Christie’sto hold the largest and most valuable watch auction to be organised in the Middle East

Christie’sto hold the largest and most valuable watch auction to be organised in the Middle East

Close to 200 lots estimated at USD 9 to 15,000,000 will be open for bidding online from 24 March to 9 April 2021

Among the watches includedwill be the most in-demand references today, true rarities from Patek Philippe, a selection of highly coveted Rolex references, and prestigious timepieces from independent watchmakers

The Sky Moon Tourbillon Ref. 5002 in platinum (at the time the most complicated watch ever produced by Patek Philippe) may set a new record

With this auction, Christie’s inaugurates what may well become the season of all seasons for the watch market at the international level

DUBAI, 18 March 2021–The market is preparing for amilestone auction event: Watches Online: Dubai Edit will offer the largest selectionof extremely sought-after timepieces ever in the Middle East. This auction inaugurates an exceptional year ahead for Christie’s in the watch universe.

The online event also underscores Dubai’s position as a global hub for vintage and contemporary collectible wristwatches, with the auction comprisingclose to 200 lots estimatedto achieve USD9 million to USD15 million, open for bidding from 24 March to 9 April 2021.

Remy Julia, Chief Watch Specialist at Christie’s Dubai, said “Watches Online: Dubai Edit is without precedent in the Middle East. This auction event is the perfect barometer for current collector demand, be it in the contemporary or the vintage watch space. It brings together into one place exceptional exemplars of watchmaking, in sync with the spirit and passion of the truly discerning collectors in the Middle East.”

PATEK PHILIPPE POTENTIALLY RECORD-SETTING

The exceptionally rare Ref. 5002PSky Moon Tourbillonin platinum(est. USD 1,000,000-1,800,000) – at the timethe most complicated watch ever produced by Patek Philippe and the first ever double-faced wristwatch in the Geneva manufacturer’s history – is sure to attract the most discerning collectors from around the globe. This micromechanical wonder houses 12 of the rarest complications, including a tourbillon and minute repeater.It is joined by a selection of exceptional minute repeaters of the same marque, such as the Ref. 5074P minute repeater perpetual calendar (est. USD400,000-700,000), the imposing Ref. 5014P semi-skeletonised minute repeater perpetual calendar (est. USD400,000-600,000), and the elusive pink gold Ref. 5029 minute repeater (est. USD250,000-350,000) made in 10 pieces per metal (yellow gold, pink gold, white gold and platinum) to commemorate the anniversary of the manufacture in 1997. The possibly unique Patek Philippe Ref. 3990P with a light grey dial (Est. USD200,000-300,000), the Ref. 5071P and Ref. 5971P lead the impressive selection of highly collectible baguette diamond set watches, sure to drive international attention.

ROLEX REIGNS

Among the vintage Rolex watches that are highest on the desirability index, an extremely well-preserved Rolex Dato CompaxRef. 6036, produced circa 1952(est. USD 100,000-180,000). ‘Collectible Tool Watches’ include a Rolex Submariner “Big Crown” Ref. 5510 (USD 125,000-200,000), a Rolex Sea-Dweller Ref. 1665 “Patent Pending” (USD 90,000-120,000), and a rare Rolex Ref. 3525 chronograph in astonishing condition (USD 150,000-300,000).

INDEPENDENT WATCHMAKERS SPIKING UP

Trends on point, the team has curated a selection of 7 F.P. Journe, including 3 timepiecesfrom before 2004, particularly coveted and recognisable by their 3 rhodium-plated brass movements, all made from platinum:Resonance (est. USD 150,000-250,000), Zodiacmade in 150 examples only (USD100,000-150,000) and Octa Automatiquewith an elegant pink dial (USD 100,000-150,000).These have allseen a sharp rise in value over the past 12 months alone.

MINUTE REPEATERS DRAW ATTENTION

In addition to the four Patek Philippe minute repeaters, the sale will also feature 3 examples of Grand complication, and what was at the time among the most complicated and expensive wristwatches in the world:the Gerald Genta Grand Sonnerie and Petite Sonnerie timepieces made in 1994 to commemorate the 25th anniversary of the manufacture.

DAZZLING JEWELLERY WATCHES

Also on offer is an exotic set of six medium-sized AudemarsPiguetRoyal Oak jewellery watches and a unique white gold, diamond, ruby, sapphire and emerald-set brooch indicating three time zones – London, Mecca, and Brunei.

MADE FOR THE MIDDLE EAST

Watches with regional relevance? The selection features vintage Rolex Day-Date ref 1804 models with Eastern Arabic numerals (also called Hindi numerals) or featuring the official crests of regional royalty or armed forces. Prominent timepieces by independent watchmakers with a strong link to the UAE include MB&F LM1 M.A.D. Dubai limited edition and Richard Mille RM 010 MBZ Abu Dhabi Grand Prix edition.

PREVIEW IN DUBAI

These watches will all be on view at Christie’s Dubai DIFC Gate Village 5, Podium Level, between 24th March and 8th April by appointment only.

PRESS CONTACT: Alexandra Kindermann | + 41 79 101 4196 | akindermann@christies.com

About Christie’s  

Christie’s is a name and place that speaks of extraordinary art, unparalleled service and international expertise. Founded in 1766 by James Christie, Christie’s has conducted the greatest and most celebrated auctions through the centuries providing a popular showcase for the unique and the beautiful.Christie’s offers around 350 auctions annually in over 80 categories, including all areas of fine and decorative arts, jewellery, photographs, collectibles, wine, and more. Prices range from $200 to over $100 million. Christie’s also has a long and successful history conducting Private Sales for clients and online sales are offered year-round across all categories. Christie’s global presence is spread across a network of international salerooms and 61 representatives and offices. Christies.com provides detailed articles and videos on the objects offered for sale alongside the latest advances in digital viewing tools to make Christie’s accessible to all.

*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 and are reported net of applicable fees.

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Images available on request

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