Sotheby's sets Auction Record for Wristwatch sold in Asia in US$20m sale

Sotheby’s Hong Kong Autumn 2018

Important Watches

Totals HK$160 Million / US$20.4 Million

*The Most Valuable Wristwatch Sold at Auction in Asia*

*World Record Price For a Pink Gold Reference 2499*

Patek Philippe Pink Gold Reference 2499

Perpetual Calendar Chronograph Wristwatch with Moon Phases

Achieves HK$23,520,000 / US$2,998,800

Patek Philippe - Tiffany & Co. 

*World Record Price for an Automatic Rolex Daytona*

Rolex Platinum Ref 16516 Cosmograph Daytona Wristwatch

with Mother-of-Pearl Dial

Sells for HK$6,840,000 / US$872,100

ROLEX, Platinum Chronograph 

Sam Hines, Sotheby’s Worldwide Head of Watches, commented: “With significant prices for timepieces by both established houses and independent watchmakers, the total of our autumn sale increased 15% year-on-year, making it the highest in the past five years.  The records for the most valuable wristwatch sold at auction in Asia and for an automatic Rolex Daytona demonstrated that buyers are willing to pursue the hottest and most hard-to-find watches available. Whether in London, Geneva, New York or Hong Kong, from sourcing to selling, this is a truly fluid and international market. We look forward to our sale in Geneva on 13 November, where we will continue to offer the rarest and most sought after watches.”  

A press release, including a top 10 is attached and images of the top lots  are available for download here