Astaguru's Annual Jewellery Auction Generates A Total Revenue of Rs. 7,81,73,475

A five strand Burmese ruby and diamond necklace was the auction’s highest value sale, with 1000-cts the lot was sold for Rs. 1,70,20,000.

Post By : IJ News Service On 22 October 2018 6:25 PM
A five strand Burmese ruby and diamond necklace was the auction’s highest value sale, with 1000-cts the lot was sold for Rs. 1,70,20,000

Astaguru’s annual jewellery auction that was curated and titled as “Heirloom Jewellery & Silver” dated 20th & 21st October, 2018 generated a total revenue of Rs. 7,81,73,475. The auction house presented their buyers with vintage jewllery and silver which exemplified the aura of timelessness. While the silver section achieved a 100 per cent lots sold ratio, the auction averaged at 69 per cent lots sold ratio. 29 per cent of the lots that went under the block were auctioned above their respective higher estimates.

Lot 29 which was a Five strand Burmese Ruby & Diamond necklace was the auction’s highest value sale, with 1000-cts the lot was sold for Rs. 1,70,20,000. The second highest selling lot was a two strand Basra Pearl necklace, the final price was Rs. 1,61,00,000 for lot 21. An old mine Colombian fluted Emerald bead & Diamond necklace was the third most expensive lot and sold for Rs. 97,75,000.

In the silver category, a pair of silver Continental vases was sold at Rs. 20,20,458, the lot’s higher estimate was that of Rs. 13,00,000, this lot was the most expensive lot sold in the silver category. The sale of lot 70 ensured that the auction culminated on a high note, since it was the last lot of the auction. Out of the 19 silver lots presented during the course of the auction, 15 lots were auctioned for amounts which surpassed their respective higher estimates. Next in the pipeline for the Kala Ghoda based auction house will be their debut standalone, Numismatic &Philatelic auction which will take place online on the 30th & 31st of October, 2018.

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