Page 21 - Toast to Your Health Wine Auction | University of Rochester Medical Center
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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.



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