Archive for the ‘Auction’ category

Patek chrono nets $6mln

May 11, 2010

Tweet: Patek Philippe perpetual calendar chrono sold to a Swiss private museum

patek philippe chrono

A Swiss private museum paid nearly  $5.86 million for a Patek Philippe perpetual calendar chronograph wristwatch, a record for a yellow gold watch at auction, Christie’s said on Tuesday.

The price was the second highest ever for a wristwatch, it said in a statement.

The buyer’s identity was not revealed, but Christie’s said it was a private museum in Switzerland. Geneva is home to a Patek Philippe museum, which displays exceptional pieces by the independent Swiss watchmaker.

Made in 1943-44, the watch features an avant-garde case design and was a forerunner for future generations of complicated wristwatches, according to Christie’s. It was among 20 pieces belonging to a European collector who put them on the block, half at the semi-annual sales last November and the other half this week. In all, they fetched 16 million Swiss francs, making it the most expensive private collection of wristwatches ever sold, Christie’s said.

At rival Sotheby’s (BID.N) on Sunday night, a Swiss-made gold, enamel and pearl automaton shield which formerly belonged to Egypt’s King Farouk, netted 746,500 Swiss francs, far exceeding its pre-sale estimate. The piece, made for the Chinese market in the early 18th century, depicts a Swiss lake scene whose seven moving parts include a shepherdess, sheep and dog. Farouk, the last king of Egypt, sold his legendary collection in 1954, two years after being forced to abdicate, according to the auction house.

The Breguet museum in Paris, under the auspices of Swatch Group chief executive Nicolas Hayek, paid 2.3 million Swiss francs for the horological memoirs of the Swiss watchmaker A.L. Breguet last Friday, Patrizzi & Co said.

Written between 1818-1823, it now ranks among the top seven manuscripts in the world ever sold, according to the Geneva-based auction house set up by Italian Osvaldo Patrizzi.

Bid to save the Sundarbans

March 15, 2010

geophysic 1958

Jaeger-LeCoultre presents its second online auction beginning March 18, 2010 to benefit the UNESCO World Heritage Centre. The entire proceeds of the auction will be donated to the India’s Sundarbans UNESCO World Heritage site.

The Manufacture is offering an iconic and unique timepiece: one of the two vintage 1958 Geophysic Chronometers Model E168 tested by professional climber Stephane Schaffter and his team during their recent Geophysic Expedition to the Himalayas. Their successful expedition culminated in the official naming of a virgin peak, Mt Antoine LeCoultre.

Jaeger-LeCoultre launched its Geophysic Chronometer in 1958, and made just 1290 of them. Since then, it has become one of the most iconic pieces in the history of the Grande Maison, epitomizing the values of precision, resistance and aesthetic perfection. This timepiece was the inspiration behind the latest breakthrough, the Master Compressor Extreme LAB2 introduced at the SIHH 2010 in Geneva.

Jaeger-LeCoultre has a long-term partnership with the UNESCO World Heritage Centre and the International Herald Tribune to help defend and protect outstanding marine sites that require immediate intervention to be saved. The auction is a chance for watch lovers and collectors to participate in this worthy cause. The auction ends on March 24, 2010.

Join the bidding, log at