Tuesday, July 15, 2014



Patek Philippe Ref. 3979 and 5029 Drive Outstanding Resultsat Antiquorum Auction

Antiquorum “Important Modern and Vintage Timepieces” auction was successfully held on Saturday, June 28 at the Mandarin Oriental Hong Kong, totaling HKD$ 50,719,125.The auction of 532 fine and highly collectible timepieces attracted a standing room only crowd, in addition to several hundred registered internet bidders and phone bidders from around the world. Strong prices were achieved resulting in 114% sold by value.

The top lot of the sale was the Patek Philippe Ref. 3979 minute-repeating platinum wristwatch with enamel dial (Lot 531), resulted in the outstanding  total of HKD $3,630,000 including buyer’s premium.

Highlighting the sale was the exceptional Patek Philippe Ref. 5029 (Lot 532), minute repeating wristwatch in Platinum. The extremely rare and collectible wristwatch was sold to an Asian phone bidder at HKD$ 3,570,000 including buyer’s premium.

“We are proud to continue to offer great examples of the most sought-after timepieces at auction,” said Evan Zimmermann, President  & CEO. He continued, “Collectors in the room and on the Internet aggressively bid on modern timepieces offered in the auction,”

Patek Philippe realized spectacular prices in the sale. A number of wristwatches inspired fierce competition, which demonstrated global collectors’ passion for Patek Philippe wristwatches. Among the series of notable Patek Philippe wristwatches, the very rare and fine Patek Philippe Ref. 2438 Perpetual Calendar Wristwatch( Lot 530) with  insignia on the dial and an 18K yellow gold Tiffany & Co tile braceletsparked collectors’ interest and was sold for HKD$ 2,430,000 including buyer’s premium. Patek Philippe Ref.5004P platinum wristwatch with split-seconds chronograph (Lot 122) also did very well sold for HKD$ 1,830,000 including buyer’s premium. Patek Philippe Ref 5961P (Lot 115) aroused great interest and inspired intense competition, finally selling for a notable HKD$1,290,000 including buyer’s premium.

Rare pocket watch and clocks made for the Chinese market in exceptional condition continue to galvanize collectors worldwide. Volta a set of 2 minute repeating Chronograph pocket watch (Lot 502).It drew much attention from the bidders as well and achieved an outstanding price of HKD$725,000 including buyer’s premium, over 5 times of its pre-sale estimate. Mirror Image Pair of Chinese Bronze & Red Lacquer Elephant clock (Lot 503) also did very well sold for at HKD 237,500 including buyer’s premium.

Antiquorum looks forward to its next auction which will be held on September 18 in New York, offering a collection of exceptional wristwatches from leading brands such as Patek Philippe and Rolex.

Antiquorum is going to launch an Asian Valuation tour from July 16 to August 30, 2013. Collector may take this opportunity to consign the fine timepieces to Antiquorum October Hong Kong auction.

The “Top Lots” of the June 28 sale are as follows:
Patek Philippe Ref. 3979 minute-repeating platinum wristwatch with enamel dial and a platinum Patek Philippe buckle. Very fine and very rare, the wristwatch was made in 1999. Accompanied by a fitted mahogany presentation box and the Extract from the Archives.
Lot 531
Estimate: HKD 3,000,000-4,600,000
Sold including Buyer’s Premium: HKD$3,630,000

Patek Philippe Ref. 5029 minute repeater platinum, made in a limited edition of 10 pieces in 1997 to commemorate the inauguration of the new Patek Philippe factory in Geneva. This is very fine and extremely rare, minute-repeating, self-winding, platinum Chronometer wristwatch with a platinum Patek Philippe buckle. Accompanied by the Extract from the Archives and commemorative medal.
Lot 532
Estimate: HKD 3,000,000-4,600,000
Sold including Buyer’s Premium: HKD$3,570,000

Patek Philippe Ref. 2438-1 18K yellow gold wristwatch with perpetual calendar, moon phases , insignia on the dial and an 18K yellow gold Tiffany & Co tile bracelet. Made in 1955 and sold in 1963. Accompanied by the Extract from the Archive. Extremely fine, extremely rare and elegant, this particular example unseen to the market is the first example ever to feature an insignia at twelve o clock.

Lot 530
Estimate: HKD 2,100,000-2,700,000
Sold including Buyer’s Premium: HKD$2,430,000

Girard Perregaux Ref. 99720 Vintage 1945 Jackpot Tourbillon in 18K pink gold with slot machine. Made circa 2007, the very fine and unique wristwatch features a striking mechanism and 18K pink gold Girard-Perregaux deployant clasp.
Lot 200
Estimate: HKD 1,200,000-1,500,000
Sold including Buyer’s Premium: HKD$1,830,000

Patek Philippe Ref. 5004P platinum wristwatch with split-seconds chronograph. Made in 2008, the very fine, rare and important wristwatch features perpetual calendar, moon phases, leap year, 24 hour indication and a platinum Patek Philippe deployant clasp. Accompanied by the original fitted wooden box, Certificate of Origin, instructions, additional solid platinum case back, setting pin and hang tag.
Lot 122
Estimate: HKD 1,700,000-2,200,000
Sold including Buyer’s Premium: HKD$1,830,000

Patek Philippe Ref. 5961P chronograph platinum wristwatch with sapphire-set bezel. This is a very fine and rare Platinum  and 36 baguette sapphire wristwatch with round button Flyback chronograph, combined 30/60-minute and 12-hour totalizer, annual calendar, power reserve, day/night indications and a platinum Patek Philippe deployant clasp with 22 baguette sapphire .
Lot 115
Estimate: HKD 600,000 – 800,000
Sold including Buyer’s Premium: HKD$1,290,000

Franck Muller Ref.98 Unique Piece Casino Grande and Petite Sonnerie Minute Repeater in Platinum and Diamonds. Made in the 1990s. This is a very fine and unique, extremely rare, grande petite sonnerie minute- repeating, platinum and diamond-set pocket watch, double faced with roulette automation in the back. Accompanied by the Certificate of Origin.
Lot 135
Estimate: HKD 800,000 – 1,600,000
Sold including Buyer’s Premium: HKD$990,000

Harry Winston Opus 7, No. 10/50, 18K white gold wristwatch. This is a very fine and very rare wristwatch, which was made in a limited edition of 100 examples in 2007 with 60-hour power reserve and an 18K white gold Harry Winston buckle. Sold in 22ndSeptember 2008. Accompanied by the original fitted box, instruction manual and warranty.
Lot 198
Estimate: HKD 700,000 – 1,000,000
Sold including Buyer’s Premium: HKD$930,000

Rolex Ref. 6200, Explorer dial. Made in 1954.  This is  a fine and very rare stainless steel diver's wristwatch with bidirectional revolving black bezel  , large 8 mm. winding crown and a stainless steel Rolex Oyster riveted bracelet. Accompanied by extra link (1).
Lot 443
Estimate: HKD  430,000 - 580,000
Sold including Buyer’s Premium: HKD$930,000

Girard Perregaux Ref.99522, Unique Piece Minute Repeater in White Gold. No. 1/1, Ref. 99522. Made circa 2000s. This is an extremely fine, very rare and important, water-resistance, hand-winding, minute-repeating white gold wristwatch with an 18K white gold Girard-Perregaux deployant clasp.. Accompanied by an original fitted box, certificate of origin, the key for the fitted box, instruction booklet, booklet for GP complication
Lot 389
Estimate: HKD  690,000 – 1,000,000
Sold including Buyer’s Premium: HKD$870,000

About Antiquorum: Established in Geneva in 1974, Antiquorum has carved its own unparalleled niche in the auction world through its focused expertise in horology and by cultivating a thriving collector's market for timepieces worldwide. The world's premier auctioneer of fine modern and vintage timepieces has set world records for auction sales and holds approximately ten auctions a year in Geneva, New York and Hong Kong, with previews held in major cities worldwide. Antiquorum maintains offices in Beijing, London, Milan, Munich, Moscow, Paris, Shanghai and Tokyo.

For  more information or images, please see www.antiquorum.com or e-mail mhalpern@antiquorum.com

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