Friday, February 1, 2013

SOTHEBY'S SOLD RM 1.4 BILLION OF JEWELS IN 2012!

KEE@FSWMAG.COM
AT THE RATE SOTHEBY'S WAS SELLING PRECIOUS JEWELS ALL OF LAST YEAR, ANY VISITOR FROM OUTER SPACE WOULD ASSUME EUROPE, AMERICA AND JAPAN WERE BOOMING LIKE NOBODY'S BUSINESS.

All this despite the fact Europe is half-dead from its euro currency problems and USA is still suffering from 8% unemployment!

Only proves what I have been telling everyone all the time---the rich get richer or in the worst case scenario, lose just a few million ringgit!

As for the poor, well, bet they were wishing the world had ended on 21.12.12!

Sotheby’s Worldwide Jewellery Sales
Total $460.5 Million in 2012
HIGHEST TOTAL IN COMPANY HISTORY

Propelled by the success of private collections, exceptional diamonds and gemstones, and historical jewels with noble provenance, Sotheby’s marked its highest-ever total for a year of jewellery sales in 2012, achieving an outstanding $460.5 million*. Highlights of these results include:
- Sotheby’s Geneva set a new world auction record for any various-owner jewellery sale in May at $108.4 million.
This result surpassed the then-record $105 million established by Sotheby’s Geneva in November 2010.

- Across its worldwide salesrooms, Sotheby’s jewellery auctions sold a very strong average of 84% by lot last year

- 72 lots sold for more than $1 million, with six of those lots selling above $5 million
- Sotheby’s saw its highest-ever total for a day of jewellery sales in the Americas, when its December auctions in New York reached $64.8 million

- Sotheby’s annual total of $114.5 million in Hong Kong marked the company’s second-biggest year of jewellery and jadeite sales in Asia

- Throughout 2012, prominent private collections fuelled strong sale results, featuring jewels owned by Brooke Astor, Estée Lauder, Evelyn H. Lauder, Mrs. Charles Wrightsman, Suzanne Belperron, Michael Wellby and more

- Sotheby’s held two rare ‘white glove’ auctions – 100% sold by lot – in 2012: Jewels from the Personal
Collection of Suzanne Belperron in Geneva in May, and The Jewellery Collection of the Late Michael Wellby in London in December

2012 AUCTION HIGHLIGHTS
EUROPE
GENEVA
Lot 555 - Deep blue briolette diamond 10 48 carats - dans fond.jpg
Magnificent and Exceptionally Rare Fancy Deep Blue Diamond Sold for RM 33.8 million
Estimate CHF 3.28/4.2 million**
Sold for CHF 10,274,500 ($10,860,146)
Purchased by Laurence Graff, the 10.48 carat stone established a new world record price per carat
for any deep blue diamond at auction ($1,036,273 per carat) and a world record price for any
briolette diamond at auction.

The Property of the Royal House of Prussia
The Beau Sancy
8925 - Rare Natural Gray Pearl and Diamond Brooch TURNED.jpg
Estimate CHF 1.85/3.65 million. Sold for RM 30 million
Sold for CHF 9,042,500 ($9,699,618)
Sotheby’s sales of Noble Jewels achieved CHF 29.6 million ($34.7 million) in 2012. These
results were led by The Beau Sancy, one of the most important royal diamonds ever to come to
auction. The 34.98 carat modified pear double rose cut diamond had been the privileged witness
of 400 years of European history: passed down through the Royal Families of France, England,
Prussia, and the House of Orange, the celebrated stone was worn by Marie de Medici in 1610 at her coronation as Queen Consort of Henri IV.

Property of a Lady of Title
Lot 594 - Cartier bracelet- 1920s.jpg
Unique and Highly Important Conch Pearl, Enamel and Diamond Bracelet, Cartier, Late-1920s sold for RM  10.8 million
Estimate CHF 750,000/1.3 million
Sold CHF 3,274,500 ($3,461,146)
Another highlight of the jewels with aristocratic provenance was this Cartier bracelet that set a new auction record for a conch pearl jewel. Formerly in the personal collection of Queen Victoria Eugenia of Spain (1887-1969) – the grandmother of Juan Carlos, the present King – this bracelet was one of the most important jewels created by Cartier in the inter-war period.

LONDON
In London in December, the Jewellery Collection of the Late Michael Wellby was 100% sold by lot, bringing an exceptional total of £3,487,676 ($5,606,090) – more than three times the pre-sale low estimate of £838,600-1,194,100.

NEW YORK
Property from the Estate of Brooke Astor
8925 - Rare Natural Gray Pearl and Diamond Brooch TURNED.jpg
Important Platinum, Emerald and Diamond Ring sold for RM 3.7 million
Estimate $100/150,000
Sold for $1,202,500
Sotheby’s September auction of Property from the Estate of Brooke Astor featured a selection of
jewels from Mrs. Astor’s personal collection. All 64 lots were sold, totalling an impressive $5.7
million – multiples above their $2 million high estimate – led by this modified emerald-cut emerald
weighing 22.84 carats that Vincent Astor gave to her as their engagement ring.

Property from the Collection of Evelyn H. Lauder,
Sold to benefit The Breast Cancer Research Foundation
8925 - Rare Natural Gray Pearl and Diamond Brooch TURNED.jpg
Magnificent Fancy Intense Pink Diamond and Diamond Ring, Oscar Heyman & Brothers sold for RM 27 million
Estimate $4/5 million
Sold for $8,594,500
Sotheby’s December auctions concluded with a selection of jewels from the collections of Estée
Lauder and Evelyn H. Lauder, sold to benefit The Breast Cancer Research Foundation founded
by Evelyn Lauder in 1993. The collections together sold for a remarkable $22,248,250 – well above their overall high estimate of $18 million – with the top lot this 6.54 carat, Internally Flawless pink diamond ring.

Magnificent Jewels from the Collection of Mrs. Charles Wrightsman
8925 - Rare Natural Gray Pearl and Diamond Brooch TURNED.jpg
Rare Natural Gray Pearl and Diamond Brooch sold for RM 5.9 million
Estimate $400/600,000
Sold for $1,874,500
The December sales in New York also included the much-anticipated auction of jewels from the
collection of philanthropist and arts patron Mrs. Charles Wrightsman, which totalled
$15,541,188 – well in excess of its $9 million high estimate – and sold a very strong 95.2% by lot. Among the top lots was this brooch that set a new auction record for a natural gray pearl.

HONG KONG
8925 - Rare Natural Gray Pearl and Diamond Brooch TURNED.jpg
Highly Important and Very Rare Fancy Vivid Blue Diamond and Diamond Ring sold for RM 40 million
Estimate HK$90/110 million
Sold for HK$99,220,000 (US$12,720,000)
Centering a square emerald-cut fancy vivid blue diamond weighing 8.01 carats, this ring
brought the second-highest price per carat for any fancy vivid blue diamond at auction –
eclipsed only by a 6.01-carat fancy vivid blue diamond and diamond ring sold at Sotheby’s
Hong Kong in October 2011 for US$1,686,505 per carat.

1-Lot1890-DIF Riviere Diamond Necklace_88 88.jpg
Superb Diamond Necklace sold for RM 16 million
Estimate HK$35/50 million
Sold for HK$39,860,000 (US$5,100,000)
Designed by Nirav Modi, the necklace is composed of 36 graduated brilliant-cut
diamonds ranging from 1.25 to 6.19 carats, each spaced by a smaller brilliant-cut
diamond, the diamonds together weighing 88.88 carats.

3-Lot1889-9 08-Carat Pigeons Blood Burmese Ruby And Diamond Ring.jpg
Very Important and Rare Ruby and Diamond Ring sold for RM 10.6 million
Cartier, New York, circa 1956
Estimate HK$24/32 million
Sold for HK$25,860,000 (US$3,340,000)
In addition to exceptional diamonds, the Asian market has remained strong for top-quality
Burmese rubies, with this 9.08-carat pigeon’s blood Burmese ruby achieving the highest price in
2012 for a coloured gemstone at Sotheby’s in Asia.