More November Auction Results

p150Earlier today, we posted results from recent record-breaking Antiquorum and Christie’s watch auctions.  Sotheby’s also had strong results for its November watch auctions. Following the landmark sale of the George Daniels Horological Collection last week in London, achieving a total of £8,285,139 ($13,249,594), Sotheby’s Geneva sale of Important Watches concluded with a result of CHF 7,950,900 ($8,373,411 ), bringing this year’s total for watch sales in Europe to $30,305,493. The two-session sale was led by rare models of vintage and modern wristwatches, including a most likely unique example of Patek Philippe Ref. 2524/1 retailed by Tiffany & Co, which doubled pre-sale expectations and sold for CHF 542,500 ($571,328). Other top sellers were a Patek Philippe Ref. 2438/1 circa 1958, and a Patek Philippe Ref. 530 circa 1940, which sold for CHF 278,500 ($293,299) each.

Patek Philippe Ref. 2524/1  sold for CHF 542,500 ($571,328)
Lot 156: Patek Philippe Ref. 2438/1 circa 1958
Lot 256: Patek Philippe Ref. 530 circa 1940

Elsewhere, two limited-edition A. Lange & Söhne timepieces from 1996 and 2000 also sold for high amounts this week at Dr. Crott’s auction in Frankfurt on the Main. The Tourbillon “Pour le Mérite” in platinum sold for 248,000 euros, more than three times its original price. Only 50 copies were made in platinum between 1994 and 1998. And a pink-gold version of the 1815 Moonphase, of which only 250 were ever made, sold for 19,200 euros, double the original selling price.

Other A. Lange & Söhne pieces, including the Lange Zeitwerk and the Grand Lange 1 “Luna Mundi,” have sold for similarly high prices at international auctions in the past.

A. Lange & Söhne Tourbillon “Pour le Mérite” in platinum
A. Lange & Söhne 1815 Moonphase in pink gold.

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