Prospective buyers should be registered and verified by Historic Auctions in order to bid.
If you are a registered bidder, you will still need to renew your KYC for subsequent auctions.
Once your bidding access has been accepted you will receive an email confirming bidding access.
Estimates+
Estimates are based on an average market value of the Lot, determined at Historic Auctions discretion.
Estimates are only a guide for Buyers.
Buyers should not rely on estimates as a prediction of the actual price. Buyers are advised to carry out independent research.
Estimates do not include buyers premium, packing, insurance, shipping, handling charges and any taxes.
Reserves+
The Reserve price is the minimum price at which the lot will be sold.
The Reserve price is confidential and will not be disclosed.
Absentee Bids+
You may place an absentee bid, by emailing the signed bid form available online and/or in the catalogue.
Absentee Bids will be activated after acknowledgement by Historic Auctions.
Proxy Bids+
Proxy bids can be placed on the website once the auction catalog goes live and will be available until the end of the auction.
To bid on a Lot, click on “Proxy Bid” and enter desired amount (more than the “next valid” bid) and confirm your bid at the value submitted.
Proxy bid placed on a lot before an auction. Bidders can update such proxy bids by submitting a proxy bid higher than the one already submitted.
Historic Auctions reserves the right to reject any proxy bid at its discretion without providing any explanation.
Opening Bid+
Opening Bid is the value at which Historic Auctions starts the bidding of each Lot.
Opening Bid is lower than or equal to the value of the lower estimate.
Buyer’s Premium+
In addition to the hammer price, the buyer agrees to pay Historic Auctions a Buyer’s Premium calculated at 10% of the winning bid.
For all lots, taxes are payable on the final price which includes the Buyer’s Premium at the applicable rate.
Bidding Online+
Click on “Bid” to confirm your bid at the value entered.
If a bid is placed under five (5) minutes from the closing schedule of the Lot, the closing time for that particular Lot will be extended by five (5) minutes. The extension will continue until such time that the last bid is not placed under five (5) minutes from the closing time.
Online bidding access, through Historic Auctions Mobile App and telephone bidding facility, will be given at our discretion.
Bidders will be informed of their bidding limits, if applicable.
Bidders are advised to click on the ‘Refresh’ button icon on the Historic Auctions website page at regular intervals to ensure updates on the latest bids and time extensions.
Bid Increments+
All bids will have a bid increment at the discretion of Historic Auctions.
Bid Notifications+
By clicking ‘My Bids’, you may check your bid status.
You may also be notified on your registered email address and/or mobile number.
Currency+
Bids are placed in Indian Rupees (INR).
Buyers must pay in INR.
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 Winning Bid.
The closing bid is considered the winning bid only if such bid exceeds the reserve price.
All winning bids will be posted on the website after the close of the auction.
Bid Cancellation+
Once a bid / proxy bid has been placed, the Bidder cannot cancel it. Historic Auctions reserves the rights to cancel any bid, as determined in its discretion.
Invoicing+
All details for the invoice are to be provided prior to the auction accurately, in the online registration form.
After the sale, the Buyer as invoiced is required to pay the final purchase price in full (including additional charges as may be applicable).
No Lots will be dispatched to the Buyer without receipt of payment in full by Historic Auctions.
After Sales+
The winning Bidder will be informed via email after the auction has closed.
You will thereafter receive an email with the invoice stating the final purchase price payable for the Lot.
The winning bidder, is legally bound to purchase the Lot from Historic Auctions.
No Lots will be released for dispatch until full payment has been received and cleared by Historic Auctions.
Shipping and Insurance+
All packing, insurance, shipping or handling arrangements and charges will be borne by the buyer.
Duties & Taxes+
All duties and taxes will be borne by the buyer.
Payment+
Buyers will be required to complete payment of the final purchase price within a period of 15 business days from the conclusion of the auction.
Any delay in payment will be liable for a 2% interest charged per month. And any additional charges that Historic Auctions may incur.
Delivery/Collection+
Buyers must collect their purchase from the address provided by Historic Auctions within five (5) days from the date of the payment being cleared.
Buyers who have duly completed payment formalities, but have not taken delivery of their purchased lots from Historic Auctions within six (6) days of the date of payment will be charged an interest of 2% per month on the value of the lot.
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