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Auction PR Publicity Announcements News and Information

Jewellery Auction Record Set at Bonhams & Goodman

A NEW AUSTRALIAN AUCTION RECORD WAS SET LAST NIGHT FOR A COLOURED GEM STONE AND FOR A TOTAL RESULT ACHIEVED FOR ANY JEWELLERY AUCTION IN THE REGION

Finishing with $1.379million in sales (including buyers premium) Chairman Tim Goodman said, “What we achieved tonight is absolutely fantastic. This is the first time in my 38 year career I have been a part of a jewellery auction with a result like this.

The result is a great credit to our Jewellery Department and shows that the Australian market is broadening and following the lead from recent successful jewellery auctions conducted in Asia.”

diamond-ring.jpgAdding to the stunning result was the magnificent rare Fancy Yellow Intense diamond ring (illustrated) that surpassed the upper estimate of $280,000 and sold for AUS $402,600 (inc buyers premium) to a private collector who wishes to remain anonymous.

It was an exciting climax for the most anticipated item featured in the auction, with a final bidding duel between the unidentified telephone bidder and a North West Sydney based gentleman who attended the sale with a lady companion.

This fabulous piece of jewellery staked its claim as the most valuable jewellery item ever sold by Bonhams & Goodman and is one of the highest prices achieved in Australia for a diamond.

As for the unassuming gentleman spurred on by his glamorous wife in the room he conceded “the buyer certainly got the stone at a reasonable price.” The new owner of the yellow diamond was not the only winner on the night. A diamond necklace consigned by Tara Moss, international model and best-selling author, also sold for $6,100 (including buyers premium), beating the entry level estimate.

Bonhams & Goodman announced today that they will capitalise on this outstanding success by taking the next catalogue of fine Jewells to new locations for pre-sale viewings. “We are looking at a number of options including Perth and the Gold Coast”, Head of Jewellery in Sydney, Isabelle Quinn said.