Patek Philippe 'Red Dot' Ref. 3448G leads Christie's Important Watches at $2,759,000
On June 12, Christie's achieved a notable triumph at their Important Watches auction, generating a remarkable $17,066,820 in sales. An eye-catching 99% of the lots were sold, with many exceeding their anticipated prices by significant margins, totaling 173%. The global bidder participation included 49% from the Americas, 26% from Europe, the Middle East, and Africa, and 24% from the Asia-Pacific region. The standout item was the Patek Philippe 'Red Dot' Ref. 3448G, fetching an impressive $2,759,000, significantly surpassing its $1,600,000 estimate. Additionally, an Audemars Piguet 18K White Gold Jumping Hour from circa 1928 sold for $1,016,000, nearly 34 times its low forecast.
Key facts
- Christie's Important Watches auction held on June 12.
- Total sales: $17,066,820.
- 99% sold by lot, 173% sold by low estimate.
- 49% of bids from the Americas, 26% from EMEA, 24% from APAC.
- Patek Philippe 'Red Dot' Ref. 3448G sold for $2,759,000.
- High estimate for the 'Red Dot' was $1,600,000.
- Audemars Piguet 18K White Gold Jumping Hour (circa 1928) sold for $1,016,000.
- Audemars Piguet lot achieved nearly 34 times its low estimate.