Brazilian Luxe

A magnificent Paraiba tourmaline, celebrated for its saturated, luminous blue colour and starring in a Tiffany & Co. necklace of finely matched diamonds, fetched a world-record price at auction in New York in December last year. The 13.54-carat gemstone went under the hammer for US$4.2 million (HK$32.7 million), more than 10 times Christie’s low estimate. 

The remarkable price affirms both the rarity of this triangular-modified, brilliant-cut tourmaline mined in Brazil and the lasting desirability of the storied US jeweller’s most spectacular creations. A pair of matching Paraiba tourmaline and diamond earrings – featuring glorious neon-blue oval stones weighing 3.45 and 3.19 carats – echoed the same design language: elegant proportions, meticulous setting and a harmony between colour and light. They realised US$1.3 million, underscoring the strength of the ensemble as a museum-worthy suite. The necklace and earrings exemplify a pinnacle moment where provenance, exceptional stones and timeless design converge. Capturing the imagination of collectors, they reinforce Tiffany & Co.’s legacy at the highest level of the jewellery world.

Master Pièce

The Audemars Piguet ‘Grosse Pièce’ (Big Piece) pocket watch has clocked in as the brand’s most expensive timepiece not sold for charity. One of the most important achievements in haute-horlogerie history, this marvel of the manufacture was auctioned for US$7.7 million (HK$60 million) last December, and shares the title as the most complicated AP pocket watch ever crafted.

A testament to the technical mastery and artistic ambition that defined Audemars Piguet’s early grande-complication creations, the No.16869 was commissioned by a London watch company, S. Smith & Son, in 1914 on behalf of an American client. Among a total of 19 mechanisms housed within a richly engraved yellow-gold case, it boasts a perpetual calendar, minute repeater, chronograph functions and astronomical indications. Appearing as the London night sky on one side of the watch’s double face, the celestial function renders it unique,.

Designed at a time when pocket watches represented the pinnacle of mechanical innovation, the ‘Grosse Pièce’ exemplifies the era’s pursuit of technical perfection. It also confirms Audemars Piguet’s place among the great names in watchmaking.

Frida the Leader

Frida Kahlo’s haunting self-portrait El Sueño (La Cama) achieved a landmark result at Sotheby’s New York late last year, changing hands for a momentous US$54.7 million (HK$426.7 million). It became the most expensive artwork by a woman ever sold at auction, and reaffirmed the Mexican painter’s enduring significance in art history.

Painted in 1940, the surrealist work – The Dream (The Bed) in English – depicts the artist asleep in an ornate wooden canopy bed, her body entwined with creeping vines that blur the boundary between dream and reality. Hovering above her is a reclining skeleton, a potent symbol of mortality that underscores Kahlo’s lifelong confrontation with pain, illness and the nearness of death. The composition is both intimate and unsettling, transforming a private moment of rest into a deeply psychological landscape.

Created during a period marked by physical suffering and emotional upheaval, La Cama reflects Kahlo’s unique ability to translate personal experience into universal imagery. The careful balance between stillness and tension, life and decay, reveals her mastery of symbolism and narrative self-portraiture.

Plumbing the Heights

The fully functioning solid gold toilet famously created by Italian artist Maurizio Cattelan in 2016 made a splash last year. First, the thieves who had stolen the audacious artwork from a display at Blenheim Palace in England – they are believed to have melted it down for its weight in gold ¬– were caught and sentenced to prison. A few months later, a privately owned second casting of Cattelan’s toilet was auctioned at Sotheby’s and bought by Ripley’s Believe It or Not! for a handsome US$12.1 million (HK$94.4 million).

One of the most instantly recognisable sculptures of contemporary art, the ironically titled America transforms an ordinary bathroom fixture into a sharp and unsettling meditation on wealth, power and excess. The title itself suggests abundance, aspiration and satire in equal measure. It was originally unveiled as a usable installation at the Guggenheim in New York, inviting the public to engage physically with the work. By elevating an object associated with privacy and necessity into a symbol of extreme luxury, Cattelan exposes the contradictions of today’s consumer culture.