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Over $6.7m at Auction

April 26, 2009 by Administrator · Leave a Comment 

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National Jeweler reports that Patrizzi and Co.’s April 19 horological auction brought in more than $6.7 million. Three commemorative-edition Patek Philippes earned the top prices.

An 18-karat yellow gold Patek Philippe minute repeater with perpetual calendar and moon phases was the star of the show, selling for about $349,787. The wristwatch was produced in a small series in 1989 to celebrate Patek’s 150th anniversary.

A Patek “Officer’s style” minute repeater chronometer wristwatch, sold for about $332,724. The timepiece was made in 1997 as one of 10 watches in 18-karat yellow gold to commemorate the new company headquarters just outside of Geneva.

Finally, a Patek Philippe minute repeater wristwatch produced in 2004 as one of five to mark the 50th anniversary of George Pragnell Jewellers in London, sold for about $315,718.

Patrizzi and Co. said in a media release that in addition to the enthusiasm for Patek Philippe, bidding was competitive for several Vacheron Constantin and Panerai wristwatches, as well as for a Hublot “Big Bang Tourbillon Solo Bang,” which nearly doubled its estimate.

Also selling well were a Breguet “souscription” watch in 18-karat gold that was originally sold to Prince Ferdinand in 1812; a Louis Audemars No. 12131 circa 1875; and a Patek Philippe and Cie yellow gold keyless “World Time” gentleman’s dress watch with a cloisonne enamel map of North America. The timepieces sold for about $36,142, $77,457 and $79,178, respectively.

California Auction House Helps You Stretch Your Holiday Dollars

December 10, 2008 by Administrator · Leave a Comment 

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Mindful of tighter budgets for consumers this holiday season, the SCAA (Southern California Auctioneers Association) is encouraging San Diego buyers to stretch their dollars at one of its many live auctions throughout Southern California. Although the SCAA specializes in the Southern California marketplace, public demand for live and online auctions has allowed this 50-member association to expand nationally and internationally. Read more

Stolen Goods Up for Legal Auction!

December 10, 2008 by Administrator · 1 Comment 

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CBS News is offering a new tip for how San Diego shoppers can save money this holiday season…buy stolen property! Some people are turning to giving hot gifts (as in stolen property from the police). But not to worry; it’s perfectly legal. A bonanza of fenced goods is now available at PropertyRoom.com–an online auction site where you can buy stolen goods without someone calling 911 on you. Read more

iGavel.com Now Auctioning Vintage Jewelry & Watches

December 10, 2008 by Administrator · Leave a Comment 

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San Diego holiday shoppers should take note that iGavel (a leader in online auctions) is currently hosting an online jewelry auction. As we are now in a buyer’s market, iGavel has worked with many of its consigners to lower estimates and reserves in order to have a successful auction. Therefore, this is a great time to purchase jewelry at prices that are more reasonable than have been seen in years.

The auction includes a varied selection of vintage and designer jewelry. Recent highlights have included a 3 carat sapphire and diamond ring, estimated at $1,200-$1,800 with a starting bid of $800; a Diamond, Gold and Pearl Convertible Brooch or Pendant, estimated at $2,500-$3,500, with a starting bid of $1,800; and an Antique 14K White Gold, Emerald and Diamond Pierced Work Horizontal Brooch, with the emerald under 2 carats, and diamonds totaling close to four carats. This piece is estimated at $3,000-$5,000, with a starting bid of $1,995.

The watches included in the iGavel auction are often exceptional. Over the past ten days, items have included a Bovet, Fleurier, Enamel and Gold Open Face Key-wind Watch for the Chinese Market, 19th Century, estimated at $500-$700, with a starting bid of $250; a Gold and Enamel Keywind Watch, Just & Son, London, 19th Century, Estimated at $800-$1,200, with a starting bid of $500. Also included is a Gold Cartier Ladies Watch, Paris, late 20th century, from a private South American collector. This piece is estimated at $2,000-$3,000, with a starting bid of only $900.

Check out iGavel.com to see if these items are still up for auction, and to discover what other new jewelry and watches have been placed up for bidding.

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Shoppers in San Diego take note that a huge stash of gold coins, jewelry, and other gold items are soon going to be up for sale. Read the details about the auction at: Treasure Trove to be Auctioned.

Illinois to Auction $125,000 of Unclaimed Jewelry on Ebay

November 25, 2008 by Administrator · Leave a Comment 

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Are you looking for some great deals on second-hand fine jewelry? Doesn’t matter if you are from San Diego, you can still take part in the Illinois jewelry auction on Ebay. Illinois State Treasurer Alexi Giuannoulias’ office has begun auctioning the contents of abandoned safety deposit boxes on eBay to holiday shoppers. Read more

Sotheby’s Sale Disappoints

November 25, 2008 by Administrator · Leave a Comment 

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We reported last month how watch auctions were setting records, but not so with a recent jewelry auction at Sotheby’s in Switzerland. Nearly 150 jewels including the star lot, a huge blue diamond, were left unsold, as nervous buyers held back amid uncertainty in world markets, the auction house said. Read more

Collectible Watch Market is Red Hot

October 27, 2008 by Administrator · Leave a Comment 

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Looking further proof that the collectible watch market is going like gangbusters? Here it is: One day after Antiquorum brought in nearly $10 million at its fall clock and watch auction, Sotheby’s hauled in nearly $4.1 million in New York at its Oct. 17th auction of “Important Watches.” Like Antiquorum, Sotheby’s saw strong interest from buyers not only in the United States, but also Europe and Asia. Read more

Antiquorum Watch Auction Sees Record Sales

October 27, 2008 by Administrator · Leave a Comment 

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It is not only jewelry auctions that have been exceeding expectations lately as investors continue to move money into hard assets. Antiquorum reports that its first auction of the fall season brought in $9,892,812 from its sale of collectible clocks, pocket watches, and wristwatches.

In total, 404 pieces were sold. 34 percent of the items were bought via Antiquorum’s online bidding system. Buyers logged in bids from countries around the globe, including China, Germany, and Russia.

The highest sales price went to a Patek Philippe “First Series,” which scored a final bid of $1,514,400. But it was a wristwatch formerly owned by Albert Einstein that sparked the auction’s most intense bidding war. When the gavel dropped the Longines watch from the famed physicist was sold for $596,000, more than 2,000 percent its original estimated value (the highest price ever paid for a Longines wristwatch). Rolex also earned a record amount for its “Platinum Day Date” wristwatch which went for $78,000.

You certainly aren’t going to find those kinds of watches at a San Diego pawn shop, but the these auction results should show you that if you are in need of a good sized cash loan from a pawnbroker, a collectable watch is one of your best items to use as collateral.

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Have you been wondering just what estate jewelry is? Then wonder no longer. We’ve detailed it in this article: What is Estate Jewelry?

Sotheby’s Magnificent Jewels Auction Expects $64 M

September 9, 2008 by Administrator · Leave a Comment 

Rapaport reports that Sotheby’s Hong Kong will conduct its Magnificent Jewels and Jadeite 2008 Autumn Sale at the Hong Kong Convention and Exhibition Centre on October 7, 2008. Some 320 lots will be offered with an estimated total value of HKD500 million ($64 million.)

The highlight of the sale is a fancy vivid yellow diamond necklace with an estimated value of $7.4 million to $9.5 million, featuring a 102.56-carat fancy vivid yellow diamond (pictured.) It has a flower pendant that can be detached from the necklace and worn as a brooch.

Quek Chin Yeow, deputy chairman and head of jewelry at Sotheby’s Asia, said, “The diamond is the largest fancy vivid yellow diamond ever to be offered at auction anywhere in the world; this extraordinary diamond, with its impressive size and auspicious golden yellow color, will be a major attraction.”

Another highlight of the sale will be a colored diamond butterfly brooch by Carvin French. The center of the brooch is set with one fancy vivid blue diamond and two fancy intense blue diamonds, weighing 5.53 carats in total. Complementing the blue hues are the vibrant yellow and pink diamonds mounted on the wings of the butterfly. (Estimated value $3.8 million to $4.6 million.)

With strong demand for top quality diamonds weighing more than 15 carats, an impressive 34.07 carat cushion-shaped D, IF, diamond ring will undoubtedly attract much attention. (Estimated value $6 million to $7 million.)

Sotheby’s Hong Kong will present a pair of ruby and diamond earrings by James de Givenchy for Taffin. The two unheated, natural rubies, weighing 10.02 and 10.91 carats respectively, are well-matched in both color and shape. Each surrounded by eight rose-cut pink and eight colorless round diamonds, these rubies show a fiery red hue with dazzling brilliance fascinating all connoisseurs. (Estimated value $3.8 million to $4.5 million.)

Also featured among the colored stones is a pair of star rubies, alexandrite and diamond earrings. The rubies, weighing 19.45cts and 22.13cts each, are remarkably matched in both color and shape, and boast intense hues and fine clarity. (Estimated value $666,000 to $871,000.)

A further highlight is a Colombian emerald and diamond ring without any oil treatment. This natural 10.09 carat emerald boasts high clarity and a saturated color. It is embellished by 10 round diamonds, emphasizing the magnificence of the noble green color.

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If you are a San Diego resident who is a collector of fine jewelry from brands like Tiffany and Cartier, then you’ll want to read this article about how Vintage Jewelry is a Popular Investment.

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