Antiquorum’s June auction of “Important Modern & Vintage Timepieces”, held this past Saturday at The Mandarin Oriental in Hong Kong, concluded with outstanding results for Patek Philippe, including a Patek Philippe Ref. 5029, No. 1 (Lot 412). Produced in only ten examples in pink gold, the extremely rare minute repeater with officer-style case sold to an Asian bidder after an exciting bidding war for an exceptional HKD 3,500,000 ($451,287).
Another highlight of the sale was the Patek Philippe Ref. 5004P. Seldom appearing at auction, the platinum wristwatch with split-second chronograph, perpetual calendar and custom ordered platinum bracelet elicited aggressive bidding and achieved a world-record price of HKD 3,108,000 ($400,556).
Complicated wristwatches also did very well. The IWC Schaffhausen, “Il Destriero Scafusia,” a platinum wristwatch with double split-seconds chronograph (Lot 163), achieved HKD 1,372,000 ($176,833). Franck Muller also generated interest and obtained important results. The Calibre 97 Grande et Petite Sonnerie minute repeater in 18K white gold (Lot 332) sold for HKD 1,316,000 ($169,605). and the Ref. 7880 RMT (Lot 331), a platinum wristwatch with one-minute flying tourbillon regulator, fetched HKD 860,000 ($110,836).
Vacheron & Constantin continues to be in great demand by collectors across the globe. The pink gold skeletonized wristwatch with perpetual calendar, Ref. 43172/000R (Lot 160), sold for HKD 668,000 ($86,091). In addition, Antiquorum helped raise 440,000 HKD for the Fondazione Cologni dei Mestieri d’Arte (The Cologni Foundation for Artistic Craft Professions).
“We are very pleased by our overall results, and especially proud to have achieved another world record — this time, for a Patek Philippe Ref. 5004P, which sold for an incredible HKD 3,108,000,” said Evan Zimmermann, President and CEO, Antiquorum.