Tuesday, December 13, 2011
Perfect Peregrina Pearl
The legendary Peregrina is both natural and enormous. Did I mention famous too? This 16th century bauble is approximately 50 carats--except that pearls are weighed in grains. This one is 203 grains, which was quite a whopper even to Spain's King Philip II, one of the first owners of this prized pearl.
Today, the extraordinary jewel set a world record for a pearl sale, fetching $11,842,500 at Christie's New York in less than five minutes of furious bidding with clients shouting out their million dollar bid increments. Now that's how to do an auction.