Auctions are incredibly entertaining events for the rich class of every country around the world. With their popularity since earliest times, they manage to execute extremely profitable deals. In this article, we have tried to understand what top 3 auction houses in the world offer today, including companies both from west and east:
Sotheby’s Hong Kong Auction
RM Sotheby’s is one of the leaders of the auctioning industry today, and it has its place in our list of top 3 auction houses in the world.
Hong Kong auction of Sotheby’s has been amazing with its collections of rare beverage bottles on auction. The biggest of the collection has many exciting drinks, that are both exclusively rare and high in the price too. It was the beginning of May 2020, when the “Distilled: Whiskey, Mountain and More” put on display many interesting spirits at an auction for sale. The bottles were from the Japanese Karuizawa Distillery.
The Distillery is situated in Nagano. The surprising thing was the last price, fixed at HK$471,000. When we convert the price into the American dollars, it as an astonishing 61,000 US dollars. An old whiskey of 52 years of age Single Malt has the name of Streams of the Time – an extremely rare spirit. From the distillery back in 1965, the single malt has been only appearing in 150 bottles in the market.
The upcoming biddings also presented another set of beverages by Karuizawa. For a 30 bottle collection the price was the same as in the previous set by the distillery. Are the collections didn’t finish with 2 sets only. The limited edition Aqua of Life, became the next impressive set of half a century age. The collection included 248 bottles, made from 1968 to 2018. The auction price for the Aqua of Life was $5,000 cheaper than the previous sets of bottles. But in an earlier auction, the Karuizawa bottle package set an amazing price 447000 USD.
For a comparison we have taken 50 year old another unique Spirit from Japan, with the name Yamazaki. The latter is valued at $343,000, which is not still a humble sum. Even though the era of the pandemic has slowed down many industries, the investments in the spirit drinks seem to be still profitable for many sustainable collectors, and the auctions throughout 2020 have shown that stock market up and downs have not prevented people to evaluate the potential income, that can be gained with the old fashioned and tasty whiskeys.
Christie’s Online Auction
Christie’s online auction in our top 3 auction houses in the world pick is another highly appreciated event held for the wealthy class. Throughout the years it has circulated lots of valuable, rare are extremely beautiful pieces of art, manufacturing and construction. This year the auction amazes with it expensive jewellery biddings, which might be stating new heights in the online auction sphere. one of the precious stones put on display at Christie’s, is a 28.86 carat diamond of the D color. Experts might guess this expensive collectible might be in the range of 1-2 million dollars.
The other famous auction house RM Sotheby’s had previously sold Tutti Frutti bracelet with the total price higher than 1.3 million US dollars. This made the bracelet the highest priced online auction bid ever. The director of Christie’s states that this is a promising start for something completely new and exciting. Their aim is to add many higher-value pieces in the upcoming future for the Christie’s events. Client confidence is highly prioritized at Christie’s, that’s why they want to transfer the customer trust into an online dimension too.
For that matter, they have enabled the curious crowd to have a look into private its salesroom, where they can gather information about upcoming events and the current bids.
As many can guess, online auctions can be equally profitable, while because of the pandemic all of the live auctions around the world have been shut down. Additionally the online auction will not display the real media of the precious stone, but a modelled equivalent of it via computer design. The statistics of the current year show, that more and more people are interested in online auctions now than ever.
The first five months are very profitable for the auction house since they have turned into the digital auctioning. The number of people having a look at Christie’s events online has grown, and now more than 150 countries have access to online bidding. Pre-sale prices have been multiplying twice, since the start of January 2020.
For some people, online auctions are equally enjoyable as the live ones, but those who are more sociable and like heated rooms full of bidders, they will assure that the non-virtual bidding brings a lot more emotions that make them satisfied.
Online bidders might be more generous, as for example, last year a bidder claimed a 1.67 million dollar jewelry at Christie’s, while there were plenty of buyers in the live auction. Actually the house’s online reputation was firstly revealed back in the year 2011. At that time, people could bid online for up to 950 pieces. As a result, there was an outcome of 9.5 million US dollars.
China Guardian Auction House
China Guardian has been one of the best auction houses from the East since its start. The 3rd in the list of top 3 auction houses in the world has lots of departments that offer various expensive things on sale. The most lively business branch of the House is Paintings and Calligraphy Department, that enables a proper weight for the company to be the leader in the sphere. Another department emerged in 2005 within the same field. It was the Contemporary department that brought lots of artworks into the company.
In recent years there has been a move to the Beijing for the Paintings and Calligraphy Department. The artworks presented in the auction included “Collection of Qi Baishi’s Paintings”,”Fu Baoshi’s Paintings” and much more.
China Guardian auction house’s collaboration with the National Museum Library throughout the decades has been exciting, as there have been lots of unique manuscripts and books put on auction in the China Guardian. Qian Jingtan’s Collection of Letters and Correspondences is one of the rare items put on sale in there.
The collections also include Zhu Zi’s Spring Rain and Weng’s rare books. Recently in the spring 2020, China Guardian has announced about the association with Christie’s, and is happy to inform auction fans, that there will be enough surprising projects in the future.