Artcurial Monte-Carlo auction sees watch sales increase 60% to 3m euros

Auction house Artcurial has had its most successful auction ever, with luxury watches contributing 3 million euros towards a total sales of over 10 million euros.

Over 2000 people visited the sale room and auctions held in Monte-Carlo last week.

Watch sales increased by 60% over 2015, with collectors from 28 countries bidding for items.

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makhtoumThe most expensive was a Rolex Daytona ref. 6263 dating from around 1973 that features the eagle emblem of the United Arab Emirates on the face. It is thought to have belonged to a member of the Makhtoum family that rules Dubai. It sold to a European collector for 186,500 euros.

It was one of five watches to fetch 100,000 euros or more including a 1965 Patek Philippe ref.5970 and a Rolex Comex ref.1665 from around 1980.

Watches for the sale were sourced from private collections around Europe.




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