A MAGNIFICENT DIAMOND RING, Set with a rectangular-cut D color potentially IF diamond of 51.35 carats. Estimate: $5,000,000-7,000,000. Price Realized: $5,567,500
This sale proudly concludes a significant and robust 2016 global jewel auction season, establishing Christie’s as the world’s leading jewelry auctioneer for the 23rd year in a row. Widespread international interest, competitive online bidding and strong prices achieved for colored gemstones and longstanding design houses.
The top lot in the sale was a Magnificent Diamond Ring, which realized $5,567,500.
Strong results were achieved above estimate for jewels from The Collection of Betsy Bloomingdale, which inspired competitive bidding for her most coveted signed pieces, including a Harry Winston diamond cluster necklace, a ruby bead and diamond tassel necklace and a pair of gold and diamond ear pendants, by Van Cleef & Arpels. In total, 12 lots realized over $4,000,000. Property from the Blair Family Collection sold 100% for a total of $1.8m and stellar results were further achieved from property sold on behalf of a Collector in Rancho Santa Fe, the Estate of Sylvia Olnick, and the Estate of Anne Lichtblau.
The 250th Anniversary selection, estimated at $580,000, sold 100% for over $1,000,000 with jewels from the Di Portanova collection (October 2000) and Elizabeth Taylor (December 2011) amongst others.
Rahul Kadakia, Christie’s International Head of Jewelery: “In celebration of Christie’s 250 years in business, we are proud to have sold numerous important estates and magnificent gemstones on the very anniversary of the day when James Christie our Founder sold his first jewel. As the auctioneers of choice for magnificent jewelry we look forward to continuing this legacy for the next 250 years.”
Founded in 1766, Christie’s is a world-leading art and luxury business. Renowned and trusted for its expert live and online auctions, as well as its bespoke private sales, Christie’s offers a full portfolio of global services to its clients, including art appraisal, art financing, international real estate and education. Christie’s has a physical presence in 46 countries, throughout the Americas, Europe, Middle East, and Asia Pacific, with flagship international sales hubs in New York, London, Hong Kong, Paris and Geneva. It also is the only international auction house authorized to hold sales in mainland China (Shanghai).
Christie’s auctions span more than 80 art and luxury categories, at price points ranging from $200 to over $100 million. In recent years, Christie’s has achieved the world record price for an artwork at auction (Leonardo da Vinci’s Salvador Mundi, 2017), for a 20th century artwork (Andy Warhol’s Shot Sage Blue Marilyn, 2022) and for a work by a living artist (Jeff Koons’ Rabbit, 2019). Christie's is also recognised as a reference for prestigious single owner collections, having auctioned 8 of the 10 most important collections in history.
Christie’s Private Sales offers a seamless service for buying and selling art, jewellery and watches outside of the auction calendar, working exclusively with Christie’s specialists at a client’s individual pace.
Recent innovations at Christie’s include the groundbreaking sale of the first NFT for a digital work of art ever offered at a major auction house (Beeple’s Everydays, March 2021), with the unprecedented acceptance of cryptocurrency as a means of payment. As an industry leader in digital innovation, Christie’s also continues to pioneer new technologies that are redefining the business of art, including use of hologram technology to tour life-size 3D objects around the world, and the the creation of viewing and bidding experiences that integrate augmented reality, global livestreaming, buy-now channels, and hybrid sales formats.
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