2nd Annual Jewelry Auction

Buyer?s Premium: There will be an additional 22% buyer?s premium added to the final hammer price as well as a $20 handling fee which will be added to the successful bid price of each lot you buy and is payable by you together with the applicable sales tax which is applied to the total cost of the purchase. The following are Procedures, Terms and Conditions on which all such Property listed is offered for sale by Manitou Galleries, Palace Jewelers, as agent for various owners or other Consignors: 1. Manitou Galleries reserves the right to withdraw Property at any time before or at the sale and shall have no liability for such withdrawal. 2. All Property will be sold ?AS IS?. With respect to each lot of Property, Manitou Galleries does not make any guarantees, warranties, or representations, expressed or implied, as to merchantability or fitness for a particular purpose, the correctness of the catalogue or the authenticity or description of the Property, its physical condition, size, quality, rarity, importance, medium, provenance, exhibitions, literature, or historical relevance. No statement, anywhere, whether oral or written, whether made in the catalogue, an advertisement, a bill of sale, a salesroom posting or announcement, or elsewhere, shall be deemed such a warranty, representation, or assumption of liability. 3. Manitou Galleries and/or Auctioneer reserves the right to reject any bids. The highest bidder acknowledged by the Auctioneer shall be the Purchaser. In the event of any dispute between bidders, the Auctioneer will have absolute and final discretion to either determine the successful bidder or to re-offer and resell the Property item in dispute. After the sale, Manitou Galleries record of final sale shall be conclusive. 4. At the fall of the Auctioneer?s hammer (final online bid), the Purchaser shall (a) be acknowledged by bidder number by the auctioneer or online platform and (b) pay the hammer price. In addition, Purchaser may be required to sign a confirmation of purchase. All sales are final with no exchanges or returns. 5. Unless exempted by law, the Purchaser will be required to pay any and all state and local tax pertaining to sales (sales tax, transaction privileged, etc...). It is the Purchaser's responsibility to pay any applicable use tax imposed by their state of residence on the total purchase price. In the event that sales tax has not been included in the invoiced amount and it is subsequently determined that Manitou Galleries was required to collect sales tax in connection herewith, Purchaser shall Manitou Galleries upon demand for any sales tax (or equivalent) accessed or due as a result of goods or services provided by Manitou Galleries hereunder, unless Purchaser provides Manitou Galleries evidence of exemption from such taxes. 6. Some items of Property may be offered subject to a ?reserve? or confidential minimum price below which the item will not be sold. In such instances, Manitou Galleries may implement the reserve by bidding through the Auctioneer on behalf of the Consignor. 7. Neither Manitou Galleries nor Auctioneer, nor Consignor make any representations whatsoever that the Purchaser of a work of art will acquire any reproduction rights thereto. 8. These Conditions of Sale and any other applicable conditions, as well as the Purchaser?s and Manitou Galleries rights and obligations herein shall be governed by, construed and enforced in accordance with the laws of the State of New Mexico. If these conditions are not complied with by the Purchaser, Manitou Galleries may, in addition to other remedies available by law, including, without limitation, the right to hold the Purchaser liable for the total purchase price stated on the Confirmation of Purchase Invoice, either (a) cancel the sale and retain as liquidated damages any and all payments made by the Purchaser or (b) resell the Property privately or at public auction on three days? notice to the Purchaser for the payment of any deficiency in the purchase price and all costs including handling charges, warehousing, the expense of both sales, the commissions, reasonable attorneys? fees, any and all other charges due and incidental damages. 9. Biding on any item indicates your acceptance of these terms and all other terms announced at the time of sale whether bidding in person, by phone, by Internet, by absentee bid, or through a representative.

Online purchases from Palace Jewelers Auction may be subject to sales tax. Please see the following for more details. If you are tax-exempt, you can submit your tax-exempt certificate to prevent the collection of tax. Learn more about tax-exemption.