News-Antique.com - May 22,2012 - TEHACHAPI, Calif. – Southern California’s Government Auction is rolling out the red carpet for bidders at its Sunday, May 27 auction of luxury goods, led by an array of top-notch timepieces, coveted gold coins and exquisite jewels. The auction will begin at 9:30 a.m. Eastern Time (6:30 a.m. Pacific Time) and is structured as an absentee, phone and Internet auction, with Internet live bidding through LiveAuctioneers.com.
“Anyone who has ever dreamed of owning a Rolex watch will have an excellent opportunity to fulfill that wish at our May 27 event,” said Chris Budge, of Government Auction’s Marketing department. “We will be auctioning a collection of high-end watches that includes designs by Rolex, as well as Cartier and Bvlgari. Bidding will start as low as $2 on most items.”
One of the wristwatch highlights is Lot 9A, an impressive pre-owned 1985 Rolex men’s stainless steel and gold Model No. 15053 (est. $3,225-$4,300). Known to timepiece collectors as an Oyster Perpetual Date, the watch retains all its original parts, including the face, band and dial. It features an 18K yellow gold and stainless steel bracelet with a champagne dial and 18K yellow gold index markers. “This watch is considered a classic – a statement piece meant to be worn and enjoyed for a lifetime,” said Budge.
Women have not been left out of the Rolex stakes by any means. Lot 17A in Government Auction’s sale is a 1997 Rolex women’s Oyster Model No. 67103, composed of stainless steel and gold. A symbol of quiet but impeccable taste, this attractive link-bracelet watch could bring $2,775-$3,700 at auction.
For centuries, rubies have fascinated jewelry lovers. They’re found in the collections of virtually every crowned head, and their value has only increased as mines have closed. Lot 202 in the May 27 auction, a dazzling pendant-drop necklace, combines classical design with 74 carats of rubies and 5 carats of diamonds, all in a setting of lustrous 14K yellow gold. The necklace’s linked floret clusters feature 29 natural, chevron-shape rubies surrounded by diamonds. Each ruby measures approximately 9mm by 7mm. The necklace has a retail replacement value of $41,350.
Another major draw in the May 27 auction event is the select offering of gold coins. Lot 3, an 1850 $20 U.S Liberty Head gold coin known as a “Double Eagle” was minted at the height of the gold rush. Of all the gold coins minted prior to 1907, the Double Eagle had the highest gold content. The coin to be auctioned represents the first year of production for the $20 Double Eagle of this particular design, which ended its run in 1907. The coin features the Liberty head surrounded by 13 stars on the front and is stamped "Twenty D" on the reverse side of the coin.
“The $20 Double Eagle is an elusive coin and is quite rare. It is sure to attract some major coin experts and collectors,” said Paul Sabesky, Government Auction’s chief auctioneer.
Additional numismatic highlights include an 1884CC United States Morgan