Auction Terms & Conditions Auction Terms & Conditions ***BUYER'S PREMIUM: A buyer's premium equal to 18% will be applied to all winning bids The buyer's premium percentage will be applied to each lot sold, to be paid by the buyer, as part of the final purchase price. ***PAYMENT: Payment for any purchase is considered due and payable on receipt of invoice. All payments are due in our office within 3 days of auction. Scheerer McCulloch Auctioneers, Inc., may, in its discretion, ban buyers from participating in future auctions if payment is not received within 3 days of auction. Scheerer accepts cash, credit cards with chip in person, or check for payment. Bidders paying with credit card directly (at our onsite location, in person ONLY) to Scheerer will be charged 5% credit card processing fee in addition to the buyer's premium, sales tax & bid price). Credit card must have a chip. Personal checks will be acceptable only if credit has been established with Scheerer. Items paid for by check will be held by Scheerer for 10 business banking days. The purchaser agrees to pay Scheerer a handling charge of $25.00 for any check dishonored by the drawee. Winning bidder agrees to pay Scheerer within 3 calendar days from auction date. ***All purchases must be paid for before merchandise is removed from auction premises. Personal checks from bidders unknown to Scheerer McCulloch Auctioneers, Inc., will be acceptable ONLY if credit has been previously established or if a bank authorization has been received guaranteeing a personal check. The buyer agrees to pay Scheerer McCulloch Auctioeneers, Inc. a handling charge of $25.00 for any check not honored by the drawee. If the purchaser breaches any of its obligations under these conditions of sale, including its obligation to pay in full the purchase price for all items purchased, Scheerer McCulloch Auctioneers, Inc. may exercise its rights under the law, which may include canceling the sale and applying any payments made by the buyer to the damages caused by the breach, and/or offering at public auction, without reserve, any lot or item for which the buyer has failed to pay in full or failed to remove from the premises with 3 days. The buyer will be held liable for any deficiency plus all costs of sale. The liability of Scheerer McCulloch Auctioneers, Inc. to any buyer in regard to any item shall not exceed the purchae price actually paid by such buyer. VEHICLE PURCHASES: Requirements to bid: Bidder must be older than 21 and have a valid driver's license. If the bidder is paying with check or credit/debit, bidder agrees to wait 10 days after payment is made to pick up the vehicle. If paying with cash, vehicle will be released at the time of payment. Instructions after winning: Make payment at The Lantern with a valid ID Depending on payment: Personal Check or Cashier's Check Auction company will deposit the check the next business day. Once 10 days have passed, vehicle will be available for pickup. Credit/debit/paypal Once 10 days have passed, vehicle will be available for pickup. Cash Vehicle will be released at the time of payment. At the time of pickup, title and vehicle keys will be released. Vehicle will be available at the lantern for pickup. It is the responsibility of the bidder to arrange method and delivery of complete payment with auctioneer. ***REMOVAL: All items must be paid for in full before they may be removed from auction location. All items MUST be removed from auction location during announced removal period. Items paid for and not removed from auction premises after 3 business days may be considered abandoned by the auctioneer. ***LOCAL PICK -UP ONLY. It is the bidder's sole responsibility to contact the auction house PRIOR to auction day and PRIOR to bidding to request shipping of any lots. If the purchaser breaches any of its obligations under these Conditions of Sale, including its obligation to pay in full the purchase price of all items for which it was the highest successful bidder, Scheerer may exercise all of its rights and remedies under the law including, without limitation, (a) canceling the sale and applying any payments made by the purchaser to the damages caused by the purchaser's breach, (b) offering at public auction, without reserve, any lot or item for which the purchaser has failed to pay in full the purchase price, holding the purchaser liable for any deficiency plus all costs of sale, (c) demanding specific performance from the purchaser and/or (d) collecting from purchaser all reasonable costs and attorney fees incurred in pursuit of the remedies set forth in this paragraph. 7. In no event will the liability of Scheerer to any purchaser with respect to any item exceed the purchase price actually paid by such purchaser for such item. ***CONDITION OF ITEMS: Neither the auctioneer nor the seller shall be responsible for the correct description, genuineness, authenticity of, or defect in any article. The auctioneer will make a good-faith effort to correctly describe all articles and their condition; however, neither the auctioneer nor the seller make any guarantee or warranty regarding the accuracy of article descriptions. *NO SALE WILL BE VOIDED OR ADJUSTED TO ACCOUNT FOR INCORRECT DESCRIPTION, CATALOG ERROR, OR IMPERFECTION NOT NOTED. ALL ITEMS ARE SOLD AS-IS, WHERE-IS, WITH NO WARRANTIES EXPRESSED OR IMPLIED. IT IS THE RESPONSIBILITY OF THE BIDDER TO INSPECT ALL ARTICLES AND SATISFY ALL INQUIRIES BEFORE BIDDING!* All articles will be made available for public inspection during announced inspection periods. Bidders may also contact the auctioneer at any time prior to the auction to discuss articles being sold or request additional photographs. It is the responsibility of the buyer to satisfy all inquiries regarding article description and condition prior to bidding. ***THE HIGHEST BIDDER: In the case of a disputed bid, the auctioneer shall have sole discretion in determing the buyer and may also withdraw the lot or re-offer the lot for sale. Floor bidders have precedent over absentee bidders in the case of a tie winning bid. ***INDEMNIFICATION: Purchaser shall defend and indemnify and hold auctioneer and seller harmless from and against all claims and liabilities relating to the condition of, removal of, or use of the articles purchased or failure of user to follow instructions, warnings or recommendations of the manufacturer, or to comply with federal, state, and local laws applicable to such articles, including OSHA requirements, and Environmental Protection Agency requirements, or for proximate or consequential damages, costs or legal expenses arising there from. ***RESPONSIBILITY FOR ARTICLES: At the time each article is sold, ownership of and responsibility for that article is transferred immediately to winning bidder. After articles are removed from auction location or the announced removal period has ended, the auctioneer and the seller will have no obligation to the winning bidder and no responsibility for articles sold. ***ACCEPTANCE OF TERMS AND CONDITIONS: Any and all bids made by any and all bidders are legally binding contracts to purchase articles for the price offered according to the terms and conditions listed herein. In the event that a winning bidder does not perform within the terms of this contract, the auctioneer may, in addition to all other remedies allowed by law, retain all monies received as deposit or otherwise as liquidated damages. Articles not paid for and removed within the announced payment and removal times may be resold at public or private sale without further notice, with no reserve; any deficiency, together with all expenses and charges of resale, including legal fees, will be charged to the defaulting purchaser. ***AMENDMENT/ADDENDUM TO TERMS AND CONDITIONS OF AUCTION: Any amendment or addendum to the terms and conditions of the auction will be announced by the auctioneer prior to the start of the auction and will supersede the applicable terms and conditions listed herein. ***BIDDING on any item indicates your acceptance of these terms and all other terms announced at the time of sale. --------------------------------------------- ------------------------------------------ Terms Of Use Seller User Terms Bidder User Terms

VEHICLES, GUITARS & ACCORDIONS, STERLING, WATERFORD & ORREFORS, RR SLIDES, FURNITURE, COLLECTIBLES, HOUSEWARES Auctioneer: Scheerer McCulloch Auctioneers, Inc. Type: Online-Only Auction Dates: 3/19/2021 - 3/25/2021, ends with first lot, soft staggered close @ 6 pm est Pickup Date: Friday, March 26th 9:30 am - 5:00 pm Location of Pickup: 4420 Ardmore Ave, Ft Wayne, IN 46809 If you purchase large items such as furniture, please bring additional assistance as the auction company will not be responsible for providing assistance with large items. Please bring your own packing and moving supplies. VEHICLE PURCHASES: Requirements to bid: Bidder must be older than 21 and have a valid driver's license. If the bidder is paying with check or credit/debit, bidder agrees to wait 10 days after payment is made to pick up the vehicle. If paying with cash, vehicle will be released at the time of payment. Instructions after winning: Make payment at The Lantern with a valid ID Depending on payment: Personal Check or Cashier's Check Auction company will deposit the check the next business day. Once 10 days have passed, vehicle will be available for pickup. Credit/debit/paypal Once 10 days have passed, vehicle will be available for pickup. Cash Vehicle will be released at the time of payment. At the time of pickup, title and vehicle keys will be released. Vehicle will be available at the lantern for pickup. It is the responsibility of the bidder to arrange method and delivery of complete payment with auctioneer.