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the bid history for each
Lot
, being the bid amounts
that have been recorded since the start of the auction
till the current highest bid; and a countdown clock
indicating the amount of time available for placing bids
before the closing time.
5.4 The bid history, current bid and countdown clock shall
be accurate at the time of downloading of those values.
However, such information shall not reflect any changes
in the bid history, current bid and/or countdown clock
that may have occurred during the time taken for this
information to reach the bidder's computer from
Our
server. The most updated bid values shall be shown only
when the information on bid values is refreshed, which
shall happen either automatically, or when a bidder clicks
on the "Refresh" icon on the
Website
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 the bid history shall not be visible to the
bidder until the values are refreshed again, whether
automatically on the
Website
, or by the bidder.
5.5 When the countdown clock counts down to zero, in
the casewhere the closing time in respect of a particular
Lot
has been extended by a further 2 minutes pursuant
to paragraph 5.2 above, the countdown clock may not
reflect such extension. The bidder may wait for the
values on the page to refresh automatically on the
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
.
5.6 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 5.5 above in order to view
the most updated bid history and countdown clock.
5.7 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.
We
do not accept any
liability in the unlikely event that a bid through the
MobileApp
is not executed or executed incorrectly.
5.8 The foreign currency exchange rate used is constant
during the auction, and has currently been set at
1:64 (USD:INR). Prior to the start of the auction,
We
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.
5.9
Technical Downtime
: In the unlikely event that the
Website
or
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 timeof that
Lot
groupand 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.
We
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
Us
in respect of extension of
the closing time shall be final.
5.10 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
Us
.
Therefore, although a bidder may have placed his/her
bid prior to the closing time, the bidmay be received by
Us
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.
5.11 Proxy bids may be recorded with
Us
12 hours prior to
the closing time, subject to the other provisions of these
conditions for sale, including any limits imposed by
Us
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.
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.
5.12 Bidders are advised to keep their login ID and password
secure at all times.
We
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.
5.13
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
.
5.14
Our
auction platform does not allow any bids to be
placed by
Us
on behalf of a seller. All bids recorded are
from registered bidders.
5.15
We
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
Us
will be conclusive.
5.16
We
reserve the right not to award the winning bid to
the bidder with the highest bid at the closing date if
We
deem it necessary to do so.
5.17
We
shall retain the right to display the results of the
sale and
Lot
details sold by
Us
, including catalogue
descriptions and prices on the
Website
at all times,
including after the completion of the sale.
We
regret
that
We
cannot agree to requests to remove these
details from the
Website
.
5.18 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
We
may, at
Our
discretion, execute the
Lot
at
such lower value.
5.19
We
shall retain the right to display the results of the
sale and
Lot
details sold by
Us
, including catalogue
descriptions and prices on the
Website
at all times,
including after the completion of the sale.
We
regret
that
We
cannot agree to requests to remove these
details from the
Website
.
6. Completing the Purchase
6.1
We
will raise invoices on the winning bidder for the sale
price and
Buyer’s Premium
, applicable taxes on sale
of the
Lots
and other additional charges that may be
incurred by
Us
, if any, including shipping and handling
of the
Lots
and additional levies.
6.2 (a) The title to all
Lots
marked with shall pass from
the seller to
Us
outside the territory of the United
States of America.
6.2 (b) The title to the
Lots
other than mentioned in
6.2(a) above 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.
6.3 For
Lots
which are not
Antiquities
, 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(s)
. In any event,
Lots
purchased will not be
released or shipped out to the winning bidder or his/
her representative until the winning bidder has fulfilled
his/her payment and other obligations as described in
these conditions for sale.
6.4 (a) Subject to fulfilment of all these conditions for
sale, the title to the
Lots
which are
Antiquities