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BIDDING INCREMENTS
Bidding begins below the lower estimate, and increases in steps, or increments. The next valid bid is based on the increments listed
below. If bidders enter a proxy bid online, the next bid is placed at the minimum incremental value.
1.
I agree and consent to paying the Buyer’s Premium calculated at the rate of 20% of the winning bid value of up to and including USD
2,000,000; 15% of the winning bid value in excess of USD 2,000,000 up to and including USD 3,000,000; and 12% of the winning bid
value in excess of USD 3,000,000. All applicable duties and taxes, and shipping and handling charges shall be borne by me.
2.
I understand that if Saffronart receives identical absentee/proxy Bids, and if these Bids are the highest for the Lot, Saffronart will sell
the Lot to the Bidder whose Bid it received and accepted first.
3.
I understand that absentee/proxy Bids submitted on “no reserve” lots will be executed at a minimum of 10% of the lower estimate
(the "Minimum Value"), if there is no competing Bid, and the absentee/proxy Bid amount is greater than the Minimum Value.
For New Bidders
If you have not previously registered with
saffronart.com,please create a username on our website. To participate in this auction, you
will have to pre–register with your login details. When contacted by our representative, please provide a proof of identity and address
document, such as a copy of an official photo identity card (either a PAN Card, National Identity Card, Passport or Driver’s Licence). Once
your documents are verified, you will be given access to bid. You may also call our auction helpline at
+91 22 2432 2898.
INR increments are subject to change depending on the
exchange rate for the auction.
Below $ 5000
• By $ 100 up to but less than $ 1,000
• By $ 150 up to but less than $ 2,500
• By $ 250 up to but less than $ 5,000
$ 5,000 ‒ $ 10,000
• By $ 500 up to but less than $ 7,500
• By $ 750 up to but less than $ 10,000
$ 10,000 ‒ $ 50,000
• By $ 1,000 up to but less than $ 15,000
• By $ 1,500 up to but less than $ 25,000
• By $ 2,500 up to but less than $ 50,000
$ 50,000 ‒ $ 100,000
• By $ 5,000 up to but less than $ 75,000
• By $ 7,500 up to but less than $ 100,000
$ 100,000 ‒ $ 500,000
• By $ 10,000 up to but less than $ 150,000
• By $ 15,000 up to but less than $ 200,000
• By $ 20,000 up to but less than $ 250,000
• By $ 25,000 up to but less than $ 500,000
$ 500,000 ‒ $ 1,000,000
• By $ 50,000 up to but less than $ 750,000
• By $ 75,000 up to but less than $ 1,000,000
$ 1,000,000 ‒ $ 10,000,000
• By $ 100,000 up to but less than $ 2,000,000
• By $ 200,000 up to but less than $ 3,000,000
• By $ 300,000 up to but less than $ 4,000,000
• By $ 400,000 up to but less than $ 5,000,000
• By $ 500,000 up to but less than $ 6,000,000
• By $ 600,000 up to but less than $ 7,000,000
• By $ 700,000 up to but less than $ 8,000,000
• By $ 800,000 up to but less than $ 9,000,000
• By $ 900,000 up to but less than $ 10,000,000
• By $ 1,000,000 from $ 10,000,000
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