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received your invoice within 48 hours of the close of the sale, please
contact us.
For Buyers in India
Payment can be made in INR only by the following acceptable
modes of payment:
(i)
Cheque/Demand Draft: To be made in favour of Saffron
Art Private Limited
(ii)
RTGS/NEFT: Details will be included with the invoice and
available upon request
(iii)
Credit card: up to INR equivalent of USD 5,000
For Buyers outside India
Payment can be made in USD only by the following acceptable
modes of payment:
(i)
Cheque: To be made in favour of Saffron Art Private Limited
(ii)
Direct wire transfer: Details will be included with the
invoice and available upon request
(iii) Credit card: up to USD 5,000
(iv)
Payment from an NRE account: The invoice will be raised
in USD based on the winning bid value, and the buyer will
have to transfer an equivalent INR amount at the bank
exchange rate
When will my purchases be delivered/can I collect my purchases?
Purchases shipped out within 10 - 15 business days of the payment being
cleared and are insured under the terms of Saffronart’s insurance policy
(please note that frames are not insured). If there is an expected delay
in dispatch, the buyer will be informed of the delay via email, unless the
buyer has indicated an alternative preferred mode of communication.
Buyers may choose to collect their purchases from the Saffronart office
inMumbai. In such cases, buyers are requested to make an appointment
to collect purchases within 10 - 15 business days of completion of all
payments and documentation 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 11% 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.
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
.
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.
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:
(1)
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.
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.