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May 31, 2010updated Feb 07, 2013

Highlights of Upcoming Patrizzi & Co ‘Timeless Emotions’ Auction

By Pardhasaradhi Gonuguntla

Cartier Art Deco Mystery Clock, Model AF. P. Journe, Patek Philippe World Time, Ref. 5131New York, New York – Reported by Elite Traveler, the private jet lifestyle magazine

A perennial favorite among collectors, “World Time” watches and clocks indicate time in all 24-hour time zones. Along with dual-time watches, these timepieces are particularly relevant in this era of global interaction and dependency. For its June 15 sale in New York, Patrizzi & Co Auctioneers plans to present a captivating selection of “World Time” men’s and women’s wristwatches, pocket watches and clocks, along with other collector-level timepieces.

More than 200 timepieces, including the World Times, will be offered in the auction, with two sessions at 11 a.m. and 2 p.m. in the company’s gallery on the sixth floor of 595 Madison Avenue. A three-day Silent Sale of an additional 150 to 200 watches will be held from Saturday, June 12, to Monday, June 14.

“World Time clocks and wristwatches eloquently capture a geographic history of the world,” said Osvaldo Patrizzi, president and chief executive officer of Patrizzi & Co.

“These timepieces preserve the evolution of timekeeping and international capitals, going back to the magnificent clock from 1630 that we sold last summer in our Renaissance Clocks auction in Milan.” World Time watches and clocks in this auction date from circa 1940 to 2009, including models from Patek Philippe, Breguet and Vacheron Constantin.

For the first time, the auction collection will preview in Shanghai where Patrizzi & Co has established a new office.

Highlights:

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-F. P. Journe, “Sonnerie Souveraine – Grande et Petite Sonnerie – Répétition Minutes,” stainless steel minute repeating wristwatch with grande et petite sonnerie striking chimes and power reserve indication; made in 2007 Estimate: $450,000 – $550,000

-Cartier Art Deco Mystery Clock, Model A, 18k yellow gold and rock crystal with diamonds; in mint condition; c. 1938-1940 Estimate: $300,000 – $400,000

-Patek Philippe, Officer’s wristwatch, Ref. 3960, in platinum; made in limited edition to commemorate the company’s 150th anniversary in 1989 Estimate: $60,000 – $80,000

-Patek Philippe World Time, Ref. 5110, in platinum; self-winding with night and day indicator and dial depicting time in 24 time zones; made in 2004 and sold Oct. 15, 2004 Estimate: $30,000 – $40,000

-Patek Philippe Perpetual Calendar Chronograph, Ref. 5970, in 18k pink gold; sold Nov. 5, 2004 Estimate: $100,000 – $130,000

-F.P. Journe Tourbillon Souverain, No. 141/01T, in 18k pink gold; sold Aug. 9, 2001 Estimate: $70,000 – $90,000

-Breguet Souscription Set, No. 11, in 18k yellow gold; made in limited edition of 300 pieces to commemorate “The Art of Breguet” auction in 1991 Estimate: $100,000 – $140,000

-Luminor Panerai wristwatch featuring Rolex case and movement and Panerai dial; c. 1940 Estimate: $70,000 – $90,000

-Conrad Kreitzer, cross-shaped Pendant Watch in gilt brass, and rock crystal and in mint condition; circa 1620 Estimate: $28,000 – $36,000

www.patrizziauction.com

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