Jean-Claude Biver’s quartet of rare Patek Philippe watches sold for US$8.6m
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Jean-Claude Biver'south quartet of rare Patek Philippe watches sold for US$viii.6m
The iv timepieces were sold at the Phillips Geneva Lookout Sale XI held from Jun 27 to Jun 28, the first alive sentry auction since the coronavirus pandemic.
The results are in – four rare Patek Philippe timepieces from Jean-Claude Biver's collection sold for Due south$12 meg. (Photo: Phillips)
The Phillips Geneva Watch Auction Eleven was set to kick off on May 9 at the Hotel La Reserve, the highlight of which was four vintage Patek Philippe timepieces from the private drove of watchmaking heavyweight Jean-Claude Biver. Just the COVID-19 pandemic forced the auction business firm to postpone the sale to a later date, a move that has since paid off.
On Jun 27, the auction finally kicked off, and the quartet of timepieces went nether the hammer, collectively selling for US$8.6 one thousand thousand (S$12 million), above their estimate of US$6.eight million.
The top lot of the auction, sold during the auction'southward starting time day on Jun 27, was the Ref. 1518, the earth's first perpetual calendar chronograph wristwatch, launched in 1941. The timepiece sold for The states$3.6 1000000, shattering its loftier gauge of US$ii.five million.
Coming in second was Biver's Ref. 2499, which sold for US$ii.seven million, well above its US$2.1 million high estimate. The timepiece is the successor to the Ref. 1518, produced in 1957. At one point during the auction, nine bidders competed for the picket.
The number iii lot of the auction was the Ref. 1579 from 1946. The vintage watch features a platinum case with blue enamel and spider lugs. It is only 1 of iii models of this reference with a platinum example. The timepiece sold for US$2 million, above its US$1.6 million high approximate.
Biver's Ref. 96HU Globe Fourth dimension was non one of the top lots, but sold within its estimates. This historically significant timepiece fetched Usa$407,291, above its low estimate of The states$315,378.
The Phillips Geneva Watch Auction Xi was the first postal service-pandemic live watch auction. With 210 lots to offering, collectors from across more than 67 countries returned in full strength. Sales totalled a whopping U.s.$31.half-dozen million.
The sale was non limited to simply Patek Philippe timepieces. Independent watchmaker FP Journe also had much to celebrate. The Tourbillon Souverain Subscription sold for US$1.5 million, almost five times to a higher place its high estimate of US$310,000.
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Source: https://cnalifestyle.channelnewsasia.com/obsessions/jean-claude-biver-patek-philippe-watches-sold-auction-results-237406
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