Faraone Auction House: 73% sold at auction on Nov. 27th

Asta Faraone Milano

Faraone Auction House of Via Montenapoleone, closes its second and final annual appointment last Nov. 27th scoring a 73 percent sell-through on the 307 lots presented at Milan’s Portrait Hotel. A success that was partly heralded given the high quality of the proposed lots, most of which arrived in the hall with a long series of pre-bid offers from strongly interested bidders.

The morning round devoted to luxury good sold at auction a Hermes Kelly Sellier 32 vintage courchevel leather gold at €7.500 against the €5.000 estimate and followed by a Chanel bag vintage small in satin and leather and a black matelassé fabric mini clutch bag also by Chanel, both awarded for €1.800 against the €700 and €600 starting amounts.

hermes kelly bag auction

The afternoon rounds devoted to jewelry and watches saw the most exciting adjudications: a white gold ring with cushion sapphire weighing about 4.35 ct surrounded by diamonds, with a starting price of €2.000, arrived, after a series of raises by the audience in the hall and connected via MyFaraone App, at €18.000; the tubogas bracelet by Bulgari from the late 1980s Coins collection in yellow gold with three silver “Gallia Massalia” coins, which started at €3.000 was also auctioned for €18.000.
The triptych of bracelets, which can be joined into a single necklace, made of platinum and set with round diamonds totaling about 8.40 ct, from an initial value of only €4.000 saw the web bidding reach and close at €11.000.

Pharaoh Auction House Bulgari bracelet

The collection of rings signed by U.S. jeweler David Webb also saw adjudications with very significant values compared to the starting values. Like the circa 1970s ring in white gold and platinum with rock crystal, black enamel, and round diamonds with a starting value of €3.000, which fetched €7.000. Same values, both starting and adjudication, for the circa 1970s ring in yellow and white gold with black enamel and round diamonds totaling about 2.30 ct, and again a Webb ring from the same period, in yellow gold and platinum with black enamel and round diamonds totaling about 2.90 ct, starting at €3.000 was adjudicated for the value of €8.000.

auction ring David Webb

Among the watches the 1986 Rolex Daytona Cosmograph 6263, in perfect condition and with one owner, with additional original model 6265 steel bezel and accompanied by box and warranty, starting at a value of €60.000 closed at €70.000.

Rolex Daytona auction

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