The Golden Autumn of Sothebys

The Golden Autumn of Sothebys

11.09.2018

 

One of the oldest auction houses announced the world's first "golden" auction. Given the growing demand for the precious yellow metal, Sotheby's decided to hold an unusual auction in which all the lots put up for sale are made of gold.

"We are witnessing an increasing client demand for gold products," says Constantine Frangos, Head of Sales at Sotheby's. Gold has always been an indicator of status, moreover, it has great historical significance. We expect that wealthy people shall pay special attention to our auction, especially those who want to invest their money and gain profit. Today, the greatest interest in the precious yellow metal is shown by clients from Asia, Russia and the Middle East."

It is reported that at the auction, which is entitled "The Midas Touch", many interesting and rare lots will be presented: precious artifacts of historical value, antique furniture, as well as golden objects of contemporary art. Such valuable exhibits as the ceremonial armchair of Napoleon I and the 18K-gold sculpture "Siren" in the form of the British supermodel Kate Moss’s head will be up for sale.

In the photo: the armchair of the French Emperor Napoleon I Bonaparte from the Throne Room of the Tuileries Palace in Paris.

An exclusive Sotheby's auction, solely gold-themed, will be held on October 17, 2018 in London. Online sales will be available until October 19. Sotheby's also plans to host several similar auctions outside the UK capital.

 

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People have always respected gold and sought ways to accumulate it. The precious yellow metal is not just a symbol of wealth and material prosperity, but also an effective tool for accumulating personal capital. The value of money decreases, but gold does not depend on economic crises. The demand for gold increases day by day!

 

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