Sotheby’s Results: Important Watches & Clocks bring $8.8 million in New York


NEW YORK, N.Y.- The December 6, 2011 auction of Important Watches & Clocks at Sotheby’s New York achieved $8,832,572, selling a strong 85.9% by lot and well within pre-sale expectations of $6.7/9.6 million. This marks the highest-ever total for an ‘Important Watches & Clocks’ auction at Sotheby’s New York. In addition, 93% of sold lots brought prices within or above their pre-sale estimates. “We are thrilled with today’s record result for New York,” commented John Reardon, Head of Sotheby’s Watches department in New York. “Our strategy as a team has been to focus on the client experience, both for our buyers and consignors, and the diverse offering we presented them resulted in a range of global interest that included top buyers from Asia to the United States, Europe and Africa.” The sale was dominated by timepieces from Patek Philippe – nearly one-third of the to