JANUARY 17, 2014 - HONG KONG

AN EVENING OF EXCEPTIONAL WINES & SPIRITS 17 January 2014 in Hong Kong and on or Sale Location

YOUR SPINK TEAM FOR THIS SALE

SPINK CHINA

FOR YOUR QUESTIONS ABOUT THE SALE LOTS

9/F Malaysian Consulate Building

Guillaume Willk-Fabia [email protected] +65 6339 8801

50 Gloucester Road Wanchai Hong Kong

Anna Lee [email protected] +852 25 300 100

Tel +852 2530 0100 Fax +852 2526 6128

Sale Details

AUCTION TEAM FOR YOUR BIDS, SALE RESULTS AND CATALOGUE REQUESTS

. PM Friday 17 January 2014 - lots 1- 248 at 6.00

Amy Yung [email protected] +852 25 300 100

In sending commission bids or making enquiries, this sale should be referred to as SFW04

Newton Tsang [email protected] +852 25 300 100 Raymond Tat [email protected] +852 25 300 100 Angie Ihlofung [email protected] +852 25 300 100

Use this QR code to visit our online catalogue and leave proxy bids on Spink Live. You can download the QR Code Reader for iPhone, Blackberry and Android from App Store on your smartphone.

FOR YOUR INTERNET BIDDING

Newton Tsang [email protected] +852 25 300 100

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sales and sales results visit the Spink Website

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AN EVENING OF EXCEPTIONAL WINES & SPIRITS

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. 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: Bank of China (Hong Kong) Limited Account No.: 01287500470625 SWIFT code: BKCHHKHHXXX Bank address: Bank of China Tower, 1 Garden 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 25 300 100 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 25 300 100 or [email protected].

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JANUARY 17, 2014 - HONG KONG

Level for Wines

HF IN BN VTS TS HS MS LMS LS

Levels for Bordeaux Bottles

Levels for Bordeaux Bottles

Levels for Burgundy Bottles

HF - High Fill The level for young wines or older bottles recorked at the Chateau. HF standard - High Fill The share of Burgundy bottles does not allow for a level IN - Into Neck level for young wines or older bottles The standard system based on the shoulder of the bottle; levels are Perfect level for a wine of any age. Indicates very good storage conditions. Outstanding level forbelow a wine years of age or older. recorked at the Chateau. described in terms of centimeters the10cork. BN Base of Neck IN - Into Neck Generally, Burgundy bottles with a fill level of 2.5cm or Good level forfor a wine of any age.age. ForIndicates wines 10very yearsgood of age orabove older,are indicates perfect storage Perfect level a wine of any considered normal for conditions. wines younger than 10 VTS – Very Top Shoulder storage conditions. Outstanding level for a wine 10 years years of age. Wines more than 15 years old of age with Acceptable level for red Bordeaux wines around 20 years old.fill levels of between 4cm to 6cm are generally considof age or older. TS Shoulder BN– -Top Base of Neck ered to be sound provenance, though consideration Normal for any old For or older. Good level for aclaret wine15 ofyears any age. wines 10 years of should be given to the clarity and colour of the wine in HS High Shoulder age–or older, indicates perfect storage conditions. the bottle, as well as the condition of the cork. Acceptable wine over 25 years old. Good for wine over 40Burgundy years old.bottles with fill levels lower than 6cm may be VTS – Veryfor Top Shoulder MS – Mid Shoulder Acceptable level for red Bordeaux wines around 20 at risk of being damaged or undrinkable. Not unusual years old. for wines over 40 years old. Could indicate early signs of cork failure. LMS – Low-Mid-Shoulder TS – Top Shoulder < 2 cm considered an excellent fill for any age Usually deterioration Normalindicates for any claret 15 years of oldthe or cork. older. < 3 cm a perfectly normal fill for wines 10 years of age LSShoulder HSLow – High Shoulder or older. It is an excellent fill level for wines 25 years of May indicatefor poor storage and possibly undrinkable wine. Acceptable wine over condition 25 years old. Good foranwine age or older.

over 40 years old. < 4 cm considered a normal fill for wines more than 20 Levels for Burgundy MS – Mid ShoulderBottles years of age and excellent for wine more than 35 years of Not unusual for wines over 40 years old. Could indicate age. The bottles does not allow for a level system on hand, the shoulder thethebottle; are described in terms of centimeters earlyshare signsofofBurgundy cork failure. On based the other it shouldofbe causelevels for concern in below cork. LMS –the Low-Mid-Shoulder wines 15 years and younger. Generally, Burgundy bottles with fill cork. level of 2.5cm or above