Mon, May 29, 2023
Christie’s Watches made history with three live auctions in the past week in Hong Kong, driving the first half sale total for 2023 to HK$443.78 million (US$56.925 million), the highest ever for the category at Christie’s Asia.
The three auctions were: Important Watches — Featuring The Triazza Collection Part II and The Ultimate Collection on May 26, followed by The Masterpiece Auction II From The Triazza Collection on May 28.
An exceptional and historically important Patek Philippe Ref. 2523J ‘Dual Crown World Time’ broke the record for the reference when it reached HK$66.625 million (US$8.546 million) in a standalone evening auction. The wrist watch with 24-hour indication and cloisonne enamel dial depicting the North American map was made in 1955.
Strong participation from 31 countries across four continents across the auctions confirms Hong Kong’s status as a powerful global collecting hub for watches, Christie's said.
Millennials comprised almost 40% of all the new buyers, it said.
Alexandre Bigler, Senior Vice President and Head of Watches, Christie’s Asia Pacific, commented: “It has been a momentous and market-leading year so far for Christie’s Watches in Asia. After breaking the global record back in March for the most valuable timepiece ever sold online, horological history was made yet again with the spectacular standalone sale of a Patek Philippe Ref. 2523J from the magnificent Triazza Collection, reaffirming Christie’s strength across both live and online watch auctions and in selling the most prestigious single-owner collections.
"The demand in Asia for rare and exceptional timepieces continues and we very much look forward to presenting more exquisite timepieces to global connoisseurs and enthusiasts throughout the rest of the year.”
The sale also made other world auction records for the following references:
• Lot 2288 - F P Journe, Chronomètre à Résonance Model, Ruthenium Limited Edition of 99 Pieces - HK$8.190 million
• Lot 2289 - F P Journe, Tourbillon Souveraine Model, "China 2010” Limited To 5 Pieces - HK$9.45 million
• Lot 2332 - Patek Philippe - Ref. 1595 - HK$9.45 million
• Lot 2360 – Patek Philippe - Sky Moon Tourbillon Model, Ref. 5002R-014 - HK31.835 million
-
Christie’s Rare Watches auction to feature 150 timepieces
Tue, Apr 16, 2024 -
Proposals sought for Louvre Abu Dhabi Art Here
Tue, Mar 19, 2024 -
Art Dubai opens with focus on Global South
Thu, Feb 29, 2024 -
Philip Colbert’s 'The Lobster' comes to Art Dubai
Thu, Feb 29, 2024 -
In Motion theme for Ras Al Khaimah Art Festival
Wed, Jan 24, 2024 -
€11m car star of RM Sotheby’s Paris auction
Tue, Jan 9, 2024 -
Art Jameel opens ‘At the Edge of Land’ exhibition in Jeddah
Thu, Nov 16, 2023 -
Artistic Letters
Autumn 2023 -
Letters of Light at Louvre
Autumn 2023 -
Hub of Creativity
Autumn 2023 -
Journey of a Letter expo by artist Wissam Shawkat opens
Tue, Sep 26, 2023 -
Sculptor Quinn backs Art be a Part fundraiser
Tue, Sep 26, 2023 -
Sotheby’s Dubai unveils Picasso masterpiece
Mon, Sep 25, 2023 -
Christie's presents exquisite work of Wallace Chan
Wed, Aug 16, 2023 -
Unique sculpture made from race car parts to be auctioned
Sun, Aug 13, 2023