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Sotheby's - "Paul Newman" Rolex sell for CHF 464,500 - | Industry NewsPress releaseSotheby'S autumn sale of Important Watches confirmed the strong interest of international collectors for rare and historic timepieces and automata. Over 400 clients registered to participate in the 243-lot sale, and many others relayed bids online and over the phones through Sotheby's staff. The auction brought CHF 7,920,100 (US$ 8,129,903), above the pre-sale estimate of CHF 5,505,100-7,659,500 (US$ 5,650,930-7,862,400)*. 42% of the lots sold achieved hammer prices in excess of their high estimate, with sell-through rates of 84% by lot.
A rare stainless steel Rolex chronograph wristwatch with registers and dated circa 1966 (ref. 6263/6239) oyster cosmograph Daytona "Paul Newman" - one of the most celebrated models by the prestigious Swiss maker - fetched CHF 254,500.
Sotheby's
Commenting on the exceptional results of the sale, Geoffroy Ader, European Head of Watches at Sotheby's, said: "Recent sales have witnessed a strong and ever-increasing demand for antique pieces of particular historic and decorative interest. Based on recent demand from buyers from the Middle East and Asia, we were fortunate to be able to source a large group of very rare enamel timepieces and automatons made for the Chinese and Turkish markets and were rewarded with enthusiastic interest and bidding participation from an international clientele. In addition, an exceptional selection of modern and vintage timepieces held tremendous appeal for worldwide collectors seeking quality in today's marketplace".A rare automaton caterpillar, made for the Chinese market circa 1820, sells for CHF 404,500 (US$415,215) to an Asian Buyer. One of the top lots of the sale was a rare gold, enamel, jewel and pearl-set automaton caterpillar, probably made by Henri Maillardet, circa 1820 (lot 138). Estimated at CHF 350,000-450,000 (US$ 357,000- 459,000), this automaton, which perfectly mimics the gracious undulating crawl of a caterpillar, is sometimes referred to as "Vers de Soie" to further enhance its Orientalist character. This singular piece, one of only a handful of automated caterpillars known to exist, has been attributed to Henri Maillardet. Made in early-19th century in Switzerland, it was titled "the Ethiopian caterpillar" when Maillardet, in partnership with Jaquet Droz, organized an exhibition to show off his menagerie of miniaturized automata in London, which dazzled the public.
A rare automaton caterpillar, made for the Chinese market circa 1820, sells for CHF 404,500 (US5,215) to an Asian Buyer.
Sotheby's
Historical Pocket Watches soar, totalling an impressive CHF 2,266,500, to nearly double presale estimates Tonight's sale showed a groundswell of interest in pocket watches with historical resonance and decorative allure. This category - the subject of increasingly fierce competition in recent Sotheby's sales secured strong bids, bringing the combined total for pocket watches to CHF 2,226,500, well above the pre-sale estimations (CHF 1,321,500- 1,834,500/ US$ 1,350,950-1,874,300).Highlighting the outstanding group of historic pieces were unique timekeepers and automata made for the Chinese and Turkish markets. Five bidders competed for a rare and exceptional pair of gold, enamel and hard stone centre seconds watch with split pearls made for the Chinese market, circa 1800. Estimated at CHF 80,000- 120,000, these two watches accompanied by their original keys (lot 135) fetched CHF 266 omega constellation replica ,500 (US$ 273,560). This great result was no doubt sparked by the fact that this exquisite piece was made by William Ilbery, most commonly known as a fine maker of watches for the Chinese market and credited for rare examples made of moss agate such as this present example. Examples of Ilbery's extraordinary craftsmanship are exhibited worldwide, notably in the Patek Philippe Museum, Geneva.Testament to the extraordinary craftsmanship and imagination behind the ornamental pieces made for the Turkish market, a fine and rare chronometer watch with date indication, made circa 1830 by Aug. Courvoisier Cie, Chaux de Fonds realised CHF 62,500 (US$ 64,156) (lot 140). Estimated at CHF 15,000- 25,000, this exquisite timepiece depicts on the reverse the Cemetery of Eyup, Istanbul.Antique pocket watches featured strongly in the sale, covering four centuries from the 17th century to the 20th century. Among the highlights in the selection was a very fine and rare yellow gold and hardstone-set openfaced watch by Breguet, legendary Swiss watchmaker who counted among his most loyal clients Marie-Antoinette, Napoleon, the Queen of Naples and Russian Tsar Alexander I. Estimated at CHF 30,000-50,000, this watch (lot 161) sold for CHF 68,500 (US$ 70,315). Reflecting the originality, fine workmanship and elegance of Breguet's timepieces, this watch was decorated by Jean-Baptiste Fossin and his son Jules, predecessors of Chaumet, it was sold on 20 March 1839 to Madame la Generale Adadouroff.Provenance and rarity triggered strong competition for another historical time piece in the sale: a fine and rare gold perpetuelle, calendar dress watch no. 02/07, made circa 1925 by L. Leroy Cie, Paris (lot 162). Estimated at CHF 20,000-30,000, this watch achieved CHF 45,000 (US$ 46,192). It remained in the hands of the original owner's family until now. This limited edition, of which seven examples were made, was purchased through Robert Darblay who commissioned them for himself and other members of his family.Five bidders competed for one of the highlights of the 18th century pocket watches: a magnificent gold and agate quarter repeating verge watch with two matching chatelaine and necessaire, which sold for CHF 134 replica Panerai power reserve gmt ,500 (US$ 138,063) (lot 121). Made circa 1760 by Cabrier, known as the 17th and 18th century French watchmaker of European monarchs and aristocracy, the lot was estimated at CHF 25,000-35,000. Blue chip vintage and modern wristwatches perform well Bringing together an impressive range of timepieces charting the evolution of watchmaking from the 1620 to the present day, tonight's sale saw good performance for blue chip vintage and modern wristwatches, Following the success of Rolex wristwatches last May, a very rare stainless steel Rolex chronograph wristwatch with brown dial, registers and bracelet circa 1969 (ref. 6263/6239) oyster cosmograph "Paul Newman" (lot 104) realised CHF 464,500 (US$ 476,805), over five times its pre-sale high estimate of CHF 60,000 80,000. Among the rarity of its "Paul Newman" dial, the present watch is notable for its unusual signature featuring the Oyster on the third line after Rolex and Cosmograph and for its rare discoloured dial.A rare stainless steel Rolex chronograph wristwatch with registers and dated circa 1966 (ref. 6263/6239) oyster cosmograph Daytona "Paul Newman" - one of the most celebrated models by the prestigious Swiss maker - fetched CHF 254,500 (US$ 261,242) (est. CHF 60,000 80, buy replica watches 000) (lot 91), more than twice its pre-sale high estimate.The celebrated Geneva-based watchmaker Patek Philippe was also widely represented in the sale: Lot 198, a fine and rare 18K yellow gold Patek Philippe open-faced minute repeating perpetual calendar watch with moon-phases (ref. 844 MVT 198397 case 314584) whose production began in 1930 and was completed in 1964 realised CHF 134,500 (US$ 138,603) (est. CHF 60,000-80,000), and lot 207, a rare 18k pink gold Patek Philippe chronograph wristwatch with two-tone dial, register and tachometer 1955 (REF 1463R MVT 868696 case 684704), which realised CHF 242,500 (US$ 248,924).The sale also included a selection of vintage models by Cartier. Among them was a Cartier platinum curved rectangular bracelet watch circa 1930 Tank Cintree (lot 194) which fetched CHF 105,700 (US$ 108,500). Estimated CHF 30,000-50,000, this exaggerated and elegant Tank Allongee is a daring re-interpretation of the classic Tank shape, its closest relative in the Tank family being the Tank Louis Cartier. In Cartier: The Tank Watch, Franco Cologni describes the Tank Allongee as 'far and away the most categorical assertion of the rectangular form ever produced by Cartier, and in fact in the history of watch design.'The results reuge contemporary tradition new watches 7509
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