News and Events May 22, 2003 admin
Industry News – Antiquorum’s First Auction of 2003 to be Held in New York
Antiquorum, the world’s leading watch auctioneer, will open its 2003 auction season on March 19th in New York with a sale of Collector’s Pocket Watches, Wristwatches & Clocks at the Grand Havana Room.
The sale is expected to feature 300 lots and will be first previewed in Beverly Hills prior to the New York viewings. These can be seen first at Tourneau’s flagship store, the “TimeMachine” on March 15-16, followed by a viewing of the entire collection beginning on March 17th at Antiquorum’s Grand Havana Room.
Highlighting the collection of Patek Philippe wristwatches is a rare, astronomical, 18K yellow gold, Patek Philippe, Ref. 3448. This self-winding wristwatch with perpetual calendar and moon phases was produced in 1962 and is estimated to fetch between $ 50,000 to $65,000. Only 586 examples were made from 1962 to 1964, with the caliber 27-460Q.
Among the modern wristwatches featured in this auction is an 18K yellow gold Breguet, Ref. 2292 from the 1990’s. Featuring a one-minute tourbillon regulator, this highly collectible wristwatch is estimated to bring $32,000 to $36,000.
The auction collection also features numerous limited edition wristwatches, such as an example of the “Il Destriero Scafusia” produced by International Watch Co in 1993.
This limited edition wristwatch was released in 125 examples in pink gold, yellow gold and platinum in celebration of the firm’s 125th anniversary. It is estimated to fetch US$140,000 to $160,000.