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Christie's luxury market report

Christie s luxury market report
The Most Expensive Handbag Sold at Auction: A Rare, Matte White Himalaya Niloticus Crocodile Retourné Kelly 25 with Palladium Hardware Hermès, 2019 Grade: 1. Price Realized (USD$) 437,555. © Christie s Images Ltd 2020.
NEW YORK
.- There has been an accelerated shift to online sales with a 41% increase in luxury lots sold in online auctions; 82% increase in the number of luxury online sales, and a 205% increase in the value of online luxury sales YoY.
Performance has been strong across all categories with an 87% overall sell-through for the portfolio; 136 records were set and 53 lots achieved over $1million. The year included multiple white-glove sales with 100% sell-throughs including A Wonderful Domaine de la Romanée-Conti Collection (December 5, Hong Kong); and Handbags Online: The London Edition (June 25, London). ....

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48 lots sold over $1m and global jewelry sales achieved an overall sell-through of 84%

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Christie's New York Magnificent Jewels totals $44.58 million

Christie s New York Magnificent Jewels totals $44.58 million
A cabochon Kashmir sapphire ring of 21.72 carats by Van Cleef & Arpels from 1917 that achieved $1,722,000. © Christie s Images Ltd 2020.
NEW YORK, NY
.-Christies New York auction of Magnificent Jewels achieved a total of $44,583,875 with 95% sold by value, 91% sold by lot, and 118% hammer above low estimate after a marathon ten-hours of bidding. There was global participation with bidders from 39 countries. Additionally, the preceding Jewels Online sale from November 18 to December 1 totaled $2,575,500 with 100% sold by value and 90% sold by lot. Together, the December Jewels sales in New York achieved a combined total of $47,159,375.
The top lot of the Magnificent Jewels auction was an extraordinary Kashmir sapphire and diamond bracelet of 43.10 carats surrounded by 67.90 carats of D color internally flawless diamonds that was purchased for $6,030,000 by Harry Winston. Nayla Hayek, CEO of Harry Win ....

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