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California Auction House Helps You Stretch Your Holiday Dollars

December 10, 2008 by Administrator · Leave a Comment 

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Mindful of tighter budgets for consumers this holiday season, the SCAA (Southern California Auctioneers Association) is encouraging San Diego buyers to stretch their dollars at one of its many live auctions throughout Southern California. Although the SCAA specializes in the Southern California marketplace, public demand for live and online auctions has allowed this 50-member association to expand nationally and internationally. Read more

Stolen Goods Up for Legal Auction!

December 10, 2008 by Administrator · 1 Comment 

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CBS News is offering a new tip for how San Diego shoppers can save money this holiday season…buy stolen property! Some people are turning to giving hot gifts (as in stolen property from the police). But not to worry; it’s perfectly legal. A bonanza of fenced goods is now available at PropertyRoom.com–an online auction site where you can buy stolen goods without someone calling 911 on you. Read more

Wide Assortment of Unique Items Available at Michigan’s MiBid

December 10, 2008 by Administrator · Leave a Comment 

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Just because you live in San Diego, doesn’t mean you can’t take advantage of MiBid (Michigan State’s Budget Office’s online auction Web site), which is now offering a wide and weird variety of used items to the highest bidder. Read more

Catherine The Great’s Pearl Necklace?

September 10, 2008 by Administrator · Leave a Comment 

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A mysterious pearl necklace that may have once belonged to Catherine the Great, Empress of Russia, is this week’s featured jewel. Automotive billionaire Horace Elgin Dodge purchased the necklace from Cartier in Paris in 1920 for his wife Anna Thomson Dodge at the astonishing price of $825,000 – about $8 million in today’s dollars.

The original Cartier invoice states that the “five row pearl necklace, consisting of 389 pearls weighing 4305 grains” was accompanied by an “enamel clasp representing Catherine, Empress of Russia” and “two diamond alternate clasps.” Several newspaper accounts from the ’20s suggested that the pearls did indeed once belong to Catherine; Anna Thomson Dodge’s heirs maintain that Horace bought the pearls from Cartier on that basis.

Now reduced to three strands comprised of 224 pearls and two Cartier diamond clasps, the necklace (above) is estimated at $500,000- $700,000 – a hefty sum, to be sure, but far less than Horace originally paid. The reason for the depreciation has less to do with the reduction in strands than with changing fashion and an evolving jewelry marketplace.

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Come to the San Diego Luxury Pawn Shop Report for all your news on watch and jewelry auctions. Read articles like this: Sotheby’s Magnificent Jewels Auction Expects $64 M.

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