The announcement coincided with its full-year results, with growth driven by its jewelry brands.
Jackie O’s Tank Watch Sells for $379K
A present from her brother-in-law, Jacqueline Kennedy Onassis wore the engraved 18-karat gold Cartier timepiece for decades.
New York--The Jacqueline Kennedy Onassis Cartier Tank watch sold for $379,500 at Christie’s New York on Wednesday, more than triple the timepiece’s highest pre-sale estimate of $120,000.
Christie’s said bidding on the watch took three minutes and included more than a dozen individual bids.
The engraving on the back of the 18-karat gold Cartier Tank reads: “Stas to Jackie 23 Feb. 63 2:05 am to 9:35 pm,” a reference to the 50-mile walk Prince Stanislaw “Stas” Radziwill and Chuck Spalding did in Palm Beach, Florida, in February 1963.
Radziwill, who was married to Jackie’s younger sister, Lee, and Spalding, a friend of President John F. Kennedy, did the hike after Kennedy issued a challenge to the American public to walk this distance in an effort to draw attention to the need to stay physically fit.
Christie’s said the president’s inner circle of family and friends were among the first to attempt the 50-mile hike.
The watch was sold with a painting done by Onassis for her brother-in-law commemorating the hike.
The auction house said the watch and the painting, previously unknown to the public, are “two of the most important historic artifacts to surface in recent years from the golden era of the Kennedy presidency.”
The Tank watch belonging to the former first lady was sold Wednesday at Christie’s as part of the “Rare Watches and American Icons New York” sale.
The sale totaled $10 million and was 81 percent sold by value 74 percent sold by lot.
The online portion of the auction is ongoing and continues until June 27.
The Latest
Looking ahead, the retailer said it sees “enormous potential” in Roberto Coin’s ability to boost its branded jewelry business.
Jewelry trade show veterans share strategies for engaging buyers, managing your time effectively, and packing the right shoes.
Despite the rising prices, consumers continue to seek out the precious metal.
Despite the absence of “The Allnatt,” Sotheby’s Geneva jewelry auction totaled $34 million, with 90 percent of lots sold.
Lilian Raji gives advice to designers on how to make the most of great publicity opportunities.
The mining company wants to divest its 70 percent holding in the Mothae Diamond Mine in an effort to streamline its portfolio.
Tradeshow risks are real. Get tips to protect yourself before, during and after and gain safety and security awareness for your business.
Why do so many jewelers keep lines that are not selling? Peter Smith thinks the answer lies in these two behavioral principles.
The “Argyle Phoenix” sold for more than $4 million at the auction house’s second jewels sale.
The annual list recognizes young professionals making an impact in jewelry retail.
Owner David Mann is heading into retirement.
While overall sales were sluggish, the retailer said its non-bridal fine jewelry was a popular choice for Valentine’s Day.
The mining giant also wants to offload its platinum business as part of an overhaul designed to “unlock significant value.”
Christie's is selling one of the diamonds, moving forward with its Geneva jewelry auction despite the cyberattack that took down its website.
The ad aims to position platinum jewelry as ideal for everyday wear.
Retailers can customize and print the appraisal brochures from their store.
The move follows a price-drop test run in Q4 and comes with the addition of a “quality assurance card” from GIA for some loose diamonds.
The site has been down since Thursday evening, just ahead of its spring auctions.
The late former U.S. Secretary’s collection went for quadruple the sale’s pre-sale estimate.
Three fifth graders’ winning designs were turned into custom jewelry pieces in time for Mother’s Day.
Kimberly Adams Russell is taking over the role from her father, David Adams, marking the third generation to hold the title.
As a token of womanhood, this necklace depicts when Venus was born from the sea.
The deal gives the retailer control over the distribution of Roberto Coin jewelry in the U.S., Canada, Caribbean, and Central America.
Show your mother some love with a piece of fine jewelry.
The company’s Easton location will remain open.
Brian D. Fleming of Carla Corporation was elected to serve a one-year term in the role.