Only cash, cashier's check, certified funds and wire transfers made payable to Paul E. Saperstein Co., Inc. will be accepted. A company check will be accepted only if accompanied by a letter from your bank guaranteeing payment in full.
*Must be typed on bank letterhead stationary and must be addressed to Paul E. Saperstein Co., Inc.
*Must reference you or your company, your bank account number and check number used in the purchase.
*Must indicate the name or names of the check signers.
*Must guarantee payment to Paul E. Saperstein Co., Inc. up to a specified dollar amount, which must be equal to or greater than the total amount being purchased.
*Must specify the guarantee is good for ten business days after the letter date to allow enough time for the check to clear the banking system.
*Must be signed by an officer of the bank and include their direct dial phone number for verification purposes.
(On Bank Stationary)
Bank Letter of Guarantee
To Whom It May Concern:
This bank unconditionally guarantees payment to Paul E. Saperstein Co., Inc., from (name of Customer) drawn on account #___________ up to the amount of $dollar amount. This letter is valid for purchases at the (name of auction) auction sale on (date of sale) and for ten business days following the auction.
(Name of Manager & Bank, Signature)