The Lion's Den
News & Views About Real Estate in the Greater Philadelphia Area
Two Record-Setting Sales This Week at Sotheby’s
It’s the biggest pink diamond the world has ever seen, 59.60 carats of internally flawless rock, and it now holds the record for the highest sale price for a diamond the world has ever seen. An anonymous buyer paid $83 million for it at auction at Sotheby’s in Geneva this week. Considered a “true masterpiece of nature,” the Pink Star is the rarest of the rare as it is graded “fancy vivid pink.” See the history here and learn more about why the Pink Star entered the record books this week. The Geneva auction also set a record as the highest grossing jewelry auction ever held.
Also this week at Sotheby’s auction house, this time in New York City, a much anticipated auction of contemporary art included a 1963 Andy Warhol painting that is considered one of the most significant works of Post-War art: Silver Car Crash (Double Disaster). This, too, set a record for a Warhol, selling for $104.5 million, trumping significantly the previous record of $71 million, which was paid for a painting from the same series. It is also the second highest amount paid for a contemporary work of art. More information about this painting and other auction results is available here.