Saffronart, the leading online auction house, is giving collectors yet another chance to possess fine jewels as art collectibles. It will host its second fine jewels and objets d’art online auction on 7-8 October. The total estimated value of the auction is Rs14.2-17 crore.
This is an auction to watch out for not just because Saffronart’s last auction held in September fetched Rs17.6 crore, or because their newly launched mobile bidding application broke world records by fetching Rs3.4 crore, but also because several rare pieces are going under the hammer.
Saffronart holds its jewellery auctions twice a year—in spring and autumn. Minal Vazirani, co-founder and president, Saffronart says that the spring auction in May is targeted at first time bidders with a low price point, while the one in October is for seasoned collectors with a comparatively higher price point.
Every auction has a theme (it was diamonds at the spring auction). In keeping with the festive season, jadau dominates this collection. Besides jewellery, art objects and sculptures are also a part of the lots.
According to Vazirani, the auction mechanism helps in changing buyers’ perception about jewels. “Owning a piece of history and heritage always engages you at a personal level. And the act of possession of such objects is a collector’s trait and we are here to help them and create more collectors,” Vazirani says.
What’s on offer:
Jewellery auctions are not a very common practice in India, as most of the time jewellery goes back to the family jeweller for remodelling and redesigning to suit contemporary trends. But this collection has something for every generation: jadau, art décor, art nouveau and Victorian-inspired handpicked pieces in 207 lots.
A bright red minaudiere, for instance, is a masterpiece of sorts with diamond-studded, kite-shaped motifs. It is estimated at Rs2.1-2.4 lakh.
A jadau diamond and enamel pendant crafted the technique of meenakari, is another stunning piece. The rear of the pendant has polki diamonds, which are difficult to set in meena (enamel) as it can crack open while placing the polki.
Vazirani’s personal favourite is the three-string pearl necklace made of basra pearls. It is also the most expensive item on the list (estimated at Rs80–95 lakh). Limited edition watches by Jaquet Droz, Audemars Piguet and Cartier, and enamelled cufflinks are also part of the collection.
How to bid
You can register yourself on www.saffronart.com for online bidding or fill offline-bidding forms. Another way of bidding for people on the go is the mobile bidding application. Download the mobile bidding application from the website for your computer or handset. It is compatible with all the smart phones and Blackberry.
The auction will take place on 7-8 October.