Kamelot Auctions Sale 65 Kamelot Auctions Sale 65 | Page 111

(d) Reserves
Unless otherwise indicated, lots offered may be subject to a reserve, which is the confidential
minimum price below which the lot will not be sold. The reserve will not exceed the low
estimate printed in the catalogue.

2. DURING THE SALE
All unreserved bidding starts at 50% of the low estimate unless there are two or more competing
absentee bids at a price higher than that. For example, a lot estimated at $1,000 - $1,500, with no
reserve, will normally open at $500. If there are absentee bids for $600 and $800, the lot will not
be sold for less then $650. Bidders are welcome to participate by reserving a telephone, leaving
absentee bids, leaving a bid through our website, bidding live via the internet through Live
Auctioneers, or attending the auction in person at our Philadelphia gallery. Absentee bids will be
executed as if the bidder were present at the auction with the earliest bid received having
preference in case of a tie between absentee bidders. Floor bids will be taken over absentee bids
in case of a tie. Absentee bids are handled in a competitive manner in an attempt to buy the
object for less than your top bid. You will pay one bid above the next highest bid, but no more
than your maximum. Floor bids, phone bids, internet bids and absentee bids are all independent
operations in an auction. Bids are executed in competition with one another on an alternate basis;
therefore, we cannot guarantee which will reach a certain point in the bidding first. That is, an
item could sell to another bidder for the same bid amount that you left via an absentee bid or
through Live Auctioneers.
(a) Absentee bids
Kamelot requires all absentee bids be submitted no later than 7:00pm on the business day prior to
the auction. If you fax your absentee bids, please call to confirm receipt. All absentee bidding is
handled as though you are in attendance. Kamelot will purchase all designated lots for you one
bidding increment above where competition stops. Absentee bidding is a convenience offered to
our customers and, while we will make every effort to execute your instructions, Kamelot
Auctions is not liable or responsible for any errors or failure to do so.
Bidding Increments:
From

To

Increment

$0

$499

$25.00

$500

$999

$50.00

$1,000

$1,999

$100.00

$2,000

$4,999

$200.00

$5,000

$9,999

$250.00

$10,000

$19,999

$1,000.00

$20,000

$49,999

$2,000.00

$50,000 $100,000

$5,000.00

$100,000 & above $10,000.00