CSS16 - Gems Of Chinese Imperial Post In Taiwan

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GEMS OF CHINESE IMPERIAL POST IN TAIWAN

大清臺灣珍郵

16 MAY 2015

HONG KONG

STAMPS COINS BANKNOTES MEDALS BONDS & SHARES AUTOGRAPHS BOOKS WINES WATCHES

4/F, Hua Fu Commercial Building, 111 Queen’s Road West, Hong KongTelephone +852 3952 3000 Fax +852 3952 3038 E-mail [email protected]

WWW.SPINK.COM

GROUP CHAIRMAN AND CEO Olivier D. Stocker

YOUR SPECIALISTS

STAMPS UK – Tim Hirsch FRPSL Guy Croton Fernando Martínez David Parsons Nick Startup Neill Granger

Paul Mathews Dominic Savastano Tom Smith Ian Shapiro USA – George Eveleth Richard Debney

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COINS UK - Richard Bishop Eleanor Charlotte Dix Tim Robson Jon Mann Barbara Mears John Pett

USA – Greg Cole Luke Mitchell Stephen Goldsmith (Special Consultant) China – Kin Choi Cheung

BANKNOTES UK – Barnaby Faull Andrew Pattison Monica Kruber Thomasina Smith

USA – Greg Cole Stephen Goldsmith (Special Consultant) China – Kelvin Cheung Paul Pei Po Chow

BONDS & SHARES UK – Mike Veissid Andrew Pattison Thomasina Smith

USA – Luke Mitchell Europe – Peter Christen China – Kelvin Cheung

ORDERS, DECORATIONS, MEDALS & MILITARIA UK – Mark Quayle Oliver Pepys John Hayward

BOOKS UK – Philip Skingley Jennifer Mulholland

AUTOGRAPHS USA – Greg Cole Stephen Goldsmith (Special Consultant)

WINES China – Guillaume Willk-Fabia

YOUR EUROPE TEAM (LONDON – LUGANO)

Chairman’s Office Charles Blane

Directors Tim Hirsch Anthony Spink

Auction & Client Management Team Mira Adusei-Poku Grace Hawkins Rita Ariete Dora Szigeti Tatyana Boyadzhieva

John Winchcombe Craig Bower-Parker María Martínez Maurizio Schenini Finance

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Berdia Qamarauli Liz Cones Curlene Spencer Tom Robinson Cristina Dugoni Giacomo Canzi

YOUR AMERICA TEAM (NEW YORK) Auction Administration and Marketing & Design

Sonia Alves Amit Ramprashad Finance & Administration

Aleena Nieves Auctioneers

Luke Mitchell

YOUR ASIA TEAM (HONG KONG – SINGAPORE) Administration

Angie Ihlo Fung Newton Tsang Sue Pui Arthur Chan Doris Lo Gary Tan

及/或 *

封面插圖: Lot 879 封底插圖 : Lot 842,854,905

The Spink Environment Commitment:Paper from Sustainable Forests and Clean InkSpink has a long history of preserving not only collectables but our planet, too. We are proud to ensure thatour policy of sustainability and conservation keeps up with Spink’s growth, helping improve the environmentfor new generations of collectors.

We insist that our printers source all paper used in the production of Spink catalogues from FSC and/or PEFCsuppliers and use non-hazardous inks. We also ask they hold the environmental standard ISO 14001.

Spink recycle all ecological material used on our premises and we encourage you to recycle your catalogueonce you have finished with it.

TWITTER: @SpinkandSon

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拍賣會地點

大清臺灣珍郵

斯賓克銷售團隊

斯賓克中國華富商業大廈4樓香港皇后大道西111號電話: +852 3952 3000傳真: +852 3952 3038

拍品咨詢

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2015年5月16日假香港及于以下互聯網平台同步舉行

斯賓克盛意為你提供免費全新的實時網上拍賣平台SpinkLive，只需於我們網站登記後可立即使用。請注意，凡於the-saleroom.com參與本公司網上競投並勝出時，本公司將收取相當於落鎚價3%之手續費。

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如欲購買本公司產品目錄，講電郵致[email protected]電話: +852 3952 3000 傳真: +852 3952 3038查詢更多有關斯賓克的資訊，未來拍賣活動及拍賣結果，請瀏覽我們網址：www.spink.com

Sue [email protected]+852 3952 3010

Doris [email protected]

Arthur [email protected]+852 3952 3002

+852 3952 3001

2015年5月16日(星期六) 上午10時出價競投或查詢時請列明拍賣編號為 CSS16

斯賓克中國華富商業大廈4樓香港皇后大道西111號2015年5月14日(星期四) 上午10時至下午6時2015年5月15日(星期五) 上午10時至下午6時

拍賣會詳情

預展

Newton [email protected]+852 3952 3032


Tommy [email protected]+852 3952 3020


WWW.SPINK.COM

NOTICE TO BIDDERS Dear Bidder, We welcome you to our auction house. Please note the points below to assist you with the registration, bidding and payment at our auctions. REGISTRATION FOR BIDDING: If you are registering with us for the first time or have not bid successfully in the past, we require a deposit of HK$50,000. If you intend to bid more than HK$200,000 the deposit may be higher. The deposit will be deducted from your invoice should your bid be successful. If you are unsuccessful, your deposit will be returned by the same means by which it was paid. In addition we will ask for your bank and trade references. We encourage new clients to register for bidding at least 48 hours prior to the commencement of the sale to allow sufficient time to process the registration. Prior to the auction, some lots may be designated as “Premium Lots”, which means a deposit may be required before placing a bid on the item for sale. Information will be posted on our website in such an event. Spink have the right at our own discretion to refuse admission to our premises, attendance at an auction and decline submitted bids. BIDDING METHODS: In person You will be given a registration form that you will need to fill in providing your up to date address and contact details. Please always have your photo ID with you and, if you are bidding on behalf of a company, your business registration. ID information is collected for registration purposes only and will be kept confidential. Submitting a bid form by email/post/fax Again please always provide your full up-to-date contact details together with the lot numbers and the amounts up to which you would like us to bid on your behalf exclusive of Buyer’s Premium/tax/postage. Should you not receive our email confirmation of your bids having been received please call our office to make sure they have been received and processed. Submitting bids via our website To submit bids via our website www.spink.com you need to be registered and logged in. You can leave bids via this method up to 3 hours before the commencement of the sale. Bidding live on Spink Live You must be registered and logged into our website www.spink.com. The live bidding applet can be accessed from one week prior to the sale via the Spink Live button on our homepage. You will see ‘Auction not yet started’ message that will be replaced about one hour before the commencement of the sale with the live feed. You will be able to see and hear the auctioneer live during the sale. Buyers who acquire lots on the-saleroom.com will have a fee of 3% on the hammer price added to their invoice for using this facility. Telephone bidding We reserve this service for bidding on lots of value exceeding HK$10,000. Bidding via agent Your agent has to inform us prior to the sale that he or she will be bidding on your behalf, and the usual sale registration has to take place. He or she has to provide a letter of authorisation signed by you. Please place your bids following our usual bidding increments published in the Terms and Conditions for Buyers. Please note that commission and telephone bids are undertaken subject to other commitments at the time of the sale, and the conduct of the auction may be such that we are unable to bid as requested. Since this is undertaken as free service we cannot accept liability for failure to make a commission bid. Buy bids and plus one bids will not be accepted. Please make yourself aware of any Saleroom notices published on lots you are interested in bidding on.

EXTENSIONS (STAMPS ONLY): Prospective buyers, who wish to obtain an expert opinion on any lot other than a mixed lot or lot containing un-described stamps, are requested to notify Spink in writing no less than 48 hours before the commencement of the sale. Reason why such opinion is required must be stated together with the identity of an expert for Spink to consider such a request. Extensions requested on account of condition will not be accepted for expert opinions. PAYMENT METHODS: Payments should be made by the registered buyer and not by third parties, unless it has been agreed upon at the time of registration that you are acting as an agent on behalf of a third party. Payments are due within seven days after the date of the sale unless it has been confirmed to you in writing since July 2013 that you are an approved credit client. If payment is not received by Day 35, the sale will be cancelled. If you are also a vendor in the sale, please note offsets are not available. Payment may be made by one of the following methods: Direct bank transfer to the following account, quoting invoice and client number as reference. All bank charges should be met by you. Account Name: Spink China Limited Bank: HSBC Hong Kong Account No.: 652-438458-838 SWIFT code: HSBCHKHHHKH Bank address: 1 Queen's Road Central, Hong Kong Credit card (VISA , Mastercard and CUP): A 3% surcharge will be applied. American Express: A 4% surcharge will be applied. The amount will be converted into Pound Sterling and processed in Spink London office. For all card payments there are limits to the amounts we will accept depending on the type of card being used and whether the cardholder is present or paying over the telephone. To make a payment by card please call our office at +852 3952 3000 or email [email protected]. Hong Kong cheque drawn on HK branch of bank: Cheques should be made payable to Spink China Limited and must have cleared before your purchases can be collected or sent to you. Bankers draft/cashier’s cheque: If you provide suitable proof of identity and we are able to make checks that satisfy ourselves as to the genuineness of the draft or cheque then you may collect your purchases immediately. Cash: You may pay for lots purchased by cash in the currency of the sale. We may accept small amounts in GBP, US$ and EUR. COLLECTION OF LOTS AND SHIPPING: All lots have to be paid for in full before they can be collected or shipped. If an invoice is partly paid no lots will be released from that invoice. It is the responsibility of the buyer to be aware of any import duties or import restrictions in the final destination. Spink will not accept return of any package in order to avoid these duties. Please be aware that your purchased lots will be at your risk in all respects from the time of collection or the expiry of seven days from the date of sale, whichever is sooner. If you require sending your lots to an address different from the address on the invoice, this will be carried out at the discretion of Spink. FOR ANY FURTHER INFORMATION PLEASE CONTACT OUR AUCTION TEAM AT +852 3952 3000 or [email protected].


FOR YOUR BIDS

Sue [email protected]+852 3952 3010

FOR YOUR PAYMENT

16 May 2015 in Hong Kong and on

Doris [email protected]


FOR YOUR INTERNET BIDS


Arthur [email protected]+852 3952 3002

+852 3952 3001

and/or *

SALE LOCATION

SPINK HONG KONG

4/F, Hua Fu Commercial Building

111 Queen’s Road West, Sheung Wan, Hong Kong

Tel: +852 3952 3000

Fax: +852 3952 3038

YOUR SPINK TEAM FOR THIS SALE

FOR YOUR QUESTIONS ABOUT THE SALE LOTS

To purchase a catalogue:

email: [email protected]

tel: +852 3952 3000 fax: +852 3952 3038

For more information about Spink services, forthcoming

sales and sales results visit the Spink Website

www.spink.com

Front Cover Illustrations: Lot 879 Back Cover Illustrations: Lot 842, 854, 905

SPINK ON SOCIAL M EDIA

Please use the QR code to visit our website, view our catalogues and otherpublications and place commission bids. You can download the QR CodeReader for iPhone, Blackberry and Android from App Store on yoursmartphone.

*Spink is pleased to continue to offer our brand new on-line bidding platformSpink Live for no charge through www.spink.com. Please note that bidderswho acquire lots on the-saleroom.com will have a fee of 3% on the hammerprice added to their invoice for using this facility.

The Spink Environment Commitment:Paper from Sustainable Forests and Clean InkSpink has a long history of preserving not only collectables but our planet, too. We are proud to ensure thatour policy of sustainability and conservation keeps up with Spink’s growth, helping improve the environmentfor new generations of collectors.

We insist that our printers source all paper used in the production of Spink catalogues from FSC and/or PEFCsuppliers and use non-hazardous inks. We also ask they hold the environmental standard ISO 14001.

Spink recycle all ecological material used on our premises and we encourage you to recycle your catalogueonce you have finished with it.

TWITTER: @SpinkandSon

INSTAGRAM: Spink_auctions

FACEBOOK: Spink Auctions

YOUTUBE: Spinkauctions

SALE DETAILS

VIEWING OF LOTS

Saturday 16 May 2015 at 10.00 a.m.

In sending commission bids or making enquiries,

this sale should be referred to as CSS16

SPINK CHINA

4/F Hua Fu Commercial Building,

111 Queen’s Road West, Sheung Wan, Hong Kong

Thursday 14 May 2015 10.00 a.m. - 6.00p.m.

Friday 15 May 2015 10.00 a.m. - 6.00p.m.

Tommy [email protected]+852 3952 3020


WWW.SPINK.COM

preface

The offer of the items in this collection, featuring a few National Treasures such as 1885 Horse and Dragon issue 20 cash red brush stroke “Sui Fan Chiao" in complete sheet of twenty-five as appeared on the cover of the catalogue, is probably the most comprehensive and extensive ever formed. It represents a milestone in the philately for the topic. I hope all of you will enjoy participating and of course that most will be successful in acquiring some of these philatelic jewels to grace your collection.

Tommy ChauHong Kong, April 2015

序

本場大清臺灣郵政專題拍賣內容堪稱有史以來最為全面及豐富，當中不乏國寶級大珍品，如圖錄封面展示的

紅色龍馬票手寫“水返腳”全張廿五枚。我誠意希望閣下會對本場拍賣的內容深感興趣，更希望閣下能投

得心中所好，為郵集錦上添花。

周千里

香港，2015年4月

May 16, 2014 - HONG KONG

7

order of sale

1886-94 Taiwan Courier Station Stamps 臺灣驛站郵票 801-854 1888 (c.) Small Dragon Stamp Taiwan Overprints 小龍加蓋臺灣票 855-861 1888 Horse and Dragon Issues 龍馬票 862-905 1895 Black Flag Republic Issues 臺灣民主國“獨虎”郵票 906-926

key to catalogueSymbols

Unmounted Mint Unused/Mint (with gum, without gum or regummed) Used Block of four Block larger than four On piece Cover, card or entire Proof Specimen

Abbreviationsc.d.s. circular date stampc.t.o cancelled to order


WWW.SPINK.COM

GEMS OF CHINESE IMPERIAL POST IN TAIWANSaturday 16 May 2015 | Commencing at 10.00 a.m.

All prospective buyers should read carefully the “Terms and Conditions for Buyers” printed at the back of this catalogue. Special attention should be drawn to Section 3.4 if an expert opinion is to be obtained for any lot (other

than a mixed lot or lot containing undescribed stamps).

Estimates and ReservesThe estimate of each lot printed below the lot description does not include 20% Buyer’s Premium. They are prepared well in advance of the sale and may be subject to revision. Reserve (if any), will never be above the

low estimate printed.

Please note that bidders who acquire lots on the-saleroom.com will have a fee of 3% on the hammer price added to their invoice for using this facility. Spink is pleased to continue to offer our brand new on-line bidding platform

Spink Live for no charge through www.spink.com

1886-94 Taiwan Courier Station Stamps

臺灣驛站郵票


WWW.SPINK.COM

Taiwan was off icial ly adopted into the territory of Imperial Ching Dynasty as being a Prefecture (Fu) under Fukien

Province in 1684 (Kang Hsi 23th year). In 1884 (Kuang Hsu 10th year), Liu Ming Chuan was appointed as the first Governor of Taiwan and his proposal of upgrading Taiwan from a Prefecture to a Province was approved in 1885 and came effective in 1887.

The first set of Taiwan Postage Stamp, the “Official Postage Stamp” serving military and off icials was issued in 1886 and came into use with the “Commercial Postage Stamp” for general public in 1888 after Governor Liu introduced a series of postal reform, remarkably the establishment of “Courier Station” post, in March that year.

“Courier Station” post was ceased in 1895 as Taiwan was ceded to Japan upon the signing of the “Treaty of Shimonoseki” on 17 April 1895 (Kuang Hsu 21th year, 3th Month, 23th Day) resulted from the defeat of Imperial China in the Sino-Japanese War.


11

OFFICIAL POSTAGE STAMP 公文用站票

1886 FIRST ISSUE 第一版

Complete stamp“Tun” ideogram (“燈”字號) in red struck twice

All wood plate types are believed to be accurate, but cannot be guaranteed as such.

801 Die 2 on wove paper, sharp impression, large margins, a little toned, still very fine unused. Chan F1. HK$2,400-3,200

802 Die 2 on wove paper, sharp impression, large margins, uniform toning and some minor imperfections, still fine unused. Chan F1.

HK$2,400-3,200

803 Die 18 on native paper, slightly worn impression, good to close margins, toned, otherwise fine unused.Chan F1.

HK$4,500-6,000

803802801


WWW.SPINK.COM

804 An unused reconstructed sheet of five, all stamps with “Tun” ideogram in red, uniform impressions (slightly worn), two stamps at right form a vertical pair when rejoined and neighbouring stamp to the left shows overlapping impression of its right frame line to the rejoined vertical pair, top left stamp also shows slight doubling at top, a few small holes and considerable ageing, nevertheless a rare reconstructed sheet of the first issue. Chan F1.

References: Illustrated in David Chou, The Treasure Knowledge of Taiwan Courier Station of Ching Dynasty (1999), p. 65

HK$600,000-700,000

804

A REMARKABLE RECONSTRUCTED SHEET


13

Stamp with right half only

805 “Yi” ideogram in red, intermediate impression showing broken plate variety in most characters, distinctly in the three Chinese characters for the year, month and day, slight ageing and small hole at top, still fine and rare. Chan F1.

“宜”字號 (宜蘭縣署)，“年，月，日”三字嚴重破版。HK$10,000-15,000

806 “Tun” ideogram in red struck twice, slightly worn impression but still showing broken plate variety in most Chinese characters, some minor faults, still fine and rare. Chan F1.

HK$9,000-12,000

807 On piece, good to sharp impression, dispatched to Heng Chun (the most southern station) and dated Kuanghsu 14th Year, 3th Month, 28th Day (8 May 1888) in black manuscript, a few tears at right, fine and rare as probably the earliest usage of the issue since the “courier station” postal reform was introduced in March. Chan F1.

光緖14年3月28日(公元1888年5月8日)送恆春城(全臺灣最南面之驛站)，極有可能為最早使用實例(驛站郵政於同年3月開辦)。

HK$9,000-12,000

808 “Wan” ideogram, sharp impression showing broken plate variety of character “Tai”, with part strike of framed station cancellation (Tao Yuan) in red at the lower right corner, light horizontal crease and minor paper irregularities, fine and rare. Chan F1.

“灣”字號(臺灣府站)，“臺”字破版，右下角銷桃園站紅色方型戳。HK$3,000-4,000

809 “Tun” ideogram, slightly worn impression, showing broken plate variety in three Chinese characters for weight, tael and cash, dispatched to Feng Shan and dated Kuanghsu 18th Year, 7th Month, 17th Day in black manuscript, some ageing and a few small holes, otherwise very fine. Chan F1.

“重，兩，錢”三字破版HK$9,000-12,000

809808807806805


WWW.SPINK.COM

Complete stamp, huge margins all round with two minute pinholes at left for booklet binding

810 Die 1 on laid paper, without ideogram, clear impressions, very fine unused. Chan F2.HK$2,200-3,000

811 Die 1 on laid paper, “Shan” ideogram in red struck twice, clear impressions, fresh and very fine unused. Chan F2.

“善”字號 (善後局)HK$3,500-4,800

812 Die 1 on laid paper, “Feng” ideogram in red struck twice, No. 141 in black manuscript, sharp impression, tears at left affecting the pinholes, otherwise very fine unused. Chan F2.

“鳳”字號 (鳳山縣署)HK$2,600-3,500

811

810

812


15

813 Die 1 on laid paper, double impression which shows distinctly in the two Chinese characters “station” and “number” at foot, large even margins, very fine and important variety for the first issue. Chan F2 var.

第1木模印於條紋紙，文字複印變異，“站”及“號”字最為明顯，極珍罕。

References: Illustrated in David Chou, p. 67

HK$400,000-500,000

813

AN EXTREMELY RARE COMPLETE STAMP WITH BOX FOR IDEOGRAM EXCISED

代字“中空”


WWW.SPINK.COM

Complete stamp, Die 1 on laid paper

814 Without ideogram, sharp impression, showing heavy inking in the middle part of the character “Tai”, large margins on three sides, touched at right, still fine and fresh unused. Chan F2.

HK$9,000-12,000

815 “Shan” ideogram in red struck twice, sharp impression, large even margins, some stains, otherwise very fine unused. Chan F2.

HK$1,400-2,000

816 “Feng” ideogram in red struck twice, sharp impression, edge faults at three sides, hinged, fine unused. Chan F2.

HK$1,400-2,000

817 “Feng” ideogram in red struck twice, sharp impression, large even margins, some stains, fine unused. Chan F2.

HK$1,400-2,000


818 Die 1 on laid paper, clear impression with “Goods out, money not received” in four Chinese characters in red h.s., fine and rare with this handstruck marking. Chan F2.

“貨出銀未”紅印，較罕見。HK$10,000-15,000

814 815

818817

816


17

819 A magnificent collection of twenty-five stamps on wove or laid paper, comprising nearly all twenty-two types of wood plates with different impressions; a number of complete stamps including two with huge margins all round with two minute pinholes at left for booklet binding; a few stamps with rare ideogram and some used examples to rare destination; also two on piece of large official envelope, some faults and ageing, condition varied from fair to very fine but overall most suitable for a study of this nature. Chan F1, F2.

共25枚郵票，含不同木模版式、較少見之代字及較偏遠之目的地，並含兩枚大型官封剪片，適合對第一版站票作詳細研究之用。

HK$400,000-500,000

819EX

A Die 6, “Zhen” ideogram, dispatched to Anping 第6木模,“鎮”字號(臺灣鎮署),寄安平B Die 7, “Den” ideogram 第7木模,“淡”字號 (淡水縣署)C Die 8, “Fu” ideogram 第8木模,“撫”字號 (憲轅)D Die 12, on piece of large official envelope 第12木模,大型官封殘片E Die 18, “Tai” ideogram on piece of large official envelope 第18木模,“邰”字號(南字台勇),大型官封殘片F Die 19, missing the Chinese character “weight” 第19木模,“重”字漏印G Die 20, missing the Chinese character “tael” 第20木模,“兩”字漏印H Die 22, “Fan” ideogram 第22木模,“藩”字號 (藩署)

HG

F

A B C D E


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820 “Bei” ideogram in red with intermediate impression, good margins; numbered “0272” and dated Kuanghsu 14th Year, 9th Month, 14th Day (18 Oct. 1888) in black manuscript, an early usage of the issue as the “courier station” postal reform was introduced in March, very fine and rare.

“笨”字第272號，光緖14年9月14日(公元1888年10月18日)，由笨港(今北港，位於雲林縣)投遞，早期使用實例(驛站郵政於同年3月開辦)。

HK$100,000-120,000

821 “Yan” ideogram in red with sharp impression, unusually large vertical margins (120mm approx.in width, normal width 95mm approx.), believed to be another example of early usage of the issue as the stamp was with small number “0238” in black manuscript, very fine and rare

“鹽”字第238號(鹽局)，郵票高頭長尾(約120mm闊，一般約為95mm闊)，較罕見。HK$150,000-200,000

Both stamps above were not cacheted, possibly a human mistake by the staff of the station as being not familiar with the operation at the early stage the reform was introduced. 上列兩枚郵票均未銷印，可能由於工作人員於驛站郵政推行初期尚未熟悉運作所致。

821820

EXAMPLES OF EARLY USAGE ON PIECE OF LARGE OFFICIAL ENVELOPE

大型官封剪片，早期使用實例


19

1894 SECOND ISSUE 第二版

Complete stamp on laid paper

822 “Shan” ideogram in red struck twice, large to enormous margins all round, some water stains at the top, otherwise very fine unused. Chan F4.

HK$2,400-3,200

823 “Miao” ideogram in red, large to enormous margins all round, some stains, fine unused. Chan F4. “廟”字號 (關帝廟)

HK$2,600-3,500

824 “Lin” ideogram in red, showing broken plate variety in character “Tai”, large to enormous margins all round, fine to very fine unused. Chan F4.

HK$7,500-10,000

825 “Luo” ideogram in red struck twice, large to enormous margins all round, very fine unused. Chan F4. “羅”字號 (諸羅，今嘉義)

HK$1,400-2,000

826 “Luo” ideogram in red struck twice, large to enormous margins all round with slight edge faults at top and at right, otherwise very fine unused. Chan F4.

HK$2,600-3,500

827 “Luo” ideogram in red struck twice with additional “Taiwan Side Station” framed control chop in red, large to enormous margins all round, good to sharp impression, very fine unused. Chan F4.

HK$9,000-12,000

827826825

824823822


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828 “Luo” ideogram in red struck twice, with additional framed control chop in red, unusually large horizontal margins (182mm approx. in length), edge fault at right, fine unused. Chan F4.

郵票長約182mm，較罕見HK$9,000-12,000

829 “Luo” ideogram in red struck twice, with additional framed control chop in red, large to enormous margins all round, overall oiliness from the impression of the wood chop, very fine unused. Chan F4.

HK$6,000-8,000

EXAMPLES OF LATE USAGE 馬關條約簽訂前後晩期使用實例


830 “Luo” ideogram in red with two additional framed control chops in red, clear impression, good to close margins, dated in black manuscript Kuanghsu 21st Year, 3th Month, 21st Day (15 April 1895, 2 days before the “Treaty of Shimonoseki” was signed on 17 Apr.), very fine. Chan F4.

HK$6,000-8,000

831 “Luo” ideogram in red with three additional framed control chops in red, one of which ties stamp to piece of official envelope, dated in black manuscript Kuanghsu 21st Year, 3th Month, 28th Day (22 April 1895, 5 days after the Treaty was signed), another very late usage, very fine and rare. Chan F4.

HK$12,000-16,000

829828

831830


21

COMPLETE SHEET OF FIVE IN VERTICAL FORMAT

832 On medium, horizontally laid paper, each stamp with “Luo” ideogram in red struck twice and cacheted with “Taiwan Side Station” framed cancellation in red, numbered in black manuscript from top right to bottom left diagonally “698” to “702” in Chinese characters; top left stamp (No. 699) variety light double impression, very fine and fresh unused, rare. Chan F4.

“羅”字第698-702號，印於橫條紋中等紙，均蓋紅色“臺灣旁站”方型戳，左上方郵票(第699號)輕微複蓋變異。

HK$180,000-200,000

832


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833 On thick, vertically laid paper, each stamp with “Luo” ideogram in red struck twice and cacheted with “Taiwan Side Station” framed cancellation in red, numbered in black manuscript from top right to bottom left diagonally “870” to “874” in Chinese characters; top right stamp (No. 870) with double impression variety, very fine and fresh unused, exceptionally rare. Chan F4.

“羅”字第870-874號，印於直條紋厚紙，均蓋紅色“臺灣旁站”方型戳，右上方郵票(第870號)明顯複蓋變異。

HK$380,000-500,000

833


23

AN EXTENSIVE ASSORTMENT OF SIX COMPLETE SHEETS

834 An extensive assortment of six complete sheets of five in vertical format, three on horizontally and three on vertically laid papers with different thicknesses, either “Luo” or “Miao” ideograms, three cacheted with “Taiwan Side Station” framed cancellation in red and numbered in black manuscript, couple edge faults, overall fine to very fine, a marvelous basis for an in-depth collection of these fascinating issues. Chan F4.

共6張版票，2張為“羅”字號或“廟”字號，分別印於不同厚度之條紋紙，其中3張蓋紅色“臺灣旁站”方型戳及手書編號，適合對第二版站票作詳細研究之用。

HK$500,000-700,000

834

Horizontally laid 橫條紋

Vertically laid 直條紋

Thin paper薄紙

Thin paper薄紙

Medium paper中等紙

Medium paper中等紙

Thick paper厚紙

Thick paper厚紙


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1888 COMMERCIAL POSTAGE STAMP 郵政商票

DIE I ON LAID PAPER 第一模印於條紋紙

Right half of stamp only

835 “Wei” ideogram in red with partial strike of “Hu Wei Side Station” framed chop, slightly worn impression, large to clear margins, vertical edge irregularities, still very fine. Chan F5a.

“尾”字號（滬尾，今淡水）HK$6,500-9,000

836 “Wei” ideogram in red with partial strike of “Hu Wei Side Station” framed chop, good impression, large to clear margins, very fine. Chan F5a.

HK$3,800-5,000

837 “Wei” ideogram in red with partial strike of “Hu Wei Side Station” framed chop on piece of red-band envelope, good impression, large to clear margins, very fine. Chan F5a. Illustrated in Chan’s catalogue, Vol I (2010), P.291

陳目(2010年)第291頁原件HK$4,500-6,000

837836835


25

838 “Wei” ideogram in red with partial strike of “Hu Wei Side Station” framed chop, slightly worn impression, showing broken plate variety in the two Chinese characters “Postage”, large to clear margins, very fine and rare. Chan F5a.

“郵，政”兩字破版HK$13,000-18,000

839 Good impression with four partial strikes of framed chops in red, showing broken variety in a number of characters such as “Piao” and “Fa”, large to clear margins, paper adherences on reverse, fine and rare. Chan F5a.

“票，發”兩字破版HK$9,000-12,000

840 “Wei” ideogram in red with partial strike of “Hu Wei Side Station” framed chop, clear impression, showing double impression in the Chinese character “Post”, large margins, very fine and rare. Chan F5a

“郵”字複蓋HK$80,000-100,000

840839838


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841 Die I on laid paper, clear impression, the “Wei” ideogram positioned normally at the upper left with double impression variety while the additional “Wei” ideogram struck unusally at the bottom left of the character “Hsu” in the middle of the stamp; edge fault at top affecting the four Chinese characters “Commercial Postage Stamp”; otherwise very fine, but still very scarce. Chan F5a.

第一枚“尾”字 (蓋於正常位置“字”字之上)呈復蓋變異第二枚“尾”字蓋於“緒”字左下角

HK$500,000-600,000

“WEI” IDEOGRAM IN RED STRUCK TWICE WITH ONE SHOWING DOUBLE IMPRESSION VARIETY

郵票蓋兩枚紅色“尾”字，其中一枚呈復蓋變異

841


27

ANOTHER APPEALING EXAMPLE, DOUBLE VARIETIES IDEOGRAM STRUCK TWICE AND ONE SHOWING DOUBLE IMPRESSION

842

842 Die I on laid paper, clear impression, the “Wei” ideogram positioned normally with double impression variety while the additional “Wei” ideogram struck just vertically on top of it; large margins; very fine and very scarce. Chan F5a.

第一枚“尾”字 (蓋於正常位置)呈復蓋變異第二枚“尾”字蓋於第一枚“尾”字之正上方

HK$1,200,000-1,500,000


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Right half of stamp only

843 “Zong” ideogram (either Taipei or Tainan) dispatched to Yi Lan with two “General Station” framed cancellations in red, good margins on three sides, worm hole at foot, rare. Chan F6.

“總”字號（臺北總站或臺南總站），發遞至宜蘭。 HK$5,000-7,000

844 “Ting” ideogram dispatched to Da Dao Cheng with three “Ting Shuang Creek Station” (one of the most northern station) framed cancellations in red, good margins, fine and rare. Chan F6.

“頂”字號（頂雙溪站，全臺灣其中一個最北面之驛站），發遞至大稻埕(臺北市地名，今臺北市大同區西南部分)。

HK$18,000-25,000

845 “Li” ideogram dispatched to Hu Wei with three control chops in red, good to close margins, fine and rare. Chan F6.

HK$9,000-12,000

846 “Tu” ideogram dispatched to Tainan Fu with three “Nan Tu Side Station” framed cancellations in red, edge fault at foot, worm hole at left, otherwise very fine. Chan F6.

“投”字號（南投旁站）HK$3,000-4,000

847 “Zong” ideogram (either Taipei or Tainan) dispatched to Keelung with two “General Station” framed cancellations in red, good to large margins, worm hole at top right, rare. Chan F6.

發遞至基隆HK$6,000-8,000

848 Dispatched to Tainan with three control chops in red, worm hole at top left affecting the ideogram, still fine. Chan F6.

HK$5,000-7,000

848847846845844843

DIE II ON NATIVE PAPER 第二模印於土紙


29

849 Die I , “Zong” ideogram in red on piece, 1890 (6 Aug.), Kuang Hsu 16th Year, 6th Month, 21th Day, Taipei General station to Hu Wei, showing two dispatch markings in red with one tied to the piece.

“總”字號，光緖十六年六月廿一日(公元1890年8月6日)臺北總站發遞至滬尾，銷大型“臺北總站”紅色方戳。

HK$50,000-60,000

850 Die I , “Zong” ideogram in red on piece, 1891 (2 Feb.), Kuang Hsu 16th Year, 12th (Winter) Month, 24th Day, Taipei General station to Hu Wei, showing two dispatch markings in red with one tied to the piece.

“總”字號，光緖十六年冬月廿四日(公元1891年2月2日)臺北總站發遞至滬尾，銷大型“臺北總站”紅色方戳。

HK$16,000-22,000

850849

EXAMPLES OF COMMERCIAL USAGE ON PIECE


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851 Die III, “Tu” ideogram in red on piece, 1891 (7 May), Kuang Hsu 17th Year, 3th Month, 29th Day, Nan Tu Side Station to Pei Sze Street, Tainan City, showing dispatch markings of “Nan Tu Side Station” (3, 1 tied to the piece), transit markings of “Mao Kiang Wei Station” and “Kan See Sub Station”, very fine and exceptionally rare.

“投”字號，光緖17年3月29日(公元1891年5月7日)南投旁站發遞至臺南郡北勢街，銷紅色方型“南投旁站”始投戳，另有“茅港尾站”及“看西腰站”中轉戳

The characteristics of Die III are not listed in Chan. As compared to lots 849 and 850 in previous page, we can note that for Die III, the left slanting stroke of the two characters “Kuang” and “Hsu” is longer than that of Die I. Although Die II also bears long strokes for the two characters, it is not difficult to distinguish between Die II and Die III issues as the Chinese character “Stamp” in the former issue has its dot at bottom right omitted.

陳目並無記載第三模特徴。與上頁849及850號拍品比較，我們可以發現第三模中“光”字及“緒”字中的“者”左撇較長。

HK$300,000-400,000

851

AN EXCEPTIONALLY RARE DIE III ISSUE USED ON PIECE WITH CLEAR POSTAL ROUTE 罕見第三模，實寄例，郵路清晰


31

852 1893 Receipt of Commercial Postage Stamp for Public Use, black on laid paper, of fine appearance with good to large margins, thin at top and aged. A great rarity of which there are only seven examples recorded. Chan F7.

The purpose of this stamp is still not exactly known. According to Shiu-Hon Chan, it may possibly be a receipt issued to addressee to pay the postage when receiving the mail.

1893年郵政商票收條，發行情形未詳，可能為信資到奉憑條，存世僅見七枚，極珍罕。

HK$100,000-120,000

853 1893 Telegram Receipt, black on native laid paper, large margins all round, very fine unused. Chan F8.

HK$1,200-1,800

853

852


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854 “Formosa Administration des Postes et Telegraphes” in white characters printed on powder blue and white circular perforated paper; believed to be issued by the Telegram Bureau for use as a receipt or voucher before the Telegram Receipt (see lot 853) was issued in 1893, very fine.

One of probably a few, if not the only, surviving examples.


HK$700,000-800,000

854

AN IMPORTANT AND RARE ITEM FOR TAIWAN TELEGRAM HISTORY

臺灣電報重要史証

1888 (c.) Small Dragon Stamp Taiwan Overprints

小龍加蓋臺灣票

The Small Dragon Stamp Taiwan Overprints could be regarded as the pioneer in Chinese provincial

issues. It was printed following the request by Sir Robert Hart, the Inspector General of the Imperial Maritime Customs, who tried to control Postal Service for Imperial regime centrally in Peking. The at tempt was not successful and the issue had not come to use in Taiwan ever.


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855 3ca. mauve imperforate, well centered, balanced margins all round, fine and fresh unused. Chan F9.HK$9,000-12,000

856 5ca. olive yellow imperforate, well centered, balanced margins all round, fine and fresh unused. Chan F10.

HK$9,000-12,000

857 5ca. olive yellow imperforate with large sheet margin at right, variety overprint significantly misplaced to right showing part of the two Chinese characters “Taiwan” of the adjacent left stamp, fine and fresh unused, rare. Chan F10a.

伍分銀橄黃色無齒帶右邊紙，“臺灣郵票”四字加蓋大移位，左鄰票“臺灣”二字部份顯示。HK$60,000-75,000

858 5ca. olive yellow imperforate horizontal pair with large sheet margins at foot, varieties overprinted on reverse and misplaced to right, fine and fresh unused, very rare. Chan F10a, var.

伍分銀橄黃色無齒帶下邊紙橫相連，“臺灣郵票”四字加蓋於背面兼移位。HK$150,000-180,000

859 “Taiwan Postage Stamp” in four Chinese characters trial overprinted on white paper, fine and fresh, very rare. Chan F11T. Illustrated in Chan’s catalogue, Vol. I (2010), p.294

“臺灣郵票”試蓋於白紙，陳目(2010年)第294頁原件。HK$160,000-200,000

“TAIWAN POSTAGE STAMP” IN FOUR CHINESE CHARACTERS OVERPRINTED IN RED ON THIN UNWATERMARKED PAPER

859

858

857856855


35

860 3ca. mauve on thin unwatermarked paper, imperforate block of four from upper left corner of the sheet, missing “Formosa” overprinted in red, minor imperfections, otherwise very fine but still exceptionally scarce. Chan F12var.

A complete sheet of the issue consisted of forty stamps divided into two panes of twenty (4x5). The left and the right pane was each overprinted “Formosa” and “Taiwan Postage Stamp” in four Chinese characters in red respectively.

There exists record that stamps at the left pane with variety missing “Formosa” overprint. Two interpanneau blocks of eight (3ca. mauve and 5ca. olive yellow, both imperforate and from the foot of the sheet) are illustrated in “Story Behind the 1888 Taiwan Stamp Overprint on Small Dragon Issue” written by Professor Ho Huei-ching recently released in Asian Philatelist 2014.

叁分銀紫色無齒直角邊四方連，漏蓋紅色“Formosa”。小龍臺灣加蓋票整版四十枚由兩格二十枚縱五橫四組成，左格二十枚票加蓋紅色“Formosa”，右格二十

枚票加蓋紅色中文“臺灣郵票”四字。

HK$380,000-500,000

A BLOCK OF FOUR WITH VARIETY OVERPRINT MISSING 四方連漏蓋變異

860


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861 3ca. mauve imperforate, 5ca. olive yellow imperforate and perforate 12, horizontal pairs with sheet margins at right on unwatermarked paper, “Taiwan Postage Stamp”in four Chinese characters overprinted in red; also the same combination (with sheet margins at left); “Formosa” overprinted in red, very fresh and fine. Chan F9-F11, F12-F14.

HK$300,000-350,000

861

AN OUTSTANDING COLLECTION OF THE ENTIRE SMALL DRAGON TAIWAN OVERPRINT ISSUES

Are you thinking of selling a collection or single item at auction?

With over 70 auctions per year, held around the globe, Spink are happy to accommodate your needs to achieve the best results.

Please contact our specialists today for further details.

THINKING OF SELLING?

Are you thinking of selling a collection or single item at auction?

With over 70 auctions per year, held around the globe, Spink are happy to accommodate your needs to achieve the best results.

Please contact our specialists today for further details.

THINKING OF SELLING?

1888 Horse and Dragon Issues龍馬票


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The Horse and Dragon issue is as beautiful as the ancient name of Taiwan – “Formosa”. It was printed by Bradbury Wilkinson & Co. in

London via P.W. Wastnace, a stationery merchant there, following an initial request by Governor Liu Ming Chuan. It arrived Taiwan in mid-1888 and was intended for use as postage stamp but this had never come in place and the issue was subsequently surcharged for use as railway tickets.

The exact reason for the Horse and Dragon issue not being used as postage stamp is still unclear. There is a few doctrine now generally accepted by the philatelists, including:

• The use of Official and Commercial Postage Stamps was well recognized by the officials and general public in Taiwan since their introduction in March 1888.

• The official railway tickets were expected not to be ready when the railway was going to be launched in December 1888.

• The intention was abandoned by Governor Liu himself, in exchange for refusing the use of the Small Dragon Stamp Taiwan Overprints printed in Peking by Sir Robert Hart as the postage stamp in Taiwan.


39

862 Master die proof of 20 cash in black on surfaced India paper (57 x 78mm), mounted on sunken card (93 x 118mm). A very fine, splendid, and unique representation of the artwork for the issue.

大型黑色母模樣票，存世僅此一枚。

References: Illustrated in David Chou, History of the Dragon and Horse Stamp and Railway of Ching Dynasty (2001), p. 60.

HK$3,600,000-5,000,000

862

LARGE-SIZED MASTER DIE PROOF OF 1888 HORSE AND DRAGON ISSUES


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863 Die proof of 20 cash in red on surfaced India paper (58 x 76mm), mounted on sunken card (109x150mm), an exquisite example of engraving, very fine and exceptionally rare as only two copies known.

大型紅色樣票，存世僅兩枚。

References: Illustrated in David Chou, p. 61.HK$2,200,000-3,000,000

863

LARGE-SIZED DIE PROOF


41

864

864 Die proof of 20 cash in black on gummed paper, the “20” on lower left crossed out in red, stains on surface, still fine and very rare as only two copies known.

小型黑母模樣票，存世僅兩枚。HK$1,800,000-2,500,000

SMALL-SIZED MASTER DIE PROOF


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865 A superb assembly of six imperforated colour proof on small-size thick paper. Except for the yellow one, all the other five with “Specimen” diagonally printed from top left to bottom right in same colour of the paper, of which additionally the red-brown one with “Specimen.” small h.s. in blue-black; the green one with perforated “Specimen” in vertical format; the blue and the brown ones with perforated “Specimen” in horizontal format.

小型厚紙分色樣票六枚HK$1,200,000-1,800,000

865

SMALL-SIZED COLOUR PROOFS


43

867 A marvelous assembly of seven perforated proof, including perforation 12 in green, olive and claret, perforation 14 in red-brown and perforation 14½ in rose, bright colour, very fine and fresh. Exceptionally rare.

有齒彩色樣票七枚HK$320,000-500,000

866

867

866 A complete set of six colour trial proof on thin wove gummed paper, very fine. An important historic surviving set relating to the issue, in all probability unique.

中型薄紙試色樣票六枚

References: Illustrated in David Chou, p. 64HK$300,000-500,000


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868 20 cash green and 20 cash red, unused with part to large part original gum, light toning on gum side, otherwise very fine. Chan F15, F16.

HK$18,000-26,000

869 20 cash green and 20 cash red, hinge remainders and couple imperfections, still fine unused. Chan F15, F16.

HK$15,000-20,000

870 20 cash green and 20 cash red, each with imperforate sheet margin at right, minor faults, otherwise very fine unused. Chan F15, F16.

HK$15,000-20,000

871 20 cash green and 20 cash red, unused, the former has red suffusion just showing through to front and the latter with trimmed perf. at foot and has oldtime glue mount on reverse, fair appearence. Chan F15, F16.

HK$6,000-8,000

871870

869868


45

873 20 cash green and 20 cash red, with imperforate margin at foot showing rough perforation at foot (also at right for the red one), fine to very fine unused. Chan F15, F16.

HK$120,000-180,000

873

872

872 20 cash green and 20 cash red, with imperforate margin at foot showing “Bradbury Wilkinson & Co. London” imprint, fine to very fine with much original gum. Chan F15, F16.

50,500 pieces were printed for each colour in sheets of twenty-five and there was only one piece per each sheet bearing the imprint. In other words, there were only 2,020 pieces in total for each colour bearing imprint.

HK$360,000-450,000

BASIC ISSUES SET OF TWO BEARING IMPRINT, PROBABLY ONLY FOUR SETS SURVIVING

龍馬帶廠銘套票，存世可能僅存四套

BASIC ISSUES SET OF TWO WITH ROUGH PERFORATION, EXTREMELY RARE 龍馬毛齒套票，珍罕


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874 20 cash red block of four from the bottom of the sheet with imperforate sheet margin showing “Bradbury Wilkinson & Co. London” imprint, bright colour, very fine and fresh unused. Chan F16.

HK$120,000-150,000

875 20 cash red brush stroke “Sikow” block of four, from the top right corner of the sheet with imperforate sheet margin on two sides, very fine and fresh unused. Chan F17.

HK$120,000-150,000

876 20 cash red brush stroke “Sikow” with imperforate sheet margin on top, very fine and fresh unused. Chan F17.

HK$3,000-4,000

877 20 cash red brush stroke “Sui-Fan Chiao”, bright colour, well centred, very fine and fresh unused. Chan F18.

HK$3,000-4,000

876877

875874


47

878

878 20 cash red brush stroke “Sui Fan Chiao” with imperforate sheet margin at foot, variety perforation significantly misplaced; showing at the left two incomplete “20”, “20 cash” in five Chinese characters kissing the perf. and the outer and inner framelines completely missing while at the right, showing the outer and inner framelines of the adjacent right stamp, very fine and fresh appearance; exceptionally scarce.

紅色原票，書法加蓋“水返腳”，原票齒孔大移位，票面左邊兩“20”未能完整顯示，“制錢貳拾文”五字緊貼齒孔，內外框線消失，票面右邊則顯示右鄰票內外框線。

HK$480,000-600,000

STAMP WITH PERFORATION SIGNIFICANTLY MISPLACED


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879

A NATIONAL TREASURE OF TAIWAN STAMP ISSUES 國寶級大珍品

879 20 cash red, brush stroke “Sui Fan Chiao”, unfolded complete sheet of twenty five (5 x 5) with full selvedge all round, showing “Bradbury Wilkinson & Co. London” imprint at foot, pristine unmounted mint, stunningly fine and fresh appearance; unique. Chan F18.

紅色原票書法加蓋“水返腳”廿五枚完整無摺版票一張，票面色澤鮮艷，廠銘清晰顯示，票背帶極美原膠，存世孤品。

HK$5,000,000-6,000,000


49

“COMMERCIAL BUREAU EAST FOREIGN 10c.”, “EAST” ON RIGHT SIDE, UNFRAMED SURCHARGE ONLY TWO EXAMPLES RECORDED

880 Handstamped in red on 20 cash green, unused without gum, slight toning in general. The second recorded example and one of the great rarities of Taiwan. Experts & Consultants certificate (2004). Chan F19.

綠色原票手蓋紅色無框改值“商務局洋銀壹角”，“東”字在右，此票為存世有記錄中之第二枚。附專家顧問有限公司2004年證書。

HK$480,000-600,000

SURCHARGE IN UNFRAMED RED HANDSTAMP, UNLISTED IN CATALOGUE

881 “Sui Chuan Chiao to Taipei Foreign 10c.” on 20 cash green with imperforate sheet margin at right, small gum stain at lower right, rare, unlisted in Chan.

綠色原票手蓋紅色無框改值“水轉腳至台北洋壹角”，陳目並無記載。HK$300,000-400,000

“COMMERCIAL BUREAU WEST FOREIGN 10c.”, “WEST” ON RIGHT SIDE, UNFRAMED SURCHARGE

882 Handstamped in red on 20 cash green, good colour, short perf. at upper right, toned spots, fine unused. Chan F20.

HK$20,000-26,000

881

882

880


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883 “Commercial Bureau West Foreign 10c.”, “West” on right side, unframed surcharge handstamped in red on 20 cash green, block of eight with sheet margin at foot showing “Bradbury Wilkinson & Co. London” imprint [7-10/12-15], deep rich colour, sharp impression of surcharge, very fine unused with much original gum; a lovely and desirable multiple, very rare as believed to be the largest multiple known for this issue. Chan F20.


HK$800,000-1,000,000

883

THE LARGEST MULTIPLE KNOWN


51

884 “Commercial Bureau East Foreign 10c.” with frame, “East” on left side, surcharged on 20 cash green and on 20 cash red, both with imperforate sheet margins at foot and at right, well centered, deep bright colour on fresh white paper, clear and sharp impression of surcharge, without gum, extremely fine and rare. Chan F21, F21A.

The 10c. on 20 cash red, as being the only recorded example illustrated in David Chou, p. 82 and Shiu-Hon Chan, Colour Illustrated Stamp Catalogue of China (1878-1949), Vol. I (2010), p. 296, is one of the rarest stamps not only of the Horse and Dragon issue, but also of all of Taiwan.

紅色及綠色原票手蓋紅色有框改值“商務局洋銀壹角”，“東”字在左，此兩枚票為周傳義2001年著作“大清龍馬票鐵路傳”第82頁及陳目(2010年)第296頁原件，其中紅票存世僅見此枚。

HK$700,000-800,000

884

“COMMERCIAL BUREAU EAST FOREIGN 10c.”, “EAST” ON LEFT SIDE, FRAMED SURCHARGE


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888887

885 886

“COMMERCIAL BUREAU WEST FOREIGN 10c.”, “WEST” ON LEFT SIDE, FRAMED SURCHARGE

885 On 20 cash green and on 20 cash red, very fine to fine unused. Chan F22, F23.HK$9,000-12,000

886 On 20 cash green, centrally cancelled (c.t.o.) by “Customs/Tamsui” double-ring d.s. (23.4) in blue, very fine with much original gum. A rare example of the Customs dater applied to these stamps for reasons unknown. Chan F22.

綠色原票手蓋紅色有框改值“商務局洋銀壹角”，“西”字在左，票面中央銷清晰“淡水海關”藍色雙圈戳。HK$160,000-250,000

887 On 20 cash red, faintly cancelled with a private seal look like a coin (signifying Dragon, Phoenix, Money and Horse which implies all good wishes would come true soon), light uniform toning, still fine. Chan F23.

紅色原票手蓋紅色有框改值“商務局洋銀壹角”，“西”字在左，票面銷類似錢幣私印，象徵“龍鳳錢馬”。HK$70,000-100,000

888 On 20 cash red, with imperforate sheet margin at left; surcharge significantly misplaced to left, resulting the “Commercial Bureau” and “10 cents” surcharges untouched with “Post office” and “20 cash” at the two sides of the basic stamp, fine and fresh, very rare. Chan F23 var.

紅色原票手蓋紅色有框改值“商務局洋銀壹角”，“西”字在左，手蓋大移位，左邊加蓋“洋銀壹角”及右邊加蓋“商務局”分別與原票“制錢貳拾文”及“大清臺灣郵政局”沒有重疊。

HK$280,000-350,000


53

889 On 20 cash green, a reconstructed vertical strip of five forming the leftmost column of the sheet; all stamps, including a vertical pair, bear imperforate margins, fresh colour, very fine appearance with much original gum. A rare positional combination. Chan F22.

左排重組，含直雙連一份。 HK$180,000-220,000

890 On 20 cash red, vertical strip of four from the right of the sheet with imperforate margins, folded, fresh surface colour, very fine appearance with much original gum, rare. Chan F23.

直四連帶右下直角邊。HK$120,000-150,000

“COMMERCIAL BUREAU WEST FOREIGN 10c.”, “WEST” ON LEFT SIDE, FRAMED SURCHARGE - contd.

890

889


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891 A nearly complete reconstruction of the sheet of twenty-five of the “Commercial Bureau West Foreign 10c.”, “West” on left side, framed surcharge in red on 20 cash red, including a horizontal pair from the top right corner of the sheet, lacking only a few positions which are filled by other stamps, fine to very fine and a remarkable philatelic accomplishment which can be built upon with eventual completion of the reconstruction (25). Ex Woo Lo-Yuan. Chan F23.

HK$380,000-500,000

891

A FANTASTIC RECONSTRUCTED SHEET


55

“Taipei to Sikow Foreign 5c.” handstamped in black resurcharged on “Commercial Bureau West Foreign 10c.” , “West” on left side, framed surcharge in red手蓋紅色有框改值“商務局洋銀壹角”，“西”字在左，再加蓋黑色“台北至錫口洋五點”

892 On 20 cash red, with imperforate sheet margin at top, very fine unused. Chan F24.HK$3,500-5,000

893 On 20 cash red, with imperforate sheet margin at foot (minor edge fault); showing broken varieties in four Chinese characters, namely “Tai”, “Pei”, “Zhi” at left and “Wu” at right; mostly notable in the character “Zhi” as interestingly shown like “E”, fine and very rare. Chan F24var.

黑色加蓋“台，北，至，五”四字破版，“至”字最為明顯。HK$180,000-220,000

894 On 20 cash red, with imperforate sheet margin at foot; the Chinese character “Five” resurcharged in black missing almost completely, also showing broken varieties in the other seven Chinese characters, very fine and rare. Chan F24var.

黑色加蓋字均呈不同程度之破版，“五”字幾乎完全消失。HK$100,000-150,000

894893892

895 “Taipei to Sikow Foreign 5c.” handstamped in black on 20 cash green and 20 cash red, with imperforate sheet margin at right and at top respectively, fine unused. Chan F25, F26.

HK$9,000-12,000

896 “Taipei to Sui Chuan Chiao Foreign 10c.” handstamped in black on 20 cash green and 20 cash red, both with imperforate sheet margin at left, fine unused. Chan F27, F28.

HK$10,000-12,000

896895


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897 “Sui Chuan Chiao to Sikow” 5c. on 20 cash green, brush strokes on reverse, very fine unused. Chan F29.

HK$20,000-30,000

898 “Sui Chuan Chiao to Sikow Foreign 5 Cents” in red on 20 cash green, surcharge misplaced to left and manuscript marks in black on reverse, very fine unused with part original gum, very scarce. Chan F31.

綠色原票手蓋紅色“水轉腳至錫口洋五點”改值。HK$220,000-250,000

899 “Sui Chuan Chiao to Taipei” 10c. on 20 cash red, brush strokes on reverse, fine unused. Chan F32. HK$26,000-38,000

901900

899898897

“Sikow 5c.” handstamped in red resurcharged on “Taipei to Sikow Foreign 5c.” surcharged in black handstamp黑色“台北至錫口洋五點”改值，再改值紅色“錫口五點”

900 On 20 cash green and 20 cash red; 20 cash green has surface scuff, fine unused. Chan F33, F34.HK$9,000-12,000

901 On 20 cash red; characters in black handstamp with light double impression, fine unused. Chan F34. 黑色加蓋字呈輕微覆蓋

HK$14,000-20,000


57

902 On 20 cash green; the left characters of the surcharged handstamp overlapped by the resurcharged handstamp due to the former misplaced to left, very fine unused. Chan F35.

加蓋字與再加蓋字輕微重疊HK$120,000-180,000

903 On 20 cash green; light impression of “ Taipei to Sikow Foreign 5c.” surcharge leading to some characters missing or barely seen, very fine unused. Chan F35.

“台北至錫口洋五點”紅色第一次改值輕蓋，部份字體未能顯示。HK$260,000-350,000

904 “Sui Fan Chiao10c.” handstamped in red resurcharged on “Taipei to Sui Chuan Chiao Foreign 10c.” handstamped in black on 20 cash green and 20 cash red; couple imperfections on surfaces, otherwise very fine unused. Chan F36, F37.

HK$15,000-18,000

904

903

902

“Sikow 5c.” handstamped in red resurcharged on “Taipei to Sikow Foreign 5c.” surcharged in red handstamp紅色“台北至錫口洋五點”改值，再改值紅色“錫口五點”


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905 “Formosa Railway, Passenger Ticket, Tu Cheng, To, Siko” (28 x 55mm) with No. 1850 embossed vertically at left, on the other side Chinese printed inscription “Taiwan Railway Headquarters, Passenger Ticket, Da Do Cheng Sikow, the _29th_day of the _10th_month of the _15th_year of Kuangshu Reign” (21 Nov. 1889, dates filled in by hands) and “Taiwan Railway and Commercial Affairs Bureau” control chop in red at lower right, very fine and a great rarity.

An important item and an integral part of the history of the Horse abd Dragon issues and probably the only surviving example.

On 18 December 1888 (Kuangshu 14th year, 11th month, 16th day), the railway between Taipei and

Keelung was opened. At that time, there were no train tickets, so Horse and Dragon stamps were used as train tickets. Later, official train tickets were issued and for a short while used concurrently with the Horse and Dragon stamps.


HK$800,000-1,000,000

905

THE FIRST OFFICIAL TRAIN TICKET FOR TAIWAN

59

Taiwan was ceded to Japan upon the signing of the “Treaty of Shimonoseki” on 17 April 1895 (Kuang Hsu 21th year) as Imperial

China was defeated in the Sino-Japanese War. The leader of Black Flag Troops Liu Yung Fu based at Tainan continued, from June onwards, the fight with Japan in the Island after President Tang of the Republic (set up in late May) escaped to mainland. Postal services were set up at the same t ime including the issuance of the Tiger stamps, with the stamp design making reference to the Republic flag, a yellow tiger in navy blue background.

1895 Black Flag Republic Issues臺灣民主國"獨虎"郵票


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First Issue

906 30 cash to 100 cash imperforate set of three on transparent native paper, large to good margins, hinged, fine unused. Chan F38-F40. Photo

HK$1,400-2,000

907 30 cash to 100 cash imperforate set of three on transparent native paper, 30 cash yellow green in horizontal pair (hinged on black paper), 50 cash carmine and 100 cash violet in vertical pairs, hinge remnants, fine unused. Chan F38-F40. Photo

HK$7,500-10,000

908 50 cash carmine horizontal tête-bêche pair, on transparent native paper, large margins, hinged, very fine and rare. Chan F39d. Photo

HK$9,000-12,000

909 100 cash violet horizontal tête-bêche pair, on transparent native paper, large margins, hinged, very fine and rare. Chan F40b. Photo

HK$9,000-12,000

909

906

908

907


61

910 1895 (5 Sept.) envelope to Amoy (20.9) bearing imperf. 50 cash vermilion, tied by “Taiwan Republic/Tainan” double-ring d.s. in blue, with “Local Post Office/Amoy” arrival c.d.s. underneath.

HK$5,000-7,000

911 1895 (12 Sept.) red-band envelope to Foochow bearing imperf. 30 cash to 100 cash set of three, tied by “Taiwan Republic/Tainan” double-ring d.s. in blue, fine.

HK$6,000-8,000

912 Second Issue, 30 cash to 100 cash set of three, each cancelled by part “Formosan Republic/Taiwan” double-ring d.s., very fine. Chan F41-F43.

HK$1,200-1,500

912

911

910


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Third Issue

913 30 cash blue complete sheet of seventy-two (8 x 9), rarely-seen format, unused without gum as issued, very fine and scarce. Chan F44.

藍色叄拾錢版票，縱九橫八，極少見之印刷格式。HK$60,000-70,000


63

914 30 cash blue in horizontal pair, unused without gum as issued, fresh surface colour, hinged on black paper, fine. Chan F44.

HK$3,500-5,000

915 30 cash blue black in horizontal strip of three, the middle stamp with value omitted variety, unused without gum as issued, hinge remainder, fine and scarce. Chan F44c var.

藍黑色叄拾錢橫三連，中間一枚郵票面值漏蓋。HK$20,000-30,000

916 30 cash blue green in block of six, imperforate margin at right, unused without gum as issued, hinge remnants, very fine and appealing. Chan F44e.

HK$20,000-30,000

917 50 cash deep vermilion in block of six, imperforate margin at left, unused without gum as issued, very fine and fresh. Chan F45h.

HK$10,000-15,000

917916

915914


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918 50 cash vermilion complete sheet of sixty-three in rarely-seen horizontal format (9 x 7), unused without gum as issued, showing the watermark of the papermaker “Dorling & Co London” in full, a few perf. separation, still very fine and scarce. Chan F45f, g.

硃紅色伍拾錢版票縱七橫九，極少見之印刷格式，帶造紙廠水印。HK$50,000-60,000

918


65

919 100 cash purple complete sheet of sixty-three (7 x 9), unused without gum as issued, showing the watermark of the papermaker “Dorling & Co London” in full, the 35th stamp (the rightmost stamp in the middle row) variety value omitted, very fine and scarce. Chan F46, c, d.

紫色壹佰錢版票，帶造紙廠水印，第35枚(最右排中間)郵票面值漏蓋。

HK$70,000-80,000

919


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921 100 cash purple in horizontal pair, the left stamp with light double impression variety, unused without gum as issued, hinged on paper, still very fine and fresh. Chan F46, f.

HK$8,500-12,000

922 100 cash blue black in block of four, good to large margins, unused without gum as issued, hinge remainder, still very fine. Chan F47.

HK$5,500-8,000

922

921

920

920 100 cash purple in block of four, well centered, deep and rich colour, unused without gum as issued, very fine and fresh. Chan F46.

HK$1,200-1,600


67

923 30 cash green, 50 cash vermilion and 100 cash purple in blocks of four, unused without gum as issued, couple imperfections, still very fine. Chan F44i, F45, F46.

HK$8,500-12,000

925

924

923

924 30 cash blue, 50 cash vermilion and 100 cash blue-black, very fine cancelled by double- ring d.s. Chan F44, F45, F47.

HK$1,600-2,200

925 Fourth issue (unissued), 30 cash emerald green, 50 cash red and 100 cash violet, very fine unused. Chan F48-F50.

HK$900-1,200

926 A collection of 1895 Black Flag Republic stamps covering first to fourth issues with a breif annotation of Taiwan Republic written in Chinese, also with a few Official Postage stamps. Condition good to fine in general. No photo

HK$5,500-8,000


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SINGAPORE 2015 WORLD STAMP

EXHIBITION14 - 19 AUGUST 2015 | SANDS EXPO AND CONVENTION CENTRE

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Please hold my purchased lots for collection Continued ...

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NAME ______________________________________________________

ADDRESS ____________________________________________________

____________________________________________________________

____________________________________________________________

POSTCODE ___________________________________________________

SALE TITLE DATE SALE No.

Gems Of Chinese Imperial Post In Taiwan

I request Spink, without legal obligations of any kind on its part, to bid on the following Lots up to the price given below.I understand that if my bid is successful the Purchase Price will be the sum of the final bid and Buyer’s premium as a percenta ge of the final bid. The Rate of Premium is20% of the final hammer price of each lot. I understand Spink will pursue me for payment for any successful bid. In addition, I understand and consent that Spink mayshare my personal details relating to the default with other auction houses and live bidding platforms to protect themselves from such defaults.

All bids shall be treated as offers made on the Terms and Conditions for Buyers printed in the catalogue. I also understand that Spink provides the service of executingbids on behalf of clients for the convenience of clients and that Spink will not be held responsible for failing to execute bids. If identical commission bids are received forthe same Lot, the commission bid received first by Spink will take precedence. Please note that you will not be notified if the re are higher written bids received. Iunderstand Spink will pursue me for payment for any successful bid.

BIDDERS PLEASE NOTE OUR EXTENSION CLAUSES IN OUR TERMS AND CONDITIONS FOR BUYERSPLEASE PRINT CLEARLY IN BLOCK LETTERS AND ENSURE THAT BIDS ARE IN HONG KONG DOLLARS

YOU CAN ALSO BID IN REAL TIME ON SPINK LIVE. JUST VISIT WWW.SPINK.COM, REGISTER AND

SIGN UP FOR THE SALE.

4/F and 5/F, Hua Fu CommercialBuilding111 Queen’s Road WestSheung WanHong KongTel: +852 3952 3000Fax: +852 3952 3038

WRITTEN BIDS FORM

This form should be sent or faxed to theSpink auction office in advance of the sale.References for new clients should besupplied in good time to be taken upbefore the sale. Bids received later thanone hour before the start of the sale maynot be processed.

Lot Number(in numerical order)

Price Bid HK$(excluding Buyer’s Premium)





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大清臺灣珍郵

16 MAY 2015

HONG KONG



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PLEASE PRINT CLEARLY IN BLOCK LETTERS AND ENSURE THAT BIDS ARE IN HONG KONG DOLLARS

REFERENCES REQUIRED FOR CLIENTS NOT YET KNOWN TO SPINK

TRADE REFERENCES ________________________________________________________________________________________

BANK REFERENCES _____________________________________________________________________________________________________







DATE SALE NO.


CSS16

BIDDING INCREMENTSBidding generally opens below the low estimate and advances in the following order although the auctioneer may vary the biddingincrements during the course of the auction. The normal bidding increments are:

HK$100 to HK$2,000 by HK$100HK$2,000 to HK$3,000 by HK$200HK$3,000 to HK$5,000 by HK$200 or HK$300HK$5,000 to HK$10,000 by HK$500HK$10,000 to HK$20,000 by HK$1,000HK$20,000 to HK$30,000 by HK$2,000

HK$30,000 to HK$50,000 by HK$2,000 or HK$3,000HK$50,000 to HK$100,000 by HK$5,000HK$100,000 to HK$ 200,000 by HK$10,000HK$200,000 to HK$300,000 by HK$20,000 HK$300,000 to HK$500,000 by HK$20,000 or HK$30,000HK$500,000 and up at Auctioneer’s discretion

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71

PLEASE PRINT CLEARLY IN BLOCK LETTERS AND ENSURE THAT BIDS ARE IN HONG KONG DOLLARS

REFERENCES REQUIRED FOR CLIENTS NOT YET KNOWN TO SPINK

TRADE REFERENCES ________________________________________________________________________________________

BANK REFERENCES _____________________________________________________________________________________________________







DATE SALE NO.


CSS16

BIDDING INCREMENTSBidding generally opens below the low estimate and advances in the following order although the auctioneer may vary the biddingincrements during the course of the auction. The normal bidding increments are:

HK$100 to HK$2,000 by HK$100HK$2,000 to HK$3,000 by HK$200HK$3,000 to HK$5,000 by HK$200 or HK$300HK$5,000 to HK$10,000 by HK$500HK$10,000 to HK$20,000 by HK$1,000HK$20,000 to HK$30,000 by HK$2,000

HK$30,000 to HK$50,000 by HK$2,000 or HK$3,000HK$50,000 to HK$100,000 by HK$5,000HK$100,000 to HK$ 200,000 by HK$10,000HK$200,000 to HK$300,000 by HK$20,000 HK$300,000 to HK$500,000 by HK$20,000 or HK$30,000HK$500,000 and up at Auctioneer’s discretion

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THE PHILATELIC COLLECTOR’S SERIES

MAY 16, 2015 | 1PM

HONG KONG

FEATURING

A Large Offering Of Imperial China Postal History

TERMS AND CONDITIONS FOR BUYERS These conditions set out the terms on which we (Spink China Limited of 4&5/F., Hua Fu Commercial Building, 111 Queen’s Road West, Hong Kong) contract with you (Buyer) either as agent on behalf of the Seller or as principal if we are the Seller. You should read these conditions carefully. 1 DEFINITIONS The following definitions in this condition apply in these conditions. Buyer’s Premium means the charge payable by you as a percentage of the Hammer Price, at the rates set out in clause 5.1 below; Certificate of Authenticity means a certificate issued by an Expert Committee confirming the authenticity of a Lot; Expert Committee means a committee of experts to whom a Lot may be sent for an extension in accordance with clause 3.4.3; Forgery means a Lot constituting an imitation originally conceived and executed as a whole with a fraudulent intention to deceive as to authorship, origin,

age, period, culture or source where the correct description as to such matters is not reflected by the description in the catalogue and which at the date of the auction had a value materially less than it would have had if it had been in accordance with the description in the catalogue. Accordingly, no Lot shall be capable of being a Forgery by reason of any damage and/or restoration work of any kind (including re-enamelling);

Hammer Price means the amount of the highest bid accepted by the auctioneer in relation to a Lot; Lot means any item deposited with us for sale at auction and, in particular, the item or items described against any lot number in any catalogue; Reserve the amount below which we agree with the Seller that the Lot cannot be sold; Seller means the owner of the Lot being sold by us; Spink Group Spink China Limited, Spink and Son Ltd, and our associated companies. 2 SPINK CHINA’S ROLE AS AGENT 2.1 All sales undertaken by us either at auction or privately are undertaken either as agent on behalf of the Seller or from time to time, as principal if we are the owner of the Lot. Please note that even if we are acting as agent on behalf of the Seller rather than as principal, we may have a financial interest in the Lot.

2.2 The contract for the sale of the Lot will be between you and the Seller. 3 BEFORE THE SALE 3.1 Examination of goods You are strongly advised to examine personally any goods in which you are interested, before the auction takes place. Condition reports are usually available on request. We provide no guarantee to you other than in relation to Forgeries, as set out in clause 5.10 of these Terms and Conditions. 3.2 Catalogue descriptions 3.2.1 Statements by us in the catalogue or condition report, or made orally or in writing elsewhere, regarding the authorship, origin, date, age, size, medium, attribution, genuineness, provenance, condition or estimated selling price of any Lot are merely statements of opinion, and are not to be relied on as statements of definitive fact. Catalogue and web illustrations are for guidance only, and should not be relied on either to determine the tone or colour of any item. No lot shall be rejected on the grounds of inaccurate reproduction. No lot illustrated in the catalogue and online shall be rejected on the grounds of cancellation, centring, margins, perforation or other characteristics apparent from the illustration. Catalogue illustrations are for guidance only, and should not be relied on either to determine the tone or colour of any item or to reveal imperfections. Estimates of the selling price should not be relied on as a statement that this price is either the price at which the Lot will sell or its value for any other purpose. 3.2.2 Many items are of an age or nature which precludes their being in perfect condition and some descriptions in the catalogue or given by way of condition report make reference to damage and/or restoration. We provide this information for guidance only and the absence of such a reference does not imply that an item is free from defects or restoration nor does a reference to particular defects imply the absence of any others. 3.2.3 Other than as set out in clause 5.8, and in the absence of fraud, neither the Seller nor we, nor any of our employees or agents, are responsible for the correctness of any statement as to the authorship, origin, date, age, attribution, genuineness or provenance of any Lot nor for any other errors of description or for any faults or defects in any Lot. Every person interested should exercise and rely on his own judgment as to such matters. 3.3 Your Responsibility You are responsible for satisfying yourself as to the condition of the goods and the matters referred to in the catalogue description. 3.4 Extensions – Stamps only 3.4.1 If you wish to obtain an expert opinion or Certificate of Authenticity on any Lot (other than a mixed lot or lot containing undescribed stamps) you must notify us in writing not less than forty-eight hours before the time fixed for the commencement of the first session of the auction. If accepted by us, such request shall have the same effect as notice of an intention to question the genuineness or description of the Lot for the purposes of clause 5.9 of these Terms and Conditions and the provisions of clause 5.9 shall apply accordingly.

3.4.2 Notice of a request for an expert opinion or Certificate of Authenticity must give the reason why such opinion is required and specify the identity of your proposed expert which will be subject to agreement by us. We reserve the right, at our discretion, to refuse a request for an expert opinion or Certificate of Authenticity including (without limitation) where the proposed expert is not known to us. 3.4.3 If we accept a request for an expert opinion or Certificate of Authenticity we will submit the Lot to the Expert Committee. You acknowledge and accept that the length of time taken by an Expert Committee to reach an opinion will vary depending on the circumstances and in any event is beyond our control. 3.4.4 We will not accept a request for an extension on account of condition. Any Lot described in the catalogue as having faults or defects may not be returned even if an expert opinion or Certificate of Authenticity cites other faults or defects not included in the catalogue description, other than in the case of a Forgery. 3.4.5 Should Spink China Limited accept a request for an extension under the foregoing provisions of this paragraph, the fact may be stated by the Auctioneer from the rostrum prior to the sale of the Lot. 3.4.6 It should be noted that any stamp accompanied by a Certificate of Authenticity is sold on the basis of that Certificate only and not on the basis of any other description or warranty as to authenticity. No request for an extension will be accepted on such a stamp and the return of such a stamp will not be accepted. 3.4.7 If you receive any correspondence from the Expert Committee in relation to the Lot, including but not limited to a Certificate of Authenticity, you must provide us with copies of such correspondence no later than 7 days after you receive such correspondence. 4 AT THE SALE 4.1 Refusal of admission Our sales usually take place on our own premises or premises over which we have control for the sale, and we have the right, exercisable at our complete discretion, to refuse admission to the premises or attendance at an auction. 4.2 Registration before bidding You must complete and sign a registration form and provide identification before making a bid at auction. Please be aware that we usually require buyers to undergo a credit check. If you have not bid successfully with Spink in the past, or you are registering with us for the first time, we reserve the right to require a deposit of up to 50% of the amount you intend to spend. Such deposit will be deducted from your invoice should you be successful. If you are unsuccessful at auction, your deposit will be returned by the same means it was paid to Spink. Some lots may be designated, prior to the auction, as “Premium lots”, which means a deposit may be required before placing a bid on the item for sale. Information will be posted on our website in such an event. 4.3 Bidding as Principal When making a bid (whether such bids are made in person or by way of telephone bids operated by Spink, commission or online or email bids), you will be deemed to be acting as principal and will be accepting personal liability, unless it has been agreed in writing, at the time of registration, that you are acting as agent on behalf of a third party buyer acceptable to us.

02/15

4.4 Commission Bids If you give us instructions to bid on your behalf, by using the form provided in our catalogues or via our website, we shall use reasonable endeavors to do so, provided these instructions are received not later than 24 hours before the auction. If we receive commission bids on a particular Lot for identical amounts, and at auction these bids are the highest bids for the Lot, it will be sold to the person whose bid was received first. Commission bids are undertaken subject to other commitments at the time of the sale, and the conduct of the auction may be such that we are unable to bid as requested. Since this is undertaken as a free service to prospective buyers on the terms stated, we cannot accept liability for failure to make a commission bid. You should therefore always attend personally if you wish to be certain of bidding. All commission bids should be sent to 4&5/F, Hua Fu Commercial Building, 111 Queen’s Road West, Hong Kong up till 24 hours prior to the sale. 4.5 On-line Bidding We offer internet services as a convenience to our clients. We will not be responsible for errors or failures to execute bids placed on the internet, including, without limitation, errors or failures caused by (i) a loss of internet connection by either party for whatever reason; (ii) a breakdown or problems with the online bidding software and/or (iii) a breakdown or problems with your internet connection, computer or system. Execution of on-line internet bids on www.spink.com and Spink Live is a free service undertaken subject to other commitments at the time of the auction and we do not accept liability for failing to execute an online internet bid or for errors or omissions in connection with this activity. Buyers who acquire lots on the-saleroom.com will have a fee of 3% on the hammer price added to their invoice for using this facility. 4.6 Telephone Bids If you make arrangements with us not less than 24 hours before the sale, we shall use reasonable endeavors to contact you to enable you to participate in bidding by telephone, but in no circumstances will we be liable to either the Seller or you as a result of failure to do so. 4.7 Currency Converter At some auctions, a currency converter will be operated, based on the one month forward rates of exchange quoted to us by Bank of China or any other appropriate rate determined by us, at opening on the date of the auction. Bidding will take place in a currency determined by us, which is usually Hong Kong dollars for auctions held in Hong Kong. The currency converter is not always reliable, and errors may occur beyond our control either in the accuracy of the Lot number displayed on the converter, or the foreign currency equivalent of Hong Kong dollar bids. We shall not be liable to you for any loss suffered as a result of you following the currency converter. 4.8 Video images At some auctions there will be a video screen. Mistakes may occur in its operation, and we cannot be liable to you regarding either the correspondence of the image to the Lot being sold or the quality of the image as a reproduction of the original. 4.9 Bidding Increments Bidding generally opens below the low estimate and advances in the following order although the auctioneer may vary the bidding increments during the course of the auction. The normal bidding increments are: HK$100 to HK$2,000 by HK$100 HK$2,000 to HK$3,000 by HK$200 HK$3,000 to HK$5,000 by HK$200 or HK$300 HK$5,000 to HK$10,000 by HK$500 HK$10,000 to HK$20,000 by HK$1,000 HK$20,000 to HK$30,000 by HK$2,000 HK$30,000 to HK$50,000 by HK$2,000 or HK$3,000 HK$50,000 to HK$100,000 by HK$5,000 HK$100,000 to HK$ 200,000 by HK$10,000 HK$200,000 to HK$300,000 by HK$20,000 HK$300,000 to HK$500,000 by HK$20,000 or HK$30,000 HK$500,000 and up at Auctioneer’s discretion 4.10 Bidding by the Spink Group 4.10.1 We reserve the right to bid on Lots on the Seller’s behalf up to the amount of the Reserve (if any), which will never be above the low estimate printed in the auction catalogue. 4.10.2 The Spink Group reserves the right to bid on and purchase Lots as principal. 4.11 The Auctioneer’s Discretion The auctioneer has the right at his absolute discretion to refuse any bid to advance the bidding in such manner as he may decide to withdraw or divide any Lot, to combine any two or more Lots and, in the case of error or dispute, to put an item up for bidding again.

4.12 Successful Bid Subject to the auctioneer’s discretion, the striking of his hammer marks the acceptance of the highest bid, provided always that such bid is higher than the Reserve (where applicable), and the conclusion of a contract for sale between you and the Seller. 4.13 After Sale Arrangements If you enter into any private sale agreements for any Lot with the Seller within 60 days of the auction, we, as exclusive agents of the Seller reserve the right to charge you the applicable Buyer’s Premium in accordance with these Terms and Conditions, and the seller a commission in accordance with the terms of the seller’s agreement. 4.14 Return of Lot 4.14.1 Once your bid has been accepted for a Lot then you are liable to pay for that Lot in accordance with these Terms and Conditions. If there are any problems with a Lot then you must notify us within 7 days of receipt of the Lot, specifying the nature of the problem. We may then request that the Lot is returned to us for inspection. Save as set out in clause 5.8, the cancellation of the sale of any Lot and the refund of the corresponding purchase price is entirely at our sole discretion. We will not normally exercise that discretion if the Lot is not received by us in the same condition that it was in at the auction date. 4.14.2 No lot may be returned on account of condition if the condition was stated by a third party grading company (including, but not limited to PCGS, NGC, ANACS, ICG, PMG, WBG). 5 AFTER THE AUCTION 5.1 Buyer’s Premium In addition to the Hammer Price, you must pay us the Buyer’s Premium at a rate of 20% of the final Hammer price of each lot, a fee of 3% on the hammer price total for using the-saleroom.com and a fee for paying by credit card. 5.2 Payment 5.2.1 You must provide us with your full name and permanent address and, if so requested, details of the bank from which any payments to us will be made. You must pay the full amount due on your invoice within seven days after the date of the sale. This applies even if you wish to export the Lot and an export license is (or may be) required. 5.2.2 You will not acquire title to the Lot until all amounts due to us have been paid in full. This includes instances where special arrangements were made for release of Lot prior to full settlement. 5.2.3 Payment should be made in Hong Kong Dollars by one of the following methods: (i) Direct bank transfer to our account details of which are set out on the invoice. All bank charges shall be met by you. Please ensure that your client number is noted on the transfer. (ii) By cheque or bank draft made payable to Spink China Limited. Please note that the processing charges for payments made by cheques or bank drafts drawn on a non-Hong Kong bank shall be met by you. Please ensure that the remittance slip printed at the bottom of the invoice is enclosed with your payment. (iii) By Visa or Mastercard. A fee of 3% will be applied. By American Express, a fee of 4% will be applied. We are not responsible for any foreign exchange losses or charges that you may incur in connection with such card payments. 5.2.4 Payments should be made by the registered buyer and not by third parties, unless it has been agreed at the time of registration that you are acting as an agent on behalf of a third party. 5.3 Notification We are not able to notify successful bidders by telephone. While Invoices are sent out by mail after the auction we do not accept responsibility for notifying you of the result of your bid. You are requested to contact us by telephone or in person as soon as possible after the auction to obtain details of the outcome of your bids to avoid incurring charges for late payment. 5.4 Collection, Packing and Handling of Purchases 5.4.1 Unless specifically agreed to the contrary, we shall retain lots purchased until all amounts due to us, or to the Spink Group, have been paid in full. Buyers will be required to pay for their lots when they wish to take possession of the same, which must be within 7 days of the date of the sale, unless prior arrangements have been made with Spink. Without prior agreement, lots will not be released until cleared funds are received with regard to payments made by cheque.

5.4.2 Lots may be collected from 4&5/F, Hua Fu Commercial Building, 111 Queen’s Road West, Hong Kong. In the event where a cheque or bank draft payable to Spink China Limited has been presented to us, unless we specifically agree to the contrary, no Lots shall be released before the cheque or bank draft has cleared where such funds have been credited into our bank account. 5.4.3 A purchased Lot shall be at your risk in all respects from the time of collection or the expiry of seven days from the date of sale, whichever is sooner, and neither Spink China Limited nor its employees nor agents shall thereafter be liable for any loss or damage of any kind, whether caused by negligence or otherwise, while any Lot is in or under their respective custody or control. 5.4.4 If required our shipping department may arrange shipment as your agent. Although we may suggest carriers if specifically requested, our suggestions are made on the basis of our general experience of such parties in the past and we are not responsible to any person to whom we have made a recommendation for the acts or omissions of the third parties concerned. 5.4.5 We shall use all reasonable endeavors to take care when handling and packing a purchased Lot but remind you that after seven days or from the time of collection, whichever is sooner, the Lot is entirely at your risk. 5.4.6 It is the responsibility of the Buyer to be aware of any Import Duties that may be incurred upon importation to the final destination. Spink will not accept return of any package in order to avoid these duties. The onus is also on the Buyer to be aware of any Customs import restrictions that prohibit the importation of certain collectibles. Spink will not accept return of the Lot(s) under these circumstances. Spink will not accept responsibility for Lot(s) seized or destroyed by Customs. 5.4.7 If the Buyer requires delivery of the Lot to an address other than the invoice address this will be carried out at the discretion of Spink. 5.5 Remedies for non-payment or failure to collect purchases 5.5.1 If you fail to make payment within seven days of your stipulated payment date set out in your invoice, we shall be entitled to exercise one or more of the following rights or remedies: 5.5.1.1 to charge interest at the rate of 2% per month compound interest, calculated on a daily basis, from the date the full amount is due; 5.5.1.2 to set off against any amounts which the Spink Group may owe you in any other transaction the outstanding amount remaining unpaid by you; 5.5.1.3 we may keep hold of all or some of your Lots or other property in the possession of the Spink Group until you have paid all the amounts you owe us or the Spink Group, even if the unpaid amounts do not relate to those Lots or other property. Following fourteen days’ notice to you of the amount outstanding and remaining unpaid, the Spink Group shall have the right to arrange the sale of such Lots or other property. We shall apply the proceeds in discharge of the amount outstanding to us, and pay any balance to you; 5.5.1.4 where several amounts are owed by you to the Spink Group in respect of different transactions, to apply any amount paid to discharge any amount owed in respect of any particular transaction, whether or not you so direct; 5.5.1.5 to reject at any future auction any bids made by you or on your behalf or obtain a deposit from you before accepting any bids. 5.5.2 If you fail to make payment within thirty-five days, we shall in addition be entitled: 5.5.2.1 to cancel the sale of the Lot or any other item sold to you at the same or any other auction; 5.5.2.2 to arrange a resale of the Lot, publicly or privately, and, if this results in a lower price being obtained, claim the balance from you together with all reasonable costs including a 20% seller’s commission, expenses, damages, legal fees, commissions and premiums of whatever kind associated with both sales or otherwise, incurred in connection with your failure to make payment; or 5.5.2.3 when reselling the Lot, place a notice in our catalogue stating that you successfully purchased the Lot at auction but have subsequently failed to pay the Hammer Price of the Lot; or 5.5.2.4 take any other appropriate action as we deem fit. 5.6 Failure to collect Where purchases are not collected within fourteen days after the sale, whether or not payment has been made, you will be required to pay a storage charge of HKD 30 per item per day plus any additional handling cost that may apply. You will not be entitled to collect the Lot until all outstanding charges are met, together with payment of all other amounts due to us.

5.7 Use of Default Information If you fail to make payment for a Lot in accordance with these Terms and Conditions 5.7.1 we reserve the right to refuse you the right to make bids for any future auction irrespective of whether previous defaults have been settled; and 5.7.2 you consent to us disclosing details of such default to other auctioneers and live bidding platforms, which will include your name, address, nature of the default and the date of the default. Auctioneers or live bidding platforms who receive details of the default may rely on such information when deciding whether to enter into a transaction with you in the future. 5.8 Export License 5.8.1 You should always check whether an export licence is required before exporting. 5.8.2 Unless otherwise agreed by us in writing, the fact that you wish to apply for an export license does not affect your obligation to make payment within seven days nor our right to charge interest on late payment. 5.8.3 We will not be obliged to rescind a sale nor to refund any interest or other expenses incurred by you where payment is made by you despite the fact that an export license is required. 5.9 Refund in the case of Forgery 5.9.1 A sale will be cancelled, and the amount paid refunded to you if a Lot (other than a miscellaneous item not described in the catalogue) sold by us proves to have been a Forgery. We shall not however be obliged to refund any amounts if either (a) the catalogue description or saleroom notice at the auction date corresponded to the generally accepted opinion of scholars or experts at that time, or fairly indicated that there was a conflict of opinions, or (b) it can be demonstrated that the Lot is a Forgery only by means of either a scientific process not generally accepted for use until after publication of the catalogue or a process which at the date of the auction was unreasonably expensive or impracticable or likely to have caused damage to the Lot. Furthermore, you should note that this refund can be obtained only if the following conditions are met: 5.9.1.1 you must notify us in writing, within seven days of the auction date, that in your view the Lot concerned is a forgery; 5.9.1.2 you must then return the item to us within fourteen days, in the same condition as at the auction date; and 5.9.1.3 as soon as possible following return of the Lot, you must produce evidence satisfactory to us that the Lot is a Forgery and that you are able to transfer good title to us, free from any third party claims. 5.9.1.4 you must provide to us all evidence obtained by you that a Lot is a Forgery no later than 7 days after you receive such evidence. 5.9.2 In no circumstances shall we be required to pay you any more than the amount paid by you for the Lot concerned and you shall have no claim for interest. 5.9.3 The benefit of this guarantee is not capable of being transferred, and is solely for the benefit of the person to whom the original invoice was made out by us in respect of the Lot when sold and who, since the sale, has remained the owner of the Lot without disposing of any interest in it to any third party. 5.9.4 We shall be entitled to rely on any scientific or other process to establish that the Lot is not a Forgery, whether or not such process was used or in use at the date of the auction. 6 LIABILITY Nothing in these Terms and Conditions limits or excludes our liability for: 6.1 death or personal injury resulting from negligence; or 6.2 any damage or liability incurred by you as a result of our fraud or fraudulent misrepresentation. 7 USE OF YOUR PERSONAL INFORMATION 7.1 We will use the personal information you provide to us to: 7.1.1 process the bids you make on Lots (whether successful or otherwise) and other auction related services we provide; 7.1.2 process your payment relating to a successful purchase of a Lot;

7.1.3 arrange for delivery of any Lot you purchase, which will include passing your details to shipping providers and, on overseas deliveries, to customs where they make enquiries regarding the Lot; 7.1.4 inform you about similar products or services that we provide, but you may stop receiving these at any time by contacting us. 7.2 In accordance with clause 4.2, you agree that we may pass your information to credit reference agencies and that they may keep a record of any search that they do. 7.3 In accordance with clause 5.11, you agree that where you default on making payment for a Lot in accordance with these terms and conditions we may disclose details of such default to other auctioneers and live bidding platforms. 7.4 We are also working closely with third parties (including, for example, other auctioneers and live bidding platforms) and may receive information about you from them. 8 COPYRIGHT 8.1 We shall have the right (on a non-exclusive basis) to photograph, video or otherwise produce an image of the Lot. All rights in such an image will belong to us, and we shall have the right to use it in whatever way we see fit. 8.2 The copyright in all images, illustrations and written material relating to a Lot is and shall remain at all times our property and we shall have the right to use it in whatever way we see fit. You shall not use or allow anyone else to use such images, illustrations or written material without our prior written consent. 9 NOTICES All notices given under these Terms and Conditions may be served personally, sent by 1st class post, or faxed to the address given to the sender by the other party. Any notice sent by post will be deemed to have been received on the second working day after posting or, if the addressee is overseas, on the fifth working day after posting. Any notice sent by fax or served personally will be deemed to be delivered on the first working day following dispatch. 10 ADDITIONAL PROVISIONS 10.1 Limitation of Liability Subject to clause 6, we shall not be liable, whether in tort (including for negligence) or breach of statutory duty, contract, misrepresentation or otherwise for any:

10.1.1 loss of profits, loss of business, depletion of goodwill and/or similar losses, loss of anticipated savings, loss of goods, loss of contract, loss of use, loss of corruption of data or information; or 10.1.2 any special, indirect, consequential or pure economic loss, costs, damages, charges or expenses. 10.2 Severability If any part of these Terms and Condition is found by any court to be invalid, illegal or unenforceable, that part may be discounted and the rest of the conditions shall continue to be valid and enforceable to the fullest extent permitted by law. 10.3 Force majeure We shall have no liability to you if we are prevented from, or delayed in performing, our obligations under these Terms and Conditions or from carrying on our business by acts, events, omissions or accidents beyond our reasonable control, including (without limitation) strikes, lock-outs or other industrial disputes (whether involving our workforce or the workforce of any other party), failure of a utility service or transport network, act of God, war, riot, civil commotion, malicious damage, compliance with any law or governmental order, rule, regulation or direction, accident, breakdown of plant or machinery, fire, flood, storm or default of suppliers or subcontractors. 10.4 Waiver 10.4.1 A waiver of any right under these Terms and Conditions is only effective if it is in writing and it applies only to the circumstances for which it is given. No failure or delay by a party in exercising any right or remedy under these Terms and Conditions or by law shall constitute a waiver of that (or any other) right or remedy, nor preclude or restrict its further exercise. No single or partial exercise of such right or remedy shall preclude or restrict the further exercise of that (or any other) right or remedy. 10.4.2 Unless specifically provided otherwise, rights arising under these Terms and Conditions are cumulative and do not exclude rights provided by law. 10.5 Law and Jurisdiction 10.5.1 These Terms and Conditions and any dispute or claim arising out of or in connection with them or their subject matter, shall be governed by, and construed in accordance with Hong Kong laws. 10.5.2 The parties irrevocably agree that the courts of Hong Kong shall have non-exclusive jurisdiction to settle any dispute or claim that arises out of, or in connection with, Terms and Conditions or their subject matter.

買受人條款及條件

該等條件列載了本公司（Spink China Limited, 註冊地址為香港皇后大道西 111號 4及 5樓）作為賣方代理或賣方本人與閣下（買受人）訂立合約之條款，閣下應仔細閱讀。

1. 釋義

本文所載的以下釋義適用於該等條件。

買受人酬金指閣下應根據以下第 5.1條所載之費率，按落槌價支付的百分比；

真實性證書指由專家委員會發放，用於證明拍賣品真實性的證書；

專家委員會指由可根據第 3.4.3條對送達的拍賣品進行評估的專家組成的委員會；

贗品指構成模仿的拍賣品。贗品以欺騙為目的進行整體構思及製作，用以混淆作者、來歷、年代、時期、文化或來源等正確描述並未反映於圖錄當中的內

容，且於拍賣日的價值遠不及符合圖錄說明者。因此，拍賣品概不因任何破壞／或任何類型的修復工作（包括重新上釉）而被列為贗品；

落槌價指拍賣師落槌决定將拍賣品售予買受人的價格；

拍賣品指交予本公司拍賣的物品，尤其指任何圖錄內編有任何編號而加以說明的物品；

保留價指本公司與賣方協定的拍賣品最低售價；

賣方指由本公司出售的拍賣品的所有人；

Spink Group 指 Spink China Limited、Spink and Son Limited、及本公司之聯營公司；

2 SPINK CHINA作為代理的角色

2.1 本公司將作為賣方代理或不時作為拍賣品所有人本人，以拍賣或私人方

式進行所有售。請注意，即使作為賣方代理而非本人，本公司亦可於拍

賣品擁有財務利益。

2.2 拍賣品的出售合約將在閣下與賣方之間釐定。

3 出售前事宜

3.1 物品檢查

強烈建議閣下在拍賣開始前，親自對感興趣的物品進行檢查。品相報告

可經申請獲得。本公司並不向閣下提供除贗品（載於本條款及條件第

5.10條）外的任何擔保。

3.2 圖錄說明

3.2.1 本公司於圖錄或品相報告中就拍賣品作者、來歷、日期、年代質

地、歸屬、真實性、出處、保存情況、品相或估價等所做之表述，

或者於他處所做的任何口頭或書面表述僅為意見，不可依賴為確

定事實。圖錄及網上說明僅作參考用途，不應作為釐定任何物品

的色調或顏色之依據。不得以圖錄及網上影像不符為由拒絕成交。

亦不得以圖錄及網上影像消失，出現越界、重心偏離、存孔洞等

為由拒絕交。售價之預估不應理解為有關該價格是拍賣品將要出

售之價格或其用作任何其他用途之價值之表述。

3.2.2 許多物品因年代或性質原因而無法評為品相完整，且圖錄或品相

報告所示的部份說明乃參考破損及／或修復情況而定。本公司提

供該資料僅作說明用途，缺少該等資料並不意味著物品不存在瑕

疵或未經復，或者特定瑕疵之參考資料意味著物品並不存在任何

其他瑕疵。

3.2.3 除第 5.8條所載者以及不存在欺詐的情況外，賣方、本公司或本

公司任何員工或代理概不就任何有關拍賣品作者、來歷、日期、

年代、歸屬、真實性或保存情況之表述的準確性，或者拍賣品的

任何其他說明錯誤或任何瑕疵承擔任何責任。本條款不含任何形

式的擔保。任何有興趣競價人士應以其自身判斷為準則。

3.3 閣下之責任

閣下有責任了解物品之品相以及圖錄說明中提述之事宜。

3.4 評估—僅限於郵票

3.4.1 倘閣下希望獲得任何拍賣（不包括混合拍賣品或包含未加說明的

郵票的拍賣品）的專家意見或真實性證書，閣下須在拍賣會第一

部份開始的預定時間前 48 小時內向本公司發出書面通知。倘本

公司接受，該等申請將具有與因本條款及條件第 5.9 條起見，對

拍賣品之真實性或說明提出質疑的意向通知書相同之效力，第

5.9條之條文將隨之生效。

3.4.2 申請提供專家意見或真實性證書之通知，說明需要該等意見之

原因以及閣下舉薦的專家（須經本公司同意）之身份。唯當(但不

限於)閣下舉薦的專家不為本公司所認識時, 本公司有權拒絕任何

提供專家意見或真實性證書之申請。

3.4.3 本公司將在接受提供專家意見或真實性證書之申請后，向專家委

員會提交相關拍賣品。閣下當理解並接受專家委員會評審所需之

時間當因情況而定。

3.4.4 本公司不接受以品相為由提出的評估申請。目錄已說明存在瑕疵

的任何拍賣品（即使專家意見或真實性證書列舉出未包含予目錄

說明的其他瑕疵）,除贗品以外,或不可退貨。

3.4.5 倘 Spink China Limited 根据本段的上述條文接受評估申請，相

關事實或由拍賣師於相關拍賣品出售前在拍賣台上聲明

3.4.6 請注意，對於隨附真實性證書的任何郵票，出售的基礎僅為相關

證書，而非任何其他相關的真實性說明或擔保。該等郵票不接受

任何評估申請，亦不接受退貨。

3.4.7 如果閣下從專家委員會收到任何關於拍賣品的信件(不限於真實性

證書)，您必須在收到信件後七天內向本公司提供該信件副本。

4 出售時之事宜

4.1 拒絕進入

本公司所舉辦之銷售活動常于本公司或經本公司管理之物業內進行, 本

公司有權酌情拒絕任何人參加拍賣活動或進入拍賣現場。

4.2 競投前登記

閣下須在拍賣會上競投前，憑有效身份明填寫並簽署一份登記表。請留

意，本公司一般會要求買受人接受信用審核。倘閣下從未于 Spink 成功

競買, 或是第一次於本公司登記，本公司有權向閣下收取不多於閣下欲

消費之金額的百分之五十為保證金。倘閣下成功競買, 此保證金將於發票

金額內扣除。倘閣下未能成功競買, 則此保證金將悉數以繳付時同樣方式

返還閣下。當某些拍賣品在拍賣會前被定義為“高估價拍賣品”時, 競買

人需要在拍賣開始前繳付保證金。“高估價拍賣品” 之資料會在拍賣會

前於本公司網站公佈。

4.3 本人競投

除非在登記時已通過書面協議協定，閣下為本公司可接受的第三方買受

人之代理，否則不管閣下以親身, 電話, 委託, 在線或電郵等何種型式競

投, 閣下將被視為競投人本人並承擔個人責任。

4.4 委託競投

倘閣下透過使用本公司圖錄提供的表格或登錄本公司網站向本公司下達

代閣下競投之指令，本公司將盡一切合理努力為閣下競投，惟該等指令

須在拍賣前 24小時之內被接獲。倘本公司獲委託以同等金額競投某件拍

賣品，且在拍賣過程中該競價為最高價，則該拍賣品將被售予競投指令

被首先接獲者。委託競投受銷售時的其他約定規限，且本公司可能無法

按閣下要求的方式競投。由於競投屬於根據已列明條款向潛在買受人提

供的無償服務，本公司不會就未能執行委託競投承擔責任。因此，倘閣

下希望保證競投的確定性，閣下應親自出席。所有委託競投應在出售前

24小時內寄往本公司。

4.5 在線競投

為方便客戶，本公司提供互聯網服務。本公司不會對網上競投產生的錯

誤或無法競投承擔責任，包括（但不限於）由

(i)各方因任何原因導致的網絡鏈接失敗；(ii)在線競投軟件出現故障或問

題及／或 (iii)閣下的網絡鏈接、電腦或系統出現故障或問題，所導致的

錯誤或失敗。執行在線網絡競投屬於無償服務，且受拍賣時的其他約定

規限，故本公司不會就未能執行在線網絡競投或與此相關的錯誤或紕漏

負責。對通過 the saleroom.com 成功競買之客戶, 本公司將額外收取落槌

價 3%手續費用。

4.6 電話競投

倘閣下在出售前 24小時之內與本公司訂立協議，本公司將盡一切合理努

力聯繫閣下以使閣下能通過電話參與競投，惟本公司在任何情況下概不

就未能聯繫到閣下進行電話競投向賣方或閣下承擔責任。

4.7 貨幣兌換工具

部份拍賣會會於拍賣當日運行貨幣兌換工具。該等工具以中國銀行向本

公司所報的 1 個月遠期匯率，或由本公司當天釐定的任何其他適用匯率

為基準。競投將按本公司釐定的貨幣結算，於香港舉行的拍賣通常以港

幣結算。然而，該貨幣兌換工具未必一定可靠，且在準確顯示拍賣品編

號或港幣競價的等值外幣方面，可能出現本公司無法控制之錯誤。本公

司概不就閣下因遵循該兌換工具而遭受的任何損失承擔責任。 02/15

4.8 視頻圖像

部份拍賣會將安裝顯示屏。顯示屏在運行時可能發生錯誤，惟本公司無

法就圖像與所出售拍賣品一致或作為原作復制品之圖像質量承擔責任。

4.9 競價階梯

開拍價一般低於估價下限，隨后按下列順序加價，惟拍賣師會在拍賣

過程中改變競價階梯。常見的競價階梯為：

100港元至 2,000港元, 每次增加 100港元

2,000港元至 3,000港元, 每次增加 200港元

3,000港元至 5,000港元, 每次增加 200／300港元

5,000港元至 10,000港元, 每次增加 500港元

10,000港元至 20,000港元, 每次增加 1,000港元

20,000港元至 30,000港元, 每次增加 2,000港元

30,000港元至 50,000港元, 每次增加 2,000/ 3,000港元

50,000港元至 100,000港元, 每次增加 5,000港元

100,000港元至 200,000港元, 每次增加 10,000港元

200,000港元至 300,000港元, 每次增加 20,000港元

300,000港元至 500,000港元, 每次增加 20,000/ 30,000港元

500,000港元至 1,000,000港元, 每次增加 50,000港元

4.10 由 Spink Group競投

4.10.1 本公司保留代表賣方以不超過保留價（永遠不會高於拍賣圖錄所

示之估價下限）金額（如有）之競價競投拍賣品之權利。

4.10.2 Spink Group保留本人競投及購買拍賣品之權利。

4.11 拍賣師之酌情權拍賣師可全權拒絕任何競投，並以其決定之方式撤銷或

分拆任何拍賣品、合併兩個（或以上）拍賣品以及在出現錯誤或爭議時

重新拍賣。

4.12 競投成功

倘競價總是高於保留價（如適用），拍賣師酌情落槌時即表示接受最高競

價以及閣下與賣方之間的銷售合約達成。

4.13 售後安排

倘閣下在拍賣後的 60日內就任何拍賣品與賣方訂立任何私人銷售協議，

本公司作為賣方的獨家代理，保留根據本條款及條件向閣下收取適用之

買受人酬金及根據賣方協議之條款向賣方收取佣金之權利。

4.14 退貨

當閣下的競價被接納並成功競投，閣下需根據本條款及條件支付相關貨

款及費用。若商品出現任何問題而閣下欲安排退貨，則閣下必須自收貨

起七天內聯絡本公司，清楚闡明問題之詳細，本公司或要求閣下將商品

送返以作檢查。根據第 5.8 條，是否取消銷售並退回該商品貨款將由本

公司酌情決定。一般而言，若閣下未能將與拍賣日品相相同的物品退還

予本公司，本公司將不接受顧客的退貨及退換。

5. 拍賣後事宜

5.1 買受人酬金

除落槌價外，閣下須按各拍賣品的最終落槌價向本公司支付 20%的買受

人酬金。若通過 the-saleroom.com 成功競買時落槌價之額外 3%手續費用，

以及以信用卡結帳時之額外行政費用。

5.2 付款

5.2.1 閣下須向本公司提供閣下之全名及固定地址，並在要求時提供向本

公司付款的銀行之詳情。閣下須在出售日期后的七日內全數支付發

票金額。本條文在閣下擬出口拍賣品，且需要（或可能需要）提供

出口許可證時仍然適用。

5.2.2 在未將所有應付款項全數支付予本公司之前，閣下將不會獲得拍賣

品之所有權，即使本公司已將拍賣品讓與閣下。

5.2.3 付款應按以下方式之一以港幣進行：

i. 由銀行直接匯至本公司賬戶，詳情載於發票。閣下將承擔所有

的銀行相關開支。請確保閣下之客戶編號已列於匯款單。

ii 使用支票或銀行匯票向 Spin China Limited 付款。請留意在非香

港銀行簽發支票或銀行匯票的手續費將由閣下承擔。請確保隨

附付印於發票底部的匯款憑條。

iii. 若使用 Visa 或萬事達咭付款，閣下須支付 3%的行政費; 若使用

美國運通信用咭付款，閣下須支付 4%的行政費。請留意所有美

國運通信用咭付款均將在本公司的倫敦辦事處以英鎊進行。本

公司對閣下

因使用信用咭付款而產生的任何外匯虧損或費用概不負責。

5.2.4 除登記時已為閣下作為第三方人士代理人之身份達成協定外，貨

款應由已登記之受買人而非第三方付。

5.3 通知

本公司無法以電話通知成功的競投方。儘管發票將在拍賣會結束后寄出，

惟本公司並不承擔將閣下之競投結果知會予閣下之責任。閣下應於拍賣

後盡早親身或致電聯絡本公司查詢閣下競投之結果，以免承擔因付款延

誤而產生之費用。

5.4 提貨

5.4.1 除非經特別指明，否則本公司（或 Spink Group）在收到全額付款

前之前將保留已出售拍賣品。買受人需於接收拍賣品時全數支付

所有費用，除非在拍賣前已與本公司達成特別協定，買受人需於

拍賣起七天內完成交易。拍賣品只於所有款項全數入賬後方能發

貨。

5.4.2 拍賣品可於拍賣會結束後在本公司領取。在向本公司出示以 Spink

China Limited為收款人的支票或銀行匯票時，除非本公司特別指明，

否則在支票或銀行匯票結清並將款項匯至本公司銀行賬戶前，本

公司仍將保留拍賣品。

5.4.3 閣下將自領取時間起或自出售當日起計的七天屆滿時(以兩者之較

早者為準），承擔拍賣品相關的任何風險；Spink China Limited及其

僱員及代理概不對拍賣品在其各自的保管或控制期間，由疏忽或

其他原因引起的任何丟失或破壞承擔責任。

5.4.4 如有需要，本公司之運輸部可作為代理人為閣下安排貨運。如經

特別申請，本公司亦會推薦承運商，惟該等推薦乃基於相關承運

商的整體過往經驗而作出，本公司不會就相關第三方的行本公司

將盡一切合理努力謹慎處理，但請緊記，為或遺漏向本公司作出

推薦的任何人負責。

5.4.5 裝卸和包裝商品時，自領取時間起或自出售當日起計的七天屆滿

時(以兩者之較早者為準)，與拍賣品相關的任何風險乃由閣下承擔。

5.4.6 買受人有責任瞭解商品被進口到最終目的地時，海關有可能就該

次進口徵收關稅。Spink 不接受以避免關稅為由要求返運。買受人

亦有責任理解各地海關有不同限制禁止某類收藏品進口。Spink 既

不就上述情況退貨,亦不就商品被海關沒收或銷毀負責。

5.4.7 若買受人要求商品被送到發票上列印的地址以外的地點， Spink將

酌情處理閣下的申請。

5.5 未能付款或提貨之補救措施

5.5. 1 倘閣下未能於發票規定日期結束後的七日內付款，本公司有權行

使以下一項或多項權利或補救措施：

5.5.1.1 自全額款項到期日起，以每日 2% 的月度複合利率計收利

息；

5.5.1.2 以閣下仍未支付的款項抵銷 Spink Group 在任何其他交易中

結欠閣下之款項；

5.5.1.3 本公司或令 Spink Group 扣留閣下的所有或部份拍賣品或其

他財物，直至閣下結清拖欠本公司或 Spink Group 的所有款

項，即使欠款與該等拍賣品或其他財物無關。在本公司發

出催繳欠款通知的 14日後，Spink Group有權出售該等拍賣

品或其他財物。本公司會將所得款項用於結清閣下拖欠本

公司之款項，餘額將退還予閣下；

5.5.1.4 不論閣下是否同意，倘閣下因不同交易而拖欠 Spink Group

數筆款項，已付款將用於償付任何特定交易之欠款；

5.5.1.5 在未來的拍賣會上拒絕接受閣下作出或代閣下作出的任何

競投，或在接受閣下的競投前收取保證金。

5.5.2 倘閣下未能在 35日內付款，本公司還有權：

5.5.2.1 撤銷在同一或其他拍賣會上出售予閣下的拍賣品或任何其

他物品；

5.5.2.2 重新安排公開或私下出售拍賣品，倘售價低於原先的價格，

本公司將向閣下追償餘款及所有合理開支，包括 20%的賣

方佣金、費用、賠償、訴訟費、酬金以及各類出售相關費

用或因閣下未能付款而引發的其他費用；或

5.5.2.3當拍賣品重新拍賣，在拍賣目錄刊出閣下為前成功競投者，

但未能付款；或

5.5.2.4 採取其他本公司認為合適的行動。

5.6 未能提貨

倘貨物於出售後 14 日內仍未領取（無論是否已經付款），閣下須按每件

貨物每日 30港元之費率支付儲存費，外加任何

可能適用的處理費。在結清所有費用以及拖欠本公司的任何其他款項之

前，閣下無權領取拍賣品。

5.7 壞賬記錄

倘若閣下未能根據本條款及條件支付任何拍賣品

5.7.1 無論欠款已償還與否，本公司有權拒絕閣下繼續參與任何本公司

舉辦的拍賣會; 並

5.7.2 閣下同意本公司向其他拍賣公司或網絡競投平臺披露閣下的壞賬

記錄,當中包括閣下姓名、住址、結欠性質和欠款日期。拍賣公司

或其他網絡競投平臺將根據有關的壞賬記錄決定是否接受閣下的

競投。

5.8 出口許可證

5.8.1 貨物出口前，閣下須檢查是否需要出口許可證。

5.8.2 除非經本公司書面批準，否則申請出口許可證不會對閣下於 7 日

內本公司付款之責任，以及本公司向閣下收取延期付款的利息之

權利產生影響。

5.8.3 除非經本公司書面批準，否則申請出口許可證不會對閣下於 7 日

內本公司付款之責任，以及本公司向閣下收取延期付款的利息之

權利產生影響。本公司無撤銷出售，或者退還閣下付款之利息或

期間觸發的其他開支(即使需申請出口許可證)之責任。

5.9 贗品之退款

5.9.1 倘本公司出售之拍賣品（而非圖錄中並無說明的混合物品）被證

實為贗品，本公司將撤銷出售並向閣下退還閣下已支付之款項。

在下列任何情況下，本公司概不負責退還任何款項 (a）倘拍賣日

之圖錄說明或展廳通告符合當時學者或專家普遍接受的意見，或

已清楚表明此類意見有爭議；或（b）只能用科學方法證明該拍賣

品為贋品，而該科學方法是在拍賣品圖錄出版後才被普遍使用；

或僅能用某種方法證明該拍賣品為贋品，而該種方法的使用費用

昂貴、不合實際或可能對拍賣品造成損害。此外，閣下應注意，

滿足下述條件後方可獲得退款：

5.9.1.1 閣下須於拍賣日起計的七日內書面通知本公司閣下認為相

關拍賣品為贗品；

5.9.1.2 閣下須於十四日內將與拍賣日品相相同的物品退還予本公

司；及

5.9.1.3 退還拍賣品後，閣下須盡快提供符合本公司要求的證

據，以證明相關拍賣品為贗品以及閣下有能力在免於任

何第三方申索的情況下，將物品所有權轉讓予本公司。

5.9.1.4 閣下須在取得證據後七日內向本公司提供該等證據，以證

明相關拍賣品為贋品。

5.9.2 在任何情況下，閣下要求本公司就相關拍賣品向閣下支付的金額

不得超過閣下實際支付的金額，且閣下無權要求支付利息。

5.9.3 本擔保之利益不能轉讓，且僅面向本公司於相關拍賣品出售時向

其開立原始發票，以及出售後一直為相關拍賣品之所有人，且無

向任何第三方出售該拍賣品任何權益之人士。

5.9.4 本公司有權依賴任何科學方法或其他方法證明相關拍賣品非贗品，

不論該方法於拍賣日是否已經使用或正在使用。

6 責任

此項免責聲明不會在任何方面免除或限制該等責任:

6.1 因本公司的疏忽所產生的人身傷亡; 或

6.2 因本公司的欺詐行為或失實陳述而產生的任何損害或責任。

7 收集個人資料之用途 7.1 閣下提供的個人資料將會用於：

7.1.1 競投拍賣品(無論成功與否)和其他本公司提供的拍賣相關服務；;

7.1.2 支付成功競取的拍賣品；

7.1.3 寄送拍賣品；當相關機構（包括速遞公司、海關）向本公司查詢

有關拍賣品的事宜，閣下的個人資料將會被適度披露；;

7.1.4 通知閣下有關本公司提供的相關產品和服務，閣下可以隨時通知

本公司取消相關服務。

7.2 根據條款4.2，閣下同意本公司向信貸資料營運商披露您的個人資料，它

們可能保留相關記錄.

7.3 根據條款5.11，倘若閣下拖欠本公司任何款項而拒絕付款，您同意本公

司向其他拍賣公司或網絡競投平台披露有關的壞賬信息。

7.4 本公司亦將與第三方（包括其他拍賣公司或網絡競投平台等）保持緊密

聯繫，並可能向它們收集有關閣下的資料。

8 版權

8.1 本公司有權（根據非專有基準）對拍賣品進行拍照、拍攝或以其他方法

製作相關拍賣品之影像。該等影像相關的所有權利均歸本公司所有，本

公司有權以本公司認為恰當之任何方式使用該權利。

8.2 本公司擁有並始終擁有拍賣品相關的所有影像、插圖以及書面材料之版

權，並有權以本公司認為恰當的任何方式使用該版權。未事先徵得本公

司書面批準之前，閣下不得使用或允許任何他人使用該等影像、插圖以

及書面材料。

9 通告

根據本條款及條件發出的所有通告將由專人以一等郵件郵寄或傳真至由另一方

向寄件人提供的地址。任何通過郵寄發出的通告將被視為已於郵寄後的第二個

工作日收取；倘地址位於海外，則為郵寄後的第五個工作日。任何傳真或由專

人送達之通告將被視為已於發出後首個工作日到達。

10 附加條文

10.1 不管是否涉及侵權行為（包括過失），違反法定義務，合同失實陳述，或

其他原因, 本公司一概不承擔以下責任：

10.1.1 利潤損失，業務損失，商譽損毁和/或類似的損失，失去預期積

蓄，貨物，合同，使用權，數據或信息; 或

10.1.2 任何特殊，間接，連帶或純經濟損失，成本，損害，費用或開

支。

10.2 可分割性

倘本條款及條件的任何部份被任何法庭視為無效、不合法或不可强制執

行，其他部份則在法律允許的範圍內維持有效，各方須遵守執行。

10.3 不可抗力

倘本公司因行動、事件、不作為或本公司無法控制之事故，包括（但不

限於）罷工、閉廠或其他行業糾紛（不論是否涉及本公司員工或任何其

他方員工）、公共服務或運輸網絡癱瘓、天災、戰爭、暴動、內亂、惡意

損壞、遵守任何法律或政府命令、規定或指示、事故、廠房或機械故障、

火災、洪災、風暴或供應商或分包商違約而無法履行或遞延履行本公司

根據本條款及條件所承擔之責任或無法繼續營業，本公司對閣下不承擔

任何責任。

10.4 豁免權利

10.4.1 本條款及條件規定的任何權利之豁免僅在其以書面形式列載，

並僅適用於所列情況時方為有效。一方未能行使或延遲行使本

條款及條件或法律所規定的任何權利或補救措施，不構成該等

(或任何其他）權利或補救措施之豁免，亦不排除或限制進一步

行使相關權利或補救措施。行使單項或部份該等權利或補救措

施並不排除或限制該等（或任何其他）權利或補救措施的進一

步行使。

10.4.2 除另有說明外，本條款及條件產生之權利乃為累積，且不排除

法律所規定之權利。

10.5 法律及司法管轄區

10.5.1 本條款及條件以及任何因其或其客體產生或與之相關的任何糾

紛或申索，將受香港法律規限，并根據香港法律解釋。

10.5.2 各方同意，香港法院擁有解決任何因本條款及條件或其客體產

生，或與之有關的糾紛或申索的非專有司法管轄。

10.6 本條款及條件以英文版本為准

該等條款及條件的英文版本與中文版本之間若有歧義之處，概以英文版

本為准。

SALE CALENDAR 2015/ 2016

STAMPS16 April The Neville Polakow FRPSL Collection of Northern Rhodesia London 15022

16 May Gems of Chinese Imperial Post in Taiwan Hong Kong CSS16

16 May The Philatelic Collector's Series Sale Hong Kong CSS12

19 May Western Australia from the Vestey Collection London 15024

20 May Swaziland, The Award-Winning Collection formed by Peter van der Molen, RDPSA, FRPSL London 15035

20/21/22 May The Philatelic Collector's Series Sale London 15023

June The Philatelic Collector's Series Sale New York 151

15/16 July The Philatelic Collector's Series Sale London 15026

July Postal History and Historical Documents London 15037

17/18 August Stamps and Covers of South East Asia sale during the International Exhibition Singapore 15027

26 September The Philatelic Collector's Series Sale Hong Kong CSS14

COINS14 May The Slaney Collection of English Coins - Part 2 London 15031

3/4 June The Numismatic Collector's Series Sale New York 322

1/2 July Ancient, British & Foreign Coins and Commemorative Medals London 15005

27 August The Numismatic Collector's Series Sale Hong Kong CSS17

22/23 September Ancient, British & Foreign Coins and Commemorative Medals London 15006

14 November The Numismatic Collector's Series Sale Hong Kong CSS19

2/3 December Ancient, British & Foreign Coins and Commemorative Medals London 15007

BANKNOTES28 April Queen Elizabeth II: A Banknote Collection London 15033

28 April The Michael Jowett Collection of African Banknotes London 15032

29 April The Uncirculated Collection London 15034

29/30 April World Banknotes London 15008

6 May British Banknotes London 15036


8/9 July World Banknotes London 15028


29/30 September World Banknotes London 15009

1 October World Banknotes London 15009


MEDALS23 April Orders, Decoration, Campaign Medals & Militaria London 15001

23 July Orders, Decoration, Campaign Medals & Militaria London 15002

19 November Orders, Decoration, Campaign Medals & Militaria London 15003

BONDS & SHARES29 May Bonds & Share Certificates of the World London 15018




27 November Bonds & Share Certificates of the World London 15019

AUTOGRAPHSJuly Postal History and Historical Documents London 15037

WINES23 April Great Whiskies, Cognacs and Wine Hong Kong SFW13

25 June Spink Fine Wine Auction Hong Kong SFW14

14 August Spink Fine Wine Auction Singapore SFW15

17 September Spink Fine Wine Auction Hong Kong SFW16

10 December Spink Fine Wine Auction Hong Kong SFW17

15 January 2016 Spink Fine Wine Auction Hong Kong SFW18

The above sale dates are subject to change.____________________________

Spink offers the following services:Valuation for insurance and probate for individual items or whole collections.

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大清臺灣珍郵

16 MAY 2015

HONG KONG



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