Hong Kong Sotheby ‘s 2011 Prestige Watch Spring Auction Sets Another Record

On April 7, Sotheby’s Hong Kong’s 2011 Prestigious Watch Spring Auction officially closed. After two auctions in spring and autumn 2010, this auction will have a total turnover of HK $ 73,086,250. It set a new record for the highest auction price of Hong Kong Sotheby’s standing luxury watch. 2004 Patek Philippe Model 5016P Platinum Manual Minute Repeater Tourbillon Watch
   A total of 315 lots were launched in this auction, and 305 lots were successfully sold, with a turnover rate of 96.8%. The highest-priced lot was a 2004 Patek Philippe 5016P model manual platinum three-minute perpetual calendar tourbillon watch sold at HK $ 5.12 million. Four other watches broke the world auction record, including a 2010 Patek Philippe Patek Philippe 5971P watch with platinum and diamonds manual winding perpetual calendar, a 2002 Breguet model 3356 white gold with diamonds and hollow manual winding tourbillon watch and 2009 Patek Philippe Patek Philippe 5970P model with 18K pink gold Chain perpetual calendar chronograph watch and a 2007 FPJourne limited titanium and 18K pink gold manual winding tourbillon seconds watch, they were sold at HK $ 2.54 million, HK $ 2.18 million, HK $ 1.34 million and HK $ 1.28 million , Breaking the world auction records held by the brands.