$1m rose gold Patek Philippe timepiece concludes Antiquorum's autumn season

paulfrasercollectibles

2015-06-26 12:08:15

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$1m rose gold Patek Philippe timepiece concludes Antiquorum's autumn season

The great range of antique and modern watches also included one worn on Mount Everest

Antiquorum's weekend sale ofImportant Vintage and Modern Timepieces held on November 13-14 at the Mandarin Oriental Hotel in Geneva, realised CHF7,006,275 with 80% of the lots being sold. This concludes Antiquorum's autumn auction season with a total of CHF 15,922,890 ($16,010,000).

In addition to the 339 online bidders, there was a substantial presence in the room as well as numerous telephone bidders. Attendance came from around the world, including Germany, Italy, the United States, Romania, Hong Kong, Taiwan, China, Singapore and Canada.

"We are very satisfied by the results achieved this weekend in Geneva, in particular with theimpressive price obtained for the Everest Rolex of Alfred Gregory", said Julien Schaerer, Managing Director & Auctioneer. "This demonstrates the great interest of collectors for timepieces that not only have historical significance, but also bear great emotional value."

The top lot of the auction was the extremely rare Patek Philippe Ref. 2499, in Pink Gold (lot 643), which sold for a remarkable CHF 1,082,500. Other Patek Philippe timepieces achieved very good results, including the Ref. 3450 (lot 252), acquired for CHF 212,500 and the Ref. 866/75 in yellow gold (lot 636), with enamel hunting scene on the case back: "Departure of the pack at daybreak" that reached CHF 92,500.

Pink gold 2499 Patek Philippe timepiecePink gold 2499 Patek Philippe timepiece (Click to enlarge)

The Rolex Ref. 6098 (lot 621) worn by Alfred Gregory on Everest during the successful expedition of 1953, drew a lot of attention and excitement among the collectors. After fierce bidding in the room against the phone and internet, this watch of enormous historic significance sold for an exceptional CHF 145,300, more than 5 times its highestimate.

It makes an interesting comparison with Edmund Hillary's watches, which are of course currently blocked from their intended auction.

Another timepiece of great interest, the Quarter-Repeating Navette-Shaped Ring Watch (one of only two known examples) given to The Emperor Napoleon I (lot 466), reached a remarkable CHF92,000.

Girard-Perregaux wristwatches also obtained notable results including the "Opera Two, Tourbillon, Carillon 'Westminster' Minute Repeater with Tourbillon," No. 2, Ref. 99740 (lot 548) that achieved CHF 182,500.

The "Vintage 1945 Collection Prestige Set Unique" (lot 547), comprising four exceptional platinum wristwatches, sold for CHF 112,900.

"Superb complicated modern wristwatches made both by the renowned Manufacturers and the independent artisan makers draw increasing interest amongst a new generation of collectors, seeking exclusive and limited series watches", commentedEtienne Lemnager, Director & Watch Expert.

Admirers of fine timepieces frustrated to have missed the auction will be glad to know that a unique and fantastic watch made by Grieb & Benzinger is currently available.

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Image: Antiquorum

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