Seized Jewellery Haul up for $1 at Auction

What is estimated to be millions of dollars’ worth of high-end luxury jewellery featuring over 1300 pieces have been seized and will now be auctioned completely unreserved in a week-long auction event with all bids starting from just $1.

Featuring high-end watches, earrings, rings, necklaces, pendants, bracelets and more all from luxury brands, we have already received thousands of bids Australia wide.

“Although we can’t disclose where the items have been seized from, we can say that there are some big brand pieces and this is an opportunity for people to grab themselves a bargain on some high-end items as they are all completely unreserved,” said Mr. Lee Hames, Chief Operations Officer for Lloyds Auctions.

Some of the brands include Rolex, Tiffany and Co, Channel, Bvlgari and many more popular brands.

“Due to increased demand and steady increase in value, we have seen auction prices of all high-end jewellery including brands such as sky-rocket in value over recent years,” continued Mr. Hames.

“One of the most iconic and recognisable wristwatches of all time, a stainless Rolex Daytona, sold back in our February auction for over $50,000, with the original retail price for this watch being just over $13,000, showcasing the increase in demand for many high-end watches,” said Mr. Hames.

Knight Frank reported in their 2021 Wealth report that watches were the 3rd most popular passion investments and over the last 10 years the average investment has grown by 89%.

There are over 1300 items going under the hammer in the 5-day event.

You can view the auctions here or visit www.lloydsauctions.com.au for more information.

The first auction closes Saturday 21st May from 7:00pm. You can view video footage of some of the pieces here.

The Knight Frank Wealth report can be found here

Scott Webber

Head Of Valuations

Accredited Senior Appraiser

Licensed Auctioneer

Qualifications & Affiliations

American Society of Appraisers (ASA)

Profile

Scott Webber is one of the founding partners at Lloyds and has worked for the company from its inception in 2004. In that time Scott has been a Licensed Auctioneer and Qualified ASA Valuer. Prior to Lloyds, Scott was a Farm Manager at Cubbie Station in Queensland, he has an earthmoving and agricultural background.

Scott is heavily involved in daily valuations. He acts for a wide range of clients and vendors including Insurance companies, Financiers, Insolvency Practitioners, Government branches, Joint Ventures and Alliances, large companies, and private individuals. Scott personally co-signs and oversees every valuation report completed by Lloyds. On average the Lloyds valuations department conducts over 500 appraisals per financial year.

Scott has managed many auctions and private sales, previously completing an approximate average of 400-800 traditional auction lots per week. Given that the Lloyds system is now online, traditional auctions are very minimal and are completed in a simulcast method, to comply with contracts we have with major government departments. Although Scott’s focus is currently Valuations, he still oversees and runs auctions weekly on a wide variety of assets from motor vehicles to very specialised process lines.

Scott offers a wealth of experience as an Auctioneer and Valuer in all aspects of Valuations and Asset Disposals.

Having headed disposal programs for Major Infrastructure Alliances, Joint Venture partnerships and Government projects throughout Australia, Scott has a wide range of experience in the Civil Construction, Earthmoving, Manufacturing and Agricultural sectors offering a “turn key” service from start to finish.

Mobile: 0439 765 669