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1. I agree and consent to paying the Buyer’s Premium calculated at the rate of 20% of the winning bid value of up
to and including USD 1,000,000; 15% of the winning bid value in excess of USD 1,000,000 up to and including
USD 1,600,000; and 12% of the winning bid value in excess of USD 1,600,000. All applicable duties and taxes,
and shipping and handling charges shall be borne by me.
2. I understand that if Saffronart receives identical absentee/proxy Bids, and if these Bids are the highest for the
Lot, Saffronart will sell the Lot to the Bidder whose Bid it received and accepted first.
3. I understand that absentee/proxy Bids submittedon “no reserve” lotswill be executedat aminimumof 10%of the
lowerestimate(the"MinimumValue"),ifthereisnocompetingBid,andtheabsentee/proxyBidamountisgreaterthan
the Minimum Value.
For New Bidders
If you have not pre
viously registered with
saffronart.com,please create a username on our website. To participate in
this auction, you will have to pre‒register with your login details. When contacted by our representative, please provide
a proof of identity and address document, such as a copy of an official photo identity card (either a PAN Card, National
Identity Card, Passport or Driver’s Licence). Once your documents are verified, you will be given access to bid. You may
also call our auction helpline at
+91 22 2432 2898.
INR increments are subject to change depending on the exchange rate for the auction.
BIDDING INCREMENTS
Bidding begins below the lower estimate, and increases in steps, or increments. The next valid bid is based on the increments listed below.
If bidders enter a proxy bid online, the next bid is placed at the minimum incremental value.
Below $ 5001
• By $ 100 up to $ 1,000
• By $ 150 up to $ 2,500
• By $ 250 up to $ 5,000
$ 5,001 ‒ $ 10,000
•
By $ 500 up to $ 7,5000
• By $ 750 up to $ 10,000
$10,001 ‒ $50,000
•
By $ 1,000 up to $ 15,000
• By $ 1,500 up to $ 25,000
• By $ 2,500 up to $ 50,000
$ 50,001 ‒ $ 100,000
•
By $ 5,000 up to $ 75,000
• By $ 7,500 up to $ 100,000
$100,001 ‒ $500,000
•
By $ 10,000 up to $ 150,000
• By $ 15,000 up to $ 200,000
• By $ 20,000 up to $ 250,000
• By $ 25,000 up to $ 500,000
$500,001 ‒ $ 1,000,000
•
By $ 50,000 up to $ 750,000
• By $ 75,000 up to $ 1,000,000
$ 1,000,001 ‒ $5,000,000
•
By $ 100,000 up to $ 2,000,000
• By $ 150,000 up to $ 3,000,000
• By $ 200,000 up to $ 4,000,000
• By $ 250,000 up to $ 5,000,000