Christie's Ferrari and Geneva Jewel Results Lead a Busy Auction Week
A Ferrari race car has sold at auction for more than CHF 21 million (Swiss francs) in Geneva, Switzerland. Christie's, the London-founded auction house, said Gooding Christie's sold the car, a Ferrari 499P Modificata, at its inaugural Geneva sale. The Ferrari 499P Modificata is a race-bred sports car, and Christie's described it as the first example of the model to go under the hammer, meaning sold at auction.
The same week, Christie's reported a result for a jewel called the Bulgari Pink. It achieved more than CHF 12 million, about US$14 million, at Geneva Magnificent Jewels, the house's jewellery auction in the Swiss city. Those figures are the prices reported by Christie's.
In New York, Christie's announced a sale titled TRAILBLAZER: Ted Turner's America. Turner is the American media founder who started CNN, the news channel. The sale is designed to benefit The Turner Foundation, Inc., the charitable group he set up, and Christie's dated the announcement 11 November.
A day later, Christie's issued a New York release for another sale. It is titled Christie's Presents Scarcity & Infinity and offers a private collection of Louis Vuitton artist collaboration bags. Louis Vuitton is the French luxury fashion house, and these handbags were made in partnership with artists.
Each of these events starts long before the bidding. Teams crate, insure and display the objects, and they are the people who make a sale like this possible.
