Vasari Art Codex

paint drippings art industry news nov 14 2713592

This week's art industry roundup covers major developments across auctions, galleries, and art fairs. Highlights include $1.6 billion in art heading to auction at Christie's, Sotheby's, and Phillips in New York; the sale of the 'Mellon Blue' diamond for $25 million at Christie's Geneva; and the Vanderbilt jewels achieving $4.2 million at Phillips Geneva. In galleries, Sperone Westwater faces possible closure or transformation after 50 years, while Upsilon Gallery opens a new space in Milan. The IFPDA Print Fair expands to include drawings and rebrands, and Abu Dhabi Art will relaunch as Frieze Abu Dhabi next year. The Gallery Climate Coalition reports significant emissions reductions among its members.

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vanderbilt sapphire phillips geneva jewels 1234761304

Phillips’s “Geneva Jewels Auction” on Monday achieved CHF 13.7 million ($17 million) in total sales, with 96 of 113 lots sold (85% sell-through rate). Twelve lots from the Vanderbilt family sold out, contributing CHF 3.42 million ($4.25 million)—four times their low estimate. The top lot was “The Vanderbilt Sapphire,” a 42-karat sugarloaf Kashmir sapphire and diamond brooch by Tiffany & Co., which sold for CHF 2.88 million ($3.57 million), exceeding its $1–1.5 million estimate. Other highlights included a Cartier Magnificent diamond brooch ($560,582), a Bulgari “Serpenti” belt ($368,383), and multiple Cartier “Panthère” jewels. The auction drew over 1,600 visitors and bids from 44 countries.

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