Marudhar Arts e-Auction 41 Auction date: 26 May 2020
26th May 2020 Starting 10:00 AM
Each lot will close after 1 minute duration. Starting 10:00 a.m onwards
Lot viewing in our office with appointment : Marudhar Arts, 85, MG Road, Bangalore - 560001 between 11AM-5PM
If you have questions about this auction, please contact:
Marudhar Arts, 1st Floor,Pamadi Chambers, 120, Dr. D. V. G. Road, Basavangudi (Gandhi Bazar), Bangalore 560 004 India https://www.marudhararts.com
Terms of Sale
Auctioneer and Auction This Auction is presented by Marudbar Arts (hereafter referred as "Auctioneer") as identified with the Antique License from the Archaeological Department of India & the Under License No I. The Auction is conducted under these Terms and Conditions of Auction and it is applicable to the Indian Law. Auctioneer reserves the right to include its own item(s) in this auction sale as well as material from affiliated or related to companies, principals, officers or employees. Auctioneer also reserves the rights: 1. To reject/cancel any bid at any time on any lot. 2. To withdraw any item from the auction. 3. To place the bids on behalf of the consigner up to the amount of reserves price established by the consigner. Auctioneer will not acce pt a reserve price from a consigner above the high estimate shown in the catalogs for auction. Bidders 1. Any person participating or registering for the Floor and Online Auction to buy any item offered in this sale agrees & accepts these Terms and Conditions of the Auction. And hereafter that person is referred as "Bidder''. 2. If any unit/entity places a bid, then the individual executing the bid on behalf of the unit/entity agrees to personally guarantee payment for any successful bid. Bidding 1. The Auction is conducted in Indian Rnpees Currency. 2. Auctioneer will not be responsible for any errors in bidding (typographical error), so make sure that every bid is entered correctly. Auctioneer will also not be responsible for Internet bids submitted after the published closing time; nor for any Internet delay from the bidder's end. 3.Auctioneer shall make maximum efforts to properly enter and execute bid received by email, fax or by other means. However, auctioneer shall not be liable for any errors for incorrectly entered on incorrectly executed bids. Bidders are responsible for their bids including any errors they may make in placing bids. 4.The highest qualified Bidder of any lot recognized by the Auctioneer shall be the Buyer. In the case of a tie bid, the initial bid received or recognized wins. In the event of any dispute between any Bidders at an Auction, Auctioneer may at his sole discretion reoffer the lot. Auctioneer's decision and declaration of the winning Bidder shall be final and binding upon all Bidders. 5.Marudhar Arts does not subscribe to the theory of hidden and undeclared reserve prices. Our auctions are totally transparent without any such reserves. Hence the estimate price of each item is the genuine starting price. 6.Each bidder has to register for the auction and will therefore be required to fill up a registration form with full address, tele phone number and email ID. Each bidder form has to be sig ned by the bidder. By filling up the form, the bidder shall be deemed to have undertaken to fulfill the conditions of the Auction. By making a bid, each buyer acknowledges his/her acce ptance of these conditions and shall be bound by them. 7.Those bidders who are new to the Auctioneer may be required to furnish trade references of may pay a refundable deposit. 8. While registered bidders who have f ul filled condition 6 are free to bid in person, postal or email. Buy bids will only be accepted from bidders who are well known to the auctioneer. Delivery Delivery of the lot(s) will be done only once the full payments are received. Grading/Description/Photos/Weight 1. Bidder has to acknowledge that grading/description/weight for most of the coins in t his sale have been determined by independent grading services/experts. Coins grading, condition and descriptions are subjective. Please note that Marudhar Arts does not warrant the accuracy of such grading, condition, description or weight. All photographs in t his catalog are of the actual items offered for sale in this auction but may not be the actual size or to scale. If the bidder feels that the description or condition is not satisfactory to him while viewing an item, he may either avail a high resolution image which will be sent on request, if this not satisfy the bidder, the item may viewed physically. But all these measures are to taken before bidding. No complaints shall be entertained after bidding. 2. Lots are sold as shown with all faults, imperfections and or errors of description. Neither the auctioneer nor the seller is liable for any fault or error of description. All statements as to the items sold, at any point, are statements of opinion only. The auctioneer reserves the right in forming his opinion, to consult and rely upon any expert or authority considered by him reliable. Notwithstanding the aforementioned, should any lot been wrongly described in any material aspect, the buyer may reject the same, provided that he give written notice to do so and return the same to the auctioneer within seven (7) days from the day of the sale. Under no circumstances will the auctioneer be liable for any costs, expenses or damages incurred by the buyer in respect of any lot, including, but not limited to, loss of any kind of profit whatsoever. Bidders are advised to scrutinize the lots they bid for. General 1. The auctioneer acts solely as an agent and shall not be responsible for any default/error by either the buyer or the seller or for a ny action or claim which may arise in respect of any lot. 2. Buyers must satisfy themselves as to the accuracy of their purchases at the time of delivery. The auctioneer cannot be held responsible for any discrepancy which might be discovered after the lots have been removed from either the auction room or the auctioneer's premises. 3. The auctioneer is not responsible f or the safe custody of any lots left beyond seven (7) working days after the date of sale, and reserves the right to charge storage and re-sell by auction or privately, and without notice to the buyer. 4. If any Auction invoice submitted by Auctioneer is not paid in full when due, the unpaid balance will bear interest at the highest rate permitted by law from the date of invoice until paid. Any invoice not paid when due will bear a Two & a Half percent (2½ %) interest per month. If the Auctioneer refers any invoice to an attorney for collection, the buyer agrees to pay attorney's fees, court costs, and other collection costs incurred by Auctioneer. 5. After the auction, if during the transit or due to any other reason if auction lot/lots are lost than auctioneer is not liable to give the delivery if the said lot/lots. 6. Those bidders who have not paid their previous bills and also the bidders who are not known to auctioneer, in such circumstances auctioneer has right to take the deposits from such bidders, and if they do not give deposits, auctioneer has right to prevent such bidder to take part in the auction. 7. The auctioneer has a right to ask for photo identification (ID) proof from the bidder, issued by government or semi government authorities 8. The estimate fig u re below each lot are the auctioneer's estimate of an expected price only bids which are less than the lower estimate will not be consider by the auctioneer. 9.By making a bid the buyer acknowledges his/her acceptance of these Conditions and shall be bound by them Genuineness/Guarantee Marudhar Arts offers Life-Time Guarantee of the genuineness of the items sold (unless removed from its original packing, if item is removed from its original packing Marudhar Arts will not be responsible for same). Insurance Optional transit insurance is available for the lots only at the cost of 2% on billed invoice. Payment 1. Payment is due immediately upon the close of the auction. Payment is delinquent and in default if not received in full, in good funds, within seven (7) calendar days of the Auction Sale (the "Default Date"), without exception, time being of the essence. Unless otherwise agreed in writing prior to the Auction Sale, all auction sales are payable strictly in immediately through Bank Transfer/ Credit Cards (2% Surcharge). Buyers will be charged as all applicable sales tax . 2. In any case if a Winning Bidder fails to pay any amount for the lot(s) he/she has won, Auctioneer reserves all the rights to sell the lot(s) to any other bidders in the Auction that the lot(s) appeared, or relist the lot(s) in a future auction conducted by Auctioneer. 3. A defaulting Bidder agrees to pay for the reasonable costs ofresale (including a 12.5% seller's commission, if consigned to an auction conducted by Auctioneer). The defaulting Bidder's Membership Fee will be forfeited against the commission & if there is any difference in the amount is bable to it to the Auctioneer. The Defaulting Bidder will be Black-Listed from the Auction House. Shipping/Handling Charges Buyer is responsible for shipping and handling charges. Lots won will be shipped within 7 days time after the full payment is received. A standard charge of Rs.200 is applicable. Estimates: The estimate fig u res below each lot are the auctioneer's estimation of an expected price only. These estimates are not representative of a reserve price and are published only as a guide to buyers. Bidders may bid w i thin the estimate or above the estimate, however, bids which are less than the low estimate will not be considered by the auctioneer. NOTE: 1. Final value of the item shall be the item'(s) closing price+ Buyer's Premium+ GST*+ shipping charges + insurance••. All shipping cha r ges will be borne by the successful Bidder. 2. Any request for shipping verification for undelivered packages must be made within 15 days of shipment by the buyer. 3. Bidders who bid are committed to make the payment as per the terms and conditions. So please ensure that you bid only if you can make the payment within the stipulated time. Non-payment by any Bidder will result in the bidder being banned for life from participating in future auctions and the defaulting bidders name & complete details will be advertised to all other auctioneers' across India and on all social media. Please Bid thoughtfully after assessing your credibility yourself. 4. Marudhar Arts (Auctioneer) holds the right to revise, edit or make any necessary changes on a system generated invoice in case of any discrepancy found. 5. Marudhar Arts will not be responsible for any technical issue you may face at your end. 6. By making a bid the buyer acknowledges his acceptance of these Conditions and shall be bound by them. 7. These Conditions shall take effect and be construed in accordance with Indian law. 8. As per income Tax Amended Section 206C (w.e.f. 01.06.2016) if the Consideration (or any part ofit) is received in cash for sale or any goods/provision of any service exceeding'. 2 Lac (Two Lacs). TCS@ 1% will be deducted. and the buyer have to provide PAN CARD details. * As applicable. ** Optional. Buyers Premium A winning bidder has to pay Buyer's Premium which is 12.5% plus GST of 18% on the buyer premium value, a total of 14.75% on the Hammer Price. Additionally, 5% GST on Hammer (Chp 9705, Sr. #262, pg.42) is payable Subject to Bangalore jurisdiction.