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.
To browse the auction’s catalog, please click HERE
For the auction’s full price list, please click HERE