ANTIQUORUM AUCTIONEERS
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Hong Kong, 2 June 2007, Important Collector’s Wristwatches, Pocket Watches & Clocks

Following the success of Antiquorum’s spring auctions in New York and Geneva, today’s Hong Kong auction realised a total of HK$58,451,840 (USD7,485,342/CHF9,171,093/EUR5,564,030). This was a 20% increase over the previous sale (HK$ 49,785,320 / US$ 6,378,700 / CHF 7,811,316 / E 4,743,75 ). in November. Of the 329 timepieces offered, 135% was sold by value and 83% was sold by lot. Once again demonstrating the strength of the watch market, the continued demand for rare and collectible timepieces and the importance of Hong Kong as the gateway of the Asian watch market.

Apart from the local clientele, buyers from the United States, Canada, Italy, England, Australia, China, Taiwan, Japan, Indonesia, Korea and Singapore filled the saleroom and competed fiercely against 313 telephone and 207 online bidders. Over 7300 clients from all over the world followed the online auction.

Of the top lots, lot 322, a Patek Philippe Yellow Gold Ref. 2499, “Fourth Series”, sold at HK$ 2,639,000(US$ 337,950 / E 251,206). A “Pendule Mystérieuse Modèle A” by Cartier, lot 304, sold at HK$ 2,135,000 (US$ 273,408 / E 203,230). Lot 99, a platinum “Watch with 10 Complications” by Ulysse Nardin, which sold at HK$ 1,743,000 (US$ 223,208,58E 165,916) established a world record. Lot 303, a Patek Philippe Ref. 3450, "Without Leap Year Indication" sold at HK$ 1,455,500 (US$ 186,391/E 138,549). Lot 302, the “Yellow Ref. 5004” by Patek Philippe sold for HK$ 1,283,000 (US$ 164,300,98/E 122,128). And lot 157 “Timezone Watch of the Year 2006”, Ref. 5960P by Patek Philippe, sold at HK$777,000 (US$ 99,502/E 73,962) – almost 70% above retail.

Lot 170, an 18k pink gold Ref. 96 by Patek Philippe sold at HK$ 212,400 (US$ 27,199,944/E 20,218,356). Lot 180, “Piece Unique – Pendulette Dome “Les Chevaux” more than doubled the estimates at  HK$377,600 (US$ 43,233/E 32,136). Lot 181 a white gold Ref. 3448 by Patek Philippe sold at HK$1,743,000 (US$ 223,208/E 165,916). Omega watches continued to sell well – lot 276, a yellow gold “Seamaster Chronograph” almost doubled the estimates, selling at HK$49,560 (US$ 6,346/E 4,717). Lot 11, the set of “Reverso Four Seasons” wristwatches by Jaeger-leCoultre sold at HK$660,800 (US$ 84,622/E 62,901). Timepieces made for the Chinese Market are strong in demand and 100% of them were sold – lot 101, “Mirror Image Pair – Flower Urns” sold at HK$519,200 (US$ 66,488 / E 49,422) and lot 328 “Early Summer Bouquet” sold HK$188,800 (US$ 24,177 / E 17,971).


Top 10 highlights:


LOT 322
Yellow Gold Ref. 2499 "Fourth Series" Patek Philippe, Genève, No. 869386, case No. 2666326, Ref. 2499. Made in 1970, sold on July 9, 1971. Very fine, rare, and important, astronomic, 18K yellow gold gentleman's wristwatch with round button chronograph, 30-minute register, perpetual calendar, moon phases and an 18K gold Patek Philippe buckle. Accompanied by the Extract from the Archives. .
Sold including buyer's premium:
2,639,000 HKD (US$ 337,950/E 251,206)



Lot 304
"Pendule Mystérieuse Modèle A" Cartier, Paris, made in 1919. Very fine and important “Pendule Mystérieuse Modèle A”, 18K gold, onyx, rock crystal and diamond eight day-going Mystery clock.
Sold including buyer's premium:
2,135,000 HKD (US$ 273,408/E 203,230).

Lot 324
“The Hunt” Watch with 13 Complications Gideon & Co., Locle, Swiss, No. 86825, the movement attributable to Henry Grandjean & Cie., (Le Locle). Made for the Indian market, circa 1900, sold to the Sixth Nizam of Hyderabad, Mahbub Ali Khan (reigned 1869 –1911). Very fine, important and rare, astronomic, grande and petite sonnerie, minute-repeating, heavy 18K yellow gold, painted on enamel and rose-cut diamond-set eight day going twotrain keyless clockwatch with triple date, chronograph, central progressive minute recording hand, moon phases and lunar calendar.
Sold including buyer's premium:
2,079,000 HKD
(US$ 273,408/E 197,900)


Lot 66
Sixteen Rolex Wristwatches with Special Fancy Colored Dials" Rolex, "Oyster Perpetual Day-Date, Superlative Chronometer Officially Certified" and Rolex "Oyster Perpetual Datejust, Superlative Chronometer Officially Certified". Very fine and extremely rare, a collection of sixteen self-winding, water-resistant, center seconds gentleman's wristwatches with special fancy colored dials and day and date calendar, one with date calendar only. .
Sold including buyer's premium:
1,743,000 HKD (US$ 223,208/E 165,916)


Lot 99
Platinum “Watch with 10 Complications” Ulysse Nardin, Locle & Geneve, No. 17371, case No. 386392. Made in December 1936. Very fine and exceptional, minute-repeating, Art Deco, astronomical, platinum, keyless dress watch with split-seconds chronograph, 30-minute instantaneous register, perpetual calendar, moon phases and lunar calendar. Accompanied by an Ulysse Nardin box and a certificate.
Sold including buyer's premium:
1,743,000 HKD
(US$ 223,208/E 165,916)

Lot 181
Ref. 3448, “White Gold” Patek Philippe, Genève, retailed by Gübelin, No. 1119545, case No. 332643, Ref. 3448/17. Made in 1978, sold on September 9th, 1981. Very fine and very rare, astronomic, self-winding, 18K white gold gentleman’s wristwatch with perpetual calendar, moon phases and an integral 18K white gold Patek Philippe bracelet. Accompanied by the Extract from the Archives..
Sold including buyer's premium:
1,743,000 HKD
(US$ 223,208/E 165,916)

Lot 72
“Watch with Seven Complications” Patek Philippe & Cie., Genève, No. 97484, case No. 222000. Made in 1894, sold on March 10, 1899. Very fine, rare, and important, hunting-cased, keyless, minute-repeating, astronomic, 18K pink gold pocket watch with perpetual calendar, chronograph, phases and age of the moon. Accompanied by the Extract from the Archives.
Sold including buyer's premium:
1,628,000 HKD (US$ 208,481/E 154,969)



Lot 303
Ref. 3450, "Without Leap Year Indication" Patek Philippe & Cie, Genève, No. 1119586, case No. 2788611, Ref. 3450, second series. Made in 1981, sold September 3, 1981. Exceptionally rare and important, astronomic, self-winding, 18K yellow gold gentleman’s wristwatch with perpetual calendar, moon phases, and without leap year indication, with an 18K yellow gold Patek Philippe buckle. Accompanied by the Extract from the Archives..
Sold including buyer's premium:
1,455,500 HKD
(US$ 186,391/E 138,549)

Lot 309
"Lord Kalla" Vacheron Constantin, Genève, No. 722257, case No. 571884, Ref. 35511-723. Made circa 1985. Exceptionally fine, rare and important, impressive, entirely diamond-set with 290 diamonds (total weight of 55 cts.), 18K yellow gold gentleman's bracelet watch with an integral entirely diamond-set bracelet. .
Sold including buyer's premium:
1,340,500 HKD (US$ 171,664/E 127,602)



Lot 302
“Yellow Ref. 5004” Patek Philippe, Genève, No. 879646, case No. 4007797, Ref. 5004, first generation. Made in 1997. Extremely fine, rare and important, astronomic, water-resistant, 18K yellow gold gentleman's wristwatch with coaxial round button split-seconds chronograph, registers, perpetual calendar, moon phases and an 18K yellow gold Patek Philippe buckle. Accompanied by an Extract from the Archives.
Sold including buyer's premium:
1,283,000 HKD (US$ 164,300/E 122,128)

 
 

Antiquorum is, unquestionably, the world’s leading watch auctioneer; Of the 62 watches ever sold publicly by major auction houses above SFR. 1,000,000, Antiquorum claims an impressive 44 . In 2002, Antiquorum established the all-time world record price for a wristwatch at auction when it sold a platinum Patek Phililppe World Time Ref. 1415 from 1939 for an astounding CHF 6,603,500 (US$ 4,026,524). This record-breaking price more than doubled the previous world record price for a wrist watch at auction. Another record price for a modern watch was achieved in 2004, the unique white gold Calibre 89, also by Patek Phlipe, was sold for SFr. 6,603,500 (US$ 5,002,652).