Fine Photographs, Prints and Posters

The property described in this catalogue, as amended by any posted notices or oral announcements during the sale, will be sold by Philips Auction House (Philips) as agent for various owners (the consignors). These Terms and Conditions of Sale and Advice to Prospective Bidders set forth elsewhere in the catalogue are the complete and only terms and conditions on which all property is offered for sale. By bidding at auction (whether present in person or by agent, by written or telephone bid, or by any other means) the buyer agrees to be bound by these Terms and Conditions of Sale. 1. The authenticity of property listed in this catalogue is not covered under warranty and is sold 'as is.' Neither Philips nor the Consignor makes any warranties or representations of any kind or nature with respect to the property or its value, and in no event shall they be responsible for correctness of description, genuineness, attribution, provenance, authenticity, authorship, completeness, condition of the property or estimate of value. No statement (written or implied) in the catalogue, at the sale, or elsewhere shall be deemed such a warranty or representation, or any assumption of responsibility. 2. All bids are to be per lot as numbered in the catalogue. 3. Neither Philips nor the Consignor makes any representation that the purchaser of manuscript material, photographs, prints, or works of art will acquire any copyright or reproduction rights thereto. 4. Philips reserves the right to (a) withdraw any property at any time before its actual final sale, including during the bidding, and (b) to refuse any bid from any bidder. The auctioneer is the sole judge as to the amount to be advanced by each succeeding bid. 5. Any right of the purchaser under this agreement or under the law shall not be assignable and shall be enforceable only by the original purchaser and not by any subsequent owner or any person who shall subsequently acquire any interest. No purchaser shall be entitled to any remedy, relief or damages of any kind. 6. The highest bidder acknowledged by the auctioneer shall be the purchaser. In the event of any dispute between bidders, the auctioneer shall have the absolute discretion either to determine the successful bidder or to re-offer and resell the lot in dispute. If any dispute arises after the sale, Philips sales records shall be conclusive as to the purchaser, amount of highest bid, and in all other respects. 7. The purchase price paid by a purchaser shall be the sum of the final bid and a buyer's premium of the final bid on each lot ('the Buyer's Premium'), plus all applicable sales tax. The Buyer's Premium is as follows: 18% for floor, absentee and telephone bids and 21% for online and internet bids. 8. On the fall of the auctioneer's hammer, title to the offered lot or article will pass to the highest acknowledged bidder, who thereupon (a) immediately assumes full risk and responsibility therefor, (b) will immediately sign a confirmation of the purchase therefor, setting forth his name and address, and (c) will immediately pay the full purchase price therefor. If the foregoing conditions or any other applicable conditions herein are not complied with in addition to other remedies available to Philips and the Consignor by law (including without limitation the right to hold the purchaser liable for the bid price), Philips, at its option, may either (a) cancel the sale, retaining as liquidated damages all payments made by the purchaser, or (b) resell the property, either publicly or privately, for the account and risk of the purchaser, and in such event the purchaser shall be liable for the payment of all deficiencies plus all costs, including warehousing, the expenses of both sales, and Philips commission at its regular rates and all other charges due hereunder. Philips may also impose a late charge of 1.5% for every week (or the highest rate allowed under applicable law, whichever is lower) on any amounts unpaid. After sixty (60) days, the unpaid for item is eligible to be re-auctioned or sold unless prior arrangements have been made. 9. All property shall be removed from Philips by the purchaser at his expense no later than thirty (30) days following its sale, and if not so removed may, at Philips option, be sent by Philips to a public warehouse at the account, risk and expense of the purchaser. Whether sent to a warehouse or stored by Philips, the purchaser shall be liable for all actual expenses incurred plus a storage charge of 5% of the purchase price. 10. All lots offered in this sale (Sale Number 12309) are the property of the owner of Philips Auction House, however, the auctioneer nor Philips' employees have direct or indirect interest in the items. Under no circumstances may Philips, its employees or affiliates bid upon or buy back property. 11. Except as may be otherwise expressly provided herein, any and all claims of a purchaser shall be deemed to be waived and without validity unless delivered in writing by registered mail return receipt requested to Philips within ten (10) days of the date of sale. 12. The rights and obligations of the parties shall be governed by the laws of the Commonwealth of Massachusetts. All bidders and the purchaser submit to the personal jurisdiction of the Commonwealth of Massachusetts and their rules and procedures in the event of any dispute. 13. No waiver or alteration of any of these Terms and Conditions, the Advice to Prospective Bidders, the estimates, or any other matter whatever (whether made by the auctioneer, Consignor or any representative of Philips) shall be effective unless it is in writing and signed by a representative of Philips. ADVICE TO PROSPECTIVE BIDDERS 1. All property is sold subject to this advice and the Terms and Conditions printed in the catalogue. 2. INSPECTION OF PROPERTY. Prospective bidders or their agents should inspect property prior to the auction. Philips staff are available to advise prospective bidders at all pre-sale exhibitions, by appointment and via written request. 3. BUYER'S PREMIUM. The purchase price payable on any lot purchased will be the total of the final bid plus the Buyer's Premium as defined in the Terms and Conditions, plus all applicable sales taxes. 4. SALES TAX. All items purchased are subject to payment of the Commonwealth of Massachusetts sales tax of 6.25% on the total purchase price (final bid plus the Buyer's Premium as defined in the Terms of Conditions) unless the purchaser presents proof of exemption therefrom. An exempt purchaser must provide a properly completed Commonwealth of Massachusetts Resale Certificate (Form ST-4) evidencing possession of a valid Commonwealth of Massachusetts Resale or, for non-Massachusetts businesses, the equivalent resale authorization from another locale. Purchases will not be released unless all sales tax requirements are satisfied. 5. BIDDING INCREMENTS: $10 up to $99; then $25 to $499; $50 to $999; $100 to $2999; $250 to $4,999; $500 to $9,999; $1,000 to $99,999; $5,000 to $249,000; $10,000 to $499,999; $20,000 to $500,000 and up. However, the auctioneer may modify the increments at any time. 6. RESERVES. All lost are subject to a reserve, which is the confidential minimum price agreed to with the seller below which the lot will not be sold. Philips may implement such reserve by opening the bidding on behalf of the seller and may bid up to the amount of the reserve by placing successive or consecutive bids for a lot in response to other bidders. 7. ESTIMATES. The estimates provided are intended as a guide to bidding. The figures are educated guesses, based on recent values. The estimates are exclusive of the buyer's premium, and may be revised at any time prior to the auction. 8. BIDDING. All persons attending the auction must obtain a bidding number prior to bidding. If bids cannot be made in person or by an agent, they may be made by mail, fax, e-mail, telephone or online. 9. Absentee bids will be executed by Philips on the bidder's behalf in competition with other absentee bids and bidding in the room. Every effort will be made to carry out the bidder's instructions, but Philips shall in no event be responsible for failing correctly to carry out instructions, and Philips reserves the right to decline to undertake such bids. Bids by mail should be made in U.S. dollars on the bid sheet found at the end of the catalogue and in accordance with the instructions on the bid sheet. 10. REMOVAL OF PROPERTY. All lots purchased shall be removed at the purchaser's risk and expense within thirty (30) days following the sale. Purchases not so removed will be treated as set forth in the Terms and Conditions. 11. SHIPMENT. Philips does not provide shipping. All shipping arrangements must be made by the purchaser after sale. A list of local shippers can be provided as purchaser's request. 12. PRICES REALIZED. A list of prices realized is published on our website at the conclusion of the sale. The Prices Realized is also available at Philips and will be mailed, emailed or faxed upon request. 13. CREDIT. Bidders whose credit is unknown to Philips should submit acceptable credit references or make prior arrangements for payment. Purchases will not be released until funds have cleared. Mail bidders should submit references or a deposit of 25% of their maximum bid. If successful, the deposit will be applied to the purchase; if unsuccessful, the deposit will be returned. 14. RETURNS. Purchased lots are NOT returnable for any reason. This includes, but is not limited to, books, manuscripts, prints, drawings, photographs, signatures, any property offered in a lot comprising of more than 3 items (whether or not such items are individually named, constituting 'Grouped Lots.'), jade items, ceramics, stamps, coins, paper currency, Chinese and Japanese paintings, decorative arts, and jewelry. SUPPLEMENTAL ADVICE TO PROSPECTIVE BIDDERS WITH RESPECT TO SALES OF PRINTS, PHOTOGRAPHS, DRAWINGS, PAINTINGS, WATERCOLORS, SCULPTURES AND MULTIPLES GENERAL: Dimensions are given in inches and millimeters with height preceding width in both cases. Dimensions for prints are measured to the outside edges of the plate mark or image; dimensions for drawings and other works are measured to the outside edges of the support (paper, canvas, etc.). Dimensions for photographs are the actual image size unless otherwise noted. Whenever possible framed works are sold in the frames in which they have been received. However, Philips takes no responsibility for frames. Philips does not warrant the condition of prints, photographs, drawings, or watercolors unless specifically stated in the catalogue description. We attempt to characterize quality and gross defects in condition whenever possible as an aid to prospective bidders, but clients should satisfy themselves prior to the sale as to the condition of each lot and should exercise and rely on their own judgment as to whether the lot accords with its description. More detailed condition reports are available upon request. Illustrations in the catalogue are for identification only and should not be used as a basis for determining the condition of the lot. FOR UNIQUE WORKS, SUCH AS PHOTOGRAPHS, DRAWINGS AND WATERCOLORS: AUTHORSHIP FOR EACH LOT IS INDICATED USING THE FOLLOWING DESCRIPTIONS: JOHN SMITH: In our opinion, a work by the artist. (When the artist's forename(s) is not known, a series of asterisk, followed by the surname of the artist indicates that in our opinion the work is by the artist named.) JOHN SMITH (ATTRIBUTED TO): In our opinion, probably a work by the artist but less certainty as to authorship is expressed than in the preceding category. JOHN SMITH (STUDIO OF): In our opinion, a work by an unknown hand closely associated with the named artist but not necessarily his student. JOHN SMITH (CIRCLE OF): In our opinion, a work by an unknown hand closely associated with the named artist but not necessarily his student. JOHN SMITH (STYLE OF) OR (FOLLOWER OF): In our opinion, a work by an unknown, nearly contemporary hand working in the artist's style but not necessarily his student. JOHN SMITH (MANNER OF): In our opinion, a work in the style of the artist and of a later date. JOHN SMITH (AFTER): In our opinion, a copy of a work of the artist. FOR PRINTS AND MANUSCRIPTS If there is a generally accepted title for the print, that title is given at the begging of the lot description following the artist's name. The primary medium is identified following the title. The terms used are intended only as a general description and may not include all the techniques employed by the artist. Dates used in the catalogue entries refer to execution of the 'master' or printing matrix. For prints made after 1949, it will be stated if the impression was pulled later than the execution of the mater or matrix for prints made prior to 1949; the impression may or may not be of a date contemporaneous with the execution of the mater or matrix. The term 'signed: means that, in our opinion, the signature is by the artist and was made more or less contemporaneously with the creation of the print. Whenever possible, we attempt to indicate the state and condition of a print. For modern and contemporary prints, and for early prints when the data are available, every reasonable effort is made to identify relevant information concerning the extent of the edition. If the print is described as an 'artist's proof' or an 'hors commerce' impression, the size of the regular addition is usually provided. In most cases, we describe the quality of the impression of the print, ranging in descending order from 'brilliant' and 'superb' to 'very good,' 'good' and 'fair.' These descriptions are intended merely as a general guide and should not be taken as a statement of fact, nor do they represent any description of the condition of the print. SUPPLEMENTAL ADVICE TO PROSPECTIVE BIDDERS WITH RESPECT TO SALES OF POSTERS Posters, for the most part, were printed in large format on the cheapest possible paper, and with an expected life of two or three month on billboards. They were ephemeral by definition and not intended to withstand the test of time. Therefore, in grading a poster's condition, the standards and criteria of the print collector cannot be used. The most important element in grading a poster's condition is its appearance as defined by the lines, colors and overall design. Condition in this catalogue is mentioned in each lot description, however, buyers understand that there may be blemishes, scuffing, tears, over-painting, fading, discoloration and that restoration, folds, creases and flaking may be visible and there may be paper loss or obvious losses. ALL POSTERS ARE MOUNTED ON BOARD OR FRAMED UNLESS OTHERWISE INDICATED

Local sales tax applies.