Auctions
Thank you for your interest in auctioning my work. Given the frequency of requests I receive to auction my work, I use the below format to work with charities so that we both benefit from auctions.
How it works
In order for auctions to be sustainable and mutually beneficial, I ask for a 50/50 split of the starting bid. The charity will receive the difference between the starting bid and the final bid.
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Review the auction agreement below
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If the terms serve your organisation, select an artwork that you would like to auction from my online shop
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Fill out the 'Express Interest' form below
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Receive a response within 1-3 business days
Auction Agreement
This Agreement of understanding is made on [Month] [Date], [Year] between Pangolin Society Limited (the “Artist”) registered at 9A E Wah Factory Building, 56-60 Wong Chuk Hang Road, Aberdeen, Hong Kong and [Organisation] (“Auctioneer”) registered at [registered address] and each referred to as a “Party”, and together, the “Parties”. The Parties agree to the following terms with respect to the items listed in the Section 2, referred to collectively as the “Lot”, and individually as the “Items”:
1. Terms
Starting Bid: The amount in Hong Kong dollars at which bidding for the Lot shall begin
[Artist to specify]
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Retail Price: The retail value in Hong Kong dollars of the Lot
[Artist to specify]
Auction Period: The duration of which the Lot shall be available for auction online or in-person
[Please specify here]
Opening Date: The first date of the Auction Period
[Please specify here]
Closing Date: The final date of the Auction Period
[Please specify here]
Event: The name of the event at which the Lot is shall be auctioned
[Please specify here]
Venue: The venue (if any) at which the Event shall take place
[Please specify here]
Auction Date: The date (if any) of an in-person auction at the Venue
[Please specify here]
Delivery Address: The location at which the Lot must be delivered to the Auctioneer
[Please specify here]
Delivery Deadline: The date at which the Lot must be delivered to the Delivery Address
[Please specify here]
2. Lot profile and specifications
Title: Choi Hung • The Hong Konger | Gallery Print 3/30
Starting Bid: HK$13,500
Retail Price: HK$15,000
Dimensions: 40 x 60cm (when unframed; 2cm frame)
Paper: Awagami bamboo archival paper (170g/m2)
Specifications: Signed, numbered, black 2cm wood frame, limited edition of 30
Medium: Digital art
Visuals: Images can be downloaded from the following link: ​sophiahotung.com/product-page/choi-hung-the-hong-konger
3. Terms of auction
a. The Artist shall be responsible for the printing, framing, delivery, and associated costs of the Lot and ensure the delivery of the Items to the Auctioneer’s registered address on or before the Delivery Deadline
b. The Auctioneer shall auction the Lot throughout the Auction Period. The Auctioneer bears full discretion to use third-party affiliates, partners, and/or platforms in its auction of the Lot.
c. The Auctioneer shall display the Lot at the Event on the Auction Date at the Venue.
d. The Auctioneer shall use written and visual materials provided and approved by the Artist in the marketing, sale, and promotion of the Lot.
e. The Artist agrees to suspend sales of the Item during the Auction Period.
f. The Auctioneer shall pay within 1 month of the Event 50% of the Starting Price to the Artist if the Lot is sold.
g. In the event that the Lot does not sell at the Event, the Auctioneer shall bear responsibility for returning the Lot to the Artist within 14 days after the Event.
h. The Auctioneer shall be liable for any loss or damages while in possession of the Artwork and is responsible for the delivery and associated costs of delivery of the Artwork to either the buyer or Artist after the Event.
4. Miscellaneous terms
a. When, as a result of force majeure, any Party is prevented in whole or in part from performing its duties or carrying out its obligations under this Agreement, it shall give prompt notice thereof to the other Party specifying the obligations rendered incapable of performance and describing the event of force majeure in full detail. Following such notice, and for as long thereafter as the force majeure continues, those obligations which cannot be performed because of the force majeure shall be suspended.
b. Both Parties represent that they are fully authorised to enter into this Agreement. The performance and obligations of either Party will not violate or infringe upon the rights of any third party or violate any other agreement between the Parties, individually, and any other person, organisation, or business or any law or governmental regulation.
c. The failure by either Party to exercise any right, power, or privilege under the terms of this Agreement will not be construed as a waiver of any subsequent or future exercise of that right, power, or privilege or the exercise of any other right, power, or privilege.
d. This Agreement is legal and binding between the Parties as stated above and supersedes any previous contracts.
e. The Parties agree that this Agreement shall be governed by Hong Kong law. The Parties agree to handle any potential arbitration through Hong Kong courts.
f. The Parties acknowledge and agree that this Agreement represents the entire agreement between the Parties. In the event that the Parties desire to change, add, or otherwise modify any terms, they shall do so in writing to be signed by both parties.
The Parties agree to the above terms and conditions as demonstrated by their signatures as follows:
Name: [NAME]
Title: [TITLE]
Organisation: [ORG]
The Auctioneer
Date: [DATE]
Name: Sophia Hotung
Title: Managing Director
Organisation: Pangolin Society Limited
The Artist
Date: [DATE]