Skinner Fine Jewelry Auction Fetches Nearly $2M

. March 26, 2009

Skinner, has announced the results of its Fine Jewelry sale last week which grossed $1,768,021.00, achieving the sale’s high estimate despite the current economic conditions and uncertainty in the marketplace.

A number of the top selling lots came to Skinner from the family of William and Henry Walters, who established Baltimore’s Waters Art Museum. The star of the show was a stunning Renaissance Revival long chain (lot 530) which sold for $402,000. It was estimated at $75/$125,000. In addition, an archaeological Revival gold and glass bead fringe necklace, c. 1880 sold for $67,545.50.

Additional highlights include an Art Deco diamond, onyx, jadeite and coral brooch by Boucheron Paris (lot 514) which sold for $189,600.00, while a renaissance revival enamel, sapphire and diamond brooch (lot 529) sold for $71,100.00. Perhaps one of the most interesting lots of the sale was a Renaissance Revival 18kt. gold gem set armlet, c.1880, featuring sapphire and diamond florets, bezel set sapphire, emerald, and ruby accents, and rose cut diamond highlights (lot 528) which sold for $40,290.00.

The auction was well attended and bidding was very competitive at all levels. “Despite the current state of the economy, the high end of fine jewelry market is as strong as ever as buyers are confident that their investment is sound,” said Gloria Lieberman, director of fine jewelry, Skinner, Inc. “Buyers and consignors alike continue to come to Skinner for unique jewelry and recognize the lasting value intrinsic in these rare pieces purchased at auction.”

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Category: Auction News

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