RESULTS: The Metropolitan Opera Guild Collection New York Totals $2,714,063 | 82% Sold By Lot
New York–The Metropolitan Opera Guild Collection, totaled $2,714,063 with 82% sold by lot. The collection was offered across two Christie’s New York sales, a dedicated auction of rare musical manuscripts and memorabilia on June 15, 2017, and two exquisite pieces of jewelry sold in the Magnificent Jewels auction on June 20, 2017. The auctions witnessed active online participation and there was global bidding with registrants across five continents. Prior to the auction, highlights from the collection were exhibited during a global tour in London and Hong Kong before coming to New York. Funds from the sale will benefit the Opera Guild and the Metropolitan Opera.
The top lot of the collection was An Exquisite Coral, Diamond and Pearl Tiara, by Cartier, which sold for $775,500, nearly four times the low estimate. Strong results were achieved for the dedicated auction, The Metropolitan Opera Guild Collection, which totaled $1,463,063, with 81% sold by lot. The top lot of the manuscript material was Franz Schubert (1797-1828), Autograph Music Manuscript for the Piano Sonata in A flat major, D.577, May 1817, which sold for $475,500, the highest price paid for Schubert at auction in over 20 years.
Brook Hazelton, President of Christie’s Americas: “Christie’s was honored to be entrusted with this special collection from one of the world’s preeminent musical institutions. Clients across the globe were eager to take part in this unprecedented opportunity to acquire items with such significant historical provenance.”
Richard J. Miller Jr., President of the Metropolitan Opera Guild: "We are pleased by the positive response and global interest surrounding the Metropolitan Opera, especially at the time of two important milestones in 2016/7: the 60th anniversary of the death of Edwin Franko Goldman and the 50th anniversary of the Met Opera at Lincoln Center. The remarkable results generated at Christie’s will ensure the Guild and the Metropolitan Opera are poised to continue fulfilling their respective missions for years to come.”
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