All Entries Tagged With: "patek philippe"
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.
Patek’s New In-House Chronograph
Paris is always a treat, but Paris paired with a new Patek Philippe movement: ooh-la-la. On November 5, scores of reporters from around the world got just that, as Patek Philippe held a party at its newly renovated Place Vendôme boutique to launch its new in-house manual-wind chronograph movement, the CH 29-535 PS.
Antiquorum to Auction Patek Philippe Calibre 89
On November 14 and 15 at the Mandarin Oriental Hotel Geneva, Antiquorum will hold its 35th anniversary sale, and among the more than 300 timepieces to be offered is one that should make any horology aficionado breathe a bit faster… a Patek Philippe Calibre 89 from the Matsuda Collection. With 33 complications, this is the world’s most complicated timepiece.
Patek Philippe’s Thierry Stern: Past, Present, Future
WatchTime’s last feature, titled “Executive Sweep”, looked at the number of top watch company executives being replaced as a result of the economic downturn. This new article focuses on a transfer of executive power of a different type altogether. At family-owned Patek Philippe, top executives do not come and go. This story is about the fourth generation, Thierry Stern, assuming the position of president. On October 15, WatchTime had an opportunity to sit down with Thierry to discuss his past, and his future.
Thierry Stern Takes Over the Presidency of Patek Philippe
Patek Philippe has officially announced that at the end of August, 2009, Thierry Stern took over the presidency of Patek Philippe SA Geneva and was appointed President of the Board of Directors, taking over from his father Philippe Stern. With this move, Patek Philippe confirms its mission as a family run business that is now in the hands of the fourth generation.
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.”
Patek World Records at Antiquorum’s New York Sale
490 internet bidders joined an SRO crowd in the auction room at Antiquorum’s New York sale on September 17, and in the end two Patek Philippe references took top honors, bringing world record prices. The sale of 414 rare and important timepieces generated $9,214,074, representing 85% sold by lot and 133% sold by value. Breguet, Jaeger-LeCoultre, Blancpain, Cartier, and Seiko also made strong showings.
Antiquorum September Auction Features Pateks, a Space Watch and More
Watch aficionados can look forward to a fantastic fall auction on September 17th at Antiquorum Auctioneers in New York City. More than 300 collectible vintage and modern timepieces will be available, including several outstanding timepieces produced by Patek Philippe and an extraordinary Seiko wristwatch that was designed for and worn in space.
Antiquorum’s June Sale: Steve McQueen, FDR, and More
Antiquorum’s June 11 auction in New York will include timepieces associated with American icons including Steve McQueen, Franklin Delano Roosevelt, Frank Sinatra, and others, well as collector pieces including a Patek Philippe Ref. 1436 dating to 1941, a mid-1990s Patek Ref. 3970, and an A. Lange & Söhne Tourbillon “Pour le Mérite” produced in 1996.
Unique Patek Pilot’s Watch Brings $1.7 Million
At Christie’s May 11 Geneva sale, a private Swiss museum paid SFr.1,891,000 ($1,734,862) for a unique, oversize aviator’s wristwatch made by Patek Philippe. The 55mm timepiece features splittable center seconds and an hour angle dial. This is the only watch of its kind known to exist, and until the sale, there was no mention of such a watch in the literature. The Patek Philippe archives confirm that this watch was completed in 1936, and that it was sold on September 28 of that year.
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