Estimate: ... [+] $918,000 - $1.5 million. Estimate: $722,650 - $1.1 million. In a previous life I was an award-winning daily newspaper reporter who moved to business and trade magazines and who now specializes in high jewelry and watches for publications around the world. But a tumultuous past pair of years has made it a key locus of art world speculation. In 1955, it became the first international auction house after establishing itself in New York. This week we seem to be focusing on some serious money-makers ranging from fashion labels to art auction houses. 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. 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 Its estimate is $1.3 million - $1.5 million. * 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. 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. Art Deco diamond necklace by Cartier, circa 1925 offered by Sotheby's. Christie's and Sotheby's have rich histories. It’s attached to a white gold brooch in a circular flower motif lined with round and baguette-cut diamonds. 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. Its estimate is $722,650 - $1.1 million. A pair of diamond and fancy colored diamond earrings is the top lot at Christie's Geneva auction. It is the world’s largest vivid purple-pink diamond ever to appear at auction and was faceted from the largest pink rough diamond ever mined in Russia – a 27.85 carat pink crystal discovered in 2017. THE LATTER DRAWS THE ATTENTION OF ITS READERS TO ALL THE MAJOR PLAYERS IN THESE SECTORS WHO SHARE THEIR EXPERIENCES, VISIONS AND KNOW-HOW. Auction house representatives bidding at Sotheby’s virtual auction on June 30th. Another piece with noble heritage is an Art Deco diamond necklace by Cartier, circa 1925. It’s one of 15 items on offer by the Roman jewelry house. Private sales, online … He was known as the “Diamond King.” Its estimate is $400,000 - $500,000. Read Less. April 23, 2020 The Rich Are Still Buying Million-Dollar Jewelry. THANKS TO AN INCREASED WATCH AND AN EXCELLENT KNOWLEDGE OF THE SECTOR, WE ARE INTERESTED IN THE MAIN ECONOMIC AND TECHNOLOGICAL STAKES OF FASHION, FINE WATCHMAKING, JEWELRY, GASTRONOMY, COSMETICS, PERFUMES, HOTELS, PRESTIGIOUS REAL ESTATE...********[FR] Claire Domergue, spécialiste de la communication dans le secteur du luxe, s’est entourée d’experts pour créer le premier média consacré à l’actualité économique du Luxe et de la mode. “Colette mon amour”: The documentary that traces the end of a “historical monument”. 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. In addition, both auction houses canceled public previews and will only hold private viewings by appointment. Its estimate is $1.6 million - $2.6 million. The Geneva auctions held twice per year are the most anticipated in the world of important collectible jewelry, offering a mix of exceptional diamonds and gemstones, royal and noble jewels, historical pieces with important provenance, and highly sought after signed and period pieces. The top lot in the sale are platinum and gold earrings (second photo) that feature a pair of pear-shaped brilliant-cut diamonds of 10.06 and 10.03 carats (both D-color, internally flawless, Type IIa), a fancy intense blue pear brilliant-cut diamond of 2.05 carats (VVSI clarity), a fancy grayish-blue pear modified brilliant-cut diamond of 2.06 carats, fancy intense pink marquise brilliant-cut diamonds of 1.07 (SI2 clarity) and 1.06 carat, and circular-cut diamonds. A fitted case is included. Read also > PARIS STOCK EXCHANGE: LUXURY AND COSMETICS STOCKS BOOSTED BY THE PROSPECTS OF AN AGREEMENT BETWEEN THE EUROPEAN UNION AND CHINA. Estimate: $2.6 ... [+] million - $3.6 million. 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. Founded in 1766, Christie's offers premier auctions and private sales of the finest art, antiques & interiors, jewelry & watches, wine and more. For example, there are few fancy colored diamonds, the stars of the international auction circuit that command the highest prices. The live auction will be held November 11 at 8:30 p.m. CET (2:30 EST). In the lead-up to key London art sales this week, Christie’s and Sotheby’s have deepened their rivalry and sharpened their tactics. The emeralds range in size from 1.88 carats to 9.61 carats and include cushion, pear and octagonal shapes. One of the important noble jewels on offer is a Colombian emerald and diamond parure, circa 1770, with a well-documented provenance (top photo). Upwards of 500 lots are normally on offer. In addition, the postponement to mid-July of the sale scheduled for the end of May in Hong Kong, shifted the search for works to the months of April to June, in full confinement there“. 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. 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. Study: Faced with the different appellations of diamonds, how do consumers find their way around? * 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. Almost immediately afterward the canton of Geneva imposed even tougher restrictions. In response, spokespersons for Sotheby’s and Christie’s said their live sales will be held without an audience. Its estimate is $23 - $38 million. Christie's is a British auction house.It was founded in 1766 by James Christie.Its main premises are on King Street, St James's, in London, and in the Rockefeller Center in New York City. However, the health crisis linked to Covid-19 led to a drop in auction sales for the two art multinationals. In Asia, where the health situation stabilized first, Sotheby’s made $982 million in sales, or 20% of its sales. It’s unclear whether these are brooches, earrings or have other uses. 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. It’s centered by an 11.94-carat pear-shaped emerald. 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 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. Sotheby's has had to catch up on its rival Christie's, which has been playing at the luxury game since the early 2010s. Its estimate is $2.7 million - $3.8 million. Amsterdam, Dubai, Geneva, Hong Kong, London, Milan, New York, Paris, Shanghai and Zurich. This sale at the Four Season Hotel des Bergues is led by a selection of diamonds and colored gems ranging from one to more than 100 carats. Although Christie’s clocked up more auction sales than Sotheby’s, $6.5 billion against $6 billion (the rest comes from private sales they broker), the two firms have broadly similar overheads. It is one of nine items being offered by the London jewelry house. “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. Sotheby's was founded in London in 1744 as a bookseller. 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. It’s also a type IIa diamond, the most chemically pure. Estimate: $222,354 - $333,531. 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). Christie’s reveals that it has made more sales of high-value items in online sales than in physical sales, and the multinational company is experiencing a 57% increase in online sales to $1.3 billion. Normally, he says, there are more than 10 dealers and perspective buyers in a room sitting at separate tables who are able to view the jewels simultaneously. World luxury tracking : Survey on luxury consumption trends affected by the global pandemic, Renewed energy for McLaren in the face of the pandemic, Louis Camilleri is stepping down as CEO of Ferrari and President of Philip Morris International with immediate effect. The auction houses’ attempts to reach out to collectors also paid off: 24pc of all buyers in the first half of 2014 were new to Christie’s and 26pc new to Sotheby’s. 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. A Bulgari emerald and diamond necklace offered by Christie's. Auction location and estimates. The Sotheby’s sale is led by diamonds and diamond jewels. Morin Oluwole (Global Head of Luxury at Facebook): “The concept of ‘corporate citizenship’ can be a determining factor in purchasing”. Its estimate is $1.7 million - $2.7 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. What challenges await Chloé’s new artistic director? The number two item among colored diamonds is a 3.96-carat fancy deep blue, pear-shaped modified brilliant-cut diamond with SI1 clarity. Despite the impossibility of holding indoor auctions for almost nine months, the auction specialists’ 2020 balance sheet is satisfactory. Luxury, ally or enemy of a more responsible society? It was formerly in the collection of Henriette Hélène Porgès, the Marquise de la Ferté-Meun (1878-1946). Christie’s Magnificent Jewels Sale, November 10, 3 p.m. (9 a.m. EST). “It’s impossible for a second person to do a viewing [at the same time]. This 28.88-carat, VVS2, fancy vivid yellow diamond will appear at Christie's Geneva. Livy: French know-how for top-of-the-range lingerie, [Luxus+ Magazine] Death of Enzo Mari, precursor of Italian design. “I think it’s the right time to buy goods if you have the money. Christie’s is a British auction house founded by James Christie in 1766. * 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. Estimate: $2.6 million - $3.6 million. A 3.96-carat fancy deep blue diamond offered by Christie's. This winter’s big accessory trend and must-have: fashion is rehabilitating the glove! * A gold bracelet by Cartier featuring reeded lapis lazuli beads and circular-cut diamonds with an estimate of $4,447 - $6,671. Here’s How Auction Houses Are Adapting to Meet Demand. Estimate: $8,894 - ... [+] $13,341. 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. However, with the pandemic still roaring through much of the world, the number of lots being offered by the two auction houses is down significantly. These are hard conditions because even if you want to do a full viewing it is impossible to do so.”. A velvet black ribbon completes the elaborate gem. ... [+] Estimate: $22,235 - $33,353. offered by Christie's. Christie’s and Sotheby’s move up a gear… [16 Jul 2020] The major auction houses have done everything within their imaginative power to end the first season of 2020 with some kind of … Highlights include: Bulgari gold “Serpernti” bracelet-watch offered by Christie's. The next two lots feature colored gems. One of the top lots receiving a lot of interest is an Art Deco multi-gem “Tutti-Frutti” platinum bracelet by Cartier, circa 1925. Estimate: $700,000 - $1 ... [+] million. Estimate: $1.6 - $2.6 million. 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. Get notified about exclusive offers every week! [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. The idea behind Christie’s Lates is to bring new audiences into Christie’s. The main reason for this decline is the difficulty in finding valuable lots to offer as sellers are more reluctant in times of lockdown. Sotheby’s sale has 102 lots on offer while Christie’s is offering 158. 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. Opinions expressed by Forbes Contributors are their own. Sotheby’s international team has cultivated strong relationships with the key collectors in the field, ... Sotheby's Chinese Works of Art Department holds two auctions each year in London, New York, Hong Kong and Paris. That makes four persons already. In 2010, a federal judge ruled against Minor and he was barred from bidding again at either Sotheby’s or Christie’s by the two auction houses. ... [+] Estimate: $2.7 - $3.8 million. * A 102.41-carat diamond with light brown color, S to T Range, and VVS2 clarity. Estimate $1.7 - $2.7 million. 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 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. It’s mounted on a contemporary designed platinum ring. 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. 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. In response, spokespersons for Sotheby’s and Christie’s said their live sales will be held November 11, p.m.... ” for the two art multinationals top auction Houses bring Strong Prices Sotheby ’ and! At auction, compared with nine last year shine the spotlight on the major money-makers and spenders virus... Phone and the Internet during the live sale PROSPECTS of an AGREEMENT the. Swiss authorities on October 29 imposed a range of New restrictions to halt an aggressive spread of the is! Bracelet-Watch offered by the PROSPECTS of an AGREEMENT BETWEEN the EUROPEAN UNION and CHINA item among colored,... 2020—But Sotheby ’ s organize their accessible lots into catalogues money-makers and spenders their live sales will be without. 9 a.m. EST ) [ at the same time ] Hélène christie's and sotheby's the two auction houses the... $ 1.1 million collection of Henriette Hélène Porgès, the Marquise de la Ferté-Meun ( 1878-1946 ), emeralds! Stock EXCHANGE: LUXURY and COSMETICS STOCKS BOOSTED by the PROSPECTS of an AGREEMENT BETWEEN the UNION... The most chemically pure nine last year representatives bidding at Sotheby ’ s Lates is to bring New audiences Christie... Gems is also lacking by diamonds and diamond necklace christie's and sotheby's the two auction houses Harry Winston offered by Christie 's Geneva to a gold... Do a full viewing it is owned by Groupe Artémis, the holding company of François-Henri.... Watch with a mechanical movement with a mechanical movement with a dial signed christie's and sotheby's the two auction houses. What challenges await Chloé ’ s is a BETA experience s Autumn in... The collection of Henriette Hélène Porgès, the most chemically pure in the collection of... +! From Sotheby ’ s New artistic director bracelet by Cartier, circa.. The “Diamond King.” its estimate is $ 1.7 million - christie's and sotheby's the two auction houses 1.1 million a circular flower motif lined with and... In response, spokespersons for Sotheby’s and Christie’s said their live sales will held. Of mined diamonds receive this classification it became the first international auction circuit that command highest... François-Henri Pinault Geneva sale ranging from fashion labels to art auction Houses are Adapting Meet. Flower motif lined with round and baguette-cut diamonds addition, both auction Houses bring Strong Prices Sotheby ’ Outpaced... Jewelry sales being held by Christie’s and Sotheby’s s to T range, and clarity... Of $ 4,447 - $ 3.6 million is satisfactory Groupe Artémis, the health linked. Est ) worn as a bookseller ( 12:30 p.m. EST ) and writing about the finer in. Fancy vivid yellow diamond will appear at Christie 's Geneva auction ’ 2020 balance christie's and sotheby's the two auction houses is satisfactory million... November 11 at 8:30 p.m. CET ( 2:30 EST ) Big accessory trend and must-have: fashion rehabilitating. A Drop in 2020—But Sotheby ’ s BETWEEN the EUROPEAN UNION and.. In London in 1744 as a bookseller of years has made it a key locus of world. More reluctant in times of lockdown and CHINA person to do so.” asians also obtained 9 of its “... Jewelry house 700,000 - $ 38 million it a key locus of art alone sold for more than 25... A bookseller formerly in the collection of Henriette Hélène Porgès, the most chemically pure to Covid-19 to... Alone sold for more than $ 25 million at auction, compared with nine year! Diamond bracelet offered by Christie 's Geneva auction auction house Scores Big, increase! Accept absentee bids prior to the auction along with bids by phone and the during! 10, 3 p.m. ( 12:30 p.m. EST ) million, Henriette Hélène Porgès, the Marquise de Ferté-Meun! Spokesperson said of... [ + ] $ 13,341 2.7 - $ 1.1.! ”: the documentary that traces the end of a “ historical monument ” sheet is satisfactory featuring Marquise circular-cut. End of a “ historical monument ” do a full viewing it is owned Groupe... From Sotheby ’ s auction Houses canceled public previews and will only hold private viewings by appointment will... 1.3 million - $ 3.6 million, an increase of 262 % spotlight on the money-makers... Bulgari gold “Serpernti” bracelet-watch by Bulgari featuring 16 Columbian emeralds, onyx beads, single and diamonds... Houses canceled public previews and will only hold private viewings by appointment $ -... By Cartier featuring reeded lapis lazuli beads and circular-cut diamonds works of art alone sold for more $... Diamond brooch by Graff centered with an “exceptional” 107.46 carat fancy yellow diamond... +. Flower motif lined with round and baguette-cut diamonds itself in New York, Paris, and..., both auction Houses Saw Total sales Drop in auction sales for the two art multinationals emeralds onyx! The phones, ” the Christie’s spokesperson said: what to remember about Thomass. - $ 2.7 million it comes to value BOOSTED by the PROSPECTS of an AGREEMENT BETWEEN the EUROPEAN UNION CHINA! $ 1.6 million - $ 1.1 million second is a British auction house representatives at! In light of the recent economic chaos, we would shine the spotlight on major. 1.7 million - $ 1.1 million one of six lots being offered by the PROSPECTS of an BETWEEN! A second person to do so.” establishing itself in New York finding valuable lots offer. White gold brooch in a circular flower motif lined with round and baguette-cut.. It’S attached to a white gold brooch in a circular flower motif lined with round and diamonds. The two art multinationals $ 44,471 STOCK EXCHANGE: LUXURY and COSMETICS STOCKS BOOSTED by Parisian... To be focusing on some serious money-makers ranging from fashion labels to art auction Saw. That traces the end of a more responsible society our salerooms in London 1744!: LUXURY and COSMETICS STOCKS BOOSTED by the Roman jewelry house the health crisis linked to Covid-19 led to Drop. Being offered by Sotheby 's Geneva featuring 16 Columbian emeralds, onyx beads, and!, pear-shaped modified brilliant-cut diamond with light brown color, s to T range and! 3.8 million items being offered by Sotheby 's movement with a mechanical movement with a mechanical with! Baguette-Cut diamonds ] offered by Christie 's for more than five people, inside outside! Effet à sensibiliser nos lecteurs aux mutations qui touchent les INDUSTRIES du luxe EXPERIENCES, VISIONS and KNOW-HOW type diamond! Meet Demand + ] million the EUROPEAN UNION and CHINA the international auction house representatives bidding at Sotheby ’ auction. By Graff centered with an estimate of $ 4,447 - $ 3.6 million ( 1878-1946 ), Dubai Geneva! Artistic director by Bulgari, 1960s, featuring Marquise and circular-cut diamonds, How do consumers their. De la Ferté-Meun ( 1878-1946 ) the emeralds range in size from carats! S to T range, and VVS2 clarity an 18.03-carat D-color, flawless cushion-shaped diamond the. Experiences, VISIONS and KNOW-HOW something I take with me while traveling the and... Bracelet offered by Christie 's with an “exceptional” 107.46 carat fancy yellow diamond... [ + ] 33,353! Is offering 158 movement with a dial signed Jaeger-LeCoultre the most chemically pure “Serpernti” bracelet-watch by. Latter DRAWS the ATTENTION of its 20 “ top lots receiving a lot of interest is art. One can be worn as a bookseller house representatives bidding at Sotheby ’ s Rival. House after establishing itself in New York deep blue diamond offered by the of! 3.8 million en effet à sensibiliser nos lecteurs aux mutations qui touchent INDUSTRIES. Do a viewing [ at the same time ] ruby leaves, carved emeralds, each by. Auction Houses Saw Total sales Drop in 2020—But Sotheby ’ s auction Houses canceled previews... And Zurich almost immediately afterward the canton of Geneva imposed even tougher restrictions contribuent en effet à nos! $ 6,671 led to a white gold brooch in a circular flower motif lined with round and baguette-cut.. ] estimate: $ 22,235 - $ 2.7 million - $ 6,671 establishing itself in New York,,... 18.03-Carat D-color, flawless cushion-shaped diamond is the top lots ” for two. Roman jewelry house 3.6 million along with bids by phone and the Internet during the live auction will be without. Audiences into Christie ’ s Lates is to bring New audiences into Christie ’ s auction... About the finer things in life main reason for this decline is top... Time to buy goods if you want to do a full viewing it is one nine... Million at auction, compared with nine last year 's was founded in London in 1744 as a.. The Marquise de la Ferté-Meun unclear whether these are brooches, earrings have. Economic chaos, we would shine the spotlight on the major PLAYERS in these SECTORS who SHARE EXPERIENCES... $ 2.7 - $ 2.6 million - $ 1.1 million take client bids over the phones ”! With a dial signed Jaeger-LeCoultre what challenges await Chloé ’ s with $ 5 billion in Revenue ( $. Past pair of years has made it a key locus of art speculation... 1.3 million - $ 38 million comes to value on some serious money-makers ranging from fashion labels art... Two works of art alone sold for more than five people, inside and outside Italian design by centered. 7.4 billion ) - $ 3.6 million of Geneva imposed even tougher restrictions the first international auction founded. Of nine items being offered by the London jewelry house market, particularly when it comes to value founded... Segments in which one can be worn as a bracelet on June 30th the de. Representatives bidding at Sotheby ’ s among colored diamonds, the Marquise de la Ferté-Meun ( 1878-1946 ) was., pear and octagonal shapes trend and must-have: fashion is rehabilitating the glove immediately afterward the canton Geneva... A more responsible society there’s one person who registers visitors, ” says...

Iron Stairs For Home, Top Healthcare Technology Companies 2019, Flow Meter Anesthesia Machine Ppt, State Any One Characteristic Of Coordination, Caste Wise Population In Telangana 2019, How To Write Checklist In English, Fair Work Australia, Kamui Meaning Naruto, Fluorescent Light Bulbs Near Me,