Sotheby's Dec 7th Results...$30.4 million!

Sotheby’s jewelry auctions achieved $30.4 million in New York yesterday, 7 December. The day began with the ‘white glove’ sale – 100% sold – of The Elegant John Traina – A Portrait in Style, which more than tripled its pre-sale high estimate of $570,000 in bringing $1,921,755. The following auction of Magnificent Jewels totaled $28,477,500, led by top prices for white diamonds, natural pearls, sapphires and emeralds.

“As has been the case throughout our recent auctions, yesterday’s sales saw persistent demand and strong results for unique and signed jewels,” commented Lisa Hubbard, Co-Chairman of Sotheby’s International Jewelry department, and Gary Schuler, Head of Sotheby’s Jewelry department in New York.

“The one-of-a-kind Platinum and Diamond Sautoir Necklace by Cartier sold for $1,650,500, above a high estimate of $1 million, while exceptional white diamonds and natural pearls brought top prices throughout the day. Though we are disappointed to have not found buyers yesterday for our top two stones amongst the rarified group of collectors at the highest end of our market, the results for the remainder of the sale demonstrate a continued demand for pieces of quality and unique character.”

Auction Results:

Sale N08805 The Elegant John Traina A Portrait in Style   07 DEC 11

Grand Total: $1,921,755 (£1,230,002)                                        Exch Rate: 0.64

Sold by Lot: 100.0%                                                                      Lots Offered: 92

Sold by Value: 100.0%                                                                  Lots Sold/Unsold: 92 / 0

LOT 43
 
PAIR OF 18 KARAT GOLD AND RUBY CUFFLINKS, SCHLUMBERGER FOR TIFFANY & CO., AND RUBY AND DIAMOND STUDS, DAVID WEBB

The cufflinks set with cabochon rubies, signed Tiffany, Schlumberger; the three studs set in the centers with cabochon rubies, accented by small round diamonds, mounted in 18 karat gold, signed Webb.

Complete Catalog of Auction Results click here

Sale N08808 Magnificent Jewels                                                07 DEC 11

Grand Total: $28,477,063 (£18,226,487)                                    Exch Rate: 0.64

Sold by Lot: 66.5%                                                                         Lots Offered: 340

Sold by Value: 45.5%                                                                    Lots Sold/Unsold: 226 / 114

LOT 434

PROPERTY FROM A PROMINENT AMERICAN FAMILY
A MAGNIFICENT PLATINUM AND DIAMOND SAUTOIR NECKLACE WITH LAVALLIERE PENDANT, CARTIER, NEW YORK, 1924

Designed as a series of openwork oval and bell-shaped links set with 13 old European-cut and cushion-shaped diamonds weighing approximately 37.75 carats, centering a larger cushion-shaped diamond weighing approximately 4.65 carats, supporting a lavalliere pendant set with 7 cushion-shaped and old European-cut diamonds weighing approximately 37.05 carats, length 15½ inches, signed Cartier, numbered 2419263; together with a length extender of a later date set with 13 cushion-shaped and old European-cut diamonds weighing approximately 22.30 carats, length 12¼ inches, separated into three segments, the necklace and length extender further set with smaller old mine and single-cut diamonds weighing approximately 18.60 carats.


Complete Catalog of Auction Results click here