{"id":910,"date":"2008-04-15T08:30:20","date_gmt":"2008-04-15T08:30:20","guid":{"rendered":"http:\/\/indonesiajewelry.com\/news\/2008\/04\/15\/court-halts-sale-of-jewelry-at-christie%e2%80%99s\/"},"modified":"2008-04-15T08:30:20","modified_gmt":"2008-04-15T08:30:20","slug":"court-halts-sale-of-jewelry-at-christies","status":"publish","type":"post","link":"https:\/\/indonesia-product.com\/news\/court-halts-sale-of-jewelry-at-christies\/","title":{"rendered":"Court Halts Sale of Jewelry at Christie\u00e2\u20ac\u2122s"},"content":{"rendered":"<p>Court Halts Sale of Jewelry at Christie\u00e2\u20ac\u2122s<br \/>\nNew York Times, United States<\/p>\n<p><!--adsense--><\/p>\n<p>An appellate court agreed on Monday to stop a Christie\u00e2\u20ac\u2122s auction at which $34 million worth of jewelry was to have been sold on Tuesday evening.<\/p>\n<p>The sale, which was being held to pay back part of a $187 million loan made by Merrill Lynch to the jeweler Ralph O. Esmerian, was to have included a $15 million pink diamond ring and a $6 million diamond-encrusted brooch once owned by the wife of Napoleon III. Christie\u00e2\u20ac\u2122s had billed it as \u00e2\u20ac\u0153the most important antique jewelry in history.\u00e2\u20ac\u009d<!--more--><\/p>\n<p>But Mr. Esmerian, 68, contended that the auction was a fire sale and that the jewels would bring more money if they were sold privately.<\/p>\n<p>\u00e2\u20ac\u0153These were jewels that Ralph, his father and his grandfather had collected,\u00e2\u20ac\u009d said Helen Davis Chaitman, Mr. Esmerian\u00e2\u20ac\u2122s lawyer. \u00e2\u20ac\u0153Christie\u00e2\u20ac\u2122s has priced them at one-quarter to one-third of their actual value.\u00e2\u20ac\u009d<\/p>\n<p>They were to be the cornerstone of Fred Leighton, a jewelry business Mr. Esmerian bought in 2006 with loans from Merrill Lynch. \u00e2\u20ac\u0153This was to have been the focal point of the Beverly Hills store that is opening on Rodeo Drive in September,\u00e2\u20ac\u009d Ms. Chaitman added.<\/p>\n<p>Last week, Justice Helen E. Freedman of State Supreme Court in Manhattan ordered the sale to proceed. But the Appellate Division of State Supreme Court stayed that decision.<\/p>\n<p>A lawyer for Merrill Lynch said the fight was far from over. \u00e2\u20ac\u0153A preliminary injunction against the auction would be wrong,\u00e2\u20ac\u009d said Howard R. Hawkins Jr., who is representing Merrill Lynch. \u00e2\u20ac\u0153Christie\u00e2\u20ac\u2122s auction is the best way to sell this jewelry, and we are going back to Judge Freedman to seek a further ruling so the auction may proceed.\u00e2\u20ac\u009d <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Court Halts Sale of Jewelry at Christie\u00e2\u20ac\u2122s New York Times, United States An appellate court agreed on Monday to stop a Christie\u00e2\u20ac\u2122s auction at which $34 million worth of jewelry was to have been sold on Tuesday evening. The sale, which was being held to pay back part of a $187 million loan made by [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[411],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Court Halts Sale of Jewelry at Christie\u00e2\u20ac\u2122s - Directory of wholesale, manufacturers, distributors, importer and exporter in Indonesia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/indonesia-product.com\/news\/court-halts-sale-of-jewelry-at-christies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Court Halts Sale of Jewelry at Christie\u00e2\u20ac\u2122s - Directory of wholesale, manufacturers, distributors, importer and exporter in Indonesia\" \/>\n<meta property=\"og:description\" content=\"Court Halts Sale of Jewelry at Christie\u00e2\u20ac\u2122s New York Times, United States An appellate court agreed on Monday to stop a Christie\u00e2\u20ac\u2122s auction at which $34 million worth of jewelry was to have been sold on Tuesday evening. 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