A buyer needs to fill in the Register for auction. The buyer will be required to pay an amount of Rs. 99 to get access to bidding. American Express® Centurion®, Platinum and Platinum ReserveSM only need to pay Re. 1 for bidding access.
In respect of each sale at the auction, BestCollegeArt shall charge a Buyer's Premium calculated at 20% of the winning bid value on each artwork. Unless mentioned otherwise
The Buyer premium is the fees levied by Bestcollegeart.com for sourcing artworks, getting the right images, checking availability and condition of artwork, running the technology platform to power the auction, paying for credit card commission charges and then shipping charges to your home. The buyer premium covers all expenses for us to be running this entire operation. Every auction house globally or in India charges a buyer premium and then charges shipping fees in addition to that. Our buyer premium includes all these services and we do not charge for shipping. Please note that the buyer premium cannot be reduced lower than 20% plus taxes. Please bid for artworks keeping that in mind.
A Reserve price is the minimum price that the lot may be sold for. All lots have a reserve price which is confidential. Lots which are below reserve price will not be sold.
All works have a reserve price which is confidential and some works have a low reserve price which is below Rs 10,000. We focus a lot on art which is affordable and something that everyone can buy.
The auction starts from Rs 99 so works with a low reserve price can also be bought by buyers post 3-4 bids. That is the reason to have a low starting price for the auction.
For example : An artwork has a estimated price of Rs 50,000 but the seller of the work or the artist puts a reserve price of Rs 10,000. That means that the seller is happy selling at a price of over Rs 10,000 and is having the buyer demand decide the price. This Rs 10,000 Reserve price is confidential with the auction house which is Bestcollegeart.com in this case. In case the bids start at Rs 99 and end at Rs 8,000, then the auction closes with a comment “Reserve price not met“ and the work stays unsold. In case the winning bid is Rs 22,000 then as it is above the reserve price, the work will show as sold to the leading bidder.
All artworks for the auction have been showcased on the auction page; one can click on the auction tab on home page menu bar to get details.
The Estimated price is the indicative selling price of the work if bought from the gallery. This helps the bidder understand the actual market value of the artwork, they are bidding on.
Once you have identified the artwork that you would like to bid on, click on "My Bid" and enter the bid amount. Bid amount entered should be equal to or higher than the “Next Bid” amount mentioned for respective artworks.
Post the auction has started; bids can not be cancelled by a bidder. However, BestCollegeArt reserves the rights to allow or disallow cancellation at its own discretion.
All bids start at Rs.99
The highest/closing bid at the time of the end of the auction is the winning bid. No further bids can be made after the auction time is over.
Winner bids name will be displayed on the auction page at the end of the auction.
The artwork closure time gets extended by 3 minutes for the other person to bid, if you make a counter bid, it gets extended by another 3 minutes. This process keeps on repeating till someone drops out of the auction and then the winning bidder takes the work. A lot of bids will come in dying minutes and there is a lot of load in the last 3 minutes. It is advised that you place your bids before 8.55 pm to avoid the last minute frenzy on the bids.
Please note that if someone bids on the lot that you are winning till 8.55 within 3 minutes of closure, the auction closing time for the specific time will be extended.
If you win a bid, you will be sent an email after the close of the auction, containing an invoice for the winning bid plus the buyer’s premium. The invoicing details provided at the time of registration will be used to raise the invoice, and no changes will be accepted after the sale.
We levy 12% GST on all sales within India and an IGST of 12% on all International sales.
The buyer who wins has to pay the full closing bid amount within 24 hours of closing of bidding. This payment has to be made online.
The painting will be dispatched within 3 days of receiving the final payment. Buyers within India will get the painting within 10 days, whereas International buyers will get it within 15 days.
Any communication in case the deliveries are delayed due to a lockdown situation in an area would be shared with the buyer.
The buyer will get an authenticity certificate signed by the artist and an Invoice from BestCollegeArt.
We do not stretch or frame the artworks and deliver them as a roll, unstretched and unframed works are safer to move.
If you like us to frame the artwork and then ship it, there will be an additional cost depending on the size of the artwork and quality of frame used, cost of which needs to be borne by the buyer. Best College Art will not be able to take the responsibility in-case there is any damage during the movement as stretched and framed works are more prone to damage.
Artworks once sold will not be taken back or refunded. A buyer may receive a refund only in case the artwork is received in damaged condition and buyer informs Best College Art within 7 days of receipt of the art work via an email to email@example.com with the photographs of the damaged artwork. Please note that the shipping and handling charges for returning the artwork will be paid by buyer.
There is a legally binding irrevocable offer to purchase the artwork resulting in an enforceable contract of sale between the highest bidder and the Best College Art.
Best College Art has right to initiate a legal action in the court of law if the highest bidder does not pay within 72 hours from the closing time of the auction.
The bidding access of all individuals who fail to pay after winning an artwork will be unconditionally revoked.
If you are a registered user, you can bid for all upcoming auctions.
New buyers have to create their profile once, pay Rs 99 to get bidding access to participate.
Shipping within India is FREE.
Shipping outside India is charged on 'actuals'.