October 31, 2007

Christie's Auction Brings Money to Lucille Ball Center

The stakes were high as bidders from around the globe took part in one of the most anticipated auctions of the season at Christie's this past weekend, where buyers had the chance to bid on some rare and important jewels, as well as some items that belonged to Lucille Ball.

Twelve items from the estate of Lucille Ball were auctioned off, including five pendant necklaces, two watches, two rings, a retro diamond and gold evening bag and matching cigarette case, selling for a combined total of $331,000. Part of the proceeds went to the Lucille Ball-Desi Arnaz Center, in Jamestown, NY.

The most anticipated sale of the day was an extremely rare blue diamond ring, a 5.07-carat rectangular cut "fancy" stone within a pave-set pink diamond, which sold for the highest price of the day to an anonymous buyer over the phone. The blue diamond was simply described as having been the "property of a gentleman". It was the last sale of the day.

The total in sales for the day was $38,878,650, the highest selling item going for $2,885,800 and the lowest selling item, a colored diamond ring, going for $1,375.

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