Published: June 27, 2007
Antiquorum’s summer auction conducted June 14 at The New York Timezone totaled $8,586,583. The highlight of the sale was a Patek Philippe Ref 5002, which sold for $1,240,400, a record for a wristwatch in the United States.
Bids came in from around the world, including Italy, Malta, Singapore and the Netherlands. Enthusiastic and heated bidding contributed to 120 percent sold by value and 85 percent sold by lot. In addition to the plethora of telephone, room and commission bidders, there were 368 bidders on the Internet eagerly competing for the 289 highly collectible timepieces offered in the sale.
“The sale’s results verify that the United States has become a mecca for serious watch collectors, in addition to confirming Antiquorum as the leading auction house in the field of horology,” said Julien Schaerer, auctioneer and watch director, Antiquorum USA.
In addition to the sale’s top lot, Patek Philippe did very well with several other watches. A Ref 5013 made in 1992, a tonneau-shaped, self-winding, 18K yellow gold gentleman’s wristwatch realized $383,600, while a yellow gold Ref 2499 made $344,400, a platinum diamond-dial Ref 3970E sold for $146,150 and a pink gold Ref 3970E fetched $123,150.
Also attaining extraordinary results were the Patek Philippe so-called “TV watches” †the yellow gold Ref 5020 and the pink gold both achieved the world record price of $232,400. Other noteworthy prices fetched by Patek Philippe were a Ref 5050 in pink gold with Roman numerals, which sold for $117,400, while the Sincere Ref 5035 sold for $ 54,280, nearly twice its estimate.
Audemars Piguet also obtained important results as evidenced by a “Royal Oak Concept,” which sold for $ 232,400. Harry Winston was not to be overlooked, with a “Platinum Opus 4” fetching $232,400. Moreover, FP Journe also fared well, with a platinum “Octa-Lune” selling for $ 47,200. Another fantastic price was achieved by a Vacheron Constantin Tourbillon Malte Squelette, which achieved $123,150. Omega obtained a great result for a De-Ville Central Tourbillon; it sold for $47,200.
Finally, Rolex achieved significant prices for the “Rolex Panerai,” which sold for $82,600 and the Rolex Explorer II Steve McQueen, which fetched $31,860.
Prices reported include the buyer’s premium. For information, 212-750-1103 or www.antiquorum.com.
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