Christie’s continues to raise the bar for watches auctioned online. In New York, Andy Warhol’s Patek Philippe was sold for over three times its estimate.
Confirming a strong season of online auctions records, Christie’s achieved a total sale of over $2.37 million at the New York auction held between June 8th and 22nd. The global participation counted bidders from 30 countries and 33% new registrants.
The New York Edition (8 – 22 June) achieved a total of $2,372,125 with 82% sold by lot, 100% sold by value, and 112% hammer above low estimate. There was global participation with bidders from 30 countries and over 33% new registrants.
Leading the sale were contemporary Patek references featuring the celebrated combination of perpetual calendar and chronograph complications, including a reference 3990EP in platinum set with diamonds that realized $200,000; and a reference 5970J in yellow gold, which sold for $175,000.
Also highlighting the auction was the Patek Philippe Calatrava, ref 570, 18k yellow gold wristwatch, retailed by Hausmann & Co, and owned by the pop art icon and watch collector Andy Warhol, which sold for over three times its estimate achieving $150,000.
Rémi Guillemin, Christie’s Watches Specialist, remarks, “We are extremely pleased with the results of the New York online sale as it closes out the exceptional season of watches at Christie’s. The online auction presented a selection geared to every type of client – from experienced collectors to those looking for their first timepiece. This sale reinforces the continued strength of our online sales platform and the strong appetite of our collectors from around the world.”