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.”
Please click here for full results.
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. In recent years, Christie’s has achieved the world record price for an artwork at auction (Leonardo da Vinci’s Salvador Mundi, 2017), for a single collection sale (the Collection of Peggy and David Rockefeller, 2018), 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 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.