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Christie's Hong Kong to auction rare timepieces

October 19, 2006

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Christie's Hong Kong to auction this rare Patek Philippe watch, believed to be one of two known to exist.

Hong Kong—More than 500 rare watches will hit the auction block on Nov. 29 during Christie's Hong Kong's "Important Watches Including the Property of a Royal House" sale.

Several rare Patek Philippe watches will be the highlight of the collection, including an 18-karat-gold dual-crown world-time watch with 24-hour indication and a gold guilloché dial, estimated at $320,000-$500,000. Christie's believes the watch, produced in 1953, represents only one of two reference 2523 watches in yellow gold with yellow-gold guilloché known to exist.

The auction will also include a Patek Philippe 18-karat-white-gold and diamond-set chronograph, reference 5071G, which has never before appeared at an Asian auction. The watch has more than 110 baguette-cut diamonds totaling 11.55 carats and comes preserved in its original packaging.

Collectors will also have the opportunity to bid on an 18-karat-gold automatic minute-repeating watch, reference 3979, estimated at $150,000 to $230,000.
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