WOVEN TREASURES: TEXTILES FROM THE JASLEEN DHAMIJA COLLECTION (19-20 OCTOBER 2016)

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Website

, or click on the "Refresh" icon on the page, or

on the "Refresh" or "Reload" button on his/her internet

browser after the countdown clock has counted down

to zero to determine whether the closing time has

been extended for that

Lot

4.6 The countdown clock combined with the current

highest bid as shown on the bid history on the

Website

shall only be an indication of the highest bid amount

at the time when the values on the

Website

were

refreshed in the manner set out in paragraph 4.5 above.

Should bidders want more frequent updates, they are

advised to refresh values as described in paragraph 4.5

above in order to view the most updated bid history

and countdown clock.

4.7 Bidders may download the

MobileApp

onto any

mobile device that supports Android and iOS, and

use it to place advance bids. To avail of this service, you

must be registered as a bidder.

do not accept any

liability in the unlikely event that a bid through the

MobileApp

is not executed or executed incorrectly.

4.8 The foreign currency exchange rate used is constant

during the auction, and has currently been set at 1:66

(USD:INR). Prior to the start of the auction,

may at

Our

discretion change the exchange rate used, based

on fluctuations in market exchange rates. The estimates

for individual

Lots

have been 'rounded off' for ease of

reference and may not reflect the exact exchange rate

used for bid calculations.

4.9

Technical Downtime

: In the unlikely event that the

Website

MobileApp

is inaccessible to bidders

or partially disabled due to

Technical Downtime

at any time during the half an hour prior to the

scheduled closing time of the auction for any of the

Lot

groups, the closing time of that

Lot

group and

subsequent

Lot

groups will be extended by the

duration of such

Technical Downtime

. In case

the

Technical Downtime

extends beyond the

closing time for a particular

Lot

group, the

Website

and the

MobileApp

, as the case may be, shall, after

the

Technical Downtime

, show the auction for

the particular

Lot

group as closed. However, the

closing time for such

Lot

group and subsequent

Lot

groups shall be extended by the duration of the

Technical Downtime

and appropriate details of the

extension shall be published on the

Website

shortly

after recovery from the

Technical Downtime

. Bids

recorded prior to any

Technical Downtime

will be

treated as valid.

shall not be liable for any loss of

information due to the

Technical Downtime

. The

data logs of

Our

server will determine the duration

of the

Technical Downtime

and any determination

made by

in respect of extension of the closing time

shall be final.

4.10 Due to the nature of internet and/or mobile traffic,

there may be an unpredictable time-lag between a

bidder placing a bid, and that bid being received by

Therefore, although a bidder may have placed his/her

bid prior to the closing time, the bid may be received

after the closing time for the

Lot

in respect

of which the bid has been placed and shall, in such

an event, be rejected. In order to prevent bids being

rejected in such a manner, bidders may set proxy bids/

automatic bids on

Lots

which the bidder wishes to bid

for.

4.11 Proxy bids may be recorded with

12 hours prior

to the closing time, subject to the other provisions of

these conditions for sale, including any limits imposed

on the number of bids that a bidder may place.

Proxy Bids are accepted from bidders once they have

been given bidding access for the auction and may be

entered prior to auction start and up until the auction

closes.

4.11 Once a bid is registered in

Our

system, whether placed

by an active bidder or by proxy, it is immediately and

automatically displayed for all registered users to see.

4.12 Bidders are advised to keep their login ID and password

secure at all times.

will hold the bidder responsible

for all bids placed using their login ID and password,

whether via the

Website

or through the

MobileApp

Bidders choosing to bid via telephone are advised to

re-set their passwords at the close of the auction.

4.13

Our

employees may not bid in the auction once

the auction has started. They may, however, submit

an absentee/proxy bid for an amount which may be

equal to or above the lower estimate of a

Lot

before

the auction commences. Once the auction has started,

they may not increase their bid or alter it in any way.

Our

employees may also bid in charity auctions that

are held on the

Auction Platform

4.14

Our Auction Platform

does not allow any bids to be

placed by

on behalf of a seller. All bids recorded are

from registered bidders.

4.15

have the right to exercise reasonable discretion in

setting bid increments, refusing any bid, advancing the

bidding, withdrawing or dividing any

Lot

, combining

any two or more

Lots

, and in the case of error or

dispute, during or after the sale, determining the

successful bidder, continuing the bidding, cancelling the

sale or reoffering and reselling the item in dispute. If any

dispute arises after the sale, then, in the absence of any

evidence to the contrary, the sale record maintained by

will be conclusive.

4.16

reserve the right not to award the winning bid to

the bidder with the highest bid at the closing date if

deem it necessary to do so.

4.17

shall retain the right to display the results of the

sale and

Lot

details sold by

, including catalogue

descriptions and prices on the

Website

at all times,

including after the completion of the sale.

regret

that

cannot agree to requests to remove these

details from the

Website

4.18 At

Our

discretion, proxy bids submitted on "no reserve"

Lots

will be executed at aminimumof 10%of the lower

estimate of the relevant

Lot

if there is no competing

bid, and provided that the proxy bid amount is greater

than such minimum value. Notwithstanding the

above, in the event that there is a bid lower than such

minimum value and there is no competing higher bid,

then

may, at

Our

discretion, execute the

Lot

such lower value.

4.19 The closing bid is considered a winning bid, only if the

bid equals or exceeds the

Reserve Price

. If the closing

bid on a particular

Lot

is below the

Reserve Price

, it

will not be considered a winning bid and the

Lot

will

be deemed unsold. However, if the closing bid belongs

to a proxy bidder and is below the

Reserve Price

but the proxy bidder’s maximum bid price exceeds or

equals the

Reserve Price

, then the

Lot

will be sold to

the proxy bidder at the

Reserve Price

Completing the Purchase

5.1

will raise invoices on the winning bidder for the

sale price and

Buyer's Premium

, applicable taxes on

sale of

Lots

and other additional charges that may be

incurred by

, if any, including shipping and handling

of the

Lot

and additional levies.

5.2 The title to the

Lot

shall pass from the seller to

outside the territory of the United States of America.

The title to the

Lots

purchased shall pass to the

winning bidder at the time that bidding is closed for

each

Lot

and such winning bidder shall thereafter

assume full risk and responsibility for such

Lot

. In

any event, the

Lots

purchased will not be released

or shipped out to the winning bidder or his/her

representative until the winning bidder has fulfilled

his payment and other obligations as described in

these conditions for sale.

5.3 In respect of each sale at the auction,

shall charge

Buyer's Premium

calculated at the rate of (i) 20%

of the winning bid value of up to and including USD

1,000,000 (ii) 15% of the winning bid value in excess

of USD 1,000,000 up to and including USD 1,600,000

and (iii) 12% of the winning bid value in excess of USD

1,600,000. For

Lots

being shipped from India, a service

tax on the

Buyer's Premium

shall be to the account

of the winning bidder. This is applicable for deliveries

within India as well as overseas.

5.4 Irrespective of the currency in which the bidders have

placed their bids, winning bidders located in India will

be invoiced in INR and all other winning bidders will

be invoiced in USD. Payments must be made in the

currency on the invoice in any of the following modes

of payment.

For INR payments

Cheque/Demand Draft

RTGS/NEFT

Credit card: up to INR equivalent of USD 5,000

For USD payments

Cheque

Direct wire transfer

Credit card: up to USD 5,000

NOTE: Payments in excess of USD 5,000 (or its INR

equivalent) must be made through a wire transfer

or cheque.

and

Our Affiliates

will not be held

responsible for any refusal or failure to accept modes of

payment not outlined above.

5.5 The winning bidder shall pay the sale price and

Buyer's Premium

in full (including applicable taxes

and other charges, if any) within 7 business days

from the closing date of the auction. No shipment

or delivery of the

Lots

will be made to the winning

bidder if the sale price and

Buyer's Premium

(including applicable taxes and other service charges,

if any) are not received by

and until all proper

documentation in connection with the sale of the

Lot

has been completed. Payments will not be

accepted from any parties other than the winning

bidder as recorded on the invoice.