Diamonds of this calibre attract interest well beyond the traditional pool of collectors. Please note that this Guarantee does not apply if either:-, (i)  the catalogue description was in accordance with the generally accepted opinions of scholars and experts at the date of the sale, or the catalogue description indicated that there was a conflict of such opinions; or, (ii)  the only method of establishing at the date of the sale that the item was a counterfeit would have been by means of processes not then generally available or accepted, unreasonably expensive or impractical to use; or likely to have caused damage to the lot or likely (in Sotheby’s reasonable opinion) to have caused loss of value to the lot; or. You may bid at or above the starting bid displayed on the Online Only Platform. (j) release the name and address of the Buyer to the Seller to enable the Seller to commence legal proceedings to recover the amounts due and legal costs. There is an extraordinary range of jewels on offer, from contemporary design masterminds to iconic legendary jewelers. Alternatively, the Online Consumer may use the model cancellation form set out below. It is agreed that, save in respect of liability for fraudulent misrepresentation, no party has entered into any contract pursuant to these terms in reliance on any representation, warranty or undertaking which is not expressly referred to in such materials. Town & Country participates in various affiliate marketing programs, which means we may get paid commissions on editorially chosen products purchased through our links to retailer sites. Sotheby's has long distinguished itself as a leader in the auction world, and became the first international auction house in Asia, establishing both an office and holding an inaugural auction in Hong Kong in 1973. 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. Sotheby's has absolute discretion to refuse an application to register for, or bid in, an Online Only Auction. Sotheby's is not responsible for estimates, descriptions or any other matters relating to the offer and sale of any Experiences. I/We* hereby give notice that I/We* cancel my/our sale of the following goods [*]/for the provision of the following services [*], Signature of Online Consumer(s) [only if the notification is in hard copy], 13. Please refer to the bidding increments link which appears at Lot level on the Online Only Platform. (e) The Contracts (Rights of Third Parties) Ordinance (Cap. Our presale estimates reflect this assumption. A 163-Carat Diamond Is Going Up for Auction, Louis Vuitton to Cut a 549-Carat Diamond for You, Up For Auction: A Crocodile and Diamond Birkin Bag, Rare Blue Diamond Sets a New Record at Auction, Chintziest Collection Ever Up For Auction. Sotheby's is not obliged to release a Lot to the Buyer until title in the Lot has passed and appropriate identification has been provided, and any earlier release does not affect the passing of title or the Buyer's unconditional obligation to pay the total amounts due for that Lot in accordance with Condition 8(b) above. Sotheby’s has sold 4 out of the 5 most expensive jewels ever offered at auction, led by the “CTF Pink Star”, a 59.60ct oval-cut Fancy Vivid Pink Internally Flawless diamond sold at Sotheby’s Hong Kong in April 2017 for USD $71.2 million, a world record price for any diamond or jewel. You agree that any legal remedy or liability that you seek to obtain arising out of or in connection with any Experience or the Online Only Auction will be limited to a claim against the Seller or other third parties. A buyer’s inability to export or import these Lots cannot justify a delay in payment or a sale’s cancellation. Condition reports may be available to assist Bidders with assessing the condition of a Lot and are for guidance only. Please also note that laboratories may differ in their assessment of a gemstone (including its origin and presence, type and extent of treatments) and their certificates or reports may contain different results. If all lots in the catalogue are lots in which Sotheby’s has an ownership interest, a Special Notice will be included to this effect and the triangle symbol will not be used. The registration process requires that you submit your request to open a Verified Account no later than 24 hours prior to the closing of the first Lot in the relevant Online Only Auction in which you wish to bid (you will also be required to provide certain information to Sotheby’s as part of the application process) to create a Verified Account, please follow the registration instructions provided at: (c) If you have already set up a Verified Account, you can sign into the applicable Online Only Auction using your existing username and password. Having launched her brand in 2007, by 2010 she had already presented her works at Christie’s auction house, and in 2013 her 'Orpheus' ring - featuring an oval jadeite weighing 45.39 carats - became the most expensive piece of modern Asian jewellery after its sale at auction. The auction house touted the gem’s natural dark hue. We may earn commission on some of the items you choose to buy. SUBMISSION OF A BID FOR A LOT IN AN ONLINE ONLY AUCTION. Sotheby's Hong Kong The gem was thought to receive a highest bid between $11.2 and 12.7 million at the Magnificent Jewels and Jadeite auction, but the final price eclipsed the estimate. Payment from the invoiced party is due in full by the payment date stated in the Buyer’s Invoice. (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. To log in to your Verified Account, please follow the login instructions provided at: 2. SOTHEBY’S AUTHENTICITY GUARANTEE FOR JEWELLERY. (a) Unless otherwise specified, all Lots are offered subject to a Reserve, which shall be no higher than the low presale estimate at the opening time for the applicable Online Only Auction. Sotheby's will take reasonable steps to notify the Buyer prior to releasing such details to the Seller. Please note that the ability to obtain an export licence or certificate does not ensure the ability to obtain an import licence or certificate in another country, and vice versa. For that reason, Sotheby’s condition report is not an alternative to taking your own professional advice regarding the condition of the Lot. Sotheby’s may receive a fee for its own account from the agent arranging the dispatch. If all lots in the catalogue are “Premium Lots”, a Special Notice will be included to this effect and this symbol will not be used. 7.The term signed and/or dated and/or inscribed means that in our opinion the signature and/or date and/or inscription are from the hand of the artist. to divide or combine any Lots. Sotheby’s will not be liable for any errors or failure by Bidders to place bids using the Online Only Platform via the internet or a mobile device (except where any such error or failure is within Sotheby’s reasonable control) including, without limitation, errors or failures caused by: (i) any loss of connection between Bidders and the Online Only Platform; (ii) a breakdown or fault with the online bidding software or other technical services which relate to the Online Only Platform; and/or (iii) a breakdown or fault with any internet connection, computer, mobile device or system. It’s a risk for the auction house surely, but also a strong display of confidence in the strength of the market right now, particularly in historic stones and classic jewelry pieces. (a) If the Buyer is an Online Consumer and the Seller is an Online Trader, the Buyer may have the right to cancel the sale contract which exists directly between the Online Trader (as Seller) and the Online Consumer (as Buyer) during the Online Sale Cancellation Period for any reason provided that (i) the Online Consumer duly informs Sotheby’s during the Online Cancellation Period of their intention to cancel the purchase of the Lot; and (ii) the Online Consumer returns the Lot to Sotheby’s without undue delay and in any event not later than fourteen (14) calendar days from the day after the Online Consumer has communicated their intention to cancel the purchase of the Lot to Sotheby’s. Partial payment of a Lot, or payment across multiple credit cards for a single lot, is not permitted. In connection with the sale of any Lot which is an Experience, in no event will Sotheby's aggregate total liability to a Purchaser exceed the portion of purchase price actually paid for a Lot equal to the value of the respective Experience. If the irrevocable bidder is advising anyone with respect to the lot, Sotheby’s requires the irrevocable bidder to disclose his or her financial interest in the lot. This innovative sale seems to us the best way to introduce this exceptional diamond to the world in the current circumstances where travel is restricted and act as a great indicator of the vitality of the demand.”. For each Experience, any incidental costs and expenses such as fees for travel, food or lodging are the sole responsibility of the Purchaser unless otherwise expressly stated in the Experience Listing for the applicable Experience. Having said that, it is important you appreciate that Lots can realize prices which are above or below the pre-sale estimates. To arrange shipping or collection, please contact Post Sale Services. It is also important that you read the Conditions of Business for Buyers (Online Only) which are set out below and note that Sotheby’s acts for the seller; you should refer in particular to Conditions 3 and 4 of the Conditions of Business for Buyers (Online Only). Service of Process - All Bidders and Sellers irrevocably consent to service of process or any other documents in connection with proceedings in any court by facsimile transmission, personal service, delivery by mail or in any other manner permitted by Hong Kong law, the law of the place of service or the law of the jurisdiction where proceedings are instituted, at the last address of the Buyer or Seller known to Sotheby’s or any other usual address. Without limiting the generality of the foregoing, Sotheby's expressly disclaims any implied representations or warranties of merchantability or fitness for a particular purpose, representations and warranties as to the condition, size, quality, rarity, importance, provenance, literature or historical relevance of an Experience, or as to the quality, accuracy, timeliness, non-infringing nature, completeness or reliability of any Online Sale Information which relates to an Experience, including any Experience Listing or other description of any Experience and any representations or warranties arising out of course of dealing or usage of trade. (a) All images and other materials produced for the auction are the copyright of Sotheby's, for use at Sotheby's discretion. Lots with this symbol indicate that parties with a direct or indirect interest in the lot may be bidding on the lot, including (i) the beneficiary of an estate selling the lot, or (ii) the joint owner of a lot. Offering a total of 320 lots, estimated in excess of $99 million. Traditionally, gemstones have been treated by a variety of techniques to enhance color and generally to improve their appearance. All parties agree that Sotheby’s shall retain the right to bring proceedings in any court other than the Hong Kong Courts. Jewelry collectors and enthusiasts eagerly await Sotheby's upcoming Magnificent Jewels and Jadeite auction. 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. (b) As a Buyer in an Online Auction, you request Sotheby’s immediately to begin performance of the delivery services during the Online Services Cancellation Period. Bidders acknowledge this fact and accept responsibility for carrying out investigations to satisfy themselves as to the Lots in which they may be interested. In circumstances where the Seller is an Online Consumer, the right to cancel the purchase of a Lot does not apply however the Buyer may have the right (under the EU Consumer Rights Directive) to cancel certain services provided by Sotheby’s in connection with the purchase of the Lot (in accordance with the procedure set out at Condition 12 of these Conditions of Business for Buyers (Online Only)). Sotheby's Jewelry Department presents its upcoming fine and antique jewelry auctions, online jewelry auctions, auction results, online catalogues, and specialists insights. The price it realizes will be widely analyzed as an indicator of consumer spending and confidence in both the luxury and the jewelry market. In cases where two equivalent maximum bids are submitted, the first bid received will take priority. i.           reject, revoke or refuse to accept any bid submitted for a Lot using the Online Only Platform even those bids which have previously been accepted; ii. •We reserve the right to seek identification of the source of funds received. In the case of (ii),    Sotheby’s owns the Lot in whole or in part and/or may have a legal, beneficial or financial interest in the Lot as a secured creditor or otherwise. The registration process requires you to enter your debit card or credit card information, your address and to confirm that you have read and accept our Conditions of Business for Buyers (Online Only), the Authenticity Guarantee and this Guide to Buying in an Online Only Auction. Ahead of the sale, the auction house highlighted one special … (c)  The Bidder and/or Buyer hereby undertakes and warrants that none of the funds used for purchase and settlement will be funded by any Sanctioned Person(s), nor will any party involved in the transaction including financial institutions, freight forwarders or other forwarding agents or any other party be a Sanctioned Person(s) nor owned (or partly owned) or controlled by a Sanctioned Person(s), unless such activity is authorized in writing by the government authority having jurisdiction over the transaction or in applicable law or regulation. Works sold in Hong Kong across the series of five Modern and Contemporary Art auctions achieved HK$1.73 billion / US$224.7 million, the highest sale total for any auction house in Asia this year, cementing Christie's Hong Kong as a global platform for 20th and 21st Century Art. As indicated in the Conditions of Business for Buyers (Online Only), the Online Sale Information for each Lot includes pre-sale estimates which are provided by Sotheby's as a guide for prospective Bidders to assist them with determining the appropriate amount to bid for a Lot. These Conditions of Business for Buyers (Online Only) set out the terms upon which Sotheby’s and the Seller offer the Lots for sale to Bidders. •Bank transfers: our bank account details are shown on our invoices. Once the relevant Online Only Auction has opened, the Online Sale Information regarding each Lot for sale in the Online Only Auction is available for you to review. Please be advised that straps made of material derived from endangered or otherwise protected species (i.e. Please note that we do not guarantee the authenticity of any individual component parts, such as wheels, hands, crowns, crystals, screws, bracelets and leather bands, since subsequent repairs and restoration work may have resulted in the replacement of original parts. View all upcoming Sotheby's auctions and private sales of Contemporary, Modern & Impressionist, Old Master Paintings, Jewelry, Watches, Wine, Decorative Arts, Asian Arts & more. Sotheby’s uses pre-determined bidding increments. 8. If any Lot is not subject to a Reserve, the ‘No Reserve’ symbol will be displayed against the Lot in the Online Sale Information. Sotheby’s Hong Kong will host its autumn Magnificent Jewels and Jadeite auction next week, and the offering includes a contemporary fine jewelry collection from Chinese jeweler Anna Hu.. Sotheby's Hong Kong will auction the massive stone—without reserve—in October. Terms and conditions regarding payment of the invoice are set out below. Upon the closing of each Lot, you will receive another email and push notification indicating whether you have won or lost each Lot on which you have placed a bid. Sotheby’s Asia also sold the top three highest-value lots in Hong Kong auctions through 2020. (c) The Online Sale Information provided to Bidders in respect of a Lot, and any other estimate, whether written or oral, or other report, commentary or valuation, is not a representation of fact but rather is a statement of opinion genuinely held by Sotheby’s. Please contact our Post Sale Services Department if you have any questions concerning clearance. (c) The Online Sale Information will also identify if the Seller is an Online Consumer (and therefore, by inference, not an Online Trader) for the purposes of the EU Consumer Rights Directive. For further guidance on export/import restrictions, please refer to the Guide to Buying in an Online Only Auction set out above. Please refer to Condition 10 of these Conditions of Business for Buyers (Online Only) for further information. △ Property in which Sotheby’s has an Ownership Interest. Sotheby's is not responsible for errors and omissions in any Online Sale Information which relates to an Experience, including any Experience Listing, or any supplemental material. For example, such information may be excluded to accommodate a seller's request for confidentiality or because the identity of prior owners is unknown given the age of the work of art. Additional Provisions which apply where a Lot is an Experience. Lots will close at the time stated at Lot level on the Online Only Platform unless a bid is placed within 1 minute of a Lot's scheduled end time. US Economic Sanctions: The United States maintains economic and trade sanctions against targeted foreign countries, groups and organisations. REGISTER A VERIFIED ACCOUNT WITH SOTHEBY'S. It is an allocation of the overhead costs relating to our facilities, property handling and other administrative expenses. Sotheby’s will make any reimbursement due to you without undue delay and in any event, not later than fourteen (14) days after the date on which we are informed about your decision to cancel the services. In the event of any discrepancy between the any email notifications received by you from the Online Only Platform and the invoice emailed to you by Sotheby’s after the relevant Online Only Auction closes, the invoice prevails. In our opinion a work by an as yet unidentified but distinct hand, closely associated with the named artist but not necessarily his pupil. If the interested party is the successful bidder, they will be required to pay the full Buyer’s Premium and Overhead Premium. Lots with this symbol indicate that a party has provided Sotheby’s with an irrevocable bid on the lot that will be executed during the sale at a value that ensures that the lot will sell. 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… An end time is displayed for each Lot at Lot level on the Online Only Platform. If you are using the Sotheby’s mobile application then the ‘Quick Bid’ option can also be used to submit a bid by either (i) swiping the ‘Quick Bid’ button all the way to the right of the screen; or (ii) pressing the ‘Quick Bid’ Button and then pressing the ‘Place Bid’ Button.

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