Leslie Hindman Auctioneers’ Spring auctions of Fine Jewelry and Timepieces achieved a record total of $4.89 million. Hundreds of bidders in the salesroom, on the telephones, and via the Internet participated in the auctions held on Sunday and Monday.
Several exceptional fancy colored diamonds and colored stones elicited spirited interest from private collectors and dealers worldwide. A highlight of the Fine Jewelry sale was an impressive 7.85 carat diamond ring of Fancy Vivid Yellow color. The rare combination of the color saturation and the antique cushion cut enabled the lot to surpass the pre-auction estimate of $150,000/$200,000 to ultimately realize $542,500. Another highlight from the sale included a 10.99 carat Fancy Yellow oval brilliant cut diamond ring, which held a pre-sale estimate of $100,000/$150,000 and realized $170,500.
The Fine Jewelry auction clearly indicated that the market for pink diamonds is strong. The demand from investors from around the globe continues to rise as pink diamonds become increasingly scarce. Highlights included an 18 karat rose gold and fancy purple-pink diamond ring which sold for $302,500 and a fancy deep pink diamond which realized $266,500.
Our highly-anticipated Fine Timepieces sale, held Monday evening, also generated strong interest and prices realized. Contemporary wristwatches by important makers such as Patek Philippe and Rolex, as well as collectible antique timepieces in fine condition with desirable complications, proved to be highlights of sale.
Leslie Hindman Auctioneers’ next Fine Jewelry and Timepieces auction will be held September 8-9, 2013. Consignments are welcome though July 12.