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Record Sales at Sotheby’s Hong Kong Watch Auction

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Written by Watchalyzer on April 16, 2011 in Magazine - No comments

Sotheby’s Hong Kong Important Watches Spring Sale 2011, held at April the 7th, achieved the record for the “Various Owner sale of Important Watches” category, with an astonishing total of $9,370,032 and thus eclipsed two excellent results for the past two seasons. This amazing result exceeded the sell-through rate of 96.8% by lot and 99.1% by value.

Sotheby's Hong Kong Important Spring Sale 2011The timepieces that topped the sale were the rare watches by Patek Philippe. A Patek Philippe Platinum Minute Repeating Perpetual Calendar Tourbillon Wristwatch with Retrograde Date and Moon-Phases was sold for $656,410.

Patek Philippe Platinum Minute Repeating Perpetual Calendar Tourbillon Watch

Patek Philippe Platinum Minute Repeating Perpetual Calendar Tourbillon Watch

The second timepiece from the same manufacturer, a Patek Philippe Yellow Gold Open-Faced Minute Repeating Perpetual Calendar Keyless Chronometre watch with moon-phases, 24 hour indiction and earnshaw-type spring detent escapement also fetched an astounding price of $210,256.

Apart from great results for Patek Philippe watches, an Audemars Piguet, Pink Gold Minute Repeating Tourbillon Chronograph with Register was sold for $279,487. That was nearly three times more than its low estimate. Another remarkable result is $164,103, paid for the F.P. Journe Limited Edition Titanium And Pink Gold Tourbillon Dead Beat Seconds wristwatch with power reserve indication.

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Written by Watchalyzer on April 16, 2011 in Magazine - No comments
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