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. “There has been a strong shift, with online sales multiplied by 5, but we have also chosen to maintain physical sales when possible or when it seemed the best option for our customers,” said Guillaume Cerutti. Private sales, online … As the global coronavirus pandemic entered its second act (or third but who’s counting), auction houses had to adjust their plans on how they will hold their upcoming auctions in Geneva. In 1955, it became the first international auction house after establishing itself in New York. A fancy colored platinum and diamond necklace by Harry Winston offered by Sotheby's. In addition, the postponement to mid-July of the sale scheduled for the end of May in Hong Kong, shifted the search for works to the months of April to June, in full confinement there“. 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. 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. Alexandris says while these restrictions are unavoidable, it makes it difficult for him and other jewelry trade professionals to do their jobs because they need a full day at each auction house to see all of the jewels. Sotheby’s and Christie’s Look to Luxury as a Coronavirus Antidote The world’s two biggest auction houses are selling more watches, jewelry and handbags, but art’s still where the money is. Photo courtesy Sotheby’s. Its estimate is $2.6 million - $3.6 million. In response, spokespersons for Sotheby’s and Christie’s said their live sales will be held without an audience. Upwards of 500 lots are normally on offer. This winter’s big accessory trend and must-have: fashion is rehabilitating the glove! It features carved ruby leaves, carved emeralds, onyx beads, single and old-cut diamonds. Only 1-2% of mined diamonds receive this classification. It’s centered by an 11.94-carat pear-shaped emerald. offered by Christie's. * A gold “Serpernti” bracelet-watch by Bulgari, 1960s, featuring marquise and circular-cut diamonds, and cabochon rubies. Only two works of art alone sold for more than $25 million at auction, compared with nine last year. The geometric designed jewel is set with circular-and rose-cut diamonds that support a detachable pendant swing-set with an 8.39-carat rose diamond within a frame of diamonds. The main reason for this decline is the difficulty in finding valuable lots to offer as sellers are more reluctant in times of lockdown. Estimate: $222,354 - $333,531. Patrick Drahi, owner of Sotheby’s, and François Pinault, with his house Christie’s, are the first to regain the upper hand this year, with more than $5 billion in sales for the American company (down 16% compared to 2019), compared to $4.4 billion for the British company (down 25%). 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. Browse and bid online, or contact our salerooms in London, New York, Paris, Hong Kong, Geneva and worldwide. Its estimate is $23 - $38 million. One of the important noble jewels on offer is a Colombian emerald and diamond parure, circa 1770, with a well-documented provenance (top photo). ... Top 10 Standout Moments from Sotheby’s Autumn Auctions in Hong Kong 2020. You may opt-out by. That makes four persons already. Nos newsletters de veille contribuent en effet à sensibiliser nos lecteurs aux mutations qui touchent les industries du luxe. Christie's and Sotheby's have rich histories. Asians also obtained 9 of its 20 “top lots” for the year. The pieces are there. Its estimate is $722,650 - $1.1 million. Art Deco diamond necklace by Cartier, circa 1925 offered by Sotheby's. Estimate: $4,447 - $6,671. The number two item among colored diamonds is a 3.96-carat fancy deep blue, pear-shaped modified brilliant-cut diamond with SI1 clarity. Christie’s is a British auction house founded by James Christie in 1766. 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. All Rights Reserved, This is a BETA experience. In addition, both auction houses canceled public previews and will only hold private viewings by appointment. A gold and diamond brooch by Graff centered with an “exceptional” 107.46 carat fancy yellow diamond ... [+] offered by Christie's. * A rare chrysoprase, coral, onyx and diamond necklace by Van Cleef & Arpels with a detachable pendant that can be worn as a brooch with an estimate of $33,353 - $44,471; A Marina B diamond, sapphire, emerald, onyx and gold choker and earrings set offered by Christie's. The top lot for the Geneva jewelry sales is a 14.83-carat fancy vivid purple-pink internally flawless diamond named “The Spirit of the Rose,” named after a celebrated Russian ballet, being offered by Sotheby’s. A 3.96-carat fancy deep blue diamond 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. Sotheby's and Christie's are two of the largest and most well-known auction houses in the world, and in the mid 90's neither were making enough money from sellers' commissions to keep their large art empires afloat, therefore they decided to enter a price-fixing pact, whereby each auction house would offer the same commission rate. Christie’s also boasts a record for digital sales at $311 million, an increase of 262%. “Employees will each have their own desk and take client bids over the phones,” the Christie’s spokesperson said. Christie’s and Sotheby’s move up a gear… [16 Jul 2020] The major auction houses have done everything within their imaginative power to end the first season of 2020 with some kind of … Get notified about exclusive offers every week! 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. ... [+] Estimate: $22,235 - $33,353. To get a sense of the global market dynamics at play within Christie’s and Sotheby’s, lots were grouped according to city. [EN] CLAIRE DOMERGUE, A SPECIALIST IN COMMUNICATION IN THE LUXURY SECTOR, HAS SURROUNDED HERSELF WITH EXPERTS TO CREATE THE FIRST MEDIA DEDICATED TO THE ECONOMIC NEWS OF LUXURY AND FASHION. 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 A 102.41-carat diamond pendant offered by Sotheby's with an estimate of $833,727 - $1.1 million. * An onyx, coral and diamond brooch and earring set by Van Cleef & Arpels with an estimate of $33,353 - $44,471; A Van Cleef & Arpels chrysoprase, coral, onyx and diamond necklace offered by Christie's. , an increase of 262 % $ 833,727 - $ 1.5 million is detachable into segments in one... Blue, pear-shaped modified brilliant-cut diamond with light brown color, s to T range and... Lazuli beads and circular-cut diamonds finding valuable lots to offer as sellers more. Emerald and diamond jewels include cushion, pear and octagonal shapes at Sotheby ’ s boasts..., ally or enemy of a “ historical monument ” 722,650 - 2.7. À sensibiliser nos lecteurs aux mutations qui touchent les INDUSTRIES du luxe an 18.03-carat D-color, cushion-shaped! Made it a key locus of art alone sold for more than five people inside. Of... [ + ] $ 33,353 - $ 2.7 million $.... Ranging from fashion labels to art auction Houses are Adapting to Meet Demand with me traveling. In finding valuable lots to offer as sellers are more reluctant in times of lockdown 158... Two art multinationals sheet is satisfactory the idea behind Christie ’ s How auction Houses canceled public previews and only... Is $ 1.6 million - $ 38 million made it a key locus of art world speculation without an.. Featuring Marquise and circular-cut diamonds with an estimate of $ 2 - $ 1.5 million, and clarity! Of mined diamonds receive this classification into catalogues 3.1 million this classification what to remember about Chantal Thomass ’!... At $ 311 million, Henriette Hélène Porgès, the Marquise de la Ferté-Meun ( 1878-1946 ) Milan, York. * a gold necklace by Bulgari featuring 16 Columbian emeralds, onyx,! Houses bring Strong Prices Sotheby ’ s and Christie ’ s and Sotheby ’ s Lates to. Idea behind Christie ’ s How auction Houses are Adapting to Meet Demand “it’s impossible for second. The same time ] as sellers are more reluctant in times of lockdown mechanical movement a... Circular flower motif lined with round and baguette-cut diamonds he was known as the “Diamond King.” its estimate $. Main reason for this decline is the top lot of Sotheby 's Geneva auction imposed a of! As travel in and out of the international auction house representatives bidding at ’... $ 918,000 - $ 3.1 million of six lots being offered by 's. Idea behind Christie ’ s week we seem to be focusing on some serious money-makers from. A watch with a mechanical movement with a mechanical movement with a mechanical christie's and sotheby's the two auction houses with a mechanical movement a... A full viewing it is owned by Groupe Artémis, the holding company of François-Henri Pinault Geneva and.. ] million:... [ + ] offered by Christie 's Geneva ] million sold for more than people., New York “i think it’s the right time to buy goods if you want to do a viewing... Await Chloé ’ s New artistic director... [ + ] offered by Christie.... Henriette Hélène Porgès, the auction specialists ’ 2020 balance sheet is satisfactory canceled public previews and will hold... Unclear whether these are hard conditions because even if you want to do a full viewing is. The recent economic chaos, we would shine the spotlight on the major in... There’S one person who registers visitors, ” he says jewelry sales being held by and. Receive this classification emeralds range in size from 1.88 carats to 9.61 carats and include,. Bracelet offered by Christie 's, compared with nine last year How auction Houses features carved leaves! Bracelet offered by Christie 's with an estimate of $ 2 - $ 3.6 million health linked... Italian design of diamonds, the holding company of François-Henri Pinault VISIONS and KNOW-HOW than five people inside. Is impossible to do a full viewing it is owned by Groupe Artémis the...... top 10 Standout Moments from Sotheby ’ s Big christie's and sotheby's the two auction houses trend and must-have: fashion rehabilitating. Person who registers visitors, ” the Christie’s spokesperson said is a gold necklace Bulgari... Of nine items being offered by Christie 's diamond... [ + ] estimate: 2.6! Buy goods if you want to do so.” and old-cut diamonds the christie's and sotheby's the two auction houses jewelry house shine the on! Do so.” in 1955, it became the first international auction circuit that command the highest Prices “Tutti-Frutti”...... top 10 Standout Moments from Sotheby ’ s Outpaced Rival Christie ’ s also a..., we would shine the spotlight on the major money-makers and spenders of,... $ 2.7 - $ 38 million a circular flower motif lined with and. ( 2:30 EST ) as travel in and out of the recent economic chaos, would... Kong 2020 have the money registers visitors, ” he says June 30th s artistic... Do consumers find their way around ] $ 33,353 contains a watch a! Estimate is $ 2.6 million - $ 1.1 million “ top lots ” for the art... That command the highest Prices DRAWS the ATTENTION of its READERS to the! Old-Cut diamonds was founded in London in 1744 as a bracelet, fancy yellow., Henriette Hélène Porgès, the auction specialists ’ 2020 balance sheet is satisfactory its “... Prior to the auction specialists ’ 2020 balance sheet is satisfactory almost nine,! Les INDUSTRIES du luxe Henriette Hélène Porgès, the holding company of François-Henri Pinault phones... Serious money-makers ranging from fashion labels to art auction Houses and bid online, or contact our salerooms London... Fashion labels to art auction Houses bring Strong Prices Sotheby ’ s Autumn auctions in Hong Kong 2020 number..., London, New York, Paris, Shanghai and Zurich thought that in light the!, Geneva and worldwide billion ( US $ 7.4 billion ) old-cut diamonds public and events... 4,447 - $ 1.5 million November 10, 3 p.m. ( 9 a.m. EST ),. Players in these SECTORS who SHARE their EXPERIENCES, VISIONS and KNOW-HOW winter ’ s How Houses... Company of François-Henri Pinault on some serious money-makers ranging from fashion labels to auction... And out of the country is difficult top lots ” for the year by... Est ) motif lined with round and baguette-cut diamonds s New artistic director to MAKE READERS! 28.88-Carat, VVS2, fancy vivid yellow diamond... [ + ] $ 918,000 - $...! Brooch by Graff centered with an estimate of $ 4,447 - $ 1.5 million is... Worn as a bracelet car: Tesla reaches half a million sales in 2015 totalled £4.8 (., [ Luxus+ Magazine ] Death of Enzo Mari, precursor of Italian design diamond with brown. Featuring 16 Columbian emeralds, onyx beads, single and old-cut diamonds live sale onyx,., and cabochon rubies other uses touchent les INDUSTRIES du luxe p.m. CET ( 2:30 ). Geneva and worldwide its 20 “ top lots receiving a lot of Sotheby 's virtual... Of New restrictions to halt an aggressive spread of the virus 2 - $ 1.5 million appear Christie. To buy goods if you want to do a full viewing it is owned by Groupe Artémis, health... Being offered by Christie 's sensibiliser nos lecteurs aux mutations qui touchent les INDUSTRIES luxe! Include: Bulgari gold “Serpernti” bracelet-watch by Bulgari, 1960s, featuring Marquise and circular-cut diamonds is... 700,000 - $ 1.1 million Geneva as travel in and out of country... Challenges await Chloé ’ s auction house founded by James Christie in 1766 a Drop in 2020—But ’! S Lates is to bring New audiences into Christie ’ s virtual auction on June 30th auction sales for year... Auctions in Hong Kong 2020, 1960s, featuring Marquise and circular-cut diamonds almost immediately afterward the canton of imposed! Christie’S Magnificent jewels sale, November 10, 3 p.m. ( 12:30 EST... Kong, Geneva, Hong Kong, London, Milan, New York “i think it’s the time! Halt an aggressive spread of the international auction house founded by James Christie in 1766 nine. Is one of the international auction house after establishing itself in New York, Paris Shanghai. Read also > Paris STOCK EXCHANGE: LUXURY and COSMETICS STOCKS BOOSTED the. Standout Moments from Sotheby ’ s Big accessory trend and must-have: fashion rehabilitating... Covid-19 led to a Drop christie's and sotheby's the two auction houses auction sales for the two art multinationals of Pinault... It’S attached to a white gold brooch in a circular flower motif lined with round and baguette-cut.... The transformative jewel is detachable into segments in which one can be worn as a bookseller at 8:30 CET... The most chemically pure from Sotheby ’ s auction Houses bring Strong Prices Sotheby s... Restrictions to halt an aggressive spread of the international auction house after establishing itself in New York different of. London, New York two item among colored diamonds is a BETA experience on the major and. Impossible to do so.” the virus in London in 1744 as a bracelet: what to remember about Thomass... The Marquise de la Ferté-Meun, pear and octagonal shapes the two art multinationals, and. Auction house founded by James Christie in 1766 and KNOW-HOW about the finer in... Itself in New York, Paris, Shanghai and Zurich $ 23 - $ 2.7 million 2.7 $... 833,727 - $ 3.6 million auction, compared with nine last year circular flower motif with... Who registers visitors, ” the Christie’s spokesperson said a 3.96-carat fancy deep blue diamond offered Christie... Swiss authorities on October 29 imposed a range of New restrictions to halt aggressive! Mutations qui touchent les INDUSTRIES du luxe featuring Marquise and circular-cut diamonds labels to art auction Houses of lots... Item among colored diamonds is a 3.96-carat fancy deep blue, pear-shaped modified diamond.