Remarkable Results Achieved at Antiquorum’s February Auction in Hong Kong
For Immediate Release
Feb. 25, 2014
Hong Kong, February 22, 2014– Antiquorum’s spring auction of “Important Modern and Vintage Timepieces” held at the Mandarin Oriental in Hong Kong on Saturday, February 22 concluded with an outstanding result totaling HKD$41,975,625. An impressive 80% of the 250 timepieces were sold by lot. In addition to the strong in-room presence, the auction enjoyed competitive telephone and Internet bidding. International participation came from Europe, the United States, Japan, Singapore, the Russian Federation as well as Australia.
"We are thrilled by the degree of competitive international bidding that we witnessed in today's auction, with particularly passionate participation from our clients throughout Asia," said Evan Zimmermann, President & CEO, Antiquorum.
The top lot of the sale was the Patek Philippe Ref. 5207 tourbillon minute repeater perpetual calendar in platinum which attained an exceptional HKD6, 270,000 including buyer’s premium.
Also highlighting the sale were two extraordinary Patek Philippe split-seconds chronographs which both achieved impressive results. The Ref. 5004 in stainless steel sold for HKD 4,350,000; and the 5004 in yellow gold brought HKD2, 790,000 including buyer’s premium.
The Patek Philippe Ref. 3939HP tourbillon minute repeater platinum wristwatch, which had already attracted considerable attention prior to the auction, was highly coveted by Asian collectors and finally attained an impressive HKD 3,990,000 including buyer’s premium.
“We are excited to see the tremendous success for the first sale of 2014,”said Julien Schaerer, Auctioneer and Watch Director “We were especially impressed by the remarkable results for the Patek Philippe Ref. 3939 in today’s sale.”
Also attracting attention was the John Mattram musical table clock made for the Chinese market. The exceptional clock sparked a bidding war and ultimately attained a notable HKD 562,500 including buyer’s premium, over ten times its pre-sale estimate.
The unique Patek Phlippe Ref. 1373 “Pendulette Dome 700eme Anniversaire de la Conferdetation” brass table clock also achieved an important result, selling for HKD 1,014,000 at auction.
Other complicated wristwatches also did very well. The Richard Mille RM038 “Tourbillon Prototype 03 Bubba Watson” magnesium wristwatch achieved an important result, selling for HKD 2,150,000 at auction; and the Audemars Piguet “Royal Oak Concept Carbon Tourbillon Chronograph” sold for HKD 1,230,000. The Panerai Ref. RAM348 skeletonized ceramic tourbillon wristwatch, also generated great interest, selling for HKD 990,000.
Antiquorum looks forward to its next auction to be held on March 16 in Geneva which will feature outstanding timepieces from coveted brands such as Patek Philippe, Rolex and Breguet.
The “top lots” for the February 22nd auction are as follows:
Patek Philippe Ref. 5207 Tourbillon Minute Perpetual Calendar Honey Gold Dial Platinum. Extremely fine, rare and important, astronomic, minute-repeating, platinum wristwatch with one-minute tourbillon regulator, instantaneous perpetual calendar, moon phases, honey gold dial, and a platinum Patek Philippe buckle. Accompanied by a mahogany fitted box, Certificate of Origin, additional platinum caseback, setting pin, COSC, technical and instructional documents in leather folio.
Sold including buyer’s premium: HKD 6,270,000
Patek Philippe Ref. 5004A stainless steel wristwatch with split-seconds chronograph made in a limited edition. Made in a limited edition of 50 pieces in 2011, the extremely rare, important and double sealed wristwatch is highly collectible, with perpetual calendar, moon phases, leap year, 24 hour indication and a stainless steel Patek Philippe deployant clasp. Accompanied by a fitted wooden box, additional solid stainless steel case back, setting pin and leather folio.
Sold including buyer’s premium: HKD 4,350,000
Patek Philippe Ref. 3939H, minute repeating platinum wristwatch with one-minute tourbillon regulator. The extremely fine and very rare platinum wristwatch was made circa 2008 with a platinum Patek Philippe deployant clasp. Accompanied by a fitted box.
Sold including buyer’s premium: HKD 3,990,000
Patek Philippe Ref. 5004J 18K yellow gold wristwatch with split-seconds chronograph and black dial. It is an extremely rare and important wristwatch with perpetual calendar, moon phases, leap year, 24 hour indication and an 18K yellow gold Patek Philippe deployant clasp. Sold on September 21, 2011. Accompanied by a Patek Philippe fitted box, Certificate of Origin, extra case back and push pin. As confirmed by the certificate, this 5004J is the only known example in yellow gold with a black dial and the only one ever to appear at auction.
Sold including buyer’s premium: HKD 2,790,000
Richard Mille tonneau-shaped “Tourbillon Prototype” magnesium wristwatch, RM038 AL MG PROTO 03 .Sold on June 1, 2012, the very fine, unusual and extremely rare wristwatch features a visible one-minute tourbillon regulator, 48 hour power reserve and titanium Richard Mille double folding deployant clasp. Accompanied by a fitted box, warranty, instruction and a set of golf clubs in the bag.
Sold including buyer’s premium: HKD2,610,000
Patek Philippe Ref. 5971P, platinum and baguette diamond-set bezel wristwatch with square button chronograph. Sold on January 1, 2010, the very fine and rare wristwatch features perpetual calendar, moon phases, 24 hour indication and a platinum Patek Philippe deployant clasp. Accompanied by a mahogany fitted box, Certificate of Origin, additional solid platinum case back and setting pin.
Sold including buyer’s premium: HKD 2,010,000
Audemars Piguet “Royal Oak Concept” carbon tourbillon chronograph, Ref. 26265 FO . The extremely fine, rare and unusual carbon wristwatch features visible one-minute tourbillon regulator, linear power reserve, octagonal ceramic bezel and a titanium Audemars Piguet deployant clasp. Accompanied by the wooden box, warranty, instruction booklet and magnifying glass.
Sold including buyer’s premium: HKD 1,230,000
Patek Phliippe Ref. 1373 “Piece Unique – Pendulette Dome 700eme Anniversaire de la Conferdetation”brass table clock. The very fine and unique, solar-powered and electromechanical brass table clock was created to celebrate the 700th anniversary of the foundation of Switzerland in 1991 and sold on 22 September, 1996. Accompanied by the fitted box, certificate, guarantee, registration card, instruction manual, hang tag and Japanese watch description in the frame.
Sold including buyer’s premium: HKD 1,014,000
Panerai Ref. RAM348 skeletonized ceramic wristwatch, No. M23/30, made in a unique edition of 30 units in 2010, the very fine and extremely rare wristwatch features one-minute dual axes tourbillon, 6 day power reserve, 24 hour indication, two time zone and a black coating stainless steel Panerai double deployant clasp. Accompanied by the original box, certificate, international guarantee certificate, instruction booklet, booklet (Lo Scienziato 2010, Tribute to Galileo Galilei 2011 and Panerai catalog 2010), Galileo’s Telescope book, additional straps (x3), hang tag and sticker.
Sold including buyer’s premium: HKD 990,000
Patek Philippe Ref. 5722/G-001 18K white gold wristwatch with diamond-set bezel). Sold in February 2009, the watch features date, moon phases, power reserve indication and an 18K white gold Patek Philippe concealed double deployant clasp. Accompanied by the Certificate of Origin, booklet, fitted box, push pin and hang tag.
Sold including buyer’s premium: HKD 750,000
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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, London, Milan, Munich, Moscow, Paris, Shanghai and Tokyo.