Conditions of Sale Conditions of Sale

  1. This public auction sale is conducted by Pune based licensed auctioneer, Imperial Auctions – a part of Gajalakshmi Associates Pvt Ltd (hereinafter referred to as "Auctioneer"). Bidding in this Auction automatically means acceptance by you (the "Bidder") of all the conditions of sale stated herein.
  2. The Auctioneer hereby reserves the right to include in any auction sale its own material and others material.
  3. Imperial Auctions reserves the right to postpone or cancel the auction without notice in its sole discretion. The Auctioneer may withdraw any lots without notice prior even if the bidding has started on the lot. The Auctioneer or Consignor shall not be liable for any costs or damages arising from either the withdrawal of material at the auction or the delay or cancellation of the auction.
  4. The Auctioneer shall have absolute discretion to divide any lot, to combine any lots, or to withdraw lots from the sale without giving any reasons.
  5. The Auctioneer has all rights to refuse any bid/s.
  6. The estimate figures for 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.
  7. Bids lower than the lower estimate will not be considered by the Auctioneer.
  8. The Auctioneer reserves the right to place bids on behalf of the consignor up to the amount of a reserve                 price established by the consignor.
  9. The Auctioneer acts solely as an agent and shall not be responsible for any default either by the buyer or by the seller or for any action or claim which may arise in respect of any lot.
  10. The bids will be opened for bidding in numerical order. In the event that bids for the same amount are received for the same lot, the winning bid will be the earliest received bid. The decision of the Auctioneer as to identity of the winning bidder shall be final.
  11. The bids would be allowed only from a registered member. Registration process may require your Client ID and/or you may be required to fill a registration form with your address, telephone number, and signature, after which you will be allotted a numbered paddle to bid. In case of Bidders not known to auctioneers, the 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.
  12. Any person submitting bids on behalf of a corporation or any other person / persons, agrees to be personally liable for full payment of the invoice.
  13. The Auctioneer reserves the right to prevent those bidders to take a part in auction who have not paid their previous bills. In case of a default of payment by the bidders, their Security Money Deposit will be forfeited and will not be returned. The auctioneers reserve the right to charge the interest at the rate of 2% per month for the overdue amount.
  14. The auctioneer has a right to ask for photo identification (ID) proof from the bidder, issued by government or semi government authorities.
  15. Bidding commissions for anyone unable to attend the auction in person may be carried out by the Auctioneer without charge, in strict confidence.
  16. No bids will be accepted from Minors.
  17. Auctioneer shall make maximum efforts to properly enter and execute bids received by E-mail, Fax or by other means. However, Auctioneer shall not be liable for any errors for incorrectly entered or incorrectly executed bids. Bidders are responsible for their bids including any errors they may make in placing bids. Auctioneer reserve the right to refuse and reject unsigned bid sheet.
  18. Lots are sold as shown with all faults, imperfections and errors of description. Neither the Auctioneer nor the seller shall give warranty to any buyer in respect of any lot, or be liable for any fault or error of description. All statements as to the items sold, whether made in catalogues, during the course of the auction, or otherwise are statements of opinion only, and are not and shall not be taken to be statements or representations of fact. The Auctioneer reserves the right in forming his opinion, to consult and rely upon any expert or authority considered by him reliable. Notwithstanding the forgoing, if any lot should have been wrongly described in any material aspect, the buyer may reject the same, provided that he shall have given notice of intention to do so and shall have returned the same to the Auctioneer within seven (7) days from the day of the sale in the original packing and in the original state. 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.
  19. Bidders are advised to scrutinize the lots they bid for.Buyers must check the item accuracy 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 their original packing.
  20. Each lot shall be at the buyer's risk from the fall of the hammer.
  21. Delivery is against payment in full. Delivery of the items maybe made on the following day after receiving full payment of the purchase price.
  22. The Purchase price shall be the sum of winning bid and a Buyer's Premium plus applicable taxes, has to be paid by the purchaser. Imperial Auctions charges 12.5% on the Hammer Price as Buyers Premium. The total Invoice amount shall be paid in full prior to delivery of the lot within 7 days of the date of invoice.
  23. Payment shall be by cash in Indian Rupees or by cheques / DD drawn on Indian banks. The purchase price shall be paid upon delivery of the lot or receipt of Invoice for the lot, whichever occurs first. All associated costs for the delivery of lots such as handling, shipping, and insurance will be added to the purchase price.
  24. Credit card Payments are subject to 2% surcharge on Master and Visa Cards.
  25. The Auctioneer will not hold himself responsible for the safe custody of any lots left for more than 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, any lots not removed from his premises within fourteen (14) days from the date of sale. Buyers shall not be entitled to remove lots from the auction room during the course of the auction.
  26. Buyers are requested to note that according to the Antiquities and Art Treasures Act, 1972 (Act No. 52 of 1972), items  (including coins) over 100 years old, cannot be exported out of India except the permission of the Director General, Archaeological Survey of India, Janpath, New Delhi.
  27. By bidding in the auction, the Bidder enters in a legal contract and accepts to honour all his/her successful bids within 7 days of the receipt of his invoice. The bidder must clear all their payments within a period of 2 months from the date of auction, else their claim on their auction items will cease to exists. The auctioneer in such a case will be at liberty to sale or reauction the items without informing the concerned Bidder/Buyer. By making a bid the buyer acknowledges his/her acceptance of all these conditions of sale and shall be bound by them. These Conditions shall take effect and be construed in accordance with Indian law and are subject to Pune Jurisdiction.
  28. Subject to transfer of ownership along with registration of antiquities in accordance with the provisions of the Antiquities and Art Treasure Act, 1972 and rules made thereafter, all lots of antiquities will be shipped out in an "as is" condition meaning that the item is sold with all existing faults and imperfections.
  29. The Bidders are required to provide all invoicing details to Imperial Auctions prior to the sale at the time of registering.
  30. The price estimates do not include any packing, shipping, handling or insurance charges, all of which will be borne by the buyer. The exact amount of shipping-handling and insurance will be conveyed when the final invoice is prepared.
  31. All duties and taxes as applicable, including VAT, Service Tax and Local Body/Octroi will be borne by the buyer.
  32. Purchases are normally shipped within 7 days from the date of the receipt of the full payment and of the transfer of papers duly signed by the buyer. The transfer and or delivery of ownership of antiquities along with registration is a regulatory process administered by the Archaeological Survey of India and may take longer than envisaged period of 7 days. The buyer will be informed about the current status or delay of their transfers. 
  33. Buyers may choose to collect their purchases from Imperial Auctions office in Pune after the transfer is completed.
  34. The buyer shall ensure that all payment formalities are completed within 7 working days of the receipt of the invoice. In case payment is not received within such period, this shall be treated as a breach of contract and Imperial Auctions may take any steps, including the institution of legal proceedings, which are appropriate to enforce payment by the buyer. The buyer shall also be charged demurrage @ 2% per month on the value of the lots. In case of such defaulters Imperial Auctions reserves the right to publish / announce their names on their website and at appropriate places.
  35. Subject to Pune Jurisdiction.