Bidz.com Announces Gianni Versace Tiara Valued at an Estimated $3 Million for Public Auction on Bidz.com Site
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Public auction commences on Monday, March 23rd, 2009 at 9:00 a.m. PDT
CULVER CITY, Calif., Mar 04, 2009 (BUSINESS WIRE) -- Bidz.com, a leading online jewelry auction site, is proud to announce
that they have recently acquired the famous Gianni Versace Tiara ("The
Tiara") and will be presenting it for public auction. Born from Gianni
Versace's famous atelier collection, The Tiara is worth more than an
estimated $3 million. Bidz.com will commence the public auction on
Monday, March 23rd at 9:00 a.m. PDT with an opening bid of
$699,000 US Dollars.
The world renowned Versace Tiara contains over 1,200 diamonds, all of
which are GIA or EGL certified. The Tiara has previously been held only
by private collectors - until now. This is the first time in the history
of the piece that it is being made available to the public for purchase.
The Versace Tiara won the famous De Beers Diamonds International Award,
a major recognition in jewelry circles, in 1995 due to the meticulous
detail and craftsmanship Gianni Versace put into creating the piece. The
Tiara's prestige, awareness and reputation as the ultimate luxury
acquisition have continued to grow over the years. Worn and coveted by
many celebrities and high profile personalities such as Madonna, Amber
Valetta and Donatella Versace, The Tiara is widely recognized in both
art and celebrity circles as an astounding work of craftsmanship and
beauty.
Leon Kuperman, President of Bidz.com Inc., commented, "Many investors
move towards trusted and time tested commodities, such as gold and
diamonds in uncertain times. The Tiara, with its unique brand cache, and
intrinsic value has widespread appeal to the most discriminating jewelry
buyers around the world."
Mr. Kuperman continued, "Bidz has always been known for great value and
quality jewelry, which is offered at prices significantly below other
jewelry retailers. It offers users a fun and easy way to make an auction
purchase from a vast selection of merchandise, combined with constant
newness: and excellent customer service. The Tiara is a marquis piece
and another example of how we can still deliver great value, even at the
very high end of the jewelry market."
"In conjunction with the Tiara auction, Bidz.com is partnering with Aid
for AIDS, a non-profit premier service provider for Los Angeles County
whose mission is to provide direct financial assistance and critical
support for the necessities of life to those impoverished and disabled
by HIV/AIDS. Bidz will be donating a substantial amount of the funds
raised from the online auction to Aid for AIDS. Also contributing to
this partnership is the internationally acclaimed and iconic Carol
Channing (who made famous the song "Diamonds Are a Girl's Best Friend"
in her role as Lorelei in the Broadway hit "Gentlemen Prefer Blondes").
Having graciously agreed to contribute her support and celebrity to the
fundraising efforts, Ms. Channing will be making media appearances
nationally on behalf of Aid for AIDS to help promote the Bidz.com
Versace Tiara Auction. Ms. Channing's illustrious and varied career
spans movies, Broadway, TV, countless albums, authoring a book and her
career continues to expand to date. With no signs of slowing down, she
is currently touring with her one woman show "The First 80 Years Are the
Hardest" and proudly anticipating the upcoming release of her new gospel
CD entitled "For Heaven's Sake" this September. Bidz.com is proud to
have a powerhouse talent like Carol Channing speaking out in support of
this important charity and auction."
Auction pre-qualification information, investor details and Tiara
diamond certificates can be found at www.versacetiara.com
or visit the Bidz website at www.bidz.com
for more information.
About Bidz.com Bidz.com, founded in 1998, is an online retailer of jewelry. Bidz offers
its products through at live auction format as well as a fixed price
online retail store, Buyz.com. Bidz.com's auctions are also available in
Spanish and Arabic. To learn more about Bidz.com visit its website at www.bidz.com.
Safe Harbor Statement This press release includes statements made by Bidz that are
forward-looking statements within the meaning of Section 21E of the
Securities Exchange Act of 1934, as amended, including forward-looking
statements about the Company's estimated revenue, gross margins,
earnings and tax rates. All statements other than statements of
historical facts contained in this press release, including statements
regarding the Company's future financial position, business strategy and
plans and objectives of management for future operations, are forward
looking statements. The words "believe," "may," "will," "estimate,"
"continue," "anticipate," "intend," "expect," and similar expressions,
as they relate to the Company, are intended to identify forward looking
statements. Bidz based these forward-looking statements largely on
current expectations and projections about future events and financial
trends that Bidz believes may affect its financial condition, results of
operations, business strategy and financial needs. Risks and
uncertainties relating to these statements include the ability of the
Company to attract customers to its website and offer attractive
products; to maintain its website, electronic data processing systems,
and systems hardware; to forecast accurately net revenue and plan for
expenses; to protect intellectual property rights; and potential
litigation and government enforcement actions that may result from our
prior securities offerings. All forward-looking statements are qualified
in their entirety by reference to the factors described in Part I, Item
1A, "Risk Factors" in Bidz' 2006 Annual Report on Form 10-K, and in Part
II, Item 1A, "Risk Factors" in Bidz' Quarterly Report on Form 10-Q for
the quarter ended September 30, 2007, that could cause the actual
results of Bidz to differ materially from those projected in such
forward-looking statements.
All subsequent forward-looking statements, whether written or oral and
whether made by or on behalf of Bidz, also are expressly qualified by
these cautionary statements. Any forward-looking statement speaks only
as of the date on which such statement is made, and Bidz undertakes no
obligation to update any forward-looking statement to reflect events or
circumstances after the date on which such statement is made or to
reflect the occurrence of unanticipated events. New factors emerge from
time to time and it is not possible for Bidz to predict all such
factors, nor can it assess the impact of each such factor or the extent
to which any factor, or combination of factors, may cause results to
differ materially from those contained in any forward-looking statement.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=5909224&lang=en
SOURCE: Bidz.com
Allied Impact
Tania Koster, 323-857-7633
tkoster@alliedadvpub.com
Copyright Business Wire 2009
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