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ABOUT THE AUTHOR

Konrad Häuptli graduated from the University of Berne, qualified as an attorney-at-law and was admitted to the Bar of the Canton of Berne. He joined HSBC in 2002 after working with Swiss Re for over 20 years. He then went on to work for KENDRIS in 2016 after retiring as former CEO of HSBC’s Trust Companies in Switzerland. Konrad Häuptli is a member of the Advisory Board of the Swiss Association of Trust Companies (SATC) and is also a member of mixed expert groups representing SATC. He has been managing family assets and has been involved in entrepreneurial activities, board assignments as well as private equity investments.
Record CHF33m bid for rare watches in Geneva

k-flash audio commentRecord CHF33m bid for rare watches in Geneva

The case

Bidders spent more than CHF33 million on rare watches at a record-breaking Christie’s auction in Geneva.

The commentary

One of the highlights was a 1990 Cartier Crash London, which tripled its low estimate and sold for CHF1.585 million, setting a new record for the model. The sale’s top lot was the rare F.P. Journe Platinum Tourbillon Souverain Ref. T, which achieved CHF2.439 million — more than five times its estimate.

Other notable results included the Tiffany Blue Patek Philippe Nautilus Ref. 5711/1A-018 at CHF1.27 million and the Patek Philippe Ref. 3970EP-047 formerly owned by Michael Steven Ovitz, which sold for CHF1.016 million.

Strong sales for brands such as A. Lange & Söhne, Daniel Roth and Krayon highlighted continued global demand for high-end collectible timepieces.

This publication has been prepared solely for information purposes and is does not constitute a recommendation, a solicitation, or an offer. The information on which this publication is based has been obtained from sources that we believe to be reliable and in good faith, but we have not independently verified such information and no representation or warranty, express or implied, is made as to its accuracy. All expressions of opinion are made as of the date of publication and may be subject to change without notice. k-flash and all related affiliates accepts no liability or responsibility whatsoever for any consequential loss of any kind arising out of the use of this publication or any part of its contents. The use of this publication should not be regarded as a substitute for the exercise by the recipient of his or her own judgment. This publication is not directed to any person in any jurisdictions that prohibit such publication.
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