All Entries Tagged With: "Patrizzi & Co."
Patrizzi & Co. New York Auction Generates $2,901,850
Sales in the Patrizzi & Co June 15 auction reached nearly $3 million with 145 of the 233 lots sold. The top lot was a minute repeater by F.P. Journe, featuring Grande et Petite Sonnerie striking chimes, which sold for $400,000. An eight-day Cartier Mystery clock with platinum, rock crystal and diamonds made in the 1940s attained $280,000. An 18k yellow gold Patek Philippe World Time with a cloisonné enamel dial fetched $140,000.
Patrizzi & Co. June 15 NYC Auction Highlights World Time Pieces
World Time watches and clocks are collector favorites. Along with dual-time watches, these timepieces are particularly relevant in this era of global interaction. For its June 15 sale in New York, Patrizzi & Co Auctioneers will present a selection of “World Time” men’s and women’s wristwatches, pocket watches and clocks, along with other collector-level timepieces.
Breguet Manuscript Brings Over $2 Million at Patrizzi Auction
Patrizzi & Co. sold a manuscript by Abraham-Louis Breguet for a record 2.3 million Swiss Francs (approx. $2,078,000) on Friday, May 7, in Geneva. Nicolas G. Hayek, president and CEO of Montres Breguet S.A. purchased the 354-page document on behalf of the Breguet Museum in Paris. Dictated by Breguet to his assistant over the last five years of his life, it is one of the most important horological documents in existence with in-depth explanations and drawings of Breguet’s many innovations and watchmaking legacy.
Patrizzi to Auction Historic Original Breguet Manuscripts on May 7
On May 7 in Geneva, Patrizzi & Co. will auction a historic manuscript written between 1818 and 1823, during the last years of Abraham-Louis Breguet’s life. The document, which recently resurfaced, chronicles Breguet’s horological innovations, the history of his firm, watch calibers and complications, and his overall philosophy and designs. Breguet dictated the text to his assistant Louis Moinet and edited and noted corrections by hand. Breguet died in 1823 before it could be completed.
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.
Patek, Cartier Highlight Patrizzi & Co. Auction March 9 in NYC
Patrizzi & Co. will open their 2010 season in New York City on March 9 with a sale titled “Timeless Emotions—Collecting Pocket Watches, Wristwatches and Clocks”. The sale includes more than 150 collector pieces. Highlights include a 1929 gold and nephrite Cartier table clock featuring grande sonnerie chimes—one of two clocks with the most complicated mechanism ever made by the company.
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.
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.”
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