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eligible mobile device and use it to place bids during
the sale. To avail of this service, you must be registered
as a bidder. Visit the Mobile Bidding page under the
“Services” section on
saffronart.comto download the
app for devices supported by iOS and Android.
(v) Absentee/Proxy Bids: Bidders may place bids prior
to the sale either online or in writing by submitting
the Absentee/proxy bid form. See the Absentee/
Proxy Bid Form available at the back of the printed
catalogue, or on the website. Absentee/proxy bids
shall be accepted up to a certain time prior to the
sale which will be listed online.
What are bid increments?
Any new bid must be greater than the current highest
bid by a minimum increment. The next valid bid amount
is the current highest bid plus the minimum increment
value. The auctioneer may vary the increments during the
course of the auction at his or her discretion. Online bids
however, are accepted only at the next valid bid based on
the minimum increment. Please refer to the bid increments
printed at the back of the catalogue (on the reverse of the
Absentee/Proxy Bid Form).
Can a bid be cancelled?
No bid may be cancelled by a bidder. SAPL reserves the
right to cancel a bid at its discretion if it considers it
necessary to do so.
What is the currency of bidding?
In a live auction in India, the currency of bidding is INR.
However, buyers with an invoicing address outside India
are invoiced in USD at the exchange rate fixed for the sale.
Please see the exchange rate section in our Conditions for
Sale online.
What is an Opening/Start Bid?
The opening/start bid is the value at which the auction
house starts the bidding on a particular lot.
When does a lot sell?
The fall of the auctioneer’s gavel shall mark the close
of bidding on each lot. The final bid announced by the
auctioneer is considered a winning bid in the sale, if the
auctioneer announces the lot as sold.
What is Buyer’s Premium?
SAPL charges the buyer a premium on the winning bid
value. The Buyer’s Premium is calculated at the rate of 20%
of the winning bid value on each lot up to and including
INR 7,00,00,000; 15% of the winning bid value in excess of
INR 7,00,00,000, up to and including INR 12,00,00,000; and
12% of the winning bid value in excess of INR 12,00,00,000.
How will I be invoiced?
If you win a bid, you will be sent an email after the close
of the auction, containing an invoice for the winning bid
plus additional charges (shipping, handling, duties and
taxes as applicable) and the Buyer’s Premium plus service
tax at applicable rates. The invoicing details provided at the
time of registration will be used to raise the invoice and no
changes will be accepted after the sale.
You may review acceptable modes of payment described
in the section below. If you are the winning bidder, you are
legally bound to purchase the item from SAPL. Please note
that purchases will not be shipped out until payment has
been received and cleared.
What are additional charges?
All post-sales expenses, including packing, insurance,
shipping or handling charges, are borne by the buyer.
Shipping will be charged on courier rates and are
determined by the value, origin and destination of the
package. Local deliveries will be charged at actuals.
You may choose to make your own arrangements for
shipping and handling. However, all documentation
requirements must be complied with. Please contact us for
further details.
What are theDuties andTaxes applicableonmypurchase?
All duties and taxes applicable shall be borne by the buyer
and will depend on the value, origin and destination of the
package.
Any sale of lots originating from India to an address in
India is subject to a 13.5% VAT on the winning bid value
and a 15% Service Tax on the Buyer’s Premium. A CST
of 2% instead of the 13.5% VAT will be applicable on
the winning bid value only if the purchasing entity is a
business; the delivery location of the lot is outside the
state of the location of the sale as mentioned in the Sales
and Enquiries section of the catalogue and the buyer
provides the necessary documentation required by the
Sales Tax authorities. The final charges will be determined
at the close of the auction and will be sent by email to the
winning bidder.
FREQUENTLY ASKED QUESTIONS
How do I view the lots?
All lots for sale are featured in this auction catalogue. The
number listed next to each image is the lot number and
should be used as a reference during bidding or for any
information requests. The lots in this sale may be viewed
through any of the following:
(i) Previews and Viewings – Details listed in the Sales
and Enquiries section of the printed catalogue
(ii) The online auction catalogue available on
www.saffronart.com(iii) The printed auction catalogue
(iv) The mobile auction catalogue available for download
on your mobile device
What do you mean by ‘Condition of Lots’?
All lots will be shipped out in an ‘as is’ condition, meaning
that the item is soldwith all existing faults and imperfections.
SAPL encourages all potential buyers to inspect each item
carefully before bidding and to not rely on an illustration of
any item given in the catalogue. Condition reports for all
lots are available as a free service, upon request.
What are special lots?
Lots marked as “Art Treasures” and/or “Antiquities” under
the Antiquities and Art Treasures Act, 1972 cannot be
exported outside India. Buyers are solely responsible for
meeting the requirements of the Antiquities and Art
Treasures Act, 1972 or any related state legislation.
What are Price Estimates?
Each lot has a price range listed. These estimates are based
on characteristics of the lot such as condition, quality,
rarity, provenance. These estimates are provided only as a
guide for buyers and do not include Buyer’s Premium or
applicable taxes. Price estimates may be subject to revision.
What is a Reserve Price?
Unless stated otherwise, all lots offered in the auction are
subject to a reserve price, which is the minimum price that
the lot may be sold for. No lot will be sold below its reserve
price and the reserve price will not exceed the low price
estimate. Reserve prices are confidential and will not be
disclosed.
How do I register to bid?
Bidders are advised to register at least 24 hours in advance
of the sale. Bidders may choose to register online or send in
their details to SAPL and we will process the details for you.
SAPL requires the following details from a first time bidder
to register and process an approval to bid:
(i) Name
(ii) Address
(iii) Telephone Number
(iv) Email Address
(v) Know Your Customer (KYC) documents
(vi) Credit card information/financial references/deposits
In some cases, SAPL may request for a bidding limit value
which is a per lot limit based on your current bid value.
If you have bid or been approved to bid with Saffronart
before, please use your Saffronart login and password to
accept the Conditions for Sale online. Collecting a paddle in
a live auction also implies an acceptance of the conditions
for sale. Please note the invoicing details provided at the
time of registration cannot be changed after the sale.
How do I Bid?
(i) Bidding in the Room: All approved bidders, including
those who have registered online, will be handed a
paddle to bid in the auction. Please bring a proof of
identity to collect your paddle. Registrations open 30
minutes prior to the sale.
(ii) Bidding Online: Bidders may view and hear the
auction on their PC or Mac with our real-time online
video feed from the auction room. Online bidders
may place a bid by clicking on the “Bid Now” button
when their lot of interest is open for bidding. If their
bid is accepted by the auctioneer, it will be recorded.
(iii) Bidding on the Phone: SAPL accepts requests from
bidders to place bids on the phone with our staff
depending on availability. To avail of this service, you
must be registered as a bidder. Please note that the
number of telephone lines available for telephone
bidding may be limited and this facility is provided at
the discretion of SAPL.
(iv) Bidding on the Mobile: Bidders may download a
software application from Saffronart onto their