Christie’s sold an F.P. Journe Vagabondage III watch for CHD 2.5 million ($3.1 million) at its recent sale in Geneva.
The piece is a tonneau-shaped wristwatch in 18-karat pink gold with jumping hours and seconds and power reserve indication. It was one of three tonneau-shaped, pink-gold watches in F.P. Journe’s Vagabondage trilogy series that sold at the auction. The piece more than tripled its CHF 800,000 ($978,036) high estimate at the November 9 Rare Watches Including Watches for ELA sale, the company said Monday.
Christie’s raked in CHF 47.8 million ($58.7 million), a record total for a watch sale at the auction house. It reported a 100% sell-through rate, as all 218 lots found buyers and several watches surpassed their upper prices.
The two other F.P Journe Vagabondage models soared past their CHF 800,000 ($978,036) high prices. The Vagabondage II sold for CHF 2.2 million ($2.7 million) and the Vagabondage I went under the hammer for CHF 2 million ($2.4 million). Meanwhile, an F.P Journe tourbillion wristwatch with power reserve indication and brass movement fetched CHF 1.7 million ($2 million), beating its CHF 1.4 million ($1.7 million) top estimate.
Two of the five F.P. Journe Ruthenium Collection watches belonging to Michael Schumacher – a Tourbillon Souverain and a Chronomètre à Résonance – achieved CHF 1.5 million ($1.9 million) each. The pieces appeared at the sale to mark the 30th anniversary of the Formula 1 legend’s association with Scuderia Ferrari.
Image: The F.P. Journe Vagabondage III watch. (Christie’s)
