Antiquorum Hits world record at March Auction in Geneva
Antiquorum is the world leader for luxury watch auctions. They have further solidified this by the recent March !7, 2013 auction where they hit a world record! This auction took place at the Richemond Hotel in Geneva Switzerland where they made an estimated seven million dollars. This auction titled “Important Modern and Vintage Timepieces” attracted 434 registered internet bidders in addition to the many room and phone bidders from around the world. Lively international bidding came from countries such as The Russian Federation, Japan, Hong Kong, China, Germany as well as Switzerland. Strong prices were achieved resulting in 80% sold by lot and 137% sold by value.
The watch that stole the show was A. Lange & Sohne Pour Le Merite Tourbillon lot . The limited edition 18K white gold wristwatch with tourbillon regulator and 36-hour power reserve inspired fierce competition amongst bidders and ultimately sold to a phone bidder for an impressive CHF 338,500
According to Julien Schaerer, Managing Director, Antiquorum Geneva.”We are extremely pleased by the outcome for the A. Lange & Sohne Pour Le Merite in our March auction,” said “Today’s results confirm that the Pour Le Merite Tourbillon continues to be one of the most prestigious and sought-after examples ever produced by A. Lange & Sohne.”
Other notable pieces include: Jaeger LeCoultre Reverso Gyrotourbillon 2 [lot 159]. The reversible platinum watch with visible Jaeger LeCoultre caliber 174 movement and inclined two cage multi-axis spherical tourbillon attained CHF 230,500.
The iconic and timeless Rolex Ref. 6263 Paul Newman Tropical Outer Track Oyster Cosmograph [lot 534] inspired a bidding war amongst eight phone bidders and finally sold to a room bidder for an incredible CHF 212,500, over twice its high estimate.