Pook and Pook Americana & International Auction 2021

281 Absentee bids are accepted and/or executed at the discretion of Pook & Pook, Inc. and at the risk of the bidder. Absentee bidding is a convenience for bidders not present at auction and we are not responsible for any errors or omissions in connection therewith. Absentee bids less than half of the low estimate will not be accepted, acknowledged, or processed. Off-increment absentee bids will be rounded down to the nearest increment. d. Internet Bidding – Internet bidding, both live and absentee, is available for all sales. A third-party online bidding platform, Bidsquare, www.bidsquare.com, or other live bidding platform require separate registration(s). In order to expedite the Bidsquare or other live bidding platform registration process, it is recommended that you register at least two days before the start of the first session of the auction. Information transmitted to us from any live bidding platform is anonymous and we do not have previous knowledge of bids left by registered users. At the time of the sale, bids are executed by a designated Pook & Pook, Inc. employee transmitted to us by Bidsquare or other live bidding platform in real time. We are not responsible for any errors, omissions, ability or inability, in connection with bidder’s use of any live bidding platform as we are not able to control the reliability of the software used or any transmission speed. 8. Bidding increments IN-HOUSE SALES Bid Amount Increment up to $500 by $25 $500 to $1,000 by $50 $1,000 to $2,000 by $100 $2,000 to $5,000 by $200 $5,000 to $10,000 by $500 $10,000 to $20,000 by $1,000 $20,000 and up auctioneer’s discretion ONLINE ONLY SALES* Bid Amount Increment up to $500 by $10 $500 to $1,000 by $20 $1,000 to $5,000 by $50 $5,000 to $10,000 by $100 $10,000 and up auctioneer’s discretion *subject to change at auctioneer discretion 9. Identical Bids – During auctions, Pook & Pook, Inc. utilizes various bidding options, including multiple online bid platforms, to accept bids in real time, (see Bidding, paragraph 7, above). Because multiple bidding options are present, identical bids may occur on the same lot, without notification to the bidder, prior to the live auction. It is important to understand that: a. The various bidding platforms being utilized by Pook & Pook, Inc. do not communicate with one another. b. A notification of high bid, or similar notification, pre-auction means only that the bid is the highest absentee bid on a that particular platform in that moment in time. A notification of high bid has no bearing on the bidder’s final standing during the auction. c. The auctioneer has no knowledge of all bids prior to the moment a lot is auctioned. d. The auction is conducted in pre-determined, fixed increments, (see Bidding Increments, paragraph 8, above). The winner of the identical bids is determined by the order in which the auctioneer recognizes/accepts the bids in real time and not necessarily when the bids were initially placed. Based on the start price and all other competing bids, it is possible for an absentee bid, either online or in-house, to fall off-increment and land in favor of another bidder at the absentee bidder’s maximum bid. In all cases, the auctioneer makes the final determination over which bids to accept and in which order, (see Auctioneer’s discretion, paragraph 5, above). 10. Title – Title of each lot passes when the hammer falls and/ or the auctioneer says ”SOLD”. Thereafter, any loss by fire, theft, breakage, or any other cause is the sole responsibility of the purchaser. Merchandise must be packed and transported by the purchaser at their own risk and expense. Employees or agents of Pook & Pook, Inc. shall not pack or transport the merchandise. If the buyer requests assistance from an employee or agent of Pook & Pook, Inc. with packaging or transport it is fully at the risk, responsibility, and expense of the purchaser, and Pook & Pook, Inc. shall not be liable for any loss or damage that may be caused by such employee or agent. We are not responsible for any damage to property left on the premises, or removed and stored in a storage facility. Pook & Pook, Inc. is not responsible for the acts or omissions of third parties whom the buyer retains for shipping, or any damage that occurs after items are removed from Pook & Pook, Inc.’s auction house. 11. Buyer’s Premium – A buyer’s premium will be added to the successful bid price and is payable by the purchaser as part of the total purchase price. A buyer’s premium for each individual lot is 23% (26% on Bidsquare or other third party online bid platform (23% to Pook & Pook, 3% to the third-party bid platform)) of the successful bid price up to and including $1,000,000, and 13% on any amount in excess of $1,000,000. This amount will be added to the successful bid price of each lot and is payable by the purchaser together with the applicable sales or use tax which is applied to the total cost of your purchase. 12. Sales Tax – Buyers will be required to pay Pennsylvania Sales Tax of 6% at the time of payment unless: A) Items are shipped out of Pennsylvania by an ICC licensed shipping company; and/or, B) The buyer provides Pook & Pook, Inc. with a valid Sales Tax License Number and completes and signs Pennsylvania Exemption Certificate (REV-1220). The form is available at our office or found here: https:// www.revenue.pa.gov/FormsandPublications/FormsforBusinesses/ SUT/Documents/rev-1220.pdf 13. Payment – Payments can be made with cash, money order, cashier’s check, bank wire, or personal/business check. Make checks payable to Pook & Pook, Inc. A fee of up to $50.00 will be charged for returned checks. First time purchasers must pay with cash, bank check, money order, wire transfer, and/or personal/business check. First time purchasers paying with personal/business check cannot collect items until payment has cleared or ten days post-deposit. We can accept most major credit cards from established clients; however, there is an additional 3.5% surcharge. Pook & Pook, Inc. does not accept debit cards, PayPal, BidPay, and/or Western Union wires. Items purchased for a third party must be paid for by the purchaser of record, regardless of whether the purchaser of record has received funds from the third party. Payment is due no later than 10 days post sale. If payment is not received within 15 days of the day of sale, the credit card of record may be charged the invoice total plus a 3.5% surcharge. If no credit card is available or if payment has not been received within 28 days, Pook & Pook, Inc. will pursue alternate collection avenues to collect the balance due plus any storage, administrative, attorney, and/or court fees. Contact: billing@pookandpook.com wi th any questions. 14. Non-Payment – Pook & Pook, Inc. pays its consignors 30 days after the day of sale. If a buyer fails to make payment within 30 days of the day of sale, Pook & Pook, Inc. shall be entitled to do any or all of the following: a. After 15 Days - Charge the credit card number provided to Pook & Pook, Inc. by the buyer for the total due plus any applicable fees (storage, interest, etc.) plus a 3.5% surcharge. If a deposit was submitted prior to bidding, this amount will not be refunded, but be kept and applied towards any owed amounts. b. After 30 Days – File a Civil Complaint against the buyer