148-149 / 160
149
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.
1. I agree and consent to paying the Buyer's Premium calculated at the rate of 20% of the winning bid value on each lot up to
and including USD 1,000,000; 15% of the winning bid value in excess of USD 1,000,000 up to and including USD 1,600,000;
and 12% of the Winning Bid in excess of USD 1,600,000. All applicable duties and taxes, and shipping and handling charges
shall be borne by me.
2. I understand that if Saffronart receives identical absentee/proxy Bids, and if these Bids are the highest for the Lot, Saffronart will
sell the Lot to the Bidder whose Bid it received and accepted first.
3. 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 pre
viously registered with
saffronart.com,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.
INR increments are subject to change depending on the exchange rate for the auction.
Below $5001
• By $100 up to $1,000
• By $150 up to $2,500
• By $250 up to $5,000
$5,001 ‒ $10,000
•
By $500 up to $7,5000
• By $750 up to $10,000
$10,001 ‒ $50,000
•
By $1,000 up to $15,000
• By $1,500 up to $25,000
• By $2,500 up to $50,000
$50,001 ‒ $100,000
•
By $5,000 up to $75,000
• By $7,500 up to $100,000
$100,001 ‒ $500,000
•
By $10,000 up to $150,000
• By $15,000 up to $200,000
• By $20,000 up to $250,000
• By $25,000 up to $500,000
$500,001 ‒ $1,000,000
•
By $50,000 up to $750,000
• By $75,000 up to $1,000,000
$1,000,001 ‒ $5,000,000
•
By $100,000 up to $2,000,000
• By $150,000 up to $3,000,000
• By $200,000 up to $4,000,000
• By $250,000 up to $5,000,000
INDEX
148