Sotheby's Results / Important Jewels Bring $10.5 Million in NY - Record February Total Our Coverage Sponsored by Stribling and Associates
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Today’s auction of Important Jewels at Sotheby’s New York concluded this evening with a total of $10,535,821, marking the third consecutive record total for a February sale of jewelry at Sotheby’s.
“We are very pleased to have achieved another top result for our February sales in New York,” commented Gary Schuler, Head of Sotheby’s Jewelry department in New York. “Today’s auction demonstrated the market’s continued appetite for exceptional diamonds, led by two stones signed by Tiffany & Co.: a 6.46 carat diamond ring that more than tripled its high estimate on its way to selling for $560,500, and a ring centered by a Fancy Vivid Purplish Pink diamond weighing .51 carat that brought more than four times its high estimate in achieving $338,500. Our top lots also featured the beautiful platinum and diamond bow brooch by Van Cleef & Arpels that closed the sale, bringing $332,500 above a high estimate of $100,000.”
Lisa Hubbard, Chairman, North & South America, Sotheby’s International Jewelry Division, said: “We again were honored to present a selection jewels from the collections of Estée Lauder and Evelyn H. Lauder in today’s sale, sold to benefit The Breast Cancer Research Foundation® that Evelyn founded in 1993. The pieces on offer today exceeded their overall high estimate, and join the jewels sold last December for a combined total of $22.8 million.”
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Sotheby’s was founded in London on March 11, 1744, when Samuel Baker auctioned “several Hundred scarce and valuable books” from the library of the Rt Hon Sir John Stanley for a few hundred pounds. The story of Sotheby’s expansion beyond books to include the best in fine and decorative arts and jewellery is also the story of the global auction market, defined by extraordinary moments that continue to capture the world’s attention.
Since 1744, Sotheby’s has distinguished itself as a leader in the auction world. Our auctions, conducted in the venerable salerooms in London and Paris, the museum-quality galleries of our headquarters in New York and the spirited environs of Hong Kong rivet audiences worldwide. Season after season, the depth and excellence of Sotheby’s offerings have produced watershed, record-breaking sales. Sotheby’s has been entrusted with the sale of many of the world's treasures, amongst them: Napoleon’s St Helena library, the Duchess of Windsor’s jewels, the Estate of Mrs Jacqueline Kennedy Onassis, Rembrandt’s Aristotle Contemplating the Bust of Homer, Rubens’ Massacre of the Innocents, Picasso’s Garçon à la Pipe, Bacon’s Triptych, 1976, The Grand Ducal Collections of Baden, the Qianlong Yellow-Ground Famille-Rose Double-Gourd Vase, the 5,000-year-old Guennol Lioness, Giacometti’s L’Homme Qui Marche I, the Magna Carta, the first printing of the Declaration of Independence and The Martin Luther King Jr Collection.
Sotheby’s has long recognised that great works of art, as well as the collectors interested in consigning and acquiring them, inhabit the global sphere. We were the first international auction house to expand from London to New York in 1955, and the first to conduct sales in Hong Kong and the then–Soviet Union. Today we maintain 90 locations in 40 countries and we conduct 250 auctions each year in over 70 categories. In addition to our four principal salerooms, the company, recognising the potential in new markets, also conducts auctions in six other salerooms around the world, further expanding our global reach. Through BidNow, clients can also watch all Sotheby’s auctions live online and place bids in real time, from anywhere in the world. And through the ever-enriching content on Sothebys.com, the oldest publicly traded company on the New York Stock Exchange (BID) continues to be fresh and current, while always mindful of its historic roots.
An unwavering commitment to the very highest level of quality remains the goal of one of the most storied names on the global business stage.
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