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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 INR 10,00,00,000, 15% of the winning Bid value in excess of INR 10,00,00,000 up to and including

INR 15,00,00,000 and 12% of the winning Bid value in excess of INR 15,00,00,000. 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 on 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 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

.

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

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.

INDEX

A A ALMELKAR

K H ARA

SADANAND BAKRE

BIKASH

BHATTACHARJEE

SHANTI DAVE

SIR JACOB EPSTEIN

H A GADE

NANDALAL BOSE

SANKHO CHAUDHURI

N S BENDRE

Lot 41

p. 82

Lot 5

p. 15

Lot 60

p. 118

Lot 34

p. 71

Lot 29

p. 60

Lot 7

p. 17

Lot 55

p. 113

Lot 33

p. 70

Lot 38

p. 76

Lot 9

p. 19

Lot 31

p. 68

Lot 6

p. 16

Lot 43

p. 86

SADANAND BAKRE

Lot 8

p. 18

Lot 52

p. 106

ZARINA HASHMI

Lot 65

p. 123