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Home > News, Articles & Multimedia > Worth Points > 3.95-Carat Blue Diamond Ring, Abraham Lincoln Letter Spices Up Summer Sale

3.95-Carat Blue Diamond Ring, Abraham Lincoln Letter Spices Up Summer Sale

by WorthPoint Staff (08/29/12).

This 18-karart white gold ring holding a round, brilliant-cut 3.95-carat blue diamond (VS2) is expected to generate a lot of interest in the upcoming two-day, 500-plus-lot auction at Elite Decorative Arts on Sept. 15-16.

BOYNTON BEACH, Fla. – What began as a low-key summer sale has swollen into a two-day, 500-plus-lot colossus at Elite Decorative Arts, led by a white gold ring holding a 3.95-carat natural blue diamond and a letter written by Abraham Lincoln. The weekend event is slated for Sept. 15-16 and will also offer fine antiques, decorative arts and estate jewelry.

“This will be a solid decorative arts sale with a lot to choose from,” said Scott Cieckiewicz of Elite Decorative Arts. “We thought we could contain it all in one day, but as more consignments poured in, it became evident a second day was necessary. And that’s great. Summer is typically a slow time for south Florida, but all this activity suggests strong demand and a healthy market.”

An original, handwritten letter by Abraham Lincoln will be paired with a hand-signed engraving and Lincoln note. It lot carries a presale estimate of $8,000 to $12,000.

For those unable to attend in person, online bidding will be facilitated by Artfact, LiveAuctioneers and Auctionzip. Phone and absentee bids will also be accepted. The auction will start at 1 p.m. (EST) both days. Previews will be held on Friday, Sept. 14, from 11-5, and Saturday, Sept. 15, the first day of sale, from 11 a.m. until the first gavel comes down.

One of the expected top lots of the auction is an exquisite 18-karat white gold ring holding a round, brilliant-cut 3.95-carat natural blue diamond having 129 solare cut facets (est. $60,000-$80,000). The blue diamond, boasting VS2 clarity, is flanked by Kite white diamonds and is surrounded by round cut diamonds. The stunning size-seven ring has a diamond weight of 5.7 dwt.

Civil War and presidential memorabilia enthusiasts will be intrigued by an Abraham Lincoln original handwritten letter that is paired with hand-signed engraving (est. $8,000-$12,000). The letter is dated Nov. 12, 1864 and is accompanied by a note, also written during the war. The engraving, showing a profile of Lincoln, is 5 inches by 7 inches and signed by engraver, Frederick Reynolds.

Artwork will include an artist proof bronze sculpture of a goat by Louise B. Nevelson (Am., 1899-1988). The sculpture, signed to the back of the rear feet and measuring 12 ¾ inches tall by 20 inches long, should bring $10,000-$15,000. And a pencil on paper of a nude female by Fernando Botero (Col., b. 1932), 22 inches by 15 ½ inches, is expected to hit $30,000-$40,000.

A pair of watches carries identical pre-sale estimates of $6,000-$8,000 each. One is a Bulgari 18-karat yellow gold and diamond Parentheses (or “Parentesi”) bangle watch with fancy-shaped links featuring a round dial set with single-cut diamonds. The other is a man’s 18-karat yellow gold Rolex President Oyster perpetual day/date watch with gold hands and leather case.

Two decorative accessories also have the same pre-sale estimates ($3,000-$5,000). The first is a footed, oval-shaped Tiffany & Company sterling silver entrée dish with a repousse pomegranate design. The second is a beautiful pair of 18th-century Sevres yellow porcelain lidded urns, 21 inches in height, each having a panoramic landscape scene with playing cherubs.

An original oil on canvas landscape scene by iconic American artist Grant Wood (1891-1942) can be had for an estimated $4,000-$6,000.

A Grant Wood oil on canvas painting and a Jacobus Stainer violin and bow with case each is expected to command $4,000-$6,000. The painting by Wood (Am., 1891-1942) depicts a landscape scene with figures in Anamosa, Iowa, circa 1910. It is 12 inches by 15 inches. The violin, bow and original fitted wooden case are circa 1660, with a total weight of about six poiunds.

Two watercolor renderings worth noting are a harbor scene, signed lower center by Ralston Crawford (Am., 1906-1978), measuring 13 inches by 19 inches and matted and framed (est. $5,000-$7,000); and a watercolor on card stock by Robert Havell, Jr. (Am./UK, 1793-1878), depicting a London landscape, inscribed en verso, circa early 19th century (est. $5,000-$7,000).

Returning to estate jewelry, a gorgeous two-piece 18-karat yellow gold necklace and bracelet suite, holding 75 round cut white diamonds and measuring 15 ½ inches in length, could climb to $7,000-$10,000; and a dazzling Marlene Stowe 18-karat yellow gold and platinum diamond heart bangle with a wide design and having a yellow gold and satin finish, should hit $6,000-$8,000.

For more information about this auction, call 800.991.3340, e-mail to info@eliteauction.com or visit the Elite Decorative Arts website.

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