The pieces are there. Only 1-2% of mined diamonds receive this classification. Christie’s sold 34% of its lots in Asia, compared with 33% to Americans and 33% to Europeans, Middle Easterners and Africans. In addition, the postponement to mid-July of the sale scheduled for the end of May in Hong Kong, shifted the search for works to the months of April to June, in full confinement there“. Estimate: $4,447 - $6,671. The geometric designed jewel is set with circular-and rose-cut diamonds that support a detachable pendant swing-set with an 8.39-carat rose diamond within a frame of diamonds. Sotheby's has had to catch up on its rival Christie's, which has been playing at the luxury game since the early 2010s. One of the important noble jewels on offer is a Colombian emerald and diamond parure, circa 1770, with a well-documented provenance (top photo). Despite the impossibility of holding indoor auctions for almost nine months, the auction specialists’ 2020 balance sheet is satisfactory. Although Christie’s clocked up more auction sales than Sotheby’s, $6.5 billion against $6 billion (the rest comes from private sales they broker), the two firms have broadly similar overheads. These are hard conditions because even if you want to do a full viewing it is impossible to do so.”. Its estimate is $1.6 million - $2.6 million. A velvet black ribbon completes the elaborate gem. ISG Luxury Management Webinar: What to remember about Chantal Thomass’ presentation! Sotheby’s Magnificent and Noble Jewels, November 11, 6:30 p.m. (12:30 p.m. EST). The next lot has received interest: a brooch by Graff centered with an “exceptional” 107.46 carat fancy yellow round-cornered square brilliant-cut diamond with VS2 clarity (sixth photo). On Sunday, Alexandris added that Sotheby’s is able to accommodate more buyers by creating separate areas he describes as “small boxes.” The auction house is booking appointments for one- and -two-hour intervals, he added. Study: Faced with the different appellations of diamonds, how do consumers find their way around? Sotheby’s, Christie’s, Phillips and the other English auction houses have invented and refined these rules over two centuries, and they are now common in many other parts of the world. It’s unclear whether these are brooches, earrings or have other uses. Sotheby’s is one of two major art auction houses, and it carries one of the most recognizable and valuable brand names in the world. Its estimate is $1.7 million - $2.7 million. They will accept absentee bids prior to the auction along with bids by phone and the Internet during the live sale. Read also > PARIS STOCK EXCHANGE: LUXURY AND COSMETICS STOCKS BOOSTED BY THE PROSPECTS OF AN AGREEMENT BETWEEN THE EUROPEAN UNION AND CHINA. In 1955, it became the first international auction house after establishing itself in New York. Colombian emerald and diamond parure, circa 1770, offered by Sotheby's. This winter’s big accessory trend and must-have: fashion is rehabilitating the glove! Estimate: $2.6 million - $3.6 million. Patrick Drahi, owner of Sotheby’s, and François Pinault, with his house Christie’s, are the first to regain the upper hand this year, with more than $5 billion in sales for the American company (down 16% compared to 2019), compared to $4.4 billion for the British company (down 25%). Alexandris says while these restrictions are unavoidable, it makes it difficult for him and other jewelry trade professionals to do their jobs because they need a full day at each auction house to see all of the jewels. Luxury car: Tesla reaches half a million sales in 2020! Sotheby’s and Christie’s enjoy an auction house monopoly, or more accurately a duopoly, in these signature categories, with a renascent Phillips hard on their heels in recent years. The number two lot is a platinum and gold ring featuring a 28.88-carat, VVS2, fancy vivid yellow rectangular step-cut diamond (fourth photo) with an estimate of $2.6 million - $3.6 million. It features carved ruby leaves, carved emeralds, onyx beads, single and old-cut diamonds. Christopher Mason, author of The Art of the Steal: Inside the Sotheby's–Christie's Auction House Scandal, thinks billionaire Albert Taubman got a raw deal when he was sent to jail for price-fixing t It’s attached to a white gold brooch in a circular flower motif lined with round and baguette-cut diamonds. The top lot for the Geneva jewelry sales is a 14.83-carat fancy vivid purple-pink internally flawless diamond named “The Spirit of the Rose,” named after a celebrated Russian ballet, being offered by Sotheby’s. She is the daughter of Jules Porgès, a French diamond pioneer who founded the Compagnie française de diamants du cap de Bonne-Espérance in the late 19th century. Private sales, online … In a previous life I was an award-winning daily newspaper reporter who moved to business and trade magazines and who now specializes in high jewelry and watches for. Get notified about exclusive offers every week! ... [+] Estimate: $22,235 - $33,353. Ce dernier attire tout particulièrement l’attention de ses lecteurs sur l’ensemble des acteurs majeurs de ces secteurs qui y partagent leurs expériences, visions et savoir-faire. The auction houses’ attempts to reach out to collectors also paid off: 24pc of all buyers in the first half of 2014 were new to Christie’s and 26pc new to Sotheby’s. It’s also a type IIa diamond, the most chemically pure. Ioannis Alexandris of Gemolithos, a Germany- and Hong Kong-based firm that specializes in vintage jewels and rare gems, was in Geneva just prior to the lockdown measures and was able to see all of the jewels and gems for both sales. Christie's and Sotheby's have rich histories. Auction location and estimates. Its estimate is $2.7 million - $3.8 million. Estimate: $2.6 million - $3.6 million, Henriette Hélène Porgès, the Marquise de la Ferté-Meun. Its estimate is $400,000 - $500,000. * An earrings and ring set by David Webb featuring cabochon corals and circular-cut diamonds mounted on platinum and gold with an estimate of $5,559 - $7,782; A Cartier lapis lazuli bead bracelet offered by Christie's. A federal jury in the United States has indicted the former chairmen of the world's two largest auction houses, Sotheby's and Christies, on charges of overcharging its customers. The acquisition also means that the world’s two leading auction houses are now in the private ownership of French billionaires, with Christie’s auction house bought by the Pinault family in 1998. offered by Christie's. Estimate: $700,000 - $1 ... [+] million. Christie’s, Phillips, and Sotheby’s together saw a 79 percent decline in revenue for the second quarter of 2020 when compared to 2019, according to a new report from London art market analytics firm Pi-eX, as reported by Art Market Monitor . “Employees will each have their own desk and take client bids over the phones,” the Christie’s spokesperson said. Estimate: $222,354 - $333,531. It’s something I take with me while traveling the world and writing about the finer things in life. This deal places the last major auction house still publicly traded back into private hands, after just over three decades of Sotheby’s being publicly traded on the New York Stock Exchange. He remains in Geneva as travel in and out of the country is difficult. This includes the jewelry sales being held by Christie’s and Sotheby’s. What challenges await Chloé’s new artistic director? Both auction houses are well-known for dealing in goods with the rich and the powerful. In a previous life I was an award-winning daily newspaper reporter who moved to business and trade magazines and who now specializes in high jewelry and watches for publications around the world. The next two lots feature colored gems. * A gold and diamond necklace and earrings set by David Webb with an estimate of $8,894 - $13,341; David Webb coral earrings and ring offered by Christie's. The auction also features a selection of historic and modern jewels from all periods and from iconic jewelry houses such as Boivin, Boucheron, JAR and Van Cleef & Arpels, including a curated group of jewels from the 1970s. As the global coronavirus pandemic entered its second act (or third but who’s counting), auction houses had to adjust their plans on how they will hold their upcoming auctions in Geneva. Sales in 2015 totalled £4.8 billion (US$7.4 billion). Alone sold for more than $ 25 million at auction, compared with nine last year s T... 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