Back
  • Press release
  • |
  • Hong Kong
  • |
  • For immediate release
  • |
  • 25 May 2022

Christie’s Hong Kong Watches Spring Auctions

Realised a Combined Sale Total of HK$299,004,780/ US$38,269,921

Higest Ever Sale Total for the Category at Christie's Asia

96% Sold by Lot | Hammer Price 139% Above Total Low Estimate

Almost 40% of Lots Surpassed Pre-Sale High Estimates

21 World Auction Records for References Across Both Sales
Including Patek Philippe References: 5002R, 605HU, 5976/1G , 5016P-018, 5275P,
and Exceptionally Rare Models of F.P. Journe, A. Lange & Söhne, and Cartier

The Champion Collection Part III: The Artistry of Complications 100% Sold
Sale Total: HK$156,889,860/ US$20,080,490
161% Hammer Above Low Estimate
Running Total for the Collection’s Auction Series: HK$216,957,870/ US$27,778,222

Important Watches and The Rise of The Independent Watchmakers,
Featuring The Kairos Collection Part II
Sale Total: HK$142,114,923/ US$18,189,431
94% Sold by Lot | 120% Hammer above Low Estimate

The Kairos Collection 100% Sold
Sale Total: HK$25,552,800/ US$3,270,528
Running Total for the Collection’s Auction Series: HK$62,404,302/ US$7,989,941

Top Lot of the Sales
Lot 2273 – PATEK PHILIPPE.
A MAGNIFICENT, EXTREMELY RARE AND HIGHLY COMPLICATED 18K PINK GOLD DOUBLE-DIAL WRISTWATCH WITH TWELVE COMPLICATIONS INCLUDING "CATHEDRAL" MINUTE REPEATING, TOURBILLON, PERPETUAL CALENDAR WITH RETROGRADE DATE, MOON AGE AND ANGULAR MOTION, SIDEREAL TIME AND SKY CHART
SKY MOON TOURBILLON MODEL, REF. 5002R, CIRCA 2010

World Auction Record for the Reference
Price realised: HK$24,450,000/ US$3,129,380
More than doubling its pre-sale low estimate of HK$10,000,000/ US$1,279,910

Hong Kong – On 24 May, Christie’s Watches held two live auctions, including the white-glove sale of “The Champion Collection Part III: The Artistry of Complications”, and “Important Watches and The Rise of The Independent Watchmakers, Featuring The Kairos Collection Part II”, realising a historic sale total of HK$299,004,780/ US$38,269,921 and 139% hammer above low estimate. The sales saw strong global participation from 20 countries across 4 continents.

Top lot of each sale set world auction record for the reference:The Champion Collection Part III: The Artistry of ComplicationsLot 2273PATEK PHILIPPE.A MAGNIFICENT, EXTREMELY RARE AND HIGHLY COMPLICATED 18K PINK GOLD DOUBLE-DIAL WRISTWATCH WITH TWELVE COMPLICATIONS INCLUDING

Top lot of each sale set world auction record for the reference:

The Champion Collection Part III: The Artistry of Complications

Lot 2273
PATEK PHILIPPE.
A MAGNIFICENT, EXTREMELY RARE AND HIGHLY COMPLICATED 18K PINK GOLD DOUBLE-DIAL WRISTWATCH WITH TWELVE COMPLICATIONS INCLUDING "CATHEDRAL" MINUTE REPEATING, TOURBILLON, PERPETUAL CALENDAR WITH RETROGRADE DATE, MOON AGE AND ANGULAR MOTION, SIDEREAL TIME AND SKY CHART
SKY MOON TOURBILLON MODEL, REF. 5002R, CIRCA 2010

Price realised: HK$24,450,000/ US$3,129,380
More than doubling its pre-sale low estimate of HK$10,000,000/ US$1,279,910

Top lot of each sale set world auction record for the reference:Important Watches and The Rise of The Independent Watchmakers,Featuring The Kairos Collection Part IILot 2443PATEK PHILIPPE.A MAGNIFICENT AND EXTREMELY RARE 18K GOLD WORLD TIME POCKET WATCH WITH WORLD MAPCLOISONNÉ ENAMEL DIAL,REF. 605HU, MANUFACTURED IN 1948Price realised: HK$16,050,000/ US$2,054,256Pre-sale low estimate: HK$5,000,000/ US$639,955

Top lot of each sale set world auction record for the reference:

Important Watches and The Rise of The Independent Watchmakers, Featuring The Kairos Collection Part II

Lot 2443
PATEK PHILIPPE.
A MAGNIFICENT AND EXTREMELY RARE 18K GOLD WORLD TIME POCKET WATCH WITH WORLD MAP
CLOISONNÉ ENAMEL DIAL,
REF. 605HU, MANUFACTURED IN 1948 

Price realised: HK$16,050,000/ US$2,054,256
Pre-sale low estimate: HK$5,000,000/ US$639,955

Alexandre Bigler, Vice President and Head of Watches, Christie’s Asia Pacific, commented, “This season, we are ecstatic to reach new heights and also continue our remarkable success in offering single-owner collections of the rarest and most in-demand timepieces. Contemporary designs sold particularly well, and our diverse array of horological rarities ranging from industry legends such as Patek Philippe and Audemars Piguet, to high-end independent watchmakers such as Greubel Forsey and F.P. Journe, reaffirm Christie’s as the preeminent destination for watch auctions. We hope to see this enthusiasm from the market extend to our upcoming online auction to take place from 2 – 17 June, and also the live auction featuring Part III of The Kairos Collection, to be held in New York from 8 – 9 June.”

Sale Highlights of “The Champion Collection Part III: The Artistry of Complications”:

All lots in this sale found buyers, with almost 1/3 of lots sold above high estimates.

12 world auction records for the references were set in the sale, including Patek Philippe Ref. 5002R, 5016P-018, 5275P,  5074J, 5271/11P-001, 5971P, 5020J-016, 5071G, 5059G-018, 5976/1G, 5167/300 G-010, 5167A-010.

Patek Philippe horological treasures sparked fierce competition, with a wide variety of lots sold multiple times above estimates, including:

Lot 2228PATEK PHILIPPE.A RARE 18K WHITE GOLD AND DIAMOND-SET LIMITED EDITION AUTOMATIC CHRONOGRAPH WRISTWATCH WITH DATE AND BRACELET, CELEBRATING THE 40TH ANNIVERSARY OF THE NAUTILUS COLLECTION,NAUTILUS MODEL, REF. 5976/1G, CIRCA 2017Price realised:HK$7,560,000/ US$967,612Pre-sale low estimate:HK$2,400,000/ US$307,178

Lot 2228

PATEK PHILIPPE.

A RARE 18K WHITE GOLD AND DIAMOND-SET LIMITED EDITION AUTOMATIC CHRONOGRAPH WRISTWATCH WITH DATE AND BRACELET, CELEBRATING THE 40TH ANNIVERSARY OF THE NAUTILUS COLLECTION,
NAUTILUS MODEL, REF. 5976/1G, CIRCA 2017

Price realised:
HK$7,560,000/ US$967,612

Pre-sale low estimate: 
HK$2,400,000/ US$307,178

Lot 2272PATEK PHILIPPE.AN EXTREMELY RARE AND IMPORTANT PLATINUMMINUTE REPEATING PERPETUAL CALENDAR WRISTWATCH WITH TOURBILLON, RETROGRADE DATE, MOON PHASES,LEAP YEAR INDICATION ANDBLACK DIAL WITHBREGUET NUMERALS,REF. 5016P-018, CIRCA 2011Price realised:HK$7,560,000/ US$967,612Pre-sale low estimate:HK$3,000,000/ US$383,973

Lot 2272

PATEK PHILIPPE.

AN EXTREMELY RARE AND IMPORTANT PLATINUM

MINUTE REPEATING PERPETUAL CALENDAR WRISTWATCH WITH TOURBILLON, RETROGRADE DATE, MOON PHASES,

LEAP YEAR INDICATION AND

BLACK DIAL WITH

BREGUET NUMERALS,

REF. 5016P-018, CIRCA 2011

 

Price realised:

HK$7,560,000/ US$967,612

Pre-sale low estimate:

HK$3,000,000/ US$383,973

Limited edition and rare timepieces by other celebrated brands including Greubel Forsey, Vacheron Constantin, and Audemars Piguet also achieved outstanding prices:

Lot 2219GREUBEL FORSEY.AN EXTREMELY RARE AND MAGNIFICENT PLATINUM LIMITED EDITION ASYMMETRICAL WRISTWATCHWITH DIFFERENTIAL QUADRUPLE TOURBILLON AND POWER RESERVE,INVENTION PIECE 2 MODEL, NO. 1/11Price realised:HK$4,032,000/ US$516,060Pre-sale low estimate:HK$2,200,000/ US$281,580

Lot 2219

GREUBEL FORSEY.

AN EXTREMELY RARE AND MAGNIFICENT PLATINUM LIMITED EDITION ASYMMETRICAL WRISTWATCH

WITH DIFFERENTIAL QUADRUPLE TOURBILLON AND POWER RESERVE,

INVENTION PIECE 2 MODEL, NO. 1/11 

Price realised:

HK$4,032,000/ US$516,060

Pre-sale low estimate:

HK$2,200,000/ US$281,580

Lot 2212VACHERON CONSTANTIN.AN EXTREMELY RARE AND EXCEPTIONAL LIMITED EDITION PLATINUM SKELETONISED MINUTE REPEATING WRISTWATCH,REF. 30030/000P, CIRCA 2006Price realised:HK$2,520,000/ US$322,537Pre-sale low estimate:HK$ 1,000,000/ US$127,991

Lot 2212

VACHERON CONSTANTIN.

AN EXTREMELY RARE AND EXCEPTIONAL LIMITED EDITION PLATINUM SKELETONISED MINUTE REPEATING WRISTWATCH,

REF. 30030/000P, CIRCA 2006

Price realised:

HK$2,520,000/ US$322,537

Pre-sale low estimate:

HK$ 1,000,000/ US$127,991

Sale Highlights of “Important Watches and The Rise of The Independent Watchmakers, Featuring The Kairos Collection Part II”:

42% of lots sold above high estimates, with 9 world auction records for the references established, including Patek Philippe Ref. 605HU, 1415; F.P. Journe NO. 01/10-T10, Sonnerie Souveraine Model; A. Lange & Söhne Ref. 405.836, 310.836, 320.836; Cartier – a platinum and diamond-set limited edition Crash Model, and a rare 18K white gold and diamond-set limited edition Crash Model made for the re-opening of the Paris boutique.

In addition to the top lot of this sale, Lot 2443 - Patek Philippe 605 Heures Universelles, other top-performing extraordinary timepieces include:

Lot 2426PATEK PHILIPPE.A RARE PLATINUM AUTOMATIC “CATHEDRAL” MINUTE REPEATING PERPETUAL CALENDAR WRISTWATCH WITH MOON PHASES, 24 HOUR AND LEAP YEAR INDICATION,REF. 5074P, CIRCA 2011Price realised:HK$6,930,000/ US$886,978Pre-sale low estimate:HK$4,400,000/ US$563,160

Lot 2426

PATEK PHILIPPE.

A RARE PLATINUM AUTOMATIC “CATHEDRAL” MINUTE REPEATING PERPETUAL CALENDAR WRISTWATCH WITH MOON PHASES, 24 HOUR AND LEAP YEAR INDICATION,

REF. 5074P, CIRCA 2011 

Price realised:

HK$6,930,000/ US$886,978

Pre-sale low estimate:

HK$4,400,000/  US$563,160

Lot 2423PATEK PHILIPPE.A PLATINUM PERPETUAL CALENDAR SPLIT SECONDS CHRONOGRAPH WRISTWATCH WITH MOON PHASES,24 HOUR AND LEAP YEAR INDICATION,REF. 5004P, CIRCA 2003Price realised:HK$3,528,000/ US$451,552Pre-sale low estimate:HK$1,700,000/ US$217,585

Lot 2423

PATEK PHILIPPE.

A PLATINUM PERPETUAL CALENDAR SPLIT SECONDS CHRONOGRAPH WRISTWATCH WITH MOON PHASES,

24 HOUR AND LEAP YEAR INDICATION,

REF. 5004P, CIRCA 2003

Price realised:

HK$3,528,000/ US$451,552

Pre-sale low estimate:

HK$1,700,000/ US$217,585

Demand for F.P. Journe wristwatches continue to soar, highlighted by:Lot 2382AN EXTREMLEY RARE AND IMPORTANT PLATINUM LIMITED EDITION TOURBILLON WRISTWATCH, CELEBRATINGTHE 10TH ANNIVERSARY OF THE FIRST F.P. JOURNE BOUTIQUE IN TOKYO,T10 ANNIVERSARY TOURBILLON MODEL, NO. 01/10-T10, CIRCA 2014Price realised:HK$11,730,000/ US$1,501,334Pre-sale low estimte:HK$6,500,000/ US$831,942

Demand for F.P. Journe wristwatches continue to soar, highlighted by:

Lot 2382

AN EXTREMLEY RARE AND IMPORTANT PLATINUM LIMITED EDITION TOURBILLON WRISTWATCH, CELEBRATING

THE 10TH ANNIVERSARY OF THE FIRST F.P. JOURNE BOUTIQUE IN TOKYO,

T10 ANNIVERSARY TOURBILLON MODEL, NO. 01/10-T10, CIRCA 2014 

Price realised:

HK$11,730,000/ US$1,501,334

Pre-sale low estimte:

HK$6,500,000/ US$831,942

All Patek Philippe contemporary masterpieces from The Kairos Collection Part II found buyers, including the following highlights:Lot 2412PATEK PHILIPPE.A RARE PLATINUM CUSHION-SHAPED PERPETUAL CALENDAR SINGLE BUTTON SPLIT SECONDS CHRONOGRAPH WRISTWATCH WITH MOON PHASES, DAY/NIGHT, LEAP YEAR INDICATION AND LACQUERED WHITE DIAL WITH BLACK BREGUET NUMERALS,REF. 5951P-012, CIRCA 2015Price realised:HK$2,772,000/ US$354,791Pre-sale low estimate:HK$1,600,000/ / US$204,786

 All Patek Philippe contemporary masterpieces from The Kairos Collection Part II found buyers, including the following highlights:

Lot 2412

PATEK PHILIPPE.

A RARE PLATINUM CUSHION-SHAPED PERPETUAL CALENDAR SINGLE BUTTON SPLIT SECONDS CHRONOGRAPH WRISTWATCH WITH MOON PHASES, DAY/NIGHT, LEAP YEAR INDICATION AND LACQUERED WHITE DIAL WITH BLACK BREGUET NUMERALS,

REF. 5951P-012, CIRCA 2015

 

Price realised:

HK$2,772,000/ US$354,791

Pre-sale low estimate:

HK$1,600,000/ / US$204,786

About Christie’s

Founded in 1766, Christie’s is a world-leading art and luxury business. Renowned and trusted for its expert live and online auctions, as well as its bespoke private sales, Christie’s offers a full portfolio of global services to its clients, including art appraisal, art financing, international real estate and education. Christie’s has a physical presence in 46 countries, throughout the Americas, Europe, Middle East, and Asia Pacific, with flagship international sales hubs in New York, London, Hong Kong, Paris and Geneva. It also is the only international auction house authorized to hold sales in mainland China (Shanghai).

Christie’s auctions span more than 80 art and luxury categories, at price points ranging from $200 to over $100 million. In recent years, Christie’s has achieved the world record price for an artwork at auction (Leonardo da Vinci’s Salvator Mundi, 2017), for a 20th century artwork (Andy Warhol’s Shot Sage Blue Marilyn, 2022) and for a work by a living artist (Jeff Koons’ Rabbit, 2019). Christie's is also recognised as a reference for prestigious single owner collections, having auctioned 8 of the 10 most important collections in history.

Christie’s Private Sales offers a seamless service for buying and selling art, jewellery and watches outside of the auction calendar, working exclusively with Christie’s specialists at a client’s individual pace.

Recent innovations at Christie’s include the groundbreaking sale of the first NFT for a digital work of art ever offered at a major auction house (Beeple’s Everydays, March 2021), with the unprecedented acceptance of cryptocurrency as a means of payment. As an industry leader in digital innovation, Christie’s also continues to pioneer new technologies that are redefining the business of art, including use of hologram technology to tour life-size 3D objects around the world, and the the creation of viewing and bidding experiences that integrate augmented reality, global livestreaming, buy-now channels, and hybrid sales formats. 

Christie’s is dedicated to advancing responsible culture throughout its business and communities worldwide, including achieving sustainability through net zero carbon emissions by 2030, and actively using its platform in the art world to amplify under-represented voices and support positive change.

Browse, bid, discover, and join us for the best of art and luxury at: www.christies.com or by downloading Christie’s apps. The COVID-related re-opening status of our global locations is available here.