Page 9 - The Exceptionals May 2024

BUYING AT ASTAGURU BUYING AT ASTAGURU

Bid History Invoicing
• Bid history indicates the value recorded for each lot since the start of the auction. • All details for the invoice are to be provided prior to the auction accurately, in the online registration
• The bid history, current bid and countdown shall be accurate at the time of downloading/refreshing form.
the page. • After the sale, the Buyer as invoiced is required to pay the final purchase price in full (including
• However, such information shall not reflect during the data transmission/processing period as to additional charges as may be applicable).
when the information is being relayed from the bidder’s computer to our server and vice versa. • No lots shall be dispatched to the Buyer without receipt of payment in full by AstaGuru.
• The most recent/updated bid values will reflect only when the information on bid values is refreshed,
Shipping and Insurance
which shall happen either automatically, or when a bidder clicks on the “Refresh” icon on the
• All packing, insurance, shipping or handling charges will be borne by the buyer.
website/mobile App page.
• Unless the description of the lot stipulates otherwise, all purchased lots are framed and dispatched.
• After the values on the page have been refreshed, any further progress with regards to the bid will
However if the buyer prefers an alternative, the same may be implemented, at AstaGuru’s discretion
reflect on the bid history page only once the bidder refreshes the page again.
and at the buyers cost. AstaGuru will invoice the buyer for costs incurred in relation to the
• The page may also refresh automatically on the website.
foregoing.
• Bid History will not be displayed once the auction has closed.
• Shipping charges are charged on courier rates and are determined on basis of the size, weight and
destination of the package.
Bid Extension
• Bidding terminates for the specified lot groups in accordance with the bid closing schedule. • In case of international shipments the additional charges calculated are only till the destination port.
Import-related duties, taxes delivery and any other charges, wherever applicable, will be directly paid
• In the event a bid is placed under three minutes from the closing schedule of the lot, the closing
by the buyer.
time for that lot will be reset to three minutes. This process shall continue until there are no further
bids placed under three minutes remaining for the end of the auction. Duties & Taxes
• Under such circumstances of closing extension, bidding on the lot shall only end if no bid is • All duties and taxes shall be borne by the buyer.
recorded during the duration of the granted extension.
• All sales in India shall attract the applicable GST on the winning bid, including margin.
• Bidders are advised to click on the ‘Refresh’ button icon on AstaGuru’s website page.
• There shall be no GST on International sales.
• It is of tmost importance to ‘Refresh’ the website page at regular intervals in order to ensureu
updates on the latest bids and time extensions get corresponded effectively. Payment
• Buyers will be required to complete payment of the final purchase price within a period of 7
Currency of Bidding
business days from the receipt of the invoice via e-mail.
• Bids can be placed in US Dollars ( ) or Indian Rupees ( ).$ H
• Any delay in payment will be liable for a 2% interest charged per month.
• Buyers in India must pay for their purchase in H and all other buyers must pay in .$
Refund Policy
Closing and Winning Bid • Security Deposit - If there has been no acquisition during the auction a refund of the entire deposit
• Winning bid is the last and highest bid at which the lot has closed. amount is issued to the relevant account within 5 working days.1
• No new bids can be placed after the Winning Bid • Security Deposit Adjustment - In case there has been an acquisition, the deposit amount will be
• The closing bid is considered the winning bid only if such bid exceeds the reserve price. adjusted with the total amount payable for the purchase.
• All winning bids shall be posted on the website after the close of the auction. • Please note once a lot(s) has/have been acquired the refund policy is not applicable, furthermore
there is no provision for cancelling the transaction.
Bid Cancellation
• Once a bid / proxy bid has been placed, the Bidder cannot cancel it. AstaGuru reserves the rights to Delivery / collection of purchase
cancel any bid, as determined in its discretion. • Purchased lots 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 date of the payment being
Margin cleared.
• In addition to the hammer price, a margin calculated at 1 % of the winning bid value is added on8 • Buyers who have duly completed payment formalities, but have not taken delivery of their purchased
each lot and is payable by the buyer, exclusive of packing, insurance, shipping, handling charges and lots from AstaGuru within 30 days of the date of payment will be charged interest @ 2% per month
any taxes as may be payable. on the value of the lot.

After the Sale Participate in our next auction
• If you have won a lot you shall be informed via email after the auction has closed. • If you are interested in selling works from your collection with AstaGuru, please contact us at
• You shall thereafter receive an email with the invoice stating the final purchase price payable for the lot. contact@astaguru.com or at the auction help desk +91 22 22048139.
• If you are the winning bidder, you are legally bound to purchase the lot from AstaGuru.
• No purchased lots will be shipped out until full payment has been received and cleared by AstaGuru.

8 9