Filed under: Auctions
An important and historic Chinese imperial jadeite bead necklace, owned by the family of Oei Tiong Ham family, will be sold by Sotheby's in New York on December 10. Its pre-sale estimate is $1.9 million to $2.2 million, but it is quite possible deep-pocked jade collectors in Asia will drive the hammer price much higher.
The sale of the magnificent neckalce marks the first time in more than 30 years that a jadeite jewel of major historical importance will appear at auction at Sotheby's in New York.
The story of The Oei Tiong Ham Necklace began more than 100 years ago when Oei Tiong Ham, a successful Chinese businessman, is said to have purchased two necklaces composed of beads from an Imperial court necklace from the leading jadeite dealer in Peking, who had reputedly obtained them from the family of Emperor Puyi. After descending through multiple generations of the family, the exceptional necklace is offered by a direct descendant of Oei Tiong Ham.
Gallery: Sotheby's Magnificent Jewels