Duchess's bracelet fetches record price
Source: Agencies |
December 2, 2010, Thursday
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Print Edition
Print Edition
A DIAMOND and onyx panther bracelet owned by Wallis Simpson, whose love affair with Britain's King Edward VIII led to his abdication in 1936, sold for 4.5 million pounds (US$7 million) in London on Tuesday, an auction record both for a bracelet and a Cartier item.
It was the highlight of Sotheby's sale of 20 pieces owned by the late Duke and Duchess of Windsor, which raised a total of 8 million pounds.
The next biggest lot of the auction was a ruby, sapphire, emerald and diamond flamingo clip, also by Cartier, which fetched 1.7 million pounds, above the high estimate.
David Bennett, chairman of Sotheby's jewelry in Europe and the Middle East, said the sale's success was partly due to the strength of the broader gem market.
The king, who renounced his claim to the British throne in 1936 to marry the divorcee, showered her with gifts of jewelry throughout their courtship and marriage.
It was the highlight of Sotheby's sale of 20 pieces owned by the late Duke and Duchess of Windsor, which raised a total of 8 million pounds.
The next biggest lot of the auction was a ruby, sapphire, emerald and diamond flamingo clip, also by Cartier, which fetched 1.7 million pounds, above the high estimate.
David Bennett, chairman of Sotheby's jewelry in Europe and the Middle East, said the sale's success was partly due to the strength of the broader gem market.
The king, who renounced his claim to the British throne in 1936 to marry the divorcee, showered her with gifts of jewelry throughout their courtship and marriage.
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