Kruse GWS Auctions, a global auction house and leading innovator in the industry, announced the launch of its auctions in Dubai, beginning with the first luxury goods and entertainment memorabilia auction in the fourth quarter of 2023.
It also disclosed plans to auction to purchase real estate in the city – claiming to be the first auction house to do so – a move which it said was taken due to the overwhelming demand for properties in Dubai. This is also the first time the generational auction house has opened in a foreign country in over 100 years.
“After five years of careful planning and development, Kruse GWS Auctions will bring the company’s exceptional service to the vibrant, ever-evolving market of Dubai,” the company said in a media statement.
“Our commitment to excellence and investment in new technologies is part of the reason we chose Dubai to further our global expansion, including establishing relationships with builders such as Emar & Damac Properties,” it said.
The company said it looked forward to becoming a valuable asset to all of the great developers in the region and continuing to serve Royal Families in the region as well.
