Analysis of Audrey Hepburn Auction at Christie’s

Analysis of Audrey Hepburn Auction at Christie’s

 

‘I have learned how to live, how to be IN the world and OF the world, and not just to stand aside and watch. And I will never, never again run away from life. Or from love, either.’ ~ Audrey Hepburn (Sabrina 1954)

Remember watching Sabrina and hearing Ms. Hepburn’s voice speak these lines as she is writing to her father? Maybe you remember the first sign of her up in the morning peering into the Tiffany window with her long black dress, pearls and sunglasses in Breakfast at Tiffany’s? No matter the movie Hepburn became that part and it was fantastic! In late September her family auctioned off some memorabilia, personal items and photographs of the late Audrey Hepburn at Christie’s in London. Another Hollywood legend had her items auctioned that week too, you can read my analysis here.

I had some assumptions about this auction and in my analysis, you can draw your own opinions about the sale. Let’s start off with the types of items sold and location of the auction.

Types of Lots

I condensed the lots to a total of 10 types/ categories to better analyze. Fashion is for clothes, outfits and fashion accessories are shoe, hats, gloves, etc. Personal accessories included luggage, makeup cases, etc.

In contrast to Vivien Leigh’s auction, Hepburn’s was more focused on her Hollywood persona. Many of her lots were photographs and scripts from various movie roles. Which is why I was disappointed in the location of the auction.

Location

The sale and preview resided in London, England. There was not even a tour of Hepburn’s key photos and movie memorabilia.  Hepburn was Hollywood royalty, even though she lived abroad I think there was a devoted enough fan base in the United States for it to have made sense to hold the auction here instead of London. There was interest worldwide naturally but in Hepburn’s case not enough to sell all her items like Vivien Leigh.

Sold versus Unsold

Note: I am only looking at the live auction not the separate online auction that went into early October.

Below is a bar graph of the sold and unsold lots by type.  The gray bar to the right with the percentage marks how much out of 100% did not sell.

Only 4 categories had a lot or two that did not sell, those were personal accessories, jewelry, fashion accessories and fashion. To get a better idea of the amount which was small, I have a table with the count of what sold versus unsold by lot.

You can see the biggest types sold were Photographs, followed by Documents/Scripts. This auction was not Hepburn the person but of the movie star. Jewelry had the highest number of items unsold (to be fair it is only 3 items). So, what went unsold and why?

Unsold Lots

Below are the 8 unsold lots with type, lot number and description.

I am focusing on the jewelry for the interest of this post.

Unsold Jewelry

Hepburn’s collection was of costume jewelry except for a few items I will mention later, so the amount it would sell for was not expected to be extremely high. I was a little surprised to see these 3 unsold until I looked at the pearl necklace lots, they are just strands of costume pearls, very basic with no special sentiment tied to them. The colored glass bead set was one of the first lots up. I loved the colors of this set!

A closer examination saw how deteriorated they were and would need major restoration if possible. Something to think about when listing, is this piece in good condition or is there significance to the piece that can be translated to a story? So, what did sell?

Top Lots at Auction

Hepburn’s items still did very well of the 246 that did sell 90% were above the high estimate and many were in the 1000’s for the percentage above calculation. I removed the buyer’s premium for the calculation of the percent above high estimate. Here are the top 5 lots (in USD).

No surprise Breakfast at Tiffany’s lots made it to the top. The jewelry item is my focus for this part.

The Always bangle was given to Hepburn by Steven Spielberg, for her role as Hap in her last film the 1989 film, “Always”. Spielberg wrote to Hepburn about how she inspired him and loved her in, “Wait Until Dark” and “Two for the Road”. After the filming her present Hepburn with this bangle inscribed on the inside, You are my “inspiration” Always, Steven. Outside is engraved, Audrey. It’s no wonder that this piece sold so well!

What were your favorite Audrey Hepburn movies? What items were you watching for the auction? If you were able to go to the viewing or have any comments, please share! I hope you enjoyed my take on the auction. Return soon for more Data in the Rough!

Christmas Time in the City: Boston Jewelry Stores’ Holiday Window Displays

It’s that time of the year again! People are busy shopping for gifts and then cold and snow slow down your plans. You are determined to go out but with a plan and a list! Good for you! In these quests for gifts have you taken any time to just look around at the holiday window displays? I took last weekend to do some shopping and some admiring around the Boston area jewelry stores.

I went to Newbury Street first. This is a major luxury shopping street. It has several big brand and local stores. The windows of the shops are small so I only took photos of windows with a holiday theme that was present. A favorite window of mine when I go to Newbury Street is Cartier.

Cartier

With the New York renovation these windows don’t pull you in as quickly but the incorporation of the brand with the holiday season is excellent. I do miss the boxes on the trees outside the store that doubled as ornaments but it is still a beautiful display.

I couldn’t post just the display but I wanted to look at a few of the items that stood out in the display. The ring to the left is the Galanterie de Cartier ring that reads on the website to be made of white diamonds and black lacquer set in white gold. The earrings  are from the same collection with the same materials, links are included.

I love how they added the Cartier panther to the windows as a finishing touch!

Shreve, Crump, & Low

This display is my pick for the best jewelry! The window is traditional with garlands and winter figurines.

The jewelry however has a bit of everything! The window as you can see is very large so I will focus on some key pieces.

The first will be the three necklaces that are the main pieces of the window!

I edited out the glare and helped make the colors richer than my camera could pick up! The ruby necklace on the left is over a quarter of a million dollars and has 25.28ct of rubies and 32.29ct of diamonds set in platinum. The Diamond Wreath Necklace to the right has 65.15ct of diamonds set in platinum and comes at a lower price point of $200,000. My favorite is the ruby necklace but the final necklace comes very close to it.

This is a vintage one of a kind Boucheron Diamond Necklace from an prior estate that has made it to Newbury Street! The center cushion cut diamond is 3.52ct. The clarity of this stone is a VVS1, which for those unfamiliar with the grading system is a step below IF (internally flawless) which is about the best you can have in clarity. This really is a showstopper and just a little over half a million dollars! Links are underlined if you want more details on these pieces.

Shreve’s had the window with some winter/ Christmas themes next to smaller items. Those ruby earrings again pieces I love to see. One more before moving on…

The photo did not come out as well as I hoped because the color of the diamonds is hard to tell. This 11.16ct Blue Sapphire Ring is surround by a layer of light colored pink diamonds then a layer of white diamonds on the outside.

John Lewis

I don’t have too many details on this shop. The display is small but the prices are listed for these items which I like. I also thought the use of small wrapped packages was a nice touch in staying true to this small, minimalist display. All the jewelry displayed is sterling silver. A link to where the business is located here.

Alexis Bittar

Not a traditional fine jewelry brand, he has a line but my focus was on his fashion jewelry line.The holiday window display for his store was in my opinion, the most creative use of a display I saw that day!

A lot of jewelry is displayed but in the most traditional way for the holidays, hanging up ornaments! A close up below!

What do you think?

Tiffany & Co

There are two Tiffany stores in Boston. I went to the one inside an indoor mall, to reduce the glare and get some better light. I also love the extra touch of adding the diamond decals to the outside of the store. A close up of the design is below.

 

Another great part to the decorations is the Tiffany tree! Trimmed with the signature blue boxes and ornaments in the shapes of diamonds! Oh to have a tree stacked with all those Tiffany gifts!!

Now on to the windows. The store has two windows to have its holiday window display. The first one I saw was an elaborate dinner table set for a fabulous party.

I love the details of adding the jewelry on the plates as though the are only little party favors! It recalls stories I read of the high society life in America before income tax came into effect. One story I remember talked about guests opening their napkins to find a gold bracelet as a gift from the hostess.

The other window on the right is the traditional tree complete with Tiffany presents. I have always enjoyed Tiffany’s window displays especially the holiday window displays because of their more traditional approach. It’s nice to look at a window and think pretty instead of ‘what was that?’

What are your favorite stores to go and see the holiday window displays? Thank you for reading and return soon for more from Data in the Rough! And have a Merry Christmas and a Happy Holiday!