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right of recourse of the winning bidder, in terms of availing

refund, shall be restricted only against the

Seller

and

We

shall not be liable or responsible in any manner to facilitate

such refund.

7.7 The guarantee above shall be subject to the following

conditions:

(i) the claim is made by the winning bidder as registered

with

Us

and if the winning bidder has owned the

Lot

continuously between the date of auction and the

date of claim (the benefit of the claim is not assignable

to any subsequent owners or others who may acquire

or have an interest in any of the

Lots

);

(ii) the concerned property in the

Lot

is returned to

Us

in the same condition that it was in at the time of

delivery of such property in the

Lot

to the winning

bidder; and

(iii) the concerned property in the

Lot

is indisputably the

same as purchased through the auction.

It is clarified that

We

will not be responsible for procuring

such refund from the

Seller

and it will be the winning

bidder’s responsibility to procure the refund from the

Seller

. However, the winning bidder may approach

Us

requesting

Us

to liaise on behalf of the winning bidder

with the

Sell

er for procuring such refund. However, it

is clarified that

We

reserve the right, in

Our

absolute

discretion, to offer

Our

assistance in this matter. In the

event the

Seller

furnishes the refunded amount to

Us

,

We

shall forward the same along with the amount charged by

Us

as the

Buyer's Premium

to the winning bidder. Even

if the

Seller

does not refund the said amount to

Us

or

to the winning bidder, as the case may be, if it is proved

by the winning bidder, to

Our

reasonable satisfaction,

that the

Lot

was not authentic

in accordance with this

Clause 7, we shall refund the amount

charged by

Us

as

the

Buyer's Premium

to the winning bidder

. We

shall

not be accountable to the winning bidder for any taxes,

shipping, handling or any other charges that may have

been applicable at any time from the sale of the

Lot

till

the claim.

7.7 All such claims will be handled on a case-by-case basis,

and in the case of an authenticity claim,

We

will require

that examinable proof, which clearly demonstrates that

the

Lot

is not authentic, is provided by an established and

acknowledged authority.

Our

decision in respect of such

claims shall be final and binding.

7.8 In all cases,

We

retain the right to consult with, at the

expense of the winning bidder, two recognised experts

in the field (such experts being mutually acceptable to

Us

and the winning bidder), to examine the

Lot

under

question before deciding to rescind the sale and offer

the refund, to the extent provided above and under the

guarantee set out above. The opinion of the experts shall

not be binding on

Us

.

8.

Privacy of Personal Information

8.1

We

will maintain the confidentiality of your personal

information as disclosed to

Us

and undertake to not

disclose such information to any third party, unless

otherwise required by law or a governmental authority.

8.2 The winning bidder agrees to maintain the confidentiality

of the information about the

Original Owner

, including

name and address, as mentioned in any

Antiquity

related

document/s.

9.

Extent of Our Liability

9.1

We

have an obligation to refund the

Sale Price

and

Buyer’s

Premium

to the winning bidder only in the circumstances

described above (in paragraph 7). Damages to, or losses

or loss in value of any of the

Lots

(excluding frames)

incurred during shipping and transit are covered as per

the insurance policy obtained by

Us

. In case the winning

bidder opts out of insurance coverage arranged for by

Us

,

We

shall not entertain any claims for damage or loss

during shipping and transit. Subject to the authenticity

guarantee above, neither

Our

suppliers nor

Us

, nor any of

Our

employees or agents, shall be responsible, either for

the correctness of any statements as to the authorship,

origin, date, age, attributes or genuineness of any

Lot

in the

sale, or for any mistakes in the description of the

Lots

, or

for any faults or defects in the

Lots

, or for any other act or

omission whatsoever.

We

offer no guarantee or warranty

other than the limited guarantee set out in Clause 7 above.

9.2 The rescission of the sale and the refund of the total

Sale

Price

paid by the winning bidder is the sole remedy that

may be sought by a winning bidder, and such remedy is

exclusive and in lieu of any other remedy which may

otherwise be available under law.

We

shall not be liable

for any incidental or consequential damages incurred or

claimed.

10. Copyright

All content of

Our Auction Catalogue

, the print catalogue,

eCatalogue and content on the

Website

and

MobileApp

are

copyright protected in favour of "Saffronart". All trademarks,

names, brand names, etc. used in the print

Auction Catalogue

and on the

Website

and

MobileApp

are either trademarks or

registered trademarks of Saffronart, or of their respective owners.

Any rights not expressly granted herein are reserved. No image,

illustration or written material maybe used or required without

Our

prior written permission.

We

and the

Seller

(s) make no

representation or warranty that the winning bidder of a

Lot

will

acquire any copyright or other reproduction rights in it.

11. Legal Notices

11.1

We

may validly serve a bidder with a legal notice, if

required, by the following means:

(i) sending an email to the email address disclosed by the

bidder to

Us

; or

(ii) sending a courier to the address disclosed by the

bidder to

Us

.

11.2 Such legal notice shall be deemed to have been properly

served:

(i) in the case of email transmission: on the date of the

transmission; and

(ii) in case of transmission by courier: 2 business days after

the dispatch of the notice by courier.

12. Waiver

No failure or delay in exercising any right, power, privilege or

remedy under these conditions for sale shall in any way impair

or affect the exercise thereof or operate as a waiver thereof in

whole or in part. No single or partial exercise of any right, power,

privilege or remedy under these conditions for sale shall prevent

any further or other exercise thereof or the exercise of any other

right, power, privilege or remedy.

13. Severability

If any part of these conditions of sale between the winning

bidder and

Us

is found by any court of law to be invalid, illegal or

unenforceable, that part may be discounted and the rest of the

conditions shall be enforceable to the fullest extent permissible

by law.

14. Governing Law and Jurisdiction

14.1 These conditions for sale are subject to the laws of India.

14.2 All parties are subject to the exclusive jurisdiction of courts

at Mumbai, Maharashtra, India

15. Symbols used in this catalogue

Lots

marked with indicate that Saffronart owns the

Lot

in whole or in part or has an economic interest in the

Lot

equivalent to an ownership interest.

Lots

marked with have been imported into India, and in

order to remove the

Lots

from a Free Trade Warehousing

Zone and into Indian free circulation, a customs duty at

11% will be added to the hammer price. The applicable

GST

will be charged on the amount inclusive of the

hammer price and the duty.

Lots

marked with the symbol are subject to CITES

(Convention on International Trade in Endangered

Species) export/import restrictions and may require

export/import permits to ship the

Lot

outside India.

The winning bidder acknowledges that he/she is solely

responsible for obtaining and paying for the necessary

permits. The bidder may contact the Directorate General

of Foreign Trade, Government of India for further

information regarding export/import restrictions prior to

making such purchases.

GLOSSARY

Affiliates

: Saffronart Management Corporation, Planet Saffron

Inc., and their holding or subsidiary companies as on the date of

the online auction.

Antiquities Act

: The Antiquities and Art Treasures Act, 1972

and any amendments made thereto from time to time.

Antiquity/Antiquities

: An antiquity as per Section 2 of the

Antiquities Act

and registered under the provisions of Sections

14 and 16 of the

Antiquities Act

.

Auction Catalogue

: The catalogue published by

Us

, whether

in print, on the

MobileApp

or on the

Website

, containing

details of the auction along with the description, price and other

details of

Lots

to be offered for sale at such auction. In case of

any discrepancy between the print

Auction Catalogue

, the

MobileAppAuctionCatalogue

, the online

AuctionCatalogue

and/or the eCatalogue, the online

Auction Catalogue

, as

modified by

Us

from time to time, shall take precedence.

Buyer's Premium

: The amount charged by

Us

from a winning

bidder for services rendered by

Us

, in accordance with these

conditions of sale, in connection with the purchase of

Lots

by

the winning bidder.

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