64-65 / 68
62
1.
I understand that if Saffronart receives identical absentee/proxy Bids, and if these Bids are
the highest on the Lot, Saffronart will sell the Lot to the Bidder whose Bid it received and
accepted first.
2.
I understand that absentee/proxy Bids submitted on “no reserve” Lots will be executed at a
minimum of 10% of the lower estimate (the “Minimum Value”), if there is no competing Bid,
and the absentee/proxy Bid amount is greater than the Minimum Value.
For New Bidders
If you have not previously registered with Saffronart, please create a username on our website. To
participate in this auction, you will have to pre-register with your login details. When contacted by our
representative, please provide a proof of identity and address document, such as a copy of an official
photo identity card (either a PAN Card, National Identity Card, Passport or Driver’s Licence). Once your
documents are verified, you will be given access to Bid. You may also call our auction helpline at +91
22 2432 2898.
BIDDING INCREMENTS
Bidding begins below the lower estimate, and increases in steps, or increments. The next valid bid is based
on the increments listed below.
If bidders enter a proxy bid online, the next bid is placed at the minimum incremental value.
All bids for this sale will be accepted in INR. Equivalent currency values displayed on our website
are for your convenience.
The auctioneer may vary the increments during the course of the auction at his or her discretion.
For overseas bidders participating in this auction, please refer to our Conditions for Sale.
INR 10,000 – 20,000
by INR 1,000
INR 20,000 – INR 50,000
by INR 2,000, 5,000, 8,000
(e.g. INR 22,000, 25,000, 28,000)
INR 50,000 – INR 1,00,000
by INR 5,000
INR 1,00,000 – INR 2,00,000
by INR 10,000
INR 2,00,000 – INR 5,00,000
by INR 20,000, 50,000, 80,000
(e.g. INR 2,20,000, 2,50,000, 2,80,000)
INR 5,00,000 – INR 10,00,000
by INR 50,000
INR 10,00,000 – INR 20,00,000
by INR 1,00,000
INR 20,00,000 – INR 50,00,000
by INR 2,00,000, 5,00,000, 8,00,000
(e.g. INR 22,00,000, 25,00,000, 28,00,000)
INR 50,00,000 – INR 1,00,00,000
by INR 5,00,000
INR 1,00,00,000 – INR 2,00,00,000
by INR 10,00,000
INR 2,00,00,000 – INR 5,00,00,000
by INR 20,00,000, 50,00,000, 80,00,000
(e.g. INR 2,20,00,000, 2,50,00,000, 2,80,00,000)
INR 5,00,00,000 – INR 10,00,00,000
by INR 50,00,000
Above INR 10,00,00,000
at auctioneer’s discretion