Lot Number: Lowest
24
Auction Details
Bid Increments
PriceBid Increment
$0$25
$500$50
$1,000$100
$2,000$250
$5,000$500
$10,000$1,000
$20,000$2,000
$50,000$5,000
$100,000$10,000
$200,000$25,000
Preview
Monday through Friday from 10am to 6pm.
Preview also available Saturday, April 16, 2016 from 10am to 4pm.
4901 Richmond Avenue
Houston, TX 77027
USA
Buyer's Premium
- 24%
Terms & Conditions
1.INSPECTION
All Lots are available for inspection prior to the auction. Condition Reports are usually upon request for
items valued $500 or above. Prospective bidders or their representatives are strongly encouraged to
personally examine any property in which they are interested, before the auction takes place, to evaluate
its condition, size, and whether or not it has been altered, damaged, repaired or restored. All dimensions,
measurements and weight listed in the catalogue or Condition Report are approximate. References in the
catalogue or Condition Report regarding damage or restoration are for guidance only, and buyers are
responsible for satisfying themselves concerning the condition of the property and matters referred to in
the Condition Report and catalogue.
2.WARRANTIES AND DISCLAIMERS
All sales are final, with no returns, exchanges or refunds. ALL LOTS ARE SOLD ?AS IS? and without
recourse and neither MORTON AUCTIONEERS nor the Consignor makes any representations or
warranties, expressed or implied, of any kind or nature as to merchantability, fitness for a particular
purpose, correctness of the catalogue, Condition Report or other description of the physical condition,
size, quality, rarity, importance, medium, material, provenance, authenticity, genuineness, attribution,
period, style, culture, source, origin, exhibitions, literature or historical significance of any Lot. The
absence of any reference to the condition of a Lot does not imply that the Lot is in perfect condition or
completely free from wear and tear, restoration, imperfections, the effects of aging, or any other defects.
The reference to particular defects does not imply the absence of others.
All statements contained in Condition Reports, advertisements, salesroom postings or announcements,
and catalogues, including online catalogues and brochures, or made orally or in writing elsewhere, are
statements of opinion and are not to be relied on as statements of fact. No statement anywhere, whether
oral or written, express or implied, shall be deemed to create any warranty, representation or assumption
of liability. No employee or agent of MORTON AUCTIONEERS is authorized to make any oral or written
representation or warranty, express or implied, with respect to any property on behalf of MORTON
AUCTIONEERS or the Consignor. MORTON AUCTIONEERS and the Consignor are not responsible for
any errors or omissions in the catalogue, Condition Report, or any supplemental material.
MORTON AUCTIONEERS and the Consignor make no representations or warranties, express or implied,
that the buyer acquires any copyright or reproduction rights in any Lot sold. MORTON AUCTIONEERS
reserves the right to reproduce any image of any Lots in the catalogue. MORTON AUCTIONEERS retains
the copyright in all images, illustrations and written material produced by or for MORTON AUCTIONEERS
relating to a Lot, including the contents of the catalogue. Neither the buyer, nor any other person, may
use such material without prior written consent by MORTON AUCTIONEERS.
DUE TO THE INHERENTLY DANGEROUS NATURE OF FIREARMS AND WEAPONRY, PURCHASER
UNDERSTANDS AND ACCEPTS ALL RISK OF LOSS OR DAMAGE RELATING TO PURCHASE OF
THESE ITEMS. NEITHER MORTON AUCTIONEERS NOR THE CONSIGNOR MAKES ANY
REPRESENTATION OR WARRANTY, WHETHER EXPRESSED OR IMPLIED, AS TO THE FITNESS
TO FIRE OR OTHERWISE DISCHARGE ANY FIREARM OFFERED AT SALE. THE PURCHASER
EXPRESSLY ACKNOWLEDGES AND AGREES THAT IN NO EVENT SHALL MORTON
AUCTIONEERS BE LIABLE FOR ANY INJURY, ACCIDENT, OR DAMAGE RESULTING TO ANY
PERSON OR PROPERTY FROM THE STORAGE OR SUBSEQUENT USE OF ANY SUCH LOT, AND
EXPRESSLY INCLUDING WITHOUT LIMITATION ANY COMPENSATORY, INCIDENTAL, OR
CONSEQUENTIAL DAMAGES. USE OF ANY FIREARM PURCHASED AT MORTON AUCTIONEERS IS
ENTIRELY AT THE USER'S RISK AND ANY DECISION TO DO SO SHOULD BE MADE IN
CONSULTATION WITH, AND AFTER THOROUGH INSPECTION BY, A COMPETENT GUNSMITH.
THE COMPANY RESERVES THE RIGHT TO REFUSE SALE OF ANY FIREARM TO ANY
PURCHASER OR PROSPECTIVE PURCHASER AT OUR SOLE AND COMPLETE DISCRETION.
3.ESTIMATES
Each Lot offered for sale is given a high and low Estimate representing the range which, in the opinion of
MORTON AUCTIONEERS, represents a fair prediction of the Lot?s auction price. Pre-sale Estimates,
which do not include the Buyer?s Premium, may or may not reflect the Hammer Price of a Lot and should
not be relied upon as a statement of its value, the price at which the Lot will sell, or for any other purpose.
MORTON AUCTIONEERS reserves the right to adjust Estimates on any Lot prior to or during the auction.
4.WITHDRAWAL AND BIDDING
MORTON AUCTIONEERS reserves the right to withdraw any Lot at any time before its final sale and to
reject any Bid for any reason and shall have no liability whatsoever for such withdrawal or rejection. The
highest bidder for each Lot, acknowledged by the auctioneer, shall be the ?buyer.? In the case of error,
uncertainty regarding the validity of any Bid, or any dispute with respect to bidding, whether during or
after the sale, the auctioneer has absolute, final and sole discretion to determine the successful bidder, to
permit bidding to continue, to rescind the sale, or to re-offer and re-sell the disputed Lot.
5.BUYER?S PREMIUM AND SALES TAX
The total purchase price payable by the buyer includes the Hammer Price of the Lot, a Buyer?s Premium
for that Lot equal to 22% of the Hammer Price, as well as any and all applicable state and local sales
taxes (online buyer?s Premium 24%). Tax-exempt individuals, businesses, and organizations must
present a valid tax exemption certificate at the time of purchase.
6.RESERVES
Lots offered for auction are subject to a Reserve, which is the confidential minimum Hammer Price below
which such Lot will not be sold. The Reserve is set by MORTON AUCTIONEERS in consultation with the
Consignor. No Reserve shall exceed the low pre-sale Estimate of the Lot as stated in the catalogue, or as
amended by posted notices or oral announcements prior to or during the auction. The auctioneer may
implement the Reserve by opening the bidding on any Lot by placing a Bid on behalf of the Consignor
and bidding up to the amount of the Reserve, placing successive or consecutive Bids for a Lot, or placing
Bids in response to other bidders. Neither Consignors nor their agents are permitted to Bid on their own
items.
7.NOTICE REGARDING CERTAIN CATEGORIES OF GOODS
(a) Furniture: MORTON AUCTIONEERS does not accept responsibility or liability for any errors or
omissions with respect to the description of any alterations, restorations, or additions to a Lot, which may
be concealed by upholstery, gilding, or painted decoration and could only be detected by physically
dismantling the Lot.
It is the buyer?s responsibility to personally examine any property in which he or she is interested, before
the auction takes place, to evaluate its condition, size, and whether or not it has been altered, damaged,
repaired or restored. Neither MORTON AUCTIONEERS nor the Consignor makes any representations or
warranties expressed or implied, of any kind or nature with respect to the condition, size, quality,
provenance, authenticity, genuineness, attribution, period, style, culture, source, or origin of any Lots of
furniture.
Furniture that is made of, or incorporates, materials from endangered or protected species (such as ivory,
tortoiseshell, crocodile skin, rhinoceros horn, whale bone, certain species of coral and Brazilian
rosewood) may be subject to restrictions and regulations in certain countries and may not be lawfully
imported or exported without proper permits. It is the buyer?s responsibility to determine and comply with
the requirements of any applicable state, federal and international laws or regulations governing the
import or export of property containing endangered or protected wildlife material. The buyer?s inability to
import or export property containing such material shall not constitute grounds for cancellation or
rescission of the sale.
(b) Jewelry: Jewelry sold at MORTON AUCTIONEERS may have been previously repaired, altered or
embellished. Prospective bidders understand and acknowledge that colored gemstones offered for sale
may have been treated to enhance their color, clarity, transparency, or appearance. Certain enhancement
methods, including heating and oiling, have been generally accepted by the international jewelry trade,
but may have some impact on the durability of the gemstone. Therefore, special care of the gemstone
may be required over time. For example, gemstones that have been oiled previously may require re-oiling
after a period of time to maintain their maximum appearance. MORTON AUCTIONEERS will not obtain a
gemological report for each gemstone offered for sale.
It is the buyer?s responsibility to personally examine any property in which he or she is interested, before
the auction
takes place, to evaluate its condition, size, and whether or not it has been altered, damaged, repaired or
restored. Neither MORTON AUCTIONEERS nor the Consignor makes any representations or warranties
expressed or implied, of any kind or nature with respect to the color, clarity, condition, size, quality,
provenance, authenticity, genuineness, source, or origin of any Lots of jewelry.
(c) Clocks and Watches: Many clocks and watches have been repaired in the course of their lifetime and
may now incorporate parts that are not original to them. Watches with waterproof or water-resistant cases
may have been opened to identify type and condition. MORTON AUCTIONEERS makes no
representations or warranties that any clock or watch is in working order, or that wristwatches with
waterproof or water-resistant cases are still waterproof or water-resistant at the time of purchase. By
bidding, buyers understand and acknowledge that they are solely responsible for any battery
replacement, general service or further repairs that may be necessary.
All Rolex watches are sold as viewed and MORTON AUCTIONEERS cannot guarantee the authenticity of
any individual component part of such watches.
Watches with bands that are made of, or incorporate, materials from endangered or protected species
(such as ivory, tortoiseshell, crocodile skin, rhinoceros horn, whale bone, certain species of coral and
Brazilian rosewood) may be subject to restrictions and regulations in certain countries and may not be
lawfully imported or exported without proper permits. It is the buyer?s responsibility to determine and
comply with the requirements of any applicable state, federal and international laws or regulations
governing the import or export of property containing endangered or protected wildlife material. The
buyer?s inability to import or export property containing such material shall not constitute grounds for
cancellation or rescission of the sale.
It is the buyer?s responsibility to personally examine any property in which he or she is interested, before
the auction takes place, to evaluate its condition, size, and whether or not it has been altered, damaged,
repaired or restored. Neither MORTON AUCTIONEERS nor the Consignor makes any representations or
warranties, expressed or implied, of any kind or nature with respect to the condition, size, quality, rarity,
importance, material, provenance, authenticity, genuineness, attribution, period, style, culture, source,
origin, of any Lots of clocks or watches.
8.ABSENTEE/TELEPHONE/INTERNET BIDDING
MORTON AUCTIONEERS, in its discretion, offers absentee and telephone bidding services as a
convenience to its clients. Internet bidding may be available for selected auctions. MORTON
AUCTIONEERS is not responsible for errors, failures or omissions to execute absentee, telephone or
internet Bids for any reason.
(a) Absentee Bids: MORTON AUCTIONEERS will use reasonable efforts to execute written Bids for
clients who are unable to attend the auction in person. Written Bids must be placed at least four hours
prior to the auction by submitting an Absentee Bid registration form. Absentee Bid registration forms are
available at our offices, online, and in the auction catalogue. All Absentee Bids submitted to MORTON
AUCTIONEERS must include a maximum Bid amount for each Lot. Incomplete Absentee Bid registration
forms will not be accepted or executed.
To guarantee payment, MORTON AUCTIONEERS requires a copy of a current driver?s license and a
valid credit card on file for authorization. Additionally, at MORTON AUCTIONEERS? sole discretion,
absentee bidders may be required to provide necessary financial references, guarantees, and/or
deposits, including cash, or a cashier?s check, as security for the buyer?s Bid(s).
If we receive written Bids on a particular Lot for identical amounts, and these are the highest Bids for the
Lot at the auction, the Lot will be sold to the person whose Absentee Bid registration form was received
and accepted first.
(b) Telephone Bids: The availability of telephones is limited. Telephones are assigned on a first-come,
first-serve basis. Telephone Bids will be usually available for lots with a low-end Estimates of $500 or
above. Requests to Bid by telephone must be received a minimum of 24 hours prior to the auction.
MORTON AUCTIONEERS may record telephone Bids. By bidding via telephone, you consent to the
recording of your conversation.
(c) Internet Bids: MORTON AUCTIONEERS may offer clients the opportunity to Bid online for certain
sales. By bidding online, you understand and acknowledge that you are bound by these Terms and
Conditions as well as the Terms and Conditions of any online bidding services that MORTON
AUCTIONEERS may use.
9.BIDDING INCREMENTS
In general, the bidding increments for Lots sold at auction are as follows:
$0 ? $499 $25 $10,000 ? $19,999 $1,000
$500 ? $999 $50 $20,000 ? $49,999 $2,000
$1,000 ? $1,999 $100 $50,000 ? $999,999 $5,000
$2,000 ? $4,999 $250 $100,000 ? $199,999 $10,000
$5,000 ? $9,999 $500 $200,000 ? up $25,000
MORTON AUCTIONEERS reserves the right to adjust Bid increments at any time prior to or during the
auction.
10.BUYER?S RESPONSIBILITY
Upon the fall of the auctioneer?s hammer, the highest bidder accepted by the auctioneer will be the buyer,
and the contract between the Consignor and the buyer is concluded. At the time of sale, the winning
buyer will immediately pay the total purchase price and assumes full risk and responsibility for that Lot
without limitation, including liability for loss or damage. MORTON AUCTIONEERS reserves the right to
hold merchandise purchased by personal check until funds have cleared.
11.PURCHASE PRICE AND PAYMENT
The total purchase price payable by the buyer shall equal the Hammer Price of the Lot, the Buyer?s
Premium 22% (online buyer?s premium 24%), and any and all applicable sales taxes. DOMESTIC
CLIENTS: MORTON AUCTIONEERS accepts bank wire transfers, cash, cashier?s checks, travellers
checks, money orders, Visa, MasterCard, American Express or Discover credit cards. Additionally, (a)
items purchased in person must be paid for on the day of the auction, otherwise the buyer?s credit card
will be charged the next day; (b) for items purchased via telephone or absentee bidding, the buyer?s credit
card will be charged the day after the auction or by the 5th day if good funds have not been received after
the auction pursuant to an alternate arrangement with MORTON AUCTIONEERS; or (c) for items
purchased online, the buyer will be emailed an invoice the day after the auction. Buyer shall be
responsible for contacting MORTON AUCTIONEERS to make payments via telephone at 713-827-7835
or by email at billing@mortonhouston.com. INTERNATIONAL CLIENTS: MORTON AUCTIONEERS
accept bank wire transfers, Visa, MasterCard, American Express or Discover credit cards. Additionally,
(a) for items purchased via telephone or absentee bidding, the buyer?s credit card will be charged the day
after the auction or by the 5th day if good funds have not been received after the auction pursuant to an
alternate arrangement with MORTON AUCTIONEERS; or (b) for items purchased online, the buyer will
be emailed an invoice the day after the auction. Buyer shall be responsible for contacting MORTON
AUCTIONEERS to make payments via telephone at 713-827-7835 or by email at
billing@mortonhouston.com.
12.SHIPPING & PACKING:
It is the sole responsibility of the buyer to remove purchased property at his or her expense following the
auction. MORTON AUCTIONEERS is not responsible or liable for any loss, damage, error, omission or
delay by any packing, shipping, or transport company or individual, whether or not recommended by
MORTON AUCTIONEERS. The buyer assumes full risk and responsibility for packing, handling, and
shipping of purchased Lots, and is required to pay for all packing, shipping and insurance charges.
Please be aware that shipping charges may be substantial for larger and/or valuable items.
Notwithstanding anything to the contrary in this Section 12, MORTON AUCTIONEERS may, at an
additional fee and upon buyer?s request in writing, pack, insure and deliver purchased property to a
destination within the metropolitan area of Houston, Texas; provided, however, that the purchase price of
such purchased property does not exceed $100,000 in value. If MORTON AUCTIONEERS agrees with a
buyer to pack and deliver purchased property as described in this Section 12, in no event shall MORTON
AUCTIONEERS AND APPRAISERS be liable for loss, damage, delay, misdelivery not caused by its own
negligence; or loss, damage, delay, misdelivery or nondelivery by (i) the act, default or omission of the
buyer, or any other party who claims interest in the purchased property, (ii) unforeseeable circumstances
out of the control of MORTON AUCTIONEERS, public
enemies, public authorities acting with actual or apparent authority of law, riots, strikes or other local
disputes, civil commotions, hazards incident to a state of war or acts of terrorism, weather conditions or
mechanical delay of company vehicles or of third-party common carriers hired by the company, or (iii)
acts or omissions of any person other than MORTON AUCTIONEERS. Further, MORTON
AUCTIONEERS shall not be liable for any claims or damage to abandoned or refused, delayed,
redelivered, or not delivered purchased property by reason of the fault of buyer. MORTON
AUCTIONEERS SHALL NOT BE LIABLE FOR ANY SPECIAL, INCIDENTAL OR CONSEQUENTIAL
DAMAGES, INCLUDING, BUT NOT LIMITED TO, LOSS OF PROFITS, OR INCOME WHETHER OR
NOT MORTON AUCTIONEERS, OR ANY CARRIER CONTRACTED BY MORTON AUCTIONEERS,
HAD KNOWLEDGE THAT SUCH DAMAGES MIGHT BE INCURRED. WRITTEN NOTICE OF LOSS
DUE TO DAMAGE OR SHORTAGE MUST BE REPORTED BY BUYER TO MORTON AUCTIONEERS
WITHIN 5 DAYS FOR VISIBLE DAMAGE AND 12 DAYS FOR CONCEALED DAMAGE AFTER THE
DELIVERY OF PURCHASED PROPERTY. WRITTEN NOTICE OF LOSS DUE TO NONDELIVERY
MUST BE REPORTED BY BUYER TO MORTON AUCTIONEERS WITHIN 30 DAYS AFTER
ACCEPTANCE OF THE DELIVERY OF PURCHASED PROPERTY. Receipt of the purchased property
by buyer or his or her agents without notification in writing of damage on the delivery receipt shall be
prima facie evidence that shipment was delivered in the same ?AS IS? condition as purchased by buyer.
13.REMOVAL AND STORAGE OF PROPERTY
Following the auction, buyers are required to remove all purchased Lots from the premises. MORTON
AUCTIONEERS assumes no responsibility or liability for any damage or loss to any property that has not
been removed from its premises after the auction.
Where property is not collected within ten (10) business days for Domestic Clients and thirty (30) for
International Clients from the date of the auction, whether or not payment has been made, MORTON
AUCTIONEERS reserves the right to subject the purchased lots to storage and moving charges, of
$20.00 per lot per day. In the event the purchased Lot is not removed from the premises of MORTON
AUCTIONEERS within ninety (90) business days, MORTON AUCTIONEERS shall have the right, at its
sole discretion, to either (i) offer the lot for sale without providing notice to the purchaser and recover any
past due storage fees; or (ii) pursue any and all remedies available in equity or at law, including without
limitation, statutory remedies provided in Section 7.209 and 7.210 of the Texas Business and Commerce
Code. For purposes of these Terms and Conditions, the terms set forth in this Section 13 shall be
deemed a ?storage agreement? for purposes of establishing a statutory warehouse?s lien under Section
7.209 of the Texas Business and Commerce Code.
The buyer assumes full responsibility for any and all moving and/or storage fees. MORTON
AUCTIONEERS assumes no responsibility for any damage or loss associated with the transportation,
delivery or storage of property.
14.REMEDIES AVAILABLE TO MORTON AUCTIONEERS
If the buyer fails to comply with any applicable terms and conditions herein, MORTON AUCTIONEERS
may, in its discretion, exercise one or more of the following rights or remedies (in addition to asserting any
other rights or remedies available by law):
(a) charge interest at such rate as we shall reasonably select on any amounts unpaid;
(b) hold the defaulting buyer liable for the total purchase price and commence legal proceedings to
recover such price together with interest, legal fees and costs to the fullest extent permitted under
applicable law;
(c) pay the Consignor an amount up to the net proceeds payable in respect of the amount Bid by the
defaulting buyer;
(d) cancel the sale of any Lots sold to the defaulting buyer at the same or any other auction, retaining as
liquidated damages any payments made by the buyer;
(e) re-sell the property publicly or privately on such terms MORTON AUCTIONEERS sees fit, and the
defaulting buyer will be liable for any deficiency, handling charges, expenses, Commissions, incidental
damages, and all other costs due hereunder;
(f) reject any Bids made by or on behalf of the buyer at any future auction or require a security deposit
from the buyer before accepting any Bids; or
(g) take any other action MORTON AUCTIONEERS deems necessary or appropriate.
In addition, the defaulting buyer shall be deemed to have granted and assigned to MORTON
AUCTIONEERS a continuing security interest of first priority in any property or money of or owing to such
buyer in our possession, custody and control. MORTON AUCTIONEERS may retain and apply such
property or money as collateral security for the buyer?s obligations as provided in these Terms and
Conditions.
MORTON AUCTIONEERS shall have all of the rights accorded a secured party under the Texas
Business and Commerce Code. Payment will not be deemed to have been made in full until MORTON
AUCTIONEERS receives good cleared funds. If the buyer fails to pay any or all of the total purchase price
for any Lot and MORTON AUCTIONEERS nonetheless elects to pay the Consignor any portion of the
proceeds, the buyer understands and acknowledges that MORTON AUCTIONEERS reserves the right to
pursue the buyer for any amounts paid to the Consignor, whether at law, in equity, or under these Terms
and Conditions.
15.WAIVER
No waiver or alteration of any of these Terms and Conditions shall be effective unless it is in writing and
signed by an authorized representative of MORTON AUCTIONEERS.
16.EXTENT OF LIABILITY
The liability of MORTON AUCTIONEERS shall not exceed the purchase price actually paid. It is
specifically understood and agreed that the cancellation of a sale and the refund of the original purchase
price paid (the Hammer Price, plus the Buyer?s Premium) is exclusive and in lieu of any other right or
remedy that may otherwise be available to the buyer as a matter of law or in equity. MORTON
AUCTIONEERS and the Consignor shall not be liable for any incidental or consequential damages
incurred or claimed, including without limitation, interest, loss of profits, or legal fees.
MORTON AUCTIONEERS shall not be liable for any loss, damage, or expenses associated with or
caused by the seizure or forfeiture of any property in our possession, custody or control by any federal,
state, local, or customs governmental authority.
17.JURISDICTION
The rights and obligations of the parties with respect to these Terms and Conditions, the conduct of the
auction, and any matters in connection with any of the foregoing shall be governed by the laws of the
State of Texas. By bidding at auction, whether in person, by agent, or by written, telephone or internet
Bid, all prospective bidders and the buyer submit to the exclusive jurisdiction of Texas courts and their
rules and procedures in the event of any dispute, and waive any objection to the jurisdiction and venue of
any such court.
18.SEVERABILITY
If any part of these Terms and Conditions is found by any court to be invalid, illegal, unconscionable or
unenforceable, that part shall be discounted and the balance of the Terms and Conditions shall continue
to be valid to the fullest extent permitted by law.
19.NOTICE REGARDING AUCTION IN TEXAS
Notice is hereby provided that this auction is covered by a Recovery Fund administered by the Texas
Department of Licensing and Regulation. Any complaints or compliments should be directed to the Texas
Department of Licensing and Regulations at P.O. Box 12157, Austin, TX 78711, Tel: 1-800-803-9202.
20.CAPITALIZED TERMS
The terms defined in the attached glossary will control the meaning ascribed to the capitalized terms in these
Terms and Conditions.
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