Antiquorum NY records its best sale of the year
December 13, 2013
Three phone bidders competed for this Patek Philippe Ref. 5207 minute repeater with honey-gold dial, which was the top lot of Antiquorum’s Dec. 11 sale in New York.
New York--Antiquorum’s auction held Wednesday in New York totaled $4.6 million. It was the top sale of the year here for the auction house, with a Patek Philippe watch that sold for more than $800,000 leading the way.
Antiquorum’s sale of Important Modern and Vintage Timepieces consisted of 343 timepieces and was sold 114 percent by value, based on low estimates, and 75 percent by lot.
The top lot of the auction was the Patek Philippe Ref. 5207, a tourbillon minute-repeating perpetual calendar watch with a honey-gold dial. A Chinese bidder paid $843,750 for the timepiece, which has a one-minute tourbillon regulator, instantaneous perpetual calendar and moon phases.
The second highest-grossing lot of the sale was another Patek Philippe timepiece, a Ref. 3974 minute-repeating perpetual calendar watch made in platinum. The self-winding watch has leap year indication and moon phases and it sold for $795,750.
“Highly complicated timepieces continue to be in great demand by collectors worldwide,” said Saori Omura, New York watch director for Antiquorum, noting they were especially pleased by the prices paid for the Patek Ref. 5207 and the 3974.
The auction house also noted that Rolex Paul Newman Daytona watches continue to perform well at auction, with three of the timepieces--a Ref. 6263 in steel, a Ref. 6239 in steel with a black dial and a Ref. 6264 in steel--ranking in the sale’s top 10 lots.
Antiquorum’s next auction is scheduled to take place Feb. 22 in Hong Kong.