Fourth Quarter Dampens Strong Year for Sotheby's

Sotheby's New York headquarters.

Sotheby's said Wednesday that fourth quarter net income declined 25.7 percent, year-over-year, to $71.5 million, largely due to an 11 percent decline in auction and related revenue to $274.9 million. Auction sales fell 5 percent to $85.2 million during the period, ended Dec. 31, 2011, primarily due to a 5 percent decline in net auction sales over the period

Fourth Quarter Dampens Strong Year for Sotheby's

Sotheby's New York headquarters.

Sotheby's said Wednesday that fourth quarter net income declined 25.7 percent, year-over-year, to $71.5 million, largely due to an 11 percent decline in auction and related revenue to $274.9 million. Auction sales fell 5 percent to $85.2 million during the period, ended Dec. 31, 2011, primarily due to a 5 percent decline in net auction sales over the period

35-Carat Beau Sancy Diamond to be Sold at Sotheby’s

The Beau Sancy is expected to fetch $2 to $4 million.  Photo credit: AFP - Getty Images

A celebrated 35-carat diamond that has passed through European royalty for hundreds of years will be sold at auction during Sotheby’s Magnificent Jewels and Noble Jewels on May 15 in Geneva—on the second day of a two-day sale.The international auction house says the Beau Sancy is one of the most important

35-Carat Beau Sancy Diamond to be Sold at Sotheby’s

The Beau Sancy is expected to fetch $2 to $4 million.  Photo credit: AFP - Getty Images

A celebrated 35-carat diamond that has passed through European royalty for hundreds of years will be sold at auction during Sotheby’s Magnificent Jewels and Noble Jewels on May 15 in Geneva—on the second day of a two-day sale.The international auction house says the Beau Sancy is one of the most important

Sun-Drop Sells for a Record-Breaking $12.3 Million

The 110.03-carat Sun-Drop Diamond fetched $12.3 million Tuesday at Sotheby’s Sale of Magnificent Jewels in Geneva.The auction house said the price paid for what is considered to be the largest known pear-shaped fancy vivid yellow diamond in the world set a world auction record for yellow diamonds.

The previous record for a yellow diamond was achieved by “The Vivid Yellow,” a 32.77-carat

Sun-Drop Sells for a Record-Breaking $12.3 Million

The 110.03-carat Sun-Drop Diamond fetched $12.3 million Tuesday at Sotheby’s Sale of Magnificent Jewels in Geneva.The auction house said the price paid for what is considered to be the largest known pear-shaped fancy vivid yellow diamond in the world set a world auction record for yellow diamonds.

The previous record for a yellow diamond was achieved by “The Vivid Yellow,” a 32.77-carat

Patek Chrono Sells for $815,000 at Sotheby’s Geneva Auction

A Patek Philippe, ref. 2499, 18k yellow gold perpetual calendar chronograph watch sold for $815,637 Sunday during Sotheby’s Important Watches sale in Geneva. It was sold to a private U.S. collector.
All totaled, the auction held at the Hôtel Beau-Rivage took in $8.75 million, with 69 percent of the 280 lots offered sold by lot and 73 percent sold by value.
Other highlights of the auction after

Patek Chrono Sells for $815,000 at Sotheby’s Geneva Auction

A Patek Philippe, ref. 2499, 18k yellow gold perpetual calendar chronograph watch sold for $815,637 Sunday during Sotheby’s Important Watches sale in Geneva. It was sold to a private U.S. collector.
All totaled, the auction held at the Hôtel Beau-Rivage took in $8.75 million, with 69 percent of the 280 lots offered sold by lot and 73 percent sold by value.
Other highlights of the auction after

Spectacular Results for Sotheby’s ‘Magnificent Jewels’ Sale

This 30.52-ct. emerald-cut diamond sold for more than $3.38 million.

Sotheby's New York on Thursday achieved more than $39.3 million in its “Magnificent Jewels” sale, representing the highest-ever total for a spring auction of jewelry at the Sotheby’s headquarters, and marking it the highest total for any jewelry sale in New York thus far this season. The auction of diamonds, colored stones

Spectacular Results for Sotheby’s ‘Magnificent Jewels’ Sale

This 30.52-ct. emerald-cut diamond sold for more than $3.38 million.

Sotheby's New York on Thursday achieved more than $39.3 million in its “Magnificent Jewels” sale, representing the highest-ever total for a spring auction of jewelry at the Sotheby’s headquarters, and marking it the highest total for any jewelry sale in New York thus far this season. The auction of diamonds, colored stones

Patek Philippe Timepieces to Lead Offerings at Sotheby’s Hong Kong Watch Auction

Patek Philippe Platinum Minute Repeating Retrograde Perpetual Calendar Tourbillon Wristwatch Ref. 5016P

Several Patek Philippe timepieces with custom-made dials, extremely limited editions of creations by renowned independent watchmakers, and a selection of 50 enamel and complicated pocket watches spanning the late 18th to early 20th centuries are among the items that will be placed on auction

Patek Philippe Timepieces to Lead Offerings at Sotheby’s Hong Kong Watch Auction

Patek Philippe Platinum Minute Repeating Retrograde Perpetual Calendar Tourbillon Wristwatch Ref. 5016P

Several Patek Philippe timepieces with custom-made dials, extremely limited editions of creations by renowned independent watchmakers, and a selection of 50 enamel and complicated pocket watches spanning the late 18th to early 20th centuries are among the items that will be placed on auction