TOTALIZING CHF 55 MILLION
17 lots selling above CHF1 Million 40% of new bidders
2 Live Auctions:
Legendary and Unique Watches realizing CHF 31,877,418 /$31,679,596 Rare Watches realizing CHF23,669,670 / $23,859,366
Geneva – Historic moment during this autumn Geneva watch season. Christie’s becomes No. 1 of the watch auction market in Geneva, the nest of fine watchmaking, by totalizing CHF55,548,348 /$55,540,232 / Euro56,302,789 / HK$433,841,034.
The week started with an incredible white glove sale, followed by the “Rare Watches” auction where 238 lots out of 239 lots found a new owner. The two watch auctions on 6 and 7 November held at Geneva’s Four Seasons Hotel des Bergues attracted 40% new bidders with a record attendance online as well as room participation.
Outstanding result leads the overall Geneva Autumn 2022 watch sale week and demonstrates the savoir-faire of its young and dynamic team bringing to auction one of the most important private collections (Legendary and Unique Watches) and horology masterpieces, contested by bidders from 46 countries.
Incredible results were achieved, including for lot 34, Patek Philippe reference 5711/1A-018, additionally signed Tiffany & Co. selling above estimate for CHF3,174,000 against a retail price of USD52,000.
Remi Guillemin, Head of Christie’s Geneva Watch department expressed: ”Holding two high calibre auctions with incredible sell through rates of 100% and 99.18% within 24 hours is an unseen moment in watch auction history, making Christie’s the market leader. Our gratitude goes to our worldwide collectors, confirming Christie’s Geneva as a special place for Rolex and masterpieces.”