Page 4 - Astaguru Heirloom Jewellery & Silver Catalogue
P. 4

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$) or Indian Rupees (INR).
                                                                                                                                       These are provided only as a guide for buyers.       Buyers in India must pay for their purchase in INR and all other buyers must
                                                                                                                                                                                           pay in US$.
                                                                                                                                       Buyers should not rely on estimates as a prediction of actual price.
                                                                                                                                       Estimates do not includeAuction House Margin.      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 Reserve price is the minimum price at which the lot shall be sold.
                                                                                                                                                                                            The closing bid is considered the winning bid only if the bid exceeds the
                                                                                                                                       The reserve price is confidential and will not be disclosed.
                                     VICKRAM SETHI       TUSHAR SETHI       DIGAMBER SETHI                                                                                                 reserve price.
                                       CHAIRMAN              CEO                COO
                                                                                                                                     Auction House Margin                                   Allwinningbidsshallbepostedonthewebsiteafterthecloseoftheauction.
                                                                                                                                       There will be a 15% Margin calculated on the hammer price at the close of
                                                                                                                                       the auction.                                       Bid Cancellation
                                                       SPECIALISTS                                                                                                                          Once any bid has been placed, it cannot be cancelled.
                                                                                                                                       For all lots taxes are payable on the final price which includes the Auction
                        JEWELLERY SPECIALIST                       STRATEGY         ADMINISTRATOR                                      House Margin at the applicable rate, included in the invoice.    AstaGuru reserves the right to cancel any bid in order to protect the
                                                                                                                                                                                           efficacy of the bidding process.
                                                                                                                                     Pre –Registration and Verification.                  Auction House Margin
                                                                                                                                       Prospective buyers should be registered and verified in order to bid.    In addition to the hammer price, the buyer agrees to pay AstaGuru the Margin
                                                                                                                                       If you have registered before, you do not need to pre-register, your bidding  calculatedat15%ofthewinningbidvalue(hammerprice)oneachlot.
                                                                                                                                       account is active (Use your previous Login Id).
                                                                                                                                                                                          After the Sale
                                                                                                                                       Fill the form online in order to pre-register, or callAstaGuru.    Ifyouhavewonalotyoushallbeinformedviaemailaftertheauctionhasclosed.
                                                                                                                                       Onceyouhavepre-registeredarepresentativewillcallyoutoverifyyourdetails.    You shall there after receive an email stating hammer price & Auction
                                                                                                                                       If the representative cannot reach you, an email will be sent.  house margin along with the related taxes.
                              JAY SAGAR                          SIDDANTH SHETTY     ANTHONY DINIZ                                     Please note that if this process has not taken place you shall not be given    If you are the winning bidder, you are legally bound to purchase the item
                                                        bidding access.                                     from AstaGuru. Please note, that purchases will not be shipped out until
                                                                                                                                                                                           full payment has been received and cleared.
                                                                                                                                       In case AstaGuru deems that it has not been provided with satisfactory
                                                                                                                                       information to give access for bidding, it will request a deposit of INR  Invoicing
                                                       CLIENT RELATIONS
                                                                                                                                       5,00,000/- or the US$ equivalent in order to give bidding access.    All details for the invoice are to be provided prior to the auction.
                                                                                                                              reserves the right to give bidding access and can refuse
                                                                                                                                                                                            After the auction, the buyer as invoiced is required to pay the amounts in
                                                                                                                                       bidding access as well.                             full (including the additional charges).
                                                                                                                                       All registrations should take place 24 hours before the auction.
                                                                                                                                                                                            No lot shall be sent without payment being made in full.
                                                                                                                                       Once your registration and verification is completed you shall receive an
                                                                                                                                                                                          Shipping and Insurance
                                                                                                                                                                                            Price estimates do not include any packing, insurance, shipping or handling
                                                                                                                                     Absentee Bids                                         charges, all of which will be borne by the buyer.
                                                                                                                                       You may place an absentee bid, by faxing the written bid form available
                                                                                                                                                                                            Shipping will be charged on courier rates and are determined by the size,
                                                                                                                                       online and in the printed catalogue.You may also place proxy bids online.  weight and destination of the package.
                                                                                                                                       All bids must come in 24 hours before the auction.                                                    Duties &Taxes
                                                                                                                                     Opening Bid                                            All duties and taxes shall be borne by the buyer.
             EDITOR           STRATEGY          MARKETING       PUBLIC RELATIONS  BUSINESS DEVELOPMENT  HUMAN RESOURCE                                                                    Sale in India
                                                                                                                                       Opening bid is 20% lower than value of the lower estimate.
                                                                                                                                       Opening bid for lots above Rs. 1,00,00,000/- and equivalent USD is 10%
                                                                                                                                       lower than value of the lower estimate.            International sales
                                                                                                                                                                                            There shall be no GST levied on International sales.
                                                                                                                                     Bidding Online
                                                                                                                                       Once you have identified the lot that you would like to bid on, click on ‘Bid  Payment
                                                                                                                                       Now’ to confirm your bid at the value listed.        Buyers will be required to complete payment within a period of 7 business
                                                                                                                                                                                           days from the receipt of the invoice via email.
                                                                                                                                       This is where you participate in the bidding process, by entering the next
                                                                                                                                       valid bid each time you are out-bid.                 Any delay in payment will be liable for a 2% interest charged per month and
                                                                                                                                                                                           a storage charge of 2% per month.
                                                                                                                                       The next valid bid will be at a 10% increment in value of the last valid bid.
                                                                                                                                       Above Rs. 1,00,00,000/- or equivalent US$ bid increment will be at 5%.                                       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.
                                                                                                                                                                                            Buyers may choose to collect their purchase from AstaGuru in Mumbai
            LOGISTICS               MARKET ANALYSTS                          RESEARCH                                                Bid Increments
                                                                                                                                                                                           within 7 days from the date of the sale.
                                                                                                                                       All bids will have an increment of 10% of the current valid bid. Above 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 the completion
                                                                                                                                     Personalized Bid Notifications                        of payment formalities, will be charged demurrage @ 2% per month on the
                                                                                                                                       By clicking on ‘My Bid Summary’, which is your personalized bid page, you  valueofthe artworks.
                                                                                                                                       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 our next
                                                                                                                                     Bid History                                           sale, please contact us at or at the auction help
                                                                                                                                       Bidhistoryindicatesthevaluerecordedforeachlotsincethestartoftheauction.  desk +91 22 2204 8139.
                                                                                                                                       Bid History will not be displayed once the auction has closed.    If you would like to stay informed of AstaGuru’s upcoming events, please
          KARTHIK LYNCH     ADITYA WARANG      RUPESH KHANAA  AISHWARYA CHANDURKAR  RADHIKA KERKAR                                                   register with us online.
   1   2   3   4   5   6   7   8   9