Sotheby’s announced the total of its Hong Kong Important Watches Spring Sale 2013 to be the highest ever sale of timepieces in its history. The amazing sum of US$28.4 million (estimated total went around US$12.8 million) was achieved thanks to a unique, for the fist time offered, private collection of 22 decorative modern clocks that were sold for US$15,9 million. Along with magnificent clocks, a great selection of high-end wristwatches has been also highly valued. Remarkable products of Patek Philippe were highlights in both categories.
Outstanding by their artistic designs and precious materials, the majority of magnificent clocks from the Important Private Collection reached several times higher prices from their estimates, including the Magpie’s Treasure Nest Clock by Patek Philippe that was sold for breathtaking $2.31 million (estimated from $380,000 to $640,000). Beside Patek Philippe’s masterpieces, the collection also included creations of Cartier, Daniel Roth, Asprey and others.
Sotheby’s Worldwide Head of Watches, Tim Bourne, confirmed that the Hong Kong Important Watches Spring Sale 2013 that offered over 400 lots achieved not only the highest total for an auction of timepieces organized by Sotheby’s Worldwide, but also the highest total for any sale of timepieces in Asia. Charles Tearle, Head of Watches, Sotheby’s Asia, was also highly satisfied with the continued strong bidding response at Sotheby’s watch sales in the region, which, as he said, allows even more diverse and more impressive selection of timepieces on the following auctions.
The great range of wristwatches that was offered at the just finished auction in Hong Kong included precious timepieces of Patek Philippe, A. Lange & Söhne and Jaeger-LeCoultre, Vacheron Constantin, Chopard, Cartier and other high-end watchmakers. According to the bidders, the most precious among them was Patek Philippe’s Ref. 3974G watch in white gold.
This beautiful timepiece, created in 1989 to mark the brand’s 150th anniversary, reached the double estimated price of US$701,651. Another watch from the renowned watchmaker – Patek Philippe Ref. 5104P Automatic Minute Repeating Semi-Skeletonized Perpetual Calendar watch in platinum and pink gold achieved an extremely high price of US$666,667.