This Rolex Ref. 6241 Daytona watch sold for $110,500 at Antiquorum Wednesday, well above its estimated sale price of $40,000 to $60,000.

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New York--Timepieces from Rolex and Patek Philippe were among the top performers at Antiquorum’s September auction held Wednesday in New York.

The “Important Modern & Vintage Timepieces” sale garnered a total of $2.8 million. The 319 lots sold 78 percent by volume but 119 percent by value.

In addition to those who attended in person, a total of 353 people participated by phone or Internet from countries including Hong Kong, China, Taiwan, the Russian Federation, the Netherlands, Canada and the United States.

The top lot of the sale was a Patek Philippe Ref. 2499 (below), which sold for $374,500 after several minutes of competition from bidders in the room, on the phone and online. The watch was estimated to garner between $300,000 and $500,000

The Patek Philippe Ref. 1436, a split-second chronograph with transitional dial originally retailed by Tiffany & Co., sold for $284,500, at the top end of its estimated range.

A Patek Philippe Ref. 3971 garnered $116,500, while a Ref. 5038, a limited-edition white gold perpetual calendar watch, sold for $56,250.

Both modern and vintage Rolexes also did well at Wednesday’s sale. The two Rolex Ref. 6241 timepieces, one an 18-karat yellow gold “Paul Newman” and the other a 14-karat yellow gold Daytona retailed by Tiffany, both garnered $110,500.

Vintage Rolexes complete with box and papers sold at the auction were: the Ref. 6538, a “James Bond” “Big Crown” with a gilt dial that sold for $76, 900; the Ref. 1019, which obtained $45,000, and the Rolex Ref. 1655, which fetched $21,875.

“The outcome for our September auction confirms that Rolex Sports watches continue to generate strong interest among collectors throughout the world,” Antiquorum President and Chief Executive Officer Evan Zimmermann said.

Other watches that performed well at Antiquorum on Wednesday include Audemars Piguet’s Royal Oak watches, a Tudor Monte-Carlo chronograph from the 1970s, and Panerai, with all Panerai models selling for well above their estimates at the auction.

“Today’s competitive bidding for rare examples of important watches confirms that the demand for collectible timepieces remains strong despite the current challenging economic climate,” said Charles Tearle, Antiquorum watch expert and director.