U.S. Antiquorum auction nets more than $5.4M

Watches

Save

E-mail

U.S. Antiquorum auction nets more than $5.4M

June 20, 2008

Similar Stories | Topics

STORIES

Year-end Antiquorum sale reaches nearly $7.3M

Patek Philippe timepieces sweep Christie's sale

Patek Philippe to hold U.S. exhibit

Antiquorum sees record auction

Antiquorum auction to offer rare Patek Philippes

New York—Antiquorum's summer sale of "Important Collectors' Wristwatches, Pocket Watches and Clocks" has netted more than $5.4 million in sales, with the top lot, a Patek Philippe timepiece, fetching $640,800.

A record 484 Internet bidders helped to contribute to sales, along with room bidders and phone bidders from all corners of the world, including Germany, Hong Kong and Italy.

Approximately 118 percent of the auction was sold by value and 86 percent sold by lot.

The highlight was a Patek Philippe Ref. 5013 in pink gold with a black dial (lot 401). Patek's Ref. 5020 in pink gold (lot 399), also known as the "TV Watch," sold for $190,400, and the brand's Ref. 3970P with diamond dial (lot 398) netted $166,800.

The FP Journe brand was sought after in the auction, and its "Tourbillon Black Label" in platinum (lot 392) sold for $ 101,900.

Also selling well were pieces sold by Tiffany and Co. and Cartier. Patek Philippe's Ref. T150 in white gold (lot 116), retailed by Tiffany, attained the price of $72,000—double its estimate. And Cartier's "Pendule de Bureau" (lot 206) sold for $46,800—nearly 10 times its estimate.

The Rolex and Vacheron Constantin brands also received strong attention.

"We're still seeing strong prices realized for fine timepieces in the U.S. market," Julien Schaerer, Antiquorum USA auctioneer and watch director, said in a media release. "As such, we are eagerly anticipating our upcoming October auction for which we have several extraordinary timepieces already consigned."

Save

E-mail

More Watches

Richemont's six-month sales fall 15 percent

Luxury goods giant Richemont saw its sales decrease by 15 percent for the six-month period ended Sept. 30, with a decline in U.S. sales and revenues at its jewelry houses and luxury watch brands contributing to the downturn. Read More

Raymond Weil forms U.S. distribution company

Study: TAG, Tiffany tops in digital competence

More Watches

More Like This

Year-end Antiquorum sale reaches nearly $7.3M

December 15, 2008 | National Jeweler Network

Patek Philippe timepieces sweep Christie's sale

May 14, 2008 | National Jeweler Network

Patek Philippe to hold U.S. exhibit

March 18, 2008 | National Jeweler Network

Antiquorum sees record auction

December 07, 2007 | National Jeweler Network

Antiquorum auction to offer rare Patek Philippes

November 27, 2007 | National Jeweler Network

Design Portfolio

BROWSE

Video

Retailer Toolbar

America's Best Jewelers
Join the ONLY Social Network for Jewelry Retailers. Get access to expert content, peer best practices, and more.
Start networking today.

Newsletters
Topic-specific newsletters that deliver the latest news on jewelry, diamonds, wholesale operations and high-volume buying directly to your in-box.

ReaderConnect
Supplier information presented with every article, bringing you related, actionable content on every topic.

Yellow Pages
A comprehensive listing of associations, organizations, suppliers and services for the jewelry industry.

Classifieds
A comprehensive listing of job postings, product offerings and other materials for sale for the jewelry industry.

CustomerConnect
The most sophisticated suite of marketing services available for jewelry retailers, from Internet tools to data marketing.