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Christie’s Hong Kong Poised to Set New Records in May

Jewellery, Watches & Handbags
4 April 2023
Christie’s Hong Kong Poised to Set New Records in May

 Hong Kong Convention and Exhibition Centre, 26 May 2023

Live Auction The Ultimate Collection - Single Owner | 107 lots | low estimate HK$ 90 million

Live Auction Important Watches - Various Owners | 165 lots | low estimate HK$ 188 million

 

After the record breaking sale of a Patek Philippe ‘Sky Moon Tourbillon’ at HK$ 45.5 million in March – the most valuable timepiece sold online globally – Christie's Hong Kong is preparing to engage the watch world again with two live auctions in May

 

With a combined low estimate exceeding HK$ 270 million, the highest low estimate to date for the category at Christie's in Asia, a testament to the selection on offer

 

The highlight of the Important Watches auction, the Patek Philippe Ref. 2523J ‘Dual Crown World Time’ (low estimate HK$ 55 million), is a horological masterpiece, with the potential to become the most expensive wristwatch sold at Christie's in Asia

Single Owner Live Auction: The Ultimate Collection 

Various Owners Live Auction: Important Watches

Hong Kong – Christie's Hong Kong is set to make horological history once more with two live sales on 26 May at the Hong Kong Convention and Exhibition Centre. The Ultimate Collection sale will present a comprehensive selection of both contemporary and vintage pieces, featuring a number of elusive "double seal" and "special dial" lots by Patek Philippe, as well as highly desirable commissioned pieces by F.P. Journe. With Rolex recently unveiling new Daytona models at the Watches and Wonders trade show in Geneva to celebrate the 60th anniversary of this legendary watch model, there will also be a rare opportunity for collectors to acquire sought-after, discontinued Daytona references, ranging from the Ref. 116500LN to the vintage Ref. 6264 Paul Newman.

The Important Watches sale features an array of extremely limited "special dial" Patek Philippe references, including highly sought-after blue-chip models such as Ref. 3970S and Ref. 5970. Most notably, this auction presents the most valuable timepiece ever to be offered in Christie's Hong Kong auction room: a Patek Philippe Ref. 2523J ‘Dual Crown World Time’ with a map of North America depicted on its cloisonné enamel dial (Est: HK$55 million-120 million).

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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.

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