News

Advanced Search

Sotheby’s New York Jewels Sale Tops $10M

Feb 10, 2012 2:20 AM   By Dilipp S Nag
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... Sotheby’s New York sale of important jewels generated $10,258,501 and was 84.2 percent sold by lot and 88.1 percent sold by value. This was the highest total for a February auction of jewelry at Sotheby’s New York, exceeding the record of $8.9 million set in 2011, the auction house noted.

''We are very pleased with the results of Sotheby’s first jewelry auction of 2012, and the strong indications that the market has given for the coming year,'' said Lisa Hubbard, co-chairman of Sotheby’s International Jewelry department.

Rounding out the top three lots, a 5-carat, VS1,  heart-shaped, fancy orangy-pink diamond pendant necklace  achieved $632,500, or $126,500 per carat. A 17.73-carat, J, VS1, modified cushion-shaped diamond ring sold for $446,500 or $25,183 per carat. A 7.22-carat, G, internally flawless, emerald-cut diamond ring sold for $362,500.  Art Nouveau pieces by René Lalique and Georges Fouquet demonstrated a strong demand for unique designs, with all six selling for a combined $749,000, which was well above the high estimate of $435,000.

Given this record February sale in New York, Sotheby’s stated that it is looking forward to the auction of Magnificent Jewels in April.
Tags: auction, diamond, Dilipp S Nag, Important Jewels, new york, Sotheby’s
Similar Articles
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2019 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.