Home News Van Cleef & Arpels Necklace Shaped Like a Diamond Tie Sells for $3.6 Million

Van Cleef & Arpels Necklace Shaped Like a Diamond Tie Sells for $3.6 Million

by Madonna

A Van Cleef & Arpels diamond “Tie” necklace stole the spotlight at Sotheby’s Magnificent Jewels auction in New York. This necklace, dating back to around 1929, outstripped expectations, fetching a whopping $3.6 million. That’s three times its estimated value of $1.2 million, following a lively bidding war among seven interested parties.

Despite featuring only 95 lots, a relatively low number for such a major New York auction, the event proved successful. The auction realized a total of $30 million, coming close to its high estimate of $35 million. Impressively, 90% of the lots found buyers, with 62% of those selling for prices surpassing their estimated values. Participation spanned across 30 countries, with over 1,200 bids placed. Notably, seven of the top 10 valuable jewels fetched over $1 million each, showcasing the appeal of Art Deco pieces, Kashmir sapphires, and white diamonds.


Quig Bruning, Sotheby’s Head of Jewels for Americas & EMEA, attributes the auction’s strong performance to the new lower buying premium, set at 20%. Bruning emphasizes that this fairer fee structure not only entices more buyers to join auctions but also underscores Sotheby’s commitment to inclusivity and client satisfaction.


You May Also Like


Giacoloredstones is a colored gem portal. The main columns are Ruby, Sapphire, Emerald, Tourmaline, Aquamarine, Tanzanite, Amethyst, Garnet, Turquoise, Knowledges, News, etc.【Contact us: [email protected]

© 2023 Copyright