New world at timepieces auction in Bonhams - News

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Wednesday 21 December, 2011 - 15:00 PM EST

New world at timepieces auction in Bonhams

Top sales for the Patek Philippe chronograph ref 5020P

A record sale total of $1.58 million were achieved last December 8th at the Fine Watches, Wristwatches and Clocks auction at Bonhams with top honours for the Patek Philippe ref 5020P sold at $338,500.

With 163 lots sold at the auction, the top honours of the sale was the world record-breaking Patek Philippe chronograph ref. 5020P. The top lot of the sale, claiming $338,500 against a pre-sale estimate of $280,000-350,000, was a fine and very rare platinum cushion-form perpetual calendar chronograph wristwatch.

The second top lot of the sale was a Patek Philippe very rare and fine 18-carat rose gold chronograph wristwatch ref. 5070R, retailed by Tiffany & Co. Elsewhere in the sale five of the top lots came from an impressive private and distinguished collection of 25 highly sought-after watches including a Vacheron Constantin, a Breguet, and two Patek Philippe timepieces.

Completing the top ten were also two rare chronographs by Rolex that embody 1960s car racing and film legend Paul Newman, making the auction a world-breaking success.

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