THE NEW YORK JEWELS AUCTION ACHIEVES OVER $4.1 MILLION

Dianne Batista, Head of Jewels, New York, Senior Vice President, and Cristina Rodrigo, Specialist and Head of Sale, jointly said, “It was wonderful to see such enthusiasm from our collecting community around the globe as we concluded our jewels auctions for the spring season at Phillips. Today’s sale saw 82% of sold lots achieve prices within or above estimate and the auction was led by an extraordinary emerald and diamond necklace, which sold for $541,800. Demand continued for signed jewels, as well, with examples by makers such as Harry Winston, Cartier, and JAR, among others, selling 100% by lot and doubling their overall pre-sale estimate. Phillips has continuously demonstrated a proven ability to achieve strong results for single-owner collections, and today’s results underscore that commitment by our international team. The tremendous momentum achieved over the course of the spring for the collection of Tina Hills continued into the auction today with forty lots realizing impressive results, perhaps most notably the De Vroomen Tourmaline, Diamond and Enamel Pendant Brooch, 1999, which skyrocketed past its estimate of $3,000–5,000 to lead the group at $100,620. We are also delighted with the success of the Collection of Irma Nicolas, which achieved a white-glove, 100%-sold result. Both of these highly esteemed collections doubled their pre-sale estimates, further reinforcing the strength of the market and the continued confidence in jewels from private collections.”