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Important Watches brings $7.1 million at Sotheby's New York
Patek Philippe. A Unique And Extraordinary Massive Open-Faced Grande And Petite Sonnerie Minute Repeating Perpetual Calendar Split Second Chronograph Clock Watch Ref 942/2 Mvt 866783 Case 2837636 Made In 1993. Estimate $300/500,000. Photo: Sotheby’s.

NEW YORK, NY.- Robust bidding drove this week’s sale of Important Watches to a $7.1 million total, exceeding the auction’s high estimate of $6.9 million and with a very strong 90% of lots sold. Modern and vintage wristwatches and pocket watches by celebrated houses – particularly Rolex, Patek Philippe and Cartier – achieved notable prices throughout the day.

The sale offered a stunning selection of six vintage ‘Daytona’ by Rolex, which totaled $1.1 million. The group featured four ‘Paul Newman’ models, distinguished by its art-deco style font and hash marks on the dial. The coveted group was led by a Fine and Rare Yellow Gold Chronograph Wristwatch, Ref 6241, circa 1967, which quickly surpassed expectations to achieve $275,000 (estimate $150/250,000). At least five bidders competed for a Fine and Very Rare Yellow Gold Chronograph Wristwatch with Registers and Tachometer, Ref 6241, driving the final price to $175,000 – over four times its high estimate.

The sale featured two extraordinary pocket watches by Patek Philippe that bookended the firm’s output of the 20th century. A Unique and Extraordinary Massive Open-Faced Grande and Petite Sonnerie Minute Repeating Perpetual Calendar Split Second Chronograph Clock Watch led the way with a final price of $468,500 (estimate $300/500,000). A tribute to the Henry Graves, Jr. Supercomplication, sold by Sotheby’s in 1999 and again in 2014, this exceptional Ref 942/2, also known as the Grand Complication, required five years of craftsmanship to combine all twelve complications into one case. A Important and Rare Yellow Gold Perpetual Calendar Minute Repeating Split Seconds Chronograph Open-Faced Watch Ref 767/3 made in 1904, with its bold case lines and stepped bezels, sold for $243,750 (estimate $180/280,000).

Notable wristwatches by Patek Philippe found success this afternoon. A Very Fine and Important Yellow Gold Automatic Perpetual Calendar Wristwatch, Ref 3448, was chased by at least three telephone bidders. Achieving $237,500, this wonderfully preserved wristwatch, coming to auction from the family of the original owners, sold for two times the pre-sale high estimate of $120,000.

The top lot of today’s sale – and of timepieces offered across the auction houses this week – was a captivating timepiece by Cartier. Known as a Mystery Clock, this Exceptional and Rare Platinum, Yellow Gold, Rock Crystal, Onyx, Mother-of-Pearl and Diamond-Set Clock charmed bidders with its combination of beautiful details and impressive technological design. Estimated at $300/500,000, this desk timepiece from 1929, designed by Maurice Couet, fetched $504,500.

Pocket watches, not just those by Patek Philippe, attracted bidding throughout the sale. ‘The Corsair Watch’, A Fine and Important Yellow Gold Open Faced Minute Repeating Split Seconds Chronograph Watch by Charles Frodsham, presented by JP Morgan to J Frederic Tams in 1891 as a souvenir for building his yacht Corsair, sold for $87,500, far above its estimate of $40/60,000.

The Celebration of the English Watch: Part III
Auction in London 15 December 2016

Following the success of the first two parts of “Celebration of the English Watch” which set a series of records for a number of antique watches and watchmakers, the most important private collection of English watches returns to Sotheby’s London on 15 December with a sale celebrating the genius of Thomas Tompion (1639-1713), the father of English watch- and clockmaking. The sale is led by an exceptional group of watches by Thomas Tompion and other leading makers who were active in the “Golden Age” of English Horology (John Knibb, Henry Jones, Daniel Quare and George Graham). The 61 lots on offer also brilliantly trace the evolution of watchmaking, from the early 17th to the early 20th centuries.

Today's News

December 11, 2016

French President Francois Hollande opens new Lascaux prehistoric art cave replica

The youth of Impressionism: Works by Frédéric Bazille on view in Paris

LOVE sculpture temporarily off view for conservation

1,300 British Library Hebrew manuscript treasures now online

New, large-scale installation, sculpture and painting by Anselm Kiefer on view at White Cube

Musée d'Art moderne de la Ville de Paris presents a career retrospective of the work of Carl Andre

Dylan notably absent as Nobel laureates accept prizes

Exhibition of recent sculpture by Bhuvanesh Gowda on view at Chemould Prescott Road

Monica Bonvincini's first UK survey exhibition on view at BALTIC Centre for Contemporary Art

Steven Holl Architects' library and campus masterplan approved for Malawi, Africa

Pérez Art Museum Miami celebrated Feminism with largest photograph of South Florida female artists

Foam exhibits the monumental and mysterious work of Brazilian artist Sofia Borges

Photographic rebels at the Museum Folkwang: National exhibition kicks off in Essen

Ludwig Museum in Budapest opens exhibition of works by Susan Swartz

SFMOMA exhibition features the U.S. premiere of Runa Islam's "Cabinet of Prototypes"

Galerie Cécile Fakhoury opens exhibition dedicated to the Algerian artist Dalila Dalléas Bouzar

Lucien Terras opens solo exhibition of new work by Emily Mullin

Samuel Levi Jones's first solo exhibition with Galerie Lelong on view in New York

VOLTA NY announces Wendy Vogel for 2017 Curated Section

Festive treats on offer in Sotheby's December Wine Sale

Exhibition focuses on work that attempts to capture the invisible

Jochen Volz to curate Brazil's participaton in La Biennale di Venezia

National Portrait Gallery will install the portrait of President-elect Donald J. Trump before inauguration

Important Watches brings $7.1 million at Sotheby's New York

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