- How do I view the lots?
All lots for sale are featured in this auction catalogue. The number listed next to each
image is the lot number and should be used as a reference during bidding or for any
information requests. The lots in this sale may be viewed through any of the
i. The online auction catalogue available on storyltd.com
ii. The mobile auction catalogue available for download on your mobile device
- What do you mean by ‘Condition of Lots’?
All lots will be shipped out in an ‘as is’ condition, meaning that the item is sold with all
existing faults and imperfections. StoryLTD encourages all potential buyers to
inspect each item carefully before bidding and to not rely on an illustration of any
item given in the catalogue. Condition reports for all lots are available as a free
service, online or upon request by email, fax, or telephone.
- What are special lots?
Lots marked as "Art Treasures" and/or "Antiquities" under the Antiquities and Art
Treasures Act, 1972 cannot be exported outside India. Buyers are solely responsible
for meeting the requirements of the Antiquities and Art Treasures Act, 1972 or any
related state legislation.
- What are Price Estimates?
Each lot has a price range listed. These estimates are based on characteristics of
the lot such as condition, quality, rarity, provenance. These estimates are provided
only as a guide for buyers and do not include applicable taxes. If applicable there is
a link for pricing achieved for similar artworks at auction available next to the lot in
the online catalogue. Price estimates may be subject to revision.
- What is a Reserve Price?
Unless stated otherwise, all lots offered in the auction are subject to a reserve price,
which is the minimum price that the lot may be sold for. No lot will be sold below its
reserve price and the reserve price will not exceed the low price estimate. Reserve
prices are confidential and will not be disclosed.
- How do I register to bid?
Bidders are advised to register at least 24 hours in advance of the sale. Bidders may
choose to register online by going to the “Get Bidding Access” link on the auction
catalogue page. For more information, see “How do I bid in the StoryLTD auction” on
our “How to Bid” page.
If you have bid or been approved to bid with us before, please use your StoryLTD or
Saffronart login and password to accept the Conditions for Sale online. Please note
the invoicing details provided at the time of registration cannot be changed after the
- How do I bid?
i. Bidding Online: Once you have identified the lot that you would like to bid on, click
on "Bid Now" and enter either the bid amount for regular bidding, or a maximum
price for proxy/automatic bidding. Regular bidding is the method by which you
actively participate in the bidding process by entering the next valid bid (or one of a
higher value) each time you are outbid. Your screen will display the next (minimum)
valid bid, based on a predetermined increment. You may enter a bid at that exact
value only. You may also view the entire bid history prior to making your decision.
After you enter your bid, it is advisable to view the bid history to verify that your bid
has been recorded. Please note that bidders may be contacted during the auction for
bid verification in order to protect all bidders and maintain the efficacy of the
ii. Bidding on the Phone: StoryLTD accepts requests from bidders to place bids on
the phone with our staff depending on availability. To avail of this service, you must
be registered as a bidder. Please note that the number of telephone lines available
for telephone bidding may be limited and this facility is provided at StoryLTD’s
iii. Bidding on the Mobile: Bidders may download a MobileApp from StoryLTD onto
any mobile device that supports Android and iOS and use it to place bids during the
sale. To avail of this service, you must be registered as a bidder. Visit the App Store
for iOS, and the Google Play store for Android enabled devices.
- What are bid increments?
Any new bid must be greater than the current highest bid by a minimum increment.
The next valid bid amount is the current highest bid plus the minimum increment
value. The auctioneer may vary the increments during the course of the auction at
his or her discretion. Online bids however, are accepted only at the next valid bid
based on the minimum increment.
- Can a bid be cancelled?
Once the auction has started, bids may not be cancelled by a bidder. However, the
bidder may choose to lower the maximum value on a proxy bid during the auction if
the bidder's maximum (proxy) value has not yet been reached. StoryLTD reserves
the right to cancel a bid at its discretion if it considers it necessary to do so in order
to protect the efficacy of the bidding process.
- What is the currency of bidding?
Bids may be placed in US Dollars (USD) or Indian Rupees (INR). However, only
buyers in India may pay for their purchases in INR at the close of the auction. All
other buyers must complete payment in USD. Persons residing in India wishing to
bid in USD must be eligible under the various foreign exchange regulations to make
payments overseas. Please contact StoryLTD for further details. Please see the
exchange rate section in our Conditions for Sale online.
- What is an Opening/Start Bid?
The opening/start bid is the value at which the auction house starts the bidding on a
particular lot. Proxy bids received before the start of the auction will be recorded as
i. If the proxy bid is less than the opening bid value it will be recorded and displayed
below the opening bid value at the time of the start of the auction in the bid history
for that particular lot.
ii. If the proxy bid is greater than the opening bid value and is less than the next valid
bid for that lot (based on the minimum increments) it will be recorded and displayed
as the current highest bid above the opening bid value at the time of the start of the
auction in the bid history for that particular lot. The next valid bid in this case will be
greater than the current highest bid by a minimum increment, which applies to that
iii. Multiple proxy bids received on a particular lot before the start of the auction will
be recorded and displayed in the bid history of the lot according to the values with
the highest bid being the current valid bid at the time of the start of the auction.
Absentee/proxy bids received at the same value will be prioritised based on the time
of receiving the bids and will be shown in the bid history of the lot.
- How do I track my bids?
Bidders can keep track of their bids by hitting the "Bid History" link below the "Bid
Now" button, adjacent to the image of each lot. By tracking bids for particular lots,
bidders can view bid increments, the date and time at which the bid was placed, and
what the current bid stands at.
For ease of tracking bids, bidders are advised to assign bidding nicknames to
themselves when prompted.
The most updated bid values shall be shown only when the page on the website
containing the information on bid values is refreshed, which shall happen either
automatically at regular intervals (indicated at the top of the page), or when a bidder
clicks on the "click to refresh immediately" link on the page, or on the "refresh" or
"reload" button on his/her internet browser. After the values on the page have been
refreshed, any changes in bid values shall not be visible to the bidder until the values
are refreshed again whether automatically or by the bidder.
We encourage bidders to set proxy bids for lots they are interested in well in
advance of the closing time for a lot.
- When does a lot sell? What are closing and winning bids?
The closing bid for a lot is the highest bid at the time a particular lot’s bidding has
ended. No further bids can be made at that point. The closing bid is considered a
winning bid, only if the bid equals or exceeds the reserve price. If the closing bid on a
particular lot is below the reserve price, it will not be considered a winning bid and
the lot will be deemed unsold. However, if the closing bid belongs to a proxy bidder
and is below the reserve price, but the proxy bidder’s maximum bid price exceeds or
equals the reserve price, then the lot will be sold to the proxy bidder at the reserve price. The winning bids for all sold lots will be posted on the website after the close
of the auction.
Groups of lots are scheduled to close at different times on the last day of the auction.
The bid closing schedule for each auction is listed online, and at the back of the
printed catalogue. Pre-determined groups of lots will close according to the bid-
closing schedule unless a bid is recorded within a span of 2 minutes prior to the lot’s
scheduled closing time. In this case, the lot closing time will be extended to 2
minutes after the time of the last bid. If this time extension takes place, bidding on
any lot will only end if there is no bid recorded for a continuous period of 2 minutes.
Bidders are advised to click on the "click to refresh immediately" link on the website
page being viewed by them, or on the "Refresh" link if bidding on a mobile, at regular
intervals for updates on latest bids and time extensions if any.
- What is Buyer’s Premium?
In respect of each sale at this auction, StoryLTD shall not charge a Buyer's Premium.
- How will I be invoiced?
If you win a bid, you will be sent an email after the close of the auction, containing an
invoice for the winning bid plus additional charges (shipping, handling, duties and
taxes as applicable) and GST at applicable rates. The invoicing details provided at
the time of registration will be used to raise the invoice and no changes will be
accepted after the sale.
You may review acceptable modes of payment described in the section below. If you
are the winning bidder, you are legally bound to purchase the item from StoryLTD.
Please note that purchases will not be shipped out until payment has been received
- What are additional charges?
All post-sales expenses, including packing, insurance, shipping or handling charges,
are borne by the buyer. Shipping will be charged on courier rates and are
determined by the value, origin and destination of the package. Local deliveries will
be charged at actuals.
You may choose to make your own arrangements for shipping and handling.
However, all documentation requirements must be complied with. Please contact us
for further details.
- What are the Duties and Taxes applicable on my purchase?
All duties and taxes applicable shall be borne by the buyer and will depend on the
value, origin and destination of the package.
i. Deliveries in India for lots originating in India: Any sale of lots originating from India
to an address in India is subject to a GST at applicable rates on the winning bid
valueThe final charges will be determined at the close of the auction and will be sent
by email to the winning bidder.
ii. International shipments for lots originating in India: For lots originating from India,
there may be duties and taxes levied depending on the delivery destination which
typically will be on the total of the winning bid and shipping and handling values.
Depending on the shipping address, these duties and taxes vary according to
customs regulations in the destination country. Any shipments to EU countries will be
charged an additional VAT as applicable. Please contact StoryLTD for further
For imports, the terms of sale are Delivered Duty Unpaid (DDU). It is the buyer’s
responsibility to pay all international duties, customs charges, taxes and tariffs to the
respective authorities. Normally, the couriers we contract will pay import duties on
behalf of the buyer and get reimbursed at the time of delivery.
(iii) Shipments and Deliveries for Lots originating outside India (lots marked with the
symbol ) These lots are located outside India. Persons residing in India can bid on
and pay for in USD by complying with the appropriate foreign exchange regulations
for making overseas payments. There are import duties applicable on artworks
shipped into India. Please contact StoryLTD for further details. In the event that the
lot is to be shipped internationally, additional charges for international shipments
mentioned in the above section shall apply.
Please Note: Lots may require permits for import or be subject to import restrictions
to certain countries. Potential buyers are advised to check import regulations prior to
making a bid decision.
- How do I make payment?
Buyers will be required to complete payment within a period of 7 business days from
the receipt of the invoice via email. If you have not received your invoice within 48
hours of the close of the sale, please contact us.
For Buyers in India
Payment can be made in INR only by the following acceptable modes of payment:
i. Cheque/Demand Draft: To be made in favour of Saffron Art Private Limited
ii. RTGS/NEFT: Details will be included with the invoice and available upon request
iii. Credit card: up to INR equivalent of USD 5,000
For Buyers outside India Payment can be made in USD only by the following
acceptable modes of payment:
i.Cheque: To be made in favour of Saffron Art Private Limited
ii. Direct wire transfer: Details will be included with the invoice and available upon
iii. Credit card: up to USD 5,000
Payment from an NRE account: The invoice will be raised in USD based on the
winning bid value, and the buyer will have to transfer an equivalent INR amount at
the bank exchange rate
- When will my purchases be delivered/can I collect my purchases?
Purchases shipped out within 10 - 15 business days of the payment being cleared
are insured under the terms of StoryLTD’s insurance policy (please note that frames
are not insured). If there is an expected delay in dispatch, the buyer will be informed
of the delay via email, unless the buyer has indicated an alternative preferred mode
Buyers may choose to collect their purchases from the Saffronart office in Mumbai.
In such cases, buyers are requested to make an appointment to collect purchases
within 10 - 15 business days of completion of all payments and documentation
formalities. Buyers who have completed payment formalities and have not taken
delivery of their lots from StoryLTD within 30 days of the completion of payment
formalities will be charged storage and insurance at applicable rates.
- What documentation will I receive with my purchases?
Upon confirmation of delivery or receipt of shipment, we will send you the invoices
for your purchases along with any relevant documentation for the lot that has been
mentioned in the lot details. Please note that StoryLTD does not issue any
authenticity certificates and does not provide artist authenticities either.
- What if my shipment reaches damaged?
All purchases from this sale are final. In the unlikely event of your receiving a
damaged product, please notify StoryLTD directly within five days of receipt of the
lot. Please call or email us at any of our locations mentioned in the Sales and
Enquiries section. If StoryLTD does not receive any notification within 7 business
days of delivery, it shall be assumed that the lot has been received in good condition,
and no claims will be entertained.
- What are some of the symbols used next to the lots on auction?
i. Lots marked with are not situated in India and therefore, may only be bid for and
purchased in USD. Persons residing in India, wishing to bid in USD must be eligible
under the various foreign exchange regulations to make payments overseas. Please
contact StoryLTD for further details.
ii. Lots marked with indicate
that StoryLTD owns the lot in whole or in part or has
an economic interest in the lot equivalent to an ownership interest.
- How do I participate in your next auction?
If you would like to register to bid or consign to any of our upcoming auctions please
contact any of our locations listed in the Sales and Enquiries section. If you would
like to stay informed of StoryLTD’s upcoming events, please register with us online