Holiday Fine Estates Auction

Terms and Conditions of Sale Bidding on items indicates acceptance of the following: 1. A Buyer's Premium will be added to the hammer price of each lot and is payable by the purchaser as part of the total purchase price. The Buyer's Premium per lot for purchases in our live auction is 23% of the final bid up to and including $200,000, and 20% for the remaining balance above $100,000. BUYERS WHO PAY THEIR INVOICES IN FULL IN CASH OR BY CHECK WITHIN TEN CALENDAR DAYS OF THE AUCTION DATE (BY DECEMBER 13, 2011) WILL PAY A REDUCED BUYER'S PREMIUM OF 20%. 2. All goods are sold "AS-IS", "WHERE IS", "WITH ALL FAULTS" and all sales are final. Formal "Condition Reports" are not included in online or printed catalogs. Condition information included in Woodbury Auction item descriptions are for information purposes only and may not be relied upon as the equivalent of a formal Condition Report, and while formal Condition Reports given in response to bidder request are issued in good faith, they shall not be construed as expert opinions or guarantees of condition and may not be relied upon in substitution of personal inspection. All auction items are available for bidder examination prior to the auction. Bidding on an item signifies that you have examined that item, either personally or through an authorized agent, or that you have elected not to examine that item. Any additional condition information generated in response to bidder requests will be added to the online catalog lot description. Any request for additional photos will be responded to when possible and images will be added to the online catalog lot description. It is the responsibility of prospective bidders to examine lots in person or through an authorized agent and decide their level of interest. Neither the auctioneer, nor the consignor, is responsible for the accuracy of any printed or verbal descriptions or any Condition Reports. All weights and measurements are approximate and not guaranteed. Buyer relies solely on his/her own expertise and judgment when bidding. If you require absolute certainty in all areas of condition and/or authenticity, and the results of your own evaluation leave uncertainty in your mind, we recommend that you not bid on the item in question. As noted above, all sales are final at the fall of the hammer, and we do not give refunds. 3. All bidders are required to register and give full identification including valid drivers license and credit card information prior to the beginning of the auction and are required to use the number issued them when identifying themselves as the successful bidder. 4. The auctioneer has the sole and exclusive power and authority, without exception and without liability, to (a) resolve any disputes between bidders, (b) determine whether to pass or re-offer any lot for sale, (c) reject or challenge any bid or advance at the start of the bidding or during the bidding, and (d) otherwise regulate the bidding and its increments. The auctioneer shall further have the right to reject any opening or subsequent bid that, in the auctioneers' sole opinion and discretion, is not commensurate with the value of the lot or is not within the published bid increments. At the auctioneer's discretion, no bid of less than one-half the low estimate will be accepted from any source: phone bidding, absentee bidding, internet bidding, or live bidding in the gallery. The highest bidder as determined by the auctioneer shall be deemed the purchaser. If the auctioneer receives more than one bid of the same value, only the first acknowledged will be accepted. If any dispute arises after the sale, the sale record maintained by Woodbury Auction is conclusive. Although Woodbury Auction will endeavor to execute accurately any absentee/phone bids, these services are offered only as a convenience to clients who are not physically present at the auction, and we are not responsible for any errors or omissions which may occur in the exercise of these services. "Auctioneer" as used in these Conditions of Sale means an employee or representative of Woodbury Auction duly licensed as an auctioneer or otherwise authorized by Woodbury Auction to conduct an auction under the laws of the State of Connecticut. 5. Woodbury Auction offers the Live Auctioneers tool as a convenience to our clients. Please be aware that in some cases an absentee bid submitted on the internet through Live Auctioneers before or during the auction may not be received by the auctioneer conducting the sale, or if received may not be accepted. This may occur even when the internet absentee bid was placed earlier than an equivalent absentee bid. No bids may be submitted after the auctioneer has closed the lot. The auctioneer has final discretion over which bids to accept, as described elsewhere in this document, and live bidders in the room are recognized first by the auctioneer. 6. Title to each auction lot passes upon the fall of the auctioneer?s hammer, and the purchaser assumes full ownership of and responsibility therefore at the fall of the auctioneer?s hammer. Thereafter the property is at the sole risk of the Buyer and neither the Seller nor Woodbury Auction shall be responsible for any loss or damage. 7. Some lots carry reserves or minimum selling prices, which is a figure set by the consignor and Woodbury Auction below which a lot will not be sold. Woodbury Auction will execute the reserve bids on behalf of consignors. The reserve will not exceed the low estimate. Estimates are subject to change at any time prior to the offering of each lot. 8. As noted above in Section 4, absentee and telephone bids are accepted and will be executed when possible, although solely as a convenience to customers. Leaving a phone bid on a lot indicates your willingness to open the bidding at one half the posted low estimate, and gives the auctioneer the authority to open your bid at that level. Woodbury Auction will not be held responsible for any errors or omissions, or failure to execute bids accurately. Bidders are encouraged to submit absentee and telephone bid requests 24 hours prior to the auction, and Woodbury Auction reserves the right to decline acceptance of absentee and/or phone bid requests tendered after 5pm on the day prior to the sale. Purchases will not be available to absentee buyers for pick-up during the auction unless arrangements are made prior to the sale. 9. Items may be withdrawn at any time prior to being offered. 10. Payments accepted are cash, approved checks, money orders, cashier's checks, Visa, MasterCard, Discover and American Express. First time buyers must establish bank credit before the auction in order to have ?approved check? status. Purchases paid for with non-approved personal/business checks or international bank checks/money orders may not be released until ten days from receipt of payment. Wire transfers are accepted with a $25.00 additional wire transfer fee added to the invoice price. Woodbury Auction LLC does not accept PayPal or BidPay. PLEASE NOTE THAT WOODBURY AUCTION TERMS AND CONDITIONS TAKE PRECEDENCE OVER ANY TERMS AND CONDITIONS SPECIFIED BY CREDIT/DEBIT CARD ISSUERS IN CONNECTION WITH PURCHASES BY CREDIT/DEBIT CARD. BY BIDDING AT OUR AUCTION YOU SPECIFICALLY ACKNOWLEDGE AWARENESS OF AND AGREEMENT WITH THIS PROVISION OF OUR TERMS AND CONDITIONS. Payment is due ten (10) days after the sale. If a buyer fails to make payment within the ten (10) day period, the account will be delinquent. Disputes will be filed against bidders for all delinquent Live Auctioneers invoices. If payment is not received within 15 days of the sale, any buyer credit card on record will be charged the invoice total plus the applicable 3% handling fee. If no credit card is available, or if a credit card number supplied is invalid or a credit card charge is rejected, Woodbury Auction LLC shall be entitled to do any or all of the following, in its sole discretion: a. After 15 Days - Void any or all purchases covered by the invoice and sell the item(s) to an underbidder or other bona fide buyer without liability to the delinquent buyer and without releasing said buyer from responsibility to pay for any remaining purchases or losses/damages incurred due to nonpayment. b. After 30 Days - File a Civil Complaint against the buyer to recover any balance due plus court fees, interest, storage fees, administrative costs, and any other applicable financial hardship caused to Woodbury Auction LLC and/or the consignor or pursue other collection avenues to recover any and all losses. c. After 45 Days - Re-offer the items for sale, either publicly or privately, and collect any remaining balance owed after such sale from the original buyer, including, but not limited to, the total balance remaining, court fees, interest, storage fees, administrative costs (including those related to re-selling the item(s) and any other related fees). d. Charge interest at a rate of 1% per month throughout the entire frame of non-payment. e. Reject further bidding or consignments by the buyer at any and all future auctions. 11. All purchases are subject to 6.35% Connecticut state sales tax unless the purchaser possesses a Connecticut sales tax exemption number, and provides Woodbury Auction with a valid, fully completed resale certificate. Valid exemption numbers from other states are accepted if accompanied by a fully completed resale certificate and a business card or letterhead. 12. WE DO NOT SHIP. ALL BUYERS ARE ENTIRELY RESPONSIBLE FOR SHIPPING. DO NOT CONTACT WOODBURY AUCTION FOR SHIPPING QUOTES OR ASSISTANCE. We do not maintain an in-house pack/ship department. Woodbury Auction, as a courtesy and convenience to our customers, has listed below several shippers you may contact to provide shipping estimates, arrange pickup of your items from Woodbury Auction, and arrange for shipping to your location. Business and Shipping Center of Southbury 203-264-2240 www.businessandshipping.com (smaller items) Beardsley's Antiques and Unique Curios 203-270-0471 (NY and Boston - night and weekend delivery only) Boxcar NY Transport Services 631-759-0534 Highland Moving 828-230-2922 Mizzentop 717-786-8809 Plycon Van Lines 631-269-7000 (Long distance) (Large items) Sure Express Worldwide 1-877-877-0889 sureexpress@maine.rr.com, www.SureExpressworldwide.com Top Quality Delivery Services 860-379-3424 (CT, NY, MA) (Large items) Transport Moving and Storage 800-495-1114 13. For buyers attending the live auction, all merchandise purchased must be paid for and removed from the premises the day of the auction. Storage charges will accrue at a rate of $10 to $50 per day, depending on the item, beginning fifteen (15) days after the sale. 14. In all instances Woodbury Auction's or the auctioneer's joint or several interpretation of these conditions is final and binding on all bidders, and by placing a bid all bidders acknowledge having read and agreed to these Terms and Conditions.

Local CT sale taxes will apply unless the purchaser possesses a Connecticut sales tax exemption number, and provides Woodbury Auction with a valid, fully completed resale certificate. Properly completed resale certificates from other states are accepted if and when timely presented along with a business card or letterhead.