Jewellery hoard from bank makes over £300,000
PUBLISHED: 09:39 26 January 2011 | UPDATED: 20:33 20 February 2013
A remarkable cache of fine jewels that had lain forgotten in a bank until its re-emergence last autumn combined all the vital elements of a good news story in a 300 lot auction of jewellery at Lawrences of Crewkerne
A remarkable cache of fine jewels that had lain forgotten in a bank untilitsre-emergence last autumn combined all the vital elements of a good news story: the West Country vendors were unaware of thevalue of the hoard; the quality was exceptional and the estimates encouraged bidders that the lots were too good to miss. The collection constituted the last 29 lots of the 300 lot auctionof jewellery at Lawrences of Crewkerne on January 20thand theleast expensive item,an exquisite Victorian seed pearl brooch, exceeded its estimate of 80-100 to make 350 andset the tone for the collectionas a whole. An Art Deco emerald and diamond bracelet raced beyond is 1500-2000 guide to make 6210; a tourmaline and diamond brooch from the same era made 4300; and Victorian pieces fared well with a diamond, enamel and gold bracelet (5730) and an emerald and diamond brooch (5370) selling well.
The highlights, however, were saved for the end. A "Belle Epoque" emerald and diamond ring took 17,320against hopes of 3000-5000; a pair of Georgian ruby and diamond girandole drop earrings made 35,850and the complementary brooch neatly matched that price, too. A Victorian ruby and diamond necklace from top Mayfair jewellers S. J. Phillips, offered in its original case, went beyond its 15000-20000 estimate to make 54,970(image 1607) and an exemplary emerald and diamond necklace composed of fifteen rectangular emeralds surrounded by scores of circular-cut diamonds, offered with matching earrings, had also come from S. J. Phillips. The jewellers were determined to buy this lotback and bid determinedly by telephone in order to secureitfor 119,500against hopes of 20,000-30,000(image 1608). The collection realised 339,230with trade dominating the buyers after outpacing some adamant private bidders.
Elsewhere in the section, a pair of diamond, enamel and gold cufflinks by Cartier made 5970; a pair by Louis Wiese on a hunting theme was boughtfor 5370; an Art Deco ruby and diamond ring made 5250; and 2.7 carats of diamonds in a three stone ring ensured interest up to 5970.The whole jewellery section totalled 513,000, a record for the firm for a jewellery sale.