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June 2, 2009updated Jul 17, 2015

Patrizzi & Co Holds New York City Horological Auction

By Pardhasaradhi Gonuguntla

On June 4 in New York, Patrizzi & Co Auctioneers will present “Important Pocket Watches, Vintage and Modern Wristwatches” comprising 293 timepieces of outstanding quality, provenance and rarity. The auction will be held at the company’s gallery at 595 Madison Avenue in two sessions at 10:30 a.m. and 2 p.m. In addition, buyers can bid via phone, written bids, and in real time online via the company’s website, patrizziauction.com.

A public preview exhibition will be held Monday, June 1, through Wednesday, June 3, from

10 a.m. to 6 p.m. Patrizzi & Co does not charge a buyer’s commission, representing a 20 to

25 percent savings from the hammer price for the buyer. Unlike most auction houses, this means the final sale price reflects the actual value of the timepiece.

Highlighting the sale is a pair of ultra-complicated, highly engraved, diamond-set, platinum desk clocks made for a royal family in Southeast Asia in 1985. These precious, minute repeater desk clocks feature grande and petite sonnerie, perpetual calendar and moon phases with beautifully engraved, visible movements. One clock is also a chronograph with 60-minute register. Estimate: $ 400,000 – $ 500,000.

www.patrizziauction.com

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