Fine Wines

Conditions of Sale - Fine Wines 1. All bidders and buyers of wine must be at least 21 years of age and shall present satisfying legal documentation of this at auction. In the event the buyer is a partnership or corporate entity, the receiver of the wine shall furnish proof fulfilling this criteria. 2. 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 Skinner, 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 Skinner, Inc. will execute such reserves by bidding for the consignor. In any event, and whether or not a lot is subject to a reserve, Skinner, Inc. and Lower Falls Wine Co. may reject any bid or raise not commensurate with the value of such lot. 3. All property is sold ?as is,? and neither Skinner, Inc. and Lower Falls Wine Co. nor any consignor makes any warranties or representation or 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, or 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 in the catalog, or elsewhere shall be deemed such a warranty of representation or an assumption of liability. Prospective buyers are urged to inspect those lots they have interest in. 4. Except as provided in paragraph 1 above, the highest bidder as determined by Skinner, Inc. 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. Please note Massachusetts state law requires all purchasers of alcoholic beverages be at least 21 years of age. 5. All merchandise purchased is payable directly to Skinner Inc., and must be paid for the day of the auction. All merchandise must be removed from Lower Falls Wine Co. within forty five (45) days of the auction, and in no event shall Skinner Inc. or Lower Falls Wine Co. have any liability for any damage to property left on its premises for more than fourteen (14) days after the sale. Lower Falls Wine Co. may impose, and the purchaser agrees to pay, a monthly storage fee per lot as determined by Lower Falls Wine Co. (see Collection of Wines). If any property has not been removed within forty five (45) days from the date of sale, at the option of Skinner, Inc. and Lower Falls Wine Co. (a) the merchandise may be transferred to and stored at a bonded warehouse and the purchaser agrees to pay all transfer and storage expenses, and/or (b) Skinner Inc. and Lower Falls Wine Co. may place the merchandise in a subsequent auction, without Reserve, to be sold to the highest bidder, and after deducting the standard commission and any additional charges that may apply, remit the proceeds to the purchaser. 6. Acceptable forms of payment are cash, good check, or wire transfers, payable in U.S. dollars. Checks will be acceptable only if credit has been established with Skinner or if a bank authorization has been received guaranteeing the check. Skinner, Inc. and Lower Falls Wine Co. reserve the right to hold merchandise purchased until the funds have cleared the bank. The purchaser agrees to pay Skinner and/or Lower Falls Wine Co. a handling charge of $25.00 for any check dishonored by the drawee. 7. 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, Skinner Inc. and Lower Falls Wine Co. 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 public auction, without reserve, any lot or item for which the purchaser has breached any of its obligations, including its obligation to pay in full the purchase price, holding the purchaser liable for any deficiency plus all costs of sale. 8. In no event will the liability of Skinner, Inc. and Lower Falls Wine Co. to any purchaser with respect to any item exceed the purchase price actually paid by such purchaser for such item. 9. Lower Falls Wine Co. may, in their discretion and at purchaser?s request, package and arrange for delivery as directed by the purchaser. In such event, purchaser agrees that (a) all such packaging, handling and delivery is at the sole risk of the purchaser and that Skinner, Inc. and Lower Falls Wine Co. shall have no liability for any loss or damage to such items, and (b) purchaser shall pay in advance, all packaging expenses, including labor, materials, carriers fees and all insurance charges. Please arrange seventy-two (72) hours in advance for collection and delivery. Purchaser shall make itself aware of the limitations and restrictions imposed by various states in regards to the transportation and importation of alcoholic beverages and purchaser has the sole responsibility to research and comply with all permit and licensing requirements. Neither Skinner, Inc. nor Lower Falls Wine Co. shall be responsible for obtaining any permits or licenses on behalf of purchaser and no sale shall be cancelled or refunded for lack of purchaser?s noncompliance with permitting and licensing issues. (Please see Collection of Wines) 10. A premium equal to 22.5% of the final bid price up to and including $80,000, plus 10% of the final bid over $80,000, will be applied to each lot sold, to be paid by the buyer as part of the purchase price. 11. Bidding on any item indicates your acceptance of these terms and all other terms printed within, posted, and announced at the time of sale. 12. All purchases are subject to the Massachusetts 6.25% sales tax unless the purchaser possesses a Massachusetts sales tax exemption number. Exemption numbers from other states are accepted in Massachusetts if presented with a business card or letterhead. Dealers, museums, and other qualifying parties can apply for a Massachusetts exemption number prior to the auction by contacting the Massachusetts Department of Corporations and Taxation at 100 Cambridge Street, Boston, Massachusetts, 02204.

All purchasers - out-of-state, international or otherwise - are subject to the Massachusetts 6.25% sales tax if the property is picked up within the state in person or by a shipping agent unless the purchaser possesses a sales tax exemption number. United States exemption numbers and international VAT numbers are accepted if presented with a business card or letterhead and accompanied by the necessary paperwork.brbrTo download the appropriate form please visit our website or e-mail postauctionskinnerinc.com to have it sent to you.brbrMassachusetts residents must pay sales tax whether items are picked up at the gallery or shipped in-state.

A NAMEAboutAWith over forty years experience, SKINNER is New England's largest auction house and one of the largest in the country. SKINNER has over twenty specialist departments. Over fifty auctions are held in our Boston and Marlborough, Massachusetts galleries each year. For more information on SKINNER and our expert departments, please visit our website. brbr SKINNER's offices are open Monday through Friday 9am-5pm ET, (excluding major holidays). Questions on upcoming sales can be addressed via e-mail to a hrefmailto: liveauctionsupportskinnerinc.comliveauctionsupportskinnerinc.coma or via telephone on 508-970-3000 (Marlborough) or 617-350-5400 (Boston).brbr

Prospective bidders should register uin advanceu 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. Skinner, Inc. reserves the right not to accept bids via internet bidding for lots of high value. If you intend on bidding on high value lots, please contact Skinner Boston or email liveauctionsupportskinnerinc.com. Please note registrations may not approved during the course of the sale.

bUllage (Level of Wine) Interpretation:b Ullage of wines of vintages fifteen years and younger may be assumed to be of bottom neck or better unless otherwise noted. Similarly, regarding older vintages, lack of notation indicates acceptable and appropriate ullage, clear label and sound cork; bpotential bidders must be prepared for reasonable variations in ullage in all vintages older than 15 years.b Bidders with specific condition questions should contact the Fine Wines department. Conditions generally not noted on group lots.brbrBordeaux wines are catalogued referencing the 1855 classification. Chateau Petrus cataloguing reflects the practice of granting it 1er Cru Classe and other notable Pomerol Chateaux are designated Cru Classe. All Bordeaux wines may assume to be chateau bottled unless otherwise stated.brbrIt is standard practice for SkinnerLower Falls Wine to open all original wooden cases (owc) for visual inspection. The opening of banded cases will be determined on an individual basis.brbrFor Burgundy, German wines and all other more gradually slope-shouldered bottles, the ullage measurement is taken in centimeters from cork base, e.g. 3cm, 5cm, 7cm.brbrbBottle Sizesbbrbrbottle (750 ml) jeroboam (4xbt); Burgundy, Champagne half bottle (hbt)brmagnum (2xbt) jeroboam (6xbt); Bordeaux split (14 bottle) Champagnebrmarie jeanne (3xbt) imperiale (8xbt); Bordeauxbrdouble magnum (4xbt) methuselah (8xbt); BurgundybrbrbBuyers' Caution:b Levels are as when catalogued; ullage may change due to cork deterioration; other bottle conditions may occur during storage and shipment. Risk of ullage variation and cork deterioration andor failure is assumed by the buyer at time of sale and no sale cancellations, price negotiations, or bottle substitutions will be undertaken by either Skinner or Lower Falls Wine. Similarly, no substitutions will be made due to inaccurate descriptions.brbrbFlights of Lots:b Are of the same type, vintage and bottle count and follow one after another numerically, though ullage and bottle conditions may vary. The auctioneer may exercise discretion to offer, in consecutive lot order and at that same price, the following lots in the flight to the first successful bidder of that flight. Subsequently, those lots not purchased will be offered anew and so on. Absentee bids placed on any lot in a flight will be applied to the next lot in the flight (if unsuccessful) until the flight concludes.brbrbEnvironmental Note:b It has only been in the last 15-20 years that the wine industry has moved away from using lead capsules to cover the cork and neck of a bottle. When opening an older wine, if you do have a lead capsule, give consideration as to how you dispose of it.

Lower Falls Wine Co. may, in their discretion and at purchaser's request, package and arrange for delivery as directed by the purchaser. In such event, purchaser agrees that (a) all such packaging, handling and delivery is at the sole risk of the purchaser and that Skinner, Inc. and Lower Falls Wine Co. shall have no liability for any loss or damage to such items, and (b) purchaser shall pay in advance, all packaging expenses, including labor, materials, carriers fees and all insurance charges. Please arrange seventy-two (72) hours in advance for collection and delivery.brbrPurchaser shall make itself aware of the limitations and restrictions imposed by various states in regards to the transportation and importation of alcoholic beverages and purchaser has the sole responsibility to research and comply with all permit and licensing requirements. Neither Skinner, Inc. nor Lower Falls Wine Co. shall be responsible for obtaining any permits or licenses on behalf of purchaser and no sale shall be cancelled or refunded for lack of purchaser's noncompliance with permitting and licensing issues.

Condition requests sent to the department via e-mail will be responded to by adding information or photographs to the lot listing where appropriate. E-mailed requests will not be responded to by return e-mail. You may track the property in which you are interested by using the BidTrack function on the SKINNER website. Please allow ample time for your request to be processed.brbr The absence of a condition statement does not imply that the lot is in perfect condition or completely free from wear and tear, imperfections, or the effects of aging. Condition requests can be obtained by telephone at 508-970-3000. Any condition statement given, as a courtesy to a client, is only an opinion and should not be treated as a statement of fact. SKINNER, Inc. shall have no responsibility for any error or omission. A NAMEPaymentA

Items offered are part of a live auction at SKINNER's Boston gallery. Items are offered in numerical order and are auctioned at a pace of approximately 100 lots per hour.brAbsentee bids left on third-party live auctions platforms ARE NOT the same as bids left with the auction house directly. They are executed from a proxy computer terminal in the room against other Internet bidders. Other competitive bids include bidders on the telephone, in the room, other internet bidders, and left bids with the auctioneer. Tie bids may occur between live auctions absentee bidders and other bidders. In the event of a tie bid, the auctioneer has sole discretion to award the lot to the high bidder of his or her choosing--most often the floor bidder.brbr The auctioneer (SKINNER) at its discretion reserves the right to refuse participation in this auction by any bidder, whether on premises, participating on-line, by telephone, or through absentee bid. Skinner, Inc. reserves the right not to accept bids via internet bidding for lots of high value. If you intend on bidding on high value lots, please contact Skinner Boston or email liveauctionsupportskinnerinc.com. Please note registrations may not approved during the course of the sale.

This auction takes place in our Boston gallery located at 63 Park Plaza, Boston MA 02116 on May 4, 2011. Previews are by appointment only.brbrCatalogues for this sale are available on our website or by e-mailing a hrefmailto: subscriptionsskinnerinc.com subscriptionsskinnerinc.com.a

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All bidders and buyers of wine must be at least 21 years of age and shall present satisfying legal documentation of this at auction. In the event the buyer is a partnership or corporate entity, the receiver of the wine shall furnish proof fulfilling this criteria.