ANNUAL NEW YEARS DAY AUCTION 2007

TERMS AND CONDITIONS OF SALE NOTICE TO ALL LIVE EBAY BIDDERS: Our live auction is held at a location away from our business offices, each item must be packed and transported to the live auction site, and therefore, additional photo requests and condition reports cannot be given once items are packed prior to the auction. We make every attempt to list any condition beyond normal wear and tear as appropriate for the item and its age. Each lot is photographed in detail to help the potential buyer view any condition problems. Please review all of the information and photographs before placing your bid. 1. Livingston's Auction has endeavored to accurately describe all of the items being auctioned. However, all property is sold "As Is". Neither the auctioneer, auction staff, nor any consignor makes any warranties or representations of 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 of descriptions of genuineness, authorship, attribution, provenance, period, culture source, origin or condition of the property, and no statement, oral or written, made at the sale or in the catalogue, bill of sale or invoice or elsewhere shall be deemed such a warranty or representation or an assumption of liability. All perspective buyers should personally inspect or have their agent inspect property before bidding. In no event will our liability to purchaser exceed the purchase price actually paid. We encourage all patrons to take advantage of the preview hours scheduled for the auction for personal inspection of any item they wish to bid on. 2. Livingston's Auction accepts absentee bids including written left bids, telephone bids, and live auction internet bids. Although our absentee bidding system is 100% honest, it is not foolproof. Livingston's Auction is not responsible for failing to execute any absentee bid or internet bid. All absentee bids will be executed by a staff member competitively during the sale. Regardless of the amount of the absentee bid, items will be purchased for the selling hammer price once competitive bidding has ceased. In the event of tie bids between absentee bidders or Live eBay bidders and those in attendance, preference will be given to the attending bidder. Where two absentee bidders bid the same amount the first received will be honored. Should there be a significant change in the condition of the item such as damage or discovery of a condition problem that a representative of Livingston's Auction deems in the best interest of the absentee bidder that the bidder would change the bid the bid will NOT be executed. 3. Arrangements for Telephone Bids and written Absentee bids must be made 24 hours prior to the start of the auction. An Absentee Bid form is available on our website. Call (405) 858-1914 or fax us at 405-605-6132 to place your absentee or telephone bid. The completed form with your signature is required before that bid can be entered into our computer system. We must have a Credit Card on file to accept absentee or telephone bids even if you select payment by check. Arrangements for payment will then be made after the auction. 4. Floor Bidders: All items must be paid for in full before removal from the auction site. Absentee & Live eBay Bidders: The successful buyer will be notified by Livingston's Auction within 48 hours after the auction is complete. Payment MUST be made within 10 days from the date of the auction. Any item left longer than 14 days after the auction will be charged a storage fee of $5.00 per item per day. This charge will be strictly enforced. Accounts not settled within 30 days of the sale will be subject to forfeiture of all deposits and loss of title to the property. 5. BUYERS PREMIUM A buyer's premium of 15% of the successful bid price will be added to the total purchase price of all properties as part of the total purchase price on any lot sold through a live eBay bid. A 10% buyers Premium will be added to any telephone or absentee bid. This includes any bid left at the auction by a buyer who does not wish to remain at the auction to bid in person. No buyer's premium is charged to Floor bidders. 6. The highest bidder for each lot shall be the buyer. If any dispute arises as to the bidding or between two (2) bidders, the auctioneer has the final discretion to determine the successful bidder. The Auctioneer shall at her/his discretion decide to re-open the bidding or not. By bidding at this auction whether present, in person, or by written bid, telephone or live eBay bid title to all items is transferred to the winning bidder once the Auctioneer says "SOLD" and the winning buyer shall assume full responsibility for the lot purchased once the title has passed. 7. Pre-sale estimates are intended as guides and may not be reflective of actual gavel price. Some of the items in this auction may be subject to a reserve. The reserve is a confidential minimum price agreed upon by the consignor and Livingston's Estate Services/Auction. 8. The auctioneer at his discretion may reject any bid not commensurate with the value of the article offered. We reserve the right to reject any bid or withdraw any lot from the sale. 9. We accept payment for all sales by cash, Money Order, Visa, Master Card, Discover, Pay Pal, and business or personal check (with valid ID). 10. Shipping & handling will be charged at shipping cost plus insurance in addition to a handling and packing fee to cover our costs (supplies and labor) depending on the size of the order. Accurate quotes on shipping charges cannot be given until the order is completed. We reserve the right to use an outside shipper whenever the order exceeds our capabilities. If you wish an outside shipper to handle you shipping please inform us when you receive you initial invoice. An additional $5.00 charge will be applied to all orders shipped out of the United States. 11. Buyers are required to pay local state and city sales tax unless exempted by law. IF EXEMPT, buyers must file a tax exemption form with Livingston Auction & Estate Services Inc. before any exemption can be made. Oklahoma residents will be charged 8.375% or prevailing Tax rate, unless exempt. 12. Bidding on any item indicates the bidder's acceptance of the terms and conditions of Livingston's Auction & Estate Services Inc. as stated either in writing or announcement at the time of sale, whether bidding in person, through a representative, by phone, by Internet, or other absentee bid. Thank you for your interest and participation. Please contact us if you have any questions @ 405-858-1914.

Local Taxes apply as required.