On Wednesday, May 29, 2013, the sale of Important Watches achieved HK$153,221,750 (US$19,826,894) and sold 93% by lot and 95% by value.
Sam Hines, Head of the Watches Department, Asia, said, “The blockbuster sale of Important Watches achieved over HK$150million/US$19.8million and is the highest sale total for any various owner watch auction held this season anywhere in Asia. This result with an unmatched sold rate of nearly 95% reflects the uncompromising approach of Christie’s watch department when it comes to selecting and estimating watches in the most rigorous manner. The international audience reacted with fierce bidding on the world’s most sought after blue chip manufacturers such as Patek Philippe and Rolex, breaking several world records. Most notably, the set of special dialled references 5004 soared to a record level of over HK$15million/US$1.9million.
Other highlights of the sale were history writing results for independent makers such Kari Voutilainen, MB&F, Urban Jürgensen, Greubel Forsey, Laurent Ferrier and FP Journe to name just a few. The John Stainton collection of enamelled form watches attracted international bidding and achieved over HK$6million/US$777,000, more than doubling its estimate. These results and the success of the Important Watches sale in Geneva, confirm the continued international market leadership of Christie’s in the arena of watch auctions.
We are looking forward to the upcoming New York sale on June 11, which includes the recently rediscovered and historically important S. Palmer ‘Grand Complication’ by Patek Philippe.”