The Collector’s Watch Market Remains Strong [3/26/03]

News and Events June 2, 2003 admin

The Collector’s Watch Market Remains Strong Despite the Political Tensions and Uncertainties of the Last Months

Auction Total: US$ 2,702,943 / SFr. 3’757’090

(New York, NY)—Antiquorum opened its 2003 auction season in New York on March 19-20 with exceptionally strong results. The auction of Collector’s Pocket Watches, Wristwatches & Clocks (March 19) together with the A-auction online (March 20) totaled an impressive US$ 2,702,943.

“We are very pleased with the results of these sales”, said Osvaldo Patrizzi, Antiquorum’s Chairman. “The situation in the Middle East has not affected the watch market”.

Collectors worldwide bid actively on the telephone and the internet. A total of 246 people registered for online bidding and during the course of the auction week more than 55,000 people visited Antiquorum’s site, www.antiquorum.com.

During the “A-auction” of March 20th—Antiquorum’s version of an E-auction—watch sales ranged from US$ 1 to US$ 5,115. The average selling price was US$ 900.

The “Top 10 Lots” from the March 19th auction are as follows:

	LOT127 Sold Price (Incl. Premium) US$ 268,700 / SFr. 373’493
		(1 US$ = SFr. 1.39 / Euro 0.94 / UK£ 0.64)
	Description: Patek Philippe & Cie, Genève, Ref. 3974, 1990’s. 18K yellow gold, astronomic, minute-repeating wristwatch with perpetual calendar and moon phases. Larger image
	LOT104 Sold Price (Incl. Premium) US$ 167,500 / SFr. 232’825
		(1 US$ = SFr. 1.39 / Euro 0.94 / UK£ 0.64)
	Description: IWC, “Il Destriero Scafusia”, 1993. 18K pink gold, limited edition, astronomic, minute-repeating wristwatch with split-seconds chronograph, flying one minute tourbillon regulator, perpetual calendar and moon phases. Larger image
	LOT 105 Sold Price (Incl. Premium) US$ 112,500 / SFr. 156’375
		(1 US$ = SFr. 1.39 / Euro 0.94 / UK£ 0.64)
	Description: IWC, “Grande Complication”, Ref. 3770, 1993. Platinum, limited edition, astronomic, minute-repeating wristwatch with perpetual calendar and moon phases. Larger image
	LOT121 Sold Price (Incl. Premium) US$ 101,500 / SFr. 141’085
		(1 US$ = SFr. 1.39 / Euro 0.94 / UK£ 0.64)
	Description: Roger Dubuis, “Sympathie”, 1998. 18K white gold, “carrée cambrée”, limited edition, astronomic, minute-repeating wristwatch with perpetual calendar and moon phases. Larger image
	LOT 125 Sold Price (Incl. Premium) US$ 99,300 / SFr. 138’027
		(1 US$ = SFr. 1.39 / Euro 0.94 / UK£ 0.64)
	Description: Audemars Piguet, Genève, “Jules Audemars”, “Grande Sonnerie Minute Repeater Carillon”, 1990’s. 18K pink gold, limited edition, minute-repeating wristwatch. Larger image
	LOT 113 Sold Price (Incl. Premium) US$ 90,500 / SFr. 125’795
		(1 US$ = SFr. 1.39 / Euro 0.94 / UK£ 0.64)
	Description: Patek Philippe & Cie, Genève, Ref. 3970E, 2001. Platinum and diamond-set, astronomic wristwatch with perpetual calendar and moon phases. Larger image
	LOT 201 Sold Price (Incl. Premium) US$ 72,900 / SFr. 101’331
		(1 US$ = SFr. 1.39 / Euro 0.94 / UK£ 0.64)
	Description: Patek Philippe & Cie, Genève, Ref. 3448, 1960’s. 18K yellow gold, astronomic, self-winding wristwatch with perpetual calendar and moon phases. Larger image
	LOT 122 Sold Price (Incl. Premium) US$ 66,300 / SFr.92’157
		(1 US$ = SFr. 1.39 / Euro 0.94 / UK£ 0.64)
	Description: Corum, Tourbillon “La Mystérieuse” by Christophe Claret, 1990’s. Platinum, “Mystery” wristwatch with a special one minute tourbillon regulator movement. Larger image
	LOT 114 Sold Price (Incl. Premium) US$ 63,000 / SFr.87’570
		(1 US$ = SFr. 1.39 / Euro 0.94 / UK£ 0.64)
	Description: Patek Philippe & Cie, Genève, Ref. 3971, 1980’s. 18K yellow gold wristwatch, with perpetual calendar and moon phases. Larger image
	LOT 209 Sold Price (Incl. Premium) US$ 55,200 / SFr. 76’728
		(1 US$ = SFr. 1.39 / Euro 0.94 / UK£ 0.64)
	Description: Rolex, Oyster “Cosmograph Daytona”, so-called Paul Newman, Ref. 6263/6265, 1970’s. 18K yellow gold gentleman’s wristwatch with round button chronograph, registers and tachometer. Larger image

3/27/03