Nearly €9.1 million was raised during Artcurial’s recent luxury auction at the Hôtel Hermitage, the largest winter auction to date.
The annual Monaco Auction Week was this year held from 15th to 17th January in the Salle Belle Epoque of the Hôtel Hermitage.
The winter sales session highlighted the Collectible Watchmaking, Jewelry and Hermès and Luxury Bags departments. Under the hammers of Stéphane Aubert and Geoffroy Ader, the five successive auction sessions totaled €9,092,732 including fees.
“We are delighted with these results for this first 2024 edition of the Monaco Auction Week, a now unmissable event in the Principality,” said Olga de Marzio, Director of Artcurial Monaco. “These sales portend a fantastic year for Artcurial and its luxury departments.”
Watches
The male and female collectors’ watches garnered a total of €3,324,774, with nearly 98% of all lots sold. The most expensive was a 1958 ‘The Eastern Arabic’ Rolex brought by a European client for €328,000.
“Today, historical pieces and grand intricacies are undoubtedly the pieces most sought after by connoisseurs,” said Marie Sanna Legrand, Director of Artcurial Collectible Watchmaking.
Jewellery
In the jewellery auctions, the total achieved was €5,275,158. The highest paid was for a Jacques Timey ring attributed to Harry Winston, which sold for a staggering €432,960 to a European Client.
“Magnificent and astonishing sales for the Jewelry Department which enhances the diamond in all its forms: white, yellow and pink diamonds; brilliant cut, emerald cut or even heart cut. I am very honored for the Maison Artcurial by this great success for my first Monaco sales session as Jewelry Director,” said Valérie Goyer.
Hermès and luxury bags
In the Hermès and luxury bags department, there was €492,800 in total sales; the highest bid was for a 2010 limited edition Hermès Birkin So Black 35 alligator bag in mat black, which sold for €50,000.
“This new sales session of luxury leather goods was able to satisfy collectors and bag lovers. Our sale featured a selection of limited edition bags and exotic skins. The latter was able to meet the expectations of our buyers,” said Victoire Debreil, Luxury Fashion and Accessories Cataloguer Artcurial.
The next auction is in July 2024, which will pay tribute to the creativity of the house of Piaget with a unique sale, entitled Piaget 150 ans.
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