Best Jewelry and Watch Results at Sotheby's Paris for Seven Years
October 12, 25
(IDEX Online) - Sotheby's sales of fine jewelry and watches in Paris raised over $10.9m (EUR 9.3m) last week - the best results for the twin events since 2018.
It was the fourth consecutive white glove sale - an auction in which no lot is left unsold - for fine watches, and nearly half the 269 jewelry lots exceeded their pre-auction high estimates.
Sotheby's said the results demonstrated "continued strength in the market" and confirmed the strong and growing position of its jewelry department on the international stage.
Notable highlights included a 10.68-carat Kashmir sapphire and diamond ring that sold for $761,000 (EUR 698,500) - more than twice its high estimate -and a Burmese sapphire and diamond Cartier ring with an 18.25-carat sapphire that realized $609,000 (EUR 558,800).
Two lots sold for more than five times their high estimates - a diamond pendant that fetched $45,400 / EUR 43,000 (estimate $6,300 to $8,400 / EUR 6,000 to 8,000) and a pair of de Grisogono black and white diamond earrings that sold for $40,000 / EUR 38,000 (estimate $5,300-$7,400 / EUR 5,000 to 7,000).
A Cartier yellow gold wristwatch with bracelet gifted to Joseph Losey, the American film and theater director, by his close friend Elizabeth Taylor and accompanied by an unsigned cigar box gifted by another friend the famous French actor Alain Delon, circa 1967, sold for $111,000 (EUR 95,250).
Pic shows the 10.68-carat Kashmir sapphire and diamond and diamond Cartier ring with an 18.25-carat sapphire.