• Press release
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  • Hong Kong
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  • For immediate release
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  • 29 May 2017

RESULTS: Christie's HK Important Watches Spring Sale 2017 achieved HK$93,887,500/ US$12,107,239

Hong Kong – On 29 May, Christie’s Important Watches Spring Sale totaled HK$93,887,500/US$12,107,239, with robust sell-through rates both by lot and by value.

The top lot of the sale was Patek Philippe Ref. 5002P, a platinum double-dial wristwatch with twelve complications comprising minute repeater, tourbillon, perpetual calendar, retrograde date, sky chart, moon phases, orbit display and sidereal time, circa 2012, still in factory doubled sealed condition, achieving HK$8,820,000/US$1,137,380.

Another highlight which attracted high energy bidding in the room and on the phone was a Rolex stainless steel chronograph wristwatch with bracelet and “Paul Newman Panda Dial”, Paul Newman Panda Model, Ref. 6263, circa 1971, achieving HK$4,020,000/US$518,398, doubling its pre-sale low estimate of HK$1,500,000/US$193,432.

Mary Lee, Senior Vice President, Head of Watches, Asia, commented: “We are delighted with the enthusiastic results of today’s watch sale which was driven by active bidding in the room, on the phone and through Christie’s LIVE. Experienced connoisseurs and new collectors from over 21 countries acquired our carefully chosen timepieces, from modern independents to vintage, resulting in a strong sell-through rate across a wide spectrum of price points and brands.”

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. 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 20th century artwork (Andy Warhol’s Shot Sage Blue Marilyn2022), for a single charitable 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 use of hologram technology to tour life-size 3D objects around the world, and the 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.