Sparking Results from Luxury Sales at Dreweatts Auctions of Fine Jewellery, Watches and Silver totals £657,529
Donnington Priory -Dreweatts first luxury accessories auction of 2015 exceeded pre-sale estimates totalling £657,529. The sales of Fine Silver, Objects of Vertu & Portrait Miniatures, Fine Watches & Pens and Fine Jewellery on Thursday 26th March at Dreweatts Donnington Priory attracted an increased number of private buyers, with more than 60% of bidding activity coming from international private buyers.
James Nicholson, International Head of Jewellery, Silver & Watches commented after the sale;"Jewellery auctions in particular have been attracting very strong prices in recent months and this sale mirrors the trend for the excitement in buying fine jewellery at auction. This sale has proven that privately sourced, fresh to the market property is highly desirable in the current auction market, making it a wonderful time for sellers to achieve high prices against other asset classes."
Sharing the top spot on the day were large diamond single stone rings and signed pieces by the major jewellery ateliers. Both continued to achieve top prices and exceed estimates with a Bulgari two stone diamond Trombino ring, circa 1950 selling for £40,128 [estimate £30,000-40,000 Lot 597]. Bulgari is one of the most sought after jewellery houses at auction, a tubo gaz and coin necklace by Bulgari doubling its estimate and selling for £2,508 [Lot 638].
Quality examples of antique and period jewellery also remain hotly contested at auction, especially when text-book examples such as the early Victorian turquoise serpent necklace, circa 1840, appear; this piece comfortably exceeded its high estimate selling for £8,778 [estimate £2,000-3,000 Lot 567].
Other highlights included large coloured stones, with the cover lot, a 19th century sapphire and diamond flower brooch selling for £21,318. The 37.39 carat original mine cut sapphire was untested and uncertificated yet still captured international buyers with 12 telephone bidders driving the brooch past its estimate of £4,000-6,000 [Lot 576].
Dreweatts & Bloomsbury Auctions are a UK 'top 5' auctioneer of fine art and collectibles. As part of Stanley Gibbons we are the only UK stock-exchange listed firm of auctioneers and occupy the same stable as coin specialists Baldwin's, and Frasers Autograph's. Established in 1759, we have the broadest and most regular calendar of specialist catalogued sales in the industry, numbering over 150 per annum, and provide vendors and buyers alike access to market-leading specialist advice in any number of collecting fields. We operate from salerooms in Donnington Priory (near Newbury), London's Mayfair, Bristol and Godalming.
Donnington Priory - 31st March 2015