For Immediate Release
May 16, 2016
Urban Jurgensen Pocket Watch Shatters Estimate at Antiquorum’s May Auction
Geneva, May 16, 2016 – Antiquorum’s May 15th auction of “Important Modern & Vintage Timepieces” totaled an outstanding CHF 5,735,437 with 171% sold by value. Passionate bidding for the colossal sale of 478 modern and vintage timepieces was highlighted by particularly intense and exciting competition for an exceptionally rare Urban Jurgensen chronometer. Bids came in from across the globe including from China, Hong Kong, Germany, the United States as well as Switzerland.
The undeniable top lot of the sale was the Urban Jurgensen ‘The Krusenstern’ Chronometer in Rose Gold (lot 84). The exquisitely made and very rare 18K rose gold pocket chronometer with Arnold spring detent chronometer escapement inspired extraordinarily competitive bidding the world over. Initially, four bidders battled over the coveted chronometer and as the bid topped CHF 80,000, two dropped out leaving the exciting competition to a room and a phone bidder. Ultimately, the rare timepiece sold to the room bidder for an outstanding CHF 747,750, over 12 times its high estimate.
Also from the Jurgensen collection, the Jules Jurgensen Minute-Repeating Perpetual Calendar and Chronograph in Pink Gold (lot 214) attained an impressive result, selling for nearly double its high estimate at CHF 87,500.
“We are ecstatic with the outcome for the Jurgensen collection in our May sale,” said Etienne Lemenager Director & Watch Expert of Antiquorum Geneva. “It was an honor to present such an extensive selection of remarkable Jurgensen examples and we are thrilled that the results reflect the exceptional quality of the pieces. With 177% of the collection sold by value, it is evident that rare Urban Jurgensen watches continue to stand the test of time.”
Also underscoring the sale was the highly sought-after Patek Philippe Ref. 3651 (lot 476). Only the fourth example ever to appear at auction, this extremely rare 18K gold chronograph inspired fervent bidding, finally selling for CHF 207,750, over double its high estimate.
“We are delighted by the result for the rare Patek Philippe Ref. 3651 offered in our May auction,” said Julien Schaerer, Managing Director of Antiquorum Geneva. “As we have witnessed in today’s sale, unusual limited edition pieces continue to thrive in today’s demanding market.”
Also highlighting the sale, a Patek Philippe Ref. 725 “American” Digital Perpetual Calendar Pocket Watch in Yellow Gold (lot 426) sold for nearly double its low estimate at CHF 93,750.
Audemars Piguet attained an impressive result with the Audemars Piguet Napoleon Reviewing The Troops Minute Repeating Enamel Pocket Watch in Yellow Gold (lot 243). The exceptionally rare pocket watch with double enamel scene and minute-repeating function attracted scores of bidders, finally selling for CHF 183,750, over quadruple its high estimate.
The Vacheron Constantin One Minute Tourbillon 1st Prize Winner at Geneva Observatory pocket watch (lot 164) incited competitive bidding, selling for CHF 183,750, over double its high estimate.
Rare enamel pocket watches from Piguet & Meylan and Bovet attained some spectacular results in the May sale. The very rare and large 18K gold musical enamel and pearl-set pocket watch “Musical Summer Bouquet” attributed to Piguet & Meylan (lot 193) attained CHF 99,750; and the Bovet Enamel Fancy Birds Gold Pocket Watch Made for the Chinese Market ( lot 197) sold for ...