Sotheby’s 2012 Global Watch And Clock Auctions Record An Astounding 43% Growth From 2011

• Totalling US$85 Million
• The Highest Ever Annual Total For The Category At Sotheby’s

Hong Kong, January 2013    Sotheby’s is pleased to announce an exceptional growth of 43% for its global watch and clock auctions in 2012 compared to 2011, with a record-breaking total of US$85 million.  Among the stellar offerings presented by Sotheby’s international Watches team are Watches from the Collection of the Late Reginald H. Fullerton, Jr. and his Grandfather Henry Graves Jr. (June, New York), the Patek Philippe Ref. 5002P Sky Moon Tourbillon (October, Hong Kong), The George Daniels Horological Collection (November, London) and the Duc d’Orléans Breguet Sympathique (December, New York), to name just a few.

Tim Bourne, Worldwide Head of Watches, notes, “We are delighted with the fabulous results achieved in 2012.  With the reconstruction of the department we have seen tremendous and unprecedented growth in the Company’s watch and clock auction and private sale business, with record-breaking results in Hong Kong, New York and London, and clients participating from nearly 70 countries around the world.  We look forward to bringing more extraordinary timepieces to the market in 2013, starting with the Hong Kong Spring Sale to take place on 7 April. ”