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Highlights from Christie's, Phillips and Sotheby's May auctions

Highlights from Christie's, Phillips and Sotheby's May auctions. There was great expectation for the legendary Patek Philippe Calibre 89 in yellow gold presented for auction at Sotheby’s "Important Watches" sale in Geneva on Sunday May the 14th, 2017. Surprisingly, the watch was not sold as Sotheby’s passed. Offered with an estimate of Swiss Francs 6.5–10 million as lot 171, the Patek Philippe Calibre 89 did not hit bids above its lower sale estimate. "The Geneva Watch Auction: FIVE" was Phillips’ first watch sale of 2017. The sale was led by the iconic Rolex Reference 6062 "Bao Dai" which sold for CHF 5,066,000 to a phone bidder. This is the new world record for the highest price ever achieved by any Rolex wristwatch at auction. A Rolex Daytona "Paul Newman" Ref. 6263 with a caseback stamped 6239 and a rare "lemon" grené dial (lot 237) established a new world record as the most expensive Daytona ever sold at auction achieving the impressive amount of Swiss Francs 3,722,000. At Christie’s “Rare Watches and a Rolex Afternoon”, the top lot was a gold Patek Philippe perpetual calendar wristwatch formerly the property of Emperor Haile Selassie I of Ethiopia. On sale with an estimate of Swiss Francs 500,000 - 1,000,000, this lot achieved a sale price of Swiss Francs 2,911,500.

In the last three days Christie’s, Phillips and Sotheby's offered important watches in three auctions held in Geneva.



There was great expectation for the legendary Patek Philippe Calibre 89 in yellow gold presented for auction at Sotheby’s "Important Watches" sale in Geneva on Sunday May the 14th, 2017.


After nearly a decade of research and craftsmanship, the Calibre 89 became the most complicated watch ever created when Patek Philippe unveiled it in 1989 to mark their 150th anniversary. One of the most important watches ever to be offered at auction, it remains the brand’s mechanical ambassador.


Surprisingly, the exceptional timepiece was not sold as Sotheby’s passed. Offered with an estimate of Swiss Francs 6.5–10 million as lot 171, the Patek Philippe Calibre 89 did not hit bids above its lower sale estimate.

More pics and video of this exceptional timepiece in our March 17 article announcing the sale.

Among several others, a very interesting lot at Sotheby's auction was the number 135, an IWC Grande Complication featuring minute repeater, chronograph and perpetual calendar with moon-phases and year indication . It was sold for Swiss Francs 81,250. Produced in year 2000, the watch is powered by the automatic lever movement Calibre 79091. The 42 mm platinum case with a minute repeating slide to the case band frames a white enamel dial with engine-turned subsidiary dials.



"The Geneva Watch Auction: FIVE", a double-evening sale which took place the 13th and the 14th of May at Hôtel La Réserve, was Phillips’ first watch sale of 2017.

The sale was led by the iconic Rolex Reference 6062 "Bao Dai", widely considered by the collecting community as one of the most valuable and desirable Rolexes ever made. Following an eight minute bidding war, between ten bidders in the room and three on the telephone, the "Bao Dai" sold for Swiss Francs 5,066,000 to a phone bidder. This is the new world record for the highest price ever achieved by any Rolex wristwatch at auction.


This Rolex triple calendar with moonphase in yellow gold is one of only three black dial models known to exist with diamond markers. Of the three, the Bao Dai, is the only example to feature diamond markers at the even hours, making this piece truly unique. This is further enhanced by imperial provenance, having belonged to Bao Dai, the last emperor of Vietnam. According to family tradition, Bao Dai himself purchased the watch in Geneva in 1954, when he attended the historic Geneva Conference seeking peace in Indochina following the Korean War.


This timepiece is not only exclusive due to its imperial provenance, but it is also the most complicated and iconic Oyster-cased model created by the Geneva-based brand, featuring day, date, month and moonphase indications.

Another top lot was the number 183, an 18K gold Patek Philippe World Time reference 2523/1, the only known example retailed by Tiffany & Co. With a starting estimate of Swiss Francs 900,000-1,800,000, the watch was sold for Swiss Francs 1,450,000.

Launched in 1953, the reference 2523 featured a new two-crown system, one for winding the watch and the other at 9 o’clock controlling the city disc. Two versions were available, reference 2523 with larger lugs sitting above the bezel and reference 2523/1 with a slightly larger diameter of 36 mm and thinner lugs no longer sitting above the bezel.


When introduced to the market this new double crown world time was not a commercial success resulting in very few pieces manufactured. According to research, nine reference 2523/1 are known all case metal and dial combinations. However, the present lot is the only one known with the prestigious Tiffany & Co. signature.

Patek Philippe stopped the production of world time watches in the late 1960s with the passing away of Louis Cottier, the watchmaker who designed this complication. A wordtime wristwatch came back into the Patek Philippe catalogue only in 2000 with the reference 5110.

Finally, a Rolex Daytona "Paul Newman" Ref. 6263 with a caseback stamped 6239 and a rare "lemon" grené dial (lot 237) established a new world record as the most expensive Daytona ever sold at auction achieving the impressive amount of Swiss Francs 3,722,000.


Produced in 1969, the present watch marks the third known and correct example of yellow gold Daytonas with screw down pushers to ever appear at an auction.


Christie’s "Rare Watches and a Rolex Afternoon" took place today at the Four Seasons Hotel des Bergues in two sessions, the first in the morning and the second, entirely dedicated to Rolex timepieces, in the afternoon.

The top lot was the number 166, a previously unknown 18K gold Patek Philippe perpetual calendar wristwatch with sweep centre seconds, moon phases, black luminous military-style dial, luminous Alpha hands, formerly the property of Emperor Haile Selassie I of Ethiopia.


Extract from the Archives confirm production of the present watch in 1954 with a monogram engraved to the case back according to a model given by the client and its subsequent sale on 12 October 1954. Starting from an estimate of Swiss Francs 500,000 - 1,000,000, this lot achieved a sale price of Swiss Francs 2,911,500.

A Rolex Cosmograph Daytona "Paul Newman" ref. 6264 (lot 218) dating back to 1970 achieved a sale price of Swiss Francs 583,500. The 37 mm stainless steel case frames a very rare tropical lemon dial with applied square gold numerals with luminous accents, luminous hands, outer gilt fifths of a second divisions on formerly black - now turned chocolate brown - chapter ring, three engine-turned formerly black – now turned chocolate brown - subsidiary dials.



For the full lists of the lots that were sold at these auctions, just follow the links below:

Sotheby’s "Important Watches", May 13

Phillips "The Geneva Watch Auction: FIVE", May 13 and 14

Christie’s "Rare Watches and a Rolex Afternoon", May 15

COMMENTS

Name

A. Lange & Sohne,137,Accutron,1,AkriviA,10,Alain Silberstein,3,alarm,16,Alpina,14,Andersen Geneve,2,Andersmann,2,Andreas Strehler,5,Angelus,5,annual calendar,43,Anonimo,15,Anthony de Haas,1,Antiquorum,4,Antoine Martin,2,Antoine Preziuso,1,Apple,2,Apple Watch,2,Aquadive,2,Aquastar,1,Armin Strom,76,Arnold and Son,26,Artime,1,Astarwatch,1,Atelier de Chronometrie,1,Ateliers deMonaco,2,Atmos,1,Auctions,91,Audemars Piguet,92,Autodromo,1,automaton,2,BA111OD,1,Ball Watch,1,Bamford,2,Baselword 2022,1,Baselworld,8,BaselWorld 2013,50,BaselWorld 2014,53,Baselworld 2015,69,Baselworld 2016,27,Baselworld 2017,64,Baselworld 2018,75,Baselworld 2019,41,Baselworld 2020,2,Baume,4,Baume & Mercier,11,Baume et Mercier,65,Bell & Ross,39,Bernhard Lederer,4,Bernhard Zwinz,1,bespoke,1,Blancpain,92,blue dial,3,Bonhams,2,Bovet,12,Brands histories,1,Breguet,122,Breitling,71,Bremont,1,Bremont Watch Company,4,Breva,2,bronze,28,Bücherei,1,Bucherer,1,Bulgari,114,Bulova,2,Burberry,1,C3H5N3O9,1,carbon,3,carillon,3,Carl F. Bucherer,4,Carl Suchy,1,Carrera,17,Cartier,46,ceramic,20,Certina,11,Chanel,4,Chaumet,3,chiming hour,13,Chopard,42,Christiaan van der Klaauw,1,Christie's,9,Christophe Claret,5,Christopher Ward,14,chronograph,717,chronometer,38,Chronoswiss,6,Citizen,3,co-axial,1,column-wheel,7,complete calendar,27,complications,88,concept watch,5,Concord,1,constant-force,39,Corum,18,Credor,1,CSEM,1,Cuervo y Sobrinos,1,Cyrus,32,Czapek,8,Dan Niederer,1,Davosa,1,Daytona,7,De Bethune,28,de Grisogono,3,dead seconds,21,Delma,1,detent escapement,4,DeWitt,9,digital display,1,dive watches,56,diving,8,diving watches,377,double regulator,3,Doxa,34,drei,1,dress watches,504,dual time,101,Ebel,2,Eberhard,35,Edouard Koehn,5,Edox,6,El Primero,41,Emile Chouriet,1,Emmanuel Bouchet,1,Emmanuel Breguet,1,enamel dial,12,enamelling,15,Equation of time,9,ETA,1,Eterna,18,exhibitions,1,F.P.Journe,38,Faberge,2,factory tours,3,Favre-Leuba,1,feature article,82,features,118,Felipe Pikullik,2,Ferdinand Berthoud,7,flyback,55,Fondation de la Haute Horlogerie,1,Formex,1,Fortis,9,Franc Vila Founder,1,Franck Muller,7,Frederic Jouvenot,1,Frederique Constant,15,Furlan Marri,1,FVF,1,Gallet,1,Garrick,1,Geneva Watchmaking Grand Prix,8,Georg Jensen,1,George Daniels,4,Gerald Charles,2,Gerald Genta,12,Girard-Perregaux,47,Glashuette,19,Glashuette Original,88,Glashütte,33,Glashütte Original,121,Glycine,4,GMT,126,GoS,1,GoS Watches,1,GPHG,20,GPHG 2020,3,GPHG 2021,3,GPHG 2022,3,GPHG 2023,3,GPHG2019,1,Graham,6,Grand Feu,5,Grand Prix d’Horlogerie de Geneve,16,Grand Seiko,33,Grande Complication,28,Grande Sonnerie,8,Greubel Forsey,38,greubelforsey,1,Gronefeld,10,Grönefeld,8,Grossmann,3,guilloché,8,H. Moser and Cie,49,H20 Watch,1,Habring,10,Habring2,11,Hajime Asaoka,2,Hallmark of Geneva,2,Hamilton,37,hands-on,118,Hanhart,15,Harry Winston,11,Hautlence,6,Hermes,26,Heuer,2,high jewellery,2,high-frequency,3,Hublot,59,Hybris Artistica,1,Hydro Mechanical Horologists,7,HYT Watches,16,Icon,1,In pictures,17,independent watchmaker,35,industry news,227,interview,8,Interviews,8,IWC,166,Jacques Bianchi,1,Jaeger-LeCoultre,123,Jaquet Droz,58,Jean-Francois Mojon,1,Jean-Marc Pontroué,1,JeanRichard,3,jumping hours,36,Junghans,11,Kaj Korpela,1,Kari Voutilainen,10,Kenissi,1,Kollokium,1,Korpela,1,Krayon,4,Kudoke,5,Kurono,2,L.Leroy,1,L'Epee 1839,1,Labails,1,Ladies watches,190,Lang & Heyne,4,Lang 1943,1,Lange,48,large date,3,Laurent Ferrier,25,Laureus,2,Le Garde Temps,1,Lederer Watches,4,Leica,3,Lemania,1,Leroy,4,Linde Werdelin,2,Longines,93,Louis Erard,26,Louis Moinet,7,Louis Vuitton,1,luxury steel watch,24,LVMH,10,LVMH 2020,6,M.A.D.Edition,3,M.A.D.Editions,3,Maîtres du Temps,1,Manufacture Contemporaine du Temps,3,Manufacture Royale,3,Marc Lang,1,marine chronometer,2,Marqueterie,1,Maurice de Mauriac,2,Maurice Lacroix,26,MB&F,64,MCT,1,MeisterSinger,90,meteorite,3,metiers d'art,2,Mickey Mouse,2,Mido,59,military watches,14,Minerva,3,Ming,1,Minute Repeater,62,monopusher chronograph,4,Montblanc,57,moon phases,121,Moritz Grossmann,31,Moser,44,Muhle,6,Mühle-Glashütte,5,mystery watches,4,Nautilus,12,New Britain Corp,1,new watches,3587,Nivada,2,Nomos,76,Norqain,31,Ochs und Junior,6,Officine Panerai,103,Omega,190,Only Watch,15,Only Watch 2015,4,Only Watch 2017,2,Only Watch 2019,3,Only Watch 2021,4,Only Watch 2023,10,Oris,42,paillonne,1,Panerai,106,Parmigiani,14,Parmigiani Fleurier,33,Pascal Coyon,1,Patek,56,Patek Philippe,133,Pedrozo & Piriz,1,perpetual calendar,146,Perrelet,11,Petermann Bedat,3,Phenomen,1,Philippe Dufour,1,Phillips,10,Piaget,34,Pierre DeRoche,2,pilot watch,111,Pininfarina,1,Pisa,13,Pisa 1940,1,Pisa Circle,12,Pita,1,planetarium,2,platinum,7,pocket watch,3,pocket watches,2,Poehlmann-Bresan,2,Poincon de Geneve,2,Porsche Design,17,Pre-SIHH 2016: Cartier - Clé de Cartier Automatic Skeleton,1,pulsometer,5,Purnell,1,quartz,9,Rado,19,Ralf Tech,3,Ralph Lauren,2,rattrapante,23,Raul Pages,2,Raymond Weil,4,rectangular watches,16,reddot award,1,regatta,1,regulator,25,remontoire,5,Remy Cools,1,Renaud Tixier,1,Reservoir,2,resonance,21,Ressence,12,retrograde,10,Revelation,1,Reverso,26,review,119,RGM,1,RGM Watch Co.,1,Richard Mille,110,Richemont,4,Richmond,1,Roger Dubuis,11,Roger Smith,1,Roger W. 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Time and Watches | The watch blog: Highlights from Christie's, Phillips and Sotheby's May auctions
Highlights from Christie's, Phillips and Sotheby's May auctions
Highlights from Christie's, Phillips and Sotheby's May auctions. There was great expectation for the legendary Patek Philippe Calibre 89 in yellow gold presented for auction at Sotheby’s "Important Watches" sale in Geneva on Sunday May the 14th, 2017. Surprisingly, the watch was not sold as Sotheby’s passed. Offered with an estimate of Swiss Francs 6.5–10 million as lot 171, the Patek Philippe Calibre 89 did not hit bids above its lower sale estimate. "The Geneva Watch Auction: FIVE" was Phillips’ first watch sale of 2017. The sale was led by the iconic Rolex Reference 6062 "Bao Dai" which sold for CHF 5,066,000 to a phone bidder. This is the new world record for the highest price ever achieved by any Rolex wristwatch at auction. A Rolex Daytona "Paul Newman" Ref. 6263 with a caseback stamped 6239 and a rare "lemon" grené dial (lot 237) established a new world record as the most expensive Daytona ever sold at auction achieving the impressive amount of Swiss Francs 3,722,000. At Christie’s “Rare Watches and a Rolex Afternoon”, the top lot was a gold Patek Philippe perpetual calendar wristwatch formerly the property of Emperor Haile Selassie I of Ethiopia. On sale with an estimate of Swiss Francs 500,000 - 1,000,000, this lot achieved a sale price of Swiss Francs 2,911,500.
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