Following a spectacular 2021 for watch sales, Christie’s Dubai opens the new season with timepieces bound to resonate.
Dubai, 9 February 2022 – Christie’s is delighted to announce its ‘Watches Online: The Dubai Edit’ Spring 2022 auction will be taking place from March 15th to 30th, 2022. A curated selection of more than 150 watches will be on view at Christie’s Dubai during the course of the online sale and the Dubai-based team of watch specialists will be available at the gallery to discuss the watches on offer.
This Dubai sale is the first Christie’s watch auction of 2022 and follows an exceptional year of results for the company. Here are 5 key statistics that encapsulate our 2021 season:
- Record year with sales totalling US$205 million: +257% increase vs 2020 and +157% vs 2019
- Average sell-through rates: 90% by lot.
- Bidders and buyers welcomed from 73 countries.
- 41% of all registrants in 2021 were new to Christie’s.
Remy Julia, Head of Watches Christie’s Middle East, India & Africa, shared:
“Christie’s Watches Dubai set many new records in 2021, including the highest annual total for watch auctions in the region at US$24.5 million. The Patek Philippe Ref. 5002-P Sky Moon Tourbillon sold for $1,590,000 setting a new record for the most expensive watch in the Middle East as well the most expensive watch ever sold online at Christie’s. The ‘Watches Online: The Dubai Edit’ sale in April 2021 totalled US$14.1 million, the highest result for any online watch sale at Christie’s.
Dubai has earned its place as a key hub for collectors and the place where sellers can be sure of achieving strong prices for exceptional pieces. This spring’s online sale from 15 to 30 March at Christie’s Dubai further cements our position in the market, and we look forward to engaging with the growing community of appreciators of rare, exceptional and always desirable timepieces.”