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.
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