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  • 28 November 2016

RESULTS: Important Watches including Nautilus 40 Part III totalled HK$95,240,000 / US$12,332,881

Hong Kong – On 28 November, Important Watches including Nautilus 40 Part III realized HK$95,240,000/US$12,332,881, with robust sell-through rates both by lot and by value.

The top lot of the sale was a magnificent, extremely fine and possibly unique 18K gold, diamond, yellow diamond, ruby, emerald, sapphire, mother-of-pearl and onyx-set pendule à cercle tournant mantel clock, 1990’s, by Cartier, which realized HK$5,820,000 / US$753,648, more than 3 times the low estimate of HK$1,600,000/US$207,188.

The auction debut of Simplicity by Philippe Dufour, an 18K white gold wristwatch, circa 2003, attracted fierce bidding from 7 countries, and realized HK$1,980,000 / US$256,396, doubling its low estimate of HK$800,000/US$103,594.

The Patek Philippe ref. 3843/1, a unique 18K white gold triangular bracelet watch with 13.43 carats portrait diamond crystal, manufactured in 1991, after an intense bidding competition between two telephones, realized HK$3,480,000 / US$450,635.

To celebrate the 40th anniversary of the Patek Philippe Nautilus, a selection of 10 examples of the Nautilus were offered in Hong Kong, following the celebratory auctions held in Dubai and Geneva. The top lot in this section was an 18K white gold, diamond and sapphire set automatic wristwatch with sweep centre seconds, date and bracelet, ref. 3800/108, manufactured in 1987, which realized HK$1,062,500 / US$137,586.

Mary Lee, Vice President, Senior Specialist, Head of Sale, commented, “On the auspicious occasion of Christie’s 250th anniversary, we are delighted with the robust results of today’s watch sale which demonstrate a deep level of interest from clients, with enthusiastic bidding in the room, on the telephone, via absentee bids and through Christie’s LIVE. The solid sell-through rate across a wide variety of lots indicates the depth and breadth of our global market and client base, whether it be complicated or simple, vintage or modern. The auction showed particularly strong demand for rare and unusual pieces as well as iconic examples from the world’s most renowned watch manufacturers, demonstrating that the demand for top quality timepieces is deep and strong.”

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