Page 10 - Sidharta Auctioneer

Artfordable & Future Vintage Auction

Auction Notification

SIDHartA Auctioneer is an officially registered auction house under the supervision
of Indonesia’s Direktorat Jenderal Kekayaan Negara. An Auction Registrar, Chitra
Mukhsin, is present to ensure the auction runs properly, reports are submitted to the
government, and payments from winning bidders are completed on time.

This is a Continental Style auction, where bidders compete until the highest bid is
reached. A 22% buyer’s premium is added to the hammer price and paid by the
winning bidder.

Lots are presented in numerical order. Auctions typically move at a rate of 50 lots per
hour, so for example, 118 lots should take about 2 hours and 21 minutes.

Each lot includes an estimate, which reflects the current market value. Bids within that
range may win the lot, though final prices can be lower (at reserve price) or higher
depending on demand.

Most lots have a reserve price, the minimum at which the seller agrees to sell. Until
this reserve is met, the auctioneer may place bids on the seller’s behalf (“with me”). A
lot is considered sold only after the reserve is met and the auctioneer strikes the
hammer.

We accept Written, Phone, and Online Bids. Phone operators will bid on behalf of
remote bidders. Absentee (written) bids are pre-registered and executed by the
auctioneer up to the specified limit. Online bids are processed automatically. Floor
bidders compete with all of these.

All lots are sold as is. Condition reports are available upon request. Any corrections to
catalog descriptions will be posted in Sale Room Notices.

We do not issue certificates unless explicitly stated in the catalog.

Invoices, including the 22% buyer’s premium added to the hammer price, will be
issued by Tuesday or Wednesday. Please be informed that there is a buyer’s premium
of 22% on top of the hammer price applied to the winning bidder. Payment is due
within three days via bank transfer or credit card. Lots may be picked up with proof
of payment or delivered at an additional cost.

Thank you and happy bidding!
SIDHartA Auctioneer

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