Phillips launch Hong Kong watch sale with Patek Philippe rarities

PocketPete

PocketPete

2015-11-23 11:11:09

Phillips will launch its inaugural Hong Kong watch auction next month with a catalogue of important watches, led by some notable rarities from Patek Philippe.

“We are thrilled to bring a new type of sale to Hong Kong, with an emphasis on quality, not quantity," said Sam Hines, Phillips' new International Head of Watches. "With a total estimate of US$13.5 million, the sale will feature a smaller number of lots, but will have exceptional quality.

"Hong Kong is a very important watch auction centre, with a long collecting history and many of the world’s most important collectors. We will offer a wide variety of watches, including some historical antiques never been offered at auction in Asia."

Leading the sale will be a highly rare Patek Philippe Ref. 3450 automatic perpetual wristwatch with moon phases and leap year indicator, one of only two examples ever made in white gold. Originally purchased from the Patek Philippe salon in Geneva in 1985, and last offered for sale in 1993, the watch is expected to sell for HK$8-16 million (US$1-2 million).

Another notable highlight from the Swiss manufacturer will be a historically important stainless steel openface pocketwatch, originally manufactured in 1924. This one minute tourbillon regulator was awarded the first prize at the Geneva Astronomical Observatory for the timing contest on February 3, 1931, and is one of only two existing examples, with the other owned by the Patek Philippe museum.

Described as "a magnificent watch destined to draw the attention of the most astute wristwatch collectors", the pocketwatch comes with an estimate of HK$3.9-8 million (US$503,000-1.03 million).

Further notable Patek Philippe lots will include a Ref. 5013 pink gold tonneau-shaped minute repeating perpetual calendar wristwatch, circa 2008, estimated at HK$3.1-4.6 million (US$390,000-575,000); a Ref. 3939 platinum minute repeating tourbillon wristwatch made in 2002, valued at HK$2.4-4 million (US$300,000-500,000); and a unique Ref. no. 865/104 hunter case yellow gold watch with enamel miniature, painted by Suzanne Rohr after a painting by Jean-Baptise Arnout, estimated at HK$950,000-1$1.5 million (US$120,000-187,500).

The Phillips Hong Kong Watch Auction One takes place at the Four Seasons Hotel on December 1.

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