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. Viewings - Details listed in the Sales and Enquiries section of
the online catalogue
ii. The online auction catalogue available on saffronart.com
iii. 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. Due to the prevailing
COVID-19 situation, some of the lots for sale may not be available for
viewing or physical inspection. Saffronart encourages all potential buyers
to check the condition report of each lot 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, upon request.
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
Buyer's Premium or 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 lower 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 Saffronart before, please use your Saffronart login
and password to accept the Conditions for Sale online. Please note the
invoicing details provided at the time of registration cannot be changed
after the sale.
How do I bid?
i. Bidding online: Once you have identified the lot that you would like to
bid on, click on "Bid Now" and enter either the bid amount for regular
bidding, or a maximum price for proxy/automatic bidding. Regular bidding is
the method by which you actively participate in the bidding process by
entering the next valid bid (or one of a higher value) each time you are
outbid. Your screen will display the next (minimum) valid bid, based on a
predetermined increment. You may also view the entire bid history prior to
making your decision. After you enter your bid, it is advisable to view the
bid history to verify that your bid has been recorded. Please note that
bidders may be contacted during the auction for bid verification in order
to protect all bidders and maintain the efficacy of the process.
ii. 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 the discretion of Saffronart.
iii. Bidding on the mobile: Bidders may download a software application
from Saffronart onto their iOS or Android mobile device and use it to place
bids during the sale. To avail of this service, you must be registered as a
bidder. Download the app from the iTunes App store and/or the Google Play
store.
iv. 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.
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 at the back of the catalogue (on the reverse of
the Absentee/Proxy Bid Form).
Can a bid be cancelled?
Once the auction has started, bids may not be cancelled by a bidder.
Absentee/proxy bids may be altered prior to the start of the auction.
Absentee/proxy bids placed online may be lowered if the bidder has not
reached their proxy (maximum) value. 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?
Bids may be placed in US Dollars (USD) or Indian Rupees (INR). However,
only buyers in India may pay for their purchases in INR at the close of the
auction. All other buyers must complete payment in USD. Certain lots have
been marked with the sign
. These lots are not situated in India and therefore may only be bid for
and purchased in USD. Persons residing in India wishing to bid in USD must
be eligible under the various foreign exchange regulations to make payments
overseas. Please contact Saffronart for further details. 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. Absentee/proxy bids received before the start
of the auction will be recorded as follows:
i. If the absentee/proxy bid is less than the opening bid value, it will be
recorded and displayed below the opening bid value at the time of the start
of the auction in the bid history for that particular lot.
ii. If the absentee/proxy bid is greater than the opening bid value and is
less than the next valid bid for that lot (based on the minimum
increments), it will be recorded and displayed as the current highest bid
above the opening bid value at the time of the start of the auction in the
bid history for that particular lot. The next valid bid, in this case, will
be greater than the current highest bid by a minimum increment, which
applies to that bid value.
iii. Multiple absentee/proxy bids received on a particular lot before the
start of the auction will be recorded and displayed in the bid history of
the lot according to the values with the highest bid being the current
valid bid at the time of the start of the auction. Absentee/proxy bids
received at the same value will be prioritised based on the time of
receiving the bids and will be shown in the bid history of the lot.
How do I track my bids?
Bidders can keep track of their bids under 'My Bids' on the page "My
Auction Gallery". For ease of tracking bids, bidders are advised to assign
bidding nicknames to themselves when prompted.
The most updated bid values shall be shown only when the page on the
website containing the information on bid values is refreshed, which shall
happen either automatically at regular intervals (indicated at the top of
the page), or when a bidder clicks on the "click to refresh immediately"
link on the page, or on the "refresh" or "reload" button on his/her
internet browser. After the values on the page have been refreshed, any
changes in bid values shall not be visible to the bidder until the values
are refreshed again, either automatically or by the bidder.
We encourage bidders to set absentee/proxy bids for lots they are
interested in well in advance of the closing time for a lot.
When does a lot sell? What are closing and winning bids?
The closing bid for a lot is the highest bid at the time a particular lot's
bidding has ended. No further bids can be made at that point. The closing
bid is considered a winning bid, only if the bid equals or exceeds the
reserve price. If the closing bid on a particular lot is below the reserve
price, it will not be considered a winning bid and the lot will be deemed
unsold. However, if the closing bid belongs to a proxy bidder and is below
the reserve price, but the proxy bidder's maximum bid price exceeds or
equals the reserve price, then the lot will be sold to the proxy bidder at
the reserve price. The winning bids for all sold lots will be posted on the
website after the close of the auction.
Groups of lots are scheduled to close at different times on the last day of
the auction. The bid closing schedule for each auction is listed online,
and at the back of the printed catalogue. Pre-determined groups of lots
will close according to the bid-closing schedule unless a bid is recorded
within a span of 2 minutes prior to the lot's scheduled closing time. In
this case, the lot closing time will be extended to 2 minutes after the
time of the last bid. If this time extension takes place, bidding on any
lot will only end if there is no bid recorded for a continuous period of 2
minutes. Bidders are advised to click on the "click to refresh immediately"
link on the website page being viewed by them, or on the "Refresh" link if
bidding on a mobile at regular intervals for updates on latest bids and
time extensions, if any.
What is Buyer's Premium?
In respect of each sale at the auction, Saffronart shall charge a Buyer's
Premium calculated at 20% of the winning bid value of up to and including
USD 2,000,000; and 15% of the winning bid value in excess of USD 2,000,000.
For lots being shipped from India, a GST (Goods and Services Tax) on the
Buyer's Premium shall be payable by the buyer. This is applicable for
deliveries within India as well as overseas.
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 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 not marked as special lots:
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 are located outside India. Persons residing in India can bid on
and pay for in USD by complying with the appropriate foreign exchange
regulations for making overseas payments. There are import duties
applicable on artworks shipped into India. Please contact Saffronart for
further details.
In the event that the lot is to be shipped internationally, additional
charges for international shipments mentioned in the above section shall
apply.
Please Note: Lots may require permits for import or be subject to import
restrictions in certain countries. Potential buyers are advised to check
import regulations prior to making a bid decision.
How do I make the payment?
Buyers will be required to complete their 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 Pvt. Ltd.
ii. RTGS/NEFT: Details will be included with the invoice and available upon
request
iii. Credit card: Up to the 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 Pvt. Ltd.
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. Please note that while USD payments
are accepted for special lots, we require an Indian address for shipment.
When will my purchases be delivered/can I collect my purchases?
i. For antiquities: Upon receipt of payment from the buyer,
Saffronart will apply to the Archaeological Survey of India (ASI) for
transfer of ownership of the antiquity and we estimate that the process
will take between 60 - 90 days. We will be able to deliver your purchase as
soon as we have completed all formalities with the ASI, and the antiquity
has been transferred to your name.
Purchases are shipped out within 7 - 10 business days after completion of
the ASI transfer 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. Due to the prevailing COVID-19 global health crisis, buyers
can expect a delay in shipping and delivery of the purchased lots.
ii. For non-antiquities: Purchases shipped out within 10 - 15
business days of the payment being cleared 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. Due to the prevailing COVID-19 global health crisis,
buyers can expect a delay in shipping and delivery of the purchased lots.
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 their 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 will be charged storage and insurance at applicable rates.
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 the ASI registration certificate and
any relevant documentation for the lot that has been mentioned in the lot
details. Please note that Saffronart does not issue any authenticity
certificates.
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 5
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 on auction?
i. Lots marked with are not situated in India and therefore, may only be bid
for and purchased in USD. Persons residing in India, wishing to bid in USD,
must be eligible under the various foreign exchange regulations to make
payments overseas. Please contact Saffronart for further details.
ii. Lots marked with 
indicate that Saffronart owns the lot in whole or in part or has an
economic interest in the lot that is equivalent to an ownership interest.
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