Nicrez
Ideal_Rock
- Joined
- Jan 21, 2004
- Messages
- 3,230
I am shocked and amazed at the prices that are coming out of auctions right now. Closely following the items at Sotheby''s auction at the moment and it''s just frightening. Lot 293 just went for $1,350,000. And it was estimated at $400,000-500,000. $7,000 rings are going for $35,000. It''s impressive and frightening how strong the estate market happens to be this year.
Fad or trend, not sure, but I just wanted to tell people that if they have important pieces, maybe this is the market to sell your jewelry and hold onto your homes which would yield pennies on the dollar if you bought them recently!
As the dollar goes down, any economics fans know what makes estate and luxury goods rise?
This auction has been just something spectacular....
Fad or trend, not sure, but I just wanted to tell people that if they have important pieces, maybe this is the market to sell your jewelry and hold onto your homes which would yield pennies on the dollar if you bought them recently!
This auction has been just something spectacular....
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