Saffronart’s online auction generates Rs.2.14 crore

Mumbai, April 22 (IANS) Saffronart’s auction of jewels and watches generated Rs 2.14 crore, a statment said Friday.

A women’s gold and diamond wristwatch by Patek Philippe led the sale at Rs.28.4 lakh, against a pre-sale estimate of Rs.28-38 lakh.

Highly-coveted watch brands including Audemars Piguet, LeCoultre, Piaget, Franck Muller, and Bvlgari performed well by fetching Rs.53.3 lakh.

“We observed competitive bidding for lots featuring coloured gemstones, which showed us that buyers were serious about acquiring quality gems,” a spokesperson for the auction house said.

“Design was another key element: pieces with classic flair and easy-to-wear designs performed really well. The watches, lapel pins and minaudi√®re also saw multiple bids come in, indicating that collectibles and signed pieces always attract interest,” the spokesperson added.

–IANS

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