• 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

Christie’s is a name and place that speaks of extraordinary art, unparalleled service and international expertise. Founded in 1766 by James Christie, Christie's has conducted the greatest and most celebrated auctions through the centuries providing a popular showcase for the unique and the beautiful. 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 clients and online sales are offered year-round across all categories. Christie’s global presence is spread across a network of international salerooms and 61 representatives and offices. Christies.com provides detailed articles and videos on the objects offered for sale alongside the latest advances in digital viewing tools to make Christie’s accessible to all.

*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.