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BUNDA
Auctioneers Celebrate Strong Inaugural Jewelry Auction |
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As
reprinted from Antiques
and The Arts Weekly - March 15, 2002 |
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Bunda Auctioneers held a successful jewelry
auction at NYC’s Barbizon Hotel last December.
Bunda sees a niche in the
marketplace and decides to fill it - a place for nice quality jewelry, which
for the most part sells for under $2,000.
Mark Bunda, the director of the firm,
says that a piece of jewelry sold for under $1,200 at one of the major auction
houses is not profitable for them, but it can be for him. |
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And there are plenty of
customers who love jewelry but can't afford the pieces that go for many
times those amounts. It appears Mr. Bunda knows
his market because 75% of the lots offered were sold.
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A Lapis Lazuli & Diamond US Star
Brooch by Cartier, Circa 1960, Sold for $3,795
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The 171 lot sale was conducted by
auctioneer Kathleen Guzman, former
President of both Christie’s East and Phillips, New York, who appears
frequently on The Antiques Road Show. |
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The auction featured property mostly from private
sources and offered fine examples of antique and modern jewelry by famous
designers including Buccellati, Angela Cummings, Cartier, Karl-Heinz Junger,
Tiffany, and David Webb.
The jewelry offered in Bunda's
sale ranged from a George Jensen brooch which realized $92 (all prices
include the 15% buyer’s premium) to a round brilliant-cut 2.01 carat
diamond of I color, VS1 clarity which sold for $9,775.
There
was also a quantity of collectible purses which did not fare that well, |
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but a group of Hermes scarves from a single
owner estate were all sold at prices about 30% of retail. An unusual 18k yellow
gold, platinum, diamond and cream enamel bangle bracelet by Cummings, sold for
$2,415. A lapis and diamond star brooch by Cartier realized $3,795. A lapis,
18k gold and |
A delightful antique diamond, ruby, demantoid
garnet and pearl twin parakeet brooch, $2,300
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gemset floral serpentine cluster bangle,
also by Cartier, sold for $3,450. An important 18k gold, black enamel,
diamond and green jade bangle by David Webb realized $8,510 while a
natural fancy colored 2.56ct. radiant- |
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cut diamond fetched $5,060. A fine Art Deco
platinum and diamond (approx 5cts, good quality) line bracelet sold for
$3,795.
Mark Bunda, who hails from Australia, has over 25
years experience in the decorative arts field. His parents were already
well known antique furniture dealers in Sydney when he went into
partnership with them. He ran a second store where he conceived &
established the antique jewelry specialization for the business. It was at
this time in 1987 that he met his |
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wife to be, a banker, who was posted in Sydney
from Houston Texas. After they were married in Sydney they decided to come
to New York to get some experience in their respective fields. Mark's
dream was to work at an auction house and not before long he had landed a
job working at William Doyle Galleries and then later he moved on to
Christie's where he |
An unusual 18k yellow gold, platinum, diamond
and cream enamel bangle bracelet by Cummings, which sold for $2,415.
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was a jewelry specialist at Park Avenue for three
Years.
In 1993, Bunda went into business
for himself as an appraiser and jewelry consultant. Last year he decided
it was time for him to get back in the auction business. |
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The next Bunda sale is scheduled for May
5. For further information or to consign jewelry
for the sale he can be reached at: 608 Fifth Ave., New York, NY 10020 or by
phone at (212) 489~6553.
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A lapis,
18k gold and gemset floral serpentine cluster bangle, also by Cartier,
sold for $3,450. |
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A natural
fancy colored 2.56 ct. radiant-cut diamond only (not mount) sold for $5,060.
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CURRENT ESTATE DIAMOND AND ANTIQUE JEWELRY AUCTION |
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All Previous Sales |
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