AUCTIONS – Sotheby’s New York Magnificent Jewels sale garners $38.4 million

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NEW YORK – Propelled by strong interest in vintage jewels from the houses of Bulgari, Tiffany & Co., Cartier and Harry Winston, as well as those with storied provenance from the likes of Mary Tyler Moore and Barbara Sinatra, Sotheby’s Magnificent Jewels auction in New York concluded on December 5, 2023, achieving a total of $38.4 million.  

Speaking after the sale, Quig Bruning, Head of Sotheby’s Jewels, America & EMEA, said: “We are extremely proud of today’s strong and promising results, further confirming that there continues to be exceptional value and broad interest in truly rare jewels, especially those with esteemed provenance – as proven by the extraordinary result for Red Skelton’s pink sapphire ring. With a rich, sumptuous colour that took my breath away, it is a gem I will always remember. It was a true privilege to bring the hammer down on these extraordinary objects that dazzled and captivated the attention of collectors around the globe.” 

A significant new benchmark for the diamond market was set in the sale, as an extraordinary Fancy Vivid Yellow Diamond, weighing a staggering 133.03 carats, sold for $5.5 million (est. $4 – 5 million) – becoming the largest Fancy Vivid Yellow diamond ever to sell at auction.  

AUCTIONS – Sotheby’s New York Magnificent Jewels sale garners $38.4 million

An Exceptional Unmounted Fancy Vivid Yellow Diamond weighing 133.03 carats sold for $5.5 million.

Picture courtesy of Sotheby’s