Indication of Information

Seller

SBI Art Auction Co., Ltd. (“SBI”)

Representative of the Seller

Shumpei Morita

Address of the Seller

7F TFT Building East Wing, 3-6-11 Ariake Koto-ku,

Tokyo 135-0063 Japan

Telephone number of the Seller

03-3527-6692

Fax number of the Seller

03-3529-0777

E-mail address of the Seller

artauction@sbigroup.co.jp

Bidding Method

Bids must be made (i) by clicking the “Bid” button displayed on the screen of this web page (the “Online Auction Website”) which displays images and other information of the works subject to bids as well as status and changes in intended purchase price, or (ii) through the Automatic Input Function.

SBI will not accept cancellation of a bid and/or modification of intended purchase price.

Bids on the Online Auction Website shall be deemed void in the following circumstances:

(1) If a higher bid is made;

(2) If the bidding ends without reaching the Reserve Price; or

(3) If the Online Auction is suspended.

Successful Bid Price

The price at which you won the work on the Online Auction Website will be the Successful Bid Price of the work. Successful Bid Price is not subject to consumption tax.

Other costs to SBI in addition to the Successful Bid Price

Successful Bidder shall pay an amount equal to the Successful Bid Price, 15.0% of the Successful Bid Price as fees (amounts less than 1 yen shall be rounded down; hereinafter, “SBI’s Premium”) and consumption tax on the SBI’s Premium(the total is referred to as the “Purchase Price”) to SBI.

You are responsible for shipping fee, packing fee and insurance fee which apply as follows.

Domestic shipping within Japan

[Shipping fee]

Size/Area

Hokkaido

Tohoku

Kanto

Chubu

Kansai

Chugoku・Shikoku

Kyushu

~6

¥ 2,100

¥ 1,800

¥ 1,700

¥ 1,700

¥ 1,800

¥ 1,900

¥ 2,100

10

¥ 2,300

¥ 2,000

¥ 1,900

¥ 1,900

¥ 2,000

¥ 2,100

¥ 2,300

15

¥ 3,300

¥ 2,400

¥ 2,100

¥ 2,400

¥ 2,400

¥ 2,800

¥ 3,300

25

¥ 5,500

¥ 3,800

¥ 2,500

¥ 3,400

¥ 3,800

¥ 5,300

¥ 6,000

50

¥ 7,700

¥ 4,700

¥ 3,500

¥ 4,500

¥ 5,000

¥ 7,000

¥ 8,300

※SBI ships works on cash on delivery only. The shipping and packing costs on above list are for reference purpose only and actual fee may vary depending on shape and material of the works. Please inquire us for shipping and packing costs of the work that is larger than size 50 (French standard size, 116 x 89cm).

[Packing fee] (cardboard box+cushioning material)

Size

Price(approx.)

~6 (41x31.8cm)

¥ 1,000

10 (53x45.5cm)

¥ 1,500

15 (65.2x53cm)

¥ 2,000

25 (80.3x65.2cm)

¥ 2,500

50 (116.7x91cm)

¥ 3,500

[Insurance fee]

If the purchase price (including SBI’s premium) exceeds ¥ 300,000, additional insurance cost will apply (about ¥ 50 yen per ¥ 10,000).

International Shipping

SBI can help you with quotes for international shipping, as well as wooden crating or Tri-wall boxes packaging and courier delivery services.

Please feel free to consult with us.

[Packing fee] (cardboard box+cushioning material)

Size

Price(approx.)

~6 (41x31.8cm)

¥ 3,000

10 (53x45.5cm)

¥ 3,500

15 (65.2x53cm)

¥ 4,000

25 (80.3x65.2cm)

¥ 4,500

The packing costs on above list are for reference purpose only and actual fee may vary depending on shape and material of the works.

[Shipping fee]

●EMS(Express Mail Service by Japan Post)

> EMS : Shipping Rates

●FedEx 

> FedEx : Shipping Rates

In case the Successful Bidder receives the work outside Japan, it may be subject to local taxes (like as Duty, Tax, VAT) and custom fees. It is calculated based on the amount that appears on the invoice.

[Insurance fee]

Approximately 0.5% of the Purchase price (including SBI’s premium).

In such case that the estimated insurance fee is less than ¥ 3,000, the minimum charge of ¥ 3,000 will be applied.

Payment Period

You shall remit the Purchase Price within 10 Business Days from the last day (the “Auction Final Day”) of an Auction Period (the “Payment Period”).

Payment method

A Successful Bidder may select a method of payment from among (i) wire transfer, (ii) credit card settlement, or (iii) PayPal.

The details of the methods of payment shall be as specified in the items below:

a. Wire transfer

A Successful Bidder shall remit the Purchase Price into the bank account specified below to ensure SBI will receive such Purchase Price within the Payment Period. Any remittance fees shall be borne by the Successful Bidder.


Account name: SBI Art Auction Co., Ltd.

Beneficiary Bank: Mizuho Bank, Ltd.

Branch Name: Otemachi Corporate Banking Division

Account type: Savings Account

Account No.: 5315263

SWIFT Code: MHCBJPJT


b. Credit card settlement or PayPal

Promptly after a Successful Bidder selects the method of payment, SBI shall send such Successful Bidder an e-mail which specifies a URL of a web page wherein such Successful Bidder will enter information necessary for payment via credit card settlement or PayPal. On such web page, the Successful Bidder shall enter information necessary for payment, such as credit card information and e-mail address, and make payment procedures. The Successful Bidder can only use a credit card in the name of such Successful Bidder as the method of payment for the Purchase Price.

Delivery

- Pickup at the office of SBI

Within 20 days after you completed the payment of the Purchase Price pursuant to the invoice (however, if the last day of this period is not a Business Day, then the period is extended to the following Business Day), SBI deliver the work to the person who visit the office of SBI to pick up the work after checking its identification.

- Shipping

The Successful Bidder may instruct SBI to that effect via the Online Auction Website through the method prescribed by SBI with the necessary information to SBI. In this case, delivery to the Successful Bidder is deemed completed at the time of the delivery of a work to the Successful Bidder by a shipping company in accordance with the instruction.

* The Successful Bidder shall remit the Purchase Price within 10 Business Days from the Auction Final Day. On the condition that the Successful Bidder has notified the method of delivery in accordance with the Online Auction Conditions within 10 days from the Auction Final Day, SBI delivers the work to the shipping company within 20 days from the date of SBI’s receipt of the Purchase Price. It may take 5-20 days until the Successful Bidder receives a work from the day of the Auction Final Day.

Defect liability

Because of their nature, works are not new, and accordingly, are sold in as-is condition. SBI bears no liability whatsoever for works stains, damage, or other defects or flaws.

Return and refund

SBI will not accept any return and refund.

Recommended system environment

<Software>

(PC/Mac) Chrome / Safari latest version

(SP/iOS) Mobile Safari latest version

* Internet Explore / Firefox’s latest versions work, too. However, our recommended environment is indicated above.

<Hardware>

(PC) Memory over 4GB、recommend 8GB

(SP) iPhone latest version

* SBI does not make any warranty with respect to the accessibility to and contents of the Live Auction Website.

Other conditions of purchase

For details, please refer to “Online Auction Conditions”.