This auction will be conducted live on Saturday, November 13th @ 10:00 A.M. EST at the New York Sheraton Hotel & Towers and online simulcast utilizing proxibid. Auction Location: 811 7th Avenue @ 53rd Street, New York, NY 10019 For more information regarding the sale of Madoff personal property assets please visit www.usmarshals.gov/madoff. Live Preview: Friday, November 12th from 1:00 to 7:00 P.M. EST. The Brooklyn Navy Yard, Sands Street Entrance, Bldg 25 (The Perry Building), Brooklyn, NY 11205 Preview Note: Physical inspection will be limited to lots 152-218. All other lots will be available for visual inspection only. Items will not be available for preview on sale day. 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. Buyers have a limited opportunity to inspect items, but no right to physically handle most items. Buyers are responsible for making a determination as to the items condition and value from this limited inspection prior to bidding. Inability to observe defects or deficiencies in a lot through this limited inspection is a risk inherent in the auction process and will not be basis for any refund or adjustment in the sales price. It is recommended that all Bidders examine items before placing a bid to obtain firsthand knowledge of the items. Failure to view/inspect any property for sale shall not constitute cause of cancellation of sale. It is hereby warned that bidders should not bid on the basis of photography alone. Bidder must rely on their own inspection to verify the qualities of the item. Failure to inspect an item is not grounds for the retraction of a bid, refund, any adjustment of the price. All sales are recorded and any discrepancies will be settled after the conclusion of auction. By placing a bid, you are entering into a legally binding contract and agree to follow through with the purchase of the item should you win the item. Bidder expressly agrees not to stop payment, dispute or contest this transaction. FAILURE TO PAY FOR ITEMS WILL RESULT IN DENIAL FROM PARTICIPATION IN ANY FUTURE U.S. MARSHALS SERVICE AUCTIONS. All descriptions are believed to be correct; however neither Gaston & Sheehan Auctioneers nor the U.S. Marshals Service assumes any liability as to the accuracy of any descriptions, quantity, weight, grade, quality, purity, value or any other feature(s). No allowance, refund or set aside will be made on account of any incorrectness, error in cataloging, imperfection, defect or damage. Any descriptions or representations are for identification purposes only and are not to be construed as a warranty of any type. Gaston & Sheehan Auctioneers, Inc. neither conducted an appraisal, nor has any association with the appraiser for this auction. Appraisals are conducted under a separate contract with the U.S. Marshals Service, which is completely separate from the Auction contract. The Auctioneer has no control over the appraisal contract, and cannot warranty, stand behind or guarantee information contained in the appraisal. The Buyer specifically agrees and acknowledges that the use of the term “tested” as used to describe articles of jewelry means only that the Auctioneer believes that the article described has been tested as to the gold or silver and the Auctioneer makes no warranty that the gold or silver content is as described. Likewise, the description of a diamond or other gem or the description of a particular brand does not constitute any representation or warranty that the article is as described. It is the Buyers sole responsibility to determine the authenticity of any item purchased. The Estimated Price Range listed in the catalog is listed as a convenience to buyers. These prices reflect estimates based upon historical sales of similar items. The Auctioneer has the right to reject any and all bids on behalf of the Seller and to bid as agent for any Absentee Bidder. The Auctioneer is not responsible for the acts or representations of the Seller. Seller shall retain full security interest in all merchandise until full and complete payment is made to Seller or Gaston & Sheehan Auctioneers. Security for purchases is the responsibility of the Buyer and begins immediately upon the sale of each lot. Removal is at the expense, liability and risk of the Buyer. Auctioneer shall not be responsible for goods not removed within the specified time period. Auctioneer shall not be responsible for non-delivery or for any other matter or thing to any purchaser of any lot, in any event. The U.S. Marshals Service retains the right to reject any bids for any reason or to make counter offers or accept back up offers at their sole discretion. 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 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 & BIDDING OPTIONS: Live Bidding - To bid you must register and obtain a bid card. Registration will be Friday, November 12th from 1:00 to 7:00 P.M. EST and sale day, November 13th starting at 8:30 A.M. EST. To register you will need a valid photo ID and a $500 cash deposit. Deposits for unsuccessful bidders will be returned in the same form when exiting. Upon the conclusion of the auction or bidding; Buyers will be required to verify purchases, make final payment and/or discuss final payment arrangements and receive checkout instructions prior to exiting the auction facility. Online Simulcast Bidding - To bid register at www.txauction.com/proxibid and submit a $1,000 deposit no later than 10:00 A.M. EST, on Thursday, November 11th to Gaston & Sheehan Auctioneers, Inc. by any acceptable payments listed below. The pre-bidding feature will be available. Deposits for unsuccessful bidders will be returned by ACH bank credit or company check within seven business days from auction. Pre-Bidding - Written bids will be accepted until Thursday, November 11th at 10:00 A.M. EST with a $1,000 deposit. PAYMENT: 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 Bank 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. All items must be paid for NLT Wednesday, November 17th. Payment mailing address: Gaston & Sheehan Auctioneers, Inc. 1420 FM 685 Pflugerville, TX 78660 MERCHANDISE REMOVAL & SHIPPING: Paid merchandise can be removed when convenient until 6:00 P.M. EST on auction day, November 13th. The jewelry, lots 152 – 218 will be located at the auction site on sale day only. All general merchandise can be retrieved from The Brooklyn Navy Yard, Building #25 or shipped to desired location at the buyers’ expense. Removal Times: Sat (11/13) - Jewelry items at auction site until 6 P.M. Sat (11/13) - General items at Navy Yard from 2 – 6 P.M. Sun (11/14) - General items at Navy Yard from 10 A.M. – 4 P.M. Mon - Wed (11/15 - 11/17) General items at Navy Yard from 9 A.M. – 4 P.M. Merchandise removal or shipping arrangements must be made prior to November 17th or storage charges will apply. 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. AFTER REGISTERING WITH PROXIBID YOU WILL RECEIVE A CONFORMATION EMAIL. PLEASE MAKE SURE TO RESPOND ACCORDINGLY.