The first is a platinum and gold bracelet featuring eight natural Kashmir sapphires with no heat or clarity enhancements ranging from 3.8 carats to 8.29 carats (total weight 43.95 carats), interspersed with rectangular and fancy-shaped diamonds. He remains in Geneva as travel in and out of the country is difficult. One of the important noble jewels on offer is a Colombian emerald and diamond parure, circa 1770, with a well-documented provenance (top photo). 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 … Another piece with noble heritage is an Art Deco diamond necklace by Cartier, circa 1925. Browse and bid online, or contact our salerooms in London, New York, Paris, Hong Kong, Geneva and worldwide. It’s one of six lots being offered by the Parisian jewelry house. 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. Luxury car: Tesla reaches half a million sales in 2020! The second is a gold necklace by Bulgari featuring 16 Columbian emeralds, each surrounded by marquise and circular-cut diamonds. The next two lots feature colored gems. 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. Its estimate is $1.7 million - $2.7 million. * A gold bracelet by Cartier featuring reeded lapis lazuli beads and circular-cut diamonds with an estimate of $4,447 - $6,671. The top three lots are: * A platinum ring set with an 18.03-carat D-color, flawless cushion-shaped diamond with excellent polish and symmetry (third photo). What challenges await Chloé’s new artistic director? Sotheby’s And Christie’s Auction Houses Bring Strong Prices Sotheby’s Auction House Scores Big! “Employees will each have their own desk and take client bids over the phones,” the Christie’s spokesperson said. Estimate: $4,447 - $6,671. Auctions Top Auction Houses Saw Total Sales Drop in 2020—But Sotheby’s Outpaced Rival Christie’s With $5 Billion in Revenue. Its estimate is $1.3 million - $1.5 million. 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. 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. 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. Its estimate is $833,727 - $1.1 million. Sotheby’s sale has 102 lots on offer while Christie’s is offering 158. In Asia, where the health situation stabilized first, Sotheby’s made $982 million in sales, or 20% of its sales. A velvet black ribbon completes the elaborate gem. Its estimate is $2.6 million - $3.6 million. Then there’s one person who registers visitors,” he says. In the lead-up to key London art sales this week, Christie’s and Sotheby’s have deepened their rivalry and sharpened their tactics. Read More. Christie’s also boasts a record for digital sales at $311 million, an increase of 262%. Swiss authorities on October 29 imposed a range of new restrictions to halt an aggressive spread of the virus. * 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. 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. A federal jury in the United States has indicted the former chairmen of the world's two largest auction houses, Sotheby's and Christies, on charges of overcharging its customers. Its estimate is $722,650 - $1.1 million. It’s something I take with me while traveling the world and writing about the finer things in life. 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. 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. April 23, 2020 The Rich Are Still Buying Million-Dollar Jewelry. Nos newsletters de veille contribuent en effet à sensibiliser nos lecteurs aux mutations qui touchent les industries du luxe. 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. In addition, there’s a pair of pendent ear clips set with oval, cushion- and pear-shaped emeralds, and cushion-shaped diamonds; and two jewels of the same design in closed back settings. Estimate: $5,559 - $7,782. Estimate: $8,894 - ... [+] $13,341. 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. To get a sense of the global market dynamics at play within Christie’s and Sotheby’s, lots were grouped according to city. Asians also obtained 9 of its 20 “top lots” for the year. 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. Alexandris says that it’s a buyer’s market, particularly when it comes to value. Estimate $1.7 - $2.7 million. Sotheby's was founded in London in 1744 as a bookseller. OUR NEWSLETTERS CONTRIBUTE TO MAKE OUR READERS AWARE OF THE CHANGES AFFECTING THE LUXURY INDUSTRIES. formerly in the collection of ... [+] Henriette Hélène Porgès, the Marquise de la Ferté-Meun. The transformative jewel is detachable into segments in which one can be worn as a bracelet. Patrick Drahi, owner of Sotheby’s, and François Pinault, with his house Christie’s, are the first to regain the upper hand this year, with more than $5 billion in sales for the American company (down 16% compared to 2019), compared to $4.4 billion for the British company (down 25%). 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Read also > PARIS STOCK EXCHANGE: LUXURY AND COSMETICS STOCKS BOOSTED BY THE PROSPECTS OF AN AGREEMENT BETWEEN THE EUROPEAN UNION AND CHINA. Although the subpoenas for information from Christie’s and Sotheby’s do not seem to be involved with criminal concerns, they are related to civil suits regarding Epstein’s taxes. Study: Faced with the different appellations of diamonds, how do consumers find their way around? However, the health crisis linked to Covid-19 led to a drop in auction sales for the two art multinationals. This includes the jewelry sales being held by Christie’s and Sotheby’s. Owned by French billionaire art collector François Pinault, who also founded luxury goods group Kering, Christie's introduced online-only sales of designer handbags in 2012, and these particularly appealed to Asian buyers. The past year has been a roller-coaster ride. The two auction houses have canceled public viewings for its Geneva sales and will hold its live auctions, including jewelry sales, without an audience. It features carved ruby leaves, carved emeralds, onyx beads, single and old-cut diamonds. 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. Estimate: $2.6 ... [+] million - $3.6 million. He was known as the “Diamond King.” Its estimate is $400,000 - $500,000. Estimate: $2.6 million - $3.6 million. Sotheby’s Magnificent and Noble Jewels, November 11, 6:30 p.m. (12:30 p.m. EST). 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 This includes a near-universal ban on public and private events of more than five people, inside and outside. Despite the impossibility of holding indoor auctions for almost nine months, the auction specialists’ 2020 balance sheet is satisfactory. © 2021 Forbes Media LLC. Meeting with Sylvain Gandolfo Director of ISG Luxury Management, [The Luxury Journals] Pauline Laigneau (Gemmyo) : “Le Gratin brought me the fresh air I needed!”, Luxury hotels: Palaces focus on take-away sales, Gucci unveils first images of its outdoor-chic capsule with The North Face. [THE LUXURY JOURNALS] Jean-Luc Dechery (Camille Fournet): “Today, we are able to trace the origin of a bracelet.”, [THE LUXURY JOURNALS] 4 questions to Frank Boehly, President of the National Leather Council, [The Luxury Journals] Noémie Dumesnil (Authentic Material) : “Our goal is to maximize naturality and pedagogy for our clients”. 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A sapphire and diamond bracelet offered by Christie's with an estimate of $2 - $3.1 million. Sotheby’s achieved a higher figure than its rival, at $1.5 billion, but experienced a slightly lower decline of 50%. offered by Christie's. Both auction houses are well-known for dealing in goods with the rich and the powerful. Its estimate is $23 - $38 million. Eleven of the emeralds have “insignificant to minor traditional clarity enhancement,” according to the auction house, and five emeralds are without clarity enhancement. Its estimate is $918,000 - $1.5 million. * 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. 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. A 3.96-carat fancy deep blue diamond offered by Christie's. It’s attached to a white gold brooch in a circular flower motif lined with round and baguette-cut diamonds. * A diamond, rock crystal and lapis lazuli necklace and earrings set by M. Gérard with an estimate of $22,235 - $33,353; David Webb gold and diamond necklace and earrings set offered by Christie's. This week we seem to be focusing on some serious money-makers ranging from fashion labels to art auction houses. It’s unclear whether these are brooches, earrings or have other uses. Estimate: $400,000 - $500,000. That makes four persons already. The pieces are there. A 102.41-carat diamond pendant offered by Sotheby's with an estimate of $833,727 - $1.1 million. Sotheby's has had to catch up on its rival Christie's, which has been playing at the luxury game since the early 2010s. * A diamond, sapphire, emerald, onyx and gold choker and earrings set by Marina B with an estimate of $22,235 - $33,353; M. Gérard diamond, rock crystal and lapis lazuli necklace and earrings set offered by Christie's. Estimate: ... [+] $33,353 - $44,471. It was formerly in the collection of Henriette Hélène Porgès, the Marquise de la Ferté-Meun (1878-1946). It’s centered by an 11.94-carat pear-shaped emerald. Christie’s is a British auction house founded by James Christie in 1766. 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. 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. It is owned by Groupe Artémis, the holding company of François-Henri Pinault. THE LATTER DRAWS THE ATTENTION OF ITS READERS TO ALL THE MAJOR PLAYERS IN THESE SECTORS WHO SHARE THEIR EXPERIENCES, VISIONS AND KNOW-HOW. A couple of them are really fantastic.”, The 14.83-carat 'Spirit of the Rose' has an estimate of $23 - $38 million. * A rare chrysoprase, coral, onyx and diamond necklace by Van Cleef & Arpels with a detachable pendant that can be worn as a brooch with an estimate of $33,353 - $44,471; A Marina B diamond, sapphire, emerald, onyx and gold choker and earrings set offered by Christie's. Only 1-2% of mined diamonds receive this classification. 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. It is one of nine items being offered by the London jewelry house. Ce dernier attire tout particulièrement l’attention de ses lecteurs sur l’ensemble des acteurs majeurs de ces secteurs qui y partagent leurs expériences, visions et savoir-faire. Estimate: $700,000 - $1 ... [+] million. These are hard conditions because even if you want to do a full viewing it is impossible to do so.”. Here’s How Auction Houses Are Adapting to Meet Demand. Almost immediately afterward the canton of Geneva imposed even tougher restrictions. A pair of diamond and fancy colored diamond earrings is the top lot at Christie's Geneva auction. “It’s impossible for a second person to do a viewing [at the same time]. Sales in 2015 totalled £4.8 billion (US$7.4 billion). 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“. 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 One of the top lots receiving a lot of interest is an Art Deco multi-gem “Tutti-Frutti” platinum bracelet by Cartier, circa 1925. As the global coronavirus pandemic entered its second act (or third but who’s counting), auction houses had to adjust their plans on how they will hold their upcoming auctions in Geneva. With Christmas just around the corner, it makes perfect sense to surprise that special someone in your life as you share the festive joy together. Estimate: $722,650 - $1.1 million. Read Less. This sale at the Mandarin Oriental hotel precedes the auction for the “Spirit of the Rose” and features pieces of important provenance along with rare diamonds. 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). The idea behind Christie’s Lates is to bring new audiences into Christie’s. 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. Estimate: ... [+] $918,000 - $1.5 million. 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. Estimate: $2.6 million - $3.6 million, Henriette Hélène Porgès, the Marquise de la Ferté-Meun. In addition to this blog, you can find me at my "Jewelry News Network" blog and facebook page, on Instagram @jewelrynewsnetwork and on Twitter @jewelrynewsnet. Morin Oluwole (Global Head of Luxury at Facebook): “The concept of ‘corporate citizenship’ can be a determining factor in purchasing”. Get notified about exclusive offers every week! It’s mounted on a contemporary designed platinum ring. Private sales, online … The live auction will be held November 11 at 8:30 p.m. CET (2:30 EST). 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. Its estimate is $2 million - $3.1 million. But a tumultuous past pair of years has made it a key locus of art world speculation. Its estimate is $400,000 - $500,000. 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. For example, there are few fancy colored diamonds, the stars of the international auction circuit that command the highest prices. 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. 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. 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. My first magazine job was with a design and architecture trade publication where I received a first-hand education and appreciation of how good, innovative design can make the world a better place. Alexandris says while these restrictions are unavoidable, it makes it difficult for him and other jewelry trade professionals to do their jobs because they need a full day at each auction house to see all of the jewels. The emeralds range in size from 1.88 carats to 9.61 carats and include cushion, pear and octagonal shapes. “Colette mon amour”: The documentary that traces the end of a “historical monument”. Upwards of 500 lots are normally on offer. Lots sold by Christie’s and Sotheby's are given an estimate and a … Plus qu’un webzine spécialisé, Luxus Plus est un système d’information multi-sectoriel, devenu l’outil de veille de référence pour les professionnels du luxe et de la mode. Christie’s Magnificent Jewels Sale, November 10, 3 p.m. (9 a.m. EST). Art Deco diamond necklace by Cartier, circa 1925 offered by Sotheby's. Sotheby’s is the oldest company with 80 offices in 40 countries and listed on the New York Stock Exchange (IDD). * A 102.41-carat diamond with light brown color, S to T Range, and VVS2 clarity. “This leadership spans several categories such as fine arts and luxury, and key regions, with our fifth consecutive year leading in Asia,” said Sotheby’s CEO Charles F. Stewart. 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 top lot for the Geneva jewelry sales is a 14.83-carat fancy vivid purple-pink internally flawless diamond named “The Spirit of the Rose,” named after a celebrated Russian ballet, being offered by Sotheby’s. 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. Amsterdam, Dubai, Geneva, Hong Kong, London, Milan, New York, Paris, Shanghai and Zurich. Photo courtesy Sotheby’s. 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. ... [+] Estimate: $22,235 - $33,353. * 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. 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. Sotheby’s, Christie’s, Phillips and the other English auction houses have invented and refined these rules over two centuries, and they are now common in many other parts of the world. “I think it’s the right time to buy goods if you have the money. 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. 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