Chanel

An Insider’s Guide to SaffronArt’s Upcoming Auction Featuring Exclusive Chanel and Hermès Handbags

An Insider's Guide to SaffronArt's Upcoming Auction Featuring Exclusive Chanel and Hermès Handbags

Are you the kind of customer who is always on the lookout for something unique and rare? Do you find yourself scrolling through vintage dealer websites more often than contemporary ones? Then you’re exactly what SaffronArt has in mind for an upcoming auction that features the who’s who of handbag heavyweights, as well as high-end watch offerings. From coveted Birkin and Kelly bags from Hermès – notoriously hard to find unless you want to join a solid waiting list – to leather goods from iconic French house Chanel, this is the kind of auction that seems to snatch the dreams of bag lovers with each vintage. If you’re more of a watchmaker, SaffronArt also offers high-end timepieces from brands such as Patek Phillipe and Girard-Perregaux. The wink? Many of the items featured are no longer available on the market, so this is your chance to bring home a sought-after piece that has the potential to become the kind of heirloom that is passed down from generation to generation.

Danish Vazirani, CEO and co-founder of SaffronArt, talks to vogue to give us the scoop on what awaits us:

What excites you most about this luxury auction and can you name some personal highlights from the collection?

“It’s an exciting auction because the collection is top of the line and includes pieces that have been chosen with great care. It’s not often you get such high quality tourbillon watches on sale as well as Birkins, Kellys and a host of other bags from Hermès.

Have you noticed the growth of the luxury resale market in India in recent years?

“Yes, the luxury market has grown exponentially in India as well as globally. Take the watch market, for example. He had an almost vertical leap across the globe. In fact, there is a shortage of high-end watches available in the market today, with people having to wait for long periods of time to acquire them.

There is a lot of debate about the growth in resale value of handbags and other luxury goods. What is your point of view ?

“Actually, I don’t know what the debate is about. There has been an incredible increase in the resale value of these items, mainly because the demand has increased so much and the supply remains limited. As I mentioned before, the waiting period to get high-end watches and handbags is significant. So if people have the opportunity to buy them in an auction like this, I’m sure they’ll go for it.

What is the most expensive object in this collection?

“The Jaeger-LeCoultre (lot 25) and the Patek Philippe (lot 27) have the highest price estimate of this auction.”

And the rarest?

“Many of the items in this auction are rare. Three of the watches, the Girard-Perregaux (lot 24), the Jaeger-LeCoultre (lot 25) and the Patek Philippe (lot 27) are not readily available in any market in the world. You will have to wait and hunt them down to acquire them. And, of course, there is always a demand for very good quality Birkins or Kellys on the market.

Is there any advice you can give to people looking to both list their items and those looking to buy luxury items at auction?

“Well, the advice is to contact the auction house first if you have something to sell. We will then give you a valuation and place it in the appropriate bid accordingly.

For those looking to buy luxury items at an auction, do your research, find out what the market rates are, find out how hard it is to acquire something, the waiting period, and then make a decision after that with the information you have. on the price you have to pay.”

The auction runs from June 1 to June 2 at SaffronArt, Ground Floor Industry Manor, Appasaheb Marathe Marg, Prabhadevi, MumbaI.

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