US Marshals Service National Jewelry Auction (New York City)
11/14/2009 10:00 AM

Location:
Sheraton New York Hotel & Towers, 811 7th Avenue @ 52nd Street, New York City, NY 10019

 

This auction will be conducted live on Saturday, November 14th 10 at the New York Sheraton & Towers and online simulcast utilizing www.proxibid.com.  

For more information regarding the sale of Madoff personal property assets please visit www.usmarshals.gov/madoff
 
Live Preview: Friday, November 13th  from 11:00 A.M. to 4:00 P.M. at the New York Sheraton and Towers.
 
New York Sheraton Directions
 
From East
  • Take the expressway to Queens Midtown Tunnel.
  • Go through the tunnel to 3rd Avenue.
  • Go uptown until you come to 53rd Street.
  • Turn left.
  • Continue to 7th Avenue.
From North
  • Take the New York Throughway South to Henry Hudson Parkway.
  • Proceed south to the 56th Street Exit.
  • Travel across 56th Street to 7th Avenue.
  • Turn right on 7th Avenue.
  • Continue to 52nd Street.
From West
  • Take Route 80 to the George Washington Bridge.
  • Cross over the bridge.
  • Proceed to Henry Hudson Parkway South.
  • Take the 52nd Street Exit.
  • Continue to 7th Avenue.
From South
  • Take the New Jersey Turnpike North.
  • Cross over the George Washington Bridge to Henry Hudson Parkway South.
  • Go to the 56th Street Exit.
  • Travel to 7th Avenue.
  • Take 7th Avenue to 52nd Street. 
 
 
 
 
 
 
 
TERMS & CONDITIONS
 
 
Everything sells “As Is – Where Is” with no warranties or guarantees expressed or implied! All purchases become the responsibility of the buyer when sold to the highest bidder. It is Buyers responsibility to have inspected the merchandise thoroughly, satisfying themselves as to the condition and value prior to bidding. All sales are recorded and any discrepancies will be settled after the conclusion of auction.
 
All prospective bidders should be aware that in order to ensure compliance with the Crime Control Act that they may be subject to a background check. Title 18 USC Section 1963(g) and 21 USC Section 853(h) of the Comprehensive Crime Control Act of 1984, prohibits the United States Government from reverting forfeited property to the defendant(s) convicted of violation under 18 USC Section 1962 nor 21 USC Section 841 et seu., or any person acting in concert with or on behalf of such defendant(s). To ensure compliance with the prohibition, you are required to certify that you are not acting and will not act in concert with or on behalf of the defendant(s) in this case upon the satisfaction of your purchase. Upon receipt of your certification, as set forth below, a records check will be made with the investigative agencies involved in the prosecution of the said case to confirm your submitted certification. In the event your certification cannot be confirmed, the purchase shall be immediately dissolved, and further criminal action taken.
 
“The offeror warrants that he/she is not: (a) an employee of the United States Department of Justice; (b) an employee of any Federal, State or Local Governmental Agency which participated in investigations that led to the forfeiture of property to the United States subject to this sale; (c) an employee of any contractor or subcontractor whose contract or subcontract provides goods or services to the United States Department of Justice Asset Forfeiture Program; (d) an agent or member of the immediate family/ household of any employee described in (a) (b) or (c) above.
 
“Any offeror who is a an employee of the United States Department of Justice warrants that he/she has complied with the provisions of 5 CFR 3801.104(a), and shall provide as part of his/her offer a copy of the written determination by the Agency designee required by 5 CFR 3801.104 (a)”
 


 
REGISTRATION & PAYMENT TERMS
 
Live Auction: To bid you must register and get a bid card. Registration will be Friday, November 13th from 11:00 A.M. to 4:00 P.M. and sale day starting at 8:30 A.M. CST. To register you will need a valid photo ID and a $250 cash deposit. Deposits for unsuccessful bidders will be returned in the same form when exiting.Full payment is due at the end of the auction.
 
Online Simulcast: To bid register at www.proxibid.com 24/7 and submit a $1,000 deposit no later than 2:30 P.M. CST, on Thursday, November 12th. Successful bidders will receive notification by email of their winning items and amount due. Full payment is due NLT 4 days after the auction. Deposits for unsuccessful bidders will be returned by company check.
 
Absentee Bids: Written bids will be accepted with a 50% deposit of total absentee bid until Friday, November 13th  at 5:00 P.M. CST. Full payment is due NLT 3 days after the auction. Deposits for unsuccessful bidders will be returned by company check.
 
Acceptable Payments: Cash, Cashiers’ Check(s) made payable to Gaston & Sheehan, Personal or Company Check with an original verified bank letter of guarantee addressed to Gaston & Sheehan Auctioneers, ACH Debit or Bank Wire. All purchases paid by ACH Debit or Bank Wire will be held until funds are confirmed and are accessed a $10 fee per transaction. After confirmation of funds, merchandise can be retrieved from Gaston & Sheehan’s main Pflugerville office or shipped to desired location.
 
 
 
MERCHANDISE REMOVAL & SHIPPING
 
Paid merchandise can be removed when convenient and until 6:00 P.M. EST on auction day. If shipping is needed, Gaston & Sheehan will utilize the following carriers and assess a minimal fee for packaging and handling; UPS (www.ups.com), FedEx (www.fedex.com) and USPS (www.usps.com). Visit the noted websites for estimated shipping and insurance fees.