An auction held in Boynton Beach, Florida, was full of surprises for members of the auction house and bidders, both online and in-house. Jade items appeared to be extremely popular, with one piece being sold for $40,120 (£26,087). Its original estimated value was $300 to $500 (£195 – £325). The jade sculpture had been hand carved and depicts a chariot, horses and riders.
Scott Ciekiewicz from Elite Decorative Arts auction house spoke of his shock at the soaring value of jade. The white-green sculpture was exceptional with a clear tone throughout the piece, and it was the highest value item in the sale. During the auction around 30 people were phone bidders and around 100 people attended in person. Online bidders pay slightly more buyer’s premium than those who win a bid in person or by phone. Items purchased at antiques dealers, such as antique marquetry furniture , cost less than at auction due to the premium.
Other jade items sold for much higher prices at the auction, including a green jade vase that sold for $37,760 (£24,532). A figure of a stag alongside a child realised $6,490 (£4,216), while another green jade vase sold for £9,440 (£6,133).
The Elite Decorative Arts auction house is now busy preparing for another auction in August.
Although auctions are popular with collectors, buyers can discover a better deal from an antiques dealer as a buyer’s premium isn’t charged. Visiting antiques dealers is a popular way for avid collectors to spend their time, browsing in comfortable surroundings at a leisurely pace.
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