California Unclaimed Property Auction


State Controller's Home

Steve Westly
California State
Controller

Auction Presented by

Lone Star
Auctioneers, Inc
4629 Mark IV Pkwy.
Fort Worth, TX 76106

Tel: (817)740-9400
Fax: (817)740-9777

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BIDDING ON SITE
Auction Dates & Time: Date: May 27-28, 2004 Time: 9:00 A.M.	Location: Hotel Sofitel/Opus Ballroom 8555 Beverly Boulevard Los Angeles, CA 90048
Preview: Tuesday, May 25, 2004 Wednesday, May 26, 2004 10:00 AM - 5:00 PM	Removal: Immediately following the auction No later then 5:00 PM May 28, 2004

BUYER’S PREMIUM & SALES TAXES
A 15% Buyer’s Premium will be charged to all buyers on every purchase. Lone Star Auctioneers, Inc. will not refund or reimburse the buyer’s premium on any item based on errors and/or omissions of the appraisal.

California state sales tax will be collected from all buyers who do not complete appropriate resale documentation upon registration for the auction and prior to making purchases.

TERMS & CONDITIONS

All onsite bidders must submit a signed copy of the Terms & Conditions before they are allowed to bid.

TERMS OF PAYMENT

Payment must be made in full immediately upon the completion of each day of the auction by U.S. Funds in the form of cash, Cashier’s Check or U.S. checks accompanied by a current Bank Letter of Guarantee. The bank letter must be an ORIGINAL on bank letterhead, and must read as follows:

Lone Star Auctioneers, Inc.
4629 Mark IV Parkway
Fort Worth, TX 76106-2295

______________ is a customer of this bank. This bank will guarantee unqualified payment to Lone Star Auctioneers, Inc. on account # __________ up to the amount of $ __________. No stop payment will be issued regarding this transaction. This letter expires June 11, 2004. @ (Expiration may be later, but must not be earlier than this date.)

______________________(signed), _________________(title)

_____________(date)

A 2.5 % check guarantee fee will be applied to all purchases with checks not accompanied by a valid Bank Letter of Guarantee. Buyers who use the check guarantee service are advised that all related purchases will be held for a period of approximately two weeks following the auction. The costs for shipping, handling, insurance, storage and security charges will be calculated and paid at time of payout. There will be no exceptions to these payment terms.