|Original Art by Paul Penczner from the Penczner Art Gift|
to Benefit the University of Tennessee Foundation
|Date & Time:||Sold Online - March 26, 2014|
All sale proceeds of the Penczner collection benefited the University of Tennessee Foundation. The works were available for a special public auction preview at the W.O. Smith School of Music on March 25.
Gross Auction Sales: $71,860.97
Number of Lots: 303
Participating Bidders: 158
Paul Penczner's Obituary in The Commercial Appeal of Memphis, TN
Wikipedia Entry on Paul Pencner
University of Tennessee Health Science Center's Website about the Penczner Gift
"UT to sell trove of works from artist Paul Penczner's bequest" from The Commercial Appeal
"Party Line: 'A Magical Night' in Overton Park" from GO Memphis
The following is an interview with Zach Pretzer, Director of Development for the College of Medicine at The University of Tennessee, which originally aired on WATN Memphis March 25th, 2014.
All lots sell as is, where is, with all faults. McLemore Auction Company, LLC and the seller do not give or make any type of guarantee or warranty regarding the lots to be sold, implied or otherwise. McLemore Auction Company, LLC encourages all bidders to inspect lots in person before bidding. McLemore Auction Company, LLC is not responsible for incorrect listing information, if any. McLemore Auction Company, LLC has attempted to provide accurate descriptions of all items, however, it is the bidder's responsibility to determine the condition and suitability of each lot. Printed statements or descriptions by McLemore Auction Company, LLC staff are provided in good faith and are matters of opinion.
- No Reserves:
Each lot will sell to the highest bidder without reserve.
- No Buybacks:
All sellers are contractually prohibited from bidding on lots they have consigned to the auction.
- No Returns:
All sales are final. There are no returns, refunds, or adjustments.
- Buyer's Premium:
A buyer's premium of ten percent (10%) of the high bid will be added to the high bid to determine the final sales price for the auction lot.
- Sales Tax:
McLemore Auction Company, LLC will not collect sales tax on items in this auction.
Payment in full is due at the conclusion of the auction. Payment may be made at 1125 8th Avenue South Nashville, TN, 37203. All bidders must pay for their purchases no later than 4:00 PM CT on Wednesday, March 26th, 2014.
McLemore Auction Company, LLC accepts the following forms of payment:
- Certified checks
- Cashier's checks
- Wire Transfers (Please note: a $15 service fee will apply to all payments below $5,000 made via wire transfer. For wire transfer instructions, please email email@example.com)
- Credit Cards (MasterCard, Visa, American Express and Discover)
All items in this auction are available for inspection at 1125 8th Avenue South Nashville, TN, 37203 according to the schedule below.
Tuesday, March 25th, 11:00 AM - 4:00 PM CT
All items, may be picked up from 1125 8th Avenue South Nashville, TN, 37203 once McLemore Auction Company, LLC has received and acknowledged payment in full. Bidders are responsible for rigging, loading, and moving all items purchased without assistance from McLemore Auction Company, LLC.
Pickup Date:Any items not removed by this time will be considered abandoned property. McLemore Auction Company, LLC reserves the right to resell the items and retain all sales proceeds as payment for accumulated, unpaid storage and handling.
Thursday, March 27th, 9:00 AM - 12:00 PM CT
All items must be removed from the auction location by 12:00 PM CT on Thursday, March 27th, 2014.
Shipping for this auction will not be provided by McLemore Auction Company, LLC. McLemore Auction Company, LLC will gladly facilitate shipping with third party moving/shipping companies. There are several moving/shipping companies that are willing to provide shipping services for this auction.
- Auction Ending:
Beginning at the stated closing time, the auction software will conclude bidding for five lots each minute in catalog order with the following exception: if a bid is placed in the last five (5) minutes remaining for that auction lot, bidding for that lot will remain open for an additional five (5) minutes.
- Extension Groups:
This auction uses the extension groups bidding feature. Some auction lots in this auction have been placed in extension groups. Any bid within the last five minutes of bidding for an auction lot that causes an automatic extension of bidding on that auction lot will automatically extend the bidding on ALL auction lots in that extension group. When no more bidding has occurred on any assets in an extension group for the specified time, then bidding on all assets in that extension group will close simultaneously. View a demonstration of this feature.
- Outbid Notification:
Until the auction begins to close, the bidding software will notify bidders by email when they have been outbid. After that, bidders may find out if they have been outbid by clicking the "Review Bids" button at the bottom of each page. Items the bidder is no longer winning will be marked with a red indicator.
- Debt Collection and Interest Charges:
The bidder agrees to pay all reasonable attorney fees and other costs incurred by McLemore Auction Company, LLC in its efforts to collect unpaid funds from the bidder. The bidder agrees that a fee of 2% of the outstanding balance per month be added to any unpaid balance due McLemore Auction Company, LLC. Any debt collection or dispute proceedings will be heard in Davidson County, Tennessee.
- Guaranty Agreement:
By submitting a bid in the name of a business entity or corporation, the individual submitting the bid enters into a guaranty agreement whereby he or she personally guarantees payment to McLemore Auction Company, LLC of any bid amount not paid when due by the business entity or corporation, for any reason, together with all collection expenses incurred to enforce collection, including a reasonable attorney's fee.
- Limitation of Liability:
If, for any reason, McLemore Auction Company, LLC is unable to make available or deliver any Purchase, or portion thereof, or documentation required in respect of any Purchase, the sole liability of McLemore Auction Company, LLC, if any, shall be the return of monies paid in respect of such Purchase upon its return by Purchaser.
- Age Requirement:
All bidders must be 18 years of age or older.
- Bidder Information and Security:
All registration information the bidder provides to McLemore Auction Company, LLC shall be current, complete, and accurate. All bidders are responsible for any bids placed under their bidding numbers and passwords. The security of bidder information is the responsibility of the bidder. Bidders must notify McLemore Auction Company, LLC if they believe that their bidder number and password have been compromised.
- Owner Information:
University of Tennessee Foundation
Number of Lots: 303
Participating Bidders: 158
|Categories:||Catalog Summary - ALL ITEMS (303) - ART (292) - ARTS AND CRAFTS SUPPLIES (1) - FURNITURE (2) - HOME DECOR (5) - MARKETING MATERIALS (3)|