Record-high auction of royal Indian jewels totals $109mn


New York, Jun 20 (IANS): An auction of royal Indian jewellery at Christie's here has totalled almost $109 million, with a jade-hilted dagger of Mughal emperor Shah Jahan, a ceremonial sword of the Nizams of Hyderabad and a bejewelled medieval huqqa setting world records.

These objects, among a total of 400, went under the hammer at the "Maharajas and Mughal Magnificence" auction here on Wednesday.

It established "the highest total for any auction of Indian art and Mughal objects, and the second highest auction total for a private jewellery collection", Christie's said a statement.

The objects on sale were from the Al Thani Collection of the Qatari royal family.

The Shah Jahan dagger has sold for a whopping $3,375,000 (Rs 23.4 crore), setting the record for the highest value of a Shah Jahan jade object, while the Nizams' sword sold for $1,935,000 (Rs 13.4 crore), making it the highest-selling Indian sword. The gem-studded huqqa set sold for $759,000 (Rs 5.27 crore).

These record-high prices, however, are nowhere near the top performer of the 12-hour auction.

A Belle Epoque devant-de-corsage brooch from 1912 by Parisian jeweller Cartier sold for $10,603,500 (Rs 73.7 crore) to a private collector. However, in the description given by the auction house, it has little India connection.

In total, 29 objects went under the hammer over $1 million, Christie's said. Two Indian diamonds also performed impressively well.

The Mirror of Paradise diamond (52.58 carats), that originates from the Golconda mine, the earliest diamond mine known to humans, went under the hammer for $6,517,500 (nearly Rs 45 crore).

Major sales also include the 17-carat Golconda "Arcot II" diamond, once owned by the Nawab of Arcot, that sold for a stunning $3,375,00 (Rs 23.5 crore). The diamond was also owned by Queen Charlotte, a consort of British King George III.

The sale also included an antique diamond riviere necklace once owned by the Nizams of Hyderabad, which sold for $2,415,000 (nearly Rs 17 crore). The 33-diamond necklace surpassed its estimate.

Christie's had earlier said that this collection is poised to be the most valuable auction of jewellery and jewelled objects. The total auction value of $109.2 million, however, fell short of the current auction record held by 'The Collection of Elizabeth Taylor' auction, which totalled $144 million in December 2011.

Nonetheless, it featured among the "most storied private collections ever featured at auction", as per Christie's. The auction had bidders from 45 countries, including India.

"Beginning with the sale announcement in April, there has been an overwhelming response to this exceptional collection with momentum building from the international tour to the New York exhibition culminating with the excitement witnessed in the saleroom.

"We witnessed a record total for the world's greatest collection of Indian jewels and jeweled objects to ever be brought to auction," Rahul Kadakia, International Head of Jewellery at Christie's, said in a statement.

Royal families of Jaipur, Indore and Baroda were also represented in the sale.

A beautiful bracelet by Maharani Sita Devi of Baroda, studded with emerald beads, baguette, diamonds, and platinum was sold for $16 million (Rs 11.4 crore).

The auction had started with the 'Indore Sapphire Taveez Bead Pendant Necklace, Mounted By Cartier' that owes its provenance to Indore's Maharaja Yeshwant Rao Holkar II, who was educated in England, and was known for gifting expensive jewels to his wife.

The royal necklace achieved $206,250 (Rs 1.44 crore), surpassing a high estimate of $60,000 (Rs 42 lakh), Christie's said.

An antique diamond ring of Rajmata Gayatri Devi of Jaipur sold for Rs 4.45 crore.

Also sold were a Baroda Pearl Canopy (a cloth embroidered with 9.5 lakh jewels), a gem-set mace from the 17th century, a 'magic box' of Mysore's ruler Tipu Sultan, a gold finial from his throne, and the Patiala Ruby Choker of rubies, pearls and diamonds ordered by Maharaja Bhupinder Singh of Punjab in 1931.

The bejewelled objects made for only a small selection from the Al Thani Collection.

More from this encyclopedic collection, which includes over 6,000 objects, will be shown at a new museum space in Paris from next year.

"In addition to new acquisitions, sale proceeds will support ongoing initiatives of The Al Thani Collection Foundation which extend from exhibitions, publications and lectures to sponsorships of projects at museums around the world," Christie's said.

  

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Comment on this article

  • Jossey Saldanha, Mumbai

    Thu, Jun 20 2019

    India's Gold is already pledged with the Queen...

    DisAgree [1] Agree [1] Reply Report Abuse

  • Shankar, Mangaluru

    Thu, Jun 20 2019

    I miss Vijay Malya.
    If he was in India, if he was not framed, he would have bought these items anonymously and handed over to Indian government!!

    DisAgree [1] Agree [3] Reply Report Abuse

  • Vincent Rodrigues, Katapadi/Bangaluru

    Thu, Jun 20 2019

    We require funds to cope up with economy which is required to gear up.

    DisAgree Agree [2] Reply Report Abuse

  • gm, mlur

    Thu, Jun 20 2019

    Whose account will go this money? why we need to auction these items? Last 70 years it was preserved and what is the need to auction now? can you explain me something about it for my knoweldge.

    DisAgree Agree [5] Reply Report Abuse

  • Avinash Shetty, Mangalore

    Thu, Jun 20 2019

    The money will go to the Qatari royal family. They are auctioning it, they must have bought it form the British during a previous auction.

    DisAgree Agree [1] Reply Report Abuse

  • Jhule Lal, Derebail

    Thu, Jun 20 2019

    We urge modiji to bring back kohinoor diamond which shining in someone's crown.

    DisAgree [1] Agree [5] Reply Report Abuse

  • gm, Mlur

    Thu, Jun 20 2019

    Let him bring first black money, mallya, modi's & choksi's then think about kohinoor.

    DisAgree [2] Agree [7] Reply Report Abuse

  • mohan, Mangalore

    Thu, Jun 20 2019

    Earlier mogals looted the India. Now Modi and BJP looting the treasure... .

    DisAgree [3] Agree [7] Reply Report Abuse

  • Jhule Lal, Derebail

    Thu, Jun 20 2019

    Invaders time to time looted our nation as india considered a prosperous country from the beginning. Nobody came to india with booty but taken with them wealth of our country abroad. Still we consider our country as Akshaya Patare...never ending wealth of our country. In our various temples are having huge wealth unaccountable. Where are those invaders and there family who looted our country. Everybody vanish from time to time...taken command now by a honest person.

    DisAgree [4] Agree [4] Reply Report Abuse

  • Chatty Shetty, mangalore

    Thu, Jun 20 2019

    Dear Jhule,
    Why the invaders came to India? Have you ever thought? It is because of the infighting among the Indian kings and various monarchs from time to time in Indian history. You know the story of Alexander the great also. When Porus opposed him , Ambi showed his ar..e to him.
    So blame the sanatana culture. The same thing is existing even today. Maharashtra cannot stomach Karnataka, Karnataka is in loggerheads with Tamilnadu, Tamilnadu with Kerala and so on.
    The country is never united. So we have to blame our anadi kala people who never showed unity.

    DisAgree [2] Agree [7] Reply Report Abuse

  • Jhule Lal, Derebail

    Thu, Jun 20 2019

    Can you inform me..why did iraq invaded kuwait. Answer lies in it. Why one wants to loot another country and become rich. Do you know how much wealth transported by britishers around 5 trillion dollars. If you have capacity earn and make name of your country. By occupying small country and looting there wealth is not good.

    DisAgree [3] Agree [2] Reply Report Abuse

  • David Pais, Mangalore

    Thu, Jun 20 2019

    auctioned 2 sustain collapsed economy.

    DisAgree [1] Agree [4] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Thu, Jun 20 2019

    Vijay Mallya & Nirav Modi should not have been allowed to Bid ...

    DisAgree [2] Agree [4] Reply Report Abuse


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