Victorian Kashmir Sapphire and Diamond Ring - Fortuna NYC Fine Jewelry & Watch Auction

Fortuna Achieves Nearly $1.4 Million in September 2018 Important Jewels

Session Two of Fortuna’s fall auction series witnessed strong bidder activity from a packed showroom and oversea buyers.


On September 27, 2018 Fortuna’s IMPORTANT JEWELS sale, followed Session One: Important Watches, and achieved a total of $1,378,977 in sales revenue, with well over 150 lots selling for exceptionally strong prices. Of the many estate jewelry highlights, the most notable was the cover lot, a stunning rectangular cushion-cut Kashmir sapphire, weighing 4.30-carats, surrounded by eight old mine-cut diamonds, set in an 18K gold Victorian setting. This rare beauty achieved $187,500, against a $150,000-$200,000 estimate.

A rare Victorian 4.30-carat Kashmir Sapphire and Diamond Ring. Achieved $187,500 at auction, against estimate of $150,000-$200,000.


Additional highlights in colored gemstones included an Oscar Heyman & Bros. Sapphire and Diamond Ring, which sold for $40,625 against a pre-sale estimate of $30,000-$40,000, and a Tanzanite and Diamond Platinum Ring, which achieved $22,500 against a pre-sale estimate of $18,000-$25,000.

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Rolex Paul Newman Daytona - Fortuna NYC Fine Jewelry & Watch Auction

Rolex “Paul Newman” Daytona Fetches $275,000 at Fortuna’s Important Watches Auction

The NYC auction house cements its presence in the world of high-end watch collecting, selling 95% of lots.

On September 27 Fortuna held its second Important Watches auction in New York City, in which the sell-through rate exceeded 95% with a total sale value of $889,729. More than 600 registered bidders from 43 countries competed for 66 lots. The sale was lead by a Rolex “Paul Newman” Daytona reference 6239 that sold for $275,000 including premium. Fortuna has taken yet another strong step forward in establishing itself as a serious player in the high-end watch space.

“There was a lot of fierce bidding and excitement in the auction room. We sold 63 of the 66 lots offered, with many of the watches far exceeding their pre-sale estimates. Our consignors and buyers were very pleased with the results and the quality of watches offered, and we already have a flood of consignments coming in for our December sales.” said Seth Holehouse, Co-CEO and Head of Jewelry and Watches.

 

A fresh-to-market Rolex Daytona “Paul Newman” reference 6239 achieved $275,000 against a pre-sale estimate of $150,000-$250,000.

 

Rolex Watches Soars

The Swiss brand performed very well at auction, with all 24 Rolex watches selling. The Rolex lots in the sale brought a total of $584,164, surpassing the combined pre-sale high estimates of $510,300.

Among the top performing Rolex watches were a “Four-Line” Daytona reference 16520 which brought $43,750 against a pre-sale estimate of $18,000–$28,000, a “Double-Red” Sea-Dweller reference 1665 which brought $31,250 against a pre-sale estimate of $14,000–$20,000, and an Explorer II reference 1655 which brought $21,250 against a pre-sale estimate of $12,000–$18,000.

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Rolex Paul Newman Daytona Ref. 6239-Fortuna Auction NYC

Fortuna Concludes June Auction Series in a Strong Fashion—Highlighted by Inaugural Important Watches Sale

As an auction house with a predominant fine jewelry focus, Fortuna establishes itself in the niche world of haute horology with the high-profile sale of a Rolex “Paul Newman” Daytona.

Following the success of Fortuna’s April auctions and the monumental sale of The Estate of Bo Legendre, Fortuna has continued to achieve strong results into the summer, despite it being a traditionally slow season for the rest of the industry. Total revenue of Fortuna’s summer auctions amounted to over $2.1 million, with over 80% of the lots sold—an impressive feat in the auction industry. Soaring hammer prices for a medley of rare estate jewelry and vintage timepieces met an animated and crowded showroom of fine jewelry and watch connoisseurs. Approximately 79.4% of the lots offered in the summer auctions exceeded pre-sale estimates, reflecting strong bidder activity from private collectors in 47 countries.

 

IMPORTANT WATCHES Post-Sale Highlights

June 28th IMPORTANT WATCHES was Fortuna’s first watch-only sale and a demonstration of the newfound confidence Fortuna has inspired in the watch collector community, likely resulting from the strong prices the auction house was able to achieve in April’s Important Jewels & Watches sale.

Rolex Paul Newman Daytona - Fortuna Important Watches

A Rare and Highly Desirable Rolex “Paul Newman” Daytona, Ref. 6239 (Lot 2104) sold for $212,500—soaring past its starting bid of $120,000.

 

The highlight of the sale was indubitably the Rolex “Paul Newman” Daytona Ref. 6239 (Lot 2104), the world-famous vintage watch that has generated an unwavering cult following. Produced circa 1968, the “Paul Newman” Daytona offered by Fortuna features the same reference model that Paul Newman, accomplished actor and race car driver amongst his many other pursuits, wore and popularized. Heavy world-wide interest surrounding the watch could certainly be felt on the day of the auction, as competitive bidding between a gentleman on the auction room floor and a phone bidder took the price far beyond the initial starting bid of $120,000—achieving a sold price of $212,500!

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Fortuna Hosts Exclusive Cocktail Event with Rolls Royce

Together with Rolls Royce and The Surrey Hotel, Fortuna Hosted an Unforgettable Night Celebrating The Estate of Bo Legendre

On April 12, 2018, Fortuna hosted an intimate cocktail party in partnership with Rolls Royce Motors and The Surrey Hotel, celebrating the life and unparalleled jewelry collection of Bo Legendre at the presidential suite of The Surrey Hotel in New York City.

Fortuna Partners with Rolls Royce Motors for Special Event

Rolls Royce town cars await outside The Surrey Hotel to transport guests to and from Fortuna’s highly anticipated event.

 

The elegance and understated luxury of one of The Surrey’s finest living spaces provided the perfect atmosphere for guests to lounge and thoughtfully appreciate the stars of the show—a few dozen of the most important offerings from The Estate of Bo Legendre, resting serenely within towering, pristine glass vitrines. Of the rare jewels displayed, some of the most coveted were jewelry pieces designed by the legendary French designer, Suzanne Belperron, and stunning Art Deco Cartier jewels.

 

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Bo Legendre Estate Sale Achieves Over $1.6M with 100% Sell-Through

Bidding Wars Erupt in a Packed Saleroom for Iconic Pieces from Suzanne Belperron, Verdura, Cartier, Van Cleef & Arpels and More—A Continuation of the Incredible Momentum of the Rapidly Growing Auction House

Fortuna’s auction of the jewelry collection of Bokara “Bo” Legendre achieved overwhelming success with a sale total of more than $1.6 million, and selling 100% of the lots—a remarkable feat rarely achieved at auction. On April 25, Fortuna hosted The Estate of Bo Legendre in their Fifth Avenue showroom, where a packed room of bidders watched as intense bidding wars erupted over nearly every lot.

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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.

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Magnificent Jewels a Record-Breaking Auction for Fortuna

A Pair of Fancy Vivid Yellow Diamond Studs, 4.04ct Total. Achieved $87,500. All prices include buyer’s premiums.

Important White and Yellow Diamond Prices Soar in Magnificent Jewels Auction

In their first-ever Magnificent Jewels auction, Fortuna shattered their previous sale records, with the sale realizing a total of $2.3 million, selling 70% by value. With strong interest around the globe, registered bidders came from 41 countries across six continents. The top price achieved in the sale was $994,000 for a rare 10.33ct D Color Internally Flawless emerald cut diamond ring by Van Cleef & Arpels.

A 5.01ct D IF Emerald Cut Diamond Ring. Achieved $200,000.

 

Asian Private Collectors

Fortuna’s strength in the Asian market continued to shine, with three of the six highest grossing lots being sold to Asian private collectors. “There is a burning desire for important jewelry and gemstones in Asia that far surpasses what we see in the American and European markets. Many of our Asian clients are actively building large private collections, and are very proactive in acquiring large flawless diamonds, gem-quality untreated colored stones, and rare signed pieces. We consistently sell our cover lots and sale highlights to these collectors,” said Anna Lin, Fortuna’s Director of Fine Jewelry, Asia.

7.65ct Fancy Vivid Yellow Diamond Ring. Achieved $237,500.

Diamonds Soar

Important fancy yellow and colorless diamonds stole the show: a pair of Fancy Vivid Yellow diamond ear studs weighing 2.02cts each achieved $81,250, a 7.65ct Fancy Vivid Yellow diamond ring achieved $237,500, a 5.01ct D Color Internally Flawless emerald cut diamond ring achieved $200,000, a 3.05ct D color Internally Flawless marquise cut diamond ring achieved $81,250, and a pair of diamond cluster earrings achieved $75,000.

Oscar Heyman Brothers Art Deco Bracelet. Achieved $27,500.

 

Intense bidding wars erupted for many of the lots including an Art Deco diamond bracelet by Oscar Heyman Brothers which sold for $27,500—nearly three times its low estimate, and a Retro charm bracelet that brought $11,875, triple its low estimate. “Excitement and energy filled the auction room. Many of the lots garnered very intense bidding, going far beyond the opening bid. It was a phenomenal sale for us to end the year with, and we look to 2018 with confidence and optimism,” said John Saxon, Fortuna’s President.

Van Cleef & Arpels 10.33ct D IF Diamond Ring. Achieved $994,000.

 

The cover lot and highlight of the sale was the 10.33ct D Color Internally Flawless emerald cut diamond ring, by Van Cleef & Arpels. The 10.33ct diamond ring was consigned by an affluent collector on the West Coast, and created a buzz of excitement among diamond collectors and connoisseurs. Not only was the diamond graded as the top color and clarity, but was also determined to be Type IIa. Often called “Golconda” diamonds, after the famous mine in India, Type IIa diamonds are the most chemically pure and are highly sought after by collectors. The chemical purity makes a D grade stone look even whiter than other D grade stones, and often gives them a transparent, watery appearance—making them a true treasure to collectors.

 

Cartier Coral Diamond and Emerald Brooch. Achieved $21,250.

Exceptional Growth

The successful Magnificent Jewels auction wrapped up a record-breaking year for Fortuna. Overall sale revenue was up over 300% from 2016, and the recent December auction grossed over 500% more than the December auction of 2016. Fortuna’s no-risk approach to selling, along with their base of private collectors in Asia, has attracted increasing numbers of affluent clients seeking assistance in selling their jewelry and gemstones. “This Magnificent Jewels sale is a major milestone for us. The performance of this sale and the caliber of jewelry and gemstones we sold has shown our strength in selling very important jewelry. We have already seen an increase in private clients contacting us to sell their higher value items,” said Seth Holehouse, Fortuna’s CEO.

 

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