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Collection of two carved coral bead, cultured pearl, 14K gold necklaces. Sold for: $16,520. Michaan’s Auctions image.

Jewelry, jades topped Michaan’s Oct. 6 auction

Tom Hoepf
Tom Hoepf

Collection of two carved coral bead, cultured pearl, 14K gold necklaces. Sold for: $16,520. Michaan’s Auctions image.

Collection of two carved coral bead, cultured pearl, 14K gold necklaces. Sold for: $16,520. Michaan’s Auctions image.

ALAMEDA, Calif. – Michaan’s estate auction of Oct. 6 saw a sales stunner in jewelry lot 318. Two carved coral bead, cultured pearl and 14K gold necklaces were sold to benefit the Lace Museum in Sunnyvale, Calif., and the pieces certainly did not disappoint. Selling for over 23 times the high estimate of $700, the pair of necklaces realized a price of $16,520.

LiveAuctioneers.com provided Internet live bidding.

Rhonda Harness, Michaan’s jewelry department director, was thrilled, noting, “I was absolutely wowed. Although coral is a hot item at auction, this could not have been predicted. Perhaps its link to charity helped push the selling price upwards; in any event, I am extremely pleased.”

The Lace Museum and Guild is a nonprofit organization that relies heavily on volunteers and donations. It is one of two museums devoted primarily to lace in the western United States, showcasing an extensive collection of lace and tools.

Jewelry continued to impress throughout the day, with hefty numbers evidenced by jade pieces. The second highest selling lot of the auction was No. 315, a jade, diamond and yellow gold ring that realized a price of $15,340 (est. $15,000-$20,000). A pair of jade, diamond and white gold earrings were also quite successful,  surpassing the high estimate at a final selling price of $10,620 (lot 316, est. $6,000-$8,000).

A carved coral suite (lot 330) sold for $3,245, over six times the high estimate. A coral bead necklace more than quadrupled estimates (lot 328, $300-$400) selling at $1,652. A jade bangle (lot 293) offered at $300-$400 realized $1,416. An unmounted emerald-cut diamond (lot 603) of approximately 1.25 carats more than doubled its high estimate, selling for $1,534.

Fine art realized solid numbers. Peter Ellenshaw’s oil painting titled Dunmore Head (lot 116) sold just shy of six times the high estimate at $3,540.

Also noteworthy were two Asian lots. An agate brush washer (lot 422, $400-600, $1,652) and a pair of blue and white dishes (lot 437, $400-$600, $1,416) both more than doubled high estimates.

For general information call Michaan’s Auctions at 510-740-0220 ext. 0 or e-mail info@michaans.com.

Click here to view the fully illustrated catalog for this sale, complete with prices realized.

ADDITIONAL LOTS OF NOTE

Collection of two carved coral bead, cultured pearl, 14K gold necklaces. Sold for: $16,520. Michaan’s Auctions image.

Collection of two carved coral bead, cultured pearl, 14K gold necklaces. Sold for: $16,520. Michaan’s Auctions image.

Jade, diamond, 14K white gold ring. Sold for $15,340. Michaan’s Auctions image.

Jade, diamond, 14K white gold ring. Sold for $15,340. Michaan’s Auctions image.

Peter Ellenshaw (British 1913-2007) ‘Dunmore Head,’ oil on canvas, 29 x 47 inches. Sold for $3,540. Michaan’s Auctions image.

Peter Ellenshaw (British 1913-2007) ‘Dunmore Head,’ oil on canvas, 29 x 47 inches. Sold for $3,540. Michaan’s Auctions image.

Gregory Kurasov (Russian Federation b. 1958), ‘American Beauty, No 177,’ oil on canvas. Sold for $3,540. Michaan’s Auctions image.

Gregory Kurasov (Russian Federation b. 1958), ‘American Beauty, No 177,’ oil on canvas. Sold for $3,540. Michaan’s Auctions image.

Duilio Bamabe, two contemporary Italian abstract floral reverse paintings on glass, signed ‘Dube Fontana Arte.’ Sold for $2,950. Michaan’s Auctions image.

/a>Duilio Bamabe, two contemporary Italian abstract floral reverse paintings on glass, signed ‘Dube Fontana Arte.’ Sold for $2,950. Michaan’s Auctions image.