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Sotheby’s Jewels Sale Achieves $9M

Feb 3, 2011 2:07 PM   By Denise Romano
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RAPAPORT... Sotheby’s Important Jewels auction in New York yesterday achieved $8,897,278 against a presales range of $6.8 million to $9.4 million. It was the highest total for a February auction at Sotheby’s New York, with 79.1 percent sold by lot and 82.7 percent sold by value.

The top lot was a 15.98-carat platinum and emerald-cut diamond ring from Harry Winston, which achieved $662,500.  Coming in second place was a 3.52-carat platinum and round diamond ring, which sold for $290,500 and a third highlight was a Harry Winston 5.7-carat platinum and emerald-cut diamond ring, which sold for $242,500.

Gary Schuler, head of Sotheby’s jewelry department in New York, said, “We are delighted with the success of today’s sale, which demonstrated the continued strength of the market for jewelry. The auction saw particularly solid results for white diamonds, led by the Platinum and Diamond Ring from Harry Winston that brought $662,500, well in excess of its presale high estimate.”

He added, “We saw bidding from a truly international audience, with many clients embracing participation through our online BidNow program, adding an exciting new element to our salesroom. Sotheby’s jewelry sales in New York are off to a great start in 2011, and we now look forward to our auction of Magnificent Jewels on April 14.”
Tags: Denise Romano, Sightholders
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