TERMS & CONDITIONS

A 25% deposit is required with all winning bids. Deposits can be made by cash, credit cards, certified checks, personal or business checks. Please note, personal or business checks must have a bank letter of guarantee in order to be accepted. Full payment must be made within 24 hours of the conclusion of the sale.

All goods have been available for inspection and are being sold on an "as-is, where-is" basis and making no guarantees or warranties as to the condition of any item. Buyers are urged to inspect all items before bidding. All goods are sold "as-is" and without recourse.

Auctioneer reserves the right to reject any and all bids.

Sales tax will be charged and collected on all purchases unless the clerk is furnished with acceptable proof of exemption.

Auctioneer reserves the right to withdraw any of the items advertised to be sold, to sell items not listed, to group two or more lots into one lot number or to subdivide one lot into two or more lot numbers. Auctioneer reserves the right to offer all lot numbers in the entirety.

No article shall be removed unless it is paid for in full. All articles purchased shall be removed within the time period made by the auctioneer during announcements prior to the sale. Each buyer is responsible for removing his/her items won at the auction. This means you should arrange for a shipper, hire your own help and bring your own handling equipment. Auctioneer will not, in any event, be liable for non-removal of items by the purchaser.

We have posted contact information for local shippers, but they are in no way affiliated with the Paul E. Saperstein Company. Additionally, the buyer is liable for any damages caused during the inspection or removal process.

Our catalogs are prepared for informational purposes only. We do not guarantee or warrantee any of the information provided to you. We strongly encourage all bidders to inspect items prior to the sale.

All potential online buyers must register at www.bidspotter.com prior to the auction and may be required to provide additional information to satisfy auctioneer. Paul Saperstein Company may, in its sole discretion, deny registration to any person or entity.

In default of payment of bills in full within the time therein specified, the auctioneer in addition to all other remedies allowed by law, may retain all money received as deposit or otherwise, as liquidated damages. Lots not paid for and removed within the time allowed herein may be resold at public or private sale without further notice, and any deficiency, together with all expenses and charges of resale including legal fees, will be charged to the defaulting purchaser.

There will be a 8% Buyers Premium with a 4% discount for onsite bidding and an additional 4% discount if paying with cash, certified check or company or personal check with bank letter of guarantee. All Terms are subject to court approval and change. All other Terms announced at Sale.

Inspection: Monday, January 21st, 2013 from 9 AM-3 PM

Trustee In Bankruptcy Sale @ Public Auction Re: Iaccarino & Sons, Inc. Honorable Melvin S Hoffman, Bankruptcy Judge, case #12-44032-MSH, Anne J. White, Esq., Trustee, Demeo & Associates, P.C., Boston, MA.

Information Regarding Riggers for Removal: The following are local riggers who have done work in the past for Paul Saperstein Company. They are in no way affiliated with Paul Saperstein Company.

Pedowitz Machinery Movers - Milford, CT - Andrew Conti - (203)-877-7458 email: andy@pedowitz.com

Woodworking Machinery Services - Wilmington, MA - Mike Kane - (978)-663-8488 or (508)-783-2866