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Cartier, Patek Top Sellers At Patrizzi & Co. New York Auction
Patrizzi & Co. opened the 2010 season on March 9 in New York City. Sales exceeded $2 million and two-thirds of the 161 lots sold. The top price of $250,000 was paid for a 1929 gold and nephrite Cartier Comet table clock featuring grande sonnerie chimes—the most complicated mechanism ever made by the company. A Patek Philippe Celestial ref. 5102 wristwatch brought $180,000, and a platinum Louis Cartier Art Déco Tank watch produced in 1929 set a world record at $135,000 – well above the presale estimate.
Patrizzi & Co. NYC Auction Totals $4.2 Million
Patrizzi & Co. closed 2009 in New York City with an auction focused on collector-level timepieces offering just 93 lots. The sale generated $4,225,300, with Patek Philippe accounting for more than half the total value. Patrizzi & Co. finishes the year with sales over $34 million from eight auctions in New York, Geneva and Milan. A yellow gold Patek Philippe ref. 2499 Second Series brought the top price at $720,000.
Patrizzi & Co. December 14 NYC Auction Includes Custom Patek 3970 Set
On December 14 in New York City, Patrizzi & Co. will offer an extremely rare set of four Patek Philippe perpetual calendar chronographs, ref. 3970, featuring custom dials with diamond indexes. The set consists of four pieces, one each in 18k yellow, white and rose gold, and one in platinum, with corresponding dial colors. The pre-sale estimate for the set is $750,000 – $1,000,000.
New Independent Watchmaker Fair in Geneva
From January 17-22, concurrent with SIHH, 29 independent watch brands and craftsmen will display their latest collections at the first Geneva Time Exhibition (GTE). The GTE is an effort by smaller, independent watch brands to pool their resources to battle the global economic crisis and to present their products together in an atmosphere designed for firms that are not members of the major groups.
Patrizzi & Co. Geneva Auction Brings Over $6.2 Million
In the month leading up to the Patrizzi & Co. auction on October 25, more than 3,500 people visited the house’s web site each day to research items included in the sale. On sale day in Geneva, about 60 bidders were present in the auction room and another 45 participated online. 70% of the 253 lots were sold in two sessions, achieving CHF6,345,600 or about $6,230,525.
Patek Sky Moon Tourbillon Brings $1.2 Million at Patrizzi Auction
A Patek Philippe Sky Moon Tourbillon in yellow gold, Ref. 5002, sold for $1.2 million at the Patrizzi & Co. auction in New York on October 7. This is the highest price paid for a wristwatch at auction since the beginning of the recession. The watch was purchased by a customer in Europe. CEO Osvaldo Patrizzi said “In the current global recession, this $1.2 million sale result is extraordinary. This auction demonstrates that while demand for mid-level watches for collectors is softening, extraordinary, very rare, limited-edition pieces are still in demand and in some occasions increasing in value.”
Breguet Marie-Antoinette No. 1160 Coming to LA and NYC
Breguet No. 160 generated two of the greatest mysteries in watchmaking: who ordered it, and who stole it? Commissioned by an unknown admirer of Marie-Antoinette in 1783 as a gift for the queen, it was not completed until 1827, 34 years after her death. In 1983 it was stolen from a Jerusalem museum in a daring heist. In 2005, Nicolas G. Hayek, President and CEO of Montres Breguet, commissioned the manufacture to exactly recreate No. 160. The result was No. 1160 – a treasure in its own right, and it’s coming to the USA.
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Breitling's Chronomat B01 With Manufacture Movement
Breitling Basel Preview: Avenger Seawolf Chrono Blacksteel Limited Edition
IWC and Parmigiani Go To The Oscars
Azimuth Xtreme-1 Collection
Montblanc TimeWalker Dual Carbon Chronograph
Luminox Launches New BlackOut Series for Fall
Awards Keep Coming for Lange Zeitwerk
Panerai Luminor 1950 10 Days GMT Ceramica
