Catherine the Great necklace makes $1.5 million
Published November 19th, 2005
A diamond necklace believed to have been made for Russian empress Catherine the Great fetched over $1.5 million at auction, but sold at just below the high-end estimate.Some 200 collectors and dealers of rare jewels packed into Sotheby’s auction room Thursday night for the sale at the city’s plush Le Beau Rivage hotel.Sotheby’s executive director David Bennet said the auction house was “not really surprised” that the diamond necklace was sold for under its estimated worth. “We had put a full estimate on it,” he said, adding that it was the “most important historical necklace” Sotheby’s has sold in 30 years.
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