Jain Auction House offers an exciting opportunity to acquire stamps, coins, banknotes, and medals in India. There are multiple ways to participate, making the process accessible to all collectors and enthusiasts. Here are some essential tips to guide you through the auction process.
For bidding inquiries and sale results, please contact us at auction@jainauctionhouse.com
Catalogues Listing
Our catalogues provide valuable information for clients interested in participating in our auctions. Released well in advance of the auction date, they feature detailed item descriptions, estimated values, and the relevant terms and conditions.
You can download all catalogues for your reference, free of charge from our catalogue section and view them!
Lot Viewing
All auction items are displayed for several days prior to the sale, with the viewing schedule listed in the catalogue. We warmly invite and strongly encourage you to physically inspect the lots before bidding. Our team is happy to discuss the background and quality of each item. These pre-sale viewings are free and open to the public, as are all Jain Auction House.
Online Registration
Only registered bidders are eligible to participate in Jain Acution House auctions. Therefore, prospective buyers must online registration in advance to bid on the auction.
To Place Your Bid
Before placing a bid, please review the Terms and Conditions for Buyers, which are also included at the back of each printed catalogue.
If you are a new client, we require numismatics references in advance to open an account for you.
Bidding in our auction constitutes a legally binding contract. You may participate by choosing any of the following methods:
1) In-Person Bidding
On the auction day, follow the signs for 'Registration.' To register, you'll need to complete a form with your name and address, after which you will receive a paddle with your bidder number.
To avoid delays, you can also pre-register by contacting us through the telephone numbers or email addresses provided below.
The auctioneer will begin by offering lots in the order listed in the catalogue. To place a bid, simply raise your paddle and wait for the auctioneer's acknowledgment. If other bidders are interested in the same lot, they will bid against you in the same manner. The auctioneer will continue accepting higher bids until only one bidder remains. The final bidder becomes the successful buyer, with the auctioneer declaring the lot sold and announcing the hammer price.
If bidding does not meet the reserve price—the minimum amount the seller is willing to accept—the lot will remain unsold, and the auctioneer will proceed to the next item.
2) Bidding Through a Representative
If you are unable to attend the sale in person, you may appoint a representative or third party to bid on your behalf. The appointed representative must provide authorization confirming their permission to bid on your behalf.
3) Online Bids
We accept bids through the JAH website. After registering and activating your account, you can log in using your registered email ID and password. Simply browse the current online auction catalogue and place your bids by clicking the Bid Now button next to each lot. A bid form page will open, allowing you to enter your bid in multiples of 100. You can add or modify bids on our website up to three hours before the sale begins.
To increase a bid, submit a new bid for the same lot.
To decrease or cancel a bid, please contact us immediately. Requests are subject to feasibility. If a cancellation is not possible, or if you are the sole bidder on a lot, your bid will automatically be adjusted to the lowest estimate value. Final discretion on bid adjustments rests with JAH.
4) Telephone Bids
If you wish to experience the excitement of bidding as if you were in the room, even from miles away, you can bid by telephone. To arrange this, please contact us at least one day before the auction. A member of our team will call you during the sale and relay your bids to the auctioneer. This service is offered at JAH's discretion.
Price Realization
You can obtain auction results on our website, usually shortly after the conclusion of the auction.
Sale Price Determination
In addition to the hammer price, buyers are required to pay a buyer's premium and applicable government levies, such as GST on both the hammer price and buyer's premium. If the lots are to be shipped, a shipping charge will also be added to the invoice. Full details of all charges are outlined in the Terms and Conditions for Buyers, which are also included in each catalogue.
Payment Methods and Terms
Payment can be made via cash, cheque, demand draft, or bank transfer. Please note that credit card payments are not accepted. Payments must be received within seven days of the sale. For payment options, please click here.
Kindly contact us with your payment details to ensure prompt processing of your order.
Lot Collection
If you attend the sale in person, you can collect your lots on the auction day, provided payment terms have been fulfilled. Alternatively, we can arrange shipping based on prior arrangements.
Shipping Methods
Buyers are responsible for shipping and handling fees. We typically use reputable registered courier services; however, if a customer prefers a specific courier, we are happy to accommodate their request, provided the courier cost is covered by the buyer. Please note that all shipments are at the buyer's risk.
Observe an Auction
You're welcome to attend and watch our auctions in person! They are free and open to the public, offering a great opportunity to see just how simple the auction process is.
Further enquiries mail on auction@jainauctionhouse.com