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  • How to bid

    Bidding

    Pre -Registration and Verification.+
    • Prospective buyers should be registered and verified in order to bid.
    • If you have already registered before, you will still need to pre-register and accept the terms and conditions for the sale. (Use your previous login Id).
    • Fill the form online in order to pre-register, or call AstaGuru.
    • Once you have pre-registered a representative will call you to verify your details.
    • If the representative cannot reach you an email will be sent.
    • Please note that if this process has not taken place you shall not be given bidding access.
    • All bidding access shall be provided 24 hours before the auction.
    • Once your application has been accepted you shall receive an email confirming your bidding access along with your login Id and password.
    Absentee Bids+
    • You may place an absentee bid, by faxing the written bid form available online and in the printed catalogue.
    • All bids must come in 24 hours before the auction.
    Proxy Bids+
    • Proxy bids shall be placed on the website once the auction catalogue goes live and will be available until the end of the auction.
    • Once you have identified the lot that you would like to bid on, click on “Proxy bid” and enter desired amount(10% more than the previous bid) and confirm your bid at the value submitted.
    • In case of the “No Reserve” auction all proxy bid values start at Rs 20,000.
    • Proxy bid placed on a lot before an auction cannot be resubmitted online. Users can update such proxy bids by submitting a duly signed written bid form provided on the website.
    • In case a user is outbid on their proxy, they will be intimated of the same and can update the proxy online if they wish to so.
    • Astaguru reserves the right to reject any proxy bid at its discretion without having to provide any explaination.
    Opening Bid+
    • Opening Bid is the value at which the auction house starts the bidding of each lot.
    • Opening bid is 20% lower than value of the lower estimate.
    • In case of the “No Reserve” auction all bids start at Rs 20,000.
    Bidding Online+
    • Once you have identified the lot that you would like to bid on, click on “Bid Now” confirm your bid at the value listed
    • This is where you participate in the bidding process, by entering the next valid bid each time you are out-bid.
    • All bids will have an increment of 10% of the current valid bid, once the bid value exceeds the Rupees one crore (equivalent value USD $151,500) mark the increment will be that of 5%.
    • In the event a bid is placed under three minutes from the closing schedule of the lot the closing time for that particular lot will be extended by three minutes. The extension will continue until such time the last bid is not placed under three minutes from closing time.
    • All lots bid history will be made available to be viewed.
    Bid Increments +
    • All bids will have an increment of 10% of the current valid bid, once the bid value exceeds the Rupees one crore (equivalent value USD $151,500) mark the increment will be that of 5%.
    Personalized Bid Notifications +
    • In case you’re outbid on a particular lot you will be notified of the same on your registered email and mobile number.
    • In case you’ve won a particular lot in an auction you will be notified of the same on your registered email and mobile number.
    Bid History +
    • Bid history indicates the value recorded for each lot since the start of the auction
    • Bid History will not be displayed once the auction has closed.
    Currency of Bidding+
    • Bids can be placed in US Dollars (USD) or Indian Rupees (INR).
    • Buyers in India must pay for their purchase in INR and all other buyers must pay in USD
    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 close of a lot.
    • The closing bid is considered the winning bid only if the bid exceeds the reserve price.
    • All winning bids shall be posted on the website after the close of the auction.
    Bid Cancellation+
    • Once any bid and/or proxy bid has been placed, it cannot be cancelled. AstaGuru reserves the rights to cancel any bids in order to protect the efficacy of the bidding process.
    Margin+
    • In addition to the hammer price, a margin calculated at 15% of the winning bid value is added on each lot and is payable by the buyer.