Auction Guide Information for Buyers
Bid &Hammer is keen to make the entire auction process as friendly and enjoyable as
possible both to newcomers and old hands of the auction world. Below you will find a
simple guide to the entire process from beginning to end.
Please note this is intended only as a brief guide and we refer all prospective Buyers to our Terms & Conditions of Sale for full and complete details of the process.
Purchasing item/s at B&H’s auctions
Buying at auction is also a simple process made more so by following the straightforward procedures below:
1. B&H conducts auctions of paintings, sculpture, jewellery, silver, antiquarian
books, manuscripts, sporting memorabilia etc.
2.A comprehensive catalogue is produced some weeks prior to each sale with
each lot fully described and illustrated (however, the images of the item/s might be
put up on the website as and when they become available). The estimated prices are
also published however they are no indication of the reserve price (price below which
B&H will not sell the item/s) that is not published. The estimated prices are solely an
indication of the opinion of B&H.
3. The catalogue can be purchased from us at a nominal price when published.
The catalogue is subject to the Terms & Conditions of Sale printed within. It is
necessary to carry a catalogue giving right of entry for two to the relevant B&H
auction. However, B&H reserves the right of admission to its previews and auctions
and can, at its sole discretion, restrict entry of an individual or individuals without
assigning any reason whatsoever.
4. A physical preview is arranged days just before the auction at B& H’s Preview Hall and or also at other venues nationally and internationally, as decided based on the contents of the sale, to enable all prospective Buyers to examine the lots at first hand. In exceptional circumstances arrangements may be made to view items by appointment. Our specialists will be on hand during preview days to help and guide prospective buyers. A physical preview is arranged days just before the auction at B& H’s Preview
Hall and or also at other venues nationally and internationally, as decided based on
the contents of the sale, to enable all prospective Buyers to examine the lots at first
hand. In exceptional circumstances arrangements may be made to view items by
appointment. Our specialists will be on hand during preview days to help and guide
5. It is the responsibility of the Buyer to fully assure himself of the validity of the
description of the Property and its condition before the auction (please refer to clause 3 under Terms & Conditions of Sale for complete details).
6. Anyone may bid on a lot (s) or item(s) provided he/she has pre-registered
(please see ‘Registration’ under Terms & Conditions of Sale).
7. A lot is considered sold at auction to that bidder who makes the highest and
final bid prior to the fall of the auctioneer’s gavel. This forms a binding contract
between the Seller (represented by the Auction House) and the Buyer. Should there be
a dispute, which may only be entertained immediately after the fall of the gavel, the
auctioneer’s decision shall be final.
8. After winning the bid, the Buyer will have to pay B&H the hammer price in full in
addition to which he/she will also have to pay a Buyers premium of 17% upto a value
of Indian Rupees 1 (One) Crore and 14% on the excess thereafter, calculated on the
hammer price. Foreign Nationals are charged 18% and 15% respectively.
9.There may also be applicable sales taxes that can be variable according to the
item/s involved and the State/Province/Country in which the auction takes place.
10.B&H can advise on the packing, insurance and delivery of the bought item/s,
through its known partners. However, this is the responsibility of the Buyer alone and
B&H can only facilitate the same.