Christie’s New York Important Watches Auction Totals $8.5 Million

Yesterday, June 13, Christie’s held the Important Watches sale in New York to record breaking numbers. The sale culminated at $8,495,988.

The highlight of the auction was the Patek Philippe two-crown world-time Ref. 2523/1, which set a world record at $1,022,500. This record-setting amount is the highest ever paid for any timepiece sold at any Christie’s sale in America.

Nine of the top ten sales at the auction were Patek Philippe pieces, with one Piaget taking fourth place.

“The incredible strength of the watch collecting market was apparent in our salerooms today, as more than 750 bidders from as far away as Vietnam and as near as New York City competed head-to-head for nearly every timepiece offered, from vintage to modern examples,” Douglas Escribano, Head of Sales, Watches, said.

He continued, “Today’s sale was a fitting finale to a truly spectacular spring watch auction season in which Christie’s has consistently led the market on a global level. With our fall sales already on the horizon, we are firmly on track to achieve yet another record-breaking year for watch sales.”

Photo: Christie’s

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Seth Semilof

Co-Founder & COO · Haute Time

Seth Semilof co-founded Haute Living and, with business partner Kamal Hotchandani, launched Haute Time, the brands' luxury timepiece site, to educate buyers about the best watches in the world and to showcase the passion of collectors and the CEOs who lead the great maisons. His love of watches began early: a TAG Heuer at 13, an Omega at 16, and his first Rolex at 20. Through Haute Time he has been honored to visit the greatest watch manufactures in the world and meet the master watchmakers behind them. He has also personally featured private collections exclusive to Haute Time, taking readers inside the watch boxes of Kevin Hart, Carmelo Anthony, Tony Robbins and Swizz Beatz.