Watch Auctions

Save E-mail Print Most Popular RSS Reprints

Antiquorum's Geneva auction nets $12.7 million

November 18, 2008

Similar Stories | Topics
Made circa 1815 for presentation in the name of King George III to the Chinese Emperor Jiaqing in 1816, the "Royal Presentation Mirror-Image Pair" pocket watches feature enamels depicting "Affection and Innocence" by Jean-Abraham Lissignol after an engraving by Francesco Bartolozzi.

Geneva--Antiquorum has realized more than 15.3 million CHF, or about $12.7 million, in its weekend auction of Important Collector's Wristwatches, Pocket Watches, Clocks and Horological Tools.

The highlight of the sale was Lot 730, "The Royal Presentation Mirror-Image Pair" of gold pocket watches with painted-on enamel and pearls. The very rare pocket watches, made circa 1815, fetched 2.6 million CHF (about $2.17 million), a worldwide record.

The auction room at Geneva's Grand Hotel Kempinski was full during the Nov. 15-16 auction, Antiquorum said in a media release, and telephone and Internet bidding was active.

Bidding was particularly enthusiastic for a Patek Philippe Ref. 1518, a pink gold perpetual-calendar chronograph (Lot 723) that reached 1,376,000 CHF (about $1,146,000), another world record. Several other Patek Philippe timepieces achieved exceptional results as well, including a pink gold Ref. 2497 (Lot 350) at 620,000 CHF (about $517,000), and Ref. 530 (Lot 250), also in pink gold, which sold for 462,200 CHF (about $385,200).

Despite the turns in the economy, Antiquorum said it is heartened by the sale's results.

"The recent downturn in other collectible markets indeed concerned us in the past several weeks, Antiquorum USA President and Chief Executive Officer Evan Zimmermann said in the release. "But the results in Geneva today combined with the impressive results in last month's auction in New York leads us to believe that collectors and investors in our unique arena continue to feel confident in the long-term strength of this tangible market."

Additional highlights from the auction included a Greubel Forsey "Double Tourbillion 30-degree Vision" in 18-karat gold (Lot 703), a Harry Winston "Opus V" in platinum (Lot 707) and an Audemars Piguet "Perpetual Set N-degree 1 Quantieme Perpetuel" (Lot 708). The timepieces sold for 238,000 CHF, 226,200 CHF and 220,300 CHF, respectively (about $198,400, $188,500 and $184,000).
Save E-mail Print Most Popular RSS Reprints
Post a Comment
* Required field
* Author:
* Comment:
 

More Watch Auctions

Patek Philippe's Ref. 5016 watch in platinum
Year-end Antiquorum sale reaches nearly $7.3M

New York--Antiquorum closed its 2008 season last week, netting a total of $7,279,620 in a New York sale of Important Collectors' Wristwatches, Pocket Watches and Clocks. Read More

First Patrizzi auction realizes $5.4 million
Antiquorum's Geneva auction nets $12.7 million
More Watch Auctions

More Like This

Latest Christie's auction sells 50 percent by lot
November 21, 2008 | National Jeweler Network
Cartier watches now bear Geneva Seal
April 01, 2008 | National Jeweler Network
Rare pocket watches on block at Sotheby's
October 03, 2007 | National Jeweler Network
Swiss sensations
May 16, 2007 | National Jeweler Network
Antiquorum to auction FDR, Charlie Chaplin watches
May 03, 2007 | National Jeweler Network

Design Portfolio

advertisement

Video

Small multi video player located on right rail of NJN site

advertisement

ShopNBC, Jewelry Television announce layoffs
Zale holiday sales down 19.6 percent
Signet holiday sales down 15.2 percent
Israel's diamond exports drop in '08
Rogers, Samuels pull designs amid lawsuit
ShopNBC, Jewelry Television announce layoffs
Zale holiday sales down 19.6 percent
JA New York to offer brand-new seminars
Signet holiday sales down 15.2 percent
Macy's closing nine stores
Sponsored by:

Retailer Toolbar

LoupeIt
LoupeIt!
A search engine designed specifically for the jewelry industry where every return is relevant to the retail jeweler.
Newsletters
Newsletters
Topic-specific newsletters that deliver the latest news on jewelry, diamonds, wholesale operations and high-volume buying directly to your in-box.
Reader Connect
ReaderConnect
Supplier information presented with every article, bringing you related, actionable content on every topic.
Jewelry Yellow Pages
Yellow Pages
A comprehensive listing of associations, organizations, suppliers and services for the jewelry industry.
Classifieds
Classifieds
A comprehensive listing of job postings, product offerings and other materials for sale for the jewelry industry.
NJN Customer Connect
CustomerConnect
The most sophisticated suite of marketing services available for jewelry retailers, from Internet tools to data marketing.

advertisement