Gleannloch Farms - Las Palmas Estate

AUCTION TERMS AND CONDITIONS This auction and all information in this catalog are subject to the Terms and Conditions as outlined below. REGISTRATION and BIDDING: All prospective bidders must register prior to bidding at the auctions on Friday, June 6, 2014 as follows: SHOWCASE AUCTION, Lots 101-169 9:00 a.m. EDT - Fasig-Tipton, Lexington, KY Follows ticketed* Breakfast beginning at 7:45 a.m. EDT PREMIER AUCTION, Lots 201-221 9:00 p.m. EDT - Embassy Suites, Lexington, KY Accompanies ticketed* Gala event beginning at 6:30 p.m. EDT INTERNET BIDDING Bidders wishing to bid via the internet should complete the registration form for this auction through liveauctioneers.com. Internet bidding available beginning after May 14. LIVE ON-SITE BIDDING Bidders who will be present for the auctions should complete their registration on-site upon arrival at The Pyramid Society booth. --Showcase Auction: Bidders may also register at the door for the live Showcase Auction, held at Fasig-Tipton on Friday, June 6th, at 9:00 a.m. EDT. Tickets* are required to attend the preceding complimentary breakfast at 7:45am EDT. --Premier Auction: Only ticketed* Gala attendees, who have registered to bid in advance, may bid during the live Premier Auction, beginning at 9:00 p.m. EDT on Friday, June 6th, at the Embassy Suites Hotel. *A Ticketing and Reservation Form is available at www.theegyptianevent.com TELEPHONE AND ABSENTEE BIDDING Live Telephone bids and Absentee bids are accepted for both auctions with pre-registration through The Pyramid Society. Deadline for registering telephone bidders: May 30th. Deadline for absentee bids: 24 hours before auction begins. Please complete the off-site bidder registration form at www.theegyptianevent.com. TERMS AND CONDITIONS This is a public sale conducted by a licensed auctioneer, with all net proceeds to benefit The Pyramid Society. All property is sold AS IS and WITH ALL FAULTS and The Pyramid Society makes no guarantees, warranties or representations, expressed or implied (including the implied warranties of merchantability and fitness), with respect to the property or the correctness of the catalog or any other description of the authorship, physical condition, size, quality, rarity, importance, provenance, literature or historical relevance of the property or otherwise. Internet, Absentee, and Telephone bids are executed by a designated representative of The Pyramid Society and or via Live Auctioneers with information provided via computer. This is a convenience to bidders who are not present and The Pyramid Society is not responsible for any errors or omissions or for any computer outages or failures that might affect somebody's ability to bid via the internet or via the telephone. The Pyramid Society does not control the transmission speed used by or have previous knowledge of bids left by registered Live Auctioneers users. The title of each lot passes when the auctioneer announces by the fall of the hammer that the lot is sold. Thereafter, possession and risk of loss by fire, theft, breakage or otherwise shall pass to the purchaser. All prospective bidders should inspect the property they wish to purchase prior to bidding. The Pyramid Society has endeavored to be fair and forthright with the descriptions and conditions of all items, however, prospective bidders acknowledge that The Pyramid Society is not an auction house, and that this is a benefit auction. Bidders acknowledge that these items often show normal signs of use and wear. All lots are subject to reserves. The Pyramid Society reserves the right to withdraw any property before sale. Announcements made the day of sale take precedence over printed material or prior verbal statements. Sellers, licensed auctioneer, or designated representatives thereof, are permitted to bid on any item in any of the four designated formats, and are subject to the same terms and conditions as other registered bidders. Unless otherwise announced by the auctioneer, each lot as numbered in the catalog is offered for bidding individually and not in some other form or combination. The highest bidder acknowledged by the auctioneer will be the purchaser. In the event of any dispute between bidders, or in the event of doubt as to the validity of any bid, the auctioneer will have the final discretion either to determine the successful bidder or to re-offer and resell the article in dispute. Purchasers are governed by the laws of the jurisdiction in which the auction is held. By bidding at this auction purchasers consent to the exclusive jurisdiction of the courts in Fayette County, Kentucky. Bidding on any item indicates your acceptance of these terms and all other terms announced/published at the time of sale. BUYER’S PREMIUM A 10% buyer’s premium will be added to the purchase price. SALES TAX Buyers will be required to pay the Commonwealth of Kentucky Sales Tax of 6% at the time of payment unless: A) Items are shipped out of the Commonwealth of Kentucky by a shipping company designated by The Pyramid Society; or B) The buyer provides The Pyramid Society with a resale certificate or a certificate of exemption. Out of state certificates are accepted. PAYMENT Payment is due day of sale and may be made with cash, money order, cashier’s check, bank wire, or approved personal/business check with proper identification. A 3% administrative fee will be added for credit card purchases. SHIPMENT OF PURCHASES All items must be removed the day of purchase. As a courtesy to buyers, the shipment of paid items is provided through The Mail Room, a company designated by The Pyramid Society. Shipping charges are extra and buyers must provide a credit card in advance for payment of such services. Buyers acknowledge and agree that The Pyramid Society shall not be liable for any loss or damage in connection with such services, unless due to the gross negligence or intentional misconduct of The Pyramid Society or its employees or agents. ABOUT THE PYRAMID SOCIETY The Pyramid Society is a breeders' organization dedicated to preserving and promoting the rare and treasured Straight Egyptian Arabian horse. In addition to its many member activities, the Society also hosts the annual Egyptian Event, a breeders' showcase for the Egyptian Arabian horse. In 2014 The Pyramid Society will celebrate its 34th annual Egyptian Event, from June 3-7, at the Kentucky Horse Park in Lexington, Kentucky. To learn more about both the Egyptian Event and The Pyramid Society, visit www.pyramidsociety.org.