Sotheby’s is resuming its live jewellery auctions, which were earlier postponed due to the coronavirus outbreak. The revised sales schedule includes dates for its flagship spring jewellery sales.
The rescheduled live auctions follow a series of online sales, which achieved strong results over the past five weeks and were facilitated by Sotheby’s omnichannel strategy. The success of the virtual auctions are “testament to the resilience of the jewellery market and confirm jewellery as one of the most popular and sought-after collectibles online,” the company said.
David Bennett, worldwide chairman of Sotheby’s jewellery division, commented, “Unprecedented times are often a catalyst for change, crystallising pre-existing trends and accelerating innovations. In the past few weeks, we have seen the jewellery market further completing its digital revolution: Our online sales realised some of their best performances ever, with many new and young collectors from around the world joining. It is also very clear that people are now confident in buying and selling important jewels online.”
A series of online sales in late April to May also awaits buyers, according to the auction house.
The company is set to auction off Cartier’s legendary Tutti Frutti bracelet, with a pre-sale estimate of US$600,000 to US$800,000, through a single-lot online sale by end-April.
Here’s Sotheby’s revised jewellery auctions calendar for 2020:
Live auctions
June 9: Magnificent Jewels in New York (Initially scheduled for April)
June 9: Fine Jewels in New York
June 10: Paris Joaillerie (initially scheduled for April 1)
June 30: Magnificent Jewels and Noble Jewels in Geneva (initially scheduled for May 12)
July 10: Magnificent Jewels in Hong Kong (initially scheduled for April)
Online sales
April 20 – 29: New York Fine Jewels
April 24 -28: Cartier "Tutti Frutti" Bracelet Single-lot Online Auction
April 30 - May 7: Geneva Fine Jewels
May 6-12: Italian Glamour: Jewels by Bulgari and Marina B
May 12- 20: Hong Kong Fine Jewels
May 20-27: Paris Fine Jewels
May 28 - June 4: London Fine Jewels