Page 32 - TheRussellCatalogue2016

2016 FIRST STRIKE FRIDAY NIGHT LIVE AUCTION BIDDING PROCEDURES• All bidders in the First Strike Friday Night Live Auction must obtain a registered bid number from museum sta . • Bid numbers are nontransferable. Registered bidders will be responsible for paying for all art pieces purchasedwith their registered bid number.• Bidders need not be present to participate in the First Strike Friday Night Live Auction. Absentee bidding, Internet bidding, and telephone bidding are allowed for this sale.• An Absentee/Telephone Bid form is available in the auction catalogue and online. e form must be submitted by noon (MDT) on Friday, March 18, 2016, for the First Strike Friday Night Live Auction.• All art pieces are o ered “as is.”• e C.M. Russell Museum is an agent for the owner of the art pieces. e museum assumes no risk, liability, or responsibility for the authenticity or the authorship of any art piece identi ed in the catalogue.• e museum reserves the right to withdraw any art piece at any time before the sale. • e museum reserves the right to reject a bid.• Some art pieces may be o ered with a “reserve,” which is a minimum price below which the art piece will not be sold.• Unless announced otherwise by the auctioneer, all bids are per lot as numbered in the catalogue.• In the event of any dispute between bidders, or in the event of doubt as to the validity of any bid, the auctioneer shall have the nal discretion to determine the successful bidder, cancel the sale, or reopen and resell the art piece in dispute. If any dispute arises after the sale, the museum’s sale record shall be the nal and conclusive record of the sale.• Upon acknowledgment of the winning bidder by the auctioneer, title to the art piece shall pass to the bidder. e sale is complete when the auctioneer announces the sale by the fall of the hammer or other customary manner. e auctioneer retains all authority and discretion allowed by law.• e purchase price shall be the sum of the hammer price plus a buyer’s premium of 20% of the hammer price up to and including $500,000 and 15% of the excess of the nal bid price above $500,000. A 3% discount on the premium will be given for payments made with cash or check. e buyer’s premium is calculated separately for each lot.• Successful bidders shall pay for their purchases during or immediately following the auction. • All sales are nal and there will be no exchanges or refunds on art pieces.• Terms of purchase will be cash, check, cashier’s check, or credit card (Visa, MasterCard, Discover, and American Express).• Pickup or shipping arrangements for art purchases are the responsibility of the purchaser.