Winter Fine Arts and Antiques Auction

Terms and Conditions DUANE MERRILL & COMPANY AUCTIONEERS & APPRAISERS AUCTION TERMS AND CONDITIONS OF SALE PAYMENT Cash or approved check with dealer I.D. which must be approved by the clerks. The clerks may require a current letter of credit from your bank. All purchases must be paid for in full before the removal of any item from the sales room. We allow no charge accounts. Canadian funds will be accepted at our banks current exchange rate. Bad checks will be prosecuted to fullest extent of the law. The auction house may at its discretion hold property until funds have cleared. SALES TAX Unless exempt by law the purchaser will be required to pay the sales tax. Current rate is 7%. BUYERS PREMIUMS: * A buyers premium of 15% applied to cash or approved check purchases will be added to the successful bid price and is payable by the purchaser as part of the total purchase price. ALL GOODS ARE SOLD AS IS AND ALL SALES ARE FINAL WITH NO IMPLIED OR EXPRESSED WARRANTY It is the responsibility of prospective bidders to examine items and decide their level of interest. Neither the auctioneer, consignor, or seller are responsible for the accuracy of any printed, written or verbal description. PLEASE ATTEND THE AUCTION PREVIEW AND EXAMINE THE ITEMS. BUYER’S RESPONSIBILITY On the fall of the hammer or in the customary manner, title to the offered lot will pass to the highest bidder acknowledged by the auctioneer, subject to the conditions set forth herein, and such bidder there upon assumes full risk and responsibility for the article. Our employees will exercise caution in handling the goods but do so at the buyer’s risk. CONTESTED BIDS In the event of any dispute between bidders, or in the event of doubt on the part of us as to the validity of any bid, the auctioneer will have final discretion either to determine the successful bidder, or withdraw the lot, or to re-offer and resell the article in dispute. UNRESERVED AUCTION This is a legal term to show that the items will be sold to the high bidder regardless of price, and that the owner nor auction house has set No reserved or minimum selling price. Note: UNLESS THE ADVERTISEMENT OR TERMS STATE “UNRESERVED†THE AUCTION IS WITH RESERVE. OPENING & NOMINAL BIDS Small bids made with the purpose of disparaging an item may be rejected by the auctioneer. The auctioneer reserves the right to reject an opening bid that, in his opinion, is not commensurate with the value of the lot. The lot will be passed. POOLS are an association of dealers or collectors formed with the purpose of keeping down auction prices for the benefit of its members. They are illegal and under no circumstances will they be permitted. The auctioneer may at his discretion bid on behalf of the seller or elect to with-draw a lot if in his opinion a pool is operating. FIREARMS SALES: ALL FIREARMS ARE SOLD IN ACCORDANCE TO ATF REGULATIONS Items may be withdrawn at any time prior to the offering of each lot. THE RECORD OF SALE kept by the auction clerks will be taken as final in the event of any dispute. ABSENTEE BIDS will be executed when possible as a convenience to the customer. The auction house will not be held responsible for any errors or failures to execute bids. The bid will be executed competitively. A down payment may be required. We will notify the bidder if successful. The decision to accept an absentee bid will be left to our discretion. Payment is due upon notification of a successful bid. Packing and shipping may be arranged as a courtesy and at the buyers expense. The auction house must have received cleared funds to release absentee purchased property. ABSENTEE BIDDERS must give lot number and description of item, amount of bid, day phone number, complete address and tax number. Bids will be accepted up to 1/2 hour before the start of the auction - And No Later. PHONE BIDDING Phone bidding is executed as a convince to the buyer. A minimum starting bid of $500.00 applies when a phone line is requested to bid on a item. A down payment and or credit card may be requested prior to sale. Payment is due upon completion of sale. Packing & shipping arrangements may be arranged at the buyers expense. EXCEPTIONS to these terms or conditions of sale will be announced at the start of the auction. We take pride in our auction business and hope you enjoy our auctions. We look forward to serving you and thank you for your attendance.

Vt state dealers are required to provide Sales tax resale number in advance. VT state residents are required to pay 7% sales tax.