Luxury watches clock in record US$ 44 m at Geneva auction
Geneva : Christie’s auction of rare luxury watches has fetched a record-breaking total of US$ 44 million, the highest amount realised for a series of watch sales ever held. The three-session auction of luxury watches in Geneva clocked in an unprecedented combined total of USD 43,985,467, reports PTI.
“On 10 and 11 November, Christie’s dispersed over 370 fine watches in an historical ten-hour auction marathon, which set a new record total for any series of watch sales,” said Aurel Bacs, International Head of Christie’s Watch Department. Rolex Daytona “Lesson One” – a unique single-themed evening auction, featuring 50 exceptional examples of the world’s most celebrated chronograph wristwatch, totalled US $ 13,248,167. Each Daytona set a world record price for the model at auction, Christie’s said in a statement.
An extremely important stainless steel chronograph wristwatch, Paul Newman model, manufactured in 1969, sold for US $ 1,088,889, setting a world record price for any Rolex Daytona. The top lot of the week was an extremely rare 1957 Patek Philippe second series in pink gold, which sold for US $ 2.1 million. Only eight other examples of this iconic model in the hyper-rare pink gold second series are known to date. Another star of the sale was a historically important yellow gold split seconds chronograph, manufactured by Philippe in 1947, which fetched US $ 1,572,738. Only three examples of this model are recorded to exist, all of which were made as special orders for the most prominent clients of the time.
Originally created for jazz legend Duke Ellington, one of them is permanently exhibited in the Patek Philippe Museum in Geneva.
Painting sold for $4.8 m in New York
New York : A painting by a Spanish artist has been auctioned here at the Sotheby’s for $4.8 million, making it his highest priced work ever sold in the US, reports IANS.
The painting titled “Buscando Mariscos” by painter Joaquin Sorolla was sold on November 8.
Sorolla, who was born in Spain’s Valencia city in 1868 and died in 1923, had established ties with the US in 1909 when he brought a collection of 350 paintings to New York.
“Since ‘Buscando Mariscos’ (Looking for Shellfish) arrived at Sotheby’s this summer, we knew it would arouse great interest … we set a new record for a Sorolla painting in the United States,” Polly Sartori, vice president of Sotheby’s, said after the sale.
Created by the Valencian master in 1907, the picture, which captures the moment when a little girl stirs the sand on the beach looking for clams, was initially assessed by the auction house at up to $1.5 million.
“Buscando Mariscos” is the only one of Sorolla’s paintings that Sotheby’s is putting up for auction in New York, while in London it will sell to the highest bidder “Playa de Valencia,” “La Llegada de la Pesca” and “Barcas en la Playa,” all featuring the sea and beaches of Valencia.
Egypt ranked `worst` for women among 22 Arab states
London: Egypt has been reportedly ranked the ‘worst’, when it comes to treating the women of the country, making it stand at an embarrassing low rank in a polling on 22 Arab states. It was ranked 22nd, below Iraq and Saudi Arabia, in the analysis of the countries according to different issues affecting women, including politics, reproductive rights and gender violence, reports ANI. According to The Independent, the polling conducted by Thomson Reuters Foundation revealed that the island nation of Comoros was ranked the best, with 20 per cent women representation in ministerial positions and wives generally keep land or the home after divorce. The report said that it was hoped that the Arab Spring would present fresh opportunities for women, but instead, the situation has got worse for many, as revolts have brought conflict and instability and female representation in parliament falling from 12 per cent to just 2 per cent following the abolition of quotas.
The ranking of the 22 Arab states in decreasing order can be summarised as:
1. Comoros 2. Oman 3. Kuwait 4. Jordon
5. Qatar 6. Tunisia 7. Algeria 8. Morocco
9. Libya 10. UAE 11. Mauritania 12. Bahrain
13. Djibouti 14. Somalia 15. Palestinian Territories 16. Lebanon 17. Sudan 18. Yemen 19. Syria 20. Saudi Arabia 21. Iraq