Terms

*TERMS AND CONDITIONS*

Lot-It Online Auctions

1. Everybody can bid between at any given time whilst the auction item is still active.

2. On the WhatsApp auction there are multiple groups all named “Lot-It Online Auction” running at the same time, the bids are received over all the groups and the results are shared across all groups as they happen.

3. It is the responsibility of the seller to ensure that Lot-It Online Auction receives the correct information.

4. Lot-It Online Auction accepts no responsibility for incorrect information or incorrect photos provided by the seller.

5. Lot-It Online Auction accepts no liability for lots purchased which are reproductions of the original.

6. It is the buyer’s responsibility to make sure he is satisfied with the information of a lot before buying the lot. NO EXCEPTIONS. If for any reason the item bought is indeed refunded to the buyer a 15% fee will still be charged, any refunds would exclude the cost of courier as that is solely at the risk of buyers and sellers.

7. Lot-It Online Auction, please enter your bid correctly and completely. E.g. Lot 5 R1000 Piet (1). A wrong bid will not be accepted without notice.

8. All bids must be increased by a minimum of R50.00 (fifty Rand) unless otherwise indicated.

9. No lot sent to Lot-It Online Auction may appear on another auction on the same day. 

10. 11% (eleven percent) on the sale amount will be due by the seller to Lot-It Online Auction as commission.

11. Lots that are placed may NOT be withdrawn. In such event, a 15% (fifteen percent) admin fee of the reserve amount will be due to Lot-It Online Auction for ANY withdrawal by the seller.

12. Buyers will remain bound to Lot-It Online Auction sales agreement. Should the buyer withdraw from a lot bought before the deal is concluded, the buyer will be held responsible for 15% (fifteen percent) fine of sales amount to Lot-It Online Auction. NO EXCEPTIONS will be tolerated. Make sure of a lot before buying it. No bid will be withdrawn during auction.

13. Lot-It Online Auction reserves the right to refuse any lot or offer during auction.

14. All lots remain the property of the seller, and the seller may refuse a buyer’s bid. Seller must have a valid reason and administer it privately.  Should the seller fail to provide a valid reason such seller will be liable of payment of 15% (fifteen percent) of the reserve price of the lot.

15. All lots remain the property of the seller until the buyer’s transaction has been completed to the seller.

16. Lot-It Online Auction will place the results of the auction with the closing of each day’s auction. Only after publication of the results will the seller’s information be sent privately to buyers.

17. Negotiations on non-sold lots will be strictly negotiated after the auction by Lot-It Online Auction.

18. After the auction, the buyer will receive the seller’s contact details and it is the buyer’s responsibility to contact the seller within 24 hours and make payment to Lot-It Online Auction within 3 (three) working days. The buyer must collect goods within 5 (Five) working days or make an alternative arrangement that the seller agrees to. Lot-It Online Auction will release payment to seller after buyer has confirmed he is satisfied that goods have been sent or received unless otherwise arranged. This allows for enough time for the buyer to receive the item and confirm that it is in the condition as listed. 

19. If the buyer does not make arrangements for goods to be sent by seller or does not collect the goods after a period of 90 (ninety) days ownership of the goods reverts back to the seller and the buyer will forfeit any payments made.

20. Lot-It Online Auction is not responsible for failed deliveries or for transport or costs of 

transport of any items sold on auction. It is the buyer’s responsibility to get in touch with the seller and to arrange transportation, the cost of which is for the buyer unless otherwise specified.

21. It is the seller’s responsibility to notify Lot-It Online Auction if the buyer fails to comply with the rules.

22. The seller has 7 days to provide goods sold to the buyer in good condition if applicable.

23. Sellers must inform Lot-It Online Auction once they have dispatched goods to buyers, no payments will be released without this notification from sellers. This is the responsibility of the seller to notify Lot-It Online Auction and not the responsibility of the auction to follow up on this.

24. Buyers must inform Lot-It Online Auction once they have received goods, no payments will be released without this notification from buyer. This is e responsibility of the buyer to notify Lot-It Auction and not the responsibility of the auction to follow up on this.

25. Lot-It Online Auction admin expects everyone to view the group as an auction and to respect the privacy of the admin and anyone who is part of the Lot-It Online Auction group. If any problems arise, please report privately to admin and NOT on the Lot-It Online Auction group.

26. Any disputes are resolved at the sole discretion of Lot-It Online Auction.

1. No artwork or raffles of any kind will be sold on the Lot-It Auction.