Patek Philippe, Officine Panerai, and Rolex watches highlighted Antiquorum's end-of-the-season sale organized in New York City.
Altogether, the sale called "Important Collectors' Wristwatches, Pocket Watches" offered 542 lots and 75 percent of the lots were sold, having fetched a total of 7.28 million dollars. Japanese bidders were the most active ones. Bidders from Taiwan, Finland, and Germany also actively participated in the action bidding.
Lot 538, a Patek Philippe watch in platinum, Ref. 5016, became the star of the auction. The timepiece comprised a range of horological complications - a perpetual calendar with moon phases and retrograde date with a tourbillon and minute repeater. The Patek Philippe watch was acquired for 660,000 dollars.
The auction was also highlighted by a Ref. 5013 Minute Repeater Perpetual Calendar, acquired for 468,000 dollars, and a Ref. 5004R Split-Seconds Chronograph Perpetual Calendar, acquired for 360,000 dollars.
Patek Philippe's Ref. 3970 was available in different metals also attracted active bidding, and its platinum version in particular, having been sold for 132,000 dollars.
Patek Philippe A"T150" Annual Calendar watch, the one that marked a 150-year partnership with Tiffany & Co, was sold for 38,400 dollars.
The bidders also struggled for two rare Officine Panerai watches. A "White Gold Zerograph" was acquired for 33,600 dollars and a "White Gold Seconds Counter" – for 26,400 dollars.
Historic Rolex sports watches also showed excellent auction results.
An Oyster Perpetual "Double Red" Sea-Dweller watch was acquired for 38,400 dollars, while a Ref. 6262 "Paul Newman" Cosmograph Daytona brought 76,800 dollars, having once again proved the fact that this Rolex chronograph enjoys great popularity among watch connoisseurs.
An unconventional modern Rolex watch, a Ref. 16600 Oyster Perpetual Sea-Dweller 4000, featuring black PVD finish, hit the impressive 30,000 dollars.
According to Antiquorum president and CEO Evan Zimmerman, the exceptional results of the end-of-the-season sale demonstrate the sustained strength of the watch market and prove that collectors around the world are turning to timepieces for secure investments, while other markets drastically fluctuate.