Prospective purchasers are advised that several countries prohibit the importation of property containing materials from endangered species, including but not limited to coral, ivory and tortoiseshell. Accordingly, prospective purchasers should familiarize themselves with relevant customs regulations prior to bidding if they intend to import this lot into another country.
PROPERTY FORMERLY FROM THE HUTTON FAMILY
An American success story, E. F. Hutton & Co. was a stock brokerage firm founded in 1904 by Edward Francis Hutton, his brother Franklyn Laws Hutton and Gerald M. Loeb. Together, they formed one of the most prestigious companies in U.S. history and in turn, the Hutton family caught the public's attention due to their wealth, glamour and power.
Franklyn Laws Hutton (lot 94) married Edna Woolworth, one of three daughters of Frank W. Woolworth, founder of the Woolworth department store chain, and Barbara, their only child, was born on November 14, 1912. When Barbara was only five years old, her mother died and her father later married Irene Curley Bodde (lot 93).
Upon the death of her mother in 1918, Barbara (lots 90 - 92) received a fortune totalling $10 million dollars. This vast sum had come from her grandfather, the five-and-ten cent store pioneer who created an empire that, by 1939, had grown to 2,021 stores in the United States, with additional stores in Mexico, Great Britain, France and Germany. Hutton's father, through judicious management, multiplied this inheritance fivefold by the time she came of age and at 21 years old, she became one of the richest women in the world.
Barbara Hutton expressed a passion for jewelry at an early age, a fact made quickly apparent to her father. At sixteen, when he offered her the choice of any ruby ring at Cartier's, she selected the most expensive one valued at $50,000. Hutton had an exceptional collection of jewelry of which the author, Philip van Rensselaer, wrote: "Barbara's amazing collection of jewelry was spread out over the ivory lace coverlet... These emeralds, sapphires, rubies and pearls were gemstones with historical backgrounds."
One such exceptional jewel belonging to Ms. Hutton was offered in Christie's Geneva salesroom on November 16, 1999-an historic single-strand natural pearl necklace. Reputed to have belonged to Marie Antoinette, the strand of forty-one natural pearls, measuring from approximately 8.50 to 16.35 mm, achieved a then record price of $1.5 million. It was sold by Cartier in June 1933 to Franklyn Laws Hutton as a gift on the occasion of his daughter's marriage to Prince Alexis Mdivani. It was rumored, at the time, to have cost $1million. Ms. Hutton was often photographed wearing this rare necklace and considered it her favorite jewel.
Ms. Hutton was also particularly fond of green stones and her taste in jade was developed by A.L Gump, the owner of the famous San Francisco store specializing in Asian artifacts. C. David Heyman writes, "he would give Barbara impromptu lectures on what to look for in jade, how to appraise jewelry by touch rather than sight." Her father gave her a 'costly Jade necklace', with a special clasp, valued at Cartier's for $50,000 in 1933. She chose to wear this necklace on her 21st birthday, the day she inherited her vast fortune of nearly $50 million. This necklace, of twenty-seven very large brilliant green beads, was offered by Christie's Hong Kong on October 31, 1994 and sold for an astounding $4.2 million dollars.
Personal effects of this important American dynasty, these exquisite gem-set frames, along with their beautifully executed portraits, are a testament to the Hutton family's appreciation and understanding of fine objects.