Christie's Geneva Magnificent Jewels Sale Totals $66.5 Million
The Magnificent Jewels auction held by Christie's in Geneva garnered CHF 51,859,550 ($66,501,674), achieving a remarkable 99% sell-through rate by lot and 186% relative to the low estimate. Topping the auction was The Ocean Dream, a fancy vivid blue-green diamond, which fetched CHF 13,567,500 ($17,366,400) after a fierce 20 minutes of bidding, marking it as the most expensive fancy vivid blue-green diamond ever auctioned and the highest-priced item during Luxury Week in Geneva. Out of 87 lots, 84% exceeded their high estimates. Bidders hailed from 40 nations, including 8 newcomers, with 41% from Europe, 27% from the Americas, and 28% from Asia Pacific. Thirteen lots surpassed $1 million, with two exceeding $5 million and one over $10 million.
Key facts
- Total achieved: CHF 51,859,550 ($66,501,674)
- Sell-through rate: 99% by lot, 186% by low estimate
- Ocean Dream diamond sold for CHF 13,567,500 ($17,366,400)
- Ocean Dream is the most expensive fancy vivid blue-green diamond ever sold at auction
- 84% of lots sold above their high estimate
- Bidders from 40 countries, including 8 new countries
- 41% of bidders from Europe, 27% from Americas, 28% from Asia Pacific
- 13 lots sold for over $1 million, 2 for over $5 million, 1 for over $10 million
Entities
Institutions
- Christie's
Locations
- Geneva
- Switzerland