SOURCE: Skinner, Inc.

Skinner, Inc.

March 23, 2010 14:41 ET

Skinner Fine Jewelry Auction Nets $2.6M, $1M Over Pre-Auction Estimate

BOSTON, MA--(Marketwire - March 23, 2010) - Skinner, Inc. today announced the results of its latest fine jewelry auction, which was held in Boston on March 16th. The highly successful sale grossed $2.6M including buyer's premium, just short of a million over the pre-auction estimate high. Fine jewelry coming from two prominent collections -- that of Hope Goddard Iselin and Elizabeth Colt -- did especially well, with Cartier and Black, Starr and Frost pieces inspiring heavy and spirited competition.

The sale's top seller was an Art Deco Cartier platinum, diamond and onyx bracelet, estimated at $30,000 to $40,000 and selling for $253,500. The piece came from the collection of Mrs. Hope Goddard Iselin of New York and Newport, the first woman to compete in the America's Cup. Also from Iselin's collection was a pair of Cartier Art Deco platinum jadeite and diamond earpendants, estimated at $6,000 to $8,000, but selling for more than 10 times that at $118,500.

From the collection of Elizabeth Colt, wife of Colt revolver inventor, Sam Colt, came an important antique diamond and enamel demi-parure. This wedding gift from Sam Colt in 1856 was estimated at $25,000 to $30,000, but went for an astounding $201,450.00 and was purchased by the Museum of Fine Arts in Boston. Two other stellar pieces from the Colt collection, both coming from Elizabeth's sister, included an antique double-strand pearl and diamond Black, Starr & Frost necklace, estimated at $25,000 to $35,000, which took in $88,875.00 and a Black, Star & Frost pearl and diamond necklace, estimated at $20,000 to $30,000, which went for $71,100.

According to Gloria Lieberman, director of Fine Jewelry at Skinner, "Going into the sale we were very excited about such wonderful, fresh-to-the-market material from distinguished New England families. That excitement translated into a stellar auction with highly competitive bidding." Lieberman continued, "Skinner's strategy to be conservative with estimates worked well with buyers in this recovering economy. For me, the highlight of the sale was the purchase of the Colt necklace by Boston's Museum of Fine Arts. A piece as beautiful as this coming from such an iconic American family needs to be available for all to enjoy."

Diamonds also didn't disappoint, with a 6.09 cts. pear shaped platinum and diamond solitaire going for $85,912, double its pre-sale estimate of $40,000 to 60,000; a 18kt gold Cartier mount diamond ring bringing in $43,845, and previously estimated at $15,000 to $20,000; and a 4.5 cts. prong-set marquise-cut platinum and diamond solitaire selling for $34,365.00, more than double its pre-sale estimate of $10,000 to $15,000.

Skinner's next Fine Jewelry sale will be held on June 15, 2010 in the Boston gallery. Skinner is currently accepting consignments for the sale. For more information, reach the Fine Jewelry department at 617-874-4313 or jewelry@skinnerinc.com.

About Skinner
Skinner, Inc. is one of the world's leading auction houses for antiques and fine art. With expertise in over 20 specialty collecting areas, Skinner draws the interest of buyers from all over the world and its auctions regularly achieve world record prices. Skinner provides a broad range of auction and appraisal services, and it is widely regarded as one of the most trusted names in the auction business. Skinner's appraisal experts regularly appear on the PBS-TV series, Antiques Roadshow, and its specialty departments include American Furniture & Decorative Arts, American & European Paintings & Prints, European Furniture & Decorative Arts, 20th Century Design, Fine Ceramics, Fine Jewelry, Couture, Fine Musical Instruments, Asian Works of Art, Fine Wines, Rare Books & Manuscripts, Oriental Rugs & Carpets, American Indian & Ethnographic Art, Fine Judaica, Antique Motor Vehicles, Toys, Dolls & Collectibles, Discovery and Science, Technology & Clocks. Skinner galleries are located in Boston and Marlborough, Mass. For more information on upcoming auctions and events, visit Skinner's web site www.skinnerinc.com.

Contact Information

  • Contact:
    Gloria Lieberman, Director
    Skinner, Inc. Fine Jewelry
    617-350-5400 x305
    Email Contact

    Darlene Hollywood
    Darlene Hollywood Public Relations
    781-837-2572
    Email Contact