RapNet


Rapaport News

 

Retail

 
Rapaport Broadcast
Martin Rapaport’s Webinar on Estate Jewelry
October 30 2019

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

Top Lot Fails to Sell Again at Sotheby’s

Oct 6, 2016 8:22 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... Sotheby’s failed to sell its top item at the Magnificent Jewels & Jadeite auction in Hong Kong, two weeks after the headline lot in New York met the same fate.

A jadeite bangle estimated at $6.4 million (HKD 50 million) to $9 million did not find a buyer at the sale October 4. Sotheby’s Important Jewels auction in New York last month also saw the lead item, an oval, 27.35-carat, D-color, VS2-clarity diamond and platinum ring, fail to hit its reserve price.

The most expensive item to sell in Hong Kong was a ring featuring a 5.07-carat ruby surrounded by four pear-shaped diamonds that weighed a combined 7.56 carats. It fetched $1.9 million, falling at the lower end of its estimate of $1.9 million to $2.3 million.

Total sales at the auction were $24.8 million.
Tags: Auctions, Hong Kong, Jadeite, Magnificent Jewels and Jadeite, new york, Rapaport News, Sotheby’s
Similar Articles
Tiffany Men'sTiffany Launches Men’s Pop-Up Store
Dec 08, 2019
Tiffany & Co. has opened a one-month holiday pop-up shopin...
Tiffany Sales Stall as Tourist Spending Dries Up
Signet Raises Full-Year Outlook



Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us