Sotheby's November 14th auction of the Bourbon Parma family jewels has achieved a sale price of $53.1 million, which amounts to seven times the anticipated total of $7 million. Each one of the 100 lots was sold, which made the event a rare white-glove sale.
The auction saw such historic pieces like Marie Antoinette's three-strand pearl necklace being sold for eight times their initial estimate of $200,000–$300,000. The necklace went for $2.3 million. A monogrammed ring belonging to Antoinette was sold for forty times its estimate of $443,786.
In a statement, Sotheby’s jewelry chairman for Europe, Daniela Mascetti said, “Tonight, we saw the Marie Antoinette factor work its magic. No other queen is more famous for her love of jewels, and her personal treasures, pearls, and diamonds that survived intact the tumults of history captivated the interest of collectors around the world.” Buyers gathered from 43 different countries to participate.
Information sourced originally from JCK.