Friday, May 19, 2017

WORLD'S MOST EXPENSIVE EARRINGS SOLD BY SOTHEBY'S FOR RM 250 MILLION! 1 BLUE AND 1 PINK OF ALMOST SAME SIZES AVERAGING 15 CARATS!

KEE@FSWMAG.COM 


 NEW WORLD RECORD FOR EARRINGS AT AUCTION

THE APOLLO AND ARTEMIS DIAMONDS
SELL FOR A COMBINED TOTAL OF
US$57,425,478 / CHF 57,118,750 / HK$447,169,270
AND ARE RENAMED… 




The Dream of Autumn Leaves
US$15,338,176 /
CHF 15,256,250 / HK$119,437,596

 


The Memory of Autumn Leaves
US$42,087,302 / CHF41,862,500 / HK$327,731,674

 
 





  


IN A SALE THAT ALSO SEES:

AUCTION RECORD FOR A FANCY INTENSE PURPLISH PINK DIAMOND
RECORD PRICE PER CARAT FOR A FANCY INTENSE PURPLISH PINK DIAMOND
7.04 CARAT DIAMOND BY PIAGET
ACHIEVES $13,245,750 / CHF13,175,000 / HK$103,143,979
$1,881,499 PER CARAT

SOTHEBY’S GENEVA SALE OF
MAGNIFICENT JEWELS AND NOBLE JEWELS REALISES
US$ 151,546,458 / CHF 150,737,000 / HK$ 1,180,084,548
WITH STRONG SELL THROUGH RATE OF 90%

16 May 2017: Today at Sotheby’s sale of Magnificent Jewels and Noble Jewels in Geneva, ‘The Apollo and Artemis Diamonds’ became the most valuable earrings ever sold at auction, realising a combined total of US$57,425,478 / CHF 57,118,750 / HK$447,169,270.

The diamonds, which were purchased by the same anonymous buyer, who renamed them ‘The Memory of Autumn Leaves’ (Fancy Vivid Blue diamond) and ‘The Dream of Autumn Leaves’ (Fancy Intense Pink diamond).

Sold separately as individual lots:

The Memory of Autumn Leaves’
Internally Flawless Fancy Vivid Blue diamond weighing 14.54-carats
US$42,087,302 / CHF41,862,500 / HK$327,731,674

The Dream of Autumn Leaves’
Fancy Intense Pink diamond, weighing 16-carats
US$15,338,176 / CHF 15,256,250 / HK$119,437,596

Speaking after the sale, David Bennett, Worldwide Chairman of Sotheby’s International Jewellery Division and Chairman of Switzerland commented: "It has been a privilege for Sotheby's to be entrusted with the superb ‘Apollo Blue’ and ‘Artemis Pink’, which have now been renamed ‘The Memory of Autumn Leaves’ and ‘The Dream of Autumn Leaves’. 

"The results from today’s sale – which saw more than 90 per cent of lots sold and three new world auction records – yet again underline the strong demand for top quality diamonds, gemstones and jewels. I am delighted that the stones will remain together as earrings. This has been a wonderful inaugural jewellery sale at Mandarin Oriental, Geneva which far exceeded expectations, with a total of over $150 million. We are greatly looking forward to the upcoming auction of Fine Jewels at Sotheby’s rue Diday in Geneva on the 1st of June.”
OTHER NOTABLE RESULTS

AUCTION RECORD FOR A FANCY INTENSE PURPLISH PINK DIAMOND
AUCTION RECORD PRICE PER-CARAT FOR A FANCY INTENSE PURPLISH PINK DIAMOND
LOT 371 - A rich and impressive diamond by Piaget weighing 7.04 carats.
Sold for: US$13,245,750 / CHF13,175,000 / HK$103,143,979 (Previous record set in November 1995 -US$6,038,496)
Price per carat: $1,881,499 (Previous record set in April 2015 - US$1,089,792)
(Estimate: US$8million – 12million / CHF 8,030,000 – 12,040,000)

GEMS AND JEWELS FROM A SUPERB PRIVATE COLLECTION (LOT 272 – 326)
A collection of the finest diamonds and gemstones, as well as signed jewels from the most desirable and sought-after Jewellery houses, doubled pre-sale estimates to realise a combined total of US$15,899,550 / CHF 15,814,625 / HK$123,808,982 and achieved an outstanding sell-through rate of 96%.
o   LOT 326: Pear-shaped diamond ring, weighing 32.42 carats by Harry Winston which doubled its low estimate to realise  US$3,330,288 /CHF3,312,500 / HK$ 25,932,784
o   LOT 315: Emerald and diamond ring by Harry Winston achieved five times its estimate selling for  US$929,465 /CHF924,500 / HK$ 7,237,693
o   LOT 318 and 319: Ruby and diamond brooch and ear clips by Van Cleef & Arpels which sold for a combined total of US$477,551 /CHF475,000/ HK$ 3,718,663

RUBY, DIAMOND AND ONYX BRACELET, LACLOCHE (LOT 374)
Rare ruby, onyx and diamond bracelet, circa 1925, soared above estimate to realise US$748,498 / CHF 744,500 / HK$5,828,516.
JADEITE, ONYX, RUBY AND DIAMOND PENDANT/BROOCH, CARTIER, CIRCA 1925 (LOT 362)
Sold for US$ 374,500 / CHF 372,500 / HK$2,916,215 more than double the high estimate. From the ‘golden era’ of Cartier’s production, this pendant/brooch was formerly in the collection of Mona, Countess von Bismarck (1897 – 1983).

SALE OVERVIEW
·         Sell-through rate of 90%
·         3 lots sell for over US$10 million. 5 lots sell for over US$5 million.
·         Two thirds of lots sold above high estimate
·         Pre-sale estimate in the region of: US$100million / CHF 100million


RECORDS SET TONIGHT
LOT
NEW AUCTION RECORD
LOT DETAILS

PREVIOUS RECORD

377+378
Pair of earrings
The Apollo & Artemis Diamonds


World auction record price for a pair of earrings:
Miroir de l’Amour US$17.6m
Christies, Geneva, November 2016

371
Fancy Intense Purplish Pink diamond
Fancy Intense Purplish Pink diamond ring weighing 7.04 carats, Piaget

World auction record price for a Fancy Intense Purplish Pink diamond:
Fancy Intense Purplish Pink Diamond VVS2  weighing 7.37 carats, sold for $ 6,038,496
Sotheby’s Geneva November 1995

371
Price per carat for a Fancy Intense Purplish Pink diamond
Fancy Intense Purplish Pink diamond ring weighing 7.04 carats, Piaget

World auction record price per carat for a Fancy Intense Purplish Pink diamond:
Fancy Intense Purplish Pink VS2
weighing 5.29 carats, sold for $ 5,765,000
Christie’s NY April 2015























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Sotheby’s has been uniting collectors with world-class works of art since 1744. Sotheby’s became the first international auction house when it expanded from London to New York (1955), the first to conduct sales in Hong Kong (1973), India (1992) and France (2001), and the first international fine art auction house in China (2012). Today, Sotheby’s presents auctions in 10 different salesrooms, including New York, London, Hong Kong and Paris, and Sotheby’s BidNow program allows visitors to view all auctions live online and place bids from anywhere in the world. Sotheby’s offers collectors the resources of Sotheby’s Financial Services, the world’s only full-service art financing company, as well as the collection advisory services of its subsidiary, Art Agency, Partners.  Sotheby’s presents private sale opportunities in more than 70 categories, including S|2, the gallery arm of Sotheby's Global Fine Art Division, and two retail businesses, Sotheby’s Diamonds and Sotheby’s Wine. Sotheby’s has a global network of 80 offices in 40 countries and is the oldest company listed on the New York Stock Exchange (BID).
*Estimates do not include buyer’s premium. Prices achieved include the hammer price plus buyer’s premium and are net of any fees paid to the purchaser where the purchaser provided an irrevocable bid.


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