The Centennial Collection Triumphs At Hong Kong Watches 2.0 Sale

80% Sell-Through Rate For The Debut of
'The Centennial Collection: 100 Years Of Timepieces'

- Asia's Largest Collection of Multi-Brand Timepieces Ever Offered At Auction -

Strong Online Participation
Almost 40% of Lots Sold To Online Buyers

Wide Appeal With Robust Bidding
Total Number of Bidder Doubles
A Quarter Of Bidder Are New Clients
Global Participation Spanning Over 40 Countries

Strong Demand For Mid-Market Timepieces
Over 1/3 of Sold Lots Achieve Prices Above High Estimate
Over 30 Lots Sold For Multiples Of Estimate

Tim Bourne, Bonhams' International Director of Watches, Asia, commented: "We are extremely pleased to see many positive market signs from the sale results: the bidding was competitive and robust, new buyers are coming to Bonhams for the first time, the interest is global, and we had record online participation. The mid-range vintage watches achieved many prices above, or even soaring multiples of, estimates, demonstrating that accessibly priced timepieces have strong demand and a far-reaching appeal."

Auction results:

Key highlights from the sale included:

o Patek Philippe. A Fine And Rare White Gold Minute Repeating Tourbillon Wristwatch With Black Enamel Dial (Lot 987) sold for HK$ 2.75 million (Estimate: HK$2.3 – 3.8million)

o Breguet. An Exceptionally Rare Lady's White Gold, Diamond and Ruby Set Oval Bracelet Watch with Moon-Phases, Power Reserve and Mother-of-Pearl Dial (Lot 901) sold for HK$ 813,125 (Estimate: HK$740,000 – 1 million)

o Patek Philippe. A Very Rare Lady's Suite of a Pink Gold and Diamond Bracelet Watch With A Matching Pair of Cufflinks and Ring (Lot 911) sold for HK$ 750,625 (Estimate: HK$580,000 – 850,000)

High demand for mid-market timepieces

o Over one third of sold lots achieved prices above high estimate, most of which carrying mid-range estimate from HK$10K to 400K

Heuer: A Stainless Steel Chronograph Wristwatch Model: Skipper "Skipperera" (Lot 817) sold for HK$625,625, over 2 times the estimate (HK$235,000 – 470,000)

o Among which over 30 lots sold for prices multiples (three-fold up) of estimate

Omega. A Fine Yellow Gold Chronograph Bracelet Watch Commemorating the Apollo XI Moonlanding in 1969 (Lot 1176) sold for HK$525,625, 4 times the estimate (HK$130,000 – 260,000)

Gübelin. A Yellow Gold Chronometer Bracelet Watch with Honeycomb Dial and Elongated Lugs (Lot 932) sold for HK$100,625, over 12 times the estimate (HK$ 8,000 – 12,000)

• The sale attracted worldwide participation from a total of over 40 countries, spanning from America and Europe to The Middle East and Asia


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