For Immediate Release

Record Breaking Auction at Antiquorum: Einstein watch Sells for Over 2000% of its Auction Estimate & Patek Philippe Watch Sells for Over $1.5 Million Dollars!

New York, October 16, 2008 - Antiquorum's first auction of the fall season attained the impressive total of $ 9,892,812 for its sale of Important Collectors' Wristwatches, Pocket Watches & Clocks. A substantial number of clients are bidding on the net as evidenced by the record number of over 1000 on-line bidders and viewers using Antiquorum's online bidding system. As a result over 34% of the lots were sold via the internet.

A notable 82% of the 404 timepieces offered were sold by lot and 148 % sold by value. The auction saw immense global interest from countries such as Hong Kong, China, The Russian Federation, Germany and Italy.

"The results from today's auction are confirmation that despite the current erratic economic climate, important timepieces continue to be extremely sought after, highly collectible, and sound tangible investments that have consistently proven to appreciate exponentially over time," said Robert Maron, Chairman, Antiquorum.

The star lot of the sale was lot 403, a Patek Philippe Ref. 2499, First Series sold for $ 1,514,400. Also, several other Patek Philippes sold very well; lot 404 , a Ref. 3450 with red leap year indicator attained $237,600. Another exceptional price was fetched by lot 182, a Patek Philippe Ref. 1518 sold for $327,200. In addition, the Patek Philippe Ten Day Tourbillon, lot 387, sold for $ 276,800.

Without a doubt, the most exciting part of the auction was the frenzied bidding for the Einstein Watch. An incredible $ 596,000 was fetched for the Longines wristwatch that belonged to the world famous physicist Albert Einstein, a world record for both a time only and for a Longines wristwatch at auction; over 2000 percent of it's estimate!

"We're delighted to see such an excellent outcome for our first auction of the season In particular, we're excited by the exceptional result achieved by the Longines wristwatch that belonged to the Time Magazine Man of the Century-the world's most noteworthy physicist, Nobel Prize winning scientist, Albert Einstein," said Julien Schaerer,Watch Expert & Auctioneer, Antiquorum USA.

Vacheron Constantin also did exceptionally well with lot 84, a Malte Perpetual Calendar, Minute Repeater that achieved $ 260,000. In addition, the Skeleton Minute Repeater in Rose Gold, lot 195 brought $ 282,400. Gerald Genta attained the notable sum of $ 225,800 for lot 101, a Grande et Petite Sonnerie.

Finally Rolex realized impressive results; lot 161, a Black Diamond Dial Datejust sold for $ 72,000-a new world record for such a model. While lot 318, a Platinum Day Date watch, also achieved a world record at $ 78,000. Finally, the ultra-exclusive Bamford & Sons black Rolex Daytona sold for an astounding 48,000!

"We're thrilled that Robert Maron, a world renowned authority on and market maker for modern and vintage wristwatches, has joined the Antiquorum team as Chairman. With his knowledge and leadership, we look forward to building upon Antiquorum's success and to a very bright future ahead," said Evan Zimmermann, CEO & President, Antiquorum USA

Antiquorum looks forward to their monumental 731 lot sale in Geneva, Switzerland on the 15th & 16th of November where they expect even greater results. Kicking the fall auction season into high-gear the Antiquorum team returns to New York on December 10th.

Top 10 Lots for Antiquorum's October 16th auction are as follows:
(for HIGH DEFINITION please click on the image)

Ref. 2499, Yellow Gold, First Series Patek Philippe, Genève, Ref. 2499, first series. Made in 1956.

Sold including buyer's premium: USD 1'514'400

Unique and Historically Important Longines. Made in 1930, presented to Professor Albert Einstein on February 16th, 1931 in Los Angeles.

Sold including buyer's premium: USD 596'000

Enamel Dial Tourbillon Minute Repeater No.1 Patek Philippe, Genève, Ref. 3939. Made in 1992, sold on October 30th, 1992.

Sold including buyer's premium: USD 338'400

Yellow Gold Ref. 1518, 1st Series with Cyclops Lens Patek Philippe, Genève, Ref. 1518, 1st series.Made circa 1947.

Sold including buyer's premium: USD 327'200

Platinum, Ref. 5004P Patek Philippe, Genève, Ref. 5004P. Made in 2004.

Sold including buyer's premium: USD 288'000

Complications Minute Repeater Vacheron & Constantin, Genève, Minute Repeater, No. 14, Ref. 30 R 1425. Made in the 1990s.

Sold including buyer's premium: USD 282'400

Pink Gold Malte Perpetual Calendar, Minute Repeater Vacheron Constantin, Genève, "Malte Perpetual Calendar, Minute Repeater," Ref. 30040. Made circa 2007.

Sold including buyer's premium: USD 260'000

Ref. 5102J, The CelestialWristwatch Patek Philippe, Genève, "The Celestial Wristwatch," Ref. 5102J. Made in 2007.

Sold including buyer's premium: USD 260'000

Grande Complication Minute Repeating Audemars Piguet, Genève, "Jules Audemars - Grande Complication Automatique," Ref. 25866 OR. Made circa 2007.

Sold including buyer's premium: USD 248'800

Red Leap Year Indicator Patek Philippe, Genève, Ref. 3450. Made in 1982, sold May 25th, 1982.

Sold including buyer's premium: USD 237'600