Christie’s posts auction sales of $490m in 2018

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Christie’s posts auction sales of $490m in 2018

The most notable sale of the year was the Winston Pink Legacy – an 18.96-carat fancy pink diamond that was sold for $50.3m (£35m)

Global auction house Christie’s has announced its jewellery auction sales this year totaled $492.4m (£389m).

Christie’s also revealed that $7.8m (£6.1m) of that was achieved through online auctions. The most notable sale of the year was the Winston Pink Legacy – an 18.96-carat fancy pink diamond that was sold for $50.3m (£35m) at its Geneva auction in November.

This was followed up by the sale of an 8 carat pear-shaped fancy vivid blue diamond necklace and a cushion-cut fancy vivid blue diamond ring, also 8 carats, by Bulgari which sold for $20.4m (£16.1m) and $18.3m (£14.4m) respectively.

Rahul Kadakia, international head of Jewelry Christie’s, said: “We are delighted to announce that Christie’s maintains its position as the jewelry market leader for the 25th consecutive year.

“Over the course of 2018, we have witnessed the historic auction of art and jewelry from The Collection of Peggy and David Rockefeller, the blockbuster sales of The Winston Pink Legacy in Geneva, The Peacock Necklace in Hong Kong, the exceptional price achieved for the sensational Fancy Vivid Blue Diamond Ring by Bulgari and the world auction record realized for Suzanne Belperron in New York.

“We also saw an increase in participation for our online sales which encourage clients to enjoy the auction experience at all price points. As we move into 2019, our global team of jewelry specialists looks forward to bringing to market the very best jewels for our clients.”

NewsSource: jewelleryfocus.co.uk

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Disclaimer: This information has been collected through secondary research and TJM Media Pvt Ltd. is not responsible for any errors in the same.

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