Christie's Results - Legendary and Unique Watches Auction 6 November
Geneva, 06 November 2022 – The 111 timepieces have been considered rare treasures by collectors (watch and motor racing aficionados) around the world as none of these watches have ever been offered at auction before. One-off creations, personalised dials, prototypes and the No.1 of limited editions – many watches stood out and represented a unique opportunity for collectors and the watch and motor sport communities.
Following a month-long world preview and collector dinners in the Middle East, US, Asia and Europe increased the suspense for the live auction in Geneva at the Four Seasons Hotel des Bergues, which was 100% and raised close to CHF32 million. Top lot of the auction was the sapphire and titanium Richard Mille RM56-01; selling for CHF 3,654,000.
Francis Belin, President Christie’s Asia Pacific and Luxury Group commented: "Presenting these stunning 111 timepieces confirm our know-how and solid international network in the promotion of important and exceptional private watch collections. The teamwork across departments in Geneva, Hong Kong, Dubai and New York to highlight this fabulous offering throughout the world has been fantastic. The program of exhibitions and private dinners allowed us to promote each watch, in a premium environment, to the great collectors and aficionados of motor sport. I would like to extend a thank you to first-time buyers as well as loyal collectors for engaging with this auction."
Remi Guillemin, Head of Christies Geneva Watch department concluded: “It was a true honour for Christie’s to be entrusted with the sale of such a competitive and magnificent collection. Linking the worlds of watchmaking and car racing, the sale offered iconic timepieces, with provenance from legendary pilots and sport heroes, at every price point. It has been an honour and privilege for me and the Christies team to transmit our passion to the most exigent international collectors in Geneva, the nest of fine watchmaking. Adding to the above, our deepest gratitude goes to our international collectors, with whom we embarked on this journey and share many memorable moments."
The watch offering attracted 23% new bidders, 30% of lots sold above the high estimate with bidding coming from 35 countries. The auction was expected to fetch in the region of CHF 20 million and made CHF31,877,418 - $31,679,596 - EUR 32, 357,839 with 13 lots selling above CHF 1 million.
Lot 2096 - Richard Mille, Limited Edition, REF. RM56-01 AN SAPHIR/PR00, NO. 011, 2013
To the best of our knowledge, this magnificent timepiece was the first example ever to be offered at international auction and set a new world auction price at CHF 3,654,000
Estimate: CHF 2,500,000-4,500,000
Sold for: CHF 3,654,000 - US$3,631,324 - EUR 3,709,069
Lot 2111 - F.P. Joune Unique Grande et Petite Sonnerie, January 2009
Made as a very special and personal bespoke piece for the collector, it is without doubt one of the most individual watches of the entire Sonnerie Souveraine collection, sold for CHF 3,054,000
Estimated: CHF 2,400,000-4,400,000
Sold for CHF 3,054,000 - US$3,035,048 - EUR 3,100,027
Lot 2110 - F.P. Journe, Centigraphe Souverain Model, No. 1/3-ct, Circa 2008
A unique piece, it was specially made for the man who inspired and contributed to the very conception of the Centigraphe model, sold for CHF 1,974,000
Estimated: CHF 800,000-1,400,000
Sold for CHF 1,974,000 - US$1,961,750 - EUR 2,003,750
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