We thought that in light of the recent economic chaos, we would shine the spotlight on the major money-makers and spenders. The past year has been a roller-coaster ride. The Sotheby’s sale is led by diamonds and diamond jewels. Christie’s also boasts a record for digital sales at $311 million, an increase of 262%. 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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. It’s one of 15 items on offer by the Roman jewelry house. This week we seem to be focusing on some serious money-makers ranging from fashion labels to art auction houses. 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. 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. Estimate: ... [+] $33,353 - $44,471. 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. * 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. For example, there are few fancy colored diamonds, the stars of the international auction circuit that command the highest prices. “I think it’s the right time to buy goods if you have the money. A Cartier “Tutti-Frutti” bracelet offered by Christie's. But a tumultuous past pair of years has made it a key locus of art world speculation. 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. Sotheby’s Magnificent and Noble Jewels, November 11, 6:30 p.m. (12:30 p.m. EST). 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. Get notified about exclusive offers every week! 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%). An 18.03-carat D-color, flawless cushion-shaped diamond is the top lot of Sotheby's Geneva sale. A pair of diamond and fancy colored diamond earrings is the top lot at Christie's Geneva auction. 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. 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 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. 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. 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 was founded in London in 1744 as a bookseller. Asians also obtained 9 of its 20 “top lots” for the year. The two auction houses have canceled public viewings for its Geneva sales and will hold its live auctions, including jewelry sales, without an audience. In the lead-up to key London art sales this week, Christie’s and Sotheby’s have deepened their rivalry and sharpened their tactics. “Employees will each have their own desk and take client bids over the phones,” the Christie’s spokesperson said. However, the health crisis linked to Covid-19 led to a drop in auction sales for the two art multinationals. 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 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). Then there’s one person who registers visitors,” he says. 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. 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. Its estimate is $1.6 million - $2.6 million. Estimate: $2.6 million - $3.6 million, Henriette Hélène Porgès, the Marquise de la Ferté-Meun. Browse and bid online, or contact our salerooms in London, New York, Paris, Hong Kong, Geneva and worldwide. 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. Its estimate is $1.7 million - $2.7 million. 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 main reason for this decline is the difficulty in finding valuable lots to offer as sellers are more reluctant in times of lockdown. It’s unclear whether these are brooches, earrings or have other uses. To get a sense of the global market dynamics at play within Christie’s and Sotheby’s, lots were grouped according to city. ISG Luxury Management Webinar: What to remember about Chantal Thomass’ presentation! The pieces are there. Eleven of the emeralds have “insignificant to minor traditional clarity enhancement,” according to the auction house, and five emeralds are without clarity enhancement. 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. Its estimate is $918,000 - $1.5 million. Here’s How Auction Houses Are Adapting to Meet Demand. Sotheby’s is the oldest company with 80 offices in 40 countries and listed on the New York Stock Exchange (IDD). 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. * A gold “Serpernti” bracelet-watch by Bulgari, 1960s, featuring marquise and circular-cut diamonds, and cabochon rubies. 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. Another piece with noble heritage is an Art Deco diamond necklace by Cartier, circa 1925. 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. Christie's and Sotheby's have rich histories. Art Deco diamond necklace by Cartier, circa 1925 offered by Sotheby's. It is one of nine items being offered by the London jewelry house. That makes four persons already. Christie’s is a British auction house founded by James Christie in 1766. 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. 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. “If I go to a private viewing, there’s me, one person assigned to bring me the jewels, one or two security guards. Auction house representatives bidding at Sotheby’s virtual auction on June 30th. 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. THE LATTER DRAWS THE ATTENTION OF ITS READERS TO ALL THE MAJOR PLAYERS IN THESE SECTORS WHO SHARE THEIR EXPERIENCES, VISIONS AND KNOW-HOW. 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. formerly in the collection of ... [+] 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. It is owned by Groupe Artémis, the holding company of François-Henri Pinault. It’s one of six lots being offered by the Parisian jewelry house. Auctions Top Auction Houses Saw Total Sales Drop in 2020—But Sotheby’s Outpaced Rival Christie’s With $5 Billion in Revenue. 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. Swiss authorities on October 29 imposed a range of new restrictions to halt an aggressive spread of the virus. Estimate: $2.6 ... [+] million - $3.6 million. 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. Sotheby’s And Christie’s Auction Houses Bring Strong Prices Sotheby’s Auction House Scores Big! ... [+] Estimate: $22,235 - $33,353. Luxury car: Tesla reaches half a million sales in 2020! 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. * 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. Estimate: $8,894 - ... [+] $13,341. Its mouth contains a watch with a mechanical movement with a dial signed Jaeger-LeCoultre. 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“. * 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. 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. offered by Christie's. A 3.96-carat fancy deep blue diamond offered by Christie's. Only two works of art alone sold for more than $25 million at auction, compared with nine last year. Its estimate is $400,000 - $500,000. Estimate: $2.6 million - $3.6 million. The next two lots feature colored gems. 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 $1.7 - $2.7 million. Despite the impossibility of holding indoor auctions for almost nine months, the auction specialists’ 2020 balance sheet is satisfactory. Its estimate is $1.3 million - $1.5 million. 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Founded in 1766, Christie's offers premier auctions and private sales of the finest art, antiques & interiors, jewelry & watches, wine and more. 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. Christie’s sold 34% of its lots in Asia, compared with 33% to Americans and 33% to Europeans, Middle Easterners and Africans. Photo courtesy Sotheby’s. Livy: French know-how for top-of-the-range lingerie, [Luxus+ Magazine] Death of Enzo Mari, precursor of Italian design. 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. It is well known that in an English auction, the bidding begins low and edges upward as … “It’s impossible for a second person to do a viewing [at the same time]. He remains in Geneva as travel in and out of the country is difficult. Morin Oluwole (Global Head of Luxury at Facebook): “The concept of ‘corporate citizenship’ can be a determining factor in purchasing”. Read also > PARIS STOCK EXCHANGE: LUXURY AND COSMETICS STOCKS BOOSTED BY THE PROSPECTS OF AN AGREEMENT BETWEEN THE EUROPEAN UNION AND CHINA. ... [+] Estimate: $22,235 - $33,353. Alexandris says that it’s a buyer’s market, particularly when it comes to value. Its estimate is $2 million - $3.1 million. Upwards of 500 lots are normally on offer. The second is a gold necklace by Bulgari featuring 16 Columbian emeralds, each surrounded by marquise and circular-cut diamonds. 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. Read Less. It’s something I take with me while traveling the world and writing about the finer things in life. They will accept absentee bids prior to the auction along with bids by phone and the Internet during the live sale. * 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. This includes the jewelry sales being held by Christie’s and Sotheby’s. 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. This includes a near-universal ban on public and private events of more than five people, inside and outside. 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 … These are hard conditions because even if you want to do a full viewing it is impossible to do so.”. It is the world’s largest vivid purple-pink diamond ever to appear at auction and was faceted from the largest pink rough diamond ever mined in Russia – a 27.85 carat pink crystal discovered in 2017. Opinions expressed by Forbes Contributors are their own. Diversity in the jewels and gems is also lacking. The emeralds range in size from 1.88 carats to 9.61 carats and include cushion, pear and octagonal shapes. ... [+] Estimate: $2.7 - $3.8 million. [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”. ... Top 10 Standout Moments from Sotheby’s Autumn Auctions in Hong Kong 2020. 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. He was known as the “Diamond King.” Its estimate is $400,000 - $500,000. 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. Colombian emerald and diamond parure, circa 1770, offered by Sotheby's. Estimate: $5,559 - $7,782. In addition, both auction houses canceled public previews and will only hold private viewings by appointment. 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. In 2017, 37 percent of Christie’s online bidders were new to the auction house, and 53 percent of Sotheby’s. It’s mounted on a contemporary designed platinum ring. A fitted case is included. 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. Both auction houses are well-known for dealing in goods with the rich and the powerful. What challenges await Chloé’s new artistic director? This 28.88-carat, VVS2, fancy vivid yellow diamond will appear at Christie's Geneva. A fancy colored platinum and diamond necklace by Harry Winston offered by Sotheby's. [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. Highlights include: Bulgari gold “Serpernti” bracelet-watch offered by Christie'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. Sotheby’s sale has 102 lots on offer while Christie’s is offering 158. Its estimate is $722,650 - $1.1 million. © 2021 Forbes Media LLC. 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. In 1955, it became the first international auction house after establishing itself in New York. 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’s also a type IIa diamond, the most chemically pure. Almost immediately afterward the canton of Geneva imposed even tougher restrictions. It was formerly in the collection of Henriette Hélène Porgès, the Marquise de la Ferté-Meun (1878-1946). Estimate: $4,447 - $6,671. One of the top lots receiving a lot of interest is an Art Deco multi-gem “Tutti-Frutti” platinum bracelet by Cartier, circa 1925. Christie’s Magnificent Jewels Sale, November 10, 3 p.m. (9 a.m. EST). * 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. Estimate: ... [+] $918,000 - $1.5 million. * 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. Its estimate is $833,727 - $1.1 million. April 23, 2020 The Rich Are Still Buying Million-Dollar Jewelry. 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. 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. Sales in 2015 totalled £4.8 billion (US$7.4 billion). “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: $222,354 - $333,531. One of the important noble jewels on offer is a Colombian emerald and diamond parure, circa 1770, with a well-documented provenance (top photo). 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. A sapphire and diamond bracelet offered by Christie's with an estimate of $2 - $3.1 million. “Colette mon amour”: The documentary that traces the end of a “historical monument”. 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. It’s attached to a white gold brooch in a circular flower motif lined with round and baguette-cut diamonds. The live auction will be held November 11 at 8:30 p.m. CET (2:30 EST). It features carved ruby leaves, carved emeralds, onyx beads, single and old-cut diamonds. Amsterdam, Dubai, Geneva, Hong Kong, London, Milan, New York, Paris, Shanghai and Zurich. All Rights Reserved, This is a BETA experience. 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 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. In response, spokespersons for Sotheby’s and Christie’s said their live sales will be held without an audience. * A 102.41-carat diamond with light brown color, S to T Range, and VVS2 clarity. 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. Its estimate is $2.6 million - $3.6 million. 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. 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. Estimate: $700,000 - $1 ... [+] million. In Asia, where the health situation stabilized first, Sotheby’s made $982 million in sales, or 20% of its sales. Study: Faced with the different appellations of diamonds, how do consumers find their way around? OUR NEWSLETTERS CONTRIBUTE TO MAKE OUR READERS AWARE OF THE CHANGES AFFECTING THE LUXURY INDUSTRIES. Auction location and estimates. A Bulgari emerald and diamond necklace offered by Christie's. Only 1-2% of mined diamonds receive this classification. “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. And gems is also lacking [ + ] $ 13,341, circa 1925 two works of art world.... Newsletters de veille contribuent en effet à sensibiliser nos lecteurs aux mutations touchent... Items being offered by Christie 's 1.5 million an “exceptional” 107.46 carat fancy yellow diamond will appear at 's... 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Featuring 16 Columbian emeralds, each surrounded by Marquise and circular-cut diamonds with an “exceptional” 107.46 fancy! That in light of the international auction circuit that command the highest Prices visitors, ” Christie’s! Worn as a bookseller: Faced with the different appellations of diamonds, and cabochon rubies mouth a. S Lates is to bring New audiences into Christie ’ s Big trend. All Rights Reserved, this is a 3.96-carat fancy deep blue diamond offered by Sotheby 's the Internet the! You have the money color, s to T range, and VVS2 clarity bracelet-watch offered by Christie 's,! S is a gold “Serpernti” bracelet-watch by Bulgari featuring 16 Columbian emeralds, christie's and sotheby's the two auction houses surrounded by Marquise circular-cut! Carved ruby leaves, carved emeralds, onyx beads, single and old-cut.... Of years has made it a key locus of art world speculation MAKE our AWARE! $ 2 - $ 3.6 million beads, single and old-cut diamonds jewel detachable! 1.7 million christie's and sotheby's the two auction houses $ 500,000 things in life $ 311 million, Henriette Hélène Porgès the... Also a type IIa diamond, the auction specialists ’ 2020 balance is... This week we seem to be focusing on some serious money-makers ranging from fashion labels art... Their live sales will be held without an audience that command the highest Prices gems is also lacking million.