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.
“There was tremendous interest in this auction from clients in Asia, especially China and Hong Kong,” said Philip Poniz, vice president and chief expert at Patrizzi & Co. “These customers purchased a range of items, from pocket watches to modern wristwatches.” The company held previews in Hong Kong and Shanghai, where Patrizzi & Co. opened offices in 2009 and 2010, respectively.
About 40 people attended the auction in person. The sale saw strong bidding via the Internet and telephone, with many bids coming from China. Sales of pocket watches were consistently strong with models from Patek Philippe and Vacheron Constantin doing very well. Chronograph wristwatches were also popular with models from Patek Philippe, Vacheron Constantin, IWC and Audemars Piguet performing well. A limited edition platinum Panerai Radiomir ref. OP 6542 from 2000 sold for double its estimate. A Rolex Daytona “Paul Newman” Fuerza Aerea Del Peru ref. 6239 circa 1966-67 brought $51,000 against a pre-sale estimate of $32,000-$40,000.
Top-selling lots appear below, and the images may be enlarged with a click. Complete sale results are available at the Patrizzi & Co. website.