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Modern complicated pieces prove hit at auction

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An Antiquorum auction called Important Modern and Vintage Timepieces saw a total of 626 sales and a value of HKD $62,111,250 (£5,383,363).

The auction, which took place on June 22 at the Mandarin Oriental Hong Kong, attracted a standing room only crowd, as well as several hundred registered internet bidders and phone bidders from around the world. Strong prices were achieved resulting in 121% sold by value.

A Patek Philippe ref. 5029 (Lot 551) was a highlight of the sale. Following minutes of intense bidding, the minute repeating wristwatch in 18ct pink gold sold to an Asian phone bidder for HKD $3,270,000 (£283,408).

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Antiquorum Auctioneers president and CEO Evan Zimmermann said:"We noticed particularly aggressive bidding from collectors in the room and on the internet for exceptional examples of modern timepieces offered in the auction. We were especially impressed by the remarkable results for the Patek Philippe ref. 5029 and the A. Lange & Sohne Turbograph Pour Le Mérite."

Collectors at the auction were said to be particularly interested in modern complicated watches and the A. Lange & Söhne Tourbograph Pour le Mérite, split seconds chronograph wristwatch with tourbillon in platinum (Lot 150), provoked strong bidding among phone, in-room and online buyers, selling for HKD $2,670,000 (£231,337).

Tags : patek philippe
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