Rich Penn May Auction Session 1 of 3

Terms & Conditions 1. Once title has passed, the property is at the sole risk of the buyer. Neither the seller nor the auctioneers shall be responsible for loss or any damage to any article due to theft, fire, breakage or any other cause whatsoever, however occasioned. If an article sold cannot be delivered by reason of theft, breakage, or other damage prior to check-out, the sale shall be deemed canceled without any liability on the part of the auction company. 2. All property is sold As Is-Where Is and neither we nor the consignor make any guarantees, warranties or representations, expressed or implied, in regard to the property or the correctness of the brochure or other description of the authenticity of authorship, physical condition, size, quality, rarity, importance, provenance, exhibitions, literature or historic relevance of the property or otherwise. No statement anywhere, whether oral or written, shall be deemed such a guarantee, warranty or representation. We and the consignor make no representation or warranty as to whether the purchaser acquires any reproduction rights in any of the property. 3. Full payment of each purchaser's account must be received at the end of the auction sale or upon check-out. Terms are cash, wire transfer, credit card, certified check or approved check unless other arrangements have been made with the auction company prior to the days of the auction sale. An approved check requires a current bank letter of credit. Payment must be in U.S. Funds. Any wire transfer under $5,000 will be charged an additional $25 transfer fee. Please add this to your payment amount. 4. The title in a purchased Automobile lot will not pass until Rich Penn Auctions has received the full purchase price in cleared U.S. Funds. Rich Penn Auctions is under no obligation to release a lot to the winning bidder until the title to the lot has passed. Any prior release does not affect the passing of the title or the winning bidder's unconditional obligation to pay the full price. The full price is the total of the winning bid, the winning bidder's premium and any other approved costs. 5. All lots are subject to a buyer's premium. Online bidders are subject to a 22% buyer's premium. The buyer is responsible to pay all city, state or other taxes due, unless the buyer qualifies as exempt. The buyer is responsible for providing Live Auctioneers proof of exemption. As soon as invoices are sent, the credit card bidders used for registration will be automatically be charged the full amount shown on bidder?s invoice. 5a. All successful bidders must remove their purchases from the auction site at the end of each days bidding. If you or your representative are unable to do so, standard size items will be transported to the RPA warehouse for shipping or pick up. Oversized items requiring assistance or special handling may incur an additional handling fee and an additional storage fee if kept longer than 15 days. After payment of purchases is made via credit card, buyers who have indicated to have lots shipped will be processed in the order of each auction session. Buyers of lots sold over a number of auction sessions or days may experience a delay in having their purchases processed for shipment. 5b. After lots designated for shipping are processed and packed, buyers will receive an invoice from ShippingSaint via email. Rich Penn Auctions takes great care in handling your purchases to ensure that your items will arrive safely. All standard size lots are professionally packed and shipped insured via USPS, FedEx or UPS. Packages valued over $200 will be shipped signature required. 5c. For bidders purchasing a large number of lots or oversized non-standard items, freight or blanket wrap delivery must be arranged by bidder. Rich Penn Auctions may be able to assist with suggestions. 5d. If damage does occur in shipping, all items including: all packing materials, boxes and damaged items need to be retained until the claim is settled or it will be denied and your refund won't be issued. 5d. All purchases are handled in order of payment received. After full payment is made including shipping costs, please allow 2-4 weeks for delivery. Larger items needing freight or special handling may take longer. 6. Prospective bidders should inspect the property before bidding to determine its condition, size and whether or not it has been restored, modified, etc. Catalog descriptions include condition information where possible. If you have any questions regarding lots, contact the auction company prior to the auction. IF YOU ARE UNSURE OF A LOT FOR ANY REASON, DO NOT BID. Many items in this auction are intended for display. If items are sold and described as in working condition, that means they did work when sold. Due to the inherent nature and age of these items, if any electronic or mechanical device fails to operate, auctioneer is not liable. No items may be returned for any reason. 7. All bids to be per lot as numbered at the sale site unless otherwise mentioned by the auctioneer. 8. On-site bidders are required to register and give full photo identification prior to the beginning of the sale and are required to use the number issued to them when identifying themselves as the successful bidder. Online bidders MUST complete registration with their preferred on-line host, LiveAuctioneers. Without registrations complete and approved, you will be unable to bid. Register early to make certain you're approved to bid. Links to the bidding platforms are at www.RichPennAuctions.com. 9. If any on-site check given in payment is not honored for any reason (including but not limited to N.S.F., stop payment order, or the like) you agree whether the check is signed by you as the maker or endorser, that if such check, or any action for non payment for any reason is placed in the hands of an attorney for collection, to pay reasonable attorney's fees incurred, with all costs of suit in event suit is instituted.

This auction uses Autopay by LiveAuctioneers. If you place a winning bid, your card will be charged shortly after the conclusion of the auction.

Online purchases from Rich Penn Auctions 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.