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Top Lot Fails to Sell Again at Sotheby’s
Oct 6, 2016 8:22 AM
By Rapaport News
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RAPAPORT... Sotheby’s failed to sell its top item at the Magnificent
Jewels & Jadeite auction in Hong Kong, two weeks after the headline lot in New
York met the same fate.
A jadeite bangle estimated at $6.4 million (HKD 50 million)
to $9 million did not find a buyer at the sale October 4. Sotheby’s Important
Jewels auction in New York last month also saw the lead item, an oval,
27.35-carat, D-color, VS2-clarity diamond and platinum ring, fail
to hit its reserve price.
The most expensive item to sell in Hong Kong was a ring
featuring a 5.07-carat ruby surrounded by four pear-shaped diamonds that
weighed a combined 7.56 carats. It fetched $1.9 million, falling at the lower
end of its estimate of $1.9 million to $2.3 million.
Total sales at the auction were $24.8 million.
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Tags:
Auctions, Hong Kong, Jadeite, Magnificent Jewels and Jadeite, new york, Rapaport News, Sotheby’s
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