Top

Christie’s May Auction

May 30, 2009 by Administrator · Leave a Comment 

watch_auction_geneva.jpg

Thomas Mulier in Geneva reports for Bloomberg.com that Christie’s auction house raised 15.1 million Swiss francs ($14 million) in a watch auction in Geneva yesterday, after a rival Sotheby’s auction missed the low end of its estimated range. The top lot was a pre-owned Patek Philippe watch with a calendar that automatically adjusts to leap years that sold for $1.8 million, according to the London-based auctioneer.

The entire sale was estimated to raise 8.9 million francs to 12.8 million francs. A Sotheby’s auction of timepieces in the same Swiss city on May 10 raised 3.75 million francs, missing the low end of the sale’s estimated range by about 50,000 francs.

Christie’s sold a brass telescope given to Napoleon Bonaparte in 1800 as he traveled via Geneva to join a battle in Genoa for 147,000 francs, about triple its top estimate. The auction house also sold a Breguet carriage clock originally made for the Queen of Naples for 723,000 francs, exceeding its high estimate. It will be displayed in the Breguet museum, according to Aurel Bacs, co-head of Christie’s global watch unit.

Estimates don’t include the buyer’s premium, reports Mulier, which for Christie’s were 25 percent of the price for the first 60,000 francs, 20 percent from there to 1.2 million francs, and 12 percent of any amount in excess of that.

If you have a valuable timepiece, don’t forget to check out the San Diego Luxury Pawn Shop Report’s tips for selling a used watch.

Over $6.7m at Auction

April 26, 2009 by Administrator · Leave a Comment 

patrizzi_auction.jpg

National Jeweler reports that Patrizzi and Co.’s April 19 horological auction brought in more than $6.7 million. Three commemorative-edition Patek Philippes earned the top prices.

An 18-karat yellow gold Patek Philippe minute repeater with perpetual calendar and moon phases was the star of the show, selling for about $349,787. The wristwatch was produced in a small series in 1989 to celebrate Patek’s 150th anniversary.

A Patek “Officer’s style” minute repeater chronometer wristwatch, sold for about $332,724. The timepiece was made in 1997 as one of 10 watches in 18-karat yellow gold to commemorate the new company headquarters just outside of Geneva.

Finally, a Patek Philippe minute repeater wristwatch produced in 2004 as one of five to mark the 50th anniversary of George Pragnell Jewellers in London, sold for about $315,718.

Patrizzi and Co. said in a media release that in addition to the enthusiasm for Patek Philippe, bidding was competitive for several Vacheron Constantin and Panerai wristwatches, as well as for a Hublot “Big Bang Tourbillon Solo Bang,” which nearly doubled its estimate.

Also selling well were a Breguet “souscription” watch in 18-karat gold that was originally sold to Prince Ferdinand in 1812; a Louis Audemars No. 12131 circa 1875; and a Patek Philippe and Cie yellow gold keyless “World Time” gentleman’s dress watch with a cloisonne enamel map of North America. The timepieces sold for about $36,142, $77,457 and $79,178, respectively.

Collectible Watch Market is Red Hot

October 27, 2008 by Administrator · Leave a Comment 

walth2.jpg

Looking further proof that the collectible watch market is going like gangbusters? Here it is: One day after Antiquorum brought in nearly $10 million at its fall clock and watch auction, Sotheby’s hauled in nearly $4.1 million in New York at its Oct. 17th auction of “Important Watches.” Like Antiquorum, Sotheby’s saw strong interest from buyers not only in the United States, but also Europe and Asia. Read more

New Auction House to Sell Masterpiece Watches

September 22, 2008 by Administrator · Leave a Comment 

pz1.jpg

Patrizzi and Co. Auctioneers, a new auction house founded by former Antiquorum chairman Osvaldo Patrizzi, has announced its first-ever auction.

The National Jeweler Network reports that the sale of watchmaking masterpieces will take place on Nov. 18 at the Hotel Richemond in Geneva, with collectors also participating via the Internet.

A trio of Breguet timepieces are among the lots to be auctioned off, with Breguet No. 2807, an 18-karat gold and enamel astronomical, equation-of-time pocket watch, among the offerings. The watch was one of an edition of three created by Breguet, but No. 2807 is the earliest of the three and the only one known to still be in its original condition. The watch features mean and true solar time, manual perpetual calendar and phases of the moon. The watch was sold to General Yermoloff in 1817 and is expected to sell between $1,400,000 and $1,850,000.

Breguet No. 2396 is a fine and extremely rare 18-karat gold watch with a “Garde Temps” four-minute tourbillon regulator. The timepiece’s regulator features constant force escapement that has been converted, as well as independent seconds, a 36-hour power-reserve indicator and fast-frequency balance. The watch was also sold to General Yermoloff in 1815 and is expected to fetch between $550,000 and $850,000.

The Breguet and Fils “Horlogers de la Marine Royal,” Breguet No. 3787, is one of three of the world’s first “Garde Temps” deck chronometers with double barrels known to have survived. Made in silver, the watch is one of the first practical deck watches ever made. It is estimated between $160,000 and $180,000.

Additional highlights of the sale include a Vacheron Constantin extra flat minute repeater and a Patek Philippe Ref. 1518, each expected to realize between $180,000 and $360,000.

For highlights and more information, visit the Patrizzi and Co. Web site, PatrizziAuction.com.

###

If masterpiece watches are not your style but hip hop jewelry is, then the following article from the San Diego Luxury Pawn Shop Report is right up your alley: Hip Hop Bling Goes to Auction.

Bottom