21 Sep 2019
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Sotheby’s Leads The Global Auction Market For Jewellery As Worldwide Sales Total $ 551.3 Million In 2017
32 per cent of buyers were new to Sotheby’s; 23 per cent of lots were purchased online
By: Diamond World News Service
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Dec 16 2017 2:51PM
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Reference: 15914  

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GE1709- The Memory of Autumn Leaves & The Dream of Autumn Leaves - 16 May 2017
GE1709- The Memory of Autumn Leaves & The Dream of Autumn Leaves - 16 May 2017

With worldwide sales for the year totalling $551,300,000, Sotheby’s Jewellery division is proud to lead the global auction market in this category. As well as strong results for coloured gemstones and signed jewels, major highlights from 2017 include a world auction record for any diamond or gemstone, with “The CTF Pink Star” ($71.2m, Hong Kong, 4 April) and a world auction record for earrings, with “The Memory of Autumn Leaves” and “The Dream of Autumn Leaves” ($57.4m, Geneva, 15 May).

“2017 has been an exceptionally successful year for Jewellery at Sotheby’s, with all four selling centres – Geneva, New York, Hong Kong and London - performing very well. Innovations this year have included the scaling up of our online-only sales, as well as our very successful new Fine Jewels auctions in Geneva, which totalled $8.9 million. We were also very pleased to celebrate the tenth anniversary of our dedicated sales of Noble Jewels in Geneva.”  David Bnnett, Worldwide Chairman, Sotheby’s Jewellery Division.

Sotheby’s final Jewellery sale of the year was held in Geneva on 14 December and totalled CHF 3,551,251 ($3,603,064). Among the highlights of the second Fine Jewels sale of the year in Geneva was a superb 3.39-carat Colombian emerald, mounted as a ring by Meister, which far exceeded the pre-sale estimate to sell for CHF 118,750 ($120,483) (estimate CHF 50,000 – 70,000 / $50,000 – 70,000).

A diamond ring weighing 5.83 carats also stood out this evening, achieving close to four times the pre-sale estimate, reaching a final price of CHF 56,350 ($ 57,071) (estimate CHF 12,000-18,000 / $12,100 – 18,100).

Earlier in the week, Sotheby’s London Fine Jewels sale on 12 December totalled £4,167,625 ($5,562,946) and was led by an important diamond necklace, Van Cleef & Arpels, 1950s which soared to £489,000 ($652,717), well above estimate (£270,000 - 320,000).

Strong prices were also achieved for 10.13-carat diamond ring, Harry Winston which fetched £112,500 ($150,165USD), four times the low estimate (est.25,000 - 30,000) and a pair of natural black and pink pearl and diamond rings, André Vassort which sold for £100,000 ($133,480) (est. £6,000 - 8,000).

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