New York – Important Watches of Exceptional Provenance, Featuring The Kairos Collection Part III, presented across two evening sales on 8-9 June, totaled $21,743,070, setting a new record for the highest total ever for a watches auction at Christie’s New York. The auction was sold 97% by lot, 141% hammer above value, and attracted global participation from 30 countries and 19% new registrants. 58% of all lots surpassed pre-sale high estimates.

The sale was highlighted by the grand finale of The Kairos Collection, which achieved $13,895,160. The collection of 128 extraordinary modern Patek Philippe timepieces totaled $21,885,101 globally from auctions across Geneva, Hong Kong and New York. The New York session was led by Patek Philippe Ref. 5531R-012, an exceptional 18k rose gold Grande Complication watch, which sold for $2,220,000.

Additionally, the sale presented a variety of important watches of exceptional provenance, most from original owners and families. Some of the highlights include a rare Rolex “Patent Pending”, “Double Red” Sea Dweller, Ref. 1665, which sold for $176,400, and a Patek Philippe Ref. 2526J, a newly discovered 18k yellow gold wristwatch retailed and signed by Tiffany & Co., which realized $144,900.

Keith Davis, Head of Watches, Christie’s Americas, commented: “We are pleased with strong results for watches throughout this season, having achieved a new record for the highest valued watches sale at Christie’s New York in only 137 lots. This season, we were especially proud to present The Kairos Collection of extraordinary Patek Philippe timepieces across three sale sites and it far surpassed estimates, totaling $21.8 million globally.  Overall, the auction realized a robust sell through rate of 97% by lot with results by renowned and independent watchmakers. It is a true testament to the strong demand for watches of exceptional provenance and rarity. We look forward to continuing the momentum of the season with our New York online sale, now open for bidding through 17 June.”