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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. 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 theminimumprice 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 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 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 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 Formavailable
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
receivedbefore the start of the auctionwill be recordedas 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