Pre – Loved Jewellery – 5 reasons to buy vintage and antique jewellery at auction

Pre – Loved Jewellery – 5 reasons to buy vintage and antique jewellery at auction

19 August

Lola Hynes FGA DGA
Consultant Gemmologist at O’Reilly’s

  1. It’s unique: antique and vintage pieces are usually hand crafted and it is unlikely that you will find two pieces the same, vintage pieces are lovingly made and have a timeless style, making them unique and beautiful
  2. It’s more sustainable: recycling pre – owned jewellery reduces the impact that manufacturing new items has on the planet
  3. You become part of its story: antique jewellery often has an interesting provenance and you become the latest custodian in its rich history
  4. The experience: buying at auction is an exciting experience in itself, giving you an exclusive opportunity to buy these unique pieces
  5. It’s better value: new jewellery attracts VAT of 13.5 % and you will also pay the retailer’s profit, when you buy a second hand piece of jewellery at auction it is VAT exempt (on the margin scheme) and you pay only the auctioneers fees of 16%, this equates to about 25 – 50 % of the original retail cost.