Christie’s sets record for highest ever sale total for watches in Asia
Christie’s Hong Kong Watches spring auctions realised a combined sale total of HK$299,004,780/ US$38,269,921.
Highest ever sale total for the category at Christie's Asia.
96% Sold by Lot | Hammer Price 139% Above Total Low Estimate
Almost 40% of Lots Surpassed Pre-Sale High Estimates
21 World Auction Records for References Across Both Sales
Including Patek Philippe References: 5002R, 605HU, 5976 ⁄ 1G, 5016P-018, 5275P, and Exceptionally Rare Models of F.P. Journe, A. Lange & Söhne, and Cartier
The Champion Collection Part III: The Artistry of Complications 100% Sold
Sale Total: HK$156,889,860/ US$20,080,490
161% Hammer Above Low Estimate
Running Total for the Collection’s Auction Series: HK$334,147,870/ US$42,782,655
Important Watches and The Rise of The Independent Watchmakers,
Featuring The Kairos Collection Part II
Sale Total: HK$142,114,923/ US$18,189,431
94% Sold by Lot | 120% Hammer above Low Estimate
The Kairos Collection 100% Sold
Sale Total: HK$25,552,800/ US$3,270,528
Running Total for the Collection’s Auction Series: HK$213,597,804/ US$27,348,016
Top Lot of the Sales
Lot 2273 – PATEK PHILIPPE.
A MAGNIFICENT, EXTREMELY RARE AND HIGHLY COMPLICATED 18K PINK GOLD DOUBLE-DIAL WRISTWATCH WITH TWELVE COMPLICATIONS INCLUDING "CATHEDRAL" MINUTE REPEATING, TOURBILLON, PERPETUAL CALENDAR WITH RETROGRADE DATE, MOON AGE AND ANGULAR MOTION, SIDEREAL TIME AND SKY CHART
SKY MOON TOURBILLON MODEL, REF. 5002R, CIRCA 2010
World Auction Record for the Reference
Price realised: HK$24,450,000/ US$3,129,380
More than doubling its pre-sale low estimate of HK$10,000,000/ US$1,279,910
Hong Kong – On 24 May, Christie’s Watches held two live auctions, including the white-glove sale of “The Champion Collection Part III: The Artistry of Complications”, and “Important Watches and The Rise of The Independent Watchmakers, Featuring The Kairos Collection Part II”, realising a historic sale total of HK$299,004,780/ US$38,269,921 and 139% hammer above low estimate. The sales saw strong global participation from 20 countries across 4 continents.
Top lot of each sale set world auction record for the reference:
The Champion Collection Part III: The Artistry of Complications
Lot 2273. Patek Philippe Sky Moon Tourbillon model, ref. 5002R, circa 2010
A magnificent, extremely rare and highly complicated 18k pink gold double-dial wristwatch with twelve complications including "cathedral" minute repeating, tourbillon, perpetual calendar with retrograde date, moon age and angular motion, sidereal time and sky chart.
Price realised: HK$24,450,000/ US$3,129,380
More than doubling its pre-sale low estimate of HK$10,000,000/ US$1,279,910
Important Watches and The Rise of The Independent Watchmakers, featuring The Kairos Collection Part II
Lot 2443. Patek Philippe Ref. 605HU
A magnificent and extremely rare 18k gold world time pocket watch with world map cloisonné enamel dial, ref. 605HU, manufactured in 1948
Price realised: HK$16,050,000/ US$2,054,256
Pre-sale low estimate: HK$5,000,000/ US$639,955
Alexandre Bigler, Vice President and Head of Watches, Christie’s Asia Pacific, commented, “This season, we are ecstatic to reach new heights and also continue our remarkable success in offering single-owner collections of the rarest and most in-demand timepieces. Contemporary designs sold particularly well, and our diverse array of horological rarities ranging from industry legends such as Patek Philippe and Audemars Piguet, to high-end independent watchmakers such as Greubel Forsey and F.P. Journe, reaffirm Christie’s as the preeminent destination for watch auctions. We hope to see this enthusiasm from the market extend to our upcoming online auction to take place from 2 – 17 June, and also the live auction featuring Part III of The Kairos Collection, to be held in New York from 8 – 9 June.”
Sale Highlights of “The Champion Collection Part III: The Artistry of Complications”:
- All lots in this sale found buyers, with almost 1/3 of lots sold above high estimates.
- 12 world auction records for the references were set in the sale, including Patek Philippe Ref. 5002R, 5016P-018, 5275P, 5074J, 5271 ⁄ 11P-001, 5971P, 5020J-016, 5071G, 5059G-018, 5976 ⁄ 1G, 5167 ⁄ 300G-010, 5167A-010.
- Patek Philippe horological treasures sparked fierce competition, with a wide variety of lots sold multiple times above estimates, including:
Sale Highlights of “Important Watches and The Rise of The Independent Watchmakers, Featuring The Kairos Collection Part II”:
- 42% of lots sold above high estimates, with 9 world auction records for the references established, including Patek Philippe Ref. 605HU, 1415; F.P. Journe NO. 01⁄10-T10, Sonnerie Souveraine Model; A. Lange & Söhne Ref. 405.836, 310.836, 320.836; Cartier – a platinum and diamond-set limited edition Crash Model, and a rare 18K white gold and diamond-set limited edition Crash Model made for the re-opening of the Paris boutique.
- In addition to the top lot of this sale, Lot 2443 - Patek Philippe 605 Heures Universelles, other top-performing extraordinary timepieces include:
- Demand for F.P. Journe wristwatches continue to soar, highlighted by:
- All Patek Philippe contemporary masterpieces from The Kairos Collection Part II found buyers, including the following highlights:
For more detailed results, please visit christies.com
Comments
Leave a comment