from a Press Release by Bonham’s
The sale achieved £5.16 million, with 87% lots sold by value and 109 lots going to new owners.
The Hope Spinel was the highlight of the sale, smashing its pre-sale estimate of £150,000-£200,000 as a result of competitive bidding on the phones. It sold for £962,500, achieving a new world record price of $30,000 per carat. This exceptional gem was bought by a private telephone bidder.
The second top lot of the auction was another icon: an Art Deco enamel, gem-set and diamond ‘Tutti Frutti’ bracelet by Cartier. Made in New York in 1929, the bracelet, with a highly articulated geometric strap and vine motifs, was sold for £458,500 to a telephone bidder.
Other key lots included:
Jean Ghika, Bonhams Head of Jewelry for UK and Europe, says: “We had an exceptional sale with a number of very rare items that naturally attracted interest worldwide. Demand for colored gemstones, signed jewelry and period pieces continued to remain strong. The sale represented a great start to the jewelry auction season this autumn and winter.”
“Period and art deco earrings were also strong performers at the auction according to Bonhams. Examples included a pair of Art Deco diamond pendent earrings, by Cartier, circa 1925, which sold for more than five times their pre-sale estimate of £20,000-£30,000, being successfully bought by a telephone bidder for £134,500. Further on in the sale, a pair of early 19th century girandole earrings, with a pre-sale estimate of £18,000-£20,000, achieved £86,500.”
Jean Ghika of Bonhams says: “These two sets of earrings were wonderful examples of classic period earrings, beautifully designed and in their original condition. These factors make them highly desirable along with the fact that they are extremely wearable today.”
Bonhams is now expecting the strong market to be reflected during its next two Fine Jewelry sales in New York on 13th October and Hong Kong on 30th November.
Bonhams sells more jewelry lots each year than any other international house and has more dedicated jewelry auctions annually.
CLICK HERE for the full results of September’s Fine Jewelry Sale at Bonham’s London
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