Sotheby's, Antiquorum auctions break records

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Sotheby's, Antiquorum auctions break records

December 11, 2006

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New York—Christmas came early for Sotheby's and Antiquorum auction houses, which both hosted record-breaking watch and jewelry sales last week in New York.

Sotheby's Magnificent Jewels from the Houses of Castellani and Giuliano: The Judith H. Siegel Collection sale, held on Dec. 6, brought in $7.4 million, while the jewels in its Van Cleef and Arpels Tribute Collection netted $4.4 million. Additional jewelry sales held on Dec. 6 brought the day's total sales to $28.3 million.

Of the Magnificent Jewels lots, 58 percent sold above their pre-sale estimates, while 78 percent of the Castellani and Giuliano pieces sold above estimates.

To date, Sotheby's principal jewelry showrooms have sold $175.4 million, a 24 percent boost over the same period last year.

On Dec. 8, Antiquorum's Important Collector's Pocket Watches and Clocks sale brought in $7.3 million.

The sale, Antiquorum's last of the year, brought the world total of Antiquorum sales in 2006 to $87 million.

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