christie's and sotheby's the two auction houses

A fancy colored platinum and diamond necklace by Harry Winston offered by Sotheby's. Highlights include: Bulgari gold “Serpernti” bracelet-watch offered by Christie's. Estimate: $2.6 million - $3.6 million, Henriette Hélène Porgès, the Marquise de la Ferté-Meun. The number two item among colored diamonds is a 3.96-carat fancy deep blue, pear-shaped modified brilliant-cut diamond with SI1 clarity. 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. 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. Auction location and estimates. 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. 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 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. Its estimate is $2.6 million - $3.6 million. Its estimate is $1.3 million - $1.5 million. A fitted case is included. It’s mounted on a contemporary designed platinum ring. 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. 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. * 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. All Rights Reserved, This is a BETA experience. It is well known that in an English auction, the bidding begins low and edges upward as … It’s one of six lots being offered by the Parisian jewelry house. THE LATTER DRAWS THE ATTENTION OF ITS READERS TO ALL THE MAJOR PLAYERS IN THESE SECTORS WHO SHARE THEIR EXPERIENCES, VISIONS AND KNOW-HOW. Its estimate is $722,650 - $1.1 million. Christie’s Magnificent Jewels Sale, November 10, 3 p.m. (9 a.m. EST). One of the important noble jewels on offer is a Colombian emerald and diamond parure, circa 1770, with a well-documented provenance (top photo). Sotheby's has had to catch up on its rival Christie's, which has been playing at the luxury game since the early 2010s. Luxury car: Tesla reaches half a million sales in 2020! Its estimate is $918,000 - $1.5 million. ... [+] Estimate: $2.7 - $3.8 million. 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. 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. * 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. 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. The transformative jewel is detachable into segments in which one can be worn as a bracelet. Eleven of the emeralds have “insignificant to minor traditional clarity enhancement,” according to the auction house, and five emeralds are without clarity enhancement. A Bulgari emerald and diamond necklace offered by Christie's. Morin Oluwole (Global Head of Luxury at Facebook): “The concept of ‘corporate citizenship’ can be a determining factor in purchasing”. Estimate: $5,559 - $7,782. Nos newsletters de veille contribuent en effet à sensibiliser nos lecteurs aux mutations qui touchent les industries du luxe. An 18.03-carat D-color, flawless cushion-shaped diamond is the top lot of Sotheby's Geneva sale. © 2021 Forbes Media LLC. offered by Christie's. Christie’s sold 34% of its lots in Asia, compared with 33% to Americans and 33% to Europeans, Middle Easterners and Africans. “Employees will each have their own desk and take client bids over the phones,” the Christie’s spokesperson said. 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 . 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. Its estimate is $400,000 - $500,000. Estimate: $2.6 million - $3.6 million. The pieces are there. The two auction houses have canceled public viewings for its Geneva sales and will hold its live auctions, including jewelry sales, without an audience. He was known as the “Diamond King.” Its estimate is $400,000 - $500,000. ISG Luxury Management Webinar: What to remember about Chantal Thomass’ presentation! Private sales, online … Sotheby’s Magnificent and Noble Jewels, November 11, 6:30 p.m. (12:30 p.m. EST). Only two works of art alone sold for more than $25 million at auction, compared with nine last year. 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. * 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. Estimate: ... [+] $33,353 - $44,471. A 102.41-carat diamond pendant offered by Sotheby's with an estimate of $833,727 - $1.1 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 102.41-carat diamond with light brown color, S to T Range, and VVS2 clarity. 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. 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. ... Top 10 Standout Moments from Sotheby’s Autumn Auctions in Hong Kong 2020. Read Less. Its estimate is $23 - $38 million. Sotheby’s achieved a higher figure than its rival, at $1.5 billion, but experienced a slightly lower decline of 50%. * 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. 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. Estimate: $2.6 ... [+] million - $3.6 million. * 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. 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. A velvet black ribbon completes the elaborate gem. A pair of diamond and fancy colored diamond earrings is the top lot at Christie's Geneva auction. Both auction houses are well-known for dealing in goods with the rich and the powerful. That makes four persons already. A couple of them are really fantastic.”, The 14.83-carat 'Spirit of the Rose' has an estimate of $23 - $38 million. This includes the jewelry sales being held by Christie’s and Sotheby’s. It’s something I take with me while traveling the world and writing about the finer things in life. 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. This includes a near-universal ban on public and private events of more than five people, inside and outside. Asians also obtained 9 of its 20 “top lots” for the year. The second is a gold necklace by Bulgari featuring 16 Columbian emeralds, each surrounded by marquise and circular-cut 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. Browse and bid online, or contact our salerooms in London, New York, Paris, Hong Kong, Geneva and worldwide. 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. For example, there are few fancy colored diamonds, the stars of the international auction circuit that command the highest prices. However, the health crisis linked to Covid-19 led to a drop in auction sales for the two art multinationals. Luxury, ally or enemy of a more responsible society? Both Christie’s and Sotheby’s organize their accessible lots into catalogues. 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. 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). The live auction will be held November 11 at 8:30 p.m. CET (2:30 EST). 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. Almost immediately afterward the canton of Geneva imposed even tougher restrictions. Estimate: $400,000 - $500,000, EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Omega Unveils The Speedmaster Professional Moonwatch ‘Master Chronometer’, 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. * 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. Then there’s one person who registers visitors,” he says. 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. This week we seem to be focusing on some serious money-makers ranging from fashion labels to art auction houses. Estimate: $4,447 - $6,671. It’s unclear whether these are brooches, earrings or have other uses. 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. We thought that in light of the recent economic chaos, we would shine the spotlight on the major money-makers and spenders. Auctions Top Auction Houses Saw Total Sales Drop in 2020—But Sotheby’s Outpaced Rival Christie’s With $5 Billion in Revenue. 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. Despite the impossibility of holding indoor auctions for almost nine months, the auction specialists’ 2020 balance sheet is satisfactory. 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. 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. The past year has been a roller-coaster ride. It was formerly in the collection of Henriette Hélène Porgès, the Marquise de la Ferté-Meun (1878-1946). Its estimate is $2 million - $3.1 million. 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. 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