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Published by Christie's, auction catalogue, illustrated, 336 pages, condition: very good
GENEVAS IMPORTANT WATCHES including A CONNOISSEURS VISION PART IV ACHIEVES A BLOCKBUSTER TOTAL OF MORE THAN US$ 26.3 MILLION
NEW RECORD PRICE SET FOR ANY ROLEX WRISTWATCH AT AUCTION
$3.6 MILLION PATEK PHILIPPE - NEW RECORD PRICE FOR ANY SIMPLE CHRONOGRAPH WATCH
MORE THAN A DOZEN RECORD PRICES IN ONE DAY
Genevas sale of Important Watches including A Connoisseurs Vision Part IV achieved a blockbuster total of US$ 26,331,962 (SFr. 23,427,013 /
18,647,902), an increase of 25% over last Mays auction total in Geneva.
This is one of the highest results ever realized in the history of Christie's watch sales and leads the auction series dedicated to the category in Geneva this spring.
The top watch of the sale is a unique 18k white gold cushion-shaped single button chronograph wristwatch manufactured in 1928 by Patek Philippe which sold for more than US$ 3.6 million, a new world action record for any simple chronograph watch.
Among the other sensational new world record prices set at Christies in Geneva is a new top price for any Rolex wristwatch at auction, achieved for an oversized stainless steel split seconds chronograph wristwatch manufactured in 1942, which sold for US$ 1,163,340.
Aurel Bacs, International Head of Christie's Watch Department, commented:
The international community of watch collectors responded enthusiastically to this premium selection of rare wristwatches and pocket
watches hand-selected by Christie's team of specialists for our spring Geneva sale. Our results confirm once again that Christie's is the
auction house of choice for both buyers and sellers of the rarest and most important watches.
Todays sale was characterized by strong bidding from the international trade, but dominated by private collectors and museums around
the world. Eight different buyers secured the top ten lots of the sale a sign of the immense depth of interest in this category.
The sale was notable for its spectacular moments for the first time ever at auction, a Rolex watch surpassed the $1 million mark with
the ultra-rare reference 4113 selling to a private collector for over $1.1 million.
Christie's is extremely proud to announce that with Part IV of A Connoisseurs Vision, this prestigious collection of Patek
Philippe watches reached the highest total ever for any collection of fine wristwatches ever dispersed at auction, reaching over US$ 22
million. We are grateful to the consignor for having entrusted Christie's team of watch specialists with the sale of this landmark collection
and are immensely satisfied to see that the market rewarded his knowledge and passion to such an extent.
