Showcasing a selection of the world’s most desirable contemporary wristwatches and clocks from manufacturers such as Patek Philippe, Jaeger-LeCoultre, Greubel Forsey and Vacheron & Constantin, Sotheby’s spring auction offers over 400 lots to suit all level of collector and enthusiast including a large selection of desirable ladies watches. Highlights of the sale include important complications such as a white gold Patek Philippe minute repeating perpetual calendar, ref.3974, Jaeger-LeCoultre Reverso ‘a Triptyque’, one of only 3 made for the Hong Kong market and A.Lange & Sohne ‘Pour Le Merite’ tourbillon wristwatch in honey gold, number eight in an edition of fifteen.
The sale of Important Watches Including Magnificent Clocks From An Important Private Collection was held, achieving an astounding HK$ 221.5 million / US$ 28.4 million (Est. over HK$ 100 million / US$ 12.8 million*) - The Highest Total For Any Sale Of Timepieces By Sotheby’s Worldwide, as well as The Highest Total For Any Sale Of Timepieces In Asia. There was strong bidding for watches, and the top lot among which is a Patek Philippe Ref. 3974G wristwatch in white gold which sold for HK$ 5.44 million / US$ 701,651, doubling its estimate of HK$ 2 – 2.8 million*.
The evening session of Magnificent Clocks From An Important Private Collection commanded spectacular prices with 22 lots were 100% sold of which 21 lots surpassed high estimates, achieving HK$ 124 million / US$ 15.9 million (Est. Over HK$ 35 million / US$ 4.5 million*) and setting multiple auction records. The top lot of the sale is “The Magpie’s Treasure Nest Clock” by Patek Philippe (Est. HK$ 3 – 5 million / US$ 380,000 – 640,000*) which was sold for HK$ 18.04 million / US$ 2.31 million after over 35 bids, more than tripling the high estimate (HK$ 5 million / US$ 640,000*) and setting Auction Record For A Patek Philippe Clock.