Maharajas & Mughal Magnificence achieves $109.3 million

The highest total for a single owner auction of Indian art and jewelled objects.

Maharajas & Mughal Magnificence has achieved the highest total ever for a single owner auction of Indian art and jewelled objects setting three records for Indian works of art. This truly incredible collection of jewels, gemstones, Indian art and decorative objects was brought to auction in partnership between The Fine Art Group and Christie’s.

$109,271,875 achieved

92% sold by value

93% sold by lot

The response to this extraordinary sale has been unprecedented. Over 50,000 people attended the global exhibition tour to Shanghai, Geneva, Hong Kong, and London, finally culminating in New York for a marathon 12.5 hour auction. The auction attracted international collectors and institutions from 45 countries across five continents. Watch an interactive video of the view here.

As part of our art advisory service, The Fine Art Group managed the sales strategy on behalf of the seller; from negotiating terms with the auction house and driving the marketing strategy to publicising the collection to our own private network of collectors.

Philip Hoffman, Founder and CEO, The Fine Art Group, remarks: “I am honoured that The Fine Art Group were able to play a part in this record-breaking sale of Indian and Mughal Jewellery, art and objects. The success of Maharajas and Mughal Magnificence is testament to the hard work of the Christie’s team, led by François Curiel, Rahul Kadakia and William Robinson.”

The auction consisted of almost 400 lots, spanning 500 years of India’s rich culture, from the glory of the Mughal dynasty and the famous Golconda mines, to India’s influence on Cartier and other contemporary jewellers.

‘The Arcot II’ diamond, 17.21 carats, D colour, internally flawless clarity. Sold for $3,375,000 on 19 June 2019 at Christie’s in New York

Highlights included a number of pieces by Cartier such as a Belle Époque Devant-de-corsage, by Cartier, Paris, 1912, which sold for $10,603,500 to an in-room bidder; a pair of emerald, natural pearl, ruby and diamond clips by Cartier achieved $1,695,000; and the ‘Taj Mahal Emerald’ brooch by Cartier which sold for $1,815,000.

Belle Époque diamond jigha, 1907 and remodelled circa 1935. Sold for $1,815,000 on 19 June 2019 at Christie’s in New York
Pair of emerald, natural pearl, ruby and diamond clips by Cartier, 1938. Sold for $1,695,000 on 19 June 2019 at Christie’s in New York
‘Taj Mahal Emerald’ carved emerald and diamond brooch by Cartier, 2012. Sold for $1,815,000 on 19 June 2019 at Christie’s in New York

In addition, the exceptional Golconda Diamond Rivière Necklace, from the collection of the Nizams of Hyderabad, sold for $2,415,000; the Shah Jahan Dagger achieved $3,375,000; and the Mirror of Paradise realised $6,517,500.

Golconda Diamond Rivière Necklace, from the collection of the Nizams of Hyderabad. Sold for $2,415,000 on 19 June 2019 at Christie’s in New York
The Shah Jahan Dagger (kard), North India. Sold for $3,375,000 on 19 June 2019 at Christie’s in New York
Mirror of Paradise, Rectangular-cut diamond of 52.58 carats. Sold for $6,517,500 on 19 June 2019 at Christie’s in New York

An enamelled and gem-set model of a parrot fetched $1,035,000, surpassing its high estimate; while a world record was set for a Mughal / Indian huqqa at $759,000.

An enamelled and gem-set model of a parrot, Hyderabad, Deccan, circa 1775-1825. Sold for $1,035,000 on 19 June 2019 at Christie’s in New York
An enamelled and gem set huqqa set, India, possibly Delhi, circa 1680-1720. Sold for $759,000 on 19 June 2019 at Christie’s in New York

These objects were offered from The Al Thani Collection. From next year, works of art from this encyclopaedic collection will be shown at a new museum space in Paris. 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 sponsorship of projects at museums around the world.

For the full auction results visit the Christie’s website.

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