• Press release
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  • Geneva
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  • For immediate release
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  • 14 November 2016

 RESULTS: Rare Watches and Finest and Rarest Wine, 11 and 14 November

THE NEWS SO FAR FROM GENEVA

RARE WATCHES & FINEST AND RAREST WINES

11-14 NOVEMBER 2016

Sale Total WATCHES CHF 14,702,500 / $14,864,227

SALE TOTAL WINE CHF3,785,592 / $3,853,082

Picture captions from left to right:

Patek Philippe Nautilus 40. A possibly unique platinum and diamond automatic wristwatch, reference 3700/031, manufactured in 1982. Sold for CHF631,500/$638,446. Pétrus 1945, Pomerol, Cru Exceptionel, 8 bottles per lot. Sold for CHF70,500 / $71,757. Patek Philippe, “Sky Moon Tourbillon, A platinum double-dial wristwatch with 12 complications, reference 5002P, manufactured in 2010. Sold for CHF1,147,000 / $1,159,617.

Geneva – The Autumn Geneva season reports strong auction results for today’s Rare Watches including Nautilus 40 Part II sale as well as for Finest and Rarest Wines auctions, which took already place on Friday, 11 November. The Magnificent Jewels auction will take place tomorrow, Tuesday 15 November at a new time, precisely at 5.00pm.

RARE WATCHES

Sale total: CHF14,702,500 / $14,864,227

“Christie’s welcomed collectors from across the world for its autumn auction of Rare Watches including Nautilus 40 Part II. Bids were received from a dynamic room, a very active internet participation and busy phone lines. The sale result of CHF 14.7 million reflects very well the state of the international watch market, searching for exceptional, fresh to the market watches, consigned by private individuals. The international community of watch collectors was also strongly bidding for exceptional pocket watches, as per example lot 143 (see top ten) or lot 207, an early and possibly unique 18k “Cabriolet” key wound lever pocket chronometer by Patek Philippe, offered for CHF10,000-15,000 and selling for 20 times its high estimate for CHF259,000 . The second offering of the Patek Philippe Nautilus 40 celebration section was strongly sought after with exceptional results achieved for lot 318, ref 3700/1G, doubling its pre-sale estimate and lot 322, ref3700/031 achieving the second highest price in the auction. We are looking forward to our next Important Watches including Nautilus 40 Part III auction in Hong Kong on 28 November”, commented Thomas Perazzi, Head of the Geneva Watch department and auctioneer.

FINEST AND RAREST WINES

Sale total: CHF3,785,592 / $3,853,082

“Christie’s Geneva autumn wine sale represents the highest sale total for any Christie’s wine auction to date in 2016, alongside some very strong sell through rate at   98% sold by value and 94% by lot. This result also represents a strong welcome back to Geneva and a sign that the concept of offering a taste around the world, Pétrus, Lafite, Latour and DRC, combined with a focus on Chartreuse and 19th century Madeira, proved to catch the interest of a wider client base. Recent auctions in London and the specific online-only sales for the category have also performed very strongly, a fantastic way to start the celebration into 50 years of stand-alone wine auctions, starting this December.”

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.