Monday, August 16, 2010

Christie's Auctions 28-Designer Handbags

A very wily reader directed our attention to a Christie's home interiors auction, which contains various home furnishings. Buried between hundreds of tapestries and antique vases is lot #318, "A Group of 28 Assorted Leather Handbags.!

The purse collection includes, Chanel, Hermes, Bottega Veneta, Salvatore Ferragamo and various other designer bags. The estimate value is between $1000 and $1500 but we all know that even one Hermes Kelly is worth more than that even if the condition is questionable.

The handbag loot appears to be from a woman's estate and she obviously had amazing taste. The following lot, #812 is from the same estate and consists of 43 Judith Lieber bags. It's a wonder that that this woman's daughters or daughters-in-law didn't pounce on this pile.

The auction, Sale 2335, is scheduled to take place from August 31st to September 1st, in New York. (Just keep in mind that there is a 25% buyer's premium plus tax.) You can be sure we will be watching the gavel closely!


Anonymous said...

WTH is a Buyer premium tax and why is it 25%?!!

Anonymous said...

I'm sure it is a silly question, but can I just big online or do i have to register and be at one of the christine location??

Anonymous said...

A buyer's premium is basically a charge levied by the auction house, which is paid by the buyer in addition to the hammer price (the winning bid at auction). The buyers premium is kept by the auction house and is not passed on to the vendor. This means that you are paying an additional fee to the auction house for purchasing the item through them as a sort of 'middle man'.
Also, Christie's ist he only auction house that allows users to register through Christie's Live (on their website) to bid online for auctions. Just make sure to register ahead of time so that they know what lots you're planning to bid on. They also might want to run a credit check depending on the estimated price so don't wait until the last minute!

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