Christie’s puts jewelry and handbags in the spotlight – Low Calorie Diets Tips

EVERYTHING THAT GLITTER: Like its rival Sotheby’s, Christie’s is still flying high after recent record-breaking art sales. Hoping to keep up this fast-paced momentum, Christie’s is banking on some high-priced accessories and jewelry to drive more sales.

Wednesday’s Magnificent Jewels auction features The Light of Africa Diamond, an emerald-cut diamond weighing 103.49 carats. This piece has an estimate of between $11 million and $18 million.

The sale also includes notable jewels from JAR, from estate philanthropist, publisher and socialite Ann Getty, who died in 2020, including a multi-precious diamond leaf brooch with a cushion-cut emerald of nearly 12 carats. Pre-sale estimate is between $500,000 and $700,000.

Another key offering at the Magnificent Jewels auction will be a set of coral and gold jewelery by Van Cleef & Arpels, previously owned by the late New York Grand Dame Brooke Astor. The VCA NY signed necklace and earrings are expected to fetch between $30,000 and $50,000.

Wednesday also marks the start of Christie’s two-day Watches Evening Sales. An 18k rose gold Patek Philippe watch with a cloisonné enamel dial depicting the shores of Lake Geneva and the Lavaux vineyards is expected to cost between $1 million and $2 million.

There is also an ongoing online sale for designer handbags which ends on Thursday. Dubbed “The New York Edit,” the 194 pre-owned models include dozens of Hermès, as well as options from Gucci, Chanel and Louis Vuitton. On Monday, a Hermès 2016 Glossy Gris Tourtrelle Porosus Crocodile Kelly Bag had a bid of $14,000. There are also a few sundries like the Hermès 2021 Savannah bag tag, which had a current bid of $300 as of Monday afternoon — $100 below the estimated opening price.

Returning to New York last fall after spending a number of years working in Christie’s London office, Rachel Koffsky was appointed Senior Vice President of International Handbags on June 1 and will continue to serve as an auctioneer.

One handbag that’s garnering a lot of attention online is a 2021 Hermès Birkin 25 handbag in matte pink alligator that had a bid of $120,000 as of Monday afternoon — double the high end of its estimate.

Another highlight is a Kelly 25 in matte white Himalayan crocodile with palladium hardware, which had a $120,000 bid as of Monday afternoon. That approached the estimated opening price of $150,000. “A very similar piece recently sold in Hong Kong for $450,000,” Koffsky said.

In her previous role as International Senior Specialist, she has traveled to many different countries to help handbag collectors take care of their collections, curate collections and set up auctions. She also worked as an auctioneer for the company’s handbag auctions in London. Christie’s has also reintroduced handbag sales in Paris and Milan. Thanks to international participation, the April auction in Paris for the most collectible bags resulted in 100 percent of the 70 models being sold. Citing a recent “phenomenal” sale in Hong Kong, Koffsky said expectations for New York were also high.

“The market for handbags is very strong. We see very strong demand. The pandemic has changed the way many people shop and collect. It’s really reduced a lot of barriers to entry in terms of people feeling comfortable participating online and in the secondary market,” she said.

In addition, supply chain issues and the closure of some factories have led some customers to look to the aftermarket for options. Many do this for the first time in their lives. Interest in resale is being led by Gen Z, whose members are “very comfortable buying and selling in the secondary market,” Koffsky said. “It’s a feeling, it is [increasingly] shared by all generations.”

Handbags are part of the luxury cluster at Christie’s, which also includes watches, wine and jewellery. Although the jewelry department is a separate department, the handbag team works closely with its staff and there is a lot of interaction with buyers. “Often customers come in and look at a diamond. And when they walk through the galleries, a Birkin takes them or vice versa,” Koffsky said.

Christie’s New York has additional collections from the Ann & Gordon Getty Collection in store for this fall. Nearly 1,500 pieces of decorative and fine art from the couple’s San Francisco home will be offered in a series of auctions in October. Il Canaletto’s “Entrance to the Grand Canal Looking East” and Henri Matisse’s “Chrysanthemes dans un vase de Chine (1902)” are expected to fetch about $6 million and $4 million, respectively. Proceeds from the sale, which will benefit the Ann and Gordon Getty Foundation for the Arts, are estimated at up to $180 million, according to the auction house.


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