... [+] Estimate: $2.7 - $3.8 million. Christie’s reveals that it has made more sales of high-value items in online sales than in physical sales, and the multinational company is experiencing a 57% increase in online sales to $1.3 billion. Amsterdam, Dubai, Geneva, Hong Kong, London, Milan, New York, Paris, Shanghai and Zurich. 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. The emeralds range in size from 1.88 carats to 9.61 carats and include cushion, pear and octagonal shapes. ... [+] Estimate: $22,235 - $33,353. The idea behind Christie’s Lates is to bring new audiences into Christie’s. A 102.41-carat diamond pendant offered by Sotheby's with an estimate of $833,727 - $1.1 million. It features carved ruby leaves, carved emeralds, onyx beads, single and old-cut diamonds. A fancy colored platinum and diamond necklace by Harry Winston offered by Sotheby's. âI think itâs the right time to buy goods if you have the money. Christie's and Sotheby's have rich histories. They will accept absentee bids prior to the auction along with bids by phone and the Internet during the live sale. We thought that in light of the recent economic chaos, we would shine the spotlight on the major money-makers and spenders. Estimate $1.7 - $2.7 million. Estimate: $700,000 - $1 ... [+] million. Lots sold by Christie’s and Sotheby's are given an estimate and a … Itâs one of 15 items on offer by the Roman jewelry house. These are hard conditions because even if you want to do a full viewing it is impossible to do so.â. Eleven of the emeralds have âinsignificant to minor traditional clarity enhancement,â according to the auction house, and five emeralds are without clarity enhancement. Christie’s also boasts a record for digital sales at $311 million, an increase of 262%. Another piece with noble heritage is an Art Deco diamond necklace by Cartier, circa 1925. In Asia, where the health situation stabilized first, Sotheby’s made $982 million in sales, or 20% of its sales. [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. The second is a gold necklace by Bulgari featuring 16 Columbian emeralds, each surrounded by marquise and circular-cut diamonds. Sotheby's has had to catch up on its rival Christie's, which has been playing at the luxury game since the early 2010s. Browse and bid online, or contact our salerooms in London, New York, Paris, Hong Kong, Geneva and worldwide. Itâs mounted on a contemporary designed platinum ring. What challenges await Chloé’s new artistic director? Sotheby’s achieved a higher figure than its rival, at $1.5 billion, but experienced a slightly lower decline of 50%. Sothebyâs Magnificent and Noble Jewels, November 11, 6:30 p.m. (12:30 p.m. EST). 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. He remains in Geneva as travel in and out of the country is difficult. Asians also obtained 9 of its 20 “top lots” for the year. Sotheby’s And Christie’s Auction Houses Bring Strong Prices Sotheby’s Auction House Scores Big! 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. 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 publications around the world. Read More. Ce dernier attire tout particulièrement l’attention de ses lecteurs sur l’ensemble des acteurs majeurs de ces secteurs qui y partagent leurs expériences, visions et savoir-faire. * 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. * A gold âSerperntiâ bracelet-watch by Bulgari, 1960s, featuring marquise and circular-cut diamonds, and cabochon rubies. THE LATTER DRAWS THE ATTENTION OF ITS READERS TO ALL THE MAJOR PLAYERS IN THESE SECTORS WHO SHARE THEIR EXPERIENCES, VISIONS AND KNOW-HOW. The next two lots feature colored gems. The number two item among colored diamonds is a 3.96-carat fancy deep blue, pear-shaped modified brilliant-cut diamond with SI1 clarity. Get notified about exclusive offers every week! For example, there are few fancy colored diamonds, the stars of the international auction circuit that command the highest prices. The transformative jewel is detachable into segments in which one can be worn as a bracelet. Its estimate is $1.3 million - $1.5 million. Auction location and estimates. Almost immediately afterward the canton of Geneva imposed even tougher restrictions. Estimate: ... [+] $33,353 - $44,471. This includes the jewelry sales being held by Christieâs and Sothebyâs. formerly in the collection of ... [+] Henriette Hélène Porgès, the Marquise de la Ferté-Meun. “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. Estimate: $400,000 - $500,000. You may opt-out by. 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. “Colette mon amour”: The documentary that traces the end of a “historical monument”. * A 102.41-carat diamond with light brown color, S to T Range, and VVS2 clarity. Its estimate is $23 - $38 million. 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. 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. Photo courtesy Sotheby’s. This week we seem to be focusing on some serious money-makers ranging from fashion labels to art auction houses. Itâs centered by an 11.94-carat pear-shaped emerald. 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 Both Christie’s and Sotheby’s organize their accessible lots into catalogues. 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. offered by Christie's. Sales in 2015 totalled £4.8 billion (US$7.4 billion). Itâs attached to a white gold brooch in a circular flower motif lined with round and baguette-cut diamonds. 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 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. * 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. Its estimate is $918,000 - $1.5 million. 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Sotheby's was founded in London in 1744 as a bookseller. âItâs impossible for a second person to do a viewing [at the same time]. âEmployees will each have their own desk and take client bids over the phones,â the Christieâs spokesperson said. Estimate: $222,354 - $333,531. Its mouth contains a watch with a mechanical movement with a dial signed Jaeger-LeCoultre. 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. Highlights include: Bulgari gold âSerperntiâ bracelet-watch offered by Christie's. One of the important noble jewels on offer is a Colombian emerald and diamond parure, circa 1770, with a well-documented provenance (top photo). 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. 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. He was known as the âDiamond King.â Its estimate is $400,000 - $500,000. 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. Christie’s is a British auction house founded by James Christie in 1766. The main reason for this decline is the difficulty in finding valuable lots to offer as sellers are more reluctant in times of lockdown. Read also > PARIS STOCK EXCHANGE: LUXURY AND COSMETICS STOCKS BOOSTED BY THE PROSPECTS OF AN AGREEMENT BETWEEN THE EUROPEAN UNION AND CHINA. Only two works of art alone sold for more than $25 million at auction, compared with nine last year. A pair of diamond and fancy colored diamond earrings is the top lot at Christie's Geneva auction. Sotheby’s is the oldest company with 80 offices in 40 countries and listed on the New York Stock Exchange (IDD). Auction house representatives bidding at Sotheby’s virtual auction on June 30th. This includes a near-universal ban on public and private events of more than five people, inside and outside. The live auction will be held November 11 at 8:30 p.m. CET (2:30 EST). Its estimate is $400,000 - $500,000. Livy: French know-how for top-of-the-range lingerie, [Luxus+ Magazine] Death of Enzo Mari, precursor of Italian design. [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”. * 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. Read Less. Its estimate is $1.6 million - $2.6 million. Itâs one of six lots being offered by the Parisian jewelry house. 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The auction houses’ attempts to reach out to collectors also paid off: 24pc of all buyers in the first half of 2014 were new to Christie’s and 26pc new to Sotheby’s. As the global coronavirus pandemic entered its second act (or third but whoâs counting), auction houses had to adjust their plans on how they will hold their upcoming auctions in Geneva. PARIS, Dec. 8, 2020 /PRNewswire/ -- The world's two leading auction houses have historically moved neck and neck, but online sales have allowed Sotheby's to gain a … In 2017, 37 percent of Christie’s online bidders were new to the auction house, and 53 percent of Sotheby’s. 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. © 2021 Forbes Media LLC. * 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. 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. The top lot for the Geneva jewelry sales is a 14.83-carat fancy vivid purple-pink internally flawless diamond named âThe Spirit of the Rose,â named after a celebrated Russian ballet, being offered by Sothebyâs. 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. Art Deco diamond necklace by Cartier, circa 1925 offered by Sotheby's. In addition, both auction houses canceled public previews and will only hold private viewings by appointment. It is the worldâs largest vivid purple-pink diamond ever to appear at auction and was faceted from the largest pink rough diamond ever mined in Russia â a 27.85 carat pink crystal discovered in 2017. 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. Christie’s and Sotheby’s move up a gear… [16 Jul 2020] The major auction houses have done everything within their imaginative power to end the first season of 2020 with some kind of … 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. That makes four persons already. Private sales, online … On Sunday, Alexandris added that Sothebyâs is able to accommodate more buyers by creating separate areas he describes as âsmall boxes.â The auction house is booking appointments for one- and -two-hour intervals, he added. 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. In response, spokespersons for Sothebyâs and Christieâs said their live sales will be held without an audience. * 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. Estimate: ... [+] $918,000 - $1.5 million. * 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. Swiss authorities on October 29 imposed a range of new restrictions to halt an aggressive spread of the virus. The two auction houses have canceled public viewings for its Geneva sales and will hold its live auctions, including jewelry sales, without an audience. ... [+] Estimate: $22,235 - $33,353. 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. Despite the impossibility of holding indoor auctions for almost nine months, the auction specialists’ 2020 balance sheet is satisfactory. 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. The pieces are there. 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. Its estimate is $2.6 million - $3.6 million. Sothebyâs sale has 102 lots on offer while Christieâs is offering 158. Luxury car: Tesla reaches half a million sales in 2020! Here’s How Auction Houses Are Adapting to Meet Demand. 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. Luxury, ally or enemy of a more responsible society? It was formerly in the collection of Henriette Hélène Porgès, the Marquise de la Ferté-Meun (1878-1946). This 28.88-carat, VVS2, fancy vivid yellow diamond will appear at Christie's Geneva. Estimate: $2.6 million - $3.6 million. 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. The Sothebyâs sale is led by diamonds and diamond jewels. 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. Study: Faced with the different appellations of diamonds, how do consumers find their way around? The parure comprises five pieces, a necklace with a floral and foliate design in closed-back settings, collet-set with three step-cut emeralds highlighted with oval and circular-cut emeralds, single- and circular-cut diamonds. April 23, 2020 The Rich Are Still Buying Million-Dollar Jewelry. 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. To get a sense of the global market dynamics at play within Christie’s and Sotheby’s, lots were grouped according to city. Opinions expressed by Forbes Contributors are their own. Only 1-2% of mined diamonds receive this classification. 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. 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. Then thereâs one person who registers visitors,â he says. ISG Luxury Management Webinar: What to remember about Chantal Thomass’ presentation! Estimate: $4,447 - $6,671. In the lead-up to key London art sales this week, Christie’s and Sotheby’s have deepened their rivalry and sharpened their tactics. All Rights Reserved, This is a BETA experience. Itâs unclear whether these are brooches, earrings or have other uses. Its estimate is $2.7 million - $3.8 million. Estimate: $5,559 - $7,782. 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. A federal jury in the United States has indicted the former chairmen of the world's two largest auction houses, Sotheby's and Christies, on charges of overcharging its customers. Estimate: $722,650 - $1.1 million. Alexandris says that itâs a buyerâs market, particularly when it comes to value. A fitted case is included. 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. A Cartier âTutti-Fruttiâ bracelet offered by Christie's. 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 . Its estimate is $722,650 - $1.1 million. 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. ... Top 10 Standout Moments from Sotheby’s Autumn Auctions in Hong Kong 2020. The auction also features a selection of historic and modern jewels from all periods and from iconic jewelry houses such as Boivin, Boucheron, JAR and Van Cleef & Arpels, including a curated group of jewels from the 1970s. The next lot has received interest: a brooch by Graff centered with an âexceptionalâ 107.46 carat fancy yellow round-cornered square brilliant-cut diamond with VS2 clarity (sixth photo). It is one of nine items being offered by the London jewelry house. 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. This winter’s big accessory trend and must-have: fashion is rehabilitating the glove! Colombian emerald and diamond parure, circa 1770, offered by Sotheby's. 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. Its estimate is $833,727 - $1.1 million. Sothebyâs says this parure is a ârare and very fine example of late 18th century jewelry ⦠in its original form.â Its estimate is $700,000 - $1 million. Diversity in the jewels and gems is also lacking. 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. Estimate: $2.6 ... [+] million - $3.6 million. A couple of them are really fantastic.â, The 14.83-carat 'Spirit of the Rose' has an estimate of $23 - $38 million. 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. A velvet black ribbon completes the elaborate gem. But a tumultuous past pair of years has made it a key locus of art world speculation. In addition, thereâs 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. âIf I go to a private viewing, thereâs me, one person assigned to bring me the jewels, one or two security guards. It is well known that in an English auction, the bidding begins low and edges upward as … Itâs something I take with me while traveling the world and writing about the finer things in life. OUR NEWSLETTERS CONTRIBUTE TO MAKE OUR READERS AWARE OF THE CHANGES AFFECTING THE LUXURY INDUSTRIES. It is owned by Groupe Artémis, the holding company of François-Henri Pinault. “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. Estimate: $2.6 million - $3.6 million, Henriette Hélène Porgès, the Marquise de la Ferté-Meun. Its estimate is $2 million - $3.1 million. In 1955, it became the first international auction house after establishing itself in New York. A Bulgari emerald and diamond necklace offered by Christie's. Plus qu’un webzine spécialisé, Luxus Plus est un système d’information multi-sectoriel, devenu l’outil de veille de référence pour les professionnels du luxe et de la mode. One of the top lots receiving a lot of interest is an Art Deco multi-gem âTutti-Fruttiâ platinum bracelet by Cartier, circa 1925. Founded in 1766, Christie's offers premier auctions and private sales of the finest art, antiques & interiors, jewelry & watches, wine and more. 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. Patrick Drahi, owner of Sotheby’s, and François Pinault, with his house Christie’s, are the first to regain the upper hand this year, with more than $5 billion in sales for the American company (down 16% compared to 2019), compared to $4.4 billion for the British company (down 25%). Morin Oluwole (Global Head of Luxury at Facebook): “The concept of ‘corporate citizenship’ can be a determining factor in purchasing”. Estimate: $1.6 - $2.6 million. A 3.96-carat fancy deep blue diamond offered by Christie's. Its estimate is $222,354 - $333,531; A Van Cleef & Arpels onyx, coral and diamond brooch and earring set offered by Christie's with an ... [+] estimate of $33,353 - $44,471. An 18.03-carat D-color, flawless cushion-shaped diamond is the top lot of Sotheby's Geneva sale. Itâs also a type IIa diamond, the most chemically pure. Christie’s sold 34% of its lots in Asia, compared with 33% to Americans and 33% to Europeans, Middle Easterners and Africans. Estimate: $8,894 - ... [+] $13,341. * A diamond, rock crystal and lapis lazuli necklace and earrings set by M. Gérard with an estimate of $22,235 - $33,353; David Webb gold and diamond necklace and earrings set 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. 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 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. 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). Its estimate is $1.7 million - $2.7 million. Upwards of 500 lots are normally on offer. Christieâs Magnificent Jewels Sale, November 10, 3 p.m. (9 a.m. EST). 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