Christie’s Watches Hong Kong Auctions Autumn 2022 Results – Top Lots

This past weekend, Christie’s Hong Kong realised a combined sale total exceeding HK$202 million / US$26 million / EUR 25 million, marking the second consecutive year for Christie’s Asia of exceeding an annual sale total of HK$500 million(US$ 64 million / EUR 61.9 million) in watch sales.

The auction saw strong global participation from 40 countries; 55% of new buyers are millennials. The Important Watches featuring The Triazza Collection, Part I achieved a total sale of HK$121,822,260 / US$15.6 million / EUR 15.1 million. The Champion Collection, Part VI: The Finest Watchmaking achieved a total sale of HK$80,356,741/US$10.3 million / EUR 9.9 million

The impressive results achieved by ‘Métiers d’Art’ pieces that elevate a craft to the level of art, especially that of enamelling, testify to the growing desirability of timepieces that uniquely combine mechanical perfection and sublime artistry.

Patek Philippe Ref.5208P-001 Minute Repeater Perpetual Calendar Chronograph
Patek Philippe Ref.5208P-001 Minute Repeater Perpetual Calendar Chronograph

Also, the two world records set by Patek Philippe, with the Ref.5208P-001minute repeater perpetual calendar chronograph in platinum fetching more than HK$ 10 million (US$ 1.2 million / EUR 1.2 million) as the top lot of the sale, and the Ref. 5073P-001, a minute repeater perpetual calendar set with baguette-cut diamonds achieving over HK$ 13.6 million (close to US 1.3 million /close to EUR 1.7 million).

The Champion Collection is a testament to the determination and dedication it takes to bring pieces together and curate them into a living entity, always evolving and growing to reflect the personality of its owner.

Here are the world record-breaking results and highlights from The Champion Collection, Part VI:

  • Lot 2282: Patek Philippe: An important and highly complicated automatic minute repeating, instantaneous perpetual calendar single-button chronograph wristwatch with moon phases, leap year and day/night indications. Ref. 5208P-001. Circa 2014. Price realised: HK$10,050,000/ US$1,292,600. World Record.
  • Lot 2258: An extremely rare, limited edition ladies Patek Philippe automatic World Time: 18k rose gold with diamond-set bezel and cloisonné enameldial depicting Lake Geneva commemorating the Maison’s 175th anniversary. Ref. 7131/175R. Circa 2015. Price realised: HK$2,772,000 US$356,526. World Record.
  • Lot 2259: A very rare 18k white gold limited edition automatic Patek Philippe; cloisonné enamel dial by Anita Porchet with a lateen sailboat on Lake Geneva to commemorate the 175th anniversary of Patek Philippe. Ref. 5089G-037. Circa 2015. Price realised: HK$2,016,000/ US$259,292. World Record.
  • Lot 2268: A platinum limited edition automatic Patek Philippe with a cloisonné enamel dial by Anita Porchet featuring a butterfly. Ref. 5077P-015. Circa 2009. Price realised: HK 1,638,000/US$210,674. World Record.
  • Lot 2279: A very rare and elegant 18k white gold minute repeating Patek Philippe tourbillon wristwatch with black enamel dial and Breguet numerals. Ref. 5539G-001 .Circa 2014. Price realised: HK$5,040,000 / US$646,102. World Record.

Here is a selection of the sale highlights from Important Watches featuring The Triazza Collection, Part I. All 218 lots offered at auction were sold.

  • Lot 2519: Extremely rare and magnificent, a platinum and baguette-cut diamond-set automatic “cathedral” minute repeating perpetual calendar Patek Philippe with moon phases, 24-hour and leap year indications. Ref. 5073P-001. Circa 2014. Price Realised: HK$13,650,000 / US$1,755,622. World Record.
  • Lot 2523: An extremely rare, limited edition ladies Patek Philippe automatic World Time: 18k rose gold with diamond-set bezel and cloisonné enameldial depicting Lake Geneva commemorating the Maison’s 175th anniversary. Ref. 7131/175R. Circa 2015. Price realised: HK$7,812,000 US$1,004,756.
  • Lot 2522: Possibly unique and historically important 18k gold tourbillon keyless Patek Philippe pocket watch from 1924 with white enamel dial, Breguet hands and numerals, with antimagnetic observatory contest case and sector-dial. First Prize at the Geneva Observatory contest in 1931. Price realised: HK$5,922,000/ US$761,670.
  • Lot 2419: F.P. Journe, a rare 18k rose gold and silver limited edition tourbillon wrist-watch with gilt brass movement; made to celebrate the 30th anniversary of the famed Maison. Only 99 pieces were produced. Circa 2014. Price realized: HK 3,024,000/ US$388,937.
  • Lot 2313: A very rare 18k white gold, diamond and sapphire-set Rolex Daytona automatic chronograph wrist-watch. Ref. 116589. Price realised: HK$2,268,000 / US$291,703.
  • Lot 2369: Cartier, a rarely seen asymmetrical wristwatch “Crash” model in platinum with manual movement and silvered dial signed “Paris”. Price realised: HK$2,646,000 / US$340,320