Fine Jewelry and Timepieces Summer Auction Realizes Over $2.6 Million

Leslie Hindman Auctioneers’ auction on June 10-11, 2012 saw international competition from hundreds of bidders in the salesroom, on the telephones, and via the internet. The auction showcased many signed pieces by some of the world’s most important makers, including Cartier, David Webb, Harry Winston, Patek Philippe, Tiffany & Co. and Van Cleef & Arpels.

Strong international competition resulted in a successful auction total of over $2.6 million against a pre-sale estimate of $1.4 – 2.2 million.

Interest in natural pearls is strong, with international collectors fiercely competing for quality pieces. An Art Deco Platinum, Onyx and Natural Pearl Necklace sold for well above its estimate at $388,000.

Fine gemstones drew the attention of several bidders; one in particular was a Sapphire and Diamond Floral Brooch by Tiffany & Co. This beautiful statement piece claimed an impressive $128,100, when it had pre-sale estimate of $15,000-20,000.

Diamond rings were among the top lots in the auction after capturing bidders’ attention. The leading was an oval 7.06 carat brilliant cut diamond ring, with two triangular cut diamonds selling for $146,400. The following was an important Art Deco 5.65 carat Old European cut diamond ring that brought $73,200.

“It seems that the more volatile the economy gets, the stronger the jewelry market becomes,” says Leslie Hindman, President /CEO. “We were delighted with the results of this sale.”

Leslie Hindman Auctioneers’ next Fine Jewelry and Timepieces auction will be held on September 9-10, 2012. Consignments are invited for upcoming auctions. Contact Jamie Henderson at 312.334.4226 for more information.