Tag Archives: Christie’s

6 most expensive watches auctioned in 2018

Year on year, watch auction records are being made and broken by the high demand of these pieces de unique found in old collections and it is a marvellous spectacle to behold.

For an industry that sells covetable timepieces from the past, the watch auction world is a surprisingly fast-paced, ever-changing landscape.

While 2018 may not have had a watch that eclipsed the Patek Philippe Henry Graves Supercomplication from 2014 or Paul Newman’s very own Rolex Daytona Ref. 6239 from 2017, 2018 had a few watches that stood out.

And here we round up 6 watches that earned the highest bid in 2018 auctions.

#1: Rolex Daytona Ref. 6265 Unicorn

Collectors naturally want what others can’t have and a vintage white gold Rolex Daytona is simply put, cause for alarm, for collectors. When the news was broken by Hodinkee back in 2013 that one existed, the watch world’s enthusiasm levels soared.

Its rarity was explained by Phillips as, “For many years it was commonly accepted that Rolex only produced manual winding Cosmographs in stainless steel or yellow gold, and never in platinum, white or pink gold.” As it turns out, one customer managed to convince the brand otherwise and the rest is history.

That history, however, culminated in May this year with a 5,937,500 Swiss francs (approx. 24.8 million) sale at Phillip’s Daytona Ultimatum auction. The Rolex Daytona Ref. 6265 Unicorn currently sits as the second most expensive Rolex to ever be sold at a watch auction. Adding to the glamour of it all, all sales from the piece were donated to the Children Action charity.

 

#2: Patek Philippe Ref 2499 Perpetual Calendar Chronograph Asprey

The title of highest auctioned Patek Philippe watch this year goes to the Patek Philippe Ref 2499 Perpetual Calendar Chronograph Asprey that was hammered at 3,915,000 Swiss francs (approx. RM16.4 million) at Sotheby’s recent Important Watches auction in Geneva.

The watch, a possibly unique piece, was manufactured by the esteemed Swiss watchmaker in 1952 and sold in 1956. The Ref 2499 Asprey was first put up for auction in 2006 and has been in the same private collection since then.

Unique features of the piece include a double-signed dial by both Patek Philippe and Asprey.

 

#3: Patek Philippe Ref 2499 Perpetual Calendar Chronograph Serpico y Laina Caracaswas

Next on the list was another Ref 2499, but this time, signed by Venezuelan distributor Serpico y Laina, set up in Caracas, the capital of the country by two Italian immigrants. What makes the Ref. 2499 so special (and given that there are three on this list for this year alone) is the fact that across four different iterations (series) of the watch, only 349 examples of the reference was made. And only across a 35-year mark, making it roughly 10 watches per year.

This particular Patek Philippe Ref 2499 Perpetual Calendar Chronograph Serpico y Laina Caracas was realised at Christie’s Rare Watches auction, at a value of 3,252,500 Swiss francs (approx. RM13.4 million), just a day before the Asprey variant.

 

#4: Rolex Daytona Ref. 6240 Neanderthal

The predecessor of the Daytona Ref. 6265 (the Paul Newman series), the Ref. 6240 was the first to use screw-down chronograph pushers and utilised a unique dial proportion with the subdials nearly touching the outside track. As Phillips puts it, “Any Cosmograph boasting oversized registers is called today a “Big Eye”. What quick-eyed collectors may notice as well, is the fact that the dial has no ‘Cosmograph’ or ‘Daytona’ text to be found.

Because of its inherent uniqueness and legacy as the one that came before the Paul Newmans, this particular Daytona Ref. 6240 Neanderthal hammered at 3,012,500 Swiss francs (approx. RM12.6 million) during the Daytona Ultimatum in May.

 

#5: Patek Philippe Ref. 2499  signed by Tiffany & Co.

 

The Patek Philippe Ref. 2499 makes an appearance again on the list and this time, signed by American jeweller and retailer Tiffany & Co. Sold at 2,950,762 Swiss francs (RM12.4 million) in Hong Kong, the watch is now the most expensive watch to be sold in auction in Asia. According to Sotheby’s that sold the piece, the watch is potentially the only one of its kind, given that there are only six examples of this series made in pink gold.

While the Asprey-signed Ref 2499 was manufactured in 1952 and sold in 1956, this Tiffany & Co model is almost 20 years older, having been made in 1971 and sold in 1972. As we’ve mentioned earlier, the Ref. 2499’s limited production years between 1950 and 1986 have made it such that the earlier series tend to fetch more because of the lesser amount produced then.

 

#6: Patek Philippe Sky Moon Tourbillon Ref. 6002G

 

Sold off at Hong Kong’s Poly Auction’s Important Watches, the Patek Philippe Sky Moon Tourbillon Ref. 6002G is easily the most complicated timepiece on the list. The grand piece was released by Patek Philippe in 2014 and features several functions and complications shown over two dials.

It boasts a tourbillon, a minute repeater with two cathedral gongs, a perpetual calendar with retrograde date, a moonphase display. On top of that, the back of the watch showcases sidereal time, a sky chart of the Northern hemisphere, as well as a progressive moonphase display. The dials have been worked with cloisonné enamel and champlevé enamel for a grander effect.

While it definitely out-complicates many of the watches on the list, the fact that the Sky Moon Tourbillon didn’t fetch as high with its hammered amount at 2,695,207 Swiss francs (RM11.1 million), the watch was sold with a high enough price four years ago and was limited to just five pieces.

Given the appreciation that Patek Philippe timepieces have had over the years, one can imagine that in 40 years’ time, the Sky Moon Tourbillon may see an auction pricing much higher.

 

Charles V Sculpture Sold for RM52 Million to Anonymous Buyer

Beauneveu carved the work over two years, from 1364 to 1366, to form part of Charles V’s tomb in Paris’ Abbey of Saint Denis.

The 14th-century marble figures by French sculptor sold for RM51.8 million (GBP9.35 million/USD12.13 million), a record for the artist, Christie’s said.

The auction house did not disclose who had bought the lions, a near mirror image of one another, which are believed to have been commissioned by Charles V shortly after he came to the throne.

Beauneveu carved the work over two years, from 1364 to 1366, to form part of the king’s tomb in Paris’ Abbey of Saint Denis.

“These lions are a really important document for Beauneveu, for his style, and for the whole history of patronage of these royal courts in northern Europe in the 14th century,” said Christie’s Donald Johnston, speaking in a video by the auction house.

The French Revolution saw the family tombs dismantled in 1793 and the lions were purchased in 1802 by British aristocrat Thomas Neave.

Until its sale at Christie’s the sculpture remained in the same private collection and its existence had only been known thanks to an 18th-century engraving.

Johnston said despite the lions being small in the drawing, the particular style matches the marble sculpture.

“You can see the very distinctive way that the tails curl up around one of the hind legs of each of the lions and intertwine,” he said.

The sculpture also has rods on the back of the lions which show where they would have been attached to the feet of the king’s effigy.

Beauneveu was tasked with constructing four family tombs and the lions were carved with strikingly detailed manes, with one baring its teeth.

Christie’s New York Auctions Jackie Kennedy Onassis Cartier Tank Watch

22nd December 1969: Jackie Onassis (1929 – 1994), wife of Greek ship-owner Aristotle Onassis and widow of US president John F Kennedy. (Photo by David Cairns/Express/Getty Images)

The Kennedys are possibly the closest thing that  Americans can call royalty. Having left an undeniable mark in the world of politics, at least one of their members cemented her role as a style star. As one of the most famous and often admired women anything that was once owned by this Kennedy family member is bound to illicit the attention of many. On June 21, Chrisite’s will auction off the Jackie Kennedy-Onassis Cartier Tank watch that was once worn by America’s most revered  First Ladies of all time. The timepiece will be a part of the auction house’s Rare Watches and American Icons New York sale.

Jackie Kennedy Onassis’s timelessness is evident in her classic Cartier Tank, having been gifted to her by her brother-in-law Prince Stanislaw “Stas” Radziwill in 1963. The timepiece is a design first created 100 years ago by Louis Cartier, and is engraved with the words “Stas to Jackie 23 Feb. 63 2:05 am to 9:35 pm.” The time refers to the start and stop times of the famous 50-Mile Hike in Palm Beach in 1963. Despite the dial having aged and the watch case appearing softer after time, the yellow gold Tank highlights the frequency at which Onassis wore the watch. The watch has been photographed on Onassis’s wrist an abundance of times while she was alive.

The watch will be auctioned alongside an original painting made by the former First Lady as a gift to her brother-in-law in 1963. Likewise, the painting celebrates the hike as well, mirroring the words on the watch with “February 23, 1963 2:05 am to 9:35 pm / Jackie to Stas with love and admiration”. Both the watch and the painting are the newest artefacts to surface from the Kennedy Presidency in recent years.

John Reardon, International Head of Christie’s Watches comments, “The Jacqueline Kennedy Onassis Cartier Tank is a watch full of emotion, love and history. Together with Jackie’s painting, these two objects capture the spirit of another era, a time where friendship and the “can-do” optimism of the generation seemed to make anything possible. In this spirit, the consignor has offered to donate a portion of the proceeds to the National Endowment for the Arts. Christie’s Watches proudly offers this truly iconic timepiece and painting on June 21 in our New York Rockefeller Center Saleroom.”

While the estimate for the watch is 60,000—120,000 dollars, it seems likely that it will go for a much higher price.

For more information not he Rare Watches and American Icons event, visit Christie’s.