Press release
A Patek Philippe Platinum Wristwatch With 12 Complications Ref. 5002P Sky Moon Tourbillon Sold For HK$10.52 Million / US$1.35 Million (Est. HK$8 – 12 Million / US$1.03 – 1.54 Million)
World Auction Record Achieved For A Patek Philippe Minute Repeating Perpetual Calendar Wristwatch Ref. 5104 When It Sells For HK$4.94 Million / US$630,000 (Est. HK$4 – 5 Million / US$510,000 – 640,000)
Discussing the sale today, Charles Tearle, Sotheby's Head of Watches, Asia, said: “We are very pleased with the results of today's sale which set a record for a various-owner sale of watches at Sotheby's worldwide. Our tightly curated offering of desirably-estimated, highly complicated wristwatches attracted eager competition from a worldwide audience and gave us an excellent total, with 20 lots surpassing HK$1 million / US$US$130,000, and over 60% of the sale soaring above high estimate. The sale achieved a high sold rate both by lot and by value, with a high average lot value of over HK$320,000 / US$41,000. Today we had active global participation from not only Greater China, but also Europe and the US and there was record participation online. Collectors worldwide can also look forward to the highly anticipated sale of the George Daniels' Horological Collection at Sotheby's London in November”
