Christie’s International Leads the Market for Watches in Europe, Asia, and the America’s

0
337

NEW YORK, NY.- With its final auction of the fall season on December 14 in New York, Christie’s International wrapped up a record-breaking year for fine and rare watches that realized US$91.2 million* in total sales – the highest annual total ever achieved for watches at the global auction house. During what has emerged as a remarkable year for investment in fine timepieces, every watch sale hosted at Christie’s salerooms in Dubai, Hong Kong, Geneva, and in New York achieved sell-through rates above 90% by value. The top watch of the year was a unique Patek Philippe Reference 1527 manufactured in 1943 that sold for a record US $5.7 million (SFr.6, 259,000 /€4,393,192) at Christie’s Geneva. No other auction house in the world achieved as many record prices for important timepieces during 2010. Aurel Bacs, International Head of Watches at Christie’s, notes: “Our sale in New York this week marked t