Christie's Rare Watch Auction result suggests bottomless demand for collectible pieces

This week’s Christie’s Rare Watches auction in Switzerland focused more on volume than rival sales over the weekend, and generated over $12 million from the 221 lots, mainly consigned items from private collectors from Europe. Phillips, with its neighboring Daytona Ultimatum auction brought in over $22 million, from just 32 Rolexes. Both were successes, underlining the continuing enthusiasm for classic timekeepers from investors and collectors across the world. Sabine Kegel, head of Christie’s Geneva Watch Department commented: “Over the past three days of viewing we welcomed over 1200 visitors from around the world Today’s room was dynamic and unique and privately consigned watches drew strong interest The balanced offering of vintage and modern watches was well received by all, including bidding via Christie’s Live, which increased by one third compared to November 2017.

Many lots doubled, tripled or quadrupled their pre-sale estimates, such as lot 42, a Jaeger-LeCoultre, made for the 1952 Roland . Source