Stunning Kashmir and diamond ladies' vintage ring soars to $103,500 at Cottone Auctions, Sept. 23-24 A Kashmir sapphire and diamond ladies’ vintage ring in a platinum and gold setting slipped onto a new finger for $103,500 at a Fine Art & Antiques Auction held Sept. 23-24 by Cottone Auctions.
News-Antique.com - Oct 06,2016 - GENESEO, N.Y. – A Kashmir sapphire and diamond ladies’ vintage ring in a platinum and gold setting slipped onto a new finger for $103,500 at a Fine Art & Antiques Auction held Sept. 23-24 by Cottone Auctions, in the firm’s gallery at 120 Court Street in Geneseo. The ring doubled its pre-sale estimate and knocked down after a spirited bidding war between the floor and phones.
The ring was the top lot in a sale that saw about 750 lots come up for bid in a broad range of categories. Around 200 people per day attended the event live, while hundreds more participated online, via LiveAuctioneers.com and Invaluable.com In addition, close to 1,000 phone and left bids were recorded. By the time it was all over, the auction had grossed a robust $2.1 million.
“We’ve been riding a wave of successful auctions, and our only goal for this one was to match or exceed the successful March auction that grossed $1.7 million,” said Matt Cottone of Cottone Auctions. “This auction bested that figure by about $400,000, so I’d say we hit our goal. In today’s market, we tend to be selective about what we take on, and it’s been a winning strategy.”
The Kashmir ring boasted a natural blue sapphire of 3.1 carats, plus a 2.50-carat diamond and six smaller, 0.45-carat diamonds, all old European cut. The sapphire was square antique mixed cut in shape and was a deep, but not dark, violetish-blue color. Bidders were attracted to the sapphire’s outstanding brilliance, the diamonds’ VS clarity and the ring’s overall desirability and beauty.
Following are additional highlights from the auction. All prices quoted include a 15 percent buyer’s premium.
Tiffany lamps are always a big hit with collectors. The category was led by a rare Tiffany Studios (N.Y.) leaded glass Geranium lamp with a signed shade and three-arm bronze and art glass candlestick base that brought $52,325; and an early 20th century Apple Blossom lamp with 16-inch diameter shade, signed base and shade and nice original patina that fetched $36,000.
Asian lots featured a two-piece Japanese painting on silk, measuring 76 inches by 51 inches and deaccessioned from a New York State museum that changed hands for $33,500; and a fine pair of Chinese gold leaf and painted jade carved hardwood table screens from the late 19th or early 20th century, overall 16 inches tall and with a 10 ½ inch by 7 ¾ inch plaque, that made $29,325.
Two very different lots posted identical selling prices of $42,550. One was a pair of 19th century Majolica plaques, done in the manner of Benozzo Gozzoli (It., 1421-1497), both 18 inches by 13 inches and showing scenes from the Palazzo Medici-Riccardi, with saints, and with carved and gilt wood frames and a painted frieze. The other was a 17th or 18th century gilt bronze figure of a Tibetan Sakya Lama, signed on the underside and inscribed along the base, 7 ½ inches in height.