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Sotheby’s London Sale Rakes In $6.8M

Van Cleef necklace beats estimate with price of $402,375.
Nov 27, 2019 10:09 AM   By Rapaport News
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RAPAPORT... Sotheby’s brought in GBP 5.3 million ($6.8 million) from its Fine Jewels sale in London on Tuesday, with many items going for well above their high estimates.

The top lot, a necklace by Van Cleef & Arpels featuring a detachable rectangular cushion-shaped, 18.22-carat emerald center stone, surrounded by pear-shaped and brilliant-cut diamonds, sold for $402,375, beating its high estimate of $354,090.

A late-19th-century Hunt & Roskell necklace — set with an oval, 11.8-carat sapphire, diamonds, and a detachable pendant containing a 6.4-carat, pear-shaped sapphire — went for $321,900, more than triple its high estimate of $103,008.

A number of other items also smashed their high valuations, including a pair of Cartier onyx and diamond earrings from 1925. Those brought in $281,663, nearly four-and-a-half times their $64,380 presale estimate. A cushion-shaped, 18.47-carat sapphire ring, flanked by diamonds, fetched $209,235, above its $193,140 high estimate.

Emeralds also proved popular, with a Van Cleef & Arpels 8.34-carat emerald ring selling for $152,903 against a high estimate of $70,818, and an emerald pendant necklace by Hemmerle going for $144,855, nearly six times its $25,752 high valuation.

The Hemmerle items, the largest collection of the designer’s pieces to come to auction, all left their high estimates in the dust. Those included a pair of cameo earrings, which sold for $88,523, more than double the $38,628 expected valuation, and tourmaline and green sapphire earrings, which blasted their $11,588 high valuation to fetch $64,380.

Image: The Van Cleef & Arpels emerald and diamond necklace. (Sotheby’s)
Tags: Cartier, Fine jewels, Hemmerle, Hunt & Roskell, Rapaport News, Sotheby’s, Van Cleef & Arpels
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