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Strong Results In Locatis First Sale Of Fall Season

Gold Shipwreck Coin, Dated 1712, Brought $19,000

October 20, 2023

Locati LLC, located in Pineville, Bucks County, Pa., held its monthly online-only auction on Sept. 17. Nearly 500 lots were offered in a wide range of categories. We saw some great activity for the first sale of our season. We are now selling on five competing platforms that allow our lots to have exposure to a very large audience, stated co-owner Michael Locati. Clearly higher end pieces are excelling, mid-range in the market is still struggling, but I think we are proving that creative marketing can help get better results across the board, furthered Locati. The leading lot was a gold shipwreck coin, dated 1712, which went for $19,000. Prices reported are hammer prices and do not include buyers premium. Some other notable lots included a Pablo Picasso Chouette Femme (A.R. 119) ceramic vase, selling for $14,500, and a piece of modernist jewelry by Cesar Baldaccini (1921-98), which sold for $12,500. What the overall market is telling me is that in a high-end marketplace, it is difficult to find pieces, but we are able to find a motivated group of bidders. Marketing efforts indicate we are reaching those bidders, continued Locati. Captions also include hammer prices. For more information, call Locati LLC at 215-619-2873 or visit www.locatillc.com.
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