Sunday, January 2, 2011, 10 am - Michaan's Auctions

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January Estate Auction Auction: Sunday, January 2, 2011, 10 am Lots 001-250: Jewelry & Timepieces Lots 251-260: Stamps and Coins Lots 261-372: Asian Works of Art Lots 386-685: Furniture & Decorative Arts Lots 701-891: Fine Art Lots 892-939: Ethnographic Art Previews: Friday, December 31, 10 am to 5 pm Saturday, January 1, 10 am to 5 pm Sunday, January 2, from 9 am to 5pm Michaan's Auctions 2751 Todd Street • Alameda, CA 94501 Tel: (510) 740-0220 • Fax: (510) 749-7517 www.michaans.com info@michaans.com Front Cover Lot: 029 Back Cover Lot: 577 Asian Art: Ling Shang: ext 102 lingshang@michaans.com Fine Art: Gregory Ghent: ext 123 gregory@michaans.com Furniture & Decorative Arts: Elizabeth Dalton: ext 127 boo@michaans.com Jewelry: Rhonda Harness: ext 125 jewelry@michaans.com Stamps and Coins: Michael Rosenberg stampdept@michaans.com
Michaan’s Auctions Terms and Conditions of Sale STANDAR D CONDITIONS OF SALE These Conditions of Sale are binding on all purchasers at Auction. Please read carefully. By registering to bid at auction, in person, or through an agent, by absentee bid, or telephone or any other means including the Internet and e-mail, you agree to be bound by these Conditions of Sale (and changes made as noted below.) All property and every lot for sale in our catalogue is offered subject to the following terms and conditions, along with any changes that may be published or announced prior to or during a sale by Michaan’s Auctions. (MA). The terms “MA” “us,” “we,” or “our” as used herein all refer to Michaan’s Auctions. Unless otherwise indicated in the catalogue or at time of sale, MA acts at all times solely as the agent for the seller. All sales shall be deemed to occur in California regardless whether by telephone, mail or through the Internet or the physical location of the buyer. D EFINITIONS Hammer price: The highest bid received for a lot upon the fall of the auctioneer’s hammer. Buyer’s premium: The amount paid by the buyer as a percentage of the hammer price and in addition thereto. Purchase price: The aggregate of the hammer, buyer’s premium and applicable taxes or other fees, if any, as may be required by law. Reserve: The minimum price at which the lot may be sold. Buyer: The person or entity who buys property at auction or private sale. Consignor: The seller, or the seller’s representative, on behalf of whom we are selling the Property. Lot: The single item or group of items offered by us for sale. Property: The item or items comprising an auction lot being offered for sale. BUYER ’S PREMIUM The Buyer shall pay a Buyer’s Premium which shall be retained by MA as follows: If you choose to pay by check, cashier’s check or cash, the Buyer’s Premium is seventeen percent (17%) up to and including $250,000 plus twelve percent (12%) of any amount in excess of $250,000. If you choose to pay by credit card (Visa, Mastercard or Discover only) or any other form of payment, the Buyer’s Premium is twenty percent (20%) up to and including $250,000 plus fifteen percent (15%) of any amount in excess of $250,000. Internet Buyer’s Premium is twenty-three percent 23% up to and including $250,000 plus eighteen percent (18%) of any amount in excess of $250,000. TERMS OF SALE a. The Purchase of and Payment for Property The sale of a lot shall be to the highest bidder as determined by the auctioneer, in accord with these Conditions of Sale. Title to the lot shall pass with the fall of the Auctioneer’s hammer. Buyer shall pay the Purchase price, as defined above, and such other fees as may be due, in full, within seven (7) days of the auction sale. Sale is not final and property will not be released to Buyer until good funds for all amounts due, are received by MA. Payment may be made (i) in cash, (ii) by wire transfer, (iii) by money order or other guaranteed funds, or (iv) by personal check (when buyer’s credit is approved). No lot shall be transferred by Buyer to another person until the sale is final. In the event of partial payment for any lot or lots we shall apply payments, in our discretion, to the lot or lots we select. The Buyer grants MA a security interest in the purchased Property, and we may retain as collateral any property purchased and any funds in our possession, to secure a Buyer’s obligations to us, if any. We retain the rights of a secured party under the California Commercial Code. All fees, taxes, premiums or other sums due and not paid pursuant to this paragraph shall bear interest at 1.5 % per month from the 8 th day following the sale to the date paid in full. b. Collection of Property Upon transfer of title, Buyer assumes full responsibility, including risk of loss and damage, for the Property. Purchased property shall be removed at Buyer’s expense within fifteen (15) days after the sale becomes final. Property not removed shall be subject to a service fee of $50, and a storage fee, if retained by MA, of 1% of the purchase price per month. MA may also, in its sole discretion, elect to place the Property in a public storage facility at the Buyer’s sole risk, responsibility and expense. c. Liability for delivery of property
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Absentee Bid Registration Form Name
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Michaan’s Auctions Yearly Catalog
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Sunday, January 2, 2011, 10 am - Michaan's Auctions

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