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Christie’s Watches Asia Auction Patek Philippe Dual Crown World Time Fetches Record $8.54 Million, 2023 Total 1st Half Sales at $56.9 Million
29th May 2023 | Hong Kong
Christie’s Watches (Asia) Patek Philippe “Dual Crown World Time” fetches a record$8.54 million (Ref. 2523J) at the Christie’s Hong Kong Watches Spring Auctions, with Christie’s Watches (Asia) 2023 total 1st half auction sales reaching $56.9 million.Christie’s Watches: “This spring season, Christie’s Watches made history with 3 live auctions, “Important Watches — Featuring The Triazza Collection Part II” and “The Ultimate Collection” on 26th May 2023, followed by “The Masterpiece Auction II From The Triazza Collection” on 28th May 2023, driving the first half sale total for 2023 to HK$443,780,550 / US$56,925,684, the highest ever for the category at Christie’s Asia. An exceptional and historically important Patek Philippe Ref. 2523J ‘Dual Crown World Time’ broke the record for the reference when it reached HK$66,625,000 / US$8,546,282 in a standalone evening auction. Strong participation from 31 countries across 4 continents across the auctions confirms Hong Kong’s status as a powerful global collecting hub for watches. The category remains a gateway to Christie’s for younger collectors, with millennials comprising almost 40% of all the new buyers.”
“ Christie’s Watches Asia Auction Patek Philippe Dual Crown World Time Fetches Record $8.54 Million, 2023 Total 1st Half Sales at $56.9 Million “
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Alexandre Bigler, Senior Vice President & Head of Watches, Christie’s APAC:“It has been a momentous and market-leading year so far for Christie’s Watches in Asia. After breaking the global record back in March for the most valuable timepiece ever sold online, horological history was made yet again with the spectacular standalone sale of a Patek Philippe Ref. 2523J from the magnificent Triazza Collection, reaffirming Christie’s strength across both live and online watch auctions and in selling the most prestigious single-owner collections. The demand in Asia for rare and exceptional timepieces continues and we very much look forward to presenting more exquisite timepieces to global connoisseurs and enthusiasts throughout the rest of the year.”
Auctioneer Emmanuelle Chan selling the top lot – a Patek Philippe Ref. 2523J ‘Dual Crown World Time’ for HK$66,625,000 / US$8,546,282
Christie’s Watches 7 world auction records were set for the following references:
Lot 2288 – F.P. JOURNE. Chronomètre à Résonance Model, Ruthenium Limited Edition of 99 Pieces
Lot 2289 – F.P. JOURNE. Tourbillon Souveraine Model, “China 2010” Limited To 5 Pieces
Lot 2301 – PATEK PHILIPPE. Ref. 879
Lot 2332 – PATEK PHILIPPE. Ref. 1595
Lot 2354 – PATEK PHILIPPE. Ref. 5970J-014, made for The Patek Philippe Watch Art Grand Exhibition London
Lot 2355 – PATEK PHILIPPE. Ref. 3670A-001
Lot 2360 – PATEK PHILIPPE. Sky Moon Tourbillon Model, Ref. 5002R-014
Founded in 1766, Christie’s is a world-leading art and luxury business. Renowned and trusted for its expert live and online auctions, as well as its bespoke private sales, Christie’s offers a full portfolio of global services to its clients, including art appraisal, art financing, international real estate and education. Christie’s has a physical presence in 46 countries, throughout the Americas, Europe, Middle East, and Asia Pac ific, with flagship international sales hubs in New York, London, Hong Kong, Paris and Geneva. It also is the only international auction house authorized to hold sales in mainland China (Shanghai).
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