Following the big success of its last auction in Geneva, June's Hong Kong auction realized a total of HK$ 36,051,200 (US$ 4,616,716/CHF 4,840,234/EUR 2,997,657). Of the 417 first-class timepieces offered, 112% was sold by value and 72% was sold by lot.

Fierce bidding came from the packed auction room at the Hong Kong Club Building against telephone and more than 300 registered on-line bidders. Apart from the local clientele, buyers came from all over the world as far away as the United States, Russia, Switzerland and Japan.
Excellent prices were achieved for Patek Philippe wristwatches with the highlight of the sale, lot 411, a White Gold Ref. 5004G, a perpetual calendar split chronograph wristwatch which achieved HK$ 2,551,000 (US$ 326,668,000/CHF 338,963,000) followed by lot 413, a limited edition watch with a Silicon Escape Wheel sold for HK$ 660,000 (US$ 84,516/CHF 87,697) and by lot 372, a 18K yellow gold wristwatch with retrograde perpetual calendar which reached HK$ 516,000 (US$ 66,076/CHF 68,563).

Lot 411 :White Gold, Ref. 5004G Patek Philippe, Genève, movement No. 3275025, Ref. 5004G. Sold on May 22, 2006. Sold including buyer's premium: HKD 2,551,000.00

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Source: Antiquorum