LIVE AUCTION
Pundole’s auctions are open to the public during preview. Clients who are registered with us are welcome to attend our auctions. Each sale will have a catalogue available to view online approximately 3 weeks before the sale. Printed catalogues will be available for select sales approximately 2 weeks before the sale. Both the online and printed versions provide detailed descriptions and estimates for each lot, but we strongly encourage prospective buyers to inspect all lots they are interested in, in person, before the sale. If this is not possible, please contact us to request a condition report.
A more detailed explanation of our registration and bidding requirements is provided below.
All property sold at Pundole’s is subject to the Terms and Conditions of Sale printed in the catalogue. Please familiarise yourself with them as they will facilitate the sale process.
BIDDING
Prospective buyers may bid in an auction either by bidding on the telephone, leaving absentee bids for the auctioneer to execute on their behalf, or, bidding with Pundole’s LIVE online from a computer or any mobile device.
All bidders need to complete the registration process, as explained in the Registration section below.
To bid in an auction, all buyers should register with Pundole’s in advance. Buyers can bid in their individual capacity or on behalf of a corporate or other entity.
Telephone Bidding
Registered bidders can make arrangements with Pundole’s to bid on the telephone. As these will be accepted on a first come first serve basis, please try to make these arrangements at least 24 hours before the start of the auction.
Absentee / Written Bids
Registered bidders may also choose to leave Absentee Bids which the auctioneer will execute on their behalf during the sale. Please note that absentee bids should indicate the maximum limit per lot. All written bid amounts left should be in Indian Rupees and at the ‘hammer price’, i.e.: buyer’s premium will be added to the final bid amount should the bid be successful. The auctioneer will try and buy the lot at the lowest possible price above or at the reserve for the specified lot.
For any clarifications regarding the registration process and setting up telephone or absentee bids, please contact Mallika Sagar at [email protected] or +91 98202 96510.
Online / Mobile Bidding
Registered bidders may log in and bid online on the day of the sale. Please ensure you have been assigned a paddle number prior to the start of the sale, and, complete all registration formalities before the auction begins as first time bidders will be required to provide additional information as outlined in the registration process below. If bidding with Pundole’s for the first time, please ensure this procedure is adhered to, as immediate approval to bid may not be given in the event the auction has already begun.
Bidders will be able to follow the auction with Pundole’s LIVE through an audio and / or video feed and place their bids accordingly. The auction may be followed by downloading our mobile bidding application (available for Apple and Android devices) or on Google Chrome.
In the event of any technical difficulties online, bidders may call Pundole’s to try and be accommodated for a telephone bid, subject to availability.
Registration
Bidders may register online through the website. First time bidders will be required to provide the following at the time of registration:
Supporting documents for an individual:
- Copy of a valid government issued photo identification, including proof of address, i.e.: Passport, Driving License
- Copy of PAN card AND
- Copy of Aadhaar card
Supporting documents for a corporate or other entity:
- A copy of the certificate of incorporation
- A utility bill bearing the same address as on the form
- Copy of GST registration certificate
- A Board Resolution authorising the selected representative of the Company to bid in the auction on its behalf and bind the Company, together with photo identification of such representative
A refundable deposit of INR 20,000 to be paid to Pundole’s before the auction. This will be adjusted against any purchases made in the auction or returned to the bidder post the auction.
Only registered bidders will be allowed to bid in the auction. A letter of authorisation shall be produced by any person bidding on behalf of another person or entity. (Authorisation Form available on request.)
PROCESS
Viewing Works
All works will be on view both online and at Pundole’s viewing gallery, prior to the sale. Bidders are encouraged to view the works in person and discuss the condition with a representative from Pundole’s. Written condition reports are also available upon request. Please ensure that you request a condition report from Pundole’s on the lots that may be of interest, prior to the sale. Condition Reports broadly will provide details and information to the best of Pundole’s abilities, and Pundole’s cannot be held liable for any information that is erroneously provided or not mentioned. These reports have not been done by trained conservators. We encourage you to get an additional professional assessment should you need.
Condition reports will broadly state the physical and visible, damaged and restored areas of the artwork. If there is an area specifically mentioned, it does not exclude other similar areas, and if there is a problem not mentioned, it does not mean that they do not exist. Any statement by Pundole’s does not constitute a representation, warranty or assumption of liability by Pundole’s of any kind.
Auction
The sale will be conducted in Indian Rupees.
All works have a price range or estimate indicated in the catalogue. The estimate is the value assigned by Pundole’s to each work, keeping in mind comparable market examples for objects and the artists’ larger body for art works. Estimates are only indicative prices, and do not include buyer’s premium or any taxes, which will be additional. All catalogue descriptions are made to the best of Pundole’s knowledge, and are their opinion.
All works are sold subject to a reserve unless specifically indicated otherwise. The reserve is the minimum price at which the consignor has agreed to sell the work at, and in no case will exceed the low estimate of a work. All reserves are kept confidential. Therefore, any bids below the reserve will not be considered by the auctioneer to be a ‘selling price’.
Lots are usually opened for bidding below the low estimate, and increased in increments of approximately 10%. Any absentee bids that do not meet a standard bidding increment will be rounded down to the previous one. All increments are solely at the discretion of the auctioneer.
Buyer’s Premium and Government Taxes
The final price payable for every lot will be the Hammer Price (the price at which the auctioneer’s hammer falls) plus a Buyer’s Premium of 15%, plus applicable Goods and Services Tax (GST) and import duties, as described below.
All works are subject to a 15% Buyer’s Premium which will be added to the Hammer Price of each sold lot. This 15% Buyer’s Premium will be subject to applicable GST at 18%. (Taxes are subject to changes and revisions.)
All lots will be subject to the applicable GST (ranging from 3-18%) on the Hammer Price of each work (excluding the Buyer’s Premium). (Taxes are subject to changes and revisions.)
For works that have been imported into India (marked with a # in the catalogue), an import duty of 11% (or as applicable at the time of payment) on the hammer price will be applicable. The applicable GST will be charged on the total amount of the hammer price plus the import duty of 11% (or as applicable at the time of payment).
POST SALE
Payment
All successful bidders will need to put down a deposit of ten percent of the hammer price, either in cash or cheque or by bank transfer to guarantee their purchase. Non-payment of all balance payments within fourteen days post the sale may lead to forfeiture of the deposit.
All buyers will be responsible for all duties and taxes payable as a result of the sale of the lot.
Two separate Proforma Invoices will be sent by email to the email address indicated on the registration form. One proforma invoice for the hammer price plus the GST and the second for the buyer’s premium plus the GST. Any change to the invoicing name or address as given on the registration form should be communicated to [email protected] within 48 hours of the auction. Two separate final invoices will be raised for all purchases as stated here.
Payment should be made to Pundole’s within 14 days of the receipt of the proforma invoice. Payment will only be accepted from the same party as indicated on the invoice.
Payment will be accepted through cheques, wire transfers and demand drafts.
International buyers can pay through wire transfers. Invoices will be raised in Indian Rupees. International buyers who have wire transferred money from an overseas bank account can be exempt from paying GST and import duty (only for applicable lots) on the hammer price if the work is directly exported by Pundole’s through a licensed shipper, with the appropriate and required documentation. GST will still be applicable on the buyer’s premium, even if the lot is exported out of the country.
Cheques and demand drafts to be made out to Pundole’s. Cheques should be drawn on a local Mumbai bank account only.
All payments can be sent to:
Pundole’s
Hamilton House , Ground Floor
8 J.N. Heredia Marg
Ballard Estate
Mumbai 400 0001
Collection and Shipping
Pundole’s can arrange for local delivery in Mumbai and shipping within India and internationally at the buyer’s expense. All quotes will be on a Cost Insurance Freight (CIF) basis unless instructed otherwise. If Pundole’s organises delivery even within Mumbai, transit insurance will be mandatory. Shipping instructions should be clearly completed on the form provided with the invoice, and should be sent back at the earliest. Shipping estimates are available on request. Please contact [email protected] for more information. Any purchased lots not collected or shipped within 14 days of the auction will be moved to professional storage, at the buyer’s expense.
Local buyers who have purchased lots imported into India will be obliged to settle all invoices, including import duty, GST, etc. before such lots can be released from a Free Trade Warehousing Zone for free circulation within India.
All lots that have been imported into India (marked with a #)have been stored in a Free Trade Ware housing Zone. These lots will be cleared and released for free circulation within India from the FTWZ upon payment of customs duty @ 11% (or as applicable at time of payment) to Pundole’s.
Shipping for all lots imported into India will only be arranged by Pundole’s on behalf of the buyer. All packing, shipping, insurance and related expenses will be borne by the buyer.
International buyers who have wire transferred money from an overseas bank account can be exempt from paying GST and import duty on the hammer price if the work is directly exported by Pundole’s through a licensed shipper, with the appropriate and required documentation. GST will still be applicable on the buyer’s premium, even if the lot is exported out of the country.
All items that are either Registered with the Archaeological Survey of India, or, are over one hundred years old, or, are National Treasures whether specifically indicated in the catalogue or otherwise cannot be exported out of India. Pundole’s have taken all efforts to determine such lots but do not take responsibility for any lack of information or oversight.
Any works exported from India will be done in compliance with the export and foreign exchange laws of the country. Similarly, when importing works into a country, buyers should check on any import restrictions or applicable duties before confirming a shipping location. While Pundole’s will assist with both shipping and export, it is the buyer’s responsibility to be aware of all import and export regulations and obtain any necessary licenses or permissions.
All purchases must be collected or shipped within 28 days of the auction, subject to the registration process. No works will be delivered or shipped before all payments for purchases, shipping and insurance have been completed. Pundole’s reserves the right to cancel a sale if payment is not received within 45 days of the auction.
For any inquiries, please contact Khorshed Pundole at [email protected]
Registering Antiquities
For all works in the auction that are registered with the Archaeological Survey of India, the buyer will be required to follow the process of transferring ownership from the seller to their name.
Please note that the name on the invoice and the name on the registration certificate will need to be one and the same.
Once payment has been received in full by Pundole’s, the transfer process can begin. The property will remain with Pundole’s for the duration of the transfer process, and will be handed over to the buyer upon completion.
As agent for the seller, Pundole’s is obligated to ensure that the registration and transfer process are completed in accordance with the Antiquities and Art TreasuresAct,1972.
Pundole’s will not be responsible for any delays in the registration or transfer process. While Pundole’s will assist with the process, buyers are solely responsible for communicating with the ASI and ensuring that the Registration Certificate is received by them safely and accurately.
All charges, if any, associated with the registration and transfer process will be borne by the buyer.
It is recommended that buyers familiarise themselves with the Antiquities and Art Treasures Act, 1972. For further information, please contact Pundole’s or visit the ASI website – www.asi.nic.in
All works either registered with the Archaeological Survey of India, or, are over a hundred years old, or, are National Treasures, whether specifically indicated in the catalogue or otherwise are NON-EXPORTABLE as per the Antiquities and Art Treasures Act, 1972 and cannot be taken out of India.
CATALOGUE TERMS
Please familiarise yourself with the following terminology used to catalogue objects. All catalogue descriptions are made to the best of Pundole’s knowledge, relying on information provided by the Seller and are their opinion.
Paintings
JAMINI ROY
A work by Jamini Roy
“Signed… / Dated… / Inscribed…”
(Pictures, drawings, prints, miniatures, sculptures)
The work has been signed/dated/inscribed by the artist
“By Jamini Roy”
The artist, Jamini Roy, has been directly involved with the work
“Attributed to…”
A work probably executed by the artist
“Studio of… / Workshop of…”
A work executed in the studio or workshop of the artist, usually under his supervision
“…School / School of…”
A work executed by an artist working in the manner of a certain region or geographically specific style
“Manner of…”
A work executed in a particular artist’s style, but at a later date
Paintings / Objects
“Circa… / c. …”
Manufactured around the years specified, or somewhere in that period
Objects
“Labelled… / Dated… / Inscribed… / Signed… / Stamped…” (Furniture and Decorative Objects)
The label, dating, inscription, signature or stamp is contemporary with the object
“Marked… / mark of…” (Silver)
Indicates the location and year the object was manufactured, based on the hallmark symbols on the object and the corresponding information provided by the Bradbury Book of Hallmarks
“Marked… / Maker’s mark for…” (Ceramics/Porcelain)
Indicates the mark of the manufacturer
“Meissen style” or “in the style of Meissen”
The piece is a later work, or done to look like Meissen, but not Meissen
“weight / total weight …gms. / …kgs.” (Silver)
Weighing not less than the specified number of grams / kilograms
“gross weight / total gross weight … gms. / …kgs.” (Silver)
Weighing not less than the specified number of grams / kilograms including any non-Silver additions, e.g.: wooden pieces, glass, mirror, etc.
Glass, Ceramics and Porcelain
Reference to damage, missing pieces and/or restoration may be made in the lot description. If these details are not mentioned, it does not imply that there are no defects to the lot, nor restrict the damage to the specifics mentioned. Such information is only provided for reference, and all lots should be examined for condition prior to the sale or a condition report requested.
Lights and Electrical Fixtures
Lights, chandeliers and electrical fixtures may have been disconnected or disabled. Catalogue descriptions do not guarantee wiring or working condition, and bidders are encouraged to get them assessed by a qualified electrician.
Furniture
Pundole’s does not accept liability for any additional details, defects or alterations with respect to an item of furniture or any other object that was concealed by upholstery, or any kind of work that required the lot to be taken apart or dismantled. While Pundole’s will provide relevant information, all furniture and usable objects should be checked for durability and utility.
Clocks
Clocks may have been repaired and may include parts which are not original and may be sold without pendulums, weights or keys. Pundole’s does not guarantee working condition and bidders are encouraged to get them assessed by a qualified technician.
Please ensure that you request a condition report from Pundole’s on the lots that may be of interest, prior to the sale. These reports have not been done by trained conservators. We encourage you to get an additional professional assessment should you need. Condition reports will broadly state the physical and visible, damaged and restored areas of the artwork. If there is an area specifically mentioned, it does not exclude other similar areas, and if there is a problem not mentioned, it does not mean that they do not exist.
HOW TO BUY AT PUNDOLE’S TIMED ONLINE AUCTION
Pundole’s are open to the public during the auction preview days. Clients who are registered with us are welcome to bid in our auctions. Each sale will have a catalogue available to view online approximately 3 weeks before the sale. Printed catalogues will be available for select sales approximately 2 weeks before the sale. Both the online and printed versions provide detailed descriptions and estimates for each lot, but we strongly encourage prospective buyers to inspect all lots they are interested in, in person, before the sale. If this is not possible, please contact us to request a condition report.
This auction will be an online, timed auction.
A more detailed explanation of our registration and bidding requirements is provided below.
All property sold at Pundole’s is subject to the Terms and Conditions of Sale. Please familiarise yourself with them as they will facilitate the sale process.
BIDDING
Prospective buyers may bid in the auction either online or by leaving absentee bids with Pundole’s to execute on their behalf.
All bidders need to complete the registration process, as explained in the Registration section below.
To bid in an auction, all buyers should register with Pundole’s in advance. Buyers can bid in their individual capacity or on behalf of a corporate or other entity.
Online / Mobile Bidding
The auction will be held exclusively through online bidding. Please ensure you have been assigned a paddle number prior to the start of the sale, and, complete all registration formalities before the auction begins as first-time bidders will be required to provide additional information as outlined in the registration process below. If bidding with Pundole’s for the first time, please ensure this procedure is strictly adhered to, as immediate approval to bid may not be given in the event the auction has already begun.
The auction can be followed online (preferably on Google Chrome) or by downloading our mobile bidding application (available for Apple and Android devices).
In the event of any technical difficulties online, bidders may call a member of Pundole’s team on the mobile numbers provided to assist them with the bidding process or, in an emergency, to place bids on their behalf.
Khorshed Pundole +91 98196 91101
Dadiba Pundole +91 98200 28418
Rob Dean +91 99200 28418
Mallika Sagar +91 98202 96510
Priya Jaikishan +91 98201 88078
Once registered and approved for the sale, in order to place bids online, bidders can select the lot(s) they wish to bid on and click on each. When looking at the individual lot details, the screen will indicate the current bid. Bidders can choose to place the next valid bid by clicking on PLACE BID, entering the bid amount and then by clicking again on BID.
You may choose to select the next valid increment, or, alternatively, you may enter your own maximum bid (hammer price) as an absentee bid which will be executed on your behalf. Bidders should note that they could be immediately outbid by another absentee bid, so frequently refreshing the page you are on is recommended to ensure that you are aware of the most updated bid status on each lot.
Bids may also be placed on Pundole’s mobile bidding application. However, please ensure that all registration formalities have been completed prior to bidding.
Bids may also be placed through a member of Pundole’s team over the telephone, subject to availability.
Registered bidders may also choose to leave absentee bids with Pundole’s by completing an Absentee Bids Form. Please contact a member of Pundole’s team for more information.
Please note that once a bid is accepted, it is irrevocable.
Closure of Lots
Lots will start to close at the time designated at the beginning of the catalogue.
Each lot will close in the lot order of the catalogue, 90 seconds apart. If a bid is accepted within one minute of the closing time, an extension is activated which returns the countdown for that specific lot to 2 minutes, in order to allow other bidders to respond accordingly.
Absentee / Written Bids
Registered bidders may also choose to leave Absentee Bids with Pundole’s which Pundole’s will execute on their behalf during the sale. Please note that absentee bids should indicate the maximum limit per lot. All written bid amounts left should be in Indian Rupees and at the ‘hammer price’, i.e.: buyer’s premium will be added to the final bid amount should the bid be successful. Pundole’s will try and buy the lot at the lowest possible price above or at the reserve for the specified lot.
For any clarifications regarding the registration process and setting up absentee bids, please contact Mallika Sagar at [email protected] or +91 98202 96510.
Registration
Bidders may register online through the website. First time bidders will be required to provide the following at the time of registration:
Supporting documents for an individual:
- Copy of a valid government issued photo identification, including proof of address, i.e.: Passport, Driving License
- Copy of PAN card AND
- Copy of Aadhaar card
Supporting documents for a corporate or other entity:
- A copy of the certificate of incorporation
- A utility bill bearing the same address as on the form
- Copy of GST registration certificate
- A Board Resolution authorising the selected representative of the Company to bid in the auction on its behalf and bind the Company, together with photo identification of such representative
A refundable deposit of INR 20,000 to be paid to Pundole’s before the auction. This will be adjusted against any purchases made in the auction or returned to the bidder post the auction.
Only registered bidders will be allowed to bid in the auction. A letter of authorisation shall be produced by any person bidding on behalf of another person or entity. (Authorisation Form available on request.)
PROCESS
Viewing Works
All works will be on view both online and at Pundole’s viewing gallery, prior to the sale. Bidders are encouraged to view the works in person and discuss the condition with a representative from Pundole’s. Written condition reports are also available upon request. Please ensure that you request a condition report from Pundole’s on the lots that may be of interest, prior to the sale. Condition Reports broadly will provide details and information to the best of Pundole’s abilities, and Pundole’s cannot be held liable for any information that is erroneously provided or not mentioned. These reports have not been done by trained conservators. We encourage you to get an additional professional assessment should you need.
Condition reports will broadly state the physical and visible, damaged and restored areas of the artwork. If there is an area specifically mentioned, it does not exclude other similar areas, and if there is a problem not mentioned, it does not mean that they do not exist. Any statement by Pundole’s does not constitute a representation, warranty or assumption of liability by Pundole’s of any kind.
Auction
The sale will be conducted in Indian Rupees.
All works have a price range or estimate indicated in the catalogue. The estimate is the value assigned by Pundole’s to each work, keeping in mind comparable market examples for objects and the artists’ larger body for art works. Estimates are only indicative prices, and do not include buyer’s premium or any taxes, which will be additional. All catalogue descriptions are made to the best of Pundole’s knowledge, and are their opinion.
All works are sold subject to a reserve unless specifically indicated otherwise. The reserve is the minimum price at which the Seller has agreed to sell the work at, and in no case will exceed the low estimate of a work. All reserves are kept confidential. Therefore, any bids below the reserve will not be considered by the auctioneer to be a ‘selling price’.
Lots are usually opened for bidding below the low estimate, and increased in increments of approximately 10%. Any absentee bids that do not meet a standard bidding increment will be rounded down to the previous one. All increments are solely at the discretion of Pundole’s.
Buyer’s Premium and Government Taxes
The final price payable for every lot will be the final successful bid (Hammer Price) plus a Buyer’s Premium of 15%, plus applicable Goods and Services Tax (GST) and import duties, as described below.
All works are subject to a 15% Buyer’s Premium which will be added to the Hammer Price of each sold lot. This 15% Buyer’s Premium will be subject to applicable GST at 18%. (Taxes are subject to changes and revisions.)
All lots will be subject to the applicable GST (ranging from 3-18%) on the Hammer Price of each work (excluding the Buyer’s Premium). (Taxes are subject to changes and revisions.)
For works that have been imported into India (marked with a # in the catalogue), an import duty of 11% (or as applicable at the time of payment) on the hammer price will be applicable. The applicable GST will be charged on the total amount of the hammer price plus the import duty of 11% (or as applicable at the time of payment).
POST SALE
Payment
All successful bidders will need to put down a deposit of twenty five percent of the hammer price, either in cash or cheque or by bank transfer to guarantee their purchase within 3 working days. Non-payment of all balance payments within fourteen days post the sale may lead to forfeiture of the deposit.
All buyers will be responsible for all duties and taxes payable as a result of the sale of the lot.
Two separate Proforma Invoices will be sent by email to the address indicated on the registration form. One proforma invoice for the hammer price plus the GST and the second for the buyer’s premium plus the GST. Any change to the invoicing name or address as given on the registration form should be communicated to [email protected] within 48 hours of the auction. Two separate final invoices will be raised for all purchases as stated here.
Payment should be made to Pundole’s within 14 days of the receipt of the proforma invoice. Payment will only be accepted from the same party as indicated on the invoice.
Payment will be accepted through cheques, wire transfers and demand drafts.
International buyers can pay through wire transfers. Invoices will be raised in Indian Rupees. International buyers who have wire transferred money from an overseas bank account can be exempt from paying GST and import duty (only for applicable lots) on the hammer price if the work is directly exported by Pundole’s through a licensed shipper, with the appropriate and required documentation. GST will still be applicable on the buyer’s premium, even if the lot is exported out of the country.
Cheques and demand drafts to be made out to Pundole’s. Cheques should be drawn on a local Mumbai bank account only.
All payments can be sent to:
Pundole’s
Hamilton House,
Ground Floor
8 J.N. Heredia Marg
Ballard Estate
Mumbai 400 001
Payment will be released by Pundole’s to the Sellers only after receipt of the works by Pundole’s in Mumbai.
Collection and Shipping
Pundole’s can arrange for local delivery in Mumbai and shipping within India and internationally at the buyer’s expense. All quotes will be on a Cost Insurance Freight (CIF) basis unless instructed otherwise. If Pundole’s organises delivery even within Mumbai, transit insurance will be mandatory. Shipping instructions should be clearly completed on the form provided with the invoice, and should be sent back at the earliest. Shipping estimates are available on request. Please contact [email protected] for more information. Any purchased lots not collected or shipped within 14 days of the auction will be moved to professional storage, at the buyer’s expense.
Local buyers who have purchased lots imported into India will be obliged to settle all invoices, including import duty, GST, etc. before such lots can be released from a Free Trade Warehousing Zone for free circulation within India.
All lots that have been imported into India (marked with a #)have been stored in a Free Trade Warehousing Zone. These lots will be cleared and released for free circulation within India from the FTWZ upon payment of customs duty @ 11% (or as applicable at time of payment) to Pundole’s.
Shipping for all lots imported into India will only be arranged by Pundole’s on behalf of the buyer. All packing, shipping, insurance and related expenses will be borne by the buyer.
International buyers who have wire transferred money from an overseas bank account can be exempt from paying GST and import duty on the hammer price if the work is directly exported by Pundole’s through a licensed shipper, with the appropriate and required documentation. GST will still be applicable on the buyer’s premium, even if the lot is exported out of the country.
All items that are either Registered with the Archaeological Survey of India, or, are over one hundred years old, or, are National Treasures whether specifically indicated in the catalogue or otherwise cannot be exported out of India. Pundole’s have taken all efforts to determine such lots but do not take responsibility for any lack of information or oversight.
Any works exported from India will be done in compliance with the export and foreign exchange laws of the country. Similarly, when importing works into a country, buyers should check on any import restrictions or applicable duties before confirming a shipping location. While Pundole’s will assist with both shipping and export, it is the buyer’s responsibility to be aware of
all import and export regulations and obtain any necessary licenses or permissions.
All purchases must be collected or shipped within 28 days of the auction, subject to the registration process. No works will be delivered or shipped before all payments for purchases, shipping and insurance have been completed. Pundole’s reserves the right to cancel a sale if payment is not received within 45 days of the auction.
For any inquiries, please contact Khorshed Pundole at [email protected]
Registering Antiquities
For all works in the auction that are registered with the Archaeological Survey of India, the buyer will be required to follow the process of transferring ownership from the seller to their name.
Please note that the name on the invoice and the name on the registration certificate will need to be one and the same.
Once payment has been received in full by Pundole’s, the transfer process can begin. The property will remain with Pundole’s for the duration of the transfer process, and will be handed over to the buyer upon completion.
As agent for the seller, Pundole’s is obligated to ensure that the registration and transfer process are completed in accordance with the Antiquities and Art Treasure, 1972.
Pundole’s will not be responsible for any delays in the registration or transfer process. While Pundole’s will assist with the process, buyers are solely responsible for communicating with the ASI and ensuring that the Registration Certificate is received by them safely and accurately.
All charges, if any, associated with the registration and transfer process will be borne by the buyer.
It is recommended that buyers familiarise themselves with the Antiquities and Art Treasures Act, 1972. For further information, please contact Pundole’s or visit the ASI website – www.asi.nic.in
All works either registered with the Archaeological Survey of India, or, are over a hundred years old, or, are National Treasures, whether specifically indicated in the catalogue or otherwise are NON-EXPORTABLE as per the Antiquities and Art Treasures Act, 1972 and cannot be taken out of India.
CATALOGUE TERMS
Please familiarise yourself with the following terminology used to catalogue objects. All catalogue descriptions are made to the best of Pundole’s knowledge, relying on information provided by the Seller and are their opinion.
Paintings
JAMINI ROY
A work by Jamini Roy
“Signed… / Dated… / Inscribed…”
(Pictures, drawings, prints, miniatures, sculptures)
The work has been signed/dated/inscribed by the artist
“By Jamini Roy”
The artist, Jamini Roy, has been directly involved with the work
“Attributed to…”
A work probably executed by the artist
“Studio of… / Workshop of…”
A work executed in the studio or workshop of the artist, usually under his supervision
“…School / School of…”
A work executed by an artist working in the manner of a certain region or geographically specific style
“Manner of…”
A work executed in a particular artist’s style, but at a later date
Paintings / Objects
“Circa… / c. …”
Manufactured around the years specified, or somewhere in that period
Objects
“Labelled… / Dated… / Inscribed… / Signed… / Stamped…” (Furniture and Decorative Objects)
The label, dating, inscription, signature or stamp is contemporary with the object
“Marked… / mark of…” (Silver)
Indicates the location and year the object was manufactured, based on the hallmark symbols on the object and the corresponding information provided by the Bradbury Book of Hallmarks
“Marked… / Maker’s mark for…” (Ceramics/Porcelain)
Indicates the mark of the manufacturer
“Meissen style” or “in the style of Meissen”
The piece is a later work, or done to look like Meissen, but not Meissen
“weight / total weight …gms. / …kgs.” (Silver)
Weighing not less than the specified number of grams / kilograms
“gross weight / total gross weight … gms. / …kgs.” (Silver)
Weighing not less than the specified number of grams / kilograms including any non-Silver additions, e.g.: wooden pieces, glass, mirror, etc.
Glass, Ceramics and Porcelain
Reference to damage, missing pieces and/or restoration may be made in the lot description. If these details are not mentioned, it does not imply that there are no defects to the lot, nor restrict the damage to the specifics mentioned. Such information is only provided for reference, and all lots should be examined for condition prior to the sale or a condition report requested.
Lights and Electrical Fixtures
Lights, chandeliers and electrical fixtures may have been disconnected or disabled. Catalogue descriptions do not guarantee wiring or working condition, and bidders are encouraged to get them assessed by a qualified electrician.
Furniture
Pundole’s does not accept liability for any additional details, defects or alterations with respect to an item of furniture or any other object that was concealed by upholstery, or any kind of work that required the lot to be taken apart or dismantled. While Pundole’s will provide relevant information, all furniture and usable objects should be checked for durability and utility.
Clocks
Clocks may have been repaired and may include parts which are not original and may be sold without pendulums, weights or keys. Pundole’s does not guarantee working condition and bidders are encouraged to get them assessed by a qualified technician.
Please ensure that you request a condition report from Pundole’s on the lots that may be of interest, prior to the sale. These reports have not been done by trained conservators. We encourage you to get an additional professional assessment should you need. Condition reports will broadly state the physical and visible, damaged and restored areas of the artwork. If there is an area specifically mentioned, it does not exclude other similar areas, and if there is a problem not mentioned, it does not mean that they do not exist.
COLLECTION INFORMATION FOR CLIENTS INTENDING TO PURCHASE WORKS LOCALLY WITHIN INDIA:
Please note that all lots have been imported into India.
- Certain lots marked with a # will attract 11% duty on the hammer price, plus GST as applicable on the total of the hammer price plus the duty amount, payable by the buyer. These works will follow the procedure outlined on page 210 of the catalogue under Collection and Shipping, or can be found online in How to Buy at Pundole’s, under the Selling / Buying tab.
- For all other lots (with no # marking), even though duty is not payable by the buyer, the same procedure will be followed post the sale, ie.: these works will first return to the Free Trade Warehousing Zone (FTWZ) for clearance, and only upon complete payment of all invoices (hammer price, buyer’s premium and all taxes) by the buyer and completion of clearance formalities at the FTWZ, will be released into free circulation within India and delivered to the buyer (more details available on page 210).
Shipping procedures remain as stated in How to Buy at Pundole’s on page 210 of the catalogue (or online under the Selling/Buying tab).
For any questions, please feel free to contact a member of the Pundole’s team.