Patek Philippe tops $10 million Christie's watch sale
- June 17, 2010 23:28
An Asian private buyer won an extremely rare platinum Patek Philippe perpetual calendar minute-repeating tourbillon wristwatch with a black dial, for $602,500 (including buyer's premium), at Christie's sale of Important Watches Featuring the Leo Collection, on June 16.
The auction realized $10,050,363, a record total for a watch sale at Christie's New York, with sell-through rates of 88% by lot and 90% by value.
"All season long, we have watched prices and sales totals reach ever-higher levels in Geneva, Hong Kong, Dubai, and now in New York,' stated Sam Hines, Head of Watches at Christie’s New York, in regards to the watch auction market. "Our spring sales season closes at $46.1 million in sales worldwide – our highest first-half global sales total to date."
![Peter Paul Rubens (Flemish, 1577–1640), After Titian (Tiziano Vecelli) (Italian [Venetian], c. 1488–1576), Rape of Europa, 1628–29. Oil on canvas, 71 7/8 x 79 3/8 in.](/images/c/e2/2e/Jan20_Rape_of_Europa100x100_c.jpg "Peter Paul Rubens (Flemish, 1577–1640), After Titian (Tiziano Vecelli) (Italian [Venetian], c. 1488–1576), Rape of Europa, 1628–29. Oil on canvas, 71 7/8 x 79 3/8 in.")
