About Dh10m raised at watch auction

Nearly Dh10 million was raised at a Dubai watch auction day, organized by Christie’s, a company into art business.

The auction realised Dh9,748,172 ($2,681,688) selling 85% by lot and 86% by value, with registered bidders from 25 countries across 5 continents.

Comprising 176 lots, the auction at Christie’s Dubai saw bidding in the saleroom, on the telephones and with clients utilising the opportunity to bid from around the globe online.

The most expensive watch that was sold was a Patek Phiippe, followed by Roger Dubuis and Rolex. Here is the list of the top 10 costliest watches sold.

     Watch brand             price

1 Patek Phiippe              Dh563,439

2. Roger Dubuis             Dh454,386

3. Rolex                           Dh327,158

4. Richard Mille             Dh318,070

5. Louis Audemars        Dh272,632

6. Rolex                           Dh249,912

7. Patek Phiippe            Dh215,833

8. Rolex                           Dh204,474

9. Richard Mille              Dh195,386

10. Patek Philippe          Dh181,754

“This sale was quite remarkable as we had the opportunity to not only add another 176 selected lots to the extensive 2050 lots of jewels and watches offered over the past 10 years, but this was one of the largest selection of timepieces we offered for auction in the history of Christie’s Dubai,” said Remy Julia, the Watch Specialist in charge of the sale in the Middle East.

“This year especially, the Dubai important watches auction showed the depth in the market and the request of collectors from around the world for unique, limited edition and vintage watches. As ever, buying from private collectors was very active throughout the sale, resulting in 92% of the 176 lots bought privately.”

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