F.P. Journe Tops Sotheby's Hong Kong Watch Auction

The Autumn Sale also included watches from the collection of Hiroshi Fujiwara.

Watches
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In an auction dominated by lots from Patek Philippe, independent watchmaker F.P. Journe achieved the highest price at Sotheby’s latest auction in Hong Kong.

The limited edition Platinum Tourbillon Souverain “Souscription” achieved $2m USD, also setting an auction record for F.P. Journe.

Demand for Journe was such that all 13 of the watchmaker’s pieces at auction sold, selling beyond their high estimate, reaching $4.6m USD.

Overall, the Hong Kong Important Watches Autumn Sale made $33,564,400 USD, the biggest result for a Sotheby’s Watches auction in Asia.

Vintage and contemporary Patek Philippe pieces continued to lead the market though, with a platinum and diamond-set  Ref. 5307, brand new to market, selling for $1.655m USD and a 1981 Ref. 3448 white gold “Senza Luna” perpetual calendar achieving $1.298m USD.

A record was also set for Patek’s Ref. 5070, with a platinum example of the chronograph with black dial hammering for $644,500 USD.

fragment design founder Hiroshi Fujiwara had consigned three lots to the sale, each originally retailed by Tiffany & Co. The watches included a Rolex GMT-Master Ref. 6542 ($113,350 USD), a pink gold Patek Philippe Ref. 5970 ($388,610 USD) and a white gold Patek Philippe Ref. 5970 ($421,000 USD).

Fifteen pieces formerly belonging to musician Eric Clapton also sold, with the top price achieved by a platinum Patek Philippe Ref. 5004, which sold for $986,600 USD, setting an auction record for the reference, along with records for Patek Philippe references 5970 and 3970. 

Sotheby’s illustrated the direction sales are headed in, noting that 87.2% of all bidding was conducted online.

Elsewhere in watches, Vacheron Constantin gears up for Year of the Tiger.

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