Under The Hammer

The net worth of ultra rich individuals across the globe keeps increasing every year which creates more demand for investing in objets dart. This phenomenon, in turn, increases the role and importance of reputed auction houses.

- Rama Ahuja

Never mind the exponential rise of e-commerce, when it comes to collectables nothing can beat the thrill, suspense and exhilaration of a good auction. From rare items not available in the marketplace and jewellery that once belonged to celebrities, to antiques, vintage and treasures; auction houses are your best bet for a one-of-a-kind shopping spree. Two of the world’s leading auction houses tell us how collectables are evolving with technology, some of the most unusual collectables that they have come across and tips for first-time collectors as well as those looking to sell.

BONHAMS

From tracing its roots back to 1793, when it was founded in London’s Covent Garden to growing into a global full-service auction house, Bonhams has come a long way. While it holds numerous auction world records such as the sale of the most expensive French Rococo painting, the most expensive blue diamond sold at auction, among many others, Bonhams is yet to commence services in India. However, they do have a massive Indian clientele for whom a big draw is the Indian and Islamic Art sales as well as the South Asian Modern Art Sales, that are held in London. Even the Himalayan Art sales in New York and Images of Devotion sales in Hong Kong are a big hit.

Evolution of Collectables