's mark

GIA, 2023, report no. 2225873573: 4.01 carats, Fancy Vivid Yellow colour, VVS2 clarity, excellent polish GIA, 2025, report no. 2516122411: 3.71 carats, D colour, Flawless clarity, excellent polish and symmetry, Type IIa

GIA, 2025, report no. 2211018458: 5.08 carats, Fancy Vivid Orangy Yellow colour, SI1 clarity

Size/Dimensions: US ring size 6 Gross weight: 5.8 grams HK$1,380,000-2,500,000

HK$1,800,000-2,800,000 US$180,000-320,000

4.01 克拉橢圓形豔彩黃色 VVS2 (極優打磨) 及 3.71 克拉橢圓形 D/ FL Type IIa (極優打磨及比例) 鑽石戒指，附 GIA，配鑽石，鑲金，戒指 6 號

120

Size/Dimensions: US ring size 6 Ω Gross weight: 6.9 grams US$240,000-360,000

5.08 克拉橢圓形豔彩橘黃色 SI1 鑽石戒指，附 GIA，配鑽石，鑲金，戒指 6 Ω 號

121

122

1921

1921

AN IMPRESSIVE SET OF COLOURED DIAMOND AND DIAMOND JEWELLERY,

BY ASPREY Round brilliant-cut and round modified brilliant-cut fancy vivid yellow diamonds of 3.40 to 0.25 carat, round diamonds, gold, signed Asprey 51 GIA, 2022: 3.40 to 0.25 carat, Fancy Vivid Yellow colour, VVS1 to SI2 clarity, 55.25 carats total Size/Dimensions: necklace 40.3 cm; earrings 2.4 cm Gross weight: 66.5 grams HK$12,000,000-18,000,000

US$1,600,000-2,300,000

3.40 至 0.25 克拉圓形艷彩黃色 VVS2-SI2 鑽石首飾套裝，附 GIA，配鑽石，鑲金，項鍊 40.3 厘米，耳環 2.4 厘米 Asprey 設計

123

1922

1922

A RARE PAIR COLOURED DIAMOND AND DIAMOND EARRINGS Fancy vivid yellow emerald-cut diamonds of 8.88 and 8.88 carats, variously-cut diamonds, gold GIA, 2025, report no. 6233466242: 8.88 carats, Fancy Vivid Yellow colour, Internally Flawless clarity GIA, 2025, report no. 2235466238: 8.88 carats, Fancy Vivid Yellow colour, VVS1 clarity Size/Dimensions: 3.3 cm Gross weight: 10.6 grams HK$5,500,000-8,000,000

US$720,000-1,000,000

8.88 及 8.88 克拉長方形艷彩黃色 IF-VVS1 鑽石耳環，附 GIA，配鑽石，鑲金，耳環 3.3 厘米

124

125

1923 1924

Property of an Important Collector 1923

1924

A RARE COLOURED DIAMOND AND DIAMOND RING

A PAIR OF DIAMOND AND COLOURED DIAMOND EARRINGS

Fancy intense green round brilliant-cut diamond of 0.90 carat, round diamonds, platinum GIA, 2004, report no. 13336533: 0.90 carat, Fancy Intense Green colour, VS2 clarity Size/Dimensions: US ring size 5 Ω Gross weight: 8.4 grams Please note that the GIA report is over 5 years old and may require an update.

HK$600,000-800,000

US$78,000-100,000

0.90 克拉圓形濃彩綠色 VS2 鑽石戒指，附 GIA，配鑽石，鑲鉑金，戒指 5 Ω 號

Marquise brilliant-cut diamonds of 7.20 and 6.68 carats, heart brilliant-cut diamond of 2.21 carats, heart modified brilliant-cut diamond of 2.07 carats, trilliant-cut pink diamonds, gold GIA, 2023, report no. 5221819124: 7.20 carats, D colour, Internally Flawless clarity, excellent polish and symmetry GIA, 2024, report no. 5222048232: 6.68 carats, D colour, Internally Flawless clarity, excellent polish and symmetry GIA, 2023, report no. 7448116577: 2.21 carats, D colour, Internally Flawless clarity, Type IIa GIA, 2023, report no. 2447116314: 2.07 carats, D colour Internally Flawless clarity Size/Dimensions: 3.5 cm Gross weight: 9.9 grams Please note that the pink diamonds have not been tested for natural colour.

HK$3,800,000-5,800,000

US$500,000-750,000

7.20 及 6.68 克拉欖尖形 (極優打磨及比例) 及 2.21 及 2.07 克拉心形 D/ IF 鑽石 耳環，附 GIA，配有色鑽石，鑲金，耳環 3.5 厘米

126

127

128

1925

Property of a Gentleman 1925

A RARE UNMOUNTED DIAMOND Round brilliant-cut diamond of 20.02 carats GIA, 2025, report no. 5161601684: 20.02 carats, D colour, Flawless clarity, excellent cut, polish and symmetry, Type IIa HK$10,000,000-15,000,000

US$1,300,000-1,900,000

20.02 克拉圓形 D/ FL Type IIa (極優切割、打磨及比例)鑽石，附 GIA

129

130

131

1926

1926

A RARE COLOURED DIAMOND, PARAÍBA TOURMALINE AND DIAMOND RING,

BY MOUSSAIEFF Fancy purplish red emerald-cut diamond of 1.02 carat, oval-shaped paraíba tourmaline, round diamonds, signed maker's mark GIA, 2018, report no. 2115789842: 1.02 carat, Fancy Purplish Red colour, I1 clarity Size/Dimensions: US ring size 6 º Gross weight: 6.1 grams Please note that the GIA report is over 5 years old and may require an update.

HK$9,500,000-15,000,000

US$1,300,000-1,900,000

1.02 克拉長方形彩紫紅色 I1 鑽石戒指，附 GIA，配帕拉伊巴碧璽及鑽石，鑲金，戒指 6 º 號 Moussaieff 設計

132

133

134

135

1927

1927

AN EXQUISITE COLOURED DIAMOND AND DIAMOND RING Fancy deep blue pear modified brilliant-cut diamond of 3.48 carats, round pink diamonds and diamonds, gold GIA, 2025, report no. 5232465410: 3.48 carats, Fancy Deep Blue colour, Internally Flawless clarity Size/Dimensions: US ring size 6 Gross weight: 6.7 grams Please note that the pink diamonds have not been tested for natural colour.

HK$16,000,000-24,000,000 3.48 克拉梨形深彩藍色 IF 鑽石戒指，附 GIA，配有色鑽石及鑽石，鑲金，戒指 6 號

136

US$2,100,000-3,100,000

137

138

139

1928

Property of an Important Collector 1928

A SUPERB COLOURED DIAMOND AND DIAMOND RING Fancy vivid purple-pink pear brilliant-cut diamond of 4.08 carats, round diamonds, platinum GIA, 2025, report no. 13666149: 4.08 carats, Fancy Vivid Purple-Pink colour, Internally Flawless clarity Size/Dimensions: US ring size 5 º Gross weight: 7.3 grams HK$38,000,000-58,000,000

US$5,000,000-7,500,000

4.08 克拉梨形豔彩紫粉紅色 IF 鑽石戒指，附 GIA，配鑽石，鑲鉑金，戒指 5 º 號

140

141

142

143

1929

1929

AN EXCEPTIONAL PAIR OF SAPPHIRE AND DIAMOND EARRINGS Cushion-shaped sapphires of 9.18 and 8.33 carats, old european brilliant-cut diamonds of 2.21 and 2.10 carats, rose-cut and round diamonds, gold AGL, 2015, report no. CS 84348 A and B: 9.18 and 8.33 carats, Kashmir, no gemological evidence of heat, clarity enhancement: none, Jewel Folio SSEF, 2014, report no. 76091: two sapphires, (A) 9.185 carats, (B) 8.336 carats, Kashmir, no indications of heating, Appendix letter Gübelin, 2014, report no. 14067112: 9.18 carats, Kashmir, no indications of heating, information sheet Gübelin, 2014, report no. 14067113: 8.33 carats, Kashmir, no indications of heating, information sheet GIA, 2014, report no. 2165689001: 2.21 carats, D colour, VS1 clarity GIA, 2014, report no. 1162677435: 2.10 carats, E colour, VS1 clarity Size/Dimensions: 3.5 cm Gross weight: 21.4 grams Please note that the reports are over 5 years old and would require updates.

HK$18,000,000-28,000,000

US$2,400,000-3,600,000

9.18 及 8.33 克拉枕形喀什米爾天然藍寶石耳環，附 AGL、SSEF 及 Gübelin，配 2.21 及 2.10 克拉圓形 D- E/ VS1 鑽石，附 GIA，配鑽石，鑲金，耳環 3.5 厘米

144

74300684-sp

145

THE REGENT KASHMIR This highly esteemed gemstone can be found all over the world, but the finest specimens originate from the mountains of Kashmir—a remote region that defines the northernmost border between Pakistan, India, and China.

First discovered in 1881 as the chance result of a landslide, this deposit produced the majority of its production within these seven years and was found completely depicted by 1925. Production has remained non-existent ever since. The rarity of these Kashmir is evident; yet the reputation of their legendary mines endures and it is not difficult to see why.

Offered in this auction is a 35.091 carats Kashmir Royal Blue sapphire —The Regent Kashmir— an exemplary specimen of the fabled Kashmir material. The ultimate desirability of these highly esteemed creations of nature’s alchemy stems from a subtle blend of strong body colour and a poetically velvety texture. The elegant, full-bodied Royal Blue colour shows vivid saturation that does not darken the tone nor compromise the brilliance. The fact that the gemstone has been spared exposure to any treatment establishes it as completely natural, rendering it extremely exceptional and placing it in a league of its own.

藍寶石備受尊崇，產地遍布世界各地，但最優質的藍寶石產自喀什米爾山區─位處巴基斯坦、印度及 中國最北面邊界的偏遠地區。

這礦床於 1881 年因一次偶然的山崩而首度被發現，只開採了短短七年，在 1925 年之前礦源已被開採 殆盡，喀什米爾藍寶石自此停產。因此，產自喀什米爾的藍寶石非常罕有，而這傳奇礦區享譽多年，箇 中奧妙不言而喻。 這次拍賣呈獻的是一顆 35.091 克拉喀什米爾皇家藍藍寶石 – The Regent Kashmir ，是喀什米爾 傳奇藍寶石的典範。這些來自大自然的瑰寶之所以令人嚮往，是在於濃郁飽和的色彩與如絲絨般柔軟的 質地微妙融合。這顆藍寶石呈現純淨濃厚的藍色，由內透出柔和的光芒。典雅濃艷的色澤展現鮮明的 飽和度，卻沒有使寶石色調變深或影響其明亮度。這顆寶石未經任何加工處理，完全天然，品質卓越。

146

147

148

149

150

151

1930

Property of an Important Collector 1930

THE REGENT KASHMIR A SUPERB SAPPHIRE AND DIAMOND RING Antique cushion-shaped sapphire of 35.09 carats, round diamonds, platinum SSEF, 2025, report no. 144807: 35.09 carats, Kashmir, no indications of heating, 'royal blue', Appendix letter Gübelin, 2025, report no. 25027029: 35.09 carats, Kashmir, no indications of heating, 'royal blue', Appendix letter AGL, 2014, report no. CS 63856: 35.09 carats, Kashmir, no heat enhancement, no clarity enhancement Size/Dimensions: US ring size 5 (with ring sizer) Gross weight: 16.2 grams Please note that the AGL report is over 5 years old and may require an update.

HK$65,000,000-95,000,000

US$8,500,000-12,000,000

35.09 克拉枕形喀什米爾天然皇家藍藍寶石戒指，附 SSEF、Gübelin 及 AGL，配鑽石，鑲鉑金，戒指 5 號

END OF SALE

152

153

MAGNIFICENT JEWELS ONLINE HIGHLIGHTS ⦥双⤕ᄫࣿ㔖㔕介丳 ㋧̿᠂䈘ㇳ䖭

19 MAY - 2 JUNE 2025, HONG KONG 2025 ໝ 5 ᕕ 19 ᑽ⦰ 6 ᕕ 2 ᑽ , 㪁᫓

MAGNIFICENT JEWELS ONLINE HIGHLIGHTS ⦥双⤕ᄫࣿ㔖㔕介丳 ㋧̿᠂䈘ㇳ䖭 19 MAY - 2 JUNE 2025 | 5 ᕕ 19 ᑽ ⦰ 6 ᕕ2 ᑽ

•2001

•2002

2010

•2011

CARTIER ONYX, DIAMOND AND EMERALD 'PANTHÈRE DE CARTIER' PENDENT NECKLACE

CARTIER ONYX, DIAMOND AND EMERALD ‘PANTHÈRE DE CARTIER’ JABOT PIN

BULGARI DIAMOND 'SERPENTI VIPER' BRACELET

COLOURED DIAMOND AND DIAMOND RING

HK$150,000-250,000

HK$300,000-500,000

῔῅Ǐ㞼⊅ۢ⎐᣶⚷ǙPanthère de Cartierǚ⣰㖃 Cartier 〴〚

㞼⊅ǙSerpenti Viperǚᆾ㝽 Bulgari 〴〚

ᕖ⨓㞼⊅ۢ㞼⊅ᆕቋ

2012

2014

2023

2025

COLOURED DIAMOND EARRINGS

COLOURED DIAMOND AND DIAMOND EARRINGS

EMERALD AND DIAMOND RING

EMERALD AND DIAMOND RING

HK$200,000-300,000

HK$180,000-280,000

HK$120,000-180,000

HK$260,000-350,000

ᕖ⨓㞼⊅⡩‍

ᕖ⨓㞼⊅ۢ㞼⊅⡩‍

૰ᵁ⎐᣶⚷ۢ㞼⊅ᆕቋ

⎐᣶⚷ۢ㞼⊅ᆕቋ

HK$2,000,000-3,000,000

HK$400,000-600,000

῔῅Ǐ㞼⊅ۢ⎐᣶⚷ǙPanthère de Cartierǚ‫ܒ‬ઌ㦗㚶 Cartier 〴〚

156

2026

2028

2030

2034

EMERALD RING

RUBY AND DIAMOND RING

RUBY AND DIAMOND RING

HK$200,000-300,000

HK$280,000-380,000

HK$240,000-350,000

SAPPHIRE AND DIAMOND RING

⎐᣶⚷ᆕቋ

☽ഡ⊅ۢ㞼⊅ᆕቋ

૰ᵁ☽ഡ⊅ۢ㞼⊅ᆕቋ

2037

2041

2046

2048

NATURAL PEARL AND DIAMOND RING

MULTI-GEM NECKLACE

SET OF AQUAMARINE AND DIAMOND JEWELLERY

LAVENDER JADEITE BEAD AND DIAMOND NECKLACE

HK$320,000-480,000

HK$260,000-350,000

ᩄⳇഡۢ㞼⊅Ὓഡଌ⼾

૰ᵁ⠣⠢Ὓۢ㞼⊅㦗㚶

HK$200,000-300,000

HK$150,000-250,000

HK$120,000-180,000

૰ᵁⳇഡ⊅ۢ㞼⊅ᆕቋ

ഡ⊅㦗㜥 ૰ᵁὊὛۢ㞼⊅ᆕቋ

END OF SALE

157

158

INDEX A

Asprey

Cindy Chao 1921

B

G

Bulgari

Gimel

1806, 1872, 1873, 1874

1804, 1805, 1807, 1808, 1809, 1810, 1811, 1812, 1814, 1815, 1849, 1866, 1867, 1868, 1869, 1870, 1875, 1881, 1884, 1890

T

Tiffany & Co.

1835, 1871, 1907

V

1803, 1906

Van Cleef & Arpels 1801, 1802 W

M

C

Cartier

1844, 1845, 1846, 1847, 1848

Moussaieff

1926

Winston, H

1813

COLOURLESS DIAMOND INDEX LOT

WEIGHT

1891

6.76, Golconda

1925

20.02

1852

8.03 8.02

1849 1834

COLOUR

CLARITY

CUT

D

Internally Flawless (Type IIa)

Old mine

D

Flawless (Type IIa)

Round (ex cut, polish & symmetry)

D

Flawless

Square emerald (ex polish)

D

Flawless

Square emerald (ex polish & symmetry)

10.01

D

Flawless (Type IIa)

Oval (ex polish and symmetry)

3.71

D

Flawless

Round (ex cut, polish & symmetry)

1919

3.71

D

Flawless, Type IIa

Oval (ex polish & symmetry)

1850

3.01 to 1.00

D to H

Flawless to VS2

Round

1842

7.28

D

Internally Flawless

Marquise

1924

7.20

D

Internally Flawless

Marquise (ex polish & symmetry)

6.68

D

Internally Flawless

Marquise (ex polish & symmetry)

2.21

D

Internally Flawless (Type IIa)

Heart

2.07

D

Inernally Flawless

Heart

1839

15.16

D

VVS1

Round (ex polish & symmetry)

1840

9.00

D

VS1

Pear

1843

10.79

D

VVS1 (Type IIa)

Pear

1851

2.08 to 2.00

D to F

VVS1 to VS2

Square emerald

1845

1.01

E

VVS2

Emerald (ex polish)

1.01

E

VVS2

Emerald (ex polish)

1909

3.08

E

VS1

Heart

1833

8.49

G

VVS2

Round (ex symmetry)

1910

5.01

H

SI1

Oval

1831

15.64

J

VS2

Round (ex polish & symmetry)

1829

15.74

K

Internally Flawless

Emerald

1830

14.30

L

VS1

Square

1828

14.39

W to X

SI1

Cut-cornered rectangular

1826

10.10

W to X

SI1

Cushion (ex polish)

1836

16.89

Y to Z

VS1

Pear

15.08

Y to Z

VS2

Pear

159

COLOURED DIAMOND INDEX LOT

WEIGHT

COLOUR

1926

1.02

Fancy Purplish Red

I1

Emerald

1927

3.48

Fancy Deep Blue

Internally Flawless

Pear

1928

4.08

Fancy Vivid Purple Pink

Internally Flawless

Pear

1890

4.62

Fancy Intense Orangy Pink

VVS2

Pear

1.12

Fancy Intense Pink

VVS1

Cut-Cornered Rectangular

1923

0.90

Fancy Intense Green

VS2

Round

1920

5.08

Fancy Vivid Orangy Yellow

SI1

Oval

1832

3.00

Fancy Vivid Orange-Yellow

SI2

Pear

1922

8.88

Fancy Vivid Yellow

Internally Flawless

Emerald

8.88

Fancy Vivid Yellow

VVS1

Emerald

1919

4.01

Fancy Vivid Yellow

VVS2

Oval (ex polish)

1837

4.62

Fancy Deep Brownish Greenish Yellow, 'Chameleon'

SI1

Heart

1826

10.02

Fancy Light Yellow

SI

Cushion

1838

2.08

Light Pink-Brown

SI1

Marquise

160

CLARITY

CUT

COLOURED STONE INDEX RUBY LOT

WEIGHT

ORIGIN

TREATMENT

CUT

1918

13.22

Burma

No heat

Oval

1877

5.04

Burma

No heat

Cushion

1878

5.09

Burma

No heat

Cushion

5.02

Burma

No heat

Cushion

6.15 total

Burma

Heated, minor residue

Oval

Burma

Heated, minor residue

Oval

4.12

Siam (Thailand)

Heated, minor residue

Oval

LOT

WEIGHT

ORIGIN

TREATMENT

CUT

1930

35.09

Kashmir

No heat, 'royal blue'

Antique cushion-cut

1907

5.57

Kashmir

No heat, 'royal blue'

Oval

1929

9.18

Kashmir

No heat

Cushion

1824

8.33 5.24

Kashmir Kashmir

No heat No heat

Cushion Cushion

1917

28.09

Burma

No heat, 'royal blue'

Antique cushion-cut

1825

32.13

Burma

No heat

Cabochon

1911

16.10

Burma

No heat

Antique cushion-cut

1873

9.12

Burma

No heat

Sugarloaf

1874

45.62

Ceylon (Sri Lanka)

No heat

Antique cushion-cut

1821

17.81

Ceylon (Sri Lanka)

No heat

Cushion

1872

16.98

Ceylon (Sri Lanka)

No heat

Oval

1823

7.03

Madagascar

No heat

Oval

1906

8.12

No origin

No heat

Cushion

1876 1910 SAPPHIRE

161

COLOURED STONE INDEX EMERALD LOT

WEIGHT

ORIGIN

TREATMENT

CUT

1913

10.35

Colombia

No indications of clarity modification

Octagonal

1912 1905 1822 1908

7.03 6.92 4.28 10.25 6.82

Colombia Colombia Colombia Colombia Colombia

No indications of clarity modification No indications of clarity modification No indications of clarity modification Moderate amount of artificial resin Minor amount of oil

Emerald Emerald Octagonal Octagonal Square

1909

3.29

Colombia

Minor amount of artificial resin

Heart

ALEXANDRITE LOT

WEIGHT

ORIGIN

TREATMENT

CUT

1820

20.06

Ceylon (Sri Lanka)

No heat

Cushion

162

DIAMONDS • THE 4 C’S

Cut

Round Brilliant

Oval

Marquise

Pear

Heart

Emerald

Colour (G.I.A.)

D

E

F

Blue White

Ice White

Fine White

G White

H

I

Top Commercial White

Commercial White

J

K

L

Top Silver

Silver Cape

M

N

O

Light Cape

P

Q

Cape

S – Z Dark Cape

Clarity (G.I.A.)

Flawless

Very, very small Inclusions

Very small inclusions

Small inclusions

inclusion

Carat 0.01 carat 1.35 mm

0.02 carat 1.70 mm

0.03 carat 2.00 mm

0.05 carat 2.40 mm

0.10 carat 3.00 mm

0.15 carat 3.40 mm

0.20 carat 3.80 mm

0.25 carat 4.10 mm

0.30 carat 4.40 mm

0.40 carat 4.70 mm

0.50 carat 5.00 mm

0.75 carat 5.80 mm

1.00 carat 6.50 mm

2.00 carat 8.20 mm

3.00 carat 9.50 mm

4.00 carat 10.50 mm

Courtesy of Jewellers Network, the Southern African Jewellery Trade Directory, from information supplied by De Beers. www.jewellersnetwork.co.za

163

HIGH VALUE LOT PRE-REGISTRATION IF YOU ARE INTERESTED IN ANY HIGH VALUE LOT (I.E., ALL LOTS OF OUR 20TH AND 21ST CENTURY EVENING SALES AND IN RESPECT OF OTHER CATEGORIES OF LOTS, A LOT THE LOW ESTIMATE OF WHICH IS HK$8,000,000 OR ABOVE), YOU ARE INVITED TO COMPLETE THE HIGH VALUE LOT PRE-REGISTRATION. PLEASE NOTE THE POINTS BELOW IN ORDER TO ASSIST YOU WITH THE PREREGISTRATION AND PAYMENT PROCESS. •

•

•

After you have successfully registered as a bidder with Christie’s, you should complete the High Value Lot pre-registration before the date of sale through the Bid Department or on the date of sale in the High Value Lot pre-registration area.

Unless otherwise agreed by us, you will be permitted to bid for High Value Lots only if Christie’s has confirmed your payment of deposit and your completion of the High Value Lot pre-registration before the sale.

Upon the pre-registration, you should pay a deposit equivalent to the higher of HK$1,600,000, and 20% or more of the aggregate of the low estimate of all lots you intend to bid for. You will need to pay such deposit by way of wire transfer or credit card(s) acceptable to Christie’s for the prospective purchase(s). Please note that Christie’s does not

•

•

•

accept payment from third parties. This also applies to agents.

If you are not successful in any bid and do not owe Christie’s or Christie’s group of companies any debt, the deposit will be refunded to you by way of wire transfer or such other methods as determined by Christie’s. Please make sure that you provide your bank details in the pre-registration form. If you require payment other than in Hong Kong dollars, we shall charge you for any currency costs incurred and shall not be liable for any exchange rate loss.

The exchange rate as provided to us by the bank on the date of exchange is final and binding on you.

While we will arrange to refund the deposit to you within seven days after the date of sale, we do not guarantee when you will receive the payment as the time for banks to process a fund transfer or refund varies.

Upon successful pre-registration, you will be given a numbered High Value Lot paddle for identification purpose. The auctioneer will usually only accept bids made with the High Value Lot paddle or by its registered bidder.This applies to saleroom, telephone and absentee bids.

Christie’s has the right to change the High Value Lot pre-registration procedures and requirements from time to time without notice.

ENQUIRIES For further details, please contact our Client Services Department at + 852 2760 1766 or email infoasia@ christies.com.

㭙 㧎 ሠ ㇫ ި 㦠ԱⅫ〦 ଫ㟯˗ᎾⒼᇹ㭙㧎ሠ㇫ި䢮‫ڭ‬ωૈྴ̣‫ˏډ̣ۢډ‬ˠ☸ ᓑ㟢ሠ㇫̃ᆵᕖሠ㇫ި⧀Ւ͔㧛‫׆‬ሠ㇫Ωΐӱ᳦᫓໏ 8,000,000 Ԭᆘ͠˖̃ሠ㇫ި䢯䢲࿚㦚㏇ώ㭙㧎ሠ㇫ި㦠 ԱⅫ〦ǐ᳦ᑜЀ㟯˗㏇ώ㦠ԱⅫ〦͖ۢᢍᆾ❾䢲オ᧚Ⴭ͠ ˗̢㦗䣀 • ॼⅫ〦ᆓ᳦ωૈྴⒼᇹ́ૈྯ䢲㦚ᑞሠ㇫ᑽᕩ‫ע‬㐞㑁ᇹ ឳ㒴㏇ώ㭙㧎ሠ㇫ި㦠ԱⅫ〦䢲ᆘᑞሠ㇫₤ᑽྤ㭙㧎ሠ ㇫ި㦠ԱⅫ〦ⴷ㏇ώ㦠ԱⅫ〦ǐ

• 㡙㤖۷ྴᕴՌ‫ܔ܇‬Ⴭ䢲‫ۺםܫ‬⣵ᑞωૈྴ⌔ほ㟯˗ሠ㇫ ‫ע‬ຄ͖᪹Лㄗ㕹ۢ೐ᆓ㭙㧎ሠ㇫ި㦠ԱⅫ〦ྯ䢲ᑜ‫ۿ‬Ⓖ ᇹ㭙㧎ሠ㇫ިǐ • ㏇ώ㦠ԱⅫ〦ᓁ䢲㟯˗㦚͠㣌‫ٺ‬ᑜབྷᆘωૈྴ዁۫̃П ‫͖❩ڠ‬᫓໏ 1,600,000 Ԭᆘ㟯˗ᎾⒼᇹՈ㒴ሠ㇫ިΩ ΐӱ✼㧎̃ 20% ᆘ͠˖䢮͠㍨㭙⡅᳦ᬠ䢯η᳦Лㄗ㕹ǐ オ᧚Ⴭωૈྴဿ˙዁۫ⓧ˕ᑜ͖̃͞ᢍ㦗ǐ᢬̷㑗ᑞ ͞ώ́ǐ

164

• ⩮㟯˗ᕲ⣵ᆓ‫؞‬Ⓖᇹͯΰሠ㇫ި䢲ᑞωૈྴᆘωૈྴՌ ‫܇‬㢣ॲ̷ᴰͯΰᡸᢍ䢲Лㄗ㕹ഩ͠㣌‫ٺ‬ᑜབྷᆘωૈྴ᥾ ೛̃Ւ͔ᑜབྷ㐊㑰㟯˗ǐオ⌔Лᑞ㦠ԱⅫ〦⻢ᙂ˖ዠϭ 㟯˗̃㘇⻍㇔ᑃでႎǐ⩮㟯˗㦚͠᫓Ԭ͠૥ㆸ໏͖ᢍ䢲 ᕴՌ‫܇‬ഩᏻ۪ॏ⡊⁧⁥̃ㆸ໏㇉䢲᜼˙ᇥᎪᕖ㠛‫ٺ‬Դ ⵃጐǐ‫ٺ‬Դ₤૰㘇⻍ዠϭ̃‫ٺ‬ἒᅠ᳦ᕏ♲‫ٺ‬ἒ䢲˩യ㟯 ˗Փ☼ᖚ‫؝‬ǐ㢰ᵁᕴՌ‫܇‬ഩ೎኱ᑞሠ㇫ᑽᕩྯˑᑽՇ㐊 㑰Лㄗ㕹䢲Ⴅ˙‫ܔ‬㘇⻍ⴷώ‫ٺ‬ᢍᆘ㐊ᢍᆵ㣏ᓁ㟢‫܍‬ᕖກ ₢䢲ωૈྴയ㟯˗ΰᓁᏻ‫׍‬ᕖ㠛ᢍ㦗˙ηЛㄗǐ • ᆓ‫؞‬㏇ώ㦠ԱⅫ〦ྯ䢲㟯˗ഩỾⅬ㭙㧎ሠ㇫ިⒼᇹḟ䢲 ͠㇔ㄦ‫׆‬ǐሠ㇫೙ˏ⧝‫ۺ‬዁۫͠㭙㧎ሠ㇫ިⒼᇹḟᆘՒ 〼՝Ⓖᇹ́ૈη֨̃Ⓖᇹǐ᢬̷㑗ᑞሠ㇫ή਽Ǐ㣌づ ۢᕊ㤚Ⓖᇹǐ • ωૈྴᕖᡪ˙ᓁㅌᕇ㭙㧎ሠ㇫ި㦠ԱⅫ〦␙໴ۢ⿊೛⡊ ᣴ㦚η֨ͯΰ㐞≹ǐ

ᘀず ଫᢁ̞⿾でႎ䢲オ⦱㣌 + 852 2760 1766 ⧀ᕴՌ‫܇‬ೡᆮᕚ ‫ف‬㒴⢌⚊ᆘ㣌㓀⦰ infoasia@christies.comǐ

CONDITIONS OF SALE • BUYING AT CHRISTIE’S

CONDITIONS OF SALE These Conditions of Sale and the Important Notices and Explanation of Cataloguing Practice set out the terms on which we offer the lots listed in this catalogue for sale. By registering to bid and/or by bidding at auction you agree to these terms, so you should read them carefully before doing so. You will find a glossary at the end explaining the meaning of the words and expressions coloured in bold.

Unless we own a lot ( symbol), Christie’s acts as agent for the seller.

A BEFORE THE SALE 1 DESCRIPTION OF LOTS (a) Certain words used in the catalogue description have special meanings. You can find details of these on the page headed “Important Notices and Explanation of Cataloguing Practice” which forms part of these terms. You can find a key to the Symbols found next to certain catalogue entries under the section of the catalogue called “Symbols Used in this Catalogue”. (b) Our description of any lot in the catalogue, any condition report and any other statement made by us (whether orally or in writing) about any lot, including about its nature or condition, artist, period, materials, approximate dimensions or provenance are our opinion and not to be relied upon as a statement of fact.

We do not carry out in-depth research of the sort carried out by professional historians and scholars. All dimensions and weights are approximate only.

2

OUR RESPONSIBILITY FOR OUR DESCRIPTION OF LOTS We do not provide any guarantee in relation to the nature of a lot apart from our authenticity warranty contained in paragraph E2 and to the extent provided in paragraph I below.

3 CONDITION (a) The condition of lots sold in our auctions can vary widely due to factors such as age, previous damage, restoration, repair and wear and tear. Their nature means that they will rarely be in perfect condition. Lots are sold “as is” in the condition they are in at the time of the sale, without any representation or warranty or assumption of liability of any kind as to condition

by Christie’s or by the seller. (b) Any reference to condition in a catalogue entry or in a condition report will not amount to a full description of condition, and images may not show a lot clearly. Colours and shades may look different in print or on screen to how they look on physical inspection. Condition reports may be available to help you evaluate the condition of a lot. Condition reports are provided free of charge as a convenience to our buyers and are for guidance only. They offer our opinion but they may not refer to all faults, inherent defects, restoration, alteration or adaptation because our staff are not professional restorers or conservators. For that reason they are not an alternative to examining a lot in person or taking your own professional advice. It is your responsibility to ensure that you have requested, received and considered any condition report.

4 VIEWING LOTS PRE-AUCTION (a) If you are planning to bid on a lot, you should inspect it personally or through a knowledgeable representative before you make a bid to make sure that you accept the description and its condition. We recommend you get your own advice from a restorer or other professional adviser. (b) Pre-auction viewings are open to the public free of charge. Our specialists may be available to answer questions at pre-auction viewings or by appointment.

5 ESTIMATES Estimates are based on the condition, rarity, quality and provenance of the lots and on prices recently paid at auction for similar property. Estimates can change. Neither you, nor anyone else, may rely on any estimates as a prediction or guarantee of the actual selling price of a lot or its value for any other purpose. Estimates do not include the buyer’s premium or any applicable taxes. Estimates may be shown in different currencies from that of the saleroom for guidance only. The rate of exchange used in our printed catalogues is fixed at the latest practical date prior to the printing of the catalogue and may have changed by the time of our sale.

6 WITHDRAWAL Christie’s may, at its option, withdraw any lot at any time prior to or during the sale of the lot. Christie’s has no liability to you for any decision to withdraw.

7 JEWELLERY (a) Coloured gemstones (such as rubies, sapphires and emeralds) may have been treated to improve their look, through methods such as heating and oiling. These methods are accepted by the international jewellery trade but may make the gemstone less strong and/or require special care over time. (b) It will not be apparent to us whether a diamond is naturally or synthetically formed unless it has been tested by a gemmological laboratory. Where the diamond has been tested, a gemmological report will be available. (c) All types of gemstones may have been improved by some method. You may request a gemmological report for any item

which does not have a report if the request is made to us at least three weeks before the date of the auction and you pay the fee for the report. (d) Certain weights in the catalogue description are provided for guidance purposes only as they have been estimated through measurement and, as such, should not be relied upon as exact. (e) We do not obtain a gemmological report for every gemstone sold in our auctions. Where we do get gemmological reports from internationally accepted gemmological laboratories, such reports will be described in the catalogue. Reports from American gemmological laboratories will describe any improvement or treatment to the gemstone. Reports from European gemmological laboratories will describe any improvement or treatment only if we request that they do so, but will confirm when no improvement or treatment has been made. Because of differences in approach and technology, laboratories may not agree whether a particular gemstone has been treated, the amount of treatment or whether treatment is permanent. The gemmological laboratories will only report on the improvements or treatments known to the laboratories at the date of the report. We do not guarantee nor are we responsible for any report or certificate from a gemmological laboratory that may accompany a lot. (f) For jewellery sales, estimates are based on the information in any gemmological report or, if no report is available, assume that the gemstones may have been treated or enhanced.

8 WATCHES & CLOCKS (a) Almost all clocks and watches are repaired in their lifetime and may include parts which are not original. We do not give a warranty that any individual component part of any watch or clock is authentic. Watchbands described as “associated” are not part of the original watch and may not be authentic. Clocks may be sold without pendulums, weights or keys. (b) As collectors’ watches and clocks often have very fine and complex mechanisms, a general service, change of battery or further repair work may be necessary, for which you are responsible. We do not give a warranty that any watch or clock is in good working order. Certificates are not available unless described in the catalogue. (c) Most watches have been opened to find out the type and quality of movement. For that reason, watches with water resistant cases may not be waterproof and we recommend you have them checked by a competent watchmaker before use.

Important information about the sale, transport and shipping of watches and watchbands can be found in paragraph H2(g).

B REGISTERING TO BID 1 NEW BIDDERS (a) If this is your first time bidding at Christie’s or you are a returning bidder who has not bought anything from any of our salerooms within the last two years you must register at least 48 hours before an auction to give us enough time to process and approve your registration. We may, at our option, decline to permit you to register as a bidder. You will be asked for the following: (i) for individuals: Photo identification (driving licence, national identity card or passport) and, if not shown on the ID document, proof of your current address (for example, a current utility bill or bank statement); (ii) for corporate clients: Your Certificate of Incorporation or equivalent document(s) showing your name and registered address, photo ID copy of the authorized bidder, letter of authorization duly signed by legal representative and, where applicable, chopped with company stamp and together with documentary proof of directors and beneficial owners; (iii) for trusts, partnerships, offshore companies and other business structures, please contact us in advance to discuss our requirements. (b) We may also ask you to give us a financial reference and/or a deposit as a condition of allowing you to bid. For help, please contact our Client Services Department on +852 2760 1766.

2 RETURNING BIDDERS We may at our option ask you for current identification as described in paragraph B1(a) above, a financial reference or a deposit as a condition of allowing you to bid. If you have not bought anything from any of our salerooms in the last two years or if you want to spend more than on previous occasions, please contact our Bids Department on +852 2978 9910 or email to bidsasia@christies.com.

3 IF YOU FAIL TO PROVIDE THE RIGHT DOCUMENTS If in our opinion you do not satisfy our bidder identification and registration procedures including, but not limited to completing any anti-money laundering and/or anti-terrorism financing checks we may require to our satisfaction, we may refuse to register you to bid, and if you make a successful bid, we may cancel the contract for sale between you and the seller. Christie’s may, at its option, specify the type of photo identification it will accept, for the purposes of bidder identification and registration procedures.

4 BIDDING ON BEHALF OF ANOTHER PERSON (a) As authorised bidder: If you are bidding on behalf of another person who will pay Christie’s directly, that person will need to

complete the registration requirements above before you can bid, and supply a signed letter authorising you to bid for them. (b) As agent for a principal: If you register in your own name but are acting as agent for someone else (the “ultimate buyer(s)”) who will put you in funds before you pay us, you accept personal liability to pay the purchase price and all other sums due. We will require you to disclose the identity of the ultimate buyer(s) and may require you to provide documents to verify their identity in accordance with paragraph E3(b).

5 BIDDING IN PERSON If you wish to bid in the saleroom you must register for a numbered bidding paddle at least 30 minutes before the auction. For help, please contact the Client Services Department on +852 2760 1766.

6 BIDDING SERVICES The bidding services described below are a free service offered as a convenience to our clients and Christie’s is not responsible for any error (human or otherwise), omission or breakdown in providing these services. (a) Phone Bids Your request for this service must be made no later than 24 hours prior to the auction and may also be made on the Christie’s WeChat Mini Program. We will accept bids by telephone for lots only if our staff are available to take the bids. Telephone bids cannot be accepted for lots estimated below HK$30,000. If you need to bid in a language other than in English, you must arrange this well before the auction. We may record telephone bids. By bidding on the telephone, you are agreeing to us recording your conversations. You also agree that your telephone bids are governed by these Conditions of Sale. (b) Internet Bids on Christie’s LIVE™ For certain auctions we will accept bids over the Internet. To learn more, please visit https://www.christies.com/auctions/ christies-live-on-mobile. You should register at least 24 hours in advance of the sale in order to bid online with Christie’s LIVETM. As well as these Conditions of Sale, internet bids are governed by the Christie’s LIVETM terms of use which are available on www.christies.com/LiveBidding/OnlineTermsOfUse.aspx. (c) Written Bids You can find a Written Bid Form at any Christie’s office or by choosing the sale and viewing the lots online at www. christies.com or on the Christie’s WeChat Mini Program. We must receive your completed Written Bid at least 24 hours before the auction. Bids must be placed in the currency of the saleroom. The auctioneer will take reasonable steps to carry out written bids at the lowest possible price, taking into account the reserve. If you make a written bid on a lot which does not have a reserve and there is no higher bid than yours, we will bid on your behalf at around 50% of the low estimate or, if lower, the amount of your bid. If we receive written bids on a lot for identical amounts, and at the auction these are the highest bids on the lot, we will sell the lot to the bidder whose written bid we received first.

C CONDUCTING THE SALE 1 WHO CAN ENTER THE AUCTION We may, at our option, refuse admission to our premises or decline to permit participation in any auction or to reject any bid.

2 RESERVES Unless otherwise indicated, all lots are subject to a reserve. We identify lots that are offered without a reserve with the symbol • next to the lot number. The reserve cannot be more than the lot’s low estimate, unless the lot is subject to a third party guarantee and the irrevocable bid exceeds the printed low estimate. In that case, the reserve will be set at the amount of the irrevocable bid.

Lots which are subject to a third party guarantee arrangement are identified in the catalogue with the symbol º♦.

3 AUCTIONEER’S DISCRETION The auctioneer can at their sole option: (a) refuse any bid; (b) move the bidding backwards or forwards in any way they may decide, or change the order of the lots; (c) withdraw any lot; (d) divide any lot or combine any two or more lots; (e) reopen or continue the bidding even after the hammer has fallen; and (f) in the case of error or dispute related to bidding and whether during or after the auction, continue the bidding, determine the successful bidder, cancel the sale of the lot, or reoffer and resell any lot. If you believe that the auctioneer has accepted the successful bid in error, you must provide a written notice detailing your claim within 3 business days of the date of the auction. The auctioneer will consider such claim in good faith.

If the auctioneer, in the exercise of their discretion under this paragraph, decides after the auction is complete, to cancel the sale of a lot, or reoffer and resell a lot, they will notify the successful bidder no later than by the end of the 7th calendar day following the date of the auction. The auctioneer’s decision in exercise of this discretion is final. This paragraph does not in any way prejudice Christie's ability to cancel the sale of a lot

165

under any other applicable provision of these Conditions of Sale, including the rights of cancellation set forth in sections B(3), E(2)(i), F(4) and J(1).

4 BIDDING The auctioneer accepts bids from: (a) bidders in the saleroom; (b) telephone bidders, and internet bidders through Christie’s LIVE™ (as shown above in Section B6); and (c) written bids (also known as absentee bids or commission bids) left with us by a bidder before the auction.

5 BIDDING ON BEHALF OF THE SELLER The auctioneer may, at their sole option, bid on behalf of the seller up to but not including the amount of the reserve either by making consecutive bids or by making bids in response to other bidders. The auctioneer will not identify these as bids made on behalf of the seller and will not make any bid on behalf of the seller at or above the reserve. If lots are offered without reserve, the auctioneer will generally decide to open the bidding at 50% of the low estimate for the lot. If no bid is made at that level, the auctioneer may decide to go backwards at their sole option until a bid is made, and then continue up from that amount. In the event that there are no bids on a lot, the auctioneer may deem such lot unsold.

6 BID INCREMENTS Bidding generally starts below the low estimate and increases in steps (bid increments). The auctioneer will decide at their sole option where the bidding should start and the bid increments. The usual bid increments are shown for guidance only at https://www. christies.com/en/help/buying-guide-important-information/ financial-information.

7 CURRENCY CONVERTER The saleroom video screens, Christie’s LIVE™ and Christie’s website may show bids in some other major currencies from that of the saleroom. Any conversion is for guidance only and we cannot be bound by any rate of exchange used by Christie’s.

Christie’s is not responsible for any error (human or otherwise), omission or breakdown in providing these services.

8 SUCCESSFUL BIDS Unless the auctioneer decides to use their discretion as set out in paragraph C3 above, when the auctioneer’s hammer strikes, we have accepted the last bid. This means a contract for sale has been formed between the seller and the successful bidder. We will issue an invoice only to the registered bidder who made the successful bid. While we send out invoices by post and/or email after the auction, we do not accept responsibility for telling you whether or not your bid was successful. If you have bid by written bid, you should contact us by telephone or in person as soon as possible after the auction to get details of the outcome of your bid to avoid having to pay unnecessary storage charges 9 LOCAL BIDDING LAWS You agree that when bidding in any of our sales that you will strictly comply with all local laws and regulations in force at the time of the sale for the relevant sale site.

D THE BUYER'S PREMIUM, TAXES 1 THE BUYER'S PREMIUM In addition to the hammer price, the successful bidder agrees to pay us a buyer’s premium on the hammer price of each lot sold. On all lots we charge 26% of the hammer price up to and including HK$7,500,000, 21% on that part of the hammer price over HK$7,500,000 and up to and including HK$50,000,000, and 15% of that part of the hammer price above HK$50,000,000.

Exception for wine: the buyer’s premium for wine is 25% of the hammer price.

2 TAXES The successful bidder is responsible for any applicable tax including any VAT, sales or compensating use tax or equivalent tax wherever such taxes may arise on the hammer price and the buyer’s premium.

It is the buyer’s responsibility to ascertain and pay all taxes due.

In all circumstances Hong Kong law takes precedence. Christie’s recommends you obtain your own independent tax advice.

For lots Christie’s ships to the United States, a state sales or use tax may be due on the hammer price, buyer’s premium and/or any other charges related to the lot, regardless of the nationality or citizenship of the purchaser. Christie’s will collect sales tax where legally required. The applicable sales tax rate will be determined based upon the state, county, or locale to which the lot will be shipped. Successful bidders claiming an exemption from sales tax must provide appropriate documentation to Christie’s prior to the release of the lot. For shipments to those states for which Christie’s is not required to collect sales tax, a successful bidder may be required to remit use tax to that state’s taxing authorities. Christie's recommends you obtain your own independent tax advice with further questions.

E WARRANTIES 1 SELLER’S WARRANTIES For each lot, the seller gives a warranty that the seller: (a) is the owner of the lot or a joint owner of the lot acting with the permission of the other co-owners or, if the seller is not the owner or a joint owner of the lot, has the permission of the owner to sell the lot, or the right to do so in law; and (b) has the right to transfer ownership of the lot to the buyer without any restrictions or claims by anyone else.

If either of the above warranties are incorrect, the seller shall not have to pay more than the purchase price (as defined in paragraph F1(a) below) paid by you to us. The seller will not be responsible to you for any reason for loss of profits or

166

business, expected savings, loss of opportunity or interest, costs, damages, other damages or expenses. The seller gives no warranty in relation to any lot other than as set out above and, as far as the seller is allowed by law, all warranties from the seller to you, and all other obligations upon the seller which may be added to this agreement by law, are excluded.

2 OUR AUTHENTICITY WARRANTY We warrant, subject to the terms below, that the lots in our sales are authentic (our “authenticity warranty”). If, within 5 years of the date of the auction, you give notice to us that your lot is not authentic, subject to the terms below, we will refund the purchase price paid by you. The meaning of authentic can be found in the glossary at the end of these Conditions of Sale. The terms of the authenticity warranty are as follows: (a) It will be honoured for claims notified within a period of 5 years from the date of the auction. After such time, we will not be obligated to honour the authenticity warranty. (b) It is given only for information shown in UPPERCASE type in the first line of the catalogue description (the “Heading”). It does not apply to any information other than in the Heading, even if shown in UPPERCASE type. (c) The authenticity warranty does not apply to any Heading or part of a Heading which is qualified. Qualified means limited by a clarification in a lot’s catalogue description or by the use in a Heading of one of the terms listed in the section titled Qualified Headings on the page of the catalogue headed “Important Notices and Explanation of Cataloguing Practice”. For example, use of the term “ATTRIBUTED TO…..” in a Heading means that the lot is in Christie’s opinion probably a work by the named artist but no warranty is provided that the lot is the work of the named artist. Please read the full list of Qualified Headings and a lot’s full catalogue description before bidding. (d) The authenticity warranty applies to the Heading as amended by any saleroom notice. (e) The authenticity warranty does not apply where scholarship has developed since the auction leading to a change in generally accepted opinion. Further it does not apply if the Heading either matched the generally accepted opinion of experts at the date of the sale or drew attention to any conflict of opinion. (f) The authenticity warranty does not apply if the lot can only be shown not to be authentic by a scientific process which, on the date we published the catalogue, was not available or generally accepted for use, or which was unreasonably expensive or impractical, or which was likely to have damaged the lot. (g) The benefit of the authenticity warranty is only available to the original buyer shown on the invoice for the lot issued at the time of the sale and only if, on the date of the notice of claim, the original buyer is the full owner of the lot and the lot is free from any claim, interest or restriction by anyone else. The benefit of this authenticity warranty may not be transferred to anyone else. (h) In order to claim under the authenticity warranty you must: (i) give us written notice of your claim within 5 years of the date of the auction. We may require full details and supporting evidence of any such claim; (ii) at Christie’s option, we may require you to provide the written opinions of two recognized experts in the field of the lot mutually agreed by you and us in advance confirming that the lot is not authentic. If we have any doubts, we reserve the right to obtain additional opinions at our expense; and (iii) return the lot at your expense to the saleroom from which you bought it in the condition it was in at the time of sale. (i) Your only right under this authenticity warranty is to cancel the sale and receive a refund of the purchase price paid by you to us. We will not, in any circumstances, be required to pay you more than the purchase price nor will we be liable for any loss of profits or business, loss of opportunity or value, expected savings or interest, costs, damages, other damages or expenses. (j) Books. Where the lot is a book, we give an additional warranty for 14 days from the date of the sale that if on collation any lot is defective in text or illustration, we will refund your purchase price, subject to the following terms: (i) This additional warranty does not apply to: (A) the absence of blanks, half titles, tissue guards or advertisements, damage in respect of bindings, stains, spotting, marginal tears or other defects not affecting completeness of the text or illustration; (B) drawings, autographs, letters or manuscripts, signed photographs, music, atlases, maps or periodicals; (C) books not identified by title; (D) lots sold without a printed estimate; (E) books which are described in the catalogue as sold not subject to return; or (F) defects stated in any condition report or announced at the time of sale. (ii) To make a claim under this paragraph you must give written details of the defect and return the lot to the sale room at which you bought it in the same condition as at the time of sale, within 14 days of the date of the sale. (k) South East Asian Modern and Contemporary Art and Chinese Calligraphy and Painting.

In these categories, the authenticity warranty does not apply because current scholarship does not permit the making of definitive statements. Christie’s does, however, agree to cancel a sale in either of these two categories of art where it has been proven the lot is a forgery. Christie’s will refund to the original buyer the purchase price in accordance with the terms of Christie’s authenticity warranty, provided that the original buyer gives us written notice of the claim within twelve (12) months of the date of the auction. We may require full details

and supporting evidence of any such claim. Such evidence must be satisfactory to us that the lot is a forgery in accordance with paragraph E2(h)(ii) above and the lot must be returned to us in accordance with E2h(iii) above. Paragraphs E2(b), (c), (d), (e), (f), (g) and (i) also apply to a claim under these categories. (l) Chinese, Japanese and Korean artefacts (excluding Chinese, Japanese and Korean calligraphy, paintings, prints, drawings and jewellery).

In these categories, paragraph E2 (b) – (e) above shall be amended so that where no maker or artist is identified, the authenticity warranty is given not only for the Heading but also for information regarding date or period shown in UPPERCASE type in the second line of the catalogue description (the “Subheading”). Accordingly, all references to the Heading in paragraph E2 (b) – (e) above shall be read as references to both the Heading and the Subheading. (m) Guarantee in relation to Wines and Spirits (i) Subject to the obligations accepted by Christie’s under this authenticity warranty, none of the seller, Christie’s, its employees or agents is responsible for the correctness of any statement as to the authorship, origin, date, age, attribution, genuineness or provenance of any lot, for any other error of description or for any fault or defect in any lot. Further, no warranty whatsoever is given by the seller, Christie’s, its employees or agents in respect of any lot and any express or implied condition or warranty is hereby excluded; (ii) If, (1) within twenty-one days of the date of the auction, Christie’s has received notice in writing from the buyer of any lot that in their view the lot was at the date of the auction short or ullaged or that any statement of opinion in the catalogue was not well founded, (2) within fourteen days of such notice, Christie’s has the lot in its possession in the same condition as at the date of the auction and (3) within a reasonable time thereafter, the buyer satisfies Christie’s that the lot was as notified in writing by the buyer (as above) and that the buyer is able to transfer a good and marketable title to the lot free from any lien or encumbrance, Christie’s will set aside the sale and refund to the buyer any amount paid by the buyer in respect of the lot provided that the buyer shall have no rights under this authenticity warranty if: (i) the defect is mentioned in the catalogue; or (ii) the catalogue description at the date of the auction was in accordance with the then generally accepted opinion of scholars or experts or fairly indicated there to be a conflict of such opinion; or (iii) it can be established that the lot was as notified in writing by the buyer (as above) only by means of a scientific process not generally accepted for use until after the publication of the catalogue or by means of a process which at the date of the auction was unreasonably expensive or impracticable or likely to have caused damage to the lot. (See also notes on ullages and corks); (iii) The buyer shall not be entitled to claim under this authenticity warranty for more than the amount paid by them for the lot and in particular shall have no claim for any loss, consequential loss or damage whether direct or indirect suffered by them; (iv) The benefit of this authenticity warranty shall not be assignable and shall rest solely and exclusively in the buyer who shall be the person to whom the original invoice was made out by Christie’s in respect of the lot when sold and who has since the sale retained uninterrupted, unencumbered ownership thereof.

3 YOUR WARRANTIES (a) You warrant that the funds used for settlement are not connected with any criminal activity, including tax evasion, and you are neither under investigation, nor have you been charged with or convicted of money laundering, terrorist activities or other crimes. (b) Where you are bidding as agent on behalf of any ultimate buyer(s) who will put you in funds before you pay Christie’s for the lot(s), you warrant that: (i) you have conducted appropriate customer due diligence on the ultimate buyer(s) and have complied with all applicable anti-money laundering, counter terrorist financing and sanctions laws; (ii) you will disclose to us the identity of the ultimate buyer(s) (including any officers and beneficial owner(s) of the ultimate buyer(s) and any persons acting on its behalf) and on our request, provide documents to verify their identity; (iii) the arrangements between you and the ultimate buyer(s) in relation to the lot or otherwise do not, in whole or in part, facilitate tax crimes; (iv) you do not know, and have no reason to suspect, that the ultimate buyer(s) (or its officers, beneficial owners or any person acting on its behalf) are on a sanctions list, are under investigation for, charged with or convicted of, money laundering, terrorist activities or other crimes, or that the funds used for settlement are connected with the proceeds of any criminal activity, including tax evasion; and (v) where you are a regulated person who is supervised for anti-money laundering purposes under the laws of the EEA or another jurisdiction with requirements equivalent to the EU 4th Money Laundering Directive, and we do not request documents to verify the ultimate buyer’s identity at the time of registration, you consent to us relying on your due diligence on the ultimate buyer, and will retain their identification and verification documents for a period of not less than 5 years from the date of the transaction.

You will make such documentation available for immediate inspection on our request.

F PAYMENT 1 HOW TO PAY (a) Immediately following the auction, you must pay the purchase price being: (i) the hammer price; and (ii) the buyer’s premium; and (iii) any duties, goods, sales, use, compensating or service tax.

Payment is due no later than by the end of the 7th calendar day following the date of the auction (the “due date”). (b) We will only accept payment from the registered bidder. Once issued, we cannot change the buyer’s name on an invoice or re-issue the invoice in a different name. You must pay immediately even if you want to export the lot and you need an export licence. (c) You must pay for lots bought at Christie’s in Hong Kong in the currency stated on the invoice in one of the following ways: (i) Christie’s Christie’s is pleased to offer clients the option of viewing invoices, paying and arranging shipping online through MyChristie’s. To log in, or if you have yet to create an online account, please go to: www.christies. com/MyChristies. While this service is available for most lots, payment and shipping must be arranged offline for some items. Please contact Post-Sale Services directly to coordinate. (ii) Wire transfer You must make payments to: HSBC Head Office 1 Queen’s Road, Central, Hong Kong Bank code: 004 Account No. 062-305438-001 Account Name: Christie’s Hong Kong Limited SWIFT: HSBCHKHHHKH (iii) Credit Card We accept most major credit cards subject to certain conditions. We accept payments in person by credit card up to HK$1,000,000 per auction sale although conditions and restrictions apply. China Union Pay is accepted with no limits on amounts. To make a “cardholder not present” (CNP) payment, we accept payment up to HK$1,000,000 per auction sale. CNP payments cannot be accepted by all salerooms and are subject to certain restrictions. Details of the conditions and restrictions applicable to credit card payments are available from our Post-Sale Services Department, whose details are set out in paragraph (d) below. (iv) Cash We accept cash subject to a maximum of HKD80,000 per buyer per year at our Post-Sale Services Department only (subject to conditions). (v) Banker’s draft You must make these payable to Christie’s Hong Kong Limited and there may be conditions. (vi) Cheque You must make cheques payable to Christie’s Hong Kong Limited. Cheques must be from accounts in Hong Kong dollar from a Hong Kong bank. (d) You must quote the sale number, your invoice number and client number when making a payment. All payments sent by post must be sent to: Christie’s, Post-Sale Services Department, 6th Floor, The Henderson, 2 Murray Road, Central, Hong Kong. (e) For more information please contact our Post-Sale Services Department by phone on +852 2760 1766 or email to postsaleasia@christies.com.

2 TRANSFERRING OWNERSHIP TO YOU You will not own the lot and ownership of the lot will not pass to you until we have received full and clear payment of the purchase price, even in circumstances where we have released the lot to the buyer.

3 TRANSFERRING RISK TO YOU The risk in and responsibility for the lot will transfer to you from whichever is the earlier of the following: (a) When you collect the lot; or (b) At the end of the 30th day following the date of the auction or, if earlier, the date the lot is taken into care by a third party warehouse unless we have agreed otherwise with you in writing.

4 WHAT HAPPENS IF YOU DO NOT PAY (a) If you fail to pay us the purchase price in full by the due date, we will be entitled to do one or more of the following (as well as enforce our rights under paragraph F5 and any other rights or remedies we have by law): (i) to charge interest from the due date at a rate of 7% a year above the 3-month HIBOR rate from time to time on the unpaid amount due; (ii) we can cancel the sale of the lot. If we do this, we may sell the lot again, publically or privately on such terms we shall think necessary or appropriate, in which case you must pay us any shortfall between the purchase price and the proceeds from the resale. You must also pay all costs, expenses, losses, damages and legal fees we have to pay or may suffer and any shortfall in the seller’s commission on the resale; (iii) we can pay the seller an amount up to the net proceeds payable in respect of the amount bid by your default in which case you acknowledge and understand that Christie’s will have all of the rights of the seller to pursue you for such amounts; (iv) we can hold you legally responsible for the purchase price

and may begin legal proceedings to recover it together with other losses, interest, legal fees and costs as far as we are allowed by law; (v) we can take what you owe us from any amounts which we or any company in the Christie’s Group may owe you (including any deposit or other part-payment which you have paid to us); (vi) we can, at our option, reveal your identity and contact details to the seller; (vii) we can reject at any future auction any bids made by you or on your behalf or to obtain a deposit from you before accepting any bids; (viii) to exercise all the rights and remedies of a person holding security over any property in our possession owned by you, whether by way of pledge, security interest or in any other way as permitted by the law of the place where such property is located. You will be deemed to have granted such security to us and we may retain such property as collateral security for your obligations to us; and (ix) we can take any other action we see necessary or appropriate. (b) If you owe money to us or to another Christie’s Group company, we can use any amount you do pay, including any deposit or other part-payment you have made to us, or which we owe you, to pay off any amount you owe to us or another Christie’s Group company for any transaction.

5 KEEPING YOUR PROPERTY If you owe money to us or to another Christie’s Group company, as well as the rights set out in F4 above, we can use or deal with any of your property we hold or which is held by another Christie’s Group company in any way we are allowed to by law. We will only release your property to you after you pay us or the relevant Christie’s Group company in full for what you owe. However, if we choose, we can also sell your property in any way we think appropriate. We will use the proceeds of the sale against any amounts you owe us and we will pay any amount left from that sale to you. If there is a shortfall, you must pay us any difference between the amount we have received from the sale and the amount you owe us.

G COLLECTION AND STORAGE (a). You must collect purchased lots within 7 days from the auction (but note that you may not collect any lot until you have made full and clear payment of all amounts due to us). (b). If you do not collect a lot within 90 days following the date of the auction we may, at our option: (i) charge you storage costs at the rates set out at www. christies.com/en/help/buying-guide/storage-fees. (ii) move the lot to or within another Christie’s location or an affiliate or third party warehouse and charge you transport costs and administrative fees for doing so and you will be subject to the third party storage warehouse’s standard terms and to pay for their standard fees and costs. (iii) sell the lot in any commercially reasonable way we think appropriate. (c). The Storage conditions which can be found at www.christies. com/en/help/buying-guide/storage-conditions will apply. (d). Nothing in this paragraph is intended to limit our rights under paragraph F4.

H TRANSPORT AND SHIPPING 1 TRANSPORT AND SHIPPING We will enclose a transport and shipping form with each invoice sent to you. You must make all transport and shipping arrangements.

However, we can arrange to pack, transport and ship your property if you ask us to and pay the costs of doing so. We recommend that you ask us for an estimate, especially for any large items or items of high value that need professional packing before you bid. We may also suggest other handlers, packers, transporters or experts if you ask us to do so.

For more information, please contact Christie’s Post-Sale Services Department on +852 2760 1766 or email to postsaleasia@christies. com. We will take reasonable care when we are handling, packing, transporting and shipping a lot. However, if we recommend another company for any of these purposes, we are not responsible for their acts, failure to act or neglect.

2 EXPORT AND IMPORT Any lot sold at auction may be affected by laws on exports from the country in which it is sold and the import restrictions of other countries. Many countries require a declaration of export for property leaving the country and/or an import declaration on entry of property into the country. Local laws may prevent you from importing a lot or may prevent you selling a lot in the country you import it into.

We will not be obliged to cancel your purchase and refund the purchase price if your lot may not be exported, imported or it is seized for any reason by a government authority. It is your responsibility to determine and satisfy the requirements of any applicable laws or regulations relating to the export or import of any lot you purchase. (a) You alone are responsible for getting advice about and meeting the requirements of any laws or regulations which apply to exporting or importing any lot prior to bidding. If you are refused a licence or there is a delay in getting one, you must still pay us in full for the lot. We may be able to help you apply for the appropriate licences if you ask us to and pay our fee for doing so. However, we cannot guarantee that you will get one. For more information, please contact Christie’s Post-Sale Services Department on +852 2760 1766 or email to postsaleasia@christies.com. (b) You alone are responsible for any applicable taxes, tariffs or other government-imposed charges relating to the export or

import of the lot. If Christie’s exports or imports the lot on your behalf, and if Christie’s pays these applicable taxes, tariffs or other government-imposed charges, you agree to refund that amount to Christie’s.

If you are the successful purchaser of a lot of (i) liquor or cordials, including Irish and Scotch whiskeys, from Germany, Ireland, Italy, Spain or the U.K. or (ii) non-carbonated wine, containing less than 14% alcohol and in bottles smaller than 2 litres, from France, Germany, Spain or the U.K. and you plan to import it into the US, you are solely responsible for and must pay any relevant tariff for the lot at the time of importation. For more information, please contact Christie's Post-Sale service Department on +852 2760 1766/ Email: postsaleasia@christies. com. (c) Lots made of protected species Lots made of or including (regardless of the percentage) endangered and other protected species of wildlife are marked with the symbol ~ in the catalogue.

This material includes, among other things, ivory, tortoiseshell, whalebone, certain species of coral, Brazilian rosewood, crocodile, alligator and ostrich skins. You should check the relevant customs laws and regulations prior to purchasing any lot containing wildlife material if you plan to export the lot from the country in which the lot is sold and import it into another country as a licence may be required. In some cases, the lot can only be shipped with an independent scientific confirmation of species and/or age and you will need to obtain these at your own cost. Several countries have imposed restrictions on dealing in elephant ivory, ranging from a total ban on importing African elephant ivory in the United States to importing, exporting and selling under strict measures in other countries.

Lots made of or including elephant ivory material are marked with the symbol ∝ and are offered with the benefit of being registered as “exempt” in accordance with the UK Ivory Act. Handbags containing endangered or protected species material are marked with the symbol ≈ or ≡ and further information can be found in paragraph H2(h) below.

We will not be obliged to cancel your purchase and refund the purchase price if your lot may not be exported, imported or it is seized for any reason by a government authority. It is your responsibility to determine and satisfy the requirements of any applicable laws or regulations relating to the export or import of property containing such protected or regulated material. (d) US import ban on African elephant ivory The USA prohibits the import of ivory from the African elephant. Any lot containing elephant ivory or other wildlife material that could be easily confused with elephant ivory (for example, mammoth ivory, walrus ivory, helmeted hornbill ivory) can only be imported into the US with results of a rigorous scientific test acceptable to Fish & Wildlife, which confirms that the material is not African elephant ivory. Where we have conducted such rigorous scientific testing on a lot prior to sale, we will make this clear in the lot description. In all other cases, we cannot confirm whether a lot contains African elephant ivory, and you will buy that lot at your own risk and be responsible for any scientific test or other reports required for import into the USA at your own cost. If such scientific test is inconclusive or confirms the material is from the African elephant, we will not be obliged to cancel your purchase and refund the purchase price. (e) Lots of Iranian origin As a convenience to buyers, Christie’s indicates under the title of a lot if the lot originates from Iran (Persia). Some countries prohibit or restrict the purchase and/or import of Iranian-origin property. It is your responsibility to ensure you do not bid on or import a lot in contravention of any sanctions, trade embargoes or other laws that apply to you. For example, the USA prohibits dealings in and import of Iranian-origin “works of conventional craftsmanship” (such as carpets, textiles, decorative objects, and scientific instruments) without an appropriate licence. Christie’s has a general OFAC licence which, subject to compliance with certain conditions, may enable a buyer to import this type of lot into the USA. If you use Christie’s general OFAC licence for this purpose, you agree to comply with the licence conditions and provide Christie’s with all relevant information.

You also acknowledge that Christie’s will disclose your personal information and your use of the licence to OFAC. (f) Gold Gold of less than 18ct does not qualify in all countries as “gold” and may be refused import into those countries as “gold”. (g) Watches Many of the watches offered for sale in this catalogue are pictured with straps made of endangered or protected animal materials such as alligator or crocodile. These lots are marked with the symbol ψ in the catalogue. These endangered species straps are shown for display purposes only and are not for sale. Christie’s will remove and retain the strap prior to shipment from the sale site. At some sale sites, Christie’s may, at its discretion, make the displayed endangered species strap available to the buyer of the lot free of charge if collected in person from the sale site within 1 year of the date of the sale.

Please check with the department for details on a particular lot. (h) Handbags A lot marked with the symbol ≈ includes endangered or protected species material and is subject to CITES regulations.

This lot may only be shipped to addresses within Hong Kong SAR or collected from our Hong Kong saleroom. It will not be possible to obtain a CITES export permit to ship these bags to addresses outside Hong Kong SAR post-sale.

A lot with the symbol ≡ is subject to CITES export/import restrictions and will require export/import permits to ship the bag outside Hong Kong SAR post sale. Buyers are responsible

167

for obtaining and paying for the necessary permits. Please contact the department for further information.

For all symbols and other markings referred to in paragraph H2, please note that lots are marked as a convenience to you, but we do not accept liability for errors or for failing to mark lots.

I 1.

OUR LIABILITY TO YOU We give no warranty in relation to any statement made, or information given, by us or our representatives or employees, about any lot other than as set out in the authenticity warranty and, as far as we are allowed by law, all warranties and other terms which may be added to this agreement by law are excluded. The seller’s warranties contained in paragraph E1 are their own and we do not have any liability to you in relation to those warranties.

2. (a) We are not responsible to you for any reason (whether for breaking this agreement or any other matter relating to your purchase of, or bid for, any lot) other than in the event of fraud or fraudulent misrepresentation by us or other than as expressly set out in these conditions of sale; and (b) We do not give any representation, warranty or guarantee or assume any liability of any kind in respect of any lot with regard to merchantability, fitness for a particular purpose, description, size, quality, condition, attribution, authenticity, rarity, importance, medium, provenance, exhibition history, literature, or historical relevance. Except as required by local law, any warranty of any kind is excluded by this paragraph.

3. In particular, please be aware that our written and telephone bidding services, Christie’s LIVE™, condition reports, currency converter and saleroom video screens are free services and we are not responsible to you for any error (human or otherwise), omission, breakdown, or delay, unavailability, suspension or termination of any of these services.

4. We have no responsibility to any person other than a buyer in connection with the purchase of any lot.

5. If, in spite of the terms in paragraphs (a) to (d) or E2(i) above, we are found to be liable to you for any reason, we shall not have to pay more than the purchase price paid by you to us. We will not be responsible to you for any reason for loss of profits or business, loss of opportunity or value, expected savings or interest, costs, other damages, or expenses.

J OTHER TERMS 1 OUR ABILITY TO CANCEL In addition to the other rights of cancellation contained in this agreement, we can cancel a sale of a lot if we reasonably believe that completing the transaction is, or may be, unlawful or that the sale places us or the seller under any liability to anyone else or may damage our reputation.

2 RECORDINGS We may videotape and record proceedings at any auction. We will keep any personal information confidential, except to the extent disclosure is required by law. However, we may, through this process, use or share these recordings with another Christie’s Group company and marketing partners to analyse our customers and to help us to tailor our services for buyers. If you do not want to be videotaped, you may make arrangements to make a telephone or written bid or bid on Christie’s LIVE™ instead. Unless we agree otherwise in writing, you may not videotape or record proceedings at any auction.

3 COPYRIGHT We own the copyright in all images, illustrations and written material produced by or for us relating to a lot (including the contents of our catalogues unless otherwise noted in the catalogue).

You cannot use them without our prior written permission. We do not offer any guarantee that you will gain any copyright or other reproduction rights to the lot.

4 ENFORCING THIS AGREEMENT If a court finds that any part of this agreement is not valid or is illegal or impossible to enforce, that part of the agreement will be treated as being deleted and the rest of this agreement will not be affected.

5 TRANSFERRING YOUR RIGHTS AND RESPONSIBILITIES You may not grant a security over or transfer your rights or responsibilities under these terms on the contract of sale with the buyer unless we have given our written permission. This agreement will be binding on your successors or estate and anyone who takes over your rights and responsibilities.

6 TRANSLATIONS If we have provided a translation of this agreement, we will use the English version in deciding any issues or disputes which arise under this agreement.

7 PERSONAL INFORMATION We will hold and process your personal information and may pass it to another Christie’s Group company for use as described in, and in line with, our privacy notice at www.christies.com. If you are a resident of California you can see a copy of our California Consumer Privacy Act statement at https://www.christies.com/ about-us/contact/ccpa.

Conditions of Sale, the conduct of the auction and any matters connected with any of the foregoing shall be governed and interpreted by Hong Kong law. By bidding at auction, whether present in person or by agent, by written bid, telephone or other means, the buyer/bidder shall be deemed to have accepted these Conditions and submitted, for the benefit of Christie’s, to the exclusive jurisdiction of the Hong Kong courts for the resolution of any disputes related thereto, and also accepted that Christie’s also has the right to pursue remedies in any other jurisdiction in order to recover any outstanding sums due from the buyer.

10 REPORTING ON WWW.CHRISTIES.COM Details of all lots sold by us, including catalogue descriptions and prices, may be reported on www.christies.com. Sales totals are hammer price plus buyer’s premium and do not reflect costs, financing fees, or application of buyer’s or seller’s credits. We regret that we cannot agree to requests to remove these details from www.christies.com.

K GLOSSARY auctioneer: the individual auctioneer and/or Christie’s. authentic: a genuine example, rather than a copy or forgery of: (i) the work of a particular artist, author or manufacturer, if the lot is described in the Heading as the work of that artist, author or manufacturer; (ii) a work created within a particular period or culture, if the lot is described in the Heading as a work created during that period or culture; (iii) a work for a particular origin source if the lot is described in the Heading as being of that origin or source; or (iv) in the case of gems, a work which is made of a particular material, if the lot is described in the Heading as being made of that material. authenticity warranty: the guarantee we give in this agreement that a lot is authentic as set out in section E2 of this agreement. buyer’s premium: the charge the buyer pays us along with the hammer price. catalogue description: the description of a lot in the catalogue for the auction, as amended by any saleroom notice.

Christie’s Group: Christie’s International Plc, its subsidiaries and other companies within its corporate group. condition: the physical condition of a lot. due date: has the meaning given to it paragraph F1(a). estimate: the price range included in the catalogue or any saleroom notice within which we believe a lot may sell. Low estimate means the lower figure in the range and high estimate means the higher figure. The mid estimate is the midpoint between the two. hammer price: the amount of the highest bid the auctioneer accepts for the sale of a lot.

Heading: has the meaning given to it in paragraph E2. lot: an item to be offered at auction (or two or more items to be offered at auction as a group). other damages: any special, consequential, incidental or indirect damages of any kind or any damages which fall within the meaning of “special”, “incidental” or “consequential” under local law. purchase price: has the meaning given to it in paragraph F1(a). provenance: the ownership history of a lot. qualified: has the meaning given to it in paragraph E2 and Qualified Headings means the section headed Qualified Headings on the page of the catalogue headed “Important Notices and Explanation of Cataloguing Practice”. reserve: the confidential amount below which we will not sell a lot. saleroom notice: a written notice posted next to the lot in the saleroom and on www.christies.com, which is also read to prospective telephone bidders and notified to clients who have left commission bids, or an announcement made by the auctioneer either at the beginning of the sale, or before a particular lot is auctioned.

Subheading: has the meaning given to it in paragraph E2.

UPPERCASE type: means having all capital letters. warranty: a statement or representation in which the person making it guarantees that the facts set out in it are correct.

8 WAIVER No failure or delay to exercise any right or remedy provided under these Conditions of Sale shall constitute a waiver of that or any other right or remedy, nor shall it prevent or restrict the further exercise of that or any other right or remedy. No single or partial exercise of such right or remedy shall prevent or restrict the further exercise of that or any other right or remedy.

9 LAW AND DISPUTES The rights and obligations of the parties with respect to these 26/02/25

168

SYMBOLS USED IN THIS CATALOGUE The meaning of words coloured in bold in this section can be found at the end of the section of the catalogue headed “Conditions of Sale • Buying at Christie’s” º

¤

Christie’s has a direct financial interest in the lot.

See Important Notices in the Conditions of Sale for further information.

A party with a direct or indirect interest in the lot who may have knowledge of the lot’s reserve or other material information may be bidding on the lot.

º♦

•

Christie's has provided a minimum price guarantee and has a direct financial interest in this lot. Christie's has financed all or a part of such interest through a third party. Such third parties generally benefit financially if a guaranteed lot is sold.

See the Important Notices in the Conditions of Sale for further information.

Lot offered without reserve.

Christie’s has a financial interest in the lot. See Important Notices in the Conditions of Sale for further information.

Christie’s has a financial interest in this lot and has financed all or a part of such interest through a third party. Such third parties generally benefit financially if a guaranteed lot is sold.

See the Important Notices in the Conditions of Sale for further information.

∼ Lot incorporates material from endangered species which could result in export restrictions. See paragraph H2 of the Conditions of Sale for further information.

≈ Handbag lot incorporates material from endangered species.

The lot can only be shipped to addresses within Hong Kong SAR or collected from our Hong Kong saleroom. See paragraph H2 of the Conditions of Sale for further information.

≡ Handbag lot incorporates material from endangered species.

International shipping restrictions apply and export / import permits are required in order to ship the bag outside Hong Kong SAR post sale. See paragraph H2 of the Conditions of Sale for further information

∝ Lot incorporates elephant ivory material. See paragraph H2 of the Conditions of Sale for further information.

ψ The endangered species strap is shown for display purposes only and is not for sale. Upon sale, this watch may be supplied to the buyer with a non CITES strap (not shown). For further information please refer paragraph H2 of the Conditions of Sale. Զ Accepting payment in certain cryptocurrencies for this lot, conditions apply.

Please note that lots are marked as a convenience to you and we shall not be liable for any errors in, or failure to, mark a lot.

IMPORTANT NOTICES AND EXPLANATION OF CATALOGUING PRACTICE IMPORTANT NOTICES CHRISTIE’S INTEREST IN PROPERTY CONSIGNED FOR AUCTION Δ Property in which Christie’s has an ownership or financial interest From time to time, Christie’s may offer a lot in which Christie’s has an ownership interest or a financial interest. Such lot is identified with the symbol Δ in the next to its lot number. º Minimum price guarantees On occasion, Christie’s has a direct financial interest in the outcome of the sale of certain lots consigned for sale. This will usually be where it has guaranteed to the Seller that whatever the outcome of the auction, the Seller will receive a minimum sale price for the lot. This is known as a minimum price guarantee. Where Christie’s holds such financial interest we identify such lots with the symbol º next to the lot number. º♦ Third party guarantees/Irrevocable bids Where Christie’s has provided a Minimum Price Guarantee, it is at risk of making a loss, which can be significant if the lot fails to sell. Christie’s therefore sometimes chooses to share that risk with a third party who agrees prior to the auction to place an irrevocable written bid on the lot. If there are no other higher bids, the third party commits to buy the lot at the level of their irrevocable written bid. In doing so, the third party takes on all or part of the risk of the lot not being sold. Lots which are subject to a third party guarantee arrangement are identified in the catalogue with the symbol º♦.

Christie's compensates the third party in exchange for accepting this risk provided that the third party is not the successful bidder.

The remuneration to the third party may either be based on a fixed fee or an amount calculated against the final hammer price.

The third party may also bid for the lot above the irrevocable written bid. Where the third party is the successful bidder, the third party is required to pay the hammer price and the buyer’s premium in full.

Third party guarantors are required by us to disclose to anyone they are advising their financial interest in any lots they are guaranteeing. However, for the avoidance of any doubt, if you are advised by or bidding through an agent on a lot identified as being subject to a third party guarantee you should always ask your agent to confirm whether or not they have a financial interest in relation to the lot.

Property in which Christie’s has an interest and Third party guarantee/Irrevocable bid Where Christie's has a financial interest in a lot and the lot fails

to sell, Christie's is at risk of making a loss. As such, Christie's may choose to share that risk with a third party whereby the third party contractually agrees, prior to the auction, to place an irrevocable written bid on the lot. Such lot is identified in the catalogue with the symbol .

Where the third party is the successful bidder on the lot, they will not receive compensation in exchange for accepting this risk. If the third party is not the successful bidder, Christie's may compensate the third party. The third party is required by us to disclose to anyone they are advising of their financial interest in any lot in which Christie's has a financial interest.

If you are advised by or bidding through an agent on a lot in which Christie's has a financial interest that is subject to a contractual written bid, you should always ask your agent to confirm whether or not they have a financial interest in relation to the lot.

Bidding by parties with an interest When a party with a direct or indirect interest in the lot who may have knowledge of the lot’s reserve or other material information may be bidding on the lot, we will mark the lot with this symbol ¤. This interest can include beneficiaries of an estate that consigned the lot or a joint owner of a lot. Any interested party that successfully bids on a lot must comply with Christie’s Conditions of Sale, including paying the lot’s full buyer’s premium plus applicable taxes.

Post-catalogue notifications If Christie’s enters into an arrangement or becomes aware of bidding that would have required a catalogue symbol, we will notify you by updating christies.com with the relevant information (time permitting) or otherwise by a pre-sale or pre-lot announcement.

Other Arrangements Christie’s may enter into other arrangements not involving bids.

These include arrangements where Christie’s has advanced money to consignors or prospective purchasers or where Christie’s has shared the risk of a guarantee with a partner without the partner being required to place an irrevocable written bid or otherwise participating in the bidding on the lot. Because such arrangements are unrelated to the bidding process they are not marked with a symbol in the catalogue.

Please see http://www.christies.com/financial-interest/ for a more detailed explanation of minimum price guarantees and third party financing arrangements.

EXPLANATION OF CATALOGUING PRACTICE Terms used in a catalogue or lot description have the meanings ascribed to them below. Please note that all statements in a catalogue

or lot description as to authorship, period, reign or dynasty are made subject to the provisions of the Conditions of Sale, including the authenticity warranty. Our use of these expressions does not take account of the condition of the lot or of the extent of any restoration.

Buyers are advised to inspect the property themselves. Written condition reports are usually available on request.

A term and its definition listed under ‘Qualified Headings’ is a qualified statement as to authorship, period, reign or dynasty. While the use of this term is based upon careful study and represents the opinion of specialists, Christie’s and the consignor assume no risk, liability and responsibility for the authenticity of authorship or of the lot being created in certain period, reign or dynasty of any lot in this catalogue described by this term, and the authenticity warranty shall not be available with respect to lots described using this term.

Discrepancy in the layout of information may appear between the catalogue description in English and its Chinese translation. We will use the English version of the catalogue description in deciding any issue or disputes which arise under the authenticity warranty or the ‘Qualified Headings’.

PICTURES, DRAWINGS, PRINTS, AND MINIATURES, SCULPTURES, INSTALLATION, VIDEO, CALLIGRAPHY AND PAINTED CERAMIC QUALIFIED HEADINGS “Attributed to…”: in Christie’s qualified opinion probably a work by the artist in whole or in part.

“Studio of …”/“Workshop of …”: in Christie’s qualified opinion a work executed in the studio or workshop of the artist, possibly under their supervision.

“Circle of …”: in Christie’s qualified opinion a work of the period of the artist and showing their influence.

“Follower of …”: in Christie’s qualified opinion a work executed in the artist’s style but not necessarily by a pupil.

“Manner of …”: in Christie’s qualified opinion a work executed in the artist’s style but of a later date.

“After …”: in Christie’s qualified opinion a copy (of any date) of a work of the artist.

“Signed …”/“Dated …”/ “Inscribed …”: in Christie’s qualified opinion the work has been signed/dated/inscribed by the artist.

“With signature …”/“With date …”/ “With inscription …”: in Christie’s qualified opinion the signature/ date/inscription appears to be by a hand other than that of the artist.

The date given for Old Master, Modern and Contemporary Prints is the date (or approximate date when prefixed with ‘circa’) on which the matrix was worked and not necessarily the date when the impression was printed or published.

The date given for Chinese Books and Rubbings is the date (or approximate date when prefixed with ‘circa’) when the impression was printed or published.

169

CHINESE CLASSICAL PAINTINGS & CHINESE MODERN AND CONTEMPORARY INK PAINTINGS QUALIFIED HEADINGS “Attributed to …”: In Christie’s qualified opinion probably a work by the artist or maker in whole or in part.

“With signature …”: In Christie’s qualified opinion the signature appears to be by a hand other than that of the artist.

The date given for Chinese Books and Rubbings is the date (or approximate date when prefixed with ‘circa’) when the impression was printed or published.

JEWELLERY

If no date, period or reign mark is mentioned in uppercase letters directly below the heading of the description of the lot , in Christie’s opinion it is of uncertain date or late manufacture. e.g. A BLUE AND WHITE BOWL QUALIFIED HEADINGS When a piece is, in Christie’s opinion, not of the period to which it would normally be attributed on stylistic grounds, this will be incorporated into the first line or the body of the text of the description. e.g. A BLUE AND WHITE MING-STYLE BOWL The Ming-style bowl is decorated with lotus scrolls…

“Boucheron”: when maker’s name appears in the title, in Christie’s opinion it is by that maker.

In Christie’s qualified opinion, this object could be dated to the Kangxi period but there is a strong element of doubt.

“Mount by Boucheron”: in Christie’s opinion the setting has been created by the jeweller using stones originally supplied by the jeweller’s client.

e.g. A BLUE AND WHITE BOWL

QUALIFIED HEADINGS “Attributed to”: in Christie’s qualified opinion is probably a work by the jewellery/maker but no warranty is provided that the lot is the work of the named jeweller/maker.

Other information included in the catalogue description “Signed Boucheron / Signature Boucheron”: in Christie’s qualified opinion has a signature by the jeweller.

“With maker’s mark for Boucheron”: in Christie’s qualified opinion has a mark denoting the maker.

POSSIBLY KANGXI PERIOD In Christie’s opinion, this object is of a certain period, reign or dynasty. However, in Christie’s qualified opinion, this object could belong to a particular culture but there is a strong element of doubt. e.g. A JADE BLADE NEOLITHIC PERIOD, POSSIBLY DAWENKOU CULTURE

HANDBAGS Condition Reports

WATCHES

The condition of lots sold in our auctions can vary widely due to factors such as age, previous damage, restoration, repair and wear and tear. Condition reports and grades are provided free of charge as a courtesy and convenience to our buyers and are for guidance only. They offer our honest opinion but they may not refer to all faults, restoration, alteration or adaption. They are not an alternative to examining a lot in person or taking your own professional advice. Lots are sold “as is,” in the condition they are in at the time of the sale, without any representation or warranty as to condition by Christie’s or by the seller.

Authenticity Certificates

Grades in Condition Reports

As certain manufacturers may not issue certificates of authenticity, Christie’s has no obligation to furnish a buyer with a certificate of authenticity from the manufacturer, except where specifically noted in the catalogue. Unless Christie’s is satisfied that it should cancel the sale in accordance with the authenticity warranty, the failure of a manufacturer to issue a certificate will not constitute grounds for cancellation of the sale.

We provide a general, numeric condition grade to help with overall condition guidance. Please review the specific condition report and extra images for each lot before bidding.

Periods Art Nouveau 1895-1910 Belle Epoque 1895-1914 Art Deco 1915-1935 Retro 1940s

Removal of Watch Batteries A lot marked with the symbol ⊕ in the catalogue incorporates batteries which may be designated as “dangerous goods” under international laws and regulations governing the transport of goods by air freight. If a buyer requests shipment of the lot to a destination outside of the region in which the saleroom is located, the batteries will be removed and retained prior to shipment. If the lot is collected from the saleroom, the batteries will be made available for collection free of charge.

CHINESE CERAMICS AND WORKS OF ART In Christie’s opinion a work by the maker or artist e.g. A YIXING TEAPOT BY CHEN MINGYUAN KANGXI PERIOD (1662-1722) When a piece is, in Christie’s opinion, of a certain period, reign or dynasty, its attribution appears in uppercase letters directly below the heading of the description of the lot. e.g. A BLUE AND WHITE BOWL QING DYNASTY, 18TH CENTURY If the date, period or reign mark mentioned in uppercase letters directly below the heading of the description of the lot states that the mark is of the period, then in Christie’s opinion, the piece is of the date, period or reign of the mark. e.g. A BLUE AND WHITE BOWL KANGXI SIX-CHARACTER MARK IN UNDERGLAZE BLUE AND OF THE PERIOD (1662-1722) When a piece is, in Christie’s opinion, made no later than a certain period, reign or dynasty, its attribution appears in uppercase letters directly below the heading of the description of the lot and the term “AND EARLIER” appears. e.g A JADE NECKLACE LIANGZHU CULTURE AND EARLIER, CIRCA 39002300 BC

170

Grade 1: This item exhibits no signs of use or wear and could be considered as new. There are no flaws. Original packaging and protective plastic are likely intact as noted in the lot description.

Grade 2: This item exhibits minor flaws and could be considered nearly brand new. It may never have been used, or may have been used a few times. There are only minor condition notes, which can be found in the specific condition report.

Grade 3: This item exhibits visible signs of use. Any signs of use or wear are minor. This item is in good condition.

Grade 4: This item exhibits normal signs of wear from frequent use. This item either has light overall wear or small areas of heavy wear. The item is considered to be in fair condition.

Grade 5: This item exhibits wears and tear from regular or heavy use. The item is in usable condition but it does have condition notes.

Any reference to condition in a catalogue entry will not amount to a full description of condition, and images may not show the condition of a lot clearly. Colours and shades may look different in print or on screen to how they look in real life. It is your responsibility to ensure that you have received and considered any condition report and grading. We recommend you examine the lot in person or take your own professional advice.

REFERENCE TO “HARDWARE” Where used in this catalogue the term “hardware” refers to the metallic parts of the bag, such as the buckle hardware, base studs, lock and keys and/or straps, which are plated with a coloured finish (e.g. gold, silver, palladium). The terms “Gold Hardware”, “Silver Hardware”, “Palladium Hardware” etc. refer to the stone or colour of the hardware and not the actual material used. If the bag incorporates solid metal hardware this will be referenced in the lot description.

WINES OPTIONS TO BUY PARCELS A parcel consists of several lots of the same wine of identical lot size, bottle size and description. Bidding will start on the first lot of the parcel and the successful buyer of that lot is entitled to

take some or all of the remaining lots in the parcel at the same hammer price. If the buyer of the first lot does not take further lots, the remaining lots of the parcel will be offered in a similar fashion. We recommend that a bid on a parcel lot be placed on the first lot of the parcel. If the bid is superseded, Christie‘s will automatically move your bid to the next identical lot and so on.

In all instances, such bids will be handled at the auctioneer’s discretion.

CLASSIFICATIONS Bordeaux Classifications in the text are for identification purposes only and are based on the official 1855 classification of the Médoc and other standard sources. All wines are Château-bottled unless stated otherwise.

ULLAGES AND CORKS OF OLD WINES Wines are described in this catalogue as correctly as can be ascertained at time of going to press, but buyers of old wines must make appropriate allowances for natural variations of ullages, conditions of cases, labels, corks and wine. No returns will be accepted.

ULLAGE The amount by which the level of wine is short of being full: these levels may vary according to age of the wines and, as far as can be ascertained by inspection prior to the sale, are described in the catalogue. A chart explaining level and ullage descriptions and interpretations, together with a visual presentation, appears in this catalogue. We hope you will find this helpful.

ᜬ ‫ ⿊ ف‬೛ g ㇅ᑜ㦚≹ ᜬ‫⿊ف‬೛ ᜬ‫⿊ف‬೛‫ݸ‬㕵⿀㐞≹ۢ↹㙼⛷‫־‬ᑜ᧊̃をᒝ‫־‬ᒝωૈྴ ሠ㇫ֵ㍭ॼᕴ↹㙼ˮሠ㇫ިⅲᚆᢍǐ 㐞㑁Ⅻ〦Ⓖᇹ‫ ݸ‬ᆘॼሠ㇫ᕒˮⒼᇹ‫⻢ڭ‬⍷ၹ‫ܔ‬Ⴭ዁۫ 㐝̮ᚆᢍ䢲ॏ᢬䢲ၹ㦚ॼⒼᇹ̃‫♢͒ע‬㟼ㅄ㐝̮ᚆᢍǐ ˗㏽◫㭕ದ㭕しよⅲ⿾㕳ॼൎ㒴し‫־⻢ٺ‬ᒝǐ 㡙㤖ωૈྴ᎛ᕖሠ㇫ިᆵᕖᡪ䢮͠¨ឳ⍷䢯䢲ωૈྴ᳦ ㇫ᑜⅲ͞ώ́ǐ

A. ሠ㇫̃‫ע‬ 1. ሠ㇫ިዟ㏽ (a) ↹㙼ዟ㏽㒴ֱϕⅲᗮ̮し‫ٺ‬ᕖṁᣅჍ⟵ǐでႎオ ⿉᝷ᆓᚆᢍ㒴ֱⅲ㕵⿀㐞≹ۢ↹㙼⛷‫־‬ᑜ᧊̃を ᒝǐയ↹㙼Շⅲឳㄦⅲ⿾㕳䢲オ⿉ᕴ↹㙼Շğᕴ↹ 㙼ˮϕⅲ‫܍‬㧛ឳㄦĠǐ (b) ᕴՌ‫ॼ܇‬ᕴ↹㙼ˮയͯΰሠ㇫ިⅲዟ㏽䢲ሠ㇫ިṸ պ਺‫ۢ݋‬Ւ೉㡣㏽䢮˙┹ᒶ۴㦷㑰ᒶᕊ㤚䢯䢲ٝሳ ሠ㇫ިသㇲᆘṸպǏⳔ⻒೰ǏᓁᕩǏᖏᑃǏ᜼ₙോ ഢᆘϜᬜ঑൲ᆔоჍ⿉̃⻢㏽䢲⡊˙ᅠ⼗η᳦̢ഓ ̃㡣㏽ǐᆔо˙ӏപᜬⅲᢶ‫܂‬ೀ೰ۢೀ⡅㒆ូ㐭⻍ ᪨Նⅲ⊝②ǐᆵᕖⅲോഢۢ㕵㕷ӆ᳦◫ₙΐ〚ǐ 2. യᑞሠ㇫ިዟ㏽ωૈྴᆵㆱⅲㆼͯ ᆔо˙യሠ㇫ިⅲသㇲዠϭͯΰЛㄗ䢲㡙̞˗㏽ⓧ& ᣣⅲ⇞ިЛㄗۢ͠ⓧ*ᣣ۷ᕖ☼೛ǐ

3. Ṹպ (a) ॼᆔоሠ㇫ᕒ˖ሠ㇫ⅲሠ㇫ިṸպ‫ۿ‬ॏໝ͞ǏԱ‫ע‬ ጐિǏУ࿂ǏУώۢጐ⡔⓼ॏ♘⡊ກ₢⁡૯ǐՒသ ㇲ‫ڭ‬Ⴭ‫⮏ݣ‬໦̅˙‫ۿ‬⣵ⴷᑞ೐⟞ⅲṸպǐሠ㇫ިᒶ ቍᵨՒॼሠ㇫̃ᓁⅲႎպ͠ğήṸĠ֨ߴ䢲⡊˞˙ ٝሳωૈྴᆘ㇫ᑜⅲͯΰ㡣㏽ᆘЛㄗᆘയᑞṸպⅲ ͯΰྋབྷⅲㆼͯᇥᎪǐ (b) ॼᕴ↹㙼ᚆ↹ᆘṸպ਺‫݋‬ˮዠۢṸպ˙⓼‫ܔ‬ᑞയṸ պⅲ೐ᐦዟ㏽䢲ॱḚ‫ۿ‬⣵˙ᕒ᪹ᓤൢ⍷֨ሠ㇫ިǐ ሠ㇫ިⅲ⨓ྐ‫ݸ‬ᒝᔄ༂ॼ‫ިהڪ‬ᆘ൝ໃ˖⇐㈯Ϝ‫ۿ‬ ⣵ᕒ⧀ഓ㭕᠟ᘀᓁⅲႎպ˙‫ܔ‬ǐṸպ਺‫إژۿ݋‬ၹ けΐሠ㇫ިⅲṸպǐ᳦ᑜЀ㇅ᑜ䢲Ṹպ਺‫݋‬᳦Ե㇉ ዠϭ䢲ӆη᳦ቋཛǐṸպ਺‫݋‬ዠϭ̞ᆔоⅲჍ⿉䢲 ΢ᒶ‫ۿ‬⣵ᕲቋ֨ᆵᕖⅲ➚㡧ǏՇॼῂ⃍ǏУ࿂Ǐᕇ ᏾ۢ᏾㐤䢲ॏ᳦ᆔоⅲӫ޻˙ᒶപᜬУ࿂ᆘ⛃ㄼ́ ޻ǐ֨ᑞ㐝й‫ۈ‬ॏ䢲͔о˙⣵ᕎ͞ၹ⿟⦪᠟ᘀሠ㇫ ިᆘၹ⦪຃ഭᥒⅲപᜬჍ⿉ǐ㇅ᑜᕖㆼͯ⌔Л⦪຃ ຄ⚯⿀ᥒዠϭǏᏻၣۢ⡃ᄖ̞ͯΰṸպ਺‫݋‬ǐ 4. ሠ㇫̃‫ע‬᠟ᘀሠ㇫ި (a) ଫᗊၹ〚؊Ⓖᇹˏͬሠ㇫ި䢲ᅠ⿟⦪ᆘ㐞㑁Փᕖപ ᜬ≹ㄦ̃͞⻢᠟⿏䢲͠⌔Лၹ዁۫ሠ㇫ިዟ㏽ۢṸ պǐᆔоཇㄺၹྐྵപᜬУ࿂́޻ᆘՒ೉പᜬ㧣ࠑ㒆 ⼲♚۪Ⴭ⿉ǐ (b) ሠ㇫̃‫ע‬ⅲ᠟⿏Ե㇉‫ܙ‬Ռ⻉㟚ᐁǐॼሠ㇫̃‫ע‬ⅲ᠟ ⿏ᆘ㐞㑁㦠☼䢲ᆔоⅲപ೰‫ॼۿ‬਽्┆ࠑ㧍ǐ

5. ΐӱ ΐӱᒶ਎ᑞሠ㇫ިⅲṸպǏ␑ᕖ␙༂Ǐㇲ㕷ǏϜᬜۢ㧛 Κḵިⅲ㏩ᕩሠӱ᥾೛ǐΐӱ‫ۿ‬⣵ᕒ᏾ㅌǐၹᆘͯΰՒ ͔́ॼͯΰႎպ˗㓅˙‫ۿ‬⣵ϯㇻΐӱ䢲ഩՒη᳦ሠ㇫ި ⅲഓ㢄ߴӱⅲ㦠᫐ᆘЛㄗǐΐӱ˙ٝሳ㇅ᑜ㔦㕹ᆘͯΰ 㑗ⅲ␕㇉ǐΐӱ‫ۿ‬⣵͠ሠ㇫਽₤ঃㆸ໏͠૥ⅲㆸ໏㧩 ⍷˩ӆηቋཛǐᕴ↹㙼ϕⅲㆸ໏ԴዪἒᒶᘿᎯᕏ㇊㏩ ↹㙼͖‫ڪ‬ᓁⅲԴዪἒ〴೛䢲ᆵ͠‫ۿ‬⣵⧀ሠ㇫₤ᑽԴዪἒ ᕖກ‫׆‬ǐ

6. ᎆ् ωૈྴᕖᡪ࡚ᑜ㤚ո೛ॼሠ㇫ިሠ㇫㑁␙ˮᆘሠ㇫̃‫ע‬ ⅲͯΰᓁ㟢ഩሠ㇫ިᎆ्ǐωૈྴᴰ㦚െͯΰᎆ्ո೛ ‫ܙ‬ၹᇥᎪㆼͯǐ

7. Ὓഡ (a) ᕖ⨓ഡ⊅䢮ଫ☽ഡ⊅Ǐⳇഡ⊅ۢ⚷ഡ⊅䢯‫ۿ‬⣵⚯㑁 ⴷώ͠᏾⨑૥⿭䢲ٝሳ‫؟‬ᶥۢ˖᦯⓼ᑜ᧊ǐ㐝̮ᑜ ᧊㓅⼗४㢄Ὓഡ⻍ᜬほ‫ۿ‬䢲΢ᒶ⚯ⴷώⅲഡ⊅ⅲ⋚ ༂‫ۿ‬⣵ᕒ㡈Ωۢ ᆘॼᑽྯ㣏⿀ṁᣅⅲЛ㨳ǐ (b) 㡙㤖⚯㑁ഡ⊅ೀഓ㬡ೣⅲ᫐ぜ䢲‫םܫ‬ᆔоᴰ᧊ᒝ㧩 ≹㑆㞼⊅ᒶ૰ᵁ㑰ᒶ‫ܐ‬ᆓⅲǐ ଫᗊ㞼⊅⚯㑁᫐ぜ䢲

ᆔоഩዠϭഡ⊅ೀ਺‫݋‬ǐ (c) ᆵᕖ㧛াⅲഡ⊅঑‫ۿ‬⣵⚯㑁ᗮ̮᏾⨑ⴷώǐଫᗊᗮ ͬሠ㇫ިᦔᕖ਺‫݋‬䢲ၹ‫ॼ͠ۿ‬ሠ㇫ᑽ̃‫⦰ע‬ളዠ‫ע‬ ˕‫ܙݙ‬ᆔо⿀ᥒഡ⊅㞚೛਺‫݋‬䢲਺‫݋‬ⅲ㇉⁳ၹᏵ ͖ǐ (d) ↹㙼ዟ㏽ˮⅲᗮ̮㕵㕷ӆϭ۞⡃䢲ॏ᳦೉оᒶ㐞㑁 ᫐㕷ΐ┲ⅲ䢲ॏ᢬˙ᅠ⼗ϯㇻ᳦★⌔ǐ (e) ᆔо˙ᕒ᳦᣷ͬሠ㇫ⅲഡ⊅ቆ۪㞚೛਺‫݋‬ǐ⩮ᆔо ᕖྐྵ४㢄ほ‫ۿ‬ⅲഡ⊅㞚೛ഓ㬡ೣ۪ྴ㞚೛਺‫݋‬䢲ᆔ оᕒॼ↹㙼ˮዠۢǐྐྵ⟞४ഡ⊅㞚೛ഓ㬡ೣⅬ֨ⅲ 㞚೛਺‫݋‬ᕒዟ㏽യഡ⊅ⅲ᏾⨑ᆘⴷώǐᢜᨕഡ⊅ 㞚೛ഓ㬡ೣⅲ਺‫݋‬ӆॼᆔо⿀ᥒⅲᓁц䢲ᇀᕒዠۢ യഡ⊅ⅲ᏾⨑ۢⴷώ䢲΢ᒶて਺‫݋‬ᕒ⌔ほてഡ⊅ᦔ ᕖ⼗᏾⨑ᆘⴷώǐॏ‫܍‬ഓ㬡ೣϕᑜ᧊‫ݸ‬ᇦ⻒ⅲກ ₢䢲യᗮഡ⊅ᒶ‫ⴷܫ‬ώ㑁Ǐⴷώⅲ␙༂ᆘⴷώᒶ‫ܫ‬ ᳦᥉˿သ䢲㓅‫ۿ‬⣵ቈ˙‫ܔ‬Ⴭ⿉ǐഡ⊅㞚೛ഓ㬡ೣӆ യ਺‫݋‬η֨ᑽ̃ᓁഓ㬡ೣᆵ≹ၣⅲ᏾㐭ۢⴷώ㐭⻍ ਺‫݋‬ǐᆔо˙Лㄗ䢲̑˙യഡ⊅㞚೛ഓ㬡ೣ‫ۿ‬⣵㡃 ຯሠ㇫ިⅲͯΰ਺‫݋‬ᆘㄗᕊㆱㆼǐ (f) യᑞὛഡ㘷ߴϜを䢲ΐӱᒶ͠ഡ⊅㞚೛਺‫݋‬ˮⅲП ၔ᳦਎⍕䢲ଫᗊᦔᕖ਺‫݋‬䢲െᕒほ᳦ഡ⊅‫ۿ‬⣵ຄ⚯ ⼗ⴷώᆘዠ‫ڎ‬㑁ǐ

❾ⅲ⿀ᥒ䢲ٝሳ΢˙㡋ᑞ೐ᆓۢ᭸㉚ᕴՌ‫ۿ܇‬⣵⿀ᥒ㐭 ⻍ⅲᆵᕖ‫᧽ۥ‬㷖㚕‫ ݸ‬ᆘ‫ۥ‬ျဏ˹⟵ㆲᐂഖᘀ䢲ᆔо‫ۿ‬ ⣵ᕒ˙ԫ〶ၹⅫ〦Ⓖᇹ䢲⡊ଫᗊၹᆓ‫؞‬ᇹྴሠ㇫ި䢲ᆔ о‫ۿ‬⣵ᎆ㘷ၹ⧀㇫ᑜ̃㟢ⅲ㇅㇫‫☼ܐ‬ǐωૈྴᕖᡪ࡚ᑜ 㤚᥾೛ᆵ㦚ⅲ㌪Ͱㄗᒝᐷͬ㧛‫׆‬䢲η᳦᭸㉚ᆔоയⒼᇹ ⡅㌪ͰۢⅫ〦ᆾ❾ⅲ⿀ᥒǐ

4. ͞⻢͔́Ⓖᇹ (a) η᳦ኧᡪⒼᇹ́䣀ଫᗊၹ͞⻢͔́Ⓖᇹ⡊᢬୮〥́ ᕒ↿዁‫ܙ‬ωૈྴ͖ᢍ䢲ॼⒼᇹ‫ע‬䢲୮〥́㣏⿀೐ᆓ ͠˖ⅲⅫ〦ᆾ❾ۢዠϭຄ▦⟇ⅲኧᡪᕊ䢲ኧᡪၹ͞ ⻢ՒⒼᇹǐ (b) η᳦୮ᇇ́ⅲ͞ώ́䣀ଫᗊၹ͠⦪຃ⅲ‫⟵ܕ‬〼՝΢ ͠͞ώ́㌪Ͱ᳦͔́䢮ğᕏ♲㇅ᑜĠ䢯㐭⻍Ⓖᇹ⡊ ᢬́ᕒॼλ‫ܙ‬ᆔо͖ᢍ̃‫ܙע‬λዠϭ㇔㕹䢲ၹ‫ܔ‬ ჍᇥᎪᏵ͖㈂㇅ᢍ㦗‫ݸ‬ᆵᕖՒ͔ᅠ͖ᢍ㦗ⅲй́ㆼ ͯǐᆔоഩ⿀ᥒၹሃ㣹ᕏ♲㇅೰ⅲ㌪Ͱ䢲˩‫ۿ‬⣵⿀ ᥒၹᘿᎯ E3(b) ᣣዠϭᐷͬ͠ᣣ㬡ㄗՒ㌪Ͱǐ

5. ⿟⦪֨ຫⒼᇹ ଫᗊၹດᕦॼሠ㇫ή਽Ⓖᇹ䢲࿚㦚ॼሠ㇫⧂⻍‫⦰ע‬ള 30ֱ㝫㏇ώⅫ〦ᆾ❾䢲˩♚۪Ⓖᇹⴽ⌖ḟǐଫ㣏‫إژ‬䢲 オ⢌❢ೡᆮᕚ‫ف‬㒴䣀+852 2760 1766ǐ

8. 㝫㚨

6. Ⓖᇹᕚ‫ف‬

(a) ໦̅ᆵᕖⅲ㝫㚨ॼϕᕩՇ㓅⼗Уώ㑁䢲‫ۿ‬⣵㓅ܰ ᕖ㤖‫⼾ۈ‬㣇㒴ͬǐᆔо˙⣵Лㄗͯΰ㝫㚨ⅲͯΰй ‫׆‬㣇㒴ͬ㓅ᒶ‫⼾ۈ‬ǐ⼗㡣㏽᳦ğ㠛⢌Ġದូⅲ㚨ຯ ˙ᒶ‫⼾ۈ‬㚨ⅲ㒴ֱ䢲‫ۿ‬⣵˙ᒶ⇞ިǐሠ㇫ⅲ㝫‫ۿ‬⣵ ㉾㢍ᦔᕖ㝫ᏈǏ㝫㚌ᆘ㞰٬֨ߴǐ (b) ᏻⳉ೰⓼♒ⅲ㝫㚨⚯ັᕖ㤖ັ★♢⽞㢶ⅲ៬ᚗ᝷ 㐤䢲‫ۿ‬⣵㣏⿀ˏ⧝Л㨳ᕚ‫ف‬Ǐᕇዪ㣌ᥩᆘ㐭ˏ᢭ⅲ Уώ๼η䢲⡊㐝̮㓅⁳㇅ᑜㆱㆼǐᆔо˙Лㄗ᣷ˏ 㢙㝫㚨㓅ᒶॼ⨑ଦ㐾ηṸჷǐ㡙㤖↹㙼ˮᕖዠۢ䢲 ᆔо˙ዠϭㄗᕊǐ (c) ૯૨ᐪⅲ㚨㓅⼗ᇅ㟚㑁ᘀ⇐៬⩅ⅲাⴽۢㇲ㕷ǐॏ ᳦㐝й‫ۈ‬ॏ䢲ຯᕖ㠶᥅㚨ᣧⅲ㚨‫ۿ‬⣵˙⣵㠶᥅䢲ॼ ϕ̃‫ע‬ᆔоཇㄺၹㅒപᜬ㝫㚨ສ̢Ա᠟㬡ǐ ᆾ㚨ۢ㚨ຯⅲሠ㇫ۢ㐾㐋ᑜ㤚ⅲ㕵⿀Пၔ䢲オ⿉ⓧ H2(g)ᣣǐ

˗㏽ⅲⒼᇹᕚ‫ف‬ᒶ᳦ᑜЀೡᆮ⡊〴ⅲԵ㇉ᕚ‫ف‬䢲ଫᗊॼ ዠϭてᕚ‫֨ف‬ήͯΰ㚢れ䢮᳦́ᆘՒ೉䢯䢲㑦ᮈᆘᐅ 㢅䢲ωૈྴ঑˙ㆱ˖ͯΰㆼͯǐ (a) 㣌づⒼᇹ ၹ࿚㦚ॼሠ㇫㟚୥‫⦰ע‬ള 24 റᓁ㏇ώ⁵オ㣌づⒼ ᇹ䢲˩‫ॼ͠ۿ‬ωૈྴ࿇Пറ␙བྷˮѷ֨⁵オǐωૈ ྴ‫ۺ‬ᕒॼ⣵૫೎኱́޻‫إژ‬㣌づⒼᇹⅲႎᦷ˗዁۫ 㣌づⒼᇹǐΐӱΩᑞ᫓໏ 30,000 Ԭ̃ሠ㇫ިഩ˙ ዁۫㣌づⒼᇹǐ⩮㣏⿀͠⩹よ૥ⅲՒ͔よ〕㐭⻍Ⓖ ᇹ䢲㦚ԍᒀॼሠ㇫̃‫ע‬㦠Ա೎኱ǐ㣌づⒼᇹഩ‫⼗ۿ‬ 㙼㦈ǐ͠㣌づⒼᇹ‫⻢͞ڭ‬ၹ‫ܔ‬ჍՒയづ⼗㙼㦈ǐၹ ‫ܔ‬Ⴭ㣌づⒼᇹ۫ᜬ‫⿊ف‬೛┹㡋ǐ (b) ॼChristie’s LIVETM ॼᗮ̮ሠ㇫ᕒ䢲ᆔоᕒ዁۫⛈⚊Ⓖᇹǐଫ㣏̞⿾ ᕇ૨Пၔ䢲オⅫՆ www.christies.com/auctions/ christies-live-on-mobileǐଫ㣏⛈㊌Ⓖᇹ䢲ၹ࿚㦚 ॼሠ㇫㟚୥‫⦰ע‬ള24റᓁ㏇ώ⁵オǐ⛈⚊Ⓖᇹ۫ᜬ ‫⿊ف‬೛ۢChristie's LIVETMϕᚆᢍⅲ┹㡋䢲でႎ オ⿉www.christies.com/LiveBidding/ OnlineTermsOfUse.aspxǐ (c) ᕊ㤚Ⓖᇹ ၹ‫ۿ‬ᑞͯΰωૈྴ㏇Ռೣᆘ㐞㑁 www.christies. comᆘωૈྴ࿇Пറ␙໴㑤Ꭰሠ㇫˩ᘀ⇐ሠ㇫ި۪ ྴᕊ㤚Ⓖᇹ⻢ᙂǐၹ࿚㦚ॼሠ㇫㟚୥‫⦰ע‬ള റ ᓁዠ̵ຄ⚯੦୅ⅲᕊ㤚Ⓖᇹ⻢ᙂǐᇹឳ࿚㦚ᒶ͠ሠ ㇫ᕒ₤ঃⅲㆸ໏᳦࡚Ψǐሠ㇫೙ഩॼ۞⡃໶ӱྯ䢲 ‫ܐ‬ώঃ൭⻍ᕊ㤚Ⓖᇹ‫ف‬ᥒ͠‫ۿ‬⣵ⅲᕏΩӱ⻍ϕᕊ㤚 ឳǐଫᗊၹ͠ᕊ㤚Ⓖᇹˏͬᦔᕖ໶ӱⅲሠ㇫ި䢲⡊ ˞ᦔᕖՒ͔ᕇ㭙‫ۻ‬ӱ䢲ᆔоᕒ᳦ၹ͠ΩⒻΐӱⅲ 㐭⻍Ⓖᇹ䣁ᆘଫᗊၹⅲᕊ㤚ឳ᣻˖㏽ᕇΩ䢲‫ם‬ ͠ၹⅲᕊ㤚ឳⅲӱᙂ㐭⻍Ⓖᇹǐଫωૈྴᏻ‫׍‬૨й Ⓖᇹӱ⇂⓼ⅲᕊ㤚Ⓖᇹ䢲⡊ॼሠ㇫ᓁ᢬⓼Ⓖᇹӱ˾ てሠ㇫ި̃ᕏ㭙֨ӱ䢲‫ם‬てሠ㇫ިߴ⚍ᕏԱ㐋㑇Ւ ᕊ㤚Ⓖᇹᕊ⚍ᕴՌ‫̃܇‬Ⓖᇹ́ǐ

B. Ⅻ〦Ⓖᇹ 1. ᑕⒼᇹ́ (a) ଫᗊ㐝ᒶၹⓧˏ᡹ॼωૈྴⒼᇹ䢲ᆘ⡅ၹᕍ۞⧀ᆔ оⅲሠ㇫䢲΢ॼ㑁ۛՉໝՇᕲᕍྐྵͯΰωૈྴሠ㇫ ਽ᆓ‫؞‬Ⓖᇹ㑁ͯΰᖥ⾾䢲ၹ࿚㦚ॼሠ㇫̃‫⦰ע‬ള йറᓁⅫ〦䢲͠⚍ᆔо㉚૪ⅲᓁ㟢Ϝⴷώۢᇟօ ၹⅲⅫ〦ǐᆔоᕖᡪ࡚ᑜ㤚˙ԫ〶ၹⅫ〦ᆓ᳦Ⓖᇹ ́ǐၹ㣏ዠϭ͠˗㇔ᑃ䣀 (i) й́ೡᆮ䣀ຯᕖᵨḚⅲ㌪Ͱㄗᒝ䢮㪰ᵨ਋

ᵨǏ४ᤩ㌪Ͱㄗᆘㄼᵨ䢯ۢ䢮ଫᗊ㌪Ͱㄗ ᐷͬ˖ᦔᕖ㧩⍷ήᓁΪঋ㇔ᑃ䢯ήᓁΪঋ ㄗᒝ䢲ଫ䣀Ռ̢ᜬອ࡚ᆘ㘇⻍ᕕ♼࡚䣁 (ii) Ռ‫܇‬ೡᆮ䣀㧩⍷‫ۢ␴ܕ‬〼՝ঃঋⅲՌ‫܇‬〼

՝ㄗᒝᆘ㧛Κᐷͬ䢲⼗ኧᡪⒼᇹ⡅㡃ᕖ⇂ Ḛⅲ㌪Ͱㄗᐷͬ䢲⁳᧊೛͞⻢́▦⟇ۢ⯯ ᕖՌ‫܇‬⒯䢮⩮ᕖ䢯ⅲⒼᇹኧᡪᕊ䢲ۢ͠‫־‬ ֨ᆵᕖ⮛̢‫ݸ‬ᕏ♲۫↠́ⅲᐷͬㄗᒝ䣁 (iii) ПᇇǏ‫ܐ‬૮Ǐ㢻ඩՌ‫ۢ܇‬Ւ೉ᜬ‫♼ف‬᝷䢲

オዠ‫ע‬⢌❢ᆔоࠉェ⿀ᥒǐ (b) ᆔо‫ۿ‬⣵⿀ᥒၹ‫ܙ‬ᆔоዠϭㆲ‫ف‬ㄗᒝۢ ᆘሑ㕹η᳦ 〶‫ۿ‬ၹⒼᇹⅲᚆͬǐଫ㣏໕‫إ‬䢲オ⢌❢ᆔоⅲೡᆮ ᕚ‫ف‬㒴䣀+852 2760 1766ǐ

2. ՞᡹۞⧀Ⓖᇹⅲೡ́ ᆔо‫ۿ‬㑤Ꭰ⿀ᥒၹዠϭ͠˖ B1(a) ᣣᆵዠۢⅲήᓁ㌪Ͱ ㄗᒝ䢲ㆲ‫ف‬ㄗᒝۢ ᆘሑ㕹η᳦〶‫ۿ‬ၹⒼᇹⅲᚆͬǐ ଫᗊၹ㑁ۛՉໝˮᦔᕖྐྵᆔоⅲሠ㇫ᕒᆓ‫؞‬ᇹྴሠ㇫ ި䢲ᆘ⡅ၹᕴ᡹Ꮎ֨ӱ㕹㧎㭙ᑞ㑁ྤ䢲オ⢌❢ᆔоⅲ ᇹឳ㒴䣀+852 2978 9910ᆘ㣌㓀⦰bidsasia@christies. comǐ

3. ଫᗊၹᕲ⣵ዠϭ᢫⌔ⅲᐷͬ ଫᗊᆔоほ᳦䢲ၹᕲ⣵᭸㉚ᆔоയⒼᇹ⡅㌪ͰۢⅫ〦ᆾ

C. ⧂⻍ሠ㇫ 1. 㐭Նሠ㇫ή਽ ᆔоᕖᡪ˙ԫ〶ͯΰ́ૈ㐭Նሠ㇫਽ঃ䢲۞⧀ሠ㇫䢲̷ ‫ۿ‬ሥ⚁዁۫ͯΰⒼᇹǐ

2. ໶ӱ 㡙㤖۷૥‫־‬ᒝ䢲ᆵᕖሠ㇫ި঑ᕖ໶ӱǐ˙೛ᕖ໶ӱⅲሠ ㇫ި䢲ॼሠ㇫ިⴽ⌖ᑢ㑵 • ឳ〦ǐ໶ӱ˙ᕒ㭙ᑞሠ㇫ ިⅲΩⒻΐӱ䢲㡙㤖ሠ㇫ިຄ⁳ⓧ˕ᑜЛㄗ⡊⇂㠛˙‫ۿ‬ ᎆ㘷ⅲᕊ㤚Ⓖᇹӱ㭙ᑞΩⒻΐӱǐॼ᢬ႎᦷ˗䢲໶ӱഩ ⼗〴᳦˙‫ۿ‬ᎆ㘷ⅲᕊ㤚Ⓖᇹⅲӱᙂǐて⓼⁳ⓧ˕ᑜЛㄗ ⅲሠ㇫ިॼ↹㙼ˮ᧚͠ⓡⴽ º♦ ͠㇔ㄦ‫׆‬ǐ

3. ሠ㇫೙̃㔋ႎᡪ ሠ㇫೙‫͠ۿ‬㔋ႎ㑤Ꭰ䣀

171

(a) ሥ⚁዁۫ͯΰⒼᇹ䣁 (b) ͠Ւո೛ᑜབྷഩⒼᇹዠ‫ע‬ᆘሩྯ䢲ᆘ᏾ㅌሠ㇫ިⅲ 㦘໴䣁 (c) ᎆ्ͯΰሠ㇫ި䣁 (d) ഩͯΰሠ㇫ިֱ㟚ሠ㇫ᆘഩՉͬᆘ૨ͬሠ㇫ި‫ܐ‬ϋ ሠ㇫䣁 (e) 㕵㟚ᆘ❲❾Ⓖᇹ䢲‫ڭ‬Ѐຄ⚯˗᝸䣁ۢ (f) ଫᗊᕖ㠛ᑞⒼᇹⅲ㚢れᆘ⡅ḉㄺ䢲ᴰゲᒶॼሠ㇫ᓁ ᆘሠ㇫ྯ䢲㑤Ꭰ❲❾ሠ㇫Ǐ᥾೛ゕᒶᆓ‫؞‬Ⓖᇹ́Ǐ ۪ᩕሠ㇫ިⅲሠ㇫䢲ᆘᒶഩሠ㇫ި㕵ᑕሠ㇫ᆘ֨ ߴǐଫᗊၹ⇂Пሠ㇫೙ॼ዁۫ᆓ‫؞‬ᇹឳᓁಧॼ㚢 れ䢲ၹ࿚㦚ॼሠ㇫ᑽྯ 3 й๼η૰ՇዠϭˏͰで♢ 〦㏽ၹ〷ᥒⅲᕊ㤚㐞≹ǐሠ㇫೙ഩᕴ⮏⇞ら⡃ᄖて 〷ᥒǐଫᗊሠ㇫೙ॼᘿᎯᕴᣣ⻍ϕ㔋ႎᡪ䢲ॼሠ㇫ ೐ᆓྯ᥾೛۪ᩕ֨ߴˏͬሠ㇫ި䢲ᆘᒶഩሠ㇫ި㕵 ᑕሠ㇫ᆘ֨ߴ䢲ሠ㇫೙ᕏ㑞ഩॼሠ㇫ᑽྯⓧ 7 йᑽ ᔦᑽ♼ᖚ‫ע‬㐞≹ᆓ‫؞‬Ⓖᇹ́ǐሠ㇫೙ᕖᕏ♲᥾೛ ᡪǐᕴᣣ˙ॼͯΰႎᦷ˗ྗ㦑ωૈྴϯᎯᕴᜬ‫⿊ف‬ ೛ˮͯΰՒ͔㑗⿊೛䢲ٝሳⓧB(3) E(2)(i) F(4)ۢ J(1) ᣣˮᆵ‫־‬ⅲ۪ᩕᡪ䢲۪ᩕ֨ߴˏͬሠ㇫ިⅲᡪ ‫׊‬ǐ

4. Ⓖᇹ ሠ㇫೙዁۫͠˗Ⓖᇹ䣀 (a) ሠ㇫ᕒ਽۞⧀ⒼᇹⅲⒼᇹ́䣁 (b) ྐྵ㣌づⒼᇹ́䢲‫ݸ‬㐞㑁Christie’s LIVETM䢮ଫⓧB6 㒴ֱᆵ⍷䢯㐕㑁⛈⚊ⒼᇹⅲⒼᇹ́䣁ۢ (c) ሠ㇫̃‫ע‬ዠ̵ωૈྴⅲᕊ㤚Ⓖᇹ䢮̑␴᳦˙ॼ਽Ⓖ ᇹᆘ୮ᇇⒼᇹ䢯ǐ

5. ͞⻢㇫ᑜⒼᇹ ሠ㇫೙‫ۿ‬㑤Ꭰ͞㇫ᑜⒼᇹⅲᑜབྷ㐧❾Ⓖᇹᆘ्͠ᅠՒ͔ Ⓖᇹ⡅ⅲᇹឳ⡊Ⓖᇹⅲᑜབྷ䢲↿⦰㑇‫׍‬໶ӱ͠˗ǐሠ㇫ ೙˙ᕒṁ‫׆‬ቋᒝ᢬˾͞⻢㇫ᑜⅲⒼᇹǐሠ㇫೙˙ᕒ͞⻢ ㇫ᑜη֨⇂⓼ᑞᆘ㭙ᑞ໶ӱ̃֨ӱǐെ˙〴໶ӱⅲሠ㇫ ި䢲ሠ㇫೙㐞ັᕒ͠ΩⒻΐӱⅲ 50% 㟚୥ሠ㇫ǐଫᗊ ॼ᢬ӱΨᦔᕖ́Ⓖᇹ䢲ሠ㇫೙‫⻍⦪͠ۿ‬ᑈ㔋ഩӱᙂ˗㡈 ❲❾ሠ㇫䢲↿⦰ᕖ́Ⓖᇹ䢲ᵁྯྐྵてӱΨ‫˖ܙ‬ሠ㇫ǐଫ ᗊᴰ́Ⓖᇹてሠ㇫ި䢲ሠ㇫೙‫⿏ۿ‬てሠ㇫ި᳦ᨤሠሠ㇫ ިǐ

6. Ⓖᇹӱ㑏઎ູ༂ Ⓖᇹ㐞ັྐྵΩᑞΩⒻΐӱ㟚୥䢲ᵁྯ㐖᢭઎‫؟‬䢮Ⓖᇹӱ 㑏઎ູ༂䢯ǐሠ㇫೙ᕒ⦪⻍ո೛Ⓖᇹ㟚୥ӱΨۢ㑏઎ູ ༂ǐॼ⛈ঋhttps://www.christies.com/en/help/buyingguide-important-information/financial-information㧩⍷ ⅲᒶˏ⧝㑏઎ູ༂䢲ӆϭၹ۞⡃ǐ

7. ㆸ໏Դዪ ሠ㇫ᕒⅲ㧩⍷ᖳǏChristie's LIVETM‫ݸ‬ωૈྴ⛈⒩‫ۿ‬⣵ ᕒ͠ሠ㇫਽₤ঃㆸ໏૥ⅲ˹⿀ㆸ໏Ϝൢ⍷Ⓖᇹǐͯΰω ૈྴϕⅲԴዪἒӆηቋཛ䢲ωૈྴ˩˙۫Ւ☼ᖚǐയ ᑞॼዠϭてᕚ‫֨ف‬ήⅲͯΰ㚢れ䢮᳦́ᆘՒ೉䢯䢲㑦ᮈ ᆘᐅ㢅䢲ωૈྴ˩˙ㆱㆼǐ

8. ᆓ‫؞‬Ⓖᇹ 㡙㤖ሠ㇫೙ո೛ϕ͠˖ C3 ᣣˮⅲ㔋ႎᡪ䢲ሠ㇫೙˗ ᝸‫⻢ڭ‬⍷യᕏ♲Ⓖᇹӱ̃዁۫ǐ㐝͞⻢㇫ᑜ‫ݸ‬ᆓ‫؞‬Ⓖᇹ ́̃㟢ⅲ㇅㇫‫〖̃☼ܐ‬⒤ǐᆔоӆ‫ܙ‬ຄⅫ〦ⅲᆓ‫؞‬Ⓖᇹ ́㟚ՓⅬ⎡ǐሠ㇫ྯᆔоᕒ͠㓀೸ۢ ᆘ㣌ಠ㓀ͬᑜབྷ Ⅼ㐋Ⅼ⎡䢲΢ᆔо˩˙ㆱㆼ㐞≹ၹⒼᇹᒶ‫ܫ‬ᆓ‫؞‬ǐଫᗊ ၹ͠ᕊ㤚Ⓖᇹ䢲ሠ㇫ྯၹᅠԍ࿳͠㣌づ⢌❢ᆔоᆘ⿟⦨ ᕴՌ‫܇‬ᘀずⒼᇹ♼ᗊ䢲͠㑫Ե⁧⁥˙࿚⿀ⅲиԞ㇉ǐ

9. Ⓖᇹঃ᧊ྮ ₤ၹॼᆔоⅲሠ㇫ˮⒼᇹᓁ䢲ၹ‫ܔ‬Ⴭၹᕒरᙂ㑡್ᆵᕖ ॼሠ㇫ᓁ⁥ᐇ˩㑗ᑞ⇂㠛ሠ㇫਽ᆵⅲ₤ঃ᧊ྮۢ᧊ ⿊ǐ

%. ㇅ᑜ㔦㕹ۢ␕ᢍ

1. ㇅ᑜ㔦㕹 ᆓ‫؞‬Ⓖᇹ́㡙Ᏽ͖⭷᝸ӱ૥䢲̷‫ܔ‬ჍᏵ͖ᕴՌ‫͠܇‬て ሠ㇫ި⭷᝸ӱ〚┲ⅲ㇅ᑜ㔦㕹ǐ㔦㕹㇉ἒቍ᣷ͬ ሠ㇫ި⭷᝸ӱ㩾᫓໏ 7,500,000 Ԭ̃ 26% 䣁‫؟‬㐶᫓໏ Ԭ͠˖⦰᫓໏ 50,000,000 Ԭ㒴ֱ̃ 21% ‫؟‬㐶᫓໏50,000,000Ԭ͠˖̃15%〚┲ǐ ‫ܕ‬㔑ϡ૥䣀‫ܕ‬㔑ⅲ㇅ᑜ㔦㕹ቍ⭷᝸ӱ̃25%〚┲ǐ

172

2. ␕㇉ ᆓ‫؞‬Ⓖᇹ⡅ഩㆱㆼᆵᕖ㑗ሠ㇫ި␕㇉䢲ٝሳ઎Ѣ␕䢲 㘷ߴᆘ⼽Ԑϕ␕㇉ᆘ⡅ᆵᕖ਎ᑞ⭷᝸ӱ‫ݸ‬㇅ᑜ㔦㕹⡊ ⁧⁥ⅲて⓼␕㇉ǐ㇅ᑜᕖㆼͯᘀᒝ˩Ᏽ͖ᆵᕖᅠ͖␕ ㇉ǐॼͯΰႎպ˗㪁᫓᧊ྮԱ᥾㑗ǐωૈྴཇㄺၹ࿋ ずỵ⒤␕‫ف‬Ⴭ⿉ǐ ᕖ㠛ωૈྴ㐾㐋⦰⟞४ⅲሠ㇫ި䢲˙ゲ㇅ᑜ४△ᆘՌᤩ ㌪Ͱ䢲঑‫ۿ‬⣵㦚Ᏽ͖਎ᑞ⭷᝸ӱ䢲㇅ᑜ㔦㕹‫ ݸ‬ᆘ⧀ሠ ㇫ި⇂㠛ⅲՒ͔㇉⡊⁧⁥ⅲ๷㘷ߴ␕ᆘϕ␕㇉ǐω ૈྴഩᘿᎯ᧊ྮ⿀ᥒᏻ۪㘷ߴ␕ǐ㑗㘷ߴ␕ἒ⁳ሠ㇫ ިഩ㐾㐋‫׍‬ⅲ๷ֱ䢲✥䢲ঃ㷠⡊ո೛ǐ⿀ᥒㅧԵ㘷ߴ␕ ⅲᆓ‫؞‬Ⓖᇹ́࿚㦚ॼዠ۪ሠ㇫ި̃‫ܙע‬ωૈྴዠϭ㑗₤ ᐷͬǐωૈྴ˙㦚ᏻ۪␕㇉ⅲ๷ֱ䢲ᆓ‫؞‬Ⓖᇹ́‫ۿ‬⣵㦚 ❩͖␕㇉̠て๷ֱⅲ␕‫៬ف‬᝷ǐωૈྴཇㄺၹ࿋ずỵ⒤ ␕‫ف‬Ⴭ⿉ǐ

&. Лㄗ

1. ㇫ᑜЛㄗ യᑞ᣷ͬሠ㇫ި䢲㇫ᑜЛㄗՒ䣀 (a) ᳦ሠ㇫ިⅲᆵᕖ́䢲ᆘሠ㇫ިⅲՏᕖ́̃ˏ˩Ỿྴ Ւ͔Տᕖ́ⅲ〶‫ۿ‬䣁ᆘ⡅䢲ଫᗊ㇫ᑜ˙ᒶሠ㇫ިⅲ ᆵᕖ́ᆘՏᕖ́̃ˏ䢲ՒຄỾྴᆵᕖ́ⅲኧᡪ֨ߴ ሠ㇫ިᆘՒॼ᧊ྮ˖ᕖᡪ㐝㷆ѷ䣁ۢ (b) ᕖᡪ‫׊‬ഩሠ㇫ިⅲᆵᕖᡪ㎢ㅒ⚍㇅ᑜ䢲˞てᡪ‫˙׊‬ ㆱᎪͯΰ㡋‫ד‬ᆘͯΰՒ͔́̃♚㇨ᡪǐ ଫᗊ͠˖ͯΰЛㄗ˙⌔ഓ䢲㇫ᑜ˙࿚Ᏽ͖㈹㑁ၹຄ‫ܙ‬ᆔ оᏵ͖ⅲ㈂㇅ᢍ㦗䢮で⿉͠˗ⓧF1(a)ᣣ೛⟵䢯ⅲ㕹㧎ǐ ㇫ᑜ˙ᕒെၹ‫׊‬ᯍ˖ᆘ⚯᷌ⅲጐ૷Ǐ㦠ᕩಧᢍǏࠉ៬ࡖ ૷ᆘ‫׊‬ၔⅲጐ૷ǏᆓᕴǏ㇨Ԑ㕹ǏՒ͔㇨ԐᆘᏵ֨ᇥᎪ ㆼͯǐ㇫ᑜ˙െͯΰሠ㇫ިዠϭͯΰ͠˖‫̃⧂־‬૥ⅲЛ ㄗ䣁‫ۿ〶ྮ᧊⿀ۺ‬䢲ᆵᕖ㇫ᑜയၹѷ֨ⅲЛㄗۢ᧊ྮ⿀ ᥒ‫؟‬Նᕴ‫ژ‬ㄺⅲᆵᕖՒ೉㇫ᑜㆼͯ঑⼗Ե㡙ǐ

2. ⇞ިЛㄗ ॼ˙ሌ』͠˗ᚆᢍⅲႎᦷ˗䢲ᕴՌ‫܇‬Лㄗᆔоሠ㇫ⅲሠ ㇫ި㓅ᒶ⇞ި䢮ᆔоⅲğ⇞ިЛㄗĠ䢯ǐଫᗊॼሠ㇫ᑽ ྯⅲ̩ໝՇ䢲ၹ㐞≹ᆔоၹⅲሠ㇫ި˙ᒶ⇞ި䢲ॼⓡ‫ܐ‬ ͠˗ᚆᢍ⿊೛̃˗䢲ᆔоഩᇰၹᏵ͖ⅲ㈂㇅ᢍ㦗㐊㑰⚍ ၹǐᜬ‫⿊ف‬೛ⅲし‫⼲⻢ٺ‬ᕖയğ⇞ިĠˏしѷ֨⿾㕳ǐ ⇞ިЛㄗᚆᢍଫ˗䣀 (a) ᆔоയॼሠ㇫ᑽྯ 5 ໝՇዠϭⅲ⁵♚㐞≹ዠϭ⇞ި Лㄗǐ᢬ᕩ㡋㑁ྯ䢲ᆔо˙՞ዠϭ⇞ިЛㄗǐ (b) ᆔо‫ۺ‬ᕒയᕴ↹㙼ዟ㏽ⓧˏ⻍䢮ğឳ㧍Ġ䢯͠૯㡹 ದ㭕᧚ᒝⅲ㇔ᑃη֨⇞ިЛㄗǐ㡙̞ឳ㧍ˮ㧩⍷ⅲ ㇔ᑃ䢲ᆔо˙യͯΰឳ㧍͠૥ⅲ㇔ᑃ䢮ٝሳឳ㧍͠ ૥ⅲ૯㡹ದ㭕᧚ᒝ䢯η֨ͯΰЛㄗǐ (c) ⇞ިЛㄗ˙㑗ᕖЛ₏ឳ㧍ᆘͯΰᕖЛ₏ⅲ㒴ֱឳ 㧍ǐᕖЛ₏ᒶቋ۫㡋ᑞሠ㇫ި↹㙼ዟ㏽Շⅲ⿾㕳䢲 ᆘ⡅ឳ㧍ˮᕖğ㕵⿀㐞‫↹ۢ݋‬㙼⛷‫־‬ᑜ᧊̃をᒝĠ ՇᕖЛ₏ឳ㧍ⅲᗮ̮ದ⇶ǐϡଫ䣀ឳ㧍ˮയğほ᳦ ᒶ ̃ηިĠⅲϕቋωૈྴほ᳦ሠ㇫ި‫ۿ‬⣵ᒶᗮ ΨⳔ⻒೰ⅲηި䢲΢ᒶωૈྴ˙Лㄗてηިˏ೛ᒶ てⳔ⻒೰ⅲηިǐॼⒼᇹ‫ע‬䢲オ㟼ₖğᕖЛ₏ឳ 㧍Ġ‫ۢ⻢־‬ሠ㇫ިⅲ↹㙼ዟ㏽ǐ (d) ⇞ިЛㄗ㑗ᑞ⼗ሠ㇫ᕒ㐞‫݋‬У〖ྯⅲឳ㧍ǐ (e) ⇞ިЛㄗ˙㑗ᑞॼሠ㇫̃ྯ䢲ೀ⻒Ⅼൢര⦱⼗ᓢ 㑀዁۫ⅲೀ⡅ᆘപ೰Ⴭ⿉ᕖᆵ᏾ㅌǐ᢬Лㄗ̷˙㑗 ᑞॼሠ㇫ᑽᓁ䢲ឳ㧍ⓡ‫⼗ܐ‬ᓢ㑀዁۫ⅲೀ⡅ᆘപ ೰ⅲჍ⿉䢲ᆘឳ㧍ቋ֨Ⴭ⿉⻙⑪ⅲঃᑜǐ (f) ଫᗊሠ㇫ި‫ۺ‬ᕖ㐞㑁⏴ೀ㞚೛ᑜ᧊ᇀ⣵㞚೛֨˙ᒶ ⇞ި䢲⡊ॼᆔо֨ḛ↹㙼̃ᑽ䢲て⏴ೀᑜ᧊㑰ᕲಧ ॼᆘᕲ⼗ᓢ㑀዁♅䢲ᆘӱᙂ૱ᒑ㇂ᆘ˙ഓ㢄䢲ᆘ⡅ ‫ۿ‬⣵ጐિሠ㇫ި䢲‫ި⇞ם‬Лㄗ˙㑗ǐ (g) ⇞ިЛㄗӆ㑗ᑞሠ㇫ިॼሠ㇫ᓁ⁳ωૈྴⅬ֨̃ Ⅼ⎡̃‫ۈ‬ᕴ㇅ᑜ䢲˞ӆॼ⁵♚㐞≹ѷ֨̃ᑽ‫ۈ‬ᕴ㇅ ᑜᒶሠ㇫ިⅲߵˏᆵᕖ́䢲˞ሠ㇫ި˙۫Ւ͔⁵♚ ᡪǏᡪ‫཯˹׊‬ᆘͯΰՒ͔‫☼ד‬ⅲ㡋‫ד‬ǐ᢬⇞ިЛㄗ ˮⅲ‫͠ۿ˙↠׊‬㎢ㅒǐ (h) ⿀⁵♚⇞ިЛㄗ˗ⅲᡪ‫׊‬䢲ၹ࿚㦚䣀

(i) ॼሠ㇫ᑽྯ 5 ໝՇ䢲‫ܙ‬ᆔоዠϭᕊ㤚ⅲ⁵ ♚㐞≹ǐᆔо‫⿀͠ۿ‬ᥒၹዠϭ˖㏽⁵♚೐ ᐦⅲ♢╈ۢΫㄗㄗᎯ䣁 (ii) ωૈྴᕖᡪ⿀ᥒၹዠϭ᳦ωૈྴۢၹ঑̢

Ա‫ܔ‬Ⴭⅲॼ᢬ሠ㇫ި㦨৶⼗ほ‫ۿ‬ⅲՉΨപ

೰ⅲᕊ㤚Ⴭ⿉䢲⌔ほてሠ㇫ި˙ᒶ⇞ިǐ ଫᗊᆔоᕖͯΰ₸ࠑ䢲ᆔоЛ₏⦪຃Ᏽ͖ ㇉Ỿ۪ᕇ૨Ⴭ⿉ⅲᡪ‫׊‬䣁ۢ (iii) ⦪㇉̵्⧀ሠ㇫ᓁṸᦷ⇂‫ܔ‬ⅲሠ㇫ި⚍ω

ૈྴሠ㇫਽ǐ (i) ၹॼᕴ⇞ިЛㄗ˗ߵˏⅲᡪ‫׊‬െᒶ۪ᩕて㦗ሠ㇫ۢ ्۪ຄ͖ⅲ㈂㇅ᢍ㦗ǐॼͯΰႎպ˗ᆔо˙㦚Ᏽ ͖ၹ㈹㑁ၹຄ‫ܙ‬ᆔоᏵ͖ⅲ㈂㇅ᢍ㦗ⅲ㕹㧎䢲‫ܔ‬ᓁ ᆔо̑ᴰ㦚യͯΰ‫׊‬ᯍᆘ⚯᷌ጐ૷Ǐࠉ៬ᆘӱѢࡖ ૷Ǐ㦠ᕩಧᢍᆘ‫׊‬ၔǏᆓᕴǏ㇨Ԑ㕹ᆘՒ͔㇨Ԑᆘ Ᏽ֨ᇥᎪㆼͯǐ (j) ᕊ△ǐ ଫᗊሠ㇫ި᳦ᕊ△䢲ᆔоዠϭ㧎૥⦪ሠ㇫ᑽ㈯᳦ᕩ 14૰ⅲЛㄗ䢲ଫ⚯ᘬയྯ䢲ሠ㇫ިⅲᐷᕴᆘॱឳಧ ᕖῂ⃍䢲ॼ͠˗ᚆᢍⅲ⿊㡋˗䢲ᆔоഩ㐊्ຄ͖ⅲ ㈂㇅ᢍ㦗䣀 (i) ᢬㧎૥Лㄗ˙㑗ᑞ䣀

(A) ➚ള⑤Ⅽ㦓Ǐᆼ㦓ǏЛㄼ㦓Ǐ༶‫݋‬Ǐۢ ᕊ△㞲㑵ⅲ⊶ጐǏᥪᮠǏ㑵⛲⌹ጐᆘՒ ೉˙ྗ㦑ᐷᕴۢॱឳ೐ᐦသⅲῂ⃍䣁

(B) ❡ ॱ Ǐ ▦ ‫ ܕ‬Ǐ ᕊ П ᆘ ᆾ ␼ 䣁 ຯ ᕖ ▦ ‫ܕ‬ ⅲᵨḚǏ㦈ស߷ḚǏঃॱ՝Ǐঃॱᆘᕩ ֵ䣁

(C) ᦔᕖឳ㧍ⅲᕊ△䣁

(D) ᦔᕖឳᒝΐӱⅲຄ֨ߴሠ㇫ި䣁

(E) ↹㙼ˮ⻢ᒝߴ֨ྯ˙‫ۿ‬㐊ㆸⅲᕊ△䣁

(F) Ṹպ਺‫݋‬ˮᆘሠ㇫ᓁՌ‫݋‬ⅲῂ⃍ǐ

(ii) ⿀ᘿᎯᕴᚆ⿊೛⁵♚ᡪ‫׊‬䢲ၹ࿚㦚ॼሠ㇫ ྯⅲ14૰Շെᕖ㠛ῂ⃍ዠ̵ᕊ㤚㐞≹䢲˩ ̵्⧀ሠ㇫ᓁṸᦷ⇂‫ܔ‬ⅲሠ㇫ި⚍₤ᓁ㐭 ⻍ሠ㇫ⅲωૈྴሠ㇫⻍ǐ (k) ᖥ‫̯ڙ‬ήۢ͞₤͞Ⳕ⻒ۢ͠ˮ४ᕊ₝ǐ ⇞ިЛㄗ˩˙㑗ᑞ᢬㧛‫׆‬ሠ㇫ިǐ↹‫ע‬ೀ⻒₇˙ ೲ〶യ᢬㧛‫׆‬η֨⌔ഓ̃をᒝ䢲΢ωૈྴ‫ܔ‬Ⴭ۪ᩕ ⼗ㄗഓ᳦㈚ި̃ᖥ‫̯ڙ‬ήۢ͞₤͞Ⳕ⻒ۢ͠ˮ४ᕊ ₝ሠ㇫ި̵̃ᒢǐຄ͖̃㈂㇅ᢍ㦗‫ם‬ᘿᎯωૈྴ⇞ ިЛㄗⅲᚆᢍ㐊㑰̠‫ۈ‬ᕴ㇅ᑜ䢲΢㇅ᑜ࿚㦚ॼሠ㇫ ᑽྯ12йᕕՇ䢲‫ܙ‬ᆔоዠϭᕊ㤚ⅲ⁵♚㐞≹ǐᆔо ‫⿀͠ۿ‬ᥒၹዠϭ˖㏽⁵♚೐ᐦⅲ♢╈ۢΫㄗㄗᎯǐ ㇅ᑜ㣏ቍ͠˖ E2(h)(ii) ⅲ⿊೛ዠϭ͟ωૈྴ᭸Ⴭⅲ ㄗᎯ䢲ㄗഓてሠ㇫ި᳦㈚ި䢲ۢ㦚ቍᵨ͠˖ E2(h) (iii)⿊೛̵्ሠ㇫ި⚍ᆔоǐE2(b),(c),(d),(e),(f),(g) ‫(ݸ‬i)㑗ᑞ᢬㧛‫̃׆‬⁵♚ǐ (l) ˮ४Ǐᑽᕴۢ㥳४๼Ⳕި䢮ˮ४Ǐᑽᕴۢ㥳४ᕊ ₝Ǐḛ₝Ǐ♘ዟۢὛഡ㡙૥䢯ǐ ͠˖ E2(b)–(e) ॼ᢬㧛‫׆‬ሠ㇫ިഩηУ᏾ଫ˗ǐ₤ ‫׾‬η⡅ᆘⳔ⻒೰ᕲᕖ‫־‬ᒝᓁ䢲ᆔо˙ӆ᳦ឳ㧍η֨ ⇞ިЛㄗ䢲˩ᕒയᕴ↹㙼ዟ㏽ⓧ̣⻍͠૯㡹ದ㭕᧚ ᒝⅲᕖ㠛ᑽᕩᆘᓁᕩⅲ㇔ᑃዠϭ⇞ިЛㄗ䢮ğ‫׺‬ឳ 㧍Ġ䢯ǐ͠˖E2(b)–(e)ᆵᕖዠۢឳ㧍̃ⴷᅠ⼗ώ⿾ ᳦ឳ㧍ۢ‫׺‬ឳ㧍ǐ (m) ⧀‫ܕ‬㔑ۢᳰ㔑ᕖ㠛ⅲЛㄗǐ

(i) 㡙ωૈྴቍ᢬⇞ިЛㄗᕖᆵ዁۫ⅲㆼͯ ૥䢲㇫೰ǏωૈྴǏωૈྴӫ޻ᆘ͞ώ́ ঑˙ᕒയͯΰᕖ㠛ሠ㇫ިⅲ‫׾‬η⡅Ǐ⁧ ঃǏᑽᕩǏໝ͞Ǐηިᢷ൲Ǐ⇞ഓသᆘϜ ᬜᆵηⅲͯΰ㡣㏽ⅲ⇞⌔သᆘെͯΰՒ͔ ᕖ㠛ᑞͯΰሠ㇫ިⅲͯΰ➚㡧ᆘῂ⃍ᆵη ⅲ㚢れዟ㏽ㆱ˖ㆼͯǐ᢬૥䢲㇫೰Ǐωૈ ྴǏωૈྴӫ޻ᆘ͞ώ́യͯΰሠ㇫ި঑ ˙η֨ͯΰЛㄗ˞ͯΰᒝ⍷ᆘ㷛ほⅲᚆᢍ ᆘᚆͬ঑⼗Ե㡙䣁 (ii) ଫᗊ(1)ॼሠ㇫ᑽྯ̣‫ˏډ‬ᑽՇ䢲ωૈྴ዁

Ỿͯΰሠ㇫ިⅲ㇅ᑜᆵዠ̵ⅲᕊ㤚㐞≹䢲 ₤ˮ⻢⍷ቍ㇅ᑜⅲჍ⿉ほ᳦ॼሠ㇫ᑽ̃ᓁ てሠ㇫ިᕖ≿➚ᆘጐ⡔ⅲႎᦷᆘॱ㙼ᆵ㍭ ⅲͯΰჍ⿉˩ᴰᘿᎯ䢲(2)ॼて㐞≹ⅲ‫ډ‬ो ᑽՇ䢲ωૈྴ┹ᕖてሠ㇫ި⡊てሠ㇫ިⅲ Ṹᦷ⧀ሠ㇫ᑽᓁⅲṸᦷˏូۢ(3)ॼ᢬ྯᑞ ‫ܐ‬ώᓁ㟢Շ䢲㇅ᑜ⣵૫᭸㉚ωૈྴてሠ㇫ ި‫ݸ‬㇅ᑜ㐞‫݋‬Շᆵ㏽ˏ⦱䢮⿉‫ע‬㏽䢯⡊㇅ ᑜ‫͠ۿ‬ഩሠ㇫ިⅲ⨑ଦ⡊ഹ‫̵ۿ‬ᒢⅲ⁧ᡪ ᑞᦔᕖͯΰ₏⟄ᡪᆘ⁧ᡪㆱᎪⅲႎᦷ˗η ㎢ㅒ䢲‫ם‬ωૈྴഩᕒᏂ⟄̵ᒢ˩㐊㑰㇅ᑜ

Ւെሠ㇫ިᆵ͖ⅲᢍ㦗ǐᵁ⡊䢲ଫᗊ(i)ῂ ⃍ॼ↹㙼ˮᕖᆵዟ㏽䣁ᆘ(ii)ॼሠ㇫ᑽⅲॱ 㙼ዟ㏽ⓡ‫ܐ‬₤ᓁ⼗ᓢ㑀዁۫ⅲೀ⡅ᆘപ೰ Ⴭ⿉ᆘຄ⚯ቋ֨Ⴭ⿉⻙⑪ⅲঃᑜ䣁ᆘ (iii) ㇅ᑜॼ㐞≹ˮᆵቋ֨ⅲሠ㇫ިⅲṸᦷ䢮⿉ ‫ע‬㏽䢯‫ۺ‬ᕖ㐞㑁ॼ֨ḛ↹㙼̃ᑽ㑰ᕲಧॼ ᆘᕲ⼗ᓢ㑀዁♅ⅲ⏴ೀ㞚೛ᑜ᧊ᆘॼሠ㇫ ᑽӱᙂ૱ᒑ㇂ᆘ˙ഓ㢄ᆘ⡅‫ۿ‬⣵ጐ೭ሠ㇫ ިⅲᑜ᧊ᇀ‫͠ྴۿ‬ㄗᒝ䢲‫ם‬㇅ᑜ˙‫ۿ‬Ỿྴ ᢬ᚆᢍ˗ⅲᡪ‫׊‬䢮۞⿉െጐ⡔ۢ㔑ਫ਼ⅲҧ ᧚䢯䣁 (iii) ㇅ᑜᴰᡪቍ᢬⇞ިЛㄗη֨⇂᣻Ւെሠ㇫ ިᆵ͖㕹㧎ᕇ㭙̃♚Ԑǐ㇅ᑜᴰᡪെՒᆵ ⯄۫ⅲͯΰ↿዁ᆘ㟢዁ⅲጐ૷Ǐ㐧ຯጐ૷ ᆘጐ೭η֨⁵♚䣁 (iv) ᢬⇞ިЛㄗⅲᡪ↠˙‫ۿ‬η㎢ㅒ䢲ӆ᳦ቍω ૈྴॼሠ㇫ᓁെሠ㇫ިᆵⅬ֨̃‫ۈ‬୥Ⅼ⎡ ᆵ㍭̃㇅ᑜᆵỵᕖ䢲˞㇅ᑜ㣏ॼሠ㇫ྯയ ሠ㇫ިቈᕖᴰ㟢ᑚ⡊ᕲᕖ⁧ᡪㆱᎪ̃᎛ᕖ ᡪǐ

3. ၹⅲЛㄗ (a) ၹЛㄗᑞ♼┲ⅲ㇔㕹⧀Ṱ⟀᨞‫ؽ‬䢮ٝሳ㐍␕䢯ᦔ ᕖͯΰ㠛Ѓ䢲⡊ၹᦔᕖ਎ᑞ᧽㚕Ǐျဏ᨞‫ؽ‬ᆘՒ͔ ⟀⻍⡊⼗゠ᘀ䢲㈯〷ᆘ೛⟀ǐ (b) ଫᗊၹ͠͞ώ́㌪Ͱ᳦ᕏ♲㇅ᑜ㐭⻍Ⓖᇹ䢲⡊᢬ᕏ ♲㇅ᑜᕒॼλ‫ܙ‬ᆔо᳦ሠ㇫ި͖ᢍ̃‫ܙע‬λዠϭ㇔ 㕹䢲ၹЛㄗ䣀 (i) ၹຄ⚯യᕏ♲㇅ᑜ㐭⻍࿚⿀ⅲೡᆮ↯⢓゠ᘀ䢲 ˩ຄ⚯㑡್ᆵᕖ㑗ⅲ‫᧽ۥ‬㚕䢲ᇅᎢျဏֱಠ ㇔㕹▲㢣ۢ‫ྮ᧊⼨ד‬䣁 (ii) ၹഩ‫ܙ‬ᆔоሃ㣹ᕏ♲㇅೰䢮ٝሳՒͯΰ⢓޻䢲 ᕏ♲۫↠́ۢ͠͞⻢Ւ⻍̢ⅲͯΰ́ૈ䢯ⅲ㌪ Ͱ䢲˩ᅠᆔоⅲ⿀ᥒዠϭᐷͬ͠㬡ㄗՒ㌪Ͱ䣁 (iii) ၹ‫ݸ‬ᕏ♲㇅ᑜ̃㟢ᕖ㠛ሠ㇫ިᆘՒ͔ᑜ㤚ⅲ೎ ኱˙ᒶ᳦̞೐Ոᆘ㒴ֱЀᑞͯΰ␕‫⻍⟀ف‬䣁 (iv) ၹ˙≹ᔩ˩˞ᦔᕖώ⁳ᅿ₸ᕏ♲㇅ᑜ䢮ᆘՒ⢓ ޻䢲ᕏ♲۫↠́ۢ͠͞⻢Ւ⻍̢ⅲͯΰ́ૈ䢯 ⼗‫־‬Ն‫࡚ܕ⼨ד‬䢲ॏ᧽㚕䢲ျဏ᨞‫ؽ‬ᆘՒ͔⟀ ⻍⡊⼗゠ᘀ䢲㈯〷ᆘ೛⟀䢲ᆘᑞ♼┲ⅲ㇔㕹 ⧀Ṱ⟀᨞‫ؽ‬䢮ٝሳ㐍␕䢯ᕖ㠛䣁 (v) ଫᗊၹᒶᘿᎯᢜᨕ⚯ᰵ‫ྮ᧊ڈ‬䢲ᆘᘿᎯՒ͔⧀ ᢜ↮ⓧ4ᚆ᧽㚕ቋ͟ᕖ⓼ᐇ⿀ᥒⅲ‫┹᧊܇‬㎝‫ڈ‬ ⅲ᧊ྮ˗ॏ‫᧽ۥ‬㚕↹ⅲ⼗↰┹ⅲ́ૈ䢲⡊ᆔо ॼၹ〼՝ᓁᦔᕖ⿀ᥒၹዠϭᐷͬϜ㬡ㄗᕏ♲㇅ ೰ⅲ㌪Ͱ䢲ၹ‫ܔ‬Ⴭᆔоഩϯㇻၹെᕏ♲㇅೰㐭 ⻍ⅲ↯⢓゠ᘀ䢲˩‫ܔ‬Ⴭഩॼ⁳̵ᒢ̃ᑽ㈯˙ള ᑞ5ໝⅲᕩ㟢⼲Лಧ↯⢓゠ᘀⅲㄗᒝ‫ݸ‬㬡ㄗᐷ ͬǐၹഩᘿᎯᆔоⅲ⿀ᥒዠϭ᢬㧛ᐷͬϭ‫ڭ‬ᓁ ᠟ᘀǐ '. ͖ᢍ

1. ͖ᢍᑜབྷ (a) ሠ㇫ྯ䢲ၹ࿚㦚⒤‫ڭ‬Ᏽ͖͠˗㈂㇅ᢍ㦗䣀 (i) ⭷᝸ӱ䣁‫ݸ‬ (ii) ㇅ᑜ㔦㕹䣁‫ݸ‬ (iii) ͯΰ㠛␕Ǐᕖ㠛ㆸḵǏ㘷ߴǏϕǏ⼽Ԑᆘᕚ ‫␕ف‬㦗ǐ ᆵᕖᢍ㦗㦚ᑞሠ㇫ྯ7йᑽᔦ૰Շၣᐪ͖᪹ 䢮ğ‫׍‬ᕩ͖ᢍᑽĠ䢯ǐ

(b) ᆔо‫ۺ‬዁۫Ⅻ〦Ⓖᇹ͖́ᢍǐⅬ⎡ˏᑾ㟚Փ䢲Ⅼ⎡ ˖㇅ᑜⅲ୭‫˙ܕ‬⣵ᕇዪ䢲ᆔо̷˙⣵͠˙‫ܔ‬୭‫ܕ‬㕵 ᑕ㟚ՓⅬ⎡ǐ‫ڭ‬ϕၹᢁഩሠ㇫ި֨۴˞㣏⿀֨۴〶 ‫ۿ‬ㄗ䢲ၹ̑࿚㦚⒤‫ڭ‬Ᏽ͖͠˖ᢍ㦗ǐ (c) ॼ㪁᫓ωૈྴ㈂㇅ⅲሠ㇫ި䢲ၹ࿚㦚ቍᵨⅬ⎡˖㧩 ⍷ⅲㆸ໏͠˗‫־‬ᑜབྷᏵ͖䣀 (i) ωૈྴ㐞㑁MyChristie’s⛈˖ㇴᆮ᳦ೡ́ዠϭ ᘀ⇐Ⅼ⎡Ǐ͖ᢍۢ㐾㐋ᕚ‫ف‬ǐၹ‫↿ۿ‬዁Ⅻ㙼 ᘀず ଫၹ㑰ᕲ〼՝⛪˖ㇴᆮ䢲オⅫ㙼 www. christies.com/MyChristies㐭⻍〼՝ ǐᕴᕚ ‫ف‬㑗ᑞ૯૨ᐪሠ㇫ި䢲΢͐ᕖളᐪሠ㇫ިⅲ ͖ᢍ‫ݸ‬㐾㐋೎኱˙⣵㐞㑁⛈˖㐭⻍ǐଫ㣏‫ژ‬ ‫إ‬䢲オ⧀ߴྯᕚ‫ف‬㒴⢌⚊ǐ (ii) 㣌‫⦰ٺ‬䣀 㪁᫓˖ᩄ‫ٺ‬ㅵ㘇⻍✼⻍

㪁᫓ˮ‍ⅴ‫ܖ‬૯㑆ˮ1ⴽ 㘇⻍⛷ⴽ䣀004 ㇴⴽ䣀062-305438-001 ㇴ‫ܕ‬䣀Christie’s Hong Kong Limited ᏻᢍ㘇⻍͞ⴽ䣀HSBCHKHHHKH (iii) П‫ڠ‬ ॼⓡ‫ܐ‬ᆔоⅲ⿊೛˗䢲ᆔо዁۫‫⿀˹␱܍‬П ‫͖ڠ‬ᢍǐᕴՌ‫܇‬᣷᡹ሠ㇫዁۫✼ᐪ˙㈹㑁᫓໏ 1,000,000Ԭ̃ή਽П‫͖ڠ‬ᢍ䢲΢ᕖ㠛ᚆᢍ ۢ㡋‫ד‬㑗ǐ͠ˮ४㘇⢌Ᏽ͖ᑜབྷᦔᕖ㕹㧎 㡋‫ד‬ǐଫ⿀͠ğቈ‫ॼ˙́ڠ‬਽Ġ(CNP)ⅲᑜབྷ Ᏽ͖䢲ᕴՌ‫܇‬᣷᡹ሠ㇫዁۫✼ᐪ˙㈹㑁᫓໏ 1,000,000Ԭ͖̃ᢍǐCNP͖ᢍ˙㑗ᑞᆵᕖ ωૈྴሠ㇫਽䢲˩۫ᗮ̮㡋‫ד‬ǐ㑗ᑞП‫ڠ‬ ͖ᢍⅲᚆᢍ‫ݸ‬㡋‫ྐྵۿד‬ωૈྴⅲߴྯᕚ‫ف‬㒴Ỿ ۪䢲でႎ‫־‬ᑞ͠˗(d)ᣣǐ (iv) ή㕹 ᕴՌ‫܇‬᣷ໝ‫ۺ‬዁۫᣷Ψ㇅ᑜᑞߴྯᕚ‫ف‬㒴η✼ ᐪ˙㈹㑁᫓໏80,000Ԭ̃ή㕹͖ᢍ䢮㦚۫ᕖ 㠛ᚆͬ☼ᖚ䢯ǐ (v) 㘇⻍‫⎡ٺ‬ ሄ㦷オ᧚ᒝǙωૈྴ㪁᫓ᕖ㡋Ռ‫܇‬ǚ䢮㦚۫ᕖ 㠛ᚆͬ☼ᖚ䢯ǐ (vi) Ᏽ⎡ ሄ㦷オ᧚ᒝǙωૈྴ㪁᫓ᕖ㡋Ռ‫܇‬ǚǐᏵ⎡࿚ 㦚ᑞ㪁᫓㘇⻍ᇥԴ˩͠᫓໏Ᏽ͖ǐ (d) Ᏽ͖ᓁオ᧚ᒝሠ㇫ⴽ⌖ǏⅬ⎡ⴽ⌖ۢೡᆮⴽ⌖䣁 ͠㓀೸ᑜབྷᏵ͖࿚㦚Ⅼ㐋‫׍‬䣀ωૈྴ㪁᫓ᕖ㡋Ռ ‫܇‬䢲ߴྯᕚ‫ف‬㒴䢮ঃঋ䣀㪁᫓ˮ‍⟞‫׊‬㑆 2 ⴽ The Henderson 6ឭ䢯ǐ (e) ଫ ⿀ ≍ ⿾ ᕇ ૨ П ၔ 䢲 オ ⢌ ❢ ߴ ྯ ᕚ ‫ ف‬㒴 ǐ 㣌づ䣀+852 2760 1766ᆘⅬ㣌㓀⦰䣀postsaleasia @christies.comǐ

ሌሑިቈᕖ́㌪Ͱ⻍ϕᕏ㭙␙༂̃ᡪ‫⼽ۢ׊‬ᐌ ᑜ᧊䢲˙ゲᒶ͠Ք₤ᑜབྷǏሌሑᑜབྷᆘͯΰՒ ͔ྋབྷǐၹ‫⿏⼗ם‬᳦ຄኧ⧀ᕴՌ‫܇‬て⓼ሌሑۢ ᕴՌ‫ۿ܇‬Л₏ᆘߴ㇫᢬ḵިη᳦㇅ᑜയᕴՌ‫܇‬ ۢ㇫ᑜⅲ㡃൲ሌሑㆼͯ䣁‫ݸ‬ (ix) ኽ۪ᆔоほ᳦࿚⿀ᆘ㑗₤ⅲͯΰ⻍‫ؽ‬ǐ (b) ഩၹຄ͖ⅲᢍ㦗䢲ٝሳЛㄗ㕹ۢՒ͔㒴Ͱ͖ᢍᆘᆔ оᡸ˗ၹ̃ᢍ㦗͠ሌ㘷ၹᡸᆔоᆘՒ͔ωૈྴ㢣 ॲՌ‫܇‬ⅲᢍ㦗ǐ

5. ᇐሑሠ㇫ި ଫᗊၹᡸᆔоᆘՒ͔ωૈྴ㢣ॲՌ‫܇‬ᢍ㦗䢲㡙̞͠˖F4 ᣣⅲᡪ‫׊‬䢲ॼ᧊ྮ〶‫˗ۿ‬䢲ᆔо‫ͯ͠​͠ۿ‬ΰᑜབྷϕᆘ ⴷ⟄ၹಧᑞᆔоᆘՒ೉ωૈྴ㢣ॲՌ‫܇‬ⅲḵިǐ‫ۺ‬ᕖॼ ၹՈ㧎Ᏽ͖ᡸ˗ᆔоᆘ⇂㠛ωૈྴ㢣ॲՌ‫܇‬ⅲՈ㒴ᢍ㦗 ྯ䢲ၹᑜ‫ۿ‬㦨۪ᕖ㠛ḵިǐᆔо̷‫ۿ‬㑤Ꭰഩၹⅲḵިቍ ᵨᆔоほ᳦㑗₤ⅲᑜབྷ֨ߴǐᆔоഩ֨ߴてḵިⅲ㘷 ߴᆵྴϜሌ㘷ၹᡸ˗ᆔоⅲͯΰᢍ㦗䢲˩Ᏽ͖ၹͯΰ‫״‬ 㨾㒴ֱǐଫᗊ㘷ߴᆵྴ˙㉚͠ሌᇐ䢲ၹ㦚Ᏽ͖ກ㧎ǐ

(. ዠ۪ۢиԞ (a) ၹ࿚㦚ॼሠ㇫ྯ ᑽՇዠ۪ၹ㈂㇅ⅲሠ㇫ި䢮΢オ ᧚Ⴭ䢲ॼՈᐪ͖᪹ᆵᕖᢍ㦗̃‫ע‬䢲ၹ˙‫͠ۿ‬ዠ۪ሠ ㇫ި䢯ǐ (b) ଫᗊၹᕲॼሠ㇫ྯ ᑽՇዠ۪ၹ㈂㇅ⅲሠ㇫ި䢲ᆔ оᕖᡪ䣀 (i)

‫ܙ‬ၹᏻ۪иԞ㇉䢲⇂㠛㇉‫־‬ᑞ

https://www.christies.com/zh/help/buyingguide/storage-feesǐ

‫ۺ‬ᕖᆔо⦪ၹⴷᏻ‫׍‬Ո㧎˞᪹┲㈂㇅ᢍ㦗ྯ䢲ၹᇀ᎛ᕖ ሠ㇫ިۢሠ㇫ިⅲᆵᕖᡪ䢲‫ڭ‬ϕᕴՌ‫܇‬ຄഩሠ㇫ި̵⚍ ၹǐ

ഩሠ㇫ި␐㐋‫׍‬Ւ͔ωૈྴᆵॼⴷᆘՒ㠛⢌Ռ ‫܇‬ᆘⓧ˕ᑜи༆䢲˩˞‫ܙ‬ၹᏻ۪ॏ᢬⁧⁥ⅲ㐾 ㎔㇉‫ⴷݸ‬ώ㇉䣁⡊ၹഩ۫ⓧ˕ᑜи༆ⅲឳ ᬠᚆᢍ☼ᖚ䢲˩Ᏽ͖Ւឳᬠ㇉‫ݸ‬ᆓᕴǐ (iii) ቍᆔоほ᳦ࠉᜬ˖‫ܐ‬ώ˞ၕ₤ⅲᑜབྷ֨ߴሠ㇫ ިǐ (c) иԞⅲᚆᢍ㑗䢲ᚆᢍオ⿉https://www.christies. com/zh/help/buying-guide/storage-conditionsǐ (d) ᕴᣣⅲͯΰՇೲ˙㡋‫ד‬ᆔоॼF4ᣣ˗ⅲᡪ‫׊‬ǐ

3. 㧰㢏㎢␐

). 㐾㐋

ሠ㇫ިⅲ㧰㢏‫ݸ‬ㆼͯ⦪͠˗ᑽᕩ㈯ഩ㎢␐⚍ၹ䢮͠㍨ᒀ ⡅᳦ᬠ䢯䣀 (a) ㇅ᑜዠㆸᑽ䣁ᆘ (b) ⦪ሠ㇫ᑽ㈯31ᑽྯ䢲ଫ㍨ᒀ䢲‫ם‬ሠ㇫ި⁳ⓧ˕ᑜи ༆Л┹̃ᑽ㈯䣁㡙㤖۷⻍‫ژ‬ㄺǐ

1. 㐾㐋

2. ᆵᕖᡪ㎢␐

4. ˙͖ᢍ̃⼽ᐌ㏇᧊ (a) ଫᗊ‫׍‬ᕩ͖ᢍᑽ䢲ၹᕲ⣵ՈᐪᏵ͖㈂㇅ᢍ㦗䢲ᆔо ഩᕖᡪ⻍ϕ͠˗ˏ㦗ᆘ૨㦗䢮ۢ਋⻍ᆔоॼF5ᣣⅲ ᡪ‫ྮ᧊ۢ͠׊‬㇮̠ᆔоⅲՒ೉ᡪ‫׊‬ᆘ⼽ᐌ㏇᧊䢯䣀 (i) ⦪‫׍‬ᕩ͖ᢍᑽ㈯䢲ቍᵨഹᡸᢍ㦗䢲ᏻ۪㭙ᑞ㪁 ᫓㕹⸩┹ώ൐˙ᓁՌຎⅲ˕йᕕ㘇⻍‫ܔ‬ᜬሙၔ 7%ⅲ‫׊‬ၔ䣁 (ii) ۪ᩕ̵ᒢ˩ቍᵨᆔоほ᳦‫ܐ‬㑗ⅲᚆͬയሠ㇫ި Ռ㟚㕵ᑕሠ㇫ᆘ⏩˗㕵ᑕߴ㇫ǐၹ࿚㦚‫ܙ‬ᆔо Ᏽ͖‫ۈ‬ϜၹᅠᏵ͖ⅲ㈂㇅ᢍ㦗⧀՞᡹㎢㇫ᏻ↠ ̃㟢ⅲກ㧎ǐၹ̑࿚㦚Ᏽ͖ᆔо࿚㦚Ᏽ͖ᆘ‫ۿ‬ ⣵⯄۫ⅲˏֲᆓᕴǏ㇉Ǐጐ૷Ǐ㇨Ԑ䢲᧊ྮ ㇉ۢͯΰ㇫ᑜ㔦㕹ⅲກ㧎䣁 (iii) ͞˙൭⻍ㆼͯⅲ㇅ᑜᏵ͖㇫ᑜᅠ͖ⅲሠ㇫᪟ӱ 㕹㧎ǐၹᇥほωૈྴᕖ㇫ᑜ̃ᆵᕖᡪ‫ܙ׊‬ၹዠ ֨㐇〝䣁 (iv) ၹ࿚㦚ᇥᎪഹᡸ̃㈂㇅ᢍ㦗䢲ᆔо‫ۿ‬െ्۪᢬ 㕹㧎⡊‫ܙ‬ၹዠ֨᧊ྮ〷〫␙໴ۢॼ᧊ྮ〶‫˗ۿ‬ ‫ܙ‬ၹ♚्̃Ւ͔ጐ૷Ǐ‫׊‬ၔǏ᧊ྮ㇉ۢՒ͔ ㇉䣁 (v) ഩᆔоᆘωૈྴ㢣ॲͯΰՌ‫܇‬ᡸ˗ၹ̃ᢍ㦗

䢮ٝሳၹຄ͖⚍ᆔо̃ͯΰЛㄗ㕹ᆘ㒴ֱ͖ᢍ䢯

͠ሌ㘷ၹᕲ͖̃ᢍ㦗䣁 (vi) ᆔо‫͠ۿ‬㑤Ꭰഩၹⅲ㌪Ͱۢ⢌❢ᑜབྷሃ㣹⚍㇫ ᑜ䣁 (vii) ॼഩϜͯΰሠ㇫ˮ䢲˙ԫ〶ၹᆘၹⅲ͞⻢η֨ Ⓖᇹ䢲ᆘॼ዁۫ၹⒼᇹ̃‫ܙע‬ၹᏻ۪Лㄗ㕹䣁 (viii) ॼሠ㇫ިᆵⴷঃᑜ̃᧊ྮ〶‫˗̃ۿ‬䢲ωૈྴെ ၹ᎛ᕖ˩⁳ωૈྴ┹ᕖⅲḵިη᳦ሌሑި˩͠

(ii)

㐾㐋ᆘ͖㐾⻢ᙂᕒ⧀Ⅼ⎡ˏ‫ܔ‬Ⅼ㐋⚍ၹǐၹ㦚⦪⻍೎኱ ሠ㇫ިⅲ㐾㐋‫͖ݸ‬㐾̢ೝǐᆔо̑‫͠ۿ‬ϯᵨၹⅲ⿀ᥒ೎ ኱ٝ⼾㐾㐋͖ۢ㐾̢ೝ䢲΢ၹ㦚Ᏽ͖ᕖ㠛ᏻ㇉ǐᆔоཇ ㄺၹॼⒼᇹ‫ע‬㦠Աᘀずᕖ㠛ᏻ㇉ⅲΐӱ䢲ീՒᒶ㣏⿀പ ᜬٝ⼾ⅲ૯ͬḵިᆘ㭙㧎ިǐᅠၹ⿀ᥒ䢲ᆔо̑‫ۿ‬ཇㄺ ⴷώ޻Ǐٝ⼾Ǐ㐾㎔Ռ‫܇‬ᆘᕖ㠛പ೰ǐ でႎオ⢌❢ωૈྴߴྯᕚ‫ف‬㒴䢲㣌づ䣀 852 2760 1766 ᆘⅬ㓀ͬ⦰䣀postsaleasia@christies.com ǐᆔоᕒ‫ܐ‬ ώㄈჺⴷώǏٝ⼾Ǐ㐾㎔ሠ㇫ިǐ⩮ᆔоെ˖㏽↹ⅲ‫ܙ‬ ၹዃⲩͯΰՒ͔Ռ‫܇‬䢲ᆔо˙ᕒᇥᎪᕖ㠛Ռ‫⻍̃܇‬᳦䢲 㑦ᮈᆘ₶࿿ཛ⦱ⅲͯΰㆼͯǐ

2. ֨۴ 㐭۴ ሠ㇫ߴ֨ⅲͯΰሠ㇫ި㓅‫ۿ‬⣵۫ሠ㇫ިߴ֨४೰ⅲ֨۴ ᧊ྮۢՒ͔४೰ⅲ㐭۴᧊ྮ㡋‫ד‬ǐ〶૨४೰െḵި֨੺ ⿀ᥒ֨۴⢏ᒝۢ ᆘെḵިՆ੺⿀ᥒ㐭۴⢏ᒝǐ㐭۴४ ₤ঃ᧊ྮ‫ۿ‬⣵ᕒ⎲ᢪ㐭۴ᗮ̮ሠ㇫ިᆘ⎲ᢪሠ㇫ިॼ㐭 ۴४֨ߴǐ ᆔо˙ᕒॏၹᆵ㈂㇅ⅲሠ㇫ިᴰ᧊֨۴䢲㐭۴ᆘ֨ᑞͯ ΰ‫ۈ‬ॏ㑚ᐂ໼៬᝷ᦔᏻ⡊ᕖㆼ۪ͯᩕၹⅲ㈂㇅ᆘ‫ܙ‬ၹ㐊 ዪ㈂㇅ᢍ㦗ǐၹᅠㆱㆼ⌔ほ˩᭸㉚ͯΰ᧊ྮᆘ᧊⿊യ֨ ۴ᆘ㐭۴ၹ㈂㇅ⅲሠ㇫ިⅲ⿀ᥒǐ (a) ॼⒼᇹ‫ע‬䢲ၹᅠഭᥒപᜬჍ⿉˩ㆱㆼ᭸㉚ͯΰ᧊ྮ ᆘ᧊⿊യ֨۴ᆘ㐭۴ሠ㇫ިⅲ⿀ᥒǐଫᗊၹ⼗ሥⅬ 〶‫ۿ‬ㄗ䢲ᆘ⁵オ〶‫ۿ‬ㄗགྷれ䢲ၹ͐㦚ՈᐪᏵ͖ሠ㇫ ިⅲӱᢍǐଫᗊၹዠ֨オᥒ䢲ॼᆔо⣵‫╊؝‬६〶‫ۿ‬ Շ䢲ᆔо‫إژ͠ۿ‬ၹ⁵オᆵ㣏〶‫ۿ‬ㄗ䢲΢ᆔоᕒെ ᢬ᕚ‫ܙف‬ၹᏻ۪㇉ǐᆔо˙Лㄗ࿚⣵Ỿྴ〶‫ۿ‬ ㄗǐଫᢁ̞⿾でႎ䢲オ⢌❢ωૈྴߴྯᕚ‫ف‬㒴䢲 㣌づ+852 2760 1766Ⅼ㓀ͬ⦰䣀postsaleasia@ christies.comǐ (b) ၹᅠㆱㆼᏵ͖⧀ሠ㇫ި֨۴ᆘ㐭۴ᕖ㠛ⅲᆵᕖ㑗 ␕㇉Ǐ㠛␕ᆘՒ͔ᐂ໼࿋ᏻⅲ㇉ǐଫᗊωૈྴ᳦ ၹ֨۴ᆘ㐭۴ሠ㇫ި䢲˞ωૈྴᏵ͖̞˖㏽㑗ⅲ

173

␕㇉Ǐ㠛␕ᆘՒ͔ᐂ໼࿋ᏻⅲ㇉䢲ၹ‫ܔ‬Ⴭ‫ܙ‬ωૈ ྴ㐊㑰て⓹㇉ǐ ଫᗊၹᒶ (i) Ϝ⦪࿍४ǏთḓⴘǏჍ૯‫׊‬Ǐ⾾ὧḨ ᆘ⩹४ⅲᳰ㔑ᆘ‫׊‬۴㔑䢲ٝሳთḓⴘۢ⳹ᙂⴘ஖ ૈ࿜䣁ᆘ (ii) Ϝ⦪᧊४Ǐ࿍४Ǐ⾾ὧḨᆘ⩹४ⅲ˙ ܰ⌏㔰˞㔑★㕷˙㉚ 14% ⅲՉՌ‫˗͠ڎ‬ⅲ⁄⼾㔑 㧛᢬㧛ሠ㇫ިⅲᆓ‫؞‬㇅ᑜ䢲⡊ၹᇅ┲ഩ᢬ሠ㇫ި Ն۴‫⟞׍‬४䢲ၹй́ഩㆱᕖॼՆ۴ᓁᏵ͖᢬ሠ㇫ ިⅲ㠛␕ⅲㆼͯǐଫ⿀≍⿾ᕇ૨Пၔ䢲オ⢌❢ᆔ оⅲߴྯᕚ‫ف‬㒴䣀+852 2760 1766ᆘⅬ㓀ͬ⦰㣌 㓀䣀postsaleasia@christies.comǐ (c) ܰᕖ۫Лㄼ‫ؽ‬ᛢḵᑃⅲሠ㇫ި ⁳ᱠ‫ګ‬ḵ␱ۢՒ͔۫Лㄼ㕶⁥‫ؽ‬ᛢḵ⽖㐤ᆘ♴ᆓ ~ ⴽǐ 䢮˙ゲֱ᣻ἒ䢯ⅲሠ㇫ިॼሠ㇫でႎˮ᧚ᕖ

㐝̮ḵᑃٝሳ΢˙㡋ᑞㅿḨǏἳᾯᣧǏ㰛㬶Ǐᗮ̮ ὇ῆި␱ǏἯῚᕱǏ㰳㮽↍Ǐ≿ܿ㰳↍ۢ㲣㲃↍ǐ ⁳ᑞၹᆘ㣏⿀Ỿྴ⇂㠛ḟᵨ䢲⩮ၹᕖჍഩܰᕖ㕶⁥ ‫ؽ‬ḵḵᑃⅲͯΰሠ㇫ިྐྵ֨ߴঃ㐭۴⦰Ւ͔४೰䢲 ၹ㦚ᑞⒼᇹてሠ㇫ި̃‫⿾≍ע‬ᕖ㠛ᩄ㠛᧊ϡ‫⿊ݸ‬ ೛ǐॼᗮ̮ႎᦷ˗䢲ሠ㇫ި࿚㦚㡃ᕖỵ⒤ⅲḵ␱ⅲ ⏴ೀㄗᒝ‫ ݸ‬ᆘໝᕩㄗᒝ䢲ᑜ⣵㐾㐋䢲⡊ၹ㣏⿀⦪⻍ ೎኱˖㏽ㄗᒝ˩ㆱㆼᏵ͖ᕖ㠛ⅲ㇉ǐ㒴ֱ४೰യ ㅿḨ̵ᒢ〴ᕖ㡋‫ד‬䢲ϡଫ⟞४Ո㤚⎲ᢪ㐭۴ㅿḨ䢲 ⡊㒴ֱ४೰‫ם‬रᙂ⿊┹㐭۴Ǐ֨۴ۢߴ㇫ㅿḨǐ⁳ ㅿḨᖏᑃ⽖ᆓᆘٝܰㅿḨᖏᑃⅲሠ㇫ި঑ឳᕖ ∝ ⓡ ⴽ䢲˩ᘿᎯ⩹४ǗㅿḨ᧊ǘⅫ〦᳦ğㅧԵĠḵިǐ ܰᕖᱠ‫ګ‬ᆘ۫Лㄼḵ␱ḵᑃⅲᆾ⻽᧚ᕖ ≈ ⴽᆘ ≡ ⴽ䢲㐭ˏ᢭㇔ᑃオ۞⿉͠˗ⓧH2(h ᣣǐ ଫᗊၹᴰ᧊֨۴ᆘ㐭۴てሠ㇫ިᆘሠ㇫ިॏͯΰ‫ۈ‬ ॏ⼗ᐂ໼㒴㟓ᘀᏻ䢲ᆔоᦔᕖ⟵‫ف‬ॏ᢬۪ᩕၹⅲ̵ ᒢ˩㐊्ၹⅲ㈂㇅ᢍ㦗ǐၹᅠㆱㆼ⌔೛˩᭸㉚ᕖ㠛 ܰᕖ˖㏽ḵᑃሠ㇫ި㐭֨۴ⅲ᧊ྮ‫⿊ݸ‬ϡ⿀ᥒǐ (d) ⟞४㠛ᑞ㤖ᨕㅿㅿḨⅲ㐭۴⎲͟ ⟞४⎲ᢪ㤖ᨕㅿㅿḨ㐭۴⟞४ǐଫᗊˏͬሠ㇫ިܰ ᕖㅿḨᆘՒ͔‫ۿ‬⣵‫ݸ‬ㅿḨ⇂᪮᩿ⅲ㕶⁥ᖏᑃ䢮ϡଫ ẸỘㅿḨ䢲ᩄㅿㅿḨ‫ݸ‬ṇ㲃ㅿḨ䢯䢲Ւ࿚㦚㐞㑁۫ ⟞४᭺ᜬ‫ݸ‬㕶⁥‫ؽ‬ḵЛㄼ൐ほ‫ۿ‬ⅲरᙂ⏴ೀ᫐ぜ⌔ ほてḵᑃ㤖㤖ᨕㅿㅿḨྯᑜ‫ۿ‬㐭۴⟞४ǐଫᗊᆔо ॼሠ㇫‫ע‬യሠ㇫ިຄ⚯㐭⻍̞てरᙂ⏴ೀ᫐ぜ䢲ᆔ оᕒॼሠ㇫ި㡣㏽ˮ᪹᜙⻢ᒝǐᆔоˏ⧝ᴰ᧊⌔ほ ⇂㠛ሠ㇫ިⅲㅿḨᒶ‫ܫ‬Ϝ⦪㤖ᨕㅿǐၹ֜㈂㇅ᕖ㠛 ሠ㇫ި˩〚₝ഩᕖ㠛ሠ㇫ި㐭۴⟞४䢲࿚㦚ᇥᎪ㧰 㢏˩ㆱㆼᏵ͖ͯΰ⏴ೀ᫐ぜᆘՒ͔਺‫݋‬ⅲ㇉ǐᕖ 㠛᫐ぜ˩ᴰ೛ゲᆘ⌔೛ḵᑃ˾㤖ᨕㅿㅿḨ䢲˙⼗⿏ ᳦۪ᩕሠ㇫‫ݸ‬㐊्㈂㇅ᢍ㦗ⅲϯᎯǐ (e) ᬜ⦪ͺᕣⅲሠ㇫ި ᳦ᑜЀ㇅ᑜ䢲ωૈྴॼᬜ⦪ͺᕣ ᧖ᑔ ⅲሠ㇫ި˗ ᑜṁ‫᧚׆‬ᒝǐˏ̮४೰⎲ᢪᆘ㡋‫ד‬㈂㇅‫ ݸ‬ᆘ㐭۴ͺ ᕣ‫⁧ۈ‬ⅲㆲ⁧ǐၹᕖㆼͯ⌔ЛၹⅲⒼឳᆘၹ㐭۴ሠ ㇫ިᓁ˙ᕒ㑈‫ͯۥ‬ΰ‫⼨ד‬Ǐ㇍ᒢ⎲㐾ᆘՒ͔ᕖ㠛㑗 ᚆϡǐϡଫ䢲⟞४⎲ᢪॼᦔᕖ㑗₤〶‫ۿ‬ㄗⅲႎᦷ ˗̵ᒢ‫ݸ‬㐭۴‫⁧ۈ‬ᑞͺᕣⅲğҷ⚗๼ⳔηިĠ䢮ଫ ঃᤎǏ♙❎ިǏ⼾㨫ި‫⏴ݸ‬ೀӷࣰ䢯ǐωૈྴ᎛ᕖ OFACⅲˏ⧝ḟᵨ䢲ॼⓡ‫ܐ‬ᗮ̮ᚆͬⅲႎᦷ˗䢲㇅ ೰‫͠ۿ‬ഩ᢬㧛ሠ㇫ި㐭۴‫⟞׍‬४ǐଫၹϕωૈྴ ⅲˏ⧝OFACḟᵨη᢬㐙䢲‫⻢ڭ‬⍷ၹ‫ܔ‬Ⴭ㑡್ḟ ᵨᚆͬ䢲˩‫ܙ‬ωૈྴዠϭᆵᕖ⇂㠛Пၔǐၹ̷⌔ほ ωૈྴᕒ‫ܙ‬OFACሃ㣹ၹⅲй́㇔ᑃۢၹയḟᵨⅲ ϕǐ (f) 㷌㕹 ܰ㕷Ωᑞ 18k ⅲ㷌㕹˩˙ᒶॼᆵᕖ४೰঑⼗⿏᳦ Ǚ㷌㕹ǚ䢲˩‫ۿ‬⣵⼗ሥ⚁Ն۴ǐ (g) 㝫㚨 ᕴ↹㙼Շᕖ̮㝫㚨ⅲᵨḚ㧩⍷てᆾ㚨㔌ᕖᱠ‫ۢګ‬ ۫Лㄼ‫ؽ‬ḵ䢮ଫ≿ܿ㱽ᆘ㱽㮽䢯ⅲḵᑃᆵ⽖ᆓⅲ 㚨ຯǐ㐝̮ሠ㇫ިॼᕴ↹㙼Շⅲሠ㇫ި⛷ⴽᑢ͠ Ψ ⓡⴽ㧩⍷ǐ㐝̮㚨ຯ‫ۺ‬Ϝൢ⍷ሠ㇫ި˩˙η㘷ߴ 㐙ǐॼ㐾㐋ᆾ㚨‫׍‬ሠ㇫ঃ͠૥ⅲঃ㷠‫ע‬䢲ωૈྴ ᕒᇰ˖㏽㚨ຯሙ㡙˩̠͠Лಧǐ⩮㇅ᑜॼሠ㇫ྯˏ ໝՇ⿟㌪‫׍‬ሠ㇫ᆵॼঃⅲωૈྴዠ۪䢲ωૈྴ‫ۿ‬㔋 ႎԵ㇉ዠϭてൢ⍷΢ܰᕖᱠ‫۫ۢګ‬Лㄼ‫ؽ‬ḵḵᑃ ⅲ㚨ຯ⚍㇅ᑜǐオെй‫׆‬ሠ㇫ި⧀⇂㠛㒴㟓⢌⚊ǐ (h) ᆾ⻽ ᧚ᕖ ≈ ⴽⅲᆾ⻽۫ᱠ‫ګ‬㕶⁥‫ؽ‬ᛢḵ␱४㢄㇍ᒢՌ☼ ⅲ֨۴ 㐭۴㡋‫ד‬ᆵ┹‫ד‬ǐ㐝̮ᆾ⻽‫ۿۺ‬㐾ྤ㪁᫓ṁ

174

‫⻍׆‬ᐂ‫੺ڈ‬Շঃঋᆘྐྵ㪁᫓ⅲሠ㇫਽㦨۪ǐỾ۪ᱠ ‫ګ‬㕶⁥‫ؽ‬ᛢḵ␱४㢄㇍ᒢՌ☼֨۴〶‫͠ۿ‬ഩ㐝̮ᆾ ⻽ॼߴྯ㐾㐋‫׍‬㪁᫓ṁ‫⻍׆‬ᐂ‫੺ڈ‬૥ᒶ˙‫ۿ‬⣵ⅲǐ ᧚ᕖ ≡ ⴽⅲᆾ⻽۫ᱠ‫ګ‬㕶⁥‫ؽ‬ᛢḵ␱४㢄㇍ᒢՌ☼ ⅲ֨۴ 㐭۴㡋‫ד‬ᆵ┹‫ד‬䢲㣏⿀֨۴ 㐭۴〶‫͠ۿ‬ഩ 㐝̮ᆾ⻽ॼߴྯ㐾㐋‫׍‬㪁᫓ṁ‫⻍׆‬ᐂ‫੺ڈ‬૥ǐ㇅೰ ᕖㆼͯỾ۪࿚㦚ⅲ〶‫˩ۿ‬᳦᢬͖ᢍǐオ⧀㒴㟓⢌❢ ͠Ỿྴ㐭ˏ᢭㇔ᑃǐ H2 ᣣˮⅲឳ〦ᒶωૈྴ᳦̞ᑜЀၹ⡊ॼᕖ㠛ሠ㇫ި㡃 ‫؟‬ⅲ䢲㡃‫؟‬ឳ〦ᓁଫᕖͯΰ㚢れᆘ㑦ᮈ䢲ωૈྴဿ˙ᇥ Ꭺͯΰㆼͯǐ

*.

ωૈྴ̃᧊ྮㆼͯ

1. 㡙̞⇞ިЛㄗ䢲ωૈྴǏωૈྴ͞ώ́ᆘӫ޻䢲യ

ͯΰሠ㇫ިηͯΰ㡣㏽䢲ᆘ㇔ᑃⅲዠϭ䢲঑˙η֨ ͯΰЛㄗǐॼ᧊ྮೲ〶ⅲᕏ૯␙༂˗䢲ᆵᕖ⁳᧊ྮ 㡃‫؟‬ⅲЛㄗۢՒ͔ᚆᢍ䢲঑⼗኱㡙ॼᕴ‫ژ‬ㄺ૥ǐॼ E1ᣣˮⅲ㇫ᑜЛㄗᒶ⁳㇫ᑜዠϭⅲЛㄗ䢲ᆔоയ㐝 ̮Лㄗ˙ㆱᕖͯΰㆼͯǐ

ଫᗊᆔоዠϭ̞ᕴ‫ژ‬ㄺⅲ⠻ㄹͬ䢲ᆔоഩᕒϕ⩹ᐷḛ ᑞ⿾᥾ᕴ‫ژ‬ㄺ㦗˗⁧⁥ⅲͯΰࠑ㧍ۢ͠ḉㄺǐ

7. й́Пၔ ၹ‫ܔ‬Ⴭᆔоഩቈᕖ˩ⴷώၹⅲй́ᐪᎯᆘПၔ䢲˩ഩՒ ̵⚍Ւ೉ωૈྴ㢣ॲՌ‫܇‬ᑞᆔоⅲ⏩㢓ᐂ┈ᆵዟ㏽ ⅲ䢲ᆘ⧀Ւ⇂ⓡⅲ↹ⅲǐၹ‫ॼ͠ۿ‬www.christies.com ˖ᇤ‫׍‬ᕴՌ‫⏩܇‬㢓ᐂ┈䢲ଫၹᒶ‫്̯⎼׊؟‬๷൓ᤩ䢲 ၹ‫ॼۿ‬https://www.christies.com/about-us/contact/ ccpa ⇐‫׍‬ᆔоⅲǗ‫؟‬๷ᩕ㇉⡅㢓⏩᧊ǘ (California Consumer Privacy Act)⢏ᒝǐ

8. ᚡᡪ ᕲ⣵ᆘགྷ㑞⻍ϕᕴᜬ‫⿊ف‬೛˗ⅲᡪ‫׊‬ᆘ⼽Ԑ˙ᅠ⼗⿏᳦ Ե㡙てᡪ‫׊‬ᆘ⼽Ԑ䢲̑˙ᅠ㠻ᢪᆘ㡋‫ד‬യてᡪ‫׊‬ᆘ⼽Ԑ ᆘՒ͔ᡪ‫׊‬ᆘ⼽Ԑⅲ⻍ϕǐ࡚ỵᆘ㒴ֱ⻍ϕてᡪ‫؝‬ᆘ⼽ Ԑ˙ᅠ㠻ᢪᆘ㡋‫ד‬യՒ೉ᡪ‫׊‬ᆘ⼽Ԑⅲ⻍ϕǐ

9. ᧊ྮۢ┹㎝ᡪ

2. 㡙㤖ᆔоᕖᆵᢉきᆘη֨ᕖᢉきᆓͰⅲ૷ഓ㡣 ㏽ᆘॼᕴᜬ‫⿊ف‬೛ˮ۷ᕖᒝ⌔をᒝ䢲ᆔо˙ᕒ ॏͯΰ‫ۈ‬ॏയၹㆱᕖͯΰㆼͯ䢮ᴰゲᒶॏ㑈‫ۥ‬ ᕴ‫ژ‬ㄺ䢲㈂㇅ሠ㇫ިᆘ⧀Ⓖᇹ⇂㠛ⅲͯΰՒ೉ ̢㦗䢯䣁‫ݸ‬ (b) ᕴՌ‫܇‬ᴰെͯΰሠ㇫ިⅲ‫ިߴࠉۿ‬ㇲǏᒶ‫ܫ‬㑗 ‫ܐ‬ᗮṁ೛㐙Ǐዟ㏽ǏോഢǏㇲ㕷ǏṸᦷǏη ިᢷ൲Ǐ⇞ഓသǏ␑ᕖ␙༂Ǐ㕵⿀သǏఅ͏Ǐ ϜᬜǏൢ⿪ᢶ‫܂‬Ǐᐷἆᆘᢶ‫܂‬ⅲ㠛⢌⓼η֨ͯ ΰ㡣㏽ǏЛㄗᆘᎪЛᆘᇥᎪͯΰㆼͯǐ㡙㤖₤ ঃⅲ᧊ྮཱ‫⿀ד‬ᥒ䢲ͯΰ␱㧛̃ͯΰЛㄗ䢲঑ ⼗ᕴᣣ኱㡙ॼ૥ǐ オ᧚Ⴭωૈྴᆵዠϭⅲᕊ㤚Ⓖᇹۢ㣌づⒼᇹᕚ ‫ف‬ǏChristie’s LIVETMǏṸպ਺‫݋‬Ǐㆸ໏Դዪ㧩⍷ ᖳۢሠ㇫ೣ㙼ӏྗӏ᳦Ե㇉ᕚ‫ف‬䢲ଫᕖͯΰ㚢れ 䢮᳦́ᆘՒ೉‫ۈ‬ॏ䢯Ǐ㑦ᮈᆘᐅ㢅ᆘགྷれǏᕲ⣵ዠ ϭǏᔑѹᆘ♲ᢪ䢲ᕴՌ‫˙܇‬ㆱͯΰㆼͯǐ

(a)

3.

Փᕖ☼ᖚ‫؝‬ǐ

6. ⠻ㄹ

4. െሠ㇫ި㈂㇅ⅲ̢ೝ䢲ᆔоӆയ㇅ᑜㆱᕖ᧊ྮㆼ ͯǐ

5. ଫᗊԍ┹ᕖ(a)⦰(d)ᆘE2(i)ᣣⅲ⿊೛䢲ᆔоॏᗮ̮

‫ۈ‬ॏ㦚യၹㆱ˖᧊ྮㆼͯ䢲ᆔо˙㦚Ᏽቈ㈹㑁ၹຄ Ᏽ͖ⅲ㈂㇅ᢍ㦗ǐωૈྴ˙㦚െͯΰ‫׊‬ᯍᆘ⚯᷌ጐ ૷Ǐࠉ៬ᆘӱѢࡖ૷Ǐ㦠ᕩಧᢍᆘ‫׊‬ၔǏ㇉ǏՒ ͔㇨ԐᆘᏵ֨⓼‫ۈ‬ॏㆱ˖ͯΰㆼͯǐ

+. Ւ೉ᚆᢍ

1. ᆔоⅲᎆ㘷ᡪ 㡙̞ᕴ‫ژ‬ㄺˮⅲՒ͔ᎆ㘷ᡪ‫׊‬䢲ଫᗊᆔо‫ܐ‬ώঃほ᳦೐ ᆓ̵ᒢ‫ۿ‬⣵ᒶ㑈᧊⻍᳦ᆘて㘷ߴᕒ͟ᆔоᆘ㇫ᑜ‫ͯܙ‬ΰ ́ㆱ˖᧊ྮㆼͯᆘጐિᆔоⅲ‫ܕ‬⢏䢲ᆔо‫۪ۿ‬ᩕてሠ㇫ ިⅲሠ㇫ǐ

2. 㙼ӏ ᆔо‫͠ۿ‬㙼ྗۢ〦㙼ሠ㇫㑁␙ǐ㡙㤖ቍ᧊ྮ⿀ᥒ䢲ᆔо ᕒയй́Пၔ‫͠؟‬Л೺ǐて㇔ᑃ‫ۿ‬⣵ᑞᆘዠϭՒ͔ω ૈྴ㢣ॲՌ‫ݸ܇‬ຍ਽૮Γ͠ηೡᆮֱᗀᆘ͠Ѐᆔо‫ܙ‬㇅ ᑜዠϭ‫ܐ‬㑗ⅲᕚ‫ف‬ǐ⩮ၹ˙Ⴒ⼗㙼ྗ䢲ၹ‫ۿ‬㐕㑁㣌づᆘ ᕊ㤚Ⓖᇹᆘ⡅ॼChristie’s LIVETMⒼᇹǐ㡙㤖۷ᕖᕊ㤚 ☼೛䢲ၹ˙⣵ॼሠ㇫ή਽㙼ӏᆘ㙼㦈ǐ

3. ḛᡪ ᆵᕖ⁳ωૈྴᆘ᳦ωૈྴ⧀ሠ㇫ިᕖ㠛̃⽖η̃ˏֲॱ ḚǏዢॱ⧀ᕊ㤚㇔ᑃ䢮㡙ᕖṁ‫᧚׆‬㕳૥䢲ٝሳᆔоⅲ↹ 㙼ⅲՇೲ䢯̃ḛᡪ঑൲ᑞωૈྴᆵᕖǐᦔᕖᆔоⅲ̢Ա ᕊ㤚〶‫ྴ˙ۿ‬ϕ͠˖ḛᡪηިǐᆔоᦔᕖЛㄗၹെᇹ ྴⅲሠ㇫ިᕒ۪ྴͯΰḛᡪᆘՒ͔⽞⽖ⅲᡪ‫׊‬ǐ

4. ᐇ‫؝‬ ଫᕴ‫ژ‬ㄺⅲͯΰ㒴Ͱ㑚ͯΰ᧊㡗ほ೛᳦ᴰᐇǏ˙‫᧊ܐ‬ᆘ ᴰ᧊਋⻍䢲‫ם‬て㒴ֱᅠ⼗⿏᳦‫׃‬㡙䢲Ւ೉㒴ֱ˙۫ྗ 㦑ǐ

5. ㎢ㅒၹⅲᡪ‫ۢ׊‬ㆼͯ 㡙㤖ᆔо⚍̠ᕊ㤚〶‫ۿ‬䢲‫םܫ‬ၹ˙ྴെၹॼᕴ‫ژ‬ㄺ˗ⅲ ᡪ‫׊‬ᆘㆼͯ〴⒤ͯΰሌሑ䢲̷˙ྴ㎢ㅒၹⅲᡪ‫ݸ׊‬ㆼ ͯǐᕴ‫ژ‬ㄺയၹⅲ❲ͯ́Ǐ㑦⁧ۢͯΰᇥ❲ၹㆼͯⅲ́

‫܍‬ᑜെᕖ㠛ᕴᜬ‫⿊ف‬೛ⅲᡪ‫ف⟵ۢ׊‬䢲ሠ㇫ⅲ⻍᳦ۢͯ ΰ⧀˖㏽ᚆᐷᕖ㠛ⅲ̢㦗䢲঑۫㪁᫓᧊ྮ┹㎝ۢ˩Ꭿ᢬ ⿾㕳ǐॼሠ㇫Ⓖᇹᓁ䢲㇅ᑜ Ⓖᇹ́ᴰゲᒶ⿟⦪֨ຫǏ ⚯㑁͞ώ́Ǐ͠ᕊ㤚Ǐ㣌づᆘՒ͔ᑜ᧊۞⧀ሠ㇫Ⓖᇹ䢲 ‫⿏⼗ڭ‬᳦዁۫ᕴᜬ‫⿊ف‬೛䢲᳦ۢωૈྴ̃‫↠׊‬䢲዁۫㪁 ᫓᧊㡗̃പ൲┹㎝ᡪ͠⿾ոͯΰᕖ㠛☷♓䢲˩‫ܔ‬ᓁ዁♅ ωૈྴ̷ᕖᡪॼͯΰՒ͔‫┹᧊܇‬㎝‫ڈ‬ዠ֨♚Ԑ䢲͠㐇〝 ㇅ᑜሩᡸⅲͯΰᢍ㦗ǐ

10. www.christies.comⅲ਺‫݋‬ ߴ֨ⅲሠ㇫ިⅲᆵᕖ㇔ᑃ䢲ٝሳ↹㙼ዟ㏽ۢӱᢍ㓅‫ॼۿ‬ www.christies.com˖ᘀ㟼ǐ㘷ߴ✼㧎᳦⭷᝸ӱ‫˖؟‬㇅ ᑜ㔦㕹䢲Ւ˙‫ۥ‬ᒪᆓᕴǏㆲ‫ف‬㇉ᆘ㇅ᑜᆘ㇫ᑜП㇆⁵ オႎպǐᆔо˙⣵ቍ⿀ᥒഩ㐝̮㇔ᑃྐྵwww.christies. com⛈⒩˖‫׃‬㡙ǐ

,. し‫⻢ٺ‬ ሠ㇫೙䣀й́ሠ㇫೙‫ ݸ‬ᆘωૈྴǐ ⇞ި䣀͠˗ᆵ㏽ⅲ⇞ഓηި䢲⡊˙ᒶ⽞⽖ިᆘ㈏ި䣀 (i) ሠ㇫ިॼឳ㧍⼗ዟ㏽᳦ᗮΨⳔ⻒೰Ǐη⡅ᆘ⽖ η⡅ⅲηި䢲‫ם‬᳦てⳔ⻒೰Ǐη⡅ᆘ⽖η⡅ⅲ ηި䣁 (ii) ሠ㇫ިॼឳ㧍⼗ዟ㏽᳦ᒶᗮᓁᕩᆘᨤᨡ‫׾‬ηⅲ ηި䢲‫ם‬てᓁᕩᆘᨤᨡⅲηި䣁 (iii) ሠ㇫ިॼឳ㧍⼗ዟ㏽᳦ᗮϜᬜ䢲‫ם‬᳦てϜᬜⅲ ηި䣁 (iv) ͠ഡ⊅᳦ϡ䢲ଫሠ㇫ިॼឳ㧍⼗ዟ㏽᳦⁳ᗮ␱ ᖏᑃ⽖ᆓ䢲‫ם‬てηިᒶ⁳てᖏᑃ⽖ᆓǐ ⇞ިЛㄗ䣀ᆔоॼᕴ‫ژ‬ㄺ E2 ᣣᆵで㏽᳦ሠ㇫ިዠϭⅲ Лㄗǐ ㇅ᑜ㔦㕹䣀㡙̞⭷᝸ӱ䢲㇅ᑜᏵ͖⚍ᆔоⅲ㇉ǐ ↹㙼ዟ㏽䣀ሠ㇫↹㙼Շയሠ㇫ިⅲ㡣㏽䢮ٝሳᑞሠ㇫਽ 㐞㑁യᕖ㠛㡣㏽η֨ⅲͯΰᕇ᏾䢯ǐ ωૈྴ㢣ॲ䣀Christie’s International PlcǏՒಠՌ‫ۢ܇‬ 㢣ॲⅲՒ೉Ռ‫܇‬ǐ Ṹպ䣀ሠ㇫ިⅲḵώṸպǐ ‫׍‬ᕩ͖ᢍᑽ䣀ଫⓧF1(a)ᣣᆵ‫֨־‬ⅲჍပǐ ΐӱ䣀↹㙼ˮᆘሠ㇫਽㐞‫݋‬ˮ‫־‬ᒝⅲᆔоほ᳦ሠ㇫ި‫ۿ‬ ⣵֨ߴⅲӱᙂ╊६ǐΩⒻΐӱቋて╊६ⅲᕏΩӱ䣁㭙Ⓕ ΐӱቋて╊६ⅲᕏ㭙ӱǐˮ㟢ΐӱ᳦Չ⡅ⅲˮ㟢㷠ǐ ⭷᝸ӱ䣀ሠ㇫೙዁۫ⅲሠ㇫ިᕏ㭙Ⓖᇹӱǐ ឳ㧍䣀ଫE2ᣣᆵ‫֨־‬ⅲჍပǐ ሠ㇫ި䣀ϭሠ㇫ⅲˏͬḵި䢮ᆘη᳦ˏ♴ሠ㇫ⅲՉͬᆘ ᕇ૨ⅲḵͬ䢯ǐ Ւ͔㇨Ԑ䣀ͯΰṁᣅǏ㐧ຯǏ㡃ຯᆘ㟢዁ⅲ㇨Ԑᆘͯΰ ⓡ‫ܐ‬₤ঃ᧊ྮ⿊೛ⅲğṁᣅĠǏğ㡃ຯĠᆘğ㐧ຯĠ㇨ Ԑǐ ㈂㇅ᢍ㦗䣀ଫⓧF1(a)ᣣⅲჍပǐ Ϝᬜ䣀ሠ㇫ިⅲᆵᕖᡪᢶ‫܂‬ǐ ᕖЛ₏䣀ଫ E2 ᣣˮⅲჍပ䣁ᕖЛ₏ឳ㧍‫ם‬ቋ↹㙼ˮ ğ㕵⿀㐞≹‫↹ݸ‬㙼⛷‫ד‬をᒝĠ㦓ˮⅲğᕖЛ₏ឳ㧍Ġⅲ Ⴭပǐ ໶ӱ䣀ሠ㇫ި˙ᕒ͠Ωᑞ᢬Л೺໶ӱ֨ߴǐ ሠ㇫਽㐞‫݋‬䣀཯㇊Ψᑞሠ㇫਽Շⅲሠ㇫ިᑢᆘ

www.christies.comⅲᕊ㤚㐞≹䢮˖㏽㐞≹Շೲᕒ۷⻍ 㐞≹͠㣌づᆘᕊ㤚Ⓖᇹⅲೡᆮ䢯䢲ᆘሠ㇫ᕒ⧂⻍‫ע‬ᆘሠ ㇫ᗮሠ㇫ި‫ע‬ሠ㇫೙ೢຎⅲՌ‫݋‬ǐ ‫׺‬ឳ㧍䣀ଫE2ᣣᆵ‫֨־‬ⅲჍပǐ ૯㡹ದ㭕䣀ቋٝܰᆵᕖⅲ૯ഘದ᣶ǐ Лㄗ䣀㡣㏽́ᆘ⢏ᒝ́ЛㄗՒᆵ㡣㏽ᆘ⢏ᒝⅲ̢ഓ᳦᢫ ⌔ǐ

26/02/25

ᕴ↹ 㙼 ˮ ϕ ⅲ‫܍‬㧛ឳㄦ ᕴ㒴Ͱ◫㭕ದ㭕しよⅲᩱ⟵㍭ᑞᕴ↹㙼ˮ㧍᳦ğᜬ‫⿊ف‬೛䢴㇅ᑜ㦚≹Ġˏ⒯ⅲᕏྯˏ㦓ǐ

º

¤

ωૈྴെ᢬ሠ㇫ިቈᕖ↿዁ⅲ⚯ᰵ‫↠׊‬ǐオ۞㟼ᜬ‫⿊ف‬ ೛ˮⅲ㕵⿀㐞≹͠Ỿྴ㐭ˏ᢭㇔ᑃǐ

യ᢬ሠ㇫ިᕖ↿዁ᆘ㟢዁‫↠׊‬ⅲˏᑜᕖ‫ۿ‬⣵യてሠ㇫ި η֨Ⓖᇹ䢲Ւ‫ۿ‬⣵≹㑆てሠ㇫ިⅲ໶ӱᆘՒ͔㕵⿀㇔ 〛ǐ

º♦

ωૈྴຄ⚯ዠϭᕏΩ֨ߴӱЛㄗ˩യ᢬ሠ㇫ިቈᕖ↿዁ ⚯ᰵ‫↠׊‬ǐωૈྴⅲՈ㒴ᆘ㒴ֱ‫↠׊‬㐞㑁ⓧ˕ᑜ⸩㇔ǐ ଫᗊՓЛㄗሠ㇫ި⼗ߴ֨䢲て⓼ⓧ˕ᑜ㐞ັᕒỾྴ⚯ᰵ ‫↠׊‬ǐオ۞㟼ᜬ‫⿊ف‬೛ˮⅲ㕵⿀㐞≹͠Ỿྴ㐭ˏ᢭㇔ ᑃǐ

ωૈྴയ᢬ሠ㇫ިቈᕖ⚯ᰵ‫↠׊‬ǐオ۞㟼ᜬ‫⿊ف‬೛ˮⅲ 㕵⿀㐞≹͠Ỿྴ㐭ˏ᢭㇔ᑃǐ

ωૈྴയ᢬ሠ㇫ިቈᕖ⚯ᰵ‫↠׊‬䢲て‫↠׊‬Ո㒴ᆘ㒴ֱ㐞 㑁ⓧ˕ᑜ⸩㇔ǐଫᗊՓЛㄗሠ㇫ި⼗ߴ֨䢲て⓼ⓧ˕ᑜ 㐞ັᕒỾྴ⚯ᰵ‫↠׊‬ǐオ۞㟼ᜬ‫⿊ف‬೛ˮⅲ㕵⿀㐞≹͠ Ỿྴ㐭ˏ᢭㇔ᑃǐ

• ᢬ሠ㇫ި˙〴໶ӱǐ

∼

᢬ሠ㇫ިܰᕖᱠ‫ګ‬ḵ␱䢲ᆘᕒര⦱֨۴㡋‫ד‬ǐオ۞⿉ᜬ ‫⿊ف‬೛ˮⅲⓧ) ᣣ͠Ỿྴ㐭ˏ᢭㇔ᑃǐ

≈

᢬ᆾ⻽ሠ㇫ިܰᕖᱠ‫ګ‬ḵ␱ǐሠ㇫ި‫ۿۺ‬㐾㐋‫׍‬㪁᫓ṁ ‫⻍׆‬ᐂ‫੺ڈ‬Շⅲঃঋᆘ⚯⿟㌪ྐྵᆔоⅲ㪁᫓ሠ㇫਽ዠ ۪ǐオ۞⿉ᜬ‫⿊ف‬೛ˮⅲⓧH2ᣣ͠Ỿྴ㐭ˏ᢭㇔ᑃǐ

≡ ᢬ᆾ⻽ሠ㇫ިܰᕖᱠ‫ګ‬ḵ␱䢲۫४㢄㐾㎔㡋‫☼ד‬ᖚǐሠ ㇫ިॼߴྯ㣏⿀Ỿྴ֨۴ Ն۴〶‫͠ۿ‬ഩՒ㐾㐋‫׍‬㪁᫓ṁ ‫⻍׆‬ᐂ‫੺ڈ‬૥ǐオ۞⿉ᜬ‫⿊ف‬೛ˮⅲⓧH2ᣣ͠Ỿྴ㐭ˏ ᢭㇔ᑃǐ

∝

᢬ሠ㇫ިܰᕖㅿḨᖏᑃǐオ۞⿉ᜬ‫⿊ف‬೛ˮⅲⓧH2ᣣ͠ Ỿྴ㐭ˏ᢭㇔ᑃǐ

ψ ᱠ‫ګ‬ḵ␱㚨ຯ‫ۺ‬ηൢ⍷㐙˩˙η㘷ߴǐ֨ߴྯ䢲᢬ ᆾ㚨ᆘᕒ㔌͠˙۫ᱠ‫ګ‬㕶⁥‫ؽ‬ᛢḵ␱४㢄㇍ᒢՌ☼ᆵ┹ ‫ד‬ⅲ㚨ຯ䢮ᕲᕖൢ⍷䢯͠ዠϭ̠㇅೰ǐオ۞㟼ᜬ‫⿊ف‬೛ ͠Ỿ۪㐭ˏ᢭㇔ᑃǐオ۞㟼ᜬ‫⿊ف‬೛H2㦗ǐ Զ ᢬ሠ㇫ި‫ۿ‬ᘿᎯᜬ‫⿊ف‬೛͠ᗮ̮‫؟‬೺ㆸ໏Ᏽ͖ǐ

オ᧚Ⴭയሠ㇫ިⅲឳ〦ӆ᳦ၹዠϭᑜЀ䢲ᕴՌ‫˙܇‬ᇥᎪͯΰॏឳ⍷㚢れᆘ㑦ᮈឳ〦ⅲㆼͯǐ

175

㕵 ⿀ 㐞 ≹ ۢ ↹㙼⛷‫־‬ᑜ᧊̃をᒝ 㕵⿀㐞‫݋‬

ωૈྴॼ۫୮〥ሠ㇫ިˮⅲᡪ↠ Δ ωૈྴയてሠ㇫ިቈᕖᆵᕖᡪᆘ⚯ᰵ‫↠׊‬ ωૈྴ‫ۿ‬⣵ᕒ˙ᓁዠϭՒቈᕖᆵᕖᡪᆘ⚯ᰵ‫̃↠׊‬ሠ㇫ ިǐて⓼ሠ㇫ިॼ↹㙼ˮᑞሠ㇫⛷ⴽᑢ〼ᕖ Δ ⓡⴽ͠㇔ ㄦ‫׆‬ǐ

º ЛㄗᕏΩ֨ߴӱ ωૈྴᕖᓁെᗮ̮۫୮ᇇ֨ߴⅲሠ㇫ިⅲሠ㇫ᆓᗊቈᕖ ↿዁ⅲ⚯ᰵ‫↠׊‬ǐ㐞ັ᳦Ւ‫ܙ‬㇫ᑜЛㄗᴰゲሠ㇫ⅲ♼ᗊ ଫΰ䢲㇫ᑜഩെሠ㇫ިⅲ֨ߴỾྴᕏΩ֨ߴӱǐ㐝⼗␴ ᳦ЛㄗᕏΩ֨ߴӱǐて⓼ሠ㇫ިॼ↹㙼ˮᑞሠ㇫⛷ⴽᑢ 〼ᕖ º ⴽ͠㇔ㄦ‫׆‬ǐ

º♦ ⓧ˕ᑜЛㄗ ˙‫ۿ‬ᎆ㘷ⅲⒼᇹ ॼωૈྴຄ⚯ዠϭᕏΩ֨ߴӱЛㄗ䢲ଫᗊሠ㇫ިᕲ⣵֨ ߴ䢲ωૈྴഩᇥᎪ㑚۫㕵૯ጐ૷ⅲ㧰㢏ǐॏ᢬䢲ωૈྴ ᕖᓁ㑤Ꭰ⧀‫ܔ‬Ⴭॼሠ㇫̃‫ע‬െてሠ㇫ިዠ̵ˏͰ˙‫ۿ‬ᎆ 㘷ⅲᕊ㤚Ⓖᇹⅲⓧ˕ᑜֱᎪて㧰㢏ǐଫᗊᦔᕖՒ͔ᕇ㭙 ⅲⒼӱ䢲ⓧ˕ᑜᇥピഩ͔͠оዠ̵ⅲ˙‫ۿ‬ᎆ㘷ⅲᕊ㤚Ⓖ ᇹӱᙂ㈂㇅てሠ㇫ިǐⓧ˕ᑜॏ᢬ᇥᎪሠ㇫ިᕲ⣵֨ߴ ⅲᆵᕖᆘ㒴ֱ㧰㢏ǐて⓼ሠ㇫ިॼ↹㙼ˮ᧚͠ⓡⴽ º♦ ͠㇔ㄦ‫׆‬ǐ ⓧ˕ᑜ㣏⿀ᇥᎪ㧰㢏䢲ॼ⦪㌪˙ᒶᆓ‫؞‬Ⓖᇹ́ⅲႎᦷ ˗䢲ωૈྴഩ⚍̠㔦㕹⚍ⓧ˕ᑜǐⓧ˕ᑜⅲ㔦㕹‫͠ۿ‬ᒶ फ़೛㕹㧎ᆘ਎ᑞ⭷᝸ӱ〚┲ⅲ㔦㕹ǐⓧ˕ᑜ̷‫͠ۿ‬െて ሠ㇫ި͠㈹㑁˙‫ۿ‬ᎆ㘷ⅲᕊ㤚Ⓖᇹⅲӱᙂ㐭⻍Ⓖᇹǐଫ ᗊⓧ˕ᑜᆓ‫؞‬Ⓖᇹ䢲ⓧ˕ᑜ࿚㦚Ո㧎Ᏽ͖⭷᝸ӱۢ㇅ᑜ 㔦㕹ǐ ᆔо⿀ᥒⓧ˕ᑜЛㄗ́‫ܙ‬Ւೡᆮሃ㣹ॼ⚍̠Лㄗⅲሠ㇫ ިቈᕖⅲ⚯ᰵ‫↠׊‬ǐଫᗊၹ㐞㑁㧣ࠑჍ⿉ᆘ୮〥͞ώ́ Ⓖᇹˏͬឳ⍷᳦ᕖⓧ˕ᑜ⸩㇔ⅲሠ㇫ި䢲ᆔоཇㄺၹᅠ ₤⿀ᥒၹⅲ͞ώ́⌔ほ͔ ଣᒶ‫ॼܫ‬ሠ㇫ިቈᕖ⚯ᰵ‫׊‬ ↠ǐ

ωૈྴⅲᡪ↠ۢⓧ˕ᑜЛㄗ ωૈྴയ᢬ሠ㇫ިቈᕖ⚯ᰵ‫↠׊‬ǐଫᗊሠ㇫ިᕲ⣵֨ ߴ䢲ωૈྴഩᇥᎪ㑚۫ጐ૷ⅲ㧰㢏ǐ᳦᢬䢲ωૈྴᆘ㑤 Ꭰ⧀ॼሠ㇫̃‫ܔܔܐ〖▦ע‬Ⴭെ᢬ሠ㇫ިዠ̵ˏͰ˙‫ۿ‬ ᎆ㘷ⅲᕊ㤚Ⓖᇹⅲⓧ˕ᑜֱᎪて㧰㢏ǐ᢬ሠ㇫ިॼሠ㇫ ⓡⴽǐ でႎˮ᧚ᕖ ଫᗊⓧ˕ᑜᆓ‫؞‬Ⓖᇹ䢲ⓧ˕ᑜഩ˙ᕒỾྴͯΰη᳦ᇥᎪ 㧰㢏⡊̵ዪᆵỾⅲ㔦㕹ǐଫᗊⓧ˕ᑜ˙ᒶᆓ‫؞‬Ⓖᇹ́䢲 ωૈྴᆘ⡅ᕒ⚍̠⼽Ԑ̠ⓧ˕ᑜǐ᢬૥䢲ᆔо⿀ᥒⓧ˕ ᑜ‫ܙ‬Ւೡᆮሃ㣹Ւॼωૈྴᆵቈᕖ⚯ᰵ‫↠׊‬ⅲሠ㇫ިˮ ⅲ⚯ᰵ‫↠׊‬ǐଫᗊၹ㐞㑁͞ώ́Ⓖᇹˏͬωૈྴ᎛ᕖ⚯ ᰵ‫↠׊‬ⅲሠ㇫ި⡊てሠ㇫ިຄᕖ‫〖ܔܐ‬ᒝⅲᕊ㤚Ⓖᇹ֨ ӱ䢲ၹᅠ⿀ᥒၹⅲ͞ώ́⌔ほՒᒶ‫ܫ‬യሠ㇫ިቈᕖ⚯ᰵ ‫↠׊‬ǐ ‫↠׊‬ᑜⅲⒼᇹ ₤㒆̮‫ۿ‬⣵Ỿၣ̞ሠ㇫ިⅲ໶ӱᆘՒ͔㕵⿀Пၔയሠ㇫ ި᎛ᕖ↿዁ᆘ㟢዁ᡪ↠ⅲˏᑜ‫ۿ‬⣵㐭⻍Ⓖᇹᓁ䢲ᆔоᕒ യてሠ㇫ި㡃᧚ⓡⴽ ǐて‫ۿ↠׊‬ٝሳ୮〥֨ߴሠ㇫ި ⅲ㑦⁧۫↠́ᆘ⡅ሠ㇫ިⅲՏ‫ܔ‬ᆵᕖ́̃ˏǐͯΰᆓ‫؞‬ Ⓖྴሠ㇫ިⅲ‫↠׊‬ᑜ࿚㦚㑡್ωૈྴⅲᜬ‫⿊ف‬೛䢲ٝሳ Ո㧎Ᏽ͖ሠ㇫ިⅲ㇅ᑜ㔦㕹ۢ㑗ⅲ␕㇉ǐ ↹㙼֨ḛྯ㐞≹ ଫᗊωૈྴ㑇ᆓᗮ␱೎኱ᆘỾၣ㣏⿀㡃᧚↹㙼ⓡⴽⅲⒼ ᇹ䢲ᆔоഩ㐞㑁ᕇᑕchristies.com⇂㠛Пၔ䢮ॼᓁ㟢ԫ 〶ⅲႎᦷ˗䢯ᆘ㐞㑁ሠ㇫ᕒ⧂⻍‫ע‬ᆘሠ㇫ᗮሠ㇫ި‫ע‬ⅲ Ռ‫݋‬㐞≹ၹǐ Ւ͔೎኱ ωૈྴ‫ۿ‬⣵〖⒤⧀Ⓖᇹᴰ㠛ⅲ‫ژ‬ㄺǐ㐝̮‫ژ‬ㄺٝሳωૈ ྴ‫ܙ‬㇫ᑜᆘ⡅ᯄॼ㇅ᑜ㦠͖㕹㧎ᆘ⡅ωૈྴ⧀ⓧ˕ᑜֱ ᎪЛㄗ㧰㢏䢲΢˩˙⿀ᥒⓧ˕ᑜዠϭ˙‫ۿ‬ᎆ㘷ⅲᕊ㤚Ⓖ ᇹᆘ۞⧀ሠ㇫ިⅲⒼᇹǐॏ᳦˖㏽‫ژ‬ㄺ⧀Ⓖᇹ㑁␙ᴰ 㠛䢲ᆔо˙ᕒॼ↹㙼ˮ᧚͠ⓡⴽǐ オⅫ㙼http://www.christies.com/financial-interest/ ≍⿾ᕇ૨㠛ᑞᕏΩ֨ߴӱЛㄗۢ͠ⓧ˕ᑜ⸩㇔೎኱ⅲを ᒝǐ

176

↹㙼⛷‫־‬ᑜ᧊̃をᒝ ˗‫־‬しよᑞᕴ↹㙼ᆘሠ㇫ިዟ㏽ˮՓᕖ͠˗Ⴭ⟵ǐオ᧚ Ⴭᕴ↹㙼Շᆘሠ㇫ިዟ㏽ˮᕖ㠛‫׾‬η⡅ǏᓁᕩǏ⚗ᦱᓁ ᕩᆘᕧ͞ⅲᆵᕖ㡣㏽঑ॼⓡ‫ܐ‬ᕴՌ‫̃܇‬ᜬ‫⿊ف‬೛ġ㇅ᑜ 㦚≹ ٝሳ⇞ިЛㄗⅲᚆᢍ˗η֨ǐてしⅲ⻢㑇ỵ⒤ ᑞሠ㇫ިᕴ㌪ⅲṸᦷᆘͯΰ␙༂ⅲУ࿂ǐᆔоཇㄺ㇅ᑜ ⿟㌪᠟⿏ሠ㇫ިⅲṸᦷǐωૈྴ̑‫ۿ‬ቍ⿀ᥒዠϭᕊ㤚Ṹ ᦷ਺‫݋‬ǐ ᑞᕴ↹㙼ǙᕖЛ₏ⅲឳ㧍ǚ˗⛷‫־‬ᑜ᧊ⅲしよۢՒ೛⟵ ᳦യሠ㇫ި‫׾‬η⡅ǏᓁᕩǏ⚗ᦱᓁᕩᆘᕧ͞ᕖᆵЛ₏ⅲ 㡣㏽ǐてしよ̃ϕ䢲˾ϯᎯഖჺ⊝②ᆵྴ̃ωૈྴപ ೰̃Ⴭ⿉ǐωૈྴۢ㇫ᑜയてしよۢՒᆵ㡣㏽ⅲᕴ↹㙼 ሠ㇫ި̃‫׾‬η⡅ᆘሠ㇫ިᑞᗮᓁᕩǏ⚗ᦱᓁᕩᆘᕧ͞Շ ‫׾‬ηⅲ⇞㈚䢲˩˙ᇥᎪͯΰ㧰㢏Ǐ᧊ྮㆼͯ‫ف⟵ݸ‬ǐ⡊ ⇞ިЛㄗᚆᢍ䢲̷˙㑗ᑞ͠てしよᆵዟ㏽ⅲሠ㇫ިǐ ↹㙼ዟ㏽ˮ㇔ᑃⅲ‫⛷ྯע‬኱ḛ㤚ⅲ⩹ᐷḛᕴ⧀ˮᐷ⠻ㄹ ‫ۿ‬⣵֨ήѰກǐᆔоഩᕒϕ⩹ᐷḛᕴ̃↹㙼ዟ㏽⿾᥾ ⇞ިЛㄗᆘǙᕖЛ₏ⅲឳ㧍ǚ˗⁧⁥ⅲͯΰࠑ㧍ۢ͠ḉ ㄺǐ

❡₝Ǐ♘ዟǏḛ₝Ǐറা₝Ǐ㢯੒Ǐ⼾⟄Ǐ㙼ӏǏ ᕊ᧊ۢᆾ❡⁅ࣰ ᕖЛ₏ⅲឳ㧍 ωૈྴほᒶ൲ᑞてⳔ⻒೰̃ηި ǙҷǚǏǙほ᳦ᒶ ̃ηިǚቋ͠ωૈྴᕖЛ₏̃Ⴭ⿉ ほ᳦䢲ᗮηި૯᜼ Ո㒴ᆘ㒴ͰᒶⳔ⻒೰̃‫׾‬ηǐ Ǚ ̃‫׾‬ηೣǚۢǙ ̃๼ηೣǚቋ͠ωૈྴᕖЛ₏̃ Ⴭ⿉ほ᳦䢲ᗮηިॼᗮⳔ⻒೰̃‫׾‬ηೣᆘ๼ηೣ೐ᆓ䢲 ‫ۿ‬⣵ॼ͔ ଣ↰ ∓˗೐ᆓǐ Ǚ ᓁᕩǚቋ͠ωૈྴᕖЛ₏̃Ⴭ⿉ほ᳦䢲ᗮηި൲ᑞ てⳔ⻒೰ᓁᕩ̃‫׾‬η䢲˩˞‫ۥ‬ᒪ֨てⳔ⻒೰̃ྗ㦑ǐ Ǚ㉾㢍 㧰ᙂǚቋ͠ωૈྴᕖЛ₏̃Ⴭ⿉ほ᳦䢲ᗮηި ՓᕖᗮⳔ⻒೰̃㧰ᙂ䢲΢ᕲ࿚ᒶてⳔ⻒೰㟓⁥̃ηިǐ ǙՓᕖ ‫׾‬ηᆾ᧊ǚቋ͠ωૈྴᕖЛ₏̃Ⴭ⿉ほ᳦䢲ᗮ ηިՓᕖᗮⳔ⻒೰̃㧰ᙂ䢲΢ᑞ㍨ྯᓁᕩ೐ᆓǐ Ǚ ⽞⽖ިǚቋ͠ωૈྴᕖЛ₏̃Ⴭ⿉ほ᳦䢲ᗮηިᒶ ᗮⳔ⻒೰ηި̃⽞⽖ި䢮ͯΰᑽᕩ䢯ǐ Ǚ▦‫ ܕ‬ǚǏǙᑽᕩ ǚǏǙ㧍ഘ ǚቋ͠ωૈྴᕖЛ ₏̃Ⴭ⿉ほ᳦䢲ᗮηި⁳ᗮⳔ⻒೰▦‫ܕ‬䢵ഘ˖ᑽᕩ䢵㧍 しǐ Ǚ㡃ᕖ ▦‫ܕ‬ǚǏǙ㡃ᕖ ̃ᑽᕩǚǏǙ㡃ᕖ ̃㧍 しǚǏǙᢍǚቋ͠ωૈྴᕖЛ₏̃Ⴭ⿉ほ᳦ᗮ▦‫ܕ‬䢵ᗮ ᑽᕩ䢵㧍しᅠ˙ᒶᗮⳔ⻒೰ᆵ᳦ǐ ۵͞Ǐ㏩ή͞‫̃ިהڪ‬ᑽᕩᒶቋ⽖㐤ុՓ̃ᑽᕩǠᆘ૯ ᜼ᑽᕩǡ⡊˙ˏ೛ᒶηި‫הڪ‬ᆘ֨ḛ̃ᑽǐ ˮ४۵△ۢሦᕴ̃ᑽᕩᒶቋηި‫הڪ‬ᆘ֨ḛ̃ᓁᕩǠᆘ ૯᜼ᓁᕩǡǐ ˮ४۵͞ᕊ₝ۢˮ४㏩ή͞₝ۢ₤͞᥅ખ ᕖЛ₏ⅲឳ㧍 Ǚҷǚቋ͠ωૈྴᕖЛ₏̃Ⴭ⿉ほ᳦䢲ᗮηި૯᜼Ո㒴 ᆘ㒴ͰᒶⳔ⻒೰̃‫׾‬ηǐ Ǚᢍǚቋ͠ωૈྴᕖЛ₏̃Ⴭ⿉ほ᳦ᗮ▦‫ܕ‬䢵ᗮᑽᕩ䢵 㧍しᅠ˙ᒶᗮⳔ⻒೰ᆵ᳦ǐ ˮ४۵△ۢሦᕴ̃ᑽᕩᒶቋηި‫הڪ‬ᆘ֨ḛ̃ᓁᕩǠᆘ ૯᜼ᓁᕩǡǐ Ὓഡ ğBoucheronĠ䣀⩮⽖㐤ࠉ̃‫֨␴ܕ‬ήᑞሠ㇫ިឳ㧍䢲 ‫⻢ם‬⍷ᘿᎯωૈྴ̃Ⴭ⿉䢲᢬ͬሠ㇫ި᳦てὛഡ⽖㐤ࠉ ᆵ⽖㐤ǐ ğMount by BoucheronĠ䣀ᘿᎯωૈྴ̃Ⴭ⿉䢲てὛ ഡ⽖㐤ࠉॼ⁥⁧てሠ㇫ިᓁϕ̞⁳Ὓഡࠉⅲೡᆮᆵዠ ϭⅲ‫⊅ۈ‬ǐ ᕖЛ₏ⅲឳ㧍 ğAttributed toĠ䣀ᘿᎯωૈྴᕖЛ₏̃Ⴭ⿉䢲ᕖ‫ۿ‬⣵ ᒶՒὛഡࠉ ⽖㐤ࠉⅲηި䢲΢˙⣵Лㄗてሠ㇫ިᒶቋ ೛Ὓഡࠉ ⽖㐤ࠉⅲηިǐ ↹㙼ዟ㏽ˮٝܰⅲՒ͔㇔〛 ğSigned Boucheron / Signature BoucheronĠ䣀ᘿ ᎯωૈྴᕖЛ₏̃Ⴭ⿉䢲ሠ㇫ި˖㍭ᕖὛഡࠉⅲ▦ದǐ ğWith maker’s mark for BoucheronĠ䣀ᘿᎯωૈྴ

ᕖЛ₏̃Ⴭ⿉䢲ሠ㇫ި˖㍭ᕖ⁥⁧ࠉⅲឳ〦ǐ ᓁᕩ

Art Nouveau 1895-1910 Bella Epoque 1895-1914 Art Deco 1915-1935 Retro 1940ໝ͞ ᆾ㚨 ⇞ިㄗᕊ ॏᕖ̮⽖㐤ࠉ˙ᕒዠϭ⇞ިㄗᕊ䢲ᆵ͠䢮㡙㤖ωૈྴॼ ॱ㙼Շ۷ᕖṁ‫׆‬をᒝ䢯䢲ωૈྴᦔᕖ⟵‫ܙف‬㇅೰ዠϭ⽖ 㐤ࠉⅲ⇞ިㄗᕊǐ㡙㤖ωૈྴ‫ܔ‬ჍՒᅠてቍ⇞ިЛㄗᚆ ᢍ۪ᩕ̵ᒢ䢲‫˙םܫ‬⣵͠⽖㐤ࠉ˙⣵ዠϭ⇞ިㄗᕊη᳦ ۪ᩕ̵ᒢⅲώ⁳ǐ ሙ㡙ᆾ㚨㣌ᥩ ↹㙼ˮሠ㇫ި᧚ᕖ ⊕ ឳぺ͞⻢Ւܰᕖⅲ㣌ᥩ‫ۿ‬⣵⼗┹㎝ ⧛⑤㐾㎔ⅲ४㢄᧊ྮ᧊⿊ほ೛᳦Ǚ‫ګ‬㢏ḵިǚǐଫᗊ㇅ ೰⿀ᥒഩ᢬ᆾ㚨㐾㐋‫׍‬ሠ㇫ᕒ਽ᆵॼⅲ͠૥ঃ‫ڈ‬䢲㣌ᥩ ഩॼ㐾㐋ᆾ㚨̃‫⼗ע‬ሙ㡙˩̠͠Лಧǐ⩮てሠ㇫ި⁳ሠ ㇫ᕒ਽ዠ۪䢲Ւ㣌ᥩഩϭԵ㇉ዠ۪ǐ ˮ४⁅ࣰۢ๼Ⳕ★ި ωૈྴほ᳦ᒶ൲ᑞて‫׾‬η⡅ᆘⳔ⻒೰̃ηި ϡଫ䣀A YIXING TEAPOT BY CHEN MINGYUAN KANGXI PERIOD (1662-1722) ₤ηިዟ㏽ឳ㧍ⅲ↿዁˗ᑜ͠⩹ᐷ૯㡹ದ㭕〼ᒝηިⅲ ᢷ൲䢲͠ωૈྴ̃Ⴭ⿉ほ᳦䢲てηި൲ᑞᆵ〼ᒝ̃ᓁ ᕩǏ⚗ᦱᓁᕩᆘᕧ͞ǐ ϡଫ䣀A BLUE AND WHITE BOWL QING DYNASTY, 18TH CENTURY ଫᑽᕩǏᓁᕩᆘ⚗ᦱᓁᕩᢍㄦ֨ήॼηިዟ㏽ឳ㧍ⅲ↿ ዁˗ᑜ˩͠⩹ᐷ૯㡹ದ㭕〼ᒝᢍㄦ᳦൲ᑞᗮᓁᕩ䢲‫͠ם‬ ωૈྴ̃Ⴭ⿉ほ᳦䢲てηި˾ᢍㄦᆵ⍷̃ᑽᕩǏᓁᕩᆘ ⚗ᦱᓁᕩ̃ηިǐ ϡଫ䣀A BLUE AND WHITE BOWL KANGXI SIX-CHARACTER MARK IN UNDERGLAZE BLUE AND OF THE PERIOD (1662-1722) ηި̃ᢷ൲͠⩹ᐷ૯㡹ದ㭕ॼՒឳ㧍ዟ㏽↿዁˗ᑜۢ͠ しよǙ‫ݸ‬ᕇᒀǚ〼ᒝ䢲͠ωૈྴ̃Ⴭ⿉ほ᳦䢲てηި˙ 㑞ᑞてᓁᕩǏ⚗ᦱᓁᕩᆘᕧ͞‫׾‬㐤ǐ ϡଫ䣀A JADE NECKLACE LIANGZHU CULTURE AND EARLIER, CIRCA 3900-2300 BC ॼηިዟ㏽ឳ㧍ⅲ↿዁˗ᑜᦔᕖ͠⩹ᐷ૯㡹ದ㭕〼ᒝᑽ ᕩǏᓁᕩᆘ⚗ᦱᓁᕩᢍㄦ̃ηި䢲͠ωૈྴ̃Ⴭ⿉ほ ᳦䢲てηި̃‫׾‬ηᑽᕩ˙でᆘ൲ᑞ㍨ྯᓁᕩ‫׾‬η̃η ިǐ ϡଫ䣀A BLUE AND WHITE BOWL ᕖЛ₏ⅲឳ㧍 ͠ωૈྴ̃Ⴭ⿉ほ᳦䢲ηި˩㤖⦪ᢷ൲ᑞ਎ᑞՒ㧰ᙂՒ 㐞ັ⼗ほ᳦ⅲᓁᕩ䢲᢬㧰ᙂഩᕒ〼ᒝॼዟ㏽ⅲⓧˏ⻍ᆘ ዟ㏽Շೲˮǐ ϡଫ A BLUE AND WHITE MING-STYLE BOWL The Ming-style bowl is decorated with lotus scrolls… ͠ωૈྴᕖЛ₏̃Ⴭ⿉ほ᳦ηި‫ۿ‬⣵ᆘ᳦༑ᶐᓁᕩ΢ω ૈྴയ᢬ᕖཱᳰᅿ₸ǐ ϡଫ A BLUE AND WHITE BOWL POSSIBLY KANGXI PERIOD ωૈྴほ᳦ηި൲ᑞᗮᓁᕩǏ⚗ᦱᓁᕩᆘᕧ͞ǐ΢͠ω ૈྴᕖЛ₏̃Ⴭ⿉ほ᳦䢲ηި‫ۿ‬⣵൲ᑞᗮᐷ٪΢ωૈྴ യ᢬ᕖཱᳰᅿ₸ ǐ ϡଫ A JADE BLADE NEOLITHIC PERIOD, POSSIBLY DAWENKOU CULTURE ᆾ⻽ Ṹᦷ਺‫ۢ݋‬け♒ ሠ㇫ˮᆵ֨ߴሠ㇫ިⅲṸᦷ‫۫ۿ‬૨␱ॏ♘ଫໝ͞ǏԱ‫ע‬ ጐિǏУ࿂ǏУώۢጐ⡔⓼ॏ♘⡊ᕖ㍨૯ㅌ٪ǐṸᦷ਺

‫ۢ݋‬け♒᳦ᆔоᆵԵ㇉ዠϭ䢲ӆ᳦ᑜЀᆔоⅲ㇅೰˩ㄈ ϭ۞㟼ǐṸᦷ਺‫ۢ݋‬け♒‫ۥ‬ᒪ̞ᆔоⅲଫഓჍ⿉΢ᕲ ࿚㉚͠⿄⯯ሠ㇫ިⅲᆵᕖ➚㡧ǏУ࿂Ǐᕇ᏾ۢ᏾㐤ǐ೉ о˙⣵۪͞⁳ၹ⿟㌪᠟㬡ሠ㇫ިᆘၹ⦪⻍െሠ㇫ިഭᥒ ⅲപᜬჍ⿉ǐሠ㇫ި঑͠ሠ㇫ᓁⅲǙήṸǚ֨ߴ˞ωૈ ྴᆘ㇫೰യᑞሠ㇫ިⅲṸᦷ˙〴ͯΰ㡣㏽ᆘЛㄗǐ Ṹᦷ਺‫݋‬け♒ ᆔоዠϭ᜼ᦷသǏᐪದ㡹ᚖབྷṸᦷ⓼♒͠യḵިⅲ✼㭕 သṸᦷዠϭቋཛǐ۷૥䢲オॼⒼᇹ‫ע‬㟼ㅄ᣷йሠ㇫ިⅲ Ṹᦷ਺‫ۢ݋‬㡃‫ॱ؟‬ӏǐ ⓧ ♒䣀 てḵިᕲ݊ήϕᆘ⌹ጐⅲ㊀ㅿ䢲‫⿏⼗ۿ‬᳦ଫ ᑕ䢲ᦔᕖῂ⃍ǐ‫⼾ۈ‬ٝ⼾ۢЛㄼ⥫⥧‫ۿ‬⣵೐ᐦ ᴰ➚䢲オ۞⡃ሠ㇫ިዟ㏽ǐ ⓧ ♒䣀 てḵި݊ή♢࿇ⅲῂ⃍䢲‫⿏⼗ۿ‬᳦໦̅Ոᑕǐ てḵި‫ۿ‬⣵ྐྵᕲ⼗ϕ㑁䢲ᆘ‫ۿ‬⣵⼗ϕ㑁໦ ᡹ǐてḵި˖ӆᕖॼṸᦷ਺‫݋‬ˮᆵ㏽ⅲ♢࿇ⅲ Ṹᦷҧ〼ǐ ⓧ ♒䣀 てḵި݊ή‫ۿ‬ഌ⿨ⅲ⼗ϕ㑁ⅲ⃩㊀ǐͯΰϕ ᆘ⌹ጐⅲ㊀ㅿ㓅ྫ㍷࿇ǐṸᦷ⨑ଦǐ ⓧ ♒䣀 てḵި݊ή㧂❀ϕྯˏ⧝ⅲ⌹ጐ㊀ㅿǐてḵ ިಧॼ㍷༂✼㭕သ⌹ጐᆘറ╊६Շⅲ㕵૯⌹ ጐǐṸᦷ˙㚢ǐ ⓧ ♒䣀 てḵި݊ή֨ॏ⚯ັᆘ㕵༂ϕᆵ㐤ᆓⅲጐ ⡔ǐ᢬ḵިⴷᑞ‫⼗ۿ‬ϕⅲṸᦷ䢲オ۞ᵨṸᦷ 〦㙼ǐ യᑞሠ㇫ިṸᦷ䢲⁳ᑞ↹㙼ḛ㤚ᆵ㡋ᕲ⣵ዠϭയሠ㇫ި ⅲՈ㤚ዟ㏽䢲⡊ᆵ㍭ॱӏ̷‫ۿ‬⣵ᴰ᧊᪹᜙㧩⍷ሠ㇫ިṸ ᦷǐሠ㇫ިഓḵ⧀㐕㑁‫ۢהڪ‬㧩⍷൝ൢ⍷ⅲॱӏ⨓ྐ‫ݸ‬ ⨓゠ᆘᕒಧॼ⨓ກǐ㟯˗ᕖㆼͯ⌔Л㟯˗ຄᏻ‫˩׍‬ຄ⡃ ᄖ‫ͯ׍‬ΰṸᦷ਺‫ۢ݋‬け♒ǐᆔоཇㄺ㟯˗⿟㌪᠟㬡ሠ㇫ ިᆘ⦪⻍െሠ㇫ިഭᥒപᜬჍ⿉ǐ ᕖ㠛Ǚ㔌ͬǚ ॼᕴ↹㙼ˮ䢲Ǚ㔌ͬǚᆵቋ᳦↍Փ̃㕹൲㒴ֱ䢲ଫ㚹͠ ᕖ⨓㕹൲䢮ϡଫ㕹Ǐ㘇ᆘ㖞㕹䢯⻽ᇐǏ໶㒴ᇥᇇ㔌ͬǏ ኷㛻Ǐ㞰٬Ǐۢ ᆘ኷ຯǐ↹㙼ˮ̃Ǚ㷌㕹㔌ͬǚǏ Ǚ♌㘇㔌ͬǚᆘǙ㖞㕹㔌ͬǚ♌☀᳦㔌ͬ㧐⨓ᆘⴷώᑜ ᧊⡊㤖ഓ㢄‫ۈ‬ᑃ̃ዟ㏽ǐ⩮ͯΰሠ㇫ި̃㔌ͬ೐Ո͠ᗮ ␱㕹൲⽖㐤䢲⇂㠛ᚆ↹ഩ㡃͠ṁ‫׆‬をᒝǐ

‫ܕ‬㔑 ㈂㇅ˏ☴‫־‬ㆸᇟⅲ㑤Ꭰᡪ ˏ♴ㆸᇟՇܰ૨ᇟ⇂‫ܔ‬ᇟ㕷Ǐ⁄ೲ㕷ۢ␱㧛ⅲ‫ܕ‬㔑ǐⒼ ᇹഩᕒ⁳ˏ☴‫־‬ㆸᇟ̃ˮⅲⓧˏㆸᇟ㟚୥䢲ᆓ‫؞‬Ⓖᇹⅲ ㇅೰ᕖᡪ͠⇂‫ܔ‬ⅲ⭷᝸ӱ㈂Ն☴‫־‬ˮ㒴ֱᆘՈ㒴ㆸᇟǐ ⩮ᗊⓧˏㆸᇟⅲ㇅೰ᕲᕖ㐭ˏ᢭㈂Ն䢲て☴‫־‬ㆸᇟⅲ㨾 ˗ㆸᇟഩᕒ⇂Κⅲᑜབྷ㟚ᐁⒼᇹǐωૈྴཇㄺയㆸᇟⅲ ֨ӱᅠॼて☴‫־‬ㆸᇟⅲⓧˏㆸᇟ̃˖ǐଫᗊ֨ӱ⼗۪ ͞䢲ωૈྴഩᕒ⦪‫ؽ‬ᇰ㇅೰ⅲ֨ӱ⟄ॼ˗ˏ⇂‫ܔ‬ㆸᇟ䢲 ଫ᢬㧛ዃǐॼᆵᕖႎᦷ˗䢲ᕖ㠛֨ӱ঑Ոᡪ⁳ሠ㇫೙ⴷ ώǐ ֱ㧛 Շೲˮⅲ᧖ḓ૨ֱ㧛ឳᬠӆηㄦ‫̃׆‬䢲˩˞ᘿᎯ Médoc 1855ໝ᢫བྷⅲֱ㧛ឳᬠۢՒ͔ឳᬠϜᬜǐ㡙〼 ᒝ૥䢲ᆵᕖ‫ܕ‬㔑঑ॼ⫦७Շ⼾⁄ǐ ⧃㔑ⅲ⦪ᵁ⡔ጐۢ㔑ਫ਼ ॼᕴ↹㙼Շ‫־‬ᒝⅲ‫ܕ‬㔑঑ॼ‫↯עהڪ‬㕷⌔೛Շೲ᢫⌔䢲 Ⴅ⧃㔑㇅೰࿚㦚യ⦪ᵁ␙༂ⅲ⡔ጐǏ㔑╀ṸᦷǏឳ◂Ǐ 㔑ਫ਼ۢ‫ܕ‬㔑ⅲກ₢η֨ٝೲǐဿ˙዁۫㐊ㆸǐ ⡔ጐ ‫ܕ‬㔑᥅Ψᕲ⣵㑇⦰᭸ⅲ᥅Ψ̃ກ㉽䢲ᕖ㠛ກ㉽ᕒᘿᎯ‫ܕ‬ 㔑̃ໝᕩ⡊ᕖᆵ˙‫ܔ‬䢲⡊ॼ㘷ߴ‫ע‬⣵㐞㑁᠟㬡⌔೛ⅲ䢲 ঑ᕒॼ↹㙼ˮ〼ᒝǐᕴ↹㙼͠ॱ⻢ⅲྋབྷで♢をᒝ᥅Ψ ⧀ጐ⡔㕷ྋೲۢ⿾㕳͠ᑜЀ㟯˗۞⡃ǐ