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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. Viewings – Details listed in the Sales and Enquiries section
of the online catalogue
ii. The online auction catalogue available on
saffronart.comiv. 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, 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. 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:
FREQUENTLY ASKED QUESTIONS
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 Saffronart 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?
i.
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 amaximumprice 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 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 the discretion of Saffronart.
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 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:
i
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 bids, bidders
are advised to assign bidding nicknames to themselves when
prompted.
The most updated bid values shall be shown only when the page
on the website containing the information on bid values is refreshed,
which shall happen either automatically at regular intervals (indicated
at the top of the page), or when a bidder clicks on the “click to refresh
immediately” link on the page, or on the “refresh” or “reload” button
on his/her internet browser. After the values on the page have been
refreshed, any changes in bid values shall not be visible to the bidder
until the values are refreshed again whether automatically or by the
bidder.
We encourage bidders to set absentee/proxy bids for lots they are
interested in well in advance of the closing time for a lot.
When does a lot sell? What are closing and winning bids?
The closing bid for a lot is the highest bid at the time a particular
lot’s bidding has ended. No further bids can be made at that point.
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. The winning bids for all sold lots will be posted on the
website after the close of the auction.
Groups of lots are scheduled to close at different times on the
last day of the auction. The bid closing schedule for each auction
is listed online, and at the back of the printed catalogue. Pre–
determined groups of lots will close according to the bid–closing
schedule unless a bid is recorded within a span of 2 minutes prior
to the lot’s scheduled closing time. In this case, the lot closing time
will be extended to 2 minutes after the time of the last bid. If this
time extension takes place, bidding on any lot will only end if there
is no bid recorded for a continuous period of 2 minutes. Bidders
are advised to click on the “click to refresh immediately” link on
the website page being viewed by them, or on the “Refresh” link if
bidding on a mobile, at regular intervals for updates on latest bids
and time extensions if any.