Auctions
An integral part of the pawnbroking system. Auctions are a core component of the pawnbroking system, as they determine the market price of valuable items through a transparent bidding process. The results of these auctions therefore serve as the basis for the pawnbrokers’ expertise and as the starting point for the valuation required to grant a pawn loan. Auctions and expert appraisal work together to ensure fair pricing and the highest level of professional expertise.
Great deals
With over 1,000 auctions a year, prospective buyers have access to a wide selection of high-quality valuables. The offerings include gold and diamond jewelry, gemstones, coins, luxury watches, collectibles, and works of art, all carefully described and beautifully presented in live and online auctions
Benefits of auctions held by Pignus members:
The competitive bidding process determines market prices while also supporting the refinancing of the pawnbroking system.
Wide selection
More than 1,000 auctions a year ensure a broad range of interesting items. Gold, jewelry, diamonds, pearls, gemstones, coins, works of art, etc.
Attractive prices
The high level of expertise among the appraisers ensures a starting price that encourages competitive bidding.
Warranty
Accurate descriptions build trust and ensure the quality of the auctioned items.
Transparency
This transparent and fair system benefits both bidders and pawnbroking customers, as any “surplus” is credited to the customer.
Social and environmental benefits
“Reusing” valuable items extends their lifecycle and contributes to a sustainable circular economy.
Circular economy
Around 90% of pledged valuables are never auctioned, as loans are typically repaid — a clear sign of borrowers’ confidence and optimism.
The remaining 10% of unredeemed items represent a particularly attractive opportunity. These objects find new owners and a new life through auctions, contributing to the circular economy.
Any surplus generated from the sale is returned to the customer.
“Public auctions are open to everyone and ensure a transparent sales process.”
Wide selection
High-quality jewelry
In Pignus member auctions, detailed and precise descriptions highlight all value-defining characteristics.
Gemstones and more
Luxury watches
Time never stands still in the world of auctions, and online auctions are accessible every day, at any time, and from anywhere in the world