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shall pass to the winning bidder upon full payment

by the winning bidder to

, and such winning

bidder assumes full risk and responsibilities

thereafter. However, since

cannot deliver

possession of the

Antiquity

to a third person prior

to transferring the ownership along with valid

registration to such third person in accordance

with the provisions of the

Antiquities Act

and

the

Rules

, subject to receipt by

of full payment

and of the duly signed requisite forms and

documents from the winning bidder required for

the purpose of transferring the ownership along

with registration of the

Antiquity

to the winning

bidder,

shall make best endeavours to transfer/

deliver such

Antiquity

to the winning bidder

within 90 days from the date of the receipt of full

payment, and transfer papers from the winning

bidder. The winning bidders are hereby made

aware that the process for transfer of ownership

along with registration from one person to

the other in accordance with the provisions of

the

Antiquities Act

and the

Rules

is a process

administered by the Archaeological Survey of India

and may take longer than the envisaged period of

90 days.

will not be responsible for any delays

involved in transfer/delivery of ownership along

with registration of any

Antiquity

. In the event

that the registering officer or any other employee

of the Archaeological Survey of India empowered

to execute the transfer of ownership along with

registration of an

Antiquity

insists on sending the

duly transferred registration certificate directly to

the winning bidder,

will not be responsible for

any damage or loss in transit of the said registration

certificate. Winning bidders are advised to read

and abide by the provisions of the

Antiquities

Act

and the

Rules

and all notifications issued

thereunder from time to time, which are available

with the Archaeological Survey of India and also

at the website of the Archaeological Survey of

India

(www.asi.nic.in)

6.4 (b)

Lots

over a hundred years old, whether registered

with the ASI or otherwise, or deemed National

Treasures, are NON-EXPORTABLE as per the

Antiquities Act

and the

Rules

, and cannot be

exported out of India.

6.5 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

1,500,000 (ii) 15% of the winning bid value in excess

of USD 1,500,000 up to and including USD 3,000,000

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

3,000,000. GST applicable on the

Buyer’s Premium

shall be payable by the winning bidder.

6.6 The winning bidder shall be invoiced based on details

provided at the time of registering for the auction.

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

1. Cheque/Demand Draft

2. RTGS/NEFT

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

For USD payments

1. Cheque

2. Direct wire transfer

3. 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.

6.7 The winning bidder shall pay the sale price and Buyer's

Premium in full (including the applicable taxes and

other charges, if any) within 7 (seven) business days

from the date of invoice. Subject to paragraph 6.4

above, no shipment or delivery of the

Lot

will be made

to the winning bidder if the sale price and Buyer's

Premium (including the 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, and until the

ownership along with registration of the

Lot

has not

been transferred from

to the winning bidder (in

case of

Lots

which are

Antiquities

, such transfer being

in accordance with the provisions of the

Antiquities

Act

and the

Rules

). Payments will not be accepted

from any parties other than the winning bidder as

recorded on the invoice.

6.8 The winning bidder acknowledges that

will abide

by any export restrictions that may apply in the

countries fromwhere specific

Lots

will be shipped. The

winning bidder shall also be responsible to ensure that

the

Lot(s)

are freely importable into his/her country

or to the country where the destination for delivery

(as specified by the winning bidder) is located. If the

winning bidder or

become aware of any restrictions

to such import subsequent to the completion of the

auction, the winning bidder shall provide an alternate

delivery destination to

. All costs associated with the

process of delivery and storage (when required) of the

Lot

shall be borne by the winning bidder. The

Lot(s)

shall be handed over to the winning bidder or his/her

nominee only upon full payment of all such costs.

6.9

Lots

marked as "Art Treasures" and/or "

Antiquities

under the

Antiquities Act

and

Rules

cannot be

exported outside India, notwithstanding that the

payment in lieu of such

Lots

may be received from the

winning bidder inUSD. If you are the successful bidder for

any such

Lot

, you agree not to export such

Lot

outside

of India. Each winning bidder is solely responsible for

meeting the requirements of the

Antiquities Act

and

Rules

, or any related state legislation. Please note that the

Lots

are marked for your convenience only, and

not accept any liability for errors or for failing to mark the

Lots

6.10 Non payment: In case payments are not received

within 7 business days of each invoice,

shall treat

the same as a breach of contract of sale by the winning

bidder, and the seller may, in such an event, authorise

to take any steps (including the institution of legal

proceedings), as it may deem to be appropriate to

enforce payment by the winning bidder. In addition,

the winning bidder will be charged demurrage at 1% of

the total value (winning bid plus

Buyer’s Premium

) or

INR 10,000 per month, whichever is higher, till the date

of actual payment.

6.11 With respect to

Lots

which are

Antiquities

, pursuant

to the ownership along with registration of the

Antiquity

being transferred from

to the winning

bidder in accordance with the provisions of the

Antiquities Act

and

Rules

, if the winning bidder

informs

that the winning bidder wishes to collect

the

Antiquity

from

in person and such

Antiquity

is not collected by the winning bidder within 30 days of

the registration formalities being completed,

shall

arrange for storage of the

Antiquity

at the winning

bidder's expense, and shall only release the

Antiquity

after payment has been made, in full, of the sale price

and

Buyer’s Premium

, including storage and insurance

at applicable rates.

6.12

shall be entitled to exercise a lien on the

Lot

for

payment of any sums due to

from the winning

bidder, including the sale price,

Buyer’s Premium

costs relating to storage and insurance where they are

to be borne by the winning bidder, in relation to any

Lot

purchased by the winning bidder.

7. Authenticity Guarantee

7.1

provide a limited guarantee on the authenticity of

the

Lots

for a period of one year from the date of the

auction of such

Lots

only guarantee, subject to

the qualifications below, the information mentioned in

all capital letters in the title heading of the

Lot

in the

Auction Catalogue

do not guarantee any other

attribute of such

Lot

even if such other attribute is in all

capital letters.

7.2 The authenticity guarantee does not apply to title

heading or part of a title heading which is qualified.

A title heading is qualified when it is limited by a

clarification or limitation in all capital letters in the title

heading of the

Lot

in the

Auction Catalogue

7.3 The authenticity guarantee does not apply if the title

heading of the

Lot

in the

Auction Catalogue

, as on

the date of auction or as amended by any saleroom

notice, either is in accordance with the generally

accepted opinion of experts, or indicates that there is a

conflict of opinion of such experts.

7.4 The authenticity guarantee does not apply if it is

proved that the title heading of the

Lot

in all capital

letters in the

Auction Catalogue

, is not authentic only

by scientific means or processes which, on the date

published the

Auction Catalogue

, was not generally

available or accepted, or which was unreasonably

expensive or impractical to use, or which was likely to

have caused damage to the

Lot

, or which was likely to

have caused loss of value to the

Lot

7.5 In the unlikely event that within one year from the sale

of the

Lot

through auction, it is proved by the winning

bidder, to

Our

reasonable satisfaction, that the

Lot

was

not authentic and if, in

Our

opinion, bidders being aware

of such error or omission would have bid significantly

less than the actual sale price,

shall be entitled to