Sotheby’s Hong Kong important watch spring sale held on 5 April 2017 achieved a total of nearly HK$57,989,999 (US$7,462,733). The top lot Flamingo and Lotus Automaton Clock by Cartier was sold for HK$4,180,000.
Set in yellow gold with diamonds and precious and semi-precious gemstones, the Cartier clock is equipped with quartz movement. The 10-petal diamond-set lotus sat on nephrite leaves opens to reveal the dial. A pink gold Richard Mille tourbillon split second and chronograph and a pink gold Patek Philippe minute repeater perpetual calendar watch fetched the second and third highest prices in the auction at HK$2,860,000 and HK$2,740,000 respectively.
Jessie Kang, Sotheby’s head of watches, Asia, said: “We are pleased with the solid results and the healthy sell-through rate of the sale. Collectors’ interest has become increasingly diverse, with the top ten lots comprising not only traditionally sought-after brands, but also complex models and those by independent watchmakers. Unique designs and rare pieces remain popular, with all four Richard Mille watches on offer sold. Bidding from 33 countries was vibrant, with many new buyers in the sale room and a number of Sotheby’s existing clients exploring the field of watch collecting for the first time.” (Photo courtesy: Sotheby’s Hong Kong)
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