Bidding Guidelines

ABSENTEE BIDS

If you are unable to attend the auction in person, and wish to place bids, you may give the Santa Fe Art Auction Bid Department instructions to bid on your behalf. Our representatives will then try to purchase the lot or lots of your choice for the lowest price possible, and never for more than the top amount you indicate. The Santa Fe Art Auction offers this service as a convenience to clients who are unable to attend the auction. However, the Santa Fe Art Auction will not be responsible for failure to execute bids, or any errors in executing bids.

PLACING ABSENTEE BIDS

Absentee bids are accepted only if you have returned a signed Absentee Bid Form by mail or fax which authorizes the Santa Fe Art Auction to place bids on your behalf. The Absentee Bid Form appears in the back of this catalogue. Please complete and return to the Santa Fe Art Auction by 5:00 PM MST on December 2, 2016. To place bids, please use the absentee bid form provided in the back of this catalogue. Be sure the lot number and the descriptions are accurate and note the top price you are willing to pay for each lot. No bid will be placed unless you indicate a Top Limit (i.e., the amount that you would bid if you were attending the auction yourself ).

Any alternative bids should be indicated by using the word “OR” between lot numbers. Then if your bid on an early lot is successful, we will not continue to bid on other lots for you. Or, if your early bids are unsuccessful, we will continue to execute bids for alternative lots until a bid is successful. Bids must be placed in the same order as the lot numbers appear in this catalogue.

Please place your bids as early as possible. In the event of identical bids, the earliest bid received will take precedence.

TELEPHONE BIDS

Telephone bids are accepted only if you have returned a signed Absentee Bid Form by mail or fax which authorizes the Santa Fe Art Auction to place bids on your behalf. The Absentee Bid Form appears in the back of this catalogue. Please check the telephone bid box on the form, complete, and return to the Santa Fe Art Auction by 5:00 PM MST on December 2, 2016. Telephone bidders are encouraged to leave back up bids in case of technical failure.

BUYER’S PREMIUM

The Top Limit you indicate on your bid form is the gavel price exclusively. Please keep in mind that a buyer’s premium, as stated in paragraph 3 of the Terms and Conditions of Sale, will be added to the successful bid price of each lot you buy and is payable by you together with the applicable sales tax which is applied to the total cost of the purchase.

SUCCESSFUL BIDS

Successful absentee bidders will be notified and invoiced within a few days of the sale. Successful absentee bidders shall arrange to make payment via cash, check, credit card or wire transfer upon receipt of notification of purchase.

TO FAX A COMPLETED BID FORM, DIAL (505) 954-5785

BIDDING INCREMENTS

Bidding increments are as follows, but may vary at the sole discretion of the auctioneer:

ESTIMATE/INCREMENT

< $2,000/$100
$2,000–$5,000/$250
$5,000–$10,000/$500
$10,000–$20,000/$1,000
$20,000–$50,000/$2,500
$50,000–$10,000/$5,000
> $100,000/$10,000