Patek Philippe timepieces sweep Christie's sale
May 14, 2008
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| These two Patek Philippe watches were the top lots sold at Christie's recent auction in Geneva. |
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.
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