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According to the laws and regulations of the People‘s Republic of China, the lots marked with * in the catalogue cannot be exported.

In the payment of any purchase made by the Buyer during the 40th China Guardian Quarterly Auctions before and up to and including the 5th of January 2015, the commission of the Buyer will be charged 13.5% of the Hammer Price, and from the 6th of January and up to and including the 20th of January 2015, the commission of the Buyer will be charged 14% of the Hammer Price. This preferential policy will terminate on the 21st of January. Any deduction between the Buyer’s payment and the Seller‘s payment shall not apply to this preferential policy. The Buyer may not collect the Lot without full payment.

1. Please note that the following lots have been withdrawn: Lot 0058, Lot 0350, Lot 0685.

2. Lot 0162, Landscape, the artist should be Lu Yifei (1931-2005).

3. The publication of Lot 0501, Tan Yunguan (1909-2001), Character and Landscape, please refer to Chinese text.

4. Lot 0559, Yang Renkai, Calligraphy, artist’s year of birth and death should be 1915 and 2008.

2014-12-20

1. Lot 1064, the artist should be Zhang Xian.

2. Lot 1118, the size should be 25×23cm.

3. Lot 1249, the estimate price should be RMB 120,000-180,000.

2013-12-21