Over 460 items of jewellery and silver and watches went under the hammer with many selling for way in advance of estimates at this inaugural stand alone sale at Cheffins' headquarters at Clifton House in Cambridge.
Steve Collins, Head of Jewellery, Silver and Watches comments: “Sale rates from this auction go to show the strength of the market for the best in class of jewellery, silver and watches. The auction saw a comprehensive selection of pieces at varying price points which helped to ensure that the room was packed on sale day and a number of items completely smash their pre-sale estimates.”
Nearly 85 per cent of the jewellery lots on offer were sold, with many at prices far exceeding pre-sale estimates. One highlight was a sapphire and diamond ring from Tiffany & Co which made £4,000, doubling its pre-sale estimate of £1,500 - £2,000. The most expensive lot in the section was a three-stone diamond ring with the estimated weight of diamonds in excess of 3cts and which sold for £5,000 to a local bidder in the room. A surprising sale within the jewellery section was a star sapphire negligee pendant which sold to a private buyer for £3,000, far in excess of its £400 - £600 estimate.
Amongst the silver, nearly 95 per cent of lots sold to either private collectors or trade buyers. The most expensive lot on the day was a 174-piece silver travelling ensemble by Garrard & Co which dated back to 1925 and which sold for £7,000. Similarly, the highly-collectable silver cow creamers all sold for high prices, with the largest and one of the best examples achieving £1,100.
Amongst the 38 watches on offer, a lady’s 18ct gold and steel Rolex Oyster watch achieved its top estimate, selling for £2,000; whilst a gentleman’s Rolex Oyster watch dating back to 1952 sold for £1,500. A 1945 gentleman’s Breitling Datora which needed full restoration far exceeded expectations selling for £1,400, smashing its guide price of £200 - £400.
Steve Collins continues: “The Breitling was a surprise result, bearing in mind the high level of restoration needed, however this goes to show that the market for watches from the top brands in the industry continues to thrive, irrelevant of time period or condition. This is a similar story in the jewellery section, with items from well-known designers continuing to make top prices as the market increasingly places value on brand as much as quality. The Tiffany & Co ring is another illustration of this and fabulous examples from Georg Jensen and Child & Child also sold for high prices.”
The sale grossed a total of over £175,000.
The landmark sale was the first standalone auction for these jewellery, silver and watches within the firm’s already comprehensive calendar and is set to take place twice a year moving forwards. Items are already being consigned for the next jewellery, silver and watches sale will take place in April 2019.
Auction: The Jewellery, Silver and Watches Sale | 25th October, 2018 Location: Cheffins, Clifton House, 1-2 Clifton Road, Cambridge, UK, CB1 7EA
For more information, contact the Fine Art team on 01223 213343
*All prices recorded are hammer price, not inclusive of VAT and buyers’ premium.
For further media information, please contact Sophie Richardson, PR Manager, Cheffins,on 01223 271990.