The First Art Newspaper on the Net   Established in 1996 United States Monday, September 23, 2019

Sapphires sizzle at Bonhams $6 million Jewelry Sale in New York
A diamond, sapphire and emerald bracelet, attributed to Louis Comfort Tiffany for Tiffany & Co., circa 1915-1925. Designed as slightly tapering quatrefoil links composed of wire scrolls and joined by tracelink chain, highlighted by four old European or old mine-cut diamonds, accented throughout with circular, step and cushion-cut sapphires and emeralds, and old mine cut diamonds; unsigned, with Tiffany box; larger diamonds weighing approximately: 2.60, 2.40. 2.30 and 1.75 carats; estimated remaining diamond weight: 4.05 carats; mounted in platinum; length: 7 1/4in. Sold for US$ 125,000 inc. premium. Photo: Courtesy of Bonhams.

NEW YORK, NY.- Bonhams Fine Jewelry auction on October 17 totaled nearly $6.3 million, with a 5.85 carat classic Kashmir sapphire ring fetching an astounding $461,000. Coming from a private collection, the stunning piece ignited a phone bidding war, and the final price realized was more than four times the blue sparkler's pre-auction estimate.

The salesroom was brimming with attendees while bidders in more than 20 countries participated via telephone and live online. Interest was concentrated in the US, with Great Britain, Hong Kong, Switzerland, Italy and Australia particularly well represented. The top ten lots fell evenly between those on the phones and those in the room. The auction was sold 85% by lot and 86% by value.

Sapphires performed well overall, with a diamond, sapphire, and emerald bracelet attributed to Louis Comfort Tiffany, cruising past its estimate to reach $125,000. Coming from an important Russian collector, a Burmese sapphire art deco ring by Grogan more than doubled its pre-auction estimate, achieving $112,500. A Tiffany & Co. sapphire and diamond ring designed by Jean Schlumberger, one of nearly two dozen iconic pieces from the legendary designer on offer, doubled expectations to bring $93,750.

Natural pearls also proved popular, as demonstrated by a Tiffany & Co. belle époque natural pearl and diamond necklace that sold for $149,000, more than seven times its pre-auction estimate. An antique gem-set and diamond brooch designed by Gustave Baugrand depicting a peacock perched atop a cultured pearl reached $87,500, quadrupling expectations.

Diamond highlights included an 8.06 carat unmounted pear-shaped natural pink diamond that achieved $389,000 and an 8.45 carat diamond, platinum and eighteen karat gold ring that tripled its pre-auction estimate to sell for $293,000.

Susan Abeles, Bonhams Head of US Jewelry commented "We are delighted with the results of the October 17 auction, which saw a remarkably strong market response to sapphires of various origins."

"Signed and vintage pieces, particularly those from private estates, were also in high demand," added Virginia Salem, the Director of the Jewelry Department in New York. "Designs by Tiffany & Co., Jean Schlumberger, Cartier and Van Cleef & Arpels were especially popular."

Bonhams next Fine Jewelry auction in New York will take place on December 9.

Today's News

October 22, 2013

Vermeer, Rembrandt, and Hals: Masterpieces of Dutch painting on view at The Frick

Sotheby's to offer one of the largest and most important collections of shipwreck photographs

Sotheby's to auction fine Chinese ceramics from The Alfred Beit Foundation in London

Cleveland Museum of Art Director David Franklin resigns effective immediately

The Museum of Modern Art appoints Dave Kehr as Adjunct Curator in the Department of Film

Czech-born photographer Josef Koudelka, a nomad who 'shapes the world' with his camera lens

Alejandra Peña-Gutiérrez named Executive Director of Museo de Arte de Ponce

Rare and princely 18th century bronze casket added to the Bowes Museum's treasures

An outstanding sheet drawn by Andrea Mantegna will be offered during the next auction by Farsettiarte

Over 300 lots that retrace the history of Rock 'n' Roll to be offered at Artcurial Briest Poulain F.Tajan

Christmas wishes will be granted at Bertoia's Nov. 8-10 auction of antique toys, trains and holiday antiques

John Grillo: 1940s, 1950s and 1960s on view at David Findlay Jr Gallery in New York

Sydney Opera House celebrates 40 years with Aboriginal dancers and a gigantic cupcake

Smithsonian exhibition traces European and American fascination with Indian devotion

Exhibition of new paintings by Syrian artist Mouteea Murad opens at Ayyam Gallery in Dubai

MSU Museum exhibits feature photographic portraits by Gilles Perrin

Radius Books publishes Barcelona by Janelle Lynch

After Modern Vermin Control: Nicolas Pol exhibits at Cardi Black Box in Milan

Bonhams appoint Iris Miao as Senior International Consultant of Chinese Paintings

Sapphires sizzle at Bonhams $6 million Jewelry Sale in New York

Major Impressionist, Post-Impressionist works from Texas collections lead European art sale

Most Popular Last Seven Days

1.- Holocaust 'masterpiece' causes uproar at Venice film festival

2.- To be unveiled at Sotheby's: One of the greatest collections of Orientalist paintings ever assembled

3.- Bender Gallery features paintings by up and coming Chicago artist Michael Hedges

4.- Lévy Gorvy exhibits new and historic works by French master in his centenary year

5.- Artificial Intelligence as good as Mahler? Austrian orchestra performs symphony with twist

6.- Fascinating new exhibition explores enduring artistic bond between Scotland and Italy

7.- Exhibition explores the process of Japanese-style woodblock production

8.- Robert Frank, photographer of America's underbelly, dead at 94

9.- The truth behind the legend of patriot Paul Revere revealed in a new exhibition at New-York Historical Society

10.- Hitler bust found in cellar of French Senate

Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .


Ignacio Villarreal
(1941 - 2019)
Editor & Publisher: Jose Villarreal
Art Director: Juan José Sepúlveda Ramírez

Royalville Communications, Inc
Founder's Site. The most varied versions
of this beautiful prayer.
to a Mexican poet.

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.
Sending Mail
Sending Successful