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Lot 25: พร้าว / หมาก / ตาล

Est: ฿240,000 THB - ฿280,000 THBSold:
The Art Auction CenterMay 19, 2024Bangkok, Thailand

Item Overview

Description

Pornchai Jaima, พร้าว / หมาก / ตาล, 2010

Dimensions

H.80.0 W.60.0

Artist or Maker

Medium

Tempera and acrylic on canvas

Date

2010

Payment & Shipping

Accepted forms of payment: Wire Transfer

Shipping

The Winning Bidder will be responsible for the packaging and transportation of their lot from the auction venue.

Auction Details

STRATOSPHERE

by
The Art Auction Center
May 19, 2024, 02:00 PM ICT

23 River City Bangkok Room 442-443 4th Floor Soi Rong Namkhaeng Yotha road, Talad Noi, Samphanthawong, Bangkok, 10100, TH

Terms

Buyer's Premium

20.0%

Bidding Increments

From:To:Increment:
฿0฿199,999฿10,000
฿200,000฿499,999฿20,000
฿500,000฿999,999฿50,000
฿1,000,000+฿100,000

Condition of Sale

CONDITION OF SALE

AUCTION RULES AND BUYER'S PREMIUM

The Auction will proceed one Lot at a time, in sequential order, and will take bids from the auction floor, telephone, online, and absentee bid (See section: How to Participate in the Auction below).

Auction Rules: The Auction will follow the English auction format; that is, for each Lot:

The Auctioneer will open the auction of the Lot by announcing the starting price.

The Auctioneer will determine the minimum increment of bids and accept increasingly higher bids from Bidders. Each Bidder may announce their own bid given that it is higher than the minimum increment.

At any given moment, the Auctioneer reserves his/her right to determine the current highest bid ("Standing Bid").

If no competing bidder challenges the Standing Bid within the count of three, the Auctioneer falls the hammer, and the Stand Bid becomes the winner.

Buyer's Premium: Each Lot will be sold to its corresponding Winning Bidder at the winning price ("Hammer Price") plus Buyer's Premium.

For Non-Online Bidders (including, In-Person, Absentee, and Telephone), the Buyer's Premium is equal to 15% of the Hammer Price and is subject to 7% VAT (i.e. totaling 16.05% of the Hammer Price, inclusive of VAT).

For Online Bidders via invaluable.com, the Buyer's Premium includes Online platform service fee and is equal to 20% of the Hammer Price and is subject to 7% VAT (i.e. totaling 21.40% of the Hammer Price, inclusive of VAT)

TAAC shall not be responsible for any other applicable taxes and tariffs.



REGISTRATION FOR BIDDING

The Auction will take bids from the auction floor (including absentee bids), telephone, and online via invaluable.com. Please see below the registration process for each channel.


FOR IN-PERSON BIDDING / TELEPHONE BIDDING / ABSENTEE BIDDING

Step 1: Prepare the Supporting Document for Registration
1. Copy of THAI ID card or copy of passport (for foreigners)
2. Evidence of payment for credit cards or utility bills to confirm your identity and address

For Absentee Bidding and Telephone Bidding only,
Please contact us at (+66) 02 233 7939 to arrange for Absentee Bidding / Telephone Bidding


Step 2: Fill your Registration Form


REGISTER IN-PERSON

Self-registration at TAAC, 4th floor of River City Bangkok


Please bring your Supporting Document in-person or send them electronically to [email protected]


Step 3: Submit your deposit** For On-floor/ Absentee/ Telephone bidding

The deposit amount for all types of Bidders is THB 50,000 (Fifty Thousand Baht). Please submit the deposit via one of the channels below:

Bank Transfer to TAAC account shown below:

Account name : The Art Auction Center Company Limited
Bank Branch : Siam Commercial Bank Talad Noi Branch
Account No. : 013-408874-2

Credit Card: Visa or Mastercard. (in-person only)

Once the deposit has been submitted, please send the proof of your deposit electronically to [email protected] or LINE Official Account: @theartauction

Registration will be completed after TAAC receives all the required documents, which we will notify you with the confirmation via your initial contact channel (email, LINE official or social media inbox)


ONLINE BIDDING via www.invaluable.com

Please pre-register for Online Bidding at www.invaluable.com 3 working days before the auction day.

Please note that we may only provide your access to the Online Bidding after receiving all supporting documents requested.

The total bid amount will be limited to THB 500,000 for Online Bidder. If you wish to increase your total bid amount limit, please contact TAAC at [email protected]



PAYMENT FOR SOLD LOTS AND RETURN OF DEPOSIT

The Winning Bidder must make payment in full, including the Buyer's Premium*, and collect the Lot within 5 business days after the auction day. The payment can be made via bank transfer:

Bank Transfer to TAAC account shown below:
Account name: The Art Auction Center Company Limited
Bank Branch: Siam Commercial Bank Talad Noi Branch
Account No.: 013-408874-2

If the Winning Bidder fails to make payment in full within the designated period, TAAC reserves the right to offer the auctioned Lot to the next highest bidder. In this case, the deposit of the Winning Bidder will be forfeited to TAAC.

If the Winning Bidder fails to collect the Lot(s) within the designated period, TAAC reserves the right to charge a maintenance fee of 1,000 Baht per day per Lot, and if the Winning Bidder fails to contact TAAC to collect the Lot within 3 months from the Auction Day, the Lot in question will fall under the Ownership of TAAC.

*BUYER'S PREMIUM

For Non-Online Bidders (Including, In-person, Absentee, and Telephone), the Buyer's Premium is equal to 15% of the Hammer Price and is subject to 7% VAT (i.e. totaling 16.05% of the Hammer Price, inclusive of VAT).

For Online Bidders via invaluable.com, the Buyer's Premium includes Online platform service fee and is equal to 20% of the Hammer Price and is subject to 7% VAT (i.e. totaling 21.40% of the Hammer Price, inclusive of VAT)



RETURN OF DEPOSIT

Deposit shall be seized by TAAC only in case the Bidder fails to make payment in full for their winning Lot.
Deposit made by Bank Transfer will be returned to the Bidder's designated bank account within 7 days.
Deposit made by credit card will be returned at the end of the event by cancelling the deposit transaction if the Bidder wins nothing. However, if the Bidder cannot make payment in full for the winning Lot within the Auction Date, TAAC may consider the deposit as a partial payment for the Lot. (Subject to 3% credit card surcharge)

TRANSPORTATION

The Winning Bidder will be responsible for the packaging and transportation of their Lot from the Auction Venue.

The above information is a guide for Bidders only. The Art Auction Center Company Limited reserves the right to determine interpretation and judgment in the event of any disagreement.

For further information, please contact The Art Auction Center Company Limited,

4th Floor, River City Bangkok, Room 442-443 or call (+66) 2 233 7939 / (+66) 65 097 9909
or email: [email protected]

Payment terms

The Winning Bidder must make payment in full, including the Buyer's Premium*, and collect the Lot within 5 business days after the auction day. The payment can be made via bank transfer:

Bank Transfer to TAAC account shown below:
Account name: The Art Auction Center Company Limited
Bank Branch: Siam Commercial Bank Talad Noi Branch
Account No.: 013-408874-2

If the Winning Bidder fails to make payment in full within the designated period, TAAC reserves the right to offer the auctioned Lot to the next highest bidder. In this case, the deposit of the Winning Bidder will be forfeited to TAAC.

If the Winning Bidder fails to collect the Lot(s) within the designated period, TAAC reserves the right to charge a maintenance fee of 1,000 Baht per day per Lot, and if the Winning Bidder fails to contact TAAC to collect the Lot within 3 months from the Auction Day, the Lot in question will fall under the Ownership of TAAC.

Payment terms

The Winning Bidder must make payment in full, including the Buyer's Premium*, and collect the Lot within 5 business days after the auction day. The payment can be made via bank transfer:

Bank Transfer to TAAC account shown below:
Account name: The Art Auction Center Company Limited
Bank Branch: Siam Commercial Bank Talad Noi Branch
Account No.: 013-408874-2

If the Winning Bidder fails to make payment in full within the designated period, TAAC reserves the right to offer the auctioned Lot to the next highest bidder. In this case, the deposit of the Winning Bidder will be forfeited to TAAC.

If the Winning Bidder fails to collect the Lot(s) within the designated period, TAAC reserves the right to charge a maintenance fee of 1,000 Baht per day per Lot, and if the Winning Bidder fails to contact TAAC to collect the Lot within 3 months from the Auction Day, the Lot in question will fall under the Ownership of TAAC.

Payment terms

The Winning Bidder must make payment in full, including the Buyer's Premium*, and collect the Lot within 5 business days after the auction day. The payment can be made via bank transfer:

Bank Transfer to TAAC account shown below:
Account name: The Art Auction Center Company Limited
Bank Branch: Siam Commercial Bank Talad Noi Branch
Account No.: 013-408874-2

If the Winning Bidder fails to make payment in full within the designated period, TAAC reserves the right to offer the auctioned Lot to the next highest bidder. In this case, the deposit of the Winning Bidder will be forfeited to TAAC.

If the Winning Bidder fails to collect the Lot(s) within the designated period, TAAC reserves the right to charge a maintenance fee of 1,000 Baht per day per Lot, and if the Winning Bidder fails to contact TAAC to collect the Lot within 3 months from the Auction Day, the Lot in question will fall under the Ownership of TAAC.

Shipping Terms

The Winning Bidder will be responsible for the packaging and transportation of their lot from the auction venue.

Shipping Terms

The Winning Bidder will be responsible for the packaging and transportation of their lot from the auction venue.

Shipping Terms

The Winning Bidder will be responsible for the packaging and transportation of their lot from the auction venue.

Buyer's premium terms

For Non-Online Bidders (including, In-person, Absentee, and Telephone), the Buyer's Premium is equal to 15% of the Hammer Price and is subject to 7% VAT (i.e. totaling 16.05% of the Hammer Price, inclusive of VAT).

For Online Bidders via invaluable.com, the Buyer's Premium includes Online platform service fee and is equal to 20% of the Hammer Price and is subject to 7% VAT (i.e. totaling 21.40% of the Hammer Price, inclusive of VAT)

Buyer's premium terms

For Non-Online Bidders (including, In-person, Absentee, and Telephone), the Buyer's Premium is equal to 15% of the Hammer Price and is subject to 7% VAT (i.e. totaling 16.05% of the Hammer Price, inclusive of VAT).

For Online Bidders via invaluable.com, the Buyer's Premium includes Online platform service fee and is equal to 20% of the Hammer Price and is subject to 7% VAT (i.e. totaling 21.40% of the Hammer Price, inclusive of VAT)

Buyer's premium terms

For Non-Online Bidders (including, In-person, Absentee, and Telephone), the Buyer's Premium is equal to 15% of the Hammer Price and is subject to 7% VAT (i.e. totaling 16.05% of the Hammer Price, inclusive of VAT).

For Online Bidders via invaluable.com, the Buyer's Premium includes Online platform service fee and is equal to 20% of the Hammer Price and is subject to 7% VAT (i.e. totaling 21.40% of the Hammer Price, inclusive of VAT)

Taxes Terms

For Non-Online Bidders (including, In-person, Absentee, and Telephone), the Buyer's Premium is equal to 15% of the Hammer Price and is subject to 7% VAT (i.e. totaling 16.05% of the Hammer Price, inclusive of VAT).

For Online Bidders via invaluable.com, the Buyer's Premium includes Online platform service fee and is equal to 20% of the Hammer Price and is subject to 7% VAT (i.e. totaling 21.40% of the Hammer Price, inclusive of VAT)

Taxes Terms

For Non-Online Bidders (including, In-person, Absentee, and Telephone), the Buyer's Premium is equal to 15% of the Hammer Price and is subject to 7% VAT (i.e. totaling 16.05% of the Hammer Price, inclusive of VAT).

For Online Bidders via invaluable.com, the Buyer's Premium includes Online platform service fee and is equal to 20% of the Hammer Price and is subject to 7% VAT (i.e. totaling 21.40% of the Hammer Price, inclusive of VAT)

Taxes Terms

For Non-Online Bidders (including, In-person, Absentee, and Telephone), the Buyer's Premium is equal to 15% of the Hammer Price and is subject to 7% VAT (i.e. totaling 16.05% of the Hammer Price, inclusive of VAT).

For Online Bidders via invaluable.com, the Buyer's Premium includes Online platform service fee and is equal to 20% of the Hammer Price and is subject to 7% VAT (i.e. totaling 21.40% of the Hammer Price, inclusive of VAT)