A 20% Buyer�s Premium will be added to all items purchased at the auction, 25% if purchased via Bidsquare.com, INVALUABLE.COM or LIVEAUCTIONEERS.COM online bidding. All items are also subject to any applicable state and local sales and use tax unless the purchaser presents a valid sales tax exemption certificate. All items are sold �as is� � the auctioneer makes no warranties of any kind. Please inspect any and all lots before bidding. Website descriptions provided do not include condition reports. The absence of a condition statement does not imply that the lot is in perfect condition or completely free from wear and tear, imperfections or the effects of aging. Interested bidders are strongly encouraged to request a condition report on any lots upon which they intend to bid, prior to placing a bid. Condition reports requested / received by phone or email are described to the best of our ability. We are not responible for errors or ommissions in condition reports. We reserve the right to withdraw any item before or at the sale and have no liability whatsoever. Certain lots may be offered subject to a reserve (confidential minimum price below which the item will not sell). We reserve the right to reject any bid. The highest bidder acknowledged by the auctioneer will be the purchaser. In the case of a disputed bid, the auctioneer will have sole discretion on determining the successful bidder. If you are a successful bidder, payment is to be made immediately following the sale. Cash, cashier�s checks, traveler�s checks, certified checks, Mastercard�, VISA�, and Discover� are acceptable forms of payment. Credit cards will be accepted as payment only if presented in person at the gallery. Personal checks will be accepted only if credit has been established prior to the auction. We reserve the right to hold merchandise purchased by check until the check has cleared the bank. Payment in full for merchandise purchased by absentee bid or over the phone is expected within 10 days after the auction date or the sale of the item will be considered null & void. Pickup / Storage / Returns: Removal of any and all items shall be at the expense, liability and risk of the Buyer. It is the responsibility of the Buyer to completely remove any article purchased by Buyer. All property must be removed from our premises by the Buyer at Buyer�s expense not later than 15 calendar days following its sale, unless other arrangements have been agreed to by Carlsen Gallery Inc. Property not removed within the 15 calendar days of the auction date or of the alternative arrangement date agreed to will incur a $10.00 per day storage/handling fee which must be paid in full before the Buyer is permitted to remove the article. If any article is not removed by Buyer within 60 days of the date of the auction or of the alternative arrangement date agreed to, then the ownership of any such article reverts back to Carlsen Gallery Inc., the seller, for resale or disposal without refund or recourse to the Buyer. Property not removed shall be considered abandoned and no refunds shall be issued. By participating in this auction, you agree to these terms. There will be a 5% restocking fee charged to all returned items. Shipping: Regrettably we are unable to pack and ship items here at the gallery. Listed below are shippers in our area: 1) UPS Store: 518-828-8777 or e-mail: store5539@theupsstore.com � Ask for Kendra 2) The Country Postman: 845-677-1076 or e-mail: info@countrypostman.com Recommendations to ship larger items available upon request. Seat Reservations: Please call for reserved seats or overnight accommodations.

Carlsen Gallery Inc. Anniversary Auction Sunday, Sept. 22nd at 10:30am EST Preview: Mon. 9/16 - Sat. 9/21 - 10am - 4pm, Sun. 8am until sale or by special appointment This auction includes important fine art from two Upper Hudson Valley art collections including works by Jervis MacEntee, Walter Launt Palmer, Emile Gruppe, Francis Silva, Jennes Cortez, Chas. W. Eaton, Anthony Thieme, Julie Hart Beers, Britcher, W.R.Tyler, Forrest Moses, F.J. Waugh, Jane Peterson, W.C. Van Zandt, William Wendt, Will Low, etc. Also included will be a great ceramic collection, Oriental carpets, Sterling Silver, Period Furniture, Clocks & Accessories, Works on paper, etc. Please plan to attend and bid live or bid online, absentee or by telephone. A fully illustrated catalogue may be viewed online at www.carlsengallery.com Live, Absentee & Phone Bidding available (20% Buyer's Premium) ~ Internet Bidding available in association with Liveauctioneers.com & Invaluable.com 25% BP applies. Call:(518) 634-2466 ~ E-Mail: info@carlsengallery.com ~ www.carlsengallery.com 9931 Rt. 32, Freehold, NY 12431 www.carlsengallery.com