After several years away, Dominique Renaud, co-founder of Renaud & Papi, has returned to Switzerland with an exciting mechanical movement in his luggage. So what exactly is the DR01 Twelve First?
After several years away, Dominique Renaud, co-founder of Renaud & Papi, has returned to Switzerland with an exciting mechanical movement in his luggage. But who exactly is Dominique Renaud?
After setting up Antiquorum 36 years ago, and more recently Patrizzi & Co Auctioneers with a unique concept of zero buyer's commission, Osvaldo Patrizzi, who is internationally acknowledged as a foremost expert in antique timepieces, has set himself a new challenge: China.
A well-balanced sale in the eyes of Aurel Bacs, who on December 14th will preside over this auction of vintage and modern wristwatches. On offer will be several extremely rare timepieces by Patek Philippe, Rolex, Breguet, Piaget, Audemars Piguet, Vacheron Constantin and Panerai, alongside a fine selection of pocket watches and desk clocks. Total estimate: USD/CHF 5 to 7 million (EUR 3.8 to 5.3 million).
On Tuesday November 30th at 2pm, 129 timepieces (wristwatches, pocket watches and some clocks) will be proposed for auction by Koller. What makes this sale especially noteworthy is that 85% of the lots are from the collection of Osvaldo Patrizzi and, for the most part, are being offered at 30% under their low estimate.
The market confirmed its stability with renewed interest in fine quality, rare, even exceptional pieces, both vintage and modern. Also in demand are finely-crafted enamel pocket watches and historic pieces. Bidders and collectors came from all over the world to Geneva, with Chinese buyers showing immense interest in Fine Watches.
On November 9th, three exceptional clocks changed hands for some €800,000 (USD 1,095,590), realising 20% of the total sale of important French furniture, sculptures and works of art. A fourth clock went unsold.
Three auction houses - Christie's, Sotheby's and Antiquorum - are in the starting blocks for three days of sales which, twice a year, maintain Geneva at the forefront of fine watch auctions. Will the May 2010 record of a total CHF 42 million be broken? Answer on November 15th.