Monday night we were glued to the computer watching the Christie's auction of Elizabeth Taylor's magnificent jewelry collection. For months everyone in the trade had been talking about how the numbers in this auction were going to go through the roof...and they did.
Tuesday morning one of my dealer buddies from New York stopped by my office to say hi...not really, he came to collect money.
Anyhoo, we discussed the results of the previous night's auction. How could we not?
My dealer buddy had a little story to tell me apropos the auction.
Back in 1969, his father, the world's foremost dealer in natural pearls, had sold a beautiful teardrop shaped pearl pendant, La Peregrina, at auction for around $38,000.
Richard Burton was the buyer.
This week La Peregrina sold over $11,800,000 at Christie's.
Imagine that.
I wonder who the buyer was.
We have been so busy for the last few months that I have not any time to blog.
Hopefully, after the Christmas rush is over, I can get back into blogging swing of things.