CHRISTIE’S GENEVA WATCH AUCTIONS TOTAL CHF 55 MILLION
Geneva – A historic moment during this autumn Geneva watch season. Christie’s leads the watch auction market in Geneva, achieving a total of CHF55,548,348 /$55,540,232 / Euro56,302,789 / HK$433,841,034 across the two sales.
The week started with Legendary and Unique Watches, a white glove sale, followed by the Rare Watches auction where 238 lots out of 239 lots found a new owner. The two watch auctions, held on 6 and 7 November at Geneva’s Four Seasons Hotel des Bergues, attracted 40% new bidders, with a record attendance online as well as live in-room participation.
Christie’s outstanding result demonstrates the savoir-faire of its young and dynamic team bringing to auction one of the most important private collections (Legendary and Unique Watches) and horology masterpieces, contested by bidders from 46 countries. Incredible results were achieved, including for lot 34, Patek Philippe reference 5711/1A-018, additionally signed Tiffany & Co., selling above estimate for CHF3,174,000 (against a retail price of USD52,000).
Remi Guillemin, Head of Christie’s Geneva Watch department commented: ”Holding two high calibre auctions with incredible sell through rates of 100% and 99% within 24 hours is an unseen moment in watch auction history. Our gratitude goes to our worldwide collectors, confirming Christie’s Geneva as a special place for Rolex and masterpieces.”
Please see the full press release for further details.
