Overview
A Saffronart Live Auction combines room bidding with online and phone bidding, and is very different from our online-only auctions.
Although Saffronart Live Auctions will offer the facility to bid online, here are the major points of difference:
ò Bidding on each lot will be opened and closed in sequential order by the auctioneer. There are no lot closing groups or times.
ò Online bidders will be able to view a video of the auctioneer in the auction room (as pictured above), along with a list of lots, and the current bid on each lot as it is auctioned
ò Online bids will be accepted at the discretion of the auctioneer, just as bids in the room are
ò Online bidders will not be able to place proxy bids during the auction
Step 1: Register to Bid
a) Register online - Get a Saffronart Login ID. When the auction catalogue is available online, pre-register for the auction. This must be done before every auction, even if you already have a Saffronart Login ID. Once you have pre-registered for the auction and accepted SaffronartÆs Conditions for Sale online, a Saffronart representative will get in touch via telephone or e-mail for additional information and documentation as necessary.
b) Register on the day of the auction: You can also register up to an hour prior to the start of the auction at the registration desk in the saleroom. Bidders must have a proof of identity and address. We may also require credit card authorisation, bank details such as a recent bank statements and/or a letter of reference from your bank, and/or trade references to grant bidding access.
c) Submitting Absentee/Proxy Bids before the Auction:
Bids may be placed online or by filling the absentee/proxy bid form, once the catalogue is live. An absentee/proxy bid indicates a maximum bid amount and authorises the Saffronart auctioneer or representative to place bids on the bidder's behalf up to the level necessary, or up to the maximum specified, whichever is lower, to win the lot.
To place an absentee/proxy bid online, hit the ôPlace Advance Bidö button next to the lot you wish to bid on, and enter the proxy amount. Saffronart shall not be responsible for any delay or failure to record such bids. To submit bids in writing, fill in the absentee/proxy bid form (available online) and fax to +91 (0) 22 2432 1187 prior to the start of the auction.
NOTE: Absentee/proxy bids submitted online will be accepted up to 5:00 p.m. on the day of the auction. Please contact a Saffronart representative to place bids after this deadline.
Bidding access will be granted at SaffronartÆs discretion, once all the necessary information and documents have been provided.
Step 2: Place a Bid
Once bidding access is granted, on the day of the auction you have a few options to bid:
a) 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.
b) Bidding Online: Online bidders may place a bid by clicking on the ôBid Nowö button when your lot of interest is open for bidding.
Please use latest versions of Chrome/Internet Explorer/Safari web browsers on Windows PC and Macintosh platforms to view the Saleroom page and bid online. An internet connection with a minimum bandwidth of 1Mbps is required and 2 Mbps is recommended to watch the real time live video of the auction room. Please close all non-essential browser windows and tabs for the best Online Saleroom experience.
c) Advance Online Proxy Bids: Bidders can place a proxy bid online well in advance of the auction, once the catalogue is live. A proxy bid indicates a maximum bid amount, and authorises the Saffronart auctioneer to place bids on your behalf. To place a proxy bid online, hit the ôPlace Advance Bidö button next to the lot you wish to bid on, and enter the proxy amount. Saffronart shall not be responsible for any delay or failure to record a proxy bid.
Saffronart will stop accepting proxy bids online 12 hours prior to the start of the auction
d) Telephone Bidding: You may also bid via the telephone by contacting any of the Saffronart locations in the Sale Guide. The number of telephone lines available for telephone bidding is limited; interested bidders are urged to register at least a day before the auction.
e) Written bid: You can also place written bids by faxing the written bid form (available online) to +91 (0) 22 2432 1187 prior to the start of the auction. A written bid indicates a maximum bid amount, and authorizes the Saffronart auctioneer to place bids on your behalf up to the level necessary, or up to the maximum specified, whichever is lower, to win the lot.
Step 3: Invoicing, Payment and Shipping
Successful bidders will be emailed invoices against their purchases, and payment may be made as per the Sale Guide. Upon receiving the payment in full and completion of the necessary formalities, the lots will be shipped to the winning bidder at the address mentioned on the invoice.
Contact Us
Learn more about Saffronart Contact Us at our office in Mumbai, Delhi, New York or London
Subscribe to receive information about our upcoming auctions and events
Quick FAQs
What is the BuyerÆs Premium? Auction houses charge the buyer a premium on the winning bid value known as a BuyerÆs Premium.
Learn more about how Saffronart calculates its BuyerÆs Premium What is a reserve price? The reserve price of each lot is the minimum price that it may be sold for. No lot will be sold below its reserve price. The lots in our Absolute auctions do not have reserve prices.
Read more.
Can I include works I own in a Saffronart auction? If you are interested in consigning works from your collection to any of our
next auctions , please contact us at
[email protected] or call the auction help desk at +91 (0) 22 2432 2898.
Where can I get the printed auction catalogue? Send us an email at
[email protected] with your mailing address, and we will be happy to send you a copy of the print catalogue, if it is available.
For further information see:
About the Auction