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Christie’s Luxury Week kicks off: Important Watches Totals $11,204,650

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(NEW YORK) – Christie’s kicked off its seasonal series of Luxury auctions in New York on December 5th, 2023, with the Important Watches sale. The live auction delivered exceptional results, achieving a total of $11.2 million with 96% of the 107 lots sold. Strong international participation occurred with bids coming from around the globe, including 41% from Americas, 32% Europe, Middle East, and Africa and 27% from Asia Pacific. Nine watches in total sold for over $250,000, with two lots achieving in excess of $1.2 million.

PATEK PHILIPPE SKY MOON TOURBILLON REF. 5002P-001 Price Realized: $1,562,500 Image courtesy CHRISTIE’S IMAGES LTD. 2023
PATEK PHILIPPE SKY MOON TOURBILLON REF. 5002P-001
Price Realized: $1,562,500
Image courtesy CHRISTIE’S IMAGES LTD. 2023

The sale was thoughtfully curated and demonstrative of the strength of the market and the power of Christie’s specialist expertise. The leading highlight of the auction was a Patek Philippe Sky Moon Tourbillon Ref. 5002P-001, which achieved an impressive result totaling $1,562,500. Notable results were achieved for the Richard Mille Unique RM018 ‘Hommage A Boucheron,’ which sold for $1,260,000 – surpassing its initial estimate of $500,000 by more than two and a half times. Additionally, a signed F.P. Journe, Tourbillon Remontoir D’egalite Model, No. 27, fetched $693,000, while a Rolex Daytona ‘Big Red’ Ref. 6263 realized $126,000. The auction featured a strong mix of vintage and independent watches, with a lot formerly in the collection of Andy Warhol a Patek Philippe Perpetual Calendar Ref. 3448 which sold for $378,000.

RICHARD MILLE UNIQUE RM018 ‘HOMMAGE A BOUCHERON’Price Realized: $1,260,000 Image courtesy CHRISTIE’S IMAGES LTD. 2023
RICHARD MILLE UNIQUE RM018 ‘HOMMAGE A BOUCHERON’
Price Realized: $1,260,000
Image courtesy CHRISTIE’S IMAGES LTD. 2023

Rebecca Ross, VP, Head of Sale stated: “Christie’s Important Watches has set a remarkable tone for this year’s Luxury season achieving a total of $11,204,650. The auction demonstrated exceptional success by surpassing its low estimate by an outstanding 112%. The standout moment was the phenomenal performance of the Patek Philippe Sky Moon Tourbillon Ref. 5002P-001, achieving an outstanding $1,562,500. This success underscores the strength and demand in the luxury watch market.”

Learn more about Christie’s at christies.com.

The post Christie’s Luxury Week kicks off: Important Watches Totals $11,204,650 appeared first on Southern Jewelry News.



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