'Outstanding prices' mark Antiquorum's vintage and modern fine watches auction
A gold Patek Philippe ref 2499 and 'James Bond' Rolex led the way in this $2.8m sale, earlier this month
Paul Fraser Collectibles, Monday 26 September 2011
Antiquorum's September auction of Important Modern & Vintage Timepieces, for which the full prices have just been released, totaled $2,792,050.
The auction of 319 collectible timepieces attracted 353 registered internet and phone bidders from around the world. International bidding came from countries such as Hong Kong, China, Taiwan, the Russian Federation, the Netherlands, Canada and the United States.
Strong prices were achieved resulting in 78% sold by lot and 119% sold by value.
The top lot of the sale was the Patek Philippe ref.2499 [lot 319] which was acquired for $374,500 after several minutes of intense competition between phone, internet and room bidders.
Many other complicated Patek Philippe timepieces attained important results; the Patek Philippe ref. 1436 [lot 318], a unique split-second chronograph with transitional dial retailed by Tiffany, sold for $284,500 while the Patek Philippe ref. 3971 [lot 109] obtained $116,500. The Patek Philippe ref. 5038 [lot 108], a limited edition white gold perpetual calendar, sold for $56,250.
"The outcome for our September auction confirms that Rolex Sports watches continue to generate strong interest among collectors throughout the world," said Evan Zimmermann, President & CEO, Antiquorum.
"In today's sale we were particularly impressed by the outstanding prices obtained for the Rolex James Bond Big Crown and the Gold Rolex Daytona ref. 6241 retailed by Tiffany."
Popular modern and vintage Rolex watches achieved important results as confirmed by the two examples of the Rolex Ref. 6241 offered in the sale; the 18K yellow gold Paul Newman [lot 44] and the 14K yellow gold Daytona retailed by Tiffany & Co. [lot 45]; both realised an impressive $110,500.
Collectors continue to seek out excellent models of vintage Rolex watches complete with box and papers as evidenced by the Rolex ref. 6538 [lot 230], a "James Bond" Big Crown with gilt dial, which sold for $76,900; the Rolex Ref. 1019 [lot 228] which obtained $45,000; and the Rolex. Ref. 1655 [lot 31] which fetched $21,875.
Watch this space for more news of Antiquorum's sale.
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