Important Jewels & Watches Sale Achieves More Than $1.5M with 78% Sell-Through
Strong Bidder Interest Persists in April Important Jewels & Watches, The 2nd Sale in Fortuna’s Spring Auction Series
Fortuna’s Spring auctions offered hundreds of rarities from private collections and estates, attracting strong bidders from over 40 countries. The Important Jewels & Watches sale took place on April 26, 2018, following the phenomenal success of The Estate of Bo Legendre sale. The widespread interest for Fortuna’s second sale in its Spring Auctions Series contributed to the overall momentum of the rapidly growing auction house. Over $1.5 million in fine jewelry and watches were sold, along with an impressive 78% sell-through rate.
Fortuna Becomes a Serious Player in the Secondary Market for Important Watches
April Important Jewels & Watches was also monumental for Fortuna because it was the auction house’s first sale to debut important timepieces of marked interest within the experienced watch collector community. The sale offered watches from a broad range of world-renowned brands, such as Patek Philippe, Rolex, A. Lange & Söhne, and more. Remarkably, every watch in Important Jewels & Watches was sold, and a majority of the watch lots managed to hammer for well-above their pre-sale estimates.
Of the important timepieces that garnered strong bidder activity, most notable were the A. Lange & Söhne Datograph Perpetual and a Rolex Daytona Cosmograph Ref. 6265. The property of a New York Gentleman, the mint-condition A. Lange & Söhne White Gold Datograph Perpetual was a fine example of one of the most expensive and complicated watches in current production under the Saxon watch house. It achieved $75,000 at auction, against a pre-sale estimate of $60,000-$80,000. The Rolex Daytona Cosmograph Ref. 6265, the property of a Florida estate, was certainly a favorite for all vintage Rolex collectors. It sold for $71,875, soaring past its pre-sale estimate of $40,000-$60,000. Another fiercely contended lot was a Patek Philippe Neptune Diamond White Gold Ladies Watch, which managed to achieve $28,125 at auction, against a pre-sale estimate of $9,000-$14,000.
Estate and Diamond Jewelry Highlights
Among the jewelry highlights of the sale, a Double-Stranded Natural Saltwater Pearl Necklace, the property of a private collection, set the record for highest hammer for natural pearls at Fortuna. After a tense exchange of competitive bidding between phone bidders across the globe and live bidders in the audience, the necklace achieved $143,750, shattering its pre-sale estimate of $20,000-$30,000. Other estate jewelry highlights included two gorgeous diamond rings. The property of a prominent Michigan estate, a stunning 3.74-carat F color VS2 clarity diamond ring achieved $68,750 at auction, while a 5.37-carat K color VS2 clarity diamond ring from a different private collection sold for $53,125. Proceeds from many of the lots, including the 5.37-carat diamond ring, will also benefit the Addario Lung Cancer Medical Institute, a provision made possible by the generosity of the consignor.
Coming Up on The Fortuna Calendar: June Important Watches & Fine Jewels
On June 28th, 2018 Fortuna will host two sales throughout the day. In the morning session, Fortuna is thrilled to offer its first IMPORTANT WATCHES sale. Featured will be a multitude of luxury timepieces from renowned watchmaking houses across the globe. Highlighting the collection is an authentic, fresh to market 1969 Rolex Paul Newman Daytona, Ref. 6239. In the afternoon, Fortuna will hold its FINE JEWELS sale, offering an eclectic selection of signed and period jewelry from various private collections.
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Note: Sale totals and prices listed reflect the hammer price plus buyer’s premium.