CHICAGO – A room crowded with auction attendees applauded when an exquisite 8.48 carat diamond ring sold for $292,800 at Leslie Hindman Auctioneers’ April 10-11 Fine Jewelry & Timepieces sale. The Michael Beaudry-designed ring featured a GIA-certified cushion-cut diamond set within a handmade and hand-engraved platinum setting. The sale of the ring to an anonymous private buyer capped off an exciting run of fine large diamonds to conclude the opening session.
The auction capitalized on a revitalized market eager for certified diamonds, signed works and fine vintage jewelry. In total, Hindman’s sale grossed $2.6 million and attracted eager bidding from local and international collectors. Internet live bidding on both days was provided by LiveAuctioneers.com.
Larger diamonds dominated the high prices realized in the sale. Two additional Michael Beaudry rings achieved notable success. A platinum and yellow gold ring containing a 6.21 carat radiant-cut, internally flawless fancy yellow diamond sold for $97,600. A platinum ring containing a 7.02 carat E-color cushion-cut diamond sold for $231,800.
Signed works also resonated with collectors seeking all things unique. An Tiffany & Co. Arts & Crafts brooch far exceeded the auction estimate of $4,000-$6,000 to sell for $36,600. A David Webb gold, turquoise and diamond flower brooch sold for $13,420 against an estimate of $5,000-$7,000.
Leslie Hindman Auctioneers’ next Fine Jewelry and Timepieces auction will be held Sept. 18, 2011. Consignments are invited for upcoming auctions. Contact Alexander Eblen at 312-334-4233 for more information.
View the fully illustrated auction catalog from Hindman’s April 10-11 auction, complete with prices realized, at www.LiveAuctioneers.com.
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Click here to view the fully illustrated catalogs for this sale, complete with prices realized.
ADDITIONAL LOTS OF NOTE