Watches & Wristwatches
PATEK PHILIPPE. AN EXCEPTIONAL AND LEGENDARY 18K PINK GOLD PERPETUAL CALENDAR CHRONOGRAPH WRISTWATCH WITH MOON PHASES AND FRENCH CALENDAR, REF. 1518, ONLY KNOWN "FAB. SUISSE", MANUFACTURED IN 1951
Christie’s Hong Kong surged ahead in the Watches market with two autumn sales, Watches Online: Featuring “The Collectibles” Part 1 online sale and Important Watches: Featuring "The Collectibles" Part 2 live sale, which achieved a total of HK$210,836,060 / US$27,248,768, with 88% of lots sold and 107% hammer over low estimate, reflecting the extraordinary appetite for rare and historically significant timepieces. The sales drew vast global participation from 53 countries across 6 continents, with 52% of buyers buying online. Significantly, we witnessed strong participation from new and young collectors, with a 54% rise in new buyers in live sales vs. autumn 2023 (308% increase including online sales).
The auction's headliner, a rare and prestigious Patek Philippe reference 1518 fetched HK$19,130,000 / US$2,472,390, exemplifying the high calibre of offerings that captivate watch enthusiasts.
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Patek philippe. an exceptional and legendary 18k pink gold perpetual calendar chronograph wristwatch with moon phases and french calendar, Ref. 1518, only known "fab. suisse", manufactured in 1951. Sold for HK$19,130,000 on 27 October 2024 at Christie’s in Hong Kong
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