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Christie's Important Watches Sale Achieves $3M

Mar 22, 2015 5:19 AM   By Deena Taylor
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RAPAPORT... Christie's important watches sale that was held in Dubai on March 19 achieved $3.3 million. All 185 lots offered were sold and the sale marked Christie's first 100 percent sold auction in the Middle East, according to the auction house.

The top lot (pictured) was a rare platinum and 18-karat pink gold, Patek Philippe minute-repeating perpetual calendar Ref 5104P, which sold for $461,000. The watch is the most expensive watch ever sold at auction in the Middle East, Christie's said.

A platinum cushion-shaped perpetual calendar, single-button split-second chronograph wristwatch with moon phases, also by Patek Philippe, fetched $365,500, while a Rolex stainless steel automatic wristwatch with sweep center seconds, a hack feature and military markings made for the British Royal Navy achieved $173,000.

Christie's noted growing interest in fine, vintage and unique watches from its increasing client base in the region. The sale kicked off Christie's celebration of 55 years of standalone watch sales.

 
Tags: Christie's, Deena Taylor, Dubai, watches
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