Patek Philippe Chronograph Wristwatch Sets Auction Record at Bonhams

. December 10, 2011 . 0 Comments

Bonhams on December 8, achieved a sale total of $1.58 million, which include a world record that was surpassed and achieved by a stunning Patek Philippe chronograph wristwatch ref:5020P.


Patek Philippe chronograph wristwatch

Taking the top honors 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 18K rose gold chronograph wristwatch ref:5070R, retailed by Tiffany & Co., claiming $104,500, against a pre-sale estimate of $90,000-100,000.

Elsewhere is the sale five of the top lots came from an impressive Private and Distinguished Collection of 25 highly sought after watches. From this particular collection the top lots include a Vacheron Constantin fine 18K rose gold tourbillon wristwatch, selling for $80,500 (pre-sale est. $70,000-80,000); a Breguet 18K gold tourbillon wristwatch, selling for $74,500 (pre-sale est. $60,000-80,000); a Patek Philippe 18K rose gold chronograph ref:5070R, selling for $68,500 (pre-sale est. $60,000-70,000); a Patek Philippe fine automatic center seconds wristwatch ref:5056P, selling for $35,000 (pre-sale est. $28,000-32,000); and a Ulysse Nardin fine gold automatic wristwatch with a planispheric astrolabe, selling for $27,500 (pre-sale est. $20,000-25,000).

Also in the top ten were two rare chronographs by Rolex that embody 1960s car racing and film legend Paul Newman. The first was a fine and rare Cosmograph Daytona, Paul Newman 14K gold choronograph and bracelet which claimed $84,100 (pre-sale est. $80,000-120,000). The other was also a fine and rare Cosmograph Daytona, Paul Newman Rolex in stainless steel claiming $63,700 (pre-sale est. $40,000-45,000).

Category: Auction News

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