NEW YORK, 6 December 2011: Important Watches & Clocks at Sotheby’s New York achieved US$8,832,572, selling a strong 85.9% by lot, well within pre-sale expectations of US$6.7-9.6 million. This marks the highest-ever total for an Important Watches & Clocks’ auction at Sotheby’s New York. In addition, 93% of the sold lots brought prices within or above their pre-sale estimates.
The auction was led by two Patek Philippe wristwatches that each achieved US$482,500. An Exceptionally Rare and Historically Important 18K Yellow Gold World Time Wristwatch, 1937, Ref 96 HU “Heure Universelle” is one of the earliest and rarest world time watches known to exist. An Exceptional and Fine Platinum Tonneau Automatic Minute Repeating Perpetual Calendar Wristwatch with Retrograde Date and Phases of the Moon, 2004, Ref 5013P is one of the most complex wristwatches ever made by Patek Philippe with a total of 515 parts.