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Watch Market Corrections & More Lalanne Mania

This week’s sales showed the watch market returning to pre-Covid normalcy, while the design market featured a jaw-dropping Lalanne sale, big numbers for Giacometti, and a Kaipiainen boomlet.

Notably, there are signs of a recovery, or at least stabilization, in the luxury watch market. Altogether, Sotheby’s, Christie’s, and Phillips sold 359 watches for a total of $56.3 million across their live auctions. Photo: Courtesy of Phillips
Julie Brener Davich
June 13, 2025

It’s luxury and design season in New York, and for the past couple of weeks, the auction houses have been filled with everything from Harry Winston jewels to a Lalanne menagerie, a series of eye-wateringly expensive Patek Philippes, and the original prototype Birkin bag. It’s okay to admit these luxury sales can be a bit more fun than some of the fine art categories. The mood is light, the price points are accessible, and you can even try on the jewelry. Also, the results this past week should give the market confidence, too.