Sotheby’s has appointed Tim Bourne as Worldwide Head of its Watches department. Mr. Bourne will be based in Hong Kong, overseeing Sotheby’s Asia watch auctions in addition to those in Geneva, New York and London. Sotheby’s said the appointment is a strategic move in response to the rapid expansion of the auction market for watches worldwide, especially in Asia.
Mr. Bourne previously headed Sotheby’s Hong Kong Watches department from 1997 to 2002 where he pioneered the first stand-alone watch auction in Asia in 1997. The sale, with a sold rate approaching 90%, established Hong Kong as an important watch auction center. He has remained involved in the watch auction business actively in the past seven years, working in consignment, business development, marketing, sales and administration in Asia, London and the Americas.
“With his insight into our truly international market, Tim will add invaluable experience as we make further investment in our global business especially in Asia, an important hub of growth and great opportunities in today’s watch auction market,” commented Kevin Ching, Chief Executive Officer of Sotheby’s Asia, while Daryn Schnipper, Chairman of Sotheby’s International Watch Division, noted, “Sotheby’s international watches team have built an outstanding global business with worldwide success. With Tim joining us, our international team will continue to bring exceptional watches to our clients with the highest levels of scholarship and service, both at auction and in private sales.”