Christie’s kicked off the luxury season with its Important Watches sale in New York on December 5. The exceptional results of this auction demonstrated the resilience of the Haute Horlogerie market in the United States.
Christie’s, the renowned London-based auction house, opened its seasonal series of exceptional timepieces from the most prestigious and desirable watchmaking houses with great fanfare on December 5.
The live auction generated a total of $11.2 million, with 96% of the 107 lots sold.
And while Patek Philippe continued to dominate sales, other names such as Richard Mille and F.P. Journe also did well.
An exceptional New York edition
Nine watches fetched over $250,000 and two lots exceeded $1.2 million.
Very well attended internationally, the sale was driven by the Americas (41% of bids). But it also attracted bidders from EMEA (32%) and Asia-Pacific (27%).
The highlight of the auction was undoubtedly the Patek Philips Sky Moon Tourbillon watch (Ref. 5002P-001). Fetching $1,562,500, this exceptional timepiece with its “phenomenal performance” demonstrates the brand’s enduring desirability among collectors.
A lot containing a Patek Philippe Quantième Perpétuel (Ref. 3448) from Andy Warhol’s collection sold for $378,000.
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Featured Photo: © Christie’s
