Request an estimate 


Do you wonder how much your jewels might be worth and how to sell it? Try to contact us for an estimate, it might be out of your expectation! Simply follow few steps below and register as seller now.
   
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Why consign with us ? 


In 2019, Elite Expo Sdn Bhd organize the 16th Malaysia International Jewellery Fair (MIJF) and the first ever Malaysia jewellery auction in Kuala Lumpur, Malaysia. In order to make the auction process as easy and convenient as possible, our team collaborate with specialists to guide you through the entire appraisal and auction procedure.
   
 

1.Conditions for consignor/ 


    Definition in these conditions
  • Auctioneer means the appropriate auctioneer which is authorized by Elite Expo Sdn Bhd;
  • Buyer means the successful bidding buyer of a Lot;
  • Deliberate forgery means an imitation made with the intention of deceiving as to authorship, origin, date, age, period, culture or source but which is unequivocally described in the catalogue as being the work of a particular creator and which at the date of the sale had a value materially less than it would have had if it had been in accordance with the description;
  • Hammer Price means the price at which a Lot is sold to Buyer;
  • Terms of consignment means the stipulated terms and rates of commission on which YA accepts instructions from consignors or their agents;
  • Catalogue means the Catalogue prepared by Masterpiece which describes and illustrates all Lots for sale by Masterpiece;
  • Conditions means these terms and conditions;
  • Lot means each piece of property as described in the Catalogue for which bids are invited for purchase;
  • Masterpiece,our, we, us means Elite Expo Sdn Bhd;
  • Reserve Price means in respect of a Lot, the minimum price which the Seller is prepared to accept from a buyer;
  • Seller means in respect of a particular Lot, the seller of that Lot and his personal representatives;
  • MYR means the lawful currency of Malaysia.
  • Total amount due means the hammer price in respect of the lot sold together with any premium and any additional charges payable by a defaulting buyer under these Conditions;
  • Sale proceeds means the net amount due to the consignor, being the hammer price of the lot sold less commission at the stated rate and any other amounts due to us by the consignor in whatever capacity and however arising;
   

    2. Withdrawal
  • The organizer, Elite Expo Sdn Bhd reserves the right to withdraw any lot at any time prior to the commencement of bidding for such lot and shall have no liability whatsoever for such withdrawal.
   

    3.Estimates of valuation
  • 3.1 The organizer will contact consignor to arrange an appointment to gather further details. Consignor may also make an appointment to bring your property/collection to the LAB nearest you.
  • 3.2 Each lot in the catalogue is given a low and high estimate representing that range which, in the opinion of Global Lab and FGJAM, represents a fair and probable auction value of the jewels.
  • 3.3 When possible, the estimate is based on previous auction records of comparable property, condition, rarity, quality and provenances. The estimates are often determined several months before a sale and are therefore subject to change upon further research of the property, or to reflect market conditions or currency fluctuations.
  • 3.4 Estimates are subject to revision. Actual prices realized for items can fall below or above this range. An estimate of the selling price should not be relied on as a statement that this is the price at which the item will sell or its value for any other purpose.
  • 3.5 Estimates do not include the bidder’s premium. Where “Request an Estimate” appears, please register for an estimation value of your collections before consign.
   
 

    4. Bidding result
  • A preliminary settlement statement itemizing the hammer prices, consignor’s premium and extra charges is mailed to the consignor after the auction. For real time auction results, you may view hammer prices or track your consigned property at our website. You may also call us at 03-58911157 for prices realized.
   
 

    5. Seller premium
  • The consignor shall pay the bidding/hammer price together with a premium thereon of 14% and 1% for Admission fee (based on reserved price/ RM200 whichever comes higher)
   
 

    6. Payment
  • Payment to consignors is mailed one month after the date of the auction, together with a final settlement statement.
   
 

    7. Collection of Goods
  • If your collection fails to meet the minimum bid at auction, some charges may still be incurred. These include insurance, photography and the Internet fee. If the consignor has designated a reserve price, a buy-in fee will also be charged. You will be contacted by our Consignment Department regarding the next step, which could include making arrangements to pick up the property or reconsigning it to a future auction with a reduced estimate.
   
 


 
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