333 North Main Street
Lambertville, NJ 08530
David Rago began dealing in American decorative ceramics at the age of sixteen, at a flea market in his home state of New Jersey. Today, Rago is a leading U.S. auction house with $33 million in annual sales with specialties in early 20th Century Design , Modern and Contemporary Art, 20th Century ...Read more
Jun 9, 2019
A cluster of rose-cut diamonds, approx. 1.20 cts. TW., surround central diamond, approx. 4.5 cts. in semi-closed or closed-back settings. Ca. 1860. 14k. Engraved No. 8 M. 4 1/2 K. Size 5 3/4. 5.6 dwt.
This rose-cut diamond was once among a set of diamond buttons (exact number unknown) owned by Emperor Maximilian I of Mexico, overthrown and executed in 1867. Twelve of these buttons were acquired by Col. Edward H. R. Green, son of the brilliant and miserly financier Hetty Green, the richest woman of the Gilded Age. When this voracious collector of coins, stamps and jewelry died in 1936, his collections were sold privately and at auction. Hammer Galleries (founded by famed collector Dr. Armand Hammer) acquired jewelry from Green’s collection, including the set of 12 rose-cut diamonds, mounted as finger rings. These rings were advertised for sale in the New York Times on 24 October and 5 December 1943. It is our presumption that the diamond in lot 1037 is from one of these rings. Another of the diamond buttons, also adapted as a ring, sold at Sotheby’s Geneva, 14 May 2013, lot 574. Both the subject ring and the one sold by Sotheby’s are engraved with the weights of the center stone and inventory numbers.
Other gems owned by Emperor Maximilian I include the 39-carat “Emperor Maximilian” diamond which was acquired in 1919 from Maximilian’s widow, née Princess Charlotte of Belgium. It was set as a ring by Cartier and later owned by both Lawrence Graff and Imelda Marcos. It was last sold at Sotheby’s, New York on 22 April 2010. The 21-carat “Maximilian Emerald” was purchased by Marjorie Merriweather Post in 1928 (her first significant gemstone). Mounted as a ring by Cartier in 1949, it is now in the collection of the Smithsonian National Museum of Natural History in Washington D.C.
The execution of the Emperor Maximilian is immortalized in Edouard Manet’s painting, shown here.
STORAGE AND SHIPPING INFORMATION
As the buyer, you are responsible for the pick up or shipment of the property you’ve purchased.
As a courtesy the auction house has made arrangements with a variety of third party shippers to provide shipping quotes for our buyers. Please note that shipping remains the responsibility of the buyer and we highly recommend getting quotes during preview week for large, fragile or heavy items so you can consider the shipping costs before bidding. Under no circumstances will the Auction House be held responsible for items entrusted to a third party shipper.
Shipping small items by common carrier (UPS, FedEx, DHL or USPS): We have engaged shippers to pick up several times a week from the auction house. Our recommended shippers for small items are Masterpiece Shipping and The Flemington UPS Store. Once we receive your payment and the completed shipping form authorizing the release of your property to the shipper, we will add your lot(s) to the list for the next pick up. You will receive a shipping quote for your approval within 48 hours after the shipper has picked up your lot(s). If for any reason the quote is not acceptable to you, your property will be returned to the auction house so that you can make alternate arrangements.
Shipping larger items by freight: (for example: furniture, bulky or odd shaped items) that exceed allowable dimensions or weight restrictions of UPS, Fed Ex and similar carriers. The auction house can provide assistance in arranging for delivery by freight. Depending on the location, we can recommend a variety of third party shippers. We are also happy to work with the freight company of your choosing. Please keep in mind that delivery of these types of items can be an expensive proposition and we urge you to consider this before bidding. Please remember that it is your responsibility to pay for all deliveries.
Pick up at Rago’s: Hours for pick up are Monday – Friday, from 9:00 a.m. – 11:30 a.m. and from 1:30 p.m. to 5:00 p.m. The shipping department closes each day from 11:30 – 1:30. The Auction House is closed on Federal holidays and on Mondays following two and three day auctions. We require 24 hours’ notice in advance of pick up. Please bring your own packing materials.
• Weekend pick ups are made by special arrangement and/or by appointment only.
• New Jersey sales tax of 6.875% must be added to your invoice when picking up merchandise unless you have a valid resale number on file.
• All property must be paid for and removed from Rago Arts & Auction Center within 15 business days of the auction. Unless special arrangements are agreed upon in writing before the sale. Storage fees are charged beginning on day 16. For more details see below and see our Terms of Sale.
Firearms: Rago sells only antique firearms as defined by the U.S. Bureau of Alcohol, Tobacco and Firearms. Due to New Jersey firearms regulations, all handguns, pistols, and revolvers will only be shipped via Federal Express and will only be delivered to a person who holds a Federal Firearms License or a Curios and Relics License. Handguns, pistols, and revolvers can only be picked up at Auction House by a person who holds a Federal Firearms License or the proper New Jersey handgun permits, which must be shown and logged. There are no exceptions. No firearms will be sold or shipped internationally.
Frequently Asked Questions
May I use one check to pay for the invoice and shipping charges?
We wish we could accommodate this, but payment for your invoice and shipping charges are two separate transactions. Once your invoice is paid, the shipping process begins. A separate credit card payment to the shipping company will be necessary.
Will I be charged tax for picking up the item at the Auction House?
A 6.875% New Jersey sales tax must be added to your invoice if you come to the auction house to pick up your property. This tax will be waived if you have a resale number. You must complete the proper documentation in order to avoid the sales tax charge.
Do I need to pay for insurance coverage for the items in shipment?
We highly recommend insuring your items for their full value during shipping. If you choose to waive the insurance coverage, we require a signed waiver from you stating that you accept full liability for any damage that may occur in shipment.
What happens if my item is damaged during shipment?
It is a rare occurrence, but if your item arrives damaged, you must keep all packaging materials. Notify the auction house immediately. Take photographs of the damage to the box as well as the item. A representative from the shipping company will make an appointment to come and inspect the damage and begin the claim process.
If you have any other questions about how to take possession of your property, please call Karen Davies at (609) 397-9374 or send her an e-mail.
Collection of Property and Storage Charges: The buyer will pay for the purchased Property immediately and remove it from the premises of the Auction House within fourteen (14) days of the sale. We are not responsible for any damage or loss on property purchased but not removed from premises. If the purchased Property is not removed within thirty (30) days of the sale, the buyer will thereafter be assessed a $10 per lot storage charge per day. The Auction House may, at its discretion, remove the purchased Property to public storage at the buyer’s risk and expense. All associated charges will be added to the total invoice and must be paid in full before the Property will be released.
Property purchased and left at the auction house for 90 days will be sold or donated for you.
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