RESULTS | HONG KON G | 2 4 MAY 2 0 2 1 | FOR IMMEDIATE RELEASE

Historic Performance for The Auction of the Decade in Asia

Christie’s Hong Kong Watches Spring Auctions Continues to build on a world-record setting year for Christie’s Watches globally Day & Evening sales combined totalled HK$269,277,500 / US$34,850,855 / EUR 28,440,551

The Highest Ever Total for a Various-Owner Watches Sale at Christie’s

Combined Sell-Through Rate of 85% 139% hammer over pre-sale low estimate 43% of lots surpassed pre-sale high estimate

100% sold for The Legends of Time First Evening Auction dedicated to Watches at Christie’s Asia Smashed Original Estimates

10 World Auction Records For References Across Both Sales 8 records for Patek Philippe: Ref. 3448J made for Alan Banbery, and References - 1579R, 2526R, 3450J (any Yellow Gold), 1436J, 1415R, 2481, 2584 Rolex – Ref. 6036 F.P. Journe - Chronometre Souverain Model made especially for George Daniels

Christie’s confirms #1 position in Asia for Watches Taking the lead as the premier platform in offering the most valuable Patek Philippe timepieces and Watches at auction

Private Asian buyers contributed 80% of the total sales value Exceptionally strong global participation from 14 countries

TOP LOT OF THE LEGENDS OF TIME - EVENING AUCTION AUCTION RECORD FOR THE REFERENCE

PATEK PHILIPPE A UNIQUE, EXCEPTIONAL AND HISTORICALLY HIGHLY IMPORTANT 18K GOLD AUTOMATIC PERPETUAL CALENDAR WRISTWATCH WITH ENGLISH CALENDAR, LEAP YEAR INDICATION AND “NO MOON”, REF. 3448 “ALAN BANBERY”, SPECIALLY MODIFIED BY REQUEST OF HENRI AND PHILIPPE STERN IN 1975 AS A UNIQUE PIECE FOR PRESENTATION TO ALAN BANBERY, MANUFACTURED IN 1970

Price Realised: HK$29,050,000 / US$3,759,755 / EUR 3,068,203

Hong Kong – On 22 May 2021, Watches Department marked a milestone moment when it achieved the highest ever total for a various-owner sale for the category at Christie’s, realising HK$269,277,500 / US$34,850,855 / EUR 28,440,551, with a combined sell-through rate of 85%, and 139% hammer above low estimate. The historic occasion was led by the inaugural evening sale “The Legends of Time”, which was 100% sold, totalling HK$144,435,000 / US$18,693,293 / EUR15,254,936, and 152% hammer above low estimate; the day sale “An Exceptional Season of Watches” realised HK$124,842,500 / US$16,157,562 / EUR 13,185,615 with sell-through rates of 83% by lot, 88% by value and 126% hammer above low estimate. The sales attracted intense bidding from watch enthusiasts across 14 countries and 4 continents, setting a total of 10 world auction records for Patek Philippe, Rolex and F.P. Journe references.

Leading the sales was Patek Philippe - a unique, exceptional and historically highly important 18k gold automatic perpetual calendar wristwatch with English calendar, leap year indication and “no moon”, ref. 3448 “Alan Banbery”, specially modified by request of Henri and Philippe Stern in 1975, as a unique piece for presentation to Alan Banbery, manufactured in 1970, HK$29,050,000 / US$3,759,755 / EUR 3,068,203, setting a new auction record for the reference.

Alexandre Bigler, Vice President and Head of Watches, Christie’s Asia Pacific, commented: “Today marked a monumental chapter in watch auction history as our two live sales combined fetched the highest ever sale total for a various-owner Watches auction at Christie's worldwide, setting a new benchmark for the category. Over 50,000 viewers tuned into our auction pre-show conversation with historian, author and watch expert Nick Foulkes, followed by The Legends of Time. Our inaugural Watches evening sale was the first white glove auction of the Spring season and its historic result cements Christie's Asia as the preferred platform for watch collectors and connoisseurs to acquire and offer the very finest horological treasures from across the globe. We are also thrilled to continue Christie's market leadership in offering the most valuable and finest Patek Philippe timepieces at auction and look forward to extending the strong buying momentum in our upcoming online sale: “Watches Online: From 1800 to 2010” (23 May – 3 June).”

Key takeaways:

All 18 lots offered in the evening sale “The Legends of Time” found buyers. On top of the record-breaking star lot – Alan Banbery’s yellow gold Patek Philippe ref. 3448J - some exciting highlights in the evening include:

PATEK PHILIPPE PATEK PHILIPPE PATEK PHILIPPE A MAGNIFICENT AND IMPORTANT AN EXTREMELY FINE, UNIQUE AND AN EXCEPTIONAL AND 18K PINK GOLD WORLD TIME IMPORTANT 18K GOLD TWO CROWN HIGHLY IMPORTANT, HISTORIC AND WRISTWATCH WITH WORLD TIME WRISTWATCH WITH UNIQUE 18K PINK GOLD OPENFACE CLOISONNÉ ENAMEL DIAL DEPICTING 24 HOURS INDICATION, MINUTE REPEATING TWO TRAIN THE EASTERN HEMISPHERE GUILLOCHÉ SILVERED DIAL, GRANDE AND PETITE SONNERIE REF. 1415, MANUFACTURED IN 1949 LUMINOUS HANDS AND KEYLESS LEVER CLOCKWATCH WITH GOLD BRACELET, INSTANTANEOUS PERPETUAL REF. 2523/1, MANUFACTURED IN 1965 CALENDAR, INDICATIONS FOR JULIAN AND GREGORIAN CALENDARS, MOON PHASES AND CHRONOGRAPH WITH CENTRAL 60-MINUTE RECORDER, MADE FOR JEAN DE GRADOWSKI, MANUFACTURED IN 1890

Auction Record for the Reference Price Realised: HK$15,850,000 / Price Realised: HK$14,050,000 / Price Realised: HK$17,650,000 / US$2,051,364 US$1,818,401 US$2,284,326 Almost double its low estimate of 3.5 times over low estimate of More than double its low estimate of HK$8,000,000 / US$1,035,389 HK$4,000,000 / US$517,694 HK$8,000,000 / US$1,035,389

PATEK PHILIPPE PATEK PHILIPPE PATEK PHILIPPE AN EXCEPTIONAL 18K GOLD A UNIQUE AND HIGHLY IMPORTANT A MAGNIFICENT AND VERY RARE 18K WRISTWATCH WITH 18K PINK GOLD ‘SPIDER LUGS’ GOLD AUTOMATIC PERPETUAL SWEEP CENTRE SECONDS AND CHRONOGRAPH WRISTWATCH WITH CALENDAR WRISTWATCH WITH CLOISONNÉ ENAMEL DIAL, TACHYMETER AND ENGRAVED BEZEL, MOON PLASES AND "THE LIGHTHOUSE", REF. 2481, REF. 1579, LEAP YEAR INDICATION MANUFACTURED IN 1954 RETAILED BY GOBBI MILANO, REF. 3450, RETAILED BY GÜBELIN, MANUFATURED IN 1955 MANUFACTURED IN 1985

Auction Record for the Reference Auction Record for the Reference Auction Record for the Reference Price Realised: HK$7,810,000 / Price Realised: HK$5,500,000 / Price Realised: HK$4,375,000 / US$1,010,798 US$711,830 US$556,228

Almost 4 times over the low estimate of HK$2,000,000/ US$258,847

PATEK PHILIPPE PIGUET & MEYLAN AN EXTREMLEY RARE AND A MAGNIFICENT AND HIGHLY IMPRESSIVE 18K PINK GOLD IMPORTANT QUARTER REPEATING AUTOMATIC WRISTWATCH WITH 18K GOLD, PAINTED ENAMEL, PEARL BLACK ENAMEL DIAL AND TURQUOISE SET MUSICAL AND REF. 2526, MANUFACTURED IN 1957 AUTOMATON CENTRE SECONDS WATCH, Auction Record for the Reference MADE FOR THE CHINESE MARKET, Price Realised: HK$5,250,000 / SIGNED PIGUET ET MEYLAN, US$679.474 THE CASE BY FRÈRES OLTRAMARE, NO. 6173/5792, More than double its high estimate of THE ENAMEL ATTRIBUTED HK$2,200,000/ US$284,732 JEAN ABRAHAM LISSIGNOL OR JACQUES-MARC HENRY, CIRCA 1815

Price Realised: HK$4,250,000 / US$550,050

More than 5 times over its low estimate of HK$800,000/ US$103,539

The day sale “An Exceptional Season of Watches”offered extremely rare vintage and modern timepieces from legendary and emerging brands, with almost half of the lots sold above high estimates. Close to a third of the timepieces were hammered to online buyers via Christie’s LiveTM. The top lot of this sale was an important Patek Philippe, the only known 18k gold split seconds chronograph wristwatch retailed by Gübelin, ref. 1436, manufactured in 1965, which was acquired for HK$ 5,500,000 / US$711,830, more than double its low estimate of HK$ 2,400,000 / US$310,617 and set a new auction record for the reference (shown left), and a record for the reference was set by F.P. Journe - an important platinum wristwatch with power reserve, made and presented to pay tribute to George Daniel, Chronomètre Souverain model, circa 2010, realised HK$3,250,000 / US$420,627.

The selection of Rolex timepieces attracted passionate bidding, led by the extremely rare stainless steel chronograph triple calendar wristwatch, ref. 6036, “Jean Claude Killy” Model with “Red Depth”, circa 1953, which sold for HK$5,250,000 / US$679,474, more than double its high estimate of HK$2,400,000 / US$310,617. An impressive and rare 18k pink gold, diamond and rainbow- coloured multi gem-set automatic chronograph wristwatch with bracelet, Daytona Rainbow Model, ref. 116595RBOW, circa 2019, which realised HK$3,500,000 / US$452,982, topped the curation of modern timepieces.

Top top-performing brands in the day sale include:

PATEK PHILIPPE ROLEX ROLEX AN 18K WHITE GOLD AN EXTREMELY RARE AN IMPRESSIVE AND RARE 18K PINK AUTOMATIC WRISTWATCH STAINLESS STEEL CHRONOGRAPH GOLD, DIAMOND AND RAINBOW- REF. 2584, MANUFACTURED IN 1958 TRIPLE CALENDAR WRISTWATCH COLOURED MULTI GEM-SET REF. 6036, AUTOMATIC CHRONOGRAPH Auction Record for the Reference “JEAN CLAUDE KILLY” MODEL WRISTWATCH WITH BRACELET, Price Realised: HK$875,000/ WITH “RED DEPTH”, CIRCA 1953 DAYTONA RAINBOW MODEL, REF. US$113,246 116595RBOW, CIRCA 2019 Auction Record for the Reference Price Realised: HK$5,250,000/ Price Realised: HK$3,500,000/ US$679,474 US$452,982

More than double its high estimate of HK$2,400,000/ US$310,617

F.P. JOURNE IWC AN IMPORTANT A RARE AND HIGHLY COMPLICATED 18K PLATINUM WRISTWATCH WITH WHITE GOLD AND BAGUETTE-CUT POWER RESERVE, DIAMOND-SET LIMITED EDITION MADE AND PRESENTED TO MINUTE REPEATING WRISTWATCH PAY TRIBUTE TO GEORGE DANIEL WITH PERPETUAL CALENDAR, SPLIT CHRONOMETRE SOUVERAIN MODEL, SECONDS CHRONOGRAPH, CIRCA 2010 TOURBILLON, MOON PHASES AND BRACELET Auction Record for the Model EL DESTRIERO SCAFUSIA MODEL, Price Realised: HK$3,250,000/ CIRCA 1995 US$420,627 Price Realised: HK$3,250,000/ US$420,627

4 times above its high estimate of HK$800,000/ US$103,539

BREGUET AUDEMARS PIGUET A VERY RARE STAINLESS STEEL AN EXTREMELY RARE PLATINUM SINGLE BUTTON LIMITED EDITION CHRONOGRAPH WRISTWATCH AUTOMATIC PERPETUAL CIRCA 1948 CALENDAR WRISTWATCH WITH MOON PHASES, LEAP YEAR Price Realised: HK$2,000,000/ INDICATION US$258,847 AND BRACELET, QUANTIEME PERPETUEL MODEL, 5 times above its high estimate of LIMITED EDITION OF 20 PIECES, HK$400,000/ US$51,769. MADE TO COMMEMORATE THE 20TH ANNIVERSARY OF INDONESIA’S RETAILER THE TIME PLACE, CIRCA 2019

Price Realised: HK$1,875,000/ US$242,669

Full results of the Evening Auction: The Legends of Time Full results of the Day Auction: An Exceptional Season of Watches Images of the Featured Highlights: please click here Images of the Evening Sale lots: please click here

Press Contact: Gigi Ho | +852 2978 6719 | [email protected]

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*Please note when quoting estimates above that other fees will apply in addition to the hammer price - see Section D of the Conditions of Sale at the back of the sale catalogue.

*Estimates do not include buyer’s premium. Sales totals are hammer price plus buyer’s premium and are reported net of applicable fees.

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