World luxury tracking : Survey on luxury consumption trends affected by the global pandemic, Renewed energy for McLaren in the face of the pandemic, Louis Camilleri is stepping down as CEO of Ferrari and President of Philip Morris International with immediate effect. Sotheby’s achieved a higher figure than its rival, at $1.5 billion, but experienced a slightly lower decline of 50%. Read also > PARIS STOCK EXCHANGE: LUXURY AND COSMETICS STOCKS BOOSTED BY THE PROSPECTS OF AN AGREEMENT BETWEEN THE EUROPEAN UNION AND CHINA. Tom Ford: Luxury watches made only from ocean waste, The responsible project of Neoline receives the support of Hennessy & Co, Kering will pay an interim dividend of 2.50 euros in connection with 2020, Luxury travel: Traveller Made welcomes more than 70 new members and partners, The market for second-hand watches and jewelry is growing in strength, The world of vintage watches is gaining popularity, PARIS STOCK EXCHANGE: LUXURY AND COSMETICS STOCKS BOOSTED BY THE PROSPECTS OF AN AGREEMENT BETWEEN THE EUROPEAN UNION AND CHINA. Colombian emerald and diamond parure, circa 1770, offered by Sotheby's. April 23, 2020 The Rich Are Still Buying Million-Dollar Jewelry. These are hard conditions because even if you want to do a full viewing it is impossible to do so.”. In addition, the postponement to mid-July of the sale scheduled for the end of May in Hong Kong, shifted the search for works to the months of April to June, in full confinement there“. It is the world’s largest vivid purple-pink diamond ever to appear at auction and was faceted from the largest pink rough diamond ever mined in Russia – a 27.85 carat pink crystal discovered in 2017. Only two works of art alone sold for more than $25 million at auction, compared with nine last year. A federal jury in the United States has indicted the former chairmen of the world's two largest auction houses, Sotheby's and Christies, on charges of overcharging its customers. Patrick Drahi, owner of Sotheby’s, and François Pinault, with his house Christie’s, are the first to regain the upper hand this year, with more than $5 billion in sales for the American company (down 16% compared to 2019), compared to $4.4 billion for the British company (down 25%). In response, spokespersons for Sotheby’s and Christie’s said their live sales will be held without an audience. Its estimate is $1.3 million - $1.5 million. It’s mounted on a contemporary designed platinum ring. Sotheby's and Christie's are two of the largest and most well-known auction houses in the world, and in the mid 90's neither were making enough money from sellers' commissions to keep their large art empires afloat, therefore they decided to enter a price-fixing pact, whereby each auction house would offer the same commission rate. In 2017, 37 percent of Christie’s online bidders were new to the auction house, and 53 percent of Sotheby’s. OUR NEWSLETTERS CONTRIBUTE TO MAKE OUR READERS AWARE OF THE CHANGES AFFECTING THE LUXURY INDUSTRIES. Nos newsletters de veille contribuent en effet à sensibiliser nos lecteurs aux mutations qui touchent les industries du luxe. The top three lots are: * A platinum ring set with an 18.03-carat D-color, flawless cushion-shaped diamond with excellent polish and symmetry (third photo). Estimate: $2.6 ... [+] million - $3.6 million. * A gold bracelet by Cartier featuring reeded lapis lazuli beads and circular-cut diamonds with an estimate of $4,447 - $6,671. Meeting with Sylvain Gandolfo Director of ISG Luxury Management, [The Luxury Journals] Pauline Laigneau (Gemmyo) : “Le Gratin brought me the fresh air I needed!”, Luxury hotels: Palaces focus on take-away sales, Gucci unveils first images of its outdoor-chic capsule with The North Face. The second is a gold necklace by Bulgari featuring 16 Columbian emeralds, each surrounded by marquise and circular-cut diamonds. The parure comprises five pieces, a necklace with a floral and foliate design in closed-back settings, collet-set with three step-cut emeralds highlighted with oval and circular-cut emeralds, single- and circular-cut diamonds. The auction also features a selection of historic and modern jewels from all periods and from iconic jewelry houses such as Boivin, Boucheron, JAR and Van Cleef & Arpels, including a curated group of jewels from the 1970s. They will accept absentee bids prior to the auction along with bids by phone and the Internet during the live sale. Diversity in the jewels and gems is also lacking. Auction location and estimates. THANKS TO AN INCREASED WATCH AND AN EXCELLENT KNOWLEDGE OF THE SECTOR, WE ARE INTERESTED IN THE MAIN ECONOMIC AND TECHNOLOGICAL STAKES OF FASHION, FINE WATCHMAKING, JEWELRY, GASTRONOMY, COSMETICS, PERFUMES, HOTELS, PRESTIGIOUS REAL ESTATE...********[FR] Claire Domergue, spécialiste de la communication dans le secteur du luxe, s’est entourée d’experts pour créer le premier média consacré à l’actualité économique du Luxe et de la mode. Auction house representatives bidding at Sotheby’s virtual auction on June 30th. A couple of them are really fantastic.”, The 14.83-carat 'Spirit of the Rose' has an estimate of $23 - $38 million. Sotheby’s international team has cultivated strong relationships with the key collectors in the field, ... Sotheby's Chinese Works of Art Department holds two auctions each year in London, New York, Hong Kong and Paris. It’s also a type IIa diamond, the most chemically pure. Only 1-2% of mined diamonds receive this classification. This sale at the Four Season Hotel des Bergues is led by a selection of diamonds and colored gems ranging from one to more than 100 carats. You may opt-out by. She is the daughter of Jules Porgès, a French diamond pioneer who founded the Compagnie française de diamants du cap de Bonne-Espérance in the late 19th century. It’s one of 15 items on offer by the Roman jewelry house. [EN] CLAIRE DOMERGUE, A SPECIALIST IN COMMUNICATION IN THE LUXURY SECTOR, HAS SURROUNDED HERSELF WITH EXPERTS TO CREATE THE FIRST MEDIA DEDICATED TO THE ECONOMIC NEWS OF LUXURY AND FASHION. Sotheby’s is the oldest company with 80 offices in 40 countries and listed on the New York Stock Exchange (IDD). In addition to this blog, you can find me at my "Jewelry News Network" blog and facebook page, on Instagram @jewelrynewsnetwork and on Twitter @jewelrynewsnet. But a tumultuous past pair of years has made it a key locus of art world speculation. A velvet black ribbon completes the elaborate gem. Its estimate is $1.6 million - $2.6 million. In 2010, a federal judge ruled against Minor and he was barred from bidding again at either Sotheby’s or Christie’s by the two auction houses. Estimate: $2.6 million - $3.6 million, Henriette Hélène Porgès, the Marquise de la Ferté-Meun. Its estimate is $833,727 - $1.1 million. What challenges await Chloé’s new artistic director? The first is a platinum and gold bracelet featuring eight natural Kashmir sapphires with no heat or clarity enhancements ranging from 3.8 carats to 8.29 carats (total weight 43.95 carats), interspersed with rectangular and fancy-shaped diamonds. Estimate: ... [+] $33,353 - $44,471. A 102.41-carat diamond pendant offered by Sotheby's with an estimate of $833,727 - $1.1 million. “Colette mon amour”: The documentary that traces the end of a “historical monument”. It’s attached to a white gold brooch in a circular flower motif lined with round and baguette-cut diamonds. [THE LUXURY JOURNALS] Jean-Luc Dechery (Camille Fournet): “Today, we are able to trace the origin of a bracelet.”, [THE LUXURY JOURNALS] 4 questions to Frank Boehly, President of the National Leather Council, [The Luxury Journals] Noémie Dumesnil (Authentic Material) : “Our goal is to maximize naturality and pedagogy for our clients”. Photo courtesy Sotheby’s. Its estimate is $400,000 - $500,000. In the lead-up to key London art sales this week, Christie’s and Sotheby’s have deepened their rivalry and sharpened their tactics. Private sales, online … Alexandris says that it’s a buyer’s market, particularly when it comes to value. He remains in Geneva as travel in and out of the country is difficult. In addition, both auction houses canceled public previews and will only hold private viewings by appointment. The main reason for this decline is the difficulty in finding valuable lots to offer as sellers are more reluctant in times of lockdown. To get a sense of the global market dynamics at play within Christie’s and Sotheby’s, lots were grouped according to city. An 18.03-carat D-color, flawless cushion-shaped diamond is the top lot of Sotheby's Geneva sale. THE LATTER DRAWS THE ATTENTION OF ITS READERS TO ALL THE MAJOR PLAYERS IN THESE SECTORS WHO SHARE THEIR EXPERIENCES, VISIONS AND KNOW-HOW. A Cartier “Tutti-Frutti” bracelet offered by Christie's. Asians also obtained 9 of its 20 “top lots” for the year. ... [+] Estimate: $2.7 - $3.8 million. The geometric designed jewel is set with circular-and rose-cut diamonds that support a detachable pendant swing-set with an 8.39-carat rose diamond within a frame of diamonds. Christie’s Magnificent Jewels Sale, November 10, 3 p.m. (9 a.m. EST). Sotheby's was founded in London in 1744 as a bookseller. Christie’s and Sotheby’s move up a gear… [16 Jul 2020] The major auction houses have done everything within their imaginative power to end the first season of 2020 with some kind of … It was formerly in the collection of the first Marques de Guirior (1708-1788), a Spanish naval officer and colonial administrator who served as Viceroy of New Granada and Viceroy of Peru. Its estimate is $1.7 million - $2.7 million. “I think it’s the right time to buy goods if you have the money. Both Christie’s and Sotheby’s organize their accessible lots into catalogues. Although Christie’s clocked up more auction sales than Sotheby’s, $6.5 billion against $6 billion (the rest comes from private sales they broker), the two firms have broadly similar overheads. However, the health crisis linked to Covid-19 led to a drop in auction sales for the two art multinationals. Get notified about exclusive offers every week! The acquisition also means that the world’s two leading auction houses are now in the private ownership of French billionaires, with Christie’s auction house bought by the Pinault family in 1998. Sotheby’s and Christie’s Look to Luxury as a Coronavirus Antidote The world’s two biggest auction houses are selling more watches, jewelry and handbags, but art’s still where the money is. Christie’s reveals that it has made more sales of high-value items in online sales than in physical sales, and the multinational company is experiencing a 57% increase in online sales to $1.3 billion. It’s one of six lots being offered by the Parisian jewelry house. The past year has been a roller-coaster ride. offered by Christie's. For Sotheby’s, auctions represented $3.5 billion, a 30% decrease from 2019, while for Christie’s, the decline is estimated at more than 40%, to $2.8 billion. Luxury car: Tesla reaches half a million sales in 2020! A sapphire and diamond bracelet offered by Christie's with an estimate of $2 - $3.1 million. On Sunday, Alexandris added that Sotheby’s is able to accommodate more buyers by creating separate areas he describes as “small boxes.” The auction house is booking appointments for one- and -two-hour intervals, he added. Grâce à une veille accrue et à une excellente connaissance du secteur, nous nous intéressons aux principaux enjeux économiques et technologiques de la mode, la haute horlogerie, la joaillerie, la gastronomie, des cosmétiques, parfums, de l’hôtellerie, l’immobilier de prestige…, COPYRIGHT 2020 LUXUS + ALL RIGHTS RESERVED, Our site uses cookies. Read More. The next two lots feature colored gems. Upwards of 500 lots are normally on offer. Sotheby’s and Christie’s enjoy an auction house monopoly, or more accurately a duopoly, in these signature categories, with a renascent Phillips hard on their heels in recent years. It features carved ruby leaves, carved emeralds, onyx beads, single and old-cut diamonds. The number two item among colored diamonds is a 3.96-carat fancy deep blue, pear-shaped modified brilliant-cut diamond with SI1 clarity. Both auction specialists have increased their online sales and more than 70% of Sotheby’s auctions took place online this year, compared to 30% in 2019, with more than 40% of new bidders on the web. Sotheby’s And Christie’s Auction Houses Bring Strong Prices Sotheby’s Auction House Scores Big! This 28.88-carat, VVS2, fancy vivid yellow diamond will appear at Christie's Geneva. The Geneva auctions held twice per year are the most anticipated in the world of important collectible jewelry, offering a mix of exceptional diamonds and gemstones, royal and noble jewels, historical pieces with important provenance, and highly sought after signed and period pieces. Estimate: $222,354 - $333,531. Estimate: ... [+] $918,000 - $1.5 million. However, with the pandemic still roaring through much of the world, the number of lots being offered by the two auction houses is down significantly. It’s unclear whether these are brooches, earrings or have other uses. * A gold “Serpernti” bracelet-watch by Bulgari, 1960s, featuring marquise and circular-cut diamonds, and cabochon rubies. A pair of diamond and fancy colored diamond earrings is the top lot at Christie's Geneva auction. ISG Luxury Management Webinar: What to remember about Chantal Thomass’ presentation! Christie’s, Phillips, and Sotheby’s together saw a 79 percent decline in revenue for the second quarter of 2020 when compared to 2019, according to a new report from London art market analytics firm Pi-eX, as reported by Art Market Monitor . It is owned by Groupe Artémis, the holding company of François-Henri Pinault. Christie's and Sotheby's have rich histories. Number two item among colored diamonds is a British auction house Scores!. For digital sales at $ 311 million, Henriette Hélène Porgès, the Marquise de la Ferté-Meun 1878-1946! 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