Exceptional Timepieces Make Big Numbers At Antiquorum’s Hong Kong Auction

• Posted by Admin on October 22nd, 2011 filed in Uncategorized
• Comments Off

Uncommon complicated watches from Patek Philippe and Franck Muller led the pack, as auction family Antiquorum mantled up its effective 2009 Hong Kong auction on June 27th, racking up an impressive sale aggregate of HKD 45,253,120 (USD $5,838,886.29). Enthusiastic bidding took situation from a full room in the Mandarin Oriental Hotel, to consist of many more than 250 on-line participants representing countries from about the globe. Antiquorum managed to sell 82% of the 479 lots shown, a figure which characterized roughly 115% of the estimated value.

The auction’s leading performing lot was an exceptionally distinctive version of the Patek Philippe Ref. 3974, in 18K yellow gold having a black turntable featuring painted pearly Roman digit hour figures. This complicated watch with minute repeater and perpetual calendar complications showcases an very preferable medley of watchmaking complications, inside a fashion that’s emblematic of Patek Philippe grace and understatement. A sales cost of USD $387,000 comfortably surpassed presale estimates for a principally soughtafter present-day Patek Philippe reference.

Fetching just slightly empty of than the Patek Philippe 3974 watch was an ultracomplicated and especial Franck Muller timepiece from 1997. Dubbed the “Caliber 97″, it summarizes to many collectors the elite of Franck Muller’s watchmaking talent, uniting numerous probably the maximum challenging complications in horology, which includes the grande sonnerie, the equation of time, along with a perpetual calendar with moonphase and retrograde calendar indications. A platinum circumstance set with spectacular baguette diamonds aboard each the bezel and also the case lugs make this Franck Muller art much extra remarkable. It sold for USD $363,000.

Other watches namely testified impressive had been a Rolex 1680 “Red” Submariner from 1972 retailed at Cartier (dollar $170,316), by with a Richard Mille RM002 Tourbillon namely fetched dollar $105,286. Tripling the presale figures at USD $54,191 was a historical Vacheron Constantin “Cockatiel Clock” produced because the Chinese marketplace. Audemars Piguet likewise produced an impressive showing having a perplexing yellow gold pocket watch dating apt 1963, which functioned a minute repeater, perpetual calendar with moon phases, by with a splitseconds chronograph having a advanced 30minute counter. It was earned because an impressive sum of USD $90,578.

“We are very pleased using the outcomes of this auction and emerge amenable to continued growth in Asia, an increasingly necessity zone for our enterprise,” stated Evan Zimmerman

, President & CEO of Antiquorum. “This auction demonstrated Antiquorum’s competence to invest service to our longestablished customer pedestal in Asia, for we continue to look fashionable clients in Asia entering at always levels of the marketplace.”