Antiquorum October Auction Sets Records

Fine watch auctioneer Antiquorum set several world records at its “Important Collectors’ Watches, Pocket Watches & Clocks” sale this month in Geneva, Switzerland.

Standouts included several Rolex watches, whose sale broke world records. Among them were a Rolex “Yellow Gold GMT-Master Perspex Bezel” ($141,000), and a Rolex yellow gold “Doctors Cosmograph” ($294,000), both sold for three times the pre-sale estimates, and a 1954 military diver’s watch that sold for $188,000, double its pre-sale estimate.

A world record was set by a 1940 Audemars Piguet pink gold triple chronograph ($380,000), which was sold, following fierce bidding, to a private collector who bid over the telephone.

Another world record was set by a Patek Philippe pink gold and diamond watch ($251,000), while a Patek Philippe yellow gold “Third series with tachometer dial” went for $674,000. A Patek Philippe world time pocket watch with enameled dial sold for $256,000.

On-site bidders at the Grand Hotel Kempinski in Geneva included many private collectors and representatives from horological museums, bidding against almost 400 on-line bidders and a record number of clients worldwide who had submitted absentee bids. Pocket watches with complications were “much sought after,” said an Antiquorum report, especially by Asian clients.