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Sotheby’s Achieves First White-Glove Jewelry Sale in Asia

April 7, 2024  |  Leah Meirovich
Sotheby's Phillips main image 1280 USED 040724

A sale of jewelry belonging to the Phillips family of Japan saw all items on offer finding buyers, with 60% fetching above their high estimates.

The top lot of the April 4 sale, which brought in a total of HKD 29.6 million ($3.6 million), was a Van Cleef & Arpels floral-design diamond necklace. The piece brought in HKD 1.9 million ($243,421) after receiving more than 20 bids, Sotheby’s said last week.

“We are proud to celebrate our first white glove live jewelry sale in Sotheby’s Asia,” said Wenhao Yu, chairman of jewelry and watches for Sotheby’s Asia. “This sale marks one of the highest numbers of registered buyers in recent years, which reflects the global appeal for rare and exquisite jewels. In particular, the iconic demi-parures of the 1980s to 1990s designs featuring bold motifs and an array of vibrant colors were well-received by collectors.”

Here are some of the other top items at the sale:

This Van Cleef & Arpels demi-parure consisting of turquoise, coral and diamonds in a floral motif brought in HKD 1 million ($129,824), more than 10 times its high estimate.
A group of diamond jewelry by Van Cleef & Arpels comprising a bracelet, ear clips and a brooch soared past its high estimate to garner HKD 889,000 ($113,596).
Another set from Van Cleef & Arpels, containing a necklace, ear clips, a ring and bangle decorated with Egyptian revival falcon motifs, set with carved lapis lazuli, coral, chalcedony and diamonds, more than tripled its high estimate, going for HKD 762,000 ($97,368).
This necklace and earrings demi-parure from Van Cleef & Arpels, set with foliate motifs and decorated with brilliant-cut and yellow-tint diamonds, achieved HKD 762,000 ($97,368), nearly double its high estimate.

Main image: The Van Cleef & Arpels diamond necklace. (Sotheby’s)

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Sotheby's Phillips main image 1280 USED 040724 Sotheby’s Achieves First White-Glove Jewelry Sale in Asia

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