TERMS OF SALE NOTICE:
All Bidders and other persons participating in this sale agree that they have read and have full knowledge of these terms and agree to be bound thereby.
10% Buyers Premium
All Items are sold "AS IS WHERE IS" with no warrantee on condition or authenticity.
1. IDENTIFICATION: All participants and purchasers are required to give full name and address.
2. PAYMENT: Cash or Certified Funds (No Processing Fee)
Master Card, Visa, Discover, American Express with a 3.5% Processing Fee
3. TIME OF PAYMENT: Each Bidder / Purchaser will be required to make arrangments for full payment in USD on each lot purchased within 24 hours of the close of the auction. Payment in full of purchase price on all lots to the same buyer must be made within the time fixed and before removal of any of the goods. In default of such payment arrangements or refusal to accept lots bid on, Purchasers is immediately responsible to pay 25% of highest bid price in Cash or credit card on file will be charged. Bidder will be excluded from bidding on any auction lots in the future without prior approval and pre auction deposit.
4. REMOVAL: All items must be removed no later than 5:00 PM EST Tuesday, May 19th. Removal shall be at the expense, risk and liability of the purchaser. Purchases will be delivered only on presentation of paid bill. The auctioneer shall not be responsible for goods not removed within the time allowed but shall have the option to remove and dispose of any article purchased and not removed within allotted time period.
5. CONDITIONS OF ARTICLES SOLD: The Auctioneer shall not be responsible for the correct description, genuineness, authenticity of, or defect in any lot, and makes no warranty in connection therewith. No sale shall be set aside, nor allowance made on account of any incorrectness, error in cataloging, or any imperfection not noted. NO DEDUCTION ALLOWED ON DAMAGED ARTICLES, ALL ARTICLES BEING EXPOSED FOR PUBLIC EXHIBITION, AND SOLD "AS IS" AND WITHOUT RECOURSE. ARTICLES ARE NOT WARRANTED AS MERCHANTABLE OR FIT FOR ANY PARTICULAR PURPOSE, AND NO CLAIM MAY BE MADE BY PURCHASER RELATING TO THE CONDITION OR USE OF ARTICLES PURCHASED, OR FOR PROXIMATE OR CONSEQUENTIAL DAMAGES ARISING THEREFROM.
6. SAFETY DEVICES: Articles purchased may not incorporate approved activating mechanisms, operating safety devices or safety guards, as required by OSHA or otherwise. It is purchaser's responsibility that articles purchased be so equipped and safeguarded to meet OSHA and any other requirements before placing such articles into operation.
7. INDEMNIFICATION: Purchaser agrees to indemnify and hold the Auctioneer and Seller harmless from and against all claims and liabilities relating to the condition or use of the articles purchased or failure of user to follow instructions, warnings or recommendations of the manufacturer, or to comply with federal, state and local laws applicable to such articles, including OSHA requirements, or for proximate or consequential damages, costs or legal expenses arising therefrom.
8. CLAIMS: No claims will be allowed after removal of goods from premises.
9. RESPONSIBILITY FOR NON-DELIVERY: The Auctioneer or Seller shall not, in any event, be liable for non-delivery of for any other matter or thing, to any purchaser of any lot, other than for the return to the purchaser of the sum of amount paid on said lot, should the purchaser be entitled thereto.
10. COMPLIANCE WITH TERMS OF SALE: In default of payment of bills in full within the time therein specified, the auctioneer in addition to all other remedies allowed by law, may retain all monies received as deposit or otherwise, as liquidated damages. Lots not paid for and removed within the time allowed herein may be resold at public or private sale without further notice.
11. RISK TO PERSON AND PROPERTY: Persons attending during exhibition, sale or removal of goods assume all risks of damage of or loss to person and property and specifically release the auctioneer or seller from liability here for. Neither the Auctioneer nor his principal shall be liable by reason of any defect in or condition of the premises on which the sale is held.
12. ADDITION TO OR WITHDRAWAL FROM SALE: The auctioneer reserves the right to withdraw from sale any of the property listed or to sell at this sale property not listed and reserves the right to group one or more lots into one or more selling lots or to subdivide into two or more selling lots. Whenever the best interest of the seller will be served, the auctioneer reserves the right to sell all the property listed, in bulk.
13. SALE BY ESTIMATED WEIGHT, COUNT OR MEASURE: Where items are sold by estimated weight, count or measure, Auction Company or Seller are not responsible for any shortage or overage.
14. OPENING BIDS: The auctioneer reserves the right to reject all bids on lots upon which there is an opening bid, that do not meet or exceed the opening bid amount.
15. RECORDS: The record of sale kept by the auctioneer and bookkeeper will be taken as final in the event of any dispute.
16. AGENCY: The auctioneer is acting as agent only and is not responsible for the acts of its principals.
17. SALES TAX: Purchaser shall pay all applicable sales or use taxes imposed by all taxing authorities on such transactions. The auction is being conducted in the State of New York as an Estate auction. Therefore New York 8% Sales tax on total sale price which includes Buyer's Premium will be charged. It is the buyer's sole responsibility to provide necessary completed exempt forms to Peterson Auction & Realty Service to claim tax exempt status from New York State and local sales tax.
18. BANKRUPTCY: If at any time prior to payment in full, purchaser files a petition in bankruptcy or for other similar protection from creditors, or an involuntary petition in bankruptcy or other similar proceeding is filed against purchaser, then, at the option of the auctioneer, the sale may be voided.
19. ADDITIONAL TERMS AND CONDITIONS: The auctioneer may add other terms and conditions of sale, such additional terms and conditions to be announced prior to the auction.
20. SHIPMENT: All lots are sold local pick up only where items are located at time of auction / sale.
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