Page 7 - Southeast Asian Contemporary Art Auction June 2018
P. 7

TEAM ASTAGURU                               BUYING AT ASTAGURU

               Estimates                                        Currency of Bidding
                Estimates are based on an average market value of the lot.   Bids can be placed in US Dollars (US$) or Indian Rupees (INR).
                These are provided only as a guide for buyers.   Buyers in India must pay for their purchase in INR and all other
                Buyers should not rely on estimates as a prediction of actual price.  buyers must pay in US$.
                Estimates do not include Auction House Margin.
                                                                Closing and Winning Bid
                                                                 Winning bid is the last and highest bid at which the lot has closed.
               Reserves
                                                                 No new bids can be placed after the close of a lot.
                TheReservepriceistheminimumpriceat whichthelotshallbe sold.
                The reserve price is confidential and will not be disclosed.   The closing bid is considered the winning bid only if the bid
                                                                 exceeds the reserve price.
               Auction House Margin                              All winning bids shall be posted on the website after the close of
 VICKRAM SETHI  TUSHAR SETHI  DIGAMBER SETHI   There will be a 15% Margin calculated on the hammer price at the
 CHAIRMAN  CEO  COO                                              the auction.
                close of the auction.
                                                                Bid Cancellation
                For all lots taxes are payable on the final price which includes the
                                                                 Once any bid has been placed, it cannot be cancelled.
                AuctionHouseMarginat theapplicablerate,includedin theinvoice.
 SPECIALISTS                                                     AstaGuru reserves the right to cancel any bid in order to protect
               Bidding                                           the efficacy of the bidding process.
 CLIENT RELATIONS  Pre –Registration and Verification.
                Prospectivebuyersshouldberegisteredandverifiedinorderto bid.  Auction House Margin
                If you have registered before, you do not need to pre-register,   In addition to the hammer price, the buyer agrees to pay AstaGuru
                your bidding account is active (Use your previous Login Id).  the Margin calculated at 15% of the winning bid value (hammer
                                                                 price) on each lot.
                Fill the form online in order to pre-register, or call AstaGuru.
                Once you have pre-registered a representative will call you to verify  After the Sale
                your details.                                    If you have won a lot you shall be informed via email after the
                If the representative cannot reach you, an email will be sent.  auction has closed.
                Please note that if this process has not taken place you shall not   You shall there after receive an email stating hammer price &
                be given bidding access.                         Buyer’s Premium along with the related taxes.
                In case AstaGuru deems that it has not been provided with   If you are the winning bidder, you are legally bound to purchase
 SNEHA K GAUTAM  SUNNY CHANDIRAMANI  RAZIA PARVEEN  TAHMINA LAKHANI  ANKITA TALREJA
 sneha@astaguru.com  sunny@astaguru.com  razia@astaguru.com  tahmina@astaguru.com  ankita@astaguru.com  satisfactory information to give access for bidding, it will request  the item from AstaGuru. Please note, that purchases will not be
                a deposit of INR 5,00,000/- or the US$ equivalent in order to give  shipped out until full payment has been received and cleared.
 STRATEGY  ADMINISTRATOR  EDITOR  CONTENT  RESEARCH  bidding access.  Invoicing
                AstaGuru.com reserves the right to give bidding access and can
                                                                 All details for the invoice are to be provided prior to the auction.
                refuse bidding access as well.
                                                                 After the auction, the buyer as invoiced is required to pay the
                All registrations should take place 24 hours before the auction.
                                                                 amounts in full (including the additional charges).
                Once your registration and verification is completed you shall
                                                                 No lot shall be sent without payment being made in full.
                receive an email confirming your bidding access along with your
                Login Id and password.                          Shipping and Insurance
                                                                 Price estimates do not include any packing, insurance, shipping or
               Absentee Bids
                                                                 handling charges, all of which will be borne by the buyer.
                You may place an absentee bid, by faxing the written bid form
                                                                 Shipping will be charged on courier rates and are determined by
                available online and in the printed catalogue. You may also place
                proxy bids online.                               the size, weight and destination of the package.
 SIDDANTH SHETTY  ANTHONY DINIZ  SIDHANT NAYANGARA  RAKSHANDA HUSSAIN  RADHIKA KERKAR
                All bids must come in 24 hours before the auction.
 siddanth@astaguru.com  anthony@astaguru.com  s.nayangara@theartstrust.com  rakshanda@theartstrust.com  radhika@theartstrust.com  Duties & Taxes
                                                                 All duties and taxes shall be borne by the buyer.
               Opening Bid
 STRATEGY  BUSINESS DEVELOPMENT  MARKET ANALYSTS  LOGISTICS
                OpeningBidisthevalueatwhichtheauctionhousestartsthebidding
                                                                Sale in India
                ofeachlot.                                       All sales in India shall attract GST of 12% .
                Opening bid is 20% lower than value of the lower estimate.
                                                                International sales
               Bidding Online                                    There shall be no GST levied 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
                This is where you participate in the bidding process, by entering   Buyers will be required to complete payment within a period of 7
                                                                 business days from the receipt of the invoice via email.
                the next valid bid each time you are out-bid.
                                                                 Any delay in payment will be liable for a 2% interest charged per
                The next valid bid will be at a 10% increment in value of the last
                                                                 month and a storage charge of 2% per month.
                valid bid. Above Rs. 1,00,00,000/- or equivalent US$ bid
 JEET CHHEDA  SHOHAIB ALI  ADITYA WARANG  RUPESH KHANAA  KARTHIK LYNCH  increment will be at 5%.
 jeet@theartstrust.com  shohaib@theartstrust.com  aditya@theartstrust.com  rupesh@theartstrust.com  karthik@theartstrust.com  Delivery / collection of purchase
                All lots have bid history available to be viewed.
                                                                 Works will be shipped within 7 days of the payment being cleared.
 MARKETING  PUBLIC RELATIONS  HUMAN RESOURCE  Bid Increments     Buyers may choose to collect their purchase from AstaGuru in
                All bids will have an increment of 10% of the current valid bid. Above  Mumbai within 7 days from the date of the sale.
                Rs. 1,00,00,000/- or equivalent US$ bid increment will be at 5%.   Buyers who have completed payment formalities and have not
                                                                 taken delivery of their art works from AstaGuru within 30 days of
               Personalized Bid Notifications
                                                                 the completion of payment formalities, will be charged demurrage
                By clicking on 'My Bid Summary', which is your personalized bid  @ 2% per month onthe value ofthe artworks.
                page, you may choose how frequently you would like to be
                notified of a change on your bid status.        Participate in our next auction
                                                                 If you are interested in consigning works from your collection to
               Bid History
                                                                 our next sale, please contact us at contact@astaguru.com or at
                Bid history indicates the value recorded for each lot since the start
                                                                 the auction help desk +91 22 2204 8139.
                of the auction.
                                                                 If you would like to stay informed of AstaGuru’s upcoming events,
 ABHAY MENON  AARTI AGGARWAL  SNEHAL PEDNEKAR   Bid History will not be displayed once the auction has closed.
 abhay@theartstrust.com  aarti@astaguru.com  snehal@theartstrust.com  please register with us online.
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