This March at Christie’s Dubai

Dubai | March 2019

Christie’s Dubai Sales concluded our 25th consecutive sale season in the region with a strong total of US$11,849,875. Fifteen new world auction records were set over the two auctions: Important Watches and Middle Eastern Modern & Contemporary Art. This spring, we recorded a healthy 18% of bidders new to Christie’s and approximately 70 lots – a quarter of the total offering – experienced online activity.

Our annual Important Watches auction totalled US$8,130,375 on 22 March, representing the highest sale total for any watch auction conducted in the Middle East, with four lots selling above US$500,000 and 13 lots over US$100,000. Lively bidding at the Jumeirah Emirates Towers Hotel saleroom saw a Patek Philippe 18k gold chronograph ref. 1463 R set a new world auction record for the reference. Three other fine Patek Philippe creations – a ref. 1491, a ref. 3589 and a ref. 9508 gold and enamel light – achieved record-breaking prices.

On 23 March, the Middle Eastern Modern & Contemporary Art auction achieved US$3,719,500, with excellent sell-through rates of 88% by lots and 94% by value. Auction records were established for artists from Lebanon, Palestine, Egypt, Syria and Iraq, reaffirming the continued appeal of Middle Eastern art to collectors around the globe.

Following these successes, Christie’s Dubai looks forward to holding regular events in our newly refurbished exhibition space in the Dubai International Financial Centre and hosting valuation days in Beirut in April. Please do not hesitate to contact us for more information on our upcoming events.


Highlights

  • Patek Phillipe. A unique and highly unusal 18k gold chronograph wristwatch with oversized register and scroll lugs

    Signed Patek Phillipe & Co., Geneve. ref 1491, movement no. 860'508, case. no. 627'201, movement manufactured in 1937, case in 1942
    Estimate
    $500,000 – $1,000,000
    Related Sale
    Important Watches, Dubai, 22 March 2019

  • Ramsès Younan
    (Egyptian, 1913-1966)

    Contre le mur
    signed with initials ‘RY’ (lower right);
    signed ‘Ramsès YOUNAN’ (on the stretcher)
    oil on canvas
    14 ½ x 18 ⅔ in. (37 x 47.4 cm.)
    Painted in 1944.
    Estimate
    $100,000 - $150,000
    Related Sale
    Middle Eastern Modern & Contemporary Art, Dubai, 23 March 2019

    Property from the Collection of the Artist’s Family

  • Patek Phillipe. An exceptionally fine and very rare 18k gold perpetual calendar chronograph wristwatch with moon phases

    Signed Patek Phillipe, Geneve, ref 2499J/HL, third 9series, movement no. 369'464, case no. 2'700'417, manufactured in 1976
    Estimate
    $450,000 – $550,000
    Related Sale
    Important Watches, Dubai, 22 March 2019

  • Marwan (Syrian, 1934-2016)

    Kopf
    signed and dated twice ‘MARWAN 78-80’ (on the stretcher and on the reverse)
    oil on canvas
    78 ¾ x 118 ⅛ in. (200 x 300 cm.)
    Painted in 1978-80.
    Estimate
    $200,000 - $300,000
    Related Sale
    Middle Eastern Modern & Contemporary Art, Dubai, 23 March 2019

  • Patek Phillipe. An extremely fine and extremely rare 18k pink gold chronograph wrist

    Retailed by Serpico Y Laino, Caracas, Venezuela, Ref. 1463, manufactured in 1950
    Estimate
    $550,000 – $850,000
    Related Sale
    Important Watches, Dubai, 22 March 2019

  • Nabil Nahas (Lebanese, b. 1940)

    UNTITLED #1
    signed and dated ‘NAHAS 79’ (on the reverse)
    acrylic on canvas
    22 ⅛ x 22 ⅛ in. (56.1 x 56.1 cm.)
    Painted in 1979
    Estimate
    $20,000 - $30,000
    Related Sale
    Middle Eastern Modern & Contemporary Art, Dubai, 23 March 2019

    Property from a Private Collector, New York

  • Rolex. A fine and extremely rare 14k yellow gold chronograph wristwatch with cherry logo and bracelet

    Signed Rolex, cosmograph, daytona, ref. 6241, case no. 2’084’258, circa 1964
    Estimate
    $380,000 – $580,000
    Related Sale
    Important Watches, Dubai, 22 March 2019


Tour information

SINGAPORE

Important Watches



  • Viewing

    26 - 27 February

  • Location

    501 Orchard Road
    #19-03 Wheelock Place
    Singapore 238880

  • Contacts

    Olivia Lock
    Olivialock@christies.com
    Tel: +65 6735 1766

BANGKOK

Important Watches



  • Viewing

    8 - 9 March

  • Location

    R9, 5th floor
    Renaissance Bangkok Ratchaprasong Hotel
    518/8 Ploenchit Road
    Bangkok 10330

  • Contacts

    Benjawan Uraipraivan
    buraipraivan@christies.com
    Tel: +66 (0) 2 252 3684