Skinner Reports Strong Bidding at Fine Jewelry Auction Despite Recession

Posted on March 25, 2009

Renaissance Revival Ring

Skinner Inc. announced that its Fine Jewelry sale last week grossed $1,768,021.00. A number of the top selling lots came to Skinner from the family of William and Henry Walters, who established Baltimore's Waters Art Museum. The star of the show was a stunning Renaissance Revival long chain (lot 530) which sold for $402,000. An archaeological Revival gold and glass bead fringe necklace, c. 1880 sold for $67,545.50. The Renaissance Revival 18kt. gold gem set armlet (pictured above), c.1880, featuring sapphire and diamond florets, bezel set sapphire, emerald, and ruby accents, and rose cut diamond highlights sold for $40,290.00

"Despite the current state of the economy, the high end of fine jewelry market is as strong as ever as buyers are confident that their investment is sound," said Gloria Lieberman, director of fine jewelry, Skinner, Inc. "Buyers and consignors alike continue to come to Skinner for unique jewelry and recognize the lasting value intrinsic in these rare pieces purchased at auction."