Will this David Morris Sapphire & Diamond Necklace sell for >$5 million at its Sotheby's auction? (pics included)
Jun 11

The Sotheby's auction house in New York is about to auction off a very valuable necklace from David Morris (a famed London jeweler). Link:

David Morris An Exceptional Sapphire and Diamond Necklace

Sotheby's gave it an estimated value of 3,000,000 - 5,000,000 USD. This market resolves YES if the final sale price listed on the Sotheby's website is >$5,000,000.

Resolution details:

  • Example from a past auction: this unmounted diamond lists "Lot Sold

    3,871,500 CHF" on the Sotheby's website. This is the equivalent number I will use.

  • Note that this final listed sale price typically includes the buyer's premium.

  • If the lot is withdrawn before the auction, or it fails to sell, this market resolves NO. It only resolves YES with a listed sale price from this auction of >$5 million.


Of swag design, composed of graduated oval-shaped diamonds, interspersed with pear- and marquise-shaped diamonds, the front set with cushion-cut sapphires weighing 11.37, 7.40, 7.35, 6.85, 6.73, 2.70 and 2.40 carats, length 15¾ inches, unsigned.

Accompanied by SSEF report no. 79120 dated March 12, 2015 stating that the sapphires are of Kashmir origin, with no indications of heating and that the color of the sapphires weighing 11.37, 7.40, and 2.40 may be called 'royal blue' based on SSEF reference standards, and appendix letter.

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