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PRESS RELEASE
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Contact: Ita McCobb
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Results
IMPORTANT POCKET WATCHES, WRISTWATCHES AND CLOCKS
PRIVATE COLLECTION OF VINTAGE HEUER WRISTWATCHES
A total of €1,229,350 achieved
SATURDAY & SUNDAY 28 & 29 NOVEMBER 2009 – GRAND HOTEL ET DE MILAN, MILAN
Over the last few weeks more than 3,000 people per day have viewed the online auction catalog for this sale at Patrrizi & Co’s website. The fabulous Grand Hotel et de Milan was a fitting venue for this event as was the quality and choice of the pieces in the auction, all reflecting the culture and good taste of Milan.
The room was virtually full for both auctions with others watching the event on screen in an adjoining room. Bids were received from in the auction room, online, and via the telephone or written bids.70% of the pieces in this auction were sold, achieving a total €1,229,350. The auctions were spread over two afternoons.
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.
Owner collection of vintage Heuer - 28 November
Amid tremendous interest, given the upcoming TAG Heuer anniversary, the prequel to the main Sunday auction was a one owner collection of vintage Heuer. The collection consisted of 104 vintage Heuer timepieces.
For the first evening’s sale of vintage Heuer there was more than 55 people in the auction room during the two hours of the sale, with others watching the auction on the screen in the adjoining bar. Aggressive bidding for several of the pieces came from people in the room, written bids, and many telephone bids and Internet bids from all around the world, in particular the United Kingdom and Italy. The knowledge of TAG Heuer watches shown by these bidders was impressive.
Important pocket watches, wristwatches and clocks - 29 November
For this sale the room was absolutely full with many standing at the back of the room. Bids came from around the world and there was especially aggressive bidding on the collection of table clocks (Baroque, French (Louis XV and XVI), and German) made for the Italian market, which all fetched good prices. In particular, lot 184 the Maltese bracket clock made for a Duke. The rare prototype Panerai wristwatches of the 1940s-50s all achieved good prices amid very spirited bidding with lot 167 achieving a world record €115,000 for a Panerai watch.
Silent Auction – 28 & 29 November
The auction was also host to the world premier launch of Patrizzi & Co’s Silent Auction sales. The silent auction attracted tremendous and very active interest from watch collectors and those looking to buy a watch for personal use or as a present for someone. This world first is a sophisticated version of Osvaldo Patrizzi’s original silent sales.
For those unfamiliar with a Silent Auction, simply put, it consists of individuals putting their pieces to auction with Patrizzi & Co, these pieces are displayed at the Patrizzi Auction showrooms during a two-day period (or longer as in the case of the upcoming Patrizzi & Co New York Silent Auction). Consignment of the pieces is a simple and immediate process and a reserve price is agreed. Potential buyers simply come and view/examine the pieces during the exhibition period and register to bid.
Bidders place their bid and if their bid is beaten by another bid during the Silent Auction, they receive an SMS alert and they can if they wish increase their bid. Once the Silent Auction is closed, the winners of the various lots are notified by SMS.
Some of the top lots:
Click on the images to get the high resolution version
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LOT 22
ABERCROMBIE & FITCH SEAFARER
HEUER, SEAFARER, CHRONOGRAPH, RETAILED BY
ABERCROMBIE & FITCH CO. IN NEW YORK, MADE IN THE 1950s
Fine, stainless steel, center-seconds, water-resistant
gentlemen’s chronograph wristwatch with phases of the moon,
tidal time indication, regatta starting time, 30-minute and 12-
hour registers, and a stainless steel Heuer buckle
SOLD FOR € 4,800
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LOT 32
“STEVE MCQUEEN” MONACO
HEUER, MONACO, “AUTOMATIC CHRONOGRAPH” , REF. 1133, TOOL N.033, CASE NO. 6675-3, CIRCA 1965
Fine, square convex, stainless steel, self-winding, water-resistant gentlemen’s chronograph wristwatch with round pump pushers,
30-minute and 12-hour registers, and date
SOLD FOR € 5,400
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LOT 167
PANERAI PROTOTYPE WRISTWATCH
OFFICINE PANERAI, FIRENZE, RADIOMIR PROTOTYPE,
NO. 1009500, MADE IN 1940
Fine and extremely rare, large, cushion-shaped, stainless steel
and satinized, water-resistant military divers’ wristwatch, with
natural leather strap and brass buckle
SOLD FOR € 115,000 – A WORLD RECORD
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LOT 168
MARINA MILITARE PROTOTYPE
Officine Panerai, Firenze, “MARINA MILITARE, LUMINOR
PANERAI”, MADE IN 1950
Fine and extremely rare, large, cushion-shaped, stainless steel
and satiné, water-resistant military divers’ wristwatch with
transparent back and a natural leather strap with stainless
steel buckle
SOLD FOR € 100,000
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LOT NO. 170
RADIOMIR “EGIZIANO”
Officine Panerai, Firenze, RADIOMIR, SO-CALLED
“EGIZIANO”, REF. GPF 2/56, MADE IN 1956
Extremely fine and rare, stainless steel, water resistant to 20
ATM, divers’ wristwatch with rotating bezel, 8-days power
reserve and a natural leather strap with stainless steel buckle
SOLD FOR € 90,000
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LOT 181
REMARKABLE NIGHT CLOCK
JOSEPH CAMPANUS (GIUSEPPE CAMPANI), ROMA, MADE FOR “M.P.”, CIRCA 1665
An exceptional, large, ebonized, Baroque night clock with Campani’s silent escapement, 24-hour going,
wandering hour, and painted on copper dial, Maratta’s school
SOLD FOR € 90,000
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LOT 186
BARTO LOMEO BERTO LLA, CIRCA 1750
Highly important, fruitwood, 24-hours going, quarter-striking
bracket clock with quarter repeating, manual perpetual
calendar, date, months, striking/silence and repeating control
device
SOLD FOR € 36,000
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LOT 194
YELLOW GOLD COSMOGRAPH, REF. 6263
Rolex, Oyster , Cosmograph , Ref. 6263, Case No. 3257872, Movement No. 5014404, CIRCA 1976-1977
Very fine and rare, tonneau-shaped, 18K yellow gold, water-resistant, gentlemen’s chronograph wristwatch with screw down pushers,
tachometer graduated to 200 units, 30-minute and 12-hour registers, and an 18K yellow gold Rolex buckle
SOLD FOR € 42,000
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NEXT AUCTION NEW YORK
10-13 DECEMBER 2009 SILENT AUCTION
14 DECEMBER 2009 EXCEPTIONAL WATCHMAKING MASTERPIECES
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