Christie’s Facilitates Sale of French Crown Jewels To The Louvre
April 22nd, 2008It would seem that all’s well that ends well in the land of famous jewels and jewelers. Gem dealer and owner of Fred Leighton, Ralph O. Esmerian has sold Empress Eugénie’s diamond bow brooch to the Louvre. The sale was facilitated by François Curiel, President of Christie’s Europe who made the following statement, “As a French citizen responsible for jewelry at Christie’s, nothing could have pleased me more than to negotiate this sale of national importance…Christie’s is proud to have facilitated this historic return.”
I first wrote about this ornament in my March 21st post. The brooch was originally made for the Empress, who was the wife of Napoleon III, by François Kramer. The diamond bow was auctioned off, together with other historically and culturally important jewels belonging to the French crown, on May 12, 1887 in the Salle des Etats of the Louvre. The jewel was purchased by renowned New York society matron, Mrs. Caroline Astor; it cost at the time what would be approximately $136,000 today.
Various news media reported that the auction house had spent about $500,000 in promoting the legally defeated sale of Esmerian’s collection, which included Empress Eugénie’s brooch. Curiel’s vocal enthusiasm for the transaction is surprising; considering the firm’s unfortunate role between the match of Esmerian vs. Merrill Lynch, his response is generous indeed.
