Antiquorum’s fall auction of “Important Modern & Vintage Timpieces” held at the Mandarin Oriental in Hong Kong on Friday, October 19th achieved outstanding results totaling HKD23,834,875 . A total of 75.8% of the auction was sold by lot, with 124% sold by value.

The highlights of the sale included the Harry Winston “OPUS V” 18K pink gold wristwatch, the Louis Vuitton “Tambour Diving II” 18K black gold diver’s wristwatch with square button chronograph specially made for Only Watch Auction 2011, and a series of fine Patek Philippe timepieces.

One of the most exciting highlight’s of the sale was definitely the Harry Winston “OPUS V” 18K pink gold wristwatch (Lot 323). This very fine and rare wristwatch aroused a lot of interest among collectors and was sold for an impressive HKD1,160,000 (including buyer’s premium) after heated competition between room, phone and Internet bidders.

Another highlight was the Louis Vuitton “Tambour Diving II” 18K black gold diver’s wristwatch with square button chronograph (Lot 118), specially made for Only Watch. The unique and highly collectible wristwatch drew consideration attention among collectors and attained a noteworthy price of HKD400, 000 (including buyer’s premium).

The outstanding performance of Patek Philippe once again highlights the brand’s popularity among collectors worldwide. The Patek Philippe Ref. 5101P 10 Days Tourbillon Platinum (Lot 322) sold for HKD1, 556,000 (including buyer’s premium), the highest price attained in the sale.

Patek Philippe Ref. 5131G-001 World Time wristwatch (Lot 206), a very fine wristwatch combining precise watchmaking expertise and traditional enamel craftsmanship achieved HKD1,040,000 , while Patek Philippe Ref. 5050G Roman Dial 18K white gold wristwatch with perpetual calendar (Lot 321), brought HKD608,000. Also noteworthy was the Patek Philippe Ref. 5350R 18K pink gold wristwatch (315), which attained HKD475, 000 after fierce bidding.

Patek Philippe Ref. 1146 “Piece Unique – Pendulette Dome –Fêtes des Vendanges" Dome clock (Lot 127), which had drawn considerable attention prior to the sale, attracted many collectors vying for it and was sold to an Asian collector for a remarkable HKD980,000. (including buyer’s premium)

The auction attracted collectors from across the globe with bidders from China, Taiwan, Hong Kong, Russia, Singapore, Switzerland and the United States.

“Today’s fierce competition among global bidders for the Patek Philippe Ref. 1146, Harry Winston “OPUS V” and other amazing lots for auction confirms the ever-increasing market demand for collectable timepieces,” said Jill Chen, General Manager, Antiquorum Hong Kong.

Antiquorum looks forward to our next auction on November 11th in Geneva, featuring a magnificent royal presentation musical fan with concealed watch and an impressive collection of Patek Philippe and Rolex timepieces.

To read the full report, click HERE

Source: Antiquorum