Sunday, March 4, 2012

Rare Jaeger-LeCoultre Antiquorum Auction Results

Last month at the Rare Jaeger-LeCoultre Timepieces Antiquorum’s Auction in Hong Kong some questions were answered with some very interesting results that were posted.

 The Gyrotourbillon One actually hammered at HK $2,420,000 equivalent to US $312,000 (including buyer's premium), while the Reverso Gyrotourbillon 2 sold for HKD1,820,000 which is equivalent to about $235,000. 

 Last but not least the Reverso a Triptyque sold for HKD2,540,000 which is around US $328,000.

All of the Jaeger-LeCoultre Haute Horology Masterpiece complication Trifecta were auctioned for above the Antiquorum's estimates very much in line with few previous known comparable auction results inclusive of those done in the secondary private market.

I wasn't exactly sure how I felt about breaking up the Limited WG Trio but apparently the market has spoken giving approval to each individual piece as an entity & their respective individual values. This is certainly a welcome good news for JLC high end compilations and especially for their owners/collectors.

On the other hand other notable complication was a piece unique from IWC Destriero Scafusia in platinum which just couldn't meet the $220,000-270,000 estimate which in my opinion says a lot about the actual collectors demand as well valuation for high end pieces from the house of Schaffhausen.

In the other news the two notable Patek Philippe ( first time at auction ref 1526 Perpetual calendar in YG vintage from 1951 as well a vintage ref 1518 first Perpetual Calendar Chronograph from 1946) were both a surprising no sales. On the other had the ref 3939 Tourbillon Minute Repeater in PG Enamel dial originally sold in 2010 and first time offered on the auction went above estimate for HK $3,200,000 about US$513,000. Surprisingly this time the appetite for the highest of haute horology most recent watches prevailed over usual vintage blockbusters.

No comments:

Daily thoughts, musings & interests about anything (mostly horology) that currently makes my soul & grey matter tick.