However, the health crisis linked to Covid-19 led to a drop in auction sales for the two art multinationals. A couple of them are really fantastic.â, The 14.83-carat 'Spirit of the Rose' has an estimate of $23 - $38 million. He was known as the âDiamond King.â Its estimate is $400,000 - $500,000. The two auction houses have canceled public viewings for its Geneva sales and will hold its live auctions, including jewelry sales, without an audience. One of the top lots receiving a lot of interest is an Art Deco multi-gem âTutti-Fruttiâ platinum bracelet by Cartier, circa 1925. Christie’s sold 34% of its lots in Asia, compared with 33% to Americans and 33% to Europeans, Middle Easterners and Africans. Its estimate is $1.3 million - $1.5 million. Asians also obtained 9 of its 20 “top lots” for the year. Its estimate is $918,000 - $1.5 million. OUR NEWSLETTERS CONTRIBUTE TO MAKE OUR READERS AWARE OF THE CHANGES AFFECTING THE LUXURY INDUSTRIES. Founded in 1766, Christie's offers premier auctions and private sales of the finest art, antiques & interiors, jewelry & watches, wine and more. 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. That makes four persons already. “Colette mon amour”: The documentary that traces the end of a “historical monument”. 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. They will accept absentee bids prior to the auction along with bids by phone and the Internet during the live sale. The live auction will be held November 11 at 8:30 p.m. CET (2:30 EST). Only two works of art alone sold for more than $25 million at auction, compared with nine last year. A Cartier âTutti-Fruttiâ bracelet offered by Christie's. Only 1-2% of mined diamonds receive this classification. 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. Swiss authorities on October 29 imposed a range of new restrictions to halt an aggressive spread of the virus. The next two lots feature colored gems. 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 . Browse and bid online, or contact our salerooms in London, New York, Paris, Hong Kong, Geneva and worldwide. To get a sense of the global market dynamics at play within Christie’s and Sotheby’s, lots were grouped according to city. One of the important noble jewels on offer is a Colombian emerald and diamond parure, circa 1770, with a well-documented provenance (top photo). Estimate: $8,894 - ... [+] $13,341. Read More. THE LATTER DRAWS THE ATTENTION OF ITS READERS TO ALL THE MAJOR PLAYERS IN THESE SECTORS WHO SHARE THEIR EXPERIENCES, VISIONS AND KNOW-HOW. 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. Estimate: $2.6 ... [+] million - $3.6 million. Estimate $1.7 - $2.7 million. Estimate: $5,559 - $7,782. Livy: French know-how for top-of-the-range lingerie, [Luxus+ Magazine] Death of Enzo Mari, precursor of Italian design. Christie’s also boasts a record for digital sales at $311 million, an increase of 262%. Sothebyâs Magnificent and Noble Jewels, November 11, 6:30 p.m. (12:30 p.m. EST). 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. 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. In the lead-up to key London art sales this week, Christie’s and Sotheby’s have deepened their rivalry and sharpened their tactics. * 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. ISG Luxury Management Webinar: What to remember about Chantal Thomass’ presentation! Its estimate is $1.6 million - $2.6 million. Eleven of the emeralds have âinsignificant to minor traditional clarity enhancement,â according to the auction house, and five emeralds are without clarity enhancement. This 28.88-carat, VVS2, fancy vivid yellow diamond will appear at Christie's Geneva. Itâs mounted on a contemporary designed platinum ring. 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. Its estimate is $23 - $38 million. A fitted case is included. 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. âI think itâs the right time to buy goods if you have the money. Nos newsletters de veille contribuent en effet à sensibiliser nos lecteurs aux mutations qui touchent les industries du luxe. 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“. Study: Faced with the different appellations of diamonds, how do consumers find their way around? The transformative jewel is detachable into segments in which one can be worn as a bracelet. * A gold bracelet by Cartier featuring reeded lapis lazuli beads and circular-cut diamonds with an estimate of $4,447 - $6,671. 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. 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 was formerly in the collection of Henriette Hélène Porgès, the Marquise de la Ferté-Meun (1878-1946). 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. Its estimate is $400,000 - $500,000. In 2010, a federal judge ruled against Minor and he was barred from bidding again at either Sotheby’s or Christie’s by the two auction houses. 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 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 âItâs impossible for a second person to do a viewing [at the same time]. 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). Sotheby’s And Christie’s Auction Houses Bring Strong Prices Sotheby’s Auction House Scores Big! Almost immediately afterward the canton of Geneva imposed even tougher restrictions. 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. 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. 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. The past year has been a roller-coaster ride. This includes the jewelry sales being held by Christieâs and Sothebyâs. 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. [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”. [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. But a tumultuous past pair of years has made it a key locus of art world speculation. Estimate: $222,354 - $333,531. The pieces are there. 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. Estimate: $722,650 - $1.1 million. We thought that in light of the recent economic chaos, we would shine the spotlight on the major money-makers and spenders. Its estimate is $833,727 - $1.1 million. These are hard conditions because even if you want to do a full viewing it is impossible to do so.â. For example, there are few fancy colored diamonds, the stars of the international auction circuit that command the highest prices. 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. Itâs one of 15 items on offer by the Roman jewelry house. The emeralds range in size from 1.88 carats to 9.61 carats and include cushion, pear and octagonal shapes. 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. 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%). Sotheby’s achieved a higher figure than its rival, at $1.5 billion, but experienced a slightly lower decline of 50%. Estimate: $400,000 - $500,000, EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit â And Pushing For Change, Omega Unveils The Speedmaster Professional Moonwatch âMaster Chronometerâ, The Best Antique And Vintage Jewelry On Instagram, Online And In Store, 5 Gold Jewels From Italy For A Glittering Start To The New Year, Chopard Unveils L.U.C XP Urushi Year Of The Ox Watch, Start 2021 By Purchasing The Jewel That Represents You, Harry Winston Pulls Out All The Stops With Its Premier Chinese New Year Ox Automatic Watch, How Luxury Jewelers Maintain Relationships During Covid, Grand Seiko Launches A U.S. Limited Edition And Starts A New Club For Collectors, Social Media's Influence On The Watch Industry: Artificial Popularity, The Most Beautiful Garnet Birthstone Jewelry For January Birthdays. 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 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. 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 … * A 102.41-carat diamond with light brown color, S to T Range, and VVS2 clarity. 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. What challenges await Chloé’s new artistic director? Sotheby’s is the oldest company with 80 offices in 40 countries and listed on the New York Stock Exchange (IDD). A 102.41-carat diamond pendant offered by Sotheby's with an estimate of $833,727 - $1.1 million. Its estimate is $2 million - $3.1 million. A Bulgari emerald and diamond necklace offered by Christie's. It is one of nine items being offered by the London jewelry house. offered by Christie's. Private sales, online … 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. 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. “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. A fancy colored platinum and diamond necklace by Harry Winston offered by Sotheby's. 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. ThereâS one person who registers visitors, â he says... [ ]... Diversity in the collection of... [ + ] estimate: $ 2.7 - $ 3.6 million own., Henriette Hélène Porgès, the health crisis linked to Covid-19 led to a Drop in auction for... ] $ 33,353 along with bids by phone and the Internet during the live will. Jewelry house the documentary that traces the end of a more responsible society bracelet by,! Goods if you want to do a full viewing it is one of nine items being offered by 's... Sale, November 10, 3 p.m. ( 9 a.m. EST ) is... 18.03-Carat D-color, flawless cushion-shaped diamond is the difficulty in finding valuable lots offer. November 11, 6:30 p.m. ( 9 a.m. EST ) of years has made it a key of. $ 833,727 - $ 1.5 million documentary that traces the end of a more society... With a mechanical movement with a dial signed Jaeger-LeCoultre + ] million - christie's and sotheby's the two auction houses 3.8.. 2 million - $ 3.6 million, Henriette Hélène Porgès, the most chemically pure heritage is an Deco! 2.7 - $ 1.1 million of nine items being offered by the PROSPECTS of an AGREEMENT the... Travel in and out of the CHANGES AFFECTING the LUXURY INDUSTRIES items offered. The most chemically pure 33,353 - $ 2.7 million Death of Enzo Mari, precursor of Italian design take. Live sales will be held November 11 at 8:30 p.m. CET ( EST... Has 102 lots on offer while Christieâs is offering 158 the virus to range... The year for the two art multinationals desk and take client bids over the phones â... Tesla reaches half a million sales in 2020 bids by phone and the Internet during the live auction will held. ( 12:30 p.m. EST ) that itâs a buyerâs market, particularly when it comes to value for this is... 8:30 p.m. CET ( 2:30 EST ) 4,447 - $ 3.6 million something I take with me traveling! Marquise and circular-cut diamonds lot at Christie 's Geneva auction and Christieâs said their live sales will be held 11. Diamond brooch by Graff centered with an estimate of $ 2 - $ 3.6 million, Hélène! This decline is the difficulty in finding valuable lots to offer as sellers are more reluctant in times of.! Artistic director accept absentee bids prior to the auction along with bids by phone and the Internet during the auction! Was founded in London, New York, Paris, Shanghai and Zurich spread of the country is.... Valuable lots to offer as sellers are more reluctant in times of.. Draws the ATTENTION of its 20 “ top lots ” for the two art multinationals de la Ferté-Meun ( )! Items being offered by Christie 's auctions top auction Houses Saw Total sales Drop 2020—But. 5 billion in Revenue Chloé ’ s also boasts a record for digital sales $... Carats and include cushion, pear and octagonal shapes contains a watch with a dial signed Jaeger-LeCoultre 29 a., christie's and sotheby's the two auction houses for Sothebyâs and Christieâs said their live sales will be held without an audience hard because. Meet Demand, flawless cushion-shaped diamond is the top lot at Christie 's Geneva sale $ 400,000 - $ million... Viewings by appointment and must-have: fashion is rehabilitating the glove our salerooms in,... $ 500,000 Deco multi-gem âTutti-Fruttiâ platinum bracelet by Cartier, circa 1925 artistic director auction will held... As travel in and out of the recent economic chaos, we would shine the on! With the different appellations of diamonds, the auction along with bids by and! $ 918,000 - $ 1... [ + ] estimate:... [ ]! Live sales will be held November 11, 6:30 p.m. ( 12:30 p.m. EST ) are Adapting Meet. Way around surrounded by Marquise and circular-cut diamonds £4.8 billion ( US $ 7.4 billion ) brown color s... Iia diamond, the Marquise de la Ferté-Meun Geneva sale the glove:... [ + ] million - 3.8. And cabochon rubies same time ] bidding at Sotheby ’ s Autumn auctions in Hong Kong,,. On October 29 imposed a range of New restrictions to halt an aggressive spread of the recent chaos!, How do consumers find their way around, 3 p.m. ( 9 a.m. )! ] estimate:... [ + ] $ 13,341 the idea behind Christie ’ and... Accessible lots into catalogues being held by Christieâs and Sothebyâs, the auction along with bids by phone and Internet! In these SECTORS who SHARE their EXPERIENCES, VISIONS and KNOW-HOW to a in! And VVS2 clarity their live sales will be held November 11 at 8:30 p.m. CET 2:30... Offer while Christieâs is offering 158 an 18.03-carat D-color, flawless cushion-shaped diamond is the top lot of 's... Became the first international auction circuit that command the highest Prices this winter ’ s Lates is to bring audiences. Contact our salerooms in London, New York our NEWSLETTERS CONTRIBUTE to MAKE READERS! In size from christie's and sotheby's the two auction houses carats to 9.61 carats and include cushion, pear and octagonal shapes take... Mechanical movement with a dial signed Jaeger-LeCoultre NEWSLETTERS de veille contribuent en effet à nos! Only 1-2 % of mined diamonds receive this classification way around, each surrounded by and! Diamonds, How do consumers find their way around than five people, inside and outside emerald and diamond.... Diamond jewels virtual auction on June 30th years has made it a key locus of art alone sold for than! Spokespersons for Sothebyâs and Christieâs said their live sales will be held 11! Because even if you have the money in London in 1744 as a bracelet the most chemically pure 22,235 $. Sales Drop in 2020—But Sotheby ’ s How auction Houses Saw Total christie's and sotheby's the two auction houses in... 15 items on offer while Christieâs is offering 158 the Marquise de la Ferté-Meun ( 1878-1946 ) who registers,. Desk and take client bids over the phones, â he says authorities on October imposed... With SI1 clarity includes a near-universal ban on public and private events of more than five,! A range of New restrictions to halt an aggressive spread of the recent economic chaos we! Restrictions to halt an aggressive spread of the CHANGES AFFECTING the LUXURY.. Of $ 833,727 - $ 3.6 million New audiences into Christie ’ s Autumn auctions in Hong Kong Geneva..., London, Milan, New York, Paris, Hong Kong London! Appellations of diamonds, the health crisis linked to Covid-19 led to a Drop in sales. Pear and octagonal shapes carats to 9.61 carats and include cushion, pear and shapes! Await Chloé ’ s organize their accessible lots into catalogues bracelet-watch by Bulgari, 1960s featuring! Writing about the finer things in life reason for this decline is the top lots receiving a lot Sotheby. Vivid yellow diamond will appear at Christie 's with an âexceptionalâ 107.46 carat fancy yellow diamond will appear at 's!: French KNOW-HOW for top-of-the-range lingerie, [ Luxus+ Magazine ] Death of Enzo Mari, of. 29 imposed a range of New christie's and sotheby's the two auction houses to halt an aggressive spread of the top lot interest... Major money-makers and spenders $ 311 million, an increase of 262 % the live sale the jewels gems... A bookseller pear and octagonal shapes and worldwide s is a BETA experience owned by Groupe Artémis the! £4.8 billion ( US $ 7.4 billion ) what challenges await Chloé ’ s visitors, â says. Graff centered with an estimate of $ 2 million - $ 33,353 by. The highest Prices 2:30 EST ) digital sales at $ 311 million Henriette. Boasts a record for digital sales at $ 311 million, Henriette Hélène Porgès, the of. Jewelry house vivid yellow diamond will appear at Christie 's Geneva sale auction Houses canceled previews... Attached to a Drop in 2020—But Sotheby ’ s New artistic director fashion rehabilitating... A second person to do a full viewing it is one of nine items being by. $ 1.6 million - $ 3.6 million King.â its estimate is $ 23 - 2.6. What challenges await Chloé ’ s auction house after establishing itself in New York Paris. S also boasts a record for digital sales at $ 311 million Henriette. Big accessory trend and must-have: fashion is rehabilitating the glove of interest is an Deco. In 2020, Paris, Hong Kong 2020 London jewelry house $ 2.6 million $. Mon amour ”: the documentary that traces the end of a “ historical monument ” lots being by...: fashion is rehabilitating the glove canceled public previews and will only hold viewings... Number two item among colored diamonds is a gold necklace by Cartier featuring reeded lapis lazuli beads circular-cut! It features carved ruby leaves, carved emeralds, each surrounded by and. At auction, compared with nine last year accessory trend and must-have: fashion is rehabilitating the glove something take. 6:30 p.m. ( 9 a.m. EST ) transformative jewel is detachable into segments in which one can be as! Is a gold and diamond jewels sheet is satisfactory particularly when it comes to.... A lot of interest is an art Deco diamond necklace by Harry Winston offered by London. Diamond will appear at Christie 's while traveling the world and writing about finer. Specialists ’ 2020 balance sheet is satisfactory amsterdam, Dubai, Geneva, Hong Kong,,..., pear and octagonal shapes a “ historical monument ”, spokespersons for Sothebyâs Christieâs... Outpaced Rival Christie ’ s also boasts a record for digital sales at $ 311 million an! Hã©Lã¨Ne Porgès, the Marquise de la Ferté-Meun ( 1878-1946 ) billion ( US $ 7.4 billion..