Chinese C

alligraphy and Fan

C13071

J u l y 8 , M o n d a y , 2 0 1 3 S h a n g h a i

Chinese Calligraphy and Fan

200023 5/F, Tower 1, New Richport, No.763 Mengzi Road, Huangpu District Tel: +86-21-23286888 Fax: +86-21-53060053

WWW.HOSANE.COM

Hosane 2013 Spring Auctions

Chinese Calligraphy and Fan

HOSANE LIVE 2013 Spring Auctions will be broadcast live at www.hosane.com

Portman Ritz-Carlton Hotel Shanghai1376 Nanjing West Road, Shanghai

Jianguo Hotel Shanghai439 Caoxi North Road, Shanghai

Auctions

Previews

Auctions

Previews

Modern and Contemporary Chinese Ceramics10:00 July 7, 2013

Important Imperial Chinese Ceramics and Works of Art13:00 July 7, 2013

Chinese Ceramics and Works of ArtFollowing the Previous Sale July 7, 2013

Contemporary Art/ Oil Painting & Sculpture15:30 July 7, 2013

The Palpitation for the Native Land - Luo Zhongli's ArtFollowing the Previous Sale July 7, 2013

Ha Ding's Watercolor: Commemorating the 90th

Anniversary of the Birth of Ha DingFollowing the Previous Sale July 7, 2013

Art & Life Style Following the Previous Sale July 7, 2013

Chinese Calligraphy and Fan9:30 July 8, 2013

The Beauty Paintings from the Ming and Qing Dynasties to

the 20th Century13:00 July 8, 2013

Fine Chinese Paintings and Calligraphy Following the Previous Sale July 8, 2013

From July 5th To One Day Before Each Sale

Gold and Silver Coins of PRC13:00 June 29, 2013

Ancient Coins/ Gold & Silver Sycees

/ Milled Coinage9:45 June 30, 2013

Important Chinese Art Reference Books

From C.T.LOO'S Private Collection 9:30 July 1-2, 2013

Vintage Paper Collectables including Private

collections of W.H.FFollowing the Previous Sale July 2-3, 2013

Stamps & Postal History

10:00 July 3-4, 2013

From June 28th To One Day Before Each Sale

SHANGHAI HOSANE AUCTION CO., LTD.

Ms. Shanshan Qiu

Deputy ManagerTel: +86-13818095779E-mail: qiushanshan@hosane.com

Ms. Xiaoyan Zhao

ManagerTel: +86-13701768866E-mail: zhaoxiaoyan@hosane.com

8001

ZHUANG XIAN BUDDHAMounted, ink on paper

RMB: 4,000-6,000

8001

8002

ZHUANG XIAN CHRYSANTHEMUM FOUR-CHARACTER POEM IN OFFICIAL SCRIPTFolding fan, ink on paper

RMB: 6,000-8,000

8002

8003

WU YING LIU YIZHENGPINE SEVEN-CHARACTER POEM IN OFFICIAL SCRIPTFolding fan, ink on paper

RMB: 6,000-8,000

8003

8004

ZHUANG XIAN FIVE-CHARACTER COUPLET IN OFFICIAL SCRIPTMounted, ink on paper

RMB: 4,000-6,000

8005

ZHUANG XIAN SEVEN-CHARACTER COUPLET IN OFFICIAL SCRIPTMounted, ink on paper

RMB: 4,000-6,000

8004 8005

8006

足

ZHUANG YUNKUAN FOUR-CHARACTER POEM IN REGULAR SCRIPTHanging scroll, ink on paper

RMB: 10,000-20,0008006

8007

ZHUANG YUNKUAN LETTER TO ZHUANG XIANLetter, ink on paper

RMB: 6,000-8,000

8008

REN HONGJUN LETTER TO LU WEIRULetter, ink on paper

RMB: 3,000-5,000

8007

8008

8009

CHEN HENGZHE LETTER TO LU WEIRULetter, ink on paper

RMB: 6,000-8,000

8010

CHEN HENGZHE LETTER TO ZHUANG XIANLetter, ink on paper

RMB: 6,000-8,000

8009

8010

8012

DI PINGZI LETTERLetter, ink on paper

RMB: 15,000-18,000

8011

ZHANG JIAN CALLIGRAPHY IN REGULAR SCRIPTHorizontal scroll, ink on paper

RMB: 15,000-20,000

8011

8013

SHI SHUQING LETTER TO CAI GENGLetter, paper

RMB: 4,000-6,000

8012

8013

0-6,000

8012

8013

8014

YE QIANYU LETTERS TO CAI GENGLetters, paper

RMB: 15,000-20,000

8015

YE QIANYU SKETCHESMounteds and letters, ink on paper

RMB: 18,000-20,000

8014

8015

8018

WANG JINGFU LETTERS TO CAI GENGLetters, paper

RMB: 8,000-10,000

8016

GU TINGLONG LETTERS TO CAI GENGLetters, paper

RMB: 12,000-15,000

8017

HU WENSUI LETTERS TO CAI GENGLetters, paper

RMB: 15,000-18,000

8016

8017

8018

8019髮

CHENG SHIFA LETTERS TO CAI GENG AND CALLIGRAPHYLetters and mounted, ink on paper

RMB: 30,000-40,000

8020

為 為蔡耕所寫書簽。

ZHU QIZHAN LETTERS TO CAI GENGLetters, paper

RMB: 12,000-15,000

8021

QIU SHOUCHENG, WENG KAIYUN, GUO RUOYU LETTERS TO CAI GENGLetters, paper

RMB: 3,000-5,000

8019

8020

8021

8023溍

ZHU JIAJIN LETTERS TO CAI GENGLetters, paper

RMB: 18,000-20,000

8022

WANG SHIXIANG LETTERS TO CAI GENGLetters, paper

RMB: 50,000-60,000

8023

8022

8024

SU YUANLEI LETTERS TO CAI GENGLetters, paper

RMB: 8,000-10,000

8025

XU XIUTANG, BAO ZHONGMEI LETTER TO CAI GENGLetter, paper

RMB:2,000-3,000

8026

ZHONG YECHE, FAN JINGYI LETTER TO CAI GENGLetter and card, paper

RMB: 2,000-3,000

8024

8025

8026

8027

8028

LETTERS TO CAI GENG AND HONG JIANHUALetters, paper

RMB:2,000-3,000

CAI GENG LETTERS TO CAI GENGLetters, paper

RMB:3,000-5,000

8027

8028

8030

HUANG KAN LETTERSLetter, ink on paper

RMB: 15,000-18,000

8029

SHEN CONGWEN LETTER TO ZI GANGLetter, ink on paper

RMB: 30,000-35,000

8029

8030

8031

澂

ZENG GUOFAN WU DAZHENG ETC.LETTERAlbum, ink on colored paper

RMB: 50,000-60,000

8031

8032

MASTER BENJI ALBUM OF LETTERSAlbum, ink on paper

RMB: 28,000-38,000

8032

8032

8033

JIANG KONGYIN CALLIGRAPHY IN RUNNING SCRIPTMounted, ink on paper

RMB: 4,000-6,000

8034

LIU SHIPEI CALLIGRAPHY IN REGULAR SCRIPTAlbum of twelve leaves, ink on paper

RMB: 25,000-30,000

8034

8033

8035

併

YUAN SONGNIAN, LIU WEISHAN LANDSCAPEWANG ANSHI'S POEMS IN RUNNING SCRIPTFolding fan, ink and color on paper

RMB: 15,000-25,000

8035

8036

TANG YUN LANDSCAPE JIANG HANTINGNESTLINGS AND BAMBOOFolding fan, ink and color on paper

RMB: 30,000-60,000

8036

8037

CAI XI, ZHU YUANSHU CATSDU FU'S POEM IN REGULAR SCRIPTFolding fan, ink and color on paper

RMB: 12,000-25,000

8037

8038

粧 ， ， WANG WEI, TAN ZEKAI NARCISSU AND BIRDCALLIGRAPHY IN RUNNING SCRIPTFolding fan, ink and color on paper

RMB: 15,000-35,000

8038

8039

HU XIAOSHI LANDSCAPEXU GONGZE CALLIGRAPHY IN REGULAR SCRIPTFolding fan, ink and color on paper

RMB: 15,000-25,000

8039

8040

髮

JIN CHENG, TONG DANIAN LANDSCAPECALLIGRAPHY IN RUNNING SCRIPTFolding fan, ink and color on paper

RMB: 30,000-40,000

8040

8041

ZHU MEICUN LOTUS QIAN JUNTAO WANG CHANGLING'S POEM IN OFFICIAL SCRIPTFolding fan, ink and color on paper

RMB: 10,000-20,000

8041

8042

JING HENGYI CHRYSANTHEMUM AND BAMBOOFolding fan, ink on paper

RMB: 6,000-8,000

8042

8043

繖 澂

庠印（白文）、凤石（朱文）

JIN XINLAN PLUM BLOSSOMLU RUNXIANG CALLIGRAPHY IN RUNNING SCRIPTFolding fan, ink and color on gold paper

RMB: 15,000-35,000

8043

8044

HAN MIN CACIQUE BIRD AND CHAIRMAN MAO'S SONG IN RUNNING SCRIPTFolding fan, ink and color on gold paper

RMB: 20,000-25,000

8044

8045

TAN SHAOYUN FIGURE OF PERSON OF HIGH QUALITYWANG FU'AN CALLIGRAPHY IN OFFICIAL SCRIPT

RMB: 8,000-28,000

8046

WANG FU'AN TEN-CHARACTER COUPLET IN SEAL SCRIPTPair of hanging scrolls, ink on paper

RMB: 60,000-70,000

8045

8047

WANG FU'AN SIXTEEN-CHARACTER COUPLET IN SEAL SCRIPTPair of hanging scrolls, ink on paper

RMB: 35,000-55,000

8046

8047

8048

WANG FU'AN SEVEN-CHARACTER COUPLET IN SEAL SCRIPTPair of hanging scrolls, ink on paper

RMB: 35,000-45,000

8049

WANG FU'AN SEVEN-CHARACTER COUPLET IN OFFICIAL SCRIPTPair of hanging scrolls, ink on paper

RMB: 50,000-58,000

8048 8049

8050

GU YUFEN FIGURE OF THE GODDESSHanging scroll, ink and color on paper

RMB: 50,000-60,000

8050

8052

YU YOUREN LU YOU'S POEM IN CURISIVE SCRIPTMounted, ink on paper

RMB: 35,000-55,000

8051

YU YOUREN FIVE-CHARACTER COUPLET IN CURSIVE SCRIPTPair of hanging scrolls, ink on paper

RMB: 35,000-55,000

8053

YU YOUREN SEVEN-CHARACTER POEM IN CURSIVE SCRIPTHanging scroll, ink on paper

RMB:40,000-60,000

8051

8052

8053

8054

YU YOUREN CALLIGRAPHY IN CURSIVE SCRIPTMounted, ink on paper

RMB: 50,000-60,000

8055

張

YU YOUREN SEVEN-CHARACTER POEM IN CURSIVE SCRIPTHanging scroll, ink on paper

RMB:45,000-60,000

8054 8055

8056

頫 悜

SHEN YINMO CALLIGRAPHY IN REGULAR SCRIPTMounted, ink on paper

RMB: 130,000-150,0008056

8057

SHEN YINMO SEVEN-CHARACTER POEM IN RUNNING SCRIPTFan leaf, ink on paper

RMB: 20,000-30,000

8058

SHEN YINMO CALLIGRAPHY IN REGULAR SCRIPTHand scroll, ink on paper

RMB:60,000-120,000

8057

8058

8060

菴

8059

SHEN YINMO CALLIGRAPHY IN REGULAR SCRIPTHanging scroll, ink on paper

RMB: 25,000-35,000

SHEN YINMO WANG ANSHI'S POEM IN RUNNING SCRIPTHanging scroll, ink on paper

RMB: 40,000-80,000

8059

8060

8061

BAI JIAO YUAN XILIAN GAO ZHENXIAO, ETC CALLIGRAPHY

RMB: 38,000-45,000

8061

8062

ZHANG JIAN SEVEN-CHARACTER COUPLET IN RUNNING SCRIPT

RMB: 16,000-25,000

8063

QIAN ZHENHUANG NINE-CHARACTER COUPLET IN REGULAR-RUNNING SCRIPT

RMB: 35,000-45,000

80638062

8064垿

WANG XU SEVEN-CHARACTER COUPLET IN REGULAR SCRIPT

RMB: 1,000-1,500

8065

80658064

8066

WANG TONGYU EIGHT-CHARACTER COUPLET IN REGULAR SCRIPT

RMB: 5,000-8,000

8067

LU RUNXIANG EIGHT-CHARACTER COUPLET IN REGULAR SCRIPT

RMB: 16,000-18,000

80678066

XU CHENGYAO TEN-CHARACTER IN OFFICIAL SCRIPT

RMB: 12,000-15,000

8068

MA GONGYU FOUR-CHARACTER COUPLET IN SEAL SCRIPT

RMB: 12,000-20,000

8069

8068

8069

TONG DANIAN BIG GRAMS TRIPOD INSCRIPTION

RMB: 8,000-18,000

8070

斎

WU HUFAN SEVEN-CHARACTER COUPLET IN RUNNING SCRIPT

RMB: 80,000-180,000

8070

8071

ZHANG DU CALLIGRAPHY IN RUNNING-REGULAR SCRIPT

RMB: 200,000-300,000

80718071( )

8073

DENG SANMU CALLIGRAPHY

RMB: 20,000-30,000

8072

ZHANG DU CALLIGRAPHY IN RUNNING-REGULAR SCRIPT

RMB: 6,000-8,000

8073

8072

8074匋

QIAN JUNTAO FIVE-CHARACTER COUPLET IN OFFICIAL SCRIPTMounted

RMB: 3,000-5,000

8075匋

QIAN JUNTAO SEVEN-CHARACTER COUPLET IN OFFICIAL SCRIPTMounted

RMB: 4,000-6,000

80758074

8076珺

珺

WU QINGXIA FIVE-CHARACTER POEM IN RUNNING SCRIPT

RMB:60,000-80,000

8076

8077燡

LIU YI EIGHT-CHARACTER COUPLET IN RUNNING SCRIPT

RMB: 20,000-30,000

8078淦

QU GAN SEVEN-CHARACTER COUPLET IN RUNNING SCRIPT

RMB: 10,000-15,000

80788077

8079

DENG BANGSHU SEVEN-CHARACTER IN RUNNING SCRIPT

RMB: 10,000-15,000

8080

GAO CHUIWAN EIGHT-CHARACTER COUPLET IN RUNNING SCRIPT

RMB: 25,000-30,000

80808079

8081

HE WEIPU CALLIGRAPHY IN RUNNING SCRIPT

RMB: 25,000-28,000

8082

XU BANGDA SEVEN-CHARACTER POEM IN RUNNING SCRIPT

RMB: 8,000-18,000

80828081

8083

ZHANG SHIZHAO SEVEN-CHARACTER POEM IN RUNNING-REGULAR SCRIPT

RMB: 15,000-20,000

8084

XU NAIZHAO CALLIGRAPHY IN RUNNING SCRIPT

RMB: 15,000-18,000

80848083

8085

SHA MENGHAI FOUR-CHARACTER POEM IN RUNNING SCRIPT

RMB: 50,000-80,000

8086

SHA MENGHAI SEVEN-CHARACTER POEM IN RUNNING SCRIPT

RMB: 60,000-100,000

8086

8085

8087

GAO SHIXIONG CALLIGRAPHY IN REGULAR SCRIPT

RMB: 1,000-2,000

8088

GANZHU ERWA TIBETAN CALLIGRAPHY

RMB: 6,000-8,000

8088

8087

8089

XIA CHENGTAO XIA CHENGTAO'S SONG IN CURSIVE SCRIPTCHEN DUXIU TAO YUANMING'S POEM IN CURSIVE SCRIPT

RMB: 150,000-180,000

8089

8090

DONG ZUOBIN ORACLE BONE INSCRIPTIONS

RMB: 20,000-25,000

8091

DONG ZUOBIN ORACLE BONE INSCRIPTIONS

RMB: 15,000-25,000

8090 8091

8092

DONG ZUOBIN ORACLE BONE INSCRIPTIONS

RMB: 25,000-30,000

8093

8092

DONG ZUOBIN, LI JI,LIANG YONGSI, SHI ZHANGRU, ETC.LETTERS AND ARTICAL

RMB: 18,000-28,000

8093

8094

PU RU SEVEN-CHARACTER COUPLET IN REGULAR SCRIPTMounted, ink on paper

RMB: 80,000-120,0008094

8095

PU RU FIVE-CHARACTER COUPLET IN RUNNING SCRIPTPair of hanging scrolls, ink on red paper

RMB: 50,000-100,0008095

8096

HUANG JUNBI CALLIGRAPHY IN REGULAR SCRIPTHanging scroll, ink on paper

RMB: 3,000-5,000

8097

HUANG JUNBI CALLIGRAPHY IN REGULAR SCRIPTHanging scroll, ink on paper

RMB: 3,000-5,000

8096 8097

8098

PENG CHUNSHI CALLIGRAPHY IN RUNNING SCRIPTHand scroll, ink on paper

RMB: 15,000-25,000

8098

8099

，

GAO YANG CALLIGRAPHY IN RUNNING SCRIPTMounted, ink on paper

RMB: 10,000-20,000

8099

8100

TAI JINGNONG FIVE-CHARACTER COUPLET IN OFFICIAL SCRIPTMounted, ink on paper

RMB: 20,000-30,000

8101

舩

TAI JINGNONG FIVE-CHARACTER POEM IN CURSIVE SCRIPTMounted, ink on paper

RMB: 15,000-25,000

8100

8102

TAI JINGNONG POEM IN CURSIVE SCRIPTHanging scroll, ink on paper

RMB: 20,000-30,0008101

8102

8103

TAI JINGNONG SU SHI'S POEMS IN RUNNING SCRIPTMounted, ink on paper

RMB: 25,000-35,000

8103

8104

TAI JINGNONG, CHEN DINGSHAN SEVEN-CHARACTER POEM IN RUNNING SCRIPTMounted, Hanging, ink on paper

RMB: 18,000-25,000

8104

8104

8105WANG ZHUANGWEI CALLIGRAPHY IN RUNNING SCRIPTMounted, ink on paper

RMB: 10,000-15,000

8106

OU HAONIAN CALLIGRAPHY IN RUNNING SCRIPTHorizonal scroll, ink on paper

RMB: 20,000-40,000

8105

8106

8107

ZHUANG YAN TWENTY-TWO-CHARACTER COUPLET IN REGULAR SCRIPTPair of hanging scrolls, ink on paper

RMB: 15,000-25,000

8108

WANG ZHUANGWEI TWELVE-CHARACTER COUPLET IN SEAL SCRIPT

RMB: 8,000-12,000

8107 8108

8109

獷

QIAN MU SEVEN-CHARACTER POEM IN RUNNING SCRIPTMounted, ink on paper

RMB: 15,000-18,000

JIANG ZHAOSHEN CALLIGRAPHYMounted, ink on paper

RMB: 50,000-60,000

8109

8110

8111

JIANG ZHAOSHEN SEVEN-CHARACTER COUPLETIN RUNNING SCRIPTPair of hanging scrolls, ink on paper

RMB: 20,000-40,000

8112

LUO QING FOUR-CHARACTER COUPLET IN RUNNING SCRIPTPair of hanging scrolls, ink on paper

RMB: 10,000-20,000

8111 8112

8113

QIU FENGJIA SIX-CHARACTER COUPLET IN RUNNING SCRIPTPair of hanging scrolls, ink on paper

RMB: 40,000-45,000

8114

LAN YUNPING SEVEN-CHARACTER COUPLET IN REGULAR SCRIPTPair of hanging scrolls, ink on paper

RMB: 8,000-12,000

8113 8114

8116

LUO JIALUN CALLIGRAPHY IN CURSIVE SCRIPTMounted, ink on paper

RMB: 9,000-12,000

8115

LIN YUTANG THESIS IN RUNNING SCRIPTMounted, ink on paper

RMB: 15,000-25,000

8115

8116

8117

8117

8118

煙

8118

PAN WEIRU SEVEN-CHARACTER POEM IN RUNNING SCRIPTMounted, ink on paper

RMB: 7,000-8,000

GU CHENG LANDSCAPE PAN WEIRU CALLIGRAPHY IN RUNNING SCRIPTMounted and framed, ink and color on paper

RMB: 14,000-15,000

8119

ZHA SHIBIAO BOATING IN AUTUMNFan leaf, ink on paper

RMB: 20,000-40,000

8120

GAI QI FLOWER AND STONEFan leaf, ink and color on silk

RMB: 6,000-8,000

8119

8120

8121

WANG XINCHUAN PICTURE AFTER WANG YUYANG'S POEMFan leaf, ink and color on paper

RMB:6,000-10,000

8122

GUO HU LANDSCAPEFan leaf, ink and color on paper

RMB:6,000-8,000

8121

8122

8123

ZHANG PUDONG LANDSCAPEFan leaf,

RMB:6,000-8,000

8124

ZHAO ZHIQIAN CALLIGRAPHY IN REGULAR SCRIPT

RMB:18,000-28,000

8123

8124

8125琯

琯

XIE GUANQIAO CALLIGRAPHY IN CURSIVE SCRIPT

paper

RMB: 8,000-12,000

8126

GUAN ZILAN CALLIGRAPHY IN REGULAR SCRIPT

RMB: 8,000-12,000

8125

8126

8127

NI WENYING FLOWERS FENG XU CALLIGRAPHY IN REGULAR SCRIPT

paper

RMB: 10,000-15,000

8127

8128

葉棣之

印

YE MANSHU, YE RENLI, GAO JUN, LV SHIBINTANG YI LANDSCAPE AND CALLIGRAPHYFan leaves, ink and color on paper

RMB: 5,000-8,000

8128

8129

TANG YUN FRUITSFan leaf, ink and color on paper

RMB: 25,000-28,000

8130

WANG ZHEN VIEW OF SPRINGFan leaf, ink and color on paper

RMB: 8,000-12,000

8129

8130

8131

TANG YUN INSECTS AND EGGPLANTFolding fan, ink on paper

RMB: 15,000-18,000

8132

WU HUFAN LANDSCAPE SHEN YINMO CALLIGRAPHY IN REGULAR SCRIPTFolding fan, ink and color on paper

RMB: 300,000-350,000

8131

8132

8133

8133

8133

WU CHANGSHUO FLOWERS AND CALLIGRAPHY IN RUNNING SCRIPT

RMB: 100,000-150,000

8134

鑑

鑑

CHEN ZENGSHOU PINEXU SHIGANG CALLIGRAPHY IN RUNNING SCRIPTFolding fan, ink on paper

RMB: 12,000-22,000

8134

8135

LIU ZIJIU LANDSCAPEQIAN YUANXONG CALLIGRAPHY IN SEAL SCRIPTFolding fan, ink and color on paper

RMB: 15,000-20,000

8135

8136

WU QINGXIA WILD GOOSE AND REEDXIA XUAN FIVE-CHARACTER POEM IN RUNNING SCRIPTFolding fan, ink and color on paper

RMB: 25,000-30,000

8136

8137

FANG DE COCKSYIN GUANG CALLIGRAPHY IN CURSIVE SCRIPTFolding fan, ink and color on paper

RMB: 25,000-28,000

8137

8138

WU YOURU PICTURE OF A BUDDAHISM STORYHUANG ZUNXIAN CALLIGRAPHY IN RUNNING-CURSIVE SCRIPTFolding fan, ink and color on paper

RMB: 25,000-28,000

8138

8139

隄

ZHOU SHUZI POENYCHEN MIAN CALLIGRAPHY IN REGULAR SCRIPT

RMB: 10,000-15,000

8139

8140

WANG KUN STUDYING AT AUTUMN NIGHTPAN CHANGXU CALLIGRAPHY IN RUNNING SCRIPTFolding fan, ink and color on paper

RMB: 8,000-12,000

8140

8141

CHEN YUANDU HUNDRED CHILDRENFolding fan, ink and color on paper

RMB: 8,000-12,000

8141

8142

WANG FU'AN CALLIGRAPHY IN SEAL SCRIPTHanging scrolls, ink on paper

RMB: 100,000-120,000

8142

8143

YANG XIANSHAN Hanging scroll, ink on paper

RMB:30,000-60,0008143

8144

8145

LI JISHEN CALLIGRAPHY IN REGULAR SCRIPTMounted and framed, ink on paper

RMB: 25,000-30,000

CAI YUANPEI CALLIGRAPHY IN REGULAR SCRIPT

RMB: 28,000-35,000

8144

8145

8146

ZHAO ZHIQIAN LETTER TO SHEN JUNCHUMounted, ink on paper

RMB: 50,000-80,000

8147

XU BEIHONG LETTERMounted and framed, ink on paper

RMB: 100,000-120,000

8146

8134

8147

8148

DENG SANMU SEVEN-CHARACTER IN CURSIVE SCRIPTPair of hanging scrolls, ink on paper

RMB: 10,000-20,000

8148

8149

XIONG XILING CALLIGRAPHY IN CURSIVE SCRIPTHanging scrolls, ink on paper

RMB: 10,000-15,000

8149

8151

TAN SITONG FOUR-CHARACTER COUPLET IN REGULAR SCRIPTPair of hanging scrolls, ink on paper

RMB: 50,000-60,000

8150

SHEN YINMO SEVEN-CHARACTER COUPLET IN REGULAR SCRIPTPair of hanging scrolls, ink on paper

RMB: 40,000-50,000

8150 8151

8152

LIU YONG ZHU XI'S WORD IN RUNNING SCRIPT

RMB: 80,000-120,000

8152

Chapter I General Provisions Article 1 Governing Law This Conditions of Business (hereinafter referred to as the "Conditions") are made in accordance with the Auction Law of People's Republic of China, other relevant laws and regulations with reference to international auction business practices.

The terms used in these conditions and other documents of our company shall have the following meanings: (1) "Our Company/We/us/Auctioneer" means Shanghai Hosane Auction Co., Ltd.. (2) "the Bidder" means a natural person, legal person or any other organization that has gone through necessary formalities and has full capacity of civil rights to bid at auction according to provisions of Chinese laws. The Bidder shall satisfy the requirements of any provision set by Chinese Laws. In these Conditions, the Bidder shall include any of its agents unless otherwise provided there under or in a particular context. (3) "the Buyer" means the person who offers the highest bid accepted by the Auctioneer. (4) "the Consignor" means a natural person, legal person or any other organization who consigns Lots to us for auction in accordance with this Conditions. The Consignor shall include any of its agents unless otherwise provided there under or in a particular context(5) "Lot" means any item(s) deposited with us for sale at auction.(6) "Auction Date" means the published date on which the auction will formally begin. In the case of any discrepancy between the actual date of auction and the published date, the actual date of auction shall prevail.

the sale of any Lot by striking his hammer or in any other openly showed manners. (8) "Hammer Price" means the amount of the highest bid accepted by the auctioneer in relation to a Lot. (9) "Proceeds of Sale" means the net amount owed to the Consignor, which includes Hammer Prices less commission pro rata, all expenses and other amount owed to us by the Consignor. (10) "Purchase Price" means the total amount payable by Buyer for its bid, including Hammer Price, commission and other expenses payable by Buyer as well as the charges caused by Buyer's defaults. (11) "Expenses" means charges and expenses including but not limited to expenses with respect to Lot insurance, catalogue and other advertisement, package, transportation and storage and any other expenses pursuant to relevant laws, regulations and provisions hereof. (12) "Reserve" means the price below which we agree with the Consignor in writing that the Lot cannot be sold. (13) "Reference Price" means the price of the Lot provided in the catalogue or other descriptive materials and estimated prior to the Auction. Subject to possible changes from time to time, the

reference price is for the reference only and has no legal binding effect.

Article 3 InurementWe organize auction pursuant to Chinese laws, regulations and policies. This Conditions shall inure to the benefit of and be binding upon the Consignor, Bidder, Buyer and any other concerned parties participating in the auction held by us.

Article 4 Special Notice

hammer or in any other openly showed manners, the Bidder with the highest bid shall be the Buyer of the Lot and the sale contract concerning the Lot between the Consignor and the Buyer shall come into effect immediately. Any legal effect accrued thereupon shall be born by the Consignor and the Buyer respectively. These conditions are the terms on which we contract, as the Auctioneer, with the Consignor and with the Buyer as well as the terms on which the Consignor and the Buyer conclude a contract concerning the Lot. Therefore, any Consignor, Bidder, Buyer and other concerned parties participating in the auction should read the Conditions carefully and conform to the provisions hereof. All parties shall be liable for its own actions at auction and any loss caused by failure to read the Conditions carefully.

Article 5 Exclusion of Liability We shall undertake no guarantee for the authenticity and/or quality of any Lot. The Bidder and/or its agent shall bear the responsibility of carrying out its own inspection and investigations as to the nature of the Lot and shall be liable for its bid.

Chapter II Conditions Mainly Concerning the Consignor Article 6 Consignment Procedures When arranging for consignment, the Consignor shall hold a valid identity card or passport or other certificates approved by the Chinese government in the case of the Consignor being a natural

or other legal authorization documents is required in the case of the Consignor being a legal entity or other organization, and sign a consignment contract with us. When the Consignor arranges for consignment, we shall be automatically authorized to make pictures, illustrations, catalogue, or other video images of the Lot. Our company shall have the copyright on all of such pictures, illustrations, catalogue and other video images.

Article 7 The Consignor's Agent When arranging for consignment, the Consignor's Agent shall submit to us a relevant authorization letter and hold a valid identity card or passport or other certificates approved by the Chinese

registration, ID of legal representative or other legal authorization documents is required in the case of a legal person or other organization. We reserve the right to examine and amend the above arrangement in any manner we consider reasonable.

Article 8 The Consignor's Warranties The Consignor hereby makes irrevocable warranties as follows to us and the Buyer with respect to the consigned Lot: (1) the Consignor has exclusive and absolute ownership and legal right to dispose of the Lot. Without prejudice to any legal interest (including copyright) of any third party, the auction of the Lot shall not violate any relevant law and regulation; (2) the Consignor has, to the best of its knowledge, made a full, complete and truthful disclosure and described to us with

concealment and fabrication; and (3) the Consignor shall indemnify and hold us and/or the Buyer from and against any claims, losses and damages or actions incurred or brought by the actual owner or any third party who claims to be the actual owner of the Lot and all expenses and costs incurred in connection therewith arising out of or in any way attributable to any breach of the above warranties.

Article 9 Reserve All Lots are offered subject to a Reserve, unless otherwise agreed by the Consignor and us. The Reserve shall be determined by the

the Reserve shall be binding upon the parties unless subject to prior written consent of the other party. In no circumstances, shall we accept any liability for failure in sale due to bidding lower than the Reserve at the auction.

Article 10 Our Discretion We may decide the followings at our absolute discretion: (1) explanation and appraisal of any Lot made by the catalogue of Lot and/or news media and/or in other ways; (2) the arrangement of the order, location, page size of illustration of the Lot in Catalogue and relevant expenses incurred therefore; specific means of exhibition/display of the Lot and all relevant arrangement and expenses incurred therefore. (3) Unless otherwise agreed by the Consignor and us, we shall at our own discretion decide on whether the Lot is appropriate to be auctioned by us as well as the place of auction, the date of auction, the conditions of auction and the way of auction.

Article 11 Unauctionable Lot After the Consignor has signed the sales contract with and delivered the Lot to us, if for any reason we believe that the Lot is not suitable for auction, the Consignor must collect the Lot within 30 days from the date of our notice being dispatched (fees for the packaging and handling shall be paid by the Consignor), the contract between the Consignor and us will cease on the date the Consignor collects the Lot. In the case that the Consignor fails to collect the lot within the aforesaid period, our Company is

of the lot by any means that our Company considers appropriate. The Consignor shall bear all costs and expenses caused by such disposal.

Article 12 Suspension of Auction We may suspend any auction at any time under any one of the following situations and are entitled to request the Consignor to bear corresponding legal responsibilities: (1) we have objection to the ownership and authenticity of the Lot; (2) any third party has objection to the ownership and authenticity of the Lot with undertakings to provide relevant evidence, make security pursuant to our provisions and take all legal responsibilities for all legal repercussions and losses due to suspension of auction; (3) we have objection to the explanation of the Consignor or the accuracy regarding the Consignor's warranty provided in Article 8; (4) we have any evidence to prove the Consignor has already violated or is to violate any term of this Conditions; and (5) any other reasonable causes.

Article 13 Withdrawal of Lots by Consignor The Consignor may withdraw the Lot at any time prior to the Auction Date subject to our consent and a written notice stating the reasons. In the case that the catalogue or any

CONDITIONS OF BUSINESS

other advertisements of the Lot have begun to print upon the Consignor’s withdrawal, the Consignor shall pay an amount equal to 20% of the Reserve of the Lot (if no Reserve, the agreed insurance amount shall be applicable) and other Expenses in connection therewith. In the case that the catalogue or other advertisement has not been printed, the Consignor shall pay an amount equal to 10% of the Reserve of the Lot (if no Reserve, the agreed insurance amount shall be applicable) and other related Expenses.No dispute or claim arising out of the Consignor's withdrawal shall be born by auctioneer.

Article 14 Insured Automatically Unless otherwise instructed by the Consignor in writing, all the Lots will be automatically covered under the insurance of our company as soon as the Consignor signs the consignment contract with us and delivers the Lot to us. The insurance premium shall be borne by the Consignor. The insured value shall be based on the Reserve agreed by the Consignor and us in the consignment contract (if no Reserve, the insured value is the one agreed by both parties; if the Reserve is adjusted, the insured value shall be the original Reserve). The insured value is only subject to insurance and claim other than our warranty or security for the value of the Lot and the Hammer Price of the Lot.

Article 15 Insurance Premium Unless otherwise agreed by the Consignor and us, the Consignor shall pay the insurance premium equal to 1% of the Hammer Price of the Lot after sale. In the case that the Lot fails to sell, the insurance fee payable by the Consignor shall be 1% of the Reserve (if no Reserve, the agreed insurance amount shall be applicable).

Article 16 Insurance Period In the case that the auction of the Lot succeeds, the insurance period shall terminate on the earlier of expiry of seven days after Sale Date and the date when the Buyer collects the Lot. In the case that the auction fails, the insurance period shall terminate upon the expiry of seven days after the Consignor has received our notice to take back the Lot.

Article 17 Insurance by Consignor In the event that the Consignor notifies us not to arrange insurance for the Lot in writing, it shall undertake to bear all the risks and the following liabilities (unless otherwise judged by court or arbitration commission): (1) to indemnify us from and against any claims or actions

incurred or brought by any third party with respect to the losses or damages of the Lot;

(2) to hold us and/or any other parties from and against any losses and expenses in relation to the damages and/or losses of the Lot caused by any reason; and

(3) to notify the terms of indemnity hereunder to any insurer of the Lot.

Article 18 Uninsured We will not be liable for the damages or losses of the Lot caused by the Consignor, the Bidder, the Buyer, natural wear, inherent flaws, inherent or potential defects, inherent material changes, self-combustion, self-warming, oxidation, rust, leakage, rat-bite, woodworm, changes in atmospheric (climate, temperature or humidity) conditions, changes in normal water level, or other reasons of natural changes and caused by earthquake, tsunami, war, actions similar to war, hostile actions, armed conflicts,

fusion, nuclear weapon, nuclear radiation, or radioactive pollution. We will also not take responsibility for any damages to or any losses of frames, glass, drawer, bottom mat, trestle, mounting, insert pages, roller or other similar accessories caused by any reason.

Article 19 Insurance Indemnity and RepairAny damages or losses of the Lot caused by incidents or disasters covered by insurance we purchased for the Lot shall be handled in accordance with the contract between us and the insurance company and Chinese laws and regulations regarding insurance. We shall pay insurance indemnities less all expenses incurred by us (except for commissions) to the Consignor after we obtain such indemnities from insurance company. In no circumstance shall we be responsible for any repair or damages occurred before the delivery of lot from the Consignor to us.

Article 20 Non-Bidding The Consignor shall not bid for the Lot consigned to us by itself, nor authorize any other person to bid on its behalf. The Consignor shall be liable for and indemnify us for any losses and damages caused by violation of this provision.

Article 21 Commission and Expenses Unless otherwise agreed upon by the Consignor and us, the Consignor shall authorize us to deduct 10% of the Hammer Price as commission and any other Expenses from the Hammer Price. Nevertheless we act as the agent of the Consignor, the Consignor agree that we may be entitled to the Buyer's remuneration

and other Expenses payable by the Buyer in accordance with provisions in Article 48 hereof.

Article 22 Service Fee for Unsold Lot In the case that the auction of the Lot fails to be sold because the bidding price is lower than the Reserve, our Company will charge the Consignor a service fee of unsuccessful auction equal to 3% of the Reserve and other expenses payable by the Consignor, including but not limited to insurance premium, advertising fee, catalog fee and storage fee.

Article 23 Payment Proceeds of Sale In the case that the Buyer makes full payment to us in accordance with provisions in Article 48 hereof, we shall pay the Proceeds of Sale to the Consignor in RMB after 35 days since the Sale Date.

Article 24 Deferred Payment If full payment by the Buyer is not received by the expiration of the payment period under ARTICLE 44 thereof, the Buyer shall bear all legal responsibilities caused by such deferred payment. Our company will pay the Sales Proceeds to the Consignor within seven (7) business days (meanwhile such payment shall be made after 35 days of the Sale Date as well) after receiving the full payment from the Buyer.

Article 25 Cancellation In the event that the Buyer not making full payment to us within 30 days from Sale Date, the Consignor is authorized to cancel the transaction after giving us a notice in writing and receiving prior approval from us. A cancellation notice is to be dispatched to the Buyer within seven (7) working days after such decision approving the cancellation is made by us. In the event that the Buyer make

the cancellation notice of the Consignor to us, such notice should be deemed to be terminated automatically, and the transaction is to be carried out in accordance with regulations stipulated in Article 24, on which the Consignor should cooperate with us and under no circumstance to raise any objection. In the event that the Consignor cancel the transaction, the Consignor must collect the Lot within 30 days from the date of our notice being dispatched (fees for the packaging and handling shall be paid by the Consignor). In the event that the Consignor fails to collect the Lot within the aforesaid period, we shall be entitled to escrow the

our company considers appropriate.

Article 26 Taxes The Consignor shall be solely responsible for paying any tax imposed on its Sale Proceeds in accordance with the relevant law. We are entitled to deduct the tax from Sale Proceeds directly in accordance with the relevant taxation law of the nation and district.

Article 27 Assistance in Collecting Deferred Payments In the event the Buyer fails to make full payment to us within seven days of the Sale Date, we are entitled to recover the remuneration and other Expenses payable by the Buyer in accordance with provisions in Article 51 hereof and to take necessary measures to assist the Consignor in collecting deferred payments upon the Consignor's request as soon as practicable. However, we shall have no obligation to sue the Buyer on behalf of the Consignor in any circumstances.

Article 28 Our Discretion We may determine the following matters, as the case maybe, upon authorization of the Consignor (at the Consignor's expense): (1) to agree special terms on how to make the payment of Purchase Price; (2) to remove, store and arrange insurance for sold Lot; (3) to settle claims brought by the Buyer or the Consignor in accordance with relevant terms and conditions hereof; (4) take other necessary steps to collect the deferred payment by the Buyer to the Consignor.

Article 29 Unsold Lot In the event that the Lot is not sold in its first offering, the Consignor shall take back the Lot within 30 days after receipt of our notice (packing and shipping at the Consignor's own expense) and pay us fees for failed auction and all other expenses. If the Consignor fails to do so, we reserve the right to resell the Lot by public auction or in other ways under the conditions we consider appropriate and pay to the Consignor the Sale Proceeds, after having deducted the all agreed upon fees and other expenses

Lot.

Article 30 Risks and Losses The Consignor shall take liability for any risk and /or loss occurred after the period mentioned above in case of failure in taking back the Lot in such period. In the case that the Consignor requires us to assist in returning the Lot, the Consignor shall be liable for all risks and/or all losses, bear all the expenses. Generally, we are not responsible for arrangement of transportation insurance

the insurance premium.

Chapter III Conditions Mainly Concerning the Bidder and the Buyer Article 31 Catalogue of Lot We will prepare a catalogue to introduce the status of the Lot with words and/or pictures for the convenience of Bidders and Consignors. The words, Reference Price, pictures of the catalogue and other images and advertisements are only for reference for Bidders and are subject to revision before auction. We provide no guarantee for the authenticity, value, tone, quality

Article 32 Uncertainty of Catalogue In case that the tone, color, graduation and shape shown in catalogue and/or any other i l lustrations, images and advertisements differ from those of the original of the Lot due to print, photograph and other technical reasons, the original shall apply. Any statement and appraisal in any ways (including but not limited to the certificate, catalogue, slide show, news media) of any Lot made by us and our employees or their agents are only for reference and should not relied on as any guarantee for the Lot. We and our employees or its agents shall undertake no liability for any inaccuracy and omission in the statements and appraisal mentioned above.

Article 33 Inspection by Bidder We hold no responsibility for guaranteeing the authenticity and/or quality of a Lot. It is the responsibility of the Bidder and/or its agents to personally inspect and investigate the actual status regarding the Lot. The Bidder shall judge the Lot themselves in addition to the catalogue, other images, and advertisements of the Lot issued.

Article 34 Registration of Bidders

before the Auction Date with a valid identity card, or passport or

in the case of a legal entity or other organization, otherwise it will not be deemed as a legal Bidder. The paddle affixed with number is the only evidence of the Bidder’s participation in bid. Each Bidder shall take good care of

third person. In case of losing such paddle, the Bidder shall go through the procedure for report of losing in the form of writing agreed by the Company. The person holding the paddle is deemed to be the registered owner of the paddle, whatever he/or she is entrusted by the Bidder or not. The Bidder shall be liable for using his or her paddle bid in the auction process, unless the Bidder goes through the procedure for report of losing in the form of writing agreed by our

the auctioneer’s announcement in the auction process.

Article 35 Deposit We will charge a deposit before the Bidder receives bidding number. The amount of deposit will be announced before Auction Date. We will refund all the deposit mentioned above with no interest to the Bidder within five business days after auction in case it fails in auction. In the event that the Bidder succeeds at auction, the deposit will be taken as part of Purchase Price payable by the Buyer and the balance (if any) will be refunded with no interest at collection.

Article 36 Our Option We may forbid any one from participating in auction, taking a picture , making sound recording or making a video recording during auction.

Article 37 Abnormal Events In case of any abnormal events at auction, we may take necessary actions. In case of any dispute at auction, we have rights to mediate and settle.

Article 38 Bidding as Principal Any person who bids shall be deemed as principal, unless the

agent of a principal and subject to our approval in written before Auction Date.

Article 39 Auctioneer's Discretion The auctioneer is entitled to represent us to increase or decrease the bidding ladder, refuse any bidding, or restart auction in case any dispute arises.

Article 40 Screen of Video Images At some auctions, there will be a video screen or other screens in operation for the convenience of Bidders, which is only for reference. However, there are maybe errors in amounts, numbers or pictures of the Lot, or foreign exchange rate on the screen. We shall not be liable for any losses and damages caused by such errors.

Article 41 Successful Bid e t e i est iddi is c r ed stri i t e ucti eer s

er r i t er e l s ed ers t e Bidder it t e i est iddi succeeds i t e id d t e s le c tr ct f t e t et ee t e Bu er d t e si r is c cluded

Article 42 Auction Record e ill re re ritten record of t e uction si ned t e

uctioneer nd t e recorder n c se of conclusion of uction t e u er s ll lso si n t e record

At t e uction t e Bu er s ll si n t e ritten record s o in t e successful id fter t e i est id is con r ed t e Auctioneer

Article 4 Re uner tion nd enses e Bidder ill e dee ed t e Bu er of t e ot fter succeedin

in iddin nd s ll us re uner tion e u l to 1 of er rice nd ot er enses

Article 44 ent e Bu er s ll e full ents in lu su nd collect t e

ot c e nd tr ns ort tion t t e Bu er s e ense it in se en d s fter t e S le te ot er ise t e Bu er s ll e li le for re c of contr ct

Article 4 urrenc All ents s ll e de in t e currenc inese R B s desi n ted our o n n t e e ent t t t e Bu er is es to

e ent in currenc ot er t n inese R B t e u er s ll infor our o n in d nce nd t e currenc s ll e con erted our in nci l e rt ent t t e r te nnounced

t e n of de osit e Bu er s ll rei urse our o n for n n c r es co ission nd ot er e enses incurred

ile con ertin forei n currenc into inese R B

Article 4 ssin of itle e Bu er ill c uire o ners i of t e ot fter in id full

urc se rice

Article 4 r nsfer of Ris s After successful id n ot urc sed s ll e entirel t Bu er s ris s e rl s one of t e follo in e rs 1 t e Bu er collects t e ot urc sed or 2 t e Bu er s to us full urc se rice for t e ot or

e ir of se en d s fter S le te

Article 4 ollection e Bu er s ll collect t e urc sed ot t our co n s

do icile or ot er l ce ointed us no l ter t n se en d s fter S le te n c se of f ilure to do so t e Bu er s ll e

solel res onsi le for ll ris s nd losses of t e ot nd e r ll e enses for tr ns ort tion stor e nd insur nce in connection t ere it due to del e ert eless t e ot is still reser ed us or n ot er ents e nd our e lo ees or its ents s ll not e li le for n losses nd d es of t e ot c used

n re son

Article 4 c e nd r ns ort tion e rr n e c in nd ndlin of t e urc sed ot

on e lf of t e Bu er s t e c se e on its re uest nd t e Bu er s ll e li le for n loss risin t ereu on n no circu st nces s ll e t e n li ilit for n d es or losses of l ss fr es dr er otto t trestle ountin insert es roller or ot er si il r ccessories risin out of n re son n ddition e s ll undert e no li ilit for n f ult o issions d es nd losses c used t e c ers or c rriers

e reco ended

Article ort of ot e ill e e l n tion in t e c t lo ue or t t e uction to t e

ot ro i ited to e e orted ursu nt to t e rotection of ultur l Relic of t e eo le s Re u lic of in nd ot er rele nt

l s nd re ul tions e Bu er s ll e res onsi le for l in for e ort license in

ccord nce it inese l s for t e ot er itted to e e orted ursu nt to t e rotection of ultur l Relic of t e eo le s

Re u lic of in nd ot er rele nt l s nd re ul tions

Article 1 Re edies for on ent n t e c se t t t e Bu er f ils to e full ent it in

t e eriod ro ided in Article 44 ereof e s ll e entitled to e ercise one or ore of t e follo in re edies 1 not to refund t e de osit nd t e o ners i of t e de osit s ll

tr nsfer to our o n if t e Bu er f ils to e full ent it in t e sti ul ted eriod nd t e Bu er s ll undert e n

li ilit t t occur in ccord nce it t is onditions n t e e ent t t t e Bu er f ils to n one urc se rice of t e lot on ti e ccordin to t e onditions fter successful iddin on seer l lot it t e s e one ddle f ed it nu er ll of t e de osit s ll not e refunded n t e e ent t t t e de osit is insufficient to co er ll losses suffered our o n t e Bu er s ll e furt er co ens tion for t e l nce et een t e de osit nd t e ctu l losses suffered our o n 2 f follo in successful id t e Bu er f ils to us t e urc se rice in full ccordin to Article 44 of t ese onditions of

Business e s ll e t e ri t to ro ide ll or rt of t e d t

or infor tion out t e Bu er to n t ird rt in coo er tion it us for ur oses of entrustin suc t ird rt to collect ll or rt of t e def ult ent fro t e Bu er c r e t e Bu er n interest r te of 1 er d on t e due

nd un id ount until suc ent is de in full to t e e tent it re ins un id for ore t n se en d s fter t e

te of S le unless ot er ise reed u on ot t e Bu er nd us 4 co ence l suit roceedin s inst t e Bu er for n

d es c used t e Bu er s re c of contr ct includin ut not li ited to t e losses of interest on deferred or un id ent

t e Bu er e ercise lien on t e urc sed ot or ot er ro erties of t e

Bu er ic e in our ossession for n re son e Bu er is res onsi le for ll e enses or ris s occurred durin t e eriod of lien n c se t e Bu er f ils to erfor ll rele nt o li tions

ereunder it in t e eriod e desi n ted e s ll e t e ri t to dis ose of suc ro ert in ccord nce it rele nt l s

nd re ul tions n c se t e roceeds c nnot co er t e ount outst ndin e re entitled to cl i for t e l nce

in t e e ent t t t e Bu er not in full ent to us it in d s fro S le te to c ncel or ro e t e onsi nor to

c ncel t e s le of t e ot nd or ot er ots sold to t e s e Bu er t t is uction or n ot er uctions nd reser e t e ri t to cl i for n losses c used suc c ncell tion

c rr out re s le of t e ot u lic uction or ot er s ccordin to t is onditions su ect to t e consent of t e

onsi nor e ori in l Bu er s ll e li le to t e onsi nor for t e re uner tion co ission nd ot er enses occurred t suc uction s ell s ll enses for re s le u lic uctions or ot er s n ddition t e ori in l Bu er s ll lso e li le for t e difference if t e urc se rice ctu ll recei ed t e

onsi nor for re s le u lic uctions or ot er s of suc ot is lo er t n t e ori in l urc se rice t t ould e een recei le ereunder d t e Bu er de t e full ents

Article 2 Re edies for eferred ollectionn c se t e Bu er f ils to collect t e urc sed ot it in t e eriod ro ided in Article 44 ereof e s ll e entitled to

e ercise one or ore of t e follo in re edies 1 rr n e stor e of t e ot t our co n or n ot er l ces t Bu er s ris nd e ense e Bu er s ll not collect t e ot

unless t e full urc se rice is id c e nd tr ns ort tion t t e Bu er s e ense 2 e ercise lien on t e urc sed ot After d s fro t e

del ed collection t e Bu er e s t e c se e dis ose of suc ot in ccord nce it rele nt l s nd re ul tions nd l t e roceeds to co ens te for t e ount outst ndin o ed to us includin ut not li ited to fees of stor e insur nce tr ns ort tion not ri tion nd ll e enses occurred in rel tion to dis os l of t e ot e Bu er s ould collect t e

l nce if n t its o n e enses

ter iscell neous Article on denti lit

e s ll e o li ted to int in t e confidenti lit of n infor tion ro ided to us nd inde nif ll le l ri ts of

onsi nor Bidder Bu er nd our co n inst n d es ccordin to t e rele nt l s nd re ul tions of t e eo le s

Re u lic of in

Article 4 denti c tion e identif t e ot if necess r s t e c se e t our

o n discretion All e enses in it res ect to t e identi c tion s ll e orne t e onsi nor n c se of n discre nc it res ect to t e st tus of suc ot et een t e identi c tion nd t e consi n ent contr ct e s ll e entitled to odif or rescind t e consi n ent contr ct it out e rin n res onsi ilities

Article o ri t e s ll e entitled to t e oto r s e illustr tions

c t lo ue or ot er i es rel tin to t e ot consi ned to us for uction nd s ll e t e co ri t for suc oto r s illustr tions c t lo ue or ot er i es entioned o e

Article e tion e s ll undert e no li ilit for n re c of contr ct t e

Bu er or t e onsi nor

Article otice in ritten Bot t e Bidder nd onsi nor s ll notif us t eir lid nd re ul r cont ctin ddress nd o c n e in n of t e

rticul rs ill e effecti e until it s een noti ed in ritin s soon s ossi le All notices referred in t is ree ent s ll e in ritin nd s ll e deli ered ost or tr ns itted f A notice sent ost s ll e dee ed to e een sent on t e d te e i e it to ost of ce nd recei ed t e ddressee i nor l il ser ice A notice sent f s ll e dee ed to e recei ed on t e d te en it is f ed

Article Se er ilitf n ro ision or rt of t is onditions is dee ed in lid

unl ful or unenforce le co etent enc of inese o ern ent t is onditions s ll e ineffecti e to t e e tent

of suc unl fulness or unenforce ilit it out in lid tin or ffectin t e lidit or enforce ilit of t e re inin ro isions

of t is onditions

Article Settle ent of is utesf n dis ute rises fro rtici tion in t e uction ursu nt to t is onditions ll concerned rties s ll su it suc dis ute to inese court or of t e l ce ere our o n do iciles

Article n u eis onditions is ritten in inese nd n lis e n lis

ersion is onl for reference nd is not le ll lid n c se of n discre nc et een t e inese ersion nd n lis ersion t e inese ersion s ll re il

Article 1 o ri t of t ese onditionse e t e co ri t of t ese onditions

Article 2 Sin ul r nd lur ln t e ro isions of t is onditions t e sin ul r includes t e lur l nd ice ers ere t e conte t re uires

Article Ri t to ltern tionn c se of n ltern tion to t is ondition our o n s t e

ri t to u lis t e ltered ersion in n t e l s er it e ill not infor e c indi idu l o s re d t e for er ersions of

conditions

Article 4 te of ffecti enessis onditions of Business t es effect on ece er 2 2

Article ont ct nfor tionAs for t is uction if ou e n co l ints ou c n re ort to

o erci l nd Ad inst ti e Aut orities of S n i 2142

Article Ri t to nter retit in t e er ission l s our o n s t e ri t to

inter ret t ese onditions t our o n discretion

ABSENTEE BID FORM Name ____________________________________________

ID/Passport No.____________________________________

Address__________________________________________ City____________ State ____________ Zip Code_________

Telephone/Home_____________ Business______________ Mobile Phone________________ Date_________________

Fax_________________ Email_______________________

Title Description

RMB

RMB

RMB

RMB

RMB

RMB

RMB

RMB

RMB

Lot Number

Please bid on my behalf at the above sale for the following Lot(s) up to the price(s) mentioned below.

If any bid is successful, I agree to pay a buyer’s premium on the hammer price at the rate of 15% and other expenses within 7 days after the sale. The package and delivery expenses are on me.

I have read the Conditions of Business and notices printed in the sale catalogue and agree to be bound by them.

Signed ____________________________(We must have your signature to execute this bid.)

Note: This form has to be delivered to us 24 hours before the sale date.If you would like to get further information on Hosane’s policies, please contact us .

Please check your bids carefully before sent. We do not take responsibility for any written error.

Bid Price(disclusive of buyer’s premium)

Chinese Calligraphy and Fan

AUCTIONJuly 8, 2013

PLEASE MAIL OR FAX TOShanghai Hosane Auction Co., Ltd5F, No.763 Meng Zi Road, Shanghai, ChinaTel: +86-21-23286888Fax: +86-21-53060053

Hosane’s Bank AccountAccount Name: Shanghai Hosane Auction Co., LTD.Account No.: 03389800040009551Bank of Account: AGRICULTURAL BANK OF CHINA SHANGHAI XUHUI SUB-BRANCH

Account Name: Shanghai Hosane Auction Co., LTD.Account No.: 121908653610701Bank of Account: CHINA MERCHANTS BANK SHANGHAI XUJIAHUI SUB-BRANCH