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RESULTS: CHRISTIE’S HONG KONG SALE OF IMPORTANT WATCHES REALISES HK$186,337,375 (US$24,167,957)

Hong Kong

Important Watches

Hong Kong – 28 November 2012 (Wednesday) – Sale no: 2969 – Top Ten

[All sold prices include buyer’s premium]

 

Sold:   HK$  186,337,375

US$ 24,167,957

£  15,167,862

€  18,782,807

Lots Sold: 498

Lots Offered: 547

Sold by Lot: 91%

Sold by HK$: 92 %

Exchange Rate: HK$1 = US$ 0.1297 / £ 0.0814 / € 0.1008

 

Lot

Description

Estimate (HK$)

Purchase Price

Buyer

2952

Patek Philippe, Ref. 990/1

An exceptional, highly important and extremely rare 18K gold double dial clock watch with 21 complications, including Westminster chimes, minute repeating, power reserve indicator for movement and chime, perpetual calendar, leap year cycle, sunrise and sunset, running equation of time, sky chart, time of meridian passage by Sirius, Lunar Orbit, time of meridian passage by the moon, twenty four hours and rapid calendar correction, “Star Calibre 2000”

Circa 2008

18,000,000 – 32,000,000

HK$ 25,300,000

US$  3,281,410

£   2,059,420

€   2,550,240

Anonymous

2748

Patek Philippe, Ref. 5002

A highly important and extremely rare platinum double dialed wristwatch with twelve complications including minute repeater, tourbillon, perpetual calendar, retrograde date, sky chart, moon phases, orbit display and siderealtime, with original certificate

Manufactured in 2003

7,200,000 – 12,000,000

HK$ 7,820,000

US$ 1,014,254

£ 636,548

€ 788,256

Asian Private

2759

Patek Philippe, Ref. 5104

An exceptional and very rare platinum and 18K pink gold automatic semi-skeletonized minute repeating wristwatch with retrograde date, day, month, moon phases and leap year indication

Manufactured in 2010

4,100,000 – 6,000,000

HK$ 4,820,000

US$ 625,154

£ 392,348

€ 485,856

Asian Collector

2687

Patek Philippe, Ref. 3939

A rare, important and possibly unique platinum minute repeating tourbillon wristwatch with mother-of-pearl dial

Circa 2011

2,800,000 – 4,400,000

 

HK$ 4,460,000

US$ 578,462

£ 363,044

€ 449,568

Asian Collector

2747

Patek Philippe, Ref. 5016

An extremely rare and highly important platinum perpetual calendar minute repeating tourbillon wristwatch with retrograde date, moon phases and leap year indication

Manufactured in 1999

3,200,000 – 4,800,000

HK$ 4,220,000

US$ 547,334

£  343,508

€  1,034,990

Asian Private

2840

Patek Philippe, Ref. 5004

A very rare platinum perpetual calendar split seconds chronograph wristwatch with unusual blue tachymetre dial, moon phases and leap year indication

Circa 2009

2,500,000 – 4,000,000

HK$ 4,220,000

US$ 547,334

£  343,508

€  1,034,990

Asian Private

2908

Patek Philippe, Ref. 5016

An extremely rare and highly important 18K gold perpetual calendar minute repeating tourbillon wristwatch with ruby-set numerals, retrograde date, moon phases and leap year indication

Circa 2010

3,200,000 – 4,800,000

HK$ 4,100,000

US$ 531,770

£  333,740

€  413,280

Asian Private

2758

Patek Philippe, Ref. 5079

A very rare and large 18K gold limited edition automatic minute repeating wristwatch with black dial and cathedral gongs, one of ten pieces made for the 50th anniversary for George Pragnell Ltd in 2004

Manufactured in 2004

2,500,000 – 3,500,000

HK$ 3,620,000

US$  469,514

£  294,668

€  364,896

Asian Collector

2930

Patek Philippe, Ref. 5004

A very rare 18K pink gold perpetual calendar split seconds chronograph wristwatch with unusual black tachymetre dial, moon phases and leap year indication

Circa 2009

1,800,000-2,400,000

HK$  3,380,000

US$  438,386

£  275,132

€  340,704

Asian Collector

2866

Patek Philippe, Ref. 5004

A very rare 18K white gold perpetual calendar split seconds chronograph wristwatch with unusual salmon tachymetre dial, moon phases and leap year indication

Circa 2009

2,100,000-2,800,000

HK$  3,260,000

US$  422,822

£  265,364

€  328,608

Asian Collector

 

Hong Kong – On Wednesday, November 28, 2012, the sale of Important Watches realised HK$186,337,375 (US$24,167,957) and sold 91% by lot and 92% by value.

 

Sam Hines, Head of the Watches Department, Asia, said, “Building on the success of our spring auction, our record-breaking autumn sale of Important Watches marks the end to the strongest year in the history of the department at Christie’s Hong Kong. Works by Patek Philippe underscored the diverse selection on offer, characterized by excellence in craftsmanship. The Star Calibre 2000 realised HK$25,300,000 (US$3,281,410) becoming the most valuable watch sold in Asia, and the set of four Reference 5004 with unusual dial and case combinations fetched HK$13,760,000 (US$1,784,672), breaking the world record price for each type of case version. Our 92% sold through rate confirms the strength of the market in Asia for collectible timepieces.”

 

Images & top ten results can be downloaded here:

http://cshk.myftp.org/2012%20Fall%20Christie's%20Hong%20Kong%20Auctions/WTC/Results/

To view the full auction results:

http://www.christies.com/lotfinder/salebrowse.aspx?intSaleid=23896&viewType=list

 

About Christie’s

Christie’s, the world's leading art business, had global auction, private and digital sales in 2018 that totalled £5.3 billion / $7 billion. Christie’s is a name and place that speaks of extraordinary art, unparalleled service and international expertise. Christie’s offers around 350 auctions annually in over 80 categories, including all areas of fine and decorative arts, jewellery, photographs, collectibles, wine, and more. Prices range from $200 to over $100 million. Christie's also has a long and successful history conducting private sales for its clients in all categories, with emphasis on Post-War & Contemporary, Impressionist & Modern, Old Masters and Jewellery.

Alongside regular sales online, Christie’s has a global presence in 46 countries, with 10 salerooms around the world including in London, New York, Paris, Geneva, Milan, Amsterdam, Dubai, Zürich, Hong Kong, and Shanghai.

*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 and are reported net of applicable fees.