Ruby February

Gemfields mining group generated a substantial HK$415 million from its recent mixed quality ruby auction held in Bangkok, underscoring continued international demand for responsibly sourced gemstones. Some 189,620 carats of rough rubies changed hands at the February sale, primarily from the Montepuez Ruby Mine in the northeast, which is recognised as one of the world’s most significant ruby deposits.

Mozambican rubies have gained prominence alongside traditional Burmese stones over the past decade. The structured auction platform provided by UK-headquartered Gemfields emphasises transparency, traceability and ethical-sourcing standards, reinforcing buyer confidence.

Offering a broad spectrum of sizes, saturations and clarity grades, the auction attracted high-jewellery house suppliers as well as manufacturers. Attendees could admire the splendid stones at private viewings before the online bidding. The strong results, with most lots successfully placed, marked a reaffirmation of growing investor and industry appetite for rubies and other coloured gemstones.

Prince of a Ride

A sleek white 1968 Lamborghini Miura P400 originally owned by a Saudi prince was steered to a handsome price of HK$16.8 million by Broad Arrow Auctions, reaffirming the model’s status as one of the most important early supercars. Introduced in 1966, the Miura transformed automotive design with its revolutionary mid-engine layout, placing a transverse 3.9 litre V12 behind the cabin and producing about 350 horsepower. This engineering breakthrough established the template for generations of high-performance sports cars that followed.

Signature details such as the delicate ‘eyelash” headlamp surrounds and sensuous low profile contribute to its enduring visual drama. With fewer than 280 early Miura variants produced, surviving examples remain highly sought after by collectors worldwide.

The model’s consistently lofty auction results reflect sustained global demand for blue-chip Italian classics, particularly landmark cars that reshaped performance and styling standards. Sixty years after its debut, the Miura remains both a sculptural icon and a defining milestone in Lamborghini’s history.

Foot of Note

A rare, recently rediscovered Michelangelo drawing realised a staggering HK$212.8 million at Christie’s in New York, more than 10 times its high estimate in a new auction record for the Renaissance master. This diminutive sketch of a foot offers intimate insight into the artist’s creative process, revealing how he refined complex compositions through dynamic anatomical exploration and compositional experimentation.

Thought to date to 1511-12 and executed in red chalk on paper, it is one of countless studies made for Michelangelo’s monumental task of painting the Sistine Chapel ceiling. Most of those that survived are held in major museum collections, making any newly available example a landmark event.

The drawing in question, which had been sent to the auction house on spec by an owner unaware of its illustrious provenance, relates to a fresco of the Libyan Sybil stepping down from her throne. More than five centuries after its creation, it stands as a powerful testament to Michelangelo’s enduring influence and the continued global demand for Old Masters of the highest tier.

Hippo

François Xavier Lalanne’s celebrated Hippopotame Bar achieved an extraordinary HK$245.9 million at auction in New York, underscoring the continued global appetite for museum-quality design with sculptural presence. Created in 1976 as part of the famed French sculptor’s iconic animal-furniture series, the baby-size hippo is cast in hand-wrought copper and opens to reveal a fully-fitted bar. Lalanne’s appeal among collectors has long been defined by the duality between monumental solidity and playful utility.

Subsequently produced in a limited edition in bronze, the unique piece stands as one of the most coveted examples of 20th-century French design. The exterior captures the muscular form and textured hide of a resting hippopotamus, while the interior surprises with polished compartments designed to hold bottles and glassware. At once functional object and fantastical sculpture, it epitomises Lalanne’s ability to merge fine art, design and wit.

The Sotheby’s result positions this 50-year-old bar as the most valuable design object ever sold at auction. While reflecting sustained demand for rare, statement-making works, it reaffirms Lalanne’s enduring influence in the collectible design market.