TrendsMar 17, 2023
Piece of the Week: Anita Ko’s Award-Ready EarringsAuctionsMar 24, 2023
Piece of the Week: The $5.8M Patek Philippe ‘Sky Moon Tourbillon’
Sold by Christie’s Hong Kong, this masterwork of complications now holds the record for most expensive watch ever auctioned online.
The original owner of this Patek Philippe Grand Complications “Sky Moon Tourbillon” bought it at the Patek Philippe boutique in Geneva in 2015. On Wednesday, the watch got a new owner, who paid $5.8 million for the timepiece at Christie’s Hong Kong’s online watch auction.
On Wednesday, Christie’s Hong Kong sold one of Patek Philippe’s “Grand Complications” for nearly $6 million to an internet bidder, raising the bar for online watch auctions.
The Patek Philippe Grand Complications “Sky Moon Tourbillon” Ref. 6002G-001 is a double-face wristwatch featuring 12 complications and a total of 705 parts.
The complications include: minute repeater with two “cathedral” gongs, tourbillon, perpetual calendar, retrograde date, moon phases, leap year indication, and, on the second dial, sidereal time, sky chart, and phases and orbit of the moon.
The complications are housed in a 44 mm hand-engraved 18-karat white gold case with, in the case of this watch, a blue cloisonné and champlevé enamel dial and blue alligator strap.
At Christie’s online auction held Wednesday, the hammer came down at $45.5 million Hong Kong dollars ($5.8 million) on this particular Sky Moon Tourbillion, making it the most expensive watch ever auctioned online.
The Sky Moon Tourbillon accounted for more than half of the auction’s total ($8.4 million, with 93 percent of lots sold) and demonstrated consumers’ continued willingness to buy significant pieces online, said Alexandre Bigler, vice president and head of watches for Christie’s Asia Pacific.
“The outstanding results established for ‘Watches Online: Top of the Time’ demonstrate the power of Christie’s online sale platform to present exceptional lots and achieve top prices, on par with our live sales,” he said.
“There continues to be an extremely vibrant market for watches across the world, evidenced through the avid global bidding this sale witnessed.”
For full results from Christie’s Hong Kong’s “Watches Online: Top of the Time” sale, visit the auction house’s website.
Related stories will be right here …
The Patek Philippe Grand Complications “Sky Moon Tourbillon” Ref. 6002G-001 is a double-face wristwatch featuring 12 complications and a total of 705 parts.
The complications include: minute repeater with two “cathedral” gongs, tourbillon, perpetual calendar, retrograde date, moon phases, leap year indication, and, on the second dial, sidereal time, sky chart, and phases and orbit of the moon.
The complications are housed in a 44 mm hand-engraved 18-karat white gold case with, in the case of this watch, a blue cloisonné and champlevé enamel dial and blue alligator strap.
The sidereal time, sky chart, and phases and orbit of the moon complications are located on the reverse side of the Patek Philippe “Sky Moon Tourbillon.” The watch is one of the Patek Philippe’s “Grand Complications,” the umbrella term applied to the most complicated, rarest watches the company makes.
At Christie’s online auction held Wednesday, the hammer came down at $45.5 million Hong Kong dollars ($5.8 million) on this particular Sky Moon Tourbillion, making it the most expensive watch ever auctioned online.
The Sky Moon Tourbillon accounted for more than half of the auction’s total ($8.4 million, with 93 percent of lots sold) and demonstrated consumers’ continued willingness to buy significant pieces online, said Alexandre Bigler, vice president and head of watches for Christie’s Asia Pacific.
“The outstanding results established for ‘Watches Online: Top of the Time’ demonstrate the power of Christie’s online sale platform to present exceptional lots and achieve top prices, on par with our live sales,” he said.
“There continues to be an extremely vibrant market for watches across the world, evidenced through the avid global bidding this sale witnessed.”
For full results from Christie’s Hong Kong’s “Watches Online: Top of the Time” sale, visit the auction house’s website.
More on Auctions
The Latest
EditorsNov 15, 2024
Why Fine Jewelry Belongs at New York Comic ConSenior Editor Lenore Fedow makes the case for why more jewelers should be appealing to nerds at the annual event.
CollectionsNov 15, 2024
Marie Lichtenberg Battles Counterfeits with New ‘Raiz’in Scapular’ DesignsThe latest “Raiz’in” drop showcases a newly designed “Scapular” necklace and donates a portion of the proceeds to Make-A-Wish France.
WatchesNov 15, 2024
Piece of the Week: Citizen’s Commemorative Pocket WatchNo. 1 out of 100, the timepiece was created to mark Citizen’s 100th anniversary and will be auctioned off at Sotheby’s next month.
Brought to you by
Navigating Cybersecurity: Essential Guidance for JewelersFrom protecting customer data to safeguarding inventory records, it's crucial to learn how to tackle cybersecurity challenges.
Recorded WebinarsNov 15, 2024
Watch: 10 Tips to Keep Your Jewelry Store Secure On the latest episode of “My Next Question,” two experts share best practices for store security during the holidays and year-round.
Weekly QuizNov 14, 2024
This Week’s QuizTest your jewelry news knowledge by answering these questions.
MajorsNov 14, 2024
Saks Fifth Avenue Cancels Holiday Light DisplayInstead of its usual elaborate display, the store will illuminate its façade and frame the windows to highlight its flagship’s architecture.
WatchesNov 14, 2024
Grand Seiko Partners With Ben Bridge on First Hawaii Store The new Grand Seiko boutique is located in Honolulu’s Waikiki neighborhood.
Brought to you by
Enhance Your Expertise with IGI’s In-Person Courses in NYCThis fall, sharpen your skills in jewelry grading, quality control and diamond assessment.
SourcingNov 13, 2024
Gem Legacy Adventures Announces 2025 Trip Eleven spots are available for travelers to visit Northern Tanzania and Southern Kenya from July 25 to Aug. 4.
AuctionsNov 13, 2024
‘Exceptional’ Burmese Ruby Ring Tops $5M at Auction Phillips also sold a 1.21-carat fancy red diamond dubbed the “Red Miracle” for more than $1 million at its jewelry auction in Geneva.
MajorsNov 13, 2024
Ariana Grande, Anya Taylor-Joy Star in Holiday Jewelry CampaignsFrom Swarovski to Tiffany & Co., jewelry retailers are enlisting celebrities to highlight their holiday offerings.
MajorsNov 13, 2024
Royal Chain’s New Catalog Is Out NowThe 2024-2025 book introduces hundreds of new designs.
FinancialsNov 12, 2024
Cartier, Van Cleef & Arpels Continue to Shine for Richemont Richemont’s jewelry sales ticked up 2 percent in the first half of the year, while watch sales plummeted 17 percent.
GradingNov 12, 2024
GIA’s Next-Day Services Return for the HolidaysOffered by the lab since 2016, the holiday season special is good from now through mid-December.
CollectionsNov 12, 2024
Mikimoto and Chrome Hearts Blend Aesthetics in New CollaborationThe “Mikimoto Chrome Hearts” jewelry brings pearls from Mikimoto together with distinctive motifs from Chrome Hearts.
CollectionsNov 08, 2024
Piece of the Week: Larkspur & Hawk’s ‘Tapestry Lily’ Earrings These earrings use flat-backed white quartz to create a window onto an antique ribbon embroidered with a floral design.
Events & AwardsNov 08, 2024
AGTA Reveals Spectrum, Cutting Edge Award Winners for 2024This year’s AGTA Spectrum & Cutting Edge Awards included a new category for engagement rings and a new award highlighting female designers.
FinancialsNov 08, 2024
Brilliant Earth’s Q3 Sales Fall 13%Plus, CEO Beth Gerstein shares her insight on the holiday season and the possibility of new tariffs.
TrendsNov 07, 2024
Amanda’s Style File: Golden and Blue November HuesThe month’s birthstones, citrine and blue topaz, reflect the changing colors of the season.
CollectionsNov 07, 2024
Sidney Garber Collaborates With Carey Lowell on Capsule CollectionThe “Carey Lowell x Sidney Garber” collection stems from the friendship between the jewelry designer and ceramicist.
MajorsNov 07, 2024
Ritani Debuts ‘No-Fuss’ Holiday TV CampaignThe two ads highlight diamond engagement rings and diamond studs with a straightforward approach.
Policies & IssuesNov 07, 2024
Diamonds Do Good To Distribute $250K+ In Grants Next YearIn 2025, the nonprofit plans to continue its support of longstanding partners while also allocating some funds to a new initiative.
AuctionsNov 06, 2024
Two Rolexes With Ties to Titanic Head to AuctionThe Rolex watches are from the collection of “Titanic” co-producer Alfred “Al” Giddings and will go up for sale at Sotheby’s next month.
FinancialsNov 06, 2024
Pandora Posts Double-Digit Revenue Growth in Q3The Danish jewelry company plans to open up to 150 concept stores this fiscal year.
GradingNov 06, 2024
GIA to Close Lab in Ramat Gan, IsraelThe location will close by the end of the year due to it being financially unsustainable, GIA said.
MajorsNov 06, 2024
David Yurman’s Holiday Campaign Celebrates ‘Moments of Joy’The new campaign stars Sterling K. Brown, Hero Fiennes Tiffin, Winnie Harlow, Kyle Kuzma, Arizona Muse, and Iris Law.
CollectionsNov 05, 2024
Jacquie Aiche is Hosting an Online Treasure HuntOne lucky winner will receive a “Lizzie” diamond bracelet.
