What is a Jewelry Auction?

A jewelry auction is an event where pieces of jewelry are sold to the highest bidder. Typically, private collectors, estate managers, jewelers, designers, and other independent owners consign their jewelry to the auction house. This gives the seller access to the auction house’s resources, from professional appraisals to a cultivated audience of customers, for which the auction house will usually take a cut of the profits. The jewelry on sale usually encompasses a wide range of materials, eras, and values, and there are all different types of auctions with different specialties, including online, in-person, and hybrid event formats.