Spring 2012 Classic Car & Automobilia Auction

Bidder Registration No person shall be entitled to bid at the auction without first having completed, along with a copy of a Bank Letter of Guarantee. The original Bank Letter of Guarantee must be submitted on or before the day of the auction. Each bidder is personally responsible for any use of the paddle provided to such respective bidder for purposes of identification. Each bidder agrees that he or she is personally liable under the General Conditions for the full purchase price if the paddle is used in bidding on any Vehicle(s) or non-motor vehicle property. By participating in the auction and/or bidding, each Bidder and Buyer is expressly representing and warranting to Dragone Auctions that they are complying with all applicable laws and the General Conditions. Please submit your bank letter of guarantee to: Dragone Classic Motorcars, Inc. 1797 Main Street Bridgeport, CT 06004 via email to: kim@dragoneclassic.com via fax prior to auction: 203-335-4643 via fax on auction day: 877-604-8344 Dragone Auctions, as an accommodation and convenience, offers internet bidding to bidders who cannot attend the auction, all as more fully set forth in and subject to the General Conditions. Please ensure that your Live Auctioneers Registration Form and Bank Letter of Guarantee are received by Dragone Auctions no later than 24 hours prior to the session of the auction in which you wish to bid. Payment Dragone Auctions must receive payment of the full Purchase Price by 5:00pm eastern time on Wednesday, May 23, 2012. All payments should be made by wire transfer, certified bank check, cashier's check or, with prior written approval of Dragone Auctions finance department, by personal or company check. All unpaid balances are subject to collection. For wire transfer instruction, please refer to the Bank Letter of Guarantee and Wire Instruction page located in the back of catalogue or contact: Kimberly L. Halapin Finance and Operations Manager Email: kim@dragoneclassic.com Tel: 203-335-4643 Cell: 203-650-0009 Financing Dragone Auctions and its sponsors have financing options available. For more information please contact our sales office at (203) 349-8840 or headquarters at (203) 335-4643. There will be representatives from Premier Financial Services on-site to provide financing or please contact them directly at: 203-267-7700 or log on to: www.premierfinancialservices.com Buyer's Premium, Taxes and License Fees The Buyer's premium for Vehicles, automobilia and/or non-motor vehicle property shall be ten percent (13%). The Buyer shall also be responsible for any applicable sales or use tax and any fees or duty due on the Lot. All automobilia and non-motor vehicle property sold are subject to a 6.35% Connecticut state sales tax, unless the item is for resale. Please be prepared to complete a Connecticut re-sale certificate. All Vehicles are subject to a 6.35% Connecticut sales tax, unless you fall under one of two categories: (1) You are a licensed automobile dealer. You will be required to supply a copy of your dealer's license and complete a Connecticut resale certificate. (2) You are an out-of-state resident. You will be required to complete Certificate-125 'Sales and Use Tax Exemption for Motor Vehicle or Vessel Purchased by a Nonresident of Connecticut.' A copy of your driver's license will also be necessary. Buyers who take or accept delivery of Lots in Connecticut or who have or will register a motor vehicle Lot in Connecticut (including temporary registration) or who are residents of that state are required to pay Connecticut sales tax unless exempted by law. Purchases picked up by an ICC licensed carrier and shipped directly to the following states will be subject to any applicable sales and/or use tax of such jurisdiction, unless exempted by law: Arizona, California, Georgia, Illinois, Massachusetts, Nevada, New York, Pennsylvania, Texas, Washington DC and Washington State. Buyers holding valid resale certificates for applicable states must file a copy with the cashier prior to or at the time of purchase. Any purchases picked up by a non-ICC licensed carrier would be subject to the same rules as apply to purchases picked up in Connecticut. This auction is conducted under the authority of the Connecticut Department of Motor Vehicles. Domestic and International Vehicle Transport It is the responsibility of the Buyer to schedule the transport of Vehicle(s) prior to the auction. There are strict deadlines when Vehicles must be off the property, and the auction company will not be responsible for Vehicles left after these deadlines. While there is armed security on premises during the event weekend, only limited security will be available after the auction. Deadline for removal of Vehicles and Motorcycles is 5:00pm, Wednesday, May 23, 2012. Intercity Lines will be on-site to handle your domestic vehicle transportation needs or please contact Intercity Lines directly at: 1-800-221-3936 or log on to: info@intercitylines.com for more details. Cosdel International will be on-site to handle your international vehicle transportation needs or contact Cosdel at: 415-777-2000 or log on to: www.info@cosdel.com for complete details. Insurance Please contact a Dragone Auction representative or Charles Schoendorf, an agent for Arthur Gallagher Insurance Company at 203-642-0490 to determine which type of insurance needs you require and which company is best suited for you and your Vehicle. A representative from Hagerty Insurance Company will be on-site to handle your insurance needs. Please contact Hagerty at 877-922-9701 or log on to: www.hagerty.com for detailed information. Connecticut Vehicle Registration Requirements All Buyers registering a Vehicle in the State of Connecticut are solely responsible for any applicable sales or use tax and any fees due on the Lot. The Buyer of a Vehicle is solely responsible for complying with all registration requirements as to such Vehicle. Dragone Auctions makes no representation or warranty with respect to any existing certificate of title or registration for any Vehicle. A representative of Dragone Auctions will assist you with any Connecticut registration procedures, requirements and forms. All Buyers must adhere to any registration procedures required by the Connecticut Department of Motor Vehicles, if applicable and provide any and all required documentation. It is the Buyer's sole responsibility to transport said Vehicle to the Department of Motor Vehicles for any and all inspections required for registration of such Vehicle. Please log on to: www.ct.gov/dmv for more information, requirements and forms. Collection, Removal and Storage At Buyer's sole risk and expense, all Vehicles must be removed from the auction site by 5:00pm eastern time, Wednesday, May 23, 2012. All Vehicles not removed by this time will be removed and stored at a third-party warehouse at Buyer's sole risk and expense. Buyer grants Dragone Auctions an irrevocable power of attorney to remove and store such Vehicles at Buyer's expense. No Vehicle will be released until Dragone Auctions has received payment of the full Purchase Price, in good and cleared funds. Inspection of Vehicles All sales are final and are 'As Is, Where Is' and with all faults as more fully set forth in the General Conditions. Notwithstanding any catalogue description, auction announcement, advertisement, statement, assurance or promise by or on behalf of Dragone Auctions or any of its employees, agents or representatives, and notwithstanding any verbal or written condition report provided by Dragone Auctions. Dragone Auctions has no obligation or responsibility, and does not assume any obligation or responsibility, to undertake an inspection of any Vehicle prior to the auction. Bidders have the opportunity and the responsibility, are strongly encouraged, and are solely responsible for researching and conducting their own independent inspection of the overall condition and examination of any Vehicle(s), documentation, accompanying spare parts and restoration receipts and ownership documents relating to a Vehicle provided by the Seller to Dragone Auctions for said Vehicle(s) during the viewing hours prior to bidding at the auction. Bidders are solely responsible to satisfy themselves, prior to bidding, as to the condition of any Vehicle, including, but not limited to, any desired or necessary repairs, restoration or missing parts. Neither Dragone Auctions nor the Seller shall be responsible for or liable for any repairs, restoration, replacement of parts or any other matter, cost or expense relating to any Vehicle, whether before or after the auction, and by participating in the auction each bidder and Buyer expressly waives, and agrees that it will not seek any recovery from or pursue any claim against Dragone Auctions or the Seller, relating to any of the foregoing, including, without limitation, for repairs, restoration, or replacement of parts. This notice is a part of the General Conditions and is not intended to limit any of the other terms of such General Conditions.

Conditions of SalebrKindly read the following Conditions of Sale carefully. These Conditions of Sale, as amended by any Important Notices or any verbal announcements by the Auctioneer during the Sale, set forth the terms and conditions on which property listed in the catalogue shall be offered for sale or sold by Dragone Auctions and any Seller of such property for whom it acts as agent.brbrThe Conditions of Sale (General Conditions), together with the Bidder Registration Form, the Absentee and Telephone Bidder Registration Form and Important Notices, constitute the sole and entire terms and agreement between Dragone Auctions, the Seller and the Buyer under which Dragone Auctions will offer and sell the Vehiclesproperty in this auction and concerning the respective parties' rights and obligations with regard to the matters addressed herein. By registering to bid or placing a bid at this auction whether in person, through an agent or representative, by absentee bid or by telephone bid, or by otherwise attending or participating in the auction, each bidder, Buyer and person so attending or participating represents, warrants and covenants to and with Dragone Auctions that such bidder or Buyer or person attending or participating has reviewed, understands and accepts and agrees to be, and is, bound by all the General Conditions.brbrDragone Auctions as AgentbrThe Vehicles and other items are offered in this auction by Dragone Auctions as agent for the Seller. In limited instances Dragone Auctions may be selling a Lot as principal. Dragone Auctions, an employee, officer, agent or representative of Dragone Auctions is not responsible or liable for any breach, omission or default by the Seller or Buyer.brbrDragone Auctions' RightsbrDragone Auctions reserves the right, in its sole discretion, to (a) withdraw any Vehicle at any time prior to or at the auction, (b) postpone or cancel the auction of any or all of the Vehicles for any reason andor (c) reject or refuse any bid from any party before or during the auction. Each Buyer andor bidder agrees that Dragone Auctions shall not have any liability whatsoever to any bidder for exercise of any of the foregoing rights, or for any errors in execution or failure to execute any bid(s), regardless of circumstances or events of any kind.brProperty DescriptionsbrAll verbal or written descriptions of the Vehicles or Property or any additional information, including, but not limited to, descriptions in any auction related materials or catalogue, press releases, postings, advertisements, announcements, any invoice or bill of sale, and any statements or affirmations made by or on behalf of Dragone Auctions prior to or at the auction, including, without limitation, any reference to a Vehicle as being a particular make, model, or type or the rarity or uniqueness or provenance thereof, are only statements of opinion and not statements of fact and do not, and shall not under any circumstances be deemed to, create or constitute representations or warranties of any kind by Dragone Auctions or the Seller. Each bidder and Buyer hereby acknowledges and agrees that they are not entitled to rely, and they each agree not to rely, upon any of such descriptions, statements, affirmations, information or materials for any purpose, and that none of the foregoing are a part of the basis of the contract of the purchase and sale of any Vehicle nor do or shall any of the foregoing supersede or modify any of the General Conditions.brbrCertificate of Title and RegistrationbrIt is the responsibility of the Bidder's and Buyer's to independently investigate and examine any and all documentation pertaining to the certificate of title and registration for any Vehicle provided by the Seller and made available by Dragone Auctions prior to the auction. Dragone Auctions makes no representation or warranty with respect to any existing certificate of title or registration for any Vehicle. Dragone Auctions does not guarantee or make any representation or warranty that any or all the documentation, certificate of title or registration provided by the Seller will satisfy the requirements of any state in the United States or any Foreign government, and Dragone Auctions shall not be liable under any circumstances in regards to such documentation whether or not it is acceptable, complete or adequate. The title documentation is provided by the Seller and Dragone Auctions does not assume any responsibility or liability with regard to such title documentation or the quality or marketability of title to any Vehicle. The Buyer of a Vehicle is solely responsible for complying with all registration requirements as to such Vehicle.brbrbrInspection of VehiclesbrIt is the responsibility of the Bidder to inspect the overall condition and all other matters pertaining to the Vehicle(s) as the Bidder deems necessary prior to bidding, including, without limitation, the title, condition, value, quality, authenticity, description (not limited to the catalogue description) and whether or not any Vehicle complies with any federal, state or other laws or regulations of any kind. It is the Bidders responsibility to identify any repairs, restoration and replacement parts needed to ascertain completeness. Dragone Auctions, an employee, officer, agent or representative of Dragone Auctions does not assume any obligation to undertake a thorough inspection of the Vehicle(s) condition, repairs, restoration andor information, including, without limitation, any catalogue or other description or announcement or affirmation. Dragone Auctions relies upon information provided by the Seller, including but not limited to, condition, provenance and repairs. Dragone Auctions cannot undertake a level of inspection necessary to obtain or verify such information provided in the catalogue. Dragone Auctions does not assume any responsibility to determine the condition of any Vehicle and any condition report is not intended to and does not negate or modify the As IsNo Warranty or any other General Conditions set forth in this catalogue. Bidders are provided the opportunity to inspect Vehicles prior to the auction and are strongly encouraged to conduct and rely upon their own independent inspection and examination of any Vehicle, and all matters relating thereto, before placing any bid. brbrRoadworthinessCompliancebrAside from any verbal or written statement, description of any kind regarding any Vehicle, whether by or on behalf of Dragone Auctions or the Seller, including, without limitation, in the catalogue for the Auction, all Vehicles are sold As Is and ONLY as collector's items. Vehicles may not be suitable for use on the road. The Buyer of any Vehicle who intends to use the Vehicle on the road is solely responsible for determining roadworthiness and for complying with all applicable regulations regarding title, registration, insurance, emission control and safety equipment. The Buyer assumes all risk of whether any such Vehicle will or does comply, and neither Dragone Auctions nor Seller shall have any liability or responsibility of any kind for failure to comply or lack of roadworthiness by any Vehicle.brbrNo Warranty As Is brAll sales are final and are sold As Is. Bidders and Buyers are strongly encouraged to inspect and examine any Vehicle(s) of interest, as to the condition of the Vehicle(s) and any other matters pertaining to the Vehicle(s) prior to bidding. Aside from any catalogue descriptions, auction announcements, advertisements, affirmations, press releases, andor any written or verbal statements on behalf of Dragone Auctions and or the seller, whenever and however made, including, without limitation, in the catalogue, bill of sale, title documents, invoice or other writing, all sales are made without any representations or warranties of any kind. No catalogue description, auction announcement, written or verbal information, description, posting, reference, advertisement, press release, statement (verbal or written) by or on behalf of Dragone Auctions andor Seller, whenever and however made, is intended to be, or shall be deemed to be or deemed to create, a representation or warranty or assumption of any liability by Dragone Auctions or Seller. Neither Dragone Auctions nor the Seller makes any representation or warranty of any kind, express or implied, as to title with regard to any Vehicle. Further, regardless of any announcement, statement, affirmation or description (whether verbal or written), neither Dragone Auctions nor the Seller makes any representation or warranty of any kind, express or implied, as to merchantability, fitness for a particular purpose, correctness, accuracy or adequacy of any description (including without limitation, the catalogue description), performance, roadworthiness, condition, authenticity, quality, provenance, title, rarity or historical relevance with regard to any Vehicle or whether or not any Vehicle complies with any federal or state laws, regulations or ordinances of any kind, nor does Dragone Auctions or the seller accept or assume any liability or responsibility for any of the foregoing. Dragone Auctions and the Seller hereby expressly disclaim any and all representations and warranties, including any express or implied warranties, including, without limitation, any representations or warranties relating to title, warranty for a particular purpose, merchantability, quality, value, estimates, accuracy of information or description and any warranty of condition of the Vehicle (including as to any condition report). Neither Dragone Auction, nor the seller, shall have any liability or responsibility for any errors, omissions andor inaccuracies in any description, announcement, postings, statements, documents or materials, including, without limitation, in the catalogue, regardless when made. Each bidder and Buyer acknowledges and agrees that they are not entitled to rely and they each agr

Local Taxes Apply