SECURING MARKET LEADERSHIP IN ASIA

Live Auction Total: HK$377,968,950 / US$48,483,740

110% Hammer Above Low Estimate

11 Auction Records Achieved for References

Led by

The Masterpiece Auction II From The Triazza Collection

Patek Philippe Ref. 2523J ‘Dual Crown World Time’

Totalled: HK$66,625,000 / US$8,546,282

Outstanding Results for Esteemed Single-Owner Collections

Important Watches - Featuring The Triazza Collection Part II

Sale Total: HK$184,625,750 / US$23,682,757

111% Hammer Above Low Estimate

Triazza Collection Parts I and II 100% Sold and Totalled HK$88,045,000 / US$11,293,920

The Ultimate Collection

Sale Total: HK$126,718,200 / US$16,254,701

113% Hammer Above Low Estimate

Hong Kong – This spring season, Christie’s Watches made history with three live auctions, “Important Watches — Featuring The Triazza Collection Part II” and “The Ultimate Collection” on 26 May, followed by “The Masterpiece Auction II From The Triazza Collection” on 28 May, driving the first half sale total for 2023 to HK$443,780,550 / US$56,925,684, the highest ever for the category at Christie’s Asia. An exceptional and historically important Patek Philippe Ref. 2523J ‘Dual Crown World Time’ broke the record for the reference when it reached HK$66,625,000 / US$8,546,282 in a standalone evening auction. Strong participation from 31 countries across 4 continents across the auctions confirms Hong Kong’s status as a powerful global collecting hub for watches. The category remains a gateway to Christie’s for younger collectors, with millennials comprising almost 40% of all the new buyers.

Alexandre Bigler, Senior Vice President and Head of Watches, Christie’s Asia Pacific, commented, “It has been a momentous and market-leading year so far for Christie’s Watches in Asia. After breaking the global record back in March for the most valuable timepiece ever sold online, horological history was made yet again with the spectacular standalone sale of a Patek Philippe Ref. 2523J from the magnificent Triazza Collection, reaffirming Christie’s strength across both live and online watch auctions and in selling the most prestigious single-owner collections. The demand in Asia for rare and exceptional timepieces continues and we very much look forward to presenting more exquisite timepieces to global connoisseurs and enthusiasts throughout the rest of the year.”

The record-breaking single lot from The Masterpiece Auction II From The Triazza Collection:

Sale highlights of Important Watches - Featuring The Triazza Collection Part II:

In addition to the lot above, seven world auction records were set for the following references:  

Lot 2288 - F.P. JOURNE. Chronomètre à Résonance Model, Ruthenium Limited Edition of 99 Pieces

Lot 2289 - F.P. JOURNE. Tourbillon Souveraine Model, "China 2010” Limited To 5 Pieces

Lot 2301 - PATEK PHILIPPE. Ref. 879

Lot 2332 - PATEK PHILIPPE. Ref. 1595

Lot 2354 - PATEK PHILIPPE. Ref. 5970J-014, made for The Patek Philippe Watch Art Grand Exhibition London

Lot 2355 - PATEK PHILIPPE. Ref. 3670A-001

Lot 2360 – PATEK PHILIPPE. Sky Moon Tourbillon Model, Ref. 5002R-014

Sale Highlights of The Ultimate Collection:

World auction records were set for the following references:

Lot 2539 - F.P. JOURNE. Ice Blue Mother-Of-Pearl Dial Chronomètre à Résonance Model, 2019 Edition

Lot 2542 - F.P. JOURNE. Ruby Dial Tourbillon Souverain Model

Lot 2603 - PATEK PHILIPPE. Ref. 5270G-024

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