Auction Wednesday, October 10th 2012
Sotheby’s Hong Kong important watches Autumn sale 2012 achieves over HKD 120 million / USD 15 million (est. HKD 89 – 125 million / USD 11.4 – 16 million*). The highest ever total for a sale of important watches at Sotheby’s worldwide.
Patek Philippe Platinum wristwatch with 12 complications Ref. 5002P Sky Moon Tourbillon sold for HKD 10.52 million / USD 1.35 million © Sotheby's
Hong Kong, 8 October 2012 Discussing the sale today, Charles Tearle, Sotheby’s Head of Watches, Asia, said: “We are very pleased with the results of today’s sale which set a record for a various-owner sale of watches at Sotheby’s worldwide. Our tightly curated offering of desirably-estimated, highly complicated wristwatches attracted eager competition from a worldwide audience and gave us an excellent total, with 20 lots surpassing HKD 1 million / USD 130,000, and over 60% of the sale soaring above high estimate. The sale achieved a high sold rate both by lot and by value, with a high average lot value of over HKD 320,000 / USD 41,000. Today we had active global participation from not only Greater China, but also Europe and the US and there was record participation online. Collectors worldwide can also look forward to the highly anticipated sale of the George Daniels’ Horological Collection at Sotheby’s London in November” ■
*Estimates do not include buyer’s premium