Art Investment

The Russian auction house held the first auction home furnishings

Sold Lot 153 of 170

March 14 in the Moscow office of EDA was the auction of furnishings. Sale was held on behalf of the JSC "Savings Bank of Russia».

total for the auction was billed a total of 170 lots starting price of 1.99 million rubles.

As a result, sold 153 lots for a total of 3.145 million rubles.

Most lots - Watch Company K. Mozer Ltd. (Floor, table and fireplace), in addition, lots of ship models were presented, made with the highest level of detail, and a small selection of interior products made of glass (vases, pitchers, decanters, sculpture).

unusual trading was extremely low prices, starting at a relatively high market value of the exhibited items. items, book value is below 100 thousand, were put up for 5000 rubles, and over 100 thousand - 15 thousand rubles. stores in Moscow and St. Petersburg like interior decoration is estimated at 150-350 thousand rubles.

items sold on the classic English auction with a mixed form of submission. struggle was directly in the hall, and over the phone, as well as specialized web site RAD in real time ( www.lot-online.ru ).

« We are very pleased with the outcome of the auction. This auction was a unique experience not only for our company but also for the Russian auctions in general. To us these auctions, no one has yet conducted. feature of trading was the total number of lots sold during one trading session - 153 lots, with sales ratio reached 90 percent, while the coefficient excess - 1.6 times.

As we expected, the greatest interest was aroused by the clock. That it was recorded the excess of the maximum starting price - nearly 10 times. Model watch "Empire" had gone of 160,000 rubles in the initial estimate of 15 thousand rubles.

We expect that the success of this auction will be key to further cooperation with Sberbank of Russia in the sale of noncore assets, "- said General Director of JSC" Russian auction house, "Andrey Stepanenko.

Source : Press Release Russian auction house


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