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The Luxe Dispatch

Christie’s Billion-Dollar Night, Eric Clapton’s Pateks, the Maldives’ New Private-Island Escape & More

Christie’s clears $1.3 billion, Phillips breaks watch auction records, and a $400 Swatch collaboration resells at $6,000.

By Bryle Suralta

May 22, 2026
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Auction scene with a man at a podium in front of a large abstract Pollock-style painting behind him on display at Christie's.
Jackson Pollock’s Number 7A, 1948 sold for $181.2 million at Christie’s New York, setting a new auction record for the artist and leading the house’s 20th and 21st Century Art week. Photo: Christie’s

The market is supposed to be nervous. Someone forgot to tell the bidders. Christie's just cleared $1.346 billion in a single art week, Phillips is posting record watch auction totals, and Joseph Lau is uncorking the last of a cellar most collectors would trade a kidney for. Elsewhere, a $400 pocket watch is reselling at $6,000, BMW is retiring its last proper roadster, and a private island in the Maldives has finally found a hotel worthy of the address. Another week, another reminder that luxury does not really do restraint. Here is what moved. A Private Island Finally Gets the Hotel It Deserves MGallery Collection has arrived in the Maldives, and it has chosen well. V Villas Maldives at Mirihi sits on its own island in South Ari Atoll, a 30-minute seaplane ride from Malé. Forty-two villas fan out across the beach and lagoon, with new overwater options offering private..

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