Advanced Search

Sotheby’s London Sale Rakes In $6.8M

Nov 27, 2019 10:09 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... Sotheby’s brought in GBP 5.3 million ($6.8 million) from its Fine Jewels sale in London on Tuesday, with many items going for well above their high estimates.

The top lot, a necklace by Van Cleef & Arpels featuring a detachable rectangular cushion-shaped, 18.22-carat emerald center stone, surrounded by pear-shaped and brilliant-cut diamonds, sold for $402,375, beating its high estimate of $354,090.

A late-19th-century Hunt & Roskell necklace — set with an oval, 11.8-carat sapphire, diamonds, and a detachable pendant containing a 6.4-carat, pear-shaped sapphire — went for $321,900, more than triple its high estimate of $103,008.

A number of other items also smashed their high valuations, including a pair of Cartier onyx and diamond earrings from 1925. Those brought in $281,663, nearly four-and-a-half times their $64,380 presale estimate. A cushion-shaped, 18.47-carat sapphire ring, flanked by diamonds, fetched $209,235, above its $193,140 high estimate.

Emeralds also proved popular, with a Van Cleef & Arpels 8.34-carat emerald ring selling for $152,903 against a high estimate of $70,818, and an emerald pendant necklace by Hemmerle going for $144,855, nearly six times its $25,752 high valuation.

The Hemmerle items, the largest collection of the designer’s pieces to come to auction, all left their high estimates in the dust. Those included a pair of cameo earrings, which sold for $88,523, more than double the $38,628 expected valuation, and tourmaline and green sapphire earrings, which blasted their $11,588 high valuation to fetch $64,380.

Image: The Van Cleef & Arpels emerald and diamond necklace. (Sotheby’s)
Tags: Cartier, Fine jewels, Hemmerle, Hunt & Roskell, Rapaport News, Sotheby’s, Van Cleef & Arpels
Similar Articles
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2021 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
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.