BOSTON, MASS.- Grogan & Company, Fine Art and Jewelry Auctioneers announced the resounding success of A Celebration of Color: The Saundra B. Lane Jewelry Collection, held on Sunday, April 27, 2025. It was a white glove auction, with 100% of lots sold and total sales of $3 million. Sale proceeds will benefit the Museum of Fine Arts, Boston (MFA), establishing the Saundra B. Lane Fund for Jewelry, a dedicated acquisition fund honoring Lane’s legacy as a visionary collector and philanthropist.

From the first lot to the final hammer, the auction was exhilarating – fueled by fierce bidding across phones, online platforms, and a lively, engaged Boston saleroom. The standout moment of the day came with Lot 7, a Platinum, Fancy Intense Blue Diamond, Fancy Vivid Yellow Diamond, and Diamond Ring, which drew international attention, with 18 phone bidders competing live against bidders both online and in person. The ring ultimately sold for $762,500 to a bidder in the room – for nearly double its pre-sale high estimate of $400,000.

Other notable results included Lot 6, a Gold, Fancy Intense Yellow Diamond, Burmese Ruby, and Diamond Necklace, which saw competitive bidding and achieved $143,750, soaring past its $50,000–80,000 estimate. The sale opened with energy as Lot 1, a Yellow Diamond, Burmese Ruby, and Diamond Bypass Ring, tripled its high estimate to sell for $34,375. Later in the sale, color and rarity continued to command attention. A 6.12-carat unheated Kashmir Sapphire Ring (Lot 70) captivated bidders worldwide, ultimately realizing $737,500, or an astonishing $122,140 per carat.

The appeal of rare colored stones remained strong, highlighted by Lot 37, a Platinum, Jade, and Diamond Ring, and Lot 25, a 14K Gold, Black Opal, and Diamond Ring each achieving an impressive $40,625, exceeding their estimates and sparking lively competition across bidding platforms.

Each of the 97 pieces in the collection reflected Saundra Lane’s love of color, gemstones, and story-rich design, many of which were gifted to her by her husband, Bill Lane, who had a lifelong passion for rare gems and an eye for color and design. With proceeds from the auction, the MFA will build upon Saundra’s legacy by acquiring works by contemporary and historic jewelry designers through the Saundra B. Lane Fund for Jewelry.

“It was a privilege to offer Saundra Lane’s extraordinary jewelry collection and to witness such enthusiasm from collectors around the world,” said Georgina Winthrop, President of Grogan & Company. “The spirited bidding and exceptional results speak not only to the rarity and beauty of these pieces but also to a deep respect for Saundra and Bill’s collecting legacy. We were honored to work with the MFA to bring these remarkable pieces to auction.”