Spring Auctions 2021

Women have been the primary focus of G Ravinder Reddy’s work throughout his artistic oeuvre.
Drawing inspiration from both the sacred and the mundane, whether it were the gilded sculptural
forms of temple deities or the everyday working women he saw in Bombay in the early 1980s,
Reddy’s “work is a celebration of the female form, encapsulated by his eye for detail as well as his
respect for the feminine – whether depicted as giant heads or figurative, voluptuous sculptures…
In all his depictions, whether it’s the nudes or figures inspired from scenes in everyday life… there
is a tremendous, but restrained sensuality.” (Akhila Ranganna, “Why sculptor G Ravinder Reddy is
obsessed with large, disembodied heads of women,” scroll.in, 7 August 2017, online)

249

Image courtesy of Barla Bhargav According to Martha Jakimowicz, Reddy’s
250 approach in portraying women and the
process of sculpting their physical form
is both “…sensitive to and celebratory of
how they are to themselves and one [that]
acknowledges their simple exuberance and
their assured, powerful presence… Working
with live sitters, Reddy models first in clay
and his figures retain much of the lively and
dynamic directness of an attuned realistic
portrayal together with a palpable sensuous
feel of rich flesh, smooth, shiny skin and plump
folds sated in lush maturity. His women never
seduce or display themselves. Their nudity is
naturally and comfortably open — graceful,
calm and dignified, sometimes with a tinge
of the endearingly awkward. Thanks to an
amount of simplification and regularity, an
emphasis on volume pushing out from inside,
the figures gain a universal quality and some
of the sublime monumentality of classical
statuary which is also generated by their
sheer size. The icons, yet, do not leave the
present, since cast in fiberglass and covered by
glossy, opaque commercial paint, they absorb
a contemporary, popular feel… Fleeting
emotions merge under the persistent sense of
wondrous joy, as the women’s huge, wide open
eyes look right into the viewer and further
as well as inside them, as if not noticing the
spectator.” (“Volatile Allure: Metamorphoses
of the Ethnic Woman,” Enchanting the Icon,
Mumbai: Sakshi Gallery, 2003, p. 15)

The present lot was once part of Timeless Art,
an exhibition celebrating the Times of India
newspaper’s sesquicentennial year, with works
on display at the Victoria Terminus (now
Chhatrapati Shivaji Maharaj Terminus) railway
station in Mumbai in 1988. Curated by Pritish
Nandy, who was then the publishing director
of the newspaper, the exhibition culminated
in an auction of select works, including the
present lot, held a month later aboard a ship
at the docks at Navy Nagar.

115

G RAVINDER REDDY (b.1956)

Untitled

Signed and dated 'G RAVINDER REDDY/ 1987/88' (on the reverse)
1987 ‒ 1988
Acrylic on fibreglass
Height: 17.25 in (44 cm)
Width: 82.25 in (209 cm)
Depth: 37.5 in (95.5 cm)

$55,560 ‒ 83,335
Rs 40,00,000 ‒ 60,00,000

PROVENANCE
Acquired in an auction curated by Pritish Nandy for the Times of India's
150th anniversary exhibition Timeless Art, 1988

251

a 116
b
252 SURENDRAN
NAIR (b.1956)

a) Merman Play

Signed and dated 'Surendran
99' (lower right), inscribed
''MERMAN PLAY'' (lower left)
1999
Watercolour on paper
21.5 x 29.5 in (54.9 x 74.7 cm)

b) The Mortal Wound of Chiron
the Centaur

Signed 'Surendran' (lower
right), inscribed 'The Mortal
Wound of Chiron the Centaur'
(lower left)
Watercolour on paper
21.75 x 29.25 in (55 x 74.6 cm)

$6,945 ‒ 9,725
Rs 5,00,000 ‒ 7,00,000

(Set of two)

PROVENANCE

Saffronart, 4‒5 December 2018, lot 2

An Important Private Collection,
New Delhi

EXHIBITED

Horn Please: Narratives in
Contemporary Indian Art, Bern:
Kunstmuseum Bern, 21 September
2007 ‒ 6 January 2008

PUBLISHED

Bernhard Fibicher, Suman Gopinath
eds., Horn Please: Narratives in
Contemporary Indian Art, Ostfildern:
Hatje Cantz Verlag, 2007, pp.
154‒155 (illustrated)

b) Ranjit Hoskote ed., Itinerant
Mythologies: Surendran Nair,
Mumbai: Sakshi Gallery, 2009, p. 130
(illustrated)

PROPERTY OF A GENTLEMAN, NEW DELHI The natural surroundings and inhabitants of Sri
Lanka’s forests are the anchoring theme of Senaka
117 Senanayake’s art. An artistic prodigy, the Colombo‒
based artist is deeply committed to preserving
SENAKA SENANAYAKE (b.1951) the depleting rainforests of Sri Lanka — many of
which were converted into tea estates and rubber
Bathing Elephants plantations during the years of colonial rule — and
uses his art to draw attention to this cause. His brightly
Signed and dated '2018/ Senaka Senanayake' hued canvases appear deeply spiritual, and evoke
(lower right) unbridled happiness, which is of great importance
2018 to the artist. The forest scenes of birds and animals
Oil on canvas within close‒ups of large leaves and flowers evoke a
24 x 24 in (61 x 61 cm) dream‒like magical realm that is reminiscent of the
artist Henri Rousseau. The present lot, painted in
$13,890 ‒ 16,670 Senanayake's typically cheerful palette, offers a defiant
Rs 10,00,000 ‒ 12,00,000 vision of natural beauty to a world dominated by war
and strife. It represents a celebration of simplicity and
PROVENANCE living in harmony with nature.
Grosvenor Gallery, London

EXHIBITED
Modern Masters and Senaka Senanayake, presented
by Grosvenor Gallery at Miami: Art Miami, 4 ‒ 9
December 2018

253

Nataraj Sharma’s works allude to the unpredictable yet inevitable confluences of nature, civilisation and
industrialisation, often revealing complex interactions. The artist moved to Vadodara in 1994 to teach art, and
encountered construction and upheaval in a rapidly gentrifying city. He was interested in the "transgressed
and transforming landscape" and the mechanisms behind it. (Grant Watson, "Simulated Realities and Virtual
Experience," Voices of Change: 20 Indian Artists, Mumbai: Marg Publications, 2010, p. 113) 
At the centre of the symmetrical composition in the present lot stands a local man, disproportionately tall,
presumably from the Gujarati village of Jambughoda – merely two hours from Vadodara at the foothills of the
Vindhyas. According to Watson (p. 102), "the representation of the human form trapped within structures larger
and more powerful than itself takes on a sense of the monumental in Sharma's many paintings.” The architecture
of the setting seems to suggest opulence, possibly a wing of the historic Jambughoda Palace, which has been
partially converted into a hotel and is located in the midst of nature with a wildlife sanctuary nearby. Sharma has
created other similar works in which animals or humans stand alone against an elaborate backdrop, reiterating the
artist's preoccupation with confronting the collision between nature and the manmade environment. 

254

118 PROVENANCE
Vadehra Art Gallery, New Delhi
NATARAJ SHARMA (b.1958) An Important Private Collection, New Delhi

Jambughoda Man EXHIBITED
Nataraj Sharma: Swimmer's Manual and Other Stories,
Inscribed, signed twice and dated 'JAMBUGHODA New Delhi: Vadehra Art Gallery, 10 ‒ 29 March 2018;
MAN/ Nataraj/ SEPTEMBER 2017' (on the reverse) Mumbai: Bhau Daji Lad Museum, 9 April ‒ 11 May 2018
2017
Mixed media on canvas
30 x 72.25 in (76.3 x 183.3 cm)

$16,670 ‒ 20,835
Rs 12,00,000 ‒ 15,00,000

255

“...my work is more of a critique and I am not trying to provide
any answers to the question of violence.” — T V SANTHOSH

Adopting and manipulating media‒generated images, T V Santhosh uses his body of work to raise ethical and
philosophical questions about the current culture of violence we are immersed in, and the skewed ways in which
it is represented to us. Santhosh’s paintings expose the multiple readings inherent in the situations they depict,
forcing us to pause and question the veracity of the images and information we receive on a daily basis through
the current news media.

By inverting their colours and turning them into their negatives, the artist moves away from chronologic and
geographic specificity, conferring these works with global resonance. “The distinctive stylistic treatment, which
makes Santhosh’s paintings recognizable without being predictable, subsumes three cardinal elements: first, a
mode of representation that has erroneously been termed as photo‒realism; second, a strict turning of chromatic
scale; and third, an incremental transfiguration of the material, by degree and detail, that is all the more shocking
for its unobtrusiveness.” (Ranjit Hoskote, “Transfigurations at the Margin of Blur: Recent Paintings by T V Santhosh,”
One Hand Clapping/Siren, Mumbai: The Guild, 2003)

256

119 PROVENANCE
The Guild, Mumbai
T V SANTHOSH (b.1968) Christie's Hong Kong, 29 November 2015, lot 245
Sotheby's, London, 25 October 2017, lot 80
For a Life Lost between Bullets and Bombs
EXHIBITED
Signed, inscribed and dated 'TVSanthosh/ T.V. ArtParis + Guests, presented by The Guild at Paris: Grand
SANTHOSH ‒ 2010/ FOR A LIFE LOST BETWEEN Palais, 17 ‒ 22 March 2010
BULLETS/ AND BOMBS' (on the reverse)
2010
Oil on canvas
48 x 144 in (122 x 366 cm)

$41,670 ‒ 55,560
Rs 30,00,000 ‒ 40,00,000

(Diptych)

257

120

BOSE
KRISHNAMACHARI (b.1963)

Untitled
Inscribed 'C.K. BOSE'
(on the reverse)
Acrylic on canvas
71.75 x 35.75 in (182.5 x 91 cm)
$4,170 ‒ 6,945
Rs 3,00,000 ‒ 5,00,0000
PROVENANCE
Aquired directly from the artist
An Important Private Collection,
Mumbai

258

121 PROVENANCE
Saffronart, 5‒6 September 2007, lot 20
BAIJU PARTHAN (b.1956)
EXHIBITED
Ethnography ‒ Spectacle and Artifice Indian Contemporary Fine Art, presented by
Saffronart and Apparao Galleries at Laguna Beach:
Dated and signed '2001 Baiju Parthan' (lower right) 7 Degrees, 9 ‒ 23 September 2001
and inscribed ''ETHNOGRAPHY ‒ SPECTACLE Threshold, New York: Aicon Gallery,
AND/ ARTIFICE' / BAIJU PARTHAN ‒ 2001' (on the 19 February ‒ 31 March 2009
reverse)
2001 PUBLISHED
Acrylic on canvas Indian Contemporary Fine Art, Mumbai: Saffronart,
47.75 x 35.75 in (121.2 x 90.8 cm) 2001 (illustrated)
Baiju Parthan: A User’s Manual, Mumbai: Afterimage
$6,945 ‒ 9,725 Publishing, 2006, p. 36 (illustrated)
Rs 5,00,000 ‒ 7,00,000

259

“The really important thing is invisible. Works are the by‒products
of our processes, like a footprint in our journey..." –ABALASUBRAMANIAM

260

122 Sixth from a limited edition of ten

A BALASUBRAMANIAM (b.1971) (Quadriptych) This work comprises of four parts,
individually framed with each part measuring
That's What is Missing 44 x 29.75 in (112 x 75.7 cm)

Inscribed and signed '6/10 A. Balasubramaniam' PROVENANCE
(along the lower edge) The Guild, Mumbai
Mixed media on paper pasted on paper
44 x 119.25 in (112 x 302.8 cm) EXHIBITED
Text Matters, Alibaug: The Guild,
$34,725 ‒ 48,615 5 November 2019 - 31 March 2020
Rs 25,00,000 ‒ 35,00,000

261

123

JITISH KALLAT (b.1974)

Super Boy Proceed Slowly

Dated twice and inscribed 'copyright 1998 JITISH KALLAT/
ANOTHER EXPEDITION PICTURE/ (FROM MY DIARY OF
POLITE DEPARTURES)/ (SUPERBOY PROCEED SLOWLY)
98' (lower right), inscribed, dated and initialled 'ANOTHER
EXPEDITION PICTURE ‒ (F.M.B.O.P.D) ‒ JK 98' (upper left)
1998
Mixed media on canvas
67.5 x 91.5 in (171.4 x 232.4 cm)

$35,000 ‒ 45,000
Rs 25,20,000 ‒ 32,40,000

PROVENANCE
Christie's, New York, 20 September 2006, lot 161
Saffronart, 11‒12 March 2009, lot 59

EXHIBITED
Apostrophe, presented by Gallery Chemould at
New Delhi: India Habitat Centre, 1998

PUBLISHED
Jitish Kallat, Apostrophe, Mumbai: Gallery Chemould, 1998 (illustrated)

Jitish Kallat’s early works, often large‒scale canvases, explore a range
of urban references. The gritty underbelly of Mumbai, which the
artist calls home, along with self‒portraits and autobiographical
elements, provide the backdrop for many of these billboard‒style
works. In the present lot, the foreground is almost entirely covered
with a looming image of Kallat; upon closer inspection, however,
one finds that the margins of the canvas feature references to
children and the innocence of youth. Partly nostalgic, partly
cautionary, this canvas documents the simultaneous growth and
decay of the heaving metropolis.

According to Beth Citron, “Jitish Kallat’s crowded textures and
mobbed narratives testify to an ever‒evolving, saturated urban
experience… collectively narrat[ing] an unfiltered, roughly‒
hewn dialectic between individual and universal experiences
in Mumbai… Drawing on elements of autobiography especially
in initial exhibitions like “Apostrophe” in New Delhi, 1998,
Kallat transformed self‒portraiture and distorted pre‒existing,
recognizable photocopy and newsprint images into large‒scale
paintings in step with commercial media and the fast, abrasive
physicality of changing Mumbai.” (“Jitish Kallat,” Chemould
Prescott Road, 2009, online)

262

263

124

JITISH KALLAT (b.1974)

RSVP Studies
Dated and inscribed '2005/ JITISH KALLAT/ RSVP
STUDIES' (on the reverse)
2005
Mixed media on paper
39 x 26.25 in (98.9 x 66.8 cm)
$4,170 ‒ 6,945
Rs 3,00,000 ‒ 5,00,000
PROVENANCE
Bodhi Art, New Delhi

125

SUHASINI KEJRIWAL (b.1973)

Untitled
Signed and dated 'hasini Kejriwal/ 2007' (on the reverse)
2007
Mixed media on paper
32 x 23.75 in (81.3 x 60.5 cm)
$4,865 ‒ 6,250
Rs 3,50,000 ‒ 4,50,000
PROVENANCE
Galerie Christian Hosp, Berlin

264

126

JAGANNATH PANDA (b.1970)

Untitled

Inscribed, signed and dated 'JAGANNTH PANDA
[sic]/Jagannath Panda/ 2016' (on the reverse)
2016
Mixed media on canvas pasted on plywood
Diameter: 48 in (121.92 cm)

$11,115 ‒ 13,890
Rs 8,00,000 ‒ 10,00,000

PROVENANCE
Acquired directly from the artist
Private Collection, Maharashtra

265

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266

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267

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268 via email. If you have not received your invoice within 48
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raised in USD based on the winning bid value, and All purchases from this sale are final. In the unlikely event of
the buyer will have to transfer an equivalent INR your receiving a damaged product, please notify Saffronart
amount at the bank exchange rate. Please note that directly within five days of receipt of the lot. Please call or
while USD payments are accepted for Special Lots, email us at any of our locations mentioned in the Sales
we require an Indian address for shipment. and Enquiries section. If Saffronart does not receive any
notification within 7 business days of delivery, it shall be
When will my purchases be delivered/can I collect my assumed that the lot has been received in good condition,
purchases? and no claims will be entertained.

(i) For Antiquities: Upon receipt of payment from the What are some of the symbols used next to the lots on
buyer, Saffronart will apply to the ASI (Archaeological auction?
Survey of India) for transfer of ownership of the
antiquity and we estimate that the process will take (i) Lots marked with are not situated in India
between 60‒ 90 days. We will be able to deliver your and therefore, may only be bid for and purchased in
purchase as soon as we have completed all formalities USD. Persons residing in India, wishing to bid in USD
with the ASI and the antiquity has been transferred must be eligible under the various foreign exchange
to your name. regulations to make payments overseas. Please
contact Saffronart for further details.
Purchases are shipped out within 7 ‒ 10 business
days after completion of the ASI transfer, and are (ii) Lots marked with indicate that Saffronart owns
insured under the terms of Saffronart insurance the lot in whole or in part or has an economic interest
policy (please note that frames are not insured). in the lot equivalent to an ownership interest.
If there is an expected delay in dispatch, the buyer
will be informed of the delay via email, unless the How do I participate in your next auction?
buyer has indicated an alternative preferred mode
of communication. Due to the prevailing COVID‒19 If you would like to register to bid or consign to any of our
global health crisis, buyers can expect a delay in upcoming auctions please contact any of our locations
shipping and delivery of the purchased lots. listed in the Sales and Enquiries section.

(ii) For Non‒antiquities: Purchases shipped out within If you would like to stay informed of Saffronart’s upcoming
10 ‒ 15 business days of the payment being cleared events, please register with us online at saffronart.com
are insured under the terms of Saffronart’s insurance
policy (please note that frames are not insured). 269
If there is an expected delay in dispatch, the buyer
will be informed of the delay via email, unless the

CONDITIONS FOR SALE

These conditions for sale set out the terms on which We 3. Catalogue Descriptions and Condition of Lot
offer the Lots listed in this catalogue for sale on behalf of
sellers, and if you make a successful bid, will form a contract 3.1 We offer all Lots for sale at the auction on an “as is”
for sale between you and the seller. basis, meaning that each Lot is sold with all existing
faults and imperfections. We encourage all potential
By participating in this online auction, you acknowledge buyers to inspect each item carefully before bidding.
that you are bound by these conditions for sale as listed
below and on the Website saffronart.com. You will find a 3.2 Any statements made by Us, including by Our
glossary at the end explaining the meanings of the words representatives/employees, about any Lot, whether
and expressions which are in bold. orally or in writing, concerning attribution of such Lot
to, for example, any school of art or craftsmanship,
1. Eligibility and Compliance: country or origin, history, provenance or condition,
are only expressions of Our opinion or belief. Such
1.1 We have been granted a valid licence under the opinions or beliefs have been formed honestly in
Antiquities Act and Rules for conducting the accordance with the standard of care expected of an
auction of Lots which are Antiquities and for dealing auction house, having due regard to the estimated
in Antiquities as a part of the Lots being auctioned. value of each Lot. We have not carried out any
exhaustive research or analysis on any Lot to be sold
1.2 We have verified the valid registration of the in this auction, and potential buyers should seek
Antiquities in the name of the relevant sellers as appropriate advice on the condition of each Lot from
required under the Antiquities Act and the Rules. their own professional advisors.

1.3 We will have no ownership interest in any Lot which 3.3 For the convenience of bidders, We provide
is an Antiquity, till the receipt of full payment by Us condition reports on Lots upon request free of
in respect of such Antiquity from a winning bidder charge. The report includes Our bona fide opinion
in accordance with paragraph 6.7 below. Upon on the condition of the Lot and is not an alternative
receipt of full payment by Us from the winning to viewing and inspecting a Lot by a bidder, or a
bidder, the ownership of the Antiquity along with bidder’s duty to seek independent advice on the Lot,
its registration (as required under the Antiquities including its description, condition and authenticity.
Act) will be transferred/delivered by the Seller to the
winning bidder in accordance with the provisions of 3.4 The bidders undertake to:
these conditions for sale.
(i) inspect and satisfy themselves prior to the auction as
1.4 The possession of the Lots which are Antiquities has to the condition and description of the Lot;
passed from the respective sellers to Us within the
territory of India in accordance with the provisions (ii) rely on their own judgment as to whether the Lot
of the Antiquities Act and the Rules, and the sellers matches its description; and
have intimated the Archaeological Survey of India
of such transfer of possession of the concerned (iii) not rely on an illustration of any Lot given in the
Antiquity from such seller to Our designated Auction Catalogue.
premises.
3.5 Size description/s of all the Lots featured in the
2. Our role as the agent of the Seller: Auction Catalogue are approximate. We encourage
all potential buyers to inspect each item carefully
2.1 We undertake to sell the Lots through this online before bidding.
auction as agents for and on behalf of sellers. Unless
stated otherwise, We have no ownership interest in 3.6 Neither We nor any of Our Affiliates, agents,
any Lot in this online auction. representatives, employees or directors shall be liable
for errors or omissions in any of the representations
2.2 Making a bid online constitutes an irrevocable offer made in the Auction Catalogue or otherwise, with
to purchase the Lot and the acceptance of a bid as respect to the authenticity, description or condition
the winning bid by Us shall result in an enforceable of any Lot for sale through this auction.
contract of sale between Us, acting solely as the
agent of the seller, and the winning bidder. 4. Viewing the Lots and Bidder Registration

270 4.1 All Lots for sale are featured in the Auction

Catalogue. The number listed next to each image is conducted by Us internally or through third parties
the ‘Lot number’ and should be used as a reference solely at Our discretion.
during bidding, or for any information requests. The
Lots in this sale may be viewed through any of the 4.7 All bidders are required to provide complete and
following: accurate invoicing details to Us at the time of
registration for the auction and invoicing details
(i) Viewings – details listed in the ‘Sales and Enquiries’ once registered will not be changed. The bidder shall
section; be invoiced based on details provided at the time of
registering for the auction.
(ii) The Online Auction Catalogue;
4.8 New bidders are advised to register at least 48 hours
(iii) The printed Auction Catalogue; and prior to the bid. Know‒Your‒Customer (KYC)
documents and/or financial reference letters are
(iv) The Mobile Auction Catalogue required for individual and corporate clients and We
will not grant bidding access if the bidder registration
4.2 We may withdraw any Lot before, during, or after and KYC procedures are not complete.
the online auction, if We have reasons to believe
that the authenticity of the Lot or the accuracy of 5. Bidding
the description of the Lot is in doubt, or if there is a
breach of Our terms of business, or if We otherwise 5.1 For the convenience of bidders, in particular bidders
believe, in Our sole discretion, that it would be who are placing bids on more than one Lot, Lot
improper to include the Lot in the auction. groups are scheduled to close at different times
during the auction.
4.3 All Lots shall be sold subject to the Reserve Price. If
the winning bid is below the Reserve Price, the Lot 5.2 The bidding for various Lot groups shall be closed in
shall be considered unsold. The Reserve Price on accordance with the bid closing schedule. However,
each Lot shall be confidential and We shall have no a bid can be recorded by Us in the 2 minutes prior
obligation to disclose the same to any bidder. Lots to the closing time of the Lot. The closing time for
sold in “Absolute Auctions” or marked as sold with such Lot shall be extended to a time that is 2 minutes
“No Reserve” are not subject to a Reserve Price and after the time that the last bid was made. In the event
will be sold to the highest bidder, irrespective of the of extension of closing time in accordance with this
bid amount. paragraph, bidding on the Lot shall only end if no
bid is recorded by Us for a continuous period of 2
4.4 We have the sole and absolute discretion to: (i) minutes. Bidders are advised to click on the “Refresh”
determine the form and content of the descriptions icon on the Website page being viewed by them or
of Lots in the Auction Catalogue, (ii) granting on the “Refresh” button in the browser at regular
bidding access to a bidder, (iii) recording, rejecting intervals (in accordance with the provisions of
or accepting bids, and (iv) deciding which bid paragraph 5.4 below) for updates on latest bids and
constitutes the winning bid, if any. time extensions, if any.

4.5 Online bidding access, and access to the MobileApp 5.3 The Website shall also contain a “My Auction”
and the telephone bidding facility, shall be given at filtered view of the Auction Catalogue and the
Our discretion and We may set limits on the number bidder may click on this link to access information
of bids that may be made by a bidder and/or require on all bids made by the bidder in respect of various
payment guarantees or deposits as a precondition Lots. For ease of tracking bids, bidders are advised
to giving bidding access to a bidder. Bidders will be to assign bidding nicknames to themselves. The
informed of their bidding limits, if any, and will not be Website shall contain the bid history for each Lot,
allowed to bid further if their bidding limit has been being the bid amounts that have been recorded
exhausted. since the start of the auction till the current highest
bid; and a countdown clock indicating the amount
4.6 Bid updates and time extensions, if any, shall be of time available for placing bids before the closing
updated on the Website. On the Website, bidders time.
may refresh bidding values by clicking on the
“Refresh” icon or the re‒load/refresh buttons on 5.4 The bid history, current bid and countdown clock
their browsers, to view latest bid updates and time shall be accurate at the time of downloading of
extensions, if any. We shall evaluate the bid histories those values. However, such information shall not
of specific Lot groups periodically to preserve the
efficacy of the auction process. This exercise may be 271

reflect any changes in the bid history, current bid 5.9 Technical Downtime: 
and/or countdown clock that may have occurred
during the time taken for this information to reach In the unlikely event that the Website or MobileApp is
the bidder’s computer from Our server. The most inaccessible to bidders or partially disabled due
updated bid values shall be shown only when the to Technical Downtime at any time during the half
information on bid values is refreshed, which shall an hour prior to the scheduled closing time of the
happen either automatically, or when a bidder clicks auction for any of the  Lot  groups, the closing time
on the “Refresh” icon on the Website page, or on of that Lot group and subsequent Lot groups will be
the “Refresh” or “Reload” button on his/her internet extended by a duration of thirty (30) minutes. In case
browser. After the values on the page have been the Technical Downtime extends beyond the closing
refreshed, any changes in the bid history shall not time for a particular  Lot  group, the  Website  and
be visible to the bidder until the values are refreshed the  MobileApp, as the case may be, shall, after
again, whether automatically on the Website, or by the  Technical Downtime, show the auction for the
the bidder.  particular Lot group as closed. However, the closing
time for such Lot group and subsequent Lot groups
5.5 When the countdown clock counts down to zero, shall be extended by a duration of thirty (30)
in the case where the closing time in respect of minutes and appropriate details of the extension shall
a particular Lot has been extended by a further be published on the  Website  shortly after recovery
2 minutes pursuant to paragraph 5.2 above, the from the Technical Downtime. Bids recorded prior to
countdown clock may not reflect such extension. any Technical Downtime will be treated as valid. We
The bidder may wait for the values on the page to may however reopen some or all of the closed Lots
refresh automatically on the Website, or click on in a particular closed Lot group for bidding in the
the “Refresh” icon on the page, or on the “Refresh” event bidding access to such lots was unavailable/
or “Reload” button on his/her internet browser after unresponsive/ restricted during the Technical
the countdown clock has counted down to zero Downtime, and appropriate details regarding
to determine whether the closing time has been the reopening of such Lots shall be published on
extended for that Lot. the Website shortly after recovery from the Technical
Downtime.
5.6 The countdown clock combined with the current
highest bid as shown on the bid history on the We shall not be liable for any loss of information due
Website shall only be an indication of the highest bid to the Technical Downtime. The data logs of Our
amount at the time when the values on the Website server will determine the duration of the Technical
were refreshed in the manner set out in paragraph 5.4 Downtime and any determination made by Us in
above. Should bidders want more frequent updates, respect of extension of the closing time shall be final.
they are advised to refresh values as described in
paragraph 5.5 above in order to view the most 5.10 Due to the nature of internet and/or mobile traffic,
updated bid history and countdown clock. there may be an unpredictable time‒lag between a
bidder placing a bid, and that bid being received by
5.7 Bidders may download the MobileApp onto any Us. Therefore, although a bidder may have placed
mobile device that supports Android and iOS, and his/her bid prior to the closing time, the bid may be
use it to place advance bids. To avail of this service, received by Us after the closing time for the Lot in
you must be registered as a bidder. We do not respect of which the bid has been placed and shall,
accept any liability in the unlikely event that a bid in such an event, be rejected. In order to prevent bids
through the MobileApp is not executed or executed being rejected in such a manner, bidders may set
incorrectly. proxy bids/automatic bids on Lots which the bidder
wishes to bid for.
5.8 The foreign currency exchange rate used is constant
during the auction, and has currently been set at 5.11 Proxy bids may be recorded with Us 12 hours prior
1:72 (USD:INR). Prior to the start of the auction, We to the closing time, subject to the other provisions
may at Our discretion change the exchange rate used, of these conditions for sale, including any limits
based on fluctuations in market exchange rates. The imposed by Us on the number of bids that a bidder
estimates for individual Lots have been ‘rounded off’ may place. Proxy bids are accepted from bidders
for ease of reference and may not reflect the exact once they have been given bidding access for the
exchange rate used for bid calculations. auction and may be entered prior to auction start

272

and up until the auction closes. 5.19 We shall retain the right to display the results of the
sale and Lot details sold by Us, including catalogue
Once a bid is registered in Our system, whether placed descriptions and prices on the Website at all times,
by an active bidder or by proxy, it is immediately and including after the completion of the sale. We regret
automatically displayed for all registered users to see. that We cannot agree to requests to remove these
details from the Website.
5.12 Bidders are advised to keep their login ID and
password secure at all times. We will hold the bidder 6. Completing the Purchase
responsible for all bids placed using their login ID and
password, whether via the Website or through the 6.1 We will raise invoices on the winning bidder for the
MobileApp. Bidders choosing to bid via telephone sale price and Buyer’s Premium, applicable taxes on
are advised to re‒set their passwords at the close of sale of the Lots and other additional charges that
the auction. may be incurred by Us, if any, including shipping and
handling of the Lots and additional levies.
5.13 Our employees may not bid in the auction once
the auction has started. They may, however, submit 6.2 (a) The title to all Lots marked with shall pass
an absentee/proxy bid for an amount which may from the seller to Us outside the territory of the
be equal to or above the lower estimate of a Lot United States of America.
before the auction commences. Once the auction
has started, they may not increase their bid or alter 6.2 (b) The title to the Lots other than mentioned in
it in any way. Our employees may also bid in charity 6.2(a) above shall pass to the winning bidder at the
auctions that are held on the Auction Platform. time that bidding is closed for each Lot and such
winning bidder shall thereafter assume full risk and
5.14 Our auction platform does not allow any bids to be responsibility for such Lot. In any event, the Lots
placed by Us on behalf of a seller. All bids recorded purchased will not be released or shipped out to the
are from registered bidders. winning bidder or his/her representative until the
winning bidder has fulfilled his payment and other
5.15 We have the right to exercise reasonable discretion obligations as described in these conditions for sale.
in setting bid increments, refusing any bid, advancing
the bidding, withdrawing or dividing any Lot, 6.3 For Lots which are not Antiquities, the title to the
combining any two or more Lots, and in the case of Lots purchased shall pass to the winning bidder
error or dispute, during or after the sale, determining at the time that bidding is closed for each Lot and
the successful bidder, continuing the bidding, such winning bidder shall thereafter assume full risk
cancelling the sale or reoffering and reselling the item and responsibility for such Lot(s). In any event, Lots
in dispute. If any dispute arises after the sale, then, in purchased will not be released or shipped out to the
the absence of any evidence to the contrary, the sale winning bidder or his/her representative until the
record maintained by Us will be conclusive. winning bidder has fulfilled his/her payment and
other obligations as described in these conditions for
5.16 We reserve the right not to award the winning bid to sale.
the bidder with the highest bid at the closing date if
We deem it necessary to do so. 6.4 (a) Subject to fulfilment of all these conditions for
sale, the title to the Lots which are Antiquities shall
5.17 We shall retain the right to display the results of the pass to the winning bidder upon full payment by
sale and Lot details sold by Us, including catalogue the winning bidder to Us, and such winning bidder
descriptions and prices on the Website at all times, assumes full risk and responsibilities thereafter.
including after the completion of the sale. We regret However, since We cannot deliver possession of
that We cannot agree to requests to remove these the Antiquity to a third person prior to transferring
details from the Website. the ownership along with valid registration to such
third person in accordance with the provisions
5.18 At Our discretion, proxy bids submitted on “no of the Antiquities Act and the Rules, subject to
reserve” Lots will be executed at a minimum of 10% receipt by Us of full payment and of the duly signed
of the lower estimate of the relevant Lot if there is requisite forms and documents from the winning
no competing bid, and provided that the proxy bidder required for the purpose of transferring the
bid amount is greater than such minimum value. ownership along with registration of the Antiquity to
Notwithstanding the above, in the event that there the winning bidder, We shall make best endeavours
is a bid lower than such minimum value and there
is no competing higher bid, then We may, at Our 273
discretion, execute the Lot at such lower value.

to transfer/deliver such Antiquity to the winning For USD payments
bidder within 90 days from the date of the receipt of
full payment, and transfer papers from the winning 1. Cheque
bidder. The winning bidders are hereby made aware
that the process for transfer of ownership along 2. Direct wire transfer
with registration from one person to the other in
accordance with the provisions of the Antiquities 3. Credit card: up to USD 5,000
Act and the Rules is a process administered by the
Archaeological Survey of India and may take longer NOTE: Payments in excess of USD 5,000, or its INR
than the envisaged period of 90 days. We will not equivalent, must be made through a wire transfer
be responsible for any delays involved in transfer/ or cheque. We and Our Affiliates will not be held
delivery of ownership along with registration of any responsible for any refusal or failure to accept modes
Antiquity. In the event that the registering officer of payment not outlined above.
or any other employee of the Archaeological Survey
of India empowered to execute the transfer of 6.7 The winning bidder shall pay the sale price and Buyer’s
ownership along with registration of an Antiquity Premium in full (including the applicable taxes and
insists on sending the duly transferred registration other charges, if any) within 7 (seven) business days
certificate directly to the winning bidder, We will not from the date of invoice. Subject to paragraph 6.4
be responsible for any damage or loss in transit of above, no shipment or delivery of the Lot will be
the said registration certificate. Winning bidders are made to the winning bidder if the sale price and
advised to read and abide by the provisions of the Buyer’s Premium (including the applicable taxes and
Antiquities Act and the Rules and all notifications other service charges, if any) are not received by Us
issued thereunder from time to time, which are and until all proper documentation in connection
available with the Archaeological Survey of India and with the sale of the Lot has been completed, and until
also at the website of the Archaeological Survey of the ownership along with registration of the Lot has
India (www.asi.nic.in). not been transferred from the seller to the winning
bidder (in case of Lots which are Antiquities, such
6.4 (b) Lots over a hundred years old, whether registered transfer being in accordance with the provisions of
with the ASI or otherwise, or deemed National the Antiquities Act and the Rules). Payments will
Treasures, are NON‒EXPORTABLE as per the not be accepted from any parties other than the
Antiquities Act and the Rules, and cannot be winning bidder as recorded on the invoice. Due to
exported out of India. the prevailing COVID‒19 global health crisis, buyers
can expect some delay in shipping and delivery of
6.5 In respect of each sale at the auction, We shall charge the purchased Lot/s.
a Buyer’s Premium calculated at the rate of (i) 20%
of the winning bid value of up to and including USD 6.8 The winning bidder acknowledges that We will abide
2,000,000 (ii) 15% of the winning bid value in excess by any export restrictions that may apply in the
of USD 2,000,000 up to and including USD 3,000,000 countries from where specific Lots will be shipped.
and (iii) 12% of the winning bid value in excess of USD The winning bidder shall also be responsible to
3,000,000. GST applicable on the Buyer’s Premium ensure that the Lot(s) are freely importable into his/
shall be payable by the winning bidder. her country or to the country where the destination
for delivery (as specified by the winning bidder) is
6.6 The winning bidder shall be invoiced based on details located. If the winning bidder or We become aware
provided at the time of registering for the auction. of any restrictions to such import subsequent to
Winning bidders located in India will be invoiced in the completion of the auction, the winning bidder
INR and all other winning bidders will be invoiced in shall provide an alternate delivery destination to Us.
USD. Payments must be made in the currency on the All costs associated with the process of delivery and
invoice in any of the following modes of payment. storage (when required) of the Lot shall be borne by
the winning bidder. The Lot(s) shall be handed over
For INR payments to the winning bidder or his/her nominee only upon
full payment of all such costs, subject to clause 6.7
1. Cheque/Demand Draft above.

2. RTGS/NEFT 6.9 Lots marked as “Art Treasures” and/or “Antiquities”
under the Antiquities Act and Rules cannot be
3. Credit card: up to INR equivalent of USD 5,000 exported outside India, notwithstanding that the
payment in lieu of such Lots may be received from
274

the winning bidder in USD. If you are the successful 7.2 The authenticity guarantee does not apply to title
bidder for any such Lot, you agree not to export heading or part of a title heading which is qualified.
such Lot outside of India. Each winning bidder is A title heading is qualified when it is limited by a
solely responsible for meeting the requirements of clarification or limitation in all capital letters in the
the Antiquities Act and Rules, or any related state title heading of the Lot in the Auction Catalogue.
legislation. Please note that the Lots are marked
for your convenience only, and We do not accept 7.3 The authenticity guarantee does not apply if the title
any liability for errors or for failing to mark the heading of the Lot in the Auction Catalogue, as on
Lots. the date of auction or as amended by any saleroom
notice, either is in accordance with the generally
6.10 Non payment: In case payments are not received accepted opinion of experts, or indicates that there is
within 7 business days of each invoice, We shall a conflict of opinion of such experts.
treat the same as a breach of contract of sale by
the winning bidder, and the seller may, in such an 7.4 The authenticity guarantee does not apply if it is
event, authorise Us to take any steps (including the proved that the title heading of the Lot in all capital
institution of legal proceedings), as it may deem to letters in the Auction Catalogue, is not authentic
be appropriate to enforce payment by the winning only by scientific means or processes which, on the
bidder. In addition, the winning bidder will be date We published the Auction Catalogue, was
charged demurrage at 1% of the total value (winning not generally available or accepted, or which was
bid plus Buyer’s Premium) or INR 10,000 per month, unreasonably expensive or impractical to use, or
whichever is higher, till the date of actual payment. which was likely to have caused damage to the Lot,
or which was likely to have caused loss of value to the
6.11 With respect to Lots which are Antiquities, pursuant Lot.
to the ownership along with registration of the
Antiquity being transferred to the winning bidder in 7.5 In the unlikely event that within one year from the
accordance with the provisions of the Antiquities Act sale of the Lot through auction, it is proved by the
and Rules, if the winning bidder informs Us that the winning bidder, to Our reasonable satisfaction, that
winning bidder wishes to collect the Antiquity from the Lot was not authentic and if, in Our opinion,
Us in person and such Antiquity is not collected by bidders being aware of such error or omission would
the winning bidder within 30 days of the registration have bid significantly less than the actual sale price,
formalities being completed, We shall arrange for We shall be entitled to rescind the sale, and the seller
storage of the Antiquity at the winning bidder’s will be liable to refund to the winning bidder the sale
expense, and shall only release the Antiquity after price paid for the Lot.
payment has been made, in full, of the sale price and
Buyer’s Premium, including storage and insurance at 7.6 The guarantee above shall be subject to the following
applicable rates. conditions:

6.12 We shall be entitled to exercise a lien on the Lot for (i) the claim is made by the winning bidder as
payment of any sums due to Us from the winning registered with Us and if the winning bidder has
bidder, including the sale price, Buyer’s Premium or owned the Lot continuously between the date
costs relating to storage and insurance where they are of auction and the date of claim (the benefit of
to be borne by the winning bidder, in relation to any the claim is not assignable to any subsequent
Lot purchased by the winning bidder. owners or others who may acquire or have an
interest in any of the Lots);
7. Authenticity Guarantee
(ii) the concerned property in the Lot is returned
7.1 We provide a limited guarantee on the authenticity to Us in the same condition that it was in at the
of the Lots for a period of one year from the date time of delivery of such property in the Lot to
of the auction of such Lots. We only guarantee, the winning bidder; and
subject to the qualifications below, the information
mentioned in all capital letters in the title heading (iii) the concerned property in the Lot is
of the Lot in the Auction Catalogue. We do not indisputably the same as purchased through
guarantee any other attribute of such Lot even if such the auction.
other attribute is in all capital letters.
Once We obtain the refunded amount from the
seller, We shall forward the same along with the
amount charged by Us as the Buyer’s Premium to the
winning bidder. We shall not be accountable to the

275

winning bidder for any taxes, shipping, handling or either for the correctness of any statements as to the
any other charges that may have been applicable at authorship, origin, date, age, attributes or genuineness
any time from the sale of the Lot till the claim. of any Lot in the sale, or for any mistakes in the
description of the Lots, or for any faults or defects in
7.7 All such claims will be handled on a case‒by‒case the Lots, or for any other act or omission whatsoever.
basis, and in the case of an authenticity claim, We We offer no guarantee or warranty other than the
will require that examinable proof, which clearly limited guarantee set out in paragraph 7 above.
demonstrates that the Lot is not authentic, is
provided by an established and acknowledged 9.2 The rescission of the sale and the refund of the
authority. Our decision in respect of such claims shall total sale price paid by the winning bidder is the
be final and binding. sole remedy that may be sought by a winning
bidder, and such remedy is exclusive and in lieu of
7.8 In all cases, We retain the right to consult with, at any other remedy which may otherwise be available
the expense of the winning bidder, two recognised under law. We shall not be liable for any incidental or
experts in the field (such experts being mutually consequential damages incurred or claimed.
acceptable to Us and the winning bidder), to examine
the Lot under question before deciding to rescind 10. Copyright
the sale and offer the refund under the guarantee set
out above. The opinion of the experts shall not be All content of Our Auction Catalogue, the print catalogue,
binding on Us. eCatalogue and content on the Website and MobileApp
are copyright protected in favour of “Saffronart”. All
7.9 In the event of the seller’s failure to refund the trademarks, names, brand names, etc. used in the print
proceeds as stated in this paragraph, the winning Auction Catalogue and on the Website and MobileApp
bidder shall return the concerned property in the are either trademarks or registered trademarks of Saffronart,
Lot to Us and authorise Us as its agent to initiate or of their respective owners. Any rights not expressly
legal proceedings against the seller. Any such steps granted herein are reserved. No image, illustration or written
taken or legal proceedings instituted by Us against material maybe used or required without Our prior written
the seller shall be to the cost of the winning bidder. permission. We and the seller(s) make no representation or
warranty that the winning bidder of a Lot will acquire any
8. Privacy of Personal Information copyright or other reproduction rights in it.

8.1 We will maintain the confidentiality of your personal 11. Legal Notices
information as disclosed to Us and undertake to
not disclose such information to any third party, 11.1 We may validly serve a bidder with legal notice, if
unless otherwise required by law or a governmental required, under these conditions of sale by:
authority.
(i) sending an email to the email address disclosed by
8.2 The winning bidder agrees to maintain the the bidder to Us; or
confidentiality of the information about the seller,
including name and address, as mentioned in any (ii) sending a courier to the address disclosed by the
Antiquity related document/s. bidder to Us.

9. Extent of Our Liability 11.2 Such legal notice shall be deemed to have been
properly served:
9.1 We have an obligation to refund the sale price and
Buyer’s Premium to the winning bidder only in the (i) in the case of email transmission ‒ on the date of the
circumstances described above (in paragraph 7). transmission; or
Damages to, or losses or loss in value of any of the
Lots (excluding frames) incurred during shipping (ii) in case of transmission by courier ‒ 2 business days
and transit are covered as per the insurance policy after the dispatch of the notice by courier.
obtained by Us. In case the winning bidder opts out
of insurance coverage arranged for by Us, We shall 12. Waiver
not entertain any claims for damage or loss during
shipping and transit. Subject to the authenticity No failure or delay in exercising any right, power, privilege
guarantee above, neither Our suppliers nor Us, nor or remedy under these conditions for sale shall in any
any of Our employees or agents, shall be responsible, way impair or affect the exercise thereof or operate as
a waiver thereof in whole or in part. No single or partial
276 exercise of any right, power, privilege or remedy under
these conditions for sale shall prevent any further or other

exercise thereof or the exercise of any other right, power, Auction Catalogue: The catalogue published by Us,
privilege or remedy. whether in print, on the MobileApp or on the Website,
containing details of the auction along with the
13. Severability description, price and other details of Antiquities to be
If any part of these conditions of sale between the winning offered for sale at such auction. In case of any discrepancy
bidder and Us is found by any court of law to be invalid, between the print Auction Catalogue, the MobileApp
illegal or unenforceable, that part may be discounted and Auction Catalogue, the online Auction Catalogue and/
the rest of the conditions shall be enforceable to the fullest or the eCatalogue, the online Auction Catalogue, as
extent permissible by law. modified by Us from time to time, shall take precedence.

14. Governing Law and Jurisdiction Buyer’s Premium: The amount charged by Us from the
These conditions for sale are subject to the laws of India. winning bidder for services rendered by Us, in accordance
All parties are subject to the exclusive jurisdiction of courts with these conditions for sale, in connection with the
at Mumbai, Maharashtra, India. purchase of the Lots by the winning bidder.

15. Symbols used in this catalogue GST: Goods and Services Tax
Lots marked with are not situated in India and
therefore, may only be bid for and purchased in Lot/Lots: A property, including an Antiquity, to be offered
USD. Persons residing in India, wishing to bid in USD at the auction, or two or more properties/ Antiquities to
must be eligible under the various foreign exchange be offered at the auction as a group.
regulations to make payments overseas. Please
contact Saffronart for further details. MobileApp: Mobile application developed by Saffronart,
in Saffronart’s capacity as Our service provider providing a
Lots marked with indicate that Saffronart owns the mobile auction platform for the auction.
Lot in whole or in part or has an economic interest in
the Lot equivalent to an ownership interest. Our/Us/We: Saffronart Management Corporation, acting
either on its own behalf, or as a representative of any of its
GLOSSARY Affiliates.
Affiliates: Saffron Art Private Limited, Planet Saffron Inc.,
and their holding or subsidiary companies as on the date Reserve Price: The minimum price that a seller has
of the online auction. communicated to Us as being acceptable for the sale of a
Lot through the auction.
Antiquities Act: The Antiquities and Art Treasures Act,
1972 and any amendments made thereto from time to Rules: The Antiquities and Art Treasure Rules, 1973 and
time. any amendments made thereto from time to time.

Antiquity/Antiquities: An antiquity as per Section 2 of Technical Downtime: The time period during which
the Antiquities Act and registered under the provisions of the Website or its server is not in operation due to a
Sections 14 and 16 of the Antiquities Act. malfunction.

Website: Saffronart’s website (www.saffronart.com), in
Saffronart’s capacity as Our service provider providing an
online auction platform for the auction.

277

SAFFRONART • ONLINE AUCTION OF MODERN AND CONTEMPORARY INDIAN ART • 11‒12 MARCH 2021

CLOSING SCHEDULE

Auction Closing
For your convenience, especially if you are bidding on multiple lots, groups of lots are scheduled to close at different times
on 12 March, 2021.
Pre‒determined groups of lots will close according to the bid‒closing schedule below unless a bid is recorded within a span
of 2 minutes prior to the lot's scheduled closing time. In this case, the countdown clock for that lot will be reset to 2 minutes
and the lot closing time will be extended accordingly. Bidding on any lot will only end if there is no bid recorded for a span
of 2 minutes.
Lots have been allotted into groups, and the closing schedule for the various groups is as follows:

Groups Lot Number Closing Time Closing Time Closing Time Closing Time Closing Time Closing Time

(India) (US Eastern) (US Pacific) (UK) (Japan) (Hong Kong)

1 51‒70 8.00 PM 9.30 AM 6.30 AM 2.30 PM 11.30 PM 10.30 PM

2 71‒89 8.15 PM 9.45 AM 6.45 AM 2.45 PM 11.45 PM 10.45 PM

3 90‒109 8.30 PM 10.00 AM 7.00 AM 3.00 PM 12.00 AM 11.00 PM

(Mar 13, 2021)

4 110‒126 8.45 PM 10.15 AM 7.15 AM 3.15 PM 12.15 AM 11.15 PM

(Mar 13, 2021)

278

SAFFRONART • ONLINE AUCTION OF MODERN AND CONTEMPORARY INDIAN ART • 11‒12 MARCH 2021

ABSENTEE/PROXY BID FORM

To enter absentee/proxy bids, please sign the completed form and email it to [email protected]. You may also submit
absentee/proxy bids online. For additional information, please refer to our “Frequently Asked Questions (FAQs)” section at
the back of the catalogue or on the Saffronart website.
“I request Saffronart, without legal obligation on its part, to bid on the Lots listed below, up to the maximum price I have specified.
I agree that my Bid will be treated as an offer and is subject to the Conditions for Sale listed in the catalogue and on saffronart.com.
I understand that Saffronart is accepting written Bids for the convenience of clients and I will not hold it liable for failure to
record my Bid. I understand that a maximum Bid, once recorded, may not be cancelled.”

Please print clearly in capital letters. Please mention the lot number and description accurately (artist name, title). Bidders are required to provide all invoicing
details prior to the sale. The bidder as registered with Saffronart will be invoiced, and no invoices will be changed after the sale.

Lot No. Artist/Description Maximum Bid Amount in USD / INR

Name: Email:
Address:

City: Pin/Post Code: Country:

Tel (mobile): Tel (office/home):

Saffronart username:

Signature

279

BIDDING INCREMENTS

Bidding begins below the lower estimate, and increases in steps, or increments. The next valid bid is based on the increments
listed below. If bidders enter a proxy bid online, the next bid is placed at the minimum incremental value.

Below $5000 $500,000 ‒ $1,000,000
• By $100 up to but less than $1,000 • By $50,000 up to but less than $750,000
• By $150 up to but less than $2,500 • By $75,000 up to but less than $1,000,000
• By $250 up to but less than $5,000 $1,000,000 ‒ $10,000,000
• By $100,000 up to but less than $2,000,000
$5,000 ‒ $10,000 • By $200,000 up to but less than $3,000,000
• By $500 up to but less than $7,500 • By $300,000 up to but less than $4,000,000
• By $750 up to but less than $10,000 • By $400,000 up to but less than $5,000,000
• By $500,000 up to but less than $6,000,000
$10,000 ‒ $50,000 • By $600,000 up to but less than $7,000,000
• By $1,000 up to but less than $15,000 • By $700,000 up to but less than $8,000,000
• By $1,500 up to but less than $25,000 • By $800,000 up to but less than $9,000,000
• By $2,500 up to but less than $50,000 • By $900,000 up to but less than $10,000,000
• By $1,000,000 from $10,000,000
$50,000 ‒ $100,000
• By $5,000 up to but less than $75,000 INR increments are subject to change depending on the
• By $7,500 up to but less than $100,000 exchange rate for the auction.

$100,000 ‒ $500,000
• By $10,000 up to but less than $150,000
• By $15,000 up to but less than $200,000
• By $20,000 up to but less than $250,000
• By $25,000 up to but less than $500,000

1. I agree and consent to paying the Buyer’s Premium calculated at the rate of 20% of the winning bid value of up to and including
USD 2,000,000; 15% of the winning bid value in excess of USD 2,000,000 up to and including USD 3,000,000; and 12% of the
winning bid value in excess of USD 3,000,000. All applicable duties and taxes, and shipping and handling charges shall be borne
by me.

2. I understand that if Saffronart receives identical absentee/proxy Bids, and if these Bids are the highest for the Lot, Saffronart will
sell the Lot to the Bidder whose Bid it received and accepted first.

3. I understand that absentee/proxy Bids submitted on “no reserve” lots will be executed at a minimum of 10% of the lower
estimate (the "Minimum Value"), if there is no competing Bid, and the absentee/proxy Bid amount is greater than the Minimum
Value.

For New Bidders
If you have not previously registered with saffronart.com, please create a username on our website. To participate in this auction, you
will have to pre–register with your login details. When contacted by our representative, please provide a proof of identity and address
document, such as a copy of an official photo identity card (either a PAN Card, National Identity Card, Passport or Driver’s Licence).
Once your documents are verified, you will be given access to bid. You may also call our auction helpline at +91 22 2432 2898.

280

INDEX

K M ADIMOOLAM SADANAND BAKRE

Lot 83 p. 208 Lot 84 p. 209 Lot 103 p. 232 Lot 58 p. 177
MANJIT BAWA
A BALASUBRAMANIAM

Lot 122 p. 126 Lot 64 p. 185
JYOTI BHATT CHITTAPROSAD BHATTACHARYA

Lot 109 p. 237 Lot 105 p. 233

281

SANKHO JOGEN CHOWDHURY TEHMURAS
CHAUDHURI CONSTABLE

Lot 110 p. 241 Lot 89 p. 215 Lot 102 p. 231
V S GAITONDE SATISH GUJRAL

Lot 72 p. 194 Lot 63 p. 183 Lot 113 p. 245
M F HUSAIN

Lot 60 p. 179 Lot 61 p. 180 Lot 75 p. 200 Lot 76 p. 201
SUHASINI KEJRIWAL
JITISH KALLAT

Lot 123 p. 262 Lot 124 p. 264 Lot 125 p. 264

282

KRISHEN KHANNA

Lot 79 p. 205 Lot 80 p. 206 Lot 81 p. 206 Lot 82 p. 207 Lot 111 p. 242

BOSE RAM KUMAR
KRISHNAMACHARI

Lot 120 p. 258 Lot 54 p. 174 Lot 55 p. 175
RAM KUMAR SURENDRAN NAIR BADRI NARAYAN

Lot 74 p. 199 Lot 116 p. 252 Lot 68 p. 187
BADRI NARAYAN AKBAR PADAMSEE

Lot 85 p. 210 Lot 65 p. 185 Lot 66 p. 186

283

JAGANNATH PANDA MANU PAREKH BAIJU PARTHAN

Lot 126 p. 265 Lot 86 p. 211 Lot 121 p. 259
MANCHERSHAW F PITHAWALLA
ATTRIBUTED TO SORAB
M PITHAWALLA

Lot 100 p. 230 Lot 90 p. 220 Lot 91 p. 222 Lot 92 p. 223

MANCHERSHAW F PITHAWALLA

Lot 93 p. 224 Lot 94 p. 225 Lot 95 p. 226 Lot 96 p. 227

MANCHERSHAW F SORAB M PITHAWALLA
PITHAWALLA

Lot 97 p. 227 Lot 98 p. 228 Lot 99 p. 229

284

B PRABHA SOHAN QADRI

Lot 77 p. 202 Lot 78 p. 203 Lot 62 p. 181
S H RAZA
A RAMACHANDRAN

Lot 56 p. 176 Lot 57 p. 176 Lot 52 p. 172 Lot 53 p. 173

G RAVINDER REDDY LANCELOT RIBEIRO

Lot 115 p. 251 Lot 69 p. 188
JAMINI ROY JEHANGIR SABAVALA

Lot 71 p. 193 Lot 106 p. 235 Lot 107 p. 236

285

PIRAJI SAGARA T V SANTHOSH

Lot 108 p. 237 Lot 119 p. 257 SENAKA SENANAYAKE
G R SANTOSH PARITOSH SEN

Lot 70 p. 189 Lot 59 p. 178 Lot 117 p. 253
NATARAJ SHARMA AMRITA SHER-GIL

Lot 118 p. 255 Lot 73 p. 195
M SIVANESAN
F N SOUZA

Lot 88 p. 214 Lot 51 p. 171 Lot 67 p. 186

286

F N SOUZA THOTA VAIKUNTAM

Lot 104 p. 232 Lot 87 p. 212 Lot 114 p. 246
B VITHAL EDRIC WIRTH

Lot 112 p. 244 Lot 101 p. 230

Processing: REPROSCAN • Printing: PRODON ENTERPRISES

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