You can bid in AstaGuru auctions in a few easy steps. All you need to do is to create an account on our website and complete registration and verification formalities to get started.

If you are not previously registered to bid with us, you are required to start the registration process at least 4 (four) Business Days before the auction date.

Once you have filled the registration form, an AstaGuru representative will call you to verify your details. After your application has been verified, you will receive an email confirming your registration with the bidding access, Login ID, and Password. Please note that all bidders must obtain bidding access at least 24 hours before the auction goes live.

For verification purposes, AstaGuru requires potential bidders to submit the following documents:

(i) any government issued proof of identity;
(ii) any government issued proof of residence;
(iii) PAN and Aadhar details (proof of the prospective bidder’s tax residency status);
(iv) if the prospective bidder is not an individual, AstaGuru may require additional information and documentation with respect to the entity (i.e Board resolution and memorandum of association)

Bidders cannot change their e-mail address or phone number after registering to bid. However, all other details can be altered once your profile is made. In case of change in residence or contact, we request bidders to contact our customer care team.

You can place your bids once the auction goes live on our website.

Open the AstaGuru website. Select the auction you would like to bid on under the Live Auction.

Once you have identified the lot you would like to bid on, click on Bid to confirm your bid at the value listed in either INR or USD. Please note that once a bid has been placed, it cannot be cancelled.

If you are outbid during the live bidding, you can place the next valid bid with a 10% increment. Please note that once the bid value exceeds INR five crore, the increment will be 5%.

You can continue bidding on lots until they reach their closing schedule. Make sure to click on the Refresh button at regular intervals to ensure updates.

The closing bid will be considered as the winning bid only if it exceeds the reserve price.

In the event a bid is placed under three minutes from the closing schedule of the Lot, the closing time for that Lot will be reset to three minutes. This process shall continue until there are no further bids placed under three minutes remaining for the end of the auction.

The value of the opening bid shall be determined as follows:

a) The opening bid shall be 10% lower than the value of the lower estimate.

b) In case of a 'No Reserve' auction, the opening bid shall be at INR 20,000. (A ‘No Reserve’ auction is one in which no ‘Reserve Price’ has been set.)

a) All live bids on the Website shall have an increment of 10% (ten per cent);

b) If the bid exceeds INR 5,00,00,000 (Indian Rupees Five Crores only), the increment on the live bid shall be 5%.

AstaGuru may set limits on the number of bids that may be made by a Bidder.

Bidders shall be informed of their bidding limits, if applicable. Upon exhausting the respective bidding limit, the Bidder will not be able to place any further bid, however AstaGuru does allow bidders to increase their limit at its discretion.

Tied based bidding limit corresponding to Security Deposit

Alternatively you can also setup the bid limits via a bank transfer. Details of your bank account are mentioned below.

Mode of Transfer: DD/RTGS/NEFT

AstaGuru Bank Details:
Name of the Beneficiary:AstaGuru Auction House Private Limited
Bank Name: ICICI Bank,
Branch: 240 Navsari Building, D. N. Road, Fort, Mumbai - 400001. India.
Account No: 623506000584
Swift Code: ICICINBBCTS
BAN Number: DE92501108006231605970 (For Euro Payments)
IBAN Number: ABA FED No. 021000021 (For USD Payments)

Once the Bidder has placed a bid and/or a proxy bid, the Bidder cannot cancel such a bid.

a) Absentee or Proxy Bids are those bids which are placed by a Registered Bidder in any auction, either before the start of the auction or during a live auction, where the system automatically places the bids for the Registered Bidder as per the amounts set by the Bidder.

b) A Proxy Bid placed before the start of an auction (pre-auction Proxy Bid) may be placed at least 24 hours prior to the start of an auction. A pre-auction Proxy Bid can be cancelled more than 24 hours prior to the start of an auction.

c) A Proxy Bid placed during a live auction cannot be cancelled once placed.

a) Phone bidding is a free service offered as a convenience to all Registered Bidders

b) Phone Bids request must be made no later than 24 hours prior to the auction.

c) In the case of telephone bids, at about the time the Lot comes up for auction, attempts will be made to contact the Bidder by telephone and, if successful, the Bidder may then participate in the auction through the AstaGuru staff.

d) The Bidder shall have to provide his Login access, including the password to his account to an AstaGuru representative, who will then place the Bid on his behalf.

Once your bidding has been successful, you will receive an email with the invoice stating the final purchase price payable, including the hammer price, the margin, and other costs to be paid by the buyer. All sales in India will attract GST ranging from 3% to 28% according to different categories.
 

You will be required to complete the payment within seven business days from the receipt of the invoice. Any delay in payment will be liable for a 2% interest charged per month.