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Press Release

Outstanding Results for Antiquorum’s August Sale in Hong Kong

For Immediate Release

Oct. 19, 2012

Outstanding Results for ...

For Immediate Release

Antiquorum’s auction of “Important Modern & Vintage Timepieces” held on August 25, 2012 at the Mandarin Oriental in Hong Kong, closed with the outstanding result of HKD $13,650,438. Of the 211 timepieces offered, several lots sold for four or five times their pre-sale estimate and overall, a remarkable 80.6% was sold, representing 131% by value.

A collection of rare tourbillons, selections from unusual modern brands and interesting Seiko clocks were among the items offered, driving intense interest and competitive bidding among collectors from around the world.

The exceptional Jaeger LeCoultre Ref.233.64.20, "Reverso Gyrotourbillon 2" in Platinum (lot 211) was undoubtedly the highlight of the sale. The rare Jaeger LeCoultre inspired tremendous excitement in the auction room and on the telephone, and was sold to a European collector at the remarkable price of HKD $1,880,000 (including buyer’s premium).

“With our first auction held in August in Hong Kong, we are excited to see that collectors’ interest in exceptional timepieces continues to be strong even during the summer holidays,” said Evan Zimmermann, President and CEO, Antiquorum. “The auction featured an amazing selection of timepieces that drove outstanding results.”

Patek Philippe timepieces also sold remarkably well. Notably, the Patek Philippe Ref. 5100 10 days in 18K white gold (lot 203) brought an astounding HKD $487,500. In addition, a Patek Philippe 18K Yellow Gold Five Minute Repeater (lot 187), attracted great interest -- after an intense session of fierce bidding, the watch sold for a staggering HKD $287,500 (including buyer’s premium), over four times its pre-sale estimate. A Patek Philippe 18K white gold ladies' wristwatch with diamond set bezel and integral bracelet set (lot 136) also achieved a noteworthy result of HKD $150,000 (including buyer’s premium), more than five times its pre-sale estimate.

As Omega produced only a small number of central tourbillon watches, pre-sale excitement built quickly around the Omega "De Ville Central Tourbillon” (Lot49), which fetched an exceptional price of HKD $300,000.

Several other brands were well represented in the sale. Gerald Genta achieved an impressive result for its Skeleton Perpetual calendar, minute repeater with diamonds in 18K yellow gold (lot 75), which brought an astounding HKD $462,500.

“Watch enthusiasts view tourbillons and perpetual calendar as essential complications to have in a collection, and we were delighted to see such competitive bidding for these and other exceptional lots at auction,” said Jill Chen, General Manager, Antiquorum Hong Kong.

Antiquorum looks forward to its next auction on October 19th in Hong Kong, which will feature a fantastic collection of vintage and contemporary Patek Philippe wristwatches.

The "Top Lots" for Antiquorum's August 25th Auction are as follows:

JAEGER LECOULTRE REVERSO GYROTOURBILLON 2 PLATINUM. Made in a limited edition of 75 pieces circa 2009. Very fine and rare, large, rectangular, reversible platinum wristwatch with visible Jaeger-LeCoultre caliber 174 with inclined two-cage multiaxis spherical tourbillon, 50-hour power reserve and 24-hour indication,“1000 Hours Control”, and an 18K white gold Jaeger-LeCoultre double deployant clasp. Accompanied by the original fitted box, guarantee certificate, instruction booklet, loupe and magnifier lens.


Lot 211
Sold including buyer's premium: HKD 1,880,000
Pre-auction estimate: HKD 1,200,000 - 1,600,000

PATEK PHILIPPE REF. 5100 10 DAYS WHITE GOLD. Made in a limited edition of 450 examples in 2000 to celebrate the Millennium. Very fine and rare, rectangular, water-resistant, 18K white gold wristwatch with 10-day power reserve and an 18K white gold Patek Philippe buckle. Accompanied by the original fitted box, Certificate of Origin, Chronometer Certificate, Attestation, medal, booklet, string tags and extra Patek Philippe strap with an 18K white gold buckle.


Lot 203
Sold including buyer's premium: HKD 487,500
Pre-auction estimate: HKD 340,000 HKD - 425,000

PATEK PHILIPPE REF. 130 CHRONOGRAPH ROSE GOLD. Made in 1944, sold on October 12th, 1945. Very fine and rare, 18K rose gold wristwatch with square button chronograph, register, and tachometer. Accompanied by a fitted Patek Philippe box, certificate of origin and the Extract of the Archives.


Lot 202
Sold including buyer's premium: HKD 475,000
Pre-auction estimate: HKD 260,000 - 340,000

GERALD GENTA REF. 3019 SKELETON PERPETUAL CALENDAR, MINUTE REPEATER WITH DIAMONDS Made in the 1990's. Very fine and rare, octagonal, astronomic, minute-repeating, skeletonized, water resistant, 18K yellow gold and diamond wristwatch with perpetual calendar, moonphases and an integrated 18K yellow gold Gérald Genta set with round cut diamonds link bracelet and deployant clasp. Accompanied by a box, string tag and service papers dated March 4, 2008.


Lot 75
Sold including buyer's premium: HKD 462,500
Pre-auction estimate: HKD 350,000 - 450,000

DEWITT “ACADEMIA ONE MINUTE TOURBILLON MYSTERIEUX”, Ref. EN. 080.53, No. 23/50. Made in a Limited Edition of 50 pieces in 2006. Very fine and rare, oversized, water-resistant, 18K pink gold wristwatch with one minute tourbillon and an 18K pink gold DeWitt deployant clasp.


Lot 100
Sold including buyer's premium: HKD 350,000
Pre-auction estimate: HKD 300,000 - 400,000

BREGUET CLASSIQUE RATTRAPANTE WITH WHITE ENAMEL DIAL YELLOW GOLD. No. 2 of a limited edition of 7 pieces. Made in 2007. Very fine and rare, 18K yellow gold wristwatch with split-second chronograph with an enamel dial and an 18K yellow gold deployant clasp. Accompanied by the original fitted Breguet box.


Lot 210
Sold including buyer's premium: HKD 350, 000
Pre-auction estimate: HKD 230,000 - 475,000

BREGUET REF. 3357 BREVET DU MESSIDOR AN 9 TOURBILLON WHITE GOLD, Made in the 1990's. Very fine and rare, 18K white gold wristwatch with visible one-minute tourbillon regulator with an 18K white gold Breguet deployant clasp.


Lot 209
Sold including buyer's premium: HKD 325,000
Pre-auction estimate: HKD 200,000 - 300,000

OMEGA DE VILLE, CENTRAL TOURBILLON, NO. 11 YELLOW GOLD. Launched in 1994 as the world’s first automatic wristwatch with central tourbillon regulator in honor of the 100th anniversary of the founding of Omega. Very fine and rare, self-winding, water-resistant, 18K yellow gold chronometer wristwatch with visible central one-minute flying tourbillon regulator and Omega 18K yellow gold deployant clasp. Accompanied by an Omega box.


Lot 49
Sold including buyer's premium: HKD 300,000
Pre-auction estimate: HKD 200,000 - 250,000

PATEK PHILIPPE FIVE MINUTE REPEATER YELLOW GOLD MADE FOR TIFFANY & CO. made for Tiffany & Co., New York in 1917. Fine, slim, 18K yellow gold, keyless five minute-repeating dress watch with "Extra" movement. Accompanied by a gold dress chain, gold capped stone-set pocketknife decorated with a serpent, a Tiffany & Co. box and Extract from the Archives.


Lot 187
Sold including buyer's premium: HKD 287,500
Pre-auction estimate: HKD 64,000 HKD - 72,000

For more information:
Please contact connie@antiquorum.com or call 852-25224168
or visit our website WWW.ANTIQUORUM.COM

About Antiquorum: 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.

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