AUCTION OF FINE JEWELS | ONLINE (15-16 OCTOBER 2019)

144-145 / 160

144 145
BIDDING INCREMENTS
Bidding begins below the lower estimate, and increases in steps, or increments. The next valid bid is based on the increments listed
below. If bidders enter a proxy bid online, the next bid is placed at the minimum incremental value.
1. I agree and consent to paying the Buyer’s Premium calculated at the rate of (i) 15% of the winning bid value of up to and including
USD 2,000,000 and (ii) 10% of the winning bid value in excess of USD 2,000,000. For loose stones, the Buyer’s Premium is calculated at
5% of the winning bid value. All applicable duties and taxes, and shipping and handling charges shall be borne by me.
2. I understand that if Saffronart receives identical absentee/proxy Bids, and if these Bids are the highest for the Lot, Saffronart will sell
the Lot to the Bidder whose Bid it received and accepted first.
3. I understand that absentee/proxy Bids submitted on “no reserve” lots will be executed at a minimum of 10% of the lower estimate
(the "Minimum Value"), if there is no competing Bid, and the absentee/proxy Bid amount is greater than the Minimum Value.
For New Bidders
If you have not previously registered with please create a username on our website. To participate in this auction, you
will have to pre–register with your login details. When contacted by our representative, please provide a proof of identity and address
document, such as a copy of an official photo identity card (either a PAN Card, National Identity Card, Passport or Driver’s Licence). Once
your documents are verified, you will be given access to bid. You may also call our auction helpline at .
INR increments are subject to change depending on the
exchange rate for the auction.
Below $5000
• By $100 up to but less than $1,000
• By $150 up to but less than $2,500
• By $250 up to but less than $5,000
$5,000 ‒ $10,000
• By $500 up to but less than $7,500
• By $750 up to but less than $10,000
$10,000 ‒ $50,000
• By $1,000 up to but less than $15,000
• By $1,500 up to but less than $25,000
• By $2,500 up to but less than $50,000
$50,000 ‒ $100,000
• By $5,000 up to but less than $75,000
• By $7,500 up to but less than $100,000
$100,000 ‒ $500,000
• By $10,000 up to but less than $150,000
• By $15,000 up to but less than $200,000
• By $20,000 up to but less than $250,000
• By $25,000 up to but less than $500,000
$500,000 ‒ $1,000,000
• By $50,000 up to but less than $750,000
• By $75,000 up to but less than $1,000,000
$1,000,000 ‒ $10,000,000
• By $100,000 up to but less than $2,000,000
• By $200,000 up to but less than $3,000,000
• By $300,000 up to but less than $4,000,000
• By $400,000 up to but less than $5,000,000
• By $500,000 up to but less than $6,000,000
• By $600,000 up to but less than $7,000,000
• By $700,000 up to but less than $8,000,000
• By $800,000 up to but less than $9,000,000
• By $900,000 up to but less than $10,000,000
• By $1,000,000 from $10,000,000