Tepper Galleries, Inc.
Terms and Conditions The property listed in this catalogue will be offered by Tepper Galleries, Inc. herein referred to as the 'Gallery' as owner or as agent for consignor(s) subject to the following terms and conditions: The highest bidder, acknowledged by the auctioneer shall be the purchaser. The auctioneer reserves the right to reject any bid and to advance the bid at his/her sole discretion to determine the successful bidder, or to re-offer a lot in dispute. Should there be any dispute after the sale; the Gallery's record shall be accepted as conclusive. The Gallery reserves the right to withdraw, combine, or divide any lot at its sole discretion prior to the commencement of bidding. Title will pass on the fall of the auctioneer's gavel to the highest acknowledged bidder in accordance with conditions set forth herein, and such bidder therefore assumes full risk and responsibility. A bidder may be requested to give their name, telephone number, identification, place of residence and pay the full purchase price or any part thereof. The Gallery reserves the right not to accept any bids from anyone who has not established himself or herself with the Gallery prior to the auction. The purchase price payable by the buyer shall be the sum of the final bid plus a twenty percent (20%) buyer's premium of the final bid. All purchases are subject to state and local taxes where and when applicable. All property in the catalogue designated by an 'asterisk' (*) preceding the number, denoted that the item is offered subject to a reserve. A reserve is the confidential minimum price established between the Gallery and the seller and is generally set at a percentage of the low presale estimate, and it will not exceed the low presale estimate. All estimates are based on similar merchandise offered for sale in past auctions. The Gallery may also have a vested interest in certain items offered for sale. No auction lot may be removed during the sale or at any time until the full purchase price has been paid. All lots must be so paid and removed at the buyer's expense within two business days after the auction. The Gallery is not responsible for any packing of merchandise or delivery of merchandise to the buyer. If the forgoing conditions or any other applicable conditions are not met, in addition to remedies available to the Gallery by law, the Gallery may: A. Cancel the sale and retain any payments made by the buyer as liquidated damages. B. Resell the property for the account or, and at the risk of the buyer. In such a case, the buyer shall be liable for any and all losses or costs sustained by the Gallery, including warehousing, the commissions for both auctions and any other related costs. C. Remove the property to a public warehouse for the account, and at the risk and expense of the buyer.
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