Terms and Conditions of Sale

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Bidding in this auction sale constitutes acceptance by you ("Bidder") of all the Conditions of Sale stated herein. ALL SALES ARE FINAL. This is a sight sale. Each bidder must rely on his or her own judgment of an item's descriptions and condition. Alex Cooper Auctioneers, Inc. (“Alex Cooper”) is not responsible for any error or omission. The absence of a condition statement does not imply that the lot is in perfect condition, nor is free from wear and tear, imperfections or the effects of aging. Prospective buyers may submit an inquiry requesting a more detailed examination and/or clarification of a condition report.

1. Gallery Buyer’s Premium Terms: A Buyer’s Premium of twenty-eight percent (28%) will be added to the hammer price. A reduced buyer's premium of twenty-six percent (26%) will be added to the hammer price for payment by cash, debit card or wire transfer.  Payment must be made within five (5) business days of the sale date in order to receive the reduced Buyer’s Premium.
2. Alex Cooper Select Buyer’s Premium Terms: A Buyer’s Premium of twenty-eighty percent (28%) will be added to the hammer price. A reduced Buyer's Premium of twenty-six percent (26%) will be added to the hammer price for payment by cash, debit card or wire transfer. Payment must be made within five (5) business days of the sale date in order to receive the reduced Buyer’s Premium.
3. Discovery Buyer’s Premium Terms: A Buyer’s Premium of twenty-eight percent (28%) will be added to the hammer price. No reduced Buyer’s Premium is offered for Discovery sale items.
4. Alex Cooper In-Home Buyer’s Premium Terms: A Buyer’s Premium of twenty-eight percent (28%) will be added to the hammer price. No reduced Buyer’s Premium is offered for Alex Cooper In-Home items.

Shipping arrangements are the sole responsibility of the purchaser. Please contact Alex Cooper for a list of recommended shipping companies.

Please review each item's condition before bidding. Condition reports may be requested by contacting Alex Cooper.

Transparent holders in which the auction lots are stored are to facilitate viewing and inspection of the lots and are not intended for long-term storage.

THE FOLLOWING CONDITIONS OF SALE CONSTITUTE ALL TERMS AND CONDITIONS ON WHICH PROPERTY LISTED IN THE CATALOGUE (INCLUDING ONLINE LISTINGS) SHALL BE OFFERED FOR SALE OR SOLD BY ALEX COOPER.

These Conditions of Sale contain all terms and conditions by which Alex Cooper and the seller contract with the buyer for any tangible personal property sold at auction by Alex Cooper. These Conditions of Sale may be amended by Alex Cooper at any time, and from time to time, through the time of sale by any notices posted or oral announcements made during the sale. By bidding at an Alex Cooper auction, whether in person or by agent, absentee bid, telephone, or online, you agree to these Conditions of Sale.

1. AGENCY 

Alex Cooper acts as agent for the sellers of all property described in all catalogues. The contract for the sale of each item is a contract between the seller of the item and the successful bidder for the item.

2. PRESALE ACTIVITY

1. Inspections: All Alex Cooper auctions are sight sales. You are strongly advised to personally inspect and examine any items that you contemplate bidding for. If you purchase any item sight unseen, you accept all responsibility for such purchase; without limitation, you accept any defects, damages, past repairs, irregularities, and all other physical conditions that could have been determined by your inspection of the property. If the results of your inspection and/or evaluation of any property leave uncertainty in your mind as to any matter you deem relevant to your potential purchase, Alex Cooper recommends you have an expert examine the lot for you or do not bid on the item in question. Neither Alex Cooper nor the seller make any warranty or guaranty as to property offered at auction except as provided in Section 5 hereof. 
2. Descriptions: Written and oral descriptions, including without limitation, catalogue and online descriptions and condition reports, are opinions only, and should not be construed or relied upon as statements of fact or as guarantees of any kind. Such statements do not constitute a representation, warranty or assumption of liability of any kind. Alex Cooper is not responsible or liable for the accuracy of the catalogue, online listing, condition reports, or other descriptions, except as provided in Section 5 hereof. Any references to damage, repair or restoration are for guidance only and should be evaluated by personal inspection by the bidder; the absence of such references does not imply that an item is free from defects, repairs, or restoration, nor does a reference to particular defects, repairs or restorations imply the absence of others. Condition of frames on artwork is not generally described. All measurements are approximate. Jewelry descriptions are only estimates as to carat size, gold content, number of stones, etc. Upholstered furniture and rugs have not been disinfected.
3. Images: All images in Alex Cooper catalogues are for identification purposes only and are not
   intended to represent the actual color or clarity of the item. All photos are of the actual items
   being auctioned unless otherwise noted in the catalogue or online listing. Photos may be enlarged
   to show detail or reduced for inclusion in the catalogue or online listing.
4. Estimates of Selling Price. Any estimate of the selling price of an item stated in our catalogue or
   online listing is intended as a guide for prospective bidders. Any bid between the listed figures
   would, in Alex Cooper’s opinion, offer a fair chance of success. However, all property can
   bring prices either above or below stated estimates. Stated estimates should not be relied upon as
   the value of the item, nor as a statement that it is the price at which the item will sell.
5. Buyer's Responsibility: Except as stated in Section 5 hereof, all property is sold "AS IS" without
   any representation or warranty of any kind by Alex Cooper or the seller. Buyers are responsible
   for satisfying themselves as to all aspects of property condition and descriptions, including
   without limitation genuineness, attribution, provenance, authenticity, authorship, completeness,
   condition, damage, repairs, restorations, estimates of value, and all matters referred to
   in catalogue entries, online descriptions, condition reports, and elsewhere.
   
   
   

3. CONDUCT OF SALE

1. Bidder Qualification: Alex Cooper may from time to time establish standards of qualification for
   bidders. Online bidders must qualify through Alex Cooper’s online bidding software. Alex
   Cooper reserves the right, in its sole discretion, to refuse admission to the premises and/or
   participation in any auction, and/or to reject any bid.
2. Bidder Registration: Prospective bidders are required to register prior to the auction. Online
   bidders may register on Alex Cooper’s website and are strongly encouraged to register at least
   three (3) hours prior to the start of the auction. Alex Cooper does not guarantee the acceptance of
   an online bidder’s registration within three (3) hours of the start of the auction. PRIOR TO
   BIDDING, ALL REGISTRANTS ARE REQUIRED TO CAREFULLY READ ALL
   CONDITIONS OF SALE, THE DESCRIPTIONS FOR THE LOTS ON WHICH THEY HAVE
   BID AND THEY AGREE TO BE BOUND BY THESE CONDITIONS OF SALE. Any
   questions shall be directed to Alex Cooper prior to bidding. Registrants are responsible for
   payment of purchases resulting from all successful bids. No children under age 13 are permitted
   at exhibitions or sales.
3. Online Bidding: Online bidding is offered as a service to customers, and prospective bidders shall
   not hold Alex Cooper responsible for any errors or failures in executing bids, nor shall they hold
   Alex Cooper responsible for any failure due to the loss of the auction applet supplied to us by the
   Alex Cooper internet bidding software. Online bids are bid electronically by the computers of the
   Alex Cooper internet bidding software, and compete against live bids on our auction floor,
   telephone bids, and absentee bids by bidders who are not participating in the internet component
   of the auction. Online bids are announced competitively by a member of our staff during the live
   auction. Alex Cooper may be offered other bids of the same value as your online bid. It is at the
   auctioneer's sole discretion which of these bids it chooses to accept during the auction.
4. Acceptance and Rejection of Bids: Alex Cooper reserves the right to accept or reject any bid for
   any reason whatsoever. Absentee bids must be greater than fifty percent (50%) of the low
   estimate. The highest bidder acknowledged by Alex Cooper will be the actual buyer. In the event
   of any dispute between bidders, or in the event of doubt by Alex Cooper as to the validity of any
   bid, Alex Cooper will have sole final discretion to determine the successful bidder, cancel the
   sale, or to re-offer and resell the item in dispute. Alex Cooper is not responsible for any errors
   or omissions in connection therewith. Alex Cooper shall be the sole arbitrator in case of any
   disputed bid.
5. Reserves: Alex Cooper acts as an agent of the seller. Alex Cooper does not permit a seller to bid
   on his or her own lots unless expressly stated or except as herein set forth. Unless advertised
   otherwise, some lots may be offered subject to a “Reserve.” A Reserve is the minimum price that
   the seller is willing to accept for the lot, which may or may not be disclosed, and which may be
   determined or modified at any time by written or verbal communication between the seller and
   Alex Cooper through conclusion of the sale for that lot. If a Reserve is established, it is
   generally at a percentage of the low estimate and will not exceed the low estimate for the lot.
   Alex Cooper may open the bidding on any lot by placing a bid on behalf of the seller and may
   continue to bid on behalf of the seller up to the amount of the Reserve price, either by placing
   consecutive bids or by placing bids in response to other bidders. Alex Cooper will not place
   consecutive bids on behalf of the seller above the Reserve.
6. Withdrawal of Lots: Alex Cooper reserves the right to withdraw any lot before or during the sale
   and shall have no liability whatsoever for any such withdrawal. No participant in the auction sale
   shall have a right to claim any damages, including consequential damages in the event a lot is
   withdrawn.
7. Bidding Increments: Alex Cooper uses the following increment multiples for all bidding, whether
   live, absentee, online or via telephone.
   
   Bid Range Increments:
   • $0 - $99 $10
   • $100 - $499 $25
   • $500 - $999 $50
   • $1,000 - $1,999 $100
   • $2,000 - $4,999 $250
   • $5,000 - $9,999 $500
   • $10,000 - $19,999 $1,000
   • $20,000 - $49,999 $2,500
   • $50,000 - $99,999 $5,000
   • $100,000 - 199,999 $10,000
   • $200,000 - + $25,000
   
   
8. Winning Bids: Subject to Alex Cooper’s discretion, the highest bidder accepted by the auctioneer
   will be the winning bidder, and the striking of the hammer marks the acceptance of the highest
   bid and the entry of a contract between the seller and the high bidder. The winning bidder
   assumes full responsibility and risk of loss for items purchased at the fall of the hammer. Any
   person submitting bids on behalf of a corporation or other entity, by making such bid agrees to be
   personally liable for the payment of the purchase price and any related charges and the
   performance of all Buyer obligations under the Conditions of Sale. ALEX COOPER IS NOT
   RESPONSIBLE FOR ANY ERRORS IN BIDDING. All Bidders shall make certain to bid on the
   correct lot and that the bid is the bid intended. Once the hammer falls and the auctioneer has
   announced the Buyer, the Buyer is unconditionally bound to pay for the lot, even if the Buyer
   made a mistake.

4. FOLLOWING THE SALE.

1. Invoice: The bidder acknowledges that the invoice describing a lot by number incorporates the
   catalogue and Conditions of Sale.
   
   
2. Buyer's Premium:

(i) Gallery Terms: A twenty-eight percent (28%) Buyer's Premium will be added to the
hammer price. However, a reduced Buyer's Premium of twenty-six percent (26%) will be
added to the hammer price for payment by cash, debit card or wire transfer., Payment
must be made within five (5) business days of the sale date in order to receive the
reduced Buyer’s Premium.
(ii) Alex Cooper Select Terms: A twenty-eight percent (28%) Buyer's Premium will be
added to the hammer price. However, a reduced Buyer's Premium of twenty-six percent
(26%) will be added to the hammer price for payment by cash, debit card orwire transfer
Payment must be made within five (5) business days of the sale date in order to receive
the reduced Buyer’s Premium.
(iii)Discovery Terms: A twenty-eight percent (28%) Buyer's Premium will be added to the
hammer price. No reduced Buyer’s Premium is offered for Discovery items.
(iv) Alex Cooper In-Home Terms: A twenty-eight percent (28%) Buyer's Premium will be
added to the hammer price. No reduced Buyer’s Premium is offered for Alex Cooper In-
Home items.

C. Tax. All purchases will be subject to a six percent (6%) Maryland sales tax unless: (i) the
property purchased is for resale and a valid Resale Tax Number is presented to Alex Cooper at
the time of payment, and the sales price is $200.00 or more; or (ii) the sales price of precious
metal bullion or coins is greater than $1,000.00; or (iii) the property is being shipped to a
buyer located outside of the state of Maryland. Any purchased property delivered to a state
where Alex Cooper is registered will be subject to that state’s applicable sales tax, and will be
collected and remitted by Alex Cooper. It is the buyer’s responsibility to remit any sales tax,
value added tax, use tax, or any other taxes in a state where purchased property is delivered and
Alex Cooper is not required to collect the applicable sales tax from the buyer.

D. Payment. Alex Cooper accepts cash, wire transfer, certified checks, Visa or Mastercard as
payment. Credit card payments are limited to a total invoice amount of $10,000.00. Credit card
payment must include an image of the credit card and must be accompanied by a copy of a
driver’s license or other acceptable photo identification. Wire transfers are encouraged and can
be arranged through Alex Cooper’s accounting department. No personal checks will be
accepted without prior approval. On any cash transactions or series of transactions exceeding
$10,000.00, Treasury Form 8300 will be filed. All property must be paid within five (5) business
days following the close of the auction. Online bidders shall contact Alex Cooper at (410) 828-
4838 to arrange payment by any of the above methods. Bidders that register through Alex
Cooper’s bidding platform will be charged by the credit card provided if an alternative method of
payment is not made pursuant to the following schedule: Gallery. In the event that payment is not made within five (5) business days of the sale date, the winning bidder expressly authorizes Alex Cooper to charge the total purchase amount to the credit card provided.

(ii) Alex Cooper Select. In the event that payment is not made within five (5) business days
of the sale date, the winning bidder expressly authorizes Alex Cooper to charge the total
purchase amount to the credit card provided.

(iii)Discovery. In order to register to bid, valid credit card information must be entered in
your Account Information. By providing this credit card information, the winning bidder
expressly authorizes Alex Cooper to charge the credit card for the total purchase amount
on the day of the sale.

(iv) Alex Cooper In-Home: In order to register to bid, valid credit card information must be
entered in your Account Information. By providing this credit card information, the
winning bidder expressly authorizes Alex Cooper to charge the credit card for the total
purchase amount on the sale date.

E. Collection of Lots/Shipping. No lots shall be delivered to or collected by the winning bidder until
Alex Cooper receives all amounts due including the total purchase price and all applicable taxes
and storage fees. All lots must be picked up by the winning bidder or the winning bidder’s
shipper within five (5) business days following the close of the auction.

(i) Gallery Sales: Items left beyond five (5) business days following the close of the auction
will be subject to a storage fee of $10.00 per day for each item. In the event that an item
remains on the premises of Alex Cooper for more than thirty (30) days following the
close of the auction, Alex Cooper, may, in its sole discretion, (i) transfer the item to an
independent warehouse on behalf of the winning bidder and at the winning bidder’s
expense; or (ii) sell or dispose of the item in a commercially reasonable way.

(ii) Discovery Sales: Items left beyond five (5) business days following the close of the
auction will be subject to a storage fee of $5.00 per day for each item. In the event that an
item remains on the premises of Alex Cooper for more than thirty (30) days following the
close of the auction, Alex Cooper may, in its sole discretion, (i) transfer the item to an
independent warehouse on behalf of the winning bidder and at the winning bidder’s
expense; or (ii) sell or dispose of the item in a commercially reasonable way.

5. LIMITATION OF WARRANTIES.
NO WARRANTIES. ALL LOTS ARE OFFERED, AND ALL PROPERTY IS SOLD, "AS IS" WITH
NO GUARANTIES OR WARRANTIES OF ANY TYPE. WITHOUT LIMITATION, NEITHER THE
SELLER NOR ALEX COOPER, NOR ANY OF OUR OFFICERS, EMPLOYEES OR AGENTS,
MAKE ANY REPRESENTATION, WARRANTY OR GUARANTY, NOR ASSUME ANY
LIABILITY OF ANY KIND WITH RESPECT TO MERCHANTABILITY, FITNESS FOR A
PARTICULAR PURPOSE, DESCRIPTION, SIZE, GRADING, QUALITY, ATTRIBUTION,
GENUINENESS, AUTHENTICITY, PROVENANCE, AGE, CONDITION, MATERIALS,
AUTHORSHIP, COMPLETENESS, DAMAGE, REPAIRS, RESTORATIONS, ESTIMATES OF

VALUE OR ANY OTHER FEATURES. NEITHER THE SELLER NOR ALEX COOPER, NOR ANY
OF OUR OFFICERS, EMPLOYEES OR AGENTS, ARE RESPONSIBLE FOR THE CORRECTNESS
OF ANY STATEMENT OF WHATEVER KIND CONCERNING ANY LOT, WHETHER WRITTEN
OR ORAL, NOR FOR ANY ERRORS OR OMISSIONS IN DESCRIPTION OR FOR ANY FAULTS
OR DEFECTS IN ANY PROPERTY. THE PURCHASER HEREBY ASSUMES ALL RISKS
CONCERNING AND RELATED, INCLUDING BUT NOT LIMITED TO, THE GRADING,
QUALITY, DESCRIPTION, CONDITION, AUTHENTICITY, AND PROVENANCE OF A LOT.

1. All Sales are Final. Items are sold with all faults and are not returnable for any reason except as
   set forth in the following paragraph.
2. Limited Rescission Right. Alex Cooper agrees that a winning bidder who purchases an item has
   the limited right to rescind the sale (and Alex Cooper will return all payments by the winning
   bidder) for the Rescission Period, if and only if, the physical condition of the property materially
   differs from what was described in the online listing for the property or if the description is, in
   any material respect, inaccurate. In order to exercise this limited right of rescission, the winning
   bidder must provide documentation to Alex Cooper from a pre-qualified expert or museum within
   the Rescission Period and return the property to Alex Cooper promptly in the same condition it
   was sold. Notwithstanding the foregoing, there shall be no right of rescission due to damage of
   property incurred during shipping. The Rescission Period is as follows: a period equal to the
   lesser of (i) forty-eight (48) hours from the date the property purchased is received by the winning
   bidder or (ii) two (2) weeks from the date of the auction. In no event will shipping charges be
   refunded.

6. MISCELLANEOUS.

1. Governing Law. These Conditions of Sale, as well as the respective rights and obligations of Alex
   Cooper, the seller, and any purchasers or bidder at any sale of Alex Cooper, shall be governed by
   and construed and enforced in accordance with the laws of the State of Maryland.
2. Limitation of Liability. In no event shall the liability of seller or Alex Cooper, its officers,
   employees and agents, to a winning bidder for any breach, act, omission, or claim of any nature,
   with respect to an item purchased, exceed the purchase price actually paid by the winning bidder
   for the item. In no event shall the seller or Alex Cooper, its officers, employees and agents, have
   any liability under any circumstances for special, indirect, incidental or consequential damages
   (including for loss of profits or revenue, costs of obtaining alternative property, claims of
   customers of winning bidders or otherwise), whether in contract, tort, negligence, strict liability,
   or otherwise, arising out of, resulting from or in any way relating to the property purchased, or its
   purchase, sale, delivery or non-delivery. In no event shall seller or Alex Cooper, its officers,
   employees and agents, be liable for any claims related to the errors, acts, omissions, websites, or
   technology of the Alex Cooper online bidding software.
3. Jurisdiction. By bidding at an auction, whether present in person or by agent, absentee bid,
   telephone bid, online bid, or other means, the winning bidder shall be deemed to have consented
   to the exclusive jurisdiction for the resolution of any disputes of the state courts in Baltimore
   County, Maryland.
4. Legal Fees. In any litigation between Alex Cooper and a bidder (whether or not the winning
   bidder) the prevailing party shall be awarded full reimbursement of its actual paid legal fees in
   connection with the dispute.
5. Severability. If any provision or portion thereof of these Conditions of Sale shall be deemed void,
   unlawful or unenforceable under applicable law, that provision or portion thereof shall be deemed
   deleted and severed from the remaining provisions, and shall not affect the enforceability or
   validity of any of the remaining provisions.
6. No Assignment. Unless Alex Cooper consents in writing, a winning bidder may not assign its
   rights or any of its obligations relating to an auction or other sale by Alex Cooper. Any
   assignment without Alex Cooper’s written consent will be void.
7. No Waiver. These Conditions of Sale may not be waived by Alex Cooper unless such waiver is
   in writing and signed by Alex Cooper. A waiver on one occasion shall not be a waiver on any
   other or future occasion or affect Alex Cooper's right to insist on strict performance of all other
   provisions.