ABSOLUTE AUCTION OF INDIAN ART & COLLECTIBLES (15-16 MAY 2013)

Certain lots are marked with the symbol . These lots are located outside India and therefore, may only be bid for and purchased in USD. Indian residents may bid on these lots by complying with appropriate processes for foreign exchange payments as outlined in this declaration. Please sign the declaration and fax it back to Saffronart at (91 22) 2432 1187 or contact Saffronart at (91 22) 2432 2898 for any assistance.

This lot has been imported into India. To remove it from a Free Trade Warehousing Zone (FTWZ), a customs duty at 11% will be added to the hammer price. The applicable GST will be charged on the amount inclusive of the hammer price and the duty. To learn more about FTWZ, read our FAQs

Saffronart has an ownership interest in lots marked with the symbol .

The seller of lots marked with is guaranteed a minimum price. This guarantee may be provided by Saffronart, or jointly by Saffronart and any third party, or any third party.

Certain lots are marked with the symbol . These lots are located outside India and therefore, may only be bid for and purchased in USD. Indian residents may bid on these lots by complying with appropriate processes for foreign exchange payments as outlined in this declaration. Please sign the declaration and fax it back to Saffronart at (91 22) 2432 1187 or contact Saffronart at (91 22) 2432 2898 for any assistance.

This lot has been imported into India. To remove it from a Free Trade Warehousing Zone (FTWZ), a customs duty at 11% will be added to the hammer price. The applicable GST will be charged on the amount inclusive of the hammer price and the duty. To learn more about FTWZ, read our FAQs

Saffronart has an ownership interest in lots marked with the symbol .

The seller of lots marked with is guaranteed a minimum price. This guarantee may be provided by Saffronart, or jointly by Saffronart and any third party, or any third party.

Certain lots are marked with the symbol . These lots are located outside India and therefore, may only be bid for and purchased in USD. Indian residents may bid on these lots by complying with appropriate processes for foreign exchange payments as outlined in this declaration. Please sign the declaration and fax it back to Saffronart at (91 22) 2432 1187 or contact Saffronart at (91 22) 2432 2898 for any assistance.

This lot has been imported into India. To remove it from a Free Trade Warehousing Zone (FTWZ), a customs duty at 11% will be added to the hammer price. The applicable GST will be charged on the amount inclusive of the hammer price and the duty. To learn more about FTWZ, read our FAQs

Saffronart has an ownership interest in lots marked with the symbol .

The seller of lots marked with is guaranteed a minimum price. This guarantee may be provided by Saffronart, or jointly by Saffronart and any third party, or any third party.

Certain lots are marked with the symbol . These lots are located outside India and therefore, may only be bid for and purchased in USD. Indian residents may bid on these lots by complying with appropriate processes for foreign exchange payments as outlined in this declaration. Please sign the declaration and fax it back to Saffronart at (91 22) 2432 1187 or contact Saffronart at (91 22) 2432 2898 for any assistance.

This lot has been imported into India. To remove it from a Free Trade Warehousing Zone (FTWZ), a customs duty at 11% will be added to the hammer price. The applicable GST will be charged on the amount inclusive of the hammer price and the duty. To learn more about FTWZ, read our FAQs

Saffronart has an ownership interest in lots marked with the symbol .

The seller of lots marked with is guaranteed a minimum price. This guarantee may be provided by Saffronart, or jointly by Saffronart and any third party, or any third party.

Certain lots are marked with the symbol . These lots are located outside India and therefore, may only be bid for and purchased in USD. Indian residents may bid on these lots by complying with appropriate processes for foreign exchange payments as outlined in this declaration. Please sign the declaration and fax it back to Saffronart at (91 22) 2432 1187 or contact Saffronart at (91 22) 2432 2898 for any assistance.

This lot has been imported into India. To remove it from a Free Trade Warehousing Zone (FTWZ), a customs duty at 11% will be added to the hammer price. The applicable GST will be charged on the amount inclusive of the hammer price and the duty. To learn more about FTWZ, read our FAQs

Saffronart has an ownership interest in lots marked with the symbol .

The seller of lots marked with is guaranteed a minimum price. This guarantee may be provided by Saffronart, or jointly by Saffronart and any third party, or any third party.

Certain lots are marked with the symbol . These lots are located outside India and therefore, may only be bid for and purchased in USD. Indian residents may bid on these lots by complying with appropriate processes for foreign exchange payments as outlined in this declaration. Please sign the declaration and fax it back to Saffronart at (91 22) 2432 1187 or contact Saffronart at (91 22) 2432 2898 for any assistance.

This lot has been imported into India. To remove it from a Free Trade Warehousing Zone (FTWZ), a customs duty at 11% will be added to the hammer price. The applicable GST will be charged on the amount inclusive of the hammer price and the duty. To learn more about FTWZ, read our FAQs

Saffronart has an ownership interest in lots marked with the symbol .

The seller of lots marked with is guaranteed a minimum price. This guarantee may be provided by Saffronart, or jointly by Saffronart and any third party, or any third party.

Certain lots are marked with the symbol . These lots are located outside India and therefore, may only be bid for and purchased in USD. Indian residents may bid on these lots by complying with appropriate processes for foreign exchange payments as outlined in this declaration. Please sign the declaration and fax it back to Saffronart at (91 22) 2432 1187 or contact Saffronart at (91 22) 2432 2898 for any assistance.

This lot has been imported into India. To remove it from a Free Trade Warehousing Zone (FTWZ), a customs duty at 11% will be added to the hammer price. The applicable GST will be charged on the amount inclusive of the hammer price and the duty. To learn more about FTWZ, read our FAQs

Saffronart has an ownership interest in lots marked with the symbol .

The seller of lots marked with is guaranteed a minimum price. This guarantee may be provided by Saffronart, or jointly by Saffronart and any third party, or any third party.

Certain lots are marked with the symbol . These lots are located outside India and therefore, may only be bid for and purchased in USD. Indian residents may bid on these lots by complying with appropriate processes for foreign exchange payments as outlined in this declaration. Please sign the declaration and fax it back to Saffronart at (91 22) 2432 1187 or contact Saffronart at (91 22) 2432 2898 for any assistance.

This lot has been imported into India. To remove it from a Free Trade Warehousing Zone (FTWZ), a customs duty at 11% will be added to the hammer price. The applicable GST will be charged on the amount inclusive of the hammer price and the duty. To learn more about FTWZ, read our FAQs

Saffronart has an ownership interest in lots marked with the symbol .

The seller of lots marked with is guaranteed a minimum price. This guarantee may be provided by Saffronart, or jointly by Saffronart and any third party, or any third party.

Certain lots are marked with the symbol . These lots are located outside India and therefore, may only be bid for and purchased in USD. Indian residents may bid on these lots by complying with appropriate processes for foreign exchange payments as outlined in this declaration. Please sign the declaration and fax it back to Saffronart at (91 22) 2432 1187 or contact Saffronart at (91 22) 2432 2898 for any assistance.

This lot has been imported into India. To remove it from a Free Trade Warehousing Zone (FTWZ), a customs duty at 11% will be added to the hammer price. The applicable GST will be charged on the amount inclusive of the hammer price and the duty. To learn more about FTWZ, read our FAQs

Saffronart has an ownership interest in lots marked with the symbol .

The seller of lots marked with is guaranteed a minimum price. This guarantee may be provided by Saffronart, or jointly by Saffronart and any third party, or any third party.

Certain lots are marked with the symbol . These lots are located outside India and therefore, may only be bid for and purchased in USD. Indian residents may bid on these lots by complying with appropriate processes for foreign exchange payments as outlined in this declaration. Please sign the declaration and fax it back to Saffronart at (91 22) 2432 1187 or contact Saffronart at (91 22) 2432 2898 for any assistance.

This lot has been imported into India. To remove it from a Free Trade Warehousing Zone (FTWZ), a customs duty at 11% will be added to the hammer price. The applicable GST will be charged on the amount inclusive of the hammer price and the duty. To learn more about FTWZ, read our FAQs

Saffronart has an ownership interest in lots marked with the symbol .

The seller of lots marked with is guaranteed a minimum price. This guarantee may be provided by Saffronart, or jointly by Saffronart and any third party, or any third party.

Certain lots are marked with the symbol . These lots are located outside India and therefore, may only be bid for and purchased in USD. Indian residents may bid on these lots by complying with appropriate processes for foreign exchange payments as outlined in this declaration. Please sign the declaration and fax it back to Saffronart at (91 22) 2432 1187 or contact Saffronart at (91 22) 2432 2898 for any assistance.

This lot has been imported into India. To remove it from a Free Trade Warehousing Zone (FTWZ), a customs duty at 11% will be added to the hammer price. The applicable GST will be charged on the amount inclusive of the hammer price and the duty. To learn more about FTWZ, read our FAQs

Saffronart has an ownership interest in lots marked with the symbol .

The seller of lots marked with is guaranteed a minimum price. This guarantee may be provided by Saffronart, or jointly by Saffronart and any third party, or any third party.

Certain lots are marked with the symbol . These lots are located outside India and therefore, may only be bid for and purchased in USD. Indian residents may bid on these lots by complying with appropriate processes for foreign exchange payments as outlined in this declaration. Please sign the declaration and fax it back to Saffronart at (91 22) 2432 1187 or contact Saffronart at (91 22) 2432 2898 for any assistance.

This lot has been imported into India. To remove it from a Free Trade Warehousing Zone (FTWZ), a customs duty at 11% will be added to the hammer price. The applicable GST will be charged on the amount inclusive of the hammer price and the duty. To learn more about FTWZ, read our FAQs

Saffronart has an ownership interest in lots marked with the symbol .

The seller of lots marked with is guaranteed a minimum price. This guarantee may be provided by Saffronart, or jointly by Saffronart and any third party, or any third party.