It failed to sell! The lead item, the 27 carat oval diamond in Sotheby’s sale last Thursday failed to sell! Why? I think the $2.5 estimate was just too high. By my calculations 67 lots out of 220 lots listed failed to sell. Either the estimates were too high or the reserves were too high. Yikes! That means a 1/4 of the sale failed to sell.
That said, several of the items I listed from my last post did sell. See their selling prices below. Some big surprises!
Lot 192 – A Magnificent Platinum and Diamond Ring. Pre-sale estimate $2,000,000-$2,500,000. IT DID NOT SELL!
Lot 219 – A Sapphire and Diamond Ring by Bulgari. Pre-sale estimate $250,000-$350,000. Sold for $706,000.
This sold because of the rarity!
The auction will feature rare and historically important designs from renowned Art Nouveau designer René Lalique, who collaborated with actress Sarah Bernhardt to create two serpent-form jewels for her role as Empress Theodora. The ring is centered with the face of Medusa in greenish-blue glass, with blue and green enamel scales applied to the snake surrounding the face.Lot 151, An 18 Karat Gold, Molded Glass and Enamel Ring by René Lalique, circa 1900. Pre-sale estimate $15,000-$20,000. Sold for $$322,000.This sold because it is magnificent!
Lot 191 – A Platinum, Moonstone, Lapis Lazuli and Diamond Necklace by Tiffany & Co., Designed by Louis Comfort Tiffany. Pre-sale estimate $20,000-$30,000. Sold for $112,500.
This sold because it is extraordinary and highly collectible.
Lot 218 – An 18 Karat Gold, Sapphire and Diamond Pendant/Necklace with Earclips by Van Cleef & Arpels. Pre-sale estimate $150,000-$200,000. Sold for $340.000.Lot 69 – An 18 Karat Gold, Amethyst, Coral and Diamond ‘Les Delices de Goa’ Necklace by Cartier. Pre-sale estimate $25,000-$35,000. Sold for $32,500. No surprise here as you can find these in the marketplace, although I love the necklace!Thanks for following along!ttfn,