Fine Jewelry and Timepieces Auction Brings Phenomenal Prices at Leslie Hindman Auctioneers

A room crowded with auction attendees applauded when an exquisite 8.48 carat diamond ring sold for $292,800. The diamond, in a ring designed by Michael Beaudry, was a GIA certified cushion cut stone 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 end the first day of the sale.

The Fine Jewelry & Timepieces sale capitalized on a revitalized market eager for certified diamonds, signed works and fine vintage jewelry. The auction, extending Sunday and Monday, grossed $2.60 million in sales and attracted eager bidding from local and international collectors.

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 eager for all things unique. An Arts and Crafts Tiffany & Co. 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 above an estimate of $5,000-7,000.

Leslie Hindman Auctioneers’ next Fine Jewelry and Timepieces auction will be held September 18, 2011. Consignments are invited for upcoming auctions; contact Alexander Eblen at 312.334.4233 for more information.