Market Auctions Inaugural Grand Opening Auction

 GENERAL  TERMS  AND  CONDITIONS     All  sales  at  Market  Auctions,  Inc.,  by  any  means,  including  but  not  limited  to auctions,  on  line,   in  person  or  by  representative,  are  governed  by  and  are  subject  to the  following  terms  and   conditions.  By  using  this  site  and/or  participating  in  any Market  Auctions,  Inc.  sales  you  are   agreeing  to  be  subject  to  such  terms  and conditions  and  acknowledgment  that  you  have  read   and  understood  same  or  have consulted  with  counsel  of  your  choice  to  explain  same.  These   terms  and conditions are  subject  to  amendment  and/or  modification  at  the  time  of  sale  by   notices  posted  in  the  sales  room,  printed  amendments  or  announcements  by  the auctioneer   and  participant  agrees  to  be  bound  by  same   1.  The  items  offered  by Market  Auctions,  Inc.  may  be  owned  directly  by  Market  Auctions,  Inc.,   or  Market Auctions,  Inc.  may  be  acting  as  agent  for  the  owner  through  consignment  or   otherwise.     2.  Items  are  sold  “as  is”  a)  All  information  as  to  authorship  has  been provided  to  Market   Auctions  by  the  seller,  and  Market  Auctions  does  not  have  the ability  to  and  does  not  carry   out  more  than  ordinary  due  diligence  on  each  item.  All buyers  are  required  to  acknowledge   this  fact  and  accept  responsibility  for  conducting their  own  inspections  and  investigations   regarding  all  items  in  which  they  may  be interested.  Market  Auctions  exercises  such   reasonable  care  in  our  catalog  descriptions and/or  our  condition  reports  that  follow  our  duty   as  auctioneer.    Such representations  are  based  on  the  information  provided  to  us  by  the   seller,  our  own expertise  and  research  and  consultants  but  are  not  to  be  relied  on  by  buyer   without independent  consultation.     (b)  Every  item  offered  for  sale  at  Market  Auctions  is available  for  buyer  inspection  prior   to  the  auction.  Buyers  are  strongly  encouraged  to make  independent  evaluation  of  all   items  of  interest  to  assure  themselves  of  its quality  and  value.     (c)    All  representations  as  to  condition  of  items  are  subjective and  buyers  must  rely  on   their  own  inspection  to  determine  condition  or  fault. Market Auctions  condition  reports   are  to  aid  buyer  and  are  not  exhaustive  or  definitive. bidders  should  note  that  item  may   have  faults  that  are  not  expressly  referred  to  in the  catalog  or  condition  report.   Photographs  or  illustrations  may  not  truly  represent item  and  all  sizes  and  dimensions   are  approximate  and  buyer  inspection  is  highly recommended.     (d)  Information  provided  to  prospective  buyers  in  respect  of  any item, including  any   pre-­sale  estimate,  whether  written  or  oral,  and  information  contained in any,  catalog,   condition  or  other  report,  commentary  or  valuation,  may  not  be  taken as  of  fact  but  are   a  statement  of  opinion  held  by  Market  Auctions.  Any  pre-­sale estimate  may  not  be   relied  on  as  a  prediction  of  the  selling  price  or  value  of  the item  and  are  subject  to   revision  by  Market  Auctions,  in  our  absolute  discretion, when we  deem  doing  same   appropriate.  Market  Auctions,  its  affiliates  or  agents  assume no  liability  for  any   difference  between  the  pre-­sale  estimates  for  any  item  and  the actual  price  achieved  at   auction  or  other  sale.   1.   BIDDING  PROCEEDURE     (a)  Market  Auctions  retains  the  right  to  determine  a buyer’s  eligibility  to  participate  at   any  sale.  potential  bidders  must  complete  all forms  and  information  requests  required   by  Market  Auctions  to  qualify.     (b)    Bidders that  are  unable  to  personally  attend  any  auction  may  submit  written  bids  to   be entered  by  Market  Auction  on  their  behalf.  All  such  bids  must  be  submitted  on  the   approved  bid  form  in  U.S.  Currency  and  are  subject  to  all,  taxes,  commissions  and   other  normal  and  customary  fees  and  charges.     (c)  All  telephone  bidders  are  required to  submit  a  telephone  bid  application  form.   Market  Auctions  accepts  Telephone bidding  on  all  items.  A  telephone  Bidder  consents   to  all  telephone  bidding  being recorded  and  such  recording  being  recognized  as  the   legal  equivalent  of  a  written  bid and  if  the  winning  bid  a  valid  purchase  contract.     (d)  Online  bidding  is  available through  Market  Auctions  online  live  bidding  platform  on   our  website  at www.MarketAuctionsinc.com.  Online  bidders  must  register  online  before   the  start  of the  auction  and  be  deemed  qualified.  A  bidder  submits  a  bid  by  clicking  the   bid button  on  the  computer  screen,  all  bids  submitted  are  final  and  may  not  be   canceled.      No  online  bids  are  displayed  on  the  online  bidder’s  computer  screen  as   “floor  bid,”  “phone  bid”’  or  “paddle  bids”.     (e)  All  winning  bidders,  regardless  of bidding  method,  are  responsible  for  the  full   payment  of  the  purchase  price  and  all applicable  fees,  commissions,  taxes  and  other   customary  charges.     (f)  All  credit  card payments  are  subject  to  a  3%  service  fee.     2.   CONDUCT  OF  THE  AUCTION     (a)    The winning  bidder  will  be  announced  by  auctioneer  striking  the  hammer,   thereupon  the winning  bidder  is  responsible  for  payment  of  the  bid  including,  taxes,   commissions and  other  customary  fees.  The  Risk  and  responsibility  for  the  item  passes   to  the buyer  at  the  earlier  of  pick  up  or  5  days  after  sale.     (b)    Some  items  presented  may have  a  reserve  price,  the  auctioneer  may  personally   bid  or  may  accept  bids  made  by a  company  affiliated  with  Market  Auctions  to  protect   the  reserve  price.     3.   PAYMENT  AND  PICK  UP   (a)  The  buyer  agrees  to  pay  Market  Auctions,  Inc.,  in  addition  to  final  hammer  price  of   the  item,  a  buyer’s  premium  and  any  applicable  sales  tax.  The  cumulative  buyer’s   premium  is  25%  up  $50,000.00,  20%  from  $50,001.00  to  $250,000.00,  15%  from   $250,001  to  $1,000,000.00  and  12  %  from  $1,000,001  and  above.  Unless  the  buyer   has  a  valid  US  resale  tax  certificate  all  applicable  taxes  are  payable  by  buyer.     (b)  Payment  is  due  immediately  following  the  auction  in  US  funds  by  cash,  check   drawn  on  a  US  bank,  credit  cards  (subject  to  a  3%  transaction  fee)  or  wire  transfer.   Checks  to  be  made  payable  to  Market  Auctions,  Inc.  located  at  500  N.  Dixie  Highway, Lake  Worth,  Florida  33460,  please  indicate  sale  date  and  item  number  on  payment.     (c)  Payment  by  wire  transfer  may  be  sent  directly  to  Market  Auctions.  Bank  transfer   details:     Iberia  Bank   SWIFT  Code:    IBEAUS44   ABA  Routing:  265270413   For  the  account  of Market  Auctions  Inc.   Account  no.:  20001791648   Please  reference  the  sale  date  and item  number.     (d)  Title  in  a  purchased  item  does  not  pass  until  Market  Auctions  has  received cleared   funds.  No  item  will  be  released  without  cleared  funds  and  proper identification.     (e)  Upon  receipt  of  cleared  funds  Market  Auctions  will  release  the  item  to  buyer.   All items  are  to  be  collected  from  our  sales  center  located  at  500  N.  Dixie  Highway,   Lake  Worth,  Florida  33460,  during  our  regular  business  hours.  At  the  earlier  of  buyer   pick  up  or  5  days  after  sale  the  risk  of  loss  passes  to  the  buyer.     (f)  Market  Auction  provides  a  15  day  pick  up  window  for  buyer,  unless  special   arrangements  are  made  buyer  will  be  charged  a  reasonable  storage  fee  after  such  15   days.   4.   PRIVACY  POLICY Please  see  Market  Auctions,  Inc.  privacy  available  at  www.MarketAuctionsInc.com.     5.   LIMITATION  OF  LIABILITY     Market  Auctions,  Inc.,  our  affiliated  companies  and  the  seller’s  sole  liability  in  any   action  regarding  the  sale  to  the  buyer  shall  be  limited  to  the  Purchase  Price  paid  by the   buyer  for  the  Item.     (a)  Neither  Market  Auctions,  Inc.  nor  any  of  our  affiliated companies  or  the  seller  (i)  is   liable  for  any  errors  or  omissions,  whether  orally  or  in writing,  in  information  provided  to   prospective  buyers  by  Market  Auctions  or  any  of our  affiliated  companies  or  (ii)  accepts   responsibility  to  any  bidder  in  respect  of  acts or  omissions,  whether  negligent  or   otherwise,  by  Market  Auctions  or  any  of  our affiliated  companies  in  connection  with  the   conduct  of  the  auction  or  for  any  other matter  relating  to  the  sale  of  any  item.     (b)  All  warranties  whether  express  or implied,  including  any  warranty  of  satisfactory   quality  and  fitness  for  purpose,  are specifically  excluded  by  Market  Auctions,  Inc.  our   affiliated  companies  and  the  seller to  the  fullest  extent  permitted  by  law.     (c)  Neither  Market  Auctions,  Inc.  nor  any  of our  affiliated  companies  or  the  seller  shall be  liable  to  the  buyer  for  any  loss  or damage  beyond  the  refund  of  the  Purchase  Price,   whether  such  loss  or  damage  is characterized  as  direct,  indirect,  special,  incidental  or   consequential,  or  for  the payment  of  interest  on  the  Purchase  Price  to  the  fullest  extent   permitted  by  law.     (d)  These  terms  and  conditions  do  not  exclude  or  limit  the  liability  of  Market Auctions   or  any  of  our  affiliated  companies  to  the  buyer  in  respect  of  any  fraud  or fraudulent   misrepresentation  made  by  any  of  us.   6.    COPYRIGHT   Market  Auctions,  Inc.  retains  the  copyright  to  all  images,  illustrations  and  written   materials  produced  by  or  for  Market  Auctions  relating  to  an  item,  including  the contents   of  any  catalog.  Such  images  and  materials  may  not  be  used  by  the  buyer or  any  other   party  without  our  prior  written  consent.  Market  Auctions  and  the  seller make  no   representations  that  the  buyer  of  an  item  will  acquire  any  copyright  or other   reproduction  rights  in  it.     7. ENTIRE  AGREEMENT     (a)  These  Terms  and  Conditions,  subject  to  amendment  or  modification  as  provided in Paragraph  1  above,  set  out  the  entire  agreement  between  the  parties  with  respect  to the  transactions  contemplated  herein  and  supersede  all  prior  and  contemporaneous   written,  oral  or  implied  understandings,  representations  and  agreements.     (b)  All notices  to  Market  Auctions  shall  be  in  writing  and  specify  the  auction  date  and   item number.  All  notices  to  buyer  will  be  to  address  provided  by  buyer.     (c)  The  buyer’s his  successors,  assigns  and  representatives  are  subject  to  these  terms   and  conditions to  the  same  extent  as  the  original  buyer.     (d)  Should  any  provision  of  these  Terms and  Conditions  are  held  to  be  void,  invalid  or   unenforceable  by  any  court,  the remaining  provisions  shall  remain  in  full  force  and   effect.  No  failure  by  Market Auctions,  Inc.  to  exercise,  nor  any  delay  in  exercising,  any   right  or  remedy  under these  Terms  and  conditions  shall  waive  or  release  any  part  of   same.     8. LAW  AND  JURISDICTION     (a)  The  rights  and  obligations  of  the  parties  with  respect  to  these  Terms  and   Conditions,  the  conduct  of  the  auction  and  any  matters  related  to  any  of  the foregoing   shall  be  governed  by  and  interpreted  in  accordance  with  laws  of  the  State of  Florida,   excluding  its  conflicts  of  law  statutes.     (b)  Market  Auctions,  and  all bidders  and  all  sellers  agree  to  the  exclusive  jurisdiction  of   the  (i)  state  courts  of the State  of  Florida  located  in  Palm  Beach  County  and  (ii)  the   federal  courts  for  the Southern  District  of  Florida  to  settle  all  disputes  arising  in   connection  with  all aspects  of  all  matters  or  transactions  to  which  these  Terms  and  Conditions  relate  to or  apply.     (c)  All  bidders  and  sellers  irrevocably  consent  to  service  of  process  or  any  other   documents  in  connection  with  proceedings  in  any  court  by  facsimile  transmission,   personal  service,  delivery  by  mail  or  in  any  other  manner  permitted  by  Florida  law  or the  law  of  the  place  of  service,  at  the  last  address  of  the  bidder  or  seller  known  to   Market  Auctions.     9. Sales  Tax (a)  Unless  the  buyer  has  delivered  a  valid  certificate  evidencing  exemption  from  tax,   the  buyer  shall  pay  applicable  sales  tax  on  any  item  picked  up  or  delivered  anywhere in   the  United  States  where  State  law  requires  same.     (b)  If  the  point  of  delivery  or transfer  of  possession  for  any  purchased  item  to  the  buyer   or  the  buyer’s  designee occurs  in  Florida,  then  the  sale  is  subject  to  Florida  sales  tax  at   the  existing  rate  of 7%  on  the  first  $5000.00  and  6%  on  anything  above  $5000.00.