I though I would have a shot at predicting MUS's October auction results. All pure speculation of course, based on GEM's auction results for the past couple of years and some assumptions on the likely quality of MUS's offering (mostly higher and medium with some commercial quality to make up the total carats offered).
Just a bit of fun - don't be too harsh with your feedback.
IMO figures are very achievable.
Column 1
Column 2
0
AUCTION RESULTS
OCTOBER '17 AUCTION
1
Dates
16-20 October 2017
2
Location
Singapore
3
Type
Rough Ruby (Higher, Medium and Commercial Quality)
4
Carats offered
215,000
5
Carats Sold
195,000
6
No. of lots offered
88
7
No. of lots sold
80
8
Percentage of lots sold
91%
9
Percentage of lots sold by weight
90%
10
Percentage of lots sold by market value
93%
11
Total sales realised at auction
USD 37.05 million
12
Average per carat sales value
USD 190.00/carat
Cheers
MUS Price at posting:
4.3¢ Sentiment: Buy Disclosure: Held
