LJ Hooker Commercial Adelaide’s Post

Sotheby’s is pioneering a new auction format with "Sotheby’s Sealed", marking a shift in their approach to art sales amidst ongoing policy changes. Originally used for #luxury items such as cars, jewellery and watches, this format is now being applied to #fineart as well. In contrast to traditional auctions, 'Sotheby’s Sealed' maintains strict confidentiality regarding bid amounts, disclosing only the bidder's ranking without specific bid details or publishing any sale results. This lack of #transparency, however, has sparked concerns within the #art market, suggesting it could lead to inflated prices and erode trust in valuation standards. To me, this format seems like a middle ground between public auctions and private sales, providing us some visibility into private market offerings while retaining elements of confidentiality in bidding. How this will impact the #artmarket? Check out Kyle Castellanos analysis (and concerns) in his latest article: https://lnkd.in/d9Zpwqtr (Image: Sotheby's)

At Geneva's fall auctions this year, Phillips defied the market downturn to achieve a historic milestone - surpassing Sotheby’s market share for the first time. The November 2024 Geneva’s luxury item auction series faced significant market challenges, with total combined revenue at the top three auction houses—Christie's, Sotheby's, and Phillips—falling to 185m CHF, a 29% decline compared to 260m CHF in 2023. In this challenging environment, Phillips stood out as a notable outlier, achieving both positive growth (+7%) and a gain in market share. This success was driven by several key factors: - Phillips' addition of a jewellery auction in 2022 began expanding the auction house’s market reach - The addition of a curated watches auction this November added almost 25m CHF in incremental revenue - Phillips prioritised live auctions, while Christie's and Sotheby’s shifted many of their lots online. This year marked a significant evolution in the Geneva auction market, transitioning from a duopoly to a triopoly, with Phillips establishing itself as a key player since re-entering the Geneva market in 2015. Source: Pi-eX MESO report: Geneva November Marquee Sales Results at Christie's, Sotheby's, & Phillips - 2007-2024 #luxury #jewels #watch #jewellery #handbag #auction #geneva #christies #sothebys #phillips

🎸 Those who know me are well aware that I’m not one for gossip… but I can’t help being curious about who was bidding for this masterpiece. Were any of you involved? 😏 While enjoying a fantastic meal at Honest Greens #Madrid, I came across this impressive piece of news—#SylvesterStallone’s Patek Philippe watch, a true ‘holy grail’ among collectors, was sold for $5.4 million, marking the highest price ever for a modern wristwatch at Sotheby's . This milestone is a clear testament that luxury is more than just a product. It embodies history, exclusivity, and the deep emotional connection between an item and its owner, right? In today’s luxury market, we often see how these emotional attributes transcend the material value of a piece, elevating it to new heights. Do you think exclusivity plays a bigger role in luxury pricing than ever before? Still under shock! 😳 Thanks Maisa Sevilla Pascual for sharing! Carlos Alonso #propellingbrands to #newHeightsofSuccess

Despite a tough year for public auctions, luxury concluded the year on a high note. - New York’s December luxury sales at Christie’s, Sotheby’s, and Phillips ended the year strongly, with combined revenues reaching $185M in 2024, a 15% increase from last year. - Jewels continued to shine contributing the largest share of revenue at 51%, but it was watches that stole the show with the fastest growth in both volume of lots auctioned (+53%) and value achieved (+15%). - A renewed focus on live auctions over online-only sales played a notable role. Live auctions accounted for 60% of total New York’s December Luxury sales this year, up from 50% in 2023, driving a strong 18% increase in revenue. In contrast, revenue from online-only sales remained flat. - All three auction houses saw their sales of luxury items in New York increase this December, albeit at different rates. Christie’s and Phillips achieved the strongest growth rates, at 20% and 27% respectively, while Sotheby’s saw a more modest 6% increase. Source: Pi-eX MESO Report - New York December Luxury Items sales at Top Three auction Houses: 2007 - 2024 #luxury #jewels #watches #handbag #auction #christies #sothebys #phillips #newyork #salesanalysis #holidayseason

In 2025, #Luxury #assets (#jewelry, #watches, #handbags) outperformed #art assets (#paintings, #prints, #sculpture). An #indicator of things to come in 2025?

🔮💍 Exciting prediction and analysis ahead! The recent auction of the Paraiba Tourmaline and Diamond Ring at Bonhams has made waves in the jewelry world, fetching a staggering $533,900 - nearly nine times its expected price. Here's my take on this remarkable event and what it could mean for the future of jewelry auctions: - This record-breaking sale exemplifies the enduring allure and investment potential of rare gemstones like Paraiba tourmaline. The significant premium paid for this exquisite piece underscores the growing demand for unique, high-quality jewelry in the market. - As collectors and investors alike seek out exceptional pieces with intrinsic value and rarity, we can anticipate a surge in interest for extraordinary gemstones and designer jewelry at upcoming auctions. - With the success of the Paraiba Tourmaline and Diamond Ring at Bonhams, we may witness a shift towards more unconventional, one-of-a-kind pieces capturing the attention of discerning buyers looking for distinctive and exclusive additions to their collections. - This milestone sale could pave the way for more innovative designs and collaborations between jewelry designers and gemstone experts, leading to a resurgence of creativity and craftsmanship in the luxury jewelry industry. In conclusion, the soaring success of the Paraiba Tourmaline and Diamond Ring auction heralds a new era of fascination with extraordinary gemstones and bespoke jewelry creations. Stay tuned for more exciting developments in the world of haute joaillerie!💎 #JewelryAuctions #RareGemstones #LuxuryJewelry #InvestmentOpportunities 🌟

Aventurine stone dials are seldom seen in the vintage watch world, let alone in Audemars Piguet. Today, we’re looking at a crisp example with a beautiful stardust-like finish from the 1970s. Manufacturers such as Audmears Piguet and Piaget were ahead of their time in terms of designs and bracelet construction. The process was not only detailed, but EXPENSIVE. If brands were to produce this exact model today, it would retail for much more than todays current market prices. There’s a ton of value in vintage integrated gold pieces and the market hasn’t fully matured to its full potential. Get them while you can! Dannysvintagewatches.com #watches #watch #vintage #vintagewatch #cartier #patek #fashion #art #business #gold #jewelry #diamonds #rolex #tiffany #investment #investing #innovation #piaget

💎 Jewelry Auctions Slow Down in S1 2024 – What’s Next for the Second Half? The first half of 2024 has seen the global jewelry auction market face substantial headwinds*: 📉 22% Fewer Lots Sold versus S1 2023 💸 49% Drop in Total Sales versus S1 2023 💰 34% Decline in the Average Adjudicated Price versus S1 2023 Not only fewer lots were sold, but they were sold at lower values… As we look ahead to the second semester of 2024, several key questions emerge: 🔍 Market Stabilization or Further Decline? Will the market find its footing, or are we in for continued challenges? Monitoring economic indicators and consumer confidence will be crucial. 🌍 Global Economic Shifts Beyond the well-known geopolitical tensions, the jewelry market faces additional challenges as the primary luxury market slows, particularly in China. How interconnected are the primary and secondary jewelry markets? Does one drive the other, or are they both reacting to broader economic forces? 📈 Opportunities Amid Challenges For investors and collectors, the second half of 2024 could offer prime opportunities to acquire exceptional pieces at more competitive prices. 🔔 More on the asset value of High Jewelry creations coming soon – stay tuned! The jewelry market is as resilient as it is luxurious. As we move into the latter half of the year, staying agile and informed will be key to navigating this evolving landscape. What are your predictions for the luxury jewelry market in 2024 second semester? Share your thoughts below! #JewelryMarket #AuctionTrends #LuxuryGoods #MarketForecast #2024Outlook #HighEndJewelry #JewelryDealer #HighJewelryInvestment #AssetDiversification #AuctionAnalysis *The data is based on the public sales of 8 auction houses: Christie’s, Sotheby’s, Bonhams, Phillips, Doyle, Artcurial, Tajan, Antiquorum

Beaverbrooks Opens First TUDOR Watch Boutique in Kent Family-owned national diamond, jewellery and watch retailer Beaverbrooks has partnered with luxury Swiss watch brand TUDOR to open the only TUDOR boutique in Kent’s Bluewater Shopping Centre. https://lnkd.in/ePf2VBHX

The top four lots Sotheby’s offered at its jewelry sale Tuesday failed to find buyers, including a blue-diamond ring the auction house expected to fetch up to HKD 50 million ($6.4 million). Read the full article: https://ow.ly/RmLt50UsvMG