Skinner Auctions Sapphire Ring for $206,000

Boston, MA - Skinner, Inc., a leading full-service auctioneer and appraiser of antiques and fine art, sold a sapphire and diamond ring signed "Yard" for $206,000 at an auction June 12, 2001. It was an extraordinary piece, centered by a cushion-cut Kashmir sapphire weighing approximately 15 cts. flanked by diamonds, and drew significant attention prior to the auction. Once on the block, observers saw intense and persistent competition commence, with a host of absentee and telephone bidders vying for ownership. The ring ultimately sold to a telephone bidder. Said department director, Gloria Lieberman, "The ring was unusual for two reasons: the size of the stone, which was unusually large for a Kashmir sapphire, and the maker, Raymond Yard, a retailer who sold unusually high quality objects to prominent New York families. And it had classic Kashmir color."

Skinner’s next auction of Fine Jewelry will be held in Boston on September 25, 2001. For more information, call 617-350-5400, fax 617-350-5429, or visit www.skinnerinc.com.

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