Fighting fiercely over major Rothkos and Hockneys is nothing new for Christie’s, Sotheby’s, and Phillips. But now, with the jewelry and watches market heating up considerably, the competition is just as stiff for these luxury design items.

Last year, the Big Three auction houses carved up a $1 billion pie, and staggering prices and records have become the norm. Case in point: Sotheby’s sold a pink diamond weighing a hefty 59 karats in 2017 for a record $71.2 million……

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