Page 5 - Modern Indian Art (No Reserve Auction)
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                                                  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.
                                                                  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.
                Bidding                                           After the Sale
                Pre –Registration and Verification.                If you have won a lot you shall be informed via email after the auction has
                 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.
                 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.  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.
                 500,000 or the US$ equivalent in order to give bidding access.
        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%.  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  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
                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 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.
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