Record Year For Watches At Sotheby’s

Highest Annual Total in the Company’s History Auction Sales Top $109 million *Up 22% on 2018*

Driven by Record Prices, including for An Independent Watchmaker and An English Watch $4.6m for George Daniels’ Legendary “Space Traveller I”

Landmark “Masterworks of Time” Collection Generates Enthusiasm among International Collectors

2019 In Figures

A Record Year

• Auction sales achieved an unprecedented $108.7m – up 22% on 2018 (153% on 2010)

• 44% of the lots realised prices over their high estimate • Average lot value: $49,000 (up 10% on last year) • 7 timepieces sold over $1m (16 over $500,000) • Record for an English watch & an independent watchmaker: $4.6m for George Daniels’ Space Traveller I

• Record year for private sales • More Sales – New Experiences: Record number of lots sold: 3,369 lots (24% more than last year) Cars & Watches: Auction highlights are exhibited alongside RM Sotheby’s flagship sales around the world

An Ever-Expanding Globalized Market

• 100 countries across the globe participated in our watch sales (17% more than last year)

• Half of the buyers had never taken part in watch auctions at Sotheby’s before

The Continued Growth of Online Sales

• 56% of the lots sold online, four times more than five years ago • 80% of the bidders participated online • 65% of the buyers placed their winning bids online (up 20% over last year)

• The proportion spent online has more than tripled in the past five years. This year, it was up 22% over 2018

IW501099 Big Pilot watch – Worn by Bradley Cooper at the 91st Academy Awards

• Top Watch sold online set an auction record for a Millennium wristwatch by George Daniels: a Millennium in yellow gold from 2000 sold for US$ 289,800 in Hong Kong in April.

Lot 2300 – George Daniels, Millennium, Yellow Gold Automatic Centre Seconds Wristwatch With Date 036

• Online-only Sales have doubled in value since 2018. Many of these were driven by innovative thematic and partner sales. For example in February, an IWC Big Pilot’s watch that was worn by Oscar nominee Bradley Cooper while attending and performing at the 91st Academy Awards ceremony, sold for $75,000. Proceeds went to the Antoine de Saint-Exupéry Youth Foundation.

HIGHLIGHTS

MASTERWORKS OF TIME – History in the Making

Pocket watches stole the show this year, with “Masterworks of Time”, one of the most important collections of timepieces remaining in private hands, setting many landmarks. With two additional auctions scheduled in 2020, the first wave of auctions has already brought $15.8 million, thereby surpassing the low estimate for the entire 800-watch strong collection (est. $15-27m). Two of the highest prices of the year were achieved in London in July:

George Daniels, London, The Space Traveller I, 1982

World record for a timepiece by an independent watchmaker and an English watch: George Daniels’ legendary “Space Traveller I”, rocketed to a sky-high $4.6m – over 30 times the price set by the watch 31 years ago (pictured left and on p.1). Conceived to honour the astronauts that the great watchmaker so admired, this is one of the most technically accomplished watches of all time. For further information, a post-sale release is available here.

George Daniels, London, The Space Traveller I, 1982 [Front View]

Record for a 17th-Century Watch: A masterpiece of enamel, Jehan Cremsdorff’s extraordinary gold, enamel and diamond-set verge watch, realized $2.7 million. When this watch last appeared at auction in 1986, it took collectors by storm, soaring to CHF 1.8 million ($998,336) – then the highest price for any pocket watch ever sold at auction.

Jehan Cremsdorff – Gold Enamel and diamond-set verge watch 1650
Jehan Cremsdorff – Gold Enamel and diamond-set verge watch 1650 (front)

PRIDE OF PLACE FOR PATEK PHILIPPE

A Reference 2499, first series made in 1951 realised US$ 1.5m

• A Skymoon Tourbillon Reference 5002 in pink gold, circa 2011 fetched US$ 1.4m

Lot 2356 – Patek Philippe, Reference 5002 Skymoon Tourbillon

• A Skymoon Tourbillon, reference 5002p-001 from 2006 fetched US$ 1.1m

Lot 184 – Patek Philippe reference 2497

• Record for a Reference 2497 in pink gold: a model from 1953 with a remarkable case by Emile Vichet achieved US$ 979,775

Lot 184 – Patek Philippe reference 2497

• Record for a Reference 5208: a reference 5208P-001 from circa 2014 made US$ 888,145

Lot 2328 – Patek Philippe Reference 5020

• Record for aReference 5020: a possibly unique platinum perpetual calendar chronograh made in 2008 achieved US$ 709,900

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Upcoming Auctions: Mario Buatta: Prince Of Interiors At Sotheby’s New York

January 23-24, 2020 | 10:00 AM EST | New York

Sotheby’s will present furniture, fine art and decorative objects from the personal collection of the late, legendary interior designer Mario Buatta in a dedicated two-day auction that will take place during one of the busiest weeks on the New York art market calendar, alongside with both The Winter Show and the house’s Americana Week sales series in New York in January 2020.

Mario Buatta with his line of fabric

View Catalogue Volume One: https://www.sothebys.com/pdf/2019/N10304_Vol_1/index.html

View Catalogue Volume Two: https://www.sothebys.com/pdf/2019/N10304_Vol_2/index.html

Mario Buatta: Prince of Interiors will offer a diverse array of nearly 1,000 works that Mr. Buatta lived with in his Upper East Side apartment in New York City as well as the William Mason House – an historic gothic-style home in Thompson, Connecticut – and feature many pieces that have long been admired in showhouse rooms and shelter magazines over the years.

Mario Buatta’s Living Room, New York City. Image copyright Scott Francis OTTO

Most influenced by the understated elegance of Colefax and Fowler and the doyenne of exuberant American decor, Sister Parish, Buatta reinvented the English Country House style stateside for clients such as Henry Ford II, Barbara Walters, Malcolm Forbes, Mariah Carey, Patricia Altschul and for Blair House, the President’s guest quarters. The collection comprises: English and Chinese Export porcelain; English pottery and Dutch Delft; English enamels, silver, and glassware; numerous examples of English and Continental furniture, with a particular focus on lacquered, japanned and penwork items; an ensemble of fine art, accented by his well-known collection of dog paintings and many more eclectic objects that illustrate his incomparable personality. With estimates ranging from $500 to $50,000, the sale will present collectors and admirers at all levels with a unique opportunity to acquire a piece of Mr. Buatta’s influential aesthetic.

The New York auction on January 23 and 24 will be preceded by a public exhibition opening January 16 in Sotheby’s York Avenue galleries. (See below for dates and times.)

Sessions

SESSION 1: 23 JAN 2020 | 10:00 AM

SESSION 2: 24 JAN 2020 | 10:00 AM

Exhibition Times

New York

THU, 16 JAN 20 | 02:00 PM – 05:00 PM EST

FRI, 17 JAN 20 | 10:00 AM – 05:00 PM EST

SAT, 18 JAN 20 | 10:00 AM – 05:00 PM EST

SUN, 19 JAN 20 | 01:00 PM – 05:00 PM EST

MON, 20 JAN 20 | 10:00 AM – 05:00 PM EST

TUE, 21 JAN 20 | 10:00 AM – 05:00 PM EST

WED, 22 JAN 20 | 10:00 AM – 05:00 PM EST

Christie’s Announces Americana Week 2020

Christie’s has announced Americana Week 2020, a series of auctions, viewings and events, to be held January 11-24, 2020. The week of sales (to be held at Christie’s New York at Rockefeller Center) is comprised of Outsider Art on January 17th, Chinese Export Art Featuring the Tibor Collection, Part II on January 23rd, and Important American Furniture, Folk Art and Silver on January 24th.

Bill Traylor, Man on White, Woman on Red , Man with Black Dog (double-sided) 1939-1942, ($200,000-400,000) from the Collection of Alice Walker

Object highlights across the week include a majestic composition by Edward Hicks Peaceable Kingdom ($1,500,000-3,500,000), The Gould Family Queen Anne Carved Walnut High Chest-of-Drawers, Newport, 1750-1770 ($300,000-400,000), Bill Traylor’s Man on White, Woman on Red / Man with Black Dog (double-sided) ($200,000-400,000) from the Collection of Alice Walker, a double-sided work by Henry Darger Untitled (188/189), double sided ($400,000-600,000) and notable Outsider Art works from The William Louis-Dreyfus Foundation. Works of rarity and fine craftsmanship include a pair of Chinese Export Porcelain ‘Soldier’ Vases and Covers, early Qianlong Period, circa 1740 ($100,000-150,000) and an Important American Silver, Gold and Enamel Vase by Louis Comfort Tiffany in 1915 ($100,000-150,000).

Americana Week 2020 will offer over a curation of more than 560 lots across the three live auctions. Viewings begin with the Outsider Art sale opening on January 11th at the Rockefeller Center galleries with the remaining two auctions, Chinese Export Art and Important American Furniture, Folk Art and Silver, opening on January 15th. In conjunction with the sales, Christie’s will host the annual Eric M. Wunsch Award for Excellence in the American Arts on Wednesday, January 22 at 6pm honoring Laura Beach, Lita Solis-Cohen, and Mira Nakashima, as well as a Christie’s Lates event on Wednesday, January 15 combining a preview of the auctions, music and specialist talks.

Americana week 2020 | Overview of Sales

OUTSIDER ART | JANUARY 17 | 10AM

On January 17 Christie’s will offer 130 lots of Outsider Art featuring rare and important masterpieces from the category’s top artists, including Bill Traylor, William Edmonson, Henry Darger, Thornton Dial and Martin Ramirez, among others.

The sale presents a strong selection of 8 works by Bill Traylor, including Man on White, Woman on Red / Man with Black Dog (double-sided) 1939-1942 ($200,000-400,000), a double-sided work gifted from filmmaker Steven Spielberg to writer Alice Walker after the conclusion of filming The Color Purple, and Red Man on Blue Horse with Dog from The Louis-Dreyfus Family Collections ($150,000-250,000). A large scale watercolor and carbon transfer narrative work by Henry Darger, Untitled (188,189), double sided ($400,000-600,000), a minimalist and modern sculpture by William Edmondson, Figural Birdbath, 1930s ($250,000-500,000), and Augustin Lesage’s highly detailed and colorful Untitled, 1945 ($100,000-150,000) are among the additional top lots in the sale.

The sale features a strong selection of works by European and Asian artists, such as Adolf Wolfli, Guo Fengyi, and Hiroyuki Doi, as well as remarkable pieces by American artists including William Hawkins, AG Rizzoli, and Judith Scott. The auction includes important selection of works from The William Louis-Dreyfus Foundation, sold to benefit the Harlem Children’s Zone and the Foundation.

CHINESE EXPORT ART FEATURING THE TIBOR COLLECTION, PART II | JANUARY 23 | 10AM

Chinese Export Art Featuring the Tibor Collection, Part II, taking place in New York on January 24th, presents 166 lots of porcelain and paintings made for the great commerce between China and the West in the 17th, 18th and 19th centuries. The variety on offer includes blue and white, famille verte, famille rose, armorial pieces and rare European subjects.

Leading the offerings from the Tibor Collection is a pair of Famille Rose Soldier Vases and Covers, Qianlong Period (1736-1795) ($100,000-150,000).

The sale is led by a rich assortment from the Tibor Collection, which encompasses every category of Chinese export porcelain – from small, charming teawares to massive pairs of important jars – gathered from Latin America, Europe and the U.S. The collector was drawn to figure and animal models, including lifelike Chinese porcelain birds, pairs of pups to mythical beasts and amusing packs of blanc de chine foo lions. Leading the offerings from the Tibor Collection is a pair of Famille Rose Soldier Vases and Covers, Qianlong Period (1736-1795) ($100,000-150,000).

Other private collections represented are the well-known Eckenhoff Collection of mugs and a private New York collection of ‘Pronk’ porcelain. China Trade paintings include a group of charming reverse-paintings on mirror and a rare pair of oil portraits of Commissioner Qiying and his consort.

IMPORTANT AMERICAN FURNITURE, FOLK ART AND SILVER | JANUARY 24 | 10AM

Peaceable Kingdom by Edward Hicks
Joshua Johnson, A Pair of Portraits: Boy with Squirrel and Girl with Dog ($100,000 – 150,000)
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