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Boom time for gold and gems at auction

February 2024

It’s not often an auction house cites current worldwide affairs but amid Inflation, Middle Eastern tensions and the cost-of- living crisis there has been uncertainty in many areas but one sector that continues to strengthen is the price of precious metals. With gold reaching record highs in late 2023 the price is expected to continue to stay strong through 2024.

Auctioneers Greenslade Taylor Hunt, who have relocated their antiques saleroom to Sedgemoor Auction Centre under the new name The Somerset Auction Rooms, have seen a huge demand for gold and silver.

At their most recent sale £1,500 was paid for a cased collection of Victorian and later jewellery and watches. A vintage seed pearl brooch sold for £680 and an 18ct gold ring from the same home sold for £450. 

Three watches attracted great attention with a limited-edition watch produced by Omega to mark Michael Schumacher joining Ferrari in 1996 achieving £1,500, with two Tudor Blacks making £1,300 and £1,200 respectively.

A large consignment of rings from one vendor, who had inherited the collection, sold for £7,000. More items from this vendor will be featured in the next jewellery, silverware and watches sale on Thursday, March 7.

Auctioneer Derek Biss said: “With unprecedented demand now is the time to be looking through your homes, and if there are unused items our team, now based at Sedgemoor, are available to value them for you.”

The auctioneers boast an enviable clear out rate with 96% of lots sold over the two sales at Sedgemoor last week.

Mr Biss continued: “By bringing the saleroom to the unbeatable location of Sedgemoor we are attracting the biggest crowds at sales for a decade and together with the online bidding platform we are reaching a worldwide audience to sell items to their best effect.”

For more information, please contact the salerooms on 01278 410250.


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