Important Rare & Fine Wine Auction

IMPORTANCE OF TERMS Please take the time to read the following set of terms and conditions for the auction. By obtaining a Bidder Number, you acknowledge that you have read and agree to these terms and conditions. ONLINE BIDDER RESPONSIBILITIES Bidder agrees to keep its username and password confidential, as Bidder is responsible for any and all activity, bids, and purchases involving Bidder's account. CONDITIONS Leland Little Auctions, Ltd. has endeavored to accurately describe the items being sold, but all property offered for sale is strictly "as - is" "where - is" with all faults. All sales are final and no refunds are given. The sales records and recordings shall be conclusive. It is the bidder's responsibility to determine the exact condition/authenticity of each item. No statement in this catalogue or by representatives of LLA, Ltd. shall be considered as a warranty or assumption of liability. Written and oral descriptions given by LLA, Ltd. staff members are given as a courtesy to a client, are only an opinion, and should not be considered as a guarantee of age, composition, or authenticity. The absence of a condition statement does not imply that the lot is in perfect condition or completely free from wear and tear or imperfections. By bidding, you signify that you have either closely examined the items, have chosen not to examine them, or have hired an independent agent to examine the item(s) for you. Condition reports are available via the online catalog or by contacting the LLA, Ltd. office. The online catalogue including full descriptions, condition reports, dimensions, and multiple images for each lot is available at www.lelandlittle.com. BUYER'S PREMIUM Bidding is available by live in-house bidding, absentee and telephone bidding on LelandLittle.com with an 18% buyer's premium. Live internet bidding is available with a 23% buyer's premium. AUCTIONEER Leland J. Little, NCAL#6139; NCFL#7452. The auctioneer always reserves the right to withdraw a lot for any reason he deems appropriate, including any lots that may have a reserve, or if there is a lack of bidding interest or lack of appropriate bids. LLA, Ltd. shall have the right to withdraw any item at any time for any reason and to default any sale in the event of an error or dispute. BIDDING All registered bidders may bid in-person at the live auction held at Leland Little Auctions. Absentee bidding can be conducted at LelandLittle.com. Each lot will close for online absentee bidding four lots before it approaches the auctioneer's podium. Phone bidding can be arranged at LelandLittle.com up to one (1) hour before the start of the live auction for domestic US bidders. International bidders must arrange phone bidding no later than 5PM the day prior to the auction. No additional phone bids can be accepted after this time, including additions when speaking with a staff person on the phone. Once a phone bid has been placed, contact numbers cannot be changed. International bidders are responsible for entering appropriate country code and phone number. All domestic US bids must be secured with a credit card number. International bidders must satisfy pre-auction requirements prior to completing bid registration and may contact the front office for assistance. All absentee bids will be executed in a fair, competitive and confidential manner. While every effort is made to execute and honor absentee and phone bids, LLA, Ltd. is not responsible for failure to execute a bid and is not liable for any losses incurred as a result of failure to execute absentee bids or failed phone reservations. All bids are time stamped. In case of identical bids, the first bid received will take precedence. Where appropriate, bids will be rounded down to the nearest amount consistent with the auctioneer?s bidding increments. NOTE: It is the bidder?s responsibility to accurately record Lot Number, Bid Amount or Telephone Number on any bids submitted. LLA, Ltd. assumes no responsibility or liability in the event a bidder fails to do so. Leaving a telephone bid indicates the bidder is willing to open the bidding at $100. Bids cannot be submitted, altered, or cancelled via voicemail. LIVE INTERNET BIDS Live internet bidding is available during the auction. Current bids on the internet will be executed on your behalf during the auction. LLA, Ltd. cannot be held liable for live internet bids that are not sent, received, or executed by the administrator. If you are bidding live, real-time on-line, please bid quickly because there is a time delay in receiving live bids. OWNERSHIP Item ownership is conveyed immediately following the fall of the Auctioneer's hammer. While we try to handle and store items with great care, LLA, Ltd. will have no liability for any loss or damage to an item after the hammer has fallen. LLA, Ltd. is not liable for any damages incurred if assistance with loading is requested. Buyers are welcome to hire a professional shipping or moving company to assist with loading, packing, or shipping. LOADING Loading purchased items is the responsibility of the buyer. LLA, Ltd. will, as a courtesy, assist with the loading following the sale, but this is done at the risk and responsibility of the buyer. Buyers who wish to arrange their own labor may contact the front office to schedule a time during normal business hours. LLA, Ltd. will have no liability for any damage while providing loading assistance. STORAGE Unless prior arrangements are made, pick-up within 30 working days of the auction is requested. Wine may be stored short-term free-of-charge in climate-controlled conditions for later shipment during cooler temperatures. ABANDONED PROPERTY Unless prior arrangements have been made, any lot(s) remaining at the LLA, Ltd. auction gallery more than 90 calendar days after the auction purchase date will be considered abandoned and no refunds will be given.  LLA, Ltd. is not obligated to notify the winning bidder of the abandoned lot(s). DISPUTES Any and all disputes resulting or arising in connection with this auction shall be heard in the General Court of Justice of Orange County, North Carolina as the sole and exclusive venue. LEGAL INTERPRETATIONS This document will be interpreted by the laws of the State of North Carolina and by the United States Code.