Rare watches go under the hammer at Christie's Dubai
Patek Philippe, Vacheron Constantin, Piaget
Christie's Dubai held its Important Watches auction at the Jumeirah Emirates Towers, marking the start of its 10-year celebrations. Offering 176 rare and beautiful timepieces, the auction attracted bidders from 25 different countries. Apart from those present in the saleroom, many participated through the telephones as well as via Christie's LiveTM platform on the internet. By the end of the auction, 85 per cent of the lots were sold, with a value of Dhs9,748,172.
The highlight of the night was the sale of a Patek Philippe wristwatch, which sold for Dhs563,439. "This sale was quite remarkable as we had the opportunity to not only add another 176 selected lots to the extensive 2050 lots of jewels and watches offered over the past 10 years, but this was one of the largest selection of timepieces we offered for auction in the history of Christie's Dubai," said watch specialist Remy Julia, who was tasked by Christie's to run the event. "This year especially, the Dubai Important Watches auction showed the depth in the market and the request of collectors from around the world for unique, limited edition and vintage watches. As ever, buying from private collectors was very active throughout the sale, resulting in 92 per cent of the 176 lots bought privately."
The next Christie's Dubai auctions, Now and Ten as well as the Modern and Contemporary category, will run on March 16. This will be followed by the Elements of Style auction on March 17. All auctions will be held at Jumeirah Emirates Towers.