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Sapphire Necklace Sells for $15M at Christie’s
Nov 27, 2018 10:32 AM
By Rapaport News
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RAPAPORT... A rare sapphire necklace was the top seller at Christie’s Magnificent Jewels auction in Hong Kong, which garnered about $60 million in total on Tuesday.
The Peacock Necklace, which had a presale estimate of $12
million to $15 million, became the most expensive Kashmir sapphire necklace per
carat in auction history, Christie’s said. The piece contains 21 cushion-cut
Kashmir sapphires weighing a total of 109.08 carats. It fetched $15 million at the sale, achieving a price of $137,146 per carat.
Christie’s also garnered $1.3 million from the sale of the 24.04-carat,
fancy-yellow Moon of Baroda pendant, which Marilyn Monroe wore to the premiere
of her 1953 movie, Gentlemen Prefer Blondes. The piece smashed its
estimate of $500,000 to $750,000. An autographed photo of the actress wearing
the necklace fetched $35,302, compared with its original estimate of $10,000 to
$15,000.
An oval-shaped, 10.04-carat, Burmese pigeon’s blood ruby and
diamond ring brought in $7.2 million in line with an expected $6.9 million to
$8.7 million. A set of pear brilliant-cut, fancy-pink earrings weighing 5.21
carats and 5.01 carats sold for $4.3 million, within its presale valuation range of $3.8 million to
$4.5 million .
Christie’s sold 70% of lots on offer at the auction.
Image: The Peacock Necklace. (Christie’s)
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Tags:
Christie’s, Christie’s Hong Kong, Gentlemen Prefer Blondes, Magnificent Jewels auction, Marilyn Monroe, Moon of Baroda, Peacock Necklace, Rapaport News
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