Last week Joseph DuMouchelle Fine Jewelry held and auction and shocked bidders when an antique Tiffany & Co. lady’s pendant’s final bid was $348,000, originally estimated between $125,000 – $175,000.
The piece was a platinum and gold heart-shaped pendant (pictured above), from 1895, featured a central 15.06ct old mine cut diamond and attached to a seed pearl necklace. This incredible piece with its perfect craftsmanship has withstood the test of time leading to its now famous six-pronged “Tiffany setting”. The pendant was once featured in the John Loring, Tiffany’s 150 Years, Garden City: Doubleday & Co., Inc., 1987 and featured in the exhibition, Tiffany: 150 Years of Gems and Jewelry, The American Museum of Natural History, 1988.
Once bidding began, the number $150,000 ensued the swift, escalated bidding by the attendees and online and phone bidders. The final bid was $348,000 and contributed to the night’s total sale of $1,042,770.00. With all that money spent, you’d think the bidding was for the necklace the old lady dropped into the ocean at the and of Titanic!
