RESULTS: Important Watches

NNULL

Hong Kong

Important Watches

Hong Kong – 30 May, 2011 – Sale no: 2867 – Top Ten

[All sold prices include buyer’s premium]

 

Sold:   HK$ 164,707,500 

US$ 21,164,914

£ 12,830,714

€ 14,807,204

Lots Sold: 496 

Lots Offered: 538 

Sold by Lot: 92%

Sold by HK$: 95%

Exchange Rate: HK$1 = US$0.1285/£0.0779/€0.0899

 

Lot

Description

Estimate (HK$)

Purchase Price

Buyer

2174

SINGING BIRD PISTOLS

Attributed to Frères Rochat

The only publicly known matching pair of mirror-image gold, enamel, agate, pearl and diamond-set singing bird pistols, made for the Chinese Market

Circa 1820

* The highest result for an individual lot sold at any watch auction in Asia

* The most valuable achieved for an horological item ever sold at auction in Asia

20,000,000-40,000,000

HK$ 45,460,000

US$ 5,841,610

£ 3,541,334

€ 4,086,854

Anonymous

2403

Patek Philippe, Ref. 2499R, 3rd Series

Pink gold, manually-wound perpetual calendar chronograph wristwatch with moon phases

Manufactured in 1971

5,500,000-9,500,000

HK$ 9,380,000

US$ 1,205,330

£ 730,702

€ 843,262

Asian Collector

2121

Patek Philippe, Skymoon Tourbillon, Ref. 5002P

Platinum manually-wound double dialed wristwatch with twelve complications including minute repeater, tourbillon, perpetual calendar, retrograde date, sky chart, moon phases, orbit display and sidereal time

Circa 2008

7,000,000-9,500,000

HK$ 9,020,000

US$ 1,159,070

£ 702,658

€ 810,898

Anonymous

2192A

F. P. Journe, Centigraphe Sport, Ergonomic Chronograph, first wristwatch entirely made from aluminum, No. 1

Manufactured in May 2011

N/A

HK$ 3,620,000

US$ 465,170

£ 281,998

€ 325,438

Japanese Collector

2193

Harry Winston and Greubel Forsey, Opus 6

White gold, manually-wound double tourbillon wristwatch, limited edition of 6, No. 5/6

Manufactured in 2006

2,400,000-4,000,000

HK$ 3,380,000

US$ 434,330

£ 263,302

€ 303,862

Anonymous

2409

Patek Philippe, Ref. 3448G

White gold automatic perpetual calendar wristwatch with moon phases

Manufactured in 1971

1,600,000-2,500,000

HK$ 2,180,000

US$ 280,130

£ 169,822

€ 195,982

European Collector

2442

Patek Philippe, Ref. 5004P

Manually-wound platinum perpetual calendar split seconds chronograph wristwatch with moon phases and black dial

Manufactured in 1998

1,400,000 - 1,950,000

HK$ 2,060,000

US$ 264,710

£ 160,474

€ 185,194

European Collector

2117

Patek Philippe, Ref. 5971P

Platinum and diamond manually-wound perpetual calendar chronograph wristwatch with phases

Circa 2007

1,400,000-1,800,000

HK$ 1,940,000

US$ 249,290

£ 151,126

€ 174,406

Asian Private

2414

Patek Philippe, Ref. 5004R

Pink gold manually-wound perpetual calendar split seconds chronograph wristwatch with moon phases

Manufactured in 1995

1,400,000-2,000,000

HK$ 1,820,000

US$ 233,870

£ 141,778

€ 163,618

Asian Private

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2408

Patek Philippe, Ref. 2497J

Manually-wound gold perpetual calendar wristwatch with sweep centre seconds, moon phases, Arabic and dot numerals

Manufactured in 1954

1,400,000-2,000,000

HK$ 1,700,000

US$ 218,450

£ 132,430

€ 152,830

Asian Private

2415

Patek Philippe, Celestial, Ref. 5102G

White gold automatic astronomical wristwatch with sky chart, phases and orbit of the moon and time of meridian passage of Sirius and of the moon

Manufactured in 2006

1,300,000-1,900,000

HK$ 1,700,000

US$ 218,450

£ 132,430

€ 152,830

Asian Private

 

Christie’s makes history in Asia on 30 May 2011 with the biggest watch sale ever in the region totaling HK$164,707,500/US$21,164,914, which is close to 70% market share over its nearest competitor.  With a high 92% sold by lot and 95% sold by value, the sale reflects the demand for the best and rarest timepieces and horological works, and underscores the sophistication of the global  watch market.

 

Aurel Bacs, International Head of Watches, Christie’s, said “No auction house responds better than Christie’s to the demanding appetite of an ever-growing group of international watch collectors. The auction in Hong Kong was highlighted by an epic bidding war between two of the world’s most connoisseur collectors who fought fiercely for more than 10 minutes to acquire the only publicly known matching pair of singing bird pistols in the world. The final winning phone bid was well in excess of the high estimate, realizing HK$45,460,000/US$5,841,610, making it not only the highest result for an individual lot sold at any watch auction in Asia, but also the most valuable achieved for an horological item ever sold at auction in Asia. Another highlight was the charity auction of the world’s first all-aluminum sport watch from celebrated watchmaker F. P. Journe – the Centigraphe Sport – to raise funds for the charities ‘100maisons100familles’ and ‘Médecins du Monde’ to aid Japan’s earthquake and tsunami victims. Ten bidders competed  swiftly to over HK$1 million until thunderous applause broke out when a Japanese collector and philanthropist won the final bid online, raising HK$3,620,000/US$465,170 for this worthy cause. Given the incredible variety of makers, periods and styles on our top ten, we can see an impressive breadth and depth of the market and Christie’s savoir-faire in bringing together the finest property any auction house can offer to the world’s top collectors. ”

 

Sam Hines, Head of Sales, Watches Department at Christie’s Hong Kong, added, “Christie’s sale results once again reaffirm our position as the worldwide market leader for collectors’ timepieces. Beginning with a 100% sold rate in the morning session, the afternoon session picked up momentum with intensive bidding, especially from internet bidders who came from 21 countries, making up the highest number of online participants for a Christie’s Hong Kong auction. Once again Patek Philippe wrist-watches attracted competition from all continents. Lot 2403 (the mythical Ref. 2499R in rose gold, offered directly from family of original owner) and the famous Skymoon Tourbillon Ref. 5002P, the most complicated wristwatch ever made by Patek Philippe, made up two out of the top three lots that sold above US$1 million. Another highlight was Part 2 of the Garvin Brown collection, which, like Part 1 offered at Christie’s Geneva in the same month, was 100% sold. We now look forward to the blockbuster watch auction at Christie’s New York on 15 June where Christie’s will have the honour of offering Part 3 of the Garvin Brown collection and the historically important group of watches from the James Ward Packard collection.” 

 

Images can be downloaded here: 

http://cshk.myftp.org/Spring%202011%20Christie's%20Hong%20Kong%20Auctions/Watches/RESULTS/

 

To view the full auction results: 

http://www.christies.com/LotFinder/searchresults.aspx?intSaleID=23459#action=refine&intSaleID=23459&sid=f1c45c7c-b51e-43d0-959b-5dcf177611a4

 

Singing Bird Pistols Video link::

http://www.christies.com/features/singing-bird-pistols-en-1422-3.aspx

 

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