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Conditions of Sale

Caza Sikes Auction Terms and Conditions

Conditions of Sale / Caza Sikes AS AGENT

The buyer's premium for absentee bidding, phone bidding or day-of-sale in-person bidding with Caza Sikes is

twenty percent (20%) of the hammer price. Buyer’s premium rates for bidding which takes place on

Liveauctioneers, Invaluable or any other 3rd party platform will be 25%..

The lots listed in this catalogue will be offered by Caza Sikes as owner or as agent for consignor(s) subject to

the following terms and conditions. By bidding at auction you agree to be bound by these Conditions of Sale.

BEFORE THE SALE

Prospective buyers are strongly advised to personally examine any property in which they are interested

before the auction takes place. Condition reports are usually available on request. All lots are sold 'AS IS' and

without recourse and neither Caza Sikes nor its consignor(s) makes any warranties or representations,

express or implied with respect to such lots. Neither Caza Sikes nor its consignor(s) makes any express or

implied warranty or representation of any kind or nature with respect to merchantability, fitness for purpose,

correctness of the catalogue or other description of the physical condition, size, quality, rarity, importance,

medium, material, genuineness, attribution, provenance, period, culture, source, origin, exhibitions, literature or

historical significance of any lot sold. The absence of any reference to the condition of a lot does not imply that

the lot is in perfect condition or completely free from wear and tear, imperfections or the effects of aging. No

statement, whether written or oral, and whether made in the catalogue, or in supplements to the catalogue, an

advertisement, a bill of sale, a salesroom posting or announcement, the remarks of an auctioneer, or

otherwise, shall be deemed to create any warranty, representation or assumption of liability. Caza Sikes and its

consignor(s) make no warranty or representation, express or implied, that the purchaser will acquire any

copyright or reproduction rights to any lot sold. Caza Sikes expressly reserves the right to reproduce any

image of the lots sold in the catalogue.

AT THE SALE

Registration before Bidding:

A prospective buyer must complete and sign a registration form and provide identification before bidding.

When making a bid, a bidder is accepting personal liability to pay the purchase price, including the buyer's

premium, all applicable taxes and all other applicable charges, u

Absentee Bids:

We will use reasonable efforts to carry out written bids given to us prior to the sale for the convenience of

clients who are not present at the auction in person, by an agent or by telephone. Bids must be placed in U.S.

dollars. If we receive written bids on a particular lot for identical amounts, and these are the highest bids on the

lot at the auction, it will be sold to the person whose written bid was received and accepted first. Execution of

written bids is a free service undertaken subject to other commitments at the time of the sale and we do not

accept liability for failing to execute a written bid or for errors and omissions in connection with the written bid.

Telephone Bids:

If a prospective buyer makes arrangements with us prior to the commencement of the sale we will use

reasonable efforts to contact them to enable them to participate in the bidding by telephone and we do not

accept liability for failure to do so or for errors and omissions in connection with telephone bidding. These

telephone bids may be recorded at the discretion of Caza Sikes.

Online Bids:

We will use reasonable efforts to carry out online bids and do not accept liability for equipment failure, inability

to access the internet or software malfunctions related to the execution of online bids.

Reserves:

Some lots in the sale are subject to a reserve which is the confidential minimum price below which such lot will

not be sold. The reserve will not exceed the low estimate of the lot. Reserves are agreed upon with consignors

or, in the absence thereof, the absolute discretion of Caza Sikes The auctioneer may open the bidding on any

lot below the reserve by placing a bid on behalf of the seller. The auctioneer may continue to bid on behalf of

the seller up to the amount of the reserve, either by placing consecutive bids or by placing bids in response to

other bidders. With respect to lots that are offered without reserve, unless there are already competing bids,

the auctioneer, in his or her discretion, will generally open the bidding at half of the low estimate for the lot. In

the absence of a bid at that level, the auctioneer may proceed backwards at his or her discretion until a bid is

recognized, and then continue up from that amount.

Auctioneer's Discretion:

The auctioneer has the right at his or her absolute and sole discretion to refuse any bid, to advance the bidding

in such a manner as he or she may decide to withdraw any lot, and in the case of error or dispute, and whether

during or after the sale, to determine the successful bidder, to continue the bidding, to cancel the sale or to

reoffer and resell the item in dispute. If any dispute arises after the sale, our sale record is conclusive.

AFTER THE SALE

Buyer's Premium:

In addition to the hammer price, the buyer agrees to pay Caza Sikes a buyer's premium and the applicable

sales tax added to the final total. The buyer's premium for absentee bidding, phone bidding or day-of-sale

in-person bidding with Caza Sikes is twenty percent (20%) of the hammer price. Buyer’s premium rates for

bidding which takes place on Liveauctioneers, Invaluable or any other 3rd party platform will be 25%..

Payment:

The buyer must pay the entire amount due (including the hammer price, buyer's premium, all applicable taxes

and other charges) no later than 5 p.m. on the seventh (7) business day following the sale. Payment in U.S.

dollars may be made with cash, credit card, bank check or cashier's check drawn on a U.S. bank, money order

or wire transfer unless other arrangements are made with Caza Sikes. Caza Sikes reserves the right to hold

merchandise purchased by personal check until the check has cleared the bank. The purchaser agrees to pay

Caza Sikes a handling charge of $50 for any check dishonored by the draw.

Packing and Shipping:

Once payment has been made in full to Caza Sikes, we will deliver your items to our shipping agent who will

contact you to arrange payment for the shipping of the merchandise. Contact us immediately at Caza Sikes if

you wish to make other arrangements for shipping or if you want us to hold the items for pickup at Caza Sikes.

We will not be responsible for the acts or omissions of carriers or packers whether or not recommended by us.

Property will not be released to the shipper without the buyer's written consent and until payment has been

made in full. Packing and handling of purchased lots by us is at the entire risk of the purchaser, and Caza

Sikes will have no liability of any loss or damage to such items.

Non Payment:

If we do not receive payment in full, in good cleared funds, within seven (7) business days following the sale,

we are entitled in our absolute discretion to exercise one or more of the following measures, in addition to any

additional actions available to us by law: a.) to impose a late charge of one and a half percent (1.5%) per thirty

(30) days of the total purchase price b.) to hold the defaulting buyer liable for the total amount due and to begin

legal proceedings for its recovery together with interest, legal fees and costs to the fullest extent permitted

under applicable law c.) to cancel the sale d.) to resell the property publicly or privately with such terms as we

find appropriate, to resell the property at public auction without reserve, and with the purchaser liable for any

deficiency, cost, including handling charges, the expenses of both sales, our commission on both sales at our

regular rate, all other charges due hereunder and incidental damages. In addition, a defaulting purchaser will

be deemed to have granted us a security interest in, and we may retain as collateral security for such

purchaser's obligations to us, any property in our possession owned by such purchaser. At our option, payment

will not be deemed to have been made in full until we have collected funds represented by checks, or in the

case of bank or cashier's checks, we have confirmed their authenticity. e.) to offset against any amount owed

f.) to not allow any bids at any upcoming auction by or on behalf of the buyer g.) to take other action as we find

necessary or appropriate.

Failure to Collect Purchases:

If property is not picked up within seven (7) business days following the sale, whether or not payment has been

made, Caza Sikes reserves the right to charge $5 per lot per day or to deliver said property to a public

ware-house for storage at the purchaser's expense. Caza Sikes shall have no liability for any damage to

property left on its premises for more than seven (7) business days following the sale. In addition, we reserve

the right to impose a late charge of one and a half percent (1.5%) per month of the total purchase price if

payment is not made in accordance with the conditions set forth herein. For property that is not picked up after

thirty (30) calendar days, an additional administration fee of $75 will be charged. Property which is paid for but

left on our premises for any reason in excess of sixty (60) calendar days is subject to sale by us with the

balance of any funds recovered in excess of storage charges and any other fees being remitted to you.

LIABILITY

Condition Reports: Caza Sikes is not responsible for the correctness of any statement of any kind concerning

any lot, whether written or oral, nor for any other errors or omissions in description or for any faults or defects

in any lot. Neither the seller, ourselves, our officers, employees or agents, give any representation, warranty or

guarantee or assume any liability of any kind in respect of any lot with regard to merchantability, fitness for a

particular purpose, description, size, quality, condition, attribution, authenticity, rarity, importance, medium,

provenance, exhibition history, literature or historical relevance. Except as required by local law any warranty

of any kind whatsoever is excluded by this paragraph. Purchased Lots ' If for any reason a purchased lot

cannot be delivered in the same condition as at the time of sale, or should any purchased lot be stolen,

mis-delivered or lost prior to delivery, Caza Sikes shall not be liable for any amount in excess of that paid by

the purchaser. Legal Ramifications ' The rights and obligations of the parties with respect to these Conditions

of Sale, the conduct of the auction and any matters connected with any of the foregoing shall be governed and

interpreted by the laws of the jurisdiction in Ohio. If any part of these Conditions of Sale is found by any court

to be invalid, illegal or unenforceable, that part shall be discounted and the rest of the conditions shall continue

to be valid to the fullest extent permitted by law. Discretion - Any and all of the conditions may be waived or

modified in the sole discretion of Caza Sikes

Successful Bid:

The highest bidder acknowledged by the auctioneer will be the purchaser. In the case of a tie bid, the winning

bidder will be determined by the auctioneer at his or her sole discretion. In the event of a dispute between

bidders, the auctioneer has final discretion to determine the successful bidder or to reoffer the lot in dispute. If

any dispute arises after the sale, the Caza Sikes sale record shall be conclusive. Title passes upon the fall of

the auctioneer's hammer to the highest acknowledged bidder subject to the Conditions of Sale set forth herein,

and the bidder assumes full risk and responsibility.