Records Fall at Antiquorum and Christie’s Watch Auctions in Geneva

Patek Philippe Ref. 1463 In early November, the watchmaking city of Geneva hosted two auctions of fine timepieces, held one day apart — one by Antiquorum and the other by Christie’s — each of which achieved new records for watches at auction. Antiquorum boasted the highest price ever paid for a Rolex sports watch and a Patek Philippe sold at Christie’s garnered the highest price ever paid for a non-complicated watch.

 

Antiquorum held its “Important Modern & Vintage Timepieces” auction on Sunday, November 11 at the Mandarin Oriental in Geneva. When the final hammer fell, sales totaled 8,631,137 Swiss francs — an outstanding result, according to the company, with several lots selling for many times their original estimates.

The auction’s obvious headliner was an extremely rare Rolex “Single Red” Sea-Dweller Submariner prototype model (Ref. 1518, lot 126), owned by a Japanese collector and appearing for the first time at an auction. The watch fetched an astounding CHF 490,900 (including buyer’s premium), or more than 400 percent of its pre-sales estimate, earning it the distinction of not only the highest price ever paid for a Sea-Dweller watch but the highest for any Rolex sports watch.

Rolex Single Red Prototype Sea-Dweller Submariner

As per usual, several Patek Philippe timepieces drew some of the most interest and highest bids. The notables included a Patek Philippe Ref. 1518 (lot 612), a rare perpetual calendar chronograph watch from the model’s First Series, made in 1951, which was bought for CHF 266,500 (including buyer’s premium), and a Ref. 2499 perpetual calendar chronograph (lot 511), which sold for CHF 290,500 (including buyer’s premium).

Perhaps the most historically important Patek in the auction was an extremely rare Ref. 1463 (lot 582), with a steel case, round-button chronograph and the only asthmometer dial known to exist, which was created, and once owned, by a famous Patek Philippe watchmaker, Jacques Golay. The un-numbered case and unusual dial indicate that the watch was finished by Golay for himself rather than for commercial sale. After some intense bidding, it sold to an Asian collector for CHF 194,500 (including buyer’s premium), more than 50% its pre-sale estimate. The second-selling lot, after the Rolex Single Red Submariner, was a rare Royal Presentation Musical Fan with a concealed watch from Piguet & Capt (lot 189). Originally a gift from Prince Ferdinand of Saxe-Coburg and Gotha to Vicomte de Morais, it fetched CHF 386,500 (including buyer’s premium).

Patek Philippe Ref. 1518 Perp Calendar Chronograph

Patek Philippe Ref. 1463

A while ago on our WatchTime blog, we previewed the extremely rare Patek Philippe Ref. 2499/100, from the personal collection of legendary guitarist Eric Clapton, which was to go on the block at Christie’s “Autumn Sale of Important Watches,” held on November 12 in Geneva. The watch, a perpetual calendar chronograph wristwatch with moon phases in a platinum case, manufactured by Patek Philippe in 1987, did not disappoint, fetching an astounding $3,635,808, a new world record price for this reference at auction.

Eric Clapton's Patek Philippe Ref. 2499_560
The most valuable lot of the Christie’s sale was also a Patek, the so-called J.B. Champion Platinum Observatory Chronometer. It is a unique piece made for well-known American watch collector J.B. Champion in 1952. The timepiece, which carries the reference number 2458, has a platinum case, a certified chronometer movement with a Guillaume balance, and an additional platinum bracelet. Its final hammer price, $3,990,624, set a world auction record for a watch without complications.

J.B. Champion Patek Philippe Ref. 2458_560
The sales of the Christie’s auction, which included Part I of “A Gentleman’s Pursuit for Excellence,” a private collection of complicated Patek Philippe wristwatches and pocketwatches, totaled $28.5 million, selling 96% by lot and 97% by value. Numerous references and models from brands including Patek Philippe, Rolex, and Omega, and in the categories of antique and 20th century enamels, decorative watches and contemporary watches, also achieved world-record prices.

Receive all the news, features and reviews from WatchTime for free! Sign up for our free weekly newsletter and get it all delivered to your inbox.





About Mark Bernardo

Mark Bernardo is the digital media editor of WatchTime magazine, responsible for developing and overseeing the editorial content on WatchTime.com as well as for WatchTime's tablet editions for the iPad, Nook, and Kindle. As WatchTime's managing editor, from 2006 through 2011, he has written about numerous watch companies from major brands like Omega, TAG Heuer and Piaget, to exclusive artisan lines such as Jean Dunand, De Bethune and DeWitt. Prior to joining WatchTime, he was the editor of Smoke, a lifestyle magazine for cigar enthusiasts, whose beats included cigars, watches, cars, wines and spirits, celebrities, men's fashion, and other subjects, and has written about luxury items for a variety of men's-interest publications, including Robb Report, Robb Report Motorcycling, Stratos, Worth, and Bloomberg Markets.

Comments

  1. Tyler says:

    Well I don\'t know if you will allow this comment or not but I own a pawn shop and recently a person came in here with an incredible Vintage Omega 91 diamond ladies watch with a flip-open top. It seems as if it could have been custom made? I need someone to please help me identify it so I can make a better description on eBay. Please help with a date of manufacture or let me know if it is custom or mass produced or even a limited edition. I\'ve personally never seen another like it. Any help at all would be greatly appreciated.
    Thank you...
    Tyler

Leave a comment

*