Vintage Patek Realizes $182,500 at Spring Fine Timepieces Sale  

Vintage Patek Realizes $182,500 at Spring Fine Timepieces Sale

An 18 Karat Yellow Gold Ref. 3448 Wristwatch, Patek Philippe for Tiffany & Co., Circa 1970
Sold for $182,500
A Platinum Ref. 5500P Pagoda Wristwatch, Patek Philippe,
Circa 1997
Sold for $32,500
An 18 Karat Yellow Gold Ref. 5500J Pagoda Wristwatch, Patek Philippe, Circa 1997
Sold for $21,250
A First Generation Stainless Steel Ref. 1655 Explorer II Wristwatch, Rolex, Circa 1969
Sold for $15,000
An 18 Karat Pink Gold Ref. 5500R Pagoda Wristwatch, Patek Philippe, Circa 1997
Sold for $27,500
An 18 Karat Pink Gold Chronograph Wristwatch, Vacheron & Constantin,
Circa 1949
Sold for $18,750

 

Chicago, Illinois – April 8th, 2014 – Amidst an auction room crowded with enthusiastic bidders and an international group of collectors participating online and by phone, Leslie Hindman Auctioneers successfully held its Spring Fine Timepieces session, ultimately grossing over $600,000.By far the most sought after item of the evening, the 18 karat yellow gold Ref. 3448 Patek Philippe for Tiffany & Co. realized an impressive $182,500, surpassing the pre-sale estimate of $70,000-$90,000. Other significant highlights included the trio of ref. 5500 Patek Philippe Pagodas which were offered in very fine condition and impeccably complete with all documentation. The yellow gold Pagoda sold for $21,250, the pink gold Pagoda brought $27,500, and the unworn platinum Pagoda realized $32,500.

Other popular pieces included a “First Generation” stainless steel Ref. 1655 explorer II Rolex wristwatch which sold for $15,000 and a Vacheron Constantin two register chronograph with a cal. V492 movement which brought $18,750.

The results from this auction are indicative of the robust and growing market demand for highly noted firms such as Patek Philippe and Rolex, especially their vintage references. Timepieces accompanied by detailed provenance and original documentation enjoyed a significant boost in demand. View the full results of the sale here.

Leslie Hindman Auctioneers’ next Fine Timepieces auction will be held on December 8th, 2014. We are welcoming consignments through October 8th.

To learn more about the sale, please contact Ashley Chan at 312.334.4223 or by email atashleychan@lesliehindman.com.
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