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Auction IndustryJoseph DuMouchelle Achieves $1.8 Million in Its August Fine Jewels Auction
Estate jewelry auction house Joseph DuMouchelle showed no sign of a summer slowdown at its August 11th "Le Petite" Diamonds and Fine Jewels auction. The sale, which contained only 19 lots, grossed $1,819,812.50 and achieved a 90 percent sale rate. Eleven of the items surpassed their pre-sale estimates, including Lot 8, an Art Deco platinum, yellow gold and emerald lady's ring with a 13.88-carat fancy vivid yellow diamond. Estimated at $400,000-600,000, the ring brought $1,062,500. Lot 7: Platinum and 10.79-carat emerald cut diamond lady's ring, fetched $118,750 at Joseph DuMouchelle August 11th auction. Photo courtesy Joseph DuMouchelle Lot 8: Art Deco platinum, 18k yellow gold and 13.88-carat fancy vivid yellow diamond and emerald lady's ring, fetched $1,062,500 at Joseph DuMouchelle's August 11th sale. Photo courtesy Joseph DuMouchelle "August is normally a time when everyone -- especially European buyers -- are on vacation, but it didn't seem to be the case for this sale," says president and auctioneer Joseph DuMouchelle, who, with co-founder Lindy Adducci, previewed the auction at New York's Lotte Palace Hotel August 9th and 10th. "Buyers don't want to miss out on exceptional gems and jewelry, and they were willing to come back from holiday travel to preview and bid on these diamonds, colored stones and signed jewelry items. The fancy vivid yellow diamond was an especially rare stone and not one that collectors and connoisseurs of colored diamonds wanted to miss out on having the chance to own." Lot 9: Platinum and 15.76-carat emerald-cut diamond lady's ring, fetched $275,000 at Joseph DuMouchelle's August 11th auction. Photo courtesy Joseph DuMouchelle Lot 10: Art Deco, platinum, sapphire and diamond lady's ring, with GIA report of sapphire as Kashmir origin and AGL report of "Undeterminable with a high degree of certainty." Fetched $175,000 at Joseph DuMouchelle's August 11th auction. Photo courtesy Joseph DuMouchelle
Auction IndustryDuMouchelles Art Galleries: Rare Olympics Collection Goes to Auction Block
Over the many years of Olympic competitions, "going for the gold" has always been about athleticism, national pride and striving for excellence. But no matter where the games have been celebrated, each event has had its own special significance in both sports annals, as well as in world history. From left: Rare 'National Olympic Committee' Badge, 1936 Berlin Olympics Relay Bearer's Torch, 1932 Los Angeles Olympics Program Now pieces of that history are set to go to auction at DuMouchelles Art Galleries on Friday, August 19th in Detroit when they will auction off a vintage collection of Olympic memorabilia. Included are items from the games of the last century, extending as far back as 1908. "Of particular interest to bidders is a 1936 relay bearer's torch," advised Jerry Anderson, an appraiser for DuMouchelles. "The 1936 games were historic as the first in modern times to conduct a torch relay from Olympia in Greece to the site of the games." Those games were also renowned for the tremendous success of four-time American track and field gold medalist Jesse Owens, as well as the first time that the games were televised. "A lot of those pieces disappeared in the turmoil of World War II," Anderson said. "There weren't that many of them left." Other highlights include programs and brochures from the 1932 Los Angeles games, a vintage postcard collection, hand-made books and autographed photos of American diver Marjorie Gestring -- who, in 1936, at age 13 years, 9 months became the youngest female gold medalist in the history of the summer games. Her record still stands today. Also noteworthy are the collections of over 1,900 pins -- including a unique set of pins designed by countries that unsuccessfully vied for the 2004 games. Limited amounts of these pins were made because there was no need to mass-produce them after their initial presentations. "You don't see these often," Anderson said. "They're very hard to get." Pins were given to dignitaries and committee members in the early years and later were traded amongst athletes as a gesture of goodwill. Rounding out the collection are…
