Patek Philippe At the Rare Watches Autumn auction on 8 November this year, Christie’s Geneva will be offering the first example of “L’Heure d’Or”, Patek Philippe’s Ref. 2523 two crown world time.
This extremely fine and highly important Patek Philippe is the first example of a 18k gold two crown world-time wristwatch with 24 hours indication and first time seen waved guilloché gold centre (outer silvered revolving ring with names of 41 world cities adjusted by the crown at 9).
This is the very earliest specimen of the Patek Philippe’s Ref. 2523 two crown world time wristwatch ever made. Furthermore, the beautiful gold guilloche dial is not known on any other yellow gold example of the reference.
Never before seen at auction, the present watch can be considered an exemplar of Patek Philippe’s 1950s ‘golden age, when design, craftsmanship and technological advancement coincided to create perfection. Being the earliest reference 2523 to be manufactured, this historic watch has an immense status even amongst the ultra-rare two crown world time model and can be considered as the cornerstone watch of the entire reference.
Patek Philippe’s two-crown reference 2523 is one of the ultimate world-class rarities, sitting alongside the other Patek Philippe wristwatch legends such as the steel reference 1518 and the first series 2499. Reinforcing its importance is the fact that it was made in extremely small numbers, a total of only 26 examples were made in either yellow or pink gold and one example in white gold.
Until the discovery of the present watch, the earliest known case number was 306’193. The present watch with case number 305’699 is also fitted with the earliest movement number 720’300. Whilst undoubtedly the first ever production watch of reference 2523, it was perhaps also the last ‘prototype’ piece for the final design.
Signed Patek Philippe, Genève, Ref. 2523, movement no. 720’300, case no. 305’699, manufactured in 1953.
Following the recent announcement of a unique Patek Philippe reference 3448 cased in platinum with sapphire-set indexes, Phillips in Association with Bacs & Russo presents additional highlights from The Hong Kong Watch Auction: XIII, taking place on 27 and 28 November, 2021.
The two-day auction series will feature over 300 lots including important timepieces that are exceptional in terms of provenance, aesthetics, condition, and rarity, hailing from power houses including Patek Philippe, Rolex, Audemars Piguet, as well as from master independent watchmakers such as F.P. Journe, Harry Winston, and Gérald Genta.
In addition to the unique Patek Philippe reference 3448 ‘The Blue Royale’, this season Phillips will offer another stunning piece from Patek Philippe – the reference 1518 perpetual calendar chronograph wristwatch cased in yellow gold from 1949.
The reference 1518 was the first perpetual calendar chronograph wristwatch ever produced in series when it was introduced in 1941. According to research, only 281 examples were manufactured in yellow and pink gold until the reference ceased production in 1954.
Highlighting the sale is a Rolex Daytona reference 6241 yellow gold chronograph wristwatch with “Paul Newman John Player Special” dial (nicknamed JPS ref. 6241) that has never previously been offered at auction. Reference 6241 was introduced in 1965 with a production spanning just for four years until 1969, and it is among the rarest Daytona models ever produced.
Research indicates that less than 300 examples were cased in 18K yellow gold. One of the most desired and visually striking iterations of the Daytona is indeed the present “John Player Special Paul Newman” and it is an exceedingly rare variant of the “Paul Newman” model. In addition, what makes this specimen the ultimate trophy is not only its exceptional preservation, but also the two French gold import hallmarks indicated with the owl symbol and the Geneva Helvetia hallmark stamped crisply on the caseback and lugs.
Besides the JPS reference 6241, an interesting vintage Rolex model in this auction is a Paul Newman Cosmograph Daytona reference 6263 with a panda MK 2 dial displaying “tropical” outer minute track and accompanied by the original warranty.
The next highlight is the Rolex reference 16589 SACI fitted with a stunning full paved diamond dial and adorned with 24 baguette-cut sapphires set uniformly on the sectioned bezel. 8 individual sapphire-set hour markers contrast with a modern touch of Arabic numerals.
Another timepiece of note is a Rolex “Oyster-Split” reference 6265 from 1975 that is preserved in stunning condition.
The auction will include three remarkable Audemars Piguet Royal Oak watches including a reference 15202 cased in white gold and features pavé diamond-set, a perpetual calendar in a black ceramic 41mm diameter case with an open worked dial, as well as a limited-edition Royal Oak perpetual calendar features a highly desirable green Grande Tapisserie dial and a sharp yellow accent week indicator. The present watch is one of 50 examples made for the Hong Kong retailer, Unique Timepieces.
Launched in 1999, the F.P. Journe Chronomètre à Resonance features a spectacular mechanical movement composed of two independent balances alternatively serving as an “exciter” and “resonator”. When in motion, the balances create the resonance effect and beat in opposition, naturally evening out each other’s discrepancies and thus permitting greater accuracy.
The present example in platinum is of the rare and desirable first generation example from 2001, which is highly sought after by watch collectors due to its technical prowess combined with the historical relevance to the heritage of F.P. Journe.
Introduced in 2017, the F.P. Journe Vagabondage III was the final version of the Vagabondage series, released as a limited edition of 68 pieces in pink gold.
Discontinued in 2019, the present example in pink gold is numbered 17 and is offered in excellent overall condition and furthermore accompanied by the full set of accessories.
The Harry Winston Opus series was inaugurated with the Opus One by François-Paul Journe in 2001. Antoine Preziuso’s beautiful Opus Two followed the year after. The Harry Winston Opus Two was created in 23 limited pieces in total with 11 of The Tourbillon with Perpetual Calendar such as the present example here.
Launched in 2003 in collaboration with Vianney Halter, the Harry Winston Opus 3 is one of the most complicated time and date only watches ever produced. The present example in 18K pink gold is numbered 17 of a limited edition of 25 examples in pink gold.
Having designed some of the world’s most iconic models for the most established Swiss watch firms, Gérald Genta set out to create his own brand name in 1969.
Encased in an elegant 34mm round-shaped platinum case a with baguette diamond-set bezel, the present Gérald Genta reference G40114 displays the firm’s cal. 210 through its sapphire crystal caseback and skeletonized dial.
This Gérald Genta watch features a perpetual calendar function with a minute repeater. Its self-winding movement is fully hand assembled and engraved allowing the wearer to admire the timepiece in all angles. The present example is numbered 1 on the caseband and it is mostly likely a unique piece that was specifically tailored-made for an esteemed collector of the brand.
The Hong Kong Watch Auction XIII
Evening Session: 27 November 6pm HKT | Day Session: 28 November 12pm HKT
Location: JW Marriott, 88 Queensway, Admiralty, Hong Kong
Phillips in Association with Bacs & Russo has announced the sale of a unique Patek Philippe reference 3448/100, a perpetual calendar wristwatch cased in platinum, to be auctioned during The Hong Kong Watch Auction: XIII on 27 and 28 November.
This example from 1973 is the only example known with unique sapphire-set indexes, making it one of the most celebrated reference 3448 to be offered to the public.
First introduced in 1962, Patek Philippe’s groundbreaking reference 3448 was the world’s first self-winding perpetual calendar wristwatch, and it was the only self-winding perpetual calendar wristwatch available in the market for the next 16 years.
Nicknamed the “Padellone” by Italian collectors, the reference is adored by collectors for its oversized, 37.5 mm diameter case with clean, angular lines and dial with perfect harmony and symmetry.
Discontinued in 1986, together along with its short-lived counterpart reference 3450 equipped with a leap year indication, it is believed that an estimated 568 examples were produced over the course of its production across all metals, with the majority in yellow gold, a small number in white gold and in pink gold, and only two in platinum that were originally born with gold cases.
The two known examples cased in platinum were both re-cased in 1997 including an example from 1966, which sold for over CHF one million at Phillips’ The Geneva Watch Auction: SEVEN in May 2018.
The present example from 1973 is the only example known with unique sapphire-set indexes. Only a prominent collector with high standing with the Stern family, the owners of Patek Philippe, could obtain the utmost privilege of having a special platinum cased reference 3448.
These platinum examples were both special orders by the original owners and the commission for these unique pieces taking place 11 years after the discontinuation of the reference had to be re-produced.
The present example is perhaps the only complicated Patek Philippe reference from the respective era to feature sapphire-set indexes, making this already rare timepiece in its case, unique. To further exemplify its importance, the present example is one of three known reference 3448 to feature a sapphire display caseback, possibly a result from the specific request from the original owner to admire the finest self-winding caliber at the time, cal. 27-460 Q.
Two historical rarities will be offered in Christie’s Hong Kong Important Watches auction on 27 November: an extremely historically important Patek Philippe split-second chronograph Ref. 1436 in 18K yellow gold from 1946, ordered by and sold to Henry Graves Jr. alongside a 18k gold and enamel, pearl-set musical, perfume flask and automaton amphora-form watch attributed to Piguet & Capt, a magnificent piece presented for the first time at auction.
Patek Philippe Split-Second Chronograph Ref. 1436 in 18K Yellow Gold
Henry Graves Jr., the legendary patron of Patek Philippe, ordered this 18k gold split second chronograph wristwatch with Breguet numerals in 1946 and acquired it in 1947.
Ref.1436 is Patek Philippe’s first split seconds chronograph wristwatch produced in series. The first generation, of which this watch is a part, was made until the late 1940s. Since its introduction to the market in 1938 and discontinued in 1971, only 140 examples are made during the 33 years production period.
As one of the finest examples to ever appear on the market, the present example features applied gold Breguet numerals, often considered the most attractive dial variation. It is also thought to be the least-commonly made dial for this reference, with most examples featuring baton or a combination of baton and Arabic numerals.
To date, just over a dozen of Ref. 1436 models have surfaced featuring such a dial. This extremely rare and historical timepiece is a true rarity as it last appeared at auction about ten years ago.
Attributed to Piguet & Capt., this 18k gold and enamel, pearl-set musical, perfume flask and automaton amphora-form watch is believed to be made for the Chinese imperial family, in circa 1805. It is known that its twin is stored and exhibited in the Patek Philippe museum.
The last amphora-form watch seen at auction was May 2021 at Christie’s Hong Kong ; attributed to Jean-François-Adam Hess, it was sold for HK$ 12,250,000/ US$ 1,584,735.
The upcoming Christie’s Watches Online: The Dubai Edit auction will offer 211 exceptional lots including the Patek Philippe Ref. 5102G ‘Celestial, the Richard Mille RM 011 Felipe Massa Titanium UAE Edition Flyback Chronograph, and the Pink Gold Rolex Ref. 6232 Chronograph.
Lot 5: Patek Philippe Ref. 5102G Celestial, Circa 2008
Launched in 2002, the Ref. 5102G Celestial white gold astronomical wristwatch borrows the principle of the celestial canopy from the most complicated wristwatch ever produced by Patek Philippe – the Ref. 5002 Sky Moon Tourbillon.
The nocturnal sky of the northern hemisphere rotates to show the apparent angular motion of the stars and moon as well as the progression of the phases of the moon. A delicate elliptical contour on the inside of the glass frames the portion of the sky that can be seen from all cities on the same latitude as the city of Geneva. Estimate: US$ 200,000-300,000.
Lot 106: Patek Philippe Ref. 1518
The Patek Philippe Ref. 1518 gold perpetual calendar chronograph was the first perpetual chronograph to be made in series by any watch company. Ref. 1518 was not only a design first with its simple and pure layout but would set the mould for all future perpetual calendar chronographs.
Only 281 examples of this reference were ever made and this particular example comes in 18K yellow gold and was produced in 1945. Interestingly, it features the old Patek Philippe & Cie. full signature, which is highly sought after by collectors, and exists only on timepieces produced before 1947. Estimate: US$ 350,000-450,000.
Lot 110: Patek Philippe Reference 3979, circa 1991
The reference 3979 was introduced as part of a celebratory timepiece series marking the 150th anniversary of the manufacture. The ref. 3979 was produced between 1989 and 2002 and it is believed that about 100 pieces were made with the majority in yellow gold.
The initial batch of watches featured a case made by the legendary casemaker Jean-Pierre Hagmann and his initials JPH are stamped on the inside case back. Estimate: US$ 220,000-300,000.
Lot 111: Patek Philippe Ref. 5013P, circa 2010
The Patek Philippe Ref. 5013P is a platinum minute repeater perpetual calendar watch with a retrograde indication. It is among the most complex wristwatches ever made by the Geneva ‘Maison’ and the first automatic minute repeater perpetual calendar with retrograde date function.
The watch’s design was a nod to the historically important tonneau-shaped yellow gold minute repeating wristwatch no. 97589 made for Henry Graves, Jr. The reference 5013 was launched in 1992 and remained in production until 2011. The platinum examples were initially produced only with silver dials and over the years only a few examples with a black dial have appeared on the market. Estimate: US$ 300,000-400,000.
Lot 11: Rolex Daytona Ref. 6240 ‘Solo’, circa 1966
The Rolex Daytona Ref. 6240 ‘Solo’ is one of the rarest vintage Daytona references. ‘Solo’ refers to the fact that the dial only carries the mark ‘Rolex’ and not the usual description ‘Oyster Chronograph’ seen on the other Ref. 6240 models.
The watch world speculates that only a small number of early Ref. 6240 models (between the serial number ranging from 1.2 million to 1.4 million) were fitted with this dial. The reference 6240 was the first waterproof Daytona and featured an acrylic bezel and screw-down chronograph pushers. Estimate: US$ 120,000-180,000.
Lot 82: Rolex Ref. 4062
The Rolex Ref. 4062, a yellow gold, anti-magnetic, manual-winding chronograph, is an elegant and sophisticated timepiece distinguished by its coin-edge case band.
The Ref. 4062 was a huge success for Rolex when it was produced and is a good example of the dressy chronographs made by the brand in the early 1940s. Estimate: US$ 20,000-30,000.
Lot 83: Rolex Chronograph Ref. 6232, circa 1958
The Rolex Chronograph Ref. 6232 in pink gold is so rare that only a handful of examples have appeared on the market over the last 50 years. Produced in 1958, it is one of Rolex’s rarest chronograph models.
Made for the French market, it is believed to exist only in an exceedingly small number of 12 examples. This watch has silvered sunburst dial with blue telemetry scale and has over time developed a charming champagne-tone patina. Estimate: US$ 100,000-150,000.
Lot 6: Richard Mille RM 011 Felipe Massa UAE Edition
The extremely rare Richard Mille RM 011 Felipe Massa UAE Edition flyback chronograph in titanium is based on the original RM 011 featuring a distinctive All Gray PVD treatment and case of microblasted titanium. The exclusive edition, limited to just 7 pieces, was created in partnership with Ahmed Seddiqi & Sons, one of the largest watch retailers in the UAE.
The case is typical of Richard Mille’s tonneau with a curved bezel, sides and case back. The watch is being offered for the very first time at auction, with an estimate of US$ 200,000-300,000.
Lot 26: Richard Mille RM 055 Bubba Watson, circa 2014
The Richard Mille RM 055 Bubba Watson watch features a titanium case and ceramic skeleton dial. In 2011, Richard Mille undertook the challenge of creating a watch for golfers, working with PGA Tour player and two-time Masters winner Bubba Watson.
Based on the RM 038 Richard Mille took its original design a step further in 2012 and created the present model, RM 055. The case consists of different materials. The bezel is made of ATZ, known for colour stability and for being one of the hardest materials in the world. Grade 5 titanium is used for the case band and back as the key focus of the Richard Mille manufacture was to optimise weight: the movement weighs a mere 4.3 grams. Estimate: US$ 300,000-500,000.
Lot 22: Cartier Tank Monopusher Chronograph, circa 2008
This limited-edition Cartier Tank Monopusher Chronograph in gold is part of Cartier’s CPCP collection of watches that are based on historic Cartier designs but equipped with modern mechanical movements. The watches in this collection were available between 1998 and 2008 in very limited numbers.
This particular model is powered by Calibre 045 MC, produced by THA Ebauche, a collaborative founded by three modern watchmakers: FP.Journe, Denis Flageollet (co-founder of De Bethune) and Vianney Halter. Estimate: US$ 15,000-30,000.
Lot 71: Panerai Luminor GMT Prototype
The prototype (No. 000/200) of the steel Panerai Luminor GMT limited edition was created to mark the 50th anniversary of the United Arab Emirates.
Proceeds from the sale of this watch will benefit the Noor Foundation, a UAE-based non-profit organization that aims to eliminate all types of avoidable blindness and visual impairment worldwide. Estimate: US$ 10,000-20,000.
Watches Online: The Dubai Edit will be on view between 13 – 27 October at Christie’s, Dubai International Financial Centre (DIFC), Gate Village 5, Podium Level.
Christie’s has announced that the ‘Rare Watches Auction Geneva’ will be held on 8 November 2021 at the Hotel Four Seasons Les Bergues.
This landmark auction will offer several extraordinary and rare timepieces, including the legendary Rolex Experimental Deep Sea Special N°1.
This Holy Grail watch is the first and only Rolex Deep Sea Special that made the first dive attached to Auguste Piccard’s bathyscaphe Trieste in 1953. The case, the original movement and the bracelet of this historic timepiece are in perfect working condition.
Developed as a prototype for perfecting the Rolex diving watch concept, this Rolex Deep Sea Special N°1 was attached to the hull of Auguste Piccard’s bathyscaphe Trieste for the inaugural deep-sea trial to a depth of 3,150 meters in the Mediterranean on 30 September 1953.
This watch then served as the proving ground for the Rolex Deep Sea Special N°3 that would reach 10,908 meters in the Mariana Trench with the Trieste on 23 January 1960 and is today on display at the Smithsonian Institution in Washington DC.
It is believed that seven prototypes were built between 1953 and 1960. Among them, only three have so far been identified:
The Deep Sea Special N°1: This prototype has a ‘low glass’ made from Plexiglas. It accompanied Trieste on its first deep-sea trial down to 3,150 meters (10,245 feet) off the island of Ponza in 1953.
The Deep Sea Special N°3: This prototype features a ‘high glass’ (a taller and thicker crystal, also of Plexiglas, one of the invaluable learnings from N°1). It made the trip down to the bottom of the Mariana Trench (10,916 meters, 35,814 feet) in 1960 and is today out of reach but on display, together with the Trieste, at the Smithsonian Institute in Washington DC.
The Deep Sea Special N°5: Also a ‘high glass’ version, which presumably served as a proving ground for further extreme testing in the period leading up to 1960, and was offered at auction by Christie’s in 2000.
In the early to mid-1960s, to celebrate the dive down to the world’s deepest place and after the unexpected worldwide success and enthusiasm that this event generated, Rolex produced about three dozen display models to share their exploit and know-how with the public. In 2009, Number 31 of this commercial/promotional series was sold by Christie’s.
In the early 1950s, Swiss physicist-inventor-explorer Auguste Piccard began developing a deep-sea vehicle for exploring ocean depths. Using the physical principles of his stratospheric balloon, particularly with regard to pressurization, Auguste and his son Jacques developed a submarine to reach the deepest trough at the bottom of the ocean. Their strange-looking deep-sea submarine known as bathyscaphe Trieste was launched on the 16th of August in 1953.
Phillips in Association with Bacs & Russo has announced that four major Philippe Dufour timepieces will be offered in The Geneva Watch Auction: XIV.
These masterpieces are coming from a private collector. The group includes the Grande & Petite Sonnerie pocket watch Number 1 in yellow gold, the Grande & Petite Sonnerie wristwatch number 1 in yellow gold, the Duality in pink gold and the Simplicity (37mm) in platinum. It is also first time in auction history that these four Dufour watches will be offered by one auction house during a single season.
An independent Swiss watchmaker since the late 1970s, Philippe Dufour restored antique and vintage timepieces, which led him ten years later to develop a very small series of pocket and wrist grande sonnerie watches.
Inspired by the pocket watches in the 1930s, the Duality is the world’s first wristwatch incorporating a double escapement. The Simplicity features a special movement architecture designed to demonstrate hand finish and decoration that modern horology had not yet witnessed. In the span of over 30 years since he created his eponymous brand, Dufour created only these four models under his name.
Philippe Dufour Grande & Petite Sonnerie Pocket Watch Number 1, Unique Piece
A Grande Sonnerie is a timepiece that automatically chimes the hours on every hour and hours and quarters on every quarter, and when on petite sonnerie mode the watch will only chime the passing of the quarters. Phillipe Dufour began his work on the grande sonnerie with a series of five pocket watches made for a large brand in the early 1980s.
The fact that the brand never acknowledged his work led him to create his own Grand & Petite Sonnerie pocket watch in the late 1980s. The present example is number 1 and the only Dufour Grande & Petite pocket watch made that bears his name on the dial.
Philippe Dufour Grande & Petite Sonnerie Wristwatch Number 1 in Yellow Gold
From 1989 to 1992, Dufour set out on the difficult task of miniaturizing his sonnerie movement to wristwatch size and the result was the present Grande & Petite Sonnerie wristwatch number 1, a world premiere that makes the present example offered at auction the world’s very first Grande & Petite Sonnerie wristwatch.
This version was produced in only five examples with white enamel dials, respectively 2 cased in white gold, one in yellow and one in pink gold, as well as one in platinum.
Estimate: CHF 1million-2 million / US$1,090,000 -2,180,000 / HK$ 8,461,000-16,922,664
Philippe Dufour Duality Pink Gold, Number 8
Dufour’s inspiration for the Duality came from a few school watches from the Vallée de Joux Watchmaking School of the 1930s – the same school that Dufour graduated from. These pocket watches had a single gear train delivering power to two balance wheels through a differential. Once again, like with his sonnerie wristwatch, Dufour set out on the task of shrinking this mechanism to wristwatch size.
In 1996, Dufour introduced his iconic Duality, the world’s first wristwatch incorporating a double escapement. Featuring two independent balance wheels compensated with a central differential gear, the mechanism improves accuracy while also countering the effects of gravity.
He initially planned to produce 25 examples, however, only nine were made including an example with movement number ‘00’ (sold at Phillips New York in 2017 for close to $1 million), making the present example bearing number 8 the last one made. It is one of three pink gold examples ever produced.
Philippe Dufour Simplicity 37mm Platinum, Number: 57
After having proven his undeniable talent and expertise in creating ultra-complicated mechanisms, Dufour set out in 2000 on the challenging task to create a simple three hand watch with a movement architecture designed to demonstrate hand finish and decoration that modern horology had not yet witnessed.
The gentle flow of the bridges’ curves, the bold and alluring inward and outward angles, the hand-applied Geneva waves and red rubies all provide a seductive visual harmony.
The decoration and assembly are done by hand and only less than a dozen Simplicities left Dufour’s workshops in the Vallée de Joux per year. The present watch bearing movement number 57 is one of the earlier models that the master produced.
Christie’s Hong Kong has kick-started an online auction named The Marvel(ous) Sale since 24 August. This online bidding will be active until 7 September. The star lot of the sale is the Audemars Piguet Royal Oak Concept “Black Panther” Flying Tourbillon, the first example to be offered for sale at auction globally.
It is worth to note that a one-off version of the same model, created to raise funds for two charities, First Book and Ashoka, sold for US$ 5.2 million, making it the most expensive Audemars Piguet model ever sold.
(1) LOT 46 – The Audemars Piguet Royal Oak Concept “Black Panther” Flying Tourbillon
The Audemars Piguet Royal Oak Concept “Black Panther” Flying Tourbillon was unveiled at a star-studded event in April 2021. Its release followed the announcement that the esteemed Manufacture from Le Brassus and Marvel would be collaborating moving forward.
Audemars Piguet unveiled the first Royal Oak Concept watch in 2002, marking the 30th anniversary of the groundbreaking Royal Oak. Conceived by the illustrious designer Gérald Genta and in its day considered avant-garde, when the Manufacture unveiled the inaugural Royal Oak Concept Ref 25980/D003, it looked positively space age by comparison.
This latter model, limited to 150 pieces, was endowed with an unusual power-reserve indicator displaying units around the circumference of the barrel. Other indications included a function selector and dynamograph. Lastly, the model featured a tourbillon, positioned at 9 o’clock. This watch embraced bold, avant-garde styling, characteristics that would be repeated on several occasions with the advent of further Royal Oak Concept models.
When Audemars Piguet released the Royal Oak Concept “Black Panther” Flying Tourbillon it perpetuated the revolutionary design of former Royal Oak Concept models. Its hand-painted white gold 3D Black Panther character, unconventional and elaborate titanium bridges as well as extensive use of vivid purple tones polarised opinion both in the media and among the watch collecting community. Estimate: HKD 3,000,000– 5,000,000 / US$ 380,000– 650,000.
(2) LOT 45 – Audemars Piguet Tropical Dial Royal Oak Ref. 5402ST
Audemars Piguet Tropical Dial Royal Oak Ref. 5402ST ‘A Series’ is much sought after by watch collectors and is becoming increasingly difficult to obtain. This particular example is particularly rare as it features a highly desirable ‘tropical’ dial.
Consistent with other steel ‘A Series’ models, the AP logo is positioned in the lower portion of the dial, located between the 9th and 11th line. The correct ‘SWISS’ text is stamped and sits below the index at 6 o’clock.
With the passage of time, the black dial has acquired unique areas of bronze-gold hues. When released, Audemars Piguet produced 2000 examples of the ‘A Series’ before it progressed to making the ‘B Series’. This particular example is 843/2000. Estimate: HKD 400,000–800,000 / US$ 50,000– 100,000.
The other interesting Audemars Piguet Royal Oak watches featured in this auction are two white gold, diamond-set ladies’ quartz watches (circa 1990 and 1997), a stainless steel 38mm triple calendar with yellow dial (circa 1990), an 18k yellow gold 30mm quartz watch with date (circa 1985) and a 36.5mm stainless steel automatic model with blue dial featuring dual time, power reserve and date (circa 2004).
(3) LOT 96 – Gérald Genta Minute Repeater with Jumping Hour and Retrograde Minutes
This rare Gérald Genta watch has an eye-catching green guilloché dial and platinum case with a distinctive ribbed profile. The model pairs one of the most technically challenging complications, a minute repeater, with two indications often associated with Mr Genta, jumping hours and retrograde minutes.
The minutes are presented on an arcing track. A lone hand sweeps clockwise from ‘0’ to ‘60’, before returning to its point of origin as the jumping hour, shown at 6 o’clock, advances forward. This particular composition expresses meaning with a notable flurry of style. Estimate: HKD 400,000–800,000 / US$ 50,000– 100,000.
Christie’s Hong Kong is also offering two more Gérald Genta masterpieces dating back to 1990.
The first one is an automatic perpetual calendar with moonphase wristwatch featuring a 33mm diameter round case made of 18K yellow gold and Onyx. It has a skeleton dial with centre hour and minute hands, three sub-dials in 18K gold for displaying perpetual calendar functions and a lapis lazuli sub-dial for moonphase display.
The second model is also a Gérald Genta automatic perpetual calendar moonphase watch with the similar dial style mentioned above, but with a 31mm diameter octagonal-shaped 18K yellow gold case.
(4) LOT 2 – Patek Philippe Steel Nautilus with Date Ref. 5711/1A-001
First released in 1976, this iconic luxury-sports watch has attracted numerous column inches and discussions relating to rocketing resale values pervade the collecting community. Moreover, with several references now discontinued, the pre-owned route is the only means of acquiring a coveted reference from yesteryear.
Housed in a 40mm stainless steel case with a black/blue dial the watch is equipped with an automatic movement and integrated stainless steel bracelet. Estimate: HKD 650,000 – 950,000 / US$ 85,000– 125,000.
(5) LOT 20 – Patek Philipe Chronograph Ref. 1579R with original certificate
This exquisite timepiece is housed in a pink gold case. With only 82 known examples of the Ref. 1579R produced in pink gold, this particular watch is very rare, and both gold marks remain visible. The watch is endowed with so-called ‘spider lugs’ and the dial exhibits a charming mellow aged appearance.
The two registers are encircled by applied pink gold Arabic numerals and square indexes. Unusually, the watch is supplied with the original ‘Certificate of Origin’. Estimate: HKD 1,300,000–2,000,000 / US$ 165,000– 250,000.
(6) LOT 1: Patek Philipe Platinum Minute Repeater Tourbillon Ref. 3939
This lot is possibly a unique Platinum Minute Repeater Tourbillon (ref. 3939) watch from Patek Philipe. Surprisingly, despite such complexity, the platinum case measures a modest 34mm in diameter. The enamel dial is dressed in black while the hours are denoted with white gold Breguet numerals. This latter combination differentiates this specific example from the ‘standard’ versions of the Ref. 3939 which came with a white enamel dial.
Indeed, this model, crafted in 1999, is believed to be one of only a few specimens equipped with a black dial. The ‘Certificate of Origin’ makes reference to the ‘émail noir’. Estimate: HKD 1,000,000–2,000,000 / US$ 130,000– 230,000.
(7) LOT 21 – Patek Philipe Platinum with Date Ref. 3445
Typically this reference was presented in a white or yellow gold case. However, this particular example is housed in platinum, making it one of the rarest and most coveted versions of the Ref. 3445. Its slender hour and minute hands perfectly harmonize with baton style indexes. The watch has a date display at 3 o’clock, and a small seconds above 6 o’clock.
The watch is equipped with the Caliber 27-460, an automatic movement produced by Patek Philippe and finished to the exacting standards of the Geneva Seal. Estimate: HKD 400,000–650,000 / US$ 50,000– 85,000.
In addition to the above lots, the other notable Patek Philipe wristwatches featured in this auction are:
A Steel Calatrava Pilot Travel Time (reference 7234) made to celebrate the Singapore Grand Exhibition 2019.
A stainless steel Annual Calendar Chronograph (ref. 5960) circa 2016.
An 18K Yellow Gold Calatrava (ref. 2508) dating back to 1959.
An Aquanaut 34mm Automatic stainless steel model with black dial (reference 5060 A, circa 1998).
An 18K Yellow Gold Annual Calendar with power reserve and moonphase (reference 5146/1J-001, circa 2008).
An 18K white gold and diamond-set, hand-wound time-only watch, circa 1990 (reference 3965/1).
A Manual-winding Calatrava Platinum time-only watch with an ivory-colored dial and diamond hour-markers, circa 1992 (reference 3796).
An 18K Yellow Gold Automatic Annual Calendar with 24H display (reference 5035) and white ceramic dial, circa 2004.
(8) LOT 177 – Rolex Ref. 8171 ‘Padellone’
This impressive pink gold example of the legendary Ref. 8171 ‘Padellone’ is one of only six examples to feature the ‘HL Mark II Officially Certified Chronometer’ type dial.
Indeed, only about 350 pieces were produced in pink gold over a 3 year period, and it is estimated that a mere 32 examples have appeared on the open market in the last 70 years. The case measures 38mm in diameter, which was considered large when it was produced.
The watch is equipped with dauphine-style hour and minute hands, lapped bullet-style indexes, a small seconds display above 6 o’clock and pointer-style date indication. Two calendar windows sit beneath the ‘tall’ Rolex crown. Estimate: HKD 1,200,000 – 2,000,000 / US$ 150,000– 250,000.
In addition to this watch, more than 30 Rolex watches are being offered in this auction. Some noteworthy lots among them are:
An 18K yellow gold Submariner with automatic movement and tropical brown dial (reference 1680), circa 1979.
A white gold Daytona automatic chronograph with diamond and ruby set dial (reference 116509), circa 2009.
A stainless steel Submariner Date with 39mm diameter case, automatic movement, and tropical MK-II dial, circa 1969.
A two-tone (stainless and steel) Oyster chronograph with 34.5mm case, manual-wound movement and silvered dial, circa 1938.
A GMT Master with 39mm stainless steel case, automatic movement and gilt dial (reference 1675), circa 1965 (the same reference but made in 1966 is also available).
An Explorer watch with 36mm stainless steel case, automatic movement and tropical dial with chapter ring, circa 1960.
An 18K pink gold Day-date with 36mm diameter case, automatic movement, silvered dial with diamond markers (reference 1803), circa 1974.
An Explorer II with 40mm diameter stainless steel case, automatic movement and cream rail dial (reference 16550), circa 1986.
An 18K yellow gold Day-date with 36mm diameter case, automatic movement and diamond-paved dial (reference 18038), circa 1981.
An 18K Yellow Gold Submariner with 40mm diameter case, automatic movement and black dial (reference 16618), circa 1991.
A Stainless Steel Daytona Automatic Chronograph with 39mm diameter case and white dial (reference 116500), circa 2018.
An 18K Pink Gold Daytona Chronograph with 40mm case, automatic movement and golden dial (reference 116505), circa 2009.
An 18K Yellow Gold Day Date with 36mm case, Lapis Lazuli dial, automatic movement and 18K president bracelet, circa 1997.
A Stainless steel Submariner with 39mm diameter case, automatic movement, tropical gilt dial and pointed crown guard (reference 5512), circa 1960.
(9) LOT 152 – Roger Dubuis White Gold Double Tourbillon
This version of the Excalibur Double Tourbillon has been produced and finished to the exalted standards of the Geneva Seal. The open-worked hour and minute hands are positioned above a mother-of-pearl dial.
An arc-shaped minute track, positioned between 9 and 3 o’clock, provides the basis for the unusual retrograde minutes display. Two flying tourbillons reside at the base of the dial and are framed with silver-coloured circlets. Unlike a ‘conventional’ tourbillon, a flying tourbillon eschews an upper bridge/bar, affording superior views of the escapement, regulating organ and cage in motion.
The two flying tourbillons are linked by a differential, augmenting precision. Housed in a white gold case, this model was produced in a limited series of 28 pieces (this example is No. 9/28). Roger Dubuis, a fully integrated Manufacture. The estimate for this example is HKD 240,000-400,000 / US$ 30,000–50,000.
Lot 138: Panerai limited edition titanium watch with tourbillon, dual time and AM/PM indication, circa 2017.
Lot 51: Blancpain Platinum hand-wound watch with skeletonised dial and a set of 9 bezels, circa 1994.
Lot 54: Breguet Yellow Gold Automatic Tourbillon Regulator watch, Ref. 5307, circa 2005.
Lot 85: CORUM 18K White Gold Quarter Repeater with automaton, automatic movement by CHRISTOPHE CLARET, circa 1995.
Lot 107: HYT Iceberg limited edition with titanium case and white dial with retrograde blue fluid hours and power reserve, circa 2014.
Lot 53: Breguet 18K White Gold manual-wound watch With Dual Time and Day/Night Indication, Ref. 7067, circa 2014.
Lot 55: Breguet Reine De Naples automatic watch with 18k white gold and diamond-set case and mother-of-pearl-dial, circa 2000.
Lot 141: Piaget hand-wound watch with Yellow gold, Onyx and diamond case and bracelet, gold dial, circa 1991.
Lot 121: Longines 18K Yellow Gold, manual-winding chronograph with 37mm case and silver dial, circa 1937.
Lot 128: Moritz Grossmann Stainless Steel with Hand Painted Dial displaying a tiger, circa 2019.
(10) HAUTE JOAILLERIE PIECES
During this auction, Christie’s is offering a number of Haute Joaillerie pieces. The first timepiece (lot 82) is a white gold Chopard bracelet watch set with diamonds and emeralds (Est. HKD 320,000 – 650,000 / US$ 40,000 – 85,000).
The second watch (lot 140) is a dazzling creation from Piaget set with 94 brilliant and marquise-cut white diamonds with a total weight of 16 carats along with 43 rubies totalling 16.68 carats. This Piaget masterpiece, part of the Maison’s haute joaillerie collection, is in exceptional condition and is supplied with the original Piaget Certificate of Origin. Estimate: HKD 650,000–1,200,000 / US$ 85,000–150,000.
Three Vacheron Constantin high-jewellery watches are also available. Dressed in a white gold case, these timepieces can be distinguished by their gem-setting combination: ‘diamond with emerald’, ‘diamond with ruby’ and ‘diamond with sapphire’.
Another high-jewellery lot featured in this auction is a set of Patek Philippe Lady’s yellow gold and lapis lazuli and diamond-set bracelet watch with matching ring and earrings.
Achieving numerous new records during an exceptional Spring 2021 Watch Season, in just 4 months (March- June 2021), Christie’s watch sales in Geneva, Dubai, Hong Kong and New York totalled US$ 93.7 million, giving Christie’s the leadership position in the watches auction market.
This record performance during the first half of 2021 exceeds Christie’s watch figures for the whole of 2020 and 2019, further strengthening the premier auction house’s position as a global leader in horological sales on live and digital platforms.
The enduring fascination with iconic, rare and beautiful timepieces, together with the vast diversity of offerings, is attracting new bidders from around the globe. More than a trend, it signifies a shift towards a faster-paced, more segmented market.
Some important facts and figures
In the 1st half of 2021, 1681 lots were offered at 10 Christie’s watch auctions, with a combined 92% of lots sold.
40% of the lots sold above estimate, indicating desirable curation and strong appetite from the market.
Christie’s watch sales recorded participation from 79 countries, (+15 vs 1H20)
More than 35% of auction registrants were new to Christie’s.
The market is also opening up to a younger and more diverse profile: 39% of buyers at the watch sales were new to Christie’s, of which 40% are under 40, and 41% are based in APAC, 28% in Americas and 31% in EMEA.
A fresh balance between ‘live’ and ‘online’ showed that more than one in two bidders in traditional sales (53%) also bid online.
Hong Kong is the second-largest country by number of new buyers, after the US (followed by the UK, Switzerland and Singapore).
Spectacular rise of the Middle East, where the number of registrants has tripled. Christie’s, attentive to the local clientele of great collectors, is the only house with an active Watches department based in Dubai. The region has unquestionably become also an essential hub in the watch market.
The live and online auctions held between March and June this year across four markets – Geneva, Dubai, Hong Kong and New York – combined the advantages of global expertise with the regional knowledge Christie’s watch specialists are known for.
Highlights across Christie’s markets
Christie’s auctions in Geneva, Dubai, Hong Kong and New York presented true standout timekeepers this Spring season, notably several historically important pieces:
In Hong Kong, a unique 18k gold Patek Philippe automatic perpetual calendar wristwatch with English calendar, leap year indication and “no moon” Ref. 3448 “Alan Banbery” (manufactured in 1970, modified in 1975) which reached US$ 3,759,755 and set a new auction record for the reference.
A Patek Philippe Ref. 2523/1 two crown world time wristwatch achieved US$ 2,051,364 (almost double its low estimate of US$ 1,035,389).
A Patek Philippe wristwatch Ref. 1415 with enamel dial achieved auction record for the reference with US$ 2,284,326 (more than double its low estimate).
A Patek Philippe Ref. 2481, also with enamel dial, achieved US$ 1,010,798 setting a new auction record as well as for the reference (4 times above the low estimate $258,847).
An important F.P. Journe platinum Chronomètre Souverain, made for and presented to George Daniels, that went for US$ 420,657 (against a low estimate of US$ 184,564; an auction record for the model).
In Dubai, a Patek Philippe Sky Moon Tourbillon Ref. 5002P-001 (manufactured in 2004) sold for an online record US$ 1,590,000, setting two new records simultaneously, for the most expensive watch sold at auction in the Middle East and for any watch sold online at Christie’s.
Also, La Grande Sonnerie No.1, in platinum Ref. G0025.7 by Gérald Genta, estimated at US$ 30,000-40,000, sold for US$ 500,000, whilst a yellow gold Grande Sonnerie No. 3 by Genta achieved 10 times its low estimate, selling for US$ 300,000.
A rare 1952 steel Rolex, triple calendar chronograph Snow Compax, Ref. 6036, tripled its pre- sale estimate and found a new owner at US$ 350,000.
In Geneva, a Patek Philippe Perpetual Calendar Ref. 1518 in rose gold (manufactured in 1951) retailed by Serpico Y Laino, achieved US$1,502,971 against the low estimate of US$488,740.
Also a Patek Philippe World Time pocket watch Ref. 605 with a cloisonné enamel dial which sold more than double the low estimate, achieving US$1,271,861.
A rare and early platinum F.P.Journe Tourbillon Souverain wristwatch achieved US$ 434,000 against a low estimate of US$ 184,000.
In New York, a Cartier Art Deco Pendule Mystérieuse clock Modèle A (manufactured in circa 1925) which sold for US$ 562,500, a Patek Philippe perpetual calendar chronograph Ref. 2499/100 sold US$ 475,000, more recently the Patek Philippe Calatrava Ref. 570 owned by pop art icon Andy Warhol, which sold three times its low estimate achieving, US$ 150,000, a perpetual calendar chronograph Patek Philippe Ref. 3990EP in platinum set with diamonds that realized US$ 200,000, and a Rolex Ref. 6036 “Jean-Claude Killy” triple calendar chronograph that sold for US$ 187,500.
Phillips in Association with Bacs & Russo achieved its highest ever total for a watch auction in Asia with the Hong Kong Watch Auction: XII (5 & 6 June 2021), its first non-thematic ‘white glove sale’, realising HK$191,239,320 / US$24,650,748. More than doubling the pre-sale low estimate of HK$91 million, this stands as the most successful watch auction weekend in Asia, with sell-through rates of 100% by lot and 100% by value.
With this unprecedented result, Phillips ends the first half of the year realising over US$ 68 million, selling every single watch offered across its three sales: the INTERSECT online sale, the Geneva spring sale, and the Hong Kong spring sale. Phillips’ watch collecting community continues to grow, with a record number of 1,705 online participants from 55 countries, marking nearly a 30% increase on the previous season and the most participants in any auction staged by Phillips in Asia.
The Hong Kong Watch Auction: XII – Top Ten Lots
Lot 822: Patek Philippe Ref. 2499 yellow gold perpetual calendar chronograph wristwatch with Italian calendar. Circa 1953. Estimate: HK$12,000,000 – 23,000,000/ Price Achieved: HK$15,375,000 (US$1,981,838).
Lot 852: Patek Philippe Ref. 3974R pink gold minute repeating English perpetual calendar wristwatch. Circa 1992. Estimate: HK$3,875,000 – 7,750,000/ Price Achieved: HK$9,325,000 (US$1,201,993) – World record for the reference in pink gold.
Lot 988: Patek Philippe Ref. 5208R-001 pink gold minute repeating perpetual calendar single-button chronograph wristwatch. Circa 2019. Estimate: HK$5,500,000 – 7,500,000/ Price Achieved: HK$6,542,000 (US$843,264) – World record for the reference in pink gold.
Lot 1029: Patek Philippe Ref. 2499 third series yellow gold perpetual calendar chronograph wristwatch with moon phases. Circa 1977. Estimate: HK$3,100,000 – 4,600,000/ Price Achieved: HK$5,544,000 (US$714,622).
Lot 834: A. Lange & Söhne Ref. 421.048FE, LSLS4213AN, a limited edition white gold split-seconds perpetual calendar chronograph wristwatch. Circa 2018. Estimate: HK$1,170,000 – 2,340,000/ Price Achieved: HK$4,662,000 (US$600,932) – World record for the reference.
Lot 808: Harry Winston Ref. 200/MTFPJ38P, a unique platinum tourbillon wristwatch with Remontoire d’Égalité, power reserve indication. Circa 2002. Estimate: HK$800,000 – 1,600,000/ Price Achieved: HK$3,654,000 (US$471,001).
Lot 837: Audemars Piguet Ref. 25554BA yellow gold perpetual calendar wristwatch with black dial. Circa 1986. Estimate: HK$780,000 – 1,560,000/ Price Achieved: HK$3,276,000 (US$422,276) – World record for a perpetual calendar Royal Oak.
Lot 848: F.P. Journe platinum tourbillon wristwatch with constant force remontoire, power reserve and dead beat seconds. Circa 2007. Estimate: HK$1,000,000 – 2,000,000/ Price Achieved HK$3,276,000 (US$422,276).
Lot 818: Audemars Piguet Ref. 25865BC.OO.1105BC.05 white gold minute repeating perpetual calendar split-seconds chronograph wristwatch. Circa 2008. Estimate: HK$1,950,000 – 3,500,000/ Price Achieved: HK$3,024,000 (US$389,794).
Lot 1047: F.P. Journe Tourbillon Souverain complex pink gold tourbillon wristwatch with constant force remontoire, power reserve and dead beat seconds. Circa 2013. Estimate: HK$1,400,000 – 1,720,000/ Price Achieved: HK$3,024,000 US$389,794.
Successfully conducted on 22 May 2021, Christie’s Hong Kong Watches Spring Auction achieved several milestones in the watch auction arena.
Watches Department marked a milestone moment when it achieved the highest ever total for a various-owner sale for the category at Christie, realising HK$ 269,277,500 / US$ 34,850,855 / EUR 28,440,551, with a combined sell-through rate of 85%, and 139% hammer above low estimate.
The historic occasion was led by the inaugural evening sale “The Legends of Time”, which was 100% sold, totalling HK$ 144,435,000 / US$ 18,693,293 / EUR 15,254,936 and 152% hammer above low estimate.
The day sale “An Exceptional Season of Watches” realised HK$124,842,500 / US$16,157,562 / EUR 13,185,615 with sell-through rates of 83% by lot and 88% by value, and 126% hammer above low estimate. The sales attracted intense bidding from watch enthusiasts across 14 countries and 4 continents, driving exceptional prices for Patek Philippe, Rolex and F.P. Journe.
Leading the sales was Patek Philippe – a unique, exceptional and historically highly important 18k gold automatic perpetual calendar wristwatch with English calendar, leap year indication and “no moon”, ref. 3448 “Alan Banbery”, specially modified by request of Henri and Philippe Stern in 1975, as a unique piece for presentation to Alan Banbery, manufactured in 1970, HK$29,050,000 / US$3,759,755 / EUR 3,068,203, setting a new auction record for the reference.
All 18 lots offered in the evening sale “The Legends of Time” found buyers. On top of the record-breaking star lot – Alan Banbery’s yellow gold Patek Philippe ref. 3448J – some exciting highlights in the evening include:
PATEK PHILIPPE, A magnificent and important 18K pink gold World Time wristwatch with cloisonné enamel dial depicting the eastern hemisphere. Ref. 1415, manufactured in 1949. Price Realised: HK$17,650,000 / US$2,284,326 (auction world record for the reference, more than double its low estimate of HK$8,000,000 / US$1,035,389).
PATEK PHILIPPE, An extremely fine, unique and important 18K gold two crown World Time wristwatch with 24 hours indication, guilloché silvered dial, luminous hands and gold bracelet. Ref. 2523/1, manufactured in 1965. Price Realised: HK$15,850,000 / US$2,051,364 (almost double its low estimate of HK$8,000,000 / US$1,035,389).
PATEK PHILIPPE, An exceptional and highly important, historic and unique 18k pink gold openface minute repeating two train grande and petite sonnerie keyless lever clock watch with instantaneous perpetual calendar, indications for julian and gregorian calendars, moon phases and chronograph with central 60-minute recorder, made for Jean de Gradowski, manufactured in 1890. Price Realised: HK$14,050,000/ US$1,818,401 (3.5 times over low estimate of HK$4,000,000 / US$517,694).
PATEK PHILIPPE, An exceptional 18k gold wristwatch with sweep centre seconds and cloisonné enamel dial, “The Lighthouse”, Ref. 2481, manufactured in 1954. Price Realised: HK$7,810,000 / US$1,010,798 (auction world record for the reference, almost 4 times over the low estimate of HK$2,000,000/ US$258,847).
PATEK PHILIPPE, A unique and highly important 18k pink gold ‘spider lugs’ chronograph wristwatch with tachymeter and engraved bezel, Ref. 1579, retailed by Gobbi Milano, manufactured in 1955. Price Realised: HK$5,500,000 / US$711,830 (auction world record for the reference).
PATEK PHILIPPE, A magnificent and very rare 18k gold automatic perpetual calendar wristwatch with moon phases and leap year indication, Ref. 3450, retailed by Gübelin, manufactured in 1985. Price Realised: HK$4,375,000 / US$556,228 (auction world record for the reference).
PATEK PHILIPPE, An extremely rare and impressive 18k pink gold automatic wristwatch with black enamel dial. Ref. 2526, manufactured in 1957. Price Realised: HK$5,250,000 / US$679,474 (auction world record for the reference, more than double its high estimate of HK$2,200,000/ US$284,732).
PIGUET & MEYLAN, A magnificent and highly important quarter repeating 18k gold, painted enamel, pearl and turquoise set musical and automaton centre seconds watch, made for the Chinese market, signed Piguet et Meylan, the case by Frères Oltramare, no. 6173/5792, the enamel attributed Jean Abraham Lissignol or Jacques-Marc Henry, circa 1815. Price Realised: HK$4,250,000 / US$550,050 (more than 5 times over its low estimate of HK$800,000/ US$103,539)
The day sale “An Exceptional Season of Watches”offered extremely rare vintage and modern timepieces from legendary and emerging brands, with almost half of the lots sold above high estimates. Close to a third of the timepieces were hammered to online buyers via Christie’s LiveTM.
The top lot of this sale was an important Patek Philippe, the only known 18k gold split seconds chronograph wristwatch retailed by Gübelin, ref. 1436, manufactured in 1965, which was acquired for HK$ 5,500,000 / US$711,830, more than double its low estimate of HK$ 2,400,000 / US$310,617 and set a new auction record for the reference and a record for the reference was set by F.P. Journe – an important platinum wristwatch with power reserve, made and presented to pay tribute to George Daniel, Chronomètre Souverain model, circa 2010, realised HK$3,250,000 / US$420,627.
The selection of Rolex timepieces attracted passionate bidding, led by the extremely rare stainless steel chronograph triple calendar wristwatch, ref. 6036, “Jean Claude Killy” Model with “Red Depth”, circa 1953, which sold for HK$5,250,000 / US$679,474, more than double its high estimate of HK$2,400,000 / US$310,617.
An impressive and rare 18k pink gold, diamond and rainbow-coloured multi gem-set automatic chronograph wristwatch with bracelet, Daytona Rainbow Model, ref. 116595rbow, circa 2019, which realised HK$3,500,000 / US$452,982, topped the curation of modern timepieces.
On this coming Saturday (May 22nd, 2021), Christie’s is conducting the so-called the ‘Auction of the Decade in Asia’ in Honk Kong. This event will be comprised of a Day Sale ‘An Exceptional Season of Watches’ (2pm) and an Evening Sale ‘The Legends of Time’(7pm).
This event will be the first historic watch standalone Evening Sale hosted by Christie’s in Hong Kong. Curated around ‘The Legends of Time’, the sale is a once in a lifetime opportunity to glimpse some of the most extraordinary creations in watchmaking history, taking place at the HK Convention and Exhibition Centre in an elegant atmosphere.
From the 1800s to the modern era: The extraordinary selection of 18 timepieces curated under the theme ‘The Legends of Time’ will engage the watch loving and collecting community with its rarity and outstanding quality. A sale of this importance only happens once every decade, 18 lots of the highest quality with the potential to break the record for any watch sale ever held in Asia. Est. HKD 77,500,000 – 200,600,000 (US$ 9.9 million – 25.8 million).
Earlier in the day, scheduled for 2pm, and curated around the theme of ‘An Exceptional Season of Watches’, a Day Live Sale includes 147 lots with a selection of highly desirable vintage & modern watches, including 56 Patek Philippe & 36 Rolex watches. Est. HKD 80,801,000 – 147,107,000 / US$ 10.4 million – 18.9 million).
The two sales on 22 May are poised to set an all-time record for an Asian auction (the last record set by Christie’s Hong Kong was US$ 26 million in November 2019).
Highlights: ‘The Legends of Time’
Patek Philippe 18K Gold Automatic Perpetual Calendar Wristwatch with English Calendar, Leap Year Indication and “No Moon”, Ref. 3448 “Alan Banbery”, Specially Modified by Request of Henri and Philippe Stern in 1975 as a Unique Piece for Presentation to Alan Banbery, Manufactured In 1970. Estimate: HK$ 24,800,000-40,000,000/ US$ 3,200,000-5,162,000.
Patek Philiippe Platinum World Time Wristwatch, ref. 1415 HU, Manufactured In 1946. Estimate: HK$ 8,000,000-24,000,000/ US$ 1,033,000-3,097,000.
Patek Philippe 18k Pink Gold ‘Spider Lugs’ Chronograph Wristwatch With Tachymeter And Engraved Bezel, Confirmed As The Only Example Ever Made, Ref. 1579, Retailed By Gobbi Milano, Manufatured In 1955. Estimate: HK$ 3,200,000-6,500,000/ US$ 413,000-839,000.
Attributed to Piguet & Capt. A Highly Important and Magnificent 18k Gold and Enamel, Pearl-Set Musical, Perfume and Automaton Amphora-Form Watch Made for the Chinese Market, Swiss, the Enamel Attributed to Jean-Louis Richter, Geneva, Circa 1805. Estimate: HK$ 8,000,000-40,000,000/ US$ 1,033,000-5,000,000.
Patek Philippe 18k Pink Gold Openface Minute Repeating Two Train Grande And Petite Sonnerie Keyless Lever Clockwatch With Instantaneous Perpetual Calendar, Indications For Julian And Gregorian Calendars, Moon Phases And Chronograph With Central 60-Minute Recorder, Made For Jean De Gradowski, Manufactured In 1890 . Estimate: HK$ 4,000-000-12,000,000/ US$ 517,000-1,549,000.
Patek Philippe 18k Pink Gold Automatic Wristwatch with Black Enamel Dial, ref. 2526, Manufactured In 1957. Estimate: HK$ 1,200,000-2,200,000/ US$ 155,000-284,000.
Patek Philippe 18k Gold Wristwatch with Sweep Centre Seconds and Cloisonné Enamel Dial “The Lighthouse” Ref. 2481, Manufactured In 1954.Estimate: HK$ 2,000,000-6,000,000/ US$ 259,000-775,000.
Patek Philippe 18k Gold Two Crown World Time Wristwatch with 24 Hour Indication and Bracelet, ref. 2523/1, Manufactured In 1965. Estimate: HK$ 8,000,000-24,000,000/ US$ 1,033,000-3,097,000.
Patek Philippe 18K Pink Gold World Time Wristwatch with Cloisonné Enamel Dial Depicting the Eastern Hemisphere, Ref. 1415, Manufactured In 1949. Estimate: HK$ 8,000,000-24,000,000/ US $ 1,033,000-3,097,000.
Attributed to Piguet Et Meylan. An Extremely Fine and Very Rare 18k Gold and Enamel Musical Box with Automaton and Center-Seconds Watch, Made for the Chinese Market Swiss, Geneva, No. 1447, The Box Attributed To Rémond, Lamy, Mercier & Co, Circa 1815.Estimate: HK$400,000-1,200,000: US$ 52,000-155,000.
Piguet & Meylan Quarter Repeating 18k Gold, Painted Enamel, Pearl and Turquoise Set Musical and Automaton Centre Seconds Watch, Made for the Chinese Market, Signed Piguet Et Meylan, The Case By Frères Oltramare, No. 6173/5792, The Enamel Attributed Jean Abraham Lissignol, Circa 1815. Estimate: HK$ 800,000-2,400,000/ US$ 104,000-310,000.
Piguet & Meylan 18K Gold, Pearl And Enamel-Set Quarter Repeating ‘Barking Dog’ Automaton Openface Watch, Made For The Chinese Market, Signed I.D. Piguet Et P. Meylan, Genève, No. 146, The Enamel Painting Attributed To Jean-François-Victor Dupont, Circa 1815. Estimate: HK$ 800,000-2,400,000/ US$ 104,000-310,000.
Attributed To Moulinié, Bautte & Cie. or J.B. Garrand, Geneva. An Extremely Rare, Important and Very Fine Gold Enamel and Pearl-Set Flintlock Pistol-Form Perfume Sprinkler with Concealed Watch, Made for the Chinese Market, Swiss, Geneva, Circa 1805. Estimate: HK$ 800,000-2,400,000/ US$ 104,000-310,000.
Patek Philippe 18k Gold Automatic Perpetual Calendar Wristwatch with Moon Phases and Leap Year Indication, Ref. 3450, Retailed By Gubelin, Manufactured In 1985. Estimate: HK$ 3,500,000-5,500,000/ US$ 452,000-710,000.
Patek Philippe Gilt Brass Solar Powered Dome Clock with Cloisonné Enamel. Ref. 1193, Manufactured In 1982. Estimate: HK$ 1,000,000-2,000,000/ US$ 130,000-259,000.
Patek Philippe Gilt Brass Solar Powered Dome Clock with Cloisonné Enamel. Ref. 1177M, Manufactured In 1979. Estimate: HK$ 1,000,000-2,000,000/ US$ 130,000-259,000.
Patek Philippe 18K Gold Keyless Lever Watch With Enamel Scene. Ref. 865/79, Manufactured In 1975. Estimate: HK$ 1,000,000-2,000,000/ US$ 130,000-259,000.
Patek Philippe 18K Gold Keyless Lever Watch With Enamel Scene. Ref. 652/31, Manufactured In 1986. Estimate: HK$ 1,000,000-2,000,000/ US$ 130,000-259,000
Saturday 22 May 2021 at 2pm: Day Sale ‘An Exceptional Season of Watches’
Saturday 22 May 2021 at 7pm: Evening Sale ‘The Legends of Time’
19 May – 2 June 2021: Online Sale ‘Watches Online’
The Important Modern & Vintage Timepieces Geneva auction of May 9th, 2021 achieved an outstanding CHF 10,358,555 (incl. buyer’s premium) and three world records.
Hosted at the historical Hotel Beau-Rivage Genève, the online auction ended in remarkable results (over CHF 10 million total) including three world records:
World record of a steel Lange 1 sold at auction (LOT 434 – A. Lange & Söhne, Lange 1 Ref. 101.026, Lange 1 Steel, sold for CHF 312,500. – incl. buyer’s premium).
World record for an Omega Chronomètre à Tourbillon in yellow gold (LOT 444 – Omega, Chronomètre à Tourbillon, yellow gold, sold for CHF 512,500. – incl. buyer’s premium).
World record for a steel Rolex Zerographe with white dial (LOT 292 – Rolex, Ref. 3346, Zerographe, steel, sold for CHF 225,000. – incl. buyer’s premium).
LOT 292: Rolex, Ref. 3346, Zerographe, Steel (Estimate: CHF 50,000 – 80,000/HKD 400,000 – 640,000/ USD 50,000 – 80,000): Sold for CHF 225,000. – including buyer’s premium (World Record for a steel Rolex Zerographe with white dial).
Even rarer than the reference 4113, which is considered the holy grail for collectors, Rolex Ref. 3346 Zerographe LOT 292 is the first ever Rolex Chronograph to feature an in-house movement: a 17-jewel, manual-wind Rolex caliber with a flyback stop-seconds function.
LOT 434: A. Lange & Söhne, Ref. 101.026, Lange 1 Steel, Full Set (Estimate: CHF 100,000 – 200,000/ HKD 800,000 – 1,600,000/ USD 100,000 – 200,000): Sold for CHF 312,500. – including buyer’s premium (World Record for a Lange 1 in steel sold at auction).
LOT 444: Omega, Chronometre A Tourbillon, Yellow Gold (Estimate: CHF 100,000 – 200,000/ HKD 800,000 – 1,600,000/ USD 100,000 – 200,000): Sold for CHF 512,500. – including buyer’s premium (World Record for an Omega Chronomètre à Tourbillon in Yellow Gold).
LOT 403: Rolex, Ref. 6611, Day-Date, Yellow Gold (Estimate: CHF 10,000 – 15,000/HKD 80,000 – 120,000/ USD 10,000 – 15,000): Sold for CHF 45,000. – including buyer’s premium.
LOT 148: Rolex, Ref. 8029, Oversize Center seconds, Serpico Y Laino Caseback, Steel (Estimate: CHF 20,000 – 30,000/HKD 160,000 – 240,000/USD 20,000 – 30,000): Sold for CHF 52,500. – including buyer’s premium.
And as always, Rolex chronographs amass intense attention from collectors, and Antiquorum delivered a great selection on Sunday’s auction, including LOT 231, a rare yellow gold chronograph with “Monoblocco” black dial and yellow gold riveted bracelet.
Several Daytona models gathered great interest, including a Paul Newman in near mint condition (LOT 234), a steel Ref. 6262 which remains a favorite amongst specialized collectors for its rarity (LOT 155), a Ref. 16520 with black dial housing an El Primero movement (LOT 160), and a superb new old stock Ref. 116520 with “beige” dial, which had never been auctioned off before (LOT 410).
LOT 231: Rolex, Ref. 3525, Black Dial “Monoblocco”, Yellow Gold (Estimate: CHF 70,000 – 90,000/HKD 560,000 – 720,000/USD 70,000 – 90,000): Sold for CHF 150,000. – including buyer’s premium.
LOT 234: Rolex, Ref. 6264, Cosmograph Daytona, Paul Newman, Steel (Estimate: CHF 100,000 – 200,000/ HKD 800,000 – 1,600,000/ USD 100,000 – 200,000): Sold for CHF 212,500. – including buyer’s premium.
LOT 410: Rolex, Ref. 116520, Daytona “Beige Dial” New Old Stock Full Set – Very fine and extremely rare stainless steel, self-winding chronograph wristwatch. Estimate: CHF 50,000 – 70,000/HKD 400,000 – 560,000/ USD 50,000 – 70,000. Sold for: CHF 143,750. – (incl. buyer’s premium).
Two especially rare Rolex lots that were also never before seen at auction were LOT 293 and LOT 224. LOT 293, a Ref. 6239 Daytona, is widely known amongst collectors as the “Albino” Daytona for its monochromatic white dial, which was most likely a test dial to experiment from the regular production of silver and black dials produced at the time.
LOT 224, a Ref. 1680 Submariner in superb condition originally made for the UAE Armed Forced, features a rare Arabic date disc and a tropical brown dial that was originally blue, like its bezel, but which naturally aged over time.
LOT 293: Rolex, Ref. 6239, Daytona Albino Big Red Dial – Ref. 6239 Daytona Albino Big Red Dial with a rare and attractive dial, most probably a “test” dial, Antiquorum experts assume this piece is a prototype since this monochromatic dial never officially appeared on the market. Estimate: CHF 700,000 – 1,200,000/HKD 5,600,000 – 9,600,000/ USD 700,000 – 1,200,000. Sold for: CHF 865,000. – (incl. buyer’s premium).
LOT 224: Rolex, Ref.1680, Submariner, “Arabic” Tropical Dial Full Set, Yellow Gold, Made For the UAE Armed Forces – A Rolex Ref. 1680 Submariner in 18K yellow gold, features a very attractive tropical dial with Arabic date disc and is a first on the market. Estimate: CHF 100,000 – 150,000/HKD 800,000 – 1,200,000/USD 100,000 – 150,000. Sold for: CHF 143,750. – (incl. buyer’s premium).
The auction house also had in its wide selection lots containing watch components, including five very interesting ones featuring Rolex: LOTS 260, 263, 266, 274 & 276. Lots that proved to interest many collectors and bidders, Antiquorum affirmed its primary pursuit as a specialist in watches by being the only auction house to regularly auction all types of watchmaking components.
LOT 260: Rolex, Presentation Case with 15 Movements and Dials – A very fine and extremely rare wooden presentation box featuring 1 pocket watch movement and 14 wristwatch movements and dials encased in an acrylic case (Cellini caliber 650, Cellini caliber 750, Cellini calibre 1400, Cellini caliber 1601, Datejust caliber 2135, Date caliber 2235, Oyster Perpetual caliber 3000, Datejust caliber 3135, Day-Date calibre 3155, Cosmograph Daytona caliber 4030, Cosmograph Daytona calibre 4130, Datejust caliber 5035 (x 2), Day-Date caliber 5055, Cellini caliber 6620). Estimate: CHF 15,000 – 25,000/ HKD 120,000 – 200,000/ USD 15,000 – 25,000. Sold for: CHF 42,500. – (incl. buyer’s premium).
LOT 263: 2 Boxes of Rolex Parts Including Trials for Rolex 8171 Dials on Brass Plates – An extremely rare and unusual box of spare parts, including 4 brass dial plates for reference 8171, movement holders, brass movement rings, movement plates, various screws and movement, balance wheels in 2 Rolex cardboard parts boxes. Estimate: CHF 1,000 – 2,000/HKD 8,000 – 16,000/ USD 1,000 – 2,000. Sold for: CHF 30,000. – (incl. buyer’s premium).
LOT 266: Rolex Dial, Ref. 8171, Padellone Oyster Perpetual, Two Tone Silver, Yellow Gold Indexes, with 2 Moonphase Disks and A Month Disk – An exceptional, possibly unique and extremely rare, two-tone silver dial with yellow gold baton indexes. Estimate: CHF 10,000 – 20,000/HKD 80,000 – 160,000/USD 10,000 – 20,000. Sold for: CHF 82,500. – (incl. buyer’s premium).
LOT 274: Rolex, Daytona Hands, Steel – A set of very fine and rare steel hands very good overall condition, likely for Caliber 722/727. The set is comprised 10-hour hands (approx. total length 10.50mm), 10 minute hands (approx. overall length 14mm.), 82 hour hands (approx. overall length 10.60mm), 82 minute hands (approx. overall length 15.60mm), 10 hour hands (approx. overall length 11.50mm), 10 minute hands (approx. overall length 15.50mm). Estimate: CHF 2,000 – 4,000/HKD 16,000 – 32,000/ USD 2,000 – 4,000. Sold for: CHF 20,000. – (incl. buyer’s premium).
LOT 276: Rolex, Daytona Hands, Steel – A set of very fine and rare steel hands very good overall condition, likely for Caliber 722/727, comprised of 12 central chronograph hands, 11 black chronograph counter hands and 5 white chronograph counter hands. Estimate: CHF 1,000 – 2,000/HKD 8,000 – 16,000/USD 1,000 – 2,000. Sold for: CHF 13,750. – (incl. buyer’s premium).
Lovers of complications jumped at the chance to bid on LOT 389, a very fine, exceptional and rare Patek Philippe Ref. 7074R, as well as LOT 178, the extremely coveted and rare Ref. 3710 Nautilus in steel with power reserve.
LOT 389: Patek Philippe, Ref. 5074R, Perpetual Calendar Minute Repeater, Pink Gold – The Ref. 5074 was originally launched in 2002 only in 18K yellow gold, available with a silver or a black dial. In 2005 during the Basel Fair, Patek Philippe presented the 18K rose gold version.
It is considered the successor to the famous ref. 3974. The mechanism is the same in both references with the exception of the gong which, which in the Ref. 5074, goes twice around the watch case in order to give a better and louder sound.
This type of gong is called ‘cathedral gong’. This particular example has been maintained in perfect condition. Estimate: CHF 300,000 – 400,000/ HKD 2,400,000 – 3,200,000/ USD 300,000 – 400,000. Sold for: CHF 400,000. – (incl. buyer’s premium).
LOT 178: Patek Philippe, Ref. 3710, Nautilus, Power Reserve, 150th Ever Produced, Steel – A very fine, self-winding, stainless steel wristwatch with date and power reserve. Featuring roman numerals with luminous material as well as the characteristic power reserve that would become known as “The Comet” by collectors.
Known to have launched with the movement number 3’148’000, it makes this example the 150th piece ever produced. Estimate: CHF 25,000 – 45,000/ HKD 200,000 – 360,000/ USD 25,000 – 45,000. Sold for: CHF 66,250. – (incl. buyer’s premium).
Other highlights on this Sunday’s auction included pieces from Audemars Piguet, such as this trio of very fine and rare pocket watches Audemars Piguet Complications LOTS 325, 326, & 327, and two very rare Royal Oak models.
LOT 214, a supremely well-maintained steel Royal Oak Perpetual Calendar, is a reference that owes its rarity due to the fact that during its 15 years in production, only 15 models in stainless steel were sold a year worldwide. LOT 534, a Royal Oak Quantième Perpetuel, is a very rare example of this reference featuring a salmon dial and has also never been presented at auction before.
LOT 325: Audemars Piguet Grande Complication (Estimate: CHF 60,000 – 80,000/HKD 480,000 – 640,000/ USD 60,000 – 80,000): Sold for: CHF 112,500. – including buyer’s premium.
LOT 326: Audemars Piguet Astronomic Minute Repeater (Estimate: CHF 40,000 – 60,000/ HKD 320,000 – 480,000/ USD 40,000 – 60,000): Sold for CHF 100,000. – including buyer’s premium.
LOT 327: Audemars Piguet, Ref. 5501, Perpetual Calendar Pocket Watch, Two-Tone Dial, Yellow Gold (Estimate: CHF 17,000 – 27,000/HKD 136,000 – 216,000/USD 17,000 – 27,000): Sold for CHF 23,750. – including buyer’s premium.
LOT 214: Audemars Piguet, Ref. 25654, Royal Oak Perpetual Calendar, Mark I Dial, Steel (Estimate: CHF 40,000 – 60,000/HKD 320,000 – 480,000/USD 40,000 – 60,000): Sold for CHF 150,000. – including buyer’s premium.
LOT 534: Audemars Piguet, Ref. 25820ST, Royal Oak Quantieme Perpetuel, Salmon Dial, Full Set (Estimate: CHF 70,000 – 90,000/HKD 560,000 – 720,000/ USD 70,000 – 90,000): Sold for CHF 162,500. – including buyer’s premium.
A young brand continuing to gain more traction at auctions, F.P. Journe proved to also serve fantastic results during Sunday’s auction. Widely considered one of the pinnacles of mechanical elegance, LOT 427, the Tourbillon Remontoir D’Egalité, was presented in its original fitted box, certificate of authenticity and instruction booklet, and sold above its lowest estimate to a bidder on Zoom. LOT 428, a unique titanium Elegante housing an electro-mechanical quartz movement, also doubled its estimate.
LOT 427: F.P Journe, Tourbillon Remontoir D’egalite, Seconde Morte, Pink Gold Dial, Pink Gold (Estimate: CHF 130,000 – 190,000/HKD 1,040,000 – 1,520,000/USD 130,000 – 190,000): Sold for CHF 200,000. – including buyer’s premium.
Timepiece like no other in terms of mechanics and elegance, LOT 427 the Tourbillon Souverain Remontoire d’Egalité, Seconde Morte was made from 2003 to 2018 and is the second generation of Journe tourbillons.
A niche brand known for its complex and detailed watches, Daniel Roth has garnered keen interest from bidders. Exquisite pieces from the brand, such as LOT 202, a Masters Double Face Quantieme Tourbillon in 18K white gold with case, lugs and crown set with baguette diamonds and sapphires, dazzled collectors and settled for above its estimate.
LOT 202: Daniel Roth, Ref. 197.X.60, Masters Double Face, Quantieme Tourbillon, White Gold (Estimate: CHF 50,000 – 70,000/HKD 400,000 – 560,000/USD 50,000 – 70,000): Sold for CHF 75,000. – including buyer’s premium.
A favorite at vintage auctions, Cartier developed splendid results during Sunday’s auction, with most notably LOT 439, a very fine and historically significant Tank Parallelogram Asymmetric, limited to 99 pieces, made in 1999 in honor of the formal handover of Hong Kong to the Chinese government from the United Kingdom.
LOT 439: Cartier, Ref. 2488, Tank Parallelogram Asymetric, Macau 1999, No. 74/99, Yellow Gold – A very fine, limited to 99 pieces, manual wind, 18k yellow gold wristwatch. Estimate: CHF 9,000 – 14,000 HKD 72,000 – 112,000/ USD 9,000 – 14,000. Sold for: CHF 55,000. – (incl. buyer’s premium).
A very fine, rare, manual wind, 18k white gold tourbillon and diamond (.48 cts, 0.0324 cts, rubies 0.0259 cts., emerald 0.027 cts) Louis Moinet Tourbillon Majesty wristwatch with hand-painted dial representing his majesty Sultan Qaboos Bin Said Al Said watch was sold for CHF 181,250.
LOT 433: Louis Moinet, Ref. LM62.70.M. Tourbillon Majesty in White Gold, No. 02/02. Estimate: CHF 60,000 – 120,000/ HKD 480,000 – 960,000 / USD 60,000 – 120,000. Sold: CHF 181,250.
Christie’s ‘Rare Watches’ Live auction in Geneva on 10 May 2021 achieved a total of more than CHF 23 million / USD25.5 million. The auction witnessed a Strong global participation from 47 countries and over 840 registrants. During the event 94% sold by lot and 98% sold by value.
The most valued watch during this auction was Patek Philippe reference 1518 in pink gold, which was the world’s first perpetual calendar chronograph wristwatch to be serially produced by the manufacture, featuring the rare engraving of the Venezuelan retailer Serpico Y Laino, achieved CHF 1,350,000 against the low estimate of CHF 450,000.
The reference 1518 in pink gold, which was the world’s first perpetual calendar chronograph wristwatch to be serially produced by the manufacture, featuring the rare engraving of the Venezuelan retailer Serpico Y Laino, achieved CHF 1,350,000 against the low estimate of CHF 450,000.
The reference 605, a WorldTime pocket watch achieved CHF 1,170,000, doubling the low estimate of CHF 550,000.
The reference 2499, a very rare 18K gold perpetual calendar chronograph wristwatch with moon phases (circa 1984) achieved CHF 537,500 against a low estimation of CHF 400,000.
The reference 130 white gold chronograph wristwatch achieved CHF 687,500 against a low estimation of CHF 180,000.
The reference 3974G, an extremely rare minute repeating perpetual calendar wristwatch with moon phases, 24 hour and leap year and day/night indication with a black dial, achieved CHF 350,000 against a low estimate of CHF 240,000.
The reference 5016R, an extremely rare minute repeating perpetual calendar wristwatch with tourbillon retrograde date, moon phases, leap year indication, with a black dial, achieved CHF 600,000 against a low estimate of CHF 280,000.
The reference 5013, a very rare tonneau-shaped minute repeater perpetual calendar achieved CHF 400,000 against a low estimate of CHF 280,000.
An extremely rare and early platinum Tourbillon Souverain wristwatch achieved CHF 400,000 against a low estimate of CHF 170,000.
The Tourbillon Souverain in platinum with a beautiful and rare mother-of-pearl dial, achieved CHF 575,000 against a low estimate of CHF 300,000.
A Vianney Halter platinum asymmetrical automatic perpetual calendar achieved CHF 225,000 against a low estimate of CHF 120,000.
A very rare Rolex Oyster perpetual Comex achieved CHF 400,000 against a low estimate of CHF 75,000.
Lange & Söhne
A exquisite Lange & Söhne platinum limited edition tourbillon wristwatch achieved CHF 500,000 against a low estimate of CHF75,000
A very rare Audemars Piguet platinum pocket watch, royal oak model, diamond-set limited edition openface skeletonized QP achieved CHF 156,250 against a low estimate of CHF 20,000.
Christie’s ‘Rare Watches’ Live auction in Geneva on 10 May 2021 achieved a total of more than CHF 23 million / USD25.5 million, with 94% sold by lot and 98% sold by value.
The top timepiece in the auction was Patek Philippe reference 1518 in pink gold, which was the world’s first perpetual calendar chronograph wristwatch to be serially produced by the manufacture, featuring the rare engraving of the Venezuelan retailer Serpico Y Laino. This most sought after wristwatch was sold for CHF 1,350,000 against the low estimate of CHF 450,000.
As usual, Patek Philippe watches dominated the auction. Some rare and important timepieces from F.P Journe, A. Lange & Söhne, Breguet, Rolex, Vianney Halter, Audemars Piguet and Vacheron Constantin were also achieved excellent selling prices.
Top Achievers (lots that achieved CHF 100,000 and above)
Lot 210: Patek Philippe Reference 1518, 18K Pink Gold Perpetual Calendar Chronograph retailed by Venezuelan retailer Serpico Y Laino: CHF 1, 350,000
Lot 117: Patek Philippe Reference 605 HU, 18K Pink Gold Open Face Keyless Lever World Time Watch with Polychrome Cloisonné Enamel Dial Representing a Map of North America: CHF 1,170,000
Lot 230: Patek Philippe Reference 3974, 18K White Gold Automatic Minute Repeating Perpetual Calendar Wristwatch with Moon Phases, 24 Hour, Leap Year, Day/Night Indication: CHF 846,000
Lot 114: Patek Philippe Reference 130, 18K White Gold Chronograph, circa 1944: CHF 687,500
Lot 41: Patek Philippe Reference 5016R, 18K Pink Gold Minute Repeating Perpetual Calendar Wristwatch with Tourbillon Retrograde Date, Moon Phases, Leap Year Indication, with a Black Dial, circa 2010: CHF 600,000
Lot 164: F.P. Journe Tourbillon Souverain with Power Reserve, Constant Force Remontoire, Dead Beat Seconds functions, Platinum Case, Mother-Of-Pearl Dial, circa 2007: CHF 575,000
Lot 211: Patek Philippe Reference 2499, 18K Gold Perpetual Calendar Chronograph with Moon Phases, circa 1984: CHF 537,500
Lot 211: Patek Philippe Reference 2499, 18K Gold Perpetual Calendar Chronograph with Moon Phases, 4th series: CHF 537,500
Lot 177: A. Lange & Söhne ‘Tourbillon Pour Le Merite’ Platinum Limited Edition Tourbillon Wristwatch with Chain Fusee, Power Reserve and Bracelet, Reference 751.005, circa 1998: CHF 500,000
Lot 63: Patek Philippe 18K Pink Gold Open Face Keyless Lever Perpetual Calendar Pocket Watch with Guillaume Balance and Equation of Time, circa 1890: CHF 475,000
Lot 40: Patek Philippe Reference 5016P, Platinum Minute Repeating Perpetual Calendar Wristwatch with Tourbillon, Retrograde Date, Moon Phases, Leap Year Indication and Breguet Numerals: CHF 437,500
Lot 178: A. Lange & Söhne Reference 701.011, Tourbillon Pour Le Merite, 18K Pink Gold Limited Edition Tourbillon Wristwatch with Chain Fusée, Power Reserve, circa 1998: CHF 437,500
Lot 72: Breguet Sympathique No. 15, Gilt Bronze 8-Day Going Table Clock with Equation of Time, Annual Calendar, Moon Phases, Power Reserve Indication, Thermometer, Spring Detent Chronometer Escapement with Five-Second Constant Force Remontoire, Matching Numbered 18k Gold Tourbillon Wristwatch with Regulator Style Dial and Power Reserve Indication, circa 1994: CHF 437,500
Lot 226: Patek Philippe Reference 5013, Tonneau-Shaped Minute Repeater Perpetual Calendar in Platinum, circa 2000: CHF 400,000
Lot 166: F.P. Journe Platinum Tourbillon Souverain wristwatch with Power Reserve, Constant Force Remontoir and Dead Beat Seconds, Matte gold dial circa 2002: CHF 400,000
Lot 165: F.P. Journe Platinum Tourbillon Wristwatch with Power Reserve, Constant Force Remontoir and Dead Beat Seconds, White gold and silver guilloche dial, circa 2001: CHF 400,000
Lot 132: Rolex Stainless steel Oyster Perpetual Submariner ‘Comex’, Reference 1680, circa 1978: CHF 400,000
Lot 61: Patek Philippe Reference 944/1, 18K Gold Open Face High-Precision Keyless Lever Pocket Watch with One-Minute Tourbillon Regulator by Hector Golay, Made For Observatory Competition, Regulated By François Modoux: CHF 375,000
Lot 229: Patek Philippe Reference 3974G, 18K Gold Minute Repeating Perpetual Calendar Wristwatch with Moon Phases, 24 Hour And Leap Year And Day/Night Indication with a Black Dial, circa 1991: CHF 350,000
Lot 159: Breguet Perpétuelle No. 195/3759, 18K Gold Open Face Self-Winding Minute Repeating Jumping Hour Lever Pocket Watch with Free Sprung Helical Balance Spring and 60-Hour Power Reserve: CHF 300,000
Lot 11: Patek Philippe Reference 5711/1R, 18K Pink Gold Nautilus Automatic Wristwatch with Sweep Centre Seconds and Date, Retailed By Tiffany & Co., circa 2016: CHF 300,000
Lot 227: Patek Philippe Reference 5079J, 18K Gold Automatic “Cathedral” Minute Repeating Wristwatch with Enamel Dial, circa 2002: CHF 275,000
Lot 209: Patek Philippe Reference 2497, 18K Gold Perpetual Calendar Wristwatch with Sweep Centre Seconds and Moon Phases, circa 1955: CHF 250,000
Lot 225: Patek Philipe Reference 5013J, 18K Gold Tonneau-Shaped Automatic Minute Repeating Perpetual Calendar Wristwatch with Retrograde Date, Moon Phases, Leap Year Indication and Breguet Numerals, circa 1992: CHF 250,000
Lot 137: Rolex Dato-Compax ‘Jean Claude Killy’ Reference 6036, 18K Gold Triple Calendar Chronograph Wristwatch, circa 1953: CHF 250,000
Lot 38: Patek Philippe Reference 5970P, Platinum Perpetual Calendar Chronograph Wristwatch with Moon Phases and 24 Hour Indication, circa 2010: CHF 237,500
Lot 111: Patek Philippe Reference 2526, 18K White Gold Automatic Wristwatch with small seconds and Diamond-Set hour-markers, circa 1955: CHF 237,500
Lot 39: Patek Philippe Reference 5971, Platinum and Diamond-Set Perpetual Calendar Chronograph Wristwatch with Moon Phases, 24-Hour and Leap Year Indication, circa 2007: CHF 225,000
Lot 169: Vianney Halter Platinum Antiqua Automatic Perpetual Calendar: CHF 225,000
Lot 19: Audemars Piguet Jules Audemars Grande Complication Ref. 25806, Platinum Automatic Minute Repeating Perpetual Calendar Split Seconds Chronograph Wristwatch With Moon Phases, Calendar Week and Leap Year Indication, circa 2006: CHF 212,500
Lot 52: Vacheron Constantin Polar Bear Mystery Tourbillon Clock, circa 1989: CHF 225,000
Lot 155: Attributed to Charles Ducommun, 18K Pink Gold Enamel and Pearl-Set Open Face Quarter Repeating Pocket Watch with Virgule Escapement and Varicoloured Gold Automaton Depicting ‘Moses Striking the Rock’, circa 1800: CHF 225,000
Lot 162: F.P. Journe Repetition Minute Souverain, Stainless Steel Minute Repeating Wristwatch with Power Reserve Indication, circa 2011: CHF 187,500
Lot 136: Rolex Reference 6062, 18K Gold Automatic Triple Calendar Wristwatch with Moon Phases, circa 1953: CHF 175,000
Lot 36: Patek Philippe Reference 3971 1st Series, 18K Pink Gold Perpetual Calendar Chronograph Wristwatch with Moon Phases, 24 Hour and Leap Year Indication, Manufactured in 1990: CHF 168,750
Lot 12: Patek Philippe Jumbo Nautilus Reference 3700/11J, 18K Gold Automatic Wristwatch with Date, circa 1983: CHF 162,500
Lot 9: Patek Philippe Nautilus Reference 5980R, 18K Pink Gold Automatic Chronograph with Date, circa 2017: CHF 162,500
Lot 65: Jules Jürgensen Grand Complication, 18K Gold Open Face Minute Repeating Perpetual Calendar Split Seconds Chronograph Keyless Lever Watch with Moon Phases and Jürgensen’s Patented Bow Hand-Setting, Winner of a Grand Prix at the Exposition Universelle, Paris 1900: CHF 162,500
Lot 16: Audemars Piguet Montre De Poche Royal Oak Model, NO. 3, Ref. 25729, Platinum and Diamond-Set Limited Edition Open Face Skeletonised Quantieme Perpetual Calendar Keyless Lever Watch with Moon Phases and Leap Year Indication and Chain, Circa 1992: CHF 156,250
Lot 163: F.P. Journe Pink Gold Tourbillon Souverain No. 211-TN, 18K Pink Gold Tourbillon Wristwatch with Power Reserve, Constant Force Remontoir and Dead Beat Seconds, circa 2006: CHF 150,000
Lot 160: Breguet No. 1348, 20K Gold Openface Cylinder Watch With Days of the Week Indication, Annual Gregorian calendar, Additional Gold Index for the Julian calendar, Signs Of The Zodiac and Special Disengaging Equation of Time Mechanism: CHF 150,000
Lot 56: Walter Prendel Groïtzsch I/SA Silver Double Barrel Open Face Six-Minute Flying Tourbillon High-Precision Pocket Watch with 30° Angled Oblique Balance, Guillaume Balance and 30-Hour Power Reserve Indication, ci