Doris Duke Estate Auction: Day 1

MILLEA BROS. LTD. TERMS & CONDITIONS OF SALE: ------------------------------------------------------- The property listed in this auction catalogue will be offered by Millea Bros. Ltd. (Millea Bros.) as owner or as agent for their consignor(s) subject to the following terms and conditions. Any of the following conditions of sale may be amended, waived, or modified in the sole discretion of Millea Bros. Ltd. By placing a bid, whether present in the saleroom or by any other means, the buyer (bidder, purchaser) agrees to be bound by the following conditions of sale: 1) All property is sold in "as is" condition and all sales are final. Neither Millea Bros. nor their consignor(s) makes any representations or warranties, express or implied, with respect to the property or the correctness of the catalogue or other description of the authenticity of authorship, physical condition, size, age, quality, rarity, importance, provenance, exhibitions, literature or historical relevance of the property or otherwise. No statement anywhere, whether oral or written, shall be deemed such a guarantee, warranty, or representation. Prospective bidders should examine the property before bidding to determine their level of interest. Unless otherwise announced by the auctioneer, all bids are per lot as numbered in the catalog. 2) The highest bidder acknowledged by the auctioneer shall be the buyer. The auctioneer reserves the right to reject any bid and shall advance the bid at his/her sole discretion. In the event of a dispute between bidders, the auctioneer has absolute discretion to determine the successful buyer or to re-sell the disputed lot. If a dispute arises after the sale, Millea Bros.' record of the successful buyer and final sale price shall be conclusive. Millea Bros. reserves the right to withdraw, combine, or divide any lot at any time before bidding commences. 3) The auctioneer has sole and exclusive discretion, and authority to regulate the following bidding increments: $0 - $100 ................$10 increments $101 - $500 ..............$25 increments $501 - $1,000 ............$50 increments $1,001 - $2,000 .........$100 increments $2,001 - $5,000 ........$250 increments $5,001 - $10,000 .......$500 increments $10,001 - $50,000 .....$1,000 increments $50,001 - $100,000 ....$2,500 increments $100,001 - $150,000 ...$5,000 increments $150,001 - and up ....$10,000 increments 4) Some lots offered for sale may be subject to a reserve, which is a confidential minimum price below which a lot will not be sold. Under no circumstance will a reserve exceed the low estimate of the lot being offered. Consignors are prohibited from bidding on their own property; however, the auctioneer may implement reserves by bidding on behalf of the consignor. If bids on a lot fail to reach the reserve, the lot will be "passed" or "bought-in". 5) Absentee, telephone, and Internet bidding is offered as a convenience to our customers and, while we will make every effort to carry out your instructions, Millea Bros. cannot be held responsible for errors and omissions resulting in failure to execute your absentee, and/or telephone bids. 6) Users of third-party online bidding services (hereinafter, “Bidding Services“) indemnify and hold Millea Bros. and its consignors harmless against any claim arising out of or resulting from the use of Bidding Services, including all losses, damages, liabilities, and all fees (including reasonable attorney’s fees), costs, and expenses incurred in connection with any claim. Under no circumstances, including, but not limited to, negligence, shall Millea Bros. and its consignors be liable for lost profits or any special, incidental, or consequential damages that result from the use of, or the inability to use Bidding Services. 7) Title of each lot passes upon the fall of the auctioneer's hammer to the highest acknowledged bidder. Thereafter, any loss by fire, theft, breakage, or any other cause is the sole responsibility of the purchaser. Merchandise must be packed and transported by the purchaser at his/her own risk and expense. If any employee or recommended agent of Millea Bros. shall pack or transport the merchandise, it is fully at the risk, responsibility, and expense of the purchaser and Millea Bros. shall not be liable for any loss or damage that maybe caused by such employee or agent. Under no circumstances will Millea Bros.' liabilities to a purchaser exceed the purchase price actually paid. 8) The purchase price of each lot shall be the amount of the successful bid plus a twenty-two percent (22%) buyer’s premium on the first $100,000 and twelve percent (12%) buyer’s premium on the portion exceeding $100,000. Unless exempt by law, all purchases, including buyer’s premium, are subject to all state and local taxes applicable at the time of payment. Please note: Seller will not treat the purchase price as a charitable donation. 9) Property purchased during the auction may not be removed until the full purchase price, including buyer's premium and all applicable taxes, have been paid. Payments will be accepted by cash, traveler's check, or personal check. Millea Bros. reserves the right to hold merchandise purchased by personal check until the check has cleared the bank. The purchaser agrees to pay Millea Bros. a handling charge of $35 for any check returned for insufficient funds. A service charge of 1.5% will be added each month to unpaid balances beginning ten (10) days after the sale date. 10) The purchaser must pay for and remove all property from the auction premises (The Morristown National Guard Armory, 430 Western Avenue, Morristown, NJ 07960) at his/her risk and expense. All purchased property not removed from the auction premises by the close of the auction event, will be removed to a warehouse of our choice at the purchaser's risk and expense without further notice. 11) Seller explicitly reserves all trademark and trade name rights and rights of privacy and publicity in the name and image of Doris Duke. No buyer of any property in this sale will acquire any right to use the Doris Duke name or image. 12) If any applicable conditions contained herein are not complied with by the purchaser, Millea Bros. may, in addition to other remedies available by law; (a) hold the purchaser liable for the total purchase price; (b) retain any payment made by the purchaser, and/or (c) cancel the sale and resell the property without reserve and the original purchaser will be liable for any deficiency and added cost. GLOSSARY OF CATALOGING TERMS ------------------------------------------------------- The terminologies used in this catalogue are qualified statements or opinions and are not intended or made as warranted statements or representations. Fine Art (except bronze sculpture): 1."Pablo Picasso" in our estimation the work is by the named artist 2."Attributed to Pablo Picasso" in our estimation, although it cannot be said with certainty, the work appears to have been executed within the lifetime of the artist, and based on style, may be ascribed to the artist. 3."After Pablo Picasso" in our estimation, cannot be ascribed to the artist but is executed in the style of the artist or is a later copy of a work by the artist. Furniture & Decorative Objects: 1."George III tea table" in our estimation, the piece is basically of the period with possible alterations, and/or restorations 2."George III style tea table" in our estimation, the piece is later reproduction of an earlier style or period NOTE REGARDING ANIMAL MATERIALS ------------------------------------------------------- Certain property contained in this catalogue may be constructed from, or may incorporate animal materials, and may require a license/permit or certificate for exportation or resale. It is the sole responsibility of the purchaser to obtain appropriate licenses. The sale of a lot will not be cancelled if a purchaser cannot obtain the appropriate license/permit/certificate.

Please keep in mind that the items offered for sale are part of a live public auction being held at the Morristown Armory, 430 Western Avenue, Morristown, NJ. Lots are sold in numerical order according to the auction catalogue at a rate of approximately 70 lots per hour. Absentee bids left with LiveAuctioneers are not the same as bids left directly with the auction house. Therefore, tie bids may occur between LiveAuctioneer absentee bidders and other gallery bidders. In the event of a tie bid the auctioneer has sole discretion to award the lot to the high bidder of his choosing. The live auction being broadcast online through LiveAuctioneers cannot duplicate exactly the live bidding and events taking place in the auction room, increments may often vary. Millea Bros. offers online bidding as a convenience for clients and is not responsible for any inadvertent failure to execute bids, or for any error in the execution of bids.

All purchases are subject to a New Jersey State sales tax of 7% on the total purchase price, final bid plus the Buyer's Premium, as defined in paragraph 8 of the Conditions of Sale, unless the purchaser provides proof of exemption. Buyers claiming exemption from sales tax must submit appropriate documentation to Millea Bros. Ltd. including a properly completed New Jersey State Resale Certificate (ST-3 Form) or equivalent out-of-state resale authorization with business card or letterhead.

htmlbMILLEA BROS. LTD. DOES NOT PROVIDE PACKSHIP QUOTES.b However, we do recommend that potential buyers obtain packship estimates prior to bidding. Bidders are welcome to contact a packship professional of their choice. The following packship companies are prepared to provide bidders with packship estimates prior to bidding. 1.) For small items - THE UPS STORE in Morristown, NJ - CONTACT INFO: email: store1748theupsstore.com - tel: 973.538.0400 - contact names: P.J. or Jim. 2.) For large items and furniture - All POINTS SHIPPING in Hackensack, NJ - CONTACT INFO: email: infoallpointsshippingnj.com - tel: 877.518.7447 or 201.820.3061html

Requests for additional object images will be answered as the information becomes available and in the order that they are received. Emailed image requests will not be responded to directly by return email. Any additional photos obtained will be added to the lot description when appropriate.

Requests for additional condition details will be answered as the information becomes available and in the order that they are received. Emailed condition inquiries will not be responded to directly by return email. Any additional condition information obtained will be added to the lot description when appropriate. If you prefer speaking to a live person, condition reports may also be obtained by telephone at 973-605-1265. The absence of a condition statement does not imply that the lot is free from wear and tear, imperfections, or the effects of aging. All condition statements are opinion. Millea Bros. Ltd. will have no responsibility for any error or omission with regard to lot condition.

Prospective bidders should register in advance of the sale date. Please be sure to include your complete billing information and agree to share this information with LiveAuctioneers. Approval for bidding is at the discretion of the auction house. Millea Bros. may require bidders to provide additional information or complete an account approval form. Failure to complete this form will result in a declined registration. Please e-mail infomilleabros for more information. Please note registrations may not be approved during the course of the sale.

The auctions will take place at the Morristown Armory, 430 Western Avenue, Morristown, NJ on Saturday, May 2, 2009 at 10am ET and Sunday, May 3, 2009 at 10am ET . Public previews will be held on Thursday, April 30 from 11am to 8pm ET; Friday, May 1 from 11am to 6pm ET; Saturday, May 2 from 9am to 5pm ET and Sunday, May 3 from 9am to 10am.