Chinese Painting Calligraphy( )

December 21, Saturday, 2013 Shanghai 200023

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

Chinese P

ainting C

alligraphy()

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Hosane 2013 Autumn Auctions

Chinese Painting & Calligraphy(Ⅱ)

HOSANE LIVE 2013 Autumn 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

Chinese Painting & Calligraphy(Ⅰ)9:30 December 21, 2013

Magical Brushstrokes: Classical and Modern Chinese

Calligraphy13:00 December 21, 2013

Chinese Painting & Calligraphy(Ⅱ) Following the Previous Sale December 21, 2013

Modern and Contemporary Chinese Ceramics10:00 December 21, 2013

Important Imperial Chinese Ceramics and Works of Art13:00 December 21, 2013

Chinese Ceramics and Works of ArtFollowing the Previous Sale December 21, 2013

Oil Painting & Sculpture18:30 December 21, 2013

Contemporary ArtFollowing the Previous Sale December 21, 2013

Art & Life Style Following the Previous Sale December 21, 2013

From December 19th To One Day Before Each Sale

Ancient Coins/ Gold & Silver Sycees

/ Milled Coinage9:45 December 22, 2013

Gold and Silver Coins of PRC17:30 December 22, 2013

Paper Collectibles 13:00 December 22, 2013

9:30 December 23, 2013

Paper CollectiblesFollowing the Previous Sale December 23-24, 2013

Stamps & Postal History

9:30 December 23-24, 2013

From December 20th 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

231

231

WANG SHI ZI, GAO YUTONG FLOWER AND BIRD, ZHAO MENGFU' S PPEM IN RUNNING SCRIPT Mounted, ink and color on paper

RMB: 8,000-18,000

232

232

GE XIANGLAN, YAN ESHENG HORSE, LU YOU'S POEM IN RUNNING SCRIPTMounted, ink and color on paper

RMB: 8,000-15,000

233

233

YUAN SONGNIAN, NI DANFENG, ZHU YUXIANG HORSE , ZHU XIFAMILY' S INSTRUCTION IN REGULAR SCIPTFan leaf, ink and color on paper

RMB: 12,000-25,000

234

HUANG SHANSHOU CHRYSANTHEMUN AND BIRDHanging scroll, ink and color on paper

RMB: 20,000-30,000

234

235

DING BAOSHU BIRDS AND INSECTSHanging scroll, ink and color on paper

RMB: 20,000-30,000

235

236

236

YUAN SONGNIAN LANDSCAPEHanging scroll, ink and color on paper

RMB: 30,000-40,000

237

GU LINSHI LANDSCAPEHanging scroll, ink and color on paper

RMB: 35,000-45,000

237

238

WANG KUN LANDSCAPE Hanging scroll, ink and color on paper

RMB: 52,000-60,000

238

239

LU HUI LANDSCAPEHanging scroll, ink and color on paper

RMB: 30,000-40,000

239

240

240 240

LU HUI SEVEN-CHARACTER COUPLET IN RUNNING SCRIPTMounted, ink and color on paper

RMB: 10,000-20,000

241 242

241

MIAO GUYING CHRYSANTHEMUNHanging scroll, ink and color on paper

RMB: 25,000-35,000

242

PAN ZHENYONG BAMBOO AND CHRYSANTHEMUMHanging scroll, ink and color on paper

RMB: 25,000-35,000243

JIN CHENG CHRYSANTHEMUNHanging scroll, ink and color on paper

RMB: 42,000-52,000243

244 245

244

WANG XUETAO Hanging scroll, ink and color on paper

RMB: 80,000-100,000

245

WANG YACHEN BIRDHanging scroll, ink and color on paper

RMB: 20,000-30,000

246

ZHANG SHUQI WISTERIA AND BIRDHanging scroll, ink and color on paper

RMB: 25,000-35,000246

247

WANG YITING, WANG MENGBAI CROWING COCK AND FLOWERSHanging scroll, ink and color on paper

RMB: 42,000-52,000

採

此

247

248

ZHAO YUNHE FLOWERS Hanging scroll, ink and color on paper

RMB: 50,000-70,000

248

249

SHEN MAISHI LANDSCAPEMounted, ink and color on paper

RMB: 15,000-35,000

249

250

QIAN SHOUTIE FIGURESHanging scroll, ink and color on paper

RMB: 40,000-50,000

250

251

251

GUAN LIANG DRAMATIC CHARACTERMounted, ink and color on paper

RMB: 50,000-60,000

252

GUAN LIANG DRAMATIC CHARACTERMounted, ink and color on paper

RMB: 50,000-60,000

252

253

253

GUAN LIANG DRAMATIC CHARACTERMounted, ink and color on paper

RMB: 50,000-60,000

254

GUAN LIANG DRAMATIC CHARACTERMounted, ink and color on paper

RMB: 50,000-60,000

254

255

LIN FENGMIAN REEDS AND WILD GEESEMounted, ink and color on paper

RMB: 1,500,000-1,800,000

255

256

ZHANG DAZHUANG WISTERIAMounted, ink and color on paper

RMB: 15,000-25,000

256

257

ZHANG XINJIA, ZHANG DAZHUANG FLOWERS, SHRIMPSMounted, ink and color on paper

RMB: 8,000-18,000

257

258

ZHANG DAZHUANG, LU YIFEI FLOWERS AND BIRDMounted, ink and color on paper

RMB: 8,000-18,000

258

259

LAI CHUSHENG MANPARIN DUCKS Mounted, ink and color on paper

RMB: 12,000-15,000

260

ZHANG DAZHUANG, YING YEPING DUCKMounted, ink and color on paper

RMB: 8,000-10,000

260259

261

ZHANG DAZHUANG HINESE ROSESMounted, ink and color on paper

RMB: 18,000-28,000

261

262

LAI CHUSHENG FISH AND INSECT Mounted, ink and color on paper

RMB: 5,000-6,000

262

264

ZHANG DAZHUANG FLOWERS AND BIRDMounted, ink and color on paper

RMB: 10,000-20,000264

263

ZHANG DAZHUANG TOMATO AND SHRIMPMounted, ink and color on paper

RMB: 20,000-30,000

263

265

ZHU JIZHAN CRABSHanging scroll, ink and color on paper

RMB: 65,000-75,000265

266

266

TANG YUN BIRDMounted, ink and color on paper

RMB: 40,000-60,000

267

TANG YUN CRABS AND CHYSANTHEMUMMounted, ink and color on paper

RMB: 120,000-150,000

267

269

CHENG SHIFA GIRL AND SHEEPMounted, ink and color on paper

RMB: 80,000-120,000

268

268

GUAN LIANG TIGER ANDPIGMounted, ink and color on paper

RMB: 20,000-40,000

269

270

LIU HAISU RED AND WHITE CHINESE ROSESHorizontal scroll, ink and color on paper

RMB: 50,000-60,000

270

271

LOU SHIBAI WISTERIAMounted, ink and color on paper

RMB: 12,000-15,000271

272

272

LIN XUEYAN LADYHanging scroll, ink and color on paper

RMB: 25,000-35,000

273

LU HUI LANDSCAPEHanging scroll, ink and color on paper

RMB: 15,000-35,000273

274

JING HENGYI FLOWERSHanging scroll, ink and color on paper

RMB: 15,000-25,000

274

275

YU SHAOSONG BAMBOOMounted, ink on paper

RMB: 8,000-10,000

275

276

GAO YEHOU DLUM BLOSSOMMounted, ink and color on paper

RMB: 15,000-25,000

276

277

GAO YEHOU BAMBOO AND CHRYSANTHEMUNHanging scroll, ink and color on paper

RMB: 6,000-8,000

277

278

HUANG DING LANDSCAPEAlbum of leaves, ink on silk

RMB: 60,000-80,000

278

279

279

QIN ZUYONG LANDSCAPEHanging scroll, ink and color on paper

RMB: 15,000-25,000

280

280

TU ZHUO LANDSCAPEHanging scroll, ink and color on paper

RMB: 15,000-25,000

281

WEN DIAN LANDSCAPEHanging scroll, ink on paper

RMB: 12,000-15,000281

282

282

LU YUAN FIGURESMounted, ink and color on golden paper

RMB: 10,000-20,000

283

ZHONG LIANGCAI BUTTERFLIES

RMB: 8,000-12,000

283

284

285

DA SHOU ORCHID AND STONEMounted, ink on paper

RMB: 25,000-35,000

285

284 SHEN YAOCHI IMMOTALSMounted, ink on paper

RMB: 15,000-25,000

（ ）

286

286

286

尺寸不一

DAI XI, DAI ZHAODENG, DAI YONGBO , DAI ZHAOCUN LANDSCAPEMounted, ink and color on paper

RMB: 40,000-60,000

287

LAN YING LANDSCAPEAlbum of leaves, ink and color on silk

RMB: 80,000-120,000

287

288

288

WANG YUN, YU YANWEN CALLIGRAPHY IN RUNNING SCRIPTFan leaf, ink and color on golden paper

RMB: 12,000-22,000

289

289

曆

ANONYMOUS FIGURESHand scroll, ink and color on silk

RMB: 60,000-80,000

290

290

ZHANG DENGYING THE IMMORTALSHand scroll, ink on paper

RMB: 30,000-50,000

291

崐

291

說

JIN KUN MONKHand scroll, ink on paper

RMB: 80,000-90,000

292

293

292

MA SHOUZHEN BUTTERFLIESHand scroll, ink and color on satin

RMB: 30,000-60,000

292

293

DU YU FLOWERSHand scroll, ink and color on paper

RMB: 30,000-60,000

293

295

XI GANG LANDSCAPEFan leaf, ink on paper

RMB: 6,000-8,000

295

294

294

JIN NONG PLUM BLOSSOMMounted, ink and color on paper

RMB: 30,000-50,000

296

296

TANG SHISHU LOTUSHanging scroll, ink and color on silk

RMB: 25,000-35,000

297

FANG CHUXIONG PLUM BLOSSOM AND RABBITSHanging scroll, ink and color on paper

RMB: 40,000-50,000

297

298

DING YANYONG TREE AND BIRDHanging scroll, ink and color on paper

RMB: 20,000-30,000

298

299

NING FUCHENG AND DING YANYONG LOTUSHanging scroll, ink and color on paper

RMB: 18,000-28,000

299

300

“ ”

YANG SHANSHEN LANDSCAPEMounted, ink and color on paper

RMB: 120,000-150,000

300

301

301

FANG CHUXIONG DUCK AND LOTUSHanging scroll, ink and color on paper

RMB: 20,000-30,000

302

ZHAO SHAOANG BIRDMounted, ink and color on paper

RMB: 20,000-40,000

302

303

303

GUAN SHANYUE PLUM BLOSSOM AND SNOWMounted and framed, ink and color on papaer

RMB: 50,000-60,000

305

DING YANYONG ZHONGKUIHanging scroll, ink and color on paper

RMB: 8,000-12,000

304

DENG FEN LOTUSMounted and framed, ink and color on paper

RMB: 30,000-40,000

304

305

306

CHEN DINGSHAN LANDSCAPEMounted, ink and color on paper

RMB: 8,000-12,000

306

307

PU RU LANDSCAPEMounted and framed , ink and color on silk

RMB: 100,000-150,000

307

308

·

PU RU STONE AND FLOWERSMounted and framed, ink and color on paper

RMB: 100,000-120,000

308

309

HUANG JUNBI LANDSCAPEMounted, ink and color on paper

RMB: 80,000-100,000

309

311

HUANG JUNBI LANDSCAPEC H E N G C A N G B O WA N G A N S H I ' S P O E M S I N RUNNING SCRIPTMounted, ink and color on paper

RMB: 60,000-80,000

310

HUANG JUNBI LANDSCAPEHanging scroll, ink on paper

RMB: 20,000-40,000

310

311

312

312

GAO YIHONG, GAO HAIFEN WISTERIA AND SWALLOWSHanging scroll, ink and color on paper

RMB: 20,000-30,000

313

PU RU PINE TREEMounted, ink on paper

RMB: 100,000-120,000313

314

314

PU RU BAMBOOMounted and framed, cinnabar on paper

RMB: 60,000-80,000

315

寒清

PU RU PLUM BLOSSOM AND BAMBOOMounted, ink on paper

RMB: 100,000-120,000315

316

PU RU WHITE PEAFOWLMounted, ink and color on paper

RMB: 150,000-250,000

為

316

317

PU RU LANDSCAPEHanging scroll, ink and color on paper

RMB: 120,000-180,000

317

髮 髮

318

PU RU LANDSCAPEHand scroll, ink and color on paper

RMB: 150,000-250,000

318

318

319

YE GONGCHAO, OU HAONIAN LANDSCAPEMounted, ink and color on paper

RMB: 25,000-35,000

319

320

YE GONGCHAO, OU HAONIAN LANDSCAPEMounted, ink and color on paper

RMB: 25,000-35,000

320

321

ZHENG SHANXI LANDSCAPEHanging scroll, ink and color on paper

RMB: 15,000-25,000

321

322

KUANG ZHONGYING LANDSCAPEMounted, ink and color on paper

RMB: 10,000-20,000

322

323

323

OU HAONIAN BAMBOO AND BIRDMounted and framed, ink and color on paper

RMB: 8,000-18,000

324

XIE GUANQIAO BAMBOO AND STONEHanging scroll, ink on paper

RMB: 20,000-30,000324

325

羕

YAO HONG LANDSCAPEHanging scroll, ink and color on paper

RMB: 20,000-30,000325

326

FENG CHAORAN LANDSCAPEHanging scroll, ink and color on paper

RMB: 120,000-150,000326

327

XU XINGMIN LANDSCAPEHanging scroll, ink and color on paper

RMB: 25,000-30,000

327

328

WANG KUN LANDSCAPEHanging scroll, ink and color on paper

RMB: 42,000-52,000

328

329

，

WU HUFAN LANDSCAPEHanging scroll, ink and color on paper

RMB: 800,000-1,500,000

329

330

YUAN SONGNIAN LANDSCAPEHanging scroll, ink and color on paper

RMB: 18,000-28,000330

331

XIAO JUNXIAN LANDSCAPEHanging scroll, ink and color on paper

RMB: 34,000-50,000

331

332

XIAO JUNXIAN LANDSCAPEHanging scroll, ink and color on paper

RMB: 40,000-60,000

332

333

WU GUXIANG LANDSCAPEMounted, ink and color on paper

RMB: 12,000-18,000

333

334

GU QINGYAO LANDSCAPEHanging scroll, ink and color on paper

RMB: 18,000-20,000334

335

HUANG SHANSHOU CHRYSANTHEMUNMounted, ink and color on paper

RMB: 8,000-18,000335

336

REN BONIAN, XIE ZHILIU BIRDHanging scroll, ink and color on paper

RMB: 50,000-60,000336

337

ZHANG DAZHUANG LANDSCAPEHanging scroll, ink on paper

RMB: 15,000-25,000

337

338

HUANG BINHONG LANDSCAPEMounted, ink and color on paper

RMB: 150,000-250,000

338

339

339

QIAN HUAFO, YUAN XILIAN BUDDHAHanging scroll, ink and color on paper

RMB: 25,000-35,000

340

PAN QIN BUDDHAHanging scroll, ink and color on paper

RMB: 20,000-30,000

340

341

JIN MENGSHI BUDDHAHanging scroll, ink and color on paper

RMB: 18,000-25,000

341

342

SHEN ZICHENG, SUN XUENI LADY AND THE PLUM BLOSSOMHanging scroll, ink and color on paper

RMB: 18,000-25,000

342

343

ZHANG DAQIAN BUDDHAHanging scroll, ink and color on paper

RMB: 55,000-65,000

343

344

JIANG HANTING TUNG TREE AND SQUIRRELHanging scroll, ink and color on paper

RMB: 60,000-80,000

344

345

TANG YUN BIRD AND BAMBOOMounted, ink and color on paper

RMB: 80,000-100,000345

346

346

DU QIONG LANDSCAPE

RMB: 10,000-20,000

347

JIANG YUN LANDSCAPEMounted, ink and color on paper

RMB: 8,000-12,000

347

348

348

REN YU LANDSCAPEMounted, ink and color on paper

RMB: 10,000-15,000

349

WENG XIAOHAI LANDSCAPEMounted, ink and color on golden paper

RMB: 12,000-18,000

349

350

350

LIU YANCHONG LANDSCAPEHanging scroll, ink and color on silk

RMB: 10,000-15,000

351

BIAN WENYU LANDSCAPEHanging scroll, ink and color on paper

RMB: 13,000-18,000

351

352

WU KUAN EAGLEHanging scroll, ink and color on paper

RMB: 10,000-20,000

352

353

QIAN LONG MANDARIN DUCKHanging scroll, ink on paper

RMB: 13,000-15,000

353

354

354

ZHANG XIONG FLOWERSMounted, ink and color on paper

RMB: 8,000-12,000

“ ”

“ ”

“ ”

355

SHA FU FLOWER AND BIRDMounted, ink and color on golden paper

RMB: 10,000-15,000

355

356

WANG LI BIRDMounted, ink and color on silk

RMB: 8,000-12,000

356

357

ZHU MENGLU CHRYSANTHEMUM AND PEACHMounted, ink and color on silk

RMB: 8,000-12,000357

358

QIAN HUI'AN HORSEMounted, ink and color on silk

RMB: 10,000-20,000358

359

XU SHAOJIU HORSEHanging scroll, ink and color on silk

RMB: 20,000-30,000

359

360

GAO JUN SHEEPSHanging scroll, ink and color on paper

RMB: 8,000-10,000

360

361

ZHANG SHANZI TIGERSHanging scroll, ink and color on paper

RMB: 35,000-45,000

361 362

362

鈢

CAI XI MONKEYS IN THE BAMBOO GROVEHanging scroll, ink and color on paper

RMB: 25,000-30,000

363

LU YANSHAO LANDSCAPEHanging scroll, ink and color on paper

RMB: 450,000-650,000

363

364

FENG CHAORAN PLUM BLOSSOM ANDHanging scroll, ink and color on paper

RMB: 30,000-40,000

364

365

YE MANSHU LADIESHanging scroll, ink and color on paper

RMB: 5,000-8,000

365

366

SHEN ZICHENG FIGURE OF SU DONGPOHanging scroll, ink and color on paper

RMB: 25,000-35,000

366

367

LI YUNXIAN GODS OF FORTUNEHanging scroll, ink and color on paper

RMB: 35,000-45,000

367

368

PAN LIN FIGUREHanging scroll, ink and color on paper

RMB: 18,000-25,000368

369

369

PAN TIANSHOU LANDSCAPEHanging scroll, ink and color on paper

RMB: 2,000,000-3,000,000

370

GU RUOBO, LV HAO, TAO TAO LANDSCAPEHanging scroll, ink and color on paper

RMB: 20,000-30,000

370

371

QI BAISHI LANDSCAPEHanging scroll, ink and color on paper

RMB: 50,000-60,000

371

372

372

WANG GEYI ORCHIDHanging scroll, ink on paper

RMB: 6,000-8,000

373

ZHANG DAZHUANG LOTUS AND BIRD, BAMBOOMounted, ink on paper

RMB: 18,000-25,000

373

374

374

KANG YOUWEI CALLIGRAPHY IN RUNNING SCRIPTHanging scroll, ink on paper

RMB: 50,000-60,000

375

HU HANMIN CALLIGRAPHY IN OFFICIAL SCRIPTMounted, ink on paper

RMB: 35,000-40,000

375

376

376

WU HUFAN SEVEN-CHARACTER COUPLET IN RUNNING SCRIPT

RMB: 80,000-100,000

377

QIN SHUSHENG SEVEN-CHARACTER COUPLET IN RUNNING SCRIPTMounted, ink on paper

RMB: 15,000-20,000

378

JIN XIHOU FIVE-CHARACTER COUPLET IN SEAL SCRIPTHanging scroll, ink on paper

RMB: 18,000-25,000

377 378

379

MA GONGYU EIGHT-CHARACTER COUPLET IN SEAL SCRIPT

RMB: 12,000-15,000

380

GONG XINZHAO EIGHT-CHARACTER COUPLET IN RUNNING SCRIPTMounted, ink on paper

RMB: 8,000-10,000

379 380

381

WANG MINGLUAN SEVEN-CHARACTER COUPLET IN OFFICIAL SCRIPTHanging scroll, ink on paper

RMB: 30,000-35,000

381

382

HUANG BINHONG SEVEN-CHARACTER COUPLET IN SEAL SCRIPTMounted, ink on paper

RMB: 60,000-80,000

382

383

383

ZHU XIAOZANG CALLIGRAPHY IN RUNNING SCRIPTHanging scroll, ink on paper

RMB: 12,000-15,000

384

YAO WENTIAN FIVE-CHARACTER COUPLET IN RUNNING SCRIPT

RMB: 25,000-30,000

385

䍩

MA XULUN CALLIGRAPHY IN RUNNING SCRIPT

RMB: 18,000-28,000

384 385

386

（ ）

HE SHAOJI SEVEN-CHARACTER COUPLET IN CURSIVE SCRIPT

RMB: 30,000-40,000

387

HE WEIPU SEVEN-CHARACTER COUPLET IN RUNNING SCRIPTHanging scroll, ink on paper

RMB: 9,000-12,000

386 387

388

WANG KEMIN SU SHI’S POEMS IN REGULAR SCRIPTHanging scroll, ink on paper

RMB: 15,000-25,000

389

HUANG JUN CALLIGRAPHY IN RUNNING SCRIPTHanging scroll, ink on paper

RMB: 12,000-15,000

388 389

390

LIU E CALLIGRAPHY IN SEAL SCRIPTHanging scroll, ink on paper

RMB: 28,000-35,000

391

ZHOU FOHAI SEVEN-CHARACTER COUPLET IN RUNNING SCRIPTHanging scroll, ink on paper

RMB: 38,000-45,000

390 391

392

392

PAN YULIANG FEMALE NUDEMounted and framed, ink and color on paper

RMB: 500,000-600,000

393

GUAN LIANG FLOWERS IN VASEMounted and framed, ink and color on paper

RMB: 35,000-45,000

393

394

394

ZENG MI LANDSCAPEHanging scroll, ink and color on paper

RMB: 100,000-120,000

395

ZENG MI COUPLET IN RUNNING SCRIPTMounted, ink on paper

RMB: 20,000-30,000395

397

WU SHANMING THE IMMORTALHanging scroll, ink on paper

RMB: 38,000-45,000

397

396

WU SHANMING LADYhanging scroll, ink on paper

RMB: 25,000-35,000

396

398

SHI HU NUDEMounted, ink on paper

RMB: 25,000-28,000

398

399

SHI HU NUDEMounted, ink on paper

RMB: 22,000-25,000

399

400

MA XIAOJUAN LADISE AND BUTTERLFIES

RMB: 30,000-38,000400

401

MA XIAOJUAN LADIES PLAYING BAMBOO FLUTEMounted, ink and color on paper

RMB: 30,000-38,000401

402

402

MA XINLE LADYMounted, ink and color on paper

RMB: 180,000-200,000

403

403

HAN MIN TIGERMounted, ink and color on paper

RMB: 50,000-60,000

404

HAN MIN, SIX-CHARACTER COUPLET IN RUNNING SCRIPTCouplet, ink on paper

RMB: 5,000-8,000

404

405

HAN MIN LADYMounted, ink and color on paper

RMB: 40,000-60,000

405

406

LIU TONGCHENG LANDSCAPEHanging scroll, ink and color on paper

RMB: 8,000-12,000

406

407

LIN XIMING LANDSCAPEMounted, ink and color on paper

RMB: 28,000-35,000

407

408

JIANG HONG LANDSCAPEMounted, ink and color on paper

RMB: 8,000-15,000

408

409

WANG KANGLE LANDSCAPEMounted, ink and color on paper

RMB: 6,000-8,000

409

410巗

立轴

LU YIFEI LANDSCAPEHanging scroll, ink and color on paper

RMB: 12,000-15,000410

411

HE JIAYING LADYHanging scroll, ink and color on paper

RMB: 60,000-80,000

411

412

DAI WEI OLD MANMounted, ink and color on paper

RMB: 7,000-8,000

412

413

CHEN JIALIN LOTUSMounted, ink and color on paper

RMB: 8,000-12,000

413

414

CHEN JIALIN NARCISSUMounted, ink and color on paper

RMB: 6,000-12,000

414

415

CAO JIANLOU POMEGRANATEMounted, ink and color on paper

RMB: 8,000-10,000

415

416

ZHANG GUIMING LOTUS AND BIRDMounted, ink and color on paper

RMB: 38,000-45,000 416

417

LU FUSHENG EIGHT-CHARACTER COUPLET IN OFFICIAL SCRIPTHanging scroll, ink on paper

RMB: 12,000-15,000

417

418

LU FUSHENG EIGHT-CHARACTER COUPLET IN OFFICIAL SCRIPTHanging scroll, ink on paper

RMB: 12,000-15,000

418

419

GU JIANPING CALLIGRAPHY IN OFFICIAL SCRIPTHanging scroll, ink on paper

RMB: 18,000-28,000419

420

ZHENG BOPING LANDSCAPEHand scroll, ink and color on paper

RMB: 12,000-15,000

420

421

JIANG HONG LANDSCAPEAlbum of leaves, ink and color on paper

RMB: 20,000-30,000

421

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.

Article e nitions and Interpretation 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. ( ) "Sale Date" means the date on which the auctioneer con rms 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 can not be deemed as the xed sale price. 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 When the auctioneer con rms the highest bid by striking his/her 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

person. A valid certi cate of registration, ID of legal representative 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 government in the case of a natural person. A valid certi cate of 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 respect to the origin and any aw or defect of the Lot without any 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 Consignor and us in writing and no modi cation or amendment of 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 entitled either to escrow the lot with a notary of ce or to dispose 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

CONDITIONS OF BUSINESS

stating the reasons. In the case that the catalogue or any 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, terrorism, rebellion, coup, strike, riots, or nuclear ssion, nuclear 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 full payment and/or nish collect procedure before the service of 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 Lot with a notary of ce or to dispose of the lot by any means that 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 accrued in the rst auction and all costs incur in the resale of the 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

unless the Consignor speci cally instructs us to do so and bears 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 and aw or defect of any Lot.

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 The Bidder shall register and receive a paddle af xed with number before the Auction Date with a valid identity card, or passport or other certi cates approved by the People’s Republic of China in the case of a natural person, or a valid certi cate of registration, ID of legal representative or other legal authorization certi cates 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 his or her paddle af xed with number and may not lend it to any 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 Company and such paddle af xed number has been cancelled by 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 Bidder represents to us a written certi cate showing that it is 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 When the highest bidding is con rmed by striking the auctioneer's hammer or in other openly showed manners, the Bidder with the highest bidding succeeds in the bid and the sale contract of the Lot between the Buyer and the Consignor is concluded.

Article 42 Auction Record We will prepare a written record of the auction signed by the auctioneer and the recorder. In case of conclusion of auction, the buyer shall also sign the record.At the auction, the Buyer shall sign the written record showing the successful bid after the highest bid is con rmed the Auctioneer.

Article 43 Remuneration and Expenses The Bidder will be deemed the Buyer of the Lot after succeeding in bidding and shall pay us a remuneration equal to 15% of Hammer Price and other Expenses.

Article 44 Payment The Buyer shall make full payments in a lump sum and collect the Lot (package and transportation at the Buyer's expense) within seven (7) days after the Sale Date; otherwise, the Buyer shall be liable for breach of contract.

Article 45 Currency All payments shall be made in the currency, Chinese RMB, as designated by our Company. In the event that the Buyer wishes to make payment in a currency other than Chinese RMB, the buyer shall inform our Company in advance, and the currency shall be converted by our Financial Department at the rate announced by the bank of deposit. The Buyer shall reimburse our Company for any bank charges, commission, and other expenses incurred while converting a foreign currency into Chinese RMB.

Article 46 Passing of Title The Buyer will acquire ownership of the Lot after having paid full Purchase Price.

Article 47 Transfer of Risks After a successful bid, any Lot purchased shall be entirely at Buyer's risk as early as one of the following appears: (1) the Buyer collects the Lot purchased; or (2) the Buyer pays to us full Purchase Price for the Lot; or (3) expiry of seven days after Sale Date.

Article 48 Collection The Buyer shall collect the purchased Lot at our company’s domicile or other place appointed by us no later than seven days after Sale Date. In case of failure to do so, the Buyer shall be solely responsible for all risks and losses of the Lot and bear all expenses for transportation, storage and insurance in connection therewith due to delay. Nevertheless the Lot is still preserved by us or any other agents, we and our employees or its agents shall not be liable for any losses and damages of the Lot caused by any reason.

Article 49 Package and Transportation We may arrange packing and handling of the purchased Lot on behalf of the Buyer as the case maybe on its request and the Buyer shall be liable for any loss arising thereupon. In no circumstances shall we take any liability for any damages or losses of glass, frames, drawer, bottom mat, trestle, mounting, insert pages, roller or other similar accessories arising out of any reason. In addition, we shall undertake no liability for any fault, omissions, damages and losses caused by the packers or carriers we recommended.

Article 50 Export of Lot We will make explanation in the catalogue or at the auction to the Lot prohibited to be exported pursuant to the Protection Law of Cultural Relic of the People's Republic of China and other relevant laws and regulations. The Buyer shall be responsible for applying for export license in accordance with Chinese laws for the Lot permitted to be exported pursuant to the Protection Law of Cultural Relic of the People's Republic of China and other relevant laws and regulations.

Article 51 Remedies for Non-payment In the case that the Buyer fails to make full payment within the period provided in Article 44 hereof, we shall be entitled to exercise one or more of the following remedies: (1) not to refund the deposit and the ownership of the deposit shall transfer to our Company, if the Buyer fails to make full payment within the stipulated period and the Buyer shall undertake any liability that may occur in accordance with this Conditions. In the event that the Buyer fails to pay any one purchase price of the lot on time according to the Conditions after successful bidding on seeral lot with the same one paddle af xed with number, all of the deposit shall not be refunded. In the event that the deposit is insufficient to cover all losses suffered by our Company, the Buyer shall make further compensation for the balance between

the deposit and the actual losses suffered by our Company ; (2) If following a successful bid the Buyer fails to pay us the purchase price in full according to Article 44 of these Conditions of Business, we shall have the right to provide all or part of the data or information about the Buyer to any third party in cooperation with us for purposes of entrusting such third party to collect all or part of the default payment from the Buyer; (3) charge the Buyer an interest rate of 0.1% per day on the due and unpaid amount until such payment is made in full, to the extent it remains unpaid for more than seven (7) days after the Date of Sale, unless otherwise agreed upon by both the Buyer and us. (4) commence lawsuit proceedings against the Buyer for any damages caused by the Buyer's breach of contract, including but not limited to the losses of interest on deferred or unpaid payment by the Buyer. (5) exercise a lien on the purchased Lot or other properties of the Buyer which may be in our possession for any reason. The Buyer is responsible for all expenses or risks occurred during the period of lien. In case the Buyer fails to perform all relevant obligations hereunder within the period we designated, we shall have the right to dispose of such property in accordance with relevant laws and regulations. In case the proceeds cannot cover the amount outstanding, we are entitled to claim for the balance; (6) in the event that the Buyer not making full payment to us within 35 days from Sale Date, to cancel or approve the Consignor to cancel the sale of the Lot and/or other Lots sold to the same Buyer at this auction or any other auctions and reserve the right to claim for any losses caused by such cancellation. (7) carry out a re-sale of the Lot by public auction or other ways according to this Conditions subject to the consent of the Consignor. The original Buyer shall be liable to the Consignor for the remuneration/commission and other Expenses occurred at such auction as well as all Expenses for re-sale by public auctions or other ways. In addition, the original Buyer shall also be liable for the difference, if the Purchase Price actually received by the Consignor for re-sale by public auctions or other ways of such Lot is lower than the original Purchase Price that would have been receivable hereunder had the Buyer made the full payments.

Article 52 Remedies for Deferred CollectionIn case the Buyer fails to collect the purchased Lot within the period provided in Article 44 hereof, we shall be entitled to exercise one or more of the following remedies: (1) arrange storage of the Lot at our company or any other places at Buyer's risk and expense. The Buyer shall not collect the Lot unless the full Purchase Price is paid (package and transportation at the Buyer's expense); (2) exercise a lien on the purchased Lot. After 30 days from the delayed collection by the Buyer, we may, as the case maybe, dispose of such Lot in accordance with relevant laws and regulations and apply the proceeds to compensate for the amount outstanding owed to us including but not limited to fees of storage, insurance, transportation, notarization and all expenses occurred in relation to disposal of the Lot. The Buyer should collect the balance (if any) at its own expenses.

Chapter IV Miscellaneous Article 53 Con dentiality We shall be obligated to maintain the confidentiality of any information provided to us, and indemnify all legal rights of Consignor, Bidder, Buyer and our company against any damages according to the relevant laws and regulations of the People's Republic of China.

Article 54 Identi cation We may identify the Lot if necessary, as the case maybe, at our own discretion. All expenses in with respect to the identi cation shall be borne by the Consignor. In case of any discrepancy with respect to the status of such Lot between the identi cation and the consignment contract, we shall be entitled to modify or rescind the consignment contract without bearing any responsibilities.

Article 55 Copyright We shall be entitled to take photographs, make illustrations, catalogue or other images relating to the Lot consigned to us for auction and shall have the copyright for such photographs, illustrations, catalogue or other images mentioned above.

Article 56 Exemption We shall undertake no liability for any breach of contract by the Buyer or the Consignor.

Article 57 Notice in Written Both the Bidder and Consignor shall notify us their valid and regular contacting address and . No change in any of the particulars will be effective until it has been noti ed in writing as soon as possible. All notices referred in this agreement shall be in writing and shall be delivered by post or transmitted by fax. A notice sent by post shall be deemed to have been sent on the date we give it to post of ce and received by the addressee via normal mail service. A notice sent by fax, shall be deemed to be received on the date when it is faxed.

Article 58 SeverabilityIf any provision or part of this Conditions is deemed invalid, unlawful or unenforceable by a competent agency of Chinese government, this Conditions shall be ineffective to the extent of such unlawfulness or unenforceability without invalidating or affecting the validity or enforceability of the remaining provisions of this Conditions.

Article 59 Settlement of DisputesIf any dispute arises from participation in the auction pursuant to this Conditions, all concerned parties shall submit such dispute to a Chinese court or of the place where our Company domiciles.

Article 60 LanguageThis Conditions is written in Chinese and English. The English version is only for reference and is not legally valid. In case of any discrepancy between the Chinese version and English version, the Chinese version shall prevail.

Article 61 Copyright of these ConditionsWe have the copyright of these Conditions.

Article 62 Singular and PluralIn the provisions of this Conditions, the singular includes the plural and vice versa where the context requires.

Article 63 Right to alternationIn case of any alternation to this Condition, our Company has the right to publish the altered version in any way the laws permit. We will not inform each individual who has read the former versions of conditions.

Article 64 Date of EffectivenessThis Conditions of Business takes effect on December 20, 2007.

Article 65 Contact InformationAs for this auction, if you have any complaints, you can report to Commercial and Adminstative Authorities of Shanghai (0086-21-54236686).

Article 66 Right to InterpretWithin the permission by laws, our Company has the right to interpret these Conditions at our own discretion.

ABSENTEE BID FORMConsignor’s Name _______________________________________ ID/Passport No._________________________________________ Address________________________________________________ City____________ State ____________ Zip Code_____________Telephone/Home_____________ Business___________________ Phone______________________ Date______________________Fax_________________ Email____________________________

Agent’s Name _________________________________________ ID/Passport No._________________________________________ Address_______________________________________________ City____________ State ____________ Zip Code_____________Telephone/Home_____________ Business___________________ Phone______________________ Date______________________Fax_________________ Email___________________________

Title Description

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Lot Number

Please bid on my behalf at the above sale for the following Lot(s) up to the price(s) mentioned below. 1. 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. 2. To secure the bidding, this form has to be delivered to the company 24 hours before the sale date. 3. I have read the Conditions of Business and notices printed in the sale catalogue and agree to be bound by them.

Consignor Signed ____________________________

Agent Signed ____________________________

Please check your bids carefully before sent. We do not take responsibility for any written error. If there are two or more identical highest bids, the priority will go to the earliest Absentee Bid Form we received.

Bid Price(disclusive of buyer’s premium)

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 Account Account Name: Shanghai Hosane Auction Co., LTD.Account No.: 03389800040009551 Bank 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 XUJI AHUI SUB-BRANCH

Hosane 2013 Autumn Auctions

December 21, Saturday, 2013 Shanghai

Chinese Painting Calligraphy( ) Important Imperial Chinese Ceramics and Works of Art

December 21, Saturday, 2013 Shanghai

Chinese Painting Calligraphy( )

December 21, Saturday, 2013 Shanghai

December 22, Sunday, 2013 Shanghai

Gold and Silver Coins of PRC

Modern and Contemporary Chinese Ceramics

December 21, Saturday, 2013 Shanghai

December 22-23, Sun-Mon, 2013 Shanghai

Ancient Coins/ Gold&Silver Sycees/ Milled Coinage

December 22, Sunday, 2013 Shanghai

Magical Brushstrokes : Classical and Modern Chinese Calligraphy

December 21, Saturday, 2013 Shanghai

Chinese Painting Calligraphy( )

December 21, Saturday, 2013 Shanghai 200023

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Chinese P

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alligraphy()

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