Bidders bid on over 450 watches in Antiquorum New York’s September auction for Important Modern and Vintage Timepieces last week. These sales totaled over $3.6 million. The bids were made via commission, telephone and internet and they were from the UK, Asia and the Middle East. There were modern limited edition time pieces in excellent condition that were purchased for amazing prices.
The highest paid item was sold for $255,750. It was a Jaeger-LeCoultre Reverso Gyrotourbillion 2, No. 04/75. This time piece is a limited edition reversible pink gold watch. The visible Jaeger-LeCoultre caliber 174 with inclined 2 cage multi-axis spherical tourbillion. Other higher paid items were a Greubel Forsey Double Tourbillion 30 degree Vision, No. 58 was also sold for $219,750. An Audemars Piguet Ref. CCW1 Carbon Royal Oak Concept 2 was sold for $141,750 and a Hublot Ref. MP-02 Flying Tourbillion Titanium PVD Coated timepiece was sold for $147,750. A Patek Philippe Ref. 5070 Chronograph in yellow gold and one of the same brand with Ref. 5940 Perpetual Calendar in yellow gold were both sold for $62,500. The Patek Philippe watches are usually sold for the higher prices at these auctions.
There were timepieces with interesting stories behind them that were sold for higher prices as well. There was a lady’s Swiss gold pocket watch that had been given to HRH Princess Alice, who lived between 1843 and 1878 for her 12th birthday, by her parents Queen Victoria and Prince Albert. This incredible historic piece was sold for $26,250. Pieces such as this one always attract attention from buyers all over the globe, and create highly competitive bidding, as this one fetched over 8 times its worth. Antiquorum’s October 26th auction in Hong Kong is expected to feature a great collection of modern timepieces from Patek Philippe, Jaeger-LeCoultre and A. Lange & Sohne.
The Antiquorum is the world’s premier auction house for modern and vintage watches. They have a reputation for having the best information in the industry and only employ experts in the field of watches. It started in 1974 in Geneva and has generated its own place in the world of auctions by creating an atmosphere for a collector’s market for watches worldwide. They always obtain the highest bids, and are the only place to find exceptional timepieces that have set world records for their rarity.
As a great source for these collectors, the Antiquorum started selling these timepieces at auction in the early 1980’s, and ended up making an exciting market place for these sales. Some years later, the themed auctions were started with the Art of Patek Philippe in 1989, which was the 150th anniversary of the company. These themed sales are offered regularly where collectors and watch authorities can gain knowledge on each line. World records have been set with the Vacheron Constantin, the Tour de l’Ile, and the King Fouad I. Another record was set for the Mondani Collection of 309 Rolex watches in 2006.
There are about 10 auctions held each year in Geneva, New York, and Hong Kong, with previews held in other major cities around the world. There are also Antiquorum offices and agents in Paris, Milan, London, Munich, Shanghai, Tokyo, and Moscow. These offices are staffed with the most knowledgeable staff and experts, providing the best service available to any auction house in the world.