London auctioneers, Bonhams, founded in 1793 and the oldest and largest auction house of fine arts and antiques, is selling a J-shaped brooch once owned by Elton John. They expect it to sell for in the neighborhood of £12,000. Elton wore the diamond and sapphire brooch in his “I Don’t Wanna Go on With You Like That” video. He then sold the brooch in 1993. Made up of five oval sapphires, a cluster of round sapphires and diamonds, the brooch was actually created in 1935.
To authenticate the piece, it will come with a picture of Elton wearing the flashy brooch. The video also clearly shows him wearing it. Elton John was known for his outlandish outfits, flamboyant jewelry and garish eyeglasses. Knighted by Queen Elizabeth and having received the prestigious CBE, he decided in 1988 to clean out many of his belongings including his concert costumes and jewelry. Sotheby’s conducted the auction for Elton where a Magritte surrealist painting of a blue fish in pearls scooped up close to one hundred and twenty thousand dollars.
As many investors shy away from risky stocks and the somewhat uncertain marketplace, they are turning to untraditional forms of investing. One of these ways is purchasing items owned or worn by stars and celebrities. In addition, current gold prices are so high that this piece of jewelry is even more attractive as an investment.
Get your bids ready as the brooch goes up for auction September 25!
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