THE AUCTION PROCESS
The auction process is not as daunting as you may think, especially if you have selected Antiquorum and MC Luxury Auction as your auctioneer. Antiquorum and MC Luxury Auction strive to help you, the client, buy and sell at auction with ease and confidence. To walk you through the process, Antiquorum and MC Luxury Auction has outlined the important steps you should know in order to successfully purchase or consign timepieces and jewelry at auction.
THE AUCTION CATALOGUE
[PRINTED OR ONLINE]
Lot descriptions provide technical data carefully compiled by our experts for each lot in the sale and are often enhanced by historical or bio graphical comments.
• Estimates are listed at the end of each lot description and are an indication of the price range the lot is expected to fetch. Estimates do not include the buyer’s premium or sales tax.
• An estimate indicated by three stars ***, advises clients to contact Antiquorum and MC Luxury Auction for more information.
• Condition Reports are given for each lot in the catalogue based on a grading system developed by Antiquorum’s experts. This grading system is explained at the end of the auction catalogue.
• Buyers are advised to read the Conditions of Sale (at the end of the auction catalogue or online) and Important Notices (at the beginning of the auction catalogue or online) before bidding at auction.
• Auction catalogue can be viewed at www. antiquorum.swiss .
REGISTERING TO BID IN THE TRADITIONAL AUCTION
Each client wishing to bid at auction is required to register at the latest two hours before the sale. Clients may register the morning of the sale, beginning at 9:00 a.m., at the auction venue. Clients will be able to pick up their bidding paddles on the day of the sale, prior to the auction, at the entrance of the saleroom.
BIDDING IN THE SALEROOM
Lots offered for sale are auctioned in numerical order as they appear in the catalogue. The lot being auctioned is announced by the auctioneer, as well as shown live or illustrated on a screen at the front of the saleroom. Bidders are advised to have the auction catalogue to hand during the sale for reference.
If you are unable to bid in person at the auction, you can submit an absentee or written bid. Bid forms are found in every auction catalogue, as well as on Antiquorum’s website at www. antiquorum.swiss, and can be requested at preview exhibitions or from any Antiquorum office (see the list of worldwide offices). Bid forms should be completed and signed, then emailed to to firstname.lastname@example.org. E- mail bids can be submitted, but must be followedup with a signed bid form. Absentee bids will be processed on your behalf at auction by Antiquorum’s staff.
This service is free of charge and Antiquorum’s staff will execute the bids at the lowest possible price, taking into account the reserve and other bids. Antiquorum and MC Luxury Auction cannot be held responsible for errors, omissions or late-arriving bids. In the event that two identical bids are received, the first bid received by Antiquorum will take precedence. It is very important that the bidder lists a daytime telephone number in case any part of the bid form is unclear. It is advisable to send the bid form at latest two hours prior the sale, especially in the case of new buyers, whose bank references will be checked.
Bids submitted in a foreign currency will be converted to € using the exchange rate on the day of the sale.
You may also participate in Antiquorum and MC Luxury Auction auctions by telephone. This service is free of charge and telephone bids will be executed by an Antiquorum staff member in the saleroom.
All telephone bids must be confirmed in writing on a completed bid form. Please provide the telephone number(s) at which you can be reached during the sale. Bid forms should be completed and signed, then emailed to bids@ antiquorum.swiss at latest two hours prior the sale. Antiquorum and MC Luxury Auction cannot be held responsible for errors, omissions or late-arriving telephone bids.