Tag Archives: inflation

Watches and Jewelry Dazzle at HK Sotheby’s Sale

New Collector Base Starts to Emerge

The Star of the Show -- Patek Philippe Watch Sold for HK$2.8 million

The Star of the Show -- Patek Philippe Watch Sold for HK$2.8 million (ⓒ Sotheby's)

As the Sotheby’s sale in Hong Kong that I’ve been watching so intently winds down, I was struck today by the strong showing at the watch and jewelry sale, where many of the top bidders were from mainland China. From the frenzied bidding we’ve seen throughout this Sotheby’s series, it looks as though a trend is emerging in which affluent mainland Chinese are — like many non-Chinese — hedging their bets with luxury and art purchases.

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