RESULTS | Christie's achieves record price for a Jewel sold in an online auction, 30 June 2020
New York – Christie’s Jewels Online (June 16-30) totaled $4,164,500, with 100% sold by value, 93% sold by lot, achieving 140% hammer above low estimate, and 64% of lots selling at or above their high estimate. Estimated at $1-2m, the 28.86 Carat, D Color Diamond was the highest valued lot ever offered in a Christie’s online sale. The impressive stone received bids immediately upon the sale going live on June 16. After a fierce competition of 31 bids, from four countries spanning Asia to America, the exceptional stone sold for $2,115,000, setting the new record for a jewel sold in an online auction.
Overall the online sale received significant global participation with bidders represented from 27 countries and 5 continents. Additionally, there was an unprecedented amount of online engagement across a global spread of 134 countries with a 70% increase of daily visitors to the sale page compared to the online Jewels sale hosted in June 2019. Full sale results can be viewed here.
Rahul Kadakia, International Head of Jewelry at Christie’s, notes, “The spectacular 28.86 carat D color diamond received immediate attention upon its announcement. The stone possesses a transparency and purity which can only be found in the world’s finest diamonds. The sale of this exceptional stone established the record for a jewel sold in an online-only auction, demonstrating greater client confidence in Christie’s digital ability and online sale platform. We now look forward to the beginning of our live auction season for jewelry spanning all major Christie’s global sale sites led by a US$8m Fancy Intense Blue IF Diamond of 12.11 carats offered in Hong Kong on July 9.”
Christie’s Jewels sales calendar for July 2020 includes live and online auctions in Geneva, Hong Kong, London, New York, and Paris. The global sales will collectively feature over 1,000 jewels, including a significant selection of colorless diamonds, colored diamonds, and rare gemstones, along with signed creations by Belperron, Bulgari, Cartier, Graff, Harry Winston, JAR, Tiffany & Co., Van Cleef & Arpels, and Verdura, with estimates ranging from $5,000 to $8m.
JULY 2020 | JEWELS ONLINE AND LIVE AUCTIONS
Christie’s is a name and place that speaks of extraordinary art, unparalleled service and international expertise. Founded in 1766 by James Christie, Christie's has conducted the greatest and most celebrated auctions through the centuries providing a popular showcase for the unique and the beautiful. Christie’s offers around 350 auctions annually in over 80 categories, including all areas of fine and decorative arts, jewellery, photographs, collectibles, wine, and more. Prices range from $200 to over $100 million. Christie’s also has a long and successful history conducting Private Sales for clients and online sales are offered year-round across all categories. Christie’s global presence is spread across a network of international salerooms and 61 representatives and offices. Christies.com provides detailed articles and videos on the objects offered for sale alongside the latest advances in digital viewing tools to make Christie’s accessible to all.
*Please note when quoting estimates above that other fees will apply in addition to the hammer price - see Section D of the Conditions of Sale at the back of the sale catalogue.
*Estimates do not include buyer’s premium. Sales totals are hammer price plus buyer’s premium and are reported net of applicable fees.