Important Watches

On 11 June 2013, Christie’s New York auction of Important Watches achieved a total result of US$7,927,663 (£5,073,704 / €5,945,747), selling 87% by lot and 94% by value.

The star lot of the day-long auction was the history changing Stephen S. Palmer Patek Philippe Grand Complication No. 97912 which achieved an impressive $2,251,750. Manufactured in 1898, this 18k pink gold openface minute repeating perpetual calendar split-seconds chronograph clockwatch with grande and petite sonnerie, and moon phases is a spectacular addition to scholarship surrounding Patek Philippe and Grand Complications in general.

Aurel Bacs, International Head of Watches, commented: “Today’s auction marked an unparalleled event at Christie’s New York flagship saleroom in Rockefeller Center. The sale of Stephen S. Palmer Patek Philippe Grand Complication, No. 97912 cements Christie’s leadership in the category of the world’s most exceptional and rare timepieces. We were thrilled to see such active participation across 30 countries, 5 continents and over 250 Christie’s LIVE™ bidders demonstrating the ever increasing demand of our exceptionally curated sales.”