Page 4 - Modern Indian Art (No Reserve Auction)
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TEAM ASTAGURU

                                                                                                                                                                             Buying at AstaGuru

                                                                                                                                           Estimates                                        Closing and Winning Bid
                                                                                                                                            Estimates are based on an average market value of the lot.   Winning bid is the last and highest bid at which the lot has closed.
                                                                                                                                            These are provided only as a guide for buyers.   No new bids can be placed after the close of a lot.
                                                                                                                                            Buyers should not rely on estimates as a prediction of actual price.   All winning bids shall be posted on the website after the close of the auction.
                                                                                                                                            Estimates do not include Buyer’s Premium.
                                                                                                                                                                                            Bid Cancellation
                                                                                                                                           Reserves                                          Once any bid has been placed, it cannot be cancelled.
                                                                                                                                            The Reserve price is the minimum price at which the lot shall be sold.   AstaGuru reserves the right to cancel any bid in order to protect the efficacy of
                                 VICKRAM SETHI          TUSHAR SETHI         DIGAMBER SETHI                                                 There is no reserve price in this auction, all bids shall open at Rs.20,000/-  the bidding process.
                                                                                                                                            (US$323) and shall be sold at the highest hammer price.
                                   CHAIRMAN                CEO                   COO
                                                                                                                                                                                            Buyer’s Premium
                                                                                                                                           Buyer’s Premium                                   In addition to the hammer price, the buyer agrees to pay AstaGuru the buyers
                                                                                                                                            There will be a 15% buyer’s premium calculated on the hammer price at the  premium calculated at 15% of the winning bid value (hammer price) on each
                                                     SPECIALISTS                                                                            close of the auction.                            lot.
                                                                                                                                            For all lots taxes are payable on the buyer’s premium at the applicable rate,   Service tax on the buyer’s premium shall be applicable for paintings
                                                                                                                                            included in the invoice.                         purchased within India.
                                                     CLIENT RELATIONS
                                                                                                                                           Bidding                                          After the Sale
                                                                                                                                           Pre –Registration and Verification.               If you have won a lot you shall be informed via email after the auction has
                                                                                                                                                                                             closed.
                                                                                                                                            Prospective buyers should be registered and verified in order to bid.
                                                                                                                                                                                             You shall there after receive an email with the invoice stating buyers premium
                                                                                                                                            If you have registered before, you will still need to pre-register and accept the
                                                                                                                                                                                             along with the related taxes.
                                                                                                                                            terms and conditions for the sale. (Use your previous login Id)   If you are the winning bidder, you are legally bound to purchase the item from
                                                                                                                                            Fill the form online in order to pre-register, or call AstaGuru
                                                                                                                                                                                             AstaGuru. Please note, that purchases will not be shipped out until full
                                                                                                                                            Once you have pre-registered a representative will call you to verify your  payment has been received and cleared.
                                                                                                                                            details.
                                                                                                                                            If the representative cannot reach you, an email will be sent.  Invoicing
                     SNEHA K GAUTAM      SUNNY CHANDIRAMANI       ANKITA TALREJA        VINEETA JAISWAL                                     Please note that if this process has not taken place you shall not be given   All details for the invoice are to be provided prior to the auction.
                    sneha@astaguru.com     sunny@astaguru.com    ankita@astaguru.com   vineeta@astaguru.com                                 bidding access.                                  After the sale, the Buyer as invoiced is required to pay the amounts in full
                                                                                                                                                                                             (including the additional charges).
                                                                                                                                            In case AstaGuru feels that it has not been provided with satisfactory
                                                                                                                                            information to give access for bidding, it will request a deposit of INR   No lot shall be sent without payment being made in full.
                               CLIENT RELATIONS                     STRATEGY            ADMINISTRATOR
                                                                                                                                            500,000 or the US$ equivalent in order to give bidding access.
                                                                                                                                            AstaGuru.com reserves the right to give bidding access and can refuse  Shipping and Insurance
                                                                                                                                            bidding access as well.                          Price estimates do not include any packing, insurance, shipping or handling
                                                                                                                                                                                             charges, all of which will be borne by the buyer.
                                                                                                                                            All registrations should take place 24 hours before the auction.
                                                                                                                                                                                             Shipping will be charged on courier rates and are determined by the size,
                                                                                                                                            Once you are accepted you shall receive an email confirming your bidding
                                                                                                                                            access along with your Login Id and password.    weight and destination of the package.
                                                                                                                                           Absentee Bids                                    Duties & Taxes
                                                                                                                                            You may place an absentee bid, by faxing the written bid form available online   All duties and taxes shall be borne by the buyer.
                                                                                                                                            and in the printed catalogue. Absentee bids can be also placed online.
                                                                                                                                                                                            Sale in India
                                                                                                                                            All bids must come in 24 hours before the auction.
                      RAZIA PARVEEN        TAHMINA LAKHANI       SIDDANTH SHETTY         ANTHONY DINIZ                                                                                       All sales in India shall attract GST of 12%.
                     razia@astaguru.com   tahmina@astaguru.com  siddanth@theartstrust.com  anthony@astaguru.com                                                                             Goods and Services Tax
                                                                                                                                           Opening Bid
                                                                                                                                            Opening Bid is the value at which the auction house starts the bidding of each lot.   If payment is made after GST is introduced, GST will be applicable on all
                                                                                                                                                                                             purchases at the relevant rate.
                        EDITOR               CONTENT               MARKETING           PUBLIC RELATIONS                                     Opening bid of each lot is Rs. 20,000/- (US$323).
                                                                                                                                                                                            International sales
                                                                                                                                           Bidding Online                                    There shall be no GST on International sales.
                                                                                                                                            Once you have identified the lot that you would like to bid on, click on “Bid
                                                                                                                                            Now” to confirm your bid at the value listed.   Payment
                                                                                                                                                                                             Buyers will be required to complete payment within a period of 7 business
                                                                                                                                            This is where you participate in the bidding process, by entering the next valid
                                                                                                                                            bid each time you are out-bid.                   days from the receipt of the invoice via email.
                                                                                                                                            The next valid bid will be at a 10% increment in value of the last valid bid.   Any delay in payment will be liable for a 2% interest charged per month and a
                                                                                                                                                                                             storage charge of 2% per month.
                                                                                                                                            All lots have bid history available to be viewed.
                                                                                                                                                                                            Delivery / collection of purchase
                                                                                                                                           Bid Increments                                   Works will be shipped within 7 days of the payment being cleared.
                   SIDHANT NAYANGARA      RAKSHANDA HUSSAIN        ABHAY MENON          AARTI AGGARWAL                                      All bids will have an increment of 10% of the current valid bid.  Buyers may choose to collect their purchase from AstaGuru in Mumbai within 7
                 s.nayangara@theartstrust.com  rakshanda@theartstrust.com  abhay@theartstrust.com  aarti@astaguru.com                                                                       days from the date of the sale.
                                                                                                                                           Personalized Bid Notifications
                                                                                                                                            By clicking on 'My Bid Summary', which is your personalized bid page, you  Buyers who have completed payment formalities and have not taken delivery of
                       LOGISTICS             RESEARCH            MARKET ANALYST        HUMAN RESOURCE                                       may choose how frequently you would like to be notified of a change on your  their art works from AstaGuru within 30 days of the completion of payment
                                                                                                                                            bid status.                                     formalities, will be charged demurrage @ 2% per month on the value of the
                                                                                                                                                                                            artworks.
                                                                                                                                           Bid History
                                                                                                                                            Bid historyindicatesthevaluerecordedforeachlotsincethestartoftheauction.  Participate in our next auction
                                                                                                                                                                                            If you are interested in consigning works from your collection to our next sale,
                                                                                                                                            Bid History will not be displayed once the auction has closed.
                                                                                                                                                                                            please contact us at contact@astaguru.com or at the auction help desk
                                                                                                                                                                                            +91 22 2204 8139.
                                                                                                                                           Currency of Bidding
                                                                                                                                            Bids can be placed in US Dollars (USD) or Indian Rupees (INR).  If you would like to stay informed of AstaGuru’s upcoming events, please
                                                                                                                                                                                            register with us online.
                                                                                                                                            Buyers in India must pay for their purchase in INR and all other buyers must
                                                                                                                                            pay in USD.
                      KARTHIK LYNCH        RADHIKA KERKAR         RUPESH KHANAA        SNEHAL PEDNEKAR
                   karthik@theartstrust.com  radhika@theartstrust.com  rupesh@theartstrust.com  snehal@theartstrust.com
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