{"id":237501,"date":"2021-06-14T17:00:01","date_gmt":"2021-06-14T09:00:01","guid":{"rendered":"https:\/\/thehoneycombers.com\/singapore\/?p=237501"},"modified":"2021-06-21T14:32:22","modified_gmt":"2021-06-21T06:32:22","slug":"auction-singapore-hotlotz","status":"publish","type":"post","link":"https:\/\/thehoneycombers.com\/singapore\/auction-singapore-hotlotz\/","title":{"rendered":"We found a stylish way to shop sustainably: Snag secondhand goods at auctions in Singapore!"},"content":{"rendered":"

With sustainability<\/a> being more of a focus now, auction houses are having their time in the spotlight. A little background: auctions began in the late 17th century, way before the depletion of natural resources was a \u2018thing\u2019. People originally bought at auction to build collections. Purchases were driven by the beauty of each item and their considered collective value \u2013 the beauty in the collection. The concept of secondhand goods<\/a> just didn\u2019t come into the picture. Auctions have always been \u2013 and still are \u2013 hunting grounds for treasure and items of note.<\/p>\n

Where to start your auction adventure in Singapore<\/h3>\n
\"singapore
Auctions are full of treasures to bring home. Photography: Lina Castaneda via Unsplash<\/figcaption><\/figure>\n

Hotlotz<\/a> is a name you may already know \u2013 it’s a homegrown, young and energetic auction house on the outskirts of Tiong Bahru<\/a>. And what’s more sustainable than buying at auction? It offers all sorts of things: antiques, brand new furniture, designer and luxury handbags, fashion, fine art, jewellery and watches.<\/p>\n

The common thread running through its curated sales? It’s all about quality. Founder Matt Elton explains, \u201cWe fill that gap in the market; we sit somewhere between Carousell and Christie\u2019s.\u201d<\/p>\n

A little background: in 2016, Matt was renovating a former sausage factory, now his home, and felt strongly that he didn\u2019t want anything too shiny or new, interior-wise. He went looking for treasure and couldn\u2019t believe there wasn’t a general auction house in Singapore. Six months later, Hotlotz was founded.<\/p>\n

It\u2019s an interesting kind of circular economy, as a lot of the items it sells \u2013 funnily enough \u2013 come from clients who have bought things at previous auctions.<\/p>\n

Otherwise, finding objects to sell is through good, old-fashioned word-of-mouth. Sometimes it\u2019s because people are leaving Singapore \u2013 and beautiful houses are being emptied. Or people wanting to declutter. If you can monetise something that\u2019s sitting unworn in your wardrobe, why not? Single-owner collections are also sought after, whether it\u2019s Asian ceramics or one woman\u2019s designer wardrobe.<\/p>\n

These folks hold online auctions every two weeks and sell all sorts of things, from home and decor pieces to designer and luxury fashion to jewellery and watches. Fun fact: they recently sold a 38-carat emerald ring for $60,000!<\/p>\n

Get a piece of all the auction action<\/h3>\n
\"singapore
Photography: Hotlotz<\/figcaption><\/figure>\n

Not sure where to start? The Fine Art auction offers an eclectic mix of art, with something for everyone. You\u2019ll find works by recognised masters on the list, alongside large-format paintings from unknown artists. The Singaporean prints are also great wall fillers!<\/p>\n

If you\u2019re into sprucing up your abode, look forward to the monthly Home & Decor auctions. They take place on the first Sunday of each month (get it in the diary!). These homeware sales are an interior designer\u2019s dream; a hunting ground of sometimes quirky, sometimes classic treasures that you simply can’t walk into a store and buy.<\/p>\n

What\u2019s more, items are offered with realistic reserves and generally sell at reasonable prices. Tightly edited, the Home & Decor auctions are a good place to shop if you want to support the sustainability movement, whilst adding some great one-off pieces to your home.<\/p>\n

Also, don’t miss out on the designer and luxury fashion auctions, which promise labels including Chloe, Dolce & Gabbana, Louboutin and Louis Vuitton.<\/p>\n

Not sure how to start bidding? Here’s what you need to know<\/h3>\n
\"singapore
Photography: Perry Merrity II via Unsplash<\/figcaption><\/figure>\n

1. Hotlotz runs timed, online auctions. Sale catalogues go live on a Tuesday, just under two weeks before the auction ends, with about two auctions per month. Bids can only be placed once a catalogue is live. Auctions will always close on a Sunday from 6pm. Oh, and if you\u2019re keen to see the items in person, head over to the saleroom at Lower Delta Road.<\/p>\n

2. If any bid is placed in the last five minutes before a lot closes, the bidding period will be automatically extended by a further five minutes. This continues until a full five minutes have passed without another bid being placed. It\u2019s exciting to watch when there\u2019s a bidding frenzy!<\/p>\n

3. To give yourself the best chance of winning an item, register to bid and leave your \u2018maximum bid\u2019. You can bid live on the night the sale is closing, but it’s less stressful to put down the maximum price you\u2019re prepared to pay and let the platform bid intelligently on your behalf. It\u2019ll only bid enough to keep you in the lead.<\/p>\n

4. Remember, just like any auction house around the world, there\u2019s a buyer\u2019s premium. 24% will be added to the closing \u2018hammer\u2019 price.\u00a0 There aren\u2019t any additional online fees or fees for paying with a credit card.<\/p>\n

5. Winners will be sent an automated email on Sunday after the whole auction has ended, so fingers crossed for good news! Lots can be collected from the saleroom two days after the auction ends, but local and international deliveries are available upon request as well.<\/p>\n

Now, who’s ready to start your auction adventure in Singapore?<\/p>\n

\n

Words by Frog Michaels<\/strong><\/p>\n

As a child, I knew if lunch was going to be worth eating \u2013 not because of the smell of cooking but because of the china. S\u00e8vres meant good guests which, in turn, meant good food. Food and antiques have all continued to play a part in my life: I wrote \u2018A Helping Hand\u2019 cookbook \u2013 with recipes in English & Tagalog, had a food & society column for Singapore Tatler and contributed to The Telegraph and other titles. The plates continue to spin with my new job as Head of Press for Hotlotz, the auction house. Follow me on @changmoh<\/a> for edits of upcoming sales.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

With sustainability being more of a focus now, auction houses are having their time in the spotlight. A little background: auctions began in the late 17th century, way before the depletion of natural resources was a \u2018thing\u2019. People originally bought at auction to build collections. Purchases were driven by the beauty of each item and […]<\/p>\n","protected":false},"author":101165,"featured_media":237503,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false},"categories":[19955],"tags":[145383],"acf":[],"yoast_head":"\nWant to shop sustainably? 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