As is always the case, in recent times of economic uncertainty, the value of commodities has increased. The price of gold has been high since the economic crash of 2008 and continues to be so today. This keeps hammer prices high for those heavier gold items with bidders competing from all over the world for groups of chains, rings and fobs among other items. McTear's evening Jewellery Auction on 14 March features several such lots.
Gold has always been the ultimate form of portable wealth. Early fascination with the material was seen in ancient Egypt where gold was reserved exclusively for royalty and people of important nobility. An external show of wealth, many cultures have coveted the substance and of course continue to do so today.
Lot 672 in the upcoming Jewellery Auction is a group of four gold chains. This lot comprises two watch chains along with two other necklaces and is estimated at £700–£900.
Lot 679 is a mixed lot of gold which includes lockets, chains, rings and other items. This is estimated at £800–£1200.
If you are looking to start with something smaller, lot 677 is a nine-carat gold guard chain with locket estimated at £150–£250.
McTear’s sells more jewellery than any other traditional auction house in the dedicated jewellery auctions that take place twice monthly, run concurrently live online on a platform that attracts six million visitors annually from over 120 countries worldwide.