ArtGuild Member Sign In
Artfixdaily News Feed

Patek Philippe tops $10 million Christie's watch sale

17 June 2010 - by ArtfixDaily Staff
An extremely rare platinum Patek Philippe perpetual calendar minute-repeating tourbillon wristwatch with a black dial, fetched $602,500 (inc. buyer's premium) at Christie's New York.

click to enlarge

An extremely rare platinum Patek Philippe perpetual calendar minute-repeating tourbillon wristwatch with a black dial, fetched $602,500 (inc. buyer's premium) at Christie's New York.
(Christie's International)

An Asian private buyer won an extremely rare platinum Patek Philippe perpetual calendar minute-repeating tourbillon wristwatch with a black dial, for $602,500 (including buyer's premium), at Christie's sale of Important Watches Featuring the Leo Collection, on June 16.

The auction realized $10,050,363, a record total for a watch sale at Christie's New York, with sell-through rates of 88% by lot and 90% by value.

"All season long, we have watched prices and sales totals reach ever-higher levels in Geneva, Hong Kong, Dubai, and now in New York,' stated Sam Hines, Head of Watches at Christie’s New York, in regards to the watch auction market. "Our spring sales season closes at $46.1 million in sales worldwide – our highest first-half global sales total to date." 


Categories: jewelry & watches
More News Feed Headlines
  • Julien Hudson, 1811-1844 American. Creole Boy With A Moth, 1835, oil on canvas, courtesy of a private collection; photo courtesy of Fodera Fine Art Conservation, Ltd.
    A groundbreaking exhibition opened Dec. 9 at the Worcester Art Museum entitled “In Search of Julien Hudson: Free Artist of Color in Pre-Civil War New Orleans.” Julien Hudson (1811-1844) is the second-earliest documented portrait painter of African descent to work in the United States. Little-known today, Hudson died an untimely, somewhat mysterious death, and only fragments of his oeuvre survive to tell his story.
  • 'May,' by Alexander Motyl, $25/month to rent ($550 to buy), artsicle.com.
    A bevy of new online ventures are helping to streamline the process of buying art for both beginners and established collectors, facilitating keyboard-click access to information and galleries.
  • An installation view of the new Tuscaloosa Museum of Art: Home of the Westervelt Collection.
    Last week, the Tuscaloosa Museum of Art opened its doors, finally giving a home to the art collection assembled by Jack Warner. Earlier this year, the Jack Warner Foundation and Westervelt Company separated, leaving the fate undetermined as to where their respective collections would be housed. Several key works were sold by the Westervelt Co. at auction and privately. Now, more than 800 pieces...
  • Portrait of a Man and Woman in an Interior, painted about 1666, by Eglon van der Neer (Dutch, 1634–1703). Oil on panel. Museum of Fine Arts, Boston. Seth K. Sweetser Fund.
    At the Museum of Fine Arts, Boston, Victoria Reed is the first and only endowed curator of provenance at an American museum. Since 2010, her role has been to research objects in the museum's collections, and new acquisitions, in order to determine the right of ownership. At times, Reed's findings have led to restitution...
Free e-newsletter sign-up
Enter e-mail address to receive art news daily.
Subscribe
ArtfixDaily Blogs