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Patek performs in Christie’s $8m rare watches auction in New York

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Christie’s raked in nearly $8m in sales as part of its rare watches New York auction in April.

Running from April 16 – 26, the sale brought in $7,826,250 with 95% sold by lot, 100% sold by value and 139% hammer above low estimate.

The auction house also confirmed there was global participation with bidders from 41 countries and over 27% new registrants.

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Leading the sale was a superb Cartier Mystery clock known as “Model A” that sold for $562,500.

Manufactured in 1919, the timepiece is an exceptionally rare and early example of the first type of mystery clock created by Louis Cartier and master clockmaker Maurice Coüet (1885-1963).

There were also very strong results for Patek Philippe with an 18K yellow gold perpetual calendar chronograph ref. 2499/100 selling for $475,000; the exceptional 18K white gold reference 3448 achieving $350,000; and a platinum Nautilus reference 3800/3P selling for $150,000 against its low estimate of $14,000.

Commenting on the sale, Rémi Guillemin, Christie’s Watches Specialist, said: “We are extremely pleased with the results of the New York online sale. The online auction presented a selection geared to every type of client – from experienced collectors to those looking for their first timepiece.”

Adding: “The strong results of this sale demonstrate the continued strength of Christie’s online platform and its ability to reach the broadest possible global audience. This sale reinforces Christie’s online-first strategy and the strong appetite of our collectors from around the world. We look forward to our next sale in Geneva in May continuing on our exceptional season of watches.”

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