Page 10 - Sidharta Auctioneer
P. 10

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


       10
   5   6   7   8   9   10   11   12   13   14   15