20th Century Design and Art Auction

ATTENTION: THIS IS A LIVE AUCTION, WE DO NOT KNOW THE EXACT ENDING TIME FOR ANY LOTS OR THE AUCTION. BID PRICE: The highest bidder on a lot shall be the buyer of the lot. The purchase price shall be the sum of 1) the price at which the item is sold (hammer price), 2) a buyer?s premium of 18% on the bid price of any lot that sells for up to $100,000, plus 15% on any amount over $100,000 , plus 3) sales tax unless the purchaser is exempt by law from such taxes. Any lot picked up in the State of Oregon is not subject to Sales Tax. We must have a Bill of Lading from any Carrier that an out of state buyer may send as to avoid your States sales tax. ACCEPTANCE OF BID: As each item is offered and sold, the Auctioneer shall announce the winning bid and the Buyer's Number of the winning bid. Failure of the person assigned to the Buyer's Number to object at the time of announcement shall constitute an acknowledgment of the bid and purchase. The purchaser is legally liable to pay for the item or pay the difference if we must re-offer and sell the item for a lower price. REGULATION OF BID: The Auctioneer shall regulate the bidding and shall be the sole arbiter of any disputes. We reserve the right to withdraw property at any time before the sale and reject a bid from any bidder. PAYMENT AND PICKUP: The balance of the invoice must be paid in full and merchandise picked up within three days of the date of sale. If the property that has been paid for is left longer than 14 days from the day of the auction, it will be considered abandoned and resold to recoup storage fees. We are not responsible for shipping or packing. Internet purchases are not available for pickup till the following day. ABSENTEE BIDS: You can leave absentee bids up to the start of the live auction for all in person bidders. You can retract absentee bids up to 1 hour before the auction begins, after which point your bid amount is locked. In the event of a tie, the floor bidder shall prevail. Legacy Modern assumes no responsibility for failure to execute any bid for any reason and absentee bids are made subject to the Conditions of Sale. Absentee bidders are requested to call after 11am on the first weekday following the sale to find out if they were successful. NO TRANSFERS: No lots shall be sold, transferred, or assigned to anyone other than the winning bidder prior to the removal of the lot from Legacy Modern and only the winning bidder shall remove the lot. RISK OF LOSS: In the event delivery cannot be made because of loss due to fire, theft, or any other reason, Legacy Modern shall only be liable for the return of any deposits or payments made by the purchaser. NO WARRANTY: ALL ITEMS SOLD "AS IS AND WHERE IS" LEGACY MODERN, ITS AGENTS AND EMPLOYEES, AND THE CONSIGNOR DO NOT WARRANT ANY LOT TO BE MERCHANTABLE OR TO BE SUITED FOR ANY PURPOSE AND THEY DO NOT ASSUME ANY RISK, LIABILITY OR RESPONSIBILITY FOR ANY PERSON AS TO AUTHENTICITY, GENUINENESS, CULTURE, SOURCE, ORIGIN, ATTRIBUTION, PERIOD, PURPOSE OR MEASUREMENTS OF ANY LOT. THESE CONDITIONS MAY NOT BE ALTERED OR MODIFIED EXCEPT BY AN INSTRUMENT IN WRITING, SIGNED BY AUCTIONEER AND BUYER. Any condition statement is given as a courtesy to a client, is only an opinion and should not be treated as a statement of fact. Legacy Modern shall have no responsibility for any error or omission. The absence of a condition statement does not imply that the lot is in perfect condition or completely free from wear and tear, imperfections or the effects of aging. RIGHT OF RESCISSION: Not withstanding the preceding conditions, if within 21 days of the date of sale of any lot, the original purchaser (a) gives notice in writing to us alleging that the identification of Authorship of such lot is not substantially correct based on a fair reading of the catalog (including the terms of glossary contained therein), and (b) with 10 days after such notice returns the lots to us in the same condition as at the time of sale and (c) establishes the allegation in the notice to our satisfaction then the sale of such lot will be rescinded and the original purchase price refunded. Nothing in this paragraph shall be construed as an admission by us of any representation of fact, express or implied, obligation or responsibility with respect to any lot. The purchaser?s sole remedy in the physical condition and size, quality, rarity, importance, provenance, exhibition and literature of historical relevance. Although our best judgment is used in attributing paintings, drawings and sculpture created prior to 1870 through the appropriate use of the glossary terms, and due care is taken to ensure the correctness of the supplemental material, the right of rescission does not extend to any possible errors or omissions therein. APPLICABLE LAW: These Conditions of Sale shall be governed by and construed, interpreted, applied and enforced in accordance with the domestic laws of the State of Oregon as applied to contracts entered into by residents of Oregon and to be performed entirely within the State of Oregon. By participating in any auction subject to these Conditions of Sale, it is agreed that all parties (including but not limited to, Legacy Modern, bidders, and purchasers) consent irrevocably and exclusively to venue in Multnomah County in the State of Oregon. ATTORNEY'S FEES: In the event of a dispute, action, arbitration or other legal proceeding arising from the enforcement or interpretation of these Conditions of Sale, in addition to any other relief permitted by law, the prevailing party shall be entitled to recover their reasonable attorney's fees and costs. PAYMENT: Cash, wire transfer,American Express, MasterCard, Discover & VISA accepted, but not for vehicles. If any legal action is commenced to enforce these Conditions of Sale, the prevailing party shall be entitled to re cover its reasonable attorney?s fees and costs. Time is of the essence. Condition: We may include a brief note on condition within the catalog description. We do this when the condition problem is serious enough to affect the estimate of the artwork. This does not constitute a complete condition report, nor should it be assumed that artworks cataloged without mention of condition are in perfect condition.

AS per State of Oregon rule and guidance, all persons that are allowed into the auction house must maintain a distance of at least 6 feet from the next attendee. Total occupancy of the auction house will be monitored and when applicable we might ask you to wait outside or bid thru our windows. We will do all we can to make the experience pleasurable.