Timeless Elegance
Rare Patek Philippe Steals the Show at Bonhams Fine Watches Sale


Fine Watches and Wristwatches
21 Jun 2017
London, New Bond Street

Bonhams sale of Fine Watches and Wristwatches today, 21 June, saw a total of £1,744,125 achieved, and a sell through rate of 75%.

The sale was a success from start to finish, with auctioneer James Knight presiding over a busy saleroom and telephone bidders dialling in from across the globe. Internet bidding was particularly fierce during the sale, illustrating the international appeal of the range of timepieces offered by Bonhams.

The top lot of the sale was a very fine and rare platinum manual wind split second chronograph wristwatch with perpetual calendar and moon phase by Patek Philippe which sold for £161,000.

Jonathan Darracott, Bonhams Global Head of Watches, commented: 'We were thrilled to see the Patek Philippe achieving such a considerable sum, which just goes to prove the continued growth in demand for fine, rare examples from the very best watchmakers. The auction attracted competitive international bidding which reflected the huge variety and strength of the sale.'

The second most valuable lot of the day was from Blancpain. A unique and exceptionally fine platinum tourbillon minute repeating perpetual calendar split second chronograph wristwatch with moonphase and power reserve Le Brassus Perpetual Calendar Minute Repeater sold for £125,000 to an international internet bidder.

Rolex tick all the boxes

Pieces from Rolex performed well throughout the sale, with 50% of the top ten lots sold coming from the Swiss manufacturer. Of particular note was a fine and rare stainless steel manual wind chronograph bracelet watch Cosmograph Daytona 'Paul Newman' by Rolex which achieved £81,250.

- A fine 18k gold manual wind chronograph bracelet watch Cosmograph sold in the room for £51,250

- A fine 14k gold manual wind chronograph bracelet wristwatch by Rolex achieved £50,000

- A fine 18k gold automatic chronograph bracelet watch Cosmograph sold for £50,000

- A rare 18k gold manual wind chronograph wristwatch Pre-Daytona sold to a telephone bidder for £47,500

- A fine and rare stainless steel manual wind chronograph bracelet watch Cosmograph achieved £35,000

The sale included several early pieces by Abraham Louis Breguet, arguably the best known Horologist of his time. Several Breguet examples caught the attention of the crowd, including a very fine and rare platinum manual wind tourbillon wristwatch with power reserve and diurnal indication which sold for £40,000 and a fine and rare silver and gold quarter repeating full hunter pocket watch with lever escapements, circa 1820 which achieved £36,500.

Other highlights included:

- An early Cartier lady's white gold, diamond and seed pearl set manual wind bracelet watch achieved more than five times its pre-sale estimate, selling for £21,250

- An 18k gold Rolex automatic calendar bracelet watch with dual time zone and 'root beer' bezel more than doubled its estimate, achieving £16,250

For a full list of results, please visit www.bonhams.com/auctions/24232

The Bonhams watch department will hold their next sale on 12 September 2017 at the Knightsbridge saleroom on Montpelier St.


NOTES FOR EDITORS

Bonhams, founded in 1793, is one of the world's largest auctioneers of fine art and antiques. Today, the auction house offers more sales than any of its rivals. The main salerooms are in London, New York and Hong Kong. Sales are also held in the UK in Knightsbridge and Edinburgh; in the US, in San Francisco and Los Angeles; in Europe, in Paris and Stuttgart and in Sydney, Australia. Bonhams also has a worldwide network of offices and regional representatives in 25 countries offering sales advice and valuation services in 60 specialist areas. For a full listing of forthcoming sales, plus details of Bonhams specialist departments, please visit bonhams.com

Contacts
  1. Jonathan Darracott
    Specialist
    Bonhams
    Work
    101 New Bond Street
    London, United Kingdom W1S 1SR
    Work +44 20 7447 7412

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