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Line Guide · Bulgari
Bulgari · Serpenti

Serpenti: value, history, and authenticity — independent guide

Door de redactie · Vakinhoudelijk getoetst · Bijgewerkt juli 2026

The value of a Serpenti piece primarily depends on its period and execution, and only then on its condition and completeness. Early Tubogas bracelets from the 1940s and 1950s — the coiled bands from which Serpenti historically originated — represent a distinct collector's market, far removed from the contemporary jewellery line with its figurative snake form. Within modern collections, material, whether a watch head is incorporated, and the presence of gemstones also play a role.

This guide focuses on the jewellery aspect of Serpenti. We briefly mention watch versions and refer to specialised watch channels for those — the appraisal of complications, movements, and watch authenticity falls outside the scope of this jewellery guide. For the broader snake motif throughout jewellery history, please see our separate motif guide on snake jewellery.

Het ontstaan

Bulgari, founded in Rome in 1884, developed a technique in the 1940s known as Tubogas: flat, flexible metal bands without solder, formed around a core that is removed upon completion. The first generation of Serpenti — bracelets and watches — was directly born from this technique: the coiled band suggests a snake, with a small head at the end and sometimes a tail running parallel.

In the 1950s and 1960s, the figurative snake form grew into one of the house's signatures. The earliest known public wearer was Elizabeth Taylor, who wore a Serpenti bracelet watch on the set of Cleopatra in the early 1960s — a moment that garnered significant international publicity and definitively established the line as an icon of post-war Italian joaillerie.

From the late 1970s, the line expanded to rings, necklaces, pendants, and earrings with a more abstract snake form. In the current assortment, the line continues in multiple sub-families — Serpenti Viper, Serpenti Seduttori, and related series — with a range from everyday wear to haute-joaillerie masterpieces.

Uitvoeringen door de jaren

The Tubogas execution — the coiled band technique — comes in various widths and numbers of coils. Early bracelets typically have a larger head with more detail than later productions, and the Tubogas itself is slightly less standardised in width in early work. Re-settings of stones in the head do occur; an appraiser always assesses whether eyes (often emeralds or rubies) and any central stones are originally set.

The figurative snake form — where the body is clearly modelled, with scales or linked segments — comes in yellow gold, white gold, and rose gold, with and without pavé, with or without enamel work. Enamel work is a signature in contemporary high-end executions; it is less common in early work.

Rings, pendants, and earrings from modern collections are more systematic in size and finish than early work. For the second-hand market, the distinction between 'vintage Tubogas' and 'modern Serpenti jewellery' is fundamental — collectors specifically seek items in one of these categories, rarely in both.

Echt of namaak?

The modern Serpenti line is a popular target for counterfeiting; early Tubogas work less so — the technique itself is difficult to convincingly replicate without specialised machinery. For the modern line, general patterns apply: anomalous weight, irregular finish of the snake head, stones not seamlessly set, eyes with a slightly different hue or lustre than usual. For Tubogas: irregular width along its length, visible solder marks where they shouldn't be, and a head disproportionate to the band.

The escalation route is well-known: papers and box first, then physical appraisal by an appraiser with specific experience in the line, and where possible, archival research through the house. For Tubogas work from the 1940s and 1950s, documentation is rare; an appraiser with historical knowledge is then key.

Bandbreedtes zonder concrete prijzen

Wat de tweedehandsmarkt kwalitatief laat zien

  • Modern jewel, standard execution, worn

    Standard segments, visible signs of wear, no papers.

    Lower end of the range
  • Modern jewel, complete set, good condition

    Box, original receipt, and warranty card present.

    Mid-range
  • Vintage Tubogas or high-end execution with pavé/enamel

    Early coiled band work or contemporary masterpiece with documentation.

    Upper end of the range

Ranges are qualitative. Actual value requires appraisal by an independent appraiser; for watch versions, watch-specific expertise is required.

Verkopen of laten beoordelen

For early work, preserve every piece of context — letters, photos of previous ownership, old appraisals. For modern pieces, the box, original receipt, and warranty card are the standard set. Our free photo advice is a starting point; follow the photography guide for appraisal and a specialist will assess what you have.

Gratis advies op foto

Stuur beelden en een korte beschrijving; een specialist bekijkt binnen twee werkdagen wat je in handen hebt en adviseert over de juiste vervolgroute. Wij bemiddelen niet en zijn geen taxateur.

Vraag gratis advies →Fotografiegids voor taxatie →
Veelgestelde vragen

Wat lezers vaak vragen

What is a Serpenti worth?

For modern jewellery, it depends on the execution, material, presence of pavé or enamel, and completeness. Early Tubogas work falls into a separate price category. Concrete amounts only become meaningful after an appraiser physically assesses the piece.

How do I recognise a genuine Serpenti?

Not with certainty on your own. For modern jewellery, the counterfeiting pressure is high enough that photo inspection does not provide a conclusive answer; for vintage Tubogas, historical specialist knowledge is required. Verification proceeds via papers, physical appraisal, and where possible, archival research from the house.

Does a Serpenti hold its value?

Early Tubogas work has shown structurally good development in the second-hand market. For modern jewellery, the same pattern applies as with comparable houses: standard executions move with the market, high-end executions and masterpieces have structurally appreciated more.

Should I sell with or without the box and papers?

With. For modern Serpenti, completeness is an important variable in the realised price. For vintage Tubogas, any form of context — an old invoice, an appraisal, a family note — is more valuable than for contemporary work.

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Curious what you have in your hands?

Bandbreedtes zijn een startpunt; wat je precies in handen hebt bepaalt de waarde. Stuur foto's en een korte beschrijving, dan bekijkt een specialist wat het is en adviseert binnen twee werkdagen over een logische vervolgroute.

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Independent advice about what you have and your options — not a purchase offer, not a formal appraisal.

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