The First Art Newspaper on the Net Established in 1996 United States Wednesday, April 16, 2014


Distinguished collections drive Sotheby's New York Auction of Magnificent Jewels to $60.6 million
Magnificent and Rare Egyptian-Revival Faience and Jeweled Brooch, Cartier, London. With original fitted box stamped Cartier. Est. $300/500,000. Photo: Sotheby's.
NEW YORK, NY.- Sotheby’s New York auction of Magnificent Jewels concluded this evening with an outstanding total of $60,550,813*, selling a strong 82.1% by lot and surpassing its pre-sale high estimate of $58.7 million. This figure raises the 2013 results for Sotheby’s worldwide jewelry auctions to just over $600 million to-date – already more than 30% above the previous record high for the Company’s sales in this category, set just last year**, and with another auction tomorrow in London. Today’s results also notably mark the highest-ever total for a jewelry sale at Sotheby’s New York***.

Lisa Hubbard, Chairman, North & South America, Sotheby’s International Jewelry Division, said: “This was a fantastic sale for those who love and appreciate jewelry as art. Not only was it defined by important stones that brought exceptional results, but also by iconic designs that spoke so vividly to the cultures and periods that inspired them – the Egyptian-revival pieces by Cartier, the Indian-influenced jewels from the Distinguished Family Collection, and the modernist, African-inspired Boucheron wrist cuff were all a privilege to offer.”

HIGHLIGHTS

• Third consecutive Jewelry auction at Sotheby’s New York with a sell-through rate above 80%

• Intense competition throughout the day drove 70% of sold lots to achieve prices above their high estimates

• The auction was led by a Magnificent Platinum, 18 Karat Gold, Emerald and Diamond Ring from the private collection of a Distinguished Lady, which brought $4,645,000 (est. $1/1.5 million). The ring centers a square emerald-cut emerald of Colombian origin weighing 61.35 carats.

• Property from a Distinguished Family Collection totaled $8.7 million, well in excess of its $5.5 million high estimate. The collection was led by a Magnificent Platinum and Diamond Ring that sold for $3,301,000 (est. $1.5/2.5 million), centering an emerald-cut diamond weighing 24.48 carats, D color, VS1 clarity.

• A remarkable 32 of the 36 lots on offer from the collection fetched prices above their high estimates.

• The booming market for natural pearls propelled two Natural Pearl and Diamond Necklaces from the same private collection to $1,865,000 and $1,205,000 in the morning session, soaring above their respective $600,000 and $500,000 high estimates.

• A group of five rare Egyptian-revival jewels produced by Cartier in the mid-to-late 1920s – following the discovery of King Tutankhamun’s tomb in 1922 – together brought $2.3 million, more than double their $940,000 high estimate.

• Led by the Magnificent and Rare Egyptian-revival Faience and Jeweled Brooch, Cartier, London, circa 1923, sold for $1,025,000 (est. $300/500,000). One of only two fan-shaped brooches ever made by Cartier, London, this particular brooch was exhibited in 1924 at the French Industrial Exposition, Grand Central Palace, New York.

** The previous highest total for a year of jewelry sales at Sotheby’s worldwide was $460.5 million, achieved in 2012.

*** The previous highest total for any jewelry sale at Sotheby’s New York was $53,490,938, achieved in April 2013.





Today's News

December 13, 2013

National Gallery of Art presents The Dying Gaul: An ancient Roman masterpiece

After exploring the possibility of developing an art fair in China, TEFAF Beijing not viable at the present time

Sales of African, Oceanic & Pre-Columbian Art total $23.4 million at Sotheby's France in 2013

Alte Pinakothek gets new frame for Italian painter Raphael’s ‘The Canigiani Holy Family’

National Air and Space Museum anniversary projects span the aerial age to the digital age

J. Paul Getty Museum announces retirement of Scott Schaefer, senior curator of Paintings

Ancient St. Lawrence Island artifact leads Bonhams Native American Art Auction in San Francisco

New Director for the Kunstgewerbemuseum of the Staatliche Kunstsammlungen Dresden

Koller Auctions in Zurich closes December auctions with seven results in the millions

Vintage and modern black and white photographs by Roxanne Lowit on view at Steven Kasher Gallery

Chemould Prescott Road celebrates 50 years of art with third of five exhibitions curated by Geeta Kapur

Jewels celebrating the lives of The Duke and Duchess of Windsor soar above estimate

New Director of Artes Mundi reveals shortlist for the UK's biggest contemporary art prize

Distinguished collections drive Sotheby's New York Auction of Magnificent Jewels to $60.6 million

Ana Cristea Gallery opens second solo exhibition with Romanian artist Bogdan Vladuta

Robert Redford 'delighted' as sacred objects bought for Hopi by US foundation

Cuban artist Yoan Capote's inaugural solo exhibition in London opens at Ben Brown Fine Arts

American photographer Ralph Gibson opens exhibition at Kahmann Gallery

Bonhams appoint new Jewellery Specialist at its Bond St. headquarters

Blanton Museum names Beverly Adams Adjunct Curator of Latin American Art

Most Popular Last Seven Days



1.- 'World's oldest message in a bottle', tossed in sea 101 years ago, reaches granddaughter

2.- East-West/West-East: Qatar unveils desert sculpture by American artist Richard Serra

3.- Ming-era 'chicken cup' sells for $36.05 million breaking record for Chinese porcelain

4.- United States pastor Kevin Sutherland convicted over Damien Hirst fake paintings

5.- Major exhibition at Pinacothèque de Paris explores the myth of Cleopatra

6.- Fondation Vincent van Gogh Arles opens with inaugural exhibition "Van Gogh Live!"

7.- Landmark exhibition opens in New York exploring the ancient kingdoms of Southeast Asia

8.- Palm-sized scroll that mentions Jesus's wife is ancient: Harvard Theological Review

9.- Hitler's wife Eva Braun may have had Jewish ancestry: British television documentary

10.- Bonhams to sell Madame de Pompadour's favourite porcelain which surfaced in Devon after 350 years



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, .

 

Founder:
Ignacio Villarreal
Editor & Publisher: Jose Villarreal - Consultant: Ignacio Villarreal Jr.
Art Director: Juan José Sepúlveda Rmz. - Marketing: Carla Gutiérrez
Special Contributor: Liz Gangemi - Special Advisor: Carlos Amador
Contributing Editor: Carolina Farias

Royalville Communications, Inc
produces:

ignaciovillarreal.org theavemaria.org juncodelavega.org facundocabral-elfinal.org
Founder's Site. The most varied versions
of this beautiful prayer.
Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site