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1. ALL PROPERTY IS SOLD SUBJECT TO THIS
ADVICE, THE CONDITIONS OF SALE, AND
TERMS OF WARRANTY PRINTED IN THE CAT-
ALOGUE.
2. INSPECTION OF PROPERTY. Prospective bid-
ders or their agents should inspect property prior to the
auction. Swann staff are available to advise prospective
bidders at all pre-sale exhibitions and by appointment.
3. BUYER’S PREMIUM. The purchase price
payable on any lot purchased will be the total of the
final bid plus the Buyer’s Premium as defined in para-
graph 7 of the Conditions of Sale, plus all applicable
sales taxes.
4. SALES TAX. All items purchased are subject to
payment of the New York City and State sales tax of
8.875% on the total purchase price (final bid plus the
Buyer's Premium as defined in paragraph 7 of the
Conditions of Sale) unless the purchaser presents proof
of exemption therefrom. An exempt purchaser must
provide a properly completed New York State Resale
Certificate (Form ST-120) evidencing possession of a
valid New York State Resale or, for non-New York State
businesses, the equivalent resale authorization from
another locale. Purchases will not be released unless all
sales tax requirements are satisfied. Purchases shipped
outside of New York State are not subject to sales tax.
5. BIDDING INCREMENTS. $10 up to $150; then
$25 to $500; $50 to $1,000; $100 to $2,000; $200 to
$6,000; $500 to $10,000; $1,000 to $20,000; $2,000 to
$50,000; and approximately 10% of the current bid there-
after. However, the auctioneer may modify the increments
at any time.
6. RESERVES. All lots are subject to a reserve, which
is the confidential minimum price agreed to with the
seller below which the lot will not be sold. The reserve
will never be higher than the low pre-sale estimate, and
will never be lower than half the low estimate. Swann
may implement such reserve by opening the bidding on
behalf of the seller and may bid up to the amount of the
reserve by placing successive or consecutive bids for a
lot in response to other bidders.
7. ESTIMATES. The estimates provided are intend-
ed as a guide to bidding. The figures are educated
guesses, based on recent values. A bid between the list-
ed figures would, in our opinion, have a chance of suc-
cess (at the time the catalogue was prepared). The esti-
mates are exclusive of the buyer's premium, and may be
revised at any time prior to the auction.
8. BIDDING. All persons attending the auction
must obtain a bidding number prior to bidding. If bids
cannot be made in person or by an agent, they may be
made by mail, fax, e-mail, or telephone and such bids
will be executed without charge.
9. ABSENTEE BIDS will be executed by Swann on
the bidder's behalf in competition with other absentee
bids and bidding in the room. Every effort will be
made to carry out the bidder's instructions, but Swann
shall in no event be responsible for failing correctly to
carry out instructions, and Swann reserves the right to
decline to undertake such bids. Bids by mail should be
made in U.S. dollars on the bid sheet found at the end
of the catalogue and in accordance with the instruc-
tions on the bid sheet.
10. REMOVAL OF PROPERTY. All lots purchased
shall be removed at the purchaser's risk and expense by
the end of the fifth business day following the sale.
Purchases not so removed will be treated as set forth in
paragraph 9 of the Conditions of Sale.
11. SHIPMENT. Upon request, Swann will facilitate
the shipping of purchases to out-of-town buyers at an
additional charge for packing, postage and insurance,
but will not be responsible for any loss, damage or delay
resulting from the packing, handling and shipping
thereof.
Unless specific instructions are received,
Swann is the sole judge of the method to be used for
shipment.
12. PRICES REALIZED. A list of prices realized is
published on our website www.swanngalleries.com at
the conclusion of the sale. The Prices Realized is also
available at Swann and will be mailed upon request.
13. CREDIT. Bidders whose credit is unknown to
Swann should submit acceptable credit references or
make prior arrangements for payment, failing which
purchases will not be released until funds have cleared.
Mail bidders should submit references or a deposit of
25% of their maximum bid. If successful, the deposit
will be applied to the purchase; if unsuccessful, the
deposit will be returned.
14. LOTS NOT RETURNABLE. Paragraph 3 of the
Limited Warranty describes lots which are sold as is and
not returnable. Books, manuscripts, prints, drawings,
photographs, signatures, or any other property offered
in a lot comprising more than 3 items, whether or not
such items are individually named, constitute
“Grouped Lots.” Such “Grouped Lots” are not subject
to return for any reason.
ADVICE TO PROSPECTIVE BIDDERS