1. All property is sold “AS IS”, and ALL SALES ARE FINAL. 2. By bidding on any item, the bidder shows acceptance of the terms of the auction. 3. Property is open to thorough public inspection. It is the Bidder’s responsibility to determine condition, age, genuineness, value or any other determinative factor. Pace & Hong Auctions may attempt to describe the merchandise in advertising, on the Internet and at the auction but makes no representations. 4. In no event shall Pace & Hong Auctions be held responsible for having made or implied any warranty of merchantability or fitness for a particular purpose. Bidder shall be the sole judge of value. 5. Bidders who bid from off site and are not present at the live auction or preview understand and acknowledge that they may not be able to inspect an item as well as if they examined it in person. It is the Bidder’s responsibility to determine condition, age, genuineness, value or any other determinative factor. 6. The auctioneer has the sole discretion to advance the bidding and may reject a nominal advance, should it in his estimation prove injurious to the auction. 7. The auctioneer shall be the final judge in all bidding disputes and shall name a bidder as the purchaser. 8. Pace & Hong Auctions shall not be held responsible for any "missed" bids or bids unseen by the auctioneer. 9. Pace & Hong Auctions shall not be held responsible for the consequences of an Internet failure. 10. Pace & Hong Auctions reserves the right to withdraw or re-catalog items in this auction. 11. Pace & Hong Auctions reserves the right to refuse service or decline registration to any person. 12. All announcements made day of auction take precedence over any and all written, verbal or electronic statements.