Bond Street auction house Bonhams hosted its Fine Watch sale on 22 June, with Patek Philippe stealing the show.
The top five lots at the auction all came from the Swiss watchmaking behemoth, with the top lot being a classic Patek Philippe masterpiece won by a telephone bidder. The platinum manual wind perpetual calendar chronograph wristwatch, ref: 5971P, complete with moon phase, sold for £134,500.
Head of watches at Bonhams, Jonathan Darracott, was understandably pleased with the results from the day: “The sale saw strong interest across the board. Some exceptional prices were achieved, with 50 per cent of the top ten lots from Patek Philippe, and world record prices from other brands. Well priced, the auction attracted competitive bidding, to achieve an excellent sale total of £2.2 million.”
Other Patek Philippe sales included the 18k rose gold cushion form manual wind perpetual calendar chronograph, ref: 502R, estimated at £20,000-30,000, which sold to a German bidder for £84,100; the fine platinum manual wind chronograph, ref: 5070-001, which sold for more than double the top estimate at £84,100, and the platinum rectangular manual wind 10-day tourbillon, also from Patek Philippe, which went for £91,300.
Other highlights from the Fine Watch sale included a world record breaking military issue Omega Seamaster 300, which was first launched in 1948 to coincide with the company’s 100th anniversary and is now considered to be the oldest line in its collection. Estimated at £10,000-15,000, the watch created a huge buzz among prospective buyers in the room, with the timepiece finally selling to a bidder in Singapore for £69,700.