Sale Total Surpasses Pre-Sale Estimate of $3,984,000-5,753,000
Strong Prices for Natural Pearls and High Carat Weight Diamonds
Consignments Are Currently Being Accepted for Doyle New York's December 11, 2014 Important Jewelry Auction
Doyle New York's Important Jewelry auction on October 21, 2014 offered jewelry spanning the Antique, Victorian, Edwardian, Art Nouveau, Art Deco and Modern eras by the world's most prestigious makers, including Van Cleef & Arpels, Cartier, Tiffany & Co., and David Webb. Attracting a great deal of attention was natural pearl jewelry, as well as an early Van Cleef & Arpels mystery-set brooch and a selection of high carat weight diamond jewelry. Also featured were jewelry and clocks from El Morocco: The John Perona Collection.
Strong international competition from hundreds of bidders in the saleroom, on the telephones, and on the Internet resulted in a successful sale total of $6,751,750, surpassing the pre-sale estimate of $3,984,000-5,753,000, with a strong 85% sold by lot and 92% sold by value.
Highlighting the sale was an important natural pearl single-strand necklace from an East Coast Estate. Composed of 99 pearls ranging from approx. 5.35 to 6.35 to 9.00 to 6.35 to 4.80mm. and featuring a clasp set with a round diamond of approx. 1.30 carats, the necklace achieved $395,000, doubling its estimate of $100,000-200,000.
A graceful circa 1920 diamond and natural pearl pendant suspending two pearls of approx. 10.10 to 12.10 x 16.25 mm and 10.50 to 12.40 x 23.50 mm, sold for $329,000, more than doubling their estimate of $100,000-150,000. A circa 1890 button pearl and diamond necklace suspending a natural brownish gray pearl pendant of approx. 12.2 to 13.2 x 20.80 mm fetched $293,000, at the top end of their $200,000-300,000 estimate.
VAN CLEEF & ARPELS MYSTERY-SET BROOCH
Attracting a great deal of attention was a stunning Van Cleef & Arpels mystery-set ruby and diamond clip-brooch estimated at $150,000-250,000 that fetched $335,000. Designed as three overlapping leaves, the circa 1935 brooch was a rare early example of the firm’s mystery-set process, which Van Cleef & Arpels patented in 1933.
The selection of high carat weight diamond rings in the sale was highlighted by an example set with a round diamond of approx. 4.86 carats, E color, VS1 clarity, from the Estate of a Lady. The ring sold for $173,000, surpassing its estimate of $100,000-150,000. Another ring, this one set with a pear-shaped diamond of approx. 5.00 carats, E color, SI1 clarity, achieved $125,000, doubling its estimate of $50,000-70,000.
EL MOROCCO: THE JOHN PERONA COLLECTION
From El Morocco: The Estate of John Perona were 21 lots of jewelry, watches, cigarette cases and accessories, highlighted by two elegant clocks from Cartier, France. An Art Deco silver, nephrite jade and lapis dual dial partners clock, circa 1930, estimated at $20,000-30,000 sold for a staggering $239,000, and a circa 1940 silver, gold and nephrite jade mantel clock estimated at $15,000-20,000 fetched an impressive $87,500.
All prices include the buyer’s premium.
NEXT IMPORTANT JEWELRY AUCTION: December 11, 2014
Consignments are currently being accepted for Doyle New York’s December 11, 2014 auction of Important Jewelry. We invite you to contact us for a complimentary auction evaluation. Our specialists are always available to discuss the sale of a single item or an entire collection.
For information, please call Ann Lange at 212-427-4141, ext 221 or email [email protected]