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Sotheby’s 2015 Jewelry Auction Sales Hit $571M
Jan 4, 2016 2:17 AM
By Rapaport News
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RAPAPORT... Sotheby’s sold $571.4 million of jewelry at 12 auctions
in 2015, undershooting a
revenue record of $602.5 million in the previous year. The results cannot
be compared with previous periods because they are “not aggregated with the
same exact information,” the auctioneer cautioned in a statement of results
released December 22.
The company sold $300.5 million of jewelry at
its two Magnificent Jewels and Noble Jewels auctions in Geneva, including
$161.7 million at the May event and $138.8 in November, where it
auctioned off the high-profile Blue Moon diamond for $48.5 million.
Revenue from New York was $145.4 million, comprising $9.7 million at an Important Jewels auction in February, $65.1
million at the Magnificent Jewels auction in April, $18.4 million at Important
Jewels in September and $52.2 million at another Magnificent Jewels event in
December.
The company sold $105.4 million of jewelry in three Hong
Kong auctions, including $37.4 million at the Magnificent Jewels & Jadeite
auction in April, $62.7 million at another event with the same name in October
and $5.4 million at Fine Jewels and Jadeite in December.
London
sales came to $20.1 million (GBP 13.2 million) from three Fine Jewels auctions:
$5.2 million in March, $7.6 million in June and $7.3 million in December.
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Tags:
Auctions, Blue Moon, Rapaport News, retail, Sotheby's
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