Christie’s sets global record for the most expensive watch auctioned online

The Patek Philippe ‘Sky Moon Tourbillon’ achieved US$ 5.8 million / HK $45.4 million Christie’s Hong Kong Top Of The Time Watches Online.

Totalled HK$65,811,600 / US$8,420,555

93% Sold by Lot | 131% Hammer Above Low Estimate

Top Lot – Lot 111: Patek Philippe,
Grand Complications ‘Sky Moon Tourbillon’ , Ref. 6002G-001 Realised HK$45,450,000 / US$5,815,300

Results Highlight a Strong Start to the Watch Season for Christie’s

Hong Kong Remains a Major Global Collecting Hub for Watches with Participation from 48 Countries across 7 Continents

Online Sales a Key Channel for Millennials, who represented 40% of Buyers

Alexandre Bigler, Vice-President, Head of Watches, Christie’s Asia Pacific, commented: “The outstanding results established for Watches Online: Top of the Time demonstrate the power of Christie’s online sale platform to present exceptional lots and achieve top prices, on par with our live sales. There continues to be an extremely vibrant market for watches across the world, evidenced through the avid global bidding this sale witnessed, which further cements Hong Kong’s status as an international epicenter for watch collecting. This sale lays a very strong foundation for our Spring Auctions in May at the Hong Kong Convention and Exhibition Centre, where we look forward to presenting more exceptional timepieces for our esteemed clients and watch enthusiasts.”

Christie’s Additional Highlights

Lot 110:
Grand Complications,
with minute repeating, instantaneous perpetual calendar,
single button chronograph, moon phases, leap year and day/night indication, ref. 5208P-001, circa 2015
Price realised: HK$7,812,000 /US$999,541

Lot 72:
18k pink gold wristwatch,
with reverso tourbillon and power reserve, limited to 500 Pieces
Price realised: HK$352,800 /US$45,141 Over 2 times over low estimate

Lot 60:
Platinum skeletonised minute repeating perpetual calendar wristwatch,
with leap year indicator and moon phases
Price realised: HK$819,000 /US$104,791 Over 5 times over low estimate

Lot 27:
Unique 18k white and pink gold wristwatch, case made by Jean-Pierre Hagman, with 21k blue gold dial, tapisserie decorated, art deco hands, historic LeCoultre minute repeater movement from the 1920s, perpetual calendar and leap year indicator inside 6 o’clock hour index,
circa 2015
Price realised: HK$352,800 /US$45,141 Over 7 times over low estimate

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