Record price of 1'244'800 CHF / 1'131'636 USD achieved for an exceptionally rare Patek Philippe wristwatch at Antiquorum's Geneva Auction.

Antiquorum, the world's leading watch auctioneer, realized an impressive total of 6'520'180 CHF / 5'927'436 USD for its auction “Important Collector's Wristwatches, Pocket Watches, Pocket Watches, Clocks and Horological Tools”. Of the 331 lots, 80% were sold, representing 134.62% in value.

The May Antiquorum auction held at the Grand Hotel Kempinski enjoyed a standing room only crowd with overflow in both lobby and annex rooms. The mood was upbeat and the bidding high spirited.

The top-selling lot of the auction was the Patek Philippe, Ref. 1436 (lot 161) stainless steel split-seconds chronograph, one of only two stainless steel split-seconds watches known to exist today. This extraordinary timepiece, sold to a European collector, attained
1'244'800 CHF / 1'131'636 USD, breaking a world record, after fierce in room and telephone bidding.

“The impressive turnout today coupled with aggressive bidding, indicates a renewed confidence in the watch market by both collectors and investors worldwide. We are confident that prices and interest will continue to increase in both the very short term and throughout the year.” Said Robert Maron, Chairman, Antiquorum.

Source: Antiquorum

www.antiquorum.com

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