Auctioneers tickled pink by 2017 jewelry sales

| January 18th, 2018

Auctioneers tickled pink by 2017 jewelry sales
"Auctioneers tickled pink by 2017 jewelry sales"

Christie’s and Sotheby’s saw combined jewelry sales of more than $1 billion this year as major pieces smashed auction records.

While neither company released a year-on-year comparison, Christie’s described 2017 as a “stellar year” for its jewelry department. Christie’s reported worldwide jewelry sales of $556.7 million for the year, while Sotheby’s garnered $551.3 million, it said.

Both auction houses recorded significant milestones this year, with Sotheby’s selling the CTF Pink Star diamond (pictured) for a world-record $71.2 million. It also achieved the highest price for earrings in auction history, selling the Memory of Autumn Leaves and the Dream of Autumn Leaves for a combined $57.4 million.

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Source Rapaport

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