During the on-site auction bidding, each jade piece will appear according to its number, and everyone can step forward to take a closer look (especially at the jades hidden on the table). After that, bids are made, and the highest bidder wins.
Once the bidding ends, the buyer with the highest bid will jointly own the jade with the seller who successfully won the bid, transferring it to an overseas auction house for a second auction.
Some might ask, why is this auction split into two rounds?
To put it simply, the domestic market in Z country hasn't integrated with the international market yet.
The first round of the auction serves as an introduction or a template for the domestic auction market.
However, because the domestic market is not yet prosperous enough, the presence of an international auction house as a backup encourages domestic sellers to bid in the first round.
