Stewart and Lynda Resnick

Photograph: Amanda Friedman

A chapter in Lynda Resnick’s book Rubies in the Orchard: How to Uncover the Hidden Gems in Your Business is titled ‘The One True Copy of Jackie Kennedy’s Real Fake Pearls’. Resnick tells the story of how, in 1996, Sotheby’s auctioned the estate of Jackie Kennedy Onassis, including her iconic three-strand pearl necklace. It didn’t matter that the pearls were imitation, and that the young Jacqueline Bouvier had picked them up at Bergdorf Goodman for around $35. They were listed by Sotheby’s at $200–$300. Resnick was determined to have them, and persuaded her husband Stewart to bid all the way to the jaw-dropping closing price of $211,000. The couple were the subject of ridicule in the national press. Read the rest of this entry »