Page 9 - Sidharta Auctioneer

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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's Fine Art
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 re-

quest 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 relation-
ship 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.

The lots are auctioned in consecutive numerical order with video image or any manner of display we consider appropriate. Bidding is done
in Indonesian Rupiah in incremental price increase. The auctioneer accepts bids from those present in the saleroom, from telephone bid-
ders, or by absentee bids left with us in advance of the Auction.

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