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A Closer Look at Our Highlights | March 2020 Fine Jewels

Fortuna is excited to share some of our favorite highlights from our upcoming March Fine Jewels sale! The sale goes live March 19, 2020, at 1:00 PM EDT

Antique Diamond and Sapphire Compact, Provenance of Anna Thompson Dodge

Lot 78, Antique Diamond and Sapphire Compact

This Antique Diamond and Sapphire Compact is one of the most special pieces in our March Fine Jewels sale. The antique compact is crafted in a combination of gold and platinum with an exquisite floral design: indicative of the late Victorian era. Hours were likely spent on the intricate carvings of the mountainside, cherubs, and floral motifs.  The compact is made more glamorous by the setting of pear- and old European-cut diamonds enhanced by oval cabochon and calibre-cut sapphires; the touch of color contrasts beautifully with the 14k gold. The precious compact has a compartment to store a photo, a mirror enclosed, as well as small compartments where one could hold rouge and some hairpins; the only essentials a lady of that time would need, especially one of as high a status as the original owner…

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Cartier Crash 1991 Limited Edition - Fortuna December 2019 Important Watches

Record Breaking Cartier Crash Leads Fortuna’s December Sales

NEW YORK, December 16, 2019—Fortuna, the NYC-based auction house specializing in fine jewelry and watches, concluded its final auctions for the year, Important Jewels and Important Watches, achieving over $1.8 million in revenue and setting a world record for the iconic Cartier Crash, one of the most unusual and intriguing watches on the market.

Created in 1967, legend has it that the Cartier Crash, which resembles the melting clocks in Salvador Dali’s “The Persistence of Memory,” was inspired by a timepiece recovered from a scorching car wreck. Reissued in 1991 in a limited edition of only 400 pieces, the rare timepiece is quickly achieving cult-status and has been spotted on the wrists of high profile celebrities, such as a style icon and avid watch collector, Kanye West. Yet, veteran collectors were shocked when the Crash flew by its high estimate of $50,000, achieving $81,250 at the boutique NYC auction house.

“The record-breaking price achieved for the Cartier Crash, once again affirms our belief that people should always opt for the auction house that specializes in a particular field,” said Seth Holehouse, President and Auctioneer at Fortuna. “In a market as complex and ever-changing as that of watches and jewelry, it pays to partner with auction houses that are completely tuned in to what the market is willing to offer.”

Sold alongside the Crash was an exceedingly rare Rolex Daytona “Paul Newman” Ref. 6239—the king of vintage sport watches. After the historic sale of Paul Newman’s own Rolex Daytona, which achieved over $17 million in 2018, prices for the ref. 6239 have stabilized at around $100,000–$180,000 across all major auction houses. However, the timepiece achieved a remarkable $200,000 at Fortuna—the strongest price seen globally this year.   

In jewelry highlights, a gorgeous Tiffany & Co. Art Deco Diamond and Emerald Bracelet, property of an Arkansas lady, achieved $68,750 against a pre-sale estimate of $35,000–$50,000, while a Retro Van Cleef & Arpels Diamond Bracelet sold for $43,750, surpassing its estimate of $20,000–$30,000—once again confirming the strength in the market for period style jewelry from the major design houses. This December, Fortuna offered an extensive collection of over 400 lots of fine jewelry and watches from private estates and collectors, and achieved a phenomenal sell-through rate of over 71%. 

When asked about the trajectory of the jewelry and watch market in the new year, the CEO of Fortuna, John Saxon expressed high hopes for the company. “It’s no secret that the strength of the jewelry and watch market wax and wane with economic cycles, but Fortuna continues to keep their finger on the pulse. Jewelry and watches are all we do, and we are determined to enter 2020 with the ability to achieve the highest possible market prices for our clients, as we have unquestionably proven in our recent December sales.”

 

We Invite You to Auction!

We are always accepting fine jewelry and watch consignments for upcoming auctions, whether it is a single item or an entire collection. Check out our upcoming auctions here. Please contact our office or fill out our web form for a complimentary auction appraisal. Our specialists look forward to helping you understand the value of your pieces.

For more information, please contact us at:
P: (212) 389-9040

E: valuation@fortunaauction.com

Cartier Crash Watch 1991 Limited Edition | December 2019 Important Watches

The Cartier Crash is one of the most iconic watches made by the legendary jeweler. The original Crash was made by Cartier craftsmen in the UK after seeing a colleague’s watch that was badly melted in a car accident. The resulting Crash reminded many of Salvador Dali’s surrealist watches in one of his most well known works, “The Persistance of Memory,” and a legend was born that is associated with the “Swinging London” of the 1960s. 

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Cartier 6.69ct Burmese Sapphire and Diamond Ring - Fortuna Exchange: February Sale

Fortuna Exchange: February Sale Highlights

NEW YORK, NY— Fortuna Exchange: February Sale was a strong start to a new monthly auction series that Fortuna introduced in 2019, offering collectors a broad range of fine jewelry and watches from celebrated makers across all eras. The Fortuna Exchange was created to provide our sellers greater opportunities per year to sell their assets on a global platform, without the constraints or limitations of consigning their pieces to seasonal sales that are few and far between.

With the addition of regular monthly auctions, alongside our larger signature sales that occur biannually, we are excited to offer our clients a year that is overflowing with rare and exciting fine jewelry and watch offerings.

Estate and Signed Jewelry Lead the Sale

In fine jewelry highlights, signed jewelry performed very strongly—achieving a total sell-through rate by value of 85.4%. In particular, the cover lot, a very fine Cartier 6.69ct Burmese Sapphire and Diamond Ring, prompted a roar of competitive bidding. The property of a New York lady, the finely crafted ring achieved a final price of $65,625, exceeding a pre-sale estimate of $40,000-$50,000. All in all, jewelry by Cartier and Tiffany & Co. drew the attention of bidders across the globe, achieving sell-through rates by value of 81.5% and 84.6% respectively.

 

A Cartier Unheated Burmese 6.69ct Burmese Sapphire and Diamond Ring. Achieved $65,625 at auction, against a pre-sale estimate of $40,000-$50,000.

 

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Fancy Intense Blue Diamond Ring- Fortuna Fine Jewelry and Watch Auction NYC December 2018 Magnificent Jewels

Fortuna Breaks Major Ground with Biggest Sale Ever—Selling $4 Million in Jewelry and Watches

NEW YORK, NY—Fortuna’s highly anticipated three-part winter auction series took place on December 6-7, 2018, achieving a total sale revenue of around $4 million USD. The auctions offered an exemplary collection of jewelry and watches from the most prestigious makers in their craft, including Cartier, Van Cleef & Arpels, Tiffany & Co., Rolex, and Omega.

 

Highlighting Fortuna’s first sale of the season, Session One: Magnificent Jewels, was an exquisite 3.05ct Fancy Intense Blue diamond ring. Naturally occurring blue diamonds are found in less than 0.02% of all diamonds mined and are one of the rarest gemstones in the world. This particular blue diamond ring was consigned by an important Asian collector, and exhibited a gorgeous and vibrant blue hue that is rarely seen, even among blue diamonds. After a round of tense bidding that had the auction floor buzzing with excitement, the ring achieved $1,395,000, selling to a phone bidder.

 

 

In addition to colored diamonds, Magnificent Jewels also featured an exquisite assortment of rare estate jewels and signed pieces spanning many historical style periods. Of the many jewelry highlights, a stunning Art Deco Cartier sapphire and diamond bracelet truly evoked the classic glamour that is characteristic of the Roaring Twenties era. The piece achieved $76,800 USD against a pre-sale estimate of $60,000-$90,000.

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