Lot 165: Watercolor, Black Ducks in Flight Signed PETER HANKS:

The highest bidder for each lot shall be the buyer. All Sales are final. Title passes to the buyer upon the fall of our auctioneer's hammer. All sales are for cash, Visa, Master Card, Discover, and business or personal check (with valid ID). All purchases will be in United States Funds. Buyers desiring to pay by check must notify the Gallery directly at (757) 722-9210 for clearance. The auctioneer reserves the right to hold merchandise purchased by personal check until the check has cleared the bank. If any dispute arises as to the bidding or between two (2) or more bidders the auctioneer shall be the sole determinant as to who is the successful bidder and at her discretion may re-offer and resell the article in dispute. If a dispute arises after the sale, the auctioneer's sales records shall be conclusive as to who was the purchaser and the purchase price. We reserve the right to withdraw any property before sale and shall have no liability whatsoever for such withdrawal. Any dispute arising from any auction situation that requires a court judgment to resolve will be resolved in a Hampton, Virginia Court having jusrisdiction over the Phoebus Auction Gallery.

20% Buyer's Premium is applied to all property sold, to be paid by the buyer as part of the purchase price. The auctioneer at her discretion may reject any bid not commensurate with the value of the article offered. We reserve the right to reject any bid or withdraw any lot from the sale Auctioneer is not required to cut bids, but will proceed at even increments unless, at his/her discretion, it is necessary to enhance the sale. Some of the lots in this sale are being sold subject to a reserve. A "reserve" is a confidential minimum price agreed between consignor and the Phoebus Auction Gallery below which a lot will not be sold. We may implement reserves by bidding on behalf of the consignor.

Tax: All appropriate Virginia state and local sales taxes are applied to the full purchase price of a lot including buyer's premium. Current Virginia sales tax is 6 %. Virginia and Out of state Dealers must provide a valid sales tax exemption number to be excused sales tax. Virginia law provides that Out of State Buyers do not pay Virginia Sales Tax on items shipped or delivered Out of State. Virginia buyers that purchase items as gifts and have them delivered to Out of State Recipients must pay applicable Sales taxes.

Agent Responsibilities: If you register for someone else or allow someone else to use your bidder number you are responsible for all lots purchased and charges made against that bidder number. Safeguard your bidder number and password.

Shipping: Items purchased will be shipped upon verification of credit payment, receipt of funds, or clearance of checks. All Shipments are made FOB Hampton, Virginia (Port of Norfolk for international shipments). A handling charge to cover materials and labor of Processing and Packaging plus the Actual cost of shipping/insurance will be charged to process the shipment. Shipping arranged by us will be by the best value and/or least expensive. All shipments are insured for the appraised value or purchase price which ever is greater. If you wish to name your own shipper or agent we will follow your instructions. You will be contacted if shipping costs exceed $400 or 100% of purchase value. Buyers or their agents may pick up items at our Phoebus Showroom if they so desire and make prior arrangement. We are not responsible for the acts or omissions of independent contractors, carriers, or packers of purchased lots, whether or not recommended by us.

The highest bidder for each lot shall be the buyer. All Sales are final. Title passes to the buyer upon the fall of our auctioneer's hammer.

All sales are for cash, Visa, Master Card, Discover, and business or personal check (with valid ID). All purchases will be in United States Funds. Buyers desiring to pay by check must notify the Gallery directly at (757) 722-9210 for clearance. The auctioneer reserves the right to hold merchandise purchased by personal check until the check has cleared the bank.

Shipping: Items purchased will be shipped upon verification of credit payment, receipt of funds, or clearance of checks. All Shipments are made FOB Hampton, Virginia (Port of Norfolk for international shipments). A handling charge to cover materials and labor of Processing and Packaging plus the Actual cost of shipping/insurance will be charged to process the shipment. Shipping arranged by us will be by the best value and/or least expensive. All shipments are insured for the appraised value or purchase price which ever is greater. If you wish to name your own shipper or agent we will follow your instructions. You will be contacted if shipping costs exceed $400 or 100% of purchase value. Buyers or their agents may pick up items at our Phoebus Showroom if they so desire and make prior arrangement. We are not responsible for the acts or omissions of independent contractors, carriers, or packers of purchased lots, whether or not recommended by us.

20% Buyer's Premium is applied to all property sold, to be paid by the buyer as part of the purchase price.

Tax: All appropriate Virginia state and local sales taxes are applied to the full purchase price of a lot including buyer's premium. Current Virginia sales tax is 6 %. Virginia and Out of state Dealers must provide a valid sales tax exemption number to be excused sales tax. Virginia law provides that Out of State Buyers do not pay Virginia Sales Tax on items shipped or delivered Out of State. Virginia buyers that purchase items as gifts and have them delivered to Out of State Recipients must pay applicable Sales taxes.