Astaguru’s ‘Fine Jewellery and Silver’ auction which took place on the 25th & 26th of November, 2017 showcased Astaguru’s growth in terms of their diversification and extension of their category portfolio. With a total of 50 lots being included in this edition, which was their first standalone Jewellery & Silver auction the total revenue generated accounted to RS. 4,23,49,902 (US$ 683,064). The highlight of the two day online event was an elegant ‘Two Strand Emerald Necklace’ with an approx. carat weight of 538 that was auctioned for RS. 1, 64, 22,000 (inclusive of buyer’s premium).
The total lots sold ratio was 78% with 39 lots being successfully auctioned while the Silver category had 17 lots and was a white glove sale, with the ‘Silver Nandi’ breaking through the top ten value lot segment as well. The ‘Silver Nandi’ lot was auctioned for RS. 10,03,308 (inclusive of buyer’s premium), with a higher estimate of RS. 4,70,000 the Silver Nandi got sold for an increment of 100% in comparison with its higher estimate value.
“This was our first standalone Fine Jewellery & Silver auction, and we are pleased with the reception it received,” states Tushar Sethi, Director, Astaguru. “We aim to diversify and extend our category portfolio and this has been a great start, going forth we will be hosting one Fine Jewellery & Silver auction on an annual basis.”
Apart from the ease and convenience aspect, the online auction format makes the proceeding edgy, while at the same time enables bidders to make sound decisions considering they have two days to overview and spectate the auction proceedings. The Kala Ghoda based online auction house will be hosting their ‘No Reserve Modern Indian Art’ auction in the month of December, 2017.