\n<\/p>\n
Hotlotz said it will hold 15 online auctions of the luxury items from September this year to May 2027. The firm does not accept commission or telephone bids, and does not hold traditional in-room auctions.<\/p>\n
Catalogues for the first two auctions will be released at 10am on Sep 7, when online bidding also opens.<\/p>\n
The first auction, closing Sep 20 at 4pm, will have handbags and accessories from brands including Chanel, Louis Vuitton and Christian Dior.\u00a0<\/p>\n
The second, closing at the same time on Sep 27, features jewellery pieces from makers such as Graff, Bulgari and Van Cleef & Arpels.<\/p>\n
The two auctions will include over 300 handbags and accessories and over 250 jewellery pieces, with a pre-sale estimate of between S$2.9 million and S$3.9 million.<\/p>\n
Catalogues for subsequent auctions will be released closer to each sale, and will include Herm\u00e8s handbags and watches from Patek Philippe, Richard Mille and Rolex, Hotlotz said.<\/p>\n
The auctions are open to participants globally, though bidders must register and pass compulsory identity verification checks before taking part.<\/p>\n
Approved bidders can book a viewing slot at Le Freeport, a high-security storage facility in Changi where the items are kept. Viewing is strictly by appointment, and walk-ins are not allowed.\u00a0<\/p>\n
Hotlotz said appointment slots are limited and assigned to registered participants on a first-come, first-served basis.<\/p>\n
Hotlotz founder and chief executive Matt Elton said the case’s global profile would draw added attention to the auctions, but that he was keeping sensationalism at bay.<\/p>\n
His aim is to \u201csell everything in the fairest, most transparent way and offer it to the widest market\u201d.<\/p>\n
\u201cAt the end of the day, I try to avoid the sensationalism. My job is to sell these items. My job is to understand what they are, to put them into the market at the correct price, and to be very objective about how we talk about them,\u201d he said.<\/p>\n
\u201cI’m trying not to be knocked off my perch by the kind of stories around it.\u201d<\/p>\n
Mr Elton said transparency was key, including making sure bidders know where the items came from.\u00a0<\/p>\n
Starting prices are benchmarked against other auctions rather than original retail or secondary-market prices, he added.<\/p>\n<\/div>\n
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