LOUIS GOSSETT JR,ART,ASIAN ANTIQUES,AUTOS,

TERMS & CONDITIONS OF AUCTION 1. The offering and sale of property by King's Auction Inc. is subject to the following conditions of sale that may be modified or supplemented by oral announcements prior to or during the sale. By bidding at this auction each purchaser and bidder agrees to be bound by these terms and conditions of sale. 2. All property is sold AS IS, by lot and all bids are per lot as numbered in the catalog. ALL SALES ARE FINAL. All consignors have made written representation that they have good title to the property. King's Auction Inc. makes no independent warranty of title. All property is sold AS IS, and all warranties, express or implied, including without limitation, the implied warranties of MERCHANTABILITY and fitness of purpose are specifically disclaimed by King's Auction Inc. and their consignors. CATALOG DESCRIPTIONS ARE STATEMENTS OF OPINION ONLY. King's Auction Inc. disclaims all warranties arising from a course of dealing and usage in the trade and descriptions published in the catalog as to condition and measurements. No warranty, express or implied is made as to the transference of intellectual property rights. Buyer assumes risk of loss upon being declared the high bidder. PHYSICAL DIMENSIONS LISTED IN THE CATALOG ARE APPROXIMATE AND PROVIDED ONLY FOR THE PURPOSE OF ESTIMATING SHIPPING COSTS. 3. Bidders at the auction may bid in person, or, if they are pre-registered and approved by King's Auction Inc., they may bid by written absentee bid, by telephone, or by using the Internet. Internet bidders should register at least two hours prior to the start of the auction. It is agreed King's Auction Inc. will not be responsible for failure to execute absentee bids or electronic failures. The auctioneer reserves the right to reject a bid from any bidder. A lot will be sold to the highest bidder as determined in the sole and exclusive judgment of the auctioneer. Photos and descriptions have been posted on the Internet and we encourage telephone calls, e-mail or facsimile contact to ask questions. Internet bidders are encouraged to review each lot and be prepared to bid quickly. The auctioneer will, without liability, determine the bidding increments and maintains sole authority to resolve disputes. Lots may be auctioned with reserve, and auctioneer may advance the bidding on behalf of the seller's reserve without further notice. Neither Consignors nor their agents, except as in the preceding sentence, are allowed to bid on their own items. High and low estimates found in the catalog are listed only for guide purposes. 4. Bid Increments: MINIMUM VALUE MAXIMUM VALUE EXPECTED BID INCREMENT from US $0.00 to US $99. US $10. from US $100. to US $499. US $25 from US $500. to US $999. US $50. from US $1,000. to US $1,999. US $100. from US $2,000. to US $4,999. US $250. from US $5,000. to US $9,999. US $500. from US $10,000. to US $25,000 US $1000. from US $25,000. to US $50,000. US $2500. from US $50,000. to US $150,000. US $5000. above US $150,000 and up US $10,000. 5. PAYMENT BY BIDDERS All bidding and purchases at the auction will be in U.S. Dollars. For cataloged auction a buyer's premium will be added to the successful non-Internet bids of 18% for Internet bids a buyer's premium will be added to the successful bid of 18%; these amounts will be added to the amount of the successful bid price for lots purchased at the auction. In addition, buyers will be responsible to pay applicable State of California sales taxes. All Internet purchases must be paid in full within (5) days of completion of the auction. All other successful bidders must pay for purchases (in full) within one hour of the conclusion of the auction. Payment may be made in cash (U.S. Dollars), approved credit cards which are limited to Visa, MasterCard, and Discover. KING'S AUCTION INC. DOES NOT ACCEPT PAYMENT THROUGH PAY-PAL. Checks are accepted only from California residents presenting a valid California Driver's License issued by the California Department of Public Safety. Invoiced purchases in excess of $10,000 must be paid by bank wire transfer. Wire transfer instructions will be provided upon request. 6. QUALIFIED STATEMENTS BY THE AUCTIONEER OR AUCTION COMPANY ARE OPINIONS, NOT REPRESENTATIONS OF WARRANTIES. Statements and descriptions contained in the catalog, bill of sale, invoice, by auctioneer or elsewhere as to the manufacturer, artisan authorship, period, culture, source, origin, measurement, quality, rarity, provenance, importance, historical relevance or physical condition ARE QUALIFIED STATEMENTS OF OPINION ONLY AND ARE NOT REPRESENTATIONS OR WARRANTIES. Descriptions provided in any printed catalog, Internet catalog or Internet information do not include condition reports. The absence of a condition statement does not imply that the lot is in perfect condition or completely free from wear, tear, imperfections or the effects of aging. It is recommended all prospective bidders examine carefully all items in which they have an interest. You are welcome to inspect in person all items during our published inspection hours, and/or by appointment. We will assist you personally or by telephone, providing a physical description and our opinion. If you require absolute certainty in all areas of authenticity and description, we recommend you have an expert of your choice examine and research the item or lot for you OR that you do not bid on the item in question. By placing a bid, either in person, by phone, absentee or by Internet, you signify you have examined the items as fully as you desire to, or, you have chosen not to examine them. ALL SALES ARE FINAL. Jewelry items are not returnable for any reason after they leave the auction premises, ALL SALES ARE FINAL. No employee of King's Auction Inc. is authorized to make on its' behalf or on behalf of the Consignor, any representations or warranty, oral or written, with respect to the property to be auctioned. King's Auction Inc. has relied substantially upon information provided by its Consignors to describe the auction lots. King's Auction Inc. reserves the right to withdraw any lot at any time before it is sold. 7. REMOVAL OF PROPERTY AFTER PURCHASE ALL PAID FOR PROPERTY SHALL BE REMOVED FROM OUR PREMISES AT THE PURCHASER'S EXPENSE NO LATER THAN 5:00 PM ON THE MONDAY FOLLOWING THE SALE DATE, except Internet bidders. Internet purchases must be picked up within 21 calendar days of the auction. If purchases are not picked up within the specified time periods, beneficial bailee rights of the purchaser cease and a storage fee of $25.00 per lot, per day will be payable to King's Auction Inc. by the purchaser. Further, after the required pickup dates, King's Auction Inc., may transfer the property to a public warehouse at the purchaser's risk and expense or, at the option of King'sAuction Inc., the property may be sold at public auction, without notice to the previous purchaser and all the proceeds from such sale will be retained by King's Aunction Inc. as liquidated damages. If merchandise belonging to a purchaser is lost by fire, theft, damage or any other reason, prior to the purchaser taking possession of same within the above specified time periods, the liability of King's Auction Inc. shall be limited to the actual amount paid for the same at the auction wherein it was acquired and shall in no event include any incidental or consequential damages. 8. SHIPPING INFORMATION Packing, handling and shipping of purchased lots is the sole responsibility and strictly at the option of the purchaser. King's Auction Inc. does not provide packing or shipping services. Shipping referrals are availible. All such companies are independent of King's Auction Inc., and if contracted with or for, they will be acting as your agent. King's Auction Inc. receives no compensation for shipping referrals. We urge you, the purchaser, to obtain shipping insurance and more than one shipping quote. Items can be picked up at King's Auction Inc. by shipping services on buyer's behalf. 10. Purchasers hereby give irrevocable permission for King's Auction Inc. to charge the credit card that they have submitted with their request to participate in this auction, for any and all purchases made by them at this auction.

Local Taxes Apply

ALL SALES ARE FINAL. The absence of a condition statement does not imply that the lot is in perfect condition or completely free from wear, tear, imperfections or the effects of aging. It is recommended all prospective bidders examine carefully all items in which they have an interest. We will assist you by email or by telephone, providing a physical description and our opinion. If you require absolute certainty in all areas of authenticity and description, we recommend you have an expert of your choice examine and research the item or lot for you OR that you do not bid on the item in question. By placing a bid, either in person, by phone, absentee or by Internet, you signify you have examined the items as fully as you desire to, or, you have chosen not to examine them. ALL SALES ARE FINAL