Christie’s continues an exceptional Watches Spring Season

12 mai 2021

Christie’s continues an exceptional Watches Spring Season

Patek Philippe Reference 605 HU, a WorldTime pocket watch achieved CHF 1,170,000 against the low estimate of CHF 550,000Photo © Patek Philippe

Christie’s ‘Rare Watches’ Live auction in Geneva achieves a total of more than CHF 23 million / USD25.5 million
 
94% sold by lot and 98% sold by value 144% hammer above low estimate
 
Strong global participation from 47 countries and over 840 registrants

This auction reinforces several trends:

The market confirms international private collectors are looking for the exceptional, as evidenced by these strong results in Geneva

‘Fresh to the market’ watches outperformed market predictions. It should be noted that the sourcing of these numerous timepieces was made possible by the long-term and personal advisory relationships the Christie’s watch specialists have with their clients

The vintage Patek Philippe watches far exceeded their low estimates as evidenced by the following models:
– The reference 605, a WorldTime pocket watch achieved CHF1,170,000, doubling the low estimate of CHF550,000
– The reference 1518 in pink gold, which was the world’s first perpetual calendar chronograph wristwatch to be serially produced by the manufacture, featuring the rare engraving of the Venezuelan retailer Serpico Y Laino, achieved CHF1,350,000 against the low estimate of CHF450,000
– The reference 2499, a very rare 18K gold perpetual calendar chronograph wristwatch with moon phases (circa 1984) achieved CHF537,500 against a low estimation of CHF400,000
– The reference 130 white gold chronograph wristwatch achieved CHF687,500 against a low estimation of CHF180,000.

The modern Patek Philippe ‘Grandes Complications’ also surpassed low estimates:
– The reference 3974G, an extremely rare minute repeating perpetual calendar wristwatch with moon phases, 24 hour and leap year and day/night indication with a black dial, achieved CHF350,000 against a low estimate of CHF240,000
– The reference 5016R, an extremely rare minute repeating perpetual calendar wristwatch with tourbillon retrograde date, moon phases, leap year indication, with a black dial, achieved CHF600,000 against a low estimate of CHF280,000
– The reference 5013, a very rare tonneau-shaped minute repeater perpetual calendar achieved CHF400,000 against a low estimate of CHF280,000. 

The section of 5 independent watchmakers also showed a level of desirability as evidenced by:
– An extremely rare and early platinum Tourbillon Souverain wristwatch achieved CHF400,000 against a low estimate of CHF170,000
– The Tourbillon Souverain in platinum with a beautiful and rare mother-of-pearl dial, achieved CHF575,000 against a low estimate of CHF300,000A
– Vianney Halter platinum asymmetrical automatic perpetual calendar achieved CHF225,000 against a low estimate of CHF120,000. 

Finally, surprise stories included:
A very rare Rolex Oyster perpetual Comex achieved CHF400,000 against a low estimate of CHF75,000
A exquisite Lange & Söhne platinum limited edition tourbillon wristwatch achieved CHF500,000 against a low estimate of CHF75,000
A very rare Audemars Piguet platinum pocket watch, royal oak model, diamond-set limited edition openface skeletonized QP achieved CHF156,250 against a low estimate of CHF20,000.
Photo © Christie’s

The reference 1518 in pink gold, which was the world’s first perpetual calendar chronograph wristwatch to be serially produced by the manufacture, featuring the rare engraving of the Venezuelan retailer Serpico Y Laino, achieved CHF1,350,000 against the low estimate of CHF450,000







Stay tuned by following the Christie’s online sale « Rare Watches »
continuing until 18 May 2021
Online auction | 7 – 18 May
https://onlineonly.christies.com/s/watches-online-geneva-edit/lots/1912

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