Rago's December 2011 Estates, Jewelry, Silver and Coin Auctions End the Year in Spectacular Style Rago's Estates, Jewelry Silver and Coin Auctions: $3.2 Million in Sales.
News-Antique.com - Dec 12,2011 - Philadelphia dueling pistols sell for $45,880. A 5.55 cts. diamond ring with Cartier jacket sells for $55,800. Russian enameled gilt silver punch set sells for $52,700
Lambertville, NJ Rago Arts and Auction Center ended the year in spectacular style with a three day sale that totaled $3,234,422 (reflects buyer’s premium of 24%).
• Great Estates Weekend: $3,234,422
• Percent sold: 93%
• Friday - Silver, Coins and Currency: $696,663
• Saturday - Great Estates: $649,425
• Sunday – Jewelry and Couture: $1,888,334
• Bidders in-house: 203
• Bidders on phone: 254
• Bidders online: 1558
• # of lots: 1408
“Rago’s jewelry sales now surpass all but a few U.S. houses. Our estates, silver and currency auctions are quickly following jewelry’s example, said Miriam Tucker, the partner in charge of the Fine Art and Estates department at Rago’s. “I think it’s due to a number of factors. We price well. We market extensively. And we sell fresh property from private homes and collections. This is particularly unusual for a jewelry auction. In Estates, the dueling pistols, as an example, came to us on our Monday walk-in appraisal day. So did many of the coins. Some property disappointed, of course. I overestimated the market for folk art personally. But you can’t argue with the sell-through rate, and we are hearing from many happy consignors. We’re delighted.”
Friday, December 2, 2011: Silver, Coins, Currency
• Hammer: $561,825
• Hammer + b.p. $696,663
• Percent sold: 97%
• Internet bidders: North America: 84%; Europe: 10%; Asia: 2%; Russia: 2%; Middle East: 1%; Australia: 1%
• Record prices set (7):
3, Tiffany & Co. silver water pitcher, 1857. Designed by John & Edward Moore, sold for $8,060.
7, Tiffany & Co. Mackay silver gilt and enamel coffee cups, sold for $18,600.
51, six Russian silver soup or fish spoons, sold for $7,440.
14, Luen-Wo Chinese export pierced silver bowl, Shanghai, China, ca. 1900, sold for $5,580.
31, Gorham silver bottle stopper by Erik Magnussen, 1925-1927, sold for $5,270.
74A, Frederick W. Walther Orientalist enameled silver cigarette case, Germany, ca. 1925, sold for $4,650.
4, Edo Japanese mixed metal flatware, Elkington, 1863, sold for $4,650.
• Top Lot: 43 – Russian Enameled Gild Silver Punch Set, Moscow, 1892, estimated at $25,000-35,000, sold for $52,700
1. 43 Russian Enameled Gilt Silver Punch Set $ 52,700
2. 7 Tiffany & Co. Mackay Silver Gilt and Enamel Coffee Cups $ 18,600
3. 13 Tiffany & Co. Exceptional After-Dinner Coffee Service $ 12,400
4. 3 Tiffany & Co. Silver Water Pitcher $ 8,060
5. 30 Georg Jensen "Acorn" Silver Flatware Service $ 7,440
6. 51 Six Russian Silver Soup or Fish Spoons $ 7,440
7. 14 Luen-Wo Chinese Export Pierced Silver Bowl $ 5,580
8. 31 Gorham Silver Bottle Stopper by Erik Magnussen $ 5,270
9. 4 Edo Japanese Mixed Metal Flatware $ 4,650
10. 74a Walther Orientalist Enameled Silver Cigarette Case $ 4,650*
11. 217 1879 $3.00 Gold Coin $ 8,060
12. 379 1936 American Proof Set $
