American & European Timepieces

Terms

CONDITIONS OF SALE:

1. Each lot in this catalog is offered for sale subject to the terms set out below, as changed or supplemented by provisions a) written in other places within these Terms of Sale, b) in written supplements to this Catalog or other materials prepared by us and c) as stated by the auctioneer or posted in writing at the auction, prior to a bid being accepted for a lot. By bidding at the auction the buyer and all bidders agree to be bound by these terms or those changed and supplemented, whether bidding in person, through a representative, by phone, by internet, or other absentee bid. Fontaine's Auction Gallery, Inc. retains all rights to copyright and other intellectual property contained in this catalog. Sales Results: Results will be available by on our website no earlier than 10:00 am on the Monday following the auction or as soon as Fontaine's Auction Gallery, Inc. has audited and verified all sales. Please do not call prior to this time for results, as they will not be given out under any circumstances. We thank you for your understanding in this matter.

2. Buyer's Premium, Purchase Price, Taxes, and Billing: All bidding at auction and all purchases will be in U.S. Dollars. A buyer's premium in the amount of 28% for online bidding through LiveAuctioneers of the successful high bid will be added to the amount of the successful bid price for all lots purchased at auction. Purchase Price: Upon the announcement by the auctioneer, the successful bidder becomes the purchaser and is responsible for the amount of the successful bid, the buyer's premium, applicable taxes, and other charges provided for in the Terms of Sale. Taxes: The successful bidder is responsible for any applicable taxes, including any sales or use tax. Billing: All successful bidders will be sent invoices by email on the Monday after the auction.

3. Methods of Payment and Fees: Live Auctioneers Payments* is not accepted from international buyers, invoices over $5,000 or for jewelry, watches, currency, gold, silver, other precious metals and wine. Acceptable methods of payment are Cash, Personal Check, Certified Check, Wire Transfer or Live Auctioneers Payments* (plus processing fee). All payments must be paid in full within 7 days of the date of the invoice. Live Auctioneers Autopay will charge the payment method on file 24 hours after invoice receipt. If you would like Autopay removed, please let us know as soon as possible, as this cannot be reversed. We reserve the right to hold all goods paid for by check until payment has cleared. Late Payment Charge: If payment is not received within thirty (30) days of sale, Fontaine's Auction Gallery, reserves the right to impose from the date of sale a late charge of 1 1/2% a month of the total purchase price and deny all future credit.

4. Qualifying to Bid: If you are not known to us, you may be asked to furnish identification, a valid credit card number, and possibly, credit references. If you are acting as another's agent or principal, we may request a letter of authorization. If paying by check, you must establish credit at least three (3) business days prior to the auction. A letter from your bank, presented before the sale may also be accepted at our discretion, although we may retain your purchase(s) until the check clears. If you are successful and do not remit payment within thirty (30) days, the balance will be charged to your credit card together with such charges set forth in these terms of sale.

5. Bidding Increments 0 - 250 = 25, 250 - 1000 = 50, 1000 - 3000 = 100, 3000 - 10,000 = 250, 10000 - 25000 = 500, 25000 - 50000 = 1000, 50000 - 100000 = 2500, 100000 - 500000 = 5000, 500000 - 1000000 =25000 - 1000000 up = 50000. The auctioneer has the sole and exclusive power, discretion, and authority to regulate the bidding and its increments.

6. Absentee Bids - We accept absentee bids by phone, when available, by mail, in person, or by fax. Absentee bids are requested no later than 6:00 p.m. on the Friday before the auction. If you fax your absentee bids, please call us to confirm receipt. All absentee bidding is handled as though you are in attendance. We will buy all designated lots for you at the bidding increment just above where competition stops. Please check and comply with these increments. All unreserved bidding starts at 50% of the low estimate unless there are two or more competing absentee bids at a price higher than that. (For example, a lot estimated at $500-$750, with no reserve, will normally open at $375. If there are two absentee bids for $400 and $600, the lot will sell for $425. "Plus" bids: Because of our structured bidding increments, it is possible that several people will leave identical bids. A bid with an added "plus" bid to the next increment would win the piece. All absentee bidder names and bids are held in strictest confidence, disclosed only in the event of a question after the sale. Absentee bidding is a convenience offered to our customers and, while we will make every effort to execute your instructions, Fontaine's Auction Gallery is not liable or responsible for any errors or failure to do so.

7. When telephone bidding is available at the auction, telephone bid lines are available on a first-come, first-served basis - please reserve as soon as you are able. We must hear from you no later than 12 noon on the Friday before the auction. Determine the lots on which you most want to bid before reserving the lines. If you need condition reports, please request and review them prior to reserving phone lines. We will call you at one phone number ONLY during the auction. If you are unsure of where you or your agent will be during the sale, we recommend you leave absentee bids. All requests for overseas telephone lines must be accompanied by absentee bids, which will be executed on the buyer's behalf, should there be any problems with telephone connections. Your phone number and lots will be confirmed before the auction. Please do not change your phone number after your phone lines have been confirmed; if you do, Fontaine's Auction Gallery will not be responsible for any breakdown in communications. We strongly recommend landlines, as to date, they are more reliable than cellular phones. One of the reasons people bid by phone is to monitor how much they're spending. However, if you bid by phone, you must be willing to bid to the low estimate should the bidding go that far. You may, however, leave absentee bids for any amount. Bids are placed on the telephone at the discretion of Fontaine's Auction Gallery, and at the caller's risk. Telephone bidding is a convenience offered to our customers and, while we will make every effort to execute your instructions, Fontaine's Auction Gallery is not liable or responsible for any errors or failure to do so.

8. Auctioneer's Determination Final - A lot will be sold to the highest bidder as determined in the sole and exclusive judgment of the auctioneer. The auctioneer will also have the sole and exclusive power and authority to a) resolve any disputes between bidders, b) determine whether to pass or re-offer a lot for sale, c) reject or challenge any bid or advance in the bidding, and d) otherwise regulate the bidding and its increments.

9. Reserves - A reserve is the confidential minimum price established between Fontaine's Auction Gallery and the consignor. Fontaine's may implement the reserve at this auction by bidding on behalf of the consignor up to the reserve. If bids on a lot fail to reach the reserve, the lot will be bought-in. 10. Estimates - The estimates provided in this Catalog are our opinion of the price that a willing buyer would pay for the Property at auction. These estimates are opinion, based, where possible, on prices paid for comparable items sold in the past. They are neither a representation nor a prediction of the actual selling price that will be realized at auction, post-auction sale, or upon resale, which may be substantially different from these estimates. We shall not be liable in any way for such a difference.

11. Withdrawal of Property from Sale - Fontaine's Auction Gallery reserves the right to withdraw property from the sale for any reason and with no liability whatsoever for such withdrawal.

12. Warranties and Guarantees - This is a Guaranteed Auction as expressly stated in this paragraph. General: All information in the Catalog concerning: age, authenticity, genuineness, quantity, period, culture, source, or origin is warranted for a period of thirty (30) days from the date of sale by Fontaine's Auction Gallery, except as excluded below. After thirty (30) days from the auction date the warrantee will expire and all items are sold as-is, where-is and there will be no returns for any reason. This warranty extends to only the original buyer of record (that is, the registered bidder). Size is approximate. Clocks are not guaranteed to run. If keys are present, they will be provided. The terms "perfect," "mint," and "pristine" indicate that the item(s) are in the same condition that it was at time of manufacture. The term "Completely restored condition" means that the item(s) may have modifications and/or alterations including replacement parts, added embellishments, new hardware, screws & hinges, new finish and re gilding, new structural and cabinet work. Exclusions and Limitations: This Warranty does not cover: a) Wear, minor imperfections or factory flaws b) Any description which states (or is bracketed in a section described as) "as-is" or "not guaranteed"; c) Subsequent owners or assigns of the property, This disclaimer of liability on our part applies whether the information is included in the catalog, advertisements, announcements, or communicated through our representatives, bills of sale, or elsewhere, and whether written or oral. Fontaine's is not responsible for faulty electrical components.

13. Condition Reports - Condition reports are statements of opinion by the staff of Fontaine's Auction Gallery, and/or independent consultants, it is not a warranty. Absence of a full condition report does not mean that an item is in perfect condition, free from damage, repair or wear. Before bidding on an item, we advise you to request a full condition report. If you would like a condition report for items in this sale, please email us at jf@fontainesauction.com. Please be patient, we get many requests and we make every effort to respond to all of them in a timely fashion. Fontaine's Auction Gallery is not liable or responsible for any errors in the condition report or failure to deliver the same. The buyer is responsible to read the condition report and view the images provided with each item in their entirety as the combination of these two factors will be conclusive in determining the condition stated by Fontaine's Auction Gallery of the items in this auction.

14. Rescission by Purchaser - If within a reasonable time, not to exceed thirty (30) calendar days after the sale, the original purchaser a) gives written notice to Fontaine's Auction Gallery, alleging that the age, authenticity, condition, genuineness, quantity, period, culture, source, or origin as set forth in the terms of sale and warranted by Fontaine's Auction Gallery, as evidenced in the written condition report obtained by the purchaser, were materially inaccurate and misleading and substantially overstated the value of the Property, and b) returns the Property with five (5) days of receiving this permission in the same condition it was in at the time of sale and c) proves the truth of such allegations to the satisfaction of Fontaine's Auction Gallery, the sale of such lot will be rescinded, Fontaine's Auction Gallery will refund the full purchase price to the purchaser. Refunds shall not include costs of transportation, insurance, or other expenses that may have been incurred by the purchaser. After 30 days from the date of purchase the guarantee will expire and all items are then sold as-is, where-is and there will be no returns for any reason. This limited right of rescission is available only to the original purchaser and may not be relied upon by any heir, agent, transferee, assign, or other third party or assigned to any subsequent transferee of the Property which gives rise to the claim. Purchaser acknowledges and expressly agrees that the provisions of the paragraph state the sole and exclusive remedy available to a purchaser in the event of nonconformity in Property purchased. The purchaser understands and agrees that the exclusive remedy for any breach of the warranty shall be a rescission of the sale and a refund of the original purchase price (bid plus buyer's premium), as well as any applicable taxes paid. Neither Fontaine's Auction Gallery nor its consignor shall be liable for damages beyond the remedy expressly provided for herein, such as but not limited to, direct, indirect, special, incidental, punitive, or consequential, including the loss of profit or revenue, cost of obtaining alternative property, claims of customers of the purchaser or otherwise.

15. Rescission by Fontaine's Auction Gallery - In the event Fontaine's Auction Gallery receives notice of an adverse claim with respect to purchased property, Fontaine's Auction Gallery shall have the right (but not the obligation), in its sole and absolute discretion, to rescind the sale to the purchaser, upon written notice to the purchaser. Upon such notice, the purchaser will promptly return the purchased property to Fontaine's Auction Gallery premises in the same condition as when purchased. Fontaine's Auction Gallery will then promptly refund the purchase price, including the buyer's premium and applicable taxes paid. Purchaser will have no further recourse against Fontaine's Auction Gallery or the consignor, and Fontaine's Auction Gallery and the consignor shall not be liable for any damages of any nature suffered by the purchaser.

16. Payment, Collection, and Shipping Responsibilities of Purchaser: Purchaser Obligations: On the fall of the auctioneer's hammer, title to the property immediately transfers to the successful bidder who, in turn, becomes the purchaser of the Property. The purchaser assumes full risk and responsibility for the purchased property, including all costs and expenses of handling, shipping, insurance, taxes, export, and otherwise, and is liable for the full purchase price, plus the buyer's premium, applicable taxes, and any other associated expenses. Arranged Shipping: Many of the items we sell are eligible for arranged shipping (USA only); please view the "Notes" section under the item to see if it's eligible. If your item is eligible and you would like this service, do not pay your invoice yet. Please email jf@fontainesauction.com and we will send you an updated invoice. Arranged shipping will be handled through a third-party shipper, or be sent through USPS, UPS or FedEx; we will determine which is the safest, most cost-effective way. Items will typically be shipped 3-6 weeks after payment has cleared. Depending on your location and size of the item, handling time may take more or less than 4 weeks. All items we arrange to be shipped through USPS, UPS and FedEx will include insurance covered by that carrier unless specified otherwise by the buyer. All items we arrange to be sent through a third-party shipper will include insurance covered by that carrier. Collection of Property and Storage Charges: The purchaser will pay for and remove the purchased property from the premises of Fontaine's Auction Gallery within thirty (30) days of the sale. If the purchased Property is not removed in this time, the purchaser will thereafter be assessed a $10 per lot storage charge per day starting at the date of purchase. Fontaine's Auction Gallery may, at its discretion, remove the purchased Property to public storage at the purchaser's risk and expense. All associated charges will be added to the total invoice and must be paid in full before the property will be released. Packing and Shipping: The purchaser is responsible for the shipment of all purchased property. Fontaine's Auction Gallery does not facilitate shipping, but we can assist in providing information for local packing companies for smaller items or trucking companies nationwide. Fontaine?s Auction Gallery is not liable for any loss or damage to the property for its assistance in shipping. We are not responsible for any damage or loss that occurs while your objects are in another's care. Shipping larger items: Larger items are objects such as furniture, andirons, lamps, floor vases, or any other item whose safe packing will exceed the limits of common carriers. The delivery of large, heavy, or expensive objects is not an inexpensive proposition and we urge you to consider this before bidding. We will work with any shipper of your choosing. Any purchase paid for through Live Auctioneers Payments must be shipped to the name and address on file.

17. Purchaser Default Remedies: If any of the Terms of Sale are not fully complied with by the purchaser, the purchaser will be in default without need of notice by Fontaine's Auction Gallery. The purchaser shall be liable to Fontaine's Auction Gallery and the consignor for the total purchase price, including all premiums, charges, and expenses specified in the Terms of Sale. Interest shall accrue at the rate of 18% per annum commencing with the date of the auction. In addition to other remedies available to Fontaine's Auction Gallery by law, Fontaine's Auction Gallery may, at its option, a) cancel the sale of the lot(s) on which the purchaser defaulted and of any other lots sold to the defaulting purchaser at the same or any other auction(s) and retain as liquidated damages all payments made by the purchaser, b) resell the purchased Property, whether at public auction or private sale, or c) pursue any combination of a) and b) above. In event of default, the purchaser will be responsible to Fontaine's Auction Gallery and the consignor for any deficiency, any and all costs and expenses, including reasonable attorneys' fees, collection fees and expenses, late charges, and other damages. Fontaine's Auction Gallery may, at its discretion, apply any proceeds of sale otherwise due to the purchaser or monies of the purchaser in Fontaine's Auction Gallery's possession to reduce or satisfy the purchaser's obligations. Security Interest: As security for full payment to Fontaine's Auction Gallery and the consignor of all amounts due, the purchaser grants and Fontaine's Auction Gallery retains a security interest in the property purchased at auction and in any other property or money of purchaser in Fontaine's Auction Gallery possession or coming into Fontaine's Auction Gallery's possession (collectively, "collateral"). Fontaine's Auction Gallery shall have the rights of a secured creditor as provided by the Uniform Commercial Code and other applicable law. Such security interest in the Property or other collateral will cease when the property is physically released to the purchaser or the purchaser's agent.

18. Governing Law and Forum for Disputes The laws of Massachusetts shall govern the auctions of Fontaine's Auction Gallery. Any disputes, which may arise in connection with the auction and/or any auction purchase, and all of the terms and conditions set forth herein above, shall be governed by and construed in accordance with Massachusetts law. Anyone who participates in the auction and/or makes auction purchases agrees to submit to the jurisdiction of the courts of the State of Massachusetts. Additionally, bidder/buyer agrees to jurisdiction and venue for any legal dispute to be exclusively in the courts located in Pittsfield, Massachusetts in connection with the auction and/or any auction purchases. In the event that Fontaine's Auction Gallery needs to bring an action to enforce the terms and conditions herein and/or to collect any sum due and owing to it, Fontaine's Auction Gallery shall be entitled in addition to collect its reasonable attorney's fees, collection agency fees, and cost of suit.

19. Limitations of Liability: Fontaine's Auction Gallery acts in many cases as the agent for the consignor and in no event will be liable for any breach or default by the consignor.

20. Severability and Waiver: If any provision or portion of these Terms of Sale shall be deemed unlawful, void, or unenforceable under applicable law, that provision or portion shall be stricken and severed from the remaining provisions which shall remain in full force and effect. Failure to enforce any of the provisions in these Terms of Sale shall not be deemed a waiver of the right to enforce any other provisions of these Terms of Sale.

21. No Assignment: Unless Fontaine's Auction Gallery consents in writing, purchasers may not assign their rights or any of their obligations related to an auction or other sale by Fontaine's Auction Gallery.

22. No Modifications: These Terms of Sale may not be changed unless Fontaine's Auction Gallery and purchaser have agreed to do so in a written agreement signed by both parties.

23. Miscellaneous Export or Import: An export license may be required for the export of certain materials. Some countries prohibit the importation of certain materials. It is the sole responsibility of purchasers to familiarize themselves with any required license and import/export requirements. Fontaine's Auction Gallery will have no responsibility with regard to these matters. Private Sales: These Terms of Sale shall apply to both auction and private sales of property. Paragraph Headings: Paragraph and subheadings are included in these Terms of Sale for ease of reference and should not be used to interpret the meaning of the substantive provisions. If you have any questions after having read the Terms of Sale, please contact the gallery at 413-448-8922.

Bidders who bid from off site and are not present at the live auction or preview understand and acknowledge that they may not be able to inspect an item as well as if they examined it in person. It is the bidder's responsibility to determine condition, age, genuineness, value or any other determining factor. Fontaine's Auction Gallery shall endeavor to describe in detail each item and any pertinent information about that item. Fontaine's Auction Gallery will not be responsible for any errors or omissions in the description of the merchandise.

Fontaine's Auction Gallery in some instances provides internet pre-auction and live bidding as a service to potential bidders. The bidder acknowledges and understands that this service may or may not function correctly the day of the auction. Under no circumstances shall the bidder have any claim against Fontaine's Auction Gallery or anyone else if the Internet service fails to work correctly before or during the live auction. Fontaine's Auction Gallery will not be responsible for any missed bids from any source. Fontaine's Auction Gallery reserves the right to withdraw or re-catalog items in this auction.

24. Firearms: Fontaine's Auction Gallery sells all firearms as collector's items only and we do not accept responsibility as to the shooting safety or reliability of any antique firearm. All firearms are described as accurately as possible. Any city or state regulations regarding owning antique firearms are the responsibility of the purchaser. We do not test the safety or warrant functionality of any firearms. All firearm purchases should be examined by a certified gunsmith prior to shooting.

25. All bidders and buyers of wine/spirits must be at least 21 years of age. If shipping wine, buyer warrants that he/she is at least 21 years of age. Buyer shall be responsible for the shipment of these wines to be received and signed for by an adult at least 21 years of age.

26. Wine & Spirits: Live Auctioneers payments is not accepted for purchases of Wine or Spirits. Fontaine?s Auction Gallery does not ship any wine, spirit or alcoholic beverage product. These products sold in our auctions are sold in Massachusetts where the title passes to you. Fontaine?s makes no representation with respect to the legality of shipping or transporting any alcoholic beverage products into any jurisdiction. It is important to note that many states have enacted laws that regulate inbound shipments of wine and other alcoholic beverages purchased in another state. This can result in some shipments being a crime unless a permit or license is obtained. Since these laws may affect your purchase of alcohol, we urge you to investigate the laws in your state regarding this subject prior to bidding on any alcohol in our auctions. The purchaser, not Fontaine?s, are the owners and shippers of all alcohol purchased in Massachusetts in our auctions.

Fontaine?s recommends personal pick up of wine, but the buyer may arrange delivery after purchase by an agent. Some agents may have the necessary licenses to ship wine; however, Fontaine?s makes no representations as to the ability of any company to legally ship wine. If a Bidder chooses to appoint an agent to pick up wine and assist with shipping, Bidder bears all risk of loss after pick up. Fontaine?s does not assume responsibility for any deterioration resulting from shipment. Fontaine?s requires notice the day before pick-up.

Alcohol buyers must warrant that they are at least 21 years of age, and that the alcohol will be received by someone that is at least 21 years of age. Upon delivery, the recipient will be required to show photo identification proving that he or she is at least 21 years of age; delivery will not be executed without a signature from the recipient. Photo identification must be presented at the time of collection. When arranging pick up through a third-party of your choice, we require that you send us an email authorizing the item(s) release. Fontaine?s strongly advises Buyers to check weather conditions if arranging transport; It is not recommended to ship during hotter months. During these months, we are happy to offer complimentary wine storage until the weather has cooled down. Please note that if your wine has been stored with us for longer than one year and you have not been in contact with us, we will consider the wine to be abandoned.