American Art Auction

Conditions of Sale Sale Date: May 5, 2013 2pm New Hope Auction is conducting this auction event(auctioneer #AU-002041-L) on May 5, 2013, at 2 PM. The auction will be held exclusively online through liveauctioneers. Hereinafter, New Hope Auction and the owners or others authorized to sell the items are hereinafter referred to as Sellers. The person or persons acknowledged by the auctioneer to be the highest bidder on an item shall be hereinafter referred to as the Buyer or Buyers. New Hope Auction reserves the right to change the terms of sale by written announcement. Any such change shall become part of the Conditions of Sale. By placing a bid the Buyer agrees to be bound by these conditions of sale. 1. The highest bidder acknowledged by the auctioneer shall be the Buyer. 2. In the event of any dispute after the sale, New Hope Auction's record of the final sale price and of the successful buyer shall be conclusive. 3. New Hope Auction reserves the right to sell items which are not listed in the online catalogue as well as the right to withdraw any lot before or during the sale. 4. Title to the offered lot shall pass to the buyer upon the fall of the auctioneer's hammer and announcement by the auctioneer that the lot has been sold, subject to compliance by the buyer with all other conditions of sale. The buyer shall forthwith assume full risk and responsibility for the lot and shall pay the full purchase price or such part thereof as New Hope Auction, in its sole discretion, shall require. In addition, the buyer may be required to sign a confirmation of purchase. 5. Many items in the auction are sold subject to a reserve. Such reserve is confidential, but in no case will the reserve exceed the low estimate. The auctioneer may reject any bid or increment not commensurate with the value of the lot, and the auctioneer may also execute bids on behalf of the Seller to protect the reserve. 6. A premium of 18% of the successful bid will be applied to the hammer price of all properties sold, to be paid by the buyer as part of the purchase price. In addition, buyers are required to pay any sales tax, which may be due, unless exempted by law. A tax exemption form must be filled out and on file with New Hope Auction prior to the start of the sale. Payment may be made by check, Visa, Master Card or American Express. PayPal is accepted for total amounts up to $5,000. Purchases are subject to 6% PA sales tax. All items must be paid for and cleared within 10 days of the sale, at which point they will be released for shipment. If items are not paid for and arranged for shipment within 10 days, a storage fee of $50 per diem will accrue. 7. All property is sold "As-Is". New Hope Auction or its consignors make no warranties or representations of any kind with respect to any property offered for sale. Therefore the auctioneer makes no warranty of title, warranty of merchantability or fitness for a particular purpose, or any other warranty or representation of any kind or nature with respect to the property. In no event shall it be responsible for the correctness, nor deemed to have made any representation or warranty of description, genuineness, attribution, provenance, or condition of the property and no statement by anyone or in the catalogue, in any advertisement, in the bill of sale or invoice, or elsewhere, shall be deemed such a warranty or representation or an assumption of liability. All bidders acknowledge their right to have requested full inspection of any and all properties prior to sale and agree to be charged with all matters such inspection may have disclosed or indicated. Without in any way waiving the foregoing, any complaint regarding authenticity, genuineness, attribution, or provenance shall be made within twenty-five (25) days of the sale or such complaint shall be waived. If the problem concerns authorship, age, or originality you must return it within 10 business days. Limited Warrantee: New Hope Auction may, but shall have no obligation to, consider any reasonable request for refund on the grounds of authenticity of authorship only and only under the following conditions: A. Notification must be made to New Hope Auction in writing within 10 days of receipt of the item. B. The items must be returned within 10 days of the sale, accompanied by written testimony from a recognized authority that the lot in question is a forgery. C. The limited warrantee does not extend to the lots identified as attributions, school, circle, manner, or after. D. The limited warrantee is applicable only to the original Buyer. After the 10 day period, all items are considered to have been sold "as is, where is, without recourse." Bidding at this auction event indicates that you have read and accepted these conditions. 8. As a convenience to the Buyer, New Hope Auction will provide interested buyers with a list of preferred Shippers. This is at the request, expense, and risk of the Buyer, and New Hope Auction assumes no responsibility for the items or the timing of delivery. Insurance for in-transit items is the responsibility of the buyer. New Hope Auction will not be responsible for shipping sold items. 9. The respective rights and obligations of the parties with respect to the conditions of sale and the conduct of the auction shall be governed and interpreted by the laws of the state of Pennsylvania. By bidding at an auction, the buyer shall be deemed to have consented to the exclusive jurisdiction of the courts of the state and Federal courts sitting in the state. BIDDING AT THIS AUCTION CONSTITUTES YOUR ACKNOWLEDGEMENT AND ACCEPTANCE OF THESE "CONDITIONS OF SALE".

A 6% PA sales tax will be added to the sales total unless a tax exemption form is on file in our office by the day before the auction. For those who are shipping out of state, PA sales tax will not be applied.

Please contact the auctioneer for condition details.