SAMS Group Australia
advertisement
SAMS Group Australia
advertisement
SAMS Group Australia
advertisement
Goto your account
Search Stories by: 
and/or
 

News












Christie’s was forced to delay its Geneva Rare Watches auction by one day after being targeted by hackers. | Source: Hodinkee
Christie’s was forced to delay its Geneva Rare Watches auction by one day after being targeted by hackers. | Source: Hodinkee

Hackers target watch high-profile watch auction

Christie’s was forced to delay its Geneva Rare Watches auction by one day after being targeted by hackers.

The sale was expected to occur on 13 May; however, a security breach prompted the auction house to take down its website.

The company hired outside security experts to aid with the breach. CEO Guillaume Cerutti reassured participants that there was no need for alarm.

“Christie’s has experienced a technology security incident,” he said.

Remi Guillemin, Head of watches
Remi Guillemin, Head of watches
"These results demonstrate the passion of international collectors for exceptional timepieces."
Remi Guillemin, Head of watches

“I want to assure you that we are managing this incident according to our well-established protocols and practices, with the support of additional security experts. This included, among other things, the proactive protection of our main website by taking it offline.”

Despite the delay, the sale went ahead the following day, with eight watches from the private collection of Formula 1 icon Michael Schumacher selling for $USD4.4 million ($AUD6.64 million).

“These results demonstrate the passion of international collectors for exceptional timepieces,” head of watches Remi Guillemin said following the auction.

The highest return for a timepiece at the auction was a 1948 Patek Philippe reference 1518, which returned $USD2.7 million ($AUD4.08 million). 

More reading
Collectors out in force: Records set at Hong Kong auction
Pink diamond to shine bright at auction
Rare diamonds make waves at auction
Patek Phillipe, Rolex impress at auction in New York
Yellow diamond dazzles collectors in New York

 











SAMS Group Australia
advertisement





Read current issue

login to my account
Username: Password:
World Shiner
advertisement
Rapid Casting
advertisement
Jeweller Magazine
advertisement
© 2024 Befindan Media