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Bonhams Auction House

By Member News

Recently there has been some high prices achieved by Bonhams auction house in the USA when they do a special opal auctions in may-Claudia is in charge of the auctions and you may be interested to hear her comments

Dear Paul

Thank you for your email. I’m on deadline to send two catalogues to the printer presently and didn’t see your email until now. Here are some answers to your questions:

 

1) the annual  World of Opals auction is held in mid-May. The deadline for consignments reaching my office is end of February. It takes several weeks to write and photograph the catalogue and we allow two weeks for international mailing and three weeks of circulation time.

 

2) the selling commission is: flat 20% charge calculated on the hammer price includes insurance, photography and online imaging. Flat 2% handling charge, calculated on the reserve, if the item fails to sell which goes toward covering the insurance and photography.

 

3) all conversation start with a photo. If it’s not beautiful, it won’t sell. Photos with carats weights and descriptions can be sent to my Bonhams email account: [email protected]

Tel+1-323-436-5437

 

4) for multiple images or large files and appraisals, they should be sent with www.wetransfer.com

 

5) Unique items do well: picture opals opals, patterned opals that photograph well with vivid, unmuted colors. Opals which have been published or have been named. Many of our collectors are building private mineral museums so they like items that have importance. However, being listed in the Guinness Book does not help. At the end of the day, it is beauty that sells. Free forms and triangular shapes can be difficult to sell.  Ovals are the easiest to sell. Stones usable for ring sizes and pendants are beast, and weighing between 8 and 15 carats are the most salable.  I try to check every stone that I am offered against a past comp achieved at one of my auctions so that we don’t get too off base with pricing.

 

6) specimens that are of a size which cannot be worn in jewelry are difficult to sell.  Generally speaking, the larger the opal the lower the per carats price. Stones with too much potch  visible are harder to sell, as clients perceive they are paying for “dead weight”.

 

7) crystal opals are difficult to photograph and hard to sell. Clamshells and opalised fossils are tough to sell unless they are very reasonably priced.

 

Let me know if I’ve forgotten to answer anything and thank you for your interest in my auctions.

Best wishes

Claudia

Disclaimer Note We forward all emails received for the Opal association to all members as a matter of course. This does not mean we support or endorse the product /message and suggest members do their own due diligence and checking

Opal Association News Letter

By Member News

TUCSON SHOW GUIDE FOR 2019

It has been suggested the opal association should run a one page add promoting the Opal Trail in Australia with the names of members  who are selling in Tucson and their locations . We have the funds available and we could promote positive news that “Opal production is up on most fields”’. This can be put to members at our next meeting.The response to repeat last years add was slow but we should be promoting our industry and this is a good chance as there is good exposure to the industry.

MINTABIE OPAL FIELD.

The dead line for submission has been extended to the 31 st October2018.

We have formed a sub committee to lobby both state and federal politicians for the continuation of the Mintabie opal field for mining.

They are

Max Novelli, Yanni Athanasiadis, George Christianous, Damien Cody, Andrew Cody, Paul Sedawie.

We previously mentioned that the town had a fighting fund but the figure was inaccurate and we apologize for this.

 

OPAL ARTICLES

The Australian jewellery world did four articles on opals in its September issue.

-The first article was the proposal for the revised classification for opals. It was interesting to note that they quoted Australia now produces 60 % of worlds production in volume terms!!. They listed the 8 categories and made mention that CIBJO has endorsed full and proper uniform disclosure on all gemstones.

_The second article was title “Bleak out look for black opal”’ This is the type of heading we don’t need. While many of those interviewed tried to make out that scarcity of supply will increase prices the author has made it sound negative. There is more exploration and production in most fields and the pricing board at the ridge is seeing more opal than previous years. There was some positive comments at the end of the article about more fields to be discovered but we should follow up with the author as there was too much negative headlines. We should always talk up our industry especially to other gem dealers as supply is important to any industry.

-The third article was about  the Mintabie opal field. It mentioned about the uncertainty of the future of the town and how its unfair to blame the whole community for the crimes that have happened there.

-The fourth article was about being part of the national treasure  . This article mentioned how the Australian opal centre has gone from strength to strength and high lights its impact on the town and the opal industry with comments from founding members.

The founding members have pledged app $ 800,000 to date . The project will be built in two stages with the first costing 20 million of which 2 million is required from founding members and I believe also companies. If you are considering being a founding member you should join this week as the leverage you have is high to get this  great project started .I joined  as a founding member along with  opal association members Peter Sherman and Sally Patel at the last Lightning ridge opal show. More details below but if your interested do it by the “”12 OCTOBER”” before the next submission to the state govt. SO DO IT NOW!!!

https://outlook.live.com/mail/inbox/id/AQQkADAwATE2MTEAMC04NDY0LTNlYzgtMDACLTAwCgAQAIfihedrWaBPkWiO%2BQWRvqg%3D

 

 

Kind Regards

 

Paul Sedawie

President of the Opal Association

http://www.opal.asn.au/opal/