A new world record of Patek Philippe at auction

A new world record of Patek Philippe at auctionIn New York another watch auction held - Bonhams Fine Watches Wristwatches and Clocks, which caused a lively interest among collectors, actively knocking bet from each other in an attempt to buy a unique gift for yourself or a loved one at Christmas. At the auction was put up 163 instances of different watches. Auction could fetch about 1.58 million dollars.

As usual at auction the watchmaker Patek Philippe was set a new world record. Their chronograph became the central lot of the auction. The watch Patek Philippe ref. 5020P was sold for 338,500 dollars. It is a rare instance, framed in a platinum cushion-shaped case that can accommodate a perpetual calendar function.

The sentry unit’s head of the Bonhams auction house Jonathan Snellenberg comments the auction:
"We were very pleased to observe how the activity rejuvenated not only in the gym, but also our customers who participated in the auction on the internet. There is no doubt that public interest in bidding heated up a preview of the major lots in Hong Kong - this is one of the key point’s positive impacts on the results of the auction. "

The second record amount of trading Bonhams Fine Watches Wristwatches and Clocks also belongs to wristwatch Patek Philippe. This chronograph ref. 5070R in rose gold case set on auction by Tiffany & Co. At the initial evaluation of 90 000 dollars the watch Patek Philippe ref. 5070R was acquired for 104,500 dollars.

However, Patek Philippe certainly was not the only watch represented at the event. The five most expensive lots included the watches from the private collection of 25 rare models. This is a Vacheron Constantin watch with tourbillon, "dressed" in a sophisticated case of red gold, which was sold for 80 500 dollars. Among the most expensive watches there was Breguet, also in the gold package, which went under the hammer for 74,500 dollars. Over 35 000 dollars was sold an automatic watch Patek Philippe ref. 5056P. A 27 500 dollars could get for a watch Ulysse Nardin (again in the case of gold).

The ten most successful lots were also rare watches from Rolex, which were released in honor of the famous actor Paul Newman. This watch Paul Newman Cosmograph Daytona in a gold case, which at the initial price of 80 000 was purchased for 84 100 dollars. The second item is the same as Rolex watches Paul Newman Cosmograph Daytona, but this time in stainless steel case. Latest Rolex was sold for 63,700 dollars, with an initial estimate of 40 000.

Thus, the most popular models at the auction Bonhams Fine Watches Wristwatches and Clocks were watches with gold case, despite the fact that the record was established by a model of platinum. The dominance of the top positions in the auction watches from Patek Philippe is not a surprise - this Swiss brand has long been recognized as the undisputed leader of the auction.

Patek Philippe Latest news

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Record of Patek Philippe at Sotheby's in Asia

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Patek Philippe

Patek Philippe

Patek Philippe is a Geneva watch manufacture founded in 1839 and one of the few major Swiss watch companies still owned by a family. It is known above all for complicated mechanical watches – perpetual calendars, chronographs, minute repeaters and astronomical displays – and for classic collections such as the Calatrava and the Nautilus. Since 1932 the company has belonged to the Stern family. Thierry Stern, the fourth generation of the family to run it, has been president since 2009. Patek Philippe makes its own movements and produces a relatively small number of watches each year, which it s…

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