Portero.com raises more VC funding for luxury auction website

Posted on Feb 19 - Filed Under Jewelry, Miscellaneous, Technology | View Comments

New York based Portero.com has raised $6.6 million in VC funding. The Series B round was led by LFE Capital. Portero.com provides a luxury marketplace and auction site for authenticated luxury items from hundreds of brands since 2004. Categories include jewelry, watches, accessories and fine housewares. Portero’s emphasize is placed on the value-add provided by their authentication process and the all-inclusive consignment process including: research, pricing, professional photography, description write-up payment, shipping and finalizing the sale of your items. As an example, see below the most expensive jewelry currently listed with active bids:

Oscar Heyman Platinum Emerald-Cut 10.54 ctw Diamond Clip Earrings
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Rectangular-cut 28.82 carat diamond ring sells for $1,098,340

Posted on Nov 20 - Filed Under Jewelry | View Comments

This ring was recently sold in Geneva by Christie’s for CHF1,323,000 ($1,098,340)

From the lot note:

“Set with a rectangular-cut diamond weighing 28.82 carats, to the triangular-shaped diamond shoulders, mounted in platinum, ring size 6. Accompanied by report no. 17465770 dated 17 July 2008 from the GIA Gemological Institute of America stating that the diamond is I colour, VVS2 clarity ”

See details at Christie’s