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For Immediate Release
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Cartier Clock Sold for Nearly Ten Times its Estimate at Antiquorum Summer Auction

New York, June 18, 2008 - Lovers of horology gathered at the New York TimeZone to bid on the 401 highly collectible timepieces offered in Antiquorum's summer sale of " Important Collectors' Wristwatches, Pocket Watches & Clocks", resulting in the notable auction total of $ 5,428,852. In addition to room bidders, there was also spirited competition from scores of phone bidders and particularly from the record number of 484 internet bidders contributing to 118.57 %sold by value and 86.28% sold by lot. The superb timepieces drew the attention of collectors from all corners of the world including Germany, Italy, and Hong Kong.

" We're still seeing strong prices realized for fine timepieces in the US market. As such, we are eagerly anticipating our upcoming October auction for which we have several extraordinary timepieces already consigned," says Julien Schaerer, Auctioneer and Watch Director, Antiquorum USA.

The highlight of the sale was a Patek Philippe Ref. 5013 in pink gold with black dial (lot 401) which fetched an impressive $ 640,800. Another very significant price was achieved for the Patek Philippe Ref. 5020 in pink gold (lot 399) also known as the"TV Watch" which sold for $190,400. In addition, The Patek Philippe Ref. 3970P with diamond dial (lot 398) obtained the considerable sum of $ 166,800. Finally, the Ref. T150 in white gold retailed by Tiffany (lot 116) attained the extraordinary price of $ 72,000; double it's estimate.

Other brands that were especially sought after in the sale were Vacheron Constantin and FP Journe. The Vacheron Constantin Skeletonized Perpetual Calendar (lot 391) fetched a strong price of $ 66,000 while the FP Journe "Tourbillon Black Label" in platinum (lot 392) sold for $ 101,900.

Cartier fans should take note of the fantastic price achieved for the "Pendule de Bureau"(lot 206); $ 46,800; nearly ten times its' estimate!

Lastly, Rolex continues to reach great prices following Antiquorum's very successful thematic auction in April. The brand sold extremely well as evidenced by lot 355 a Yellow Gold Cosmograph Daytona which achieved $ 54,000 and lot 356, a Stainless Steel Comex Submariner sold for $ 79,200.

" Antiquorum continues to establish itself as the leading auction house for timepieces in the United States by offering our collectors the best watches available to the market in addition to providing an incomparable auction experience," says Evan Zimmermann, President & Managing Director, Antiquorum USA.


Top 10 Lots for Antiquorum's June 18th Sale (for HIGH DEFINITION please click on the image) :
     

 

   Lot 401
Pink Gold Ref. 5013 - Black Dial Patek Philippe & Cie, Genève, Ref. 5013 R. Made in 2007, sold on January 10th, 2008. Very fine and important, tonneau-shaped, astronomical, minute repeating, self-winding, 18K pink gold wristwatch with perpetual calendar and moon phases, retrograde date, leap year display.

Sold including buyer's premium: USD 640,800
     
  Lot 400
Ref. 5079 Minute Repeater Patek Philippe, Genève. Sold in May 2005. Very fine and rare, self-winding, 18K yellow gold wristwatch with minute repeater and two cathedral gongs.

Sold including buyer's premium: USD 327,200
     

 

Lot 399
Pink Gold “TV Watch” Patek Philippe, Genève, Ref. 5020. Sold in March 2002. Very fine and very rare, tonneau-shaped, water-resistant, 18K pink gold wristwatch with round button chronograph, register, perpetual calendar, leap year and 24-hour indication, moon phases.


Sold including buyer's premium: USD 190,400
     

 

Lot 398
Platinum Ref. 3970EP Patek Philippe, Genève. Sold on Sept. 28, 2004. Very fine and important, water-resistant, platinum wristwatch with diamond-set dial, round button chronograph, register, perpetual calendar, moon phases.

Sold including buyer's premium: USD 166,800
     

 

Lot 397
Platinum 10-Days Patek Philippe, Genève, "10-Days”, Ref. 5100 P. Made in a limited edition of 300 pieces to celebrate the New Millennium. Very fine and rare, rectangular lozenge-shaped, water-resistant, platinum wristwatch with 10-day power reserve


Sold including buyer's premium: USD 110,160
     

 

Lot 194
Tourbillon Squelette Perpetuel Breguet, "Tourbillon Squelette Perpetuel", Ref. 3755. Made in 2000. Very fine and rare, large, skeletonized, 18K yellow gold wristwatch with visible one-minute tourbillon regulator, perpetual calendar with retrograde date.


Sold including buyer's premium: USD 107,800
   
 

Lot 392

Tourbillon Black Label F.P. Journe, “Invenit et Fecit”, “Tourbillon Souverain à Remontoir d'Egalité avec Seconde Morte”, Black Label. Sold on May 29th, 2007. Very fine and rare platinum chronometer wristwatch with black dial, visible one-minute tourbillon regulator, constant force remontoir with dead-seconds, 42-hour power reserve indicator.

Sold including buyer's premium: USD 101,900
   
 

Lot 341


Yellow Gold Ref. 3970 E Patek Philippe, Genève, Ref. 3970E. Made in 1993, sold on March 18th, 1993. Very fine and important, water-resistant, 18K yellow gold wristwatch with round button chronograph, register, perpetual calendar, moon phases, leap year indication, 24-hour indication.

Sold including buyer's premium: USD 101,900
     
 

Lot 195
Breguet, “Souscription No. 34/300”. Sold on Dec. 24th, 1992. Made in a limited edition of 300 sets in the early 1990’s. Extremely fine, rare and important set of two Souscription watches: an 18K yellow gold minute-repeating wristwatch with perpetual calendar, phases and age of the moon, leap year indication and an 18K yellow gold, self-winding “perpetuelle” pocket watch with power reserve, instantaneous calendar, phases and age of the moon.


Sold including buyer's premium: USD 96,000
     
 

Lot 268

"Jean-Claude Killy" Rolex, "Oyster Chronograph, Anti-Magnetic”, Ref. 6036. Made in the 1950’s. Very fine and rare, water-resistant, stainless steel wristwatch with round button chronograph, registers, triple date.

Sold including buyer's premium: USD 96,000

 

    
Next auction:

Important Collectors' Wristwatches, Pocket Watches & Clocks
Geneva,September 20 & 21, 2008

 
About Antiquorum
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 Philippe, was sold for SFr. 6,603,500 (US$ 5,002,652).