Christie's Dubai Watch sale sold 100%

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29-Mar-2015

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The watch sale at Christie’s in Dubai this evening was 100% sold, a first for a Christie’s sale in the Middle East after 18 consecutive seasons. The 185 lots offered sold for a combined total of $3,327,188 / AED 1,693,253 with a very rare platinum and  pink gold Patek Philippe minute repeating perpetual calendar Ref 5104P making the highest price when it sold for $461,000, also making it the most expensive watch ever sold at auction in the Middle East.  This was the 4th watch auction held in Dubai and the largest, an indication of the growing interest in fine, vintage and unique watches from a increasing client base within the region.  The sale welcomed bidders from 30 countries in the room, on the phone and with a strong internet presence of half of all registered clients, buying 12.5% of the sale. The top lot bought online was Lot 159 selling for $68,750, above its estimate. In addition, this was the first Christie’s Important Watch auction of 2015, marking the start of the 55th year for the international department.

 

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