Page 6 - Sidharta Auctioneer

guide

for bidders

Bidding at the Auction

The following pages are designed to give any prospective bidders useful information on how to bid and buy at

Sidharta Auctioneer Collectibles auction (the “Auction” or the “Sale”).

1. BEFORE THE AUCTION

Estimates
The estimated price range of each lot, printed below the description of each lot, is intended solely to be a guide

for prospective buyers. Any bid between the high and the low estimated price range would, in our opinion, offer a

fair chance of success in the purchase of the lot. However, all lots, depending on the degree of competition, can

realise prices either above or below the estimates. Estimates do not include the Buyer’s Premium.

Reserves

The reserve is a confidential minimum price the seller is willing to accept in the sale of the lot. If the highest bid
of the lot fails to reach the reserve, the lot will not be sold.

Pre-Auction Viewing/Condition of Lots

Prior to the Auction, viewings will be open to public and free of charge. The condition of each lot is described in

the condition report which Sidharta Auctioneer prepared with reasonable effort and good professional manner.

We strongly encourage interested buyers to request these condition reports and to examine the lots properly. The

absence of reference to the condition of a lot in the catalog description does not imply that the lot is free from
faults or imperfections.

2. THE AUCTION

Buyer’s Terms

The Auction is governed by the Terms for Buyers and Sales Terms printed in this catalog. These Terms apply to all

aspects of the relationship between Sidharta Auctioneer and actual and prospective bidders and buyers. Anyone
considering bidding in the Auction should read and understand them carefully. They may be amended by way of

notices posted in the saleroom or by way of announcement made by the auctioneer.

Bidding at the Auction

Registration is required for all bidders 30 minutes prior to the start of the Auction. The identity of bidders will be

verified. Bids may be executed in person by the use of paddle or by telephone through Sidharta Auctioneer’s staff

during the Auction, or in writing prior to the Sale. The Auction speeds vary, but usually average between 50-60
lots per hour.

We reserve the right to refuse admission to the premises or participation in any auction and to reject any bid.

Consecutive and Responsive Bidding

The auctioneer may open the bidding on any lot by placing a bid on behalf of the seller. The auctioneer may further
bid on behalf of the seller, by placing consecutive or responsive bids for a lot, up to amount of the reserve.. save

for lots with Early Bird Written BIds, the auctioneer will start the bidding at Top Limits (as defined below) submitted

by Early Bird bidders (Please see section “Early Bird Written Bids” below for more details).

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