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9 November 2014

Alexandra Kindermann

+33 1 40 76 84 08

AKindermann@christies.com

Beverly Bueninck

+33 1 40 76 84 08

BBueninck@christies.com

See all contacts

RESULTS: PATEK PHILIPPE 175 - Geneva 9 November 2014

Geneva EMEA 9 November 2014

Patek Philippe 175

Geneva, 9 November 2014, Sale 1750

[All sold prices include buyer’s premium]

98 lots sold

Total: SFr.19,367,000 /US$19,731,099 /€16,179,501

 98% sold by lot

100 lots offered

SFr.1 = $1.0188 / SFr.1 = €0.8200

 99.5% sold by value

Lot

Description

Estimate (SFr.)

Price Realized

Buyer

 59

Patek Philippe, Reference 2499 First Series. 18K pink gold perpetual calendar chronograph wristwatch with moon phases, manufactured in 1951.

1,600,000 – 2,600,000

SFr.2,629,000

$2,678,425

€2,155,780

European Trade

64

Patek Philippe, Reference 2523. 18K gold two crown world time wristwatch with 24 hours indication and blue enamel dial, manufactured in 1953.

1,500,000 – 2,500,000

SFr.2,225,000

$2,266,830

€1,431,343

European Private

63

Patek Philippe, Reference 2497. 18K white gold perpetual calendar wristwatch with sweep centre seconds, phases of the moon and bracelet, manufactured in 1953.

WORLD AUCTION RECORD FOR THE REFERENCE

1,000,000 – 2,000,000

SFr.2,045,000

$2,083,446

€1,676,900

Anonymous

75

Patek Philippe, Reference 3449. 18K gold manually-wound perpetual calendar wristwatch with moon phases, triple-second bezel and straight elongated lugs, manufactured in 1961. 

1,000,000 – 2,000,000

SFr.1,205,000

$1,227,654

€988,100

Anonymous

 45

Patek Philippe, Reference 1563. 18K gold split-seconds chronograph wristwatch with two-tone pulsation dial and screw back case, manufactured in 1940.

800,000 – 1,600,000

SFr.965,000

$983,142

€791,300

European Trade

 73

Patek Philippe, Reference 2499 Second Series. 18K gold perpetual calendar chronograph wristwatch with moon phases, manufactured in 1960.

600,000 – 1,000,000

SFr.821,000

$836,435

€528,149

European Private

42

Patek Philippe, Reference 530. A stainless steel chronograph wristwatch with silvered sector dial, manufactured in 1939.

200,000 – 400,000

SFr.593,000

$604,148

€486,260

US Trade

 34

Patek Philippe. 18K gold hinged single button chronograph wristwatch with gilt dial, Breguet numerals and vertically positioned subsidiary dials, manufactured in 1926.

500,000 – 800,000

SFr.545,000

$555,246

€446,900

European Trade

 35

Patek Philippe, Reference 130. 18K gold wristwatch with single button split-seconds chronograph, made especially for William E. Boeing, retailed by Cartier, manufactured in 1930.

400,000 – 800,000

SFr.485,000

$494,118

€397,700

US Private

 46

Patek Philippe, Reference 1518. 18K gold perpetual chronograph wristwatch with moon phases, manufactured in 1944. Formerly owned by King Farouk of Egypt. 

300,000 – 500,000

SFr.425,000

$432,990

€348,500

Asian Private

 John Reardon, International Head of Christie’s Watch department, proudly commented: “This sale has exceeded our expectations in every way. With 69 sold lots above estimate, this sale sets a new benchmark for thematic sales and shows the amazing strength of the Patek Philippe market. On a personal level, I cannot overstate how impressed I am with the Christie's international team in their commitment to making this sale a success as well as the passion and energy of the watch collecting community in participating in this sale. Collectors swarmed the room in a fury of excitement to earn the right to own one of the 100 watches on offer. Our team was particularly impressed by the performance of the 2499 First series sold for an impressive SFr.2,629,000. Also, the reference 530 manufactured in 1939 realised SFr. 593,000 against a presale estimate of 200,000-400,000”.

Next Sale: Important Watches – Geneva, 10 November 2014

Please click here to view the fill international calendar of upcoming sales from Christie’s Watch department.

PRESS CONTACTS:

Alexandra Kindermann  | +33 1 40 76 84 08| AKindermann@christies.com

Beverly Bueninck  | +33 1 40 76 84 08 | BBueninck@christies.com

­­­*Estimates do not include buyer’s premium.

Sales totals are hammer price plus buyer’s premium and do not reflect costs, financing fees or application of buyer’s or seller’s credits.

       

 

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* Please note when quoting estimates above that other fees will apply in addition to the hammer price - see Section D of the Conditions of Sale at the back of the sale catalogue. *Estimates do not include buyer’s premium. Sales totals are hammer price plus buyer’s premium.