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Sotheby’s Autumn Sale Includes Unique Patek Philippe Reference 1518, Historical Rolexes, and Much More

Sotheby's Unique Patek 1518

Sotheby’s autumn sale of Important Watches on Sunday November 13 in Geneva will be spearheaded by the “Clarin Mustad 1518” – a unique Patek Philippe reference 1518 perpetual calendar chronograph that is estimated to sell for between $890,000 and $1,330,000. The sale also includes two Rolex wristwatches that belonged to leaders of the post-World War II era.

A. Lange & Söhne Achieves Record Prices at Auction

Lange Auction Records

A. Lange & Söhne achieved three record sales at Sotheby’s “Important Watches” auction, held on October 6 in Hong Kong. The top selling pieces included a rare set of two limited edition Grand Lange 1 “Luna Mundi” wristwatches, a limited edition 1815 Moonphase “Homage to F. A. Lange” in honey gold, and a Lange Zeitwerk. Find the sale prices and wallpaper inside.

Marc Michel-Amadry Appointed Managing Director of Sotheby’s Switzerland

Marc Michel-Amadry

Marc Michel-Amadry has been named as managing director of Sotheby’s Switzerland. Mr Michel-Amadry will divide his time between Sotheby’s Zurich and Geneva. Sotheby’s said the re-establishment of a pan-Swiss management structure reflects the growing importance of the company’s business in Switzerland and will enhance its ability to provide client services.

Sotheby’s Appoints Tim Bourne Worldwide Head of Watches

Sotheby's Tim Bourne

Sotheby’s has appointed Tim Bourne as Worldwide Head of its Watches department. Mr. Bourne will be based in Hong Kong, overseeing Sotheby’s Asia watch auctions in addition to those in Geneva, New York and London. Sotheby’s said the appointment is a strategic move in response to the rapid expansion of the auction market for watches worldwide, especially in Asia.

Sotheby’s Launches App; Geneva Auction Offers Modern and Historic Classics

Sotheby's App and Sale

1744 meets 2010 as Sotheby’s launches its new application for the iPhone and iPad. Sotheby’s will also offer 244 lots at its autumn sale of Important Watches at the Hôtel Beau-Rivage in Geneva on Sunday, November 14. The sale brings together an impressive range of timepieces tracing this history of watchmaking from 1620 to the present day.

Sotheby’s Hong Kong Sale of Important Watches Brings US$7.14 Million

Sotheby's Auction Results

Sotheby’s October 6 Hong Kong’s sale of Important Watches totaled US$7.14 million, establishing Sotheby’s highest-ever total for a various owners sale of important watches. The auction was 79.9% sold by lot and 85.8% by value. Leading the sale was a Greubel Forsey Double Tourbillon 30º Vision No. 2 with mother-of-pearl dial, circa 2004, which sold for US$325,641 against a pre-sale estimate of $200,000 to $300,000.

Sotheby’s Geneva Sale Generates Over $6 Million

Sotheby's Geneva Top Lot

Sotheby’s May 9 Geneva sale saw international collectors out in force, staking their claim both for big brands and, even more noticeably, for rare and historic timepieces. In total, the sale realized $6,338,588, well within pre-sale expectations. 53% of the lots sold achieved prices in excess of high estimate, with sell through rates of 78.4% by lot and 81.8% by value.

Sotheby’s Sale Brings Over $3 Million

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Sotheby’s May 10 Geneva sale brought a total of $3,077,240. The top selling lot was number 147, a Patek Philippe platinum split seconds chronograph, Ref. 5959P, which sold for $297,468 against a pre-sale estimate of $250,000 to $350,000. The sale was 74.8% sold by lot and 73.7 % by value.

Blue Diamond Achieves Record Price at Sotheby’s

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On Tuesday May 12, Sotheby’s realized $9,488,754 (CHF 10,498,500 / €7,024,336) for a fancy vivid blue, internally flawless cushion-shaped diamond weighing 7.03 carats. This is the highest price for a fancy vivid blue diamond sold at auction and the world-record price per carat for any gemstone sold at auction – $1,349,752. The sale was held in Geneva, and the price topped the pre-sale estimate of $5.8-8.5 million.

Sotheby’s Geneva Auction Features Patek 5959

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Sotheby’s May 10 auction of fine timepieces at the Beau-Rivage Hotel in Geneva will feature treasures old and new. The star among the modern offerings is a Patek Philippe split-seconds chronograph Ref. 5959P. This piece, estimated at between $250,000 and $350,000, contains Patek’s first fully in-house chronograph calibre, CHF 27-525PS, which, at 5.25mm, is the thinnest column-wheel split-seconds chronograph ever made.