POST SALE REPORT: NOVEMBER SALES at CHRISTIE’S GENEVA ACHIEVE +27% OVER NOVEMBER 2009

Geneva

RECORD PRICES FOR VINTAGE WRISTWATCHES 

NEW WORLD RECORD FOR A BOTTLE OF WINE AT AUCTION

JEWELLERY TOTAL +24% VS NOVEMBER 2009

Christie's, the world’s leading auctioneers, announce that their November auctions in Geneva achieved a combined total of SFr. 67,709,623 / US$ 68,466,156, more 27% over last autumn’s sales.

François Curiel, President of Christie's Switzerland : Selective buying, top prices for great jewels and works of art, 2010 has been a very positive year for the auction world and Christie's in particular. All areas achieved solid results, setting new world record prices for Patek Philippe vintage watches, wines and jewels”.

Important Watches including A Connoisseur’s Vision Part III
15 November 2010

Total:  SFr.21,595,200/ $21,832,747 - Sold by value: 97%

Aurel Bacs, International Head of the Watch Department:
Once again Christie's Watch Team orchestrated a blockbuster sale during the Geneva auction week outperforming expectations, achieving numerous records and selling nearly 97% by value for a total of more than $21.8 million. Ten different buyers coming from three different continents purchased the top ten lots and reaffirmed how the watch collector arena is truly international. Almost 800 watch lovers registered from all over the world and the participation of Asian collectors was very consistent, showing how fully integrated they are to the international market. A group of vintage Patek Philippe wristwatches from a Connoisseur’s Vision Part III realized an important combined total of $3.1 million adding up, together with part I and part II, to a new grand total of some $19 million and reaffirming that this is the most valuable private collection of wristwatches ever offered at auction. I was also thrilled with the enthusiastic bidding for the L.U.C Louis Ulysse - The Tribute model, the n.1 example of the limited edition of fine watches developed and offered by Chopard for the benefit of the Geneva Watch-Making School.

Top Lot of the November Watch Sale:
Patek Philippe. An exceptionally rare and highly important pink gold two crown world time wristwatch with 24 hour indication and blue enamel dial, retailed by Gobbi, Milan, Ref. 2523, manufactured in 1953.
Estimate: SFr.1,500,000-2,500,000 / US$1,500,000-2,500,000 / €1,100,000-1,900,000
Sold: SFr.2,675,000 / $2,704,425
WORLD AUCTION RECORD FOR THIS REFERENCE

COMBINED TOTAL MAY + NOVEMBER 2010 : SFr. 44,728,563 / $ 42,932,687

Fine Wines
16 November 2010

Total:  SFr. 6,028,398 / $ 6,040,454 / € 4,442,929 - Sold by value: 99% 

David Elswood, International Director of Wine in Europe and Asia:
We are extremely pleased to have established the world record price for any bottle of wine at auction, selling the unique imperial of Château Cheval Blanc 1947, endorsed and reconditioned at the Château in 2010, for $ 304,375.

We are also proud to announce that our first ever Evening Sale dedicated to the wines of Domaine de la Romanée-Conti achieved a combined total of over $ 2 million, setting many new impressive reference prices for vintages from 1937 to 2007. Buyers from 20 different countries registered for this memorable sale which totaled more than $ 6 million, selling over 99% by value.

Top Lot of the November Wine Sale:
Château Cheval-Blanc--Vintage 1947
1 imperial
Estimate: SFr. 150,000-250,000
Sold: SFr.298,500 / $ 299,097
WORLD AUCTION RECORD PRICE FOR A BOTTLE OF WINE

COMBINED TOTAL MAY + NOVEMBER 2010 : SFr. 8,134,175 / $ 7,940,707

Jewels : The Geneva Sale / 17 November 2010
Total:  SFr. 40,086,025 / US$ 40,366,627 - Sold by value: 78%

Jean-Marc Lunel, Head of the Jewellery Department at Christie's Geneva::
As always competition was strong for the best quality jewels and diamond prices maintained healthy levels as seen at sales worldwide. The top lot was an antique pear-shaped D, internally flawless Golconda diamond of 26.17 cts that sold for $3,483,213 ($133,000 per ct.) Two important early 20th century Indian head ornament “Sarpechs” created great interest respectively selling for $2,242,589 and $1,791,453, in excess of their top estimates, while a Lalique Art Nouveau necklace sold for $329,289 against an estimate of $60,000-80,000”.

Sales were also strong for coloured gemstones, notably the “Muzo emerald”, a highly transparent pure crystal of 9.27 cts, free of any form of enhancement from the renowned Colombian mines of Muzo, sold for $89,000 per carat”.

Top Lot of the November Jewellery Sale:
An antique pear-shaped D, internally flawless, type IIa Golconda diamond of 26.17 cts
Estimate: SFr. 3,000,000-5,000,000  
Sold: SFr. 3,459,000 / $ 3,483,213 or $133,000 per ct         

COMBINED TOTAL MAY + NOVEMBER 2010 : SFr. 77,714,713 / $ 74,330,280

 

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. Christie’s has sold 8 of the 10 most important single-owner collections in history, including the Paul G. Allen Collection—the most valuable collection ever offered at auction (November 2022). 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 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 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.