Home > Press Release > 2019 > APAC > RESULTS | Christie’s Important Wa...

RESULTS | Christie’s Important Watches Autumn Auction Combined Totaled HK$207,340,000/US$26,620,207

Highest Ever Sale TOTAL REALISED AT CHRISTIE’S ASIA Patek Philippe "L'Heure Bleue” Ref. 2523 wristwatch ACHIEVED RECORD FOR the most expensive wristwatch ever auctioned in Asia

Jewellery, Watches & Handbags

Hong Kong APAC 27 November 2019

Hong Kong – On 23^rd & 27^th November, The Masterpiece and Important Watches including an Important Private Asian Collection Part 1 auctions achieved a combined total of HK$207,340,000/US$26,620,207, with sell-through rates of 87% by lot and 95% by value. The saleroom attracted heated global participation from 22 countries across 5 continents via all sale channels.

The Important Private Asian Collection Part 1 section of the sale saw a remarkable sell-through rate of 100%. Strong results were also achieved for vintage watches especially the Patek Philippe wristwatches, as well as other exceptional pieces such as the F.P. Journe Resonance Model, demonstrating the continued high performance of these watches on the market.

Alexandre Bigler, Head of Watches, Asia Pacific, commented “We’re delighted with the fantastic results this season, especially the incredible performance of some of the Patek Philippe pieces. This reaffirms the continued strong demand for haute horology and master timepieces. We look forward to continuing the strong buying momentum at our Important Watches and American Icons auction in New York on 12^th December, as well as our online-only auctions.”

Visuals

All Images

About Christie’s

Founded in 1766, Christie’s is a world-leading art and luxury business with a physical presence in 46 countries throughout the Americas, Europe, Middle East, and Asia Pacific, and flagship   international sales hubs  in New York, London, Hong Kong, Paris and Geneva. Renowned and trusted for our expert live and online-only auctions, as well as bespoke Private Sales, Christie’s unparalleled network of specialists offers our clients a full portfolio of  global services, including art appraisal, art financing, international real estate and education. Christie’s  auctions span more than  80 art and luxury categories, at price points ranging from $500 to over $100 million. Christie’s has sold 7 of the 10 most important single-owner collections in history, achieved the world record price for an artwork at auction, launched the first  fully on-chain auction platform dedicated to exceptional NFT art and manages an investment fund to support innovative startups in the art market. Christie’s is also committed to advancing  responsible culture  throughout its business and communities worldwide. To learn more, browse, bid, discover, and join us for the best of art and luxury at christies.com or by downloading Christie’s apps.

* Please note when quoting estimates above that other fees will apply in addition to the hammer price - see Section D of the Conditions of Sale at the back of the sale catalogue. *Estimates do not include buyer’s premium. Sales totals are hammer price plus buyer’s premium.