The Results Are In!

Earlier this week, I filled you in on all the fabulous jewelry I viewed at the Elizabeth Taylor gallery auction at Christies. This week these stunning jewels were auctioned off to the highest bidders. Let’s see the results! (Sales totals are hammer price plus buyer’s premium and do not reflect costs, financing fees or application of buyer’s or seller’s credits).

Lot #233, Two Unmounted Heart-Shaped Rubies, estimated at $4,000 – $6,000 USD:

PRICE REALIZED = $80,500 USD

 

Lot #869, Amethyst Geode with Calcite Inclusions, estimated at $2,000 – $3,000 USD:

PRICE REALIZED = $20,000 USD

 

Lot #7, Diamond and Sapphire Ring, estimated at $80,000 – $120,000 USD:

PRICE REALIZED = $722,500 USD

 

Lot #60, A Set of Sapphire, Diamond, and Gold Jewelry, by Mouawad, estimated at $120,000 – $150,000 USD:

PRICE REALIZED = $386,500 USD

 

Lot #56, The Taj Mahal, an Indian Diamond and Jade Pendant Necklace with a Ruby and Gold Chain, by Cartier, estimated at $300,000 – $500,000 USD:

PRICE REALIZED = $8,818,500 USD

 

Lot #26, Emerald and Diamond Ring by Bulgari, estimated at $600,000 – $800,000 USD:

PRICE REALIZED = $3,330,500 USD

 

Lot #20, The Burton Cognac Ring, by Van Cleef & Arpels, estimated at $180,000 – $200,000 USD:

PRICE REALIZED = $2,322,500 USD

 

One of the biggest sales of the night was Le Peregrina, a natural pearl, diamond, ruby, and cultured pearl necklace (not mentioned in my original post). This pearl is one of the most famous in the world, and has a history dating back to the 16th century. The original estimate for this necklace was $2,000,000 – $3,000,000 USD:

PRICE REALIZED = $11,842,500 USD

That is the highest price ever paid for a pearl at auction. I watched the auction live streaming on the Christies website on Tuesday night, and it was intense! After hearing that, I was at the edge of my seat when the final auction of the night was up, the Elizabeth Taylor Diamond ring. Wouldn’t it have to sell for more than La Peregrina??? At one point when the bidding for the ring was slowing down, the auctioneer was actually reminding the audience that this is THE Elizabeth Taylor Diamond!

Lot #80, The Elizabeth Taylor Diamond Ring, estimated at $2,500,000 – $3,000,000 USD:

PRICE REALIZED = $8,818,500 USD

Shocking! I would have sworn that based on the other sales of the night, this ring would have sold for more than it did. Of course, it is still a whole lot of money, but this is the ring that she wore almost every day of her life.

Wondering who the winning bidders were for some of these auctions? People magazine’s Style Watch has a great breakdown of who bought what here (even Kim Kardshian walked away with something from the collection!). Word is that a Korean hotel conglomerate called E-Land purchased the Elizabeth Taylor Diamond and has plans to feature it at their E-World theme park in Daegu. So at least the public will be able to view it again!

Were you shocked by any of the final prices? Can’t wait to see the Elizabeth Taylor Diamond when it is unveiled in South Korea? Have a favorite piece you wish you could have bid on?

Heart-shaped rubies image found here, Amethyst geode image found here, Pear-shaped diamond ring image found here, Sapphire necklace and earrings image found here, Taj Mahal necklace image found here, Emerald ring image found here, Burton Cognac ring image found here, La Peregrina necklace image found hereElizabeth Taylor diamond ring image found here.

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