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Gold, jewellery, wine and bags: global participation in auctions continues to grow

The luxury market does not seem to stop, auction houses compete for the rarest pieces to attract global collectors. There is no shortage of results which in some cases see sales rates hovering close to 100%

Gold, jewellery, wine and bags: global participation in auctions continues to grow

A significant example reaches him Christie's who has just concluded the Luxury Week, a series of six live and online auctions for jewelry, watches, wine and bags. Overall sales totaled $70,3 million, selling 137% of its low pre-sale estimate. During the sales, particularly high sell-through rates were recorded, averaging over 94% per lot. Live auctions also saw significant online engagement, with 52% of winning bids placed via Christie's Live. The sales attracted global participation across 6 continents, with bids and purchases coming from 71 countries, including 42 US states.

Results for watches

Live sales of Important Watches took place on June 10th and reached a total of 13,3 million dollars. The sale was sold 100% per lot, of which 139% was based on value over the low estimate, reflecting the exceptional quality and appeal of the watches presented. 38% of winning bids went to online buyers. The most important lot of the live sale was a watch Richard Mille Limited Edition RM56-02 AO Tourbillon Sapphire, which raised over $3 million. This timepiece became the most expensive watch ever sold at Christie's in New York and the third most expensive Richard Mille globally. Another Richard Mille watch, the RM56-02, surpassed the $XNUMX million mark, underscoring Christie's strong track record in selling Richard Mille watches. Independent manufacturers such as Richard Mille, FP Journe and MB&F accounted for more than half of the total sale value.

Watches Online ended June 14 and totaled $2.078.370, the sale was 94% sold for lot and 144% sold for value over its low estimate. The main lot of the sale was a Asprey, a “Daytona” extremely attractive and unique white gold watch with turquoise dial, ref. 116509, no. 1/1 sold for $189.000.

Christie's auction
Richard Mille

Findings for jewelry

On June 11, sales continued with Magnificent jewels, reaching the impressive figure of 44,4 million dollars, the highest total for jewelry auctions in New York this season, and were led by The Eden Rose – 10,20-carat Fancy Intense Pink, internally flawless diamond sold for $13.290.000 ($1.186.607,14 per carat) - our anticipation – surpassing its high estimate and becoming the season's most important diamond globally. The sale confirmed the worldwide interest in exquisite gemstones and jewelry. Excellent results were achieved during the sale of colored diamonds and colored stones, including an 84,05 carat internally flawless Fancy Intense Yellow diamond pendant sold for $2.167.500, a 1 Fancy Vivid Blue VVS2,28 diamond ring carats which fetched $2.107.000. Natural pearls also performed exceptionally well with a necklace of natural pearls, cultured pearls and diamonds reaching $378.000, five times its high estimate of $50.000. Christie's excels at showcasing private collections – The 16 jewels featured in Beauty in Design: Magnificent Jewelry from the Collection of Sunny Crawford von Bulow and Ala von Auersperg Isham totaled $1.400.000.

Jewels Online obtained 5,3 million dollars and was led by a 24,36-carat Fancy Intense Yellow diamond, VS2 clarity, which sold for $327.600 or $13.448 per carat.

Pink diamond ring
The end rose

Results for fine and rare wines

Fine and rare wines online: with The Landmark Cellar – Total of $1,7 million (93% sold by lot – 111% sold by value vs. low estimate)
Fine and rare wines online: with The Landmark Cellar. it reached $1.734.938 and sold 93% by lot and 111% by value over its low estimate. A new generation of buyers continues to be attracted to the category: Millennials accounted for 30% of all buyers in the sale, and 16% of bidders and buyers were new to Christie's. During the sale, 6 world records were achieved. The sale featured collections including The Landmark Cellar, which saw excellent prices achieved for rare champagnes, and Fine Bordeaux from a Colorado collector, which included the two main lots of the sale: 12 bottles of Petrus 1982 and 12 bottles of Petrus 1989, both realized $43.750. Another noteworthy result came from 12 bottles of Château Haut-Brion 1989, which brought in $23.750.

Petrus wine
Petrus

Results for Hermès bags

Online bags: The New York Edit – Total $3,5 million (97% sold per lot – 156% sold in value compared to the low estimate). The successes in the Bags category continue: last June, the sale of Handbags Online: The New York Edit reached $3,5 million, selling 97% by lot and 156% by value compared to the low estimate. During the sale, seven lots sold for more than $100.000. The auction saw global participation with 61%. bidders and buyers from the Americas, 20% from Asia Pacific and 19% from Europe, with participation in the auction from 34 countries and 34 US states. The most important lot of the sale was an exceptional one Birkin 25 with diamonds in polished black porous crocodile with 18k white gold hardware and diamonds, which made $214.200, doubling its low estimate. A limited edition Hermès black calfskin Kelly clutch bag with PVD hardware set a new world auction record for a leather Kelly clutch bag in 2010, reaching $52.920 against a low estimate of $15.000.

Bag auction
Crocodile Diamond Birkin

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