Sotheby’s Sotheby’s Global Watch Auctions Have Historically The Highest Total Turnover And Asia Watch Auctions Have The Highest Total Turnover

Sotheby’s Hong Kong 2013 spring auction held a precious watch auction yesterday, with a total turnover of up to HK $ 221.5 million / US $ 28.4 million (total valuation over HK $ 100 million / 12.8 million) Set a record for the highest total turnover ever in Sotheby’s global watch auction, and the highest total record in Asian watch auction.
Twenty-two unique and never-seen-for-sale lots were sold in the end, and most of them sold more than their estimated value. A Patek Philippe ‘The Magpie’s Treasure Nest Clock’ table clock (estimate: HK $ 3 million to HK $ 5 million / US $ 380,000 to US $ 640,000 / see below) started at HK $ 2.5 million, attracting at least four A telephone bidder and an on-site bidder competed, and the latter online bidder joined the battle group at a asking price of HK $ 9.2 million, and was unable to compete with the on-site bidder. Finally, the on-site bidder won at a bid price of HK $ 15 million (including Commission of HK $ 18.04 million / US $ 2.31 million), which ended the auction with applause.

Patek Philippe Nestle Table Clock

Tim Bourne, Global Head of Sotheby’s Watch and Clock Department, said: ‘Today’s Hong Kong Sotheby’s Prestigious Luxury Watches 2013 Spring Auction will be held successfully, refreshing the historically highest total sales of Sotheby’s Sotheby’s global watch auction, as well as Asian watches and clocks. The highest total turnover at the auction. Among them, the most eye-catching is undoubtedly the evening auction unit of ‘Chicago Streamer-Important Private Timepiece Collection’. This series of treasures have never been seen in the market, and most of them are hall-level brands such as Patek Philippe, Patek Philippe, Cartier, Daniel Roth, etc. are specially made for collectors. They are gorgeous and carefully crafted. From the publication of auction catalogues and even during the auction exhibition, they have seen collectors rushing to the collection. See you at the auction tonight. Each lot also brought fierce and long-lasting competition from many bidders around the world, allowing the unit to be sold for up to HK $ 124 million / US $ 15.9 million, more than twice the estimate (Evaluation: over HK $ 35 million US $ 4.5 million) and 22 lots were sold, six of which sold for more than US $ 1 million / HK $ 7.8 million, unprecedented! ‘
Charles Tearle, Sotheby’s head of Asia’s watch division, said: ‘This auction has been very encouraging. It can be seen that the first market and unique watches are still well received by buyers. It also witnesses Sotheby’s Sotheby’s Watch auctions in Asia have continued to develop steadily. Our autumn auction in 2012 set a record for the highest total turnover ever achieved in Sotheby’s permanent auction of precious global watches, allowing us to collect a wide range of collectors from Patek Philippe, A The extraordinary timepieces of Lange & Söhne, Jaeger-LeCoultre and other important watch factories, each timepiece has also been carefully studied and valued by us. The watch with the highest turnover in today’s auction is a watch Patek Philippe’s 3974G platinum self-winding three-minute perpetual calendar watch, specially launched in 1989 to celebrate the brand’s 150th anniversary, is in perfect condition, from the original owner, at over 5.44 million Hong Kong dollars / 700,000 US dollars more than double the valuation Sale (estimate: HK $ 2 million to 2.8 million / US $ 260,000 to 360,000). Another Patek Philippe Model 5104P platinum and pink gold semi-hollow three questions perpetual calendar watch chain, drawn up $ 5.2 million / US $ 666, 667 traded, surpassing the high estimate (US $ 400-500 million). ‘
Source: Sotheby’s

Updated: 8. December 2017 — 13:26
Circle Of Watches