15% Buyer's Premium on Personal Property. Payments must be made by CREDIT CARD. MasterCard, Visa, Discover & American Express accepted but will incur 3% additional premium. Payment is due day of sale. All items sold "AS IS, WHERE IS" and in the condition as inspected with all faults.

FOUNTAIN CITY AUCTION TERMS AND CONDITIONS OF SALE

IMPORTANT NOTICE TO BIDDERS: Please read all terms and conditions thoroughly before participating. By registering a bidder profile and placing a bid, you acknowledge that you have read, understood, and legally bound yourself to the terms outlined below.

1. General Bidding Mechanics & Account Responsibility
1.1 Binding Contract: A successful bid at auction, whether placed live or via an online platform, constitutes a legally binding contract of sale. All sales are absolute and final. Cancellations, returns, refunds, or exchanges will not be granted under any circumstances.
1.2 Multiplier Listings: The notation "2X" (or any subsequent numerical multiplier) on a listing denotes a quantity multiplier. Your bid amount represents the per-unit price, and the final hammer price will be calculated as the bid amount multiplied by the specified factor.
1.3 Seller Bidding Rights: In accordance with applicable state law, Fountain City Auction reserves the right to bid on any offered asset on behalf of the estate or property owners.
1.4 Bidder Account Security: Bidder registration numbers and login credentials are strictly non-transferable. The registered account holder assumes exclusive financial responsibility for all bids placed under their assigned number.
1.5 Registry Accuracy: Bidders must ensure that all profile informationincluding full legal name, physical address, phone number, email address, and credit card detailsis accurate and current at the time of registration.

2. "As-Is, Where-Is" Clause & Absence of Warranties
2.1 Absolute Absence of Warranties: All assets and equipment are sold strictly "As-Is, Where-Is," with all faults, defects, and imperfections, and without any warranties, express or implied. Fountain City Auction disclaims any implied warranties of merchantability, fitness for a particular purpose, quality, or usability.
2.2 Identification Only: Any descriptions, measurements, photos, or digital media provided by the auction house are intended solely for identification purposes. They do not constitute a warranty or representation of year, model, authenticity, mechanical condition, or performance.
2.3 Inspection Recommended: Visual media and catalog descriptions serve as a guide only. The auction house is not liable for inadvertent errors, including the posting of incorrect photographs. Bidders are strongly encouraged to conduct a rigorous on-site inspection of items prior to bidding. Neither Fountain City Auction nor its consignor clients assume liability for bidder errors. If you are in doubt regarding an item's condition or authenticity, please ask questions or bid accordingly.

3. Financial Terms, Tax Compliance & Payment Enforcement
3.1 Buyer's Premium and Fees: A 15% Buyer's Premium will be added to the hammer price of all won lots. Payments processed via credit card are subject to an additional 3% processing fee.
3.2 Automated Payment Processing: By accepting these terms, the Buyer authorizes Fountain City Auction to automatically charge the credit card on file for the total invoice amount immediately following the close of the auction.
3.3 Default and Revocation of Privileges: All accounts must be settled in full by the Tuesday following the previous week's Friday night or Saturday afternoon auction. Failure to secure full payment by this deadline will result in the immediate and permanent revocation of the Buyer's bidding privileges at Fountain City Auction.
3.4 Sales Tax Compliance: State sales tax will be collected on all non-titled assets. Sales tax for titled items remains the exclusive responsibility of the Buyer upon transferring the title with local authorities.
3.5 Tax Exemptions: Buyers claiming a sales tax exemption for non-titled items must submit a valid resale certificate to the auction house the week prior to the auction's commencement. Exemptions must be coordinated via telephone at 865-474-9931. Do not submit exemption certificates via email (fountaincityauction@yahoo.com) unless specifically instructed to do so during your phone confirmation.

4. Removal Logistics, Asset Forfeiture, and Consignment Remedies
4.1 Removal and Transport Obligations: The Buyer assumes sole responsibility and exclusive financial liability for all logistics, labor, packing materials, and transportation costs required to remove purchased property from the designated auction location.
4.2 Removal Deadline: All purchased items must be completely removed from the premises within the strictly designated window of two (2) business days following the auction.
4.3 Default and Asset Forfeiture: Failure to take possession of property within the specified two-business-day timeframe constitutes a material default. In the event of a default, items will be deemed contractually abandoned, the Buyer forfeits all rights and claims to the property, no refunds or financial credits will be issued, and title to the items automatically reverts to Fountain City Auction for subsequent liquidation.
4.4 Mitigation via Consignment Resale: If the Buyer provides written notice of their inability to meet the removal deadline prior to its expiration, Fountain City Auction may, at its sole discretion, agree to resell the items on the Buyer's behalf. This mitigation service is subject to a 30% consignment commission deducted from the gross resale proceeds.
4.5 Waiver of Remedy: Failure to communicate an inability to remove property prior to the official deadline results in the immediate and irrevocable waiver of the consignment resale option, culminating in total asset forfeiture as outlined in Section 4.3.

5. Release of Liability and Indemnification
5.1 Total Absolution of Liability: The Buyer's acceptance of these terms completely absolves, releases, and indemnifies Fountain City Auction, its officers, employees, and clients from any and all liability, claims, demands, or causes of action whatsoever. This includes, but is not limited to, claims for personal injury, property damage, or financial loss arising from the Buyer's presence on the premises, participation in the auction, or the handling and purchase of auction assets.

Online only: furniture, antiques, knives, toys, coins, jewelry, advertising, tools, glassware, fishing, collectibles and more. We add to the catalog throughout the week. Please bring help to load your furniture! We do not always have staff to help! There is a 15% buyer's premium on all sales & 3% credit card fee. Please read all information before you bid and make sure all your information is correct such as spelling of name, address, phone number and email. Also, please make sure you have enough funds in your credit card account to cover your bids.