Blue Sapphire sells for $3 Million Dollars

Apr 29, 2007 | Auctions, Collectibles | 0 comments

Sapphire’s sale leaves Minnesotans in shock

“The state Historical Society netted about $2.6 million from the sale of a pendant that industrialist James J. Hill gave to his wife.

By John Ewoldt, Star Tribune
April 28, 2007

Historians can only speculate if Mary Hill, wife of Minnesota industrialist James J. Hill, gasped when she first saw the 22.66 carat sapphire he gave to her on Dec. 24, 1886.

The gem’s sale for a record high bid of $3.064 million at a New York City auction earlier this week, however, indisputably left officials of the Minnesota Historical Society in a pleasant state of shock at their unexpected windfall.”

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