THE TIES THAT BIND: SOUTH ASIAN MODERN AND CONTEMPORARY ART (30 NOVEMBER-01 DECEMBER 2016)

152

NOVEMBER 2016 | THE TIES THAT BIND

153

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:

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?

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. 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:

Name

ii.

Address

iii. Telephone Number

iv. Email Address

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. Download the app from the

iTunes App store and the Google Play store.

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