Michaan’s Exceptional Jewelry Auction tops $1M

Tiffany & Co. Schlumberger ‘Cooper’ diamond, platinum, 18K yellow gold bracelet.
Sold for $57,000. Michaan’s image

ALAMEDA, Calif. – Fine designer jewels of great beauty and the highest quality drew crowds of admirers and bidders to Michaan’s on Dec. Prices soared on a wave of enthusiasm for designs by Schlumberger for Tiffany & Co., Bulgari, Buccellati, Verdura, David Webb and many more such as Chanel and Hermès. The special Monday event brought scores of visitors to the auction gallery, with many flying in for the occasion. Absentee and Internet live bidding is available through LiveAuctioneers.

Long before the bang of the gavel began to punctuate the buzz of the live auction crowd, online bids were in place for each of the 115 lots offered.

“This auction was among Michaan’s most highly anticipated events of 2018,” said COO and auctioneer Scott Bradley. “It was a privilege to present property of this caliber, and a great pleasure to see the wonderful response.”

French Tiffany & Co. Schlumberger ‘Dot Lozenge’ white enamel, 18K yellow gold bracelet.
Sold for $21,600. Michaan’s image

Michaan’s Exceptional Jewelry Auction presented the jewels of a single distinguished collector, a woman of style and discernment who had an eye for “the best of the best.” In addition to the phalanx of online bids, phone bidding was intense throughout the live auction. “With 100 percent sell through, the sale realized over $1 million from just 115 lots of jewelry,” said Michaan’s gemologist and jewelry specialist Elise Coronado. “Our buyers’ response to this offering was a thrill to experience.”

Bidding was especially fierce for the Tiffany & Co. pieces offered, many of which sold for around double their high estimates. The Schlumberger “Cooper” diamond bracelet sold for $57,000 (above). The pair of Tiffany diamond stud earrings (below), with bezel-set stones each weighing over 2.25 carats, realized $45,000. Schlumberger’s “acorn” earrings brought $30,000 and Schlumberger’s “dot lozenge” white enamel and gold hinged bracelet brought $21,600.

Pair of Tiffany & Co. diamond, 18K yellow gold stud earrings. Sold for $45,000. Michaan’s image

Rings with eye-popping gemstones were top sellers. The ring featuring a Colombian emerald of more than 10 carats, estimated at $10,000-$15,000, sold for the realized price of $84,000. Lot 1115, the fancy yellow emerald cut diamond, set with triangular white diamonds in a platinum and 18K yellow gold ring, sold for $114,000.

Verdura ‘Maltese Cross’ multi-stone, diamond, cultured pearl, black jade, 18K yellow gold bracelet.
Sold for $24,000. Michaan’s image

Verdura’s luxurious designs are coveted by women of all ages. In Michaan’s auction Verdura’s double crescent diamond bracelet sold for $32,400. The iconic “Maltese Cross” bracelet brought $24,000 and Verdura’s diamond “Comet” earrings reached $30,000.

Verdura ‘Double Crescent’ diamond, platinum, 18K yellow gold bracelet. Sold for $32,400. Michaan’s image

Collectors were excited to find the exquisite designs of David Webb in the auction. Favored by celebrities and top stylists, David Webb jewels have that wow factor that make them perfect for the red carpet. Webb’s creations in carved coral were featured, with the bracelet of coral, enamel and diamonds fetching $39,000 and the earrings, $16,800.

David Webb coral, diamond, black enamel, platinum, 18K yellow gold bracelet. Sold for $39,000. Michaan’s image

Fine jewelry is a focus of each monthly auction at Michaan’s. Michaan’s jewelry department welcomes inquiries at elise@michaans.com or 510-227-2570.