Sotheby’s sells jewels formerly owned by Duchess of Windsor
LONDON, December 4, 2010 – A group of 20 jewels and precious objects formerly in the collection of The Duchess of Windsor sold for almost 8 million pounds at Sotheby’s in London on November 30.
The top-selling lot was the onyx and diamond panther bracelet by Cartier, Paris in 1952, which sold – after competition from some four potential buyers – for £4,521,250, more than double the pre-sale estimate for the bracelet of £1-1.5 million.
This price establishes a new record for Cartier at auction and also for any bracelet at auction.
The second highest price of the evening was for the ruby, sapphire, emerald, citrine and diamond flamingo clip, mounted by Cartier, Paris , 1940.
Estimated at £1-1.5 million, this spectacular brooch was purchased by Collection Cartier for £1,721,250 / $2,678,954, again a price comfortably over pre-sale expectations of £1-1.5 million.
Speaking after the sale, David Bennett, Chairman of Sotheby’s Jewellery in Europe and the Middle East, said: “The collection comprised not only masterpieces of 20th century jewellery by Cartier, but also pieces whose intimate inscriptions tell the story of perhaps the greatest love story of the 20th century, the romance that led Edward VIII to abdicate the throne of Great Britain.”