Auction Geneva 25 October 2009 – Results
Sunday, 25 October 2009 00:00

PRESS RELEASE

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Results

Watchmaking Masterpieces
Sublime elegance in horological works of art

An impressive CHF 6,345,600 achieved

SUNDAY 25 OCTOBER 2009 – MANDARIN ORIENTAL HOTEL, GENEVA

After a month of very active Internet research by watch collectors and aficionados – with on average just over 3,500 visitors per day to the www.patrizziauction.com 25 October auction online catalog – the much anticipated Patrizzi & Co Geneva October auction took place at the Mandarin Oriental Hotel in Geneva today.

Around 60 watch enthusiasts were present in the auction room, 45 participated online and there was determined and rigorous telephone bidding which, while ensuring very good solid results, advanced cautiously in small increments. The auction was held in two sessions – one in the morning and one in the afternoon. 70% of the 253 lots were sold, achieving an impressive CHF 6,345,600.

It is worthwhile noting that, unlike other auction houses, Patrizzi & Co do NOT charge buyers commission so the total figure quoted above is the total amount bid.

“Today we have seen a change take place in the market,” said Osvaldo Patrizzi. “There was a huge amount of enthusiasm in the auction room and this manifest itself in excellent results – evidently confidence is beginning to return.”

Those in the auction room had come from all around the world – Asia, Middle East, Europe and America – to be present for the event. Of the brands that sold particularly well it is worth mentioning Cartier, Rolex, Panerai, and of course Patek Philippe – proving once again that there is always a market for top quality. Of the modern pieces in the auction Ulysse Nardin and TAG Heuer sold very well.

The historic pieces in the auction were much sought-after and, after energetic bidding, achieved excellent prices – typically, the Cartier Art Deco table clock, the Cartier “chinoiserie” travel clock, the probably unique Cartier Mystery Barometer, a Piguet & Capt automaton musical spyglass, and a rare complete set of lady’s savonette-form watch, fob, brooch earrings, ring and matching chain from 1860.



Some of the top lots:

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LOT 246
PLATINUM, REF. 2526
PATEK PHILIPPE, GENÈVE, REF. 2526, MOVEMENT NO. 760478, CASE NO. 682227, MADE IN 1954, SOLD ON JUNE 18, 1954
Extremely fine and important, platinum, self-winding, water-resistant, gentlemen’s wristwatch with a Patek Philippe leather strap and a 18K white gold Patek Philippe buckle, accompanied by an Extract from Archives.
SOLD CHF 160,000

LOT 242
PINK GOLD CHRONOGRAPH, REF. 1463
PATEK PHILIPPE, GENÈVE, REF. 1463, MOVEMENT NO. 867989,
CASE NO. 657144, MADE IN 1950, SOLD ON JULY 24th, 1951
Very fine and rare, 18K pink gold, gentlemen’s wristwatch with round-button chronograph, tachometer with base 1000, 30-minute register, Patek Philippe leather strap and Patek Philippe 18K pink gold buckle, accompanied by an Extract from the Archives.
SOLD CHF 250,000
LOT 241
OBSERVATORY TOURBILLON
PATEK, PHILIPPE & CO, GENÈVE, MOVEMENT NO. 198312, CASE NO. 416885, CARRIAGE BY JAMES PELLATON, ADJUSTED FOR THE OBSERVATORY TRIAL, RECIPIENT OF THE FIRST CLASS PRIZE AT THE GENEVA 1929 OBSERVATORY TIMING COMPETITION, AND HONORABLE MENTION IN 1931 (F. MODOUX), MADE IN 1929, SOLD ON JULY 28, 1934
Exceptionally fine and very important, 18K yellow gold, keyless, “Extra” pocket chronometer with one-minute Tourbillon regulator, adjusted by master adjuster François Modoux, awarded First Prize at the Geneva Observatory Timing Contest of 1929, accompanied by an Extract from the Archives.
SOLD CHF 310,000
LOT 240
STAINLESS STEEL CHRONOGRAPH, REF. 1463
PATEK PHILIPPE & Co., GENÈVE, REF. 1463, CASE NO. 2605614, MOVEMENT NO. 869027, MADE IN 1959, SOLD ON NOVEMBER 18th, 1965
Extremely fine and equally rare, stainless steel, anti-magnetic, water-resistant, gentlemen’s wristwatch with round-button chronograph, tachometer, 30-minute register and a Patek Philippe strap, accompanied by an Extract from the Archives.
SOLD CHF 275,000
LOT NO. 229
MYSTERY BAROMETER
CARTIER , PARIS, NO. 512/850/2725, MADE IN 1930, SOLD IN LONDON
Extremely rare, if not unique, silver, rock crystal, black and red lacquer and coral, barometer made in a form of a mystery clock, accompanied by Cartier’s Certificate of Authenticity.
SOLD CHF 130,000
LOT 228
PENDULETTE CHINOISE “ECRAN” TABLE CLOCK
CARTIER, PARIS, no. 2890, circa 1928
Exceptionally fine and rare, Art Deco, eight-day duration, Pendule Ecran table clock in gilt silver, with coral, platinum, diamonds, black lacquer, and mother-of-pearl, in a Cartier fitted leather box.
SOLD CHF 190,000
LOT 227
PENDULETTE CHINOISE REPETITION MINUTES
CARTIER, PARIS, No. 3404/1893, made in 1928
Extremely rare and important, gold, platinum, diamonds, jade, onyx and enamel, eight day duration, minute repeating, small carriage clock with lacquered panels, inlaid Chinoiserie dial in original Cartier fitted box.
SOLD CHF 170,000
LOT 124
ADMIRAL SCIALDONE LUMINOR PANERAI
ROLEX PANERAI, REF. 6152-1, CASE NO. 124604, CIRCA 1950
Fine and extremely rare, large, stainless steel, cushion-shaped, water resistant, military divers’ wristwatch, with original Panerai leather strap, stainless steel buckle and original fitted box. Accompanied by the autograph letter of Gabriella Scialdone, daughter of Admiral Scialdone.
SOLD CHF 91,000
Lot 111
THE HUNT
ATRIBUTED TO PIGUET & CAPT, GENEVA, CASE BY “SN”, MADE FOR THE CHINESE MARKET, CIRCA 1805
Magnificent and extremely rare, 18K gold and enamel, pearl-set, musical spyglass with concealed automaton scene and built-in watch, made for the Chinese market.
SOLD CHF 300,000
Lot 110
COMPLETE SET
SWISS, CIRCA 1860
Extremely rare, very fine, a set of 18K gold and enamel, diamond-set savonette-form watch designed as a flower basket, with matching fob, matching brooch, a pair of matching earrings, ladies’ matching ring, and a matching chain, in original leather fitted box.
SOLD CHF 65,000
LOT 59
SLR CHRONOGRAPH
TAG HEUER, “SLR CHRONOGRAPH BY TAG HEUER”, NO. 157, CASE NO. 206932, MADE IN 2004 IN A LIMITED EDITION
Very fine, stainless steel, self-winding, water resistant to 50 meters, gentlemen’s chronograph wristwatch with rectangular pushers, registers, date, Tag Heuer leather strap and stainless steel deployant clasp, accompanied by original fitted box and Chronometer Certificate.
SOLD CHF 6,300
NEXT AUCTION MILAN
27-28 NOVEMBER 2009 SILENT AUCTION
29 NOVEMBER 2009 IMPORTANT POCKET WATCHES, WRISTWATCHES & CLOCKS