Home / Knowledge / News / Fashion / Watch market remains buoyant, Sotheby's
Watch market remains buoyant, Sotheby's
Dec '08
Sotheby's London final auction of the year has achieved the second highest total ever for a watches auction at Sotheby's London. The result brings the 2008 total for watches sold at Sotheby's worldwide to $52.9 million.

Among the many highlights in the sale was a white gold Patek Philippe Automatic Astronomical Wristwatch that sold for £103,250 - £20,000 over the low estimate. This important and rare watch was just one of many timepieces by the watchmaker
Patek Philippe to achieve top prices

• A yellow gold automatic perpetual calendar wristwatch sold for £64,850 and a watch of the same reference without moon phases realised £61,250 – both selling comfortably within estimate.

• In addition to these top prices, a unique George Daniels White Gold Millennium Watch one of less than 10 ever made in white gold – neared top estimate to sell for £79,250.

After the sale, Alex Barter, Director and Deputy Worldwide Head of Sotheby's Watches Department, commented on the results: "We are thrilled with the results of today's auction, which achieved a total well in excess of its pre-sale low estimate of £1.1 million and represents the second highest total achieved for a Watches Sale ever at Sotheby's London. The overall results and prices established for rare timepieces of high quality by renowned makers, such as Patek Philippe and George Daniels, which dominated today's top ten, demonstrate that the market for Waches remains extremely buoyant.

Despite the instability in the current market place, 2008 has proved to be a remarkable year for the Watches department at Sotheby's, in each of the locations where we offer watches for sale, and we hope to build on these results in 2009.”

Sotheby's Holdings Inc

Must ReadView All

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Ebay

Apparel/Garments | On 19th Jun 2018

eBay partners with Noon for e-commerce sales in Middle East

Noon, the $1 billion e-commerce venture backed by Dubai businessman...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Advanced Search