ORCOEXPO Stamp Show Auction ORCOEXPO Stamp Show Auction Jan. 2014 | Page 4

Terms of Sale

Regency-Superior, Ltd.

The Property described in this catalog is offered at Public Auction by Regency-Superior, Ltd (hereinafter referred to
as ‘Auctioneer’), on behalf of various consignors and itself. Regency-Superior is a licensed auctioneer. The placing of
a bid shall constitute acceptance of all the Terms of Sale in their entirety:
1. Bidding All lots are sold to the highest bidder at one advance over
the second highest bid (or the opening minimum bid), plus a 19% buyer's
premium. In the case of tie bids, the first bid received shall prevail. Bids
may be made in person on the auction floor, by mail, telephone, fax,
website, email, or by agent. Current catalog values (where possible) are
used for all material, unless otherwise noted. You may speak with one of
our lot describers for a more detailed description of a particular lot. Please
call at least 72 hours prior to the sale (1-800-782-0066).
2. Bid Cancellations will only be accepted up to one hour prior to the
sale. The Auctioneer reserves the right to withdraw any misdescribed lot.
The right is reserved to reject bids, which in the Auctioneer's opinion, are
not offered in good faith.
3. Reserves Some consignors have been advanced monies against the
sale of their properties. It may be assumed that all lots are subject to a
reserve price. The auctioneer may implement such reserve price by ???????)?????????????????????(??A???????????????????
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