Christie’s Retains Number One Position in the Asia Market
Christie’s Hong Kong continues its undisputed leadership in the luxury watch auctions market in Asia Pacific, with a phenomenal season in May 2021. In addition to achieving the highest ever sale total for a various-owner watches sale at Christie’s, alongside three online sales, each realising a remarkable 100% sell-through rate.
A total of 10 auction records were achieved for some of the most iconic luxury watch brands including Patek Philippe, Rolex, and F.P. Journe. Together with strong global participation in bidding by collectors from 32 countries, the results demonstrate Christie’s position as the premier destination in the Asia Pacific region for auction of the most valuable and coveted timepieces in the world.
The Legends of Time
The first ever watches Evening Sale held by Christie’s in Asia, The Legends of Time presented 18 exquisite horological treasures and some of the most extraordinary creations in the history of watchmaking. The star lot of the sale was Alan Banbery’s Unique Patek Philippe Reference 3448J ‘No Moon Phase’ Perpetual Calendar Wristwatch with Prototype Leap Year Indication, which set a new world auction record for the reference.
An Exceptional Season of Watches
Extremely rare vintage and modern timepieces from legendary and emerging brands were offered in this sale, which saw nearly half of all lots selling over their high estimates. The top lot of this sale was an important Patek Philippe, the only known 18K Gold Split Seconds Chronograph Wristwatch retailed by Gübelin, ref. 1436, manufactured in 1965, which was acquired for HK$5,500,000 / US$711,830, more than double its low estimate of HK$2,400,000 / US$310,617, setting a new auction record for the reference.
The selection of Rolex timepieces attracted passionate bidding, led by the extremely rare stainless steel chronograph triple calendar wristwatch, ref. 6036, “Jean Claude Killy” Model with “Red Depth”, circa 1953, which sold for HK$5,250,000 / US$679,474, more than double its high estimate of HK$2,400,000 / US$310,617. An impressive and rare 18k pink gold, diamond and rainbow-coloured multi gem-set automatic chronograph wristwatch with bracelet, Daytona Rainbow Model, ref. 116595RBOW, circa 2019, which realised HK$3,500,000 / US$452,982, topped the curation of modern timepieces.
The success of this spring season puts us yet again in a prime position to partner with you on your collecting journey. Please feel free to contact us for a complimentary and confidential valuation.
Interested in consigning?
We are now inviting consignments to our upcoming sales. Please contact us to arrange an appointment for a complimentary and confidential evaluation.