Page 20 - Toast to Your Health Wine Auction | University of Rochester Medical Center

BUYER INFORMATION Removal of Auction Items
All items must be removed by the purchaser at the end
Conditions of Wines of the evening. Volunteers to assist guests with picking

Please note that many of our lots contain rare and older up their purchases.
vintages which require proper handling and storage. Condition of Sale
Auction Arrangement by Lot as Described in The property in this catalog may be amended by
the Catalog addendum sheet or oral announcement before or during
Wines and specialty items are grouped as lots and the sale. It is offered by the University of Rochester
briefly described. Lots are marked by lot number Medical Center (hereafter referred to as “URMC”) on the
and the quantity offered within the lot precedes the following terms and conditions:
description. Donor name is listed with the description. A property is sold “as is.” URMC does not make any
Unless otherwise announced by the auctioneer at the express or implied warranties or representations of
time of sale, all bids are per lot as numbered in the any kind or nature with respect to the property. In no
printed catalog. event shall URMC be responsible for the correctness

Bidding of or be deemed to have made any representations or
warranty of merchantability, description, authenticity,
Wine and other items are offered per lot. Minimum
bidding increments are at the discretion of the attribution, provenance or condition concerning the
auctioneer. property. No statement in the catalog or made at the
sale or in the bill of sale or in the invoice or elsewhere
Opening Bid Prices shall be deemed such a warranty or representation or

Opening bid prices are intended only as a rough guide an assumption of liability. URMC shall not be liable for
for bidding and do not constitute a representation or any incidental or consequential damages arising from
assurance of the fair market value of the lot. the sale of any property.
Sales Tax Live Auction Fair Market Value
Pursuant to New York State Code, personal property 1. $20,000 10. $21,000
purchased at this auction is exempt from New York 2. $12,000 11. $15,000
State gross retail tax. 3. $500/seat 12. $750/seat
Payment 4. $27,100 13. $300/seat

All buyers must pay the full purchase price in the 5. $25,000 14. $12,000
evening of the auction. All payments shall be in cash, 6. $600/seat 15. $30,000
accepted credit cards (Mastercard, Visa, American 7. $20,000 16. $10,000
Express or Discover) or personal check with proof of 8. $4,185/seat 17. $10,000
identity. All checks for items purchased shall be made 9. $7,000/seat
payable to University of Rochester Medical Center.

20 TOAST TO YOUR HEALTH FINE WINE AUCTION 21