Christie’s Magnificent Jewels Totals CHF 56.6 Million / $57.3 Million Led By The Fortune Pink
GENEVA – Christie’s Magnificent Jewels auction on 8 November 2022 achieved a total of CHF56,589,040 / $57,340,888, led by The Fortune Pink, which sold for CHF28,438,500. Weighing an auspicious 18.18 carats, The Fortune Pink is the largest pear-shaped fancy vivid pink diamond ever to be sold at auction. Another highlight lot of the auction was the 101.27 carat unmounted diamond, which realised CHF2,934,000. The auction was 96% sold by value and 87% sold by lot, and witnessed global participation with registrants from 20 countries, across 4 continents.
Rahul Kadakia, International Head of Christie’s Jewellery: “A historic week of auctions kicked off in Geneva where Christie’s Luxury auctions totalled CHF113,482,763 / $114,244,370, highlighted by the Fortune Pink, Legendary and Unique Watches, as well as the Domaine Ponsot 150th anniversary auction. Geneva Luxury sales offered 572 lots, with collectors from 50 countries active across the live sales. The second half of this momentous week will continue at Rockefeller Plaza in New York, where 150 masterworks from the Paul G. Allen Collection will be offered on Wednesday and Thursday, expected to realise US$1 billion, all of the estate’s proceeds from the sale will be dedicated to philanthropy, pursuant to Mr. Allen’s wishes.”
Further notable results in the Geneva Magnificent Jewels auction included an extraordinary Graff diamond ring weighing 41.36 carats, which realised CHF3,654,000, and the important diamond rivière necklace from the collection of Lord and Lady Weinstock, which achieved CHF869,400. Four exceptional jewels from a European Princely Family sold for a combined total of CHF 1,354,500, highlighted by Bulgari Art Deco natural and cultured pearl necklace, selling for CHF 504,000.
Christie’s Geneva Luxury Week
The next generation of collectors were active in the Christie’s November Luxury Week auctions, with millennial collectors comprising 50% of new registrants to four live auctions throughout the week. The combined total CHF113,482,763 for the week of auctions so far is the highest for the past five years. The combined sell-through rate for all four auctions was 98%.
Legendary and Unique Watches | 6 November 2022
Total CHF31,877,418 / $31679,596
Sold 100% by lot
Following a month-long world preview in the Middle East, US, Asia and Europe, the live Geneva auction of Legendary and Unique Watches was 100% sold, realising a total of CHF32 million. The top lot of the auction was the sapphire and titanium Richard Mille RM56-01, which sold for CHF3,654,000 / $3,631,324.
Remi Guillemin, Head of Christies Geneva Watch department: “Linking the worlds of watchmaking and car racing, the sale offered iconic timepieces, with provenance from legendary pilots and sport heroes, at every price point. It has been an honour and privilege for me and the Christie’s team to transmit our passion to international collectors in Geneva, the home of fine watchmaking.
Rare Watches | 7 November 2022
Total CHF23,669,670 / $23,859,366
Sold 99% by lot
Christie’s Rare Watches sale presented 128 horological masterpieces, which attracted bidders from 46 countries. The auction was highlighted by the Rolex Daytona with early Lemon Paul Newman Dial, ref. 6263, circa 1969, which realised CHF 3,414,000, alongside the Patek Philippe reference 5711/1A-018, additionally signed Tiffany & Co., which sold above estimate to achieve CHF3,174,000.
Remi Guillemin, Head of Christie’s Geneva Watch department: ”Holding two high calibre auctions with incredible sell-through rates of 100% and 99.18% within 24 hours is a landmark moment in watch auction history. Our gratitude goes to our worldwide collectors, confirming Christie’s Geneva as a special place for Rolex and horological masterpieces.”
Domaine Ponsot The 150 Year Jubilee Celebration | 8 November 2022
Total CHF1,345,375 / $1,362,250
Sold 100% by lot
Christie’s Domaine Ponsot – The 150 Year Jubilee Celebration, Finest & Rarest Wines direct from the cellar achieved CHF1,345,375 / $1,362,250 and sold 100% by lot. The sale offered 261 lots comprising over 400 bottles, doubling its pre-sale estimate during the live sale in Geneva’s Four Seasons Hotel des Bergues. This exceptional offering attracted interest from 14 countries with 21% of first-time bidders.
Christie’s Geneva Luxury auctions continue online with:
Jewels Online: The Geneva Edit – open for bidding until 10 November
Watches Online: The Geneva Edit – open for bidding until 15 November
Fine and Rare Wines Online: Geneva Edition – open for bidding until 16 November
Fine and Rare Spirits featuring the Yamazaki 55 Year Old: Geneva Edition – open for bidding until 17 November
