Done
New York, NY, United States
Auction Details
Works from the James Rosenquist Estate
Phillips Editions is proud to present prints from the Estate of James Rosenquist that celebrate the evolution of his printmaking from 1965 to 2012. One of the original iconic Pop artists, Rosenquist was an innovator across mediums who pushed the boundaries of imagery and technique to present a body of work that combined advertising, consumerism, and American life across the second half of the 20th century.
Lot Number: Lowest
24
Auction Details
Bid Increments
PriceBid Increment
$0$50
$1,000$100
$2,000$200
$3,000$200
$3,200$300
$3,800$200
$4,200$300
$4,800$200
$5,000$500
$10,000$1,000
$20,000$2,000
$32,000$3,000
$38,000$2,000
$42,000$3,000
$48,000$2,000
$50,000$5,000
$100,000$10,000
$200,000$20,000
$320,000$30,000
$380,000$20,000
$420,000$30,000
$480,000$20,000
$500,000$50,000
$1,000,000$100,000
$2,000,000$200,000
$3,200,000$300,000
$3,800,000$200,000
$4,200,000$300,000
Preview
Viewing 1 February - 14 February
Monday-Saturday 10:00am-6:00pm
Sunday 12:00pm-6:00pm
432 Park Avenue
New York, NY 10022
USA
Buyer's Premium
- 27% up to $800,000.00
- 21% up to $4,500,000.00
- 14.5% above $4,500,000.00
Terms & Conditions
The Conditions of Sale and Authorship Warranty set forth below govern
the relationship between bidders and buyers, on the one hand, and Phillips
and sellers, on the other hand. All prospective buyers should read these
Conditions of Sale and Authorship Warranty carefully before bidding.
1.
INTRODUCTION
Each lot in this catalogue is offered for sale and sold subject to: (a) the
Conditions of Sale and Authorship Warranty; (b) additional notices and
terms printed in other places in this catalogue, including the Guide for
Prospective Buyers and (c) supplements to this catalogue or other written
material posted by Phillips in the saleroom, in each case as amended by any
addendum or announcement by the auctioneer prior to the auction.
By bidding at the auction, whether in person, through an agent, by written
bid, by telephone, online or other means, bidders and buyers agree to be
bound by these Conditions of Sale, as so changed or supplemented, and
Authorship Warranty.
These Conditions of Sale, as so changed or supplemented, and Authorship
Warranty contain all the terms on which Phillips and the seller contract with
the buyer.
2.
PHILLIPS AS AGENT
Phillips acts as an agent for the seller, unless otherwise indicated in this
catalogue or at the time of auction. On occasion, Phillips may own a lot
directly, in which case we will act in a principal capacity as a consignor,
or a company affiliated with Phillips may own a lot, in which case we will
act as agent for that company, or Phillips or an affiliated company may
have a legal, beneficial or financial interest in a lot as a secured creditor or
otherwise.
3.
CATALOGUE DESCRIPTIONS AND CONDITION OF PROPERTY
Lots are sold subject to the Authorship Warranty, as described in the
catalogue (unless such description is changed or supplemented, as
provided in Paragraph 1 above) and in the condition that they are in at the
time of the sale on the following basis:
(a) The knowledge of Phillips in relation to each lot is partially dependent
on information provided to us by the seller, and Phillips is not able to and
does not carry out exhaustive due diligence on each lot. Prospective
buyers acknowledge this fact and accept responsibility for carrying out
inspections and investigations to satisfy themselves as to the lots in which
they may be interested. Notwithstanding the foregoing, we shall exercise
such reasonable care when making express statements in catalogue
descriptions or condition reports as is consistent with our role as auctioneer
of lots in this sale and in light of (i) the information provided to us by the
seller; (ii) scholarship and technical knowledge and (iii) the generally
accepted opinions of relevant experts, in each case at the time any such
express statement is made.
(b) Each lot offered for sale at Phillips is available for inspection by
prospective buyers prior to the auction. Phillips accepts bids on lots on the
basis that bidders (and independent experts on their behalf, to the extent
appropriate given the nature and value of the lot and the bidder?s own
expertise) have fully inspected the lot prior to bidding and have satisfied
themselves as to both the condition of the lot and the accuracy of its
description.
(c) Prospective buyers acknowledge that many lots are of an age and type
which means that they are not in perfect condition. As a courtesy to clients,
Phillips may prepare and provide condition reports to assist prospective
buyers when they are inspecting lots. Catalogue descriptions and condition
reports may make reference to particular imperfections of a lot, but bidders
should note that lots may have other faults not expressly referred to in the
catalogue or condition report. All dimensions are approximate. Illustrations
are for identification purposes only and cannot be used as precise
indications of size or to convey full information as to the actual condition of
lots.
(d) Information provided to prospective buyers in respect of any lot,
including any pre-sale estimate, whether written or oral, and information in
any catalogue, condition or other report, commentary or valuation, is not a
representation of fact but rather a statement of opinion held by Phillips. Any
pre-sale estimate may not be relied on as a prediction of the selling price
or value of the lot and may be revised from time to time by Phillips in our
absolute discretion. Neither Phillips nor any of our affiliated companies shall
be liable for any difference between the pre-sale estimates for any lot and
the actual price achieved at auction or upon resale.
4.
BIDDING AT AUCTION
(a) Phillips has absolute discretion to refuse admission to the auction or
participation in the sale. All bidders must register prior to bidding, supplying
such information and references as required by Phillips.
(b) As a convenience to bidders who cannot attend the auction in person,
Phillips may, if so instructed by the bidder, execute written absentee bids
on a bidder?s behalf. Absentee bidders are required to submit bids on
the ?Absentee Bid Form,? a copy of which is printed in this catalogue or
otherwise available from Phillips. Bids must be placed in the currency of
the sale. The bidder must clearly indicate the maximum amount he or she
intends to bid, excluding the buyer?s premium and any applicable sales
or use taxes. The auctioneer will not accept an instruction to execute an
absentee bid which does not indicate such maximum bid. Our staff will
attempt to execute an absentee bid at the lowest possible price taking into
account the reserve and other bidders. Any absentee bid must be received
at least 24 hours in advance of the sale. In the event of identical bids, the
earliest bid received will take precedence.
(c) Telephone bidders are required to submit bids on the ?Telephone
Bid Form,? a copy of which is printed in this catalogue or otherwise
available from Phillips. Telephone bidding is available for lots whose low
pre-sale estimate is at least $1000. Phillips reserves the right to require
written confirmation of a successful bid from a telephone bidder by fax
or otherwise immediately after such bid is accepted by the auctioneer.
Telephone bids may be recorded and, by bidding on the telephone, a bidder
consents to the recording of the conversation.
(d) Bidders may participate in an auction by bidding online through Phillips?s
online live bidding platform available on our website at www.phillips.com.
To bid online, bidders must register online at least 24 hours before the
start of the auction. Online bidding is subject to approval by Phillips?s bid
department in our sole discretion. As noted in Paragraph 3 above, Phillips
encourages online bidders to inspect prior to the auction any lot(s) on which
they may bid, and condition reports are available upon request. Bidding
in a live auction can progress quickly. To ensure that online bidders are
not placed at a disadvantage when bidding against bidders in the room or
on the telephone, the procedure for placing bids through Phillips?s online
bidding platform is a one-step process. By clicking the bid button on the
computer screen, a bidder submits a bid. Online bidders acknowledge and
agree that bids so submitted are final and may not under any circumstances
be amended or retracted. During a live auction, when bids other than online
bids are placed, they will be displayed on the online bidder?s computer
screen as ?floor,? ?phone? or ?paddle no? bids. ?Floor? bids include bids made
by the auctioneer to protect the reserve. In the event that an online bid
and a ?floor? or ?phone? bid are identical, the ?floor? or ?phone? bid will take
precedence. The next bidding increment is shown for the convenience of
online bidders under the bid button. The bidding increment available to
online bidders may vary from the next bid actually taken by the auctioneer,
as the auctioneer may deviate from Phillips?s standard increments at any
time at his or her discretion, but an online bidder may only place a bid in a
whole bidding increment. Phillips?s bidding increments are published in the
Guide for Prospective Buyers.
(e) When making a bid, whether in person, by absentee bid, on the
telephone or online, a bidder accepts personal liability to pay the purchase
price, as described more fully in Paragraph 6 (a) below, plus all other
applicable charges unless it has been explicitly agreed in writing with
Phillips before the commencement of the auction that the bidder is acting
as agent on behalf of an identified third party acceptable to Phillips and that
we will only look to the principal for such payment. If you are being advised
by anyone to bid, you should confirm with them that they do not have a
financial interest in the Lot.
CONDITIONS OF SALE
Effective as of October 19, 2023
(f) By registering and participating in the auction, whether in person, by
absentee bid, on the telephone or online, bidders represent, warrant and
confirm that (i) unless otherwise expressly agreed in writing with Phillips
prior to the auction, they are bidding on their own behalf and not on behalf
of anyone else (ii) they will be paying the Purchase Price from their own
funds (iii) that their participation in the auction and payment of the Purchase
Price is lawful and shall not breach any applicable sanctions laws, and
(iv) any bids placed by them, or on their behalf, are not the product of any
collusive or other anti-competitive agreement and are otherwise consistent
with federal and state antitrust law, and are not in breach of any applicable
law, Government sanctions and other regulatory measures in force from
time to time.
(g) Arranging absentee, telephone and online bids is a free service
provided by Phillips to prospective buyers. While we undertake to exercise
reasonable care in undertaking such activity, we cannot accept liability
for failure to execute such bids except where such failure is caused by our
willful misconduct.
(h) Employees of Phillips and our affiliated companies, including the
auctioneer, may bid at the auction by placing absentee bids so long as
they do not know the reserve when submitting their absentee bids and
otherwise comply with our employee bidding procedures.
5.
CONDUCT OF THE AUCTION
(a) Unless otherwise indicated by the symbol ? each lot is offered subject to
a reserve, which is the confidential minimum selling price agreed by Phillips
with the seller. The reserve will not exceed the low pre-sale estimate at the
time of the auction.
(b)The auctioneer has discretion at any time to refuse any bid, withdraw
any lot, re-offer a lot for sale (including after the fall of the hammer) if he
or she believes there may be error or dispute and take such other action
as he or she deems reasonably appropriate. Phillips shall have no liability
whatsoever for any such action taken by the auctioneer. If any dispute arises
after the sale, our sale record is conclusive. The auctioneer may accept bids
made by a company affiliated with Phillips provided that the bidder does
not know the reserve placed on the lot.
(c) The auctioneer will commence and advance the bidding at levels and in
increments he or she considers appropriate. In order to protect the reserve
on any lot, the auctioneer may place one or more bids on behalf of the seller
up to the reserve without indicating he or she is doing so, either by placing
consecutive bids or bids in response to other bidders. If a lot is offered
without reserve, unless there are already competing absentee bids, the
auctioneer will generally open the bidding at 50% of the lot?s low pre-sale
estimate. In the absence of a bid at that level, the auctioneer will proceed
backwards at his or her discretion until a bid is recognized and will then
advance the bidding from that amount. Absentee bids on no reserve lots
will, in the absence of a higher bid, be executed at approximately 50% of the
low pre-sale estimate or at the amount of the bid if it is less than 50% of the
low pre-sale estimate. If there is no bid whatsoever on a no reserve lot, the
auctioneer may deem such lot unsold.
(d) The sale will be conducted in US dollars and payment is due in US
dollars. For the benefit of international clients, pre-sale estimates in the
auction catalogue may be shown in pounds sterling and/or euros and, if so,
will reflect approximate exchange rates. Accordingly, estimates in pounds
sterling or euros should be treated only as a guide. If a currency converter is
operated during the sale, it is done so as a courtesy to bidders, and Phillips
accepts no responsibility for any errors in currency conversion calculation.
(e) Subject to the auctioneer?s reasonable discretion, the highest bidder
accepted by the auctioneer will be the buyer and the striking of the hammer
marks the acceptance of the highest bid and the conclusion of a contract
for sale between the seller and the buyer. Risk and responsibility for the lot
passes to the buyer as set forth in Paragraph 7 below.
(f) If a lot is not sold, the auctioneer will announce that it has been ?passed,?
?withdrawn,? ?returned to owner? or ?bought-in.?
(g) Any post-auction sale of lots offered at auction shall incorporate these
Conditions of Sale and Authorship Warranty as if sold in the auction.
6.
PURCHASE PRICE AND PAYMENT
(a) The buyer agrees to pay us, in addition to the hammer price of the lot,
the buyer?s premium and any applicable sales tax (the ?Purchase Price?).
The buyer?s premium is 27% of the hammer price up to and including
$1,000,000, 21% of the portion of the hammer price above $1,000,000
up to and including $6,000,000 and 14.5% of the portion of the hammer
price above $6,000,000. Phillips reserves the right to pay from our
compensation an introductory commission to one or more third parties for
assisting in the sale of property offered and sold at auction.
(b) Sales tax, use tax and excise and other taxes are payable in accordance
with applicable law. All prices, fees, charges and expenses set out in these
Conditions of Sale are quoted exclusive of applicable taxes. Phillips will
only accept valid resale certificates from US dealers as proof of exemption
from sales tax. All foreign buyers should contact the Client Accounting
Department about tax matters.
(c) Unless otherwise agreed, a buyer is required to pay for a purchased lot
immediately following the auction regardless of any intention to obtain an
export or import license or other permit for such lot. Payments must be
made by the invoiced party in US dollars either by cash or wire transfer, as
follows:
(i) Phillips will accept payment in cash provided that the total amount paid in
cash or cash equivalents does not exceed US$2,000. Buyers paying in cash
should do so in person at our Client Accounting Desk at 432 Park Avenue
during regular weekday business hours.
(ii) Payment by wire transfer may be sent directly to Phillips. Bank transfer
details:
Bank of America, N. A.
One Bryant Park, New York, NY 10036
SWIFT Code: BOFAUS3N
ABA Routing: 026009593
For the account of: Phillips Auctioneers LLC
Account no.: 483084171064
Please reference the relevant sale and lot number.
(d) As a courtesy to clients, Phillips will accept American Express, Visa and
MasterCard to pay for invoices of $30,000 or less.
(e) Title in a purchased lot will not pass until Phillips has received the
Purchase Price for that lot in cleared funds. Phillips is not obliged to
release a lot to the buyer until title in the lot has passed and appropriate
identification has been provided, and any earlier release does not affect the
passing of title or the buyer?s unconditional obligation to pay the Purchase
Price.
7.
COLLECTION OF PROPERTY
(a) Phillips will not release a lot to the buyer until we have received
payment of its Purchase Price in full in cleared funds, the buyer has paid
all outstanding amounts due to Phillips or any of our affiliated companies,
including any charges payable pursuant to Paragraph 8 (a) below, and
the buyer has satisfied such other terms as we in our sole discretion shall
require, including completing any anti-money laundering or anti-terrorism
financing checks. As soon as a buyer has satisfied all of the foregoing
conditions, he or she should contact our Shipping Department at +1
212 940 1372 or +1 212 940 1373 to arrange for collection of purchased
property.
(b) The buyer must arrange for collection of a purchased lot within seven
days of the date of the auction. Promptly after the auction, we will transfer
all lots to our warehouse located at 29-09 37th Avenue in Long Island City,
Queens, New York. All purchased lots should be collected at this location
during our regular weekday business hours. As a courtesy to clients, Phillips
will upon request transfer on a bi-weekly basis purchased lots suitable for
hand carry back to our premises at 432 Park Avenue, New York, New York
for collection within 30 days following the date of the auction. Purchased
lots are at the buyer?s risk, including the responsibility for insurance, from
the earlier to occur of (i) the date of collection or (ii) seven days after the
auction. Until risk passes, Phillips will compensate the buyer for any loss or
damage to a purchased lot up to a maximum of the Purchase Price paid,
subject to our usual exclusions for loss or damage to property.
(c) As a courtesy to clients, Phillips will, without charge, wrap purchased
lots for hand carry only. We will, at the buyer?s expense, either provide
packing, handling, insurance and shipping services or coordinate with
shipping agents instructed by the buyer in order to facilitate such services
for property bought at Phillips. Any such instruction, whether or not made
at our recommendation, is entirely at the buyer?s risk and responsibility, and
we will not be liable for acts or omissions of third party packers or shippers.
Third party shippers should contact us by telephone at +1 212 940 1376 or
by fax at +1 212 924 6477 at least 24 hours in advance of collection in order
to schedule pickup.
(d) Phillips will require presentation of government issued identification
prior to release of a lot to the buyer or the buyer?s authorized
representative.
8.
FAILURE TO COLLECT PURCHASES
(a) If the buyer pays the Purchase Price but fails to collect a purchased lot
within 30 days of the auction, the buyer will incur a late collection fee of $10
per day for each uncollected lot. Additional charges may apply to oversized
lots. We will not release purchased lots to the buyer until all such charges
have been paid in full.
(b) If a purchased lot is paid for but not collected within six months of the
auction, the buyer authorizes Phillips, upon notice, to arrange a resale of the
item by auction or private sale, with estimates and a reserve set at Phillips?s
reasonable discretion. The proceeds of such sale will be applied to pay
for storage charges and any other outstanding costs and expenses owed
by the buyer to Phillips or our affiliated companies and the remainder will
be forfeited unless collected by the buyer within two years of the original
auction.
9.
REMEDIES FOR NON-PAYMENT
(a) Without prejudice to any rights the seller may have, if the buyer without
prior agreement fails to make payment of the Purchase Price for a lot in
cleared funds within seven days of the auction, Phillips may in our sole
discretion exercise one or more of the following remedies: (i) store the lot
at Phillips?s premises or elsewhere at the buyer?s sole risk and expense at
the same rates as set forth in Paragraph 8 (a) above; (ii) cancel the sale of
the lot, retaining any partial payment of the Purchase Price as liquidated
damages; (iii) reject future bids from the buyer or render such bids subject
to payment of a deposit; (iv) charge interest at 12% per annum from the
date payment became due until the date the Purchase Price is received
in cleared funds; (v) subject to notification of the buyer, exercise a lien
over any of the buyer?s property which is in the possession of Phillips and
instruct our affiliated companies to exercise a lien over any of the buyer?s
property which is in their possession and, in each case, no earlier than 30
days from the date of such notice, arrange the sale of such property and
apply the proceeds to the amount owed to Phillips or any of our affiliated
companies after the deduction from sale proceeds of our standard vendor?s
commission and all sale-related expenses; (vi) resell the lot by auction
or private sale, with estimates and a reserve set at Phillips reasonable
discretion, it being understood that in the event such resale is for less
than the original hammer price and buyer?s premium for that lot, the buyer
will remain liable for the shortfall together with all costs incurred in such
resale; (vii) commence legal proceedings to recover the hammer price and
buyer?s premium for that lot, together with interest and the costs of such
proceedings; (viii) set off the outstanding amount remaining unpaid by the
buyer against any amounts which we or any of our affiliated companies
may owe the buyer in any other transactions; (ix) release the name and
address of the buyer to the seller to enable the seller to commence legal
proceedings to recover the amounts due and legal costs or (x) take such
other action as we deem necessary or appropriate.
(b) As security to us for full payment by the buyer of all outstanding amounts
due to Phillips and our affiliated companies, Phillips retains, and the buyer
grants to us, a security interest in each lot purchased at auction by the buyer
and in any other property or money of the buyer in, or coming into, our
possession or the possession of one of our affiliated companies. We may
apply such money or deal with such property as the Uniform Commercial
Code or other applicable law permits a secured creditor to do. In the event
that we exercise a lien over property in our possession because the buyer is
in default to one of our affiliated companies, we will so notify the buyer. Our
security interest in any individual lot will terminate upon actual delivery of
the lot to the buyer or the buyer?s agent.
(c) In the event the buyer is in default of payment to any of our affiliated
companies, the buyer also irrevocably authorizes Phillips to pledge the
buyer?s property in our possession by actual or constructive delivery to our
affiliated company as security for the payment of any outstanding amount
due. Phillips will notify the buyer if the buyer?s property has been delivered
to an affiliated company by way of pledge.
10.
RESCISSION BY PHILLIPS
Phillips shall have the right, but not the obligation, to rescind a sale without
notice to the buyer if we reasonably believe that there is a material breach
of the seller?s representations and warranties or the Authorship Warranty or
an adverse claim is made by a third party. Upon notice of Phillips?s election
to rescind the sale, the buyer will promptly return the lot to Phillips, and
we will then refund the Purchase Price paid to us. As described more fully
in Paragraph 13 below, the refund shall constitute the sole remedy and
recourse of the buyer against Phillips and the seller with respect to such
rescinded sale.
11.
EXPORT, IMPORT AND ENDANGERED SPECIES LICENSES
AND PERMITS
Before bidding for any property, prospective buyers are advised to
make their own inquiries as to whether a license is required to export a
lot from the US or to import it into another country. Prospective buyers
are advised that some countries prohibit the import of property made
of or incorporating plant or animal material, such as coral, crocodile,
ivory, whalebone, Brazilian rosewood, rhinoceros horn or tortoiseshell,
irrespective of age, percentage or value. Accordingly, prior to bidding,
prospective buyers considering export of purchased lots should familiarize
themselves with relevant export and import regulations of the countries
concerned. It is solely the buyer?s responsibility to comply with these laws
and to obtain any necessary export, import and endangered species
licenses or permits. Failure to obtain a license or permit or delay in so
doing will not justify the cancellation of the sale or any delay in making full
payment for the lot. As a courtesy to clients, Phillips has marked in the
catalogue lots containing potentially regulated plant or animal material,
but we do not accept liability for errors or for failing to mark lots containing
protected or regulated species.
EXPORT AND IMPORT BANS AND RESTRICTIONS
Buyers should note that the export of items offered for sale in the Auction
to certain countries (including Russia and Belarus) may be prohibited
pursuant to Government sanctions and other regulatory measures in force
from time to time. Please contact the department organizing the Auction
for further details.
12.
PRIVACY
(a) You acknowledge and understand that we may process your personal
data (including potentially special category data) in accordance with
our privacy policy from time to time as published at www.phillips.com or
available by emailing dataprotection@phillips.com.
(b) Our privacy policy sets out: (i) the types of personal data we will or may
collect and process; (ii) the purposes for which we will or may process your
personal data (including for example the provision of auction, private sale
and related services; the performance and enforcement of these terms
and conditions; the carrying out of identity and credit checks; keeping you
informed about upcoming auctions, exhibitions and special events; and
generally where reasonably necessary in the management and operation
of our business); (iii) the lawful bases on which we rely in undertaking
our processing of your personal data; (iv) your rights in respect of our
processing of your personal data; and (v) various other information as
required by applicable laws.
(c) Phillips premises and sale and exhibition venues are subject to CCTV
video surveillance and recording for security, client service and bid
monitoring purposes and will be filmed during the auction for simultaneous
live broadcast on our and third party websites and applications. By
remaining in these areas, you acknowledge that you may be photographed,
filmed and recorded and grant your permission for your likeness and voice
to be included in such recordings. If you do not wish to be photographed or
filmed or appear in such recordings, please speak to a member of Phillips
staff.
Your communications with Phillips, including by telephone and online (e.g.
telephone and on-line bidding) may also be recorded for security, client
service and bid monitoring purposes. Where we record such information
we will process it in accordance with our Privacy Policy available at www.
phillips.com.
13.
LIMITATION OF LIABILITY
(a) Subject to subparagraph (e) below, the total liability of Phillips, our
affiliated companies and the seller to the buyer in connection with the sale
of a lot shall be limited to the Purchase Price actually paid by the buyer for
the lot.
(b) Except as otherwise provided in this Paragraph 13, none of Phillips,
any of our affiliated companies or the seller (i) is liable for any errors
or omissions, whether orally or in writing, in information provided to
prospective buyers by Phillips or any of our affiliated companies or (ii)
accepts responsibility to any bidder in respect of acts or omissions, whether
negligent or otherwise, by Phillips or any of our affiliated companies in
connection with the conduct of the auction or for any other matter relating
to the sale of any lot.
(c) All warranties other than the Authorship Warranty, express or implied,
including any warranty of satisfactory quality and fitness for purpose, are
specifically excluded by Phillips, our affiliated companies and the seller to
the fullest extent permitted by law.
(d) Subject to subparagraph (e) below, none of Phillips, any of our affiliated
companies or the seller shall be liable to the buyer for any loss or damage
beyond the refund of the Purchase Price referred to in subparagraph (a)
above, whether such loss or damage is characterized as direct, indirect,
special, incidental or consequential, or for the payment of interest on the
Purchase Price to the fullest extent permitted by law.
(e) No provision in these Conditions of Sale shall be deemed to exclude or
limit the liability of Phillips or any of our affiliated companies to the buyer
in respect of any fraud or fraudulent misrepresentation made by any of us
or in respect of death or personal injury caused by our negligent acts or
omissions.
14.
COPYRIGHT
The copyright in all images, illustrations and written materials produced
by or for Phillips relating to a lot, including the contents of this catalogue,
is and shall remain at all times the property of Phillips and such images
and materials may not be used by the buyer or any other party without
our prior written consent. Phillips and the seller make no representations
or warranties that the buyer of a lot will acquire any copyright or other
reproduction rights in it.
15.
GENERAL
(a) These Conditions of Sale, as changed or supplemented as provided in
Paragraph 1 above, and Authorship Warranty set out the entire agreement
between the parties with respect to the transactions contemplated herein
and supersede all prior and contemporaneous written, oral or implied
understandings, representations and agreements.
(b) Notices to Phillips shall be in writing and addressed to the department in
charge of the sale, quoting the reference number specified at the beginning
of the sale catalogue. Notices to clients shall be addressed to the last
address notified by them in writing to Phillips.
(c) These Conditions of Sale are not assignable by any buyer without our
prior written consent but are binding on the buyer?s successors, assigns and
representatives.
(d) Should any provision of these Conditions of Sale be held void, invalid
or unenforceable for any reason, the remaining provisions shall remain in
full force and effect. No failure by any party to exercise, nor any delay in
exercising, any right or remedy under these Conditions of Sale shall act as a
waiver or release thereof in whole or in part.
16.
LAW AND JURISDICTION
(a) The rights and obligations of the parties with respect to these
Conditions of Sale and Authorship Warranty, the conduct of the auction
and any matters related to any of the foregoing shall be governed by and
interpreted in accordance with laws of the State of New York, excluding its
conflicts of law rules.
(b) Phillips, all bidders and all sellers agree to the exclusive jurisdiction of
the (i) state courts of the State of New York located in New York City and
(ii) the federal courts for the Southern and Eastern Districts of New York
to settle all disputes arising in connection with all aspects of all matters or
transactions to which these Conditions of Sale and Authorship Warranty
relate or apply.
(c) All bidders and sellers irrevocably consent to service of process or any
other documents in connection with proceedings in any court by facsimile
transmission, personal service, delivery by mail or in any other manner
permitted by New York law or the law of the place of service, at the last
address of the bidder or seller known to Phillips.
17.
SALES TAX
(a) Unless the buyer has delivered a valid certificate evidencing exemption
from tax, the buyer shall pay applicable sales tax on any lot picked up
or delivered anywhere in the states of New York, California, Colorado,
Connecticut, Florida, Illinois, Michigan, Minnesota, Arizona, Arkansas,
Georgia, Hawaii, Idaho, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine,
Maryland, Massachusetts, Missouri, Nebraska, Nevada, New Jersey, New
Mexico, North Carolina, Ohio, Oklahoma, Pennsylvania, Rhode Island, South
Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington,
Wisconsin, Wyoming, Washington DC or the commonwealth of Puerto Rico.
(b) If the point of delivery or transfer of possession for any purchased lot to
the buyer or the buyer?s designee (including any private carrier) occurs in
New York, then the sale is subject to New York sales tax at the existing rate
of 8.875%.
(c) If the buyer arranges shipping for any purchased lot in New York by a
common carrier (such as the United States Postal Service, United Parcel
Service, or FedEx) that does not operate under a private agreement
or contract with negotiated terms to be delivered to an out of state
destination, then the sale is not subject to New York sales tax.
AUTHORSHIP WARRANTY
Phillips warrants the authorship of property in this auction catalogue
described in headings in BOLD or CAPITALIZED type for a period of five
years from date of sale by Phillips, subject to the exclusions and limitations
set forth below.
(a) Phillips gives this Authorship Warranty only to the original buyer of
record (i.e., the registered successful bidder) of any lot. This Authorship
Warranty does not extend to (i) subsequent owners of the property,
including purchasers or recipients by way of gift from the original buyer,
heirs, successors, beneficiaries and assigns; (ii) property where the
description in the catalogue states that there is a conflict of opinion on the
authorship of the property; (iii) property where our attribution of authorship
was on the date of sale consistent with the generally accepted opinions
of specialists, scholars or other experts; (iv) property whose description
or dating is proved inaccurate by means of scientific methods or tests not
generally accepted for use at the time of the publication of the catalogue
or which were at such time deemed unreasonably expensive or impractical
to use or likely in our reasonable opinion to have caused damage or loss
in value to the lot or (v) property where there has been no material loss in
value from the value of the lot had it been as described in the heading of the
catalogue entry.
(b) In any claim for breach of the Authorship Warranty, Phillips reserves the
right, as a condition to rescinding any sale under this warranty, to require
the buyer to provide to us at the buyer?s expense the written opinions of
two recognized experts approved in advance by Phillips. We shall not be
bound by any expert report produced by the buyer and reserve the right to
consult our own experts at our expense. If Phillips agrees to rescind a sale
under the Authorship Warranty, we shall refund to the buyer the reasonable
costs charged by the experts commissioned by the buyer and approved in
advance by us.
(c) Subject to the exclusions set forth in subparagraph (a) above, the buyer
may bring a claim for breach of the Authorship Warranty provided that (i) he
or she has notified Phillips in writing within three months of receiving any
information which causes the buyer to question the authorship of the lot,
specifying the auction in which the property was included, the lot number
in the auction catalogue and the reasons why the authorship of the lot is
being questioned and (ii) the buyer returns the lot to Phillips to the saleroom
in which it was purchased in the same condition as at the time of its auction
and is able to transfer good and marketable title in the lot free from any third
party claim arising after the date of the auction. Phillips has discretion to
waive any of the foregoing requirements set forth in this subparagraph (c)
or subparagraph (b) above.
(d) The buyer understands and agrees that the exclusive remedy for any
breach of the Authorship Warranty shall be rescission of the sale and refund
of the original Purchase Price paid. This remedy shall constitute the sole
remedy and recourse of the buyer against Phillips, any of our affiliated
companies and the seller and is in lieu of any other remedy available as
a matter of law or equity. This means that none of Phillips, any of our
affiliated companies or the seller shall be liable for loss or damage beyond
the remedy expressly provided in this Authorship Warranty, whether such
loss or damage is characterized as direct, indirect, special, incidental or
consequential, or for the payment of interest on the original Purchase Price.
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