It is owned by Groupe Artémis, the holding company of François-Henri Pinault. Estimate: ... [+] $33,353 - $44,471. Estimate: $2.6 million - $3.6 million. Christie’s, Phillips, and Sotheby’s together saw a 79 percent decline in revenue for the second quarter of 2020 when compared to 2019, according to a new report from London art market analytics firm Pi-eX, as reported by Art Market Monitor . On Sunday, Alexandris added that Sotheby’s is able to accommodate more buyers by creating separate areas he describes as “small boxes.” The auction house is booking appointments for one- and -two-hour intervals, he added. * A gold “Serpernti” bracelet-watch by Bulgari, 1960s, featuring marquise and circular-cut diamonds, and cabochon rubies. Its estimate is $1.6 million - $2.6 million. One of the top lots receiving a lot of interest is an Art Deco multi-gem “Tutti-Frutti” platinum bracelet by Cartier, circa 1925. This winter’s big accessory trend and must-have: fashion is rehabilitating the glove! What challenges await Chloé’s new artistic director? Its estimate is $2 million - $3.1 million. Eleven of the emeralds have “insignificant to minor traditional clarity enhancement,” according to the auction house, and five emeralds are without clarity enhancement. China represents a crucial part of Kering’s sustainable development strategy, Louis Vuitton : The most sought-after luxury brand on Google among millennials, according to SEMrush, Luxury: a stock market beginning with interesting potential at the start of the year, American elections 2020 : the American fashion and luxury trade worried. * A gold bracelet by Cartier featuring reeded lapis lazuli beads and circular-cut diamonds with an estimate of $4,447 - $6,671. This 28.88-carat, VVS2, fancy vivid yellow diamond will appear at Christie's Geneva. To get a sense of the global market dynamics at play within Christie’s and Sotheby’s, lots were grouped according to city. In addition, the postponement to mid-July of the sale scheduled for the end of May in Hong Kong, shifted the search for works to the months of April to June, in full confinement there“. However, the health crisis linked to Covid-19 led to a drop in auction sales for the two art multinationals. A sapphire and diamond bracelet offered by Christie's with an estimate of $2 - $3.1 million. THANKS TO AN INCREASED WATCH AND AN EXCELLENT KNOWLEDGE OF THE SECTOR, WE ARE INTERESTED IN THE MAIN ECONOMIC AND TECHNOLOGICAL STAKES OF FASHION, FINE WATCHMAKING, JEWELRY, GASTRONOMY, COSMETICS, PERFUMES, HOTELS, PRESTIGIOUS REAL ESTATE...********[FR] Claire Domergue, spécialiste de la communication dans le secteur du luxe, s’est entourée d’experts pour créer le premier média consacré à l’actualité économique du Luxe et de la mode. * An onyx, coral and diamond brooch and earring set by Van Cleef & Arpels with an estimate of $33,353 - $44,471; A Van Cleef & Arpels chrysoprase, coral, onyx and diamond necklace offered by Christie's. Ioannis Alexandris of Gemolithos, a Germany- and Hong Kong-based firm that specializes in vintage jewels and rare gems, was in Geneva just prior to the lockdown measures and was able to see all of the jewels and gems for both sales. With Christmas just around the corner, it makes perfect sense to surprise that special someone in your life as you share the festive joy together. Although the subpoenas for information from Christie’s and Sotheby’s do not seem to be involved with criminal concerns, they are related to civil suits regarding Epstein’s taxes. Sotheby’s, Christie’s, Phillips and the other English auction houses have invented and refined these rules over two centuries, and they are now common in many other parts of the world. Christie’s sold 34% of its lots in Asia, compared with 33% to Americans and 33% to Europeans, Middle Easterners and Africans. The first is a platinum and gold bracelet featuring eight natural Kashmir sapphires with no heat or clarity enhancements ranging from 3.8 carats to 8.29 carats (total weight 43.95 carats), interspersed with rectangular and fancy-shaped diamonds. Its estimate is $833,727 - $1.1 million. This sale at the Four Season Hotel des Bergues is led by a selection of diamonds and colored gems ranging from one to more than 100 carats. Christie's is a British auction house.It was founded in 1766 by James Christie.Its main premises are on King Street, St James's, in London, and in the Rockefeller Center in New York City. A 102.41-carat diamond pendant offered by Sotheby's with an estimate of $833,727 - $1.1 million. The next two lots feature colored gems. A fitted case is included. Despite the impossibility of holding indoor auctions for almost nine months, the auction specialists’ 2020 balance sheet is satisfactory. You may opt-out by. They will accept absentee bids prior to the auction along with bids by phone and the Internet during the live sale. This deal places the last major auction house still publicly traded back into private hands, after just over three decades of Sotheby’s being publicly traded on the New York Stock Exchange. Opinions expressed by Forbes Contributors are their own. * A gold and diamond necklace and earrings set by David Webb with an estimate of $8,894 - $13,341; David Webb coral earrings and ring offered by Christie's. It’s unclear whether these are brooches, earrings or have other uses. This includes a near-universal ban on public and private events of more than five people, inside and outside. World luxury tracking : Survey on luxury consumption trends affected by the global pandemic, Renewed energy for McLaren in the face of the pandemic, Louis Camilleri is stepping down as CEO of Ferrari and President of Philip Morris International with immediate effect. Learn more about our use of cookies: cookie policy, France’s Interparfums raises 2020 revenue forecast to over 340 million euros, LVMH – Tiffany agreement: the New York jeweler sold its shares for a total of 17.4 million dollars, Covid-19: Facing the dissatisfaction of hotel industry professionals, the French government reinforces its aid to the sector, International tourism: Luxury hotels are blooming in Bangkok, Stock market : Hermès’ good annual performance, Champagne remains the benchmark drink in Japan, The local customer at the heart of the luxury rebound, [THE LUXURY JOURNALS] 5 questions to Michel Navas, Master Watchmaker at “La Fabrique du Temps” Louis Vuitton, [THE LUXURY JOURNALS] Nathalie Remy : “Christofle is the oldest luxury start-up in the world”, Frank BOEHLY (French Leather Council): “The global leather ecosystem is under threat”, Luxury hotels : Radisson Collection opens its first hotel in Bamako, Chinese New Year: Coty unveils a limited edition lipstick line for Gucci, Paris, Milan and London: Fashion Weeks reorganize their calendars in response to the health crisis, Champagne : Ruinart dominated Google searches in 2020, Cartier returns to its classics in its new campaign, Luxury : Five elements to include in your brand strategy in 2021, What the global fashion industry will have learned from the health crisis in 2020, Audemars Piguet is hiring, while the entry-level watch sector is suffering, The difficult transition of the luxury car sector to electric cars, To close its Climate Week, the LVMH Group highlights the environmental performance of its stores, Luxury retail : Lancel continues its conquest of innovation with Adyen, “Luxury, a necessary superfluity today?” : The 3rd wave of the Cetelem study, Mazars and Arianee join forces to analyse the transformation of the luxury sector. “Colette mon amour”: The documentary that traces the end of a “historical monument”. Here’s How Auction Houses Are Adapting to Meet Demand. Its estimate is $1.3 million - $1.5 million. With auction week in New York coming to an end, ARTnews has rounded-up some of the most notable sales achieved in the day sales at Christie’s, Sotheby’s, and Phillips. Amsterdam, Dubai, Geneva, Hong Kong, London, Milan, New York, Paris, Shanghai and Zurich. A 3.96-carat fancy deep blue diamond offered by Christie's. Guillaume Cerutti, CEO of Christie’s, explains that “the absence of a prestigious collection in the United States, such as SI Newhouse, Ebsworth or Rockefeller, has affected our performance. 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As the global coronavirus pandemic entered its second act (or third but who’s counting), auction houses had to adjust their plans on how they will hold their upcoming auctions in Geneva. * An earrings and ring set by David Webb featuring cabochon corals and circular-cut diamonds mounted on platinum and gold with an estimate of $5,559 - $7,782; A Cartier lapis lazuli bead bracelet offered by Christie's. * A diamond, sapphire, emerald, onyx and gold choker and earrings set by Marina B with an estimate of $22,235 - $33,353; M. Gérard diamond, rock crystal and lapis lazuli necklace and earrings set offered by Christie's. Upwards of 500 lots are normally on offer. But a tumultuous past pair of years has made it a key locus of art world speculation. Christopher Mason, author of The Art of the Steal: Inside the Sotheby's–Christie's Auction House Scandal, thinks billionaire Albert Taubman got a raw deal when he was sent to jail for price-fixing t Although Christie’s clocked up more auction sales than Sotheby’s, $6.5 billion against $6 billion (the rest comes from private sales they broker), the two firms have broadly similar overheads. The top three lots are: * A platinum ring set with an 18.03-carat D-color, flawless cushion-shaped diamond with excellent polish and symmetry (third photo). ISG Luxury Management Webinar: What to remember about Chantal Thomass’ presentation! Christie’s Magnificent Jewels Sale, November 10, 3 p.m. (9 a.m. EST). It was formerly in the collection of Henriette Hélène Porgès, the Marquise de la Ferté-Meun (1878-1946). Sotheby's has had to catch up on its rival Christie's, which has been playing at the luxury game since the early 2010s. Christie’s is a British auction house founded by James Christie in 1766. Sotheby's and Christie's are two of the largest and most well-known auction houses in the world, and in the mid 90's neither were making enough money from sellers' commissions to keep their large art empires afloat, therefore they decided to enter a price-fixing pact, whereby each auction house would offer the same commission rate. Sotheby’s and Christie’s Look to Luxury as a Coronavirus Antidote The world’s two biggest auction houses are selling more watches, jewelry and handbags, but art’s still where the money is. It is well known that in an English auction, the bidding begins low and edges upward as … However, with the pandemic still roaring through much of the world, the number of lots being offered by the two auction houses is down significantly. An 18.03-carat D-color, flawless cushion-shaped diamond is the top lot of Sotheby's Geneva sale. Nos newsletters de veille contribuent en effet à sensibiliser nos lecteurs aux mutations qui touchent les industries du luxe. It was formerly in the collection of the first Marques de Guirior (1708-1788), a Spanish naval officer and colonial administrator who served as Viceroy of New Granada and Viceroy of Peru. Alexandris says that it’s a buyer’s market, particularly when it comes to value. Christie’s also boasts a record for digital sales at $311 million, an increase of 262%. In 1955, it became the first international auction house after establishing itself in New York. Sotheby’s is one of two major art auction houses, and it carries one of the most recognizable and valuable brand names in the world. The main reason for this decline is the difficulty in finding valuable lots to offer as sellers are more reluctant in times of lockdown. [EN] CLAIRE DOMERGUE, A SPECIALIST IN COMMUNICATION IN THE LUXURY SECTOR, HAS SURROUNDED HERSELF WITH EXPERTS TO CREATE THE FIRST MEDIA DEDICATED TO THE ECONOMIC NEWS OF LUXURY AND FASHION. Diversity in the jewels and gems is also lacking. A fancy colored platinum and diamond necklace by Harry Winston offered by Sotheby's. The top lot in the sale are platinum and gold earrings (second photo) that feature a pair of pear-shaped brilliant-cut diamonds of 10.06 and 10.03 carats (both D-color, internally flawless, Type IIa), a fancy intense blue pear brilliant-cut diamond of 2.05 carats (VVSI clarity), a fancy grayish-blue pear modified brilliant-cut diamond of 2.06 carats, fancy intense pink marquise brilliant-cut diamonds of 1.07 (SI2 clarity) and 1.06 carat, and circular-cut diamonds. Auction house representatives bidding at Sotheby’s virtual auction on June 30th. Sotheby’s And Christie’s Auction Houses Bring Strong Prices Sotheby’s Auction House Scores Big! The idea behind Christie’s Lates is to bring new audiences into Christie’s. Both auction specialists have increased their online sales and more than 70% of Sotheby’s auctions took place online this year, compared to 30% in 2019, with more than 40% of new bidders on the web. In addition, there’s a pair of pendent ear clips set with oval, cushion- and pear-shaped emeralds, and cushion-shaped diamonds; and two jewels of the same design in closed back settings. Lots sold by Christie’s and Sotheby's are given an estimate and a … Normally, he says, there are more than 10 dealers and perspective buyers in a room sitting at separate tables who are able to view the jewels simultaneously. The top lot for the Geneva jewelry sales is a 14.83-carat fancy vivid purple-pink internally flawless diamond named “The Spirit of the Rose,” named after a celebrated Russian ballet, being offered by Sotheby’s. For Sotheby’s, auctions represented $3.5 billion, a 30% decrease from 2019, while for Christie’s, the decline is estimated at more than 40%, to $2.8 billion. In the lead-up to key London art sales this week, Christie’s and Sotheby’s have deepened their rivalry and sharpened their tactics. Read Less. Estimate: $2.6 million - $3.6 million, Henriette Hélène Porgès, the Marquise de la Ferté-Meun. Alexandris says while these restrictions are unavoidable, it makes it difficult for him and other jewelry trade professionals to do their jobs because they need a full day at each auction house to see all of the jewels. Grâce à une veille accrue et à une excellente connaissance du secteur, nous nous intéressons aux principaux enjeux économiques et technologiques de la mode, la haute horlogerie, la joaillerie, la gastronomie, des cosmétiques, parfums, de l’hôtellerie, l’immobilier de prestige…, COPYRIGHT 2020 LUXUS + ALL RIGHTS RESERVED, Our site uses cookies. Its estimate is $23 - $38 million. Its estimate is $918,000 - $1.5 million. Its estimate is $1.7 million - $2.7 million. * A 102.41-carat diamond with light brown color, S to T Range, and VVS2 clarity. Morin Oluwole (Global Head of Luxury at Facebook): “The concept of ‘corporate citizenship’ can be a determining factor in purchasing”. The Sotheby’s sale is led by diamonds and diamond jewels. Sotheby’s international team has cultivated strong relationships with the key collectors in the field, ... Sotheby's Chinese Works of Art Department holds two auctions each year in London, New York, Hong Kong and Paris. formerly in the collection of ... [+] Henriette Hélène Porgès, the Marquise de la Ferté-Meun. It’s mounted on a contemporary designed platinum ring. “Employees will each have their own desk and take client bids over the phones,” the Christie’s spokesperson said. The number two lot is a platinum and gold ring featuring a 28.88-carat, VVS2, fancy vivid yellow rectangular step-cut diamond (fourth photo) with an estimate of $2.6 million - $3.6 million. Art Deco diamond necklace by Cartier, circa 1925 offered by Sotheby's. The two auction houses Sotheby's and Christie's proved their resilience by adapting to new health measures implemented throughout the year, conducting more... Now Reading In 2020, Sotheby’s surpasses Christie’s in the world The past year has been a roller-coaster ride. A pair of diamond and fancy colored diamond earrings is the top lot at Christie's Geneva auction. The second is a gold necklace by Bulgari featuring 16 Columbian emeralds, each surrounded by marquise and circular-cut diamonds. In addition, both auction houses canceled public previews and will only hold private viewings by appointment. Highlights include: Bulgari gold “Serpernti” bracelet-watch offered by Christie's. Estimate: $1.6 - $2.6 million. “There has been a strong shift, with online sales multiplied by 5, but we have also chosen to maintain physical sales when possible or when it seemed the best option for our customers,” said Guillaume Cerutti. The Geneva auctions held twice per year are the most anticipated in the world of important collectible jewelry, offering a mix of exceptional diamonds and gemstones, royal and noble jewels, historical pieces with important provenance, and highly sought after signed and period pieces. ... [+] Estimate: $2.7 - $3.8 million. This week we seem to be focusing on some serious money-makers ranging from fashion labels to art auction houses. Sotheby’s says this parure is a “rare and very fine example of late 18th century jewelry … in its original form.” Its estimate is $700,000 - $1 million. Estimate $1.7 - $2.7 million. “This leadership spans several categories such as fine arts and luxury, and key regions, with our fifth consecutive year leading in Asia,” said Sotheby’s CEO Charles F. Stewart. A velvet black ribbon completes the elaborate gem. The acquisition also means that the world’s two leading auction houses are now in the private ownership of French billionaires, with Christie’s auction house bought by the Pinault family in 1998. It features carved ruby leaves, carved emeralds, onyx beads, single and old-cut diamonds. Estimate: $400,000 - $500,000. offered by Christie's. Sotheby's was founded in London in 1744 as a bookseller. Estimate: $2.6 ... [+] million - $3.6 million. Sotheby’s is the oldest company with 80 offices in 40 countries and listed on the New York Stock Exchange (IDD). He was known as the “Diamond King.” Its estimate is $400,000 - $500,000. Then there’s one person who registers visitors,” he says. Estimate: $4,447 - $6,671. Its estimate is $400,000 - $500,000. Sotheby’s and Christie’s enjoy an auction house monopoly, or more accurately a duopoly, in these signature categories, with a renascent Phillips hard on their heels in recent years. Christie's and Sotheby's have rich histories. My first magazine job was with a design and architecture trade publication where I received a first-hand education and appreciation of how good, innovative design can make the world a better place. * A fancy colored platinum and diamond necklace by Harry Winston composed of a line of variously cut fancy colored diamonds weighing from 0.78 to 1.30 carats, alternating with brilliant-cut diamonds. The live auction will be held November 11 at 8:30 p.m. CET (2:30 EST). Another piece with noble heritage is an Art Deco diamond necklace by Cartier, circa 1925. Both Christie’s and Sotheby’s organize their accessible lots into catalogues. We thought that in light of the recent economic chaos, we would shine the spotlight on the major money-makers and spenders. A gold and diamond brooch by Graff centered with an “exceptional” 107.46 carat fancy yellow diamond ... [+] offered by Christie's. “I think it’s the right time to buy goods if you have the money. © 2021 Forbes Media LLC. THE LATTER DRAWS THE ATTENTION OF ITS READERS TO ALL THE MAJOR PLAYERS IN THESE SECTORS WHO SHARE THEIR EXPERIENCES, VISIONS AND KNOW-HOW. Estimate: $700,000 - $1 ... [+] million. The two auction houses have canceled public viewings for its Geneva sales and will hold its live auctions, including jewelry sales, without an audience. [THE LUXURY JOURNALS] Jean-Luc Dechery (Camille Fournet): “Today, we are able to trace the origin of a bracelet.”, [THE LUXURY JOURNALS] 4 questions to Frank Boehly, President of the National Leather Council, [The Luxury Journals] Noémie Dumesnil (Authentic Material) : “Our goal is to maximize naturality and pedagogy for our clients”. This sale at the Mandarin Oriental hotel precedes the auction for the “Spirit of the Rose” and features pieces of important provenance along with rare diamonds. April 23, 2020 The Rich Are Still Buying Million-Dollar Jewelry. * A rare chrysoprase, coral, onyx and diamond necklace by Van Cleef & Arpels with a detachable pendant that can be worn as a brooch with an estimate of $33,353 - $44,471; A Marina B diamond, sapphire, emerald, onyx and gold choker and earrings set offered by Christie's. “It’s impossible for a second person to do a viewing [at the same time]. Colombian emerald and diamond parure, circa 1770, offered by Sotheby's. It’s one of six lots being offered by the Parisian jewelry house. These are hard conditions because even if you want to do a full viewing it is impossible to do so.”. Get notified about exclusive offers every week! In a previous life I was an award-winning daily newspaper reporter who moved to business and trade magazines and who now specializes in high jewelry and watches for. OUR NEWSLETTERS CONTRIBUTE TO MAKE OUR READERS AWARE OF THE CHANGES AFFECTING THE LUXURY INDUSTRIES. Read More. That makes four persons already. Auction location and estimates. Estimate: $8,894 - ... [+] $13,341. One of the important noble jewels on offer is a Colombian emerald and diamond parure, circa 1770, with a well-documented provenance (top photo). Meeting with Sylvain Gandolfo Director of ISG Luxury Management, [The Luxury Journals] Pauline Laigneau (Gemmyo) : “Le Gratin brought me the fresh air I needed!”, Luxury hotels: Palaces focus on take-away sales, Gucci unveils first images of its outdoor-chic capsule with The North Face. Sotheby’s achieved a higher figure than its rival, at $1.5 billion, but experienced a slightly lower decline of 50%. Livy: French know-how for top-of-the-range lingerie, [Luxus+ Magazine] Death of Enzo Mari, precursor of Italian design. The emeralds range in size from 1.88 carats to 9.61 carats and include cushion, pear and octagonal shapes. It’s centered by an 11.94-carat pear-shaped emerald. Founded in 1766, Christie's offers premier auctions and private sales of the finest art, antiques & interiors, jewelry & watches, wine and more. Owned by French billionaire art collector François Pinault, who also founded luxury goods group Kering, Christie's introduced online-only sales of designer handbags in 2012, and these particularly appealed to Asian buyers. This includes the jewelry sales being held by Christie’s and Sotheby’s. Estimate: $222,354 - $333,531. Luxury car: Tesla reaches half a million sales in 2020! A Cartier “Tutti-Frutti” bracelet offered by Christie's. In addition to this blog, you can find me at my "Jewelry News Network" blog and facebook page, on Instagram @jewelrynewsnetwork and on Twitter @jewelrynewsnet. Estimate: $722,650 - $1.1 million. Read also > PARIS STOCK EXCHANGE: LUXURY AND COSMETICS STOCKS BOOSTED BY THE PROSPECTS OF AN AGREEMENT BETWEEN THE EUROPEAN UNION AND CHINA. Study: Faced with the different appellations of diamonds, how do consumers find their way around? Browse and bid online, or contact our salerooms in London, New York, Paris, Hong Kong, Geneva and worldwide. In 2017, 37 percent of Christie’s online bidders were new to the auction house, and 53 percent of Sotheby’s. Its mouth contains a watch with a mechanical movement with a dial signed Jaeger-LeCoultre. The number two item among colored diamonds is a 3.96-carat fancy deep blue, pear-shaped modified brilliant-cut diamond with SI1 clarity. It’s one of 15 items on offer by the Roman jewelry house. Only two works of art alone sold for more than $25 million at auction, compared with nine last year. MORE THAN A SPECIALIZED WEBZINE, LUXUS PLUS IS A MULTI-SECTOR INFORMATION SYSTEM, WHICH HAS BECOME THE REFERENCE MONITORING TOOL FOR LUXURY AND FASHION PROFESSIONALS. A Bulgari emerald and diamond necklace offered by Christie's. She is the daughter of Jules Porgès, a French diamond pioneer who founded the Compagnie française de diamants du cap de Bonne-Espérance in the late 19th century. Auctions Top Auction Houses Saw Total Sales Drop in 2020—But Sotheby’s Outpaced Rival Christie’s With $5 Billion in Revenue. It is one of nine items being offered by the London jewelry house. It’s also a type IIa diamond, the most chemically pure. In Asia, where the health situation stabilized first, Sotheby’s made $982 million in sales, or 20% of its sales. Private sales, online … The pieces are there. The geometric designed jewel is set with circular-and rose-cut diamonds that support a detachable pendant swing-set with an 8.39-carat rose diamond within a frame of diamonds. Asians also obtained 9 of its 20 “top lots” for the year. Sotheby’s sale has 102 lots on offer while Christie’s is offering 158. ... [+] Estimate: $22,235 - $33,353. ... [+] Estimate: $22,235 - $33,353. Photo courtesy Sotheby’s. Estimate: $5,559 - $7,782. For example, there are few fancy colored diamonds, the stars of the international auction circuit that command the highest prices. 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