Gold prices are booming at auction with a single charm bracelet surpassing £6,000 at Hansons Auctioneers – and prices are expected to rise even higher.
Hansons is witnessing strong hammer prices for all types of gold in its monthly sales and the trend is showing no signs of abating.
Worldwide gold prices have risen by 8% in the last three months and nearly 34% over the last year. As of April 30, 2023, the price of gold was around US$1,717 per ounce (£1,386.99). Economic analysts predict gold prices will continue to rise significantly due to the aftermath of the global pandemic.
What our expert says
Helen Smith, Head of Jewellery and Associate Director of Hansons Auctioneers, said: “Gold prices are particularly strong right now and clients are reaping the benefits. Selling at auction works well as you open up your items to a global market, helping them achieve their full potential.
“Charm bracelets sell particularly well due to their weight but all types of gold will fly at auction, even broken jewellery. If you have any unwanted gold at home it’s certainly a very good time to liquidate your assets.”
5 top gold lots
The five top-selling gold lots in Hansons’ May 18-23 Antiques and Collectors Auction were:
257 18ct gold charm bracelet with 14k gold carabiner clasp, suspending 26 various 18ct, 22ct and 24ct gold charms, including fish, dragon car, motorbike, turtle, Eiffel Tower, pig, elephant, rat, tiger, harp, flower etc, along with with four loose charms including an 18ct gold doll, 9ct gold suit case, 24ct gold crown and 22ct gold stone set Camel, length approx 19cm, total gross weight 193.4gm | £6,100.00
348 Gent’s vintage Enterna-Matic 3003 18ct gold wristwatch, comprising a cushioned shaped signed grey dial with gilt numeral markers and white baton markers, date aperture at 3, cushioned case approx 33mm, case back numbered 6141376, to an integral woven 18ct gold link strap, logo fold over clasp, length approx 19cm, total gross weight approx 81.2gm | £2,000.00
264 Egyptian gold bracelet, comprising eight panels each with embossed Egyptian themed motifs, including Nefertiti, scarab, Pharaos, Tutankhamun etc, concealed box clasp, width approx 17mm, length approx 180mm, Egyptian gold marks, weight approx 52.8gm | £1,500.00
333 An early 20th century 18ct gold Thomas Russell & Son pocket watch, comprising an open face, signed white enamel dial, numeral markers, subsidiary at 6, (hairlines and chips to dial) case approx 50mm, top wind, total gross weight approx 101.4gms in original retailers case | £1,000.00
255 18ct yellow and white gold fancy graduated link chain, comprising a graduated herringbone style chain, the widest section to the front approx 10mm, with box clasp set with a cabochon sapphire, length approx 45cm, figure of 8 safety clasp, total gross weight approx 50.8gms | £1,450.00
258 9ct gold charm bracelet with various 9ct charms comprising a large open link chain, each link approx 15 x 10mm, with padlock clasp, length approx 18cm, hallmarked 9ct, suspending various 9ct gold charms including £10 note, slipper, boxer dog, world globe, Scottie dog, Poodle and an unmarked yellow metal 31 note charm, total gross weight approx 80.6gms | £1,060.00
Auction entries invited
Entries are invited for Hansons monthly jewellery sales. To book a free gold, jewellery, silver or watch valuation, email [email protected] or call 01283 733988.
