Christie’s has achieved a significant feat by setting a new global record for the most expensive watch ever auctioned online last night. The auction of the Patek Philippe ‘Sky Moon Tourbillon’ was a milestone moment as it fetched a whopping US$5.8 million / HK$45.4 million. The Christie’s Hong Kong Top Of The Time Watches Online event garnered a total of HK$65,811,600 / US$8,420,555, with 93% of lots sold and hammer prices 131% above the low estimate.
Alexandre Bigler, Vice-President, Head of Watches, Christie’s Asia Pacific, commented: “The outstanding results established for Watches Online: Top of the Time demonstrate the power of Christie’s online sale platform to present exceptional lots and achieve top prices, on par with our live sales. There continues to be an extremely vibrant market for watches across the world, evidenced through the avid global bidding this sale witnessed, which further cements Hong Kong’s status as an international epicenter for watch collecting. This sale lays a very strong foundation for our Spring Auctions in May at the Hong Kong Convention and Exhibition Centre, where we look forward to presenting more exceptional timepieces for our esteemed clients and watch enthusiasts.”