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Wednesday, 11 May 2022

Auction houses main protagonists of the retail evolution

 Auction houses main protagonists of the retail evolution

Jewellery, gold and precious stones continue to be considered the refuge goods par excellence, but the luxury goods are no less. Two sessions of the Milanese auction house seeing the return of lots of great quality and value that had characterized the pre-pandemic auctions.

The moment of strong geopolitical instability has only confirmed their role as protagonists in the panorama of refuge goods of jewels, precious stones and gold, which despite their volatility, continue to rise incessantly, especially in the last four years including the pandemic period. From one side, the trend towards investment and the growth in value of diamonds, untouched by inflation and highly sought-after, was unstoppable. 

On the other hand, the desire of consumers, especially in regards at luxury goods, to invest in those destined to multiply in value over time, to buy iconic goods at more accessible prices, to find rare pieces and contribute at the same time to the sustainability of the environment by participating in the "circular economy".

Under this growing trend that favors those who have bet so far and continue to bet on these refuge goods, Faraone Casa d'Aste is preparing to auction on May 25th in two distinct sessions respectively 200 jewellery pieces in the morning and 150 luxury goods in the afternoon through the now consolidated "live-streaming" formula.

This auction confirms the return of pieces of great economic and qualitative value from the pre-pandemic period at the basis of exciting battles with bids by the public connected by telephone, the dedicated MYFARAONE App and the inevitable written offers.

Among the 200 lots of jewellery of great value, an Art Decò bracelet in platinum with diamonds for a total weight of about 55 ct stands out along with a necklace from the first half of the 19th century with 195 ct aquamarines and two loose diamonds of 7.46 ct and 5.38 ct respectively, as well as a double thread of natural pearls. A white gold ring with a rectangular Mozambican ruby (no heat) of approx. 5.21 ct, surrounded by fancy yellow navette diamonds of approx. 3.22 ct, a Burma ruby (no heat) of 4.51 ct and a loose Ceylon sapphire of 9.18 ct together with other prestigious pieces by Cartier, Pomellato and Bulgari will close the session dedicated to jewellery.

The afternoon session dedicated to the 150 luxury goods will see, in addition to the inevitable Hermès, Chanel and Louis Vuitton handbags, a series of scarves and the inclusion of tableware and accessories such as wine glasses and china pieces, signed by prestigious Maison.

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