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BUYING AT ASTAGURU BUYING AT ASTAGURU
Estimates Absentee Bids
• Estimates are based on an average market value of the lot, determined at AstaGuru’s discretion. • You may place an absentee bid, by faxing the written bid form available online and in the printed
• These are provided only as a guide for Buyers. catalogue.
• Buyers should not rely on estimates as a prediction of actual price. Buyers are advised to carry out • All bids must come in 24 hours before the auction.
independent research.
Proxy Bids
• Estimates do not include margin, packing, insurance, shipping, handling charges and any other taxes.
• You may place proxy bids on the website once the auction catalogue goes live and will be available
Reserves until the end of the auction.
• The Reserve price is the minimum price at which the lot shall be sold. • Once you have identified the lot that you would like to bid on, click on "Proxy bid" and enter desired
• The Reserve price is confidential and will not be disclosed. amount (10% more than the “next valid” bid) and confirm your bid at the value submitted.
• Proxy bid placed on a lot before an auction cannot be resubmitted online. Bidders can update such
Margin proxy bids by submitting a duly signed written bid form provided on the website.
• In addition to the hammer price, the buyer agrees to pay AstaGuru a margin calculated at [1 %] of the8 • In case a bidder is outbid on their proxy bid, they will be intimated of the same and can update the
winning bid value on each lot. proxy online if they wish to so.
• For all lots, taxes are payable on the final price which includes the Auction House Margin at the • AstaGuru reserves the right to reject any proxy bid at its discretion without having to provide any
applicable rate, included in the invoice. explanation.
Bidding Opening Bid
Pre–Registration and Verification • Opening Bid is the value at which the auction house starts the bidding of each lot.
• Prospective buyers should be registered and verified by AstaGuru in order to bid. • Opening bid is 10% lower than value of the lower estimate.
• If you have already registered before, you will still need to login and accept the terms and conditions
for the sale. (Use your previous login Id). Bidding Online
• Fill the form online in order to pre-register, or call AstaGuru. • Once you have identified the lot that you would like to bid on, click on "Bid" to confirm your bid at
the value listed.
• 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. • You may participate in the bidding process, by entering the next valid bid each time you are out-bid.
• In the event a bid is placed under three minutes from the closing schedule of the lot, the closing
• AstaGuru may (i) request a security deposit to be made in H or its equivalent in $
(in the event the buyer is a non-resident) . The tier based bidding limit corresponding to security time for that particular lot will be extended by three minutes. The extension will continue until such
deposit are as the following. time that the last bid is not placed under three minutes from the closing time.
• All lots bid history will be made available to be viewed for valid bidders.
Security Deposit Bidding Limit
I 2,00,000 I 20,00,000 Modes of Bidding
I 3,00,000 I 30,00,000 • Online bidding access, access to bid through Asta uru’s Mobile App and telephone bidding facility,G
I 5,00,000 I 5 ,00,0000 shall be given at our discretion.
I 10,00,000 I 1,00,00,000 • We may set limits on the number of bids that may be made by a bidder.
(ii) please note if there has been no acquisition during the auction a refund of the entire deposit • Bidders/Participants shall be informed of their bidding limits if applicable.
amount is issued to the relevant account within 5 working days; (iii) in case there has been an1 • Upon exhausting the respective bidding limit any further bid will be restricted at AstaGuru’s behest.
acquisition, the deposit amount will be adjusted with the total amount payable for the purchase; v(i )
request additional information from the bidders, including PAN and Aadhar details to verify any Bid Increments
information in the registration form; ( ) request any additional bank references or guarantees.v • All bids will have an increment of 10% of the current valid bid. Once the bid value exceeds the
• In case pre-registration has been applied on behalf of a corporate entity upon the completion of Rupees five crores (equivalent value $) the increment will be of 5%.
verification all first time corporate users will require to update the relevant ‘Articles of Incorporation’
and ‘Memorandum of Association’. Personalized Bid Notifications
• By clicking on ‘My Bid Summary’, which is your personalized bid page, you may choose how
• All bidders should obtain bidding access 24 hours before the auction.
frequent you would like to be notified of a change on your bid status.
• Once your application for bidding access has been accepted you shall receive an email confirming
your bidding access along with your login Id and password. • You may also be notified on your registered email address and mobile number, if:
• AstaGuru reserves the right to give bidding access at its discretion. • You are outbid on a particular lot;
• You have won a particular lot in an auction.
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