Rare & Fine Wine: Session II

CONDITIONS
Leland Little Auctions (LLA) has endeavored to accurately describe the items being sold, but all property offered for sale is strictly "as - is" "where - is" with all faults. All sales are final and no refunds are given. The sales records and recordings shall be conclusive. It is the bidder's responsibility to determine the exact condition/authenticity of each item. No statement in this catalogue or by representatives of LLA shall be considered as a warranty or assumption of liability. Written and oral descriptions given by LLA staff members are given as a courtesy to a client, are only an opinion, and should not be considered as a guarantee of age, composition, or authenticity. The absence of a condition statement does not imply that the lot is in perfect condition or completely free from wear and tear or imperfections. By bidding, you signify that you have either closely examined the items, have chosen not to examine them, or have hired an independent agent to examine the item(s) for you. Condition reports are available via the online catalog or by contacting the LLA office.

TERMS
Sales are subject to the following terms and conditions of sale: Bidding is available by live in-house bidding, absentee, and telephone. There is an 18% buyer's premium, and live internet bidding is available with a 23% buyer's premium. Payment is due at the end of the auction by cash, certified funds, approved check, Visa, and MasterCard. North Carolina sales tax is 7.5%.

AUCTIONEER
Leland J. Little, NCAL#6139; NCFL#7452. The auctioneer always reserves the right to withdraw a lot for any reason he deems appropriate, including any lots that may have a reserve, or if there is a lack of bidding interest or lack of appropriate bids. LLA shall have the right to withdraw any item at any time for any reason and to default any sale in the event of an error or dispute.

ABSENTEE AND TELEPHONE BIDS
Arrangements for absentee or phone bidding can be made by completing and submitting the Absentee Bid Form by 5:00 pm the day prior to sale day. This form can be obtained on the website www.lelandlittle.com or by fax - 919-644-1245. No additional phone bids can be accepted on the day of the auction including additions when speaking with a staff person on the phone. Phone reservation contact numbers cannot be changed after 5:00 pm the day prior to sale day. All bids must be secured with a credit card number. All absentee bids will be executed in a fair, competitive and confidential manner. While every effort is made to execute and honor absentee and phone bids, LLA is not responsible for failure to execute a bid and is not liable for any losses incurred as a result of failure to execute absentee bids or failed phone reservations. All bids are time stamped. In case of identical bids, the first bid received will take precedence. Where appropriate, written bids will be rounded down to the nearest amount consistent with the auctioneer's bidding increments. NOTE: It is the bidder's responsibility to accurately record Lot Number and Bid Amount or Telephone number on any Absentee or On-Line bid form. LLA assumes no responsibility or liability in the event a bidder fails to do so. Leaving an absentee or telephone bid indicates the bidder is willing to open the bidding at one half the low estimate of the lot. Bids cannot be submitted, altered, or cancelled via voicemail.

LIVE INTERNET BIDDING
Live internet bidding is available during the auction. LLA cannot be held liable for live internet bids that are not sent, received, or executed by the administrator. If you are bidding live, real-time on-line, please bid quickly because there is a time delay in receiving live bids.

RESTRICTED MATERIALS
Please note that lots containing ivory or any other plant or animal material may be subject to regulations imposed by the Endangered Species Act by the United States Fish and Wildlife Department as well as other restrictions under federal, state and/or local law. Some countries prohibit the importation of property containing materials from endangered plant or animal species and prospective purchasers should familiarize themselves with relevant customs regulations prior to bidding if they intend to import these item(s) into another country. We also suggest that buyers in the United States check with their state's wildlife protection agency for any restrictions on the purchase, possession or sale of ivory or any other animal material. Please note that bidders in New York and New Jersey may not bid on any lots containing elephant ivory, mammoth ivory, or rhinoceros horn. Items containing ivory can only be shipped to an address in the United States. Bidders should check all applicable government wildlife restrictions prior to placing a bid. The buyer will be solely responsible for obtaining any necessary license or permits applicable to the sale or transport of the item(s) including any export or import license and/or certificates as well as any other required documentation.

ESTIMATED WEIGHTS AND MEASUREMENTS
Weights in catalogue description have been estimated through measurement and are to be used as approximate guidelines and not relied on as exact. Jewelry: Unless otherwise stated, all stones have been measured and graded in their settings. Metal weight given for jewelry includes stones unless stated otherwise. Buyers should be reminded that many colored gemstones have historically been treated to enhance their appearance. Lab reports will be referenced in catalogue descriptions.

CLOCKS AND WATCHES
No warrantee that any clock or watch is in working order is given. Virtually all clocks and watches have been repaired in the course of their lifetime and may include parts not original to them. There is no guarantee to works or movement. Unless otherwise stated, weight includes works.

OWNERSHIP
Item ownership is conveyed immediately following the fall of the auctioneer's hammer. While we try to handle and store all items with great care, LLA will have no liability for any loss or damage to an item after the hammer has fallen.

PAYMENT
All items purchased in person must be paid for on sale day. All items purchased via absentee or phone bid must be paid for within five business days of sale date. If a buyer fails to contact LLA within 5 business days following the sale, the credit card used to secure the bid will be charged the amount of the invoice. For items purchased through Live Internet Bidding, LLA will contact and send an invoice to all winning bidders via e-mail at the completion of the auction. If paying by check, LLA reserves the right to hold the item(s) until the check has cleared. Payment can be made by cash, approved certified funds, wire transfer, Visa, and MasterCard. International (non-domestic United States) bidders will be required to pay by wire transfer unless prior arrangements have been made. At the auctioneer's discretion, certain lots will be required to be paid for by wire transfer.

LOADING
Loading purchased items is the responsibility of the buyer. LLA will, as a courtesy, assist with the loading following the sale, but this is done at the risk and responsibility of the buyer. Arrangements for pick-up for buyers who wish to supply their own labor can be easily scheduled during gallery business hours at the registration desk. LLA will have no liability for any damage while providing loading assistance.

STORAGE
Unless prior arrangements are made, pick-up within 10 working days of the auction is required, or a $10.00 per lot per day storage fee will be charged.

ABANDONED PROPERTY
Unless prior arrangements have been made, any lot(s) remaining at the LLA auction gallery more than 90 calendar days after the auction purchase date will be considered abandoned and will be resold at auction to off-set the storage fees. LLA is not obligated to notify the winning bidder that the abandoned lot(s) will be resold at auction.


BIDDING INCREMENTS
(Lower Level - Upper Level: Bid Increment)
$0 - $500 : $25
$500 - $1,000 : $50
$1,000 - $3,000 : $100
$3,000 - $5,000 : $200
$5,000 - $10,000 : $500
$10,000 - $30,000 : $1,000
$30,000 - $50,000 : $2,000
$50,000 and up : Auctioneer's Discretion