Jackie
Kennedy watch, painting sell for three times estimate in
NY
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[June 22, 2017]
(Reuters) - A Cartier
wristwatch given to Jackie Kennedy and a painting she
made in 1963 as a thank-you gift to reciprocate sold for
$379,500 on Wednesday, more than three times pre-sale
estimates, Christie's auction house said.
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Christie's said the price was reached after
three minutes of "spirited bidding" in its New York saleroom,
online and by phone. It did not identify the buyer.
The auction house had estimated the watch and the painting, sold
as one lot, would fetch up to $120,000, calling them "two of the
most important historic artifacts to surface in recent years
from the golden era of the Kennedy Presidency."
The Cartier tank watch, engraved on the back, was given to the
then-U.S. first lady by her brother-in-law Prince Stanislaw "Stas"
Radziwill, and she was photographed many times wearing it.
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The picture was painted by Kennedy to mark a 50-mile (80-km)
hike in Palm Beach in 1963 that Radziwill and other friends of
the Kennedys undertook to promote fitness.
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Most of Jacqueline Kennedy's personal belongings were auctioned in
1996 following her death from cancer in 1994 at age 64. The 1996
auction at Sotheby's in New York raised some $34 million, more than
seven times pre-sale expectations.
The seller of the watch wished to remain anonymous but has pledged
to donate a portion of the auction proceeds to the National
Endowment for the Arts.
(Reporting by Jill Serjeant in Los Angeles; Editing by Sandra Maler)
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