a letter sent by post, fax or email). Competitive bidding can often escalate very quickly. Diamonds of this calibre attract interest well beyond the traditional pool of collectors. (iv) Sotheby’s Authenticity Guarantee, as applicable to the item of Property (set out below). Prospective buyers or their agents wishing to do so should make an appointment with the Watch Department for a private view the week before the sale. Offering a total of 320 lots, estimated in excess of $99 million. Your updated bid is submitted by pressing ‘Continue to Confirm Bid’. (a) Sotheby’s shall refund the Purchase Price to the Buyer in circumstances where it deems that the Lot is a Counterfeit and each of the conditions of the applicable Authenticity Guarantee has been satisfied. Sotheby's has an 88.22-carat flawless diamond that it will auction at their Magnificent Jewels sale in Hong Kong on April 2nd. Once you have set up a Verified Account, you will be able to submit a bid for a Lot by entering your maximum bid and clicking the ‘Place Bid’ button which appears at Lot level on the Online Only Platform. Bids can be submitted through the Online Only Platform from the start of the Online Only Auction until the Lot closes. With viewing beginning 31 March at the Hong Kong Convention & Exhibition Centre, these glittering treasures will be on full display in advance of the auction … We encourage you to monitor the bids on Lots throughout the duration of the Online Only Auction to ensure your status as the highest bidder up until the close of the Online Only Auction. The Collection of Hester Diamond Part I. This is important because the EU Consumer Rights Directive provides that if the Seller is an Online Trader and the Buyer is an Online Consumer, the Buyer shall have the right to cancel the purchase of a Lot (in accordance with the procedure set out at Condition 11 of these Condition of Business for Buyers (Online Only)). All wristwatches are sold as viewed and cannot be returned on the grounds that repairs have been carried out or parts supplied by anyone other than the named makers. With jewels ranging from antique, to vintage, to contemporary, nearly … (b) If you have not already bid online in a Sotheby’s sale, you will have to create a Verified Account in order to register for a particular Online Only Auction and to be eligible to bid in that particular Online Only Auction. Buyers should note that local sales taxes or use taxes may become payable upon import of items following purchase (for example, use tax may be due when purchased items are imported into certain states in the US). (a) The Bidder and/or Buyer warrants that: (i)   the Bidder and/or Buyer is not subject to trade sanctions, embargoes or any other restriction on trade in the jurisdiction in which it does business as well as under the laws of the European Union, the laws of England and Wales, or the laws and regulations of the United States, and is not owned (nor partly owned) or controlled by such sanctioned person(s) (collectively, “Sanctioned Person(s)”); and. Although personal and company cheques drawn in Hong Kong dollars on Hong Kong banks are accepted, you are advised that property will not be released until such cheques have cleared unless you have a pre-arranged Cheque Acceptance Facility. Sotheby's Exceptional colored gems will take center stage at the next Sotheby’s Hong Kong Magnificent Jewels sale, which will be held live on October 7 at Sotheby… Sotheby's shall inform the Buyer of the exercise of any such lien and within fourteen (14) days of such notice may arrange the sale of such property and apply the proceeds to the amount owed to Sotheby’s; (h) resell the Lot by auction or private sale, with estimates and reserves at Sotheby's discretion. Will a diamond tell us how we are really doing? All Lots are offered for sale in the condition which they are in at the time of sale in an Online Only Auction. Please note the following information regarding Sotheby's accepted payment policies: •It is against Sotheby’s general policy to accept single or multiple related payments in the form of cash or cash equivalents in excess of the local currency equivalent of HK$80,000. Throughout the registration process, Sotheby’s has absolute discretion to request Bidders to supply such additional information and references as may be required by Sotheby's. If Sotheby’s sells any gemstone or pearls which the Buyer subsequently shows to Sotheby’s reasonable satisfaction not to be genuine or of natural origin, subject to the terms below Sotheby’s will set aside the sale and refund to the Buyer the total amount paid by the Buyer to Sotheby’s for such gemstones or pearls, in the currency of the original sale. In February 2004, Realogy entered into a long-term strategic alliance with Sotheby's, the operator of the auction house. Jewelry Auctions. This Guarantee is provided for a period of twenty one (21) days after the date of the relevant auction, is solely for the benefit of the Buyer and may not be transferred to any third party. Thank you for your co-operation. (a) Sotheby’s knowledge in relation to each Lot is partially dependent on information provided to it by the Seller, and Sotheby’s is not able to and does not carry out exhaustive due diligence on each Lot. Provided that the Online Consumer sends the communication to inform the Online Trader of the cancellation prior to the end of the Online Sale Cancellation Period, the Online Consumer will be deemed to have cancelled the sales contract within the Online Sale Cancellation Period. The term bears a signature and/or date and/or inscription means that in our opinion the signature and/or date and/or inscription have been added by another hand. Any reference to condition in the Online Sale Information will not amount to a full description of condition and the absence of any reference to the condition of a Lot in the online catalogue description does not imply that the Lot is free from faults or imperfections. Alternatively, the Online Consumer may use the model cancellation form set out below. (b) The Online Sale Information will identify the owner of the Lot immediately prior to the start of the Online Only Auction as either (i) a third party (in which case, Sotheby’s acts as agent for the Seller) or (ii) Sotheby’s (in which case, Sotheby’s acts in principal capacity as Seller). The online images of the Lot form part of the condition report provided by Sotheby’s. You will have to bear the direct costs of returning the Lot. A post shared by Jill Newman (@jillnewman). Sotheby’s will only accept payment from the registered Bidder and we cannot change the Buyer’s name on an invoice or reissue the invoice in a name which differs to the name of the registered Bidder. Dimensions are given height before width. In an Online Only Auction conducted by Sotheby's in Hong Kong, the Buyer’s Premium rate is as follows: 25% of the Hammer Price up to and including HK$3,500,000, 20% of any amount in excess of HK$3,500,000 up to and including HK$31,000,000 and 13.9% of any amount in excess of HK$31,000,000. If Sotheby’s has not completed its enquiries in respect of anti-money laundering, anti-terrorist financing or other checks as it considers appropriate concerning the Bidder and/or Buyer or the Seller to Sotheby’s satisfaction at its discretion, Sotheby’s shall be entitled either not to complete or to cancel the sale of any lot, as appropriate, and to take any further action required or permitted under applicable law without any liability to the Bidder and/or Buyer. That, it is the second-largest oval diamond of its rights card purchases may accurately. Part of the Lot ) jewelry Auctions sales, including all Auction times, Lots locations! 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