Global record for the most expensive watch auctioned online!
Christie’s Watches achieves best-ever first half results worldwide with more than US$122 million/ EUR110 million/CHF107 million in combined sales across 6 live and 8 online auctions in Hong Kong, Dubai, Geneva and New York between March and June 2023, demonstrating the brand’s continued authority within the global community of watch collectors and enthusiasts, as well as its stature as the reference platform for sellers of the rarest and most desirable timepieces.
Christie’s Hong Kong achieved its highest half-year results ever – HK$443,780,550/US$56,925,684/ EUR51,629,998/CHF49,993,406 – and set 11 auction records. While the single-owner ‘Ultimate Collection’ reached HK$126,718,200/US$16.2 million/EUR14.5 million/CHF14.2 million, the Patek Philippe Ref. 2523J “Dual Crown World Time”, presented at the Masterpiece Auction II from the Triazza Collection, achieved a record HK 66,625,000/US$8.5 million/EUR7.7 million/CHF7.4 million.
Standout moments of the season: Christie’s Watches established a milestone with the most valuable timepiece ever sold online at auction globally, the Patek Philippe Ref. 6002G “Sky Moon Tourbillon” – achieving HK$45,450,000/US$5.8 million/EUR5.2 million/CHF5.0 million, in the Christie’s Hong Kong Watches Online: Top of the Time sale.
In Geneva, Christie’s held the first-ever thematic auction dedicated to an independent watchmaker: The Art of F.P.Journe, where 40 lots were presented by the celebrated timepiece designer, including an exceedingly rare Tourbillon Souverain ‘Souscription’ that achieved for CHF2,707,000/US$3,004,653. This historic 100% sold auction totalled US$15.3 million/EUR13.8 million/CHF13.4 million.
Emmanuel Danan, Christie’s Global Managing Director, Luxury, shares: “We are delighted and proud of the results achieved by the Christie’s Watches teams across the first half of the year. This performance is the result of consistent growth, building on the concerted efforts of our specialists, and, importantly, on the collective commitment to delivering the best experience for sellers and buyers alike. Relationships built on trust, expertise and a quest for excellence by our specialists who think and act long-term – these are Christie’s hallmark values that can be seen at work as our House is poised to maintain its trajectory through the second half of the year.”
Text and Images by 289 CONSULTING PR TEAM