Sotheby's Paris has closed a jewels auction at $7.4 million, with a single Cartier ruby ring emerging as the undisputed protagonist of the evening. The piece sold for $560,000 — blowing past its high pre-sale estimate by a factor of more than eight — in a result that will be dissected by dealers and collectors alike for months.
Cartier Ruby Shatters Estimate Eightfold as Sotheby's Paris Pulls $7.4M
A Cartier ruby ring commanded $560,000 at Sotheby's Paris — more than eight times its high estimate — headlining a sale that totaled $7.4 million and reminded the market exactly how voracious demand for signed, gem-quality pieces remains. Here's what the results tell us.
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