| Auction New York 15 June 2010 |
PRESS-RELEASEFor additional high-resolution photography and information,please visit: http://www.patrizziauction.com/ For additional information, please contact: Ita McCobb Tel +41 22 318 28 38 e-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it Outstanding Selection of 'World Time' Timepieces and Sought-After Collector Models Highlight Patrizzi & Co "Timeless Emotions" June 15 Auction in New York CityNew York (May 7, 2010) – A perennial favorite among collectors, "World Time" watches and clocks indicate time in all 24-hour time zones. Along with dual-time watches, these timepieces are particularly relevant in this era of global interaction and dependency. For its June 15 sale in New York, Patrizzi & Co Auctioneers plans to present a captivating selection of "World Time" men's and women's wristwatches, pocket watches and clocks, along with other collector-level timepieces. More than 200 timepieces, including the World Times, will be offered in the auction, with two sessions at 11 a.m. and 2 p.m. in the company's gallery on the sixth floor of 595 Madison Avenue. A three-day Silent Sale of an additional 150 to 200 watches will be held from Saturday, June 12, to Monday, June 14. "World Time clocks and wristwatches eloquently capture a geographic history of the world," said Osvaldo Patrizzi, president and chief executive officer of Patrizzi & Co. "These timepieces preserve the evolution of timekeeping and international capitals, going back to the magnificent clock from 1630 that we sold last summer in our Renaissance Clocks auction in Milan." World Time watches and clocks in this auction date from circa 1940 to 2009, including models from Patek Philippe, Breguet and Vacheron Constantin. A number of other important pieces will be offered, including a grande et petite sonnerie and minute repeater by F.P. Journe; three Patek Philippe Ref. 3960s, the officer's style watch produced in a limited edition to commemorate the company's 150th anniversary in 1989, and an Art Déco Mystery Clock from Cartier. For the first time, the auction collection will preview in Shanghai where Patrizzi & Co has established a new office. Highlights of the Auction
Auction in two sessions – 11 a.m. and 2 p.m. – Tuesday, June 15, with three-day Preview ExhibitionThe live auction will be held in two sessions at 11 a.m. and 2 p.m. Tuesday, June 15, at Patrizzi & Co, 595 Madison Avenue, Suite 605. Buyers can bid on site, via phone, and written bids. A public preview will be held Saturday and Sunday, June 12 and 13, from 11 a.m. to 6 p.m. and Monday, June 14, from 10 a.m. to 6 p.m. During these times, company experts will offer complimentary appraisals and accept consignments for future auctions.
Concurrent three-day New York Silent SaleIn conjunction with the three-day preview of the auction, Patrizzi & Co will conduct a Silent Sale of 150 to 200 modern and vintage timepieces, including Patek Philippe, Rolex, Cartier, Omega, Vacheron Constantin and Audemars Piguet. Interested buyers can examine the pieces and place their initial bid at the company's New York showroom. A text message system will notify them of competing bids, allowing them the opportunity to rebid before the silent auction closes at 5 p.m. Monday, June 14.
Hong Kong and Shanghai Previews & Silent SalesBoth events will be extended to Hong Kong and Shanghai. The traditional auction will preview and Silent Sale in Patrizzi & Co's Hong Kong office Thursday to Saturday, May 30-June 3, and Shanghai, June 5-7. A Silent Auction sale will be conducted in Hong Kong during those dates as well.
No Buyer's CommissionPatrizzi & 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.
Preview Exhibitions
HONG KONG
SHANGAI
NEW YORK
AUCTION
11 a.m. and 2 p.m. Tuesday, June 15, at Patrizzi & Co, 595 Madison Avenue, Suite 605, New York.
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