Sotheby's Hong Kong Unveils the World's Greatest Jadeite Bead Necklace - Wedding Present to Barbara Hutton from Her Father

SOTHEBY’S HONG KONG UNVEILS

THE WORLD’S GREATEST JADEITE BEAD NECKLACE

The Hutton-Mdivani Necklace

– With Qing Jadeite Beads reputedly from the Imperial Court –

Is Expected to Fetch in Excess of HK$100 million / US$12.8 million

GIVEN TO HEIRESS BARBARA HUTTON BY HER FATHER,

ON THE OCCASION OF HER WEDDING TO PRINCE MDIVANI

Sotheby’s Hong Kong is honoured to present The Hutton-Mdivani Necklace, the Greatest Jadeite Bead Necklace of Historical Importance (Expected to fetch in excess of HK$100 million / US$12.8 million*at its Magnificent Jewels and Jadeite Spring Sale to take place on 7 April at the Hong Kong Convention and Exhibition Centre. The Hutton-Mdivani Necklace has the most illustrious provenance spanning   members of Western nobility and Imperial China since the turn of last century, and is widely recognised as the most important piece of jadeite jewellery known to the world. This jadeite bead necklace, with an innovative clasp by Cartier, comprises 27 gigantic jadeite beads of magnificent green colour, excellent translucency, extremely fine texture and majestic proportions, with diameters ranging from 19.20 mm to 15.40 mm. A fine complement to the prominence of its past owners, this jadeite bead necklace offers a unique collecting opportunity for jewellery and jadeite connoisseurs.

The Cartier archive records the beads being in their possession in 1933 when an innovative clasp was designed especially for the Hutton family. The necklace was then presented as a wedding gift in the same year to Barbara Hutton from her father on the occasion of her marriage to Prince Mdivani. It was first worn publically by Barbara Hutton at her 21st birthday party, and remained in the Mdivani family for over five decades until it was first sold at auction in 1988 for US$2 million / HK$15.6 million and made news headlines as the most expensive piece of jadeite jewellery in the world. Six years later in 1994 it was offered at auction again in Hong Kong, this time doubling its previous price to achieve US$4.2 million / HK$33 million and once again bringing the price of jadeite jewellery to a new level.

QUEK Chin Yeow, Deputy Chairman and Head of Jewellery Department, Sotheby’s Asia, said, “We are most honoured to be entrusted to offer in our upcoming Magnificent Jewels and Jadeite sale The Hutton-Mdivani Necklace, the greatest jadeite bead necklace in the world. Of the finest quality and striking proportions, this jadeite bead necklace with a storied past is an epitome of the mysterious and captivating beauty of jadeite, the most revered oriental gemstone, and evokes the glamour of distinguished style icons of both China and the West at the turn of the last century. It stands as the most important piece of jadeite jewellery known to the world and is set to engage keen competition from jewellery cognoscenti.”

Barbara Hutton (1912 – 1979) – A Fabled Heiress and Iconic Collector

Socialite and heiress Barbara Woolworth Hutton was among the few in the West known for her love for jadeite. Heiress to the retail tycoon Frank Winfield Woolworth, Hutton was one of the wealthiest women in the world when she turned 21, and known for her distinguished taste, lavish lifestyle as well as elegance and beauty. A great patron of the renowned jewellery houses, her collection encompassed unique commissioned pieces by the most celebrated jewellers, as well as important royal and noble jewels, among them a pearl necklace formerly belonging to Marie Antoinette, Queen of France.

The World’s Greatest Jadeite Bead Necklace 

of Supreme Historical Importance

Widely known as the most important piece of jadeite jewellery to date, this necklace comprises 27 highly translucent beads of perfectly matched colour, extremely fine texture and extraordinary majestic proportions ranging from 19.20 to 15.40 mm in diameter, as well as a patina and polish consistent with the fine craftsmanship from the late Qing period. The proportions alone render them highly unusual and impressive, as top-quality jadeite boulders normally yield beads of no more than 5 to 10 mm in diameter due to their extreme scarcity. To fashion a strand of matching jadeite beads, all the beads must be carved from the same boulder and as many as thrice the desired number of beads are often needed from which to select the most suitable ones. With the immense wastage involved, jadeite bead necklaces rank among the most valuable and sought-after forms of jadeite jewellery.

The Hutton-Mdivani Necklace is also remarkable for its design. Jade was incorporated into Western jewellery design in the early 20th century. As Cartier embraced this unique oriental gemstone, carved jade became a notable element in the brand’s signature Art Deco designs and a novel expression of luxury. The jadeite beads on the necklace were set by Cartier to a ruby and diamond clasp of clean and geometrical design. The red colour of rubies, whilst auspicious in Chinese culture, is also a fine example of the colour palette of the Art Deco period against the luminous green colour of the beads.

Qing Jadeite Beads Reputedly from the Imperial Court

Classic and elegant, the jadeite bead necklace is among the most popular forms of jadeite jewellery and favoured by the likes of Empress Dowager Cixi of China, Madame Chiang Kai-Shek and Madame Wellington Koo, wife of the famous Chinese diplomat V.K. Wellington Koo.

As a result of political instability in the late 19th century, Imperial treasures were removed from the palace and many of them redesigned into various forms of jewellery. Like many lost treasures, the precise origin of the jadeite beads on this necklace is unknown. Nonetheless, since the beads were of supreme quality and had already found their way to Europe and been customised into a piece ofhaute joaillerie by Cartier by the early 1930s, they can be dated at least to the late 19th or early 20th century.

The prominence of the original owner of the beads is sufficiently reflected by their supreme quality. Since its introduction as a tribute to the Qing Imperial court in the 18^th century, jadeite of various forms was exclusively worn by the ruling class. Imperial court necklaces in particular were worn only by Qing emperors and senior officials. Considering the impressive size and quality, it is likely the beads on the Hutton- Mdivani Necklace would have been presented to the Imperial court. An Imperial jadeite bead necklace acquired in the early 20th century by Oei Tiong Ham, a successful Chinese businessman in Indonesia, from Beijing’s leading jadeite dealer, Tieh Bao Ting, was sold at Sotheby’s New York in 2010. While the 30 jadeite beads on the Oei Tiong Ham necklace - originally from a Qing Imperial court necklace - measure 13.40 to 13.30 mm in diameter, the beads on the Hutton-Mdivani Necklace currently offered are far superior in colour, texture, translucency and size, which indicates an equally, if not more distinguished original ownership.

Sotheby’s has been uniting collectors with world-class works of art since 1744. Sotheby’s became the first international auction house when it expanded from London to New York (1955), the first to conduct sales in Hong Kong (1973) and France (2001), and the first international fine art auction house in China (2012). Today, Sotheby’s presents auctions in nine different salesrooms, includingNew York, London, Hong Kong and Paris, and Sotheby’s BidNow program allows visitors to view all auctions live online and place bids in real-time from anywhere in the world. Sotheby’s offers collectors the resources of Sotheby’s Financial Services, the world’s only full-service art financing company, as well as private sale opportunities in more than 70 categories, including S|2, the gallery arm of Sotheby’s Contemporary Art department, as well as Sotheby’s Diamonds and Sotheby’s Wine. Sotheby’s has a global network of 90 offices in 40 countries and

is the oldest company listed on the New York Stock Exchange (BID).

*Estimates do not include buyer’s premium and prices achieved include the hammer price plus buyer’s premium.

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HONG KONG’S MAGNIFICENT JEWELS SET TO AMAZE COLLECTORS

Auction Results Total:   $83,028,022

•  
  LOT 2793, SALE 2899, HONG KONG

  AN UNMOUNTED DIAMOND
  PRICE REALIZED   HK$64,500,000 ($8,313,760)
•  
  LOT 2794, SALE 2899, HONG KONG

  AN UNMOUNTED DIAMOND
  PRICE REALIZED       HK$63,380,000 ($8,169,397)

HONG KONG’S MAGNIFICENT JEWELS
SET TO AMAZE ASIA’S TOP COLLECTORS
Over 300 Breathtaking Diamonds, Gems and Jadeite Jewels
Valued at HK$600-800 million / US$75-100 million
Including a Perfect Pair of 35ct D Flawless Diamonds

Hong Kong Magnificent Jewels

1:30 pm, Tuesday, 29 November, 2011

Woods Room, Grand Hall, 

Hong Kong Convention &Exhibition Centre
1 Expo Drive, Wan Chai, Hong Kong

The first half of 2011 saw strong sales and record prices achieved at Christie’s sales of jewellery around the world, with global sales up over 30% compared to 2010.  The strength of the jewellery market was clearly demonstrated in Hong Kong where, at HK$695.7 million (US$89.4 million), the Spring sale became not only the most valuable jewellery auction in Asia, but also the largest ever at Christie’s worldwide.

‘Set against a background of industry momentum and an ever-expanding community of jewellery collectors, the upcoming Autumn sale of extraordinary jewels has been curated to fit connoisseurs’ desires and current market trends.  We have selected exceptional diamonds, important coloured stones, rare jadeite, and signed jewels valued in excess of HK$600 million / US$75 million in one of our best sales ever in Hong Kong,’ says Vickie Sek, Director of the Jewellery and Jadeite Department, Christie’s Asia.

 COLOURLESS DIAMOND HIGHILGHTS

PICTURE-PERFECT PAIR:  of 35ct D Flawless, Type IIa Diamonds

Per-carat prices for top quality white diamonds remains strong in today’s market and collectors the world over are competing for the very best like never before.   Leading the season is an extraordinary pair of unmounted round brilliant-cut D Flawless diamonds, weighing 35.77 and 35.61 carats each. 

The largest pair of its type to ever be offered at auction – each is roughly the size of a cherry tomato - these diamonds have been awarded “Triple Excellent” for their polish, symmetry and cut grade.  Adding to their allure is that they have also been determined to be Type IIa, the most chemically pure form of diamond showing exceptional appeal transparency. 

The Steinmetz Diamond Group, one of the leading diamond manufacturing and trading groups in the world, was entrusted with the honour of cutting this pair of 35ct round diamonds, both of which were uncovered in South Africa.  To find large pieces of colourless rough within the same timeframe represents an extremely rare occurrence.  To combine that with the vision to obtain a closely matched pair raises the project to new heights.  

This extraordinary pair was exhibited by Steinmetz at the Guggenheim in New York in December 2010, and was showcased at the launch of Forevermark in India in April 2011 as the largest pair of diamonds to bear Forevermark’s inscription, a unique identification number and symbol invisible to the naked eye that signifies not only that the diamond is genuine, natural and untreated, but also that it has been sourced responsibly.   Offered separately, these tremendous diamonds are estimated at HK$56,000,000-75,000,000 / US$7,000,000-9,000,000 each. To learn more about the pair click here.

Other colourless diamonds presented this season include a pair of D Flawless, Type IIa brilliant-cut diamonds of 5.27 and 5.24 carats (estimate: HK$12,000,000-18,000,000 / US$1,500,000-2,250,000) that have each been rated “Triple Excellent”for their cut, polish and symmetry, and a diamond ring set with a pear-shaped F colour, Internally Flawless, Type IIa diamond of 12.08 carats (estimate: HK$7,000,000-9,000,000 / US$900,000-1,150,000).

THE KING OF DIAMONDS:  HARRY WINSTON

This season a number of important jewels bearing the coveted name of Harry Winston will be offered.  Leading the selection from the ‘King of Diamonds’ is a magnificent emerald and diamond brooch which boasts a story steeped in the history of its famed maker (estimate: HK$15,600,000-25,000,000/US$2,000,000-3,000,000 ).  The emerald was originally purchased by a prominent Texas oil-man and close personal client to Mr. Winston who called upon the jeweler for a significant gemstone.  Mr. Winston offered the man and his wife a choice:  the present 68.90 carat emerald or a 69.42 carat pear-shaped diamond. The wife had the final decision and chose the emerald, and the diamond went on to be acquired by Elizabeth Taylor and subsequently known as Taylor-Burton Diamond.  For the emerald, Mr. Winston had his legendary designer, Ambaji Shinde, create this consummate Winston jewel, one that can be seen illustrated in the celebrated Winston tome, Harry Winston: The Ultimate Jeweler written by Laurence S. Krashes and Ronald Winston.

Also from Harry Winston is a stunning pair of marquise and pear-shaped diamond cluster earrings suspending a pear-shaped diamond of 14.38 and 12.75 carats (estimate: HK$8,000,000-12,000,000 / US$1,000,000-1,500,000);  a ruby and diamond ring set with a 8.37 carats cushion-shaped Burmese no-heat ruby(estimate: HK$5,500,000-8,000,000 / US$700,000-1,000,000 ); and an impressive ruby and diamond fringe necklace set with thirty-two untreated Burmese weighing over 80 carats (estimate: HK$10,000,000-15,000,000 / US$1,250,000-1,870,000).

IMPORTANT NATURAL PEARLS

Perfectly formed by nature and needing no further enhancement to its purity and beauty, the pearl is the earliest and most enduring gemstone known to man.  Standing apart in the selection of natural pearl jewels offered this season is a rare and important necklace of saltwater natural pearls boasting 16 matching button-shaped pearls of impressive size (estimate: HK$12,800,000-18,000,000 / US$1,600,000-2,250,000 ). Assembling such a finely-matched selection of natural pearls of this size and quality is rare and exceptional – an endeavour that likely took several decades.  The result of the collector’s astonishing eye for taste and quality is a jewel that is certain to be amongst the most sought-after this season.

Also of note is a pair of stunning ear pendants featuring a detachable pearl drop of astonishing size and quality and diamond tops signed Van Cleef & Arpels(estimate: HK$4,800,000-6,500,000 /US$600,000-800,000). It is not only the impressive size and similarity in weight that sets these two pearls apart, but also their even drop-shape, which combined with an attractive white colour and lustre qualifies this as a rare matching pair. 

An important pair of natural coloured pearl and diamond ear pendants(estimate: HK$5,200,000-8,000,000 / US$650,000-1,000,000) and a natural pearl, diamond and onyx pendant necklace set with a large natural white drop pearl(estimate: HK$1,600,000-2,500,000 / US$200,000-315,000) round out the season’s top pearl offerings.

SPECTACULAR COLOURED GEMS

The finest emeralds in the world are those that originate in Colombia which are especially prized for their intensity and depth of colour - a particularly rich grass-green with a medium-dark tone.  The Stars of Colombia (estimate: HK$15,500,000-25,000,000 / US$2,000,000-3,000,000), with their remarkably large size - 25.38 and 23.12 carats - high clarity,  refined cutting and superior colour, are a pair of unparalleled rarity.  These cushion-shaped gems, each boasting a verdant green, are untreated, making them highly unusual, and the purity their exhibit is not often encountered in the market today.  Indeed, a single Colombian emerald of this quality is rare. To have its equal in quality and colour to match so well in size and shape is virtually unheard of. 

Of the season’s rubies highlights, a ruby and diamond necklace by JW Currens containing 25 exemplary Burmese rubies is of particular note (illustrated right, estimate HK$16,000,000-25,000,000 / US$2,000,000-3,000,000). Each of the oval-shaped stones is untreated and showcases a high degree of transparency, and the majority display the coveted ‘Pigeon’s Blood’ vivid red typical of old Burmese rubies.  Natural Burmese rubies of these sizes, colour and high clarity are extremely scarce on the market today.

Sapphires are led by an exceptional sapphire and diamond brooch set with a cushion-shaped Kashmir sapphire of 26.41 carats (estimate: HK$25,000,000-38,000,000 / US$3,200,000-4,800,000).  The market for top quality, untreated sapphires such as this is particularly buoyant, and this remarkable gem with its sumptuous colour and glassy, almost crystal quality is poised to be among the most desirable gemstones this season.

SUPERB  JADEITE

An array of important jadeite is a cornerstone of Christie’s Hong Kong jewellery sales each season.  This sale’s selection is led by ‘The Three Friends of Winter’, a superb jadeite pendant necklace featuring a carved jadeite plaque that exemplifies a harmonious balance of colour, texture and translucency found only in the rarest jadeite (estimate: HK$15,000,000-25,000,000 / US$2,000,000-3,000,000).

 Featuring references to pine, plum blossom and bamboo, species that withstand and even flourish in harsh environments, this pendant displays a vivid emerald green with a remarkable depth of pure colour and intense saturation and tone.  Together with its perfect shape, exceptional thickness and master craftsmanship, this is one of the top pieces of jadeite seen on the market in recent years.  Also of note is a jadeite bead necklace set with fifty-five jadeite beads of bright emerald green colour and excellent transparency (estimate: HK$3,000,000-5,000,000/US$380,000-650,000). 

About Christies:
Christie’s, the world's leading art business had global auction and private sales in 2010 that totaled £3.3 billion/$5.0 billion. Christie’s is a name and place that speaks of extraordinary art, unparalleled service and expertise, as well as international glamour. Founded in 1766 by James Christie, Christie's conducted the greatest auctions of the 18th, 19th and 20th centuries, and today remains a popular showcase for the unique and the beautiful. Christie’s offers over 450 sales annually in over 80 categories, including all areas of fine and decorative arts, jewellery, photographs, collectibles, wine, and more. Prices range from $200 to over $100 million. Christie’s has 53 offices in 32 countries and 10 salerooms around the world including in London, New York, Paris, Geneva, Milan, Amsterdam, Dubai, Zürich, and Hong Kong. More recently, Christie’s has led the market with expanded initiatives in emerging and new markets such as Russia, China, India and the United Arab Emirates, with successful sales and exhibitions in Beijing, Mumbai and Dubai. 

*Estimates do not include buyer’s premium. Sales totals are hammer price plus buyer’s premium and do not reflect costs, financing fees or application of buyer’s or seller’s credits. 

Complete catalogue available online at www.christies.com or via Christie’s Mobile, iPhone and iPad apps.

Gambling On Gems - Stahl Designs Meteorite Gaming Set

One of the highlights of Christie's Magnificent Jewels auction on November 29th in Hong Kong is likely to be a "set of multi gems gaming chips" designed and created by the Swedish artist and jeweller Kristian Ståhl. The outer frames of the 120 chips included in the set are made of 18K white gold and are set with a total of 5,160 calibrated top-quality gems, including diamonds, rubies and sapphires. But what makes the set unique is that each chip is created from a calibrated circular slice from the Muonionalusta meteorite which fell to Earth almost one million years ago.

Stahl, who gained recognition in the global luxury industry in 2004 with The Tailormade Audi project, is an artist, jeweller and gem dealer who creates 'out of the box' luxury projects. He said the idea for the gem-set gaming chips came about after he had crafted a set of dice made from Siberian mammoth ivory, which were successfully auctioned at Sotheby's Hermitage Gala Dinner in London in 2010.

"The creation of the gaming set has been a long process," Ståhl recalled. "However, it was only when I encountered a piece of meteorite from a remote part of northern Sweden called Muonionalusta, that I hit upon the idea of how to make each of the chips truly unique, by integrating in each chip a circular slice of etched meteorite," he said.

"The meteorite crashed into a remote part of northern Sweden, called Muonionalusta, almost one million years ago," Ståhl noted. It's made of iron and nickel, along with some other exotic metals and rare earth minerals. All together these are the main ingredients needed to produce man-made steel - or 'Ståhl' in Swedish. "The appeal and the challenge were too exciting to pass up," he said.

"Hong Kong is the right location to auction this unique set," Ståhl said. "There's a collector out there who is going to buy this set, knowing that this piece is a sure bet and not a gamble."

STÅHL - Bespoke Jewels, Showroom Stockholm: appointment only

Phone: +46 8 661 01 00 Mail: info@stahlstockholm.com

Sotheby's Brings In New World-Wide Head of Watches

Just in time for the upcoming event:

Important Watches

Hong Kong  | 

October 06 - 06, 2011

Sale: HK0356

Session 1:

06 Oct 2011 10:00 AM

Lots 3501 - 3800

Session 2:

06 Oct 2011 2:00 PM

Lots 3801 - 4020

Sotheby's announces:


TIM BOURNE  
Senior Director, China and Southeast Asia
Worldwide Head of Watches  

An internationally-recognised figure in the auction industry, Tim Bourne joined Sotheby’s as Worldwide Head of its Watches department in 2011, bringing with him over 20 years of experience in the international market.

Based in Hong Kong, Mr. Bourne is responsible for driving the global business strategy of Sotheby’s watch division, overseeing Sotheby’s Asia’s watch auctions in addition to those in Geneva, New York and London.

Mr. Bourne endeavours to encourage “an innovative and forward-thinking team that can capture rapidly-growing market opportunities, as well as the shifting focus of watch auctions worldwide”.  

Chrisites - from Hong Kong to Milan! Luxury is Alive & Well!

“With US$110 million changing hands in two days, we have just concluded our best season for jewellery and watches in Asia. The Imperial Cushions, a magnificent pair of D-colour Golconda diamonds achieved a world record price of US$200,000 per carat and the Asian market continues to grow and position itself as a major centre in the international world of auctions,” said Vickie Sek, Director of the Jewellery and Jadeite Department, Christie’s Asia.


With an 80% sell through Christies Hong Kong posted a new record for Golconda Diamonds ...and they sold some truly amazing lots...a full section of Chanel Jewelry...and offerings from most of the famous houses!

Meanwhile Francesco Alverà, Head of the Jewellery Department at Christie’s Italy, commented on the May 26th Milan Jewels Auction:

“With a total of more than €5 million, Christie's Jewelry auction in Milan achieved one of the highest results ever obtained by the category in Italy, reconfirming the absolute leadership of the auction house in this country. More than 180 different buyers from five continents pursued the sale’s 322 lots, competing vivaciously in the room, on the telephone, and online. The top lot, an important octagonal-cut diamond ring of 12.01 cts, sold to an Italian private collector for €315,800 (€26,294 per carat). Additional strong performers included a magnificent ring with a Ceylon (Sri Lanka) sapphire of 21.17 cts, which sold for €227,600 (€10,751 per carat), as well as a particularly rich section of BVLGARI jewels, and a selection of natural pearls.”

It is abundantly apparent that the luxury market is alive and well!

Christie’s, the world's leading art business had global auction and private sales in 2009 that totaled £2.1 billion/$3.3 billion. Christie’s is a name and place that speaks of extraordinary art, unparalleled service and expertise, as well as international glamour. Founded in 1766 by James Christie, Christie's conducted the greatest auctions of the 18th, 19th and 20th centuries, and today remains a popular showcase for the unique and the beautiful. Christie’s offers over 450 sales annually in over 80 categories, including all areas of fine and decorative arts, jewellery, photographs, collectibles, wine, and more. Prices range from $200 to over $80 million. Christie’s has 53 offices in 32 countries and 10 salerooms around the world including in London, New York, Paris, Geneva, Milan, Amsterdam, Dubai and Hong Kong. More recently, Christie’s has led the market with expanded initiatives in emerging and new markets such as Russia, China, India and the United Arab Emirates, with successful sales and exhibitions in Beijing, Mumbai and Dubai.

Magnificent Jewels & Jadeite Auction Results are up!

While not every lot sold (this is a normal issue at Auction lately), most of the ones that did, sold for the top end of the Auction estimates.


Some for WAY! over the estimate!  Which lead me to ask if people in Hong Kong just loved to spend money?!   How will you ever realize that price if you have to sell the item down the road?


Top sellers were the:


Un-mounted Stones especially the Diamonds...don't you love this photo?  The value of this diamond is equated with that of a luxury sports car!


HIGHLY IMPORTANT UNMOUNTED BRILLIANT-CUT DIAMOND

An unmounted brilliant-cut diamond weighing 25.50 carats.

30,000,000—38,000,000 HKD

Lot Sold.  Hammer Price with Buyer's Premium:  39,860,000 HKD

Jadeite pieces especially the Jadeite Bangles...


AIR OF ICY LAVENDER JADEITE BANGLES
The circular bands of highly translucent soft lavender tone. icy lavendar jadeite

120,000—160,000 HKD  
Lot Sold.  Hammer Price with Buyer's Premium:  1,820,000 HKD

Rare stones did well - I was interested in the sold price of their Covergirl!  This "sugarloaf cab" Ruby ring!


 IMPORTANT RUBY AND DIAMOND RING, BULGARI
Centring on a sugar loaf cabochon ruby weighing 27.67 carats, flanked on each side by a shield-shaped diamond together weighing approximately 3.00 carats, mounted in platinum and 18 karat yellow gold, signed

12,000,000—20,000,000 HKD 

Lot Sold.  Hammer Price with Buyer's Premium:  17,460,000 HKD

...and any piece that showed a phenomena - Cat's Eye Stones went well - but how do you even put a value on a stone with this kind of clarity?


CAT'S-EYE CHRYSOBERYL AND DIAMOND RING
Centring on an oval cabochon cat's-eye chrysoberyl weighing 20.14 carats, to a stylised mount pavé-set with brilliant-cut diamonds extending to the shoulders, mounted in 18 karat yellow gold, photographed unmounted.
680,000—780,000 HKD 
Lot Sold.  Hammer Price with Buyer's Premium:  932,000 HKD






You can check the results for yourself at: 
http://www.sothebys.com/app/live/lot/LotResultsDetailList.jsp?event_id=30602&sale_number=HK0359


There are two sessions - be sure to catch both!