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CONDITIONS FOR SALE
These conditions for sale set out the terms on which
We
offer the
Lots
listed in this catalogue for sale on
behalf of the seller, and if you make a successful
bid, will form a contract for sale between you and
the seller.
By participating in this auction, you acknowledge
that you are bound by these conditions for sale as
listed below and on
Our
website
saffronart.com.
You will find a glossary at the end explaining the
meanings of the words and expressions which have
been capitalised.
1. Our role as the agent of the Seller:
1.1
We
undertake to sell properties through
this auction as agents for and on behalf of
sellers. Unless stated otherwise,
We
have
no ownership interest or any other financial
interest in any of the
Lots
.
1.2 Making a bid by raising one’s hand or
paddle in the auction room, submitting an
absentee/proxy bid, communicating a bid
over the telephone to
Our
representative or
bidding on
Our
website and/or through the
MobileApp
constitutes an irrevocable offer to
purchase a property, and the acceptance of a
bid as the winning bid by
Us
shall result in
an enforceable contract of sale between
Us
,
acting solely as the agent of the seller, and the
winning bidder.
2. Catalogue Descriptions and Condition of
Property
2.1
We
offer all properties for sale at the auction
on an “as is” basis, meaning that each
property is sold with all existing faults and
imperfections.
We
encourage all potential
buyers to inspect each item carefully before
bidding.
2.2 Size description/s of all the
Lots
featured in
the
Auction Catalogue
are approximate.
We
encourage all potential buyers to inspect each
item carefully before bidding.
2.3 Any statements made by
Us
, including by
Our
representatives/employees,
about
any property, whether orally or in writing,
concerning attribution of such property to, for
example, any school of art or craftsmanship,
country or origin, history, provenance or
condition, are only expressions of
Our
opinion
or belief. Such opinions or beliefs have
been formed honestly in accordance with
the standard of care expected of an auction
house, having due regard to the estimated
value of each property.
We
have not carried
out any exhaustive research or analysis on
any property to be sold in this auction, and
potential buyers should seek appropriate
advice on the condition of each property from
their own professional advisors.
2.4 For the convenience of bidders,
We
provide
condition reports on properties upon request
free of charge. The report includes
Our
bona
fide opinion on the condition of the property
and is not an alternative to viewing and
inspecting a
Lot
by a bidder, or a bidder’s duty
to seek independent advice on the property,
including its description, condition and
authenticity.
2.5 The bidders undertake to:
(i) inspect and satisfy themselves prior
to the auction as to the condition and
description of the property;
(ii) rely on their own judgment as to whether
the property matches its description; and
(iii) not rely on an illustration of any property
given in the
Auction Catalogue
.
2.6 Neither
We
nor any of
Our Affiliates
, agents,
representatives, employees or directors shall
be liable for errors or omissions in any of
the representations made in the
Auction
Catalogue
or otherwise, with respect to the
authenticity, description or condition of any
property for sale through this auction.
formalities. Buyers who have completed payment
formalities and have not taken delivery of their lots
from Saffronart within 30 days of the completion of
payment formalities will be charged demurrage at
1% per month on the value of the artworks.
What documentation will I receive with my
purchases?
Upon confirmation of delivery or receipt of shipment,
we will send you the invoices for your purchases
along with any relevant documentation for the lot
that has been mentioned in the lot details. Please
note that Saffronart does not issue any authenticity
certificates and does not provide artist authenticities
either.
What if my shipment reaches damaged?
All purchases from this sale are final. In the unlikely
event of your receiving a damaged product, please
notify Saffronart directly within five days of receipt of
the lot. Please call or email us at any of our locations
mentioned in the Sales and Enquiries section. If
Saffronart does not receive any notification within
7 business days of delivery, it shall be assumed that
the lot has been received in good condition, and no
claims will be entertained.
What are some of the symbols used next to the lots
in auction?
(i) Lots marked with indicate that Saffronart owns
the lot in whole or in part or has an economic
interest in the lot equivalent to an ownership
interest.
(ii) Lots marked with have been imported into
India, and in order to remove the lots from a
Free Trade Warehousing Zone and into Indian
free circulation, a customs duty at 10.3% will be
added to the hammer price. The applicable VAT/
CST will be charged on the amount inclusive of
the hammer price and the duty.
How do I participate in your next auction?
If you would like to register to bid or consign to any
of our upcoming auctions please contact any of our
locations listed in the Sales and Enquiries section.
If you would like to stay informed of Saffronart’s
upcoming events, please register with us online
at
saffronart.com