Antiquorum’s auction of “Important Modern and Vintage Timepieces” brought a total of HK$30.8 million, or £2.57 million, at the beginning of February in Hong Kong, headlined by several Patek Philippe specimens, the auctioneer has revealed.
Recently a prized and precious memento was taken to an antique valuation day at a Perthshire garden centre, but this particular item stood out from the rest as it revealed an unlikely friendship in its history.
Purchasing those pocket watches UK collectors admire and revere so highly from leading auction house Sotheby’s has just been made the most costly its ever been, largely down to the hike in buyer’s premiums which are funded by successful bidders.
Swiss businesses discovered that they now need to deal with a new reality after the value of the Swiss franc spiked by an astonishing 30% in mid-January. Companies are fearing a crash in its exports after its central bank unlinked the currency from the euro, but will this affect the make antique pocket watches, antique wrist watches and other Swiss timepieces that are so world renowned.