Buying at AstaGuru

Estimates
  • Estimates are based on an average market value of the lot.
  • These are provided only as a guide for buyers.
  • Buyers should not rely on estimates as a prediction of actual price.
  • Estimates do not include Buyers Premium.
Reserves
  • The Reserve price is the minimum price at which the lot shall be sold.
  • The reserve price is confidential and will not be disclosed.
Buyers Premium
  • There will be a 15% buyers premium calculated on the hammer price at the close of the auction.
  • For all lots taxes are payable on the buyers premium at the applicable rate, included in the invoice.

Bidding

Pre -Registration and Verification.
  • Prospective buyers should be registered and verified in order to bid.
  • If you have already registered before, you will still need to pre- register and accept the terms and conditions for the sale. (Use your previous login Id)
  • Fill the form online in order to pre-register, or call AstaGuru
  • Once you have pre- registered a representative will call you to verify your details.
  • If the representative cannot reach you and email will be sent.
  • Please note that if this process has not taken place you shall not be given bidding access.
  • All registrations should take place 24 hours before the auction.
  • Once you are accepted you shall receive an email confirming your bidding access along with your Login Id and password.
Absentee Bids
  • You may place an absentee bid, by faxing the written bid form available online and in the printed catalogue.
  • All bids must come in 24 hours before the auction.
Opening Bid
  • Opening Bid is the value at which the auction house starts the bidding of each lot.
  • Opening bid is 20% lower than value of the lower estimate.
Bidding Online
  • Once you have identified the lot that you would like to bid on, click on "Bid Now" confirm your bid at the value listed.
  • This is where you participate in the bidding process, by entering the next valid bid each time you are out-bid.
  • The next valid bid will be a 10% increment in value of the last valid bid.
  • All lots have bid history available to be viewed.
Bid Increments
  • All bids will have an increment of 10% of the current valid bid
Personalized Bid Notifications
  • By clicking on 'My Bid Summary', which is your personalized bid page, you may choose how frequently you would like to be notified of a change on your bid status.
Bid History
  • Bid history indicates the value recorded for each lot since the start of the auction
  • Bid History will not be displayed once the auction has closed.
Currency of Bidding
  • Bids can be placed in US Dollars (USD) or Indian Rupees (INR).
  • Buyers in India must pay for their purchase in INR and all other buyers must pay in USD
Paintings Located Overseas
  • Lot Numbers 41 are located overseas
  • The above paintings will be paid for in US $ only
  • Buyers in India who win the bid on these paintings will have to pay 15% import duty on final price to the Indian Government upon import of these works
  • AstaGuru.com can assist Buyers with packing and shipping of works to India and any other location in the word
  • AstaGuru.com will use the service of Universal Shippers for shipping and packing of these lots.
  • Shipping, packing and insurance charges will be extra depending on where the lot needs to be shipped.
  • All Terms and Conditions regarding these lots are governed by the regulations of the Government of India
Closing and Winning Bid
  • Winning bid is the last and highest bid at which the lot has closed.
  • No new bids can be placed after the close of a lot.
  • The closing bid is considered the winning bid only if the bid exceeds the reserve price.
  • All winning bids shall be posted on the website after the close of the auction.
Bid Cancellation
  • Once any bid has been places, it cannot be cancelled. AstaGuru reserved the rights to cancel any bids in order to protect the efficacy of the bidding process.
Buyers Premium
  • In addition to the hammer price, the buyer agrees to pay to us the buyers premium calculated at 15% of the winning bid value on each lot.
  • Service tax on the buyers premium shall be applicable for paintings purchased within India.
After the Sale
  • If you have won a lot you shall be informed via email after the auction has closed.
  • You shall there after receive an email with the invoice stating buyers premium along with related taxes.
  • If you are the winning bidder, you are legally bound to purchase the item from AstaGuru. Please note that purchases will not be shipped out until full payment has been received and cleared.
Invoicing
  • All details for the invoice are to be provided prior to the auction.
  • After the sale, the Buyer as invoiced is required to pay the amounts in full (including the additional charges).
  • No lots shall be sent without payment made in full.
Shipping and Insurance
  • Price estimates do not include any packing, insurance, shipping or handling charges, all of which will be borne by the buyer.
  • Shipping will be charged on courier rates and are determined by the size, weight and destination of the package.
Duties & Taxes
  • All duties and taxes shall be borne by the buyer. Sale in India
  • All sales in India shall attract 12.5% VAT on the winning bid and 10.3% service tax on the buyers premium International sales
  • There shall be no VAT and Service tax in International sales
Payment
  • Buyers will be required to complete payment within a period of 7 business days from the receipt of the invoice via email.
Delivery / collection of purchase

Works will be shipped within 7 days of the payment being cleared. Buyers may choose to collect their purchase from AstaGuru in Mumbai within 7 days from the date of the sale.

Buyers who have completed payment formalities and have not taken delivery of their art works from AstaGuru within 30 days of the completion of payment formalities will be charged demurrage @ 2% per month on the value of the artworks.

Participate in our next auction

If you are interested in consigning works from your collection to our next sale, please contact us at contact@astaguru.com or at the auction help desk +91 22 22075232

If you would like to stay informed of AstaGuru's upcoming events, please register with us online