Late bids

In the case of written bids/absentee bids received after midnight on Thursday (Swiss time), lots will be allocated at a price one bid increment above the next highest bid, rather than at the exact bid price contained in the written instructions.


a) If bidder XY has placed a written bid of CHF 265 and the highest other bids are at CHF 260, the next bidding increment will be CHF 280. Bidder XY's bid will thus automatically be raised to CHF 280.


b) Bidder XY has bid CHF 1,620. The highest other bid is at CHF 1,600. Bidder XY's bid will automatically be raised to CHF 1,650.