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and absolute discretion.
We
do not accept any
liability in the unlikely event that a telephone
bid is not executed or executed incorrectly, or
in the event of faulty telephone connections
or the bidder not being reachable.
4.5 Bidding on the Mobile Application: Bidders
may download
Our
software application onto
their eligible mobile device and use it to
place bids during the auction. To avail of this
service, you must be registered as a bidder in
accordance with paragraph 3 above.
We
do
not accept any liability in the unlikely event
that a mobile bid is not executed or executed
incorrectly.
4.6 Absentee/Proxy Bids: Bidders may place bids
prior to the sale either online or in writing
by submitting the absentee/proxy bid form.
Absentee/proxy bids may be accepted or
refused at
Our
sole and absolute discretion.
4.7 Currency of Bidding: All bids may only be
placed in Indian Rupees (INR). The foreign
currency exchange rate used on
Our
website
for invoicing of non-India based bidders in
United States Dollars (USD), and for all other
auction-related purposes, has currently been
set at 1:64 (USD:INR), and will be constant
during the auction. Before the start of the
auction,
We
may, at
Our
sole and absolute
discretion, change the exchange rate used,
based on fluctuations in market exchange
rates. The estimates for individual properties
have been ‘rounded off’ for ease of reference
and may not reflect the exact exchange rate
used for bid calculations.
4.8
Technical Downtime
: In the unlikely event
that
Our
website or mobile application is
inaccessible to bidders or partially disabled
due to
Technical Downtime
at any time, the
auction will continue in the saleroom, unless
specifically discontinued at
Our
sole and
absolute discretion. Bidders may contact
Us
during such
Technical Downtime
to bid by
telephone, subject to availability.
We
accept
no liability for any
Technical Downtime
.
Online or mobile bids recorded prior to or
after any
Technical Downtime
may 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
.
Any determination made by
Us
in respect of
recording of bids shall be final.
4.9 Mobile and Internet Networks: Due to the
nature of mobile and internet traffic, there
may be an unpredictable time-lag between
a bidder placing a bid, and that bid being
received by
Us
.
We
accept no liability for
such time lags owing to mobile and internet
networks.
4.10 Bidders are advised to keep their login ID,
password and paddle secure at all times.
We
will hold the bidder responsible for all bids
placed by using their paddle or login ID and
password, whether via
Our
website, through
the mobile device or in the sale room.
4.11
Our
auctioneer may place bids on behalf of
sellers either by placing consecutive bids or
by placing bids in response to other bidders,
provided such bids are less than the
Reserve
Price
.
Our
auctioneer will not place bids on
behalf of the seller for
Lots
that are offered
with no
Reserve Price
.
4.12 At the discretion of
Our
auctioneer, proxy
bids submitted on “no reserve”
Lots
will be
executed at a minimum of 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.
4.13
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 bid in
charity auctions that are held on
Our
auction
platform.
4.14 Sellers are not allowed to bid on the particular
Lot(s)
they have consigned otherwise than as
permitted under these conditions for sale.
4.15 A currency converter may be in operation in
the saleroom for the convenience of bidders.
We
accept no liability for any malfunction in
the currency converter.
3. Viewing the Lots and Bidder Registration
3.1 All
Lots
for sale are featured in the
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) previews and viewings – details listed in
the Sales and Enquiries section;
(ii) the online
Auction Catalogue
;
(iii) the printed
Auction Catalogue
; and
(iv) the mobile
Auction Catalogue
.
3.2
We
may withdraw any property before, during,
or after the auction, if
We
have reasons to
believe that the authenticity of the property or
the accuracy of the description of the property
is in doubt, or if there is a breach of
Our
terms
of business, or if
We
otherwise believe, in
Our
sole discretion, that it would be improper to
include the property in the auction.
3.3 All properties shall be sold subject to the
Reserve Price
. If the winning bid is below
the
Reserve Price
, the property shall be
considered unsold. The
Reserve Price
on each
property shall be confidential and
We
shall
have no obligation to disclose the same to any
bidder.
3.4
We
have the sole and absolute discretion
to (i) provide bidding access, whether in the
saleroom, online, via telephone or through an
absentee/proxy bid; (ii) provide entry to the
auction room and assign paddles; (iii) disallow
bidders from entering into the auction room
or from bidding; and (iv) ask bidders to
surrender paddles at any time.
3.5
We
may set limits on the value of bids that may
be made by a bidder and/or require payment
guarantees or deposits as a precondition to
giving bidding access to a bidder. Bidders
will be informed of their bidding limit, if any,
and will not be allowed to bid further if their
bidding limit has been exhausted.
3.6 All bidders are required to provide complete
and accurate invoicing details to
Us
at the
time of registration for the auction. Invoicing
details, once registered, will not be changed.
Winning bidders shall be invoiced based on
details provided at the time of registering for
the auction.
3.7 New bidders are advised to register at
least 48 hours prior to the bid. Know-Your-
Customer (KYC) documents and/or financial
reference letters are required for individual
and corporate clients and
We
will not grant
bidding access if the bidder registration and
KYC procedures are not complete.
4. Bidding
4.1
Our
auctioneer will accept bids from the
bidding room, from telephone bidders, from
online/mobile bidders, and absentee/proxy
bids submitted in advance of the auction,
either online or through a written form.
Our
auctioneer has complete discretion on
whether to accept an online/mobile bid, a
room bid, a telephone bid or an absentee/
proxy bid at any given time. Bids once placed
by a bidder may not be cancelled.
We
reserve
the right to reject, accept and/or cancel a bid
at
Our
sole and absolute discretion.
4.2 Bidding in the Room: All approved bidders,
including those who have registered online,
will be handed a paddle to bid in the auction.
Please bring a proof of identity to collect your
paddle. Registrations will be made open 30
minutes prior to bidding.
4.3 Bidding Online: Bidders may view and hear
the auction on their PC or Mac with
Our
real-
time online video feed from the auction room.
Online bidders may place a bid by clicking on
the “Bid Now” button when their
Lot
of interest
is open for bidding. If their bid is accepted by
Our
auctioneer, it will be recorded.
We
do
not accept any liability in the unlikely event
that an online bid is not executed or executed
incorrectly.
4.4 Bidding on the Telephone:
We
accept requests
from bidders to place bids on the telephone
with
Our
staff depending on availability. To
avail of this service, you must be registered as
a bidder in accordance with paragraph 3 above.
Please note that the number of telephone
lines available for telephone bidding may be
limited and this facility is provided at
Our
sole