|Chicago, Illinois – April 11, 2014 – The eclectic, colorful and whimsical collection of Gerard L. Cafesjian proved extremely popular among collectors during the single-owner session on April 8 at Leslie Hindman Auctioneers.Mr. Cafesjian’s taste for bold color combinations and fanciful design spread across an incredible array of mediums including the glass works of Dale Chihuly and his important Fine Art collection to name just two. The joyful nature of his jewelry was met with an eager response. Featuring an incredibly diverse group of jewels ranging from antique to modern, conservative to avante garde, the sale exceeded all expectations and achieved 93% sell-through amidst an exciting auction day.
Several notably rare and important signed pieces changed hands during the sale. A highly unusual gold, emerald and green beryl compact attributed to Suzanne Belperron sold for $55,000, well over double the previous auction result from 1998 and evidence of her ever-increasing importance amongst collectors. Also featured was a unique polychrome enamel and diamond compact by Paul Flato which sold for $25,000, substantially eclipsing the pre-sale estimate of $4,000-6,000. An important platinum, gold and multi-gem bird brooch by Raymond Yard was highly sought after and sold for $21,250. An exquisite and complex carved coral and gem bracelet by Lorenz Bäumer brought $35,000 while a bold fire opal and colored diamond necklace by Michael Youssoufian also achieved $35,000.
Traditional classics such as a fancy deep yellow diamond and diamond necklace that realized $79,300 met with an eager audience. Excellent colored stones, truly loved by Cafesjian, were the center of much competition in the sale. Noted examples include an Art Deco platinum, diamond and top quality black opal ring which sold for $17,500 and a finely carved pink tourmaline, jadeite and seed pearl pendant brought $16,250.
The auction results from Mr. Cafesjian’s collection not only emphasize the significance of signed pieces and their fervent interest at auction, but also the growing demand for classic, yet colorful designs.