PHILADELPHIA, Pa.—Freeman’s is pleased to announce the results of its May 19 Jewelry and Watches auction, which confirms Freeman’s leading market position as a destination for fine pieces from renowned makers and houses. Art Deco designs performed particularly well, but the 157-lot sale saw competitive bidding from both phone and online buyers for a wide range of styles and pieces. An impressive fancy light yellow diamond ring achieved $308,700, leading the sale and surpassing the piece’s high estimate.
“The sale far exceeded our expectations, especially signed jewelry, the value of which has been rising consistently over the years,” said Virginia Salem, Head of the Jewelry and Watches department. “Our prominent Philadelphia selection led the sale strongly, diamond solitaires all performed extremely well, and we attracted many international buyers. Overall, it’s clear that the market is stronger now than it was this time last year.”
The Jewelry and Watches auction featured strong, impressive sales of high-end designer works. A Cartier 18K gold and diamond ring inspired competitive bidding, selling for $10,710—one of several Cartier designs to outperform its estimate. A stunning Van Cleef & Arpels 18K gold and diamond bracelet nearly doubled its pre-sale estimate to sell for $56,700. A colorful diamond, sapphire, emerald, and 18K gold Tiffany & Co. bracelet sold for an impressive $25,200.
Freeman’s May 19 auction was characterized by lively bidding wars and impressive results for Art Deco jewelry—everything from brooches to bracelets—confirming continued strong market interest in designs from the Art Deco period. Undoubtedly an auction highlight, an Art Deco carved emerald, pearl, and diamond bracelet achieved an impressive $40,950, more than four times its pre-sale estimate. A Tiffany & Co. diamond and sapphire bracelet more than doubled its pre-sale high estimate to achieve $15,120, followed by a diamond and platinum clip/brooch that tripled its pre-sale high estimate, selling for $10,710.
The Jewelry and Watches sale confirmed ongoing market demand for simple, stunning diamond solitaire styles. A diamond solitaire ring that sold for $30,240 was an auction highlight, along with a similar style that also surpassed its high estimate to achieve $25,200. Also, a beautiful pear-shaped diamond solitaire ring sold for $13,860.
Almost all watches on offer in the Jewelry and Watches auction surpassed their estimates, beginning with a unique Bulgari 18K gold watch that achieved $12,600. An 18K and diamond watch sold for $7,560; a handsome Rolex achieved $6,300; and a Patek Philippe design nearly doubled its high estimate to sell for $6,930.
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