Fri, Jan 2, 2015

Art & Auctions
Size matters: art records in 2014

The most valuable object by weight and size sold by Sotheby’s in 2014 was The British Guiana One‐Cent Black on Magenta which sold in June at Sotheby’s New York for $9.48 million, nearly 1 billion times its original face value and a new world auction record for any stamp. 

No stamp is rarer than the sole‐surviving example of the British Guiana.    

Meanwhile, a Patek Philippe Henry Graves Supercomplication, the most complicated watch ever made completely by human hand, sold in Geneva in November for $24 million, a new auction record for any  timepiece.    

Also, a world auction record for the most expensive wine lot was set in Hong Kong in October when a Romanée‐Conti Superlot of 114 bottles sold for $1.7 million.  

This equates to $14,121 per bottle, or $1,700 per glass for 912 glasses.    

Finally, a record price per carat for a ruby was set at $997,727. From the collection of Dimitri Mavrommatis, the Graff Ruby sold in Sotheby’s November Geneva Magnificent & Noble Jewels sale in November for $8.6 million, also establishing a world auction record for a ruby.

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