Astaguru No Reserve Catalogue
Total Page:16
File Type:pdf, Size:1020Kb
NO AstaGuru RESERVE ONLINE AUCTION MODERN INDIAN ART AUCTION October 25 – 26, 2016 NO RESERVE AstaGuru AUCTION ONLINE AUCTION www.astaguru.com MODERN INDIAN ART All bids will open at Rs. 20,000/- (US$ 323) October 25 – 26, 2016 Sale Guide All bidding will take place on www.astaguru.com Institute of Contemporary Indian Art All lots are published in this catalogue and may be viewed ALL LOTS CAN BE VIEWED on the website. Monday, October 10, 2016 All lots can also be viewed at Institute of Contemporary 11.30 am - 7.00 pm Indian Art (ICIA) in Mumbai. Institute of Contemporary Indian Art ICIA Building, Rampart Row AUCTION DATES Next to Rampart House, Kala Ghoda Start : Mumbai - 400 023. India Tuesday, October 25, 2016 10:30 am IST (1:00 am US Eastern Time October 25, 2016) INQUIRIES Close : Anthony Diniz Wednesday, October 26, 2016 8:00 pm IST [email protected] (7:30 am US Eastern Time October 26, 2016) Tel: 91 - 22 - 22048138 / 39 Please Note that bidding closes at different times Fax: 91 - 22 - 22048140 according to lot groups. These timings have been listed in the Bid Closing Schedule. (Div. of Safset Agencies Pvt. Ltd.) The Antiquities and Art Treasures Rules 1973 - License No. 20 ICIA Building, Rampart Row Next to Rampart House, Kala Ghoda, Mumbai - 400 023. India ASTAGURU TEAM Buying at AstaGuru Estimates Closing and Winning Bid ! Estimates are based on an average market value of the lot. ! Winning bid is the last and highest bid at which the lot has closed. ! These are provided only as a guide for buyers. ! No new bids can be placed after the close of a lot. ! Buyers should not rely on estimates as a prediction of actual price. ! The closing bid is considered the winning bid only if the bid exceeds the ! Estimates do not include Buyer’s Premium. reserve price. ! All winning bids shall be posted on the website after the close of the auction. Reserves ! The Reserve price is the minimum price at which the lot shall be sold. Bid Cancellation ! ! There is no reserve price in this auction, all bids shall open at Rs.20,000/- Once any bid has been placed, it cannot be cancelled. (US$323) and shall be sold at the highest hammer price. ! AstaGuru reserves the right to cancel any bid in order to protect the efficacy of the bidding process. Buyer’s Premium ! There will be a 15% buyer’s premium calculated on the hammer price at the Buyer’s Premium close of the auction. ! In addition to the hammer price, the buyer agrees to pay AstaGuru the buyers VICKRAM SETHI TUSHAR SETHI DIGAMBER SETHI ! For all lots taxes are payable on the buyer’s premium at the applicable rate, premium calculated at 15% of the winning bid value (hammer price) on each lot. CHAIRMAN CEO COO included in the invoice. ! Service tax on the buyer’s premium shall be applicable for paintings Bidding purchased within India. Pre –Registration and Verification. SPECIALISTS After the Sale ! Prospective buyers should be registered and verified in order to bid. ! If you have won a lot you shall be informed via email after the auction has CLIENT RELATIONS ! If you have registered before, you will still need to pre-register and accept the closed. terms and conditions for the sale. (Use your previous login Id) ! You shall there after receive an email with the invoice stating buyers premium ! Fill the form online in order to pre-register, or call AstaGuru along with the related taxes. ! ! Once you have pre-registered a representative will call you to verify your If you are the winning bidder, you are legally bound to purchase the item from details. AstaGuru. Please note, that purchases will not be shipped out until full payment has been received and cleared. ! 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 Invoicing bidding access. ! All details for the invoice are to be provided prior to the auction. ! In case AstaGuru feels that it has not been provided with satisfactory ! After the sale, the Buyer as invoiced is required to pay the amounts in full information to give access for bidding, it will request a deposit of INR (including the additional charges). 500,000 or the US$ equivalent in order to give bidding access. ! No lot shall be sent without payment being made in full. ! AstaGuru.com reserves the right to give bidding access and can refuse bidding access as well. Shipping and Insurance ! All registrations should take place 24 hours before the auction. ! Price estimates do not include any packing, insurance, shipping or handling SONAL PATEL SNEHA K GAUTAM MAMTA RAHATE SUNNY CHANDIRAMANI ! Once you are accepted you shall receive an email confirming your bidding charges, all of which will be borne by the buyer. access along with your Login Id and password. [email protected] [email protected] [email protected] [email protected] ! Shipping will be charged on courier rates and are determined by the size, weight and destination of the package. Absentee Bids BUSINESS STRATEGY MARKET ANALYST MARKETING PR & BUSINESS DEVELOPEMENT ! You may place an absentee bid, by faxing the written bid form available online Duties & Taxes and in the printed catalogue. ! All duties and taxes shall be borne by the buyer. ! All bids must come in 24 hours before the auction. Sale in India Opening Bid ! All sales in India shall attract 12.5% VAT on the winning bid and 14.5% service ! Opening Bid is the value at which the auction house starts the bidding of each lot. tax on the buyer’s premium. ! Opening bid of each lot is Rs. 20,000/- (US$323). International sales Bidding Online ! There shall be no VAT and Service tax in International sales. ! Once you have identified the lot that you would like to bid on, click on “Bid Now” to confirm your bid at the value listed. Payment ! ! This is where you participate in the bidding process, by entering the next valid Buyers will be required to complete payment within a period of 7 business bid each time you are out-bid. days from the receipt of the invoice via email. ! ! The next valid bid will be at a 10% increment in value of the last valid bid. Any delay in payment will be liable for a 2% interest charged per month and a SIDDANTH SHETTY MANALI SONI ANANDITA DE TUSHAR DALVI storage charge of 2% per month. ! All lots have bid history available to be viewed. [email protected] [email protected] [email protected] [email protected] Delivery / collection of purchase Bid Increments Works will be shipped within 7 days of the payment being cleared. CONTENT EDITOR ADMINISTRATOR ! All bids will have an increment of 10% of the current valid bid. Buyers may choose to collect their purchase from AstaGuru in Mumbai within 7 Personalized Bid Notifications days from the date of the sale. ! By clicking on 'My Bid Summary', which is your personalized bid page, you Buyers who have completed payment formalities and have not taken delivery of may choose how frequently you would like to be notified of a change on your their art works from AstaGuru within 30 days of the completion of payment bid status. formalities, will be charged demurrage @ 2% per month on the value of the artworks. Bid History ! Bid history indicates the value recorded for each lot since the start of the auction. Participate in our next auction ! Bid History will not be displayed once the auction has closed. If you are interested in consigning works from your collection to our next sale, please contact us at [email protected] or at the auction help desk +91 22 Currency of Bidding 22075232. ! Bids can be placed in US Dollars (USD) or Indian Rupees (INR). If you would like to stay informed of AstaGuru’s upcoming events, please ! Buyers in India must pay for their purchase in INR and all other buyers must register with us online. pay in USD. SIDHANT NAYANGARA ANTHONY DINIZ [email protected] [email protected] 1 3 Lot No. 1 Lot No. 3 JAMINI ROY SAILOZ MOOKHERJEA NO Born 1887 - 1972 Born 1906 - 1960 UNTITLED UNTITLED 15 x 15 in (38.1 x 38.1 cm) 15 x 19.5 in (38 x 49.5 cm) RESERVE Tempera on mount board Oil on board circa 1940 Rs. 5,00,000 – 7,00,000 US$ 8,065 – 11,290 Rs. 4,00,000 – 6,00,000 US$ 6,452 – 9,677 AUCTION Signed : Bottom Right This lot is a National Art Treasure - This lot is a National Art Treasure - Non Exportable Item Non Exportable Item (payment only in Indian Rupees) (payment only in Indian Rupees) Exhibited : Past Present Unto The Future of Indian Art, Lalit Kala Provenance : From a private Delhi Academi, 2007 based collection, originally sold by Published : Jamini Roy - Uma, Ravi & Ram Babu Jain Estate, pg.41 Dhoomimal Art Gallery, New Delhi. Provenance : From a private Delhi based collection, originally sold by Dhoomimal Art Gallery, New Delhi. Lot No. 2 JAMINI ROY Born 1887 - 1972 UNTITLED 8 x 14 in (20.3 x 35.6 cm) Tempera on cardboard Rs. 4,00,000 – 6,00,000 US$ 6,452 – 9,677 Signed : Bottom Right This lot is a National Art Treasure - Non Exportable Item (payment only in Indian Rupees) Exhibited : Past Present Unto The Future of Indian Art, Lalit Kala Academi, 2007 Published : Jamini Roy - Uma, Ravi & Ram Babu Jain Estate, pg.11 4 Provenance : From a private Delhi based collection, originally sold by Dhoomimal Art Gallery, New Delhi.