SCHMIDT COLLECTION OF COCA-COLA AUCTION DAY 2

Terms and Conditions We advise all bidders to read terms and conditions of sale set forth in this catalog. Those bidding / buying are bound by the terms and conditions of sale, stated herein, as well as amended by any oral announcements by the seller or representative of the seller, or posted notices, which together form the contract of sale between the successful bidder/buyer and the sellers of the lot. Richard Opfer Auctioneering, Inc. and the Schmidt Museum of Coca-Cola Memorabilia (hereinafter referred to collectively as "Sellers") and any person who submits a successful bid for the purchase of the items described herein (hereinafter referred to as "Buyer" or "Bidder") do hereby agree to the following terms and conditions. All checks, letters of guarantee, and correspondence shall be directed to: The Schmidt Museum of Coca-Cola Memorabilia 1) Condition of Goods: In the printing of this catalog, the Sellers have endeavored to accurately describe all items being sold, however; all items being offered are being sold "AS IS." All items are being sold "AS IS" as of the time of the sale, not as of the time of the exhibit. No statements made by the Sellers in this catalog, bill of sale, invoice or elsewhere by any representative of, or person, in the employ of the Sellers shall be deemed to be a warranty, expressed or implied, as to the physical condition, age, quality, size, history, importance, or provenance of any item sold. It is the responsibility of the prospective buyer to inspect the property before bidding to determine its condition, etc. 2) Disputes: If there is a dispute of any fashion between bidders, or if the auctioneer has any doubts as to the bidding on any item, the auctioneer will have the final authority to determine the successful bidder or to re-offer for re-sale the item in question. In any and all disputes arising after the auction, the Seller's records will be controlling. 3) Title to Goods: Title to all goods shall pass to the successful bidder at the fall of the auctioneer's "hammer." The purchaser shall assume full responsibility for the lot purchased once title has passed. 4) Removal of Goods: All property must be removed from the premises by 6 PM on the final day of the sale. It shall be the responsibility of the successful bidder to immediately remove the items purchased (see paragraph 8 for absentee bidders). The packaging, handling, and removal of all items shall be at the risk of the successful bidder. The sellers will not be held responsible for any acts or negligence on the part of any mover or packer of any purchased lot whether or not that particular mover or packer had been recommended by us. The Sellers will not be responsible for any item left on the premises after the purchaser has been successful with his bid. 5) Buyer's Premium and Payment Terms: All items sold are subject to an 18 % buyer's premium, which will be added to the successful bid price and payable by the purchaser as part of the total purchase price. Buyer's Premium is discounted to 15% for bidders paying promptly by cash or approved check. All online purchases are subject to 18% Buyer's Premium regardless of payment method. Sales tax is figured on total purchase price. All accounts are to be settled by the end of the sale. Payment may be made by cash, Visa, MasterCard, or personal check if buyer has pre-registered and has been approved. Those buyers not known to us must obtain prior approval in order to settle accounts by personal or business check. Approval will be granted on the basis of personal reference from those who are known to us or upon presentation of a "letter of guarantee" from an officer of your bank. This letter should state an exact amount of funds guaranteed and should be presented to the cashier at the time of registration. In any event, the sellers reserve the right to hold all merchandise paid for by check until such check clears. 6) Errors: The sellers are not responsible for any typographical or any other errors omissions in this catalog or subsequent price key. 7) Sales Tax: All items are sold subject to applicable Kentucky Sales Tax laws. 6% Sales tax will be collected on all purchases unless a valid sales tax license is presented at registration. 8) Absentee Bids: As a service to our customers, the Sellers will execute absentee bids if so authorized in writing under the provisions herein specified. Absentee bids should be made on the bid form provided. The form should be complete and clearly filled out. Each bid form should be accompanied by a deposit in the amount of 20% of the total bid. Deposit checks to be made out to "The Schmidt Museum of Coca-Cola Memorabilia." Deposit checks of unsuccessful bidders will be returned within 7 business days from the date of the auction. Bids made in odd dollar amounts will be reduced to a more appropriate increment. All absentee bids will be executed competitively during the auction, and items will be purchased for the lowest possible price regardless of the amount of the absentee bid. "Buy Bids" will not be accepted. Where (2) absentee bidders bid the same amount, the first received will be honored. Invoices for successful absentee bidders will be mailed within a week following the auction. Accounts not settled within 30 days of the auction will be subject to forfeiture of all deposits and loss of title to the property. The Sellers perform absentee bidding as a service to potential buyers with the understanding that the Sellers will not be responsible for errors or failure to execute bids. 9) Shipping: Costs of packing and shipping are in addition to the purchase price and should not to be included in any bids. Any fragile or expensive item will be handled by professional packers. Buyers should be aware of the added expense of packing and shipping. 10) Phone consultations and email requests: There will be staff members available from Saturday, March 17th through the auction to answer additional questions or respond to emails. All inquiries should be made to: The Schmidt Museum of Coca-Cola Memorabilia - call (270)234-1100, email schmidtmuseum@yahoo.com, or see frontispiece for a list of specialists and their phone numbers. 11) Agency: Any person acting as an agent, representative, or bidding as a personal favor for another person is legally responsible for payment in full of all successful bids. 12) Phone Bidding: Any prospective bidder may apply for phone bidding, however, only the top (10) qualified bidders will be allowed to participate by phone. All phone bid requests must be received by 12:00 Noon on Friday, March 23rd 2012. 13) Seating: Reserved premium showroom seating is limited. Reservations and a refundable $500 (checks only) deposit will be required per chair. This premium seating is limited to 130 seats, although additional seating is available. For more information, contact: schmidtmuseum@yahoo.com Agreement to terms: In bidding on any lot here offered, the bidder/buyer indicates acceptance of these terms of sale. For additional information regarding terms, conditions of sale, or any matter relevant to the auction, please contact: schmidtmuseum@yahoo.com CONDITION GUIDE 9-10 or Near Mint 8-8.9 or Excellent 7-7.9 or Very Good 6-6.9 or Good 5-5.9 or Fair 2-4.9 or Poor All critical descriptions in this catalog have been provided by Gary Metz. For those of you who may not be familiar with my standards, may I explain. I try to evaluate any item in terms of degradation from time of manufacture. If an item has been restored it will merit a higher grade than if it had not been restored, however would usually not come up to the grade of an identical item without restoration, but with equivalent physical appearance. If an item has a few issues that I point out and it appears to me to equal a condition of 80% to 85% of what it was when manufactured, then I will grade the item 8-8.5/Ex. My goal is to have the end buyer either agree with my condition rating or view the item to be better than described. That said, grading can be subjective no matter the effort expended or techniques employed, so you are encouraged to carefully inspect items of interest prior to sale time. One final note regarding my descriptions is that they are more technically detailed. My goal is only that you will have a clear idea of the present state of any item herein when you couple the descriptive details with the condition rating I've provided. The descriptions are usually without superfluous words and needless accolades or even fully formed sentences due to space constraints. LARGE ITEM REMOVAL All removal of large, bulky or affixed items from the museum is at the purchaser's expense and responsibility. Any contractor employed must present a proper insurance certificate before removing these items. MECHANICAL ITEMS No warranties, guarantees, or assumptions of continued working order of any mechanical items sold are given nor implied. That cannot be predicted due to the inherent temperamental nature of the old mechanisms powering clocks, lighted signs, vending machines, vehicles and any other mechanical items from the museum collection. Most machines have not been tested and most are without keys. Their main purpose in the museum setting has been strictly for display. OTHER NOTES Framed articles have usually not been examined outside of the frames. All items are sold by description and not by illustration.

No warranties, guarantees, or assumptions of continued working order of any mechanical items sold are given nor implied. That cannot be predicted due to the inherent temperamental nature of the old mechanisms powering clocks, lighted signs, vending machines, vehicles and any other mechanical items from the museum collection. Most machines have not been tested and most are without keys. Their main purpose in the museum setting has been strictly for display.

In cataloging, every effort has been made to accurately describe major faults, repairs, etc., for all items, however; less significant faults may have been omitted. Digital photography can be somewhat misleading specifically concerning size and color of an item. If a potential bidder wishes to use an independent agent, both parties are bound by the same terms of sale stated here. In the event that a bidder has specific questions on an item, we encourage them to contact our office: 410-252-5035 or email us for detailed photographs condition reports. All critical descriptions in this catalog have been provided by Gary Metz. For those of you who may not be familiar with my standards, may I explain. I try to evaluate any item in terms of degradation from time of manufacture. If an item has been restored it will merit a higher grade than if it had not been restored, however would usually not come up to the grade of an identical item without restoration, but with equivalent physical appearance. If an item has a few issues that I point out and it appears to me to equal a condition of 80% to 85% of what it was when manufactured, then I will grade the item 8-8.5Ex. My goal is to have the end buyer either agree with my condition rating or view the item to be better than described. That said, grading can be subjective no matter the effort expended or techniques employed, so you are encouraged to carefully inspect items of interest prior to sale time. One final note regarding my descriptions is that they are more technically detailed. My goal is only that you will have a clear idea of the present state of any item herein when you couple the descriptive details with the condition rating I've provided. The descriptions are usually without superfluous words and needless accolades or even fully formed sentences due to space constraints. Framed articles have usually not been examined outside of the frames. All items are sold by description and not by illustration.

Local Taxes Apply - 6% Kentucky taxes all invoices unless a valid sales tax exemption certificate is provided. If items are shipped out of state, purchases are tax exempt. If items are picked up (or transported by anyone other than a licensed I.C.C. carrier) bidders must provide us with a retail sales tax certificate (we must have a copy for our file) OR THE BIDDER IS RESPONSIBLE FOR PAYING KENTUCKY SALES TAX (6%). No exceptions.