“Every sale is about the hunt….” | Verve Magazine
India's premier luxury lifestyle women's magazine
Verve People
December 12, 2008

“Every sale is about the hunt….”

Lisa Hubbard, Sotheby’s Chairman, North and South America International Jewellery Division, has presided over auctions ranging from the late Jacqueline Kennedy Onassis to Andy Warhol. She speaks to Mita Kapur of an extraordinary 27 carat Kashmir sapphire with a double row of diamonds, to be auctioned in December and the great impact of Indian design on western jewellery

She wandered into the esoteric and exotic world of jewels just because she found auctions exciting and wanted to travel. “Sotheby’s was a company that had offices around the world. I didn’t have an art history background but jewellery was a field that I could learn about, on the job. I started in New York and spent an enormous time of my career travelling to Asia, being based in Hong Kong for 15 years.” Lisa Hubbard was appointed head of the Jewellery Department at Sotheby’s, Los Angeles in 1981. The architect of the first specialised sale of fine jadeite jewels in Hong Kong in November 1985, Hubbard was appointed Director of International Jewels, Asia, in 1993 and resided in Hong Kong, directing both Sotheby’s jadeite and western jewellery sales there. “I began with cataloguing which meant I looked at every piece of jewellery that Sotheby’s was selling. The specialists had already calculated the way they rated and dated the pieces but I was the one who had to write the descriptions. It was a wonderful way to learn – discern period pieces from reproductions, fine workmanship from that which was more ordinary. I learnt about the subtleties of colour, the imperfections in stones that were a roadmap to where the colour in the stones had come from. This was the beginning of my career to mastering facets of jewellery. Every auction is very different, which means more knowledge added with each one.” Hubbard maintains that she used to think these collections were never ending but experience taught her that the designs by the great masters are like any other artist’s creations – limited, unique and incorporating the same aesthetics as a painting on canvas, save that these were done with stones and metal.

Sotheby’s historical auctions have been presided over by Hubbard since 1981, like those of the late Jacqueline Kennedy Onassis, which realised $34.5 million, dwarfing its pre-sale estimate of  $3.3 million–$4.6 million and the Property from the Collection of the Duke and Duchess of Windsor (1997), which achieved $23 million against a far smaller estimate of $5.2 million–$7.4 million. She has also been involved in the sales of jewellery from the estates of Mrs Jack Warner, Paulette Goddard, Ava Gardner, Georges Lurcy, Annie Laurie Aitken, Libby Moody Thompson, Andy Warhol, Clare Booth Luce, The Duchess of Windsor, Harry Winston, Betsey Cushing Whitney, Maria Callas and Madame Claude Arpels.

“What we’ve tried to do is to increase people’s understanding and appreciation of jewellery by cross-marketing jewels with art – if you show people what is special about a piece of jewellery, whether it’s Art Nouveau, Art Deco or period, they look at it in an entirely different way.” Having accumulated valuable knowledge on jewellery, Hubbard is content with not wearing much herself.

Part of her growing up years were spent in India. “Despite being widely travelled through Europe, nothing really prepared us for India. The night I arrived here, I saw a gecko on the wall! India grew on me. When I went back to boarding school, I missed the sounds of India, the calls of traders, the colours that made you feel so alive, the tastes that are so acute. I felt at home here and to a certain extent, India still remains a special place.

When Hubbard lived in India she was more taken up by the textiles, it was her mother who loved jewellery. “It didn’t capture my imagination then as much as other works of Indian art but when I acquired a more comprehensive understanding of jewellery design, I realised that if there is any one influence that shines over and over again in western jewellery – in the sense of colour, mixture of stones, textures – it is India’s elements. Jewellery now is more of a fashion accessory but when you look at the history of jewellery in India, it was a part of everyone’s everyday life. It has a spiritual connection. You have this most fascinating period with Cartier coming to India and royalty from India travelling to Europe in the 1920s and ’30s to have their royal designs created. This had an enormous impact on the evolution of jewellery design.”

There is a feverish pitch which auctions resound with, Hubbard has discovered. It plays out like high drama and the energy levels are strung at a strikingly high resonance, more so now because “Sotheby’s has realised we need a global approach. Things got interesting when we generated interest in jewellery sales by using our network of officers around the world to mobilise people who would want to buy. You don’t have to be an expert to appreciate jewellery. Everyone buys it for some reason or the other, therefore everyone feels comfortable in a jewellery exhibition, to see and learn about what they might have never known. Making each jewellery auction the focus of an international community and effort, allows us to bring in that pitch. The Duchess of Windsor’s sale was one such unique experience in the annals of auction history.”

Hubbard sounds like a sleek panther on the prowl: “Every sale is about the hunt for that one piece. Once you manage to get it, then begins the hunt for that person who will be the next owner. That itself makes for a very interesting pursuit. While putting an auction together, it begins with no plan. It depends on what becomes the core of that sale and that’s not something that you can plan. An auction planned for December 2008 has the most extraordinary 27 carat Kashmir sapphire, turn of the century mounting with a double row of diamonds. Kashmir sapphires played out years ago. They are a rarity now and command a higher price than Sri Lankan ones. It’s this sort of thing that one starts to build a sale on and then it just rolls up, that’s why it’s a hunt.”

Every piece of jewellery tells a story, carries a history, speaks of a culture. It’s the most personal of all decorative arts, it’s easy for people to relate to. “I have a lecture which is titled, If Jewels Could Talk, because each piece evokes a memory….”

Related posts from Verve:

Leave a Reply