Lot 256: Harry C. Reid, HRUA

1.
John Ross & Co (Ross's) act in every respect only as agents for the seller of each lot.

2.
All bids shall be treated as offers made upon the conditions of sale.

3.
The highest approved bidder shall be the Purchaser, and if any dispute arises as to a bid, the lot in dispute may be put up again at the last undisputed bid and any dispute whatever in respect of the property or the sale and delivery of the goods shall be determined by the auctioneer, or in his absence by the Clerk of the sale.

4a.
The bidding shall be regulated by the auctioneer as the sale proceeds, and no bidding shall be retracted.

4b.
The auctioneer has the right to refuse any bid at his absolute discretion.

5.
The auctioneer shall be at liberty to group together any lots, or to divide any lots during the progress of the sale, and in the case of lots upon which there is a reserve, the auctioneer, or his clerk, or the vendor, or the vendor's agent shall have the right to bid on behalf of the vendor, or to withdraw the goods from sale.

6a.
Every purchaser on being declared as such by the auctioneer, shall if required hand in his name and full address and if requested his bank or other suitable references.

6b.
The purchaser shall pay such deposit or sum as may be required from him, the remainder of the purchase money to be paid in cash or by banker's draft at the close of the sale.

6c.
The purchase price payable by the purchaser shall be the aggregate of the price at which the lot is knocked down and and a premium of 18% of the final bid together with Value Added Tax on the premium at the prevailing rate.

6d.
Artists Resale Right. Purchase of lots marked with the symbol only will be subject to payment of a levy. Royalties on this category will be calculated at 4% of the hammer price.

7a.
All statements in the catalogue or advertisements are statements of opinion and are not to be relied upon as statements of fact. Descriptions or illustrations in the catalogue or advertisements are solely for guidance and are not to be relied upon for accuracy. Intending purchasers must satisfy themselves by inspection or otherwise as to the condition or authenticity of any lot. Furthermore,intending purchasers must satisfy themselves as to whether or not any lot has been repaired or restored.

7b.
The auctioneers are not responsible for the correctness of any statement as to origin, date, age, attribution, genuiness or provenance of any lot.

7c.
The auctioneers are not responsible for any defects in any lot.

7d.
Neither the seller nor Ross's nor any person in the employment of the auctioneers has the authority to give any warranty regarding any lot.

8a.
All lots to be paid for and removed from the premises at the buyers expense immediately after close of sale. The auctioneers reserve the right to refuse cheques.

8b.
No removal of any lot or lots will be allowed during the hours of selling, nor under any circumstances until paid for. All goods must be removed between the hours of 9.00 am and 5.00 pm.

8c.
No goods will be delivered without an order from the auctioneer, and no order will be given until the whole account of the purchaser has been paid.

9.
On failure of a purchaser to pay for or remove any lot in compliance with the above conditions, the auctioneers at their absolute discretion and without prejudice may resort to the following rights:

9i.
Without notice to the purchaser to resell the lot either by public auction or private sale. Any loss attending such resale to either the auctioneer of the seller to be made good by the defaulting purchaser. Any gain to be credited to the seller.

9ii.
To store the lot at the sole expense of the purchaser and to release the lot only on full payment of the purchase money along with the premium and Value Added Tax thereon and the cost of storage and any other cost incurred.

9iii.
To charge at 3% above the prevailing Bank of England base rate on the entire amount outstanding, the interest accruing from the date payment is due.

10.
Any lot shall be entirely at the risk of the purchaser from the fall of the hammer.

11.
If any damage be done to the premises by taking down or removing any lot or to the property of a third party, such damage shall be made good at the expense of the person or persons committing such damage or his or their employers.

12.
The auctioneers to be the sole judges in any dispute that may arise during the sale.


John Ross&Co., September 2009

Auction House will ship, at Buyer's expense

The purchase price payable by the purchaser shall be the aggregate of the price at which the lot is knocked down and and a premium of 18% of the final bid together with Value Added Tax on the premium at the prevailing rate.

Artists Resale Right. Purchase of lots marked with the * symbol only
will be subject to payment of a levy. Royalties on this category will be
calculated at 4% of the hammer price.