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Diamond & Watch Aucions Break Records!
Christmas came early for Sotheby's and Antiquorum auction houses, which both hosted record-breaking watch and jewelry sales last week in New York.
Sotheby's Magnificent Jewels from the Houses of Castellani and Giuliano: The Judith H. Siegel Collection sale, held on Dec. 6, brought in $7.4 million, while the jewels in its Van Cleef and Arpels Tribute Collection netted $4.4 million. Additional jewelry sales held on Dec. 6 brought the day's total sales to $28.3 million.
Of the Magnificent Jewels lots, 58 percent sold above their pre-sale estimates, while 78 percent of the Castellani and Giuliano pieces sold above estimates.
To date, Sotheby's principal jewelry showrooms have sold $175.4 million, a 24 percent boost over the same period last year.
On Dec. 8, Antiquorum's Important Collector's Pocket Watches and Clocks sale brought in $7.3 million.
The sale, Antiquorum's last of the year, brought the world total of Antiquorum sales in 2006 to $78 million.
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