Billionaire Patricia Kluge’s possessions auctioned by Sotheby’s

Many possessions of billionaire Patricia Kluge were auctioned by Sotheby’s, and the total revenue out of it was an impressive $15.1 million. This was way ahead of the pre-sale expectations of $9-$14million. The things that were auctioned were from Kluge’s Albemarle House. Collectors, interior designers and dealers from all over the globe flocked for the two day auction, which followed a week long exhibition of the contents at their previous residence, the 45-room English manor house.

88.5% of the items were sold by lot with 61.5% of the sold lots being sold for prices higher than the estimates. Some jewellery from the Kluge’s collection had also been auctioned a while back, which now makes the total from the Kluge auction to a whopping $20.2 million.

The highlight of the auction was a magnificent Chinese Imperial Clock, sold for $3.8million. Made by the Guangzhou Workshops during the Qing Dynasty (Quianlong Period), this clock got thrice its initial estimate. The buyer was a Chinese private collector. With this jaw dropping price, it becomes the third most expensive clock of its kind. The entire auction saw prospective buyers bidding intensely for their favourite pieces.

Via: SothebysRealty ,

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