Christie’s Important Watches: a particularly robust US market

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.

 

Patek Phillippe Sky Moon Tourbillon © Christie’s

 

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

Victor Gosselin
Victor Gosselin
Victor Gosselin is a journalist specializing in luxury, HR, tech, retail, and editorial consulting. A graduate of EIML Paris, he has been working in the luxury industry for 9 years. Fond of fashion, Asia, history, and long format, this ex-Welcome To The Jungle and Time To Disrupt likes to analyze the news from a sociological and cultural angle.

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