Rago’s 2-day fine jewelry auction surpasses $2.4M
Tiffany & Co. Lucida Diamond Ring, 6.43 carats in a platinum setting. Sold for: $187,500. Rago image
LAMBERTVILLLE, N.J. – Rago Auctions’ Nov. 30 and Dec. 2 jewelry auctions brought in a total of $2.4million in sales for 147 consignors, increasing Rago’s 2018 jewelry sales by 24 percent over 2017 while retaining a stellar sell-through rate above 90 percent. Absentee and Internet live bidding was available through LiveAuctioneers.This 1103 lot, two-day sale included 636 lots of reserved fine jewelry selling for $2,105,313 and 467 lots selling unreserved for $298,175. The auctions attracted more than 1,000 registered bidders online, 113 phone bidders, 109 in-room and 82 absentee bidders. Approximately 20 percent of property sold online, 20 percent to absentee bidders, 30 percent to in-room bidders and 30 percent to phone bidders from the U.S. and abroad.
David Webb diamond and enameled yellow gold cuff bracelet. Sold for: $25,000. Rago image
Among the top lots:
– Lot 2518, a 6.43-carat Tiffany & Co. Lucida diamond ring (above) which sold for $187,500.
– Lot 2474, a 10.35-carat Marquise brilliant cut diamond engagement ring (below) which sold for $68,750 against a high estimate of $25,000.
Marquise brilliant cut diamond engagement ring,10.35 carats. Sold for: $68,750. Rago image
– Lot 2392, a Seaman Schepps multi-gem and diamond “Garden” bracelet which sold for $31,250.
Seaman Schepps multi-gem and diamond ‘Garden’ bracelet. Sold for: $31,250. Rago image
– Lot 2174, a fine Art Deco Cartier diamond and enameled yellow gold table box.
Fine Art Deco Cartier diamond and enameled yellow gold table box. Sold for: $27,500. Rago image
– Lot 2003, a Tiffany & Co. Gold Japanesque pendant brooch which soared past its high estimate of $4,000 on the way to $10,000.
Tiffany & Co. gold Japanesque pendant brooch. Sold for: $10,000. Rago image
“December’s Fine Jewelry auctions showed strength across categories, demonstrating once again that finely conceived and crafted pieces hold their value across all price points,” Katherine Van Dell, Rago’s director, fine jewelry.
