A gold jewelry from Adamas Holding was sold at an auction with 50% excess of the starting price

On 9 February the Auction House of the Russian Federation (AHRF) held the auction as a part of a bankruptcy procedure of LLC Adamas Jeweler, belonging to jewelry Adamas Holding.
For sale as a single lot were offered 329 pieces of jewelry (gold bracelets, chains, earrings) with a total weight of 683.6 g.

10 bidders took part in the auction.
During the auction the participants made 12 auction steps for the starting price ascending. As a result the price of sale grew by one and a half times.
The auction Winner – LLC Orpheus – offered for the Lot 1.1 million rubles (the starting price was 0.7 million rubles).
The biddings took place at the Electronic Trading Platform – ETP AHRF.

“For the first time we held the biddings for the sale of jewelry as part of the bankruptcy procedure. Today’s biddings once again confirmed that the main key to success is the involving of a professional seller, who can organize a proper presale preparation and advertising regardless the type of property sold. Concurrently it does not matter where to hold the auction: in the auction hall or at the electronic platform”, – comments Olga Zheludkova, Head of Department for Work with Troubled and Non-Core Assets of Banks.