CECILIO MENDINI FLUGELHORN

                                                             TERMS OF SALE 

1. All purchasers are required to give full name, address and home telephone number.
2. Each purchaser will be required to give a deposit of 25 percent.
3. All deposits and final settlements must be made in CASH, CERTIFIED CHECKS or WIRE TRANSFER payable to the order of AARON POSNIK & CO., INC.
4. All bills must be paid in full by THURSDAY, OCTOBER 31^ST.
5. Purchases must be removed by WEDNESDAY, NOVEMBER 6^TH.
6. In default of payment of bills by THURSDAY, OCTOBER 31^ST. Auctioneer will resell the goods by private or public sale, with or without notice to the purchaser, and deficiency, if any, and charges attending resale, if any, will be charged to the defaulting purchaser.
7. CONDITION OF ARTICLES SOLD – the lots shall be taken away and paid for at the buyer’s risk and expense within the time announced by the Auctioneer, the Auctioneer not being responsible for the correct description, genuineness, authenticity or defect in any lot, and making no warranty in connection therewith.  No sale will be set aside nor allowance made on account of any incorrectness, error in cataloging, or any imperfection not noted.  No deductions on damaged articles, all goods are exposed for public exhibition, and sold “as is” and without recourse.  Purchases will be delivered only upon presentation of receipted bill therefor.
8. REMOVAL, EXAMINATION AND PAYMENT – No lot can on any account be removed during the sale and the full purchase money on all lots sold to the same buyer must absolutely be paid within the time fixed and before the examination or removal of the goods.
9. RESPONSIBILITY FOR NON-DELIVERY – The Auctioneers shall not in any event be liable for non-delivery or for any other thing to any purchaser of any lot other than for the return to the purchaser of the deposit or sum paid on said lot.

10. RISK TO PERSON OR OF PROPERTY – Persons attending during exhibition, sale of and removal of goods assume all risks of damage of or loss to person or property and specifically relieve the Auctioneers from liability therefor.

11. ADDITION TO OR WITHDRAWAL FROM SALE – The Auctioneers reserve the right to withdraw from sale any of the property herein listed or to sell at this sale property not herein listed, and also reserve the right to group one or more lots into one or more selling lots or to subdivide lots into two or more selling lots.

12. In case of dispute on knockdown of any lot, the Auctioneer reserves the right to put up the lot for sale again at once, and resell to the highest bidder.

13. Auctioneer has sole and exclusive right to: (i) refuse any bid deemed too small; (ii) set minimum increased bidding increments; and (iii) enjoy right to determine, with finality, disputes of any kind between auctioneer and bidder.

14. No goods will be delivered during the sale, nor will any claims be allowed after goods leave the premises.

15. Not responsible for goods not removed by WEDNESDAY, NOVEMBER 6^TH.

16. The record of sale kept by the Auctioneer or Bookkeeper will be taken as final in case of any disputes.

17. All bills must be paid to representatives of the Auctioneers at the Auction Site.

1. 18.  PREPPING, LOADING AND TRUCKING ARE THE RESPONSIBILITY OF THE BUYER.

These terms and conditions will be superseded by the Terms and Conditions announced at the time of the auction.