17th to 20th Century Masterworks Auction

The following as amended by any posted notices or oral announcements during the sale, constitutes the entire terms and conditions on which property listed in the catalogue shall be offered for sale or sold by Galerie Michael. 1. As used here, the term bid price means the lot price to the purchaser at the time the hammer comes down. The term purchase price means the aggregate of (a) the bid price, (b) a premium of twenty four and a half percent (24.5%) of the bid price and (c) California state sales tax. Sales tax will not be added to any artwork shipped to your out of state residence. 2. The auction is open to you at no charge and you may enter or leave at any time during the auction. To bid in person, you must raise your numbered bid card to signify bids. Only one bid is required to make an auction. Galerie Michael guarantees that all art sold will be in comparable condition to that shown at the previews of the auction. Articles are sold as-is at the time of the sale. Any reframing will be done at additional cost to the buyer. A bid by any person shall be deemed conclusive proof that the bidder has made himself/ herself acquainted with the conditions of sale and agrees to be bound by them. 3. On the fall of the auctioneer?s hammer, the highest bidder shall be deemed to have purchased the offered lot and will pay the purchase price in full. Because many of the artworks sold are fine art limited-edition prints, the auctioneer reserves the right to sell more than one of each lot during the auction. In the case when there is more than one image sold, the auctioneer will decide which bidder takes the art from the auction. The bidder awarded the art may take the art upon departure. All additional pieces sold at auction will be ready for pickup or shipment to the address noted on your auction invoice. Shipment of all items purchased may be made to any point designated by the successful bidder. Shipping, packing and insurance are at the buyer?s additional expense. If the foregoing conditions or any other applicable conditions herein are not complied with, in addition to other remedies available to us by law, including, but without limitation to, the right to hold the purchaser liable for the purchase price, we at our option, may cancel the sale, retaining as liquidated damages all payments made by the purchaser, either publicly or privately, and in such event the purchaser shall be liable for the payment of any deficiency plus all costs and expenses of both sales, all other charges due hereunder and incidental damages. 4. Payment terms: All items are to be paid in full by the end of the auction by (a) cash, (b) personal check, (c) Visa, Mastercard, American Express, or Discover Card, or (d) bank wire.