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Wednesday, September 26, 2012

Sotheby's NY / Two-Day Brooke Astor Auction Totals $18.8 Million

Sotheby’s New York auction of Property from the Estate of Brooke Astor concluded this evening with an impressive total of $18,828,109 million. The sale had already exceeded its low estimate after the first of four sessions on Monday, and by early Tuesday morning it had already surpassed its high estimate of $9.7 million. A remarkable 95% of the 901-lot auction was sold, as buyer’s competed for paintings, drawings, Chinese works of art, furniture and decorative art from Mrs. Astor’s New York City and Westchester residences, as well as jewelry from her personal collection.



The auction’s proceeds will benefit a number of charitable organizations selected by Mrs. Astor during her lifetime, including The New York Public Library, The Metropolitan Museum of Art, The Pierpont Morgan Library, and The Animal Medical Center of New York.



778 Park Avenue – New York, New York



Monday’s sessions featured property from Mrs. Astor’s iconic duplex apartment in the Rosario Candela-designed building at Park Avenue and 73rd street. The day offered a wide array of fine and decorative art – evidence of Mrs. Astor’s many travels and diverse interests – with 19th century paintings, old master drawings, and Chinese works of art commanding top prices along with porcelain, silver, French and English furniture and more. A chic giltwood box from the apartment’s sitting room demonstrated bidders’ keen interest in owning a piece of Mrs. Astor’s celebrated taste, soaring above its $400 estimate to sell for $21,250.



HIGHLIGHTS



Lot 45 – From the library

John Frederick Lewis

A Memlook Bey, Egypt

Estimate $300/500,000

Sold for $1,594,500



Lot 143 – From the drawing room

Giovanni Antoni Canal, Called Canaletto

Capriccio with the Loggetta of Sansovino

as portico of an imaginary gothic tower

Estimate $300/500,000

Sold for $1,202,500



Lot 367 – From the master bedroom

Two Unusual Chinese Famille-Rose Gilt Decorated Boxes and Covers

Qianlong Mark and Period

Estimate $10/15,000

Sold for $494,500



Lot 159 – From the dining room

A Rare and Unusual Pair of Chinese Export Famille-Rose Baluster Cases and Covers

Qing Dynasty, circa 1740

Estimate $80/120,000

Sold for $200,500



Holly Hill – Briarcliff Manor, New York



Tuesday’s sessions began with property from Mrs. Astor’s beloved stone manor Holly Hill, set on more than 60 acres in Westchester County. As was the case on Monday, buyer’s competed fiercely for Chinese works of art and distinguished fine art, along with fine ceramics, furniture and more. Many of Mrs. Astor’s famous collection of dog paintings were offered in this session – together the 73 lots brought a grand total of $816,130, more than double their overall high estimate of $327,800.



HIGHLIGHTS



Lot 626 – From the ‘Philosopher’s Room’

A Chinese Famille-Vert Octagonal Jardiniere

Kangxi Mark and Period (1662-1722)

Estimate $20/30,000

Sold for $410,500



Lot 492 – From the sitting room

Maurice Brazil Prendergast

Low Tide [Figures and Rocks]

Estimate $150/250,000

Sold for $290,500



Lot 495 – From the sitting room

An Important Imperial Chinese Gilt-Bronze Lion Clock Stand

Qianlong Period (1736-1795)

Estimate $180/220,000

Sold for $266,500



Jewelry from the Personal Collection of Brooke Astor



The sale concluded Tuesday evening with a selection of jewelry from Mrs. Astor’s personal collection, which featured many of the most coveted items in the auction. All of the 64 lots were sold, totaling an impressive $5.7 million – multiples above their $2 million high estimate – and with spirited bidding for beautiful signed jewels by Van Cleef & Arpels, Verdura, David Webb and more, as well as her signature, stunning emerald and diamond pieces. Mrs. Astor’s stunning emerald engagement ring was the top lot of the group, selling for a remarkable $1,202,500.



HIGHLIGHTS



Lot 898

A Platinum, Emerald and Diamond Ring

The modified emerald-cut emerald weighing 22.84 carats

Estimate $100/150,000

Sold for $1,202,500



Lot 900

A Platinum, 18 Karat Gold, Emerald and Diamond Necklace, Bulgari, 1959

Centering a flexible composition of 13 emerald drops weighing approximately 71.00 carats, further enhanced with 14 cabochon emeralds weighing approximately 41.00 carats accented by 14 marquis-shaped diamonds weighing approximately 8.50 carats, set throughout with numerous round diamonds weighing approximately 50.00 carats

Estimate $250/350,000

Sold for $686,500



Lot 897

A Platinum and Diamond Ring, Van Cleef & Arpels, New York, 1963

Set with two round diamonds weighing 5.22 carats and 5.71 carats

Estimate $200/250,000

Sold for $614,500




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