BOSTON, MA: Grogan & Company’s inaugural auction in their new Boston location drew standing room only crowds from both down the street and across the country. On Sunday, December 14th, Vice President and Gallery Director, Lucy P. Grogan, took the podium at noon and welcomed attendees to Grogan & Company’s new headquarters on Beacon Hill before kicking off the 545 lot auction. The sale featured items across all collecting genres including Fine Art, Jewelry, Silver, Decorative Arts, and Oriental Carpets.

The top lot of the day was an Art Deco Platinum, Jadeite, Pearl, Diamond and Sapphire Necklace featuring a carved rectangular jadeite pendant. After spirited bidding on the internet, phones, and in the room, the necklace sold for $90,000 to a gentleman in attendance, against an $8,000-12,000 presale estimate. While unsigned, the necklace was accompanied by a red leather and silk pearl folder by Cartier, which, according to the family through which it descended, is original to the piece. The carved jadeite pendant suspended from the necklace caused much interest for its likely early Chinese origin.

Another highlight lot of the sale also originated in China. A Chinese Silk Needlework Hanging Panel, dating back to the 18th or 19th century, brought $42,000 against a conservative estimate of $1,000-2,000. The large horizontal panel brought significant international interest, finally selling to a client over the phone in Taiwan. A Japanese Carved and Polychrome Wood Guardian Figure of Fofo Myo-o, flanked by two smaller guardian figures, also soared above its $500-1,000 estimate, selling to the trade at $38,400.

The Fine Art portion of the sale also saw strong results. An oil on panel by Emilio Sanchez Perrier (Spanish, 1855-1907) titled Sevilla sold for $30,000; a watercolor by Stephen Scott Young (American, b. 1957) titled Sundown sold for $24,000; and David Hockney’s (British, b. 1937) lithograph and collage titled Moving Focus: An Image of Gregory sold for $21,600.
Jewelry garnered interest from private buyers and the trade alike. A 5.19 carat Platinum and Diamond ring sold for $60,000 to a private couple. A fine pair of Tiffany & Company Platinum, Gold, Diamond, and Yellow Diamond Pansy Earclips sold for $21,600 to the trade; while two Sapphire and Diamond Rings each sold for $18,000, both to private collectors.

Additional highlights from the sale’s diverse offerings included a Suite of Three Yellow and Black Glass Vessels by Dante Marioni (American, b. 1964) which sold for $16,800; a Persian Heriz Carpet, ca. 1880, sold for $16,200; a Chinese Gilt and Patinated Bronze Figured of Buddha Seated on a Double Lotus sold for $14,400; and a Louis Vuitton Monogrammed Steamer Trunk sold for $11,400.

Grogan & Company is currently seeking quality consignments for their next auction scheduled for March 8th, 2015. For more information, please visit www.groganco.com.