Cheffins holds East Anglia’s first dedicated jewellery, silver and watches sale
The sale was the first standalone auction for these jewellery, silver and watches within the firm and is set to take place twice a year moving forwards
Cambridge-based Fine Art Auctioneers, Cheffins, hosted the region’s first ever dedicated sale for jewellery, silver and watches on the 25 October 2018 with over 450 items sold.
Nearly 85% of the jewellery lots on offer were sold, with many at prices far exceeding presale estimates. The highlight was a sapphire and diamond ring from Tiffany & Co which made £4,000, doubling its pre-sale estimate of £1,500 – £2,000. The most expensive lot in the section was a three-stone diamond ring with the estimated weight of diamonds in excess of 3cts and which sold for £5,000.
Amongst the silver, nearly 95% of lots sold to either private collectors or trade buyers. The most expensive lot on the day was a 174-piece silver travelling ensemble by Garrard & Co which dated back to 1925 and which sold for £7,000.
Amongst the 38 watches on offer, a lady’s 18ct gold and steel Rolex Oyster watch achieved its top estimate, selling for £2,000; whilst a gentleman’s Rolex Oyster watch dating back to 1952 sold for £1,500. A 1945 gentleman’s Breitling Datora which needed full restoration far exceeded expectations selling for £1,400, smashing its guide price of £200 – £400.
Steve Collins, head of jewellery, silver and watches added: “Sale rates from this auction go to show the strength of the market for the best in class of jewellery, silver and watches. The auction saw a comprehensive selection of pieces at varying price points which helped to ensure that the room was packed on sale day and a number of items completely smash their pre-sale estimates.”
The sale grossed a total of over £175,000.
The sale was the first standalone auction for these jewellery, silver and watches within the firm’s already comprehensive calendar and is set to take place twice a year moving forwards. Items are already being consigned for the next jewellery, silver and watches sale will take place in April 2019.
