Valued and disposed of luxury goods, including designer handbags, watches, shoes and accessories, for a German client.
By the numbers
A German law firm, acting on behalf of a local company, approached Gordon Brothers to provide a valuation of luxury goods. The goods, which had been returned to the company by the federal courts on conclusion of an employee fraud case, consisted of over 350 designer handbags, 60 watches, along with various designer clothes, shoes and accessories. The luxury items were valued by our UK team following inspection on site in Germany, where they were being held in store. Following delivery of the valuation, the company approached Gordon Brothers directly and asked for a proposal to dispose of the goods. This was a competitive bid which was won based on our expertise and contacts within retail and our recommendation to bring the goods over to London, exposing them to a larger market. Three traditional auctions were held to dispose of the goods. 30 of the most high-end handbags, predominately Hermès Birkin’s and Kelly’s, were sold through Christie’s, included in their Paris sale. Whilst Dreweatts & Bloomsbury Auctions held a specialist watch auction and finally a handbag and accessories sale. The project, which started in June 2016 saw all assets successfully sold in line with client expectations by the end of the year.