I believe that the term 'Important" describes an auction collection that consists of items of a certain high price and prestige range. They use the term "Magnificent" for auctions containing an even higher level of items. So you will see a few times each year the term "Important Gems/Jewelry" and a few times a year "Magnificent Gems/Jewelry". I think this convention is followed by Christie's, Sotheby's, and other auction houses.
And here I always thought (for art auctions) it was reserved for the first pieces of an artist with a certain technique, or the first times of a technique (i.e. historically important). I couldn't figure out how that would apply to many jewelry pieces - especially a jade bangle.
Joined: Sun Oct 16, 2005 12:22 pm Posts: 21602 Location: San Francisco
I would define important as a rare, collectable and desirable object.
Every piece of jewelry designed by Rene Lalique is important and magnificent. Every piece of furniture made by Louis Marjorelle is important, not all are magnificent.
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