Two very rare Patek Philippe timepieces set new records for their reference numbers. The Fall sales took place in Hong Kong.
The auction, titled: “Important Modern & Vintage Timepieces”, was held at the Mandarin Oriental Hong Kong hotel. There were 246 watches to go to the auction block that totaled more than $5,000,000 in value. Almost 80% of these watches by lot were sold and went for prices over their previously thought values by 16%.
The most extraordinary sale of the evening was the ULTRA rare Patek Philippe Ref 5104P platinum. The Patek Philippe platinum minute repeater perpetual retrograde skeleton watch, as many call it, sold for JUST under $800,000 ($799,655) after a very tense battle for this timepiece. This sale set a world record for the Patek Philippe 5104P.
Another Patek Philippe up for sale was the Patek Philippe 3939 tourbillon minute repeater. This particular watch had a special dial that was in pink gold. This watch is highly sought after by collectors and so it was originally slated to be the auction’s highest seller. This watch sold for a final price of $722,268. This was a fantastic new world record for the Patek Philippe 3939 tourbillon minute repeater with pink gold dial.
The third highest item going for sale was another stunning Patek timepiece – the Patek Philippe Ref. 6104G celestial diamond in 18K white gold with date, mean time indication, nocturnal sky chart of the Northern Hemisphere, moon phase & orbit indication, and finally, the time of the meridian passage of Sirius and moon. This beautiful watch sold for $422,622.
We look forward to seeing these beautiful Patek Philippe timepieces continue to break records as their values consistently rise as time passes. Maybe your next investment will be something you get to enjoy?