Sale 2460 - Old Master Through Modern Prints, November 2, 2017

1. ALL PROPERTY IS SOLD SUBJECT TO THIS ADVICE, THE CONDITIONS OF SALE, AND TERMS OF WARRANTY PRINTED IN THE CATALOGUE. 2. INSPECTION OF PROPERTY. Prospective bidders 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 pay- able on any lot purchased will be the total of the final bid plus the Buyer’s Premium as defined in paragraph 7 of the Conditions of Sale, plus all applicable sales taxes. 4. SALES TAX. All items purchased are subject to payment of the NewYork 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 NewYork 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 thereafter. 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 listed figures would, in our opinion, have a chance of success (at the time the catalogue was prepared). The estimates 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 LimitedWarranty describes lots which are sold as is and not returnable. Books, manuscripts, prints, draw- ings, 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. ADVICETO PROSPECTIVE BIDDERS