Luxury - Winter 2022
Event location Worldwide
Luxury sales at Christie’s achieve a combined total of US$369 million / £310 million across auctions in Geneva, New York, Hong Kong, London, and online for the second half of 2022.
We saw strong demand for coloured diamonds in the market, leading excellent jewellery results. This was highlighted by The Fortune Pink at CHF 28,436,500, a Fancy Blue, potentially Internally Flawless diamond at US$11,840,000 and a Fancy Vivid Yellow diamond from the collection of Rosamund Kwan that sold for HK$20,850,000. Online jewellery sales achieved dazzling results globally, in Paris the Joaillerie online auction achieved a remarkable €7,850,006, exemplary of the market demand for antique and contemporary jewellers such as JAR, Cartier and Van Cleef & Arpels.
Christie’s continues to be the global destination for watches, totalling CHF 55,548,348 across two live auctions, led by The Legend — a Rolex Daytona with a Paul Newman dial — that fetched CHF 3,414,000. Strong market appetite for extremely rare and unique timepieces bolstered strong watches results globally. In Geneva, Legendary and Unique Watches was a ‘white glove’ sale — 100% of the fresh-to-market watches offered found their new owner that November evening. Single-owner collections achieved exceptional results reaffirming the allure of great taste, including a collection of Patek Philippe references retailed by Tiffany & Co. as part of the Important Watches sale in New York.
This was an incredible season and record year for wines, especially examples from iconic single-owner cellars, including Domaine Ponsot, totalling CHF 1,345,375 and sold 100% of lots, as well as part II of Joseph Lau’s collection, realising a total of HK$61,811,250. Additionally, anniversary offerings from Ridge Vineyards and Champagne Phillipponnat were both 100% sold during the Finest and Rarest Wines Sale in London this December, with millennials accounting for 46% of new registrants.
Special limited-edition designs by Hermès achieved excellent results, including the Faubourg Sellier Birkin at HK$2,520,000 and the Black Feathers So Black Sellier Kelly at €277,200. Handbags and Accessories in Hong Kong achieved a sale total of HK$5,901,807, with a hammer price of 107% over low estimate, upholding Christie’s worldwide auction market leadership in offering the most coveted handbags and accessories. Great success for the new department of Sneakers, Streetwear and Collectibles, as The Greats totalled US$886,500 in New York.
Following these amazing results we are now inviting consignments to our upcoming Luxury auctions. Please don’t hesitate to contact us to arrange an appointment or a complimentary and confidential valuation.