Review of December 2016 Auctions

Christie’s Magnificent Jewels

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The 7th of December Magnificent Jewels auction featured 319 stunning pieces that resulted in a total sale of $51.2 million. This rectangular-cut 51 carat diamond ring that is mounted in platinum was the most expensive item sold, raising over $5.5 million.

Sotheby’s Impressionist & Modern Art

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This sale that featured a range of paintings, paper works and sculptures by artists of the 19th and 20th Centuries, including a rediscovered masterpiece that is Squelette arrêtant masques, by James Ensor. It was hidden in a family collection for over a century and was revealed at the auction on the 7th of December. This piece alone raised over $7.6 million, achieving the artist’s world auction record. The sale reached a total of over $13.9 million, $19.9 million if you include the Italian collection.

Bonham’s Fine Watches, Wristwatches and Clocks: The Art of Time

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This auction included 139 timepieces from America and Europe. The top lot was an extremely rare Patek Philippe 18k gold watch with a 14k bracelet that sold for $62,500.

 Rare Watches Including Nautilus 40 Part IV

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255 rare and wonderful watches hit the Christies auction scene on the 6th of December, raising over $8.5 million. The top watch sold was a Patek Philippe 18k Pink Gold Automatic Minute Repeating Perpetual Calendar Wristwatch with Moon Phases and Additional Solid Case back. It raised $511,500.

Related Blogs:
Must-See Auctions Dates of December
The 2016 Art and Antiques Trade: New Threats to An Old Profession
Patek Philippe – Highlights of Watch-Making Excellence

About the Author:

Maryke wrote about luxury asset trends for Borro Private Finance.