In 2023, luxury sales at Christie’s Asia have achieved a running total of HK$2.15 billion (US$277 million). The Hong Kong Autumn Auctions spanning jewellery, watches, handbags, and wine realized a market-setting HK$822,157,000/US$105,964,609, with an exceptional overall sell-through rate of 91 percent by lot.
These impressive results reflect the appeal of Christie’s sale curation and astute pricing strategy for the market in the region, significantly driven by digital participation and an influx of new and younger buyers.
Magnificent Jewels and The Pink Supreme | 27 November
Autumn Live Sale total: HK$491,395,000/US$63,333,998
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The second highest autumn auction total for the category in Asia since 2017
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Exceptional 96 percent hammer price achieved against the pre-sale estimate
2023 running sale total at Christie’s Asia: HK$1.08B/US$139,545,562
On Nov. 27, 2023, Christie’s Hong Kong presented Magnificent Jewels & The Pink Supreme in a live auction, which achieved a sale total of HK$491,395,000/US$63,333,998, demonstrating the strength of the market in Asia for the category.
The sale’s diverse curation of colored and colorless diamonds, jade, and creations from renowned jewelry houses resulted in an exceptional hammer price of 96 percent against the pre-sale estimate. The sale was led by The Pink Supreme—a 15.48 carat fancy intense pink internally flawless Type Ila diamond—which went for HK$83,875,000 /US$10,810,322 (price per carat: HK$5,418,282/US$700,000), and continues Christie’s strong track record in offering the rarest exquisite colored diamonds.
READ THE JEWELLERY TOP 10 HERE
Watches | 26 November
Autumn Live Sales total: HK$222,231,750 / US$28,642,583
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The second highest autumn sale total at Christie’s Asia
Highest ever annual sale total for the category in Asia: HK$683 million/US$88 million
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Christie’s Watches proudly leads the market in Asia
On Nov. 26, 2023, Christie’s Hong Kong presented three live watches auctions—Important Watches, The OAK Collection Part I, and The Philippe & Elisabeth Dufour Foundation Charity Auction, which together achieved a sale total of HK$222,231,750/US$28,642,583, the second highest autumn total at Christie’s Asia. The excellent results attest to the sales’ quality selection of timepieces and strong pricing approach for the market, which drew vast global participation from 39 countries spanning five continents, with millennials comprising 40 percent of new buyers.
Patek Philippe: An important, extremely rare and incredibly well-preserved 18k pink gold perpetual calendar chronograph wristwatch with moon phases and Portuguese calendar, ref. 1518, second series, manufactured in 1950. Price: HK$19,735,000/US$2,543,567
Wine and Spirits | 24-25 November
Autumn Live Sales total: HK$53,543,750/US$6,901,045
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Quality offering 94 percent sold by lot
On 24 and 25 November, Christie’s Hong Kong presented two live sales of wine and spirits, achieving a combined total of HK$53,543,750/US$6,901,045. The outstanding offering across the sales resulted in a high sell-through rate of 94 percent by lot. Christie’s were honoured to present the first part of the superb European single-owner cellar of Dr A. Botenga, which was extremely well received, with success in iconic offerings from renowned Bordeaux Châteaux and Burgundy Domaines. A second offering of the cellar will be sold live in London on 1 December. Fine and Rare Wines & Spirits Online: Festive Edition continues to welcome bidding until 1 December, and Fine and Rare Wines & Spirits Online: Featuring Rarities from the Cellar of a British Writer is open until 7 December.
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