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The Richard C. Stevens Collection May 22, 2010 - RSL Auction ...

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1. <strong>RSL</strong> <strong>Auction</strong>s acts as an agent for the seller. <strong>The</strong> contract<br />

for the sale of the property is between the seller and the<br />

buyer. No statements made within this catalog or made<br />

by a representative of or employee of <strong>RSL</strong> <strong>Auction</strong>s shall<br />

be deemed to be a warranty, representation, or assumption<br />

of liability with respect to the property’s age, condition,<br />

size, quality, variety, importance, provenance, or historical<br />

relevance. All property is sold “as is”.<br />

2. Buyers are responsible for satisfying themselves concerning<br />

the condition of the property.<br />

3. <strong>The</strong> <strong>Auction</strong>eer will be solely responsible for determining<br />

the bidding increments.<br />

4. <strong>The</strong> <strong>Auction</strong>eer will be the fi nal judge in deciding<br />

which bidder has won an item. In the event of a dispute,<br />

the auctioneer at his discretion, shall decide whether to<br />

reopen bidding or not.<br />

5. Absentee Bids: If you are unable to attend the actual<br />

sale, <strong>RSL</strong> <strong>Auction</strong>s are authorized to execute bids on<br />

your behalf if notifi ed in writing. Complete the enclosed<br />

Absentee Bid Form and return to <strong>RSL</strong> <strong>Auction</strong>s BEFORE<br />

the absentee bid deadline of Wednesday, <strong>May</strong> 19, <strong>2010</strong>.<br />

A deposit of 20% of your total bids is required to confi rm<br />

your bids. In the event that property purchased by an<br />

absentee bid is not fully paid for within 15 days of the<br />

sale, the 20% deposit will be forfeited and the items may<br />

be resold. We can not accept “Buy” bids. In the event that<br />

two identical bids are received, the fi rst bid form received<br />

by <strong>RSL</strong> <strong>Auction</strong>s will have preference.<br />

6. Phone Bids: Phone bids will also be accepted. To qualify<br />

for a phone line the same procedure of authorization<br />

required for an absentee bid is required. A backup bid<br />

in the event a party cannot be reached by phone is not<br />

required, but strongly recommended. <strong>The</strong>re are a limited<br />

number of phone lines available. In the event that there<br />

are more requests than lines available, preference will go to<br />

the highest bidding parties. In the event, whether human<br />

or technical, that a phone call is not made, disconnected<br />

or the bidder can not be reached at the number left,<br />

the backup bid will be executed. <strong>RSL</strong> <strong>Auction</strong>s cannot<br />

guarantee that phone bids will be executed.<br />

7. <strong>The</strong> buyer is required to pay Maryland sales tax 5%<br />

unless exemption is allowed under the laws regulating<br />

such tax. Dealers must present a valid tax ID certifi cate<br />

in order to quality for exemption.<br />

8. All sales are fi nal<br />

<strong>RSL</strong> AUCTIONS: CONDITIONS OF SALE<br />

9. All accounts are to be settled by the end of the sale.<br />

3<br />

10. Payment may be made by cash, personal check or<br />

credit card. A 21.5% buyer’s premium will be added<br />

to all successful bids. A 4% discount will be applied<br />

for payment made by cash or personal check making<br />

the buyer’s premium 17.5%. <strong>RSL</strong> <strong>Auction</strong>s reserve<br />

the right to hold all merchandise paid by check until<br />

payment has been cleared by the bank. This may take<br />

up to one month.<br />

11. In the event property is not paid for in full, <strong>RSL</strong><br />

<strong>Auction</strong>s may pursue one or more of the following rights<br />

or remedies. A) charge interest at 1.5% per month of<br />

the unpaid balance. B) hold the defaulting buyer liable<br />

for the total amount due and commence legal proceedings<br />

for its recovery together with interest, legal fees and costs<br />

to the fullest extent permitted under applicable law. C)<br />

Cancel the sale D) resell the property E) pay the seller<br />

the amount up to the net proceeds payable in respect to<br />

the amount bid by the default buyer minus one bid. F)<br />

Or to take such other action as we deem necessary or<br />

appropriate.<br />

12. Shipping may be arranged through <strong>RSL</strong> <strong>Auction</strong>s. A<br />

shipping fee of $15 per lot, $60 per 5 lots or $100 per 10<br />

lots is charged plus the incurred postage and insurance.<br />

Shipped items may take up to 45 days to be delivered.<br />

Contact shipper for complete details (917) 991-7352.<br />

13. <strong>RSL</strong> <strong>Auction</strong>s are not responsible for any typographical<br />

errors or omissions in this catalog or price key. Photographs<br />

in this catalog are of the actual objects being sold but are<br />

not shown to scale.<br />

14. <strong>RSL</strong> <strong>Auction</strong>s reserve the right to refuse admission,<br />

participation in or request the departure of any person/<br />

persons.<br />

15. All rights reserved. Entire contents Copyright <strong>2010</strong>.<br />

<strong>RSL</strong> <strong>Auction</strong>s Copyright includes, but not limited to,<br />

print, media, microfi lm and electronic media, such as<br />

CD-ROM’s and online computer services.<br />

16. If any part of these Conditions of Sale are found by any<br />

court to be invalid, illegal or unenforceable, that part shall<br />

be discounted and the rest of the conditions shall continue<br />

to be valid to the fullest extent permitted by law.<br />

17. By bidding at auction, whether present in person or by<br />

agent, by written bid, telephone or other means, the buyer<br />

indicates acceptance of these Conditions of Sale.<br />

18. <strong>The</strong> rights and obligations with respect to the<br />

Conditions of Sale shall be governed by the laws of the<br />

state of New Jersey.

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