I teach real estate pre-licensing, post-licensing, continuing educaiton and exam preparation classes for Hondros College. In thos classes, students often ask what the csotmary commission is for selling real proprety; additionally, they sometimes ask what I charge to sell real property at auction.
As I’ve recently quoted otherwise on this platform, “In common law legal systems, a precedent or authority is a legal case that establishes a principle or rule. This principle or rule is then used by the court or other judicial bodies use when deciding later cases with similar issues or facts … The Latin term stare decisis is the doctrine of legal precedent.”
Today we explore an idea … let’s say we auctioneers start selling property “as-is” (caveat emptor) with absolutely no preview opportunities and worse yet conceal material facts.
Of course, caveat emptor is the principle that the buyer alone is responsible for checking the quality and suitability of goods before a purchase is made. So, with no preview opportunity how does he do that?
The Shah Alam Biennale is an event organised by Tapak Gallery that runs from Oct 6 to 10 2018. Centered around the capital of Selangor, the event will include participants from 15 countries across Europe and Asia. The 'biennale' will be held at various venues where workshops and forums will be conducted.
Participating countries are America, Brunei, Canada, China, Columbia, Czech Republic, Germany, Italy, Indonesia, Japan, Kazakhstan, Norway, Pakistan, Singapore and Vietnam.
In the foreword of the book, The Edge Media Group Publisher and CEO Ho Kay Tat points out that the idea for this publication came from the group chairman Datuk Tong Kooi Ong, who suggested that some form of price benchmarks for Southeast Asian art should be available for collectors could refer to.
“The concept was for a listing that we are happy with and which we could publish and stand by,” says Tong.
The list of records would become a reference, thereby making the local art industry more transparent.
Zao Wou-Ki's “largest-ever [work]” will highlight Sotheby’s Modern Art Evening sale on Sept 30 2018 in Hong Kong. Measuring 10 metres long and 2.8 metres in height, this monumental and exceedingly rare triptych was commissioned personally by celebrated architect I. M. Pei for Raffles City in Singapore. Titled, Juin-Octobre 1985, it is expected to fetch in excess of HK$350 million ($45 million), a world auction record for the Zao Wou-Ki,” quotes a text on Sotheby’s website.
The Birth of a Masterpiece
It may not be a popular stance with politicians and investors but senior artist Fauzan Omar’s enduring concern about the adverse impact of large-scale clearing of our rainforests – lately, for planting Musang King durian trees – has culminated in a show of protest with his solo, Bracing the Heat.
Looking at senior artist Fazuan Omar’s career spanning more than three decades, it is evident that he loves to paint nature.
Phillips Auctioneers’ inaugural Day Sale of 20th Century & Contemporary Art and Design takes place in Hong Kong on Nov 26 2018 at the Mandarin Oriental.
A press release from Phillips touts the auction as featuring some 100 items comprised of editions, photography, and Danish and Italian design pieces.