Live Auction Total: HK$377,968,950 / US$48,483,740
110% Hammer Above Low Estimate
11 Auction Records Achieved for References, led by
The Masterpiece Auction II From The Triazza Collection
Patek Philippe Ref. 2523J ‘Dual Crown World Time’
Totalled: HK$66,625,000 / US$8,546,282
Outstanding Results for Esteemed Single-Owner Collections
Important Watches – Featuring The Triazza Collection Part II
Sale Total: HK$184,625,750 / US$23,682,757
111% Hammer Above Low Estimate
Triazza Collection Parts I and II 100% Sold and Totalled HK$88,045,000 / US$11,293,920
The Ultimate Collection
Sale Total: HK$126,718,200 / US$16,254,701
113% Hammer Above Low Estimate
Hong Kong – This spring season, Christie’s Watches made history with three live auctions, “Important Watches — Featuring The Triazza Collection Part II” and “The Ultimate Collection” on 26 May, followed by “The Masterpiece Auction II From The Triazza Collection” on 28 May, driving the first half sale total for 2023 to HK$443,780,550 / US$56,925,684, the highest ever for the category at Christie’s Asia. An exceptional and historically important Patek Philippe Ref. 2523J ‘Dual Crown World Time’ broke the record for the reference when it reached HK$66,625,000 / US$8,546,282 in a standalone evening auction. Strong participation from 31 countries across 4 continents across the auctions confirms Hong Kong’s status as a powerful global collecting hub for watches. The category remains a gateway to Christie’s for younger collectors, with millennials comprising almost 40% of all the new buyers.
Alexandre Bigler, Senior Vice President and Head of Watches, Christie’s Asia Pacific, commented, “It has been a momentous and market-leading year so far for Christie’s Watches in Asia. After breaking the global record back in March for the most valuable timepiece ever sold online, horological history was made yet again with the spectacular standalone sale of a Patek Philippe Ref. 2523J from the magnificent Triazza Collection, reaffirming Christie’s strength across both live and online watch auctions and in selling the most prestigious single-owner collections. The demand in Asia for rare and exceptional timepieces continues and we very much look forward to presenting more exquisite timepieces to global connoisseurs and enthusiasts throughout the rest of the year.”
The record-breaking single lot from The Masterpiece Auction II From The Triazza Collection:
Patek Philippe. An exceptional, historically and highly important 18k gold two-crown world time wristwatch with 24 hour indication and cloisonné enamel dial depicting the North American map
Ref. 2523j, Manufactured in 1955
Price realised: HK$66,625,000 / US$8,546,282
WORLD AUCTION RECORD FOR THE REFERENCE
TOP LOT OF THE SALE SERIES
Sale highlights of Important Watches – Featuring The Triazza Collection Part II:
In addition to the lot above, seven world auction records were set for the following references:
- Lot 2288 – F.P. JOURNE. Chronomètre à Résonance Model, Ruthenium Limited Edition of 99 Pieces
- Lot 2289 – F.P. JOURNE. Tourbillon Souveraine Model, “China 2010” Limited To 5 Pieces
- Lot 2301 – PATEK PHILIPPE. Ref. 879
- Lot 2332 – PATEK PHILIPPE. Ref. 1595
- Lot 2354 – PATEK PHILIPPE. Ref. 5970J-014, made for The Patek Philippe Watch Art Grand Exhibition London
- Lot 2355 – PATEK PHILIPPE. Ref. 3670A-001
- Lot 2360 – PATEK PHILIPPE. Sky Moon Tourbillon Model, Ref. 5002R-014
Lot 2360
Patek Philippe. A unique, magnificent and highly complicated 18k pink gold double-dial wristwatch with twelve complications including “cathedral” minute repeating, tourbillon, perpetual calendar with retrograde date, moon age and angular motion, sidereal time and sky chart, black dial and diamond indexes.
Sky Moon Tourbillon model,
Ref. 5002r-014, Circa 2012
Price realised: HK$31,835,000 / US$4,083,953
TOP LOT OF THE SALE
Lot 2332
Patek Philippe. A highly appealing and unique 18k pink gold wristwatch with cloisonné enamel dial depicting a Tahiti forest
Ref. 1595, Manufactured in 1952
Price realised: HK$9,450,000 / US$1,212,293
MORE THAN DOUBLED HIGH ESTIMATE
Lot 2289
F.P. Journe. An extremely rare and important platinum limited edition tourbillon wristwatch with power reserve, dead beat seconds and bracelet.
Tourbillon Souveraine model, “China 2010” limited to 5 pieces, Circa 2010
Price realised: HK$9,450,000 / US$1,212,293
Lot 2288
F.P. Journe. A special order and unique 38 mm. Case, platinum dual-time wristwatch with resonance-controlled twin independent gear-train movement and power reserve.
Chronomètre à résonance model, Ruthenium limited edition of 99 pieces, Circa 2004
Price realised: HK$8,190,000 / US$1,050,654
Sale Highlights of The Ultimate Collection:
World auction records were set for the following references:
- Lot 2539 – F.P. JOURNE. Ice Blue Mother-Of-Pearl Dial Chronomètre à Résonance Model, 2019 Edition
- Lot 2542 – F.P. JOURNE. Ruby Dial Tourbillon Souverain Model
- Lot 2603 – PATEK PHILIPPE. Ref. 5270G-024
Lot 2542
F.P. Journe. An extremely rare platinum limited edition tourbillon wristwatch with constant force, dead beat seconds, power reserve and ruby dial.
Tourbillon Souverain model, Circa 2019
Price realised: HK$8,820,000 / US$1,131,474
TOP LOT OF THE SALE
Lot 2539
F.P. Journe. A possibly unique, important and very attractive platinum dual time wristwatch with resonance-controlled twin independent gear-train movement, constant force, power reserve and ice blue mother-of-pearl dial.
Chronomètre à résonance model, 2019 edition, Circa 2019
Price realised: HK$8,190,000 / US$1,050,654
Lot 2605
Patek Philippe. A very rare and highly complicated platinum minute repeating instantaneous perpetual calendar tourbillon wristwatch with moon phases, day/night and leap year indication
REF. 5207P-001, CIRCA 2010
Price realised: HK$5,292,000 / US$678,884
Lot 2603
Patek Philippe. A possibly unique and highly appealing 18k white gold perpetual calendar chronograph wristwatch with moon phases, leap year indication, day/night indication and breguet numerals, double sealed.
REF. 5270G-024, CIRCA 2017
Price realised: HK$3,528,000/ US$452,589
About Christie’s
Founded in 1766, Christie’s is a world-leading art and luxury business. Renowned and trusted for its expert live and online auctions, as well as its bespoke private sales, Christie’s offers a full portfolio of global services to its clients, including art appraisal, art financing, international real estate and education. Christie’s has a physical presence in 46 countries, throughout the Americas, Europe, Middle East, and Asia Pacific, with flagship international sales hubs in New York, London, Hong Kong, Paris and Geneva. It also is the only international auction house authorized to hold sales in mainland China (Shanghai).
auctions span more than 80 art and luxury categories, at price points ranging from $200 to over $100 million. Christie’s has sold 8 of the 10 most important single-owner collections in history, including the Paul G. Allen Collection—the most valuable collection ever offered at auction (November 2022). In recent years, Christie’s also achieved the world record price for an artwork at auction (Leonardo da Vinci’s Salvator Mundi, 2017), for a 20th century artwork (Andy Warhol’s Shot Sage Blue Marilyn, 2022) and for a work by a living artist (Jeff Koons’ Rabbit, 2019). Christie’s Private Sales offers a seamless service for buying and selling art, jewellery and watches outside of the auction calendar, working exclusively with Christie’s specialists at a client’s individual pace.
Following the groundbreaking 2021 sale of the first digital art NFT ever offered by a global auction house (Beeple’s Everydays), Christie’s recently launched the first fully on-chain auction platform dedicated to exceptional NFT art. As an industry leader in digital innovation, Christie’s also continues to pioneer new technologies that are redefining the business of art, including the use of hologram technology to tour life-size 3D objects around the world, and the creation of viewing and bidding experiences that integrate augmented reality, global livestreaming, buy-now channels, and hybrid sales formats.
Christie’s is dedicated to advancing responsible culture throughout its business and communities worldwide, including achieving sustainability through net zero carbon emissions by 2030, and actively using its platform in the art world to amplify under-represented voices and support positive change.
Browse, bid, discover, and join us for the best of art and luxury at: www.christies.com or by downloading Christie’s apps.
* Please note when quoting estimates above that other fees will apply in addition to the hammer price – see Section D of the Conditions of Sale at the back of the sale catalogue.
*Estimates do not include buyer’s premium. Sales totals are hammer price plus buyer’s premium.