Christie’s Hong Kong Watches Spring Auctions 24 May 2022 – Results

On 24 May, Christie’s Watches held two live auctions, including the white-glove sale of “The Champion Collection Part III: The Artistry of Complications”, and “Important Watches and The Rise of The Independent Watchmakers, Featuring The Kairos Collection Part II”, realising a historic sale total of HK$299,004,780/ US$38,269,921 and 139% hammer above low estimate. The sales saw strong global participation from 20 countries across 4 continents.

21 world auction records for references across both sales including Patek Philippe References: 5002R, 605HU, 5976 ⁄ 1G, 5016P-018, 5275P, and exceptionally rare models of F.P. Journe, A. Lange & Söhne, and Cartier. Top lot of each sale set world auction record for the reference.

Patek Philippe Ref. 5002

The Champion Collection Part III: The Artistry of Complications, Top Achiever: Patek Philippe. A magnificent, extremely rare and highly complicated 18k pink gold double-dial wristwatch with twelve complications including “cathedral” minute repeating, tourbillon, perpetual calendar with retrograde date, moon age and angular motion, sidereal time and sky chart sky moon tourbillon model, Ref. 5002R, circa 2010. Lot 2273. Price realised: HK$24,450,000/ US$3,129,380. World auction record for the reference.

Patek Philippe Ref. 605HU

Important Watches and The Rise of The Independent Watchmakers, Featuring The Kairos Collection Part II, Top Achiever: Patek Philippe. A magnificent and extremely rare 18k gold world time pocket watch with world map cloisonné enamel dial, Ref. 605HU, manufactured in 1948. Lot 2443, Price realised: HK$16,050,000/ US$2,054,256. World auction record for the reference.

Sale Highlights of “The Champion Collection Part III: The Artistry of Complications”:

All lots in this sale found buyers, with almost 1/3 of lots sold above high estimates. 12 world auction records for the references were set in the sale, including Patek Philippe Ref. 5002R, 5016P-018, 5275P, 5074J, 5271 ⁄ 11P-001, 5971P, 5020J-016, 5071G, 5059G-018, 5976 ⁄ 1G, 5167 ⁄ 300G-010 and 5167A-010.

Patek Philippe horological treasures sparked fierce competition, with a wide variety of lots sold multiple times above estimates, including:

Limited edition and rare timepieces by other celebrated brands including Greubel Forsey, Vacheron Constantin, and Audemars Piguet also achieved outstanding prices:

Sale Highlights of “Important Watches and The Rise of The Independent Watchmakers, Featuring The Kairos Collection Part II”:

42% of lots sold above high estimates, with 9 world auction records for the references established, including Patek Philippe Ref. 605HU, 1415; F.P. Journe NO. 01⁄10-T10, Sonnerie Souveraine Model; A. Lange & Söhne Ref. 405.836, 310.836, 320.836; Cartier – a platinum and diamond-set limited edition Crash Model, and a rare 18K white gold and diamond-set limited edition Crash Model made for the re-opening of the Paris boutique.

In addition to the top lot of this sale, Lot 2443 – Patek Philippe 605 Heures Universelles, other top-performing extraordinary timepieces include:

Demand for F.P. Journe wristwatches continue to soar, highlighted by:

All Patek Philippe contemporary masterpieces from The Kairos Collection Part II found buyers, including the following highlights: