Asteria Colored Diamonds

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Leibish & Co

Sunday, May 27, 2012

Jewelry and Watch Sales Kick off Christie’s ‘Luxury Week’

Christie’s New York will begin its bi-annual “Luxury Week” series of auctions with jewelry and watch sales. The four-day sale devoted to jewelry, watches, wine and 20th Century design from will be held June 12 - June 15. More than 1,000 items will be offered, with a combined week-long total expected to realize in excess of $23 million. The auctions are as follows:

New York Important Jewels: Auction June 12 at 2 p.m.; viewing, June 9-11
More than 180 items, including investment-quality diamonds, rare gemstones, and period jewels will be offered. Highlights include an array of large top-quality diamonds, with more than a dozen colorless stones rated as D, E or F, the finest color quality possible. The largest in the group is a 22.46 carat rectangular-cut E-color diamond ring by David Webb (pictured), with an estimate of $1.2 - $1.8 million. The sale also features signed jewels from vintage and modern periods, including an Art Deco diamond bracelet by Cartier circa 1930 (estimate: $200,000 - $300,000) and a selection of designs by Van Cleef & Arpels, Jean Schlumberger for Tiffany & Co., Cartier and Marina B. from the estate of Lucille E. Davison, a prominent New England philanthropist. The total sale is expected to achieve in excess of $10 million.

Important Watches: Auction June 13, 10 a.m. and 2 p.m.; viewing, June 9-12.
Comprised of nearly 300 timepieces, the sale features a selection of investment-quality Patek Philippe wristwatches. The star lots of the sale include a rare Patek Philippe reference 2523, an 18k gold world-time wristwatch with two crowns, manufactured in 1963 (pictured), with an estimate of $700,000 - $1.2 million), and a vintage Patek Philippe reference 1436, an 18k pink gold split-seconds chronograph watch manufactured in 1950 (estimate: $300,000 - $550,000). Other sale highlights include vintage and modern timepieces from Breguet, Vacheron Constantin, Rolex, Panerai, Jaeger-LeCoultre, Audemars Piguet, and Patek Phillipe that include pocket watches, dress watches and sports watches for men, jeweled wristwatches for women, and antique desk clocks.

Other auctions will be dedicated to 20th Century decorative art and design (June 14) and fine and rare wines (June 15). The e-catalogs and other information are on Christie’s website.