Platinum Jaeger LeCoultre watch to make $220,000 in HK?
A spectacular platinum Jaeger LeCoultre wristwatch will lead bids on August 25
Paul Fraser Collectibles, Wednesday 18 July 2012
A magnificent platinum Jaeger LeCoultre wristwatch will lead bids in an upcoming Hong Kong sale on August 25.
The Gyrotourbillon 2 is one of the most coveted watches produced by the luxury Swiss brand, having been heralded as the finest in its long-standing Reverso series. All of the watches in Jaeger LeCoultre's renowned line feature a unique reversible face function which helps guard against scratches and gives the series its name.
Valued with a high estimate of $220,000, the watch is set to provide the auction's top lot. Featuring a highly-desirable platinum casing, it is numbered 72 in a limited edition of 75 and boasts 373 parts and 58 jewels to keep its complex mechanisms moving.
Following this sale will be a stunning Patek Philippe ref 3941R, which features an 18k pink gold casing with a perpetual calendar, moon phases and an 18k pink gold buckle. Estimated at $45,000-60,000, the auction house hopes to make an increase on the $44,000 achieved by another ref 3941R in 2008.
In June, the Patek Philippe wristwatch made especially for legendary collector Henry Graves Jr beat its estimate by 273%, selling for $3m against an $800,000 high valuation at Sotheby's. The current world record for a Patek Philippe at auction stands at $5.6m, which was achieved by a unique example from 1944 at Christie's Geneva showroom in 2010.
Paul Fraser Collectibles bring you all the best news and expert comment on watch collecting, so be sure to check back with us soon for more of the latest. We are also currently offering this classic Longines Men's Olympic Series watch at a fantastic price.
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