Patek Philippe timepieces sweep Christie's sale

Watches

Save

E-mail

Patek Philippe timepieces sweep Christie's sale

May 14, 2008

Similar Stories | Topics

STORIES

Year-end Antiquorum sale reaches nearly $7.3M

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

Patek Philippe to hold U.S. exhibit

Antiquorum sees record auction

Antiquorum auction to offer rare Patek Philippes

TOPICS

Auctions

Geneva—Christie's Important Watches sale held earlier this week in Geneva marked the second-highest result for a watch auction at Christie's, the auction house said in a media release.

Five hundred registered bidders vied for the finely curated selection of watches, with 12 different buyers from four continents competing for the two top lots. A total of 90 percent of the lots offered were sold.

The top lot (lot 87) was a Patek Philippe stainless steel perpetual-calendar wristwatch, Ref. 1526, which sold for $4,016,504 to a Swiss private museum. The watch features phases of the moon, a magnetic balance and Arabic numerals, and set a world record for a steel wristwatch at auction, plus the second-highest price for any wristwatch.

Lot 187, another Patek Philippe, was the second-highest lot, selling for $3,113,980 to a European collector. The platinum perpetual-calendar wristwatch features sweep center seconds, phases of the moon and black hard-enamel Breguet numerals, and set a world record for a Patek Philippe Ref. 2497.

Also setting world records were lot 186 and lot 250, a Patek Philippe 18-karat gold perpetual-calendar chronograph wristwatch, Ref. 2499, and a Patek Philippe 18-karat pink gold chronograph wristwatch with two-toned silvered dial, Ref. 530, respectively.

Lot 186 sold for $1,047,961 to a European collector, breaking a world record for a Ref. 2499 in yellow gold, and lot 250 sold for $939,223 to an Asian collector, breaking a world record for a Ref. 530 in gold.

Of the top 10 lots, nine were Patek Philippe timepieces, with the 10th spot going to Philippe Dufour. The 18-karat white gold two-train minute-repeating grande and petite sonnerie wristwatch sold for $443,689, setting a world record for a Philippe Dufour wristwatch.

The next Christie's sale will take place in Hong Kong on May 29.

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

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

June 20, 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

TOPICS

Auctions

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.