ANTIQUORUM SALE OF 'IMPORTANT MODERN AND VINTAGE WATCHES' ON 11 MAY 2014 TOTALLED AROUND RM 18 MILLION

KEE@FSWMAG.COM

Patek Philippe Ref. 2499 Third Series in Yellow Gold  & Patek Philippe Ref. 5077 Achieve World Record Results at Antiquorum Auction

Antiquorum’s May 11 auction of “Important Modern & Vintage Timepieces” totaled CHF 5,352,850.  Competitive bidding resulted in world record prices for a Patek Philippe Ref. 2499 Third Series in yellow gold and a Patek Philippe Ref. 5077 with enamel dial.  Of the 293 collectible timepieces offered, 84% sold by lot and 122% sold by value, based on the low estimate.

The highlight of the sale was unquestionably the exceptional Patek Philippe Ref. 2499 Third Series in yellow gold (lot 293). The rare perpetual calendar provoked a bidding war between six phone bidders and four room bidders finally selling for an exceptional CHF 465,750, nearly twice its high estimate.

“We are extremely pleased with the outcome for the Philippe Ref. 2499 Third Series in our May auction,” said Julien Schaerer, Managing Director & Auctioneer, Antiquorum Geneva.  “It is clear from today’s results that the market for rare timepieces in excellent condition remains robust.”

The iconic Patek Philippe Ref. 5016 (lot 292) in platinum was also coveted by collectors and attained CHF 663,750 at the Geneva sale.

Other stand-out pieces from Patek Philippe also achieved spectacular results.  The Patek Philippe Ref. 5077 with “American Indian” cloisonné dial (lot 290) inspired fierce bidding from collectors across the world and achieved a remarkable CHF 201,750, exceeding its high estimate by CHF 80,000 and setting a world record for a Patek Philippe Ref. 5077. 

Also attracting considerable attention, the Patek Philippe Ref. 5959 Coaxial Split-Seconds Chronograph in platinum (lot 289) attained CHF 243,750.

Vintage Rolex watches commanded noteworthy prices in the May sale. The Rolex Ref. 6241 Paul Newman (lot 278) was in great demand and sold for CHF 117,750. Also inspiring competitive bidding was the Rolex Ref. 6538 James Bond, 4 Lines (lot 207) that surpassed its high estimate and sold for CHF 87,500. In addition, the Rolex “Solo” watches brought significant results; the black dial Rolex Ref. 6238 “Solo Rolex” (lot 275) attained CHF 72,500; while the white dial Ref. 6238 (lot 276) achieved CHF  87,500.

Modern watch enthusiasts battled over the Richard Mille RM 006 Titanium Tourbillon 07/20 (lot 263) offered in the sale. The tonneau-shaped wristwatch with one-minute tourbillon elicited intense competition and achieved CHF 177,750 

An Omega with Cloisonne Dial depicting Neptune’s Chariot (lot 233) was highly sought-after; the extremely rare timepiece, possibly the fourth undiscovered chariot enamel dial, sold for over twice its high estimate at CHF 97,350.

Finally, a rare Vacheron Constantin Patrimony Great Explorers “Magellan” Yellow Gold Wandering Hour Watch with Champleve Dial (lot 121) sold for an impressive CHF 77,500.

“We are delighted with the results of today’s auction,” said Etienne Lemenager, Director and Watch Expert of Antiquorum Geneva. “We saw highly competitive bidding for the collection of fine timepieces offered in our May sale, with particularly strong participation from internet and phone bidders.”

Antiquorum looks forward to its next auction on June 28^th in Hong Kong which will encompass an extraordinary collection of rare wristwatches including an exceptional Patek Philippe Ref. 5004 in platinum.

The “top lots” for the sale are as follows:

Lot 292

PATEK PHILIPPE REF. 5016 PLATINUM. Sold on July 3rd, 2007. Extremely fine, unique and important, astronomic, minute- repeating, platinum wristwatch with one-minute tourbillon regulator, retrograde perpetual calendar, moon phases, and a platinum Patek Philippe buckle. Accompanied by the certificate of origin, COSC, original Patek Philippe box, extra platinum caseback, setting pin, and a leather folder with instructions.

Sold for:  CHF 663,750

Lot  293

PATEK PHILIPPE REF 2499 THIRD SERIES YELLOW GOLD, sold January 19th 1967. Very fine and very rare, 18K yellow gold wristwatch with round button chronograph, perpetual calendar, moon phases with a Patek Philippe buckle. Accompanied by the Certificate of Origin, box and pouch.

Sold for: 465,750 CHF

Lot 289

PATEK PHILIPPE REF. 5959 COAXIAL SPLIT-SECONDS CHRONOGRAPH, PLATINUM. Sold October 21st, 2009. Very fine and very rare, platinum and diamond wristwatch with coaxial round button split-seconds chronograph, register and a platinum Patek Philippe buckle. Accompanied by the Patek Philippe fitted box, Certificate of Origin and instructions.

Sold for: 243,750 CHF

Lot 290

PATEK PHILIPPE REF. 5077, PLATINUM, INDIEN D'AMERIQUE CLOISONNE ENAMEL DIAL, SEALED. Made in a limited production in 2010, sold November 20th, 2010. Very fine and very rare, self-winding, water-resistant platinum wristwatch with cloisonné enamel dial and a platinum Patek Philippe buckle. Accompanied by the original fitted box, Certificate of Origin and booklets

Sold for: 201,750 CHF

Lot 263

RICHARD MILLE RM006 TITANIUM TOURBILLON "Tourbillon RM 006", No. 07. Made in a limited edition of 20 pieces circa 2006. Very fine, and unusual, tonneau-shaped and curved, titanium wristwatch with visible one-minute tourbillon regulator, 70 hour power reserve and a titanium Richard Mille clasp. Accompanied by the original box.

Sold for: 177,750 CHF

Lot 278

ROLEX REF. 6241 PAUL NEWMAN, ORIGINAL BOX AND WARRANTY . Sold on December 11th, 1971. Very fine and very rare, water-resistant, stainless steel wristwatch with anti-reflective black tachometer bezel, round button chronograph and registers and a Rolex Ref. 7205 stainless steel Oyster riveted bracelet. Accompanied by the original warranty, instruction booklet and an overhaul receipt from a retailer dated 2011.

Sold for: 117,750 CHF

Lot 191

PATEK PHILIPPE REF. 5970 PINK GOLD. Sold on April 27th, 2007. Very fine, water-resistant, 18K rose gold wristwatch with square button chronograph, register, perpetual calendar, moon phases, tachometer and 18K rose gold Patek Philippe deployant clasp. Accompanied by the original fitted box, Certificate of origin, Push pin, spare pink gold caseback, hang tag, bill of sale and instruction booklets.

Sold for: 111,750 CHF

Lot 233

OMEGA NEPTUNE'S CHARIOT CLOISONNE DIAL AND MOVEMENT. Made on October 6th, 1952. Very fine and very rare, cloisonné enamel dial depicting Neptune's chariot being drawn by two seahorses mounted in a later Omega Seamaster Ref. 2767-6 SC gold-plated case. Accompanied by an Omega extract from the archives.

Sold for: 97,350 CHF

Lot 269

ROLEX REF 5513 SUBMARINER 3-6-9 DIAL Rolex, "Oyster Perpetual, Submariner, 200 m0=660 ft", case No.1125227, Ref. 5513. Made in 1964. Very fine and rare, center seconds, self-winding, water-resistant, stainless steel wristwatch with a stainless steel Rolex bracelet with deployant clasp

Sold for: 93,750 CHF

Lot 207

ROLEX REF 6538 JAMES BOND, 4 LINES Rolex, "Oyster Perpetual, 200m/660 ft, Submariner". Made in 1959. Very fine and rare, center seconds, self-winding, water resistant, stainless steel diver's wristwatch. Accompanied by a photocopy of the service invoice from Rolex Geneva dated April 2011

Sold for: 87,500 CHF

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, Dubai, London, Milan, Munich, Moscow, Paris, Shanghai and Tokyo. WWW.ANTIQUORUM.COM.

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