CHRISTIE'S LAUNCHES `NO-RESERVE' AUCTIONS Christie's has begun special jewelry auctions that carry no reserve prices (the minimum at which something will be sold). The first "Without Reserve" auction, held Nov. 15 in Geneva, Switzerland, was "very, very successful," says François Curiel, Christie's jewelry director. Major auction houses traditionally set reserve prices in consultation with the owners of pieces up for sale. Usually, reserve prices are very close to the lower price estimate listed in auction catalogs. But estates with major jewelry pieces often have smaller pieces that wouldn't go into a Christie's auction. The 195 lots in the Geneva sale, for example, generally were too small for the main "Magnificent Jewels" sale held two days later or not appropriate for the smaller period jewelry sales held between the big auctions. "Now we can offer the opportunity to sell them

This content is exclusive to JCK Pro subscribers. Subscribe now to access this and much more with discount code GOPRO21 for $199 for an entire year of access (reg. $249).


Already a JCK Pro? Log in

A JCK Pro subscription is your all-access pass to people and resources on the
cutting edge of the retail jewelry industry, from the industry authority you
know and trust

Learn about the Perks of JCK Pro

Log Out

Are you sure you want to log out?

CancelLog out