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Exceptional Watchmaking Masterpieces Showcases 90 Outstanding Timepieces
Patrizzi & Co December 14 Auction In New York City
AUCTION FOCUSES ON EXCELLENCE AND INVESTMENT VALUE RATHER THAN A VOLUME SALE
New York (November 16, 2009)—Patrizzi & Co's December 14 auction in New York City will present only collector-level pieces with an edited selection of just 93 watches, clocks and accessories. "Exceptional Watchmaking Masterpieces—an exclusive collection of remarkable timepieces" will spotlight watchmaking's achievements in innovation, design and manufacturing excellence that are so essential to its history and future.
"For this December sale in New York, we are changing our approach and staying on collector items rather than secondhand, supermarket selling," said Osvaldo Patrizzi, president and chief executive officer of Patrizzi & Co. "These pieces can be considered the high couture of horology, with each piece truly exceptional, a dream piece for the collector."
The printed and online catalog will feature a chapter on the history of each brand represented in the sale along with detailed descriptions and photographs of the timepieces. "The point is to show why the watch has real significance, explaining the evolution of the brand, the technology behind the movement and manufacture, and the aesthetic design—to put all these factors into the proper context to demonstrate the worthiness of the timepiece," said Patrizzi.
Examples of pieces in the sale are two jeweled and rock crystal Art Déco clocks; a rare collection of Patek Philippe chronographs with perpetual calendar, Ref. 3970, with custom dials; a cloisonné enamel Patek Philippe wristwatch commemorating the Year of the Goat; a Patek Philippe "Celestial," Ref. 5102; a 1940s extra-flat, pink gold minute repeater by Vacheron Constantin; and for pocket watch lovers, a selection of precious watch keys. In addition, a Patek Philippe Annual Calendar, Ref. 5036/1, and several trophies, all owned by U.S. baseball great Lenny Dykstra, are also featured in the sale.
The traditional auction will be held Monday, December 14, at 2 p.m. at Patrizzi & Co, 595 Madison Avenue, Suite 605. Buyers can bid via phone, written bids, and in real time online via the company's website, www.patrizziauction.com. A public preview will be held Thursday and Friday, Dec. 10-11, from 10 a.m. to 6 p.m. and Saturday and Sunday, Dec. 12-13, from 10 a.m. to 5 p.m. During these times, company watch experts will offer appraisals and accept consignments for future auctions. In addition, the collection will be shown by appointment only in Hong Kong on December 7 and 8.
Patrizzi & Co does not charge a buyer's commission, representing a 20 to 25 percent savings from the hammer price for the buyer. Unlike most auction houses, this means the final sale price reflects the actual value of the timepiece.
Highlights
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Extremely rare set of four Patek Philippe astronomic chronographs, Ref. 3970, made for a client in Asia, with custom dials. A watch in each metal of 18k yellow, white and rose gold and platinum with a corresponding dial color and diamond indexes; circa 1990s.
Estimate: $ 750,000 – $ 900,000
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Patek Philippe, Ref. 2499, second series, 18k yellow gold astronomic round-button perpetual calendar chronograph with tachometer and moon phases; circa 1950s.
Estimate: $ 650,000 – $ 850,000
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Patek Philippe, Ref. 5074, astronomic perpetual calendar and minute repeater.
Estimate: $ 300,000 – $ 350,000
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Art Déco clock, "Tree of Knowledge of Good and Evil," case designed and manufactured by Vladimir Makovsky for Black, Starr & Frost, circa 1930; exceptionally fine and rare, 18k yellow gold and platinum, malachite, mother-of-pearl, coral, lapis lazuli, lack onyx and rock crystal, diamond-set, with fitted leather case
and key.
Estimate on request.
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Art Déco square Mystery clock, designed by Vladimir Makovsky and manufactured by Pierre Gravoin, for Black, Starr, Frost-Gorham, Inc., circa 1931; exceptionally fine and rare, platinum, 18k yellow gold, mother-of-pearl, lapis lazuli, turquoise, rock crystal, black onyx, diamond-set and emerald-set, with winding/setting key.
Estimate on request.
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Patek Philippe, Ref. 2499/100, 18k yellow gold astronomic perpetual calendar chronograph, made in the 1980s.
Estimate: $ 320,000 – $ 380,000
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Patek Philippe Celestial, Ref. 5102, in 18k white gold with sky canopy of exact configuration of the Northern Hemisphere and mean solar time.
Estimate: $ 220,000 - $ 280,000
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Three lots from U.S. baseball great Lenny Dykstra. A Patek Philippe Annual Calendar, Ref. 5036/1, in 18k white gold with bracelet, accompanied by photo of player from 1986 World Series; a 1986 New York Mets World Series trophy and plaque; a Hillerich & Bradsby Co. Silver Slugger Award from 1993 Phillies with Louisville Slugger bat and National League Player of the Week 1990 plaque.
Estimates: $ 28,000 – $ 35,000; $ 18,000 - $ 25,000; $ 12,000 - $ 16,000
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A. Lange & Söhne, Tourbograph, “Pour le Mérite,” platinum rattrapante chronograph with one-minute tourbillon and fusee-and-chain transmission; sold in 2007.
Estimate: $ 400,000 – $ 500,000
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Patek Philippe, Ref. 5075, 18k white gold men’s wristwatch with cloisonné enamel dial commemorating the Year of the Goat; made circa 2001 for the Chinese market.
Estimate: $ 35,000 – $ 50,000
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Vacheron Constantin 18k pink gold extra-flat minute repeater, circa 1940s.
Estimate: $ 180,000 – $ 220,000
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Patek Philippe 18k gold, minute repeater chronograph pocket watch made in 1902 for Tiffany with sweep seconds and 60-minute and 12-hour register.
Estimate: $ 35,000 – $ 45,000
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Six sets of watch winding keys from the 17th & 19th centuries.
Estimates: $ 1,200 – $ 3,500 each
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Exhibitions
HONG KONG
7 – 8 December 2009
The Landmark Mandarin Oriental
15 Queen's Road Central
The Landmark, Central, Hong Kong
T: +852 6147 0010
NEW YORK
10 - 11 December 2009 from 10:00 a.m. to 6:00 p.m.
12 - 13 December 2009 from 10:00 a.m. to 5:00 p.m.
Patrizzi & Co Auctioneers USA
595 Madison Avenue, Suite 605
New York, NY 10022
United States
T. +1 646 763 88 80
F. +1 646 214 09 05
Auction
Monday, 14 December, at 2 p.m. at Patrizzi & Co, 595 Madison Avenue, Suite 605, New York
Live, online at www.patrizziauction.com
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