TERMS AND CONDITIONS OF SALE
GENERAL - This sale is not classed as a consumer sale within the meaning of the Supply of Goods (Implied Terms) Act 1979. All lots contained within any sale through Fosse Lane Auction is owned by the vendor. Fosse Lane auction is a third party agent, and does not claim ownership of any goods held or sold.
BUYERS PREMIUM & VAT: A buyer’s premium of 17% inclusive of VAT is charged on the hammer price of all lots - unless otherwise has been indicated within the auction catalogue. Our auction host charges an additional 3% fee to register for bidding, taking the total fee to 20%. If a vendor is VAT registered, an additional fee for VAT will be added on the hammer price. If this is the case, you will be informed of this additional fee within the item's description in the auction catalogue. Vat will be charged at the current rate of 20%. Upon completion of the sale, an invoice will be provided to the successful buyer. If you require an additional VAT invoice, please contact us.
SELLERS FEES & CONDITIONS: A sellers’s fee of 20% inclusive of VAT is the default rate for selling with Fosse Lane Auction, unless an alternative arrangement is agreed with us. Each lot will incur a £1.75 entry fee, unless alternative arrangement is agreed with us. Any items entered MUST be done so using the online booking form found at www.fosselaneauction.co.uk/Drop_off_booking. Using this form will require you to choose a date and time for drop off, as well as submit a list of goods you intend to sell. Failure to book using this form, and attending site without a completed and confirmed booking may result in delays or rejection of your items. Fosse Lane Auction reserves the right to reject any lots before or during any sale without providing reason or justification for doing so. You will be informed of such rejection, and you will have 3 days to remove any lots from the premesis. Failure to remove these lots will forefeit them into the possession of Fosse Lane Auction, and you may be charged for their disposal.
BIDDING: Your bid is a legally binding contract. All bids are final, and a buyer cannot retract or cancel their bid at any point under any circumstances. Fosse Lane Auction have absolute discretion without giving any reason, to refuse registration to any person. The vendor may alter or withdraw any of their submitted lots before or during the sale. All bids are to be placed through our auction host Easy Live Auction via a registered bidder's account. All bids will be treated as valid, regardless of it has met the reserve. From time to time, a vendor may request a lowering or removal of the reserve, which would therefore render a bid successful. Upon the fall of the hammer, responsibility of the item will fall solely with the buyer, and it is in the buyer's discretion to seek any insurances regarding any goods successfully purchased.
PAYMENT: All invoices must be paid in full prior to collection of the goods. PAYMENT SHOULD BE MADE TO FOSSE LANE AUCTION using the payment details provided on the invoice. Goods will not be removed from site until payment has been made and cleared. Payment can be online by debit/credit card, and the link to do so will be contained within the invoice email. Fosse Lane Auction will also accept payment using bank transfer, cash, or debit/credit cards by phone. Cheques may be accepted as long as prior consent has been given by Fosse Lane Auction, and the goods will be held until cheques are cleared. BANK TRANSFERS: BACS payment can be made directly into our account (please contact us for bank details).
By creating an account with Fosse Lane Auction through easyliveAuction.com, you are required to provide your credit/bank card details. You authorise Fosse Lane Auction, if required, to charge the credit/bank card given in part or full payment, including fees, for goods successfully purchased.
DEFAULT BY THE BUYER: If at any time the Buyer has failed to pay in full by end of day on final collection day of the auction from which the goods were purchased, or failed to remove any lot purchased by the final day of collection then:
i) A late collection fee of £3 per day will be added to the cost per item which is not collected within 4 days of the auction completion, unless prior agreement with us has been met. A further fee may be added to cover storage, wages and other expenses incurred - at our discretion. Any balance held by us owed to you may be used to cover the item's purchase price, and any incurred fees;
ii) We may remove the lot from the premises and leave it outside at the Buyer’s risk and expense;
iii} Lots which are not collected by the end of the week following the auction will be deemed abandoned by the buyer, and will either be returned to the vendor, disposed of, or entered into a future auction. Any costs relating to the item's disposal may be charged to the buyer.
iv)At our discretion, we may deem it necessary to place restrictions or blocks on any future bids placed by defaulting buyers.
DATA PROTECTION: We will hold and process any personal data in relation to bidders and vendors in accordance with our current privacy policy, a copy of which is available upon request.
THIRD PARTY LIABILITY: Every person on Fosse Lane Auction premises at any time shall be deemed to be there at their own risk. They shall have no claim against Fosse Lane Auction in respect of any accident which may occur, or injury, damage or loss howsoever caused, save in so far as the injury, damage or loss shall be caused by the direct negligence of Fosse Lane Auction employees.
FAULTS AND ERRORS: All lots are sold ‘as seen, as they lie’ and without warranty, regardless of the description in the catalogue. They are sold with all faults and errors or mis-statement or description, measurement, weight, quantity, quality, number or otherwise (whether of a substantial nature of not). The Purchaser holds full responsibility to inspect the lots he buys, and to satisfy themselves as to the accuracy of titles, descriptions, condition and specifics. IF THEY BUY WITHOUT PREVIOUS INSPECTION, THEY SHALL DO SO AT THEIR OWN RISK. All lots will be made available for inspection prior to purchase. We assume any responsibility for the condition or any factors relating to it.
COLLECTION AND REMOVAL OF GOODS: All collections for goods purchased with Fosse Lane Auctions must be booked at https://www.fosselaneauction.co.uk/Collection_booking. Failure to book a collection may result in refusal of service. Any goods purchased on site at Fosse Lane Auction must be located, retrieved and handed over by a member of Fosse Lane Auction staff, unless prior agreement has been met. Under no circumstances must a retrieval or removal of an item be attempted by buyer or vendor without given consent. Any injury, damage or other loss to the buyer, his possession, other lots within the sale, building fabric or other goods or persons suffered at any point during the collection and removal of goods will be at the sole responsibility of the buyer, unless clear and proven negligence on behalf of an employee at Fosse Lane Auction is present. Once an item is removed from the premises, Fosse Lane Auctions or the vendor retains no liability or responsibility. It is the responsibility of the buyer to deem goods suitable and worthy for their own intended uses.Pallets, stillages, baskets, etc. used for the display of the lot are not included in the sale lot unless otherwise stated or agreed prior to its removal. It is the buyer's responsibility to ensure that the goods they are collecting are being stored and transported in a safe and secure manner, and in a way which aligns with any rules and regulations which may apply to any specific items.
UNSOLD LOTS: All lots unsold on their first attempt will be automatically entered into next week's auction unless prior agreement has been made with Fosse Lane Auction. This will incur a second lotting fee. For items which do not sell after the second attempt, or it has been agreed that a second attempt will not occur, items will need to be collected by the vendor within 3 days of the date of the sale. you will be notified by email of any unsold lots. It is your responsibility to contact the Fosse Lane Auction to arrange collection of any unsold lots. Failure to collect any unsold goods within the timeframe will result in the forfeit of the goods to Fosse Lane auction, where they will be disposed of at our discretion. Any costs incurred by Fosse Lane Auction in the disposal of these goods may be charged to the vendor.
DISPUTES: If any dispute or difference arises about any lot or any other matter in relation to the sale (other than a dispute between bidders) the same shall be settled by the Auctioneers or any such person as they shall appoint for the purpose, whose determination shall be fixed and binding on all parties concerned.
POSTAGE OF GOODS: Fosse Lane Auction may offer postage on lots contained within the auction, and information on such will be contained within the item's description within the auction catalogue. It is the buyer's responsibility to confirm that we are willing and able to post the item in question to you. All items posted are done so using our courier service of choice (unless otherwise agreed). In the event of loss or damage to posted items, Fosse Lane Auction or the vendor do not take any responsibility for the item's compensation or replacement. Damages must be reported within 3 days of the item's receipt, so a claim (if applicable) can be raised with the relevant courier. If the courier agrees to compensate, all monies will be refunded to the buyer. The timeframe in which a result on whether an item is reached is at the sole discretion of the courier in question, and any decisions made regarding compensation are final. Buyers are expected to use reasonable judgment as to what risks may come with the postage of specific items, and their suitability to be posted. Fosse Lane Auction will offer any assistance and information required to help with your query regarding postage. Postage costs are to be added onto the purchase cost, and will include the cost of the postal service, along with any relevant packaging costs, including wage cost.
