Christie’s closed out a year that saw uncertainty in both the retail and vintage watch markets with a resounding bang, bringing in more than $8.5 million dollars at its Rare Watches Including Nautilus 40 Part IV sale held on December 6 at Rockefeller Plaza in New York City. Today, Design Limited Edition reveals you Christie’s 2016 watch auctions in exception fashion. And you will love it!
The top lot from the sale was an 18-karat pink gold Patek Philippe ref. 5074R, an automatic wristwatch with minute repeater and perpetual calendar complications that sold for a remarkable $511,500—just shy of its presale high estimate.
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Another highlight from the auction, however, left its presale estimate in the dust when a stainless steel triple calendar chronograph Rolex ref. 6037 sold for $499,500—a truly astonishing $400,000 more than expected.
The sale also marked the conclusion of Christie’s multi-auction thematic section commemorating the 40th anniversary of Patek Philippe’s Nautilus. All 10 examples that were brought to the block sold for higher than their estimated price.
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Christie’s specialists look back over a year in which the company celebrated its 250th anniversary and countless world auction records were set for stunning art and objects. Luxury watches are in the auctioned objects that marked this year.
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