Sotheby’s says this parure is a “rare and very fine example of late 18th century jewelry … in its original form.” Its estimate is $700,000 - $1 million. Sotheby's and Christie's are two of the largest and most well-known auction houses in the world, and in the mid 90's neither were making enough money from sellers' commissions to keep their large art empires afloat, therefore they decided to enter a price-fixing pact, whereby each auction house would offer the same commission rate. 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. 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. * An onyx, coral and diamond brooch and earring set by Van Cleef & Arpels with an estimate of $33,353 - $44,471; A Van Cleef & Arpels chrysoprase, coral, onyx and diamond necklace offered by Christie's. With Christmas just around the corner, it makes perfect sense to surprise that special someone in your life as you share the festive joy together. He remains in Geneva as travel in and out of the country is difficult. Both Christie’s and Sotheby’s organize their accessible lots into catalogues. My first magazine job was with a design and architecture trade publication where I received a first-hand education and appreciation of how good, innovative design can make the world a better place. ... [+] Estimate: $2.7 - $3.8 million. * A diamond, rock crystal and lapis lazuli necklace and earrings set by M. Gérard with an estimate of $22,235 - $33,353; David Webb gold and diamond necklace and earrings set offered by Christie's. April 23, 2020 The Rich Are Still Buying Million-Dollar Jewelry. Estimate: $2.6 million - $3.6 million. Its estimate is $23 - $38 million. * A gold “Serpernti” bracelet-watch by Bulgari, 1960s, featuring marquise and circular-cut diamonds, and cabochon rubies. OUR NEWSLETTERS CONTRIBUTE TO MAKE OUR READERS AWARE OF THE CHANGES AFFECTING THE LUXURY INDUSTRIES. Although the subpoenas for information from Christie’s and Sotheby’s do not seem to be involved with criminal concerns, they are related to civil suits regarding Epstein’s taxes. Alexandris says that it’s a buyer’s market, particularly when it comes to value. It’s also a type IIa diamond, the most chemically pure. Estimate: $2.6 million - $3.6 million, Henriette Hélène Porgès, the Marquise de la Ferté-Meun. Sotheby’s sale has 102 lots on offer while Christie’s is offering 158. It’s unclear whether these are brooches, earrings or have other uses. The past year has been a roller-coaster ride. 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. A velvet black ribbon completes the elaborate gem. Nos newsletters de veille contribuent en effet à sensibiliser nos lecteurs aux mutations qui touchent les industries du luxe. One of the important noble jewels on offer is a Colombian emerald and diamond parure, circa 1770, with a well-documented provenance (top photo). offered by Christie's. A fitted case is included. Estimate: $722,650 - $1.1 million. Learn more about our use of cookies: cookie policy, France’s Interparfums raises 2020 revenue forecast to over 340 million euros, LVMH – Tiffany agreement: the New York jeweler sold its shares for a total of 17.4 million dollars, Covid-19: Facing the dissatisfaction of hotel industry professionals, the French government reinforces its aid to the sector, International tourism: Luxury hotels are blooming in Bangkok, Stock market : Hermès’ good annual performance, Champagne remains the benchmark drink in Japan, The local customer at the heart of the luxury rebound, [THE LUXURY JOURNALS] 5 questions to Michel Navas, Master Watchmaker at “La Fabrique du Temps” Louis Vuitton, [THE LUXURY JOURNALS] Nathalie Remy : “Christofle is the oldest luxury start-up in the world”, Frank BOEHLY (French Leather Council): “The global leather ecosystem is under threat”, Luxury hotels : Radisson Collection opens its first hotel in Bamako, Chinese New Year: Coty unveils a limited edition lipstick line for Gucci, Paris, Milan and London: Fashion Weeks reorganize their calendars in response to the health crisis, Champagne : Ruinart dominated Google searches in 2020, Cartier returns to its classics in its new campaign, Luxury : Five elements to include in your brand strategy in 2021, What the global fashion industry will have learned from the health crisis in 2020, Audemars Piguet is hiring, while the entry-level watch sector is suffering, The difficult transition of the luxury car sector to electric cars, To close its Climate Week, the LVMH Group highlights the environmental performance of its stores, Luxury retail : Lancel continues its conquest of innovation with Adyen, “Luxury, a necessary superfluity today?” : The 3rd wave of the Cetelem study, Mazars and Arianee join forces to analyse the transformation of the luxury sector. The emeralds range in size from 1.88 carats to 9.61 carats and include cushion, pear and octagonal shapes. Its mouth contains a watch with a mechanical movement with a dial signed Jaeger-LeCoultre. 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. Christie's and Sotheby's have rich histories. Only two works of art alone sold for more than $25 million at auction, compared with nine last year. One of the top lots receiving a lot of interest is an Art Deco multi-gem “Tutti-Frutti” platinum bracelet by Cartier, circa 1925. The second is a gold necklace by Bulgari featuring 16 Columbian emeralds, each surrounded by marquise and circular-cut diamonds. Both auction houses are well-known for dealing in goods with the rich and the powerful. It’s one of six lots being offered by the Parisian jewelry house. Diversity in the jewels and gems is also lacking. 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. An 18.03-carat D-color, flawless cushion-shaped diamond is the top lot of Sotheby's Geneva sale. Christie’s also boasts a record for digital sales at $311 million, an increase of 262%. In 2017, 37 percent of Christie’s online bidders were new to the auction house, and 53 percent of Sotheby’s. Read More. For Sotheby’s, auctions represented $3.5 billion, a 30% decrease from 2019, while for Christie’s, the decline is estimated at more than 40%, to $2.8 billion. Highlights include: Bulgari gold “Serpernti” bracelet-watch offered by Christie's. Here’s How Auction Houses Are Adapting to Meet Demand. MORE THAN A SPECIALIZED WEBZINE, LUXUS PLUS IS A MULTI-SECTOR INFORMATION SYSTEM, WHICH HAS BECOME THE REFERENCE MONITORING TOOL FOR LUXURY AND FASHION PROFESSIONALS. “If I go to a private viewing, there’s me, one person assigned to bring me the jewels, one or two security guards. Tom Ford: Luxury watches made only from ocean waste, The responsible project of Neoline receives the support of Hennessy & Co, Kering will pay an interim dividend of 2.50 euros in connection with 2020, Luxury travel: Traveller Made welcomes more than 70 new members and partners, The market for second-hand watches and jewelry is growing in strength, The world of vintage watches is gaining popularity, PARIS STOCK EXCHANGE: LUXURY AND COSMETICS STOCKS BOOSTED BY THE PROSPECTS OF AN AGREEMENT BETWEEN THE EUROPEAN UNION AND CHINA. 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 This winter’s big accessory trend and must-have: fashion is rehabilitating the glove! The two auction houses Sotheby's and Christie's proved their resilience by adapting to new health measures implemented throughout the year, conducting more... Now Reading In 2020, Sotheby’s surpasses Christie’s in the world China represents a crucial part of Kering’s sustainable development strategy, Louis Vuitton : The most sought-after luxury brand on Google among millennials, according to SEMrush, Luxury: a stock market beginning with interesting potential at the start of the year, American elections 2020 : the American fashion and luxury trade worried. The main reason for this decline is the difficulty in finding valuable lots to offer as sellers are more reluctant in times of lockdown. Swiss authorities on October 29 imposed a range of new restrictions to halt an aggressive spread of the virus. Estimate: $8,894 - ... [+] $13,341. Both auction specialists have increased their online sales and more than 70% of Sotheby’s auctions took place online this year, compared to 30% in 2019, with more than 40% of new bidders on the web. Sotheby’s and Christie’s Look to Luxury as a Coronavirus Antidote The world’s two biggest auction houses are selling more watches, jewelry and handbags, but art’s still where the money is. It is one of nine items being offered by the London jewelry house. * 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. Sotheby’s Magnificent and Noble Jewels, November 11, 6:30 p.m. (12:30 p.m. EST). Morin Oluwole (Global Head of Luxury at Facebook): “The concept of ‘corporate citizenship’ can be a determining factor in purchasing”. 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. 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. 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. Estimate: $400,000 - $500,000. Its estimate is $918,000 - $1.5 million. Then there’s one person who registers visitors,” he says. 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. 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). * A diamond, sapphire, emerald, onyx and gold choker and earrings set by Marina B with an estimate of $22,235 - $33,353; M. Gérard diamond, rock crystal and lapis lazuli necklace and earrings set offered by Christie's. These are hard conditions because even if you want to do a full viewing it is impossible to do so.”. [EN] CLAIRE DOMERGUE, A SPECIALIST IN COMMUNICATION IN THE LUXURY SECTOR, HAS SURROUNDED HERSELF WITH EXPERTS TO CREATE THE FIRST MEDIA DEDICATED TO THE ECONOMIC NEWS OF LUXURY AND FASHION. Luxury, ally or enemy of a more responsible society? 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. However, the health crisis linked to Covid-19 led to a drop in auction sales for the two art multinationals. For example, there are few fancy colored diamonds, the stars of the international auction circuit that command the highest prices. Estimate: $2.6 ... [+] million - $3.6 million. 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. What challenges await Chloé’s new artistic director? With auction week in New York coming to an end, ARTnews has rounded-up some of the most notable sales achieved in the day sales at Christie’s, Sotheby’s, and Phillips. In Asia, where the health situation stabilized first, Sotheby’s made $982 million in sales, or 20% of its sales. The live auction will be held November 11 at 8:30 p.m. CET (2:30 EST). You may opt-out by. Its estimate is $1.3 million - $1.5 million. The idea behind Christie’s Lates is to bring new audiences into Christie’s. * 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. © 2021 Forbes Media LLC. Its estimate is $400,000 - $500,000. Guillaume Cerutti, CEO of Christie’s, explains that “the absence of a prestigious collection in the United States, such as SI Newhouse, Ebsworth or Rockefeller, has affected our performance. “There has been a strong shift, with online sales multiplied by 5, but we have also chosen to maintain physical sales when possible or when it seemed the best option for our customers,” said Guillaume Cerutti. In 1955, it became the first international auction house after establishing itself in New York. Amsterdam, Dubai, Geneva, Hong Kong, London, Milan, New York, Paris, Shanghai and Zurich. * A fancy colored platinum and diamond necklace by Harry Winston composed of a line of variously cut fancy colored diamonds weighing from 0.78 to 1.30 carats, alternating with brilliant-cut diamonds. We thought that in light of the recent economic chaos, we would shine the spotlight on the major money-makers and spenders. In addition, there’s a pair of pendent ear clips set with oval, cushion- and pear-shaped emeralds, and cushion-shaped diamonds; and two jewels of the same design in closed back settings. Despite the impossibility of holding indoor auctions for almost nine months, the auction specialists’ 2020 balance sheet is satisfactory. 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. In addition to this blog, you can find me at my "Jewelry News Network" blog and facebook page, on Instagram @jewelrynewsnetwork and on Twitter @jewelrynewsnet. Estimate $1.7 - $2.7 million. Estimate: $1.6 - $2.6 million. Owned by French billionaire art collector François Pinault, who also founded luxury goods group Kering, Christie's introduced online-only sales of designer handbags in 2012, and these particularly appealed to Asian buyers. It was formerly in the collection of the first Marques de Guirior (1708-1788), a Spanish naval officer and colonial administrator who served as Viceroy of New Granada and Viceroy of Peru. ... [+] Estimate: $22,235 - $33,353. Meeting with Sylvain Gandolfo Director of ISG Luxury Management, [The Luxury Journals] Pauline Laigneau (Gemmyo) : “Le Gratin brought me the fresh air I needed!”, Luxury hotels: Palaces focus on take-away sales, Gucci unveils first images of its outdoor-chic capsule with The North Face. Get notified about exclusive offers every week! ... Top 10 Standout Moments from Sotheby’s Autumn Auctions in Hong Kong 2020. Grâce à une veille accrue et à une excellente connaissance du secteur, nous nous intéressons aux principaux enjeux économiques et technologiques de la mode, la haute horlogerie, la joaillerie, la gastronomie, des cosmétiques, parfums, de l’hôtellerie, l’immobilier de prestige…, COPYRIGHT 2020 LUXUS + ALL RIGHTS RESERVED, Our site uses cookies. Its estimate is $222,354 - $333,531; A Van Cleef & Arpels onyx, coral and diamond brooch and earring set offered by Christie's with an ... [+] estimate of $33,353 - $44,471. Our salerooms in London in 1744 as a bracelet 700,000 - $ 500,000 also a IIa! Is led by diamonds and diamond brooch by Graff centered with an estimate $! He was known as the “Diamond King.” its estimate is $ 722,650 - $ million. Than $ 25 million at auction, compared with nine last year 2 -... 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