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November 20, 2018,   11:07 AM

Sotheby's First Middle East Watch Auction Makes $2.6 million

Claudine Coletti

Claudine Coletti is the Managing Editor for Forbes Middle East, focused on planning, writing and... FULL BIO

sam hines during sothebys dubai inaugural watch auction 002

Sam Hines during Sotheby's Dubai Inaugural Watch Auction - picture courtesy of Sotheby's

Sotheby's first watch auction in the Middle East pulled in sales totalling $2.6 million, indicating the region's rising interest in valuable articles.

Eager collectors participated from 25 different countries, with a reported 25% of customers new to Sotheby's.

Among the lots was a RM004 Felipe Massa titanium semi-skeletonized model especially designed for the intensive environments of Formula 1 racing, which made $162,000.

A RM004 Felipe Massa, which made US$162,000.
RM004 Felipe Massa

MB&F (Maximilian Busser and Friends), HM6 limited edition in pink gold, inspired by the 1980s Japanese cartoon Captain Future, went for $162,500 . 

HM6 limited edition in pink gold, circa 2016 made $162,500
HM6 limited edition in pink gold

One of the most valuable lots offered was a rare limited edition Chopard’s L.U.C Tourbillon set in white gold, diamond and sapphire, which sold for $218,750.

Chopard's L.U.C. Tourbillion
Chopard’s L.U.C Tourbillon

Katia Nounou Boueiz, Head of Sotheby’s Dubai, said in a press release: “We have long known that our clients in the Middle East are passionate and knowledgeable about the watch market, but it has been hugely exciting to see this reaffirmed.”

Sotheby's have confirmed a second watch auction will be held in March 2019.

 



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