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Bidding in this auction sale constitutes  acceptance by you ("Bidder") of all the Terms 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 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.

Gallery Buyer’s Premium Terms: Note  that a twenty-three percent (23%) buyer's premium will be added to the  hammer price. However, a reduced buyer's premium of twenty percent (20%)  will be added to the hammer price for payment by cash, debit card, wire  transfer, or checks pre-approved by

Alex Cooper Auctioneers.  Payment must be made or postmarked within 5 business days of the sale  date in order to receive the reduced buyer’s premium.

Alex Cooper Select Buyer’s Premium Terms: Note  that a twenty-three percent (23%) buyer's premium will be added to the  hammer price. However, a reduced buyer's premium of twenty percent (20%)  will be added to the hammer price for payment by cash, debit card, wire  transfer, or checks pre approved by Alex Cooper Auctioneers. Payment  must be made or postmarked within 5 business days of the sale date in  order to receive the reduced buyer’s premium.

Discovery Buyer’s Premium Terms: Note that a twenty-three percent (23%) buyer's premium will be added to the hammer price.

Alex Cooper In-Home Buyer’s Premium Terms: Note  that a twenty-three percent (23%) buyer's premium will be added to the  hammer price. Shipping arrangements are the responsibility of the  purchaser. You are paying a third-party shipping company, so the  shipping cost will be higher. Be sure to read each item's condition, and  contact us for condition reports and verification before bidding. Feel  free to contact us with any other questions.

Please note:  Transparent holders in which the auction lots are stored are to  facilitate viewing and inspection of the lots and ARE NOT for long-term  storage.

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

These  Terms and Conditions of Sale contain all terms and conditions on which  Alex Cooper Auctioneers and the seller contract with the buyer of any  tangible personal property sold at auction by Alex Cooper Auctioneers.  These Terms and Conditions of Sale may be amended by Alex Cooper  Auctioneers 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 auction, whether in person or by agent, absentee bid,  telephone, Alex Cooper internet software, you agree to be bound by these  Terms and Conditions of Sale.

1. AGENCY

Alex Cooper  Auctioneers 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 owner of the item and the successful bidder for the item.

2. PRESALE ACTIVITY

A.  Inspections. All Alex Cooper Auctioneers 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 Auctioneers recommends  you have an expert examine the lot for you or do not bid on the item in  question. Neither Alex Cooper Auctioneers nor the seller made any  warranty or guaranty as to property offered at auction except as  provided in Section 5 hereof.

B. Descriptions. Written and oral  descriptions, including without limitation catalogue and internet  descriptions and condition reports, are our opinions only, and should  not be construed or relied upon as statements of fact nor as guarantees  of any kind. Such statements do not constitute a representation,  warranty or assumption of liability of any kind by us. Alex Cooper  Auctioneers is not responsible or liable for the correctness of the  catalogue, internet 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 has not been disinfected.

C.  Images. All images in Alex Cooper Auctioneers catalogues are for  identification purposes only and are not intended to represent the  actual color or clarity of the item being auctioned. All photos are of  the actual items being auctioned unless otherwise noted in the catalogue  or online listing. Please note that the photos may be enlarged to show  detail or reduced for inclusion in the catalog online listing.

D.  Estimates of Selling Price. Any estimate of the selling price of an item  stated in our catalogue or internet listing is intended as a guide for  prospective bidders. Any bid between the listed figures would, in our  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  this is the price at which the item will in fact sell.

E. 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 Auctioneers 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, internet descriptions, condition reports, and  elsewhere.

3. CONDUCT OF SALE

A. Bidder Qualification. Alex  Cooper Auctioneers may from time to time establish standards of  qualification for bidders. Internet bidders must qualify through the  particular online bidding software. Alex Cooper Auctioneers reserves the  right, at its complete discretion, to refuse admission to the premises  and/or participation in any auction, and to reject any bid.

B.  Bidder Registration. Prospective bidders are required to register prior  to the auction. Registration is available a limited number of days prior  to the time and place of the auction. Internet bidders may register  through the Alex Cooper internet bidding software. PRIOR TO BIDDING, ALL  REGISTRANTS ARE REQUIRED TO CAREFULLY READ ALL TERMS AND CONDITIONS OF  SALE, THE DESCRIPTIONS FOR THE LOTS ON WHICH THEY HAVE BID AND THEY  AGREE TO BE BOUND BY THESE TERMS OF SALE. Any questions shall be  directed to Alex Cooper Auctioneers 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.

C.  Internet Bidding. Internet bidding is offered as a service to our  customers, and prospective bidders shall not hold us responsible for any  errors or failures in executing bids, nor shall they hold us  responsible for any failure due to the loss of the auction applet  supplied to us by the Alex Cooper

internet bidding software.  Internet 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. Internet

bids  are announced competitively by a member of our staff at the time of the  live auction. Alex Cooper Auctioneers may be offered other bids of the  same value as your internet bid. It is at the auctioneer's discretion  which of these bids it chooses to accept during the auction.

D.  Acceptance and Rejection of Bids. Alex Cooper Auctioneers reserves the  right to accept or reject any bid for any reason whatsoever. Absentee  bids must be greater than 50% of the low estimate. The highest bidder  acknowledged by Alex Cooper Auctioneers will be the actual buyer. In the  event of any dispute between bidders, or in the event of doubt on Alex  Cooper Auctioneers' part as to the validity of any bid, Alex Cooper  Auctioneers will have the exclusive final discretion to determine the  successful bidder, cancel the sale, or to re-offer and resell the item  in dispute. Alex Cooper Auctioneers is not responsible for any errors or  omissions in connection therewith. Alex Cooper Auctioneers shall be the  sole arbitrator in case of any disputed bid.

E. Reserves. It is  the policy of Alex Cooper Auctioneers to act as agent on behalf of the  sellers; Alex Cooper Auctioneers does not permit a seller to bid on his  or her own lots unless expressly so 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 Auctioneers through conclusion of the  auction 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. It is important for all bidders to know that Alex  Cooper Auctioneers 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 Auctioneers  will not place consecutive bids on behalf of the seller above the  reserve.

F. Withdrawal of Lots. Alex Cooper Auctioneers reserves  the right to withdraw any lot before or during the sale and shall have  no liability whatsoever for such withdrawal. No participant in the  auction sale shall have a right to claim any damages, including  consequential damages if a lot is withdrawn.

G. Bidding  Increments. Alex Cooper Auctioneers uses the following increment  multiples for all bidding, whether live, absentee, telephonic or  internet.

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

H.  Winning Bids. Subject to Alex Cooper Auctioneer's discretion, the  highest bidder accepted by Alex Cooper Auctioneers 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 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 Terms of Sale. ALEX COOPER AUCTIONEERS IS NOT RESPONSIBLE FOR ANY  ERRORS IN BIDDING. All Bidders should make certain to bid on the correct  lot and that the bid is the bid intended. Once the hammer has fallen  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.

A. Invoice. The bidder acknowledges that the invoice describing a lot by number incorporates the catalog and Terms of Sale.

B. Buyer's Premium.

Gallery Terms: Note  that a twenty-three percent (23%) buyer's premium will be added to the  hammer price. However, a reduced buyer's premium of twenty percent (20%)  will be added to the hammer price for payment by cash, debit card, wire  transfer, or checks pre-approved by Alex Cooper Auctioneers. Payment  must be made or postmarked within 5 business days of the sale date in  order to receive the reduced buyer’s premium.

Alex Cooper Select Terms: Note  that a twenty-three percent (23%) buyer's premium will be added to the  hammer price. However, a reduced buyer's premium of twenty percent (20%)  will be added to the hammer price for payment by cash, debit card, wire  transfer, or checks pre-approved by Alex Cooper Auctioneers. Payment  must be made or postmarked within 5 business days of the sale date in  order to receive the reduced buyer’s premium.

Discovery Terms: Note that a twenty-three percent (23%) buyer's premium will be added to the hammer price.

Alex Cooper In-Home Terms: Note that a twenty-three percent (23%) buyer's premium will be added to the hammer price.

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 Auctioneer’s business  office 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 Auctioneers is registered will be  subject to that state’s applicable sales tax, and will be collected and  remitted by Alex Cooper Auctioneers. 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 Auctioneers  is not required to collect the applicable sales tax from the buyer.

D.  Payment. Alex Cooper Auctioneers accepts cash, certified checks, Visa  or Mastercard as payment. Credit card payments are limited to a total  invoice amount of $20,000. Credit Card Payment must include image of  credit card and accompanied by copy of a driver’s license or other  acceptable photo identification. Wire transfers are encouraged and can  be arranged through our accounting department.

No personal checks  will be accepted without prior approval. On any cash transactions or  series of transactions exceeding $10,000, Treasury Form 8300 will be  filed. All property must be paid within 5 business days following the  close of the auction. Internet bidders should contact Alex Cooper  Auctioneers 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 payment has not been made  within the allotted time period.

E. Collection of Lots /  Shipping. No lots shall be delivered to or collected by the winning  bidder until payment in full of the purchase price and all applicable  taxes and charges. All lots must be picked up by the winning bidder or  the winning bidder's shipper within five business days following the  close of the auction. Property left past this date will be subject to a  warehouseman's charge of $10.00 per day for each lot not removed for the  first week and $25.00 per day for each lot thereafter. If lots are not  picked up within 5 business days Alex Cooper Auctioneers, Inc. is  indemnified against damage or loss. For internet bidders requiring lots  to be shipped to them, Alex Cooper Auctioneers will provide names of  packing and shipping agents located in Baltimore, and customers may  arrange for services by one of those agents or one or their own choosing  to pack and ship the property. Alex Cooper Auctioneers will not pack or  ship; providing names of packing and shipping agents is done as a  convenience for the winning bidders and Alex Cooper Auctioneers shall  have no responsibility or liability for loss or damage of property  shipped to winning bidders.

F. Offsite Storage Information for  Sold Property. Please not that all lots are subject to Alex Cooper  Auctioneers, Inc. STORAGE POLICY. Buyers will be expected to pick up all  property from Alex Cooper Auctioneers, Inc. within five days after  completion of the auction. The details are as follows:

i. Two  weeks after the auction date, all items will be transferred to Navis  Pack and Ship located at 1587 Sulphur Spring Road, Suite 107, Baltimore,  MD 21227. Items will be subject to Navis Pack & Ship terms and  conditions which can be viewed at:  http://www.gonavis.com/pdf/Sample%20Possessions%20Storage%20Agreement.pdf

ii.  Buyers will have two days of storage to retrieve their property or to  make arrangements with Navis to pack and ship their property. Storage  fees will begin to accrue on the third day of storage. After the second  day, Navis charges $10 a day per lot. An additional moving transfer fee  may be applicable. Please call 410-737-8020 24 hours in advance to  arrange pick up of your property from Navis.

G. Remedies for  Breach. If any applicable conditions herein are not complied with by a  winning bidder, in addition to other remedies available by law,  including without limitation the right to hold the winning bidder liable  for the total purchase price, Alex Cooper Auctioneers at its option may  either (a) cancel the sale, retaining as liquidated damages all  payments made by the winning bidder or (b) resell the property at public  auction without reserve or minimum selling price, and the winning  bidder will be liable for any deficiency and costs, including handling  charges, expenses of both sales, the commission on both sales at regular  rates, all other charges due hereunder and incidental damages. In the  event of breach by internet bidders of these Terms and Conditions of  Sale, Alex Cooper Auctioneers may file a Non-Paying Bidder Alert to Alex  Cooper internet bidding software. Alex Cooper Auctioneers reserves the  right to impose a carrying charge of 1.5% per month on past due  accounts. Buyers agree to pay reasonable attorney's fees and costs  incurred to collect past due accounts.

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 AUCTIONEERS, 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 AUCTIONEERS, 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.

A. 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.

B. Limited  Rescission Right. Alex Cooper Auctioneers agrees that a winning bidder  who purchases an item has the limited right to rescind the sale (and  Alex Cooper Auctioneers 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  Auctioneers from a pre-qualified expert or museum within the Rescission  Period and return the property to Alex Cooper Auctioneers promptly in  the same condition it was sold. Notwithstanding the foregoing, there  shall be no right of rescission arising due to damage of property  incurred in shipping. The Rescission Period is as follows: a period  equal to the lesser of (i) forty-eight hours from the date the property  purchased is received by the winning bidder or (ii) two weeks from the  date of the auction. In no event will shipping charges be refunded.

6. MISCELLANEOUS.

A.  Governing Law. These Terms and Conditions of Sale, as well as the  respective rights and obligations of Alex Cooper Auctioneers, the  seller, and any purchasers or bidder at any sale of Alex Cooper  Auctioneers, shall be governed by and construed and enforced in  accordance with the laws of the State of Maryland.

B. Limitation  of Liability. In no event shall the liability of seller or Alex Cooper  Auctioneers, 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  Auctioneers, 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 Auctioneers, its  officers, employees and agents, be liable for any claims related to the  errors, acts, omissions, websites, or technology of the Alex Cooper  internet bidding software.

C. Jurisdiction. By bidding at an  auction, whether present in person or by agent, absentee bid, telephone  bid, online internet 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.

D. Legal Fees. In any litigation between Alex Cooper  Auctioneers and any bidders (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.

E. Severability. If any  provision or portion thereof of the Terms and Conditions of Sale shall  be 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.

F. No Assignment.  Unless Alex Cooper Auctioneers 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 Auctioneers. Any assignment without Alex  Cooper Auctioneers' written consent will be void.

G. No Waiver.  These Terms and Conditions of Sale may not be waived by Alex Cooper  Auctioneers unless such waiver is in writing and signed by Alex Cooper  Auctioneers. A waiver on one occasion shall not be a waiver on any other  or future occasion or affect Alex Cooper Auctioneers' right to insist  on strict performance of all other provisions.