10-28-2023 Henderson Motor Series Auction Seller Package

Barber Vintage Motorsports Museum | Birmingham, AL Saturday | October 28, 2023 | 10am

13. Insurance coverage must be provided against all perils and loss by OWNER including damage caused by another party. OWNER shall indemnify and hold harmless Henderson Auctions and Barber Vintage Motorsports Museum from and against all liability, loss, and damage arising from acts, incident, or accident. OWNER assumes full responsibility for his own consigned assets. Insurance responsibility passes to new buyer when the auctioneer declares vehicle(s) sold. OWNER’s insurance is the only insurance covering the operation and storage of OWNER’s vehicle. OWNER agrees to allow Henderson Auctions and its agents to move OWNER’s vehicle at OWNER’s risk, including driving and parking. 14. The term of this Agreement expires sixty (60) calendar days after the date of the Auction. If the consigned assets in this Agreement are sold within the term of this Agreement (whether sold by AUCTIONEER, OWNER, or others), OWNER agrees that the sale for those assets was made possible by the marketing efforts of the AUCTIONEER and OWNER agrees to pay to the AUCTIONEER the agreed upon commission percentage plus the Buyer’s Premium percentage calculated as determined by the reserve price set by OWNER or value determined by third-party appraiser of AUCTIONEER’s choosing. 15. Vehicles must be accurately described by OWNER including items working poorly or not working, description, history and mileage and any facts that may affect the selling price. 16. All vehicles that are “frame damaged” or have titles that read “salvage”, “Rebuilt”, “Insurance Totals”, or “Branded” are required to be declared in writing on the description line of this Agreement at the time of the Agreement’s execution. Failure to do so may result in sale rejection. Sale rejection for any of these reasons will make the OWNER subject to all auction sale fees. These fees may be withheld from any funds due to OWNER from this Auction or future Auctions. 17. NON-DISCLOSURE OF THIS AGREEMENT: OWNER agrees to not share this Agreement, nor disclose the terms of this agreement with anyone who is not a party to this Agreement. OWNER acknowledges that to do so will cause significant harm to the AUCTIONEER and accordingly agrees that AUCTIONEER is entitled to monetary damages against OWNER for sad disclosure in an amount of no less than five thousand dollars ($5,000.00). 18. I do hereby authorize Henderson Auctions to act as my ATTORNEY-IN-FACT in signing my name to any and all forms necessary for a transfer of my rights, title and interest in the motor vehicle(s) described below.

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