FINE JEWELS AND OBJETS (18-19 OCTOBER 2016)

FINE JEWELS AND OBJETS | Online Auction

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

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 sold with all existing faults

and imperfections. Saffronart 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, online or upon request by email, fax, or

telephone.

What are special lots?

Lotsmarked 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. If applicable there is a

link for pricing achieved for similar art works at auction

available next to the lot in the online catalogue. 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 Saffronart and we

will process the details for you. Saffronart 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, Saffronart 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 us before,

please use your Saffronart login and password to accept

the Conditions for Sale online. Please note the invoicing

details provided at the time of registration cannot be

changed after the sale.

How do I Bid?

Bidding Online: Once you have identified the

lot that you would like to bid on, click on “Bid

Now” and enter either the bid amount for regular

bidding, or a maximum price for proxy/automatic

bidding. Regular bidding is the method by which

you actively participate in the bidding process

by entering the next valid bid (or one of a higher

value) each time you are outbid. Your screen will

display the next (minimum) valid bid, based on a

predetermined increment. You may enter a bid at

that exact value only. You may also view the entire

bid history prior to making your decision. After

you enter your bid, it is advisable to view the bid

history to verify that your bid has been recorded.

Please note that bidders may be contacted during

the auction for bid verification in order to protect

all bidders and maintain the efficacy of the process.

ii.

Bidding on the Phone: Saffronart 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 Saffronart’s discretion.

iii. Bidding on the Mobile: Bidders may download

a software application from Saffronart onto

their 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.com

to download the app for devices

supported by iOS and Android.

iv. 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.

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?

Once the auction has started, bids may not be cancelled

by a bidder. Absentee/Proxy bids may be altered prior

to the start of the auction. Absentee/Proxy bids placed

online may be lowered if the bidder has not reached

their proxy (maximum) value. Saffronart reserves the

right to cancel a bid at its discretion if it considers it

necessary to do so.

What is the currency of bidding?

Bids may be placed in US Dollars (USD) or Indian Rupees

(INR). However, only buyers in India may pay for their

purchases in INR at the close of the auction. All other

buyers must complete payment in USD. Certain lots

have been marked with the sign . These lots are not

situated in India and therefore, may only be bid for and

purchased in USD. Persons residing in India wishing to

bid in USD must be eligible under the various foreign

exchange regulations to make payments overseas. Please

contact Saffronart for further details. 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.

Absentee/proxy bids received before the start of the

auction will be recorded as follows:

If the absentee/proxy bid is less than the opening

bid value it will be recorded and displayed below

the opening bid value at the time of the start of

the auction in the bid history for that particular

lot.

ii.

If the absentee/proxy bid is greater than the

opening bid value and is less than the next valid bid

for that lot (based on the minimum increments)

it will be recorded and displayed as the current

highest bid above the opening bid value at the

time of the start of the auction in the bid history

for that particular lot. The next valid bid in this

case will be greater than the current highest bid

by a minimum increment, which applies to that

bid value.

iii. Multiple absentee/proxy bids received on a

particular lot before the start of the auction will

be recorded and displayed in the bid history of

the lot according to the values with the highest

bid being the current valid bid at the time of the

start of the auction. Absentee/proxy bids received

at the same value will be prioritised based on the

time of receiving the bids and will be shown in the

bid history of the lot.

How do I track my bids?

Under ‘My Bids’ on the page “My Auction Gallery”,

bidders can keep track of their bids. For ease of tracking