Bonhams And Phillips Auction Houses Go Head To Head Like Sotheby’s And Christie’s

We have seen Bonhams and Phillips following Sotheby’s and Christie’s in the last few years, and they are in third and fourth place (not necessarily in the order mentioned ). Most recently ( September) Bonhams has been sold to the Private Equity Epiris, out of London, of which financial terms have not been disclosed. Both auction houses have been aggressive with their hiring of management positions from the other auction houses. They are working to further grow their businesses.

Both auction houses have been successful in breaking world records of their own for Fancy Color Diamonds.

Bonhams

On november 25, 2018, Bonhams will hold its Hong Kong auction. In this auction they are displaying some of their jewellery in a unique photographic way, using nature and flowers. It will be offering some very unique items.

A 1.24 carat, Fancy Intense Green Diamond with SI1 clarity will be offered. It is valued between $100k to $150k or $80.6k to $121k per carat. It was previously sold at their June 2016 auction in Hong Kong for $125k or $100k per carat. Let’s see what happens.

The 1.24 carat, Fancy Intense Green Diamond          Image credit: Bonhams

 

A rare 1.51 carat, Fancy Intense Pinkish Purple with a VS2 clarity is being offered. It is valued between $260k to $380k or $172k to $252k per carat. It was previously sold at their June 2015 Hong Kong auction for $301k. Let’s see what happens 3 years after it was first sold.

The 1.51 carat, Fancy Intense Pinkish Purple Diamond          Image credit: Bonhams

 

A 7.01 carat, Faint Pink with SI1 clarity is being offered. It is valued between $230k to $320k in total or $32.8k to $45.6k per carat. What will be the final price?

The 7.01 carat Faint Pink Diamond          Image credit: Bonhams

 

A 5.64 carat, Fancy Vivid Yellow with Internally Flawless clarity signed Cartier will be offered. The value set by the auction house is $380k to $510k or $67.4k to $90.4k per carat. The ring was acquired from Cartier in 2001 for $530k total. This puts the value of the Vivid Yellow at about $80-$85k per carat back then; a hefty price going back 17 years, but then again, Cartier has a brand name value as well. I wonder how much value will the ring gain these days because of the brand?

The 5.64 carat, Fancy Vivid yellow Diamond          Image credit: Bonhams

 

A 1.45 carat, Fancy Intense Blue diamond, marquise shape, and VVS1 clarity is offered. It is mentioned that the diamond is potentially Internally Flawless if further polishing occurs, and it might be a minority polish. It is valued between $260k to $380k or $179k to $262k per carat. This is a low valuation for such a diamond. It will easily surpass the estimates, and may sell for as much as twice the high value.

The 1.45 carat Fancy Intense Blue Diamond          Image credit: Bonhams

Phillips

On november 26, 2018, Phillips will host its own auction in Hong Kong.

A lovely 3.81 carat, Fancy purplish Pink is offered to bidders. The certificate is dated from 2012, and is half a certificate which means that most likely the clarity is an I clarity. It is valued at $667k to $795k or $175k to $209k per carat.

The 3.81 carat Fancy Purplish Pink Diamond          Image credit: Phillips

 

A beautiful 17.77 carat, Fancy Yellow Diamond and a VS1 clarity by GRAFF is being offered. It is valued between $320k to $380k or $18k to $21.4k per carat. Let’s see how strong the GRAFF brand is.

The 17.77 carat Fancy Yellow GRAFF Diamond          Image credit: Phillips

 

Phillips auction will continue auctioning items in New York on December 6th.

A rare 1.17 carat, Fancy intense Blue, round brilliant and VS2 clarity diamond will be offered. it is valued between $600k to $800k or $512k to $684k per carat. Last week we saw a 2.02 carat Fancy Intense blue diamond with Internally Flawless clarity sell for $1.63 million per carat. Let’s see what this one will sell for.

The 1.17 carat Fancy intense Blue Diamond          Image credit: Phillips

 

A 14.14 carat, Fancy Intense Yellow, pear shape and VS1 clarity is being offered for $350k to $550k or $24.75k to $38.9k per carat. How much will it sell for?

The 8.08 carat Fancy vivid Blue Bulgari Diamond          Image credit: Christie’s

 

We look forward to reporting the results after each of the auctions.

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