Michele della Valle Online Results: How Sotheby’s Fared in this New Venture

Sotheby’s first online auction dedicated to a single designer, Michele della Valle ended last Monday. In this post I will look at the results of the auction and what can be learned.

Non si può mai attraversare l’oceano se non si ha il coraggio di perdere di vista la riva.

The above saying in English is: You can never cross the ocean until you have the courage to lose sight of the shore.  That saying feels right when talking about the recent online fine jewelry auction held by Sotheby’s.  I will look at the sold versus unsold items and their statistics as a whole, then break it down by type and finally look at some individual pieces that did well at the auction. Also read my predictions and thoughts before the results here.

Sold vs. Unsold (All)

Out of the 111 items designed by Michele della Valle for this online auction only 66 sold. The percentage was 59% sold, 41% unsold. So over half meet the reserve and were sold. The items bid on meet reserve, but what were some of the basic statistics like average dollars of the sold item or number of bids? Below is a table answering that. Note dollars in Swiss Francs (CHF).

The average item sold for 7,884 and had about 6 bids. The most frequent price that sold was 7,500 and the lot had only 2 bids.

To get more detailed we need to look at the results by type.

Sold vs. Unsold (by type)

Above is a table with the counts of lots by type. Earrings were the biggest category at 44 out of 111 lots, next were brooches, then rings. Rings did very well, all but one lot were sold. A table below looks at it by percentage.

Only 38% of brooches sold, earrings saw 32% of their lots unsold. I’m looking more closely at types with ten or more lots to get a better feel of the category. I also looked at the min/max dollars for the sold lots.

Earrings had the largest range, going for as low as 3,000 CHF up to 27,500 CHF.

So, what were some of these high priced items?

Lot with the highest bid

That was a pair of earrings, lot 22, that sold for 27,500 CHF

Lot with the most bids

Lot 14 that had 24 bids, a blue topaz ring.

Piece highest above estimate

There are pieces that are unexpected in what they go for. In this auction a few types did better than others. A table with the break out below.

The rings did the best overall, being 1.6 times higher than the estimates. Earrings were next at 1.33 times. The piece that did better than estimated was lot 97, a pair of earrings that sold for 8.2 times above what Sotheby’s estimated. The final price sold was 21,500 CHF. The estimate was between 1800-2600.

Final thoughts

Obviously, the sale could have gone better, more pieces sold, bids higher, etc. Sotheby’s did a lot right in promoting this auction; they put the auction in their emails and had a video highlighting some pieces. What do I think they could have done better? Educating people on who Michele della Valle is and why his work is something that should be collected. Town and Country just put out about designers to collect, giving some context to where the market is going.

 

From my quote above, somethings you take those risks and swim out alone. Sometimes those risks work out and other times you need a life guard to steer you to a better path. If you are looking for some guidance in your small business strategy send me an email (data.inthe.rough@gmail.com). Let me know what you’re thinking of trying or challenges you are facing. Until then thank you for reading and I hope you return soon for more Data in the Rough!

Sotheby’s holds First Online-Only Auction of Michele della Valle Jewelry

If you follow my Instagram you probably have noticed I skew a little to the Italian designers. When I saw this auction of one of my favorite Italian jewelry designers, Michele della Valle I knew I would need to share it on my blog. I’m going to focus on what is being offered and what this type of auction means for the future of online auctions.

The Designer

Michele della Valle, opened his first shop in 1978 located in Rome. He work some with Bulgari before moving to Geneva in 1987. His work is frequently found in auction houses. I learned about him from seeing his work first hand at Christie’s and Sotheby’s. His work is not only inspired by nature but he likes to feature modern icons and pop culture references, like the Facebook ‘like’ pin below.

Lapis lazuli, enamel and diamond brooch, ‘I Like’

His jewelry is fun and bright. I imagine the designer as fun and not taking himself or his jewelry too seriously. Below are a few pieces from the auction that caught my eye. All photos from Sothebys.

Pair of cultured pearl, tsavorite garnet and ruby ear clips
Pair of tsavorite garnet and ruby ear clips, ‘Frogs’
Ruby and diamond ring
Pair of gem set and diamond pendent ear clips, ‘Fragoline’

The Auction

This is not only the first online-auction of Michele della Valle at Sotheby’s but I can not recall an auction dedicated to one designer. There are auctions of celebrities and personal collections of prominent people but not of a lone designer. Not only is this the first one dedicated to a designer, the auction house collaborated with him to create pieces to sell in this online auction.  I find that interesting. Sotheby’s has really been trying new ideas to get more interest in auctions. They even have had auctions with no buyer’s premium, which I love that idea. I’m not sure what the process was for picking Michele della Valle for this trial run in the online market, but I am excited to see how the auction turns out.

Gem set and diamond pendant, ‘Cat’

I have done a little analysis on what is being offered. I am only looking at lots and estimates, the auction does not close until October 1. Below is a table with the type of jewelry, number of lots, and minimum/maximum estimates. As you see earrings top the number of lots at 44 of 111 offered. I think this makes sense earrings are easier to fit than a ring. The prices range from $630-$21,000.  The currency is actually in Swiss Francs (CHF) but I converted to USD for this post.

 

 

Future Trends for Auctions

This auction I think will be the beginning of more collaborations between designers and auction houses. What does this mean to a designer that wishes to be involved in something like this? One, branding will be more important to a designer and an auction house wanting to entice collectors. Designers will need a strong social media presence and clearer branding to stand out from this saturated industry. Second, a better understanding of the customer in mind. I don’t know what went into creating and designing these pieces for the auction, but I guess that Sotheby’s and Michele della Valle had a sense of who they were designing for. If you do not know who your customer is selling to them will be very difficult and many resources will be wasted.

Opal, tsavorite and diamond brooch, ‘Koala’

If you need a better social media strategy or content to present, then send me an email to talk about ways to improve your business. I will follow up on this auction to see how these pieces fared. Have you heard of this designer? Has anyone read the book that came out in 2014 on his jewelry? If you are interested in bidding or seeing more Lots click here. Until then thank you for reading Data in the Rough!

Christie’s and Sotheby’s increasing September Online Jewelry Auctions

As summer comes to an end Fall auctions are fast approaching. Instead of the auctions taking place around the world more auctions of Fine Jewelry are happening online. Read more to see how Christie’s and Sotheby’s are adapting to the change in technology and what this means for the public.

I don’t go too often to New York in the Summer, it’s hot, crowded and the jewelry industry slows down over this season. What I do look forward to is my treks up to the Big Apple to see some major bling in the Fall.

In 2016 I went to both Christie’s and Sotheby’s for their September Fine Jewelry Auctions. Christie’s had a preview of their online jewels and the Private Collection of President and Mrs. Ronald Reagan, that was sold in NYC.

A few highlights from Mrs. Reagan’s Collection:

Bulgari Ring

Sotheby’s had plenty to see too. With previews of upcoming auctions happening in London and New York.

A few highlights:

Tiffany moonstone and enamel necklace
Bulgari flower brooch
Yellow and white diamond brooch

Last year neither auction house had previews in NYC. Sotheby’s had two auctions in London, one their Fine Jewelry and the other the collection of actress Vivian Leigh. I took a closer look at that auction in my previous post here.

Christie’s had one jewelry auction, but it was online in September 2017. This year again no September auctions that occur offline for these two auction houses. Sotheby’s has one general fine jewelry auction, one that is selling loose diamonds and the last highlighting one Italian designer. All these auctions occurring online.

Is this a trend that will continue?
Yes, I think more auctions will be having an online presence. Sotheby’s has also tried removing the buyer’s premium to encourage people to try online with out the hidden fees. I am anxious to see how the auctions do with collectors and how smaller auction houses will adapt.

How will this affect the way jewelry is previewed at auctions?
I still think their will be previews and auctions to see the items and handle them. It is very difficult to take size into account when looking online and some gems like opal are hard to get good photos of.

For those that post on social media and blog I think that a time will come that your following and status will play a bigger part in getting to participate in the previews. For now, I have an auction preview in Boston at the end of the month I plan to go to and I’ll be heading to NYC in October not for a preview but for a fun trip that I will share later.
Return for more on the upcoming online auctions and other topics in the jewelry industry dealing with business and marketing. Thank you for reading my article.

Fred Leighton: Auction of the Jeweler who owned a Flower Shop

I learned a lot over the long weekend viewing the auctions for April. If you follow my Instagram account, you will see posts of jewelry that has been auctioned as well as pieces coming up that I got to see and try on! Although I learned a lot about the jewelry one piece of information left the biggest impression on me and that was the auction of Fred Leighton’s personal collection. This man was a jeweler to the stars. I never got the chance to enter his shop while he owned it but I got to see some of his celebrity pieces up close when Fred Leighton came to Dorfman’s in Boston.

Looking at the auction book for a little more about his life I came across an interesting insight into his life that resonated with me. On page 8 of the auction catalogue the first line of the second paragraph reads, “After opening a florist shop in Los Angeles, Mr. Leighton returned to New York in the early 1960s and purchased a shop specializing in Mexican crafts, silver and folk pieces on MacDougal Street in the West Village.” This stood out to me because I don’t come from having a background in the jewelry industry. I have no relatives that I was aware of that did anything with the jewelry business. I have a background in business but a love for jewelry. It was refreshing to see someone start out on one path and transition to another like Mr. Leighton. Breaking into an industry can be difficult. For those that follow my blog I have been sporadic with my postings over the year.

For 8 months I was unemployed and recently started a new job. It has nothing to do with jewelry which can have its good and bad points. Trying to find a job that blends your passion with your skills (math in my case) can be a challenge. Those that do not have those skills can look down on those with ‘less creative’ talents. For the next few weeks I plan to highlight designers and businesses that have done better at mixing art and science. I will focus on those with a less traditional background or those that have both a head for numbers and artistic flair.

This post is focusing on Leighton and his auction. As I went through the preview at Sotheby’s in New York City, I was struck by how many were coming to find one last hidden treasure that Leighton was holding back. I watched a few dealers going over necklaces and rings with loupes taking notes of the lots they liked. The impression I got was that many of these pieces meant something more than money to Mr. Leighton. I came across a set of Van Cleef & Arpels cat brooches with coral stones. These were so small and not at all like the animals you see now.

Aren’t they precious?

One of the associates told me nobody that day had even looked at them. I obviously took them out to see. I love cats and couldn’t bare the thought of these cute gems going unwanted. They did sell so some one was paying attention. But not all of Leightons jewelry sold. I looked at the total auction and divided the lots by jewelry and other (furniture, paintings, etc).

Break down of lots for Fred Leighton Auction at Sotheby’s

The top table is by the number of lots and the second table is in percentages. There were 229 lots offered 95 (41%) of the lots were jewelry; 134 (59%) were other items. Overall 84% of the items sold. By category jewelry did not do as well in % sold as the other items. But what about items that sold far above the estimate? Well I looked at that too!

Of the lots sold on average the non-jewelry category did better. Leighton not only had an eye for jewelry but also furniture, paintings and other beautiful, unique objects.  The top 5 jewelry items that performed the most above their high estimate (buyer’s premium included are below).


To see a better view of the chart above click:

Top-5-lots-Fred-Leighton-Jewelry-Auction-Sothebys 

I was surprised at what did so well and what did not sell. This snake bracelet of gold and rubies did not sell, but a pair of turquoise shell earrings by Leighton estimated to go between $600-800 sold for $6,875. These pieces were pretty but also quirky and many of them fun.

I remember seeing the documentary the September Issue, about getting the fall publication by Vogue put out, and watching some of the deleted scenes. My favorite part of the documentary was the deleted scene with Andre going to Fred Leighton’s shop to see some of his jewelry highlights. It starts with Fred Leighton himself waving some beautiful vintage fans in front of the camera and heading over to talk to Andre in more detail about the fans he is looking at. Leighton in smiling and singing as he makes his way to the editor. Enjoying himself through out the short scene. Fred Leighton did not come from a background in jewelry and in some ways, I think that was a strength. He had an eye for jewelry but was a business man by trade.

Above was how his jewelry was laid out in the cases. Leighton had miniature replicas of Asian inspired furniture that he had made. His family lent it to Sotheby’s because they did not know what to do with it or even if they wanted to keep it. Mr. Leighton, I have a feeling would have been pleased to know that his miniature furniture was a hit! I asked an associate about what would happen to these props, after the sale and with the interest that the public was showing they too may soon be on the auction block at Sotheby’s. Be on the lookout! Before I conclude I will let you see what the top 3 other items that performed above expectations.

Yes, that looks like a gold foot. Not sure if the auction house was off on the estimate or they had misprints, but Leighton did have some unique tastes and others liked it. He did not follow trends but created them and found items that match the style and quality that he wanted to be known for. I hope you will return soon as I get back into posting more on my own personal journey to try and blend my love of jewelry with my analysis skills. Please comment below or send an email if you would like to share parts of your own career journey. As the saying goes, it’s not where you came from but where you are going that counts. Data in the Rough is back!

 

 

 

 

Depending on the Kindness of Strangers Pays Off for Vivien Leigh Auction

It’s been too long since my last post, but I have a lot of exciting things planned for this blog! First though I want to finish my analysis of the auctions I had in my last post. First is the Vivien Leigh auction held at the end of September at Sotheby’s in London.

It was an interesting auction to follow due to the star having passed away about 50 years ago and her last movie was over 52 years ago. Even though Ms. Leigh did not have as many films to her credit as other stars of her generation, the films she did were outstanding. I have not seen all her films but of the ones I have she made it feel as though she was meant for that role. Many remember her for Gone with the Wind but a favorite of mine was That Hamilton Woman, starring her then husband Laurence Olivier. Even in black and white her beauty and talent shown through. All photos courtesy of Sotheby’s

Caesar and Cleopatra, 1944, photo by Cecil Bateman

The auction had many of her personal possessions such as clothes, jewelry, photographs and furniture from the 1930s-1960s. This auction was interesting in how it tried to recapture the memories and life she led privately with her husband Olivier. It was clear that even though their marriage ended in 1961 after 20 years of marriage that she clearly continued to cherish the time they had together. So how did this translate to the bidders… very well in my opinion.

Leigh and Olivier

For my analysis I looked at US dollars and took out the buyer’s premium from the result when calculating how far above the estimate the lots went. My first thought when looking at the auction estimates was that they were too low. I was right all the 321 lots sold and of those 287 sold above the high estimate given by Sotheby’s.

I grouped the lots into types/categories, so you could get a better idea of how well the groups did.

Typically, when I look at auctions I see percentages above the estimate by lot go between 100%-600% for the top lots. For this auction the percentage was in the thousands. Below are the top 5 lots picked by percentage above the high estimate that they sold for not including buyer’s premium.

If you read my blog post before this, you would have seen that I picked the ‘eternally’ ring as a lot to watch. It is ridiculous to think that this ring given by Laurence Olivier to Leigh was only thought to go as high as $793. This tells me that the bidders were sentimental as well to this union.

Next was the Ship of Fools bracelet. I saw this movie recently, funny and sad all at once. Even though she is playing a bitter and aging beauty she is still charming, witty and striking as she had been in her previous movies. This bracelet went above the $198 to result in a sale of $7429.60, good for a costume bracelet.

Ms. Leigh was also a fan of art. She painted, collected and received artwork. Winston Churchill had been noted to give Ms. Leigh some of his own paintings as they were good friends. This piece is an illustration by Roger Furse around 1948 made of watercolor, pen and ink and pencil on paper. Vivien loved cats and I think this was a great tribute to those interests. This was only thought to bring in about $1982, its final price $67,540. As I said something was off with the predictions

Another jewelry lot consisting of a culture pearl brooch from 1964. Estimated to go to $159, sold for $5403.20.

Furniture, books, personal accessories such as dishes for entertaining was the biggest part of the auction.  The fifth lot to do better than its high estimate was a Pier Mirror made between 1765 and 1780.

You might be wondering what was the lot that brought in the most money? That was reserved for the former Prime Minister Winston Churchill whose oil on canvas board titled Study of Roses brought in $719,020.

It really is beautiful. Made in the 1930s by Churchill and given to Leigh as a gift in 1951.

One more lot to note is lot 307 the diamond bow brooch that had been shared countless times on social media.

It was estimated to go for about $46,253. It sold for $49,980 (without buyer’s premium). Sotheby’s predicted that correctly.

 

Takeaways

Sotheby’s London clearly underestimated the interest in Vivien Leigh. Four of the five lots to outperform their estimate were personal items to her. Three were jewelry and not high-end jewelry, a gold band, a costume bracelet and a small pearl brooch. The illustration was of her and what she loved: reading and cats, among many other things.

 

For those looking to bid in future auctions keep in mind the emotional value an item has that may not be accounted for by the auction house. For those selling an item if it has a story, tell it! Sotheby’s I’m sure got a bit of a surprise with the success of those lots. Maybe though if they had shared other lots stories on social media those items may have done better still! The diamond bow brooch was nice, but Ms. Leigh had so many items that were noteworthy, not for the value of the lot itself but of the value of the owner. Ms. Leigh led a complicated and in some instances tragic life but always was a professional who continues to leave an impression on the public to this day.

Leigh photograph taken in 1950s

There are so many other angles to look at this auction data. If you are interested in this return soon as I look at Aubrey Hepburn’s auction that occurred after Vivien Leigh’s at Christie’s London. Also, any comments about my thoughts or opinions on the auction or actress are welcomed. Please return for more Data in the Rough!

Icons on Auction: What to look for this week

There was a saying were you a Jackie or a Marilyn? Well in the spirit of this week’s auctions I will alter the question by asking are you an Audrey or Vivien? This week in London the auctions of items belonging to Vivien Leigh and Audrey Hepburn are taking place. As the format goes I will mention a few items to look for, then check back for the analysis of the results later in the week.

Vivien Leigh

This auction focuses on the life of Vivian Leigh. The personal items include paintings, gifts, clothes and jewelry. You get a sense of her life and tastes through the auction being held at Sotheby’s on the 26th. If you follow fine jewelry on social media you may have seen this brooch belonging to Vivien.

This diamond bow brooch made in the 19th century is predicted to go between 25,000-35,000 British pounds or $33,038 – $46,253. I think that is a good estimate. The rest of the jewelry estimates feel low.

What to watch

For the jewelry, I have 3 items that I am particularly interested in the results, in addition to the brooch mentioned. The first the costume bracelet Vivien wore on the movie, Ship of Fools. The estimate is $132-$198. I know the gems and pearls are synthetic but it was in several scenes from her last film.

Next is the ‘Eternally’ ring, a token of love from the passionate affair and marriage of Leigh and husband Laurence Oliver. Inside is inscribed, Laurence Olivier Vivien Eternally. Thought to go for $529 – $793. I say there must be an error in the predictions but we’ll see.

 

Finally, my favorite piece, the chrysoberyl demi-parure. The stones are beautiful and the earrings are screw back! As most of her earrings are. This is what I’d buy if I could. The estimate is $5,286 — $7,929.

Audrey Hepburn

The auction of Ms. Hepburn’s items tell the story of an icon. Almost like opening a time capsule you are transported back remembering Roman Holiday and running around with Cary Grant in Charade! Lots of photos on sets, scripts, accessories and mostly costume jewels. Christie’s is focusing on her clothes and style for this auction being held on the 27th. An online auction is going on now and ends the 4th of October. I am just focusing on the live auction for this post.

A gift from Steven Spielberg to Audrey in 1989. A Tiffany & Co. bangle inscribed, You are my “ inspiration” Always, Steven. Original box and note included. Estimate $4,065 – $6,775.

Gripoix clip on earrings made of glass and faux pearl. They are unusual and colorful, set to sell between $1,355 – $2,032.

A paste tiara that was worn for the premiere of The Nun’s Story and in the film Two for the Road. I am always interested to see movie props on sale. What fans will spend is fun to guess and learn the result!

That is why this final piece, trying to keep it even since I pick four of Ms. Leigh’s items, is another item of interest. A movie prop from my favorite film of Hepburn’s Roman Holiday! A gold pendant, that I will have to rewatch the movie to see if I can get some good stills of. This would be my choice if I got only one item of her jewelry to keep.

Anyone following either or both sales? What was a favorite movie of either of these stars? I have been waiting many weeks for these sales and after tonight we will get to see what the world still thinks of these Hollywood legends. Return soon for the analysis only found on Data in the Rough!

 

Summertime Jewels: Analysis of Sotheby’s Online Auction

Summertime Jewels: Analysis of Sotheby’s Online Auction

Summer has its moments but I’m excited for the Fall auction season to begin! While I wait there are a few auctions happening now. I ran across an article the other day on Sotheby’s website about their Specialist Picks: 10 Stand Outs from Jewels Online. The jewels on auction belonged to Marjorie S. Fisher. For this post, I want to look at a few key points to learn more about the items on auction. Look at Sotheby’s top picks and then give you 5 of my favorites.

The auction as a whole

What to know:

  • 99 lots total
  • 18 are marked by a designer
  • 81 do not have a designer identified with it
  • Over 60% are estimating to sell between $5,000 -$12,000
  • Range of estimates $3,000-$60,000

Graph breaking down the types of jewelry by count of lots.

The biggest surprise is that only 1 ring is for sale. A colored diamond ring that is a top pick of Sotheby’s. Not sure if that is intentional or not. Besides that, the variety is very good in my opinion. Mrs. Fisher had an amazing collection so it is not hard to pick a great piece from all the options. So let’s see what the specialist picked!

Sotheby’s Picks

A nice variety of pieces but a little heavy on the diamonds and price. Two of the picks are estimating to go as high as $60,000 (the 2 lots at the end, 96 & 99). It is a good start for building a solid collection but Mrs. Fisher had some fun pieces that should also be considered.

My Picks

I went for more warm colors. It is summer! Corals, citrine and gold caught my eye. The Michele Della Valle coral and diamond necklace (lot 2) is all you need with a great summer dress to go out for evening events. My favorite piece is at the end, Lot 40 the Egyptian inspired ruby, emerald, sapphire, enamel and diamond brooch! Very unique even among Mrs. Fisher’s items.

The auction ends tomorrow so bid now! If you saw another item that you really liked but is not listed above please comment below and return soon for more Data in the Rough!

Will this be the year that the Pink Star shines?

April has arrived and with it some amazing auctions! Hong Kong is the major auction destination this week for Sotheby’s. If you have not checked out their items for the Magnificent Jewels and Jadeite Auction, you should! That Auction is on Tuesday afternoon, but the real show is the diamond that is coming back on the market for a single auction in the evening. You may have seen or heard of the Pink Star. (Pictured above courtesy of Sotheby’s) This internally flawless pink diamond is a massive 59.6 carats was up auctioned off in November 2013 at their Geneva sale. The winning bid was $83.2 million dollars but the buyer soon backed out. The reason for the buyer’s change of heart? They could not afford it. Sotheby’s then acquired the gem and now is hoping that their investment pays off. You can read more on that 2013 auction here.

It was a disappointing end I’m sure for the auction house. Christie’s had sold the Princie Diamond, a 34.9 carat pink diamond in their April auction for $39,323,750 (buyer’s premium included).  I saw that one up close, the florescence was amazing. The glow unlike anything I had ever seen! (Picture of diamond below courtesy of Christie’s)

 

2015 would again bring mixed results for large colored diamonds at the auction house. Sotheby’s again faced disappointment at their Magnificent Jewels sale held in April 2015 at New York, with the Shirley Temple Blue Diamond failing to make the minimum estimate.

Shirley Temple Blue Diamond, my photo

Then Sotheby’s achieved a notable success. The Sotheby’s Geneva Magnificent Jewels Auction in November 2015 saw the highest price paid for a blue diamond. The Blue Moon a 12.03 carat blue diamond sold for $48.4 million, having the highest price paid per carat for a blue diamond. Christie’s also had success in their November Geneva Magnificent Jewels Auction that year. They set the record for highest price per carat for a pink diamond. The Sweet Josephine (16.08 carats) sold for $28.5 million dollars. What is interesting is both diamonds that year were sold to buyers in Hong Kong.

Sweet Josephine, courtesy of Christies

 

Blue Moon, courtesy of Sotheby’s

So will this be the year that the Pink Star shines and leaves Sotheby’s with a great return on investment? It can go either way. On the one hand the economy has been a little shaky the past few months. On the other hand, jewelry is being looked at more seriously as an investment piece again. Town and Country had a great article on that here.  Having the diamond sold at the Hong Kong auction is a smart move as that has had some major buyers in the past, mentioned above. Without knowing the estimate, it is harder to say if it will sell or not. People did bid on the Shirley Temple Blue Diamond they just did not meet the minimum required. I do not know how much Sotheby’s paid for the Pink Star, the minimum is anyone’s guess. There was no estimate listed the last time in was up for sale. I will be watching for it and commenting on my other social media channels. Have you seen the Pink Star? Do you think it will sell? Love to hear your thoughts! Thank you for reading and visit Data in the Rough again very soon for more!

Pink Star, courtesy of Sotheby’s

Rubies: The Top 5 at Auction

What does the color red invoke in your mind? Does it bring up thoughts of passion, anger, evil, danger? For gemstones, rubies are considered, ‘the king of precious stones’. These stones are highly prized in cultures from the past and present. At auction these stones are also highly sought after. Jewels du Dour looked at the top rubies at auction for their July 2015 article. I want to update that and include some current rubies that have surpassed the cost per carat of the reigning champs. My table is below:

Ruby_blog_post_top_5_rubies

May of 2015 Sotheby’s topped the charts with the highest amount paid per carat at auction for their Sunrise Ruby Ring. An almost 26 carat ruby that brought in over $30 million for the final bid. The price per carat was over $1 million a first for an auction house to receive for a ruby. The Sunrise Ruby surpassed the highest amount per carat of $997,727 ($8.6 million total) that Sotheby’s received for the 8.62 Graff Ruby auctioned in November 2014. The record was not theirs for long, the Christie’s December auction sold a 15.04 carat ruby for over $18 million making the per carat $1,222,233 a little over $15,000 more per carat than Sotheby’s Sunset Ruby. Then another top selling ruby hit the Christie’s Auction House, a ruby ring by Verdura. I saw this ring at auction, it had a great color and the design was befitting a king,for only royalty could have afforded a ring this grand! I posted pictures that I took below!

Vedura_ruby

It will be interesting to see who comes out on top for the next round of auctions. Diamonds both white and colored have been topping the news as major selling pieces, but I like watching the other precious gemstones go up for auction. If you have any quality rubies you are thinking about parting with it might be time to look into selling before the economy starts going into a recession. I personally feel the country is due for one soon.

Do you own any ruby rings? I have one given by a family member as an heirloom, not as pricey as above but it creates feelings of love and excitement for me! Thank you for reading my article. Sign up for my email above to keep updated! Also for the July birthdays or ruby lovers, the below photos are for you, rubies that I have seen at auction. Check back later for more from Data in the Rough!

Rubys_auction

Spotting David Webb Jewels at Christie’s June Auction

This month wraps up the summer auctions for fine jewelry in New York and Boston. As I was looking through the auction catalogs I saw a necklace in the sale of Christie’s jewels that had me take a second look at the description and mark it as a must see when I came to the auction house this past weekend. It was a beautiful multi- colored sapphire necklace. Shown below:

DavidWebb_sapphire_necklace_6_16

What had me take a second look was the designer…

Sapphire_necklace_description

That’s right, David Webb. The same David Webb whose other jewels in the same auction look like this:

David_webb_christies

No date is given, so it might have been a special commission. Either way I wanted to get a look at the necklace. I ended up having the chance to try it on!

20160604_141353

 

It was spectacular! All those stones and colors! A closer view is below:

20160604_141041

It got me thinking of what other designs Webb has produced that are not what would be considered his signature looks. So I wanted to play a quick game of guess the designer. I will put up two similar jewelry pieces and you guess which is the David Webb piece.

Pair #1: Amethyst flower earrings

Amethyst_earrings

The left or the right?

It is the left:

Amethyst_earrings_skinner

These earrings were found in the archives of Skinner Inc in Boston from an auction in 2006. These signed earrings went unsold. The earrings on the right are from a previous auction at Christie’s in 2013 that are unsigned and from the 1950s.

Pair #2: Butterfly Brooch

butterfly_brooch

Guesses?

The David Webb brooch is on the left. This is from the Christie’s Magnificent Jewels Auction of 2012. This brooch sold for $20,000 and is signed. The brooch on the right is from Bulgari made in 1969 this brooch sold for $23,750 at the 2015 Sotheby’s Magnificent Jewels Auction.

Pair #3: Pink Sapphire Earrings

pink_sapphire_earringsThe answer:

The right pair is by David Webb. Sold at Christie’s in 2010. The pair on the left has Kunzite as well as pink sapphires and diamonds, made by Michael Youssoufian, sold at Christie’s in 2002.

Ready for a bonus round?

Bonus: 18kt Gold Gem-set Day/Night Ear Pendants:

ruby_sapphire_earpendants

While searching for past pieces I saw a pair of earrings listed that I had seen somewhere before at another auction house and they did have the exact same design. The gem colors are different but they look like a very close match. So which is it?

The left is David Webb sold at Sotheby’s in 2014 and the right is Van Cleef & Arpels sold at Skinner in 2016. Both signed but no dates listed. Would love to know the story and original owners of these earrings. You don’t usually see copies like these from different houses. Any thoughts? Hope you enjoyed the quiz! I had a great time at Christie’s and look forward to seeing the results tomorrow!

Come back later for more posts!