How do I view the lots?
All lots for sale are featured in this 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 on the
Sales and Enquiries section of the printed catalogue
(ii) The online auction catalogue available on saffronart.com
(iii) The printed auction catalogue
(iv) The mobile auction catalogue available for download on your mobile device
What do you mean by 'Condition of Lots'?
All lots will be shipped out in an 'as is' condition, meaning that the
item is sold with all existing faults and imperfections. Saffronart encourages all
potential buyers to inspect each item carefully before bidding and to not rely on
an illustration of any item given in the catalogue. Condition reports for all lots
are available as a free service, online or upon request by email, fax, or telephone.
What are special lots?
Lots marked as "Art Treasures" and/or "Antiquities" under the Antiquities and Art
Treasures Act, 1972 cannot be exported outside India. Buyers are solely responsible
for meeting the requirements of the Antiquities and Art Treasures Act, 1972 or any
related state legislation.
What are Price Estimates?
Each lot has a price range listed. These estimates are based on characteristics
of the lot such as condition, quality, rarity, provenance. These estimates are provided
only as a guide for buyers and do not include applicable taxes. If applicable there is a
link for pricing achieved for similar art works at auction available next to the lot in
the online catalogue. Price estimates may be subject to revision.
What is a Reserve Price?
Unless stated otherwise, all lots offered in the auction are subject to a reserve
price, which is the minimum price that the lot may be sold for. No lot will be sold
below its reserve price and the reserve price will not exceed the low price estimate.
Reserve prices are confidential and will not be disclosed.
How do I register to bid?
Bidders are advised to register at least 24 hours in advance of the sale. Bidders
may choose to register online or send in their details to Saffronart and we will
process the details for you. Saffronart requires the following details from a first
time bidder to register and process an approval to bid:
(i) Name
(ii) Address
(iii) Telephone Number
(iv) Email Address
(v) Know Your Customer (KYC) documents
(vi) Credit card information/financial references/deposits
In some cases, Saffronart may request for a bidding limit value which is a per lot limit based
on your current bid value.
If you have bid or been approved to bid with us before, please use your Saffronart
login and password to accept the conditions for sale online. Collecting a paddle
in a live auction also implies an acceptance of the conditions for sale. Please
note the invoicing details provided at the time of registration cannot be changed
after the sale.
How do I Bid?
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 open 30 minutes prior to the sale.
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 the auctioneer, it will be recorded.
Bidding on the Phone: Saffronart accepts requests from bidders to place bids on
the phone with our staff depending on availability. To avail of this service, you
must be registered as a bidder. Please note that the number of telephone lines available
for telephone bidding may be limited and this facility is provided at Saffronart's
discretion.
Bidding on the Mobile: Bidders may download a software application from Saffronart
onto their eligible mobile device and use it to place bids during the sale. To avail
of this service, you must be registered as a bidder.
Absentee/Proxy Bids: Bidders may place bids prior to the sale either online or in
writing by submitting the absentee/proxy bid form. See the Absentee/Proxy Bid Form
available at the back of the printed catalogue, or on the website. Absentee/proxy
bids shall be accepted up to a certain time prior to the sale which will be listed
online.
What are bid increments?
Any new bid must be greater than the current highest bid by a minimum increment.
The next valid bid amount is the current highest bid plus the minimum increment
value. The auctioneer may vary the increments during the course of the auction at
his or her discretion. Online bids however, are accepted only at the next valid
bid based on the minimum increment. Please refer to the bid increments printed at
the back of the catalogue (on the reverse of the Absentee/Proxy Bid Form).
Can a bid be cancelled?
No bid may be cancelled by a bidder. Saffronart reserves the right to cancel a bid
at its discretion if it considers it necessary to do so.
What is the currency of bidding?
In a live auction in India, the currency of bidding is INR. However, buyers with
an invoicing address outside India are invoiced in USD at the exchange rate fixed
for the sale. Please see the exchange rate section in our
Conditions for Sale online.
What is an Opening/Start Bid?
The opening/start bid is the value at which the auction house starts the bidding
on a particular lot.
When does a lot sell?
The fall of the auctioneer's gavel shall mark the close of bidding on each
lot. The final bid announced by the auctioneer is considered a winning bid in the
sale, if the auctioneer announces the lot as sold.
How will I be invoiced?
If you win a bid, you will be sent an email after the close of the auction, containing
an invoice for the winning bid plus additional charges (shipping, handling, duties
and taxes as applicable) and the Buyer's Premium plus GST at applicable rates.
The invoicing details provided at the time of registration will be used to raise
the invoice and no changes will be accepted after the sale.
You may review acceptable modes of payment described in the section below. If you
are the winning bidder, you are legally bound to purchase the item from Saffronart.
Please note that purchases will not be shipped out until payment has been received
and cleared.
What are additional charges?
All post-sales expenses, including packing, insurance, shipping or handling charges,
are borne by the buyer. Shipping will be charged on courier rates and are determined
by the value, origin and destination of the package. Local deliveries will be charged
at actuals.
You may choose to make your own arrangements for shipping and handling. However,
all documentation requirements must be complied with. Please contact us for further
details.
What are the Duties and Taxes applicable on my purchase?
All duties and taxes applicable shall be borne by the buyer and will depend on the
value, origin and destination of the package.
(i) Deliveries in India for lots originating in India
Any sale of lots originating from India to an address in India is subject to a GST
at applicable rates on the winning bid value and an 18% GST on the Buyer's
Premium. The final charges will be determined at the close of the auction and will
be sent by email to the winning bidder.
(ii) International shipments for lots originating in India
For lots originating from India, an 18% GST on the Buyer's Premium is applicable.
There may be duties and taxes levied depending on the delivery destination which
typically will be on the total of the winning bid and shipping and handling values.
Depending on the shipping address, these duties and taxes vary according to customs
regulations in the destination country. Any shipments to EU countries will be charged
an additional VAT as applicable. Please contact Saffronart for further details.
For imports, the terms of sale are Delivered Duty Unpaid (DDU). It is the Buyer's
responsibility to pay all international duties, customs charges, taxes and tariffs
to the respective authorities. Normally, the couriers we contract will pay import
duties on behalf of the buyer and get reimbursed at the time of delivery.
(iii) Shipments and Deliveries for Lots originating outside India (lots marked with
the symbol
)
These lots have been imported into India, and in order to remove the lots from a
Free Trade Warehousing Zone and into Indian free circulation for deliveries within
India, a customs duty at 10.3% will be added to the hammer price. The applicable
GST as mentioned above will be charged on the amount inclusive of the hammer price
and the duty.
In the event that the lot is to be shipped internationally, additional charges for
international shipments mentioned in the above section shall apply.
An 18% GST on the Buyer's Premium is applicable on these lots.
Please Note: Lots may require permits for import or be subject to import restrictions
to certain countries. Potential buyers are advised to check import regulations prior
to making a bid decision.
How do I make payment?
Buyers will be required to complete payment within a period of 7 business days from
the receipt of the invoice via email. If you have not 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 in Mumbai.
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 10.3% will be added to the hammer price. The applicable GST 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