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Press Release

Urban Jurgensen Pocket Watch Shatters Estimate at Antiquorum’s May Auction

For Immediate Release

May 16, 2016

Urban Jurgensen Pocket ...

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 a remarkable CHF 117,750, nearly double its high estimate.

An exceptional Rolex Ref. 16518/16500 Porcelain Daytona Diamond Index N Serial Mark II (lot 131) offered from its original owner was in high demand. The rare timepiece appealed to collectors across the globe as it features a seldom seen combination of a porcelain and diamond dial. It was acquired for CHF 76,250, over triple its high estimate.

Vintage Heuers from the late 40’s thru the 70’s continue to attract collectors as seen by the Heuer Ref. 2447 Chronograph with Black Dial (lot 362) and the Heuer Ref. 110.313R Silverstone in Steel (lot 363) offered in the auction; both achieved remarkable results exceeding their high estimates.

Antiquorum looks forward to its next auction on July 9 in Hong Kong which will feature an impressive collection of modern and vintage timepieces from the world’s leading brands.

The top lots for the May 15th auction are as follows:

Lot 84
URBAN JURGENSEN 'THE KRUSENSTERN' CHRONOMETER ROSE GOLD Urban Jurgensen, Copenhagen, No. XI made in 1812. Highly important, exquisitely made and very rare 18K rose gold pocket Chronometer with Arnold spring detent Chronometer escapment.
Sold for: 747,750 CHF

Lot 476
PATEK REF. 3651 CHRONOGRAPH 4TH EXAMPLE EVER TO APPEAR. Movement made in 1961, cased by Patek Philippe in 1986. Fine and extremely rare, waterproof, 18K gold wristwatch with chronograph, register and tachometer and an 18K yellow gold Patek Philippe buckle. Accompanied by correspondence between the owner and Patek Philippe and 2 extract from the archives.
Sold for: 207,750 CHF

Lot 243
AUDEMARS PIGUET, NAPOLEON REVIEWING THE TROOPS, MINUTE REPEATING ENAMEL POCKET WATCH YELLOW GOLD Audemars Piguet, No. 2679, retailed by Joh. Hartmann, maker to the king, Berlin. Made circa 1880. Very fine and rare, 18K yellow gold, minute-repeating, hunting- cased, keyless pocket watch with double enamel scene.
Sold for: 183,750 CHF

Lot 164
VACHERON ONE MINUTE TOURBILLON 1ST PRIZE AT GENEVA OBSERVATORY. Made in 1931. Extremely rare and important, 18K gold, keyless pocket watch with one minute tourbillon regulator and Guillaume balance, specially adjusted for the 1931 Geneva Observatory Contest obtaining first prize. Accompanied by an extract of the Geneva Observatory.
Sold for: 183,750 CHF

Lot 197
BOVET ENAMEL FANCY BIRDS GOLD MADE FOR THE CHINESE MARKET Bovet, Fleurier, No. 496. Made for the Chinese market, circa 1835. Very fine and important 18K gold and painted on enamel center-seconds watch with duplex escapement, made for the Chinese market.
Sold for: 117,750 CHF

Lot 193
ATTRIBUTED TO PIGUET & MEYLAN MUSICAL SUMMER BOUQUET ENAMEL AND GOLD Attributed to Piguet & Meylan, Genève, signed by Charman, London, No. 9076. Made for the Chinese market, circa 1820. Very fine and rare, large, musical, 18K gold, painted on enamel and pearl-set pocket watch playing music on the hour or at will. Accompanied by a the original Charman fitted box and a winding key.
Sold for: 99,750 CHF

Lot 378
PATEK PHILIPPE REF. 3970 PLATINUM Patek Circa 1995. Very fine and important, water-resistant, platinum wristwatch with round button chronograph, register, perpetual calendar, moon phases, leap year, 24-hour indication and a platinum Patek Philippe buckle, Accompanied by Patek Philippe box, original certificate, booklet.
Sold for: 99,750 CHF

Lot 436
NICOLE NIELSEN & CO. TOURBILLON GRANDE ET PETITE SONNERIE PERPETUAL CALENDAR & 7 DAY GOING TRAVEL CLOCK SILVER. Made circa 1910. Very rare and fine grande and petite sonnerie, striking "hump-back" tourbillon carriage clock with perpetual calendar and 7 day power reserve, in original fitted traveling case with original silver ratchet key.
Sold for: 99,750 CHF

Lot 426
PATEK PHILIPPE REF. 725, "AMERICAN" DIGITAL PERPETUAL CALENDAR YELLOW GOLD. Made in 1979, sold on October 9th, 1979. Extremely fine and very rare, 18K yellow gold, keyless dress watch with linear digital perpetual calendar and moon phases. Accompanied by the Extract from the Archives and a Patek Philippe service invoice in the amount of CHF 2'160.
Sold for: 93,750 CHF

Lot 439
IWC REF 377017 GRANDE COMPLICATION PLATINUM International Watch Co., Schaffhausen, "Grande Complication," No. 05/50, case No. 3192134, Ref. 377017. Made in a limited edition of 50 pieces in 2006. Very fine and extremely rare, important, minute-repeating, self-winding platinum wristwatch with square button chronograph, registers, secular perpetual calendar, moon phases and a platinum IWC buckle. Accompanied by the original fitted wooden box, blank guarantee, booklet, Certificate and a book: The Grand Complication by IWC.
IWC REF 377017
Sold for: 90,000 CHF

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 Bangkok, Beijing, Dubai, London, Milan, Munich, Moscow, Paris, Shanghai, Singapore and Tokyo. WWW.ANTIQUORUM.COM.

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