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Sydney, May 19: What is estimated to be millions of dollars worth of high-end luxury jewellery featuring over 1300 pieces have been seized and will now be auctioned completely unreserved in a week-long auction event with all bids starting from just $1.
The auction will feature high-end watches, earrings, rings, necklaces, pendants, bracelets and more and has already received thousands of bids Australia wide to date.
“Although we can’t disclose where the items have been seized from, we can say that there are some big brand pieces and this is an opportunity for people to grab themselves a bargain on some high-end items as they are all completely unreserved,” Lloyds Auctions Chief Operations Officer Lee Hames said.
Some of the brands include Rolex, Tiffany and Co, Channel, Bvlgari and many more popular brands.
“Due to increased demand and steady increase in value, we have seen auction prices of all high-end jewellery including brands such as sky-rocket in value over recent years,” Hames said.
“One of the most iconic and recognisable wristwatches of all time, a stainless Rolex Daytona, sold back in our February auction for over $50,000, with the original retail price for this watch being just over $13,000, showcasing the increase in demand for many high-end watches,” he added.
There are over 1300 items going under the hammer in the five-day event.
The first auction closes on May 21 from 7:00 pm and one can view the auctions here or visit www.lloydsauctions.com.au for more information.
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