The Important Watches sale totalled HK$124.3 million / US$15.9 million, which came in squarely within pre-sale estimates of HK$108 – 146 million / US$13.8 – 18.7 million. The market demonstrated the desire for the highest quality timepieces and many new auction benchmarks were achieved, such as the Patek Philippe Ref. 5216R and Ref. 5213G, which set world auction records for their specific references. Top lot of the sale was a Patek Philippe Platinum and Diamond-set Automatic Minute Repeating Perpetual Calendar Wristwatch Ref. 5073P, which fetched HK$5.8 million / US$743,590.
The autumn series of watch auctions at Sotheby’s worldwide presents both the history and evolution of timekeeping, manifesting the ingenuity and technical virtuosity of various world-renowned watch brands. Commencing in Hong Kong this October with modern timepieces such as Greubel Forsey’s ground breaking inclined tourbillons and Patek Philippe minute repeating wristwatches, the sales continue in Geneva this November with the ‘holy grail’ of vintage watches – the Patek Philippe Henry Graves Supercomplication.