SAMS Group Australia
advertisement
SAMS Group Australia
advertisement
SAMS Group Australia
advertisement
Goto your account
Search Stories by: 
and/or
 

News












Sotheby’s Important Watches auction in New York produced more than $US14 million ($AU20.8 million) in sales, headlined by Patek Phillipe and Rolex pieces. | Source: Sotheby's
Sotheby’s Important Watches auction in New York produced more than $US14 million ($AU20.8 million) in sales, headlined by Patek Phillipe and Rolex pieces. | Source: Sotheby's

Patek Phillipe, Rolex impress at auction in New York

Sotheby’s Important Watches auction in New York produced more than $US14 million ($AU20.8 million) in sales, headlined by Patek Phillipe and Rolex pieces.

The 7 December sales sold 91 per cent of items, with solid performances from independent watchmakers such as F.P. Journe, Richard Mille, and Audemars Piguet.

The highest profile sale was a 1950 Patek Philippe (Reference 1518) pink gold perpetual calendar chronograph wristwatch with moon phases.

The watch was previously unknown, belonging to the Kaplan family since 1952, and was sold for $US1.5 million ($AU2.24 million).

Geoff Hess, Sothebys-headshot
Geoff Hess, Sothebys-headshot
“The enduring strength of trophy vintage pieces was unmistakably evident, accompanied by a noteworthy demand for newly discovered treasures, reflecting the enthusiasm of our discerning clientele for fresh-to-market watches, which was felt in the packed room today.”
Geoff Hess, Sotheby’s

Also of interest was a 14-carat yellow gold Rolex Dayton Paul Newman ‘John Player Special’ (Reference 6241).

The watch also returned $US1.5 million ($AU2.24 million), more than double its pre-auction high estimate. The piece was a ‘surprise discovery’ during the settlement of a family estate.

Geoff Hess, head of watches at Sotheby’s, said demand remains healthy among watch collectors.

“The enduring strength of trophy vintage pieces was unmistakably evident, accompanied by a noteworthy demand for newly discovered treasures, reflecting the enthusiasm of our discerning clientele for fresh-to-market watches, which was felt in the packed room today,” he said.

The auction also included the first part of a 60-piece collection owned by Alan Bloore, an Australian sportsman and sailor.

Patek Philippe Reference (Ref. 1518) | A pink gold perpetual calendar chronograph wristwatch with moon phases. Made in 1950.
Patek Philippe Reference (Ref. 1518) | A pink gold perpetual calendar chronograph wristwatch with moon phases. Made in 1950.

More reading
See you in court: Legal fight begins over Marlon Brando’s Rolex
Positive sales: Watches of Switerzland maintains optimistic forecast
Rolex and Bucherer: Future of luxury watch industry still uncertain
Rolex rippers: Concerning surge in luxury watch theft
Watch industry shocked: Rolex acquires Bucherer

 











Jeweller Magazine
advertisement





Read current issue

login to my account
Username: Password:
Chemgold
advertisement
World Shiner
advertisement
World Shiner
advertisement
© 2024 Befindan Media