Sotheby's first watch auction made US$2.6 million
Because the only thing better than a new watch, is a new old one.
This week saw Sotheby's first-ever watch auction in the Middle East, and if we were betting men we'd say they're probably going to be doing another one. And rather soon. The inaugural auction made US$2.6 million and included participants from 25 different countries across the world.
Sam Hines, Sotheby’s worldwide head of watches said: “Our first sale in the Middle East and it has been a fantastic opportunity to share our passion with both established and new collectors.
"The results achieved tonight not only demonstrate the deep interest in watches in the region but is also a further testament to the global appetite for exceptional timepieces we have seen since the beginning of the year. 2019 looks very promising and, as we feel encouraged by the strong results achieved tonight, we very much look forward to our next Dubai sale in March.”
Some of the more impressive lots include three watches by Richard Mille (including a rare RM004 Felipe Massa which sold for US$162,000) as well as a Chopard LUC Tourbillon (which went for US$218,750).