FINE ART AUCTION

Conditions of Sale 1. Some of the lots in this sale are offered subject to a reserve. The reserve is a confidential minimum price agreed upon by the consignor and Fletcher Gallery, Inc. below which the lot will not be sold. In most cases, the reserve will be set below the estimated range, but in no case will it exceed the estimates listed. A representative of Fletcher Gallery, Inc. will execute such reserves by bidding for the consignor. In any event and whether or not a lot is subject to a reserve, the auctioneer may reject any bid or raise not commensurate with the value of such lot. 2. All property is sold "as is", and neither the auctioneer nor any consignor makes any warranties or representation of any kind or nature with respect to the property, and in no event shall they be responsible for the correctness, nor deemed to have made any representation or warranty, of description, genuineness, authorship, attribution, provenance, period, culture, source, origin, or condition of the property and no statement made at the sale, or in the bill of sale, or invoice or elsewhere shall be deemed such a warranty of representation or an assumption of liability. 3. Except as provided in paragraph 1 above, the highest bidder as determined by the auctioneer shall be the purchaser. In the case of a disputed bid, the auctioneer shall have sole discretion in determining the purchaser and may also, at his or her election, withdraw the lot or reoffer the lot for sale. 4. All merchandise purchased must be paid for and removed from the premises the day of the auction or upon notification of a successful bid. Fletcher Gallery, Inc. may impose, and the purchaser agrees to pay, a monthly storage charge of 1.5% of the purchase price of any lot or portion of a lot not removed by the purchaser within seven (7) business days after the date of sale. Fletcher Gallery, Inc. shall have no liability for any damage to property left on its premises for more than seven (7) days after the date of sale. Fletcher Gallery, Inc. may impose, and the purchaser agrees to pay, a monthly interest charge of 1.5% of the purchase price of any lot or item not paid by the purchaser within thirty (30) days of the date of sale. 5. Fletcher Gallery, Inc. accepts cash (in house only), Visa, MasterCard, Discover (sorry- no American Express or PayPal), or check (personal, bank certified, credit card check, money order) for payment. Checks are to be made out to Woodstock Day School and mailed directly to Woodstock Day School, P.O. Box 1, Woodstock, NY 12498. Credit card sales are to be called in to Heather Toboika at (845) 399-0005. Fletcher Gallery, Inc. reserves the right to hold merchandise purchased by personal check until the check has cleared the bank. The purchaser agrees to pay Fletcher Gallery, Inc. a handling charge of $25.00 for any check dishonored by the drawee. If the check is returned dishonored, follow up payment must be made by bank certified check, money order or Visa, MasterCard or Discover. 6. If the purchaser breaches any of its obligations under these Conditions of Sale, including its obligation to pay in full the purchase price of all items for which it was the highest successful bidder, Fletcher Gallery, Inc. may exercise all of its rights and remedies under the law including, without limitation, (a) canceling the sale and applying any payments made by the purchaser to the damages caused by the purchaser's breach, and/or (b) offering at private sale, without reserve, any lot or item for which the purchaser has failed to pay in full the purchase price, holding the purchaser liable for any deficiency plus all costs of sale. 7. In no event will the liability of Fletcher Gallery, Inc. to any purchaser with respect to any item exceed the purchase price actually paid by such purchaser for such item. 8. Shipping is the responsibility of the purchaser. Please call Heather Toboika at (845)399-0005 to arrange shipping within the United States and overseas. Some property that is sold at auction can be subject to laws governing export from the U.S., such as items that include material from some endangered species. Import restrictions from foreign countries are subject to these same governing laws. Granting of licensing for import or export of goods from local authorities is the sole responsibility of the buyer. Denial or delay of licensing will not constitute cancellation or delay in payment for the total purchase price of these lots. 9. The purchase price paid by the purchaser shall be the amount of the final bid plus a ten (10) percent buyer’s premium. 10. Bidding on any item indicates your acceptance of these terms and all other terms announced at the time of sale whether bidding in person, through a representative, by phone, by Internet, or other absentee bid. Fletcher Gallery, Inc. will not be held responsible for any errors or failures, whether human or technology related, to accurately execute bids. Bidders are encouraged to submit absentee bids 24 hours prior to auction. 12. These conditions of sale shall be governed by the laws of the State of New York (excluding the laws applicable to conflicts or choice of law). The buyer/bidder agrees that any suit for the enforcement of this agreement may be brought, and any action against Fletcher Gallery, Inc. in connection with the transactions contemplated by this agreement shall be brought, in the courts of the State of New York or any federal court sitting therein. The bidder/buyer consents to the nonexclusive jurisdiction of such courts and waives objections that it may now or hereafter have to the venue of any such suit. 13. If there is anything relevant to this auction that you do not understand please call Fletcher Gallery, Inc. at (845) 679-4411 or email info@fletchergallery.com. We want your experience to be comfortable and successful.

No Tax-Not for Profit Status