Lot # : 56 - The Wristwatch Handbook by Ryan Schmidt

TERMS & CONDITIONS LEGAL NOTICE: Bidding in our auctions indicates an agreement between the auction house and the bidder to follow through on all terms and conditions. Each party to this agreement irrevocably agrees that the courts of Wyoming, USA, shall have exclusive jurisdiction to hear, settle, and/or determine any dispute, controversy, or claim (including any non-contractual dispute, controversy, or claim) arising out of or in connection with this agreement, including any question regarding its existence, validity, formation, or termination. For these purposes, each party irrevocably submits to the jurisdiction of the Wyoming, USA courts. ** Payments are to be made by bank wire transfer, bank ACH, Zelle (ZellePay.com), or Wise (formerly TransferWise). Your payment MUST include your Invoice number to avoid processing delays. IMPORTANT BIDDING INFORMATION FOR NEW BIDDERS: When submitting a bid, please be aware that even if your bid is accepted, it does not necessarily mean you are now the high bidder. There may be another bidder who placed a higher bid before you, making them the current highest bidder. If your bid is the winning bid, the box will be GREEN. If not, it will be RED to show that you are not the leading bidder. ATTENTION LAST-MINUTE BIDDERS: Make sure to use the LIVE CATALOG feature, which activates 30 minutes before the first lot closes. Please note that this bidding platform may not be as responsive as some other online auction systems you may have used. If you try to place a bid in the final seconds, there is a chance the system will not register it in time, and you will miss the opportunity to win that lot. We recommend placing your bids with enough time before the lot closes to ensure they are successfully submitted. INVOICING AFTER THE AUCTION: If you do not receive your invoice via email the day after the auction, please be sure to check your spam or junk mail folders. Payments are due within 7 days of the auction. Shipping costs will be included on each invoice. If your invoice indicates "SHIPPING CHARGE WILL BE ADDED AFTER PACKAGING IS COMPLETED," the shipping cost will be applied as soon as possible, typically within 1-2 business days. ** Payments are to be made by bank wire transfer, bank ACH, Zelle (ZellePay.com), or Wise (formerly TransferWise). Your payment MUST include your Invoice number to avoid processing delays. ** A shipping charge will be included on ALL invoices. By placing a bid in our auction, you hereby acknowledge and accept our shipping policies and terms. For further details, please review our Terms & Conditions. If you need an international shipping estimate, please reach out to us for a quote. ** We retain the right to cancel and/or reopen the auction in the event of system malfunctions. ** For the overall condition of horological items, the terms “NEW,” “LIKE NEW,” “MINT,” "NEAR MINT," "EXCELLENT," "VERY GOOD," "GOOD," "FAIR," and "POOR" are used exclusively to describe the external physical appearance only. These aspects are not assigned any formal ratings or grades. Regarding the movement and functions, most watches, pocket watches, and clocks will be described as "Running at the time of inspection; however, they have not been checked for accuracy, timing, water resistance, or waterproofness. An overhaul is always recommended for used watches, pocket watches, clocks, and other similar mechanical items. Functions such as time, date, chronograph, calendar, power reserve, jump hour, tourbillon, etc., are not evaluated or graded. The information provided in lot descriptions is for reference only and does not constitute a warranty or guarantee of any kind. ** "Running" simply indicates that the balance and escapement move freely and appear to be free of visible defects. This DOES NOT guarantee accurate timekeeping or guarantee future performance. Unless specifically stated, these timepieces have not been serviced by us, and we do not have any information regarding their service history. We do our best to indicate any issues visible to the eye, potential problems, or repair requirements to the best of our knowledge. ** We do not guarantee the originality of individual parts, such as wheels, balances, escapements, mainsprings, gears, bridges, screws, jewels, etc., inside any watches, clocks, or other timepieces. This includes, but is not limited to, external parts or internal mechanisms, movements, replaced, altered, or restored components such as crystals, crowns, pushers, dials, hands, cases, bezels, date wheels, lugs, or any other parts that may have been restored, altered, or repaired previously over time. There is no guarantee of authenticity for watch parts or the completeness of any lot. Buyers are responsible for conducting their own due diligence prior to bidding. **************************************** Payment is expected within 7 days of receiving your invoice via bank wire transfer, bank ACH, ZELLE (Zellepay.com), or Wise.com (Formally TransferWise) only. NO checks. NO money orders. NO DIRECT CHECK DEPOSITS into our account. NO cashier's checks. NO credit cards. NO PayPal. We do not extend credit terms, and any purchase not paid for within these terms will be considered in default. Buyers who do not pay for items will receive a dispute filing and will be blocked from bidding on future auctions. Economic/physical nexus sales tax will be applied to each invoice unless you are a dealer and provide a valid resale certificate. As a service to the buyer, Baer & Bosch Auctioneers will assist buyers by arranging in-house packing, shipping, and insurance on items. The buyer's shipping cost will be determined by the final destination of their package. Shipping, packaging, and handling of purchased lots is at the risk and expense and on behalf of the purchaser. By participating in the bidding of this auction, you automatically agree to our shipping policies, and you release Baer & Bosch Auctioneers, Inc. from all shipping liabilities. Items are packed and shipped in the order that payment and the shipping waiver form are received. International bidders are responsible for any duties, customs fees, or local taxes that may be incurred with the importation of their purchases. The bidder is responsible for maintaining a current shipping address on this platform. Baer & Bosch Auctioneers will ship to the address of the bidder provided by this platform when an invoice is generated by this platform. Additional shipping fees may be incurred and are the responsibility of the bidder if a package is returned to us as undeliverable due to unpaid customs/duties in the bidder's home country or an incorrect address provided by the bidder. By using our in-house shipping service, you agree to our shipping policy, and Baer & Bosch Auctioneers Inc. will be automatically released from any and all liabilities by the bidder. All sales are FINAL, and Lots are sold "AS IS, WHERE IS," and neither the auctioneer nor any consignor makes any warranties or representation of any kind or nature with respect to the property, and in no event shall they be responsible for the correctness nor deemed to have made any representation or warranty, of description, genuineness, authorship, attribution, provenance, period, culture, source, origin, or condition of the property, and no statement made at the sale, or in the bill of sale, or invoice, or elsewhere shall be deemed such a warranty of representation or an assumption of liability. Condition reports reflect our opinion only, to the best of our knowledge, and may not necessarily be complete. All dimensions in catalog descriptions are approximate. Condition reports may not specify mechanical replacements or imperfections to the movement, case, dial, pendulum, separate base(s), or dome. Watches in water-resistant cases may have been opened to examine movements, but no warranties are made that the watches are currently water-resistant. Please note that we do not guarantee the authenticity of any individual component parts, such as wheels, hands, crowns, crystals, pushers, screws, bracelets, pins, bands, and bracelets, since subsequent repairs and restoration work may have resulted in the replacement of the original parts. Baer & Bosch Auctioneers Inc. offers no guarantees, expressed or implied, or warranties on stone gradings and carat weights and precious metal karat content and weights. No guarantees will be given by Baer & Bosch Auctioneers, Inc. Photographs will count as part of the description with regard to visible attributes. Material contained in the catalog, advertisement, or any other publications of Baer & Bosch Auctioneers, Inc. is presented on an indicative basis only without any responsibility for Baer & Bosch Auctioneers, Inc. The sale will take place in US dollars without any guarantees. Baer & Bosch Auctioneers, Inc. will not accept any responsibility whatsoever for any defect or deterioration of any lot nor for any precisions or indications given concerning the author, maker, origin, period, age, attribution, provenance, authenticity, weight, or condition of any object. Furthermore, no employee of Baer & Bosch Auctioneers, Inc. has the authority to give any kind of guarantee whatsoever. We have the full discretion to refuse any bids or to withdraw any lot or lots from the sale without giving any reason and shall have no liability for such withdrawal. Baer & Bosch Auctioneers, Inc. may also bid on behalf of vendors in situations where reserve prices have been agreed on. In these cases, the vendor is treated as a buyer, and the auctioneer shall bid on his behalf up to the reserve price. If the reserve price fixed by the vendor is not reached, the auctioneer passes to the next lot by the knock of the gavel. The starting price will be at the auctioneer's discretion. The bid increments will be fixed by 5–10%; however, the auctioneer can modify this rate at his own discretion. The auctioneer has the right to refuse to adjudicate any lot to someone he knows to be a bad debtor to protect the vendor's interest. Baer & Bosch Auctioneers, Inc. and/or its group of companies will at times, have financial interests in some of the lots. In addition to the hammer price, a buyer's premium is payable as follows: twenty-two percent (22%) of each lot. On the fall of the gavel, liability for the knockdown lot (lots) passes to the bidder whose bid has been accepted. Lots will be released to the buyer's shipper when the hammer price, the buyer's premium, and shipping costs have been paid in full. In the case of late payment of more than 12 days, the buyer forfeits all of his rights, and Baer & Bosch Auctioneers, Inc. may accordingly take all appropriate steps to protect its interests and/or those of the vendor, including claiming damages and interest. Baer & Bosch Auctioneers, Inc. may renounce on the execution of the sale, claim damages and interest, and also protect its interests, concern itself no longer bound by the conditions of the contract. The buyer who has the late payment beyond 12 days accepts that Baer & Bosch Auctioneers, Inc. may cancel the sale, have the right to resell the property, and charge a penalty equivalent to the buyer's premium, vendor's commission, which would have been earned had the sale been completed in a normal manner, collection costs, attorney's fees, and cost, expenses, and incidental damages incurred by us or by the consignor arising out of the purchaser's breach. In case of receiving a delayed payment, Baer & Bosch Auctioneers, Inc. is not responsible for the purchased lots, expressly any disappearances, changes, or damage caused or incurred. Baer & Bosch Auctioneers, Inc. is not liable for any errors or failures by bidders to place bids using the online platform via the Internet or a mobile device, including, without limitation, errors or failures caused by any loss of connection between bidders and the online platform, a breakdown or fault of the online bidding software or technical services that relate to the online platform, and/or a breakdown or fault with any internet connection, computer, mobile device, or system. If Baer & Bosch Auctioneers refers any invoice to an attorney for collection, the Bidder agrees to pay all attorney's fees, court costs, and other collection costs incurred by Baer & Bosch Auctioneers. If Baer & Bosch Auctioneers assigns collection to its in-house counsel, such attorney's time expended on the matter shall be compensated at a rate comparable to the hourly rate of independent attorneys. Baer & Bosch Auctioneers Inc. shall have a lien against the merchandise purchased by the Bidder to secure payment of the Auction invoice. Baer & Bosch Auctioneers is further granted a lien and the right to retain possession of any other property of the Bidder then held by Baer & Bosch Auctioneers Inc. or its affiliates to secure payment of any Auction invoice or any other amounts due Baer & Bosch Auctioneers Inc. or affiliates from the Bidder. With respect to these lien rights, Baer & Bosch Auctioneers shall have all the rights of a secured creditor, including but not limited to the right of sale. In addition, with respect to payment of the Auction invoice(s), the Bidder waives any and all rights of offset he might otherwise have against Baer & Bosch Auctioneers and the consignor of the merchandise included on the invoice (the "Consignor"). If a Bidder owes Baer & Bosch Auctioneers or its affiliates on any account, Baer & Bosch Auctioneers and its affiliates shall have the right to offset such unpaid account by any credit balance due Bidder, and it may secure by possessory lien any unpaid amount by any of the Bidder's property in their possession. The title shall not pass to the successful Bidder until all invoices are paid in full. Payment is considered made and paid in full when it is at our disposal by the funding into our account. All bank wires, bank ACHs, Zelles (ZellePay.com), and Wise (Wise.com) should be made payable to Baer & Bosch Auctioneers, Inc. In an event of default, Baer & Bosch Auctioneers Inc. may, in addition to any other available remedies specifically including the right to hold the defaulting Bidder liable for the Purchase Price: (a) cancel the sale, retaining any payment made by the Bidder as damages (the Bidder understands and acknowledges that Baer & Bosch Auctioneers will be substantially damaged should such default occur, and that damages under sub-part (a) are necessary to compensate Baer & Bosch Auctioneers for such damages); (b) resell the property without reserve at public auction or privately; (c) charge the Bidder interest on the Purchase Price at the rate of one-half percent (0.5%) per month or the highest allowable interest rate; (d) take any other action that Baer & Bosch Auctioneers, in its sole discretion, deems necessary or appropriate to preserve and protect Baer & Bosch Auctioneers rights and remedies. Should Baer & Bosch Auctioneers resell the property, the original defaulting Bidder shall be liable for the payment of any deficiency in the purchase price and all costs and expenses associated therewith, including but not limited to insurance, warehousing, sales-related expenses, reasonable attorney fees, court costs, commissions, incidental damages, and any other charges due hereunder that were not collected or collectible. In the event that such Bidder is the successful Bidder on more than one lot and pays less than the purchase price for the total lots purchased, Baer & Bosch Auctioneers shall apply the payment received to such lot or lots that Baer & Bosch Auctioneers, in its sole discretion, deems appropriate. If Baer & Bosch Auctioneers does not exercise such discretion, the lots to which the payment shall be applied will be in descending order from the highest purchase price to the lowest. Any Bidder failing to comply with these Conditions of Sale shall be deemed to have granted Baer & Bosch Auctioneers a security interest in, and Baer & Bosch Auctioneers may retain as collateral such security for such Bidder's obligations to Baer & Bosch Auctioneers Inc, any property in Baer & Bosch Auctioneers possession owned by such Bidder. Baer & Bosch Auctioneers Inc. shall have the benefit of all rights of a secured party under the Uniform Commercial Code (U.C.C.) as adopted by the State of Wyoming.