Osian's Auction Catalogue Forty Masterpieces | March 2003

110 111 ABEDIN, Shilpacharya Zainul 27 ALI, J. Sultan 32, 36 ALLAH BUKHSH, Ustad 4, 5 AMBADAS 22 ANONYMOUS ARTIST FROM BENGAL 2 ARA, Krishna Hawlaji 18 BAGCHI, Radha Charan 21 BISWAS, Nikhil 25 BOSE, Nandalal 7 BROOTA, Rameshwar 28 CHITTAPROSAD [Bhattacharyya] 13 CHOWDHURY, Bijon 33 CHUGHTAI, Abdul Rehman 6 DE, Biren 20 DHURANDHAR, Mahadev Visvanath 9 GHOSE, Gopal 15, 16 GOUD, Laxma K. 40 KALEKA, Ranbir 38 KAR, Sanat 19 KARMAKAR, Prokash 30 KEYT, George 31 KHANNA, Krishen 29 MONDAL, Rabin 35 MOOKHERJEA, Sailoz 12 PADAMSEE, Akbar 26 RAZA, Syed Hyder 10 ROY CHOWDHURY, Debi Prosad 17 ROY, Prosanto 11 SABAVALA, Jehangir A. 14 SANYAL, Gopal 34 SENATHIPATHI, Manickam 37 SOUZA, Francis Newton 23, 24 SUNDARAM, Vivan 39 TRINIDADE, Antonio Xavier 3 UNKNOWN EUROPEAN ARTIST 1 VIJAIVARGIYA, Ramgopal 8 ALI, J. Sultan 36 AMBADAS 22 APPASAMY, Jaya 7 BARTOLOMEW, Richard 20 BOSE, Nandalal 7 BROOTA, Rameshwar 28 CHATTERJEE, Kishore 32 CHOWDHURY, Bijon 33 CHUGHTAI, Abdul Rehman 6 COUSINS, James H. 6 DALMIA, Yashodhara 18 DAW, Prasanta 17 DISSANAYAKE, S.B. 31 DUTTA, Ajit Kumar 30 HOSKOTE, Ranjit 26 JAHANGIR, Burhanuddin Khan 27 KALEKA, Ranbir 38 KAR, Sanat 19 MALIK, Ahi Bhusan 34 MITRA, Ashok 35 MOITRA, Dwijendra 15 MULLER, Karl-Erich 25 NAQVI, Akbar 5 SCHMIDT, Diether 25 SHEIKH, Nilima 39 The Terms and Conditions set out below are the terms and conditions applicable to the Auction and are binding on the Purchasers, intending Purchasers, Sellers and Osian’s – Connoisseurs Of Art Private Limited (Osians). These Terms and Conditions and all other contents of the catalogue are subject to amendment by Osians from time to time by the posting of notices or by oral announcements made during the Auction. By participating in the Auction, in person or otherwise, intending Purchasers, Purchasers and Sellers agree to be bound by these Terms and Conditions. 1. Definitions Auction: Auction shall mean the private Auction of Lots held by Osians wherein each Lot is sold to a Purchaser at the Hammer Price along with the Buyer’s Premium and taxes as applicable. Catalogue: Catalogue shall mean this catalogue and shall include any advertisement, brochure, textual, pictorial and educational information, estimates or price list published by Osians in respect of the Auction. Lot: Lot shall mean any item(s), being one or more paintings, photographs, etchings, engravings, lithographs, oleographs, lobby cards, posters, books or works of art being offered for sale at the Auction and, in particular, the item(s) described against any lot number in the Catalogue. Auctioneer: Auctioneer shall mean any person(s) who is/are nominated by Osians to be the Auctioneer(s) at the Auction. Hammer Price: Hammer Price shall mean the amount of the highest Bid accepted by the Auctioneer in relation to a Lot excluding the Buyer’s Premium and any taxes applicable. Purchase Price: Purchase Price shall mean the Hammer Price in respect of a Lot sold at the Auction together with Buyer’s Premium, Sales Tax payable if any, and additional costs, charges, expenses and payments due from the Purchaser of such Lot. Seller: Seller shall mean any person, being an individual, artist, collector, organisation or art gallery, including Osians, owning a Lot and depositing such Lot with Osians for Sale at the Auction. Bid: Bid shall mean an offer made to Osians by an intending Purchaser to purchase a Lot, either in person at the Auction, or by a Written Bid Form received by Osians on or before 3.00 p.m. Indian Standard Time on the day of the Auction, on the telephone during the Auction or through an authorised representative at the Auction. Purchaser: Purchaser shall mean the person with the highest bid accepted by the Auctioneer for a Lot, who agrees to purchase such Lot at the Purchase Price and immediately pays to Osians, at least 20% of the Purchase Price as advance payment for the Lot to be purchased. Buyer’s Premium: Buyer’s Premium shall mean the commission paid by the Purchaser to Osain’s towards facilitation services rendered. 2. Role of Osians Sale of Lots at the Auction are undertaken by Osians as an agent for the Seller except when it wholly or partially owns any lot as principal or has made a financial commitment in respect of, and puts it for sale as a Seller. 3. The Sale Sale of Lots shall be by auction at the Hammer Price along with the Buyer’s Premium. Sales Tax and other taxes, levies and duties shall be charged separately, if applicable. The taxes shall be collected and paid by Osians on behalf of the Seller. If Osians is acting as an agent for an artist who is not a dealer and not liable to any tax, sale of such Lot(s) on behalf of the artist is exempt from payment of tax. In the event of the Purchaser being a foreign national or entity, a non-resident Indian or Overseas Corporate Body making payments in convertible foreign currency and the Lot is dispatched outside India by Osians, no Sales Tax will be charged to such Purchaser. Local Sales Tax in Maharashtra is charged @ 13% plus Surcharge @ 10% of the Sales Tax plus Turnover Tax @ 1% totaling 15.3% of the Hammer Price. Purchasers from outside Maharashtra will be charged Central Sales Tax @ 4% against Form ‘C’. In the event of the Purchaser not giving Form ‘C’, Central Sales Tax will be charged @ 13% plus Surcharge @ 10% of the Sales Tax plus Turnover Tax @ 1% totaling 15.3% of the Hammer Price. Lots on which Local Sales Tax has already been paid in Maharashtra and are purchased by a Purchaser based in Maharashtra will be sold on the basis of Second Sale and Sales Tax will be charged on @ 0.5%. 4. The Purchaser The person making the highest Bid accepted by the Auctioneer for a Lot and immediately paying to Osians, at least 20% of the Purchase Price as advance payment for the Lot proposed to be purchased will be the Purchaser of such Lot at the Purchase Price. Every intending Purchaser shall be deemed to act as principal unless there is in force a written acknowledgement by Osians that such intending Purchaser is an authorised representative acting as agent on behalf of a named principal. Subject to the Auctioneer’s discretion, the striking of his hammer marks the acceptance of the highest Bid as the Hammer Price. Once the bid is accepted, no rejection claim will be entertained and accepted for any reason whatsoever. Any dispute during the Auction will be settled at the Auctioneer’s absolute discretion. The conclusion of the contract for sale between the Seller, Purchaser and Osians will be on receipt of full payment and despatch of Lot(s) by Osians. 5. The Bidding Before the Auction, Osians will accept written Bids for each Lot from intending Purchasers. If at the Auction, no Bids higher than the starting Bid are offered, that Bid shall become the Hammer Price, subject to such Bid being higher than the minimum reserve price for such Lot. The minimum reserve price shall be determined and fixed jointly by Osians and the Seller. In the event of higher Bids being offered, the Auction will continue by means of Paddle Bidding explained in Clause 7. 6. Absentee Bidding i. If instructed and where possible, Osians will, for the convenience of intending Purchasers provide the service of executing Bids and advising intending Purchasers. This service shall be free. The intending Purchaser shall mention the maximum amount till which Forty Masterpieces of 20th Century Painting & Drawing: From India, Pakistan, Bangladesh & Sri Lanka INDEX OF ARTISTS AND LOTS INDEX OF WRITERS AND LOTS Terms and Conditions SIRAJ-UD-DIN, Razia 6 SRIVASTAVA, V.R. 8 VASUDEV, S.V. 14