Christie's Watches raised $122 million in the first half of the year, reaffirming the demand for rare, exceptional, vintage and contemporary watches in the Asian market.

Christie's Watches achieved the best first half results in the world, with combined sales of $122 million at six live and eight online auctions in Hong Kong, Dubai, Geneva and New York.

Highlights of the season include the most valuable watch ever sold online at auction, the Patek Philippe Sky Moon Tourbillon, which fetched $5.8 million.

Emanuel Danan, Christie's Global Managing Director of Luxury, said: "We are delighted and proud of the results achieved in the first half of the year. This performance is the result of continued growth.

Another important milestone was Christie's first themed auction dedicated to an independent watchmaker in Geneva: The Art of FPJourne, in which the celebrated watch designer presented 40 lots, including an extremely rare Tourbillon Souverain Souscription, which sold for just over $3 million.