Sotheby’s New York is celebrating today after a hugely successful Magnificent Jewels sale that brought in $65 million, setting a new record total for a jewelry auction for the company’s New York salesroom. With nearly 80% sold by lot and 84.4% sold by value, the sale saw a total of 10 lots achieve prices over a million.
Giving the sale total an overwhelming boost was the headline-grabbing 100.02-carat ‘Perfect’ diamond, which sold for $22,090,000 ($220,459 per carat). The D, Internally Flawless, Type IIa emerald-cut stone was the sixth diamond weighing more than 100 carats to be sold at auction, and the fifth to be sold by Sotheby’s. Moreover, the magnificent gem is also the largest perfect diamond with a classic Emerald-cut ever sold at auction; the first 100+ carat perfect diamond sold at auction in New York; and the highest price for any colorless diamond auctioned in New York.
Lisa Hubbard, Chairman, North & South America, Sotheby’s International Jewelry Division, commented:“This diamond is exceptional in every sense of the word, and we were thrilled to see it achieve such a strong result.”
Another perfect diamond (a 22.30-carat oval-shaped D, IF, Type IIa), though a fraction of the size, sold to an online bidder for $3.3 million while a 6.24-carat pear-shaped Fancy Purplish Pink diamond ring, flanked by two cushion-cut Kashmir sapphires, achieved $2.4 million.
The auction catalogue’s cover star, the Baron de Rothschild necklace by Cartier, reeled in a whopping $2.6 million with the winning bid coming from an Asian private collector. In 1924, Baron Eugene de Rothschild purchased the Art Deco Mughal Empire-style necklace from Cartier as gift for his new American wife Catherine.
Additional highlights from the sale include:
- The Flagler Emerald – a 35.02-carat Classic Colombian emerald formerly belonging to the wife of Henry Flagler – brought in $2.8 million.
- A 17-carat Kashmir Sapphire and Diamond Brooch, by Schlumberger for Tiffany & Co., circa 1960 – the brooch was formerly in the collection of Mrs. Paul Mellon – sold to an online bidder for $1 million.
- A 11.90-carat Kashmir Sapphire and Diamond Ring, by Cartier, circa 1915 fetching $1.9 million, selling to an online bidder.
- An iconic Cartier ‘Tutti Frutti’ bracelet, circa 1928, sold to an Asian private collector for $1,630,000.