Sotheby's New York is inaugurating what it calls an "Artistic Luxury" auction format, and it has chosen wisely for its marquee lot: a 1911 Fabergé necklace set with diamonds and pale aquamarines, estimated to sell between $400,000 and $600,000. The choice isn't accidental — it's a thesis statement.
A Fabergé Aquamarine Necklace Headlines Sotheby's New Artistic Luxury Format
Sotheby's is launching a new auction category with imperial Russian jewels at the fore — including a 1911 Fabergé diamond and aquamarine necklace estimated at up to $600,000. Here's why this sale signals something larger about how major houses are repositioning jewelry at the top of the market.
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