Auction Advice: Jewelry

According to Phillips’ CEO Michael McGinnis, classic jewelry will never go out of style.

Class outsells crass. A 10.7 mm pearl necklace estimated by Christie’s to sell for between $500,000 and $800,000 doubled in value and was purchased for a Taj Mahal price of $ 1,639,049. In these cases, size does matter, as does history. McGinnis notes that “jewelry design as an art form has held its appeal since the beginning of time, and as the banks engage in debate about the merits of investing in jewelry as an asset class, collectors will continue to seek out these emotionally charged objects for their beauty and provenance.”

Diamond and pearl brooch 
Estimate: $38,000-$53,000
Sold: $664,697

Antique sapphire and diamond necklace
Estimate: $220,000-$240,000
Sold: $462,473 

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ASPREY, suite of multi-gem jewelry
Estimate: $13,000 – $18,000
Sold: $30,000

Buccellati, diamond and gold cuff bracelet
Estimate: $9,500 – $11,000
Sold: $20,000

Sotheby’s New York
CHOPARD, 18K white gold and diamond-set limited-edition tourbillon wristwatch 
Estimate: $100,000 – $150,000
Sold: $461,000

PATEK PHILIPPE, platinum Perpetual Calendar Tonneau Wristwatch with Retrograde Date and Moon Phases 
Estimate: $350,000 – $450,000
Sold: $461,000

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